Ethanol Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Ethanol Market Overview

Ethanol, commonly known as ethyl alcohol or grain alcohol, is a colorless liquid manufactured from starch-based, sugar-based or cellulosic feedstock. The U.S. and Brazil are the major producers of ethanol. Corn is the major feedstock used in the production of ethanol in the U.S., while ethanol is produced from sugarcane in Brazil. According to Renewable Fuels Association (RFA), 25,576 million gallons of fuel ethanol was produced in 2015. According to Sucres & Denrées (Paris), approximately 110 billion litres of ethanol is consumed globally each year. Ethanol has wide range of applications such as biofuel, industrial, food & beverages, pharmaceuticals, and cosmetics. Approximately 87% of the global ethanol is used in producing biofuels. The environmental concerns related to greenhouse emissions have resulted in use of ethanol to produce transport fuels. The U.S., Brazil, and Europe are the major producers and consumers of ethanol. According to RFA, the gross output of ethanol industry in the U.S. was US$ 23.33 billion in 2016. Growth of ethanol market in Asia Pacific is attributed to increasing consumption of biofuels. According to International Energy Agency, the biofuel market in road transport application is estimated to expand at a CAGR of 3.9% by 2020. This in turn is projected to fuel growth of the ethanol market.

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Global Ethanol Market Taxonomy

The global ethanol market is classified on the basis of the following segments:

Process

Wet-milling

Dry-milling

Product Type

Synthetic ethanol

Oil derivatives

Coal

Others

Agricultural ethanol

Sugarcane

Sugarbeet

Maize

Wheat

Rye

Others

 Application

Fuels

Industrial

Pharmaceutical

Food & beverages

Cosmetics

Others

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Prevalent Scenario in Ethanol Market

Increased applications of ethanol in biofuels, industrial, pharmaceuticals, cosmetics, and food & beverages sectors lead to burgeoning growth of the ethanol market. According to Independent Chemical Information Service (ICIS), 73% of ethanol is used as fuel, 17% in beverages and 10% of ethanol is used for industrial applications. Increasing demand of biofuels is fueling growth in consumption of ethanol in the renewable fuel energy sector. According to State Council General Research Office, the U.S. government is promoting use of ethanol as a source of renewable fuel and creating awareness regarding the environmental and social benefits of gasoline. Corn, sugarcane, grains, sugarbeet are common sources for manufacturing agricultural ethanol. Ethanol used for in fuel applications are agricultural ethanol as synthetic ethanol is not used for fuel applications. Ethanol is used as solvents in industrial applications for wide range of end users which include cosmetics, detergents and cleaning products, printing ink, paint & coatings. Ethanol has its application in food & beverage sector in manufacturing vinegar, alcoholic beverages, and is also used as glazing agents in bakery & confectionery.

Government initiatives play a vital role in development and innovation of ethanol for wide range of applications. For instance, the fuel regulations imposed by the government in Mexico allowed 5.8% of ethanol blends in the fuel supply. The government and ethanol associations are continuously working in coordination to fuel the growth of ethanol market. RFA in partnership with federal government and the industry key players are working to innovate new applications of ethanol and minimize the difficulties related to trade of ethanol and enhance the market growth globally. U.S. and Brazil contributes a major market share in production and consumption of ethanol. Asia-Pacific market is expected to grow due to growing applications of ethanol industrial chemicals to manufacture acetic acid and ethyl acetate and the increasing applications of ethanol as solvents in pharmaceutical and cosmetic sectors.

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Fragmented Market

The global ethanol market is highly fragmented due to the participation of many established and emerging players in the ethanol industry. Major players involved in the market include Archer Daniels Midland Company (U.S.), Cargill, Inc. (U.S.), Grain Processing Corporation (U.S.), Ace Ethanol LLC (USA), Advanced BioEnergy, LLC (USA), Chemtex Group (USA), MGP Ingredients (U.S.), Flint Hills Resources LP (USA), Copersucar SA (Brazil), Adkins Energy LLC (USA).

