Market Analysis of the Lyocell fiber market, Maleic Anhydride grafted polypropylene and Acetylene Carbon Blackmarket Forecasted to 2030
SEATTLE , WASHINGTON, USA, July 7, 2023/EINPresswire.com/ — Executive Summary
Due to an increasing demand for sustainable, biodegradable fibers and fibers that are environmentally friendly, the lyocell fibre market is expected to grow rapidly over the next five-year period. The market will grow at an 8.60% CAGR over the forecast period. By 2030, it is estimated that there will be a $1.6 billion market. The growth of the textile industry is a major factor, as are the growing popularity of eco friendly products and the superior performance of lyocell over cotton. Due to the large textile industry in Asia-Pacific and increasing consumer demand for eco-friendly goods, this region is expected be the biggest market for lyocell.
The global lyocell fibre market is extremely competitive with major players like Lenzing Grecell Hi-Tech Fiber Group Corporation Hubang Lyocell Shandong Yingli Industrial Sateri Auyuan Beauty. These companies invest in research and develop new and better lyocell fibres.
Lenzing expects to generate $2.33billion in sales by 2020. Sateri will make $1.76billion, and Hi-Tech Fiber Group Corporation will bring in $747m. These numbers show the growth of the lyocell market and the success that companies have had.
The dissolved pulp is used to make a cellulose fibre called Lyocell. It’s a more sustainable and eco friendly alternative to conventional fibers. Lyocell fibers are available in two varieties: Regular Lyocell Fibre and Crosslinked Lyocell Fibre.
Regular Lyocell is made by dissolving the paper pulp in solvents and extruding them through a spinning machine to produce the fiber. The fiber that is produced is soft and absorbent. It also resists wrinkles. This fiber is widely used in home textiles and apparel. Crosslinked Lyocell fiber is treated with an agent to improve its strength and durability. It can be used in high-performance fabrics, outdoor gear and technical fabrics. Both types of fibers are different in their properties and characteristics, which makes them suitable for different applications.
Lyocell is used primarily in the apparel industry due to its unique properties, such as its softness, breathability and moisture-wicking abilities. It’s commonly used in tops and dresses. Due to its softness and high absorption, lyocell can be used in home textiles for curtains, bedding, and towels.
Due to its antibacterial and high moisture absorption properties, lyocell can be used in the nonwovens industry for a variety of applications, including baby wipes, personal care products, and dressings. Upholstery, automotive fabrics, and technical fabrics are other applications for lyocell. Nonwovens is the fastest-growing segment of the industry in terms revenue, due to the growing demand for hygiene products.
Asia Pacific is predicted to dominate the Lyocell Fibers market during the forecast (2021-2026), closely followed by Europe, and North America. This dominance may be attributed in part to the growing demand for eco-friendly, sustainable textiles and government policies that support them, and the growing awareness about Lyocell fiber’s benefits.
Reports indicate that the Asia Pacific region will hold around 50% market share of Lyocell Fiber. Europe is next with 26% followed by North America (18%). The remaining market share will be shared amongst all other regions.
Globally, the growth of the market is driven by an increasing use for Lyocell fiber in different applications, such as clothing, home textiles and medical textiles. The market will continue to grow, with an expected CAGR of 8.60% over the forecast period.
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Executive Summary
The Maleic Anhydride-Grafted Polypropylene Market is expected to grow rapidly during the forecast period due to rising demand in various end-use sectors such as automotive packaging and construction. The Maleic Anhydride Grafted Polypropylene Market Research Report provides an in-depth analysis of historical data and current market trends. It also includes future prospects. The report contains detailed market segments, company profiles, as well as a competitive analysis. The Maleic Anhydride Grafted Polypropylene was valued at USD 423,3 billion in 2019, and is expected grow at a rate of CAGR of 4.10 percent from 2023 to 3030.
In many industries, such as construction, automotive, and packaging, maleic anhydride polypropylene grafted with a cyanide group is used to create a coupling. Maleic anhydride-grafted polypropylene is a highly competitive market, with many large and small companies in the industry. Eastman, SI Group and Clariant are among the key players on the market.
