Asia-Pacific to be the Fastest-Growing Market for Microcellular Polyurethane Foam

Asia-Pacific dominated the global microcellular polyurethane foam market in 2015 and accounted for a largest share, followed by Europe and North America. The market in this region is experiencing increased microcellular polyurethane foam consumption in automotive and building & construction industries. In terms of value, the microcellular polyurethane foam market in China is expected to witness...

Aerospace & Defense and Transportation Applications plays a Key Role in the Growth of Composites Market

Composites have high demand in the aerospace & defense application and their use is expected to increase in the coming five years due to the increasing penetration of advanced composites in commercial aircraft, such as the Boeing 787 and the Airbus A350. The global market for composites is estimated to grow from USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between...

Aerospace & Defense Application Segment to play a Key Role in Growth of the PMI Foam Market

PMI foam and other High Performance Foam Core (HPFC) have high demand in the aerospace & defense application because of its properties such as mechanical strength, lightweight, closed cell structure, good impact resistance, and FST retardant properties. The global PMI foam market and other HPFC market is estimated to grow from USD 43.1 million in 2015 to USD 77.1 million by 2021, at a CAGR of 10.2%...

Energy-Efficient Cooling Equipment Major Driver of Chillers Market

Chillers are finding increasing acceptance in various applications, such as chemicals & petrochemicals, food & beverages, medical & pharmaceutical, plastics, and so on. They are capable of removing heat from a liquid through a vapor compression or absorption refrigeration cycle and are used in various process cooling and air conditioning applications. This market intelligence report estimates...

Growing Demand from End-User Industries & Developing Nations Fueling the Growth of Silicone Oil Market

Silicone oil is a synthetic liquid that is widely used in a variety of applications such as lubricants, water repellants, solvents, and paints & coatings, among others. It is non-flammable, non-toxic, and odorless, which is why it has a huge demand from end-user industries such as homecare & personal care, textile, automotive, electrical & electronics, and medical sectors, especially in...

Metallocene Polyethylene Market to Show Considerable Growth in Next Five Years

Metallocene polyethylene is increasingly replacing various polyethylene grades, mainly due to its high strength and optical properties as compared to conventional polyethylene. It mainly finds usage in various industries like medical, packaging, agriculture, wires, cables, etc. Moreover, it provides superior sealing performance and toughness. Due to its advanced properties, the demand from the end-user...

Increased Demand from Automotive Industry Fueling the Global Base Oil Market

Base oils are primarily used for the manufacturing of lubricants, which are obtained by refining crude oil or by chemical synthesis. They reduce volatility of emulsions, which in turn leads to their greater stability since stable emulsions are said to be more efficient for lubricating applications. Moreover, they exhibit various properties such as increased viscosity index, improved oxidative stability,...

Stronger Growth Predicted for FRP Panels & Sheets Market in the Coming Years

FRP panels are increasingly replacing traditional materials in construction industry due to their unique properties such as high corrosion resistance and mechanical strength. With the increasing demand for fuel-efficient and lightweight vehicles with high gas mileage, the automobile manufacturers are now shifting their focus on using FRP panels and sheets since they help in enhancing fuel economy by...

Benzene Market to Witness Steady Growth in the Coming Years

Benzene (C6H6) is one of the most consumed petrochemicals in the industry basically used for manufacturing various chemicals such as ethylbenzene, cyclohexane, cumene, nitrobenzene, and alkylbenzene, which are further put in use by the end-user industries like building & construction, textile, transportation, and electrical & electronics. Synthetic rubber industry is the largest consumer of...

Aerospace Composites Market Predicted to Flourish in Asia-Pacific

A composite is formed by a combination of two or more distinct materials for achieving superior properties, among which one is a binding material (also known as matrix) and the other is reinforcement material (fiber), which are held together by resin. The components in different types of aircrafts are made up of composites. They help in reducing the weight of the components and increase efficiency...