■ 英語タイトル：Extruded Polystyrene Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA139 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The extruded polystyrene market is projected to register a CAGR of over 4% during the forecast period (2022-2027).

The market was negatively affected due to COVID-19 in 2020. Owing to the outbreak of COVID-19, many projects were halted in 2020 because of a lack of funds, labor shortage, and lockdown regulations. However, the construction industry is likely to witness growth in the coming years, owing to the activities in the economies such as China and India, thus, increasing the market for extruded polystyrene in the construction industry.

Key Highlights

• Over the medium term, the major factors driving the market studied are growth in construction and building activities worldwide and increased demand for insulation materials.
• On the flip side, the high cost of extruded polystyrene compared to its close substitutes is expected to hinder the market’s growth.
• The growing concern regarding global warming and increasing demand for sustainable solutions like the introduction of green buildings is expected to offer various opportunities for the growth of the market over the forecast period.
• By application, the residential segment is expected to dominate the market owing to the increasing expenditure on the construction of new buildings due to the growing population and increased renovation of buildings along with the adoption of the concept of green buildings.
• The Asia-Pacific region dominated the market across the world, with the largest consumption from countries such as China, India, and Japan.

Extruded Polystyrene Market Trends

Increasing Demand from the Residential Segment

• Extruded polystyrene (XPS) is a thermoplastic polymer with a closed-cell structure. It is considerably stronger with higher mechanical performance but is more expensive than its close substitute, expanded polystyrene (EPS).
• Extruded polystyrene is widely used in residential buildings in the form of rigid foam for the insulation of floors, roofs, walls, ceilings, and balconies owing to its properties, namely, high compressive strength and moisture resistance.
• Furthermore, extruded polystyrene is most widely used in the insulation of green buildings owing to its ability to reduce energy consumption by 6-8% and also the ability to reduce greenhouse gas emissions, namely, carbon dioxide and methane.
• In 2021, residential construction activity was estimated to be the fastest growing sector globally at 7.1%. The residential sector accounted for approximately 44% of total global construction, making it the largest sub-sector and a key driver of global growth.
• The US Census Bureau has been providing more permits for constructing new residential buildings due to the current trend of multi-family buildings and a rise in migration to cities.
• The total value of residential construction in the United States was about USD 740,755 million in Jan 2021 and reached about USD 838,351 million in Jan 2022, with a growth rate of approximately 13.2%.
• Indian government’s ‘Housing for All’ initiative aims to build more than 20 million affordable homes for the urban poor by 2022. This is expected to significantly boost residential construction, accounting for a third of the industry’s total value by 2023.
• Owing to all the factors mentioned above for extruded polystyrene, its demand from the residential segment is expected to increase over the forecast period.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region is expected to dominate the market for extruded polystyrene during the forecast period. In countries like China and India, owing to the growing population, increasing industrialization, urbanization, and living standards, the demand for extruded polystyrene has been growing.
• Governments of countries like India, China, and Japan have emphasized reducing greenhouse gas emissions because the adoption of green buildings is increasing in the region, and the demand for extruded polystyrene increases as it reduces the emission of harmful gases like carbon dioxide and methane.
• As the initial global epicenter of the pandemic, China’s construction sector witnessed its slowest construction growth in 30 years, expanding by just over 1%. Significant government stimulus efforts, mainly focused on infrastructure, have seen construction activity rebound in 2021 and support efforts in 2022. But over the medium-term, there will be less emphasis on infrastructure projects and more on developing nonresidential real estate investment.
• The rising expenditure on infrastructure development is expected to propel the extruded polystyrene market. Less than two weeks into 2022, China announced or kick-started significant infrastructure projects with a total investment of more than 3 trillion yuan ($471 billion).
• Also, China has the largest building market in the world, making up 20% of all construction investments globally. The country alone is expected to spend nearly USD 13 trillion on buildings by 2030.
• The construction sector of India has been growing at a higher rate owing to the increasing investments and increasing purchasing power of people. The government of India supports the higher growth of the construction sector through its schemes as the “Pradhan Mantri Awas Yojana (PMAY)” program aims to build 20 million urban homes and 30 million rural houses by 2022.
• In India, the Government plans to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country.
• The aforementioned factors and government support contribute to the increasing demand for extruded polystyrene during the forecast period.

Extruded Polystyrene Market Competitor Analysis

The extruded polystyrene market is fragmented, with players accounting for a marginal market share. Some key companies in the market include (not in any particular order) BASF SE, Knauf Insulation, DuPont, SAINT-GOBAIN, and Synthos, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Expanded Polystyrene (Eps) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA138 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、北ヨーロッパ、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：200 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The Global Expanded Polystyrene (EPS) Market is estimated to reach around 11,730 kilotons by the end of this year. The market is projected to register a CAGR of over 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. With the resumption of operations in major end-user industries, the market recovered significantly in 2021.

Key Highlights

• Over the short term, increasing demand for value and quality enriched products, including organic and fair trade and health and wellness goods, indicates a favorable potential demand for packaging materials. EPS is approved for use in conjunction with food products.
• On the flip side, the availability of alternative products for EPS and environmental regulations are hindering the growth of the market studied.
• The increasing demand for bio-based polystyrene and applications in marine floatation and floating decks are likely to act as opportunities for the studied market.
• The Asia Pacific accounts for the highest market share and is expected to dominate the market during the forecast period.

Expanded Polystyrene (EPS) Market Trends

Increasing Demand from the Packaging Industry

• EPS is one of the most cost-effective protective packaging materials available and is used worldwide to protect goods from transit damage. Because EPS offers an exceptional balance of lightness, rigidity, and shock absorption, it is frequently used to package delicate items like white goods and other fragile products.
• Expanded polystyrene is a light cellular plastic made up of tiny hollow spheres. Due to its closed cellular structure, EPS has numerous exceptional qualities that make it useful in a variety of packaging industries, including food packaging, industrial packaging, pharmaceutical packaging, etc.
• Industrial packaging frequently utilizes EPS packaging. Due to its shock absorption ability, EPS offers industrial items the perfect material for comprehensive protection and safety from risk during transit and handling. The hard, lightweight foam can be moulded into any shape to protect and insulate delicate things during storage and transportation, such as fragile medical equipment, electronic components, electrical consumer goods, toys, and horticultural products.
• According to a report published by PMMI, ‘The Association for Packaging and Processing Technologies,’ the value of the global packaging industry reached USD 42.2 billion in 2021, owing to the increasing population, growing sustainability concerns, more spending power in developing regions, and increasing demand for smart packaging, among others.
• According to the Packaging Industry Association of India (PIAI), the Indian packaging industry is expected to grow at a rate of 22% during the forecast period. Moreover, the Indian packaging market is expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% between 2020 and 2025. Therefore, the EPS foam market is expected to grow in the region.
• EPS is the perfect material for packing a variety of fish and food products. According to Statista, the global seafood market reached a value of USD 253 billion in 2021, and it is projected to reach USD 336 billion by 2025. As a result, the demand for EPS products used for seafood packaging is anticipated to grow throughout the forecast period.
• Furthermore, the Chinese packaging industry has grown at a rapid and consistent rate in recent years, owing to expanding economy and rising middle class with greater purchasing power. Food packaging is a major player in the packaging industry, accounting for roughly 60% of the total market share in China. According to Interpak, in China, in the foodstuff packaging category, total packaging is expected to reach 447 billion units in 2023.
• Due to the aforementioned factors, the market for expanded polystyrene in the packaging segment is likely to grow substantially during the forecast period.

Asia-Pacific to Dominate the Market

• China is the largest consumer in the Asia-Pacific region. China has the world’s largest and fastest-growing EPS market. Government proposals to improve public infrastructure and the rising cash-intensive non-residential construction are anticipated to increase the consumption of expanded polystyrene during the forecast period.
• The construction sector is a key player in China’s continued economic development. The value of construction output accounted for 25.7% of China’s GDP in 2021, up from 11.0% in 2020, according to the National Bureau of Statistics.
• According to China’s Five-Year Plan unveiled in January 2022, the construction industry is estimated to register a growth rate of 6% in 2022. Prefabricated parts, which are either partially or wholly manufactured and transported to construction sites for assembly, may account for over 30% of the new construction in the country.
• India is expected to have a digital economy of USD 1 trillion by 2025, and India’s electronics system design and manufacturing (ESDM) sector is expected to generate over USD 100 billion in economic value by 2025. Several policies, such as Make in India, National Policy of Electronics, Net Zero Imports in Electronics, and Zero Defect Zero Effect, offer a commitment to growth in domestic manufacturing, lowering import dependence, and energizing exports and manufacturing.
• According to the Society of Indian Automobile Association, the auto industry produced a total of 22,933,230 vehicles, including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles from April 2021 to March 2022, as against 22,655,609 units from April 2020 to March 2021.
• As per reports by the Japan Automobile Manufacturers Association (JAMA), the country produced 7,846,955 units of passenger cars and light vehicles in 2021. However, the industry witnessed a decline of 3% compared to the production numbers in 2020.
• All these factors are expected to increase the market for expanded polystyrene in the region during the forecast period.

Expanded Polystyrene (EPS) Market Competitor Analysis

The expanded polystyrene market is fragmented, with the major players (in no particular order) comprising Wuxi Xingda Foam Plastic New Material Limited, Loyal Group, BASF SE, Synthos, and Alpek SAB de CV.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Expanded Polypropylene (Epp) Foam Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA137 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、フランス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：200 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The Expanded Polypropylene (EPP) Foam Market size is estimated at around USD 993.81 million by the end of this year. The market is projected to register a CAGR of over 6.5% during the forecast period.

