Tow Prepreg Market

Tow Prepreg Market worth $440 million by 2026

The report Tow Prepreg Market by Resin Type (Epoxy, Phenolic), Fiber Type (Carbon, Glass), Application (Pressure Vessels, Scuba Tanks, Oxygen Cylinders), End-Use Industry, and Region (North America, Europe, APAC, MEA, & Latin America) – Global Forecast to 2026″, is expected to grow from USD 250 million in 2021 to USD 440 million by 2026, at a CAGR of 12.0% during the forecast period.

Owing to superior properties offered by tow prepregs such as excellent mechanical properties and advantages over wet winding process,  the tow prepreg market is expected to witness significant growth during the forecast period. In addition to this, the growing demand in automotive and aerospace industries is also propelling the growth of the market.

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However, the outbreak of COVID-19 has created ripples in various end-use industries, leading to reduced demand for tow prepreg. Due to the lockdown scenario in Europe and North America, the demand for tow prepreg from end-use industries such as aerospace & defense, automotive & transportation, oil & gas, and others have declined sharply in the first quarter of 2020.

Pressure vessels application to have the largest market share in the tow prepreg market during the forecast period.

Tow prepregs are widely used in the manufacturing of type-3 and type-4 cylinders. These cylinders offer numerous advantages over other cylinders regarding weight reduction, longer lifespan, and excellent tensile strength. A pressure vessel is primarily used in the oil & gas industry. However, since the past few years, aerospace & defense and automotive & transportation are also shifting towards the use of composite pressure vessels, which in turn is augmenting the demand for tow prepreg in the pressure vessels application.

The tow prepreg pressure vessels consist of a thin, non-structural linear wrapped in fiber composite designed to hold fluid under pressure. In the oil & gas industry, pressure vessels are used in both upstream and downstream operations. The growing use of these vessels in the oil & gas and other chemical industries is driving the market.

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The oil & gas end-use industry segment is expected to account for the largest share in the tow prepreg market during the forecast period, in terms of value.

Oil & gas is one of the world’s largest industries. Globally, in terms of value, oil & gas exports were higher than 30% of the total global exports. FRP tanks are widely used in the oil & gas industry for storage, and nowadays, tank manufacturers are increasingly manufacturing these tanks using tow prepregs through the filament winding process. These storage tanks have high strength and long life to avoid the need for early replacement. Using tow prepreg-based tanks instead of steel tanks helps increase the durability of the tank and reduces the cost of replacement. Therefore, the increasing need for pressure vessels and tanks in this industry will drive the market growth of tow prepreg market.

Europe region to account for the largest market share in the tow prepreg market during the forecast period.

Europe was the largest tow prepreg market, in terms of value, in 2020. The increasing use of tow prepreg in applications such as pressure vessels, scuba tanks, and other applications is expected to provide new growth opportunities to the market. Furthermore, high economic growth, growth in manufacturing industries, and presence of major tow prepreg manufacturers are some of the key factors driving the tow prepreg market in Europe.

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The key players in the market include TCR Composites (US), SGL Carbon SE (Germany), ENEOS Holdings, Inc (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber and Composites, Inc (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (England), Vitech Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc (Japan), and 3M (US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the tow prepreg market.

Tow Prepreg Market
Tow Prepreg Market  – Global Forecast to 2026
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Extruders Market

Extruders Market worth $11.5 billion by 2026

The report Extruders Market by Extruder Type (Single-Screw, Twin-Screw, Ram), End-use Industry (Building & Construction, Transportation, Consumer Goods), and Region (APAC, North America, Europe, South America, and Middle East & Africa) – Global Forecasts to 2026″, The market is projected to reach USD 11.5 billion by 2026, at a CAGR of 4.4% from USD 9.3 billion in 2021. This growth is primarily triggered by the increasing demand from the building & construction industry. APAC is the largest extruders market due to the stringent industrial standardizations pertaining to the high growth of the building & construction industry in the emerging countries such as China, India, Japan, and South Korea. The region is estimated to be the most populated in the world, which creates immense opportunity for the extruders market to grow.

Single-Screw Extruder is the largest extruder type of extruders market.

The Single-Screw extruders are expected to continue to account for a leading share during the forecast period, owing to their low maintenance cost and flexibility in extruding common materials, such as HDPE, LDPE, PP, and polycarbonate. Single-Screw extruders are used for manufacturing products, such as extruded sheets, films, pipes, fibers, and profiles. The increasing use of plastic-based products in end-use industries, such as building & construction, consumer goods, medical, agriculture, and transportation, are driving the demand for Single-Screw extruders, globally.

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Building & Construction is estimated to be the largest end-use industry of the extruders market during the forecast period.

