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Organic Pigments Market By Type (Azo, Phthalo, and High Performance pigments), Application (Printing Inks, Plastics, Coatings, Textile, Leather, Others)-Global Market Trends & Industry Forecasts Upto 2025

The organic pigment is anticipated to reach $ 6.0 billion by 2013 growing at a CAGR of 2023. The factors driving the organic pigments market are growing demand from end user industries such as printing inks, plastics, paints & coatings, and leather applications. Some of the factors favoring the market growth are their properties and aesthetics provide intense and bright colors which makes them favorable for printing inks and coatings. Organic pigments are mainly divided in to natural organic pigments (derived from animal products and plant products) and synthetic organic pigments (made from petroleum compounds). Recently, natural organic pigments have been replaced by the synthetic organic pigments. The various types of organic pigments covered are Azo Pigments, Phthalocyanine Pigments, and High-performance Pigments (Organic high performance pigments and Metallic Pigments). The high performance pigments will experience the highest grow at a CAGR of 4.0% from 2018-2023 mainly due to environmentally favorable characteristics which makes them suitable for various applications. The various applications of organic pigments are Inks ( polyamide, vinyl), plastics (PVC,LDPE, HDPE, PP, EVA / Rubber), coatings, (solvent-borne & waterborne decorative coatings, automotive OEM, powder, general industrial, coil coating and others), textile, leather and others. The coating application captured the largest share in 2017 mainly due to increasing demand from automotive and decorative coatings. The major players in this market are Sun Chemical, JECO Pigments, Hangzhou Baihe Chemical Co., Ltd., China North America Chemical Company Shanghai Silian Industry General Corporation, Changsu City Chemical Plant Company, Dongtai City Pigment Chemical Plant, Akshar Silica Private Limited, Heubach Colour Pvt. Ltd., Meghmani, Parikh Enterprises Pvt. Ltd, Parshwnath Pigments Ltd, Pawan Interchem Industries, Pidilite Industries, Sudarshan Chemicals and others. ...

 2/25/2018 |  Chemicals & Materials

Global Bioresorbable Stents Market By Type of materials (polymer based and metal based), Rate of Absorption (Fast and Slow), Application (Coronary Artery, Peripheral Artery), End-user (Hospitals and Cardiac centers and patients)-Global Market Trends & Industry Forecasts Upto 2023

The global bioresorbable stents market is expected to reach $ 1.6 billion by 2022 from $ 240.6 million in 2016, at a CAGR of 40.0% during the forecast period of 2018-2023. One of the major driving factors for this market is the expected growth in aging population especially those susceptible to coronary and peripheral artery diseases. Since the incidence of these diseases increases with increasing age, this is an important factor responsible for impacting the growth of this market. Over 6,00,000 thousand implants are manufactured every year and bioresorbable stents are expected to replace conventional metal stents in future. Bioresorbable stents are made of naturally dissolving polymer allowing them dissolve in body after a certain period (approximately two years) once the purpose of widening the clogged artery is served. Hence, avoiding the long term risks of restenosis and thrombosis and limiting the usage of is blood thinning medication. Increasing focus on patient registration of bioresorbable stents is another important driver of this market. An expected 15 patients are likely to be filed in coming years. Additionally, increasing clinical trials, growing inclination of physicians and patient to encourage implementation of and high traction in minimally invasive therapy market are some of the other key factors responsible to drive the growth of this market. However, failure of bioresorbable stents in the clinical trials to prove the theoretical advantages which they claim is a major factor that may restraint the growth of this market. Nonetheless, irrespective of this, the perceived benefits of the products yet to be launched are likely to drive the market to over $ 1.5 billion in coming years. The market for bioresorbable stents is segmented by type of materials (polymer based and metal based), regulatory analysis (FDA, PMA and Ce), rate of absorption (Fast and Slow), type of application (Coronary artery and Peripheral artery) and end-user (Hospitals and Cardiac centers and patients). The metal stents are further classified into Iron, Magnesium, Magnesium rare earth alloys and zinc. Coating technologies, critical technology factors such as cytotoxicity and reduced corrosion rate, and technologies based on polylactide, tyrosine polycarbonate and salicylic acid pertaining to polymer based stents are discussed in details. Additionally, patents are extensively studied to give clarity to our clients for taking critical decisions. Other key answers the study intends to provide are- • Why hospitals segment is expected to grow at a faster rate? • What is the impact of failure of if the clinical trials on the market growth rate? • Which companies have a competitive edge? Will Abbot be the market leader in 2023? • Why alloy absorption stent is expected to grow at a higher growth rate? • Which technology is expected to grow at a faster pace and why? • Survey on “Customer Preference on bioresorbable stents”. Some of the major players in this market include Abbott, BIOTRONIK , Arterius Limited, Boston Scientific Corporation, ORBUSNEICH, REVA Medical, Inc., Amaranth Medical, Inc., Elixir Medical Corporation, KYOTO MEDICAL PLANNING Co., Ltd. , Arterial Remodeling Technologies, Boston Scientific Corporation, 480 Biomedical, S3V Vascular Technologies Private Limited and Qualimed. ...

