How is the trend for Chemicals in India?

Rising demand for metal components in industrial machinery, electronics & electrical, construction and transportation industry are anticipated to augment market growth. Moreover, rising government initiatives to boost the production of machine tools namely in automotive and railway sector are expected to drive the market growth.

The Indian metal treatment chemical market is likely to witness a substantial growth at a CAGR of 5.68% and is projected to reach USD 378.4 million by the end of 2023.

India Metal Treatment Chemicals Market Research Report 2023

Metal treatment chemicals are used for removing scale, stain and inorganic contaminants. These chemicals are a part of surface treatment chemicals used mainly for cleaning, anodizing and smooth bonding paints on any metal substrate. Based on various metal treatment chemicals types, the anodizing & platting is leading the segment, which held a 32.6% market share in 2016. Anodizing & platting is set to emerge as the preferred choice in metal treatment chemicals owing to easy penetration of anodizing hard coating for numerous application such as electrode coating, anodized layer formation, and electroless plating. Cleaning chemicals segment witnessed a substantial growth and is expected to reach USD 75.4 million by 2023. These chemicals are the first stage of surface metal treatments as they are used to remove scale, contaminants, and dust from the metal substrate thereby, providing a durable and hygienic environment for metal. However, to maintain luster and smooth finish under extreme temperature, corrosion protection chemicals are gaining high importance and are expected to grow at a CAGR of 5.81% during the forecast period.

India metal treatment chemicals are used in various application such as automotive & components, metalworking, industrial machinery, electronics & electrical, construction & infrastructure, aerospace & transportation.

The prominent application automotive & OEM components segment is anticipated to reach USD 124.8 million by 2023 at a CAGR of 6.14% during the forecast period 2017-2023.

Growing production and sales of automobile in India are likely to boost the market growth further. To maintain the smooth surface finish and optimum paint adhesion, auto components are treated with chemicals for long-term corrosion protection. Thus, this segment is anticipated to retain its dominance over the forecast period. Rising concern over continual repair of warranty parts has led to high demand for the product in various applications, especially electrical & electronic products. Construction & infrastructure segment is projected to witness a considerable CAGR of 5.81% during the review period due to growing government expenditure to boost tourism activity. Furthermore, development in metal work industry such as minimal complex process and technology advancement has led to positive growth.

Regional analysis

India metal treatment chemicals market is further segregated into four sectors such as North, East, West, and South. The northern sector offers a lucrative opportunity to the automakers and its suppliers owing to close proximity to the raw material manufacturers and policymakers such as ACMA and SIAM. Major automotive companies such as Bajaj Auto, Hero Moto Corp, Honda, JCB, and Maruti Suzuki also owns headquarter and capture a major share in this sector. Growing automotive sales in the North sector is valued at USD 88.0 million in 2016 which accounts for the highest CAGR of 5.72% during the assessment period. Moreover, the rapid growth in industrial machinery and government initiatives such as 100% FDI in the automotive industry are driving the growth of the metal treatment chemicals market. The western region of India emerged as a huge potential sector due to the presence of considerable market participants and favorable climatic condition. Moreover, growing infrastructure activities and rise in the SME’s (small-medium enterprise) in the Southern region are likely to propel the growth of India metal treatment chemicals market.

Segmentation

India metal treatment chemical market is segmented into types and application. Based on the type, the market is segregated as anodizing & platting, corrosion protective, cleaning, paint stripers. On the basis of the application, the market is divided into automotive & components, metalworking, industrial machinery, electronics & electrical, construction & infrastructure, and aerospace & transportation.

Key Players

Some of the key players in the India metal treatment chemical market are BASF India Ltd., Henkel Adhesives Technologies, Metalguard Pvt. Ltd., Chemtex Speciality Limited, CMP PVT. LTD, Dimetrics Chemicals, KCH INDIA PVT. LTD, Olivine Mercantile Pvt. Ltd., Prime Laboratories and GTZ India Private Limited among others.

Key Findings

According to Market Research Future analysis, India metal treatment chemicals market is projected to reach USD 378.4M 2023 at a CAGR of 5.68% during the review period, 2017-2023. Anodizing & platting segment is dominating the market followed by the corrosion protection chemical market. Increasing investment in R&D by automakers for efficient, cost-effective and eco-friendly platting technology is expected to drive the market growth. Automobile & component segment accounted for the highest market share and is anticipated to retain its dominance over the forecast period. Rising automotive cluster such as BharatBenz, Ford India, and Hyundai Motor India Limited in the Southern region are expected to augment the market growth. Corrosion protection chemicals witnessed highest CAGR due to rising adoption of the product to increase durability and flexibility coupled with smooth surface finish. However, strong demand for machine tools in end-use industries such as industrial machinery and transportation are some of the factors fueling the market growth.

