Category: Chemical & Materials

Posted in Business, Chemical & Materials, News

What are the key strategies adopted by the major players to expand Pour Point Depressant Market share?

Posted on by Devanshu Shrivastava

The rising sale of vehicles is boosting the automotive domain growth, particularly in the developing nations in Asia-Pacific (APAC). The significant consumption of lubricants in the automotive domain is, in turn, fueling the pour point depressant sector progress. Owing to the surging population and increasing income levels in APAC, the sales of vehicles are predicted to grow further. The automotive domain in China, due to the growing middle-class populace, which is anticipated to accelerate vehicle replacements and new purchases, is expected to register steady growth.

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Europe was the second largest region with a share of more than 20.0% in the global pour point depressant market in 2016 in terms of revenue, owing to the increasing refining capacity in the region.

Besides, the rising awareness among the population on the environment and human health has become a hurdle for automobile manufacturers. Governments and people are now pushing them to reduce the emission of harmful substances in the environment from facilities and vehicles. Hence, the increasing sales of automotive lubricants and high-performance vehicles are anticipated to boost the pour point depressant sector.

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Asia-Pacific held the largest share of the global pour point depressant market during the historical period. The application of PPDs is gaining momentum in the lubricant, automotive, and oil and gas industries. The formation of ASEAN Economic Community will act as a positive catalyst for ASEAN’s lubricant market, as it had proposed the removal of tariffs on vehicles, which will create a direct impact on the demand of vehicles. This will also prompt lubricant manufacturers to expand and penetrate the emerging markets in ASEAN. This in turn will drive the growth of the market in the region.

The pour point depressant market for oil and gas industry, on the basis of chemistry, is segmented into ethylene co-vinyl-acetate (EVA), poly alpha olefin, and PAMA. EVA was the largest segment with a share of more than 45.0% in the market in 2016 in terms of revenue. EVA is considered the most promising chemistry for oil and gas applications as it has better wax inhibition properties in crude and refined oil.

Posted in Business, Chemical & Materials, News

Which are the key geographies of Hot Melt Adhesives Market from the investment perspective?`

Posted on by Devanshu Shrivastava

Expanding packaging industry, and increasing consumer spending and environmental concerns are some of the reasons behind the extensive growth of the hot melt adhesives market. In 2017, the market generated a revenue of $7,353.1 million, and it is predicted to attain a size of $10,259.7 million in 2023, progressing at a CAGR of 5.7% during the forecast period (2018–2023). Hot melt adhesives are a thermoplastic adhesive, which are applied on the object with the help of hot glue gun. These include both synthetic and natural polymers that are available as cylindrical sticks. 

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On the basis of application, the hot melt adhesives market is categorized into packaging products, furniture, automobile, diapers, footwear, textile, and bookbinding. Out of these, during the 2018–2023 period, the furniture category is expected to see the fastest growth in terms of sales volume. This is attributed to the rising usage of these materials to meet the demand of the surging population for furniture in countries such as India, China, and Germany. Such materials are used to plug the holes in wooden boards and for edging and veneer surrounds, as these offer better stability and longevity. 

Based on product, the hot melt adhesives market is classified into styrenic block copolymer (SBC), amorphous polyalphaolefins (APAO), polyamide (PA), metallocene polyolefins (MPO), ethylene vinyl acetate (EVA), polyurethane (PU), and polyester. Among these, in 2017, the EVA classification led the market with a sales volume contribution of more than 40.0%. This is ascribed to its beneficial properties such as durability, flexibility, and suitability in different temperatures. With the expanding automotive and construction industries, the need for EVA is anticipated to escalate further during the forecast period.

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The adoption of new assembly methods over traditional ones by automobile manufacturers is gaining popularity in the hot melt adhesives market. Earlier, mechanical fasteners or welds were used to bond various parts of vehicles as these techniques offer high strength and performance. But, now consumer preferences for vehicle design are changing, leading to the use of nonferrous metals, lighter gauge metals, plastics, and coated steels for manufacturing. This is creating a high demand for new assembly methods, which is resulting in the surging use of hot melts for bonding automobile parts.

The global population is growing at a much higher rate than would be desirable at the moment. From roughly 7.7 billion in 2019, people across the world are set to number 10.9 billion in 2100 according to the data published by the United Nations Department of Economic and Social Affairs in its World Population Prospects 2019 report. With the growing population across the globe, efforts are also being multiplied to take care of its needs. Numerous industries are being set up, which is contributing in the improvement of the gross domestic product of many countries. This is resulting in an increase in the disposable personal income in many nations, especially emerging economies.