 2/25/2018 |  Healthcare

Data Center Interconnect Market-Global Industry Trends & Forecasts Upto 2023

DCI technology allows the graceful transit of essential assets over short, medium and long distances between data centers. The most effective transport for DCI is high-speed packet-optical connectivity engineered on technological innovations similar to coherent optics. The networking of two or more datacenters to achieve IT business objectives is known as data center interconnect. The interconnectivity provides benefit for synergy by enabling them to share resources and organized them to bring down individual workload. The Data center are interconnected with the support of virtual private network. After the network is connected, all the selected IT resources from the data center can be used. The benefits of DCI are workload sharing, scalability, and connectivity of multiple data within the same industry. Data Center Interconnect Market is expected to grow at a CAGR of 8% during the forecast period 2017–2023. DCI can grow at a moderate rate because of enhanced demand within the bandwidth for traffic, WAN consolidation, and improved Ethernet business services. The major players included in this report are Ciena Corp., Huawei Technologies Co. Ltd., Alcatel-Lucent SA (Nokia), ZTE Corp., BTI Systems Inc., Cisco, Infinera Corp and others. This report offers major trends, industry trends which is going to play a major role in DCI market during the forecasted year. Moreover, this report can also tailored as per the requirement by the users, and also available with deeper segmentation by regions, countries, and vendor profiling. ...

 2/25/2018 |  ICT

Flame Retardant Market by Type Halogenated (Antimony Oxide, Brominated, Others), Non-Halogenated (Aluminum Hydroxide, Magnesium Dihydroxide, Others), by Application (Epoxy, Polyolefins), and by End-use Industry (Building & Construction, Electronics & Appliances, Automotive, Others) – Global Trends & Forecast to 2023 

The total Flame Retardant market is valued at USD 6.8 billion as on 2017 and is anticipated to reach USD 8.8 billion by the end of 2023, growing at a CAGR of 4.5%. Rising urbanization, along with government initiatives to provide affordable housing is expected to drive the demand of these products in construction sector especially in developing nations. Continued robust economic growth and increasing market penetration of flame retardants in industrialized countries, and rising personal incomes is further expected to increase the demand of flame retarded plastic products. In 2017, Asia-Pacific region accounted for the largest market share in global flame retardant market accounting for more than 50% market share. It is further expected to grow at the fastest CAGR owning to growing use of flame retardants in China and India followed by Thailand. The demand of flame retardant in North America will rise at a faster pace as compared to other developed regions mainly due to reviving construction market of the US. [<<img 6.png>>] In 2017, Non-halogenated flame retardants market accounted for largest market share of 60% in terms of volume. This product segment is further expected to witness a highest CAGR of 6% in the forecast period owing to high regulations aimed at phasing out halogenated flame retardant usage. Aluminium hydroxide (ATH) accounted for the highest market volume within the non-halogenated product segment at 1 million tons in 2017, and is further expected to grow at an estimated CAGR of 5% during the forecast period. Electrical & electronics segment is the leading end-user industry of flame retardants with a market of 40% in 2017 and is further expected to witness a highest CAGR of 5% during the forecast period 2018 to 2023. Building & Construction end-user industry is projected to grow at a CAGR of 4.0% from 2018 to 2023 due to high use of flame retardant infused materials in structural insulations and elements. Major market leaders are acquiring small companies to increase their footprint in the respective region. Companies are focusing more on product innovation to gain market share. Some of the market players active in the industry include Albemarle, BASF ICL, Chemtura, Clariant International Ltd., Italmatch Chemicals, Huber Engineered Materials, BASF, Thor Group Ltd., & DSM. ...

