Global Polyethylene Industry - Emerging Markets in Asia-Pacific to Drive Modest Growth, New Report Launched

Moderate Growth in the Global Polyethylene Industry

The global polyethylene market is experiencing a period of slow growth as China and India, which are key drivers of demand in the Asia-Pacific region, are witnessing low Gross Domestic Product (GDP) growth rates due to the slowing of the manufacturing sectors and currency decline. This has had an adverse impact upon polyethylene demand and, with lower than historic GDP growth forecast for China and other developing countries in Asia, lower growth in petrochemical product demand is also expected.

Europe, where demand has increased slightly over the last decade, is expected to perform better in the next five years. The market in the US, where prices for natural gas are lower and investment in the petrochemical industry is rising, is forecast to grow due to higher demand from both its domestic and export markets compared with the trend over the last 10 years.

China and Russia are forecast to be the largest contributors to new capacity over the next five years; both are expected to add more than 3.5 million metric tons per year (mmty) of capacity during this period. India will rank third with more than 2.5 mmty of new capacity likely to come on-stream over the next five years.

Asia-Pacific to Continue to Drive Polyethylene Demand

Although emerging economies in the Asia-Pacific region have slowed over the last two years, polyethylene demand is still forecast to grow at a faster pace than in other regions and so will continue to drive the industry. Polyethylene demand is forecast to increase by 8.23 mmty in Asia-Pacific, a Compound Annual Growth Rate (CAGR) of 4.8% over the next five years. Demand in North America, South America, Europe, and the Middle East and Africa is expected to grow at a CAGR of 2.4%, 3.3%, 2.8% and 3.7%, respectively.

China and Russia to Add the Most Capacity through 2018

China and Russia are expected to add the most capacity over the next five years, accounting for 13.1% and 12.5% of global capacity additions. This capacity will be almost entirely in the form of new plants.

China is expanding its polyethylene capacity, primarily to satisfy demand from its growing population. The country’s per capita plastics consumption is still significantly lower than in the developed world, providing opportunities for further expansion. Russia is expanding its polyethylene capacity in an effort to enhance its position in the petrochemicals sector and reduce its reliance upon imports.

Spanning over 50 pages, “Global Polyethylene Industry - Emerging Markets in Asia-Pacific to Drive Modest Growth” report covering the Global Polyethylene Capacity - Asia-Pacific and the Middle East and Africa to Drive Capacity, Global Polyethylene Industry - Modest Growth Rate Expected Over the Next Five Years, Major Companies Active in the Global Polyethylene Industry, Conclusion, Appendix.

Know more about this report at : http://mrr.cm/ZPi

Global Demand, Capacity and Prices for Polypropylene - End-Use Sectors in Asia-Pacific to Drive Growth, New Report Launched

Demand from Key End-Use Applications Accelerating Polypropylene Industry Growth

Polypropylene’s qualities make it ideal for use in a range of sectors, such as packaging, electrical, household appliances, and automotive. The packaging sector accounts for 30.5% of global polypropylene demand and is driven in turn by demand from developing Chinese and Indian markets. China is the second-largest packaging market in the world and has huge growth potential due to its low per-capita plastic consumption. India is also a lucrative market due to a growing population, low per-capita plastic consumption and industrializing economy.

The electrical sector also accounts for a significant share of demand with 13.6%, followed by equipment and facilities, household appliances, automotive, and construction. Together, they account for 51.1% of global polypropylene demand. Other sectors account for the remaining 18.4%.

China and Russia to Add the Most Capacity in the Next Five Years

China and Russia will be the leading contributors to polypropylene capacity in the future and will account for 45% of global capacity addition over the next five years. A demand-side push is driving capacity addition in China, forcing it to produce more domestic polypropylene, whereas in Russia, the main driver is the desire to diversify export revenue by investing in the petrochemicals sector. Most of Russia’s export revenue currently comes from the petroleum sector.

Venezuela and India will be the third and fourth-largest contributors to capacity over the next five years, and both are investing in the polypropylene sector to cater to the domestic market and replace imports.