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What will the Palm Methyl Ester Derivatives advertise projection and what will the advancement rate by 2024?

Posted on by Devanshu Shrivastava

The key factors driving the palm methyl ester derivatives market include the rising usage of palm oil derivatives in personal care and homecare products and the increasing demand for organic cosmetics. The market valued $1,443.4 million in 2018, and it is predicted to advance at a 6.4% CAGR during the forecast period (2019–2024). Oleochemicals processed from palm kernel oil and crude palm oil are referred to as palm methyl ester derivatives. They find application in food and beverages, personal care products and cosmetics, and soaps and detergents. 

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The palm methyl ester derivatives market is observing the trend of shifting preference of consumers toward personal care products of organic origin. The shift from chemical-laden beauty products to organic variants is due to multiple factors, such as inclination of consumers toward environment-friendly products, rising awareness about health and wellness and impact of many chemicals contained in traditional cosmetics, and increasing usage of natural products by customers. Many consumer goods companies are now modifying their products by increasing their research and development and rapidly launching them in their existing portfolio. 

One of the primary growth drivers for the palm methyl ester derivatives market is the inclusion of palm oil derivatives in the manufacturing of homecare and personal care products. Downstream palm oil specialty chemicals have certain beneficial properties that are promoting their use as humectants, emollients, and viscosity modifiers in personal care and homecare products. Palm oil and its derivatives are enriched with a powerful antioxidant — beta-carotene — which eliminates free radicals. Further, such products also contain vitamins, such as A, C, and E. 

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Another factor contributing to the growth of the palm methyl ester derivatives market is the rising demand for personal care products and organic cosmetics. The personal care industry across the globe is expanding due to the introduction of green products and improving economic scenario in developing nations, such as Indonesia, China, and several in Latin America. The rising awareness about the environment is resulting in the growing popularity of products made with organic ingredients that offer long-term skin benefits. Palm oil and its derivatives, including stearin and olein, are a major ingredient of such beauty products.

In 2018, the soaps and detergents category is estimated to hold the largest volume share in the palm methyl ester derivatives market. This is attributable to the high-volume adoption of palm-based derivatives, such as oleates, stearates, palmitates, linoleates, laurates, caprylates, and myristates, in soaps and detergents due to their low cost, high emulsifying power, high froth and lather formation, high dispersibility, and appreciable performance in soft and hard wash conditions.

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What are the evolving opportunities for the players in the Proppant Market ?

Posted on by Devanshu Shrivastava

The surging demand for frac sand for petroleum fluid extraction, the discovery of new shale gas reservoirs, and the growing resin-coated and ceramic proppant consumption to improve the well productivity are some of the major factors behind the growth of the proppant market. In 2017, the market attained a size of $6,057.0 million, and it is predicted to generate a revenue of $10,562.9 million by 2023, progressing at a CAGR of 9.5% during the forecast period (2018–2023). Proppant is a solid substance that helps in keeping a hydraulic fracture open at the time of hydrofracking treatment. 

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On the basis of type, the proppant market is categorized into resin-coated, ceramic, and sand materials. Out of these, in 2017, the sand category held the largest sales volume share of over 85.0%, and it is expected to grow further during the forecast period. The main factor responsible for its dominance is its comparatively lower cost over other types. Besides, it is widely adopted by exploration and production (E&P) organizations for fracturing procedures, which is why its sales would increase. 

Based on application, the proppant market is classified into shale gas, coal-bed methane, tight gas, and others. Out of these, during the historical period (2013–2017), the shale gas classification was the largest application area of the substance, contributing over 50.0% revenue to the market in 2017; it is also predicted to surge at a significant pace during the forecast period. This can be mainly ascribed to the abundant utilization of these materials in shale gas extraction, which is increasing at a high rate. 

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On a global ground, North America led the proppant market, both in terms of value and volume. In 2017, it held more than 70.0% revenue share in the market. The region is anticipated to continue dominating the market during the forecast period owing to the growing fracturing activities for shale gas extraction. Further, the revival in oil prices, extensive material loading levels, and development of longer laterals to escalate natural gas production are some other factors driving the market progress in the region.