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Polymer Gel Market Growth and Trends

Polymer Gel Market Size, Share and Global Industry Analysis 2023

The polymer gel is a liquid-like wet and soft-solid material that consists of a cross-linked elastic network and a fluid that fills the interstitial spaces of the network. It can undergo large deformation. The long polymer molecules network keeps the liquid intact and confers a solid appearance. It shows a variety of stimuli-responsive actions responding to the external changes in the environment.

According to the analysis, the global polymer gel market is projected to reach USD 16,312.5 million by 2023 at a CAGR of 6.55% during the review period 2017-2023.

Polymer Gel Market Size, Share and Global Industry Analysis 2023

The increasing investments in the healthcare sector by the governments in developing countries is projected to drive the growth of the global market. Based on the type, the hydrogel segment accounted for the largest market share of 91.51% in 2017 and is expected to register a healthy CAGR of 6.47% in the coming years.

This is attributed to the surging demand for hydrogels in the medical, personal care, electrical and electronics, and agricultural industries. The aerogel segment is expected to exhibit a high CAGR of 8.69% during the forecast period owing to its extreme porosity, resistance to heat transfer, ultralow density, and superlative energy damping. By raw material, the polyacrylic acid (PAA) segment dominated the global market and was valued at USD 5,472.3 million in 2017 owing to its biodegradability and various applications in the healthcare and agricultural industries.

On the basis of form, the amorphous segment held the largest market share of 38.94% in 2017 due to its increasing applications in wound care solutions, in the healthcare industry. Robust growth in the demand for polymer gels in the cosmetics and personal care industry for cosmetic surgeries and beauty products is expected to favor the market growth. Based on end-use industry, the cosmetics and personal care segment accounted for the largest market share of 29.61% and was valued at USD 3,362.7 million in 2017. This is attributed to the surging demand for polymer gel in hair care products, facial masks, sunscreens, clear gels, skin care products, mascaras, and cuticle coats due to its low tack and non-oily properties.

The growing consumer awareness about healthcare and personal hygiene, especially in emerging economies, is projected to create lucrative growth opportunities for the market players.
However, complex and high-cost production process are expected to hamper the growth of the global polymer gel market.

Regional Analysis

The global polymer gel market has been analyzed across five key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The Asia-Pacific market is expected to register a high CAGR of 7.56% during the forecast period owing to the growing demand for polymer gel in the cosmetics and personal care, agricultural, and healthcare industries. Factors such as the growth of the fast-moving consumer goods (FMCG) market, growing standards of living, and increasing use of e-commerce in the region are expected to propel the growth of the regional market. China is the leading country in the region and is expected to exhibit a robust CAGR of 7.97% in the coming years owing to rising healthcare spending as well as purchasing power, and growing infrastructure development. The North American market is expected to be the second-largest and was valued at USD 2,607.5 million in 2017 due to the rapidly growing healthcare industry.

The US market is the major contributor in the region and is expected to register a significant CAGR of 6.01% during the review period. This is attributed to the easy availability and marketing of personal care products and growing medical sector. The European market was valued at USD 2,375.6 million in 2017 and is projected to exhibit a substantial CAGR of 5.13% by 2023 owing to the rapidly growing cosmetics and personal care industry.

The market in Germany is the major contributor in the region and is expected to reach USD 976.6 million by 2023 owing to technological advancements and growing investment in capacity expansion of polymer gel production. The Middle East & Africa market held a moderate market share and is projected to register an encouraging CAGR of 6.86% during the forecast period owing to the surging demand for polymer gel in the oil & gas industry. The Latin American market accounted for the lowest market share and is expected to reach USD 1,119.0 million at a CAGR of 6.43% in the following years due to the surging demand for polymer gel in water treatment and agricultural industries.

Market Segmentation: The global polymer gel market has been segmented on the basis of type, raw material, form, end-use industry, and region.

Based on the type, the global polymer gel market has been categorized into hydrogel, aerogel, and others.
By raw material, the global polymer gel market has been classified into PAA, poly vinyl alcohol (PVA), poly acrylonitrile (PAN), silicon, and others.
On the basis of form, the global polymer gel market has been divided into amorphous, semi-crystalline, blanket, particle, monolith, and others.
Based on end-use industry, the global polymer gel market has been segmented into cosmetics & personal care, healthcare, oil & gas, agriculture, building and construction, water treatment, electrical and electronics, and others.
The global polymer gel market has been studied across five key regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Players

Some of the key players operating in the global polymer gel market are BASF SE (Germany), LG Chem Ltd. (South Korea), Evonik Industries AG (Germany), Nippon Shokubai Co., Ltd. (Japan), SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan), Archer Daniels Midland Company (US), Aspen Aerogels, Inc. (US), Cabot Corporation (US), Chemtex Speciality Limited (India), SNF Holding Company(US), KATECHO, INC. (US), and Aerogel Technologies, LLC (Ukraine).