 

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Liquid Packaging Market - Global Industry Insights, Trends, and Opportunity Analysis, 2016–2024

Liquid packaging is a packaging technology that is used to protect consumables such as food and liquids from contamination and damage during transport and storage. Liquid packaging helps in maintaining the freshness of the product, and plays a vital role in protecting the product from moisture. Also, it helps the product in improving the scuff, resistance to tear, and puncture resistance. Liquids and food products need to be packaged in tough materials with good seal integrity to avoid leakage, cracking, and degradation during transportation. Liquid and food products include dairy products, syrups, water, cooking oil, fruit juices, shampoos, grease, and motor oil. Liquid packaging offer better shell life, high recyclability, eco-friendliness, and are convenient to transport.

Various techniques such as aseptic liquid packaging, blow molding, and form fill seal technology are used to process liquid packaging materials.

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Liquid Packaging Market Taxonomy

On the basis of type of technique, the global market is segmented into:

Aseptic Liquid Packaging

Blow Molding

Form Fill Seal Technology

On the basis of Resins types, the global market is segmented into:

Low Density Polyethylene (LDPE)

High Density Polyethylene (HDPE)

Polypropylene

Polyethylene Terephthalate (PET)

Others

On the basis of Packaging types, the global market is segmented into:

Flexible Liquid Packaging

Films

Stand-Up Pouches

Bag-In-Box

Others

Rigid Liquid Packaging

Cartons

Brick Carton

Gable Top Carton

Shaped Carton

Paperboard

Plastics & PET Bottles

Glass

Cans

Others

On the basis of application, the global materials market is segmented into:

 Food & Beverages

Dairy Products

Milk and Yogurt

Buttermilk

Others

Wine & Spirits

Juice & Drinks

Drinking Water

Fruit Juice

Tea

Coconut water

Carbonated Soft Drinks

Tomato Sauce

Others

Medical & Pharmaceutical

Cosmetics & Personal Care

Household

Industrial

Others

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Aseptic liquid packaging technique is the most widely used packaging technique. These types of packing are usually made of paperboards containing thin layers of aluminum and plastics. This packaging helps preserve food for long time without the need to add preservatives. Rigid liquid packaging type is extensively used in liquid packaging. It includes paperboard, cartons, cans, and PET bottles. Plastics & PET bottles are widely used in packaging of food & liquid products such as carbonated drinks, water, beverages, dairy products, and alcohol. Food & beverages is the largest end-use industry in liquid packaging market. This is due to the rising population in Asia-Pacific region, and rising disposable incomes in emerging economies such as Brazil, Mexico, China, and India.  Rising consumption of packaged food in North America and Europe region is also the key factor driving the global liquid packaging market.

Liquid Packaging Market Outlook – Asia-Pacific is the largest, and fastest-growing region, globally

Asia-Pacific is the largest and fastest-growing region in the global liquid packaging market. According to EUSME Center— a European Union initiative that provides a comprehensive range of hands-on support services to European small and medium-sized enterprises (SMEs), getting them ready to do business in China—China continues to be the world’s largest consumer market for food and beverage (F&B) products, surpassing the U.S. in 2011. In 2015, food & beverages exports from Europe to China increased by 48%. In 2014, exports of dairy products from Europe grew by 11%. Growth of imported food & beverages products is driven by limited arable land, rising disposable income, water scarcity issues, improving logistics systems, increasing urbanization, and growing concerns for food safety. This in turn fuels growth of the liquid packaging market in Asia Pacific. In 2015, the Indian food processing industry accounts for 32% of the country’s total food market, and is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 14% of manufacturing Gross Domestic Product (GDP), 13% of India’s exports and 6% of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018. India's organic food market is expected to increase three times by 2020, as compared to 2015. Hence, there is a large demand for liquid packaging materials in Asia Pacific region, making it the largest and fastest-growing market for liquid packaging.

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Some of the major companies operating in the global liquid packaging materials market are The Dow Chemical Company, Smurfit Kappa, International Paper, Tetra Pak International S.A., Nippon Paper Industries Co., Ltd, Liqui-Box Corporation, Tri-Wall Limited, Evergreen Packaging, Elopak Group, BillerudKorsnas AB and Mondi Plc.

