Hydroxyl-Terminated Polybutadiene Market Top Manufactures, Market Demands, Segmentation and Key Players Analysis Research Report 2024
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On the basis of end use industry, the hydroxyl-terminated polybutadiene market is classified into construction and civil engineering, aerospace and defense, automotive, electrical and electronics, and others. The aerospace and defense is expected to grow at the fastest growth rate in the coming years. This is attributed to its superior properties such as, it is stronger and more flexible, good mechanical properties, offer long burn time as compared to polybutadiene acrylic acid acrylonitrile.
The major growth drivers identified in the hydroxyl-terminated polybutadiene market are the rising investment in space technologies around the globe and growing aerospace and defense industry. The rising investment in space technologies by countries such as the U.S., China, and India is expected to drive the market growth. For instance, in 2018, Indian rocket has launched 31 satellites in orbit. Number of such programs and launches are carried out by various countries, and are encouraging the governments to invest in this space, resulting in market growth.
North America held the largest share in the hydroxyl-terminated polybutadiene market. During the forecast period, the North American market is expected to remain the largest consumer, owing to the increasing usage of the polymer in the various applications areas including aerospace and defense, construction and civil engineering.
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High price is identified as main restraints in the hydroxyl-terminated polybutadiene market, which is expected to hinder the market growth in the coming years. The high price of the polymer is significantly higher as compared to solid polybutadiene rubber, which is expected to directly affect it usage by small manufacturers. The usage will get affected in the price sensitive applications and may also restrict its usage. Along with that, the fluctuation in the raw materials price such as butadiene monomer is also expected to hinder its growth, as this makes it even more costly than other conventional polymers.
Some of the major players operating in the global hydroxyl-terminated polybutadiene market are CRS Chemicals, Emerald Performance Materials LLC, Total Cray Valley, Evonik Industries AG, Aerocon Systems Co., RCS Rocket Motor Components Inc., Zibo Qilong Chemical Industry Co. Ltd., and Mach I Inc.
04-24-2019 02:39 PM CET - Advertising, Media Consulting, Marketing Research
Retro Reflective Materials Market 2024- Market drivers, Growth Rate, Risks, Opportunities, Import/Export, Manufacturers
Press release from: P&S Intelligence
Globally, there has been a growing concern on promoting the safety of roads and construction activities. Retro reflective material is one such material which addresses this concern as this material is basically a reflective material used in enhancing the reflectivity of traffic signs, high-perceivability clothes, and different items during night time so they are securely be seen in the light of an approaching vehicle.
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Fast growing emerging nations are expected to offer huge growth opportunities for retro reflective materials market. Due to the expansion of construction and infrastructure sector in the emerging nations, there is an increased demand for safe construction products which is resulting in innovations and developments of new retro-reflective materials. Also, growing demand for automotive and transportation in these nations due to increasing sales of vehicle at a significant pace is expected to assist the growth of retro reflective materials market.
Based on product type, the retro reflective materials market is categorized into films, sheets & tapes, paints, inks & coatings, and others. Among all the product types, films, sheets and tapes expected to remain as the largest segment during the forecast period. The growth of the films, sheets, & tapes segment will comprise the various application area, which serves different industries, namely, apparel, construction and infrastructure, and automobile and transportation.
APAC is one of the most lucrative regions in the retro reflective materials market. The rising demand of the material in countries such as Japan, India and china for the construction & infrastructure and automotive & transportation industries will lead to the growth of the retro-reflective materials market in APAC. The retro reflective materials market is expected to grow at the highest CAGR from 2018 to 2023 in the APAC, in terms of revenue, due to the rise in construction projects in the APAC.
On the basis of application, the retro reflective materials market is categorized into traffic control and work zone, conspicuity, fleet and vehicle registration, personal safety, and others. Among all the applications, the traffic control and work zone category is expected to lead the retro-reflective materials market during the forecast period, in terms of value. The increasing usage of reflective materials in construction industry will also result in growth of the traffic control and work zone category. Traffic control and work zone application uses reflective materials on highways, and at construction sites, including warning signboards, traffic control, and signboards.
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Some of the major players operating in the retro reflective materials market are 3M, Avery Dennison Corporation, Orafol Europe GmbH, Coats Group plc, Nippon Carbide Industries Co., Inc., Baihe Group, Asian Paints PPG Pvt. Limited, REFLOMAX Co., Ltd., JRC REFLEX, and Aura Optical Systems, L.P.
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