Further, with the unearthing of new shale gas reservoirs, there is an increase in fracturing activities, which is resulting in a high demand for frac sand. The material is used for making holes in the reservoir to create a vent for the shale gas to come up to the surface. Frac sand is widely used due to its cost-effectiveness. Owing to the rising fracturing activities, the demand for the material in 2018 was expected to reach 110.0 million tons compared to 45.0 million tons in 2016, according to the Oil & Gas Journal. Hence, the proppant market is predicted to witness growth with rising E&P activities for shale gas. 

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Phenol-based, resin-coated substances negatively impact the environment by causing water contamination. Therefore, companies such as Preferred Sands and Dow Chemical Company have developed an eco-friendly non-phenolic resin-coated material to decrease the impact on the environment. Further, less energy is required during its production, thereby helping in operational cost reduction for the manufacturers. The application of these materials in the oil and gas industry is predicted to rise during the forecast period. Thus, the advancement in these materials is offering huge growth opportunities for the proppant market players. 

Hence, the increasing exploration of shale gas reservoirs and growing use of eco-friendly materials are projected to boost the market during the forecast period.

Posted in Business, Chemical & Materials, News

What will the Liquid Crystal Polymer advertise projection and what will the advancement rate by 2023?

Posted on by Devanshu Shrivastava

The global liquid crystal polymer (LCP) market, valued at $1,037.4 million in 2017, is predicted to generate a revenue of $1,447.9 million by 2023, advancing at a CAGR of 5.7% during the forecast period (2018–2023). The growth of the market is mainly driven by the increasing demand for electronic products, such as laptops, tablets, smartphones, and smart watches, finds P&S Intelligence. LCPs are a special kind of aromatic polymer that perform well in extreme environmental conditions and are highly resistant to electricity, heat, and chemicals. 

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When segmented by type, thermotropic and lyotropic would be the categories of the liquid crystal polymer market. Of these, in 2017, the thermotropic category held more than 85.0% revenue share in the market. During the forecast period, the category is expected to grow at a rapid pace in terms of volume and value due to its high compatibility with the semiconductor production process. Thermotropic LCPs are formed by heating a polymer at a temperature exceeding its melting transition point. It is widely used as a blend additive in optical couplers, displays, and information storage materials. 

On the basis of industry, the LCP market is divided into automotive, medical, consumer goods, and semiconductor and electronics. Out of these, in 2017, the semiconductor and electronics division accounted for 60.0% revenue share in the market. This is attributed to their beneficial properties such as low power dissipation factors and dielectric constants, and notable strength of the materials in mesophase. Furthermore, the rising purchasing power of individuals along with industrialization is predicted to escalate the demand for electronic accessories and consumer appliances, resulting in the growth of LCP usage in semiconductor and electronic components. 

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The surging demand for consumer electronics is accelerating the growth of the liquid crystal polymer market. The increasing population and growing per capita income in developing countries, such as India, China, Brazil, and Indonesia, are boosting the sector. According to the Ericsson Mobility Report 2017, the number of users of consumer electronic devices across the globe is anticipated to rise from 480 million in 2017 to 670 million by 2022. Numerous products including smartphones, iPhones, microwaves, light emitting diode (LED) TVs, and computers are becoming an important part of households. 

LCPs help in the improvement of these electronic goods because of their high mechanical and electrical properties. This has motivated major LCP market players, such as Toray Industries Inc., Celanese Corporation, Sumitomo Chemical Co. Ltd., and Kuraray Co. Ltd., to increase the LCP research and production activities in the forecast period. In the recent years, these companies expanded their manufacturing units across the world. 

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For instance, Kuraray America has raised its production of LCPs at its Pasadena plant in the U.S. to increase its presence in the North American market. Presently, Sumitomo Chemical Co. Ltd. is among the leading liquid crystal polymer market players, with an annual production capacity exceeding 9,200 tons. It sells its LCP products with the brand name, Sumikasuper LCP. Additionally, Celanese is another dominating player in the market with an annual production capacity of more than 13,000 tons; the company sells LCPs under the brand name, Vectra/Zenite. 

Hence, the increasing competition among various players and surging demand for consumer electronic devices are propelling the market toward a bright future.

Posted in Business, Chemical & Materials

How will the market drivers, restraints and future opportunities affect the APAC Printing Inks Market dynamics and a subsequent analysis of the associated trends?

