Lucintel Newsletter

Business News by Lucintel

Bookmark and Share

Wednesday, May 23, 2018

Opportunities for the global carbon black market to reach $20.2 billion by 2023


According to a new market report published by Lucintel, the future of the global carbon black market looks attractive with opportunities in the transportation, industrial, and building & construction, and packaging sectors. The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 6.0% from 2018 to 2023. The major growth drivers for this market are increasing tire production, and rising demand for specialty carbon black in plastic, ink, and coating applications.

In this market, carbon black is used as a reinforcement agent in tire and non–tire rubber goods and it is also used as a pigment and performance additive in coatings, plasticss, ink, and other applications. Lucintel predicts that the carbon black demand in the tire will remain the largest application over the forecast period supported by continuously increasing the fleet size of passenger cars and light commercial vehicle. Lucintel forecasts that the plastic segment is expected to witness the highest growth in the forecast period due to growth in plastic pipe, wire & cable, and packaging market.

Within the global carbon black market, the transportation will remain the largest end use industry during the forecast period supported by increasing demand for the tire and mechanical rubber goods. Lucintel predicts that the demand for carbon black in the packaging end use is likely to experience the highest growth in the forecast period supported by growth in the food and beverages, household products, personal care, and pharmaceuticals sectors.

Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by higher vehicle production and shift of tire production in low-cost countries, such as India and China.

Emerging trends, which have a direct impact on the dynamics of the industry, include growing usage of recycled and bio-based carbon black, and shifting focus from commodity to more specialize grade carbon black. Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Philips Carbon Black, and Sid Richardson Carbon & Energy are among the major carbon black providers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global carbon black market by application, end use, and region and has come up with a comprehensive research report entitled  Growth Opportunities in the Global Carbon Black Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The Lucintel report includes a forecast for the global carbon black by application, end use, and region as follows:
By Application [Kilotons and $M shipment analysis from 2012 to 2023]:

·           Tire Rubber
·           Non-Tire Rubber
·           Plastic
·           Ink
·           Coating
·           Others

By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:

·         Transportation
·         Industrial
·         Building and Construction
·         Printing and Packaging
·         Others
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:

·         North America
  1.      .    United States
  2.      .    Canada
  3.      .    Mexico

·         Europe
  1.      .    Germany
  2.      .    Italy
  3.      .    Russia

·         Asia Pacific
  1.      .    China
  2.     .     Japan
  3.      .    India
  4.      .    Thailand
  5.      .    Indonesia
  6.      .    South Korea

·         The Rest of the World
This 181-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global carbon black market by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?


Friday, May 18, 2018

Opportunities for the global LED driver market to reach $16.1 billion by 2023


According to a new market report published by Lucintel, the future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, and automotive lighting sectors. The global LED driver market is expected to reach an estimated $16.1 billion by 2023 with a CAGR of 15.5% from 2018 to 2023. The major growth drivers for this market are increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries.
In this market, constant current and constant voltage LED drivers are used to regulate the power supply in general lighting, backlighting, and automotive lighting applications. Lucintel forecast that constant current LED driver will remain the largest product type; it is also expected to witness the highest growth due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.

Within the LED driver market, the general lighting segment will remain the largest application.  It is also expected to witness the highest growth rate due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of LED drivers for building and lighting management systems, and the decreasing price of LEDs.

Asia Pacific is expected to remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting in the automotive and building & construction industries.  Production and consumption of LED lighting in China is highest, and modernization of infrastructure is expected to propel the demand for lighting products in China.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of visible light communication (VLC) LED drivers, and the development of color tunable LED drivers. Texas Instruments, Toshiba, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor are among the major suppliers of the LED driver.
Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global LED driver market by supply type, luminaire type, application, and region and has come up with a comprehensive research report entitled  Growth Opportunities in the Global LED Driver Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global LED driver market by supply type, luminaire type, application, and region as follows:
By Application [$M shipment analysis from 2012 to 2023]:

·           General lighting
     Residential
     Office
     Shop
     Hospitality
     Outdoor
     Industrial
     Architectural

·           Automotive Lighting
     Headlamps
     Daytime Running Lights (DRLs)
     Sidelights
     Rear Lights
     Interior

·           Backlighting
     LCD TV
     Monitor
     Portable PCs
     Handhelds

By Supply Type [$M shipment analysis from 2012 to 2023]:

·           Constant Current
·           Constant Voltage
By Luminaire Type [$M shipment analysis from 2012 to 2023]:

·           Type A Lamp
·           Decorative Lamp
·           T Lamp
·           Reflectors
·           Others
By Region [$M shipment analysis from 2012 – 2023]:

·         North America
     United States
     Canada
     Mexico

·         Europe
     United Kingdom
     Germany
     France
     Switzerland

·         Asia Pacific
     China
     Japan
     India

·         The Rest of the World
This 183-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1  What are some of the most promising, high-growth opportunities for the global LED driver market by supply type (constant current and constant voltage), by luminaire type (type A lamp, decorative lamp, T lamp, reflectors, and others), by applications (general lighting, automotive lighting and backlighting) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?


Wednesday, May 16, 2018

Opportunities for the global composite materials market to reach $38.0 billion by 2023


According to a new market report published by Lucintel, the future of the global composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The global composite materials market is expected to reach an estimated $38.0 billion by 2023 and it is forecast to grow at a CAGR of 4.1% from 2018 to 2023. The global composites end product market is expected to reach an estimated $107.4 billion by 2023. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry.

In this market, transportation, construction, pipe and tank, electrical and electronics, consumer goods and wind energy are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the aerospace and wind energy segments are expected to show average growth during the forecast period from 2018 to 2023.