 

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Specialty Polymers Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Specialty polymers are used as polymer additives to enhance the ideal properties of polymers and enhance their performance. These chemicals are more costly than the commodity chemicals. Specialty polymers are classified in specialty chemicals segment. These chemicals are preferred over conventional polymers due to their specialized properties such as high corrosion resistance, enhanced endurance limit, electrical insulation, thermal stability, and high heat and flame resistance. These polymers are widely used as insulating materials in various applications.

Specialty polymers are used in various end-use industries such as automotive, electronics, marine, cosmetics, medical, aerospace, agriculture, and construction. Electroluminescent polymers, conducting polymers, biodegradable polymers, liquid crystal polymers, polymer composites, and thermoplastic polymers are among the widely used specialty polymers. Each specialty polymers shows different properties, which is suitable for particular applications.

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Specialty Polymers Materials Market Taxonomy

On the basis of product type, the global Specialty Polymers materials market is segmented into:

Thermoplastic Polymers

Polytetrafluoroethylene (PTFE)

Polycarbonate (PC)

Polysulfonates

Others

Biodegradable Polymers

Polyhydroxybutarate (PHB)

Polyhydroxybutarate-hydroxyvalarate (PHBV)

Polyhydroxyvalarate (PHV)

Conducting Polymers

Intrinsically Conducting Polymers

Extrinsically Conducting Polymers

Doped Conducting Polymers

Coordination Conducting Polymers

Polymer Composites

Particle reinforced composites

Fiber reinforced composites

Structural Composites

Liquid Crystal Polymers

Electroluminescent Polymers

On the basis of end-use industry, the global Specialty Polymers materials market is segmented into:

Automotive & Transportation

Electrical & Electronics

Marine

Adhesives & Sealants

Coatings

Aerospace

Medical

Building & Construction

Oil & Gas

Others (Cosmetics, and Agriculture)

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In spite of being relatively expensive, specialty polymers are  indispensable in a wide range of industries due to their unique properties. Thermoplastic polymers are widely used in manufacturing electrical parts such as sockets and switches due to their high heat and flame resistance properties. Also, thermoplastic polymers are used to manufacture bulletproof glass for automotive application. Biodegradable polymers find major use in medical and agricultural end-use industries. In the medical industry, biodegradable polymers are largely used in controlling drug delivery. These polymers are also used widely in manufacturing films, molded bottles, and coated paper. Conducting polymers are polymers that have the ability to conduct better heat than other polymers, and are used in application requiring high heat conductivity. Electroluminescent polymers are widely used in display panels for LED screens for television, mobiles, and PC, among others. These are also used for color pixels in ink jet printing. Liquid crystal polymers (also known as Kevlar) are widely used in manufacturing body armor, and protective clothing.

Specialty Polymers Market Outlook – Asia-Pacific is the fastest-growing region in specialty polymers market

Asia Pacific is projected to be the fastest-growing market for specialty polymers during the forecast period. The growing automotive, construction, and electronic end-use industries in countries such as India, China, Japan, and South Korea are major drivers escalating growth of the specialty polymers market in the region. The growing infrastructure development and growth in disposable income are fueling growth of specialty polymers market in the region. Also, rampant economic growth and shifting of manufacturing units of key players such as BASF and The Dow Chemical Company to Asia Pacific, in order to capitalize on lucrative growth opportunities, in turn creates a highly conducive environment for growth of the specialty polymers market in the region. Rampant infrastructure development, growing building & constructing activities due to rise in population, and growth in sales of consumer goods are projected to further fuel growth of the specialty polymers market in the region.