Posted on by Devanshu Shrivastava

The primary factors behind the growth of the (Asia-Pacific) APAC printing inks market are the increasing sale of packaged food items and growing adoption of bio-based products across the region. In 2017, the market generated a revenue of $5,344.1 million, and it is expected to reach $7,000.2 million by 2023, progressing at a CAGR of 4.6% during the forecast period (2018–2023). Printing inks contain dyes or pigments and are used for coloring a surface to print an image, design, or text on newspapers, magazines, books, cardboards, and ceramic tiles. 

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On the basis of product, the APAC printing inks market is categorized into lithographic, gravure, digital, flexographic, and letterpress inks. Out of these, in 2017, the flexographic inks category contributed more than 35.0% revenue to the market. This can be ascribed to the several benefits these offer, such as large variety of colors, and compatibility with water and oil-based inks. Among all the formulations of inks, including oil, solvent, and water, oil-based formulations held the dominating revenue share of 40.0% in 2017. These inks print well on a variety of surfaces, including gloss or coated stocks. 

Based on application, the printing inks market in APAC is divided into commercial printing, labels and packaging, and publication. Out of these, in 2017, the labels and packaging division registered more than 40.0% revenue share in the market and is expected to lead it during the forecast period. This can be attributed to the growing usage of packaged foods and goods due to rising disposable income, resulting in the surging demand for printing inks. However, the publication division is anticipated to contribute considerable revenue to the market during 2018–2023. 

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Massive growth in the label and packaging domain is predicted to play a significant role in the APAC printing inks market advance. Packaging has become a core part of all the sectors that need accurate labeling to authenticate the quality of the products being sold to customers. Factors such as rising disposable income and the expansion of various industries including healthcare, food and beverages, and consumer goods have rapidly increased the usage of printing inks across the region. 

In addition, the surging spending on packaged food, growing gross domestic product of various countries, and the increasing usage of inks in the packaging industry are expected to drive the APAC printing inks market forward during the 2018–2023 period. Furthermore, the spreading awareness about the harmful impact of volatile organic compound emissions and the rising concerns on the heavy metals contained within printing inks are resulting in the increasing adoption rate of bio-based variants across the region. 

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Besides, such inks can be easily separated from paper, increasing its recyclability rate, which would further boost bio-based products’ demand in the food packaging domain. In the recent years, countries such as India, China, and Indonesia have emerged as the largest markets for printing inks in APAC. The rapid commercialization and industrialization in these countries have contributed to the increasing usage of printing inks for office purposes. Moreover, the improving living standards in these and other developing nations in the region have boosted the packaged foods consumption, which is directly fueling the APAC printing inks market growth. 

Hence, the expanding label and packaging and processed food and beverages industries would augment the market during the forecast period.

Posted in Business, Chemical & Materials, News

Rising Average Age of Vehicles Contributing to Growth of Indonesian Automotive Refinish Coatings Market

Posted on by Devanshu Shrivastava

In 2017, the Indonesian automotive refinish coatings market generated revenue of $240.2 million and is predicted to attain a value of $336.6 million by 2023, advancing with a 4.9% CAGR during the forecast period (2018–2023). The market is witnessing growth due to the increasing disposable income, rising average age of vehicles, and rising number of vehicle collisions. Automotive refinish coatings are applied on vehicles, including light commercial vehicles (LCV), heavy commercial vehicles (HCV), and cars, during their customization and accident repairs, for repainting the damaged parts or body structure. 

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The Indonesian automotive refinish coatings market is primarily categorized into primers & fillers, clearcoats, and basecoats, on the basis of product type. Clearcoats accounted for the major share of the market during 2013–2017 (historical period), both in terms of value and volume. These coatings provide protection to the paint and metal body and improve resistance to the damage caused by foreign substrates and fluids. Due to these advantages, clearcoats are high in demand, which is further expected to result in the dominance of this category over the market during the forecast period. 

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In terms of auto type, the Indonesian automotive refinish coatings market is divided into two-wheelers, cars, commercial vehicles, and others, which include railways and three-wheelers. Out of these, the division of cars contributed the highest revenue to the market during the historical period, holding over 70.0% share in 2017. This was due to the rising need for the modification and optimization of cars and growing demand for repair services. The highest CAGR is projected to be witnessed by the division of two-wheelers during the forecast period. 

On the basis of product type, the Indonesian automotive refinish coatings market is classified into basecoats, clearcoats, primers and fillers, and others. Clearcoats constituted the largest revenue share in the market, accounting for more than 45.0% share in 2017. This can be attributed to high-volume demand for these coats generated from the automotive industry for refinishing purposes. Furthermore, addition of a thick clearcoat on automobiles is highly favored due to its ability to offer protection to basecoat and metal body and resist damage caused by fluids and foreign substrates, such as peeling and cracking of paint. 