 2/25/2018 |  Chemicals & Materials

Advanced Phase Change Material (PCM) by Type (Organic, Inorganic and Bio-based), Application (Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others) – Trends & Global Forecast to 2023

The total advanced PCMs market is valued at USD 900 million as on 2017 and is likely to reach USD 2,192 million by the end of 2023, growing at a CAGR of 16%. Growing concerns towards energy saving processes, sustainable development, increasing demand of biodegradable materials, and advancement in packaging science is driving the market for advanced PCMs globally. However, presence of harmful chemicals in PCMs and lack of government inventiveness and encouragement for the use of PCM products is to remain a major challenge for the advanced PCMs industry in near future. In 2018, Europe accounts for the largest market share in advanced PCMs market followed by North America and Asia-Pacific. Growing construction activities in developing nations such as China, India, and Brazil is the main driver for the demand of PCM products. The governments in these nations is in a process of adopting environment-friendly legislation, which will further drive the demand of these products in these regions Also, continuous efforts of developed nations such as the US, EU-27, and Japan to save energy by optimizing the use of fossil fuels is further driving the use of PCM products in various applications. [<<img 2.png>>] PCMs are broadly segmented into inorganic PCMs, organic PCMs, and bio-based PCMs. Organic PCMs are further classified as paraffin and non-paraffin materials, whereas inorganic phase changed materials segmented into salt hydrate and metallic. Bio-based advanced PCMs are mostly derived from plant oil or animal fat and poses higher biodegradability. Organic PCMs holds the largest market share in terms of value due to their high price. However, inorganic PCMs have the high consumption in terms of volume. Growing environment concerns and stiff regulation towards biodegradability, is expected to drive the demand of bio-based PCMs in coming years. In 2017, building and construction is the largest application of PCMs due to their high use in building and construction activities especially in cooling buildings which in turn has arisen due to the shift from heavy thermal mass design to lightweight architecture. However, textile application is expected to have the highest CAGR of 25% from 2017 to 2023. Market Players in PCM market adopt commonly adopting marketing strategies to position their products, which includes advertising PCM products as being cost and energy efficient and environmentally friendly products. Some of the key strategies and expansion plans adopted by top market players include joint ventures, investments, acquisitions, and collaboration with universities and research institutes to develop new products. Some of the major market players active in the industry include Outlast Technologies, CSafe Global, Dow Chemicals, DuPont BASF, Henkel, and Entropy Solutions. ...

 2/24/2018 |  Chemicals & Materials

Global Automation Market by (Discrete & Process Industries ), By type (DCS,PLC,MES,SCADA,HMI,ECU & Others), Industry (Oil and Gas, Water & Waste water, Power generation, Chemicals, Marine , Automotive & others) - Global Trends & Forecasts Upto 2023

Industrial control and factory automation is the convergence of smart mechanical technologies with information technology. Organizations across process as well as discrete industries use industrial control and factory automation solutions to improve operational efficiency and minimize or reduce human intervention. The market is mainly driven by the adoption of IoT and advancement in M2M communication technology, as they help manufacturers to better analyze the real-time data and act accordingly for predictive maintenance. The adoption of advanced manufacturing practices in the U.S. and a few countries in Europe and growing demand of robotics and other automation technologies in emerging economies such as China is expected to create growth opportunities for the industrial control and factory automation market in near future. The increasing end user investments in the field of monitoring, visualization, and control equipment, enhances the global SCADA market growth and transform into an indispensable part of industrial automation. However, the future of factories and enterprises depends largely on how the next generation SCADA is designed and deployed across complex industrial applications. The adoption SCADA is increasing with the emergence of smart manufacturing. In addition, there is a paradigm shift towards application development that helps in better control and communication among different devices. Such apps are enabling operators to remotely monitor and modify important data of key parameters such as pressure, temperature, and flow among others, via smartphones and tablets. One such app is ProSoft i-View introduced by ProSoft Technology Inc. (U.S.), which provides real-time remote SCADA and process control capability for plant operators. The product works with the Ethernet/IP or Modbus TCP/IP networks and can display live process control values in a list format, including user-established variance allowances with realtime alarms and notifications. The technological developments in SCADA system and its deployment through integration of other solutions enabled the manufacturers to have more opportunities. This emerging trend is increasingly becoming evident with globalized service support and cost factors playing a crucial role. The key players operating in this segment include ABB Limited (Switzerland), Rockwell Automation Inc. (U.S.), and Schneider Electric (France), among others The Americas accounted for the largest share of the industrial control and factory automation market in 2017. This large share can be attributed to the presence of major vendors of industrial control and factory automation products and the adoption of these products by a large number of end users in the region. The market in Asia-Pacific is expected to grow at the highest CAGR from 2017 to 2023, and accounted for a share of major of the industrial control and factory automation market in 2017. The growth of the industrial control and factory automation market in Asia-Pacific is driven by the growing industrial sectors in China and India. Furthermore, the adoption of factory automation products in China is increasing, as a large number companies operational in the automotive sector have set up their manufacturing plants in the country. Factory automation solutions are being rapidly adopted by several manufacturers in the automotive sector for faster production process, improved operational efficiency, and reduced of complexity of the production process. Major companies operational in the industrial control and factory automation market include Siemens AG (Germany), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Yokogawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), and ABB Ltd. (Switzerland)Smart Home technology moving towards connected systems from connected devices. ...

