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Showing posts with the label Polymer and Resins

Biodegradable Fabrics Market Growth Accelerated by Strong Government Support

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Biodegradable Fabrics Market Biodegradable fabrics are made from sustainable and eco-friendly materials that decompose naturally without harming the environment. These fabrics are beneficial as they reduce pollution caused by the disposal of non-biodegradable textiles. Biodegradable fabrics are increasingly being used in various applications like apparel, home textiles, and agricultural fabrics. The global Biodegradable Fabrics Market is estimated to be valued at US$ 6.76 Bn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Growing awareness regarding environmental protection and scarcity of landfill space has compelled governments worldwide to implement stringent regulations promoting the use of biodegradable products. Many countries have either banned or levied heavy taxes on non-biodegradable plastics. This strong policy push by regulators is a major f

Polyvinylidene Fluoride Market Growth Accelerated by Increasing Use in Construction Industry

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Polyvinylidene Fluoride Market Polyvinylidene fluoride is a synthetic fluoropolymer used for its characteristics such as superior thermal stability, chemical resistance, and mechanical strength. PVDF coatings are used extensively in construction applications as they provide protection against harsh weather conditions and corrosion. Roofing, siding, plumbing, and piping are some major construction areas where PVDF coatings find widespread application. The global Polyvinylidene Fluoride Market is estimated to be valued at US$ 1541.69 million in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing use in construction industry: One of the major trends driving the growth of the polyvinylidene fluoride market is the increasing utilization of PVDF coatings in various construction applications such as architectural coatings, infrastructure, and industrial

Global Polypropylene Compounds Market Growth Accelerated by Increasing Use in Automotive Components

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Polypropylene Compounds Market Polypropylene compounds are a type of thermoplastic material that is formed by mixing polypropylene resin with various additives, fillers, and reinforcements to enhance its properties. Polypropylene compounds are inexpensive, lightweight, and chemically resistant. They find widespread application in automotive components like bumpers, interior trims, and instrument panels owing to their ability to withstand high impact without breakage. The global Polypropylene Compounds Market is estimated to be valued at US$ 35.2 billion in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing automotive industry, especially in Asia Pacific region is fueling the demand for polypropylene compounds. Polypropylene compounds are extremely popular in automotive applications due to properties like high impact resistance, lightweight, and exc

Polyethylene Terephthalate (PET) Market is Estimated To Witness High Growth Owing To Rising Demand for Packaged Food and Beverages

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Polyethylene Terephthalate (PET) Market The Polyethylene Terephthalate (PET) Market is estimated to be valued at US$ 46.46 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Polyethylene terephthalate, commonly referred to as PET, is a thermoplastic polymer resin of the polyester family that is clear, tough, and versatile. It is widely used for packaging applications such as bottles for food and beverages due to its desirable properties such as barrier protection, lightweight, rigidity, transparency and moldability. Market key trends: One of the major trend driving the growth of the PET market is the rising demand for packaged food and beverages. Due to growing urbanization and changing lifestyles, there is growing demand for ready-to-eat foods and packaged beverages. PET is a preferred material for packaging such products due to its barrier protection,

Rising Demand from Aerospace Industry to Drive Growth Opportunities for the Cyanate Ester Resins Market

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Cyanate Ester Resins Market Market Overview: The cyanate ester resins market is estimated to be valued at US$ 211.8 million in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Cyanate ester resins offer excellent thermo-mechanical properties like high glass transition temperature, low moisture absorption and resistance to cracking. Their lightweight attributes make them suitable for applications in aerospace, electronics and defense industries. Market Dynamics: The market is expected to witness lucrative growth owing to increasing demand from the aerospace industry. Cyanate ester resins find wide usage in rocket motor cases, jet engines, missile panels and wind turbine blades due to their high strength, thermal stability and durability. Their lightweight characteristics allow aircraft manufacturers to reduce weight and increase fuel efficiency. Furthermore, rapid development of

Polypropylene Compounds Market Is Estimated To Witness High Growth Owing To Increasing Applications In Various End-Use Industries and Supportive Government Policies

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  Polypropylene Compounds Market The polypropylene compounds market is estimated to be valued at US$ 21.57 billion in 2022 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Polypropylene compounds are thermoplastic polymers derived from propylene. They are used to manufacture various plastic items like containers, automotive components, appliances, medical equipment and more due to their properties like corrosion resistance, lightweight, flexibility and impact strength. End use industries like packaging, automotive, medical and construction are major consumers of polypropylene compounds. Market Dynamics: The polypropylene compounds market is witnessing high growth owing to increasing applications in various end-use industries. The packaging industry consumes a large share of polypropylene compounds due to their chemical resistance, low cost and stiffness properties

Future Prospects of Polyolefin Resin Market

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Polyolefin Resin Market Market Overview: The Polyolefin Resin Market is estimated to be valued at US$ 243.41 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Polyolefin resins are widely used in various industries due to their excellent chemical resistance, low-cost manufacturing, and versatile properties. These resins find extensive applications in packaging, automotive, construction, electronics, and healthcare sectors. The market is driven by the increasing demand for flexible and rigid packaging solutions, the growing automotive industry, and the rising construction activities worldwide. Moreover, the shift towards sustainable and recyclable materials is further propelling the market growth, as polyolefin resins are recyclable and offer environmental benefits. The market presents numerous growth opportunities for manufacturers to expand their product offerings and cat

Graphite Market Size, Share, Outlook, and Opportunity Analysis, 2021 – 2028 | Coherent Market Insights

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  Graphite Market A carbon byproduct known as graphite is frequently utilised in refractories, lubricants, and building applications. It has a strong metal removal rate and great thermal shock resistance. Graphite is a non-metal material with great strength, stiffness, and excellent heat and electrical conductivity. They come in two varieties: natural graphite and synthetic graphite. In terms of revenue, Asia Pacific accounted for 40.00% of the worldwide Graphite Market in 2020, followed by Europe and North America, in that order. Due to increased acceptance of graphite in refractories and increased usage of graphite in the production of structural composite parts used in aircrafts, the Asia-Pacific region now controls the majority of the global graphite market. The Global Graphite Market Is Estimated To Be Valued At US$ 23,279.3 Million In 2021 And Is Expected To Exhibit A CAGR Of 13.2% Over The Forecast Period (2021-2028). The Graphite Market is expanding due to the increasing

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