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One of the key factors driving the growth of the Indonesian automotive refinish coatings market is the rising average age of vehicles. Automobiles have a life span as well, which has increased over time due to technological advancements. But with this increase in the average life of vehicles, they have become more prone to environmental damage in the form of corrosion, and collision. This has led to a surge in the requirement for maintenance and repairs of vehicles in the country, which is further leading to the rising demand for refinish coatings. 

The domestic players are engaged in several operations such as procurement of raw materials and refinish products from their international production facilities, manufacturing of the products for the automotive industry, and distribution of these products to several original equipment manufacturers (OEMs) and aftermarket automotive players in the country. There are also several manufacturers that are offering a range of resins to manufacturers of automotive refinish coatings.

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What are the major catalysts for the Automotive Refinish Coatings Market and their impact during the short, medium, and long terms?

Posted on by Devanshu Shrivastava

The growth in the automotive refinish coatings market is being driven by growing revenue and disposable income. A revenue of $ 8,244.3 million was generated by the market in 2017, and it is projected to grow at a 5.1% CAGR during the forecast period (2017-2023). Automotive refinish coatings are applied on the body of a vehicle to restore its aesthetics. These refurnish coatings can be applied to the various environments in which they are applied in automotive factories.

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The automotive refinish coatings market is being driven by the increasing average age of vehicles. Vehicles that were manufactured during the 2000s had a low average lifespan. Owing to the advancements, vehicles being manufactured in present times have an increased average lifespan. For example, the average age of vehicles in the UK increased to 7.8 years in 2015 from 6.8 years in 2003. The demand for refinish coatings is rising, with the increase in the average age of vehicles.

Another factor in the automotive refinish coatings market is the rise in the number of vehicle collisions. An increase in the collision rate, which leads to congestion. In 2015, 48,923 vehicle crashes were reported in the US, which was 8.8% higher than the previous year. The demand for automotive refinish coatings is increasing with the growing vehicle collision incidence, as these necessitate damage repairs and refurbishing.

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The growing popularity of recreational vehicles (RV), especially in the developing countries in Europe and North America, is adding to the growth of automotive refinish coatings market. RVs are vehicles modified to include a living space and basic home amenities. Different vehicles, such as school buses, trailers, vans, and even trucks, are used for this purpose. The Recreation Vehicle Industry Association has mentioned that it has grown 8 years. As they are mostly customized for the customer’s market, the demand for automotive refining is increasing.

The segments of the automotive refinish coatings are vehicle age, product type, auto type, resin type, and technology. The auto type segment is subdivided into commercial vehicles, cars, two-wheelers, and others. in 2017, the cars category dominated the market in terms of revenue generation by holding a share of 70.1%. This can be attributed to the accidental insurance claims. The second-largest category is commercial vehicles, owing to the increasing popularity of RVs in developed nations. 

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UV-cured, water-borne, and solvent-borne coatings. The solvent-borne category accounted for as close to 60.0% as of September 2017, as these are more cost-effective than other technologies. Owing to the demand for eco-friendly technologies, the water-terminal is expected to be the fastest growing during the forecast period.

Therefore, the market for automotive refinish coatings is slated to advance during the forecast period owing to the growing number of vehicles on the road and resulting accidents.

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What are the key strategies adopted by the major players to expand their spunbond nonwovens market share?

Posted on by Devanshu Shrivastava

The rising penetration of spunbond nonwoven fabrics in the manufacturing of wipes, adult incontinence products, diapers, surgery clothing, and female hygiene products and the expansion of the medical industry in developing economies are responsible for the growth of the spunbond nonwovens market. In 2017, the market attained a size of $11,040.1 million, and it is predicted to witness a CAGR of 8.1% during the forecast period (2018–2023). Spunbond nonwoven is created by bonding long fibers and staple fibers together, in which the fibers are dispersed and spun into a web by deflectors. 

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On the basis of material type, the spunbond nonwovens market is categorized into polyester, polypropylene, polyethylene, and polyurethane. Out of these, in 2017, the polypropylene category held the largest revenue share of more than 65.0%, and it is anticipated to dominate the market during the forecast period too. Polypropylene is widely preferred owing to its advantageous properties such as low price and density, and high hydrophobicity and chemical resistance, which make it ideal for surgical clothing, diapers, and other disposable products. 