 2/24/2018 |  Semiconductors

Agricultural Films Market by Type (HDPE, LDPE, LLDPE, EVA and Reclaim PE), Application (Green House, Plastic Tunnels, Mulch films, Silage Films) and By Color (Transparent, Green, Yellow, Black and Silver) - Global Forecast to 2023

The global agricultural films market was valued at $ 8.3 billion in 2017 and is expected to grow at 6.0% CAGR during 2017-2023 and reach at $ 11.2 billion 2023. The increasing drought affected land, decreasing arable lands and growing demand of the food, fruits and vegetables are the primary factors for the growth of agricultural films market. In terms of types of agricultural films, Linear Low Density Polyethylene (LLDPE) agricultural film is expected to account for the largest market share and is projected to lead the market over the forecast period. LLDPE film is highly demanded by the consumers because of its moisture barrier, mechanical properties, high resistance of sunlight and optical properties. LLDPE and LDPE are in high demand in Asia Pacific region due to the scarcity of water. High Density Polyethylene (HDPE) and Low Density Polyethylene (LDPE) and Ethylene Vinyl Acetate (EVA) are other popular agricultural films. Mulch film was the largest market segment in 2017 and is expected to grow at highest growth during the forecast period. The mulch films are highly suitable for the supressing the weed growth, regulating and conserving the soil moisture and maintaining a good root zone. Greenhouse films are expected to grow at 10.6% CAGR over the forecast period. Rising demand for flowers and vegetables in resulting in growth of floriculture & horticulture. Coupled with demand of greenhouse films in floriculture & horticulture, adverse climatic conditions are expected to result in market growth of agricultural films. In terms of colors, black, black/white and black/silver are the most demanded color in mulch film. Black mulch films are highly resistant to sunlight and controls the weed growth. Transparent is the most preferred color in greenhouse films and plastic tunnels. The transparent or clear agricultural film provides the fruits and vegetables from frost, rain, snow and wind, the controlled exposure of sunlight helps vegetables and flowers to ripen faster. Asia Pacific was the leading region in 2017 and is expected to remain a market leader over the forecast period. Increasing government initiatives in many countries such as India, China for research and development of protected agricultural practices are the major factors for driving the market growth in the region. China is estimated to be the fastest growing country in agricultural films over the 2023. North America and Europe are expected to witness an average growth during 2017-2023 due to the stringent regulations regarding the usage and disposal of the agricultural films. Many companies are working closely with the farmers and consumers to address the need and desired qualities in agricultural films. In 2016, BASF launched a bio-degradable premium-polymer “ecovio”. The ecovio films can be ploughed back into the soil, where they biodegrade which saves time and in money. Some of the other important players operating in agricultural film market are BASF, Kuraray, Essen Multipack, Ginegar Plastics, AT Films, Berry Global, Plastika Kritis S.A., Trioplast Industrier AB , Coveris, Britton Group Limited, Agri Plast Tech India Pvt. Ltd., Plastik V SDN BHD, Ab Rani Plast Oy, Grupo Armando Alvarez, The DOW Chemical Company, RPC Group PLC, Rival Tech China and Shandong Shouguang Longxing Agricultural Film Co., Ltd. ...