The market was negatively impacted due to the COVID-19 pandemic in 2020. However, the condition recovered in 2021, and it is expected to observe a stable growth trajectory over the forecast period.

Key Highlights

• Over the short term, the non-toxic and recyclable nature of the material and the rising demand from packaging industries are some of the driving factors which are stimulating the market demand.
• The declining automobile Industry through previous years and higher prices, among other structural foams available in the market, may hinder the market’s growth.
• On the flip side, higher prices, among other structural foams, are likely to act as restraints for the market studied during the forecast period.
• The rising demand for bio-based polypropylene foam, its emergence as a replacement for other products, and the increasing adoption of electric vehicles are likely to create opportunities for the market in the coming years.
• The Asia-Pacific region dominated the market and is expected to witness the highest CAGR over the forecast period.

Expanded Polypropylene (EPP) Foam Market Trends

Increasing Usage in the Automotive Industry

• The automotive sector is currently the largest consumer of EPP foams. The demand for EPP foams has increased over the years as the EU regulations on emissions have become more rigorous, and laws on recycling vehicles withdrawn from use have been introduced.
• Excellent recoverability and the ability to absorb the impact energy of EPP foams increase the usage of EPP foams in bumpers. In a collision, molded EPP parts built into bumper bar systems reduce pressure and minimize the amount of impact energy transmitted to the chassis.
• Increasing usage of EPP foams in seating and other automotive components reduces the overall weight of the vehicle by ~10%. The fuel consumption was reduced by ~7%. The share of recyclable materials in vehicles that can be reused is increasing simultaneously.
• In addition, increasing electric cars are promoting the EPP foam market’s growth, as EPP plays a significant role in making electric cars lightweight and thermally insulated and enhancing energy absorption capabilities.
• EPP foams are also used in the manufacturing of door pads, headliners, and mats. They make it possible to maintain a constant air temperature in the cockpit and generate ideal conditions for battery operations.
• According to the IEA 2021 Outlook, worldwide electric car sales doubled in 2021 and reached 6.6 million. The sales increased strongly in 2022, with 2 million electric cars sold across the globe in the first quarter of 2022.
• The Asia-Oceania and Americas regions recorded 46.73 million and 16.15 million of total automotive production in 2021, registering an increase of 6% and 3%, respectively, compared to 2020. However, Europe recorded 16.34 million of automotive production in 2021, a decrease of 4% compared to 2020.
• The aforementioned aspects may result in the automotive application dominating the market.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region dominated the global market share. In Asia-Pacific, China is the largest economy in terms of GDP.
• China is the largest consumer and manufacturer of EPP foams in the Asia-Pacific region. The growing manufacturing activities in the country are increasing the consumption of plastics and polymers in the region, which is expected to drive the expanded polypropylene (EPP) foam market.
• The country’s automotive sector has been shaping product evolution, with the country focusing on manufacturing products that ensure fuel economy and minimize emissions, owing to the increasing environmental concerns (due to mounting pollution in the country).
• The Chinese automotive manufacturing industry is the largest in the world. In 2021, the automotive production in the country reached 26.08 million, which increased by 3%, compared to 25.23 million vehicles produced in 2020. The increase in automotive production is estimated to drive the demand for EPP foam.
• Additionally, the market competition in China has become increasingly fierce in the food and beverage industry, which has enabled companies to tap into overseas markets to seek more resources and business opportunities.
• The Indian packaging industry has made a mark with its exports and imports, thus driving technology and innovation growth in the country and adding value to the various manufacturing sectors. The packaging industry is enacting the role of catalyst in promoting the huge growth of the market studied in India. Furthermore, the country has been exhibiting a significant demand for packed foods for the past few years. This scenario is expected to continue during the forecast period, thus boosting the demand for the market studied.
• The Indian furniture market is also very strong. According to InvestIndia (National Investment Promotion and Facilitation Agency), the total rental furniture and appliances market in India reached INR 33,500 crores during FY21. The market is expected to garner USD 61.09 billion by the end of 2023.
• Due to all such factors, the market for expanded polypropylene foam in the region is expected to have steady growth during the forecast period.

Expanded Polypropylene (EPP) Foam Market Competitor Analysis

The expanded polypropylene foam market is consolidated. Some of the major players in the market include BASF SE, JSP, Hanwha Solutions, BEWI (Izoblok), and Kaneka Corporation, among others (not in any particular order).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethyleneamines Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA136 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：150 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The ethyleneamines market is projected to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic adversely impacted the market for ethyleneamines because of its dependency on the textile, automotive, and chemical industries. The COVID-19 pandemic had a significant impact on worldwide auto manufacturing in 2020. The risk of infections among employees in locations where ethyleneamines generate lubricants led to the closure or reduction of operations at several automobile companies. It temporarily reduced the demand for ethyleneamines during the COVID-19 period. However, the market is growing steadily, owing to increased automotive and industrial activities from 2021.

Key Highlights

• Over the short term, increasing demand from various end-use industries​, accelerating demand for pesticides from developing countries, and ​developing consumer awareness concerning cleanliness and hygiene ​are major factors driving the growth of the market studied.
• However, the hazardous health effects due to direct exposure, and increasing usage of bio-based products for agriculture in developed countries​ are the key factor anticipated to restrain the growth of the target industry over the forecast period.
• Nevertheless, the increasing R&D for new product development​ is likely to create lucrative growth opportunities for the global market soon.
• Asia-Pacific is estimated to witness healthy growth over the assessment period in the ethyleneamines market due to the wide usage of ethyleneamines in end-use application segments, such as automotive, pharmaceutical, and other industries,

Ethyleneamines Market Trends

The Adhesives, Paints, and Resins Industry to Dominate the Market

• Thermoplastic polyamide resins made from dimer acid and ethylenediamine are used as hot-melt adhesives and as binders for printing inks (flexographic or rotogravure). ​
• Other di-functional amines, like piperazine and 1,2-propylene diamine, are also used at times to modify specific physical properties (such as melting point) of the resin, majorly polyamide resin. Also, small amounts of other ethyleneamines, such as DETA or TETA, might be used to modify the properties of the polyamides. Owing to the input of amide functionality in adhesives, they tend to exhibit outstanding adhesion to various substrates, including metal, leather, plastic, wood, and glass. ​
• The demand for plastic products has risen since engineering polymers are stronger and more lasting than standard ones. According to PlasticsEurope, global plastics production reached 390.7 million metric tons in 2021, an annual increase of four per cent compared to 375.5 million metric tons in 2020.
• Additionally, ethyleneamines are also used for curing epoxy resins. Ethyleneamines and their derivatives are used in epoxy products, such as coatings, adhesives, and other applications that are cured under ambient conditions.​
• According to the Department for Promotion of Industry and Internal Trade, in the fiscal year 2021, the trade value of India’s paint sector exceeded INR 46 billion (USD 560 million). In the country, the value of exported paint and allied items was around INR 17.4 billion Indian, compared to over INR 29 billion (USD 350 million) in import value.
• Adhesives and resins are widely used in the packaging, construction, and transportation industries. The growing e-commerce market and retail sales are driving the packaging market in countries like China, Japan, and India. ​
• Additionally, the construction sector is booming in India, China, and Southeast Asia, owing to growing investment in infrastructure projects and the demand for more housing.​
• The growing population and increased demand for adhesives, paints, and resins are expected to fuel the growth of the global ethyleneamines market. Hence, with the growing demand from various applications, the demand for ethylenediamine is expected to increase over the forecast period considerably.

Asia-Pacific to Dominate the Market

• The Asia-Pacific region is expected to dominate the market for ethyleneamines during the forecast period due to the growing demand for products in the automotive and agrochemicals industry.
• China and India account for the major demand for ethyleneamines, and China is the major producer of ethyleneamines in this region. Ethyleneamines are used in a large number of industries in China, including personal care, textile, adhesives and paints, automotive, and several others.
• The Chinese automobile sector has experienced rapid growth over the past decade, with China recently becoming the world’s largest producer of automobiles, therefore increasing consumption of ethyleneamines. According to OICA, China’s automobile production reached 26,082,220 units in 2021 and registered a growth of 2% when compared to 25,225,242 units in 2020.
• As per the India Brand Equity Foundation, the market size of the textile industry reached USD 223 billion in 2021 and has noticed a huge growth compared to USD 150 billion in 2020.
• Demand for ethylenamines in India is going to increase after the government made new regulations and policies for the automotive industry. This is expected to boost the demand for ethyleneamines due to its requirement as a fuel additive.
• Both China and India’s demand for ethyleneamines in the oil and gas sector has increased due to a huge amount of consumption, owing to its requirement in the refining processes.
• Overall, with the consistent growth in countries, like China, India, Japan, and Malaysia, the demand for ethyleneamines is expected to increase at a faster pace in the region.

Ethyleneamines Market Competitor Analysis

The ethyleneamines market is highly consolidated in nature. The major players include (not in any particular order) Huntsman International LLC, Dow, Nouryon, BASF SE, and Tosoh Corporation.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethylene Vinyl Acetate (Eva) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA135 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、フランス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The global ethylene-vinyl acetate (EVA) market is anticipated to register a CAGR of over 4% during the forecast period.

The COVID-19 pandemic impacted the market in 2020. As a result of months of lockdowns, international travel bans and retail business closures, sales, purchases, and usage fell across many end-user segments. However, the demand for ethylene-vinyl acetate (EVA) increased in 2021 and 2022.

