Press release
Vibration Damping Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
The global Vibration damping chemicals market is segmented on the basis of function type, application, and end user industries. On the basis of function type, the market is segmented into unconstrained damping, constrained damping, and tuned visco-elastic damping. On the basis of application, the global market is segmented into emulsions, polycarboxylic acid ammonium salt, anti-foaming agents, propylene glycol, calcium carbonate, mica, polyacrylic acid ester, and others. On the basis of end user industries, the market is segmented into automobile industry, healthcare industry, firearm industry, electronics industry, power tools industry, and other industries.
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Global Vibration Damping Chemicals Market Taxonomy
The global vibration damping chemicals market is classified on the basis of the following segments:
Function Type
Unconstrained damping
Constrained damping
Tuned visco-elastic damping
Application
Emulsions
Polycarboxylic acid ammonium salt
Anti-foaming agents
Propylene glycol
Calcium carbonate
Mica
Polyacrylic acid ester
Others
End User Industries
Automobile industry
Healthcare industry
Firearm industry
Electronics industry
Power tools industry
Other industries
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Prevalent Scenario in Vibration Damping Chemicals Market
Increasing industrial activities and industrial applications are driving the demand for vibration damping chemicals across the globe. Increasing demand for durable products is also expected to boost the demand for these vibration damping chemicals. End user industries such as automobile and healthcare utilize vibration damping chemicals in a large scale. Various components and equipment in these industries are freed of vibration by applying these chemicals. Minimizing or eliminating vibrations from these equipments is vital for their efficient operations and durability. Currently, North America and Europe are leading markets for vibration damping chemicals. Various laws and standards are set in these regions to monitor the manufacturing the application of vibration damping chemicals. The U.S. is one of the leading markets for vibration damping chemicals. The U.S. has large scale industrial activities which have further boosted the demand for vibration damping chemicals. Canada is also emerging as a growing market for vibration damping chemicals owing to its oil & gas and other industrial activities. In Europe, vibration damping chemicals market is dominated by Germany, Russia, France, the U.K., and Italy among others. Germany is one of the leading markets for vibration damping chemicals owing to presence of major automobile manufacturers in the country. Other high-end industries in the country also contribute to drive the demand for vibration damping chemicals in Germany. Russia has a range of firearm industries, oil & gas industries, and power tools industries among others which drive the demand for vibration damping chemicals in the country. France and Italy are also industrial economies which boost the demand for vibration damping chemicals in this region.
Future Outlook in Vibration Damping Chemicals Market
North America and Europe are mature markets for vibration damping chemicals. However, Asia Pacific is expected to gain major market share during the forecast period owing to increasing industrial activities in the region. Counties such as China, India, Malaysia, Thailand, South Korea, and Japan among others are expected to drive the vibration damping chemicals market in Asia Pacific. China is expected to play a major role in global vibration damping chemicals industry owing to its large scale industrial manufacturing hub. China has numerous electronics industries, power tools industries and hand held tools industries among other industries which are expected to boost the demand for vibration damping chemicals in the country. India is also expected to drive the market of vibration damping chemicals with increasing activities in automobile and healthcare industries. Countries such as South Korea and Japan have electronics industries, automobile industries, and other industries which are expected to drive the demand for vibration damping chemicals during the forecast period. Thailand, Singapore and Malaysia are expected to be other prominent markets for vibration damping chemicals in Asia Pacific during the forecast period owing to increasing industrial activities in these countries. Middle East & Africa has witnessed steady rise in industrial, activities. Various companies have setup their manufacturing plants in Africa which is expected to boost the demand for vibration damping chemicals in this region.
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Market Driven By R&D
The global vibration damping chemicals market is driven by research and development and new product development by leading companies. Companies are implementing various strategies to improve their market share in global vibration damping chemicals industry. Some of the major companies operating in the global market include Enidine, KTR, REER, Stenflex, Vibrostop, Dictator, Tiflex, Fabreeka, Stabilus, Berg, Mupro, and Axon among others.
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