The fluctuating crude oil (the basis feedstock for specialty polymers) is a major restraint for market growth. Low focus of players on R&D activities, which subsequently results in low technological advancements in manufacturing specialty polymers are other major restraints in the market. Some of the major companies operating in the global specialty polymers materials market are Croda International Plc, Evonik Industries, BASF, Solvay Group, Specialty Polymers Inc., PolyOne Corporation, AmeriLux International LLC, The Dow Chemical Company, Clariant, Arkema Group, 3M, A.Schulman, Inc., Ashland Inc., and Koninklijke DSM N.V..

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Personal Care Products Market - Global Industry Insights, Trends, and Opportunity Analysis, 2016–2024

The personal care products market includes products used in beautification and personal hygiene. The last couple of years has witnessed a rapid shift in consumer preference towards natural and organic personal care products, mainly owing to growing health concerns regarding negative health impacts of using synthetic personal care products. The trend is especially prevalent in the U.S., Canada, U.K, Germany, and France. In recent times, China and India have emerged as major end users of organic personal care products, attributable mainly to strong economic growth and rising awareness among the populace. Manufacturers are focusing on producing bulk organic personal care products for these markets. For example, Organic Shop offers a variety of organic personal care product brands in India such as Asta Berry, Aarogyam Wellness and Azafran among others.

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Personal Care Products Market Taxonomy

On the basis of product type, the global market is segmented into:

Hair Care Products

Shampoo

Conditioner

Hair Gel

Hair Color

Hair Oil

Skin Care Products

Face Cream

Anti-Aging Cream

Skin Brightening Cream

Sun Protection Cream

Body Lotions

Premium Products

Mass Products

Oral Care Products

Toothbrushes

Toothpastes

Mouthwashes

Others

Cosmetics

Multifunctional Products

On the basis of distribution channel, the global market is segmented into:

Hypermarkets

Supermarkets

Departmental Stores

Others

On the basis of geography, the global market is segmented into:

North America

U.S.

Canada

Europe

U.K.

Germany

Italy

France

Spain

Russia

Rest of Europe

Asia Pacific

China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

Northern Africa

Central Africa

South Africa

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The major factors driving the growth of global personal care products market are increasing consumer inclination towards enhancing and maintaining personal aesthetic appeal, growing concerns about personal hygiene, and burgeoning growth of the retail industry. Conversely, factors such as high product costs, growing consumer inclination towards homemade remedies such as honey wash, lavender cream, and homemade toothpastes among others are acting as a barrier to the growth of personal care products industry. Synthetic personal care products can cause a variety of health issues such as eye irritation, skin rashes, hormonal issues, throat and nose infection and even cancer. In order to mitigate these health issues, the U.S. FDA is continuously focusing on creating guidelines regarding cosmetics production and usage. For example, FDA implemented the 21 CFR Laws pertaining to cosmetics in which the evaluation of a cosmetic takes place to determine if it is safe for consumers. The manufacturers of personal care products have come up with new natural products, which are considered to be much safer for human usage. For example, Allnatural Cosmetics has introduced a variety of natural personal care products, including Paul Penders BB Cream, Lumino Teeth Brightener and Lumino Foot Butter . Asia Pacific is expected to be the fastest growing region in the global personal care products market during the forecast period, mainly owing to growing awareness regarding personal hygiene, growing awareness towards men’s grooming, and burgeoning growth of the retail industry.

Personal Care Products Market Outlook – Rising Demand for Multifunctional Personal Care Solution to Fuel Market Growth

Consumers are looking to simplify the daily beauty schedules owing to their busy lifestyle. As a result of this trend, demand for multifunctional personal care products is increasing at a rapid pace. These products offer various features such as cleansing, anti-aging, antioxidant properties, moisturization, and UV protection. In place of buying specific products for specific personal care applications consumers are more inclined towards buying a single product that can be used for different personal care applications, which reduces the time as well as cost. For instance, Sana Pore Putty Keana Pate Shokunin, a Japan-based personal care products brand launched BB Cream Pore Tight Life SPF 50+ that offers multifunctional features. This product can be used as serum, makeup primer, sunscreen and concealer among others. Watsons Personal Care Stores based in China introduced Watsons Collagen Mineral BB Cream that contains minerals and fish collagen. This cream can be used as skin softener, moisturizer as well as brightener.