Key Highlights

• Over the short term, the growing demand for ethylene-vinyl acetate (EVA) from the packaging industry and the rising usage in the solar industry are expected to drive the market.
• On the flip side, the increasing threat of substitutes is expected to hinder the growth of the market studied.
• The rising demand for agricultural applications is expected to offer opportunities for the market to grow over the forecast period.
• The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period as the economies in the region are driving the market, leading to increased spending capacities among the people.

Ethylene Vinyl Acetate (EVA) Market Trends

Rising Product Usage in the Films Application

• Ethylene vinyl acetate, or EVA, is a copolymer of ethylene and vinyl acetate. It is an extremely elastic and tough thermoplastic of excellent clarity and glosses with little odor.
• EVA has good flex crack and puncture resistance, and it is relatively inert, adheres well to many substrates, and is heat sealable, which makes its use in film applications attractive.
• Although EVA is used in numerous film applications, this resin is not used unaided but is combined with other film resins.
• As per the flexible packaging association, flexible packaging represents approximately 20% of the total packaging and is the second largest packaging segment behind corrugated paper.
• Moreover, in the flexible packaging segment, films and resins account for the largest input, accounting for over 66.67% of total flexible packaging material purchases.
• EVA is only an average barrier to gases and moisture, which does not make it the first preference for food packaging applications and, as a result, is more often replaced by metallocene PE in many of these applications.
• However, EVA remains an important packaging material, and the demand is expected to remain strong primarily for non-food applications.
• Owing to the aforementioned factors, the demand for EVA films is expected to grow during the forecast period.

Asia Pacific to Dominate the Market

• The Asia-Pacific market is the largest Ethylene Vinyl Acetate (EVA) market and is also expected to remain the largest market over the forecast period, owing to the major demand from China and India, majorly for the applications in the adhesive and packaging industry.
• EVA is also increasingly used in footwear, hockey pads, martial art gloves, and other sports goods due to its shock absorber property.
• China is among the top packaging industry in the world. The country is expected to witness consistent growth during the forecast period, owing to the rise of customized packaging in the food segment, like microwave food, snack foods, and frozen foods, along with increased exports.​
• As per various reports, the Chinese Adhesives Market stood at USD 11.33 billion in 2022 and is projected to register a CAGR of 6.90% to reach USD 16.90 billion in 2028.
• According to Invest India, the Indian market for paper and paperboard packaging materials was valued at USD 10.77 billion in 2021. It is expected to register a CAGR of 6.63% and to reach USD 15.69 billion by 2027.
• The flexible packaging utilizes significant amount of EVA. As per the IBEF, the flexible packiging sector in India comprises 64% of the total packaging in the country.
• Moreover, the increasing trends observed in the packaging materials exported from India are also favouring the market for EVA. According to IBEF, India’s exports of packaging materials increased from USD 844 million in FY 2018–19 to USD 1,119 million in 2021–2022 at a CAGR of 9.9%.
• All the aforementioned factors are expected to boost the demand for the market studied over the forecast period.

Ethylene Vinyl Acetate (EVA) Market Competitor Analysis

The global ethylene-vinyl acetate market is fragmented in nature, with only top players together accounting for approximately 30% of the total market. The key players in the market studied (not in any particular order) include Hanwha Solutions, Dow, Exxon Mobil Corporation, Celanese Corporation, and Sipchem Company.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethylene Propylene Diene Monomer (Epdm) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA134 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、フランス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：170 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The ethylene propylene diene monomer market is expected to grow with a CAGR of more than 4% during the forecast period.

The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels.

Key Highlights

• Over the medium term, the major factor driving the growth of the market studied is the growing demand from the construction industry and the growth in the electric vehicles market.
• Since EPDM is derived from petroleum-based raw materials, the fluctuations in oil prices can restrain the market studied.
• The emergence of bio-based EPDM can be seen as an opportunity for the market studied.
• Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period.

Ethylene Propylene Diene Monomer Market Trends

Automotive Segment to Dominate the Market

• Ethylene propylene diene monomer (EPDM) rubber is a copolymer of propylene, ethylene, and a small amount of non-conjugated diene monomers used in the automotive industry for various applications as weatherstripping, sealing systems for glass and windows, hose, and tubing, tires, and belts amongst others.
• Weatherstripping or weather seals is a system that seals any openings. They are flexible or semi-rigid and can take vibrations caused by vehicle movement.
• Weatherstripping is used to prevent the entry of water and rain partially or completely into the automobile from outside by either rerouting or returning the water. Also, it prevents the movement of air from the automotive interior to the outside and vice versa. This helps in saving energy on heating, ventilation, and air conditioning (HVAC).
• Each door in the automobile will need at least 20 feet of material, and every window requires a minimum of 10 feet of material. The trunk of the automobile may also require much larger amounts of material depending on the size of the automobile. It indicates the demand for rubber in the automobile for weather stripping and sealing applications.
• EPDM’s resistance to abrasion, cutting, tearing, and tensile strength, EPDM is preferred in most applications. EPDM rubber is used for weather strip and sealing applications in almost all automobiles, such as passenger cars, lightweight commercial vehicles, busses, coaches, and heavy trucks, of which light commercial vehicles dominate the weather strip and sealing application.
• Globally, according to OICA, the sales of vehicles (all types) in the year 2021 were 82.68 million units, and the total production was 80.14 million units.
• The total production of cars in the United States in 2021 was 1.56 million units, and that of commercial vehicles was 7.60 million units registering an increase of 4%.
• Hence, owing to the above-mentioned aspects, the automotive segment is expected to dominate the market.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific dominated the market with a share and is likely to continue its dominance during the forecast period. Asia-Pacific is a hub for automotive and construction industries globally and is the major region driving the demand for EPDM.
• The Chinese automotive manufacturing industry is the largest in the world. The country observed a growth of 3% in the production of commercial vehicles and cars in the year 2021, with a total production of 26.08 million vehicles.
• China’s revenue from consumer electronics is expected to show an annual growth rate of 2.04%, resulting in a projected market volume of USD 175,670 million by 2025.
• The construction industry is the second-largest industry in India, with a GDP contribution of about 9%. It is predicted that the Indian construction industry is expected to emerge as the third-largest market in the world, with a size of almost USD 1 trillion by the end of the forecast period.
• The Japanese electrical and electronics industry is one of the world’s leading industries. In 2021, domestic production by the Japanese electronics industry surged by 11% year-on-year to JPY 10,932.2 billion (~ USD 99.75 billion) due to the strong export performance of electronic components and devices and the growth in telecommunications infrastructure equipment due to lifestyle changes.
• All the aforementioned factors, in turn, are projected to have a significant impact on the market during the forecast period.

Ethylene Propylene Diene Monomer Market Competitor Analysis

The ethylene propylene diene monomer (EPDM) market is consolidated, with the top five players accounting for a major share. The key players include Dow, ARLANXEO., Exxon Mobil Corporation., Versalis S.p.A, and KUMHO POLYCHEM (not in any particular order).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethylene Oxide Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA133 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：160 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The ethylene oxide market is expected to grow with a CAGR of over 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. The global beauty and personal care industry has been significantly affected by the COVID-19 pandemic. Though the industry has restructured itself to engage in the production of hand sanitizers and cleaning agents, however, the drop in sales has been significant. The demand from the industry has recovered in 2021 and is likely to grow at a moderate rate in the coming years.

Key Highlights

• Over the short term, the major factors driving the market are the growing usage of PET in the food and beverage industry, increasing demand for household and personal care products in developing countries, and growing demand for antifreeze agents.
• However, the health and environmental effects of high exposure can hinder market growth.
• Using bio-derived ethylene over petro-based ethylene for production can act as an opportunity for the market studied.
• The Asia-Pacific region is expected to witness the highest market share and fastest growth during the forecast period.

Ethylene Oxide Market Trends

Increasing Demand from the Textile Industry

• The textile industry is a major end-user industry for ethylene oxide as the derivatives are used for the treatment of a wide variety of natural and synthetic fibers, as precursors for certain compounds providing durable press, light stabilization of spandex fibers, shrink-proofing wool, static prevention, and mothproofing, among others.
• India, China, and United States represent major textile manufacturing countries in the world. With rising demand, growing investments, and improved infrastructure facilities, the demand from the sector is likely to increase in the forecast period.
• In May 2022, the Center of Excellence for Khadi (CoEK) at NIFT in Delhi was inaugurated in India to produce innovative fabrics and apparel. The aim is to meet the needs of both domestic and foreign consumers by introducing new designs and adopting international standards.
• China is one of the largest producers and exporters of textiles in the world. In October 2022, textile production in China was 3.18 billion meters.
• The United States exported USD 1,803.93 Million worth of textiles and apparel to the European Union while the exports to the ASEAN countries were worth USD 509.86 million from January 2022 to October 2022.
• Thus, all the above-mentioned factors are expected to show a significant impact on the market growth during the forecast period.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region dominates the global ethylene oxide market currently. China accounts for the major consumption of ethylene oxide and its derivatives in the Asia-Pacific region.
• Asia-Pacific has also become the largest consumer and producer of surfactants. The production has reached very high levels, becoming a major hub for the exporting of cosmetics and personal care products to developed nations, such as the United States.
• China’s textile industry is one of the major industries, and the country is the largest clothing exporter across the world. In the first half of 2022, the export value of textiles and apparel increased by 10% compared to the previous year.
• China is a major producer of PET resins with the PetroChina Group and Jiangsu Sangfangxiang among the largest global manufacturers in terms of volume, with capacities of more than 2 million tons. Thus, the rising demand for PET from end-user industries is driving the demand for ethylene oxide.
• Also, the region is the largest automotive manufacturing hub, registering almost 60% share of the world. According to OICA, in the year 2021, the total production of vehicles stood at 26.08 million units registering an increase of 3% compared to the previous year.
• To encourage the development of weavers and artisans in Manipur, India, Amazon India signed an MoU with Manipur Handloom and Handicrafts Development Corporation Limited in June 2022.
• Hence, owing to the above-mentioned factors, Asia-Pacific is likely to witness the highest market share during the forecast period.