Building & Construction is the largest end-use industry of the extruders market; in terms of value, in the global market in 2020. The demand for extruders in this industry is expected to increase mainly due to growing infrastructure spending in developing economies, such as China, India, Brazil, and the Middle Eastern countries. Extruders are used for manufacturing products, such as insulations, soffits, pipes, cable sheathing, architectural framing, door & window frames, shop fronts, and wall cladding, which are used in interior and exterior foundations in the building & construction industry. The growth of the building & Construction end-use industry is primarily triggered by the huge demand from the APAC region.

APAC is estimated to be the largest market for extruders during the forecast period.

APAC is the largest market for extruders, followed by North America and Europe.  The region is an emerging market for extruders, and it is mainly attributed to a high economic growth rate, followed by heavy investment across industries such as oil & gas, automotive, infrastructure, chemical, steel, and military, among others. With economic contraction and saturation in the European and North American markets, the demand is shifting to the APAC region. The high economic growth in the emerging countries and increasing disposable income of people in the region make APAC an attractive market for extruders. The increasing population and growing demand for various extruded products in APAC are primarily responsible for the high demand for extruders in the region.

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The key market players profiled in the report include The Japan Steel Works Ltd. (Japan), Hilenbrand Inc. (US), Shibaura Machine Co. Ltd (Japan), KraussMaffei Group GmbH (Germany), Battenfeld-Cincinnati (Germany), NFM (US), Clextral (France), and Leistritz AG (Germany) among others.

Extruders Market
Cast Elastomers Market

Cast Elastomer Market worth $1.8 billion by 2026

The report Cast Elastomer Market by Type(Hot Cast Elastomer, Cold Cast Elastomer), End-use Industry (Industrial, Automotive & Transportation, Oil & Gas, Mining), and Region (APAC, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2026″, size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period. The growing demand for cast elastomer from high-value end-use industries such as automotive & transportation, oil & gas, and mining, as well as rapid industrialization in emerging economies are the major drivers for the market. Superior properties than conventional materials such as high load-bearing capacity, high resilience, high impact strength, high abrasion resistance, and excellent resistance to oil and grease are also driving the market for cast elastomer.

Based on type, hot cast elastomer is estimated to be the largest market in the overall cast elastomer market in 2021.

The hot cast elastomers segment is the largest and is also projected to continue this trend till 2026. The main growth driver of the high consumption of these cast elastomers is owing to their properties such as cost-effectiveness, versatility, and durability. Hot cast elastomers are used in end-use industries such as oil & gas, mining, and automotive & transportation. Increasing demand in these end-use industries such as automotive, oil & gas, and others is expected to support the growth of the hot cast elastomer segment during the forecast period.

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Based on end-use industry, industrial is expected to be the largest cast elastomer segment in 2021.

Industrial segment is the largest end-use industry for cast elastomers. The high demand in this segment is attributed to its wide variety of applications in the industrial sector. Increasing number of industries and machinery is assisting in boosting the demand for cast elastomers in this sector. Cast elastomers are used in the industrial sector in a wide range of applications such as coupling elements, seals & gaskets, conveyor belts, forklift wheels, and others. These components are in turn used in various sectors such as paper, construction, heavy industries, and others. Growing demand for energy efficient and environment friendly equipments is also expected to affect the cast elastomers market in a positive manner.

Based on region, APAC is projected to grow the fastest in the cast elastomer market during the forecast period.

APAC is the fastest-growing market for cast elastomers. This is primarily attributed to developing economies, such as India, China, Indonesia, Malaysia, Thailand, and others in the region, where demand for industrial machineries and equipments is growing rapidly. Additionally, increase in population and growing urbanization are also driving the market and increasing cast elastomer utilization. In addition, progress in industrialization, increasing demand due to changing demographics, and government initiatives are expected to attract business investments in industries such as power, oil & gas, metal processing, construction, and mining are also driving the market for cast elastomers in the region.

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The key players in the cast elastomer market include Covestro AG (Germany), Huntsman Corporation (US), Lanxess  (Germany), Dow (US), BASF (Germany), Tosoh Corporation (Japan), Mitsui Chemicals, Inc. (Japan), and Era Polymers (Australia). These players have established a strong foothold in the market by adopting strategies, such as new product launches, investment & expansions, agreement & collaboration, and mergers & acquisitions.

[148 Pages Report] The global cast elastomer market size is projected to reach USD 1.8 billion by 2026 from USD 1.4 billion in 2021, at a CAGR of 5.0% during the forecast period.
Cast Elastomer Market
Textile Chemicals Market, textile auxiliaries chemicals, textile chemical

Textile Chemicals Market worth $33.1 billion by 2026

The report “Textile Chemicals Market by Fiber (Natural, Synthetic), Product Type (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Desizing Agents, Surfactants), Application (Apparel, Home Textile, Technical Textile) & Region – Global Forecast to 2026“, The global Textile Chemicals Market is estimated to be USD 26.5 billion in 2021 and is projected to reach USD 33.1 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. Thedriving factor for the Textile Chemicals market is chemicals is growing demand for technical textiles. Also growing adoption of low VOC and biodegradable materials for textile manufacturing is expected to provide lucrative opportunities for the growth of textile chemicals.