 2/24/2018 |  Chemicals & Materials

Microspheres Market, By Type (Hollow, Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, Metallic), Application (Construction Composites, Pharmaceuticals &, Cosmetics, Automotive, Oil & Gas) – Global Market Trends & Forecasts Upto 2025

The microspheres market is estimated to account for $ 4.3 billion in 2017, and is projected to grow at a CAGR of 8.5% to reach $ 7.0 billion by 2023. The superior structural properties of microspheres led to its increase in demand in existing and emerging applications which is driving the microspheres market globally. Growing need for advanced drug delivery systems and drug carriers is expected to be a major factor for the growth of microspheres over the forecast period. The major restraints and challenges observed in this market are volatility in raw material prices, high cost of production, and high investments in R&D. The opportunities for players in the microspheres market lies in exploring the demand from infrastructure development and expansion of healthcare segment in emerging economies of Asia-Pacific. Hollow microspheres account for the largest share in the microspheres market with respect to types, followed by solid microspheres. The properties of hollow microspheres such as low crush strength, density, and absorption makes them a popular choice thus driving their demand globally. However, the application of solid microspheres depends on their size. [<<img 7.png>>] On the basis of raw material, microspheres market can be classified as glass microspheres, polymer microspheres, ceramic microspheres, fly ash microspheres, and metallic microspheres. In 2017, Glass microspheres account for the largest share and is expected to continue as the largest segment during the forecast period. Glass microspheres are preferred owing to their excellent properties such as lower viscosity, high melting point, and high chemical resistance in comparison to its counterparts. This has led to its increasing demand across high-value and growth industries such as automotive, biomedical, life sciences application, microscopy, and high-tech equipment and specialty. Ceramic microspheres find vast applications in coatings segment as they posses high crush strength and hardness thus enhancing the durability of coatings. In the applications segment, microspheres market is dominated by the construction composites application. The expansion of the construction industry in the emerging economies such as India and China drives the demand for microspheres in the construction composites application. Pharmaceuticals & healthcare application is expected to be the fastest growing among all applications during the forecast period i.e. 2018-2023. This is owing to the increased investments in R&D of the drug delivery systems which will contribute to the growing demand of microspheres. Steady growth is expected in Cosmetics and Paint & Coatings industry across emerging economies. Increasing demand for light-weight materials, syntactic foams, and ablative materials is anticipated to drive the microspheres demand in aerospace applications. In 2017, North America is the largest market for microspheres and is estimated to account for about 42.0-45.0% of the total microspheres market. It is followed by Europe and Asia-Pacific at second and third rank, respectively. North America is anticipated to continue as the largest market for microspheres as it is the home of the major players, namely 3M, Momentive Performance Materials, Chase Corporation, Potters Industries, Luminex Corporation, and Mo Sci Corporation. In addition, growing demand from medical applications and R&D activities for development of effective medicines is driving the North America microspheres market and the trend is expected to prevail during the forecast period. Asia-Pacific will be the fastest growing market for microspheres during the forecast period. It is also anticipated that demand for microspheres will increase in years to come primarily due to deployment of microspheres in the construction composites owing to super structural properties. As this is a high capital intensive industry involving high investments in R&D, to manage the costs and maintain the profits is an uphill task for all the players in the microspheres market. In such a case, potential collaborations and leveraging the resources is the optimum strategy adopted by the market players. The key players include 3M, AkzoNobel N.V., Momentive Performance Materials Inc., Trelleborg AB, Potters Industries LLC, Sigmund Lindner GmbH, Matsumoto Yushi-Seiyaku Company, Chase Corporation, and Mo-Sci Corporation among others. ...

 2/24/2018 |  Chemicals & Materials

3D Printing Medical Devices Market By Components (Software, Services), Equipment (3D Printers, 3D Bioprinters), Materials (Plastics, Metal & Metal Alloys Powder, Bioprinting Biomaterials), Technology (Electron Beam Melting, Laser Beam Melting, Photopolymerization, Droplet Deposition (DD) - Global Market Trends Upto 2025