Ethylene Oxide Market Competitor Analysis

The ethylene oxide market is partially consolidated in nature. Some of the key players in the market include Shell plc, China Petrochemical Corporation, Dow, SABIC, and BASF SE (not in any particular order).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethylene Carbonate Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA132 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、フランス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The ethylene carbonate market was valued at around USD 782.51 million in 2021 and is projected to register a CAGR of over 9% during the forecast period 2022-2027.

The ethylene carbonate market has grown in recent years. With the increase in demand for electric vehicle (EV) and device manufacturing units, there has been an increase in lithium battery and lithium consumption, which, in turn, resulted in positive growth for the ethylene carbonate market.

· Over the medium term, the factors affecting the growth of the ethylene carbonate market include the rising number of applications for intermediates in the chemical sector and the growing need for lithium batteries in the automobile sector.

· However, on the flip side, rising health hazards due to the toxicity of ethylene carbonate and replacement prospects by other substitutes are expected to hinder the market’s growth.

· Asia-Pacific is expected to dominate the global market owing to its highly developed electronics sector and high production of lithium-ion batteries.

Ethylene Carbonate Market Trends

Increasing Demand for Lithium Batteries

· Ethylene carbonate is being increasingly used as electrolytes in lithium-ion batteries. A modern lithium-ion battery (LIB) contains a graphite anode, a lithium metal oxide cathode, and an electrolyte solution doped with a lithium solution, such as lithium hexafluorophosphate, in a mixed organic solvent, which is often ethylene carbonate.

· Li-ion battery demand has been boosted by the introduction of new and intriguing sectors with both commercial and industrial applications. The need for li-ion batteries from the data center and material handling industries has increased in recent years, particularly in emerging nations.

· According to EV Volumes data, the total sales of electric vehicles across the globe in 2021 was 6750 thousand units, which was a significant increase compared to 3240 thousand units in 2020.

· Due to government regulations on fossil fuel engines, there has been a rapid expansion in electric vehicle demand, which significantly influences the demand for lithium batteries.

· The rising number of electronics, growing demand for mobiles, increasing energy-saving sources, and technological advancements in developed regions are driving the demand for batteries. These factors are expected to drive the ethylene carbonate market during the forecast period.

Asia-Pacific Region to Dominate the Market

· Asia-Pacific is expected to dominate the market owing to its highly developed electronics sector and high production of lithium-ion batteries in China and Japan, coupled with continuous investments in the region over the years to advance lithium technology.

· Besides, the growing government regulations on combustion engines in Asia increased the need for various electric vehicles in China, Japan, and India, which is increasing the demand for ethylene carbonate in various applications.

· According to Japan’s Ministry of Economy, Trade, and Industry (METI), Japanese businesses have been leading the industry in lithium-ion battery manufacturing in recent years. These batteries are now being utilized in gadgets and vehicles.

· Ethylene carbonate is an intermediate and is also employed in pharmaceuticals and chemical applications to produce various drugs and chemical solutions.

· China is the second-largest market for pharmaceuticals globally. The market for pharmaceuticals is growing rapidly, owing to the growing middle-class and aging population in the country, rising incomes, and increasing urbanization.

· In China, according to CEIC Data, the revenue from pharmaceuticals in September 2021 amounted to CNY 2,374,060 million compared to CNY 2,090,150 million in August 2021.

· All the abovementioned factors are expected to augment the demand for ethylene carbonate in the region over the coming years.

Ethylene Carbonate Market Competitor Analysis

The ethylene carbonate market is partially consolidated in nature, with a few major players dominating a significant portion of the market. Some of the major companies include BASF SE, Huntsman International LLC, Mitsubishi Chemical Corporation, OUCC, and Merck KGaA.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethylbenzene Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA131 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ロシア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

During the forecast period, the market for ethylbenzene is expected to register a CAGR of more than 4%.

The market was negatively impacted by COVID-19 in 2020. However, the market recovered significantly in the 2021–22 period, and the construction and automotive manufacturing activities have reinstated the demand for ethylbenzene-based polymer and other products, including automotive dashboards, exterior panels, styrene-acrylic emulsions, solvents and reagents for paints and coatings, and others. The pandemic had increased the demand for packaging from the food and e-commerce industries, thereby stimulating the demand for the market studied.

Key Highlights

• The increasing demand for styrene from various end-user industries and the increasing usage of ethylbenzene in the recovery of natural gas are expected to drive the market’s growth.
• On the other hand, strict rules about using ethylbenzene are likely to slow the growth of the market that was studied.
• Ethylbenzene application as a solvent and reagent in the production of various products, such as paints and coatings, adhesives, and cleaning materials, will likely provide new growth opportunities for the market.
• Asia-Pacific dominated the market across the world, with the largest consumption coming from countries such as China and South Korea.

Ethylbenzene Market Trends

Styrene Production to Dominate the Market

• Styrene production will have a positive influence on ethylbenzene market demand. Styrene is a precursor to several industrial polymers, including acrylonitrile-butadiene-styrene, polystyrene, styrene-butadiene elastomers and latex, styrene-acrylonitrile resins, and unsaturated polyester.
• The aforementioned styrene-based polymers, elastomers, and resins find a wide range of applications in various end-user industries, such as electronics, packaging, agriculture, petrochemicals, and construction. Polystyrene is majorly used in disposables, packaging, and low-cost consumer products.
• According to World Bank, in 2021, the top exporters of styrene polymers were the Netherlands (USD 620,100.91 thousand), Turkey (USD 291,832.22 thousand), Belgium (USD 248,619.88 thousand), and Greece (USD 248,471.97 thousand).
• According to OEC, in September 2022 China’s styrene polymers exports accounted for USD 73.9 million. Between September 2021 and September 2022 the exports of China’s styrene polymers have increased by USD 21.9 million (42.1%) from USD 52 million to USD 73.9 million.
• According to the World Bank, United States exports of styrene polymers (expansible polystyrene) in primary forms was USD 198,686.76 thousand and a quantity of 97,729,500 Kg.
• The cyclic hydrocarbon styrene imports in India stood at 907.04 kilotons in FY2021-22, and the consumption is likely to increase as per the rising demand in the country.
• The demand for styrene is continuously growing due to an increased demand for rubber tires. According to the European Rubber Journal’s annual global sector survey, sales among leading Chinese suppliers increased by 30% year-on-year in 2021 to reach USD 1,561 million. It is further expected to increase in the upcoming year
• Therefore, the aforementioned factors are expected to significantly impact the market in the coming years

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region dominated the global market share. With growing construction and packaging industries and increasing applications as solvents and reagents in paints and coatings, dyes, perfumes, inks, and synthetic rubber in countries such as China, India, and Japan, the usage of ethylbenzene has been increasing in the region.
• Ethylbenzene is mainly used for the production of styrene, which further gets processed to form polystyrene, a major raw material for packaging products. According to the India Brand Equity Foundation, India is emerging as a key exporter of packaging materials in the global market. The export of packaging materials from India grew to USD 1,119 million in 2021–22 from USD 844 million in 2018–19. This increase in the demand for packaging within the country is stimulating the demand for the market studied.
• With increasing investments in public infrastructure, renewable energy, infrastructure, and commercial projects, the construction sector is expected to record growth at a moderate pace over the next few years, thereby improving both consumer and investor confidence and, in turn, stimulating the demand for ethylbenzene over the forecast period.
• According to the National Bureau of Statistics of China, in 2021, the value added of construction enterprises in China was CNY 8,013.8 billion (USD 1,248.42 billion), up by 2.1 percent over the previous year, thereby enhancing the demand for paints and coatings and ethylbenzene-based polymers from the construction industry, which in turn stimulates the demand for the studied market.
• The demand for lightweight automotive materials has increased during this period, owing to the increased demand from the electric vehicle segment. Ethylbenzene-based polymers, including acrylonitrile-butadiene-styrene and others, are used for manufacturing various automotive exterior and interior parts, including dashboards, exterior panels, bumpers, and others.
• In 2021, around 2,14,81,537 passenger cars were sold in China compared to 2,01,77,731 passenger cars sold in 2020, witnessing an increase of about 6%, thus leading to a surge in the demand for raw materials used to produce automotive parts such as dashboards, among others, which in turn positively impacted the demand for the market studied.
• The Indian passenger vehicle market saw a staggering 27% growth, as the sales estimated for FY2021–22 are 30,82,279, compared to 24,33,473 in FY 2020–21.
• According to the Japan Electronics and Information Technology Industries Association (JEITA), with the advance of digitalization boosting demand and expanding exports, global production by Japanese electronics and IT companies grew by 8% year on year in 2021, reaching JPY 37,300 billion. This growth in the electronics segment will enhance the demand for the ethylbenzene market in the coming years.
• Therefore, the aforementioned factors are expected to have a significant impact on the market in the coming years.

Ethylbenzene Market Competitor Analysis

The ethylbenzene market is partially fragmented in nature. The major companies include LyondellBasell Industries Holdings B.V., INEOS, Honeywell International Inc, Chevron Phillips Chemical Company LLC, and Dow, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethyl Alcohol (Ethanol) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA130 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、フランス、イタリア、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：150 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The ethyl alcohol (ethanol) market size is projected to register a CAGR of over 5% during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2021. Beverage manufacturers are affected by the shortage of labor and raw materials essential for the production process. The demand is also expected to be affected by the uncertainties in consumer demand as pandemics have surged healthy food habits, and consumers are focusing on home dining as several governments have initiated preventive measures such as banning mass gatherings, especially in restaurants.