These companies provide high-quality products and services for different industries. These companies’ sales revenue figures are:
Eastman: 9.3 billion dollars for FY2020
– Clariant : CHF 3,85 billion (FY2020).
ExxonMobil : $179,3 billion (FY2020).
Westlake Chemicals: $7.46 billion dollars (FY2020).
Dow: 46,3 billion dollars (FY2019).
Globally, lyocell is a highly competitive market, with major players like Lenzing Grecell Hi-Tech Fiber Group Corporation Hubang Lyocell Shandong Yingli Industrial Sateri Auyuan Beauty. These companies invest heavily in research and innovation to create new, better lyocell fabrics.
The versatile material PP-gMA (maleic anhydride-grafted polypropylene) finds use in many industries. It is used in the automotive industry to make interfacial adhesives, plastic liners for gas tanks, and adhesion-promoting materials. In adhesives, it is used as a coupling between materials to improve bonding. It improves cable sheath mechanical and thermal properties. The home appliance industry uses it extensively in the production refrigerator liners, gaskets for doors, and other household appliance components. Packaging, construction and coatings are also possible applications.
Maleic Anhydride Grafted Polypropylene is projected to grow by a CAGR (Compound Annual Growth Rate) of 4.10%, from 2023 to 2030. By 2026, the market share will be worth USD 1.49billion. Asia Pacific is expected to hold the largest market share followed by North America, Europe and the Middle East.
Asia Pacific is predicted to have a market share of approximately 46%. Europe and North America will each hold about 29% and 19%. Rest of world market share is expected to be accounted for by the rest.
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Summary
Global acetylene black market will grow significantly during the forecast period due to increasing demand for high performance coatings, and increased applications in rubber and polymers industries. Market size is estimated at USD 1.80 Billion in 2019 and expected to reach USD 269 Billion by 2027. It will grow at a rate of CAGR 2.60 % from 2023 to 2030. North America and Europe lead the market due to high demand in the automotive and aerospace industries. The presence of manufacturing industries in China and India is expected to drive growth in emerging economies.
There are several well-established players on the global black market for acetylene. These companies constantly strive to improve the quality of their products and expand their geographical footprint in order to gain more market share.
Denka is one of the major players in the black market for acetylene. Other significant players include Hexing Chemical Industry.
Denka’s revenue was $5.4 billion, while Orion Engineered Carbons S.A. generated $1.5 Billion in sales revenue.
Acetylene black is an industrial type of carbon black produced from the decomposition acetylene in the presence oxygen. It is widely utilized in the manufacture of tires, rubber products and plastics.
The market offers two types of acetylene black: powder and granule. Powder products are dry, fine particles used to produce pigment black, battery electrodes, and printer toner. Granules are typically used to produce rubber compounds, coatings, and plastics. The granules form of acetylene-carbon black is the preferred product on the market, as it provides a better processing life, a greater bulk density and better dispersion.
Acetylene Carbon Black is used widely in many applications because of its high surface area, excellent thermal stability and electrical conductivity. It is mostly used in rubber reinforcements, tires and conductive materials. In batteries, the electrodes are coated with acetylene-carbon black to increase conductivity and battery performance. It is used in rubber reinforcements and tires to increase the durability and wear resistance.
Asia Pacific is expected to dominate Acetylene Carbon Black due to the growth in the automotive industry, and an increase in demand for rubber and other plastic products. According to market research the Asia Pacific region will hold a 40% market share in the Acetylene Carbon Black by 2026. China and India are the two major markets.
North America and Europe will also have significant market share in the Acetylene Black market. This is due to the demand for high quality rubber products, as well as the increased use of Acetylene Black in different applications, such inks, paints, and coatings.
Acetylene Carbon Black Market is expected to experience significant growth throughout the Middle East, Africa and Asia region due to an increase in construction and infrastructure activities.
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Amrita Pandey
Prime PR Wire
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