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Product innovation is one of the key strategies adopted by the leading players in the personal care products market. Manufacturers are focusing on producing multifunctional personal care products and sachets to further enhance their market presence. Some of the major companies operating in the global personal care products market are Estee Lauder, Yves Rocher, The Body Shop, The Hain Celestial Group, L’Oreal S.A., Colgate-Palmolive Company, Johnson & Johnson, Unilever PLC, Avon Products Inc., Procter & Gamble, and Kao Corporation.

 

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Global Preservatives Market - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players

Preservatives are additives to drugs, food, beverages, paints, cosmetics, and wood, among others, to prevent microbial growth and undesirable changes in terms of both physical and chemical properties. Preservatives can also enhance quality of the end product. Preservatives are either natural or synthetic. Some examples of natural preservatives are antioxidants, vitamin E, rosemary extracts, and seed extracts. Synthetic preservatives are chemical components processed and added to the end product to enhance its quality. Increasing demand for natural preservatives due to growing health concerns is a major factor projected to drive market growth over the forecast period. Positive growth outlook of the food industry in highly populous and emerging economies of India and China, argues well for growth of the global preservative market.

On the basis of function, the preservatives market is categorized into antimicrobial and antioxidants. Preservatives that are added to end products to arrest growth of microorganisms are called antimicrobial preservatives. Some of the common antimicrobial agents that are used as preservatives are benzoic acid, lactic acid, nitrate, nitrite, propionic acid and sulfites. Preservatives that are used to inhibit oxidation process, especially in stored food items are called antioxidants. Food items with high fat content tend to get damaged during oxidation process. Antioxidants are used to counteract oxidation process and significantly increase shelf life of packaged food items. Some of the major antioxidants that are used as preservatives are Vitamin C, Vitamin E, carotenoids, lutein, selenium, and lycopene.

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Preservatives Market Taxonomy

On the basis of source, the global market is classified into:

Natural

Synthetic

On the basis of function, the global market is classified into:

Antimicrobials

Antioxidants

On the basis of end user, the global market is classified into:

Food and beverages

Cosmetics

Pharmaceuticals

Construction

Others

On the basis of geography, the global market is classified into:

North America

U.S.

Canada

Europe

U.K.

Germany

Italy

France

Spain

Russia

Rest of Europe

Asia Pacific

China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

Northern Africa

Central Africa

South Africa

In the construction industry, preservatives are widely used to enhance the quality of wooden floors and to increase the shelf life of wooden, aluminum, steel and glass materials. In pharmaceuticals industry and cosmetics industry preservatives are majorly used to increase the gap between manufacturing date and expiry date. Quality and effectiveness of cosmetics can rapidly deteriorate due to presence of microbes or water in the final product. Cosmetics preservatives are used as antioxidants, stabilizers, and antimicrobials in the formulation of face masks, sunscreens, scrubs, and lotions. Cosmetics preservatives are available as wet wipes, rinse off, and leave-on.

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Preservatives Market Outlook – Growing Demand for Processed Food Is Fueling Market Growth

Rising demand for processed food due to busy lifestyle and increasing number of women in the workforce is projected to drive growth of preservatives market over the forecast period (2016–2024). In addition growing retail industry in emerging economies and popularity of processed food among the younger generation is also boosting growth of the market for processed food, which in turn is projected to drive market growth. According to a study conducted by Coherent Market Insights, the market for processed food is projected to reach US$ 88.2 billion by 2024. This growing market for processed food is expected to fuel growth of preservatives, as preservatives are added to the processed food to enhance its overall quality, taste and shelf life.

Preservatives Market Challenges – Stringent Government Rules and Regulations

Stringent regulatory scenario regarding use of preservatives due to its negative health impact is a challenge for growth of the global preservatives market. Various authorities across the globe regulate usage of preservatives. Despite its usage in various end-use industries, preservatives are associated with a number of health issues such as cancer, hyperactivity, and heart issues. The U.S. Food & Drug Administration (FDA) implemented certain guidelines for usage of preservatives in food and medicines. According to FDA, 'a chemical preservative should comply with purity specifications in regulations in 21 CFR 172, or in the Food Chemicals Codex'. Also, countries such as Finland, Norway, Austria, U.K. and France have banned synthetic food colorings, while the U.K. and Canada have banned usage of Olestra (a fat substitute preservative). This inhibits growth of the preservatives industry to a certain extent.