Key Highlights

• Over the short term, major factors driving the growth of the market studied are the rising demand for ethanol as biofuel, the growing use in beer production and food processing, and stringent government policies to restrict the usage of fossil fuels. On the flip side, an increase in awareness about the ill effects of alcohol consumption and the advent of hybrid electric vehicles are likely to hamper the growth of the market studied.
• The fuel segment dominated the market, and it is likely to grow during the forecast period, owing to the increased practice of ethanol blending with gasoline across the world.
• The surging demand to produce ethanol from corn and sugar is likely to provide opportunities for the market studied during the forecast period.
• North America dominated the market across the world due to increasing regulations and rising demand for the food processing industry.

Ethyl Alcohol (Ethanol) Market Trends

Automotive and Transportation Segment to Dominate the Market

• Crude oil and natural gas have been the major sources of energy for the automotive industries for many decades. Due to the negative environmental impact of the increasing consumption of crude oil and natural gas worldwide, as well as the high prices of crude oil, biofuels, such as bioethanol, are considered the viable alternatives to crude oil and natural gas as fuel for the automotive industries.
• Ethanol is the cheapest additive to petrol, with an octane rating of 114. It helps in reducing the cost for manufacturers and consumers. The ethanol market is directly affected by the consumption of fuel. Ethanol helps to reduce the emission of air toxins, carbon monoxide, particulate matter, nitrous oxides, and exhaust hydrocarbons by displacing aromatics in petroleum products.
• According to the Ministry of Petroleum and Natural Gas, The Indian government is targeting a motor fuel blending rate of E10 (10:90 ethanol: gasoline) by 2022 and brought forward its ethanol E20 target to 2023.
• European countries are majorly using 5% ethanol-blended fuel. The region is focusing on reducing the carbon dioxide emission from transportation through 10-20% ethanol blending based on the countries’ infrastructure.
• In the current market scenario, the United States is a net importer of petroleum to meet the energy demand in the country. About 98% of gasoline in the United States contains ethanol, typically E10. If ethanol had not been domestically produced and consumed, the consumption of petroleum would have been significantly higher in the United States, as transportation accounts for about 75% of the total petroleum consumption in the country.
• Hence, all such trends in the market are likely to drive the demand for ethanol in the automotive and transportation segment during the forecast period.

North American Region to Dominate the Market

• The North American region dominated the global market share. Stringent regulations toward reducing the usage of fossil fuels and rising demand from the food processing industry have been driving the demand for ethanol in the region.
• The government in the countries such as the United States, Canada, and Mexico, have been focusing on reducing the usage of fossil fuels and the pollution caused by them. In this regard, the region has been resorting to ethanol-blended fuels, which serves as one of the major factors driving the growth of the ethanol market in the region.
• The United States is the world leader in the production, consumption, and export of ethanol. Poet Biorefining is the largest ethanol producer in the United States. As of December 2021, the company had an ethanol production capacity of 2.7 billion gallons per annum across 33 plants in the Midwest.
• According to US Energy Information Administration, the United States fuel ethanol production capacity was 17.5 billion gal/y as of January 1, 2021, as reported by 197 producers, an increase of 0.2 billion gal/y since the beginning of 2020. Thus, increased production and consumption capacities of ethanol are likely to boost demand for ethyl alcohol.
• According to the Mexican Chamber of Cosmetic Products (CANIPEC), the Mexican cosmetics market was valued at around USD 7.14 billion in 2020 and held the 2nd position in the Latin American market and 10th in the world. Growing demand for premium skin care products, along with the need for a better lifestyle, is driving the market for personal care in the country, positively impacting the demand for ethyl alcohol.
• Hence, all such market trends are expected to drive the demand for ethanol in the region during the forecast period.

Ethyl Alcohol (Ethanol) Market Competitor Analysis

The ethyl alcohol (ethanol) market is fragmented in nature. Some of the major players (not in any particular order) in the market include ADM, POET LLC, Valero, Green Plains Inc., and Bunge North America Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethyl Acetate Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA129 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The global ethyl acetate market is projected to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic affected the sales of paints and coatings as construction activities were halted. However, the market recovered in the 2021-22 period, owing to rising consumption from various end-user industries such as automotive, food and beverages, and others. The demand for drugs like paracetamol, which consumes ethyl acetate-derived intermediates, has increased, thus stimulating the market demand in the pharmaceutical sector.

Key Highlights

• The major factor driving the market’s growth is expected to be increasing demand from flexible packaging industries and applications in the paints and coatings industry. Additionally, stringent regulatory norms for natural leather production are likely to favor the market’s growth.
• On the flip side, the replacement of conventional coatings with water-borne and high-solid coatings may hinder the growth of the ethyl acetate market.
• Innovations in the production of ethanol from coal/natural gas will likely provide new growth opportunities for the market.
• The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Ethyl Acetate Market Trends

Increasing Demand from the Paints and Coatings Industry

• The paints and coatings application segment accounted for the largest share of the ethyl acetate market. Ethyl acetate is used in paints as an activator or hardener. It is also used as an industrial solvent in coatings, adhesives, and rayon, primarily to dissolve the material. It is a common ingredient in lacquers, varnishes, and thinners that coat surfaces.
• The paints and coatings produced globally decorate and protect new construction and maintain existing structures, including residential homes and apartments, public buildings, and plants and factories. The remaining coatings are used to decorate and protect industrial products. Increased usage of paints and coatings is estimated to fuel the market for ethyl acetate.
• In addition, the increasing demand for epoxy coatings in the global aerospace and food and beverage sectors is expected to positively impact the demand for ethyl acetate over the forecast period.
• According to the American Coatings Association, the United States’s paint and coatings industry is USD 26 billion. The United States exported USD 2.5 billion in paint and coatings products in 2021.
• The American Coatings Association also forecasts that paint demand in the Asia-Pacific will be at 29.5 billion liters valued at USD 100 billion by 2023. The Asia-Pacific will continue to produce and use more solvent-borne coatings than North America or Europe, but it will steadily switch these systems to compliant, sustainable, and green systems.
• According to Paintindia, the Indian paint industry is worth over INR 62,000 crores (USD 8 billion) and is one of the fastest-growing major paint economies in the world. The country has over 3,000 paint manufacturers, with nearly all global majors present in the country.
• The automotive industry is a major end-user of the paints and coating industry. Coating protects a vehicle’s paint from road damage and the sun’s ultraviolet rays, thereby reducing the amount of oxidization.
• According to the OICA, the total number of vehicles produced in 2021 was 80,145,988 and witnessed a growth rate of 3% compared to 2020. The Asia-Pacific region holds the highest production share in the global automotive market with 46,732,785 units in 2021.

Asia-Pacific Region to Dominate the Demand

• Asia-Pacific is expected to dominate the market studied during the forecast period. Moreover, significant growth rates are expected to be witnessed in Asia-Pacific, owing to increases in household incomes and urbanization rates in countries such as China, India, Malaysia, etc.
• China is considered to be the largest passenger car manufacturer in the world. Sales of passenger cars in China rose 4.4% Y-o-Y to 20.15 million units in 2021.
• The Shanghai Automotive Industry Corporation is China’s leading vehicle manufacturer. The company sold over 5.46 million vehicles and delivered more than 5.81 million vehicles in 2021, a Y-o-Y increase of 5.5%. Thus, increased automotive vehicle sales are likely to boost the market for ethyl acetate used in automotive paints and coatings.
• The demand for ethyl acetate in India has been growing at a steady rate in the recent past. Automotive, food and beverage, and packaging are the key end-user industries that account for significant shares in the consumption of ethyl acetate in the country.
• According to the India Brand Equity Foundation, India is emerging as a key exporter of packaging materials in the global market. The export of packaging materials from India grew at a CAGR of 9.9% to USD 1,119 million in 2021-22 from USD 844 million in 2018-19. This increase in the demand for packaging within the country is stimulating the demand for the market studied.
• In India, the demand for artificial leather is increasing in the automotive industry due to its breathability, heat-resistant properties, and elasticity. It is being used for door trims, sun visors, roof lining, and other cars, buses, trucks, bikes, steering wheel covers, knob covers, and gear boots. Thus, growth in the demand for artificial leather is estimated to fuel the market for ethyl acetate.
• According to the Society of Indian Automobile Association, the auto industry produced a total of 22,933,230 vehicles, including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles from April 2021 to March 2022, as against 22,655,609 units from April 2020 to March 2021.
• As per reports by the Japan Automobile Manufacturers Association (JAMA), the country produced 7,846,955 units of passenger cars and light vehicles in 2021.
• Due to all such factors, the market for ethyl acetate in the region is expected to have a steady growth during the forecast period.

Ethyl Acetate Market Competitor Analysis

The ethyl acetate market is consolidated. Some major players in the market include (not in any particular order) INEOS, Sipchem, Celanese Corporation, Eastman Chemical Company, and Daicel Corporation, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Ethanolamines Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA128 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：150 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The ethanolamines market is expected to record a CAGR of more than 4% during the forecast period (2022-2027).

Ethanolamines are obtained commercially through the reaction of ethylene oxide with ammonia. During further rectification, monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine (TEA) are separated. Owing to the COVID-19 outbreak, governments around the world took various measures, such as lockdowns, to curb its spread, and this has led to a halt of operations in many sectors, affecting the market. However, the ethanolamines market is expected to register a positive growth rate during the forecasting period (2022-2027).