Key Findings

As per the analysis, the global polymer gel market is projected to reach USD 16,312.5 million by the end of the forecast period at a robust CAGR of 6.55% during the assessment period.
By type, the hydrogel segment dominated the global market with 91.51% market share and was valued at USD 10,392.6 million in 2017.
Based on raw material, the PAA segment accounted for the largest market share of 48.18% in 2017 and is expected to exhibit a healthy CAGR of 6.49% by 2023.
By form, the amorphous was the largest segment and was valued at USD 4,422.6 million in 2017 and is expected to reach USD 6,245.5 during the forecast period.
On the basis of end-user industry, the cosmetics & personal care segment dominated the global market and is expected to reach USD 4,785.2 million with a significant CAGR of 6.39%.
Asia-Pacific is a growing market for the key market players during the forecast period and accounted the largest market share of 39.51% in 2017. This is attributed to increasing investments in the healthcare industry by the governments in developing countries, rapid industrialization, large consumer base, and the growing FMCG market. 

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Fluorochemical agents in commercial use!

The global fluorochemicals market is expected to exhibit significant growth during the forecast period, 2018-2023, due to the rising demand for refrigerants in numerous end-use industries, such as automotive, electronics, building & construction, pharmaceuticals, and food & beverage. Asia-Pacific accounted for a 43% share of the global fluorochemicals market in 2017 and is expected to show remarkable growth during the forecast period owing to the fast economic growth and less regulatory pressure in the region. North America and Europe are other major markets for fluorochemicals.

Fluorochemicals Market Analysis and Report Forecast 2023

Rapid industrialization in developing economies, especially India, China, and South-East Asian countries, is likely to propel the demand for refrigerants during the review period. Infrastructure development, with rising residential and commercial construction such as warehouses, departmental stores, and malls, has fueled the demand for HVAC systems, which, in turn, is likely to stimulate the demand for fluorochemicals. Additionally, the increasing use of fluoropolymers in emerging applications such as water filtration and solar and photovoltaic is expected to drive market growth. Furthermore, fluorochemicals are being increasingly used in various automotive parts such as fuel hose insulations, tubing, and engines due to their thermal stability, high tensile strength, lightweight, and strong dielectric properties. The expanding automotive industry with the growing demand for hydrogen fuel cell, electric, and lightweight vehicles is likely to drive the fluorochemicals market during the review period. However, the use of refrigerants, such as CFC, HFC, and hydrochlorofluorocarbons HCFC, is subject to regulations under international treaties, such as the Montreal Protocol and the Kyoto Protocol, due to their hazardous impact on the environment and human health, which may restrain the growth of the market to some extent during the forecast period.

Regional Analysis

• The global fluorochemicals market has been analyzed with respect to five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. 
• Asia-Pacific held the largest market share of 43% in 2017.
• North America held the second largest market share. The US dominated the North American market in 2017 is projected to grow at a CAGR of 5.35% whereas the Canadian market is projected to exhibit a CAGR of 5.04%.

Segmentation - The global fluorochemicals markets have been segmented by type, application, end-use industry, and region. 

Key Findings

• The global fluorochemicals market was valued at USD 25,902.7 million in 2017 and is estimated to reach USD 36,755.7 million at a CAGR of 6.10% during the review period from 2017 to 2023.
• The fluorocarbons type segment emerged as the most promising, accounting for 37.15% of the global market share in 2017; it is estimated to grow at the higher CAGR of 5.90% during the review period.
• On the basis of application, the refrigeration segment accounted for a 37% share of the global market in 2017 and is projected to be the major revenue-generating segment, registering a CAGR of 6.61% during the forecast period.
• On the basis of end-use industry, the electrical and electronics segment accounted for a 32.15% share of the global market in 2017 and is projected to register a CAGR of 6.65% during the review period.
• Asia-Pacific has consistently been the largest market for the past seven years, and it accounted for a 43% share of the global market in 2017.
• The demand for refrigerants in various applications such as HVAC systems, refrigerators, and freezers are increasing on account of their superior properties such as thermal stability, chemical inertness, and resistance to oxidation.
• With the increasing stringency of F-regulations, the demand for refrigerants with low global warming potential is rising in major end-use industries such as automotive, building and construction, and food & beverage. 

Category: Chemicals Market Research Reports

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