Asia Pacific is expected to be the fastest growing market for preservatives over the forecast period, owing to increasing demand for ready-to-consume food items and growing retail industry. North America is the largest market for preservatives, followed by Europe and the regions are expected to retain their dominance over the forecast period. This is mainly attributed to the availability of a number of retail outlets and busy lifestyle of consumers, increasing their inclination towards ready-to-eat food products. Large untapped markets in countries such as India, Bangladesh, South Africa, China, Malaysia, and Mexico would provide lucrative growth opportunities for preservative manufacturers in the near future.

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Key players in the global preservatives market include Corbion N.V., Cargill Incorporated, Kerry Group, BASF SE, Chr. Hansen A/S, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, and Celanese Corporation.

 

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Wood Coatings Market - Global Industry Insights, Trends, and Opportunity Analysis, 2016–2024

Wood coatings are additives or mixtures that are added to the end wood product primarily to preserve the overall quality (durability, color and texture) of the finished item. The coating is applied after the wood surface is stained and prepared. The process of applying coating to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture resistance, heat resistance, increased durability, and enhanced appearance to the wood surface. Finishing also helps in keeping the end product sanitized and easier to maintain.

Manufacturers of wooden furniture and related furnishing resort to wood finishing to provide low-cost wood with an appearance and texture that makes it look like a higher end wood item. These products are mainly intended for sales in price-sensitive markets such as Asia Pacific and Latin America. According to a study conducted by Coherent Market Insights (2016), around 68% of the population in India is inclined towards buying low-priced wood items that look premium. These consumers do not lay emphasis on the quality of the wood and mainly focus on aesthetic appeal.

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Wood Coatings Market Taxonomy

On the basis of product type, the global market is segmented into:

Shellac

Wood Preservatives

Water Repellents

Stains

Linseed Oil

Beeswax and Carnauba wax mixtures

Acrylic Paint

Others

On the basis of application, the global market is segmented into:

Furniture

Siding

Flooring

Decking

Door

Cabinets

Others

On the basis of finishing processes, the global market is segmented into:

Vacuum Coatings

Spray Coatings

Brush Coatings

Others

On the basis of geography, the global market is segmented into:

North America

U.S.

Canada

Europe

U.K.

Germany

Italy

France

Spain

Russia

Rest of Europe

Asia Pacific

China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

Northern Africa

Central Africa

South Africa

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Wood Coatings Market Outlook – Growing Construction Industry Is Fueling Market Growth

Growing construction sector coupled with increasing population is estimated to boost the global wood coatings market over the forecast period. According to a study conducted by Coherent Market Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024, with Asia Pacific positioned as the growth engine (the regional market is expected to witness a massive 30% CAGR over 2016–2024). Growing population is a key factor towards the growth of the construction industry. Wood is one of the most widely used materials in the retail sector. Major retail players focus on effective merchandising of products at retail outlets. These products are usually propped up on wooden shelves and displays. Thus, rapid growth of retail industry is also fueling growth of the wood coatings market.

Asia Pacific is expected to retain its dominance in the global wood coatings market throughout the forecast period. Conversely, health issues associated with the coating ingredients is one of the major restraining factors for the growth of the wood coatings industry. Coatings when in direct contact may lead to health issues such as skin and eye irritation and asthma. In addition, when in constant contact with air and sun the coatings may fade over time making the damage areas look yellowish.

Manufacturers are focusing on product innovation as a part of their business strategy to cater the rising demand of their customer base. For example, Premium Coatings And Chemicals Pvt Ltd., a specialized coatings manufacturer based in India, offers natural wood coatings for furniture’s and has also introduced silk wood sealer, glossy and matte that offer excellent adhesion, enhanced heat resistance and no yellowing features. Some of the major companies operating in the global wood coatings market are BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings and Chemicals Pvt Ltd. And Nippon Paint Co. Ltd.