Key Highlights

• The major factor driving the market studied is the rising demand for applications, including glyphosate herbicides and corrosion inhibitors, for metal protection.
• The increasing weed resistance to weaken the demand for glyphosate is likely to hinder the market’s growth.

Ethanolamines Market Trends

Metallurgy and Metalworking to Dominate the Market

• Metalworking is the process of cutting, forming, and joining a metal for end-use applications. It is used for various applications, such as shipbuilding, construction, jewelry, automotive, and aerospace. Some of the commonly used metalworking machines include lathe, arc welder, mill, and computer numerical control (CNC) machines.
• Metalworking is classified into three prime methods, namely, hot-working, cold-working, and extruding. The aforementioned processes generate huge amounts of heat and utilize water, which may corrode surfaces. Thus, lubricants and metalworking fluids are used during the metalworking procedure in order to ease the process and ensure the smooth and efficient functioning of machines.
• Ethanolamines are used in the production of metalworking fluids and are also used as an antifreeze additive in lubricants for metalworking.
• In the Asia-Pacific region, China has been the leading consumer, followed by the United States in the North American region. The metalworking fluids market is complex, with a variety of applications, changing trends, and market developments. Health and safety regulations, new machining techniques, and new material technology have been reshaping the metalworking fluid formulations.
• Steel production has been increasing over the recent past. Global steel production increased Y-o-Y by 3.4% during 2019. However, in 2020, global crude steel production reached 1,864.0 million tons (Mt). The production of steel leads to a higher demand for metalworking to mold the steel in its desired form.
• This scenario is expected to remain constant throughout the forecast period, thus, fueling the demand for ethanolamines in metallurgy and metalworking applications.

Asia-Pacific to Dominate the Market

• Asia-Pacific dominated the market across the world, with the largest consumption from countries such as China and India. Ethanolamines are primarily required in various industries for several ranges of applications, including cement grinding, gas treatment, pharmaceuticals, agricultural, and personal care products, among others.
• The Asia-Pacific construction sector is the largest in the world, and it has been growing at a healthy rate, owing to the rising population, increase in the middle-class population’s incomes, and urbanization. The increasing infrastructure construction activities are among major drivers for the Asia-Pacific construction sector, owing to the development activities in the major developing countries, such as China, India, and other ASEAN countries.
• In China, amid the recent COVID-19 outbreak, there has been an exponential increase in the production of masks and PPE kits, both domestically and internationally, which has significantly enhanced the usage of textile chemicals. As of May 2020, China was producing around 116 million medical masks and millions of PPE kits daily.​
• Moreover, personal care is one of the fastest-growing sectors in countries like China and India. Continuous growth in population is another factor fueling the demand for personal care, soaps, and detergents in these countries, which, in turn, has been augmenting the ethanolamines market.
• Thus, from the aforementioned factors, the increasing demand from the various end-user industries is boosting the growth of the market studied during the forecast period (2022-2027).

Ethanolamines Market Competitor Analysis

The ethanolamines market is moderately fragmented in nature. Some of the major players (not in any particular order) in the market include BASF SE, Dow, Nouryon, SABIC, and Indorama Ventures Limited.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Epoxy Resins Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA127 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、スペイン、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：150 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The epoxy resins market was estimated at over 3,500 kiloton in 2021, and the market is projected to register a CAGR of over 6% during the forecast period (2022-2027).

The market was negatively impacted due to the COVID-19 pandemic in 2021, owing to the pandemic scenario and strict regulations in several countries. This affected various industries such as paints and coatings, adhesives and sealants, electrical and electronics, and others due to supply chain disruptions, work stoppages, and labor shortages. However, the condition is expected to get better in 2022, thereby restoring the growth trajectory of the market over the forecast period.

Over the medium term, the strong growth of the construction industry and the rising demand for electrical and electronic devices are driving the market growth.

On the flip side, the health impacts of epoxy on health and the negative impact of the COVID-19 pandemic are expected to hinder the growth of the market.

By application, the paints and coatings segment is expected to account for the largest share during the forecast period.

Asia-Pacific dominated the market across the world, with the majority of demand coming from China and India.

Epoxy Resins Market Trends

The Paints and Coatings Segment is Expected to Dominate the Market

Epoxy resins are used as binders for coating applications to enhance the durability of coatings for floor and metal applications.

Epoxy resins help in the development of several properties in coatings, such as strength, durability, and chemical resistance. Their properties and abilities of quick-drying, toughness, excellent adhesion, good curing, abrasion resistance, and excellent water resistivity make it suitable for providing protection to metals and other surfaces.

The growing construction industry is expected to augment the growth of the paints and coatings industry. In Europe, the German government made an announcement regarding its plan to construct around 1.5 million housing units by the end of 2021. Similarly, the growth in construction activities in countries like Russia, France, the United Kingdom, etc., is expected to drive the growth of the epoxy resins market.

According to Statista, 21.8 million heavy buses, light commercial vehicles, and trucks were produced worldwide in 2020. Thus, the growth in the production of lightweight and commercial vehicles is expected to drive the overall market of epoxy resins used in the automotive coatings industry.

The automotive, marine, and aerospace industries use epoxy coatings as primers for corrosion protection. The usage of epoxy coatings is expected to further grow due to the rising demand from the electric vehicle (EV), marine, and aerospace industries.

Such factors are expected to have a significant impact on the demand for epoxy resins in paints and coatings, thereby affecting the growth of the epoxy resins market during the forecast period.

The Asia-Pacific Region is Expected to Dominate the Market

China has the world’s largest electronics production base and offers tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, have the highest growth in the consumer electronics segment of the market in terms of demand. With the increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to increase steadily in the future, thereby driving the market studied.

Additionally, China is one of the major countries in Asia-Pacific with ample construction activities, with the industrial and construction sectors accounting for approximately 50% of the GDP.

In India, in the residential segment, the government is pushing huge projects in the next few years. India has an investment budget of USD 1400 billion for infrastructure – 24% on renewable energy, 19% on roads and highways, 16% on urban infrastructure, and 13% on railways. Under the Smart Cities Mission till June 2021, 2,734 projects have been completed, of the total 5,956 projects. Thus, growth in the residential segment is excepted to drive the epoxy resins market in the Asia-Pacific region.

The Japanese electrical and electronics industry is one of the world’s leading industries. In 2021, domestic production by the Japanese electronics industry surged by 11% year-on-year to JPY 10,932.2 billion due to the strong export performance of electronic components and devices and the growth in telecommunications infrastructure equipment due to lifestyle changes.

Japan’s construction sector is expected to expand at a moderate pace over the next five years, owing to increasing investments in public and private infrastructure, renewable energy, and commercial projects. This, in turn, is improving both consumer and investor confidence.

Such factors are expected to increase the demand for epoxy resins in the Asia-Pacific region during the forecast period.

Epoxy Resins Market Competitor Analysis

The epoxy resins market is partially fragmented in nature, with the presence of various players in the market. Some of the major companies in the market (not in a particular order) include Hexion, Olin Corporation, Huntsman International LLC, DuPont, and KUKDO Chemical Co. Ltd, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Epoxy Curing Agent Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA126 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：化学 ■ ページ数：150 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The epoxy curing agent market was valued at over USD 3,900 million in 2021, and it is expected to register a CAGR of greater than 4% during the forecast period (2022-2027).

Due to the COVID-19 outbreak, nationwide lockdown around the world, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021 and may restore the growth trajectory of the market studied during the forecast period.

Key Highlights

• The increasing demand from the building and construction industry and new developments in lightweight composite materials are the major factors driving the demand for the market studied.
• However, environmental regulations on amine-based curing agents are expected to hinder the growth of the market
• The development of new eco-friendly epoxy curing agents and other opportunities is expected to provide numerous opportunities for the manufacturers over the forecast period.
• The Asia-Pacific region is expected to dominate the market, with the largest consumption trends being registered in countries such as China and India.

Epoxy Curing Agent Market Trends

Increasing Demand from the Construction Industry

• Epoxy resin systems consist of two parts, an “A” and a “B” side. The B side, also known as the “hardener”, is the epoxy curing agent. The curing agent is accountable for reacting with the epoxy groups confined in the epoxy resin A side. The reaction of curing agents with epoxy resins results in hard, thermoset materials. These thermoset materials are often used as composites.
• Presently, composites reinforced with fibers of synthetic or natural materials are gaining more importance as demands for lightweight materials with high strength for specific applications are growing in the market. Fiber-reinforced polymer composite offers a high strength-to-weight ratio and reveals exceptional properties, such as high durability, stiffness, resistance to corrosion, wear, impact, and fire.
• According to US Census Bureau, the total construction output in the United States is estimated to be USD 1,639.86 billion in December 2021, indicating a 9% increase compared to USD 1,504.2 billion in the previous year.
• In addition to this, residential construction has also been increasing in India, as the country is expected to witness an investment of around USD 1.3 trillion in housing over the next seven years, which will boost the market studied.
• According to Federal Statistical Office (Destatis), in Germany, the turnover in the main construction industry in November 2021 was up 6.2% compared with the corresponding month of the previous year.
• With the rising demand for paints and coatings, composites, and adhesives from the construction industry, the demand for epoxy curing agents is expected to increase during the forecast period.