Based on application, the spunbond nonwovens market is classified into medical, hygiene and personal care, agriculture, automotive, packaging, and building and construction. In 2017, among these, the hygiene and personal care classification held more than 35.0% revenue share in the market, and it is expected to lead it during the forecast period. Baby diapers, adult diapers, and personal wipes are manufactured by using spunbond nonwovens, and the demand for these products is rising in Asian countries owing to increasing hygiene consciousness. 

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Due to the surging population in African and Asian countries, the sales of these products are predicted to accelerate at a significant pace. This, in turn, would escalate the demand for spunbond nonwoven fabrics as a raw material in manufacturing units, thereby resulting in growth of the spunbond nonwovens market. In recent years, a large number of Central European countries have been observing improvements in the healthcare and medical industries, as a result of which the life expectancy has increased and people nowadays are able to avail improved healthcare facilities. 

The growing number of rural and urban healthcare facilities, such as clinics and hospitals, is enhancing the quality of medical services in the region. Furthermore, with the surging penetration of medical facilities, the use of products such as drapes, face masks, gloves, and patient gowns, which are essential for the prevention of hospital-acquired infections has increased, resulting in the swift adoption of disposable nonwoven fabrics for their manufacturing. Thus, the better availability of medical services in Central Europe is expected to boost the progress of the spunbond nonwovens market. 

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Nations including India, Indonesia, China, Nigeria, Poland, and Malaysia, have exhibited rapid economic growth in the past few years. The majority of these countries have huge populations as well as better living standards compared to several years ago. These factors make these a suitable market for hygiene and personal care and medical products. Apart from this, these nations have fast-growing automotive and construction industries, which consume spunbond nonwovens in large quantities. Hence, developing economies with a high economic growth rate are expected to witness an escalated demand for such materials during the forecast period. 

Thus, the expanding medical and other end-use industries in developing nations is heavily contributing to the growth of the market.

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Which are the key geographies of 3D Printing Materials Market from the investment perspective?

Posted on by Devanshu Shrivastava

The growth of the 3D printing materials market is aided by the increasing adoption of the additive manufacturing technique. The process of joining or solidifying materials by computer control is known as 3D printing. Earlier only used for prototyping, 3D printing is being used for manufacturing. When this happens, the resulting process is called additive manufacturing. As per a P & S Intelligence study, the sales of 3D printing materials generated $ 558.4 million in 2017, which is expected to increase to $ 1,365.6 million by 2023 at CAGR of 16.7% during the 2018-2023 period.

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Traditionally, the raw material has been repeatedly reused. With additive manufacturing, which uses 3D printing, raw material wastage or eliminated in totality, thus saving money, and time. Aerospace and defense, medical and dental, and automotive are the sectors, where the use of additive manufacturing is growing. Therefore, the increasing adoption of the additive manufacturing technique is leading to a 3D printing market in the world.

In the aerospace and defense sector, which contributed 35.0% of the total revenue in 2017, 3D printing-aided additive manufacturing helps in designing and producing complex parts, where traditional manufacturing processes have proved inefficient. Further, additive manufacturing also helps in reducing the weight of the parts without compromising on their mechanical efficiency. Apart from these, wastage of expensive materials, such as titanium, is also decreased. So, the growth of the sector is expected to bode well for the 3D printing materials market.

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Similarly, the medical and dental industry utilizes 3D printing for customizing prosthetics, implants, medical models, and medical devices, including hearing aids. The technology makes it easy to design and produce bridges, teeth crowns, aligners, and surgical guides. Coming to the automotive industry, the process reduces the weight of vehicle components, helping make them cost-effective as well as fuel-efficient. Further, 3D printing helps create a moisture-resistant and watertight barrier, as well as materials that can withstand a temperature of over 105°C.

The expanding automobile industry, especially in emerging economies, is one of the driving factors of the 3D printing materials market growth. In countries, such as India, China, Brazil, and Indonesia, the purchasing power of people is increasing due to rising disposable income. People here are spending on automobiles, seeing which vehicle firms are rapidly expanding their manufacturing capacities. Therefore, a rise in automobile production is expected to boost the demand for 3D printing materials.

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Of all the 3D printing materials available, including plastics, metals, ceramics, and others, in the following year , and liquid, filament recorded the highest sales CAGR (over 50.0%) in the 3D printing materials market during the historical period. This is because of high resistance, high density, superior layer adhesion, and reduced shrinkage.

Therefore, we would like to see you in the future.