Prices are Expected to Increase at a Steady Rate

Polypropylene prices are expected to grow at a steady rate over the next five years. The Middle East will remain the most economical polypropylene-producing region, but North America may surpass Europe as the most expensive place to buy polypropylene due to an ongoing supply shortage of propylene feedstock from ethane-based steam crackers, which produce negligible quantities of propylene.

In South America and Asia-Pacific, the propylene industry is largely naphtha-based and so polypropylene prices in these regions are likely to remain high. They also have healthy demand for polypropylene and so a gradual price increase is likely to take place.

Spanning over 50 pages, “Global Demand, Capacity and Prices for Polypropylene - End-Use Sectors in Asia-Pacific to Drive Growth” report covering the Global Polypropylene Capacity - Growth in the Packaging Sector to Trigger Expansion, Asia-Pacific to Drive Global Polypropylene Demand, Major Companies Active in the Global Polypropylene Industry, Conclusion, Appendix.

Know more about this report at : http://mrr.cm/ZPw

Global Aerogel Market is Expected to Reach $1,896.6 Million 2020, Reveals New Report

"Global Aerogel Market (Raw Material Type, Forms, Applications, Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, 2013- 2020", the global aerogel market is forecast to reach $1,896.6 million by 2020 from $221.8 million in 2013, registering a CAGR of 36.4% during forecast period (2014 - 2020). North America and Europe collectively will generate near about two-third of the market revenue by 2020. In terms of volume, the market is expected to reach 953.1 million sq ft by 2020, from 105.6 million sq ft in 2013. Though the consumption of aerogel is spread world over, largely evenly, over 85% of the aerogel production facilities are located in North America and Europe.  Aerogel is chiefly referred as a strong insulator, with its better thermal insulation capacity than conventional alternatives. However, due to relatively higher prices, its mass adoption was limited to sophisticated applications in oil & gas industry and aerospace. Nevertheless, due to advent of various cost-efficient aerogel manufacturing techniques, it has now emerged as a better alternative in many applications such as automotive, healthcare, chemicals, electronics, and building insulation. With multitude of favorable drivers such as supporting policies pertaining to green infrastructure in European and Middle Eastern countries, the market is anticipated to have widespread adoption, especially in building insulation segment. In the meantime, the need for efficient and easy to install thermal insulations, higher thermal resistance, thinner & lighter solutions for industry purposes, and reusability has been other primary factors elucidate the market growth.

Silica, carbon, and alumina have been the prime sources of manufacturing aerogel where others (polymer, chalcogels, and seagels) are scarcely being used. Silica aerogel is projected to be the most promising segment, mainly due to efficient insulation properties and lightweight solutions. Others aerogel segment is anticipated to grow at a CAGR of 52% during the forecast period. The substantial growth of other types is mainly attributed to polymer aerogel, which is emerging as an efficient and cost effective heat insulator.

The aerogel has its application in building insulations, oil & gas, acoustic, aerospace, chemical, electronics, healthcare, automotive thermal management and others. The others segment includes applications in agriculture, cryogenics, apparels and power generation. Oil & gas segment leads the global aerogel application market in both in terms of value and volume through 2020. Acoustic Insulation, building insulations and electronics applications segments are also expected to witness significant growth rate. Various upcoming green infrastructure policies across the world, especially in Europe and Middle East are expected to drive the building insulation market during the analysis period.  Geographically, the market is segmented into North America, Asia-Pacific, Europe, Latin America & Africa, and Middle East. Though North America currently leads the global market, Europe will outperform North America in terms of revenue. The early adoption of aerogel technology in these regions primary drives the market, especially in the fields of aerospace and building insulations. However, due to plenty of scope in Europe for using aerogel in building applications the region is expected to contribute largely to the overall growth of the market. However, Asia Pacific is forecast to be the most lucrative regional market, growing at a CAGR of 37.3% from 2014 to 2020.

The report analyzes top winning strategies of prominent players in the market. The companies profiled in the report includes Aspen Aerogels Inc., American Aerogel Corporation, Cabot Corporation, Dow Corning Corp., Svenska Aerogel AB, BASF SE, Airglass AB, JIOS Aerogel, Active Space Technologies and Acoustiblok UK Ltd.

Know more about this report at : - http://mrr.cm/ZAP

See all Chemicals market reports at - http://www.marketresearchreports.com/chemicals