China to Dominate the Asia-Pacific Market

• In the Asia-Pacific region, China is the largest economy in terms of GDP. China continues to dominate in terms of demand in the market studied, powered by its huge production base for paints and coatings.
• According to European Coatings, there are nearly 10,000 coatings manufacturers located in China. Although China is home to a huge number of companies producing paints and coatings, foreign companies and joint ventures also hold a fair share of the market.
• In September 2021, Axalta announced that it broke ground for the construction of a state-of-the-art coatings facility in Jilin City, Jilin Province, North China. The 46,000-square-meter new plant will produce mobility coatings for light vehicles, commercial vehicles, and automotive plastic components.
• In May 2021, PPG today announced the completion of a USD 13 million investment in its Jiading, China paint and coatings facility, including eight new powder coating production lines and an expanded Powder Coatings Technology Center. The expansion will increase the plant’s capacity by more than 8,000 metric ton per year.
• Furthermore, China is in experiencing massive growth in its construction sector. According to the National Bureau of Statistics of China, in 2021, the construction output in China was valued at approximately CNY 29.31 trillion.
• China has the world’s largest electronics production base, and it offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. According to ZVEI Dia Elektroindustrie, China’s electronics industry was about USD 2,430 million in 2020, and it is forecast to grow at 11% and 8% Y-o-Y in 2021 and 2022, respectively.
• Therefore, the above-mentioned factors will provide a growing market for epoxy curing agents in the country during the forecast period.

Epoxy Curing Agent Market Competitor Analysis

The epoxy curing agents market is semi-consolidated, with the presence of majorly multi-national players. The top 10 players account for about a 50% market share of the global market demand. The market is competitive in nature. Some of the key players (not in any particular order) operating in the market include Evonik Industries AG, Huntsman International LLC, Olin Corporation, Westlake Corporation, and BASF SE.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Epichlorohydrin Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA125 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、フランス、イタリア、ブラジル、アルゼンチン ■ 産業分野：化学 ■ ページ数：110 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The market is expected to register a CAGR of more than 5% during the forecast period.

Key Highlights

• Covid-19 negatively affected the demand for the epichlorohydrin market in 2020 due to stalling of the construction industry in many sectors and textile industries. However, the market significantly recovered in 2021, with many countries pushing the construction sector as a growth recovery driver post-COVID-19 recovery.
• The increasing demand for epichlorohydrin-based resins in the water treatment process is expected to act as a driver for the growth of the market studied in the future.
• However, government regulations on the toxicity level of epichlorohydrin are expected to hinder the market’s growth.
• By application, the demand for epichlorohydrin from epoxy resin is expected to increase during the forecast period.
• Asia-Pacific dominates the market globally, with the largest consumption from countries, such as China and India.

Epichlorohydrin Market Trends

Growing Demand of Epoxy Resin in Global Market

• Epichlorohydrin is principally changed over to bisphenol A glycidyl ether, a building block in the manufacturing of epoxy resins. It is additionally a precursor to monomers for different resins and polymers.
• Epoxy resin is extensively used as an insulation material for electronics and electrical applications that require protection in extreme and dangerous environments (such as chemical plant equipment, deep sea, and engine management).
• Epoxy resins hold a wide range of applications in the industry due to their valuable properties in the paints & coatings industry in the form of anti-corrosive primers, primer tie coats, primer finishes, abrasion-resistant coatings, and chemical, heat, and fire-resistant coatings.
• The usage of epoxy coatings is expected to grow further due to the rising demand from the electric vehicle (EV), marine, and aerospace industries. In the first half of 2022, more than 4 million BEVs and PHEVs were sold globally.
• Owing to the aforementioned factors, the application of epichlorohydrin as epoxy resins is expected to increase during the forecast period.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region is expected to dominate the global market, owing to the robust demand from developing nations, including China and India. Industrialization, the growing consumer class, etc., mainly drive the region. These factors propel the growth of the epichlorohydrin market’s growth in the region.
• Asia-Pacific is the largest market for epoxy resins, with a share of about 65%, as most of the emerging economies are based in this region. Increasing industrialization and growing infrastructure make it an attractive market for epichlorohydrin-made epoxy resins.
• In August 2022, China announced that it would be spending 300 billion yuan (~USD 44 billion) on infrastructure development and announced more stimulus policies for growth in this sector.
• In India, in the residential segment, the government is pushing huge projects in the next few years. India has an investment budget of USD 1,400 billion for infrastructure – 24% on renewable energy, 19% on roads and highways, 16% on urban infrastructure, and 13% on railways.
• The Asia-Pacific water treatment chemicals market is projected to witness substantial growth during the forecast period, in terms of volume, owing to the rising standard of living in the region that resulted in the growing demand for quality drinking water.
• Owing to the aforementioned factors, the market for epichlorohydrin in the Asia-Pacific region is projected to witness a growth during the study period.

Epichlorohydrin Market Competitor Analysis

The global epichlorohydrin market is consolidated, with only a few major players dominating the market. Some major companies are Solvay, LOTTE FINE CHEMICAL, Sumitomo Chemical Co., Ltd., Hexion., Grasim Industries Limited (India), and Aditya Birla Chemicals (Thailand) Pvt. Ltd, among others (not in any particular order).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Engineering Plastics Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA124 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、オーストラリア・ニュージーランド、東南アジア、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ロシア、オランダ、北ヨーロッパ、スペイン、ブラジル、アルゼンチン、コロンビア、チリ、サウジアラビア、南アフリカ、カタール ■ 産業分野：材料 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The engineering plastics market is projected to register a CAGR of more than 6% during the forecast period.

The market was hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The automobile and construction industry declined due to the activity halt earlier in 2021. However, the industries registered positive growth in the latter half of 2021, which spiked the demand for engineering plastics. Notably, this demand for engineering plastics in the packaging and medical industries remained buoyed throughout the pandemic and after its retraction due to increasing health awareness leading to the need for protective shields, masks, and PPE kits.

Key Highlights

• Over the medium term, the factors driving the market’s growth typically include the growing popularity of bio-PET and increasing preference for engineering plastics over traditional plastics for several applications, such as in the building and construction sector.
• Conversely, increasing regulations against plastic usage and high competition from other plastic materials will likely hinder the market’s growth.
• The growing applications in the aerospace industry and the adaptation of green vehicles are expected to provide numerous opportunities for manufacturers in the market.
• Asia-Pacific dominated the market with the most significant consumption. It is also likely to register the highest CAGR during the forecast period.

Engineering Plastics Market Trends

The Automotive and Transportation Segment to Dominate the Market

• Engineering plastics find application in automotive interior and exterior furnishings, power trains, chassis, electrical components, and under-the-hood parts. It is employed in the dashboard, bumpers, seats, body panels, fuel systems, interior trim, under-bonnet components, lighting, exterior trim, liquid reservoirs, and upholstery.
• Automobile manufacturers are now incorporating more advanced plastic materials to reduce weight and make vehicles more fuel-efficient. According to a recent study, every 10% reduction in vehicle weight reduces fuel usage by 6-8%. The growth in automobile production directly impacts the engineering plastic market growth.
• According to OCIA, the Global production capacity of Light Commercial Vehicles increased from 11,843,185 units in 2020 to 13,721,531 units in 2021. The Light Commercial Vehicles production will increase by 16% in 2021. Thus, the output of automobile units is likely to increase the market for engineering plastics.
• China is the largest manufacturer of automobiles in the world. The automobile industry in China is witnessing switching trends as the consumer inclination toward battery-operated vehicles is on the higher side. Moreover, the government of China estimates a 20% penetration rate of electric vehicle production by 2025.
• The United States is the second largest automotive manufacturing country globally, falling only behind China. According to OICA, automotive production in 2021 accounted for 9,167,214 units, an increase of 4% compared to the show in 2020, which was reported to be 8,822,399 units. The National Automobile Dealers Association (NADA) predicts that new US light-vehicle sales will likely increase by 3.4% to 15.5 million units in 2022.​ The production of automobiles is anticipated to ascend in the future owing to the rising popularity and affordability of vehicles.
• Thus, these factors are expected to impact the market during the forecast period significantly.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific accounted for the largest share of the market due to the increased consumption of engineering plastics in various industries, including automotive, packaging, building, and construction, in rapidly growing countries such as China, India, and Japan.
• China is the largest producer and consumer of engineering plastics in the region. China’s aerospace industry is projected to return to profitability in 2022 after facing a significant decline in the previous years. The Civil Aviation Administration of China (CAAC) has estimated the aviation sector to recover domestic traffic to around 85% of pre-pandemic levels. According to the Boeing Commercial Outlook 2021-2040, in China, around 8,700 new deliveries will be made by 2040, with a market service value of USD 1,800 billion.
• According to the OICA, In India, around 4,399,112 units of vehicles were produced in 2021, which increased by 30% in comparison to 3,381,819 units manufactured in 2020. The increasing automotive sector is expected to augment the market during the forecast period. Moreover, the government’s reforms, such as “Aatma Nirbhar Bharat” and “Make in India” programs, are likely to boost the automotive industry.
• The electric vehicle industry in South Korea is expected to grow at a rapid rate. In 2021, nearly 71,000 units of electric vehicles were sold in the country. South Korean sales of electric vehicles surged by 96% to 71,006 units in the first nine months of 2021, according to data collected by the Korea Automotive Technology Institute (KAII). The sales figure is expected to increase with the growing demand from the importing economies in Europe, Asia-Pacific, and the Americas.
• According to the Philippine Statistics Authority, GDP from the country’s construction sector reached PHP 413,485 million (USD 7,409 million) in Q2 2022, up from the Q1 2022 GDP share which stood at PHP 256,394 million (USD 4,594 million). The construction sector is expected to grow further because of infrastructure projects.
• All the aforementioned factors, in turn, are projected to show a significant impact on the market during the forecast period.