The global 3D printing medical devices market is expected to reach $ 1.9 Billion by 2023 from $ 0.9 Billion in 2018, at a CAGR of 18.0% during the forecast period, 2018-2023. Medical equipment is expensive and result in an increased healthcare spending. According to the Advanced Medical Technology Association, in 2013, the estimated total spending on medical devices and in-vitro diagnostics in US was $ 171.8 billion i.e. 5.9% of the of total national health expenditures. This is one of the major drivers for the 3D printing devices market as, 3D printing splints, medical models used before surgeries or other necessary items of care help in cutting healthcare cost to a great extent. Considering this, the medical device industry is rapidly adopting 3D printing technology to introduce novel products that are revolutionizing medical device design and manufacturing. 3D printing in medical field has resulted in both clinical and innovative advancements. Additive manufacturing technologies have been applied to medical equipment, prosthetics, dental products, bio printing, and pharmaceuticals. However, in order to be able to be used for clinical applications, these technological advancements require a FDA approval. However, recently the FDA issued guidelines speed up the approval process for companies engaged in the development of these technologies. Additionally, these companies are also likely to be entitled to research and development tax credits to balance the cost associated with testing, process improvement, and production. These are some of the important factors responsible for driving the growth of this market. However, some of the factors like socio-ethical concerns related to the use of 3D-Printed Products and the complex process involved in this are likely to restraint the growth of this market. Irrespective of these restraints the market is likely to grow to reach nearly 1.9 billion by 2023. The market for 3D printing medical devices is segmented on the basis of components (software and services), equipment (3D printers and 3D bioprinters), materials (plastics, metal & metal alloys powder, bioprinting biomaterials, and others), by technology (electron beam melting, laser beam melting, photopolymerization, droplet deposition (DD) or extrusion-based technologies, and three-dimensional printing (3DP) or adhesion bonding or binder jetting). The 3D-printed medical products market is further segmented based on type (surgical guides, surgical instruments, prosthetics & implants, and tissue engineering products). Some of the key answers the study intends to provide are- • Why 3D printing equipment segment is expected to grow at a faster rate? • What are the impacts of the regulatory environment? • Which companies having an edge? • What are the latest technology trends? Some of the major players dominating the market are Stratasys Ltd., Envisiontec GmbH, 3D Systems Corporation, EOS GmbH Electro Optical Systems, Renishaw plc, Materialise NV, Arcam AB, 3T RPD Ltd. Concept Laser GmbH, Prodways Group, Carbon, Inc., SLM Solutions Group AG, Organovo Holdings, Inc. Biomedical Modeling Inc. and Anatomics Pty Ltd. ...

 2/23/2018 |  Semiconductors

Aerogel Market by Raw Material (Silica, Alumina, and Carbon), By Form (Blanket, Panel, Block, and Others), By Application (Building Insulation, Oil & Gas, Apparel, Others) – Market Trends and Global Forecast up to 2023

The total aerogel market is valued at $ 800 million as on 2017 and is likely to reach $ 3,125 million by the end of 2023, growing at a CAGR of 25%. In the coming years, aerogel market is expected to grow bolstered by growth in the end-user industries such as oil & gas, automobile, and marine & aerospace. High insulation properties of aerogel and cheap & abundant availability of the raw material are some of the factors driving the use of aerogel in these end-use industries. Easy installations of aerogel in insulation application, followed by reusable and recyclable properties of aerogel further add value to its end-market. However, high production cost still remains a major challenge for the aerogel industry. Based on the raw material, aerogel market is segmented into carbon, alumina and others. In 2017, Aerogel market was dominated by silica aerogel, which is used in all major applications, such as oil & gas, building insulation, automotive, aerospace, electronics, and others. Silica aerogel accounted for more than three fourth of market share in the aerogel industry, in 2017. However, the demand of carbon aerogel is expected to register the highest growth due to growing application of carbon aerogel in electronics, semiconductor and super capacitors applications. [<<img 1.png>>] Oil & gas segment is the largest application of aerogel in 2017, followed by building insulation. Rising demand of advanced insulation materials in the oil & gas application is fueling the growth of the aerogel market globally. Industry players are adopting various strategies such as new product launch, partnership, and expansion to increase their presence in the competitive market. Some of the major companies active in the industry include Aspen Aerogel Inc., Cabot Corporation, American Aerogel Corporation, Svenska Aerogel AB, BASF SE, Dow Corning Corporation, Airglass AB, JIOS Aerogel, Active Aerogels, and Acoustiblok UK Ltd. Strong technological set-up has made North America the largest market for aerogel followed by China. Aerogel finds high application in space suits developed by National Aeronautics and Space Administration (NASA) in the United States. Countries like Brazil, Germany, and UK are few other markets for aerogel. Asia-Pacific and Europe is expected to register high growth due to their increasing research activities in innovation and new application areas. ...

 2/23/2018 |  Chemicals & Materials