Within the global composites market, injection molding, hand layup, compression molding, spray up, filament winding, resin infusion, and prepreg layup are some of the major processes utilized to manufacture composite parts. Injection molding is expected to be the largest process in terms of value and volume in composite manufacturing because of high-output production rate, low labor cost, and design flexibility.

By fiber type, glass fiber, carbon fiber, and aramid fiber are the major fibers utilized to manufacture composites parts for various end use industries. Carbon fiber is expected to show above average growth during the forecast period. Increasing penetration of carbon composites in commercial aircraft and automotive are expected to spur growth for carbon fiber over the forecast period from 2018 to 2023.

By resin type, thermoset and thermoplastic resins are used to make composites parts. In thermoset, polyester composite is expected to remain the largest market by value and volume consumption. In thermoplastic resins, polyamide (PA) is expected to remain the largest market by value and volume consumption because it is widely used in transportation, construction and consumer goods applications.

Asia Pacific is expected to remain the largest region by value and volume; this region is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. The major drivers for growth are increasing automotive production, high growth in construction, and infrastructure development.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for the global composites market and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composites Market 2018-2023.” The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

The study includes a forecast for the global composites market by application, fiber type, resin type, manufacturing process, molding compound, country, and region, as follows:

By End Use Industry ($ Million and Million Pounds):
  •          Transportation
  •          Marine
  •          Wind Energy
  •          Aerospace
  •          Pipe & Tank
  •          Construction
  •          Electrical and Electronics
  •          Consumer Goods
  •          Others 

By Manufacturing Process ($ Million and Million Pounds): 
  •          Hand Lay-up
  •          Spray-up
  •          Resin Infusion (RRIM, RTM, VARTM)
  •          Filament Winding
  •          Pultrusion
  •          Injection Molding
  •          Compression Molding
  •          Prepreg Lay-up
  •          Other 

By Molding Compound ($ Million and Million Pounds):
  •          SMC
  •          BMC
  •          Thermoplastic Compounds ( SFT, LFT, GMT, CFT and Other) 

By Resin Type ($ Million and Million Pounds):
  •          Polyester
  •          Epoxy
  •          Vinyl ester
  •          Phenolic
  •          Thermoplastics 

By Fiber Type ($ Million and Million Pounds):
  •          Glass fiber
  •          Carbon fiber
  •          Aramid fiber 

By Fiber Glass Type ($ Million and Million Pounds): 
  •          Single End Roving
  •          Multi End Roving
  •          Chopped Strands
  •          Woven Roving
  •          Fabrics
  •          Chopped Strand Mat
  •          Continuous Filament Mat
  •          Others 

By Carbon Fiber Type ($ Million and Million Pounds): 
  •          PAN Based Carbon Fiber
  •          PITCH Based Carbon Fiber 

By Region ($ Million and Million Pounds): 
  •          North America
  •          Europe
  •          Asia Pacific
  •          ROW 

By Country (Million Pounds): 
  •         USA
  •          Canada
  •          Mexico
  •          Germany
  •          UK
  •          France
  •          Italy
  •          Spain
  •          Netherland
  •          China
  •          India
  •          Japan
  •          South Korea
  •          Brazil
  •          Russia


Some of the features of the “Growth Opportunities in the Global Composites Industry 2017-2022” report include:

  •          Market size and growth rates of the global composites market.
  •        Composites and competing material markets (steel, aluminium, plastic, composites) in terms of volume.
  •          Market size estimates of glass fiber and by type of product form.
  •        Market size estimates of global carbon fiber market by tow size as well as by pan and pitch type in terms of volume and value.
  •          Market for fiber type (glass composites, carbon composites, aramid composites).
  •          Analysis of the global composites industry size in terms of value and volume. 
  •     Trends (2011-2016) and forecast (2017-2022) for the global composites industry in terms of value and volume by region, such as North America, Europe, Asia Pacific, and ROW.
  •      Global composites industry trends (2011-2016) and forecast (2017-2022) in terms of value and volume by application, such as Transportation, Marine, Wind energy, Aerospace, Pipe and tank, Construction, Electrical & Electronics, Consumer goods, and Others.
  •          Market size estimates for reinforcements and resins.
  •          Market size estimates for global commodity composites and advanced composites.
  •          Market size estimates of global composites by molding compound.
  •     Market breakdown by applications and key regions of North America, Europe, Asia Pacific, and the Rest of the World.
  •          Market size estimates of global composites by end product market for 2016 and 2022.
  •          Composites market by country, including China, India, the US, and Germany.
  •          Competitive analysis of steel, aluminum, plastics and the composites industries.
  •    Market breakdown by manufacturing technology, manufacturing process, market segment, and material type.
  •          Thermoset and thermoplastic composites market size.
  •        Market outlook and global trends in automotive, marine, construction, aerospace and other important market segments with the needs and challenges of each.
  •        Value chain analysis: Dollar and gross profit flow through various nodes of the value chain (from raw material to final application).
  •          Company profiles of material and end product manufacturers.
  •          Current innovations in the global composites industry.


This 383-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q. 1. What are some of the most promising, high-growth segments in the global composites market by application type (transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others), raw material (glass fiber, carbon fiber, aramid fiber, polyester resin, vinyl ester, phenolic, polyurethane, thermoplastic resin, filler, and others), fiber type (glass fiber composites, carbon fiber composites, and aramid fiber composites), resin type (polyester composites, epoxy composites, vinyl ester composites, phenolic composites, other thermosets, and thermoplastic composites), by molding compound (SMC, BMC, SFT, LFT, and other composites), and region (North America, Europe, APAC, and ROW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are the emerging trends in this market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the market?
Q.8.What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q. 11.What M & A activity has occurred in the last 5 years?