Engineering Plastics Market Competitor Analysis

The engineering plastics market is fragmented in nature. Some of the market’s major players (not in any particular order) include BASF SE, DuPont, SABIC, Solvay, and DSM.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Engineered Wood Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA123 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：150 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The engineered wood market is expected to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic had a negative impact on the market, however, the market for engineered wood has now been close to reaching pre-pandemic levels because of increasing construction and restoration activities in the post-pandemic period.

Key Highlights

• Over the medium term, growing demand from the non-residential sector and increasing use of cross-laminated timber (CLT) as a construction material are likely to drive the market in the forecast period.
• On the flip side, stringent environmental concerns related to formaldehyde emissions are likely to hinder the market growth.
• The growing residential construction in India and China is expected to act as an opportunity in the forecast period.
• The Asia-Pacific region is likely to dominate the global market and is expected to witness the highest consumption of engineered wood during the forecast period.

Engineered Wood Market Trends

Residential Sector to Dominate the Market

• Engineered wood is used for a wide range of applications, including furniture, walls, flooring, doors, roofs, cabinets, columns, beams, and staircases, among others.
• The application of cross-laminated wood has been increasing rapidly. For low-rise construction, the increased loadbearing capacity of CLT wall panels adds further benefits over conventional stud-framed walls.
• Cross-laminated timber is now an established system in the mid-rise residential sector in Europe and North America. In addition to that, there are now increasing examples of cross-laminated timber being used to construct skyscrapers for buildings over 150 meters tall.
• The growing application of OSB in various residential applications, such as walls, flooring, and roofs, is estimated to drive the market.
• All types of engineered woods are significantly used in various applications in the residential sector. With 73% of its population living in urban areas, Europe is expected to be over 80% urban by 2050. European furniture companies are very successful and innovative, examples being the German, Italian, and Nordic furniture companies, which act as a benchmark in the field of high-class design.
• As per data published by US Census Bureau, in the United States, public spending on construction increased significantly in 2021 as compared to 2017. In 2021, the public spending on residential construction was around USD 9.06 billion. This can be attributed to increased spending on residential buildings by the public due to the work-from-home culture in the post-pandemic period.
• Also, in the United States, several residential construction projects are in the pipeline, creating opportunities for increased furniture consumption.
• The Indian government announced an investment worth USD 31,650 billion for the construction of 100 cities under its Smart Cities plan. One hundred smart cities and 500 cities are likely to invite investments worth INR 2 trillion (~USD 28.18 billion) over the coming five years.
• Thus, based on the aforementioned aspects, the residential segment is expected to drive the market in the forecast period.

The Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region has several major countries, such as China, India, ASEAN, and Japan.
• China has been majorly driven by the ample developments in the residential and commercial construction sectors and supported by the growing economy. In China, the housing authorities of Hong Kong launched several measures to push start the construction of low-cost housing. The officials aim to provide 301,000 public housing units by 2030.
• China is also likely to witness the construction of 7,000 more shopping centers which are estimated to be opened by 2025.
• The Indian government initiated the project called “Housing for All by 2022”, which is expected to immensely drive the low-cost residential construction segment in the country throughout the forecast period.
• In India, more than 30 hospital projects are under planning or construction. This number includes both expansion and new construction projects. For instance, the Health City hospital project worth US 1.4 million is under construction, which is being built by Care Hospitals in the Visakhapatnam district of Andhra Pradesh.
• In Asia-Pacific, Japan, along with China, has a considerable share of the OSB market. Norbond has been marketing its OSB panels in Japan for over 20 years, and it has established a track record of high performance in a variety of end-user construction.
• In South Korea, some of the upcoming airport constructions are the New Jeju Airport (USD 3.6 billion), the Ulleungdo Island Airport (USD 440 million), and the New Dumaguete Airport. The growing airport construction may add more offices and commercial spaces.
• Hence, the Asia-Pacific region is expected to dominate the global market.

Engineered Wood Market Competitor Analysis

The global engineered wood market is partially consolidated, with most players accounting for a marginal market share. Major companies of the market (in no particular order) include Weyerhaeuser Company, Boise Cascade, Georgia-Pacific, Roseburg Forest Products, and Louisiana-Pacific Corporation.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Emission Control Catalysts Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA121 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、東南アジア、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ロシア、ブラジル、アルゼンチン、サウジアラビア、UAE、南アフリカ ■ 産業分野：化学 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The market for emission control catalysts is expected to witness a CAGR of around 5% during the forecast period. One of the major factor driving the growth of the market is the enactment of stringent emission norms.

Key Highlights

• Impact of COVID-19 pandemic is likley to hinder the growth of the market studied.
• By metal, platinum segment is likely to dominate the market studied through the forecast period.
• Asia-Pacific dominated the market with the largest consumption coming from China, ASEAN Countries, and India.

Emission Control Catalysts Market Trends

Platinum – The Most used Metal

• Platinum is the most widely used metal for emission control applications, since it improves combustion.
• Improved combustion helps to reduce emissions and enhance the catalyst’s performance.
• Since, platinum is effective under oxygen-rich conditions, it is used widely for diesel applications.
• Furthermore, platinum offers several other advantages, such as:
• It has a high melting point, thereby providing thermal durability.
• It possesses excellent oxidation activity at low temperatures.
• It is effective against sulfur compounds and helps in reducing the sulfur content in crude oil, in the refineries.
• It can be efficiently recycled.
• Sources, such as, automobiles, refinery & petrochemical complexes, chemical industries, oil and natural gas processing plants, and pharmaceutical industries, among others, are discovering an increasing number of applications of platinum-based emission control catalysts.

China to Dominate the Asia-Pacific Market

• China is one of the fastest growing economies, globally. Furthermore, almost all the end-user industries have been witnessing growth, owing to the growing population, living standards, and per capita income.
• China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. The country contributes more than 35% of the global chemical sales. The chemical industry is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. With the growing demand for various chemicals, globally, the demand for emission control catalysts from this sector is projected to grow during the forecast period.
• Moreover, the Chinese automotive manufacturing industry is the largest in the world. Though the industry witnessed a slowdown in 2018, wherein the production and sales declined. Similar trend continued, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), automotive production is expected to decline by about 2% in the end of 2020.
• The “Made in China 2025” initiative aims to support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. The “Automobile Mid and Long-Term Development Plan” was released in the April 2017, with an objective to make China a strong auto power in the next ten years. This growth in the automotive industry is likely to increase the consumption of emission control catalysts in the industry.
• However, due the onset of COVID-19, the economic growth of China now seems to contract by a considerable extent in 2020. Many manufacturing and associated activities have already taken a hit in early 2020, and the economic situation is expected to remain dire, if the manufacturing activities are not set back on track by mid-2020

Emission Control Catalysts Market Competitor Analysis

The global emission control catalysts market is partially consolidated in nature, with the top ten players accounting for a major share of the global market. Some of the prominent players in the market include Clariant, BASF SE, Evonik Industries AG, Johnson Matthey, and Umicore, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

■ 英語タイトル：Electronic Film Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
	■ 発行会社/調査会社：Mordor Intelligence ■ 商品コード：MOR23MA120 ■ 発行日：2023年1月23日 ■ 調査対象地域：中国、インド、日本、韓国、アメリカ、カナダ、メキシコ、ドイツ、イギリス、イタリア、フランス、ブラジル、アルゼンチン、サウジアラビア、南アフリカ ■ 産業分野：材料 ■ ページ数：120 ■ レポート言語：英語 ■ レポート形式：PDF ■ 納品方式：Eメール（受注後2-3営業日）

The market for electronic film is expected to grow at a CAGR of over 5%. The major factor driving the market studied is the rapidly growing demand from electronic displays and intensifying trend of digitalization. On the flip side, high processing costs associated with ITO based films and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

The electronic display segment is expected to dominate the electronic film market over the forecast period.

Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Electronic Film Market Trends

Rising Adoption of Touch Sensitive Display Devices in Diverse Applications

• Electronic films market is directly linked with the consumer electronics market. The intensifying trend of digitalization in emerging markets is driving the market. The increasing penetration of the Internet of Things (IoT) by industries, academic institutes, and government institutes, is intensifying the demand for display devices.
• Growing investments in huge infrastructure projects such as smart cities and intelligent transportation systems are also influencing the market growth. Also, declining electronics prices and adoption of superior technology devices is leading to an increase in the transition of electronic devices. Furthermore, technology transitions, such as the rollout of 4G/ LTE and 5G networks, are driving the accelerated adoption of electronic film-based products.
• The non-conductive films accounts for the largest market share. Non-conducting films are a crucial component in several electronic devices, including liquid-crystal displays, OLEDs, touchscreens and photovoltaics.
• The polymer films account for the largest market share, owing to its high performance for semiconductor, electronic, and medical applications.

Asia-Pacific Region to Dominate the Market

• Asia Pacific is anticipated to dominate the electronic films market across the globe during the forecast period. The majority of demand is expected from countries such as China, South Korea and Japan as they are the leading producers of electronics in Asia Pacific.
• China is also one of the leading exporter od elecrical & electronics across the globe.Owing to the low manufacturing costs as well as the increase in investments in the emerging technologies by governments of the countries, the region is projected to witness surge in demand.
• The electronics manufacturing in ASEAN countries is also increasing due to the increasing investments from companies like Sony, Toshiba, etc.
• Rapid urbanization, industrialization in the emerging nations, such as China, and India, is expected to fuel the demand for electronic gadgets. Majority of the electronic film manufacturers across the region are constantly involved in product innovations.

Electronic Film Market Competitor Analysis

The global electronic film market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies include DuPont, SABIC, Gunze, Nitto Denko Corp., and Saint-Gobain Performance Plastics are among the major key players.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support