Coating & Sizing Agents is expected to be the fastest-growing by product type in the Textile chemicals market during the forecast period.

Coating & Sizing Agents is the fastest-growing product type segment in the Textile chemicals market. In the process of sizing, various types of materials are applied to the yarn. It is a procedure carried out by applying a protective adhesive coating on the yarn. The main objective of sizing is to provide strength and glaze to the yarn. This improves the weaving efficiency by reducing yarn breakage. Coating is the process of depositing a polymeric layer on one or both sides of the textile substrate which enhances the functional properties. The chemicals used for sizing of yarns and textile coatings are called coating & sizing agents, which constitute an integral part of textile chemicals.

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APAC is expected to hold the largest market share in the global Textile chemicals market during the forecast period.

APAC accounted for the largest share of the Textile chemicals market in 2020. The Textile Chemicals market in APAC is driven by the demand from countries such as China, Japan, and India. Rapid industrialization, mainly in emerging economies such as China and India, has been one of the major factors driving the global Textile Chemicals market. The region’s strong industrial base and the growing middle-class populations have driven the demand for a variety of textiles such as technical textiles, home textiles, and apparel. Apart from this, favorable government policies, as well as low labor costs in countries such as India, Vietnam, and Bangladesh, are further strengthening the textile industry in these countries. Low production cost in these countries and huge installed textile production capacity in countries such as China has further attracted many international textile players in the region. This is expected to drive the demand for textile chemicals in the region.

Dow, Inc. (US), BASF SE (Germany), Wacker Chemie AG(Germany), Huntsman Corporation(US), Solvay (Belgium) among others are the leading Textile chemicals manufacturers, globally.

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Textile Chemicals Market, textile auxiliaries chemicals, textile chemical
Textile Chemicals Market
Fire-Resistant Cable Market, fire resistant cable construction ,fireproof electrical cable, fire resistant cable, XLPE cable market, PVC cable market, EPR cable market, LSZH cable market, SiR cable market, cross linked polyethylene cable market, fire proof cables market, fire performance cables market, fire survival cables market, flame retardant cable market

Fire-Resistant Cable Market worth $2.1 billion by 2026

The report Fire-Resistant Cable Market by Insulation Material(EPR, LSZH, PVC, XLPE), End-use Industry(Automotive & Transportation, Building & Construction, Energy, Manufacturing), and Region(North America, Europe, APAC, MEA, South America) – Global Forecast to 2026″, size is projected to grow from USD 1.8 billion in 2021 to USD 2.1 billion by 2026, at a CAGR of 3.3% from 2021 to 2026. The market is projected to grow in accordance with the increasing awareness regarding fire safety, rapid pace of industrialization and urbanization, and the implementation of fire safety regulations by governments across the globe. Furthermore, the fire-resistant cable market has witnessed a significant increase in demand from building & construction industry, owing to the growing requirement for public safety from fire incidents.

In terms of value & volume, XLPE is estimated to lead the fire-resistant cable market in 2020

XLPE, by insulation material, accounted for the largest market share in the fire-resistant cable market. High thermal short circuit rating, excellent electrical property maintained under full temperature range, resistance to thermal deformation at high temperatures, excellent water resistance and low permeability to water, excellent chemical resistance, high durability, and long operational life are some of the properties fueling the growth of the XLPE segment.

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Building & Construction is estimated to be the largest segment in the fire-resistant cable market in 2020.

Building & Construction, by end-use industry, accounted for the greatest demand for fire-resistant cables in 2020, in terms of value and volume. The growing building safety awareness among masses has led to the increase in demand for fire resistant cables. Fire resistant cables find application in the distribution of power in almost every commercial and residential building. The increasing construction activities are driving the fire-resistant cable market in the building & construction industry.

The APAC region is projected to account for the largest share in the fire-resistant cable market during the forecast period.

The APAC region is projected to lead the fire-resistant cable market in terms of both value and volume from 2021 to 2026. Growing population and rapid urbanization are among the key factors propelling industry expansion in the region, during the forecast period. The cables are easy to install and maintains the reliability of the electrical circuits, and can withstand at high temperature & during fire ensuring the human safety. Growing construction as well as automotive industries, amongst others, in APAC countries, are fueling the fire-resistant cable demand in the region.

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Prysmian Group (Italy), Nexans S.A. (France), NKT Group (Denmark), Leoni AG (Germany), and LS Cable & System Limited (South Korea), and Elsewedy Electric Company (Egypt), amongst others, are the key players operating in the fire-resistant cable market. Acquisitions, investments, expansions, collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the fire-resistant cable market.