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Food Additives and Nutricosmetics Market - Global Industry Insights, Trends, and Opportunity Analysis, 2016–2024

Additives are substances that are added to end food items to enhance its taste, flavor, appearance and the overall quality as a whole. Additives that help in increased shelf life or a finished food item is known as food preservatives. Nutricosmetics are additives that act as nutritional supplements to support the structure and function of the skin. Formulation of products that nullifies skin aging, condition-specific products that tackle psoriasis and acne problems, products that offer both beauty and health and focusing on collagen are among the new trends in the market. Collagen can be abundantly found in the skin and lack of it in the skin can cause wrinkles. Consumption of nutricosmetics can solve skin issues and can help in having firm skin. For example Sederma, a France-based nutricosmetics manufacturer, has introduced Matrixyl 3000, a collagen nutricosmetics that helps in developing smooth skin.

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Food Additives and Nutricosmetics Market Taxonomy

On the basis of product type, the global market is segmented into:

Flavors and Enhancers

Colorants

Enzymes

Sweeteners

Emulsifiers

Fat Replacers

Food Preservatives

Others

On the basis of source, the global market is segmented into:

Natural

Synthetic

On the basis of geography, the global market is segmented into:

North America

U.S.

Canada

Europe

U.K.

Germany

Italy

France

Spain

Russia

Rest of Europe

Asia Pacific

China

India

Japan

ASEAN

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

Northern Africa

Central Africa

South Africa

The major factors driving the global food additives and nutricosmetics market are growing concerns regarding skin aging, trend towards “beauty from within”, growing demand from ready to consume food items and growing retail industry in emerging economies. Growing consumer preference towards natural additives is expected to further boost growth of the global food additives and nutricosmetics industry over the forecast period.

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Food Additives and Nutricosmetics Market Outlook – Growing Demand for Processed Food Coupled With Busy Lifestyle Is Fueling Market Growth

Growing demand for processed food, mainly due to the busy lifestyle is anticipated to drive the growth of food additives and nutricosmetics market during the forecast period. Growing preference towards processed and packaged food to cut down the cooking hours is helping the food additives is expected to drive the market. In addition growing retail industry in emerging economies and popularity of processed food among the younger generation is also boosting growth of the market for processed food, which in turn is projected to drive growth of the food additives market. According to a study conducted by Coherent Market Insights, the market for processed food is projected to reach US$ 88.2 billion by 2024. This growing market for processed food is expected to fuel growth of additives, as additives are added to the processed food to enhance its overall quality, taste and shelf life. Alongside the food additives, there is a growing preference towards nutricosmetics as well mainly to cut down the grooming hours. Nutricosmetics can be swallowed whereas normal cosmetics and personal care products need to be applied in a proper way and takes a lot of time. Due to the busy lifestyle of office and college goers the demand for nutricosmetics is increasing at a steady pace. Asia Pacific is expected to be the fastest growing region for the global market, mainly due to increasing number of women in the work force and a large share of the population falling in the age bracket of 18 to 40.

Food Additives and Nutricosmetics Market Challenges – Stringent Government Rules and Regulations

Stringent regulatory scenario regarding use of additives and nutricosmetics due to its negative health impact is a challenge for growth of the global market in food additives and nutricosmetics. Various authorities across the globe regulate usage of additives. Food additives are associated with a number of health issues such as cancer, hyperactivity, and heart issues. The U.S. Food & Drug Administration (FDA) implemented certain guidelines for usage of additives in food and nutrients. Countries such as Finland, Norway, Austria, U.K. and France have banned synthetic food additives, while the U.K. and Canada have banned usage of Olestra (a food additive). This inhibits growth of the food additives and nutricosmetics market to a certain extent.

Consumers are increasingly inclined towards personal grooming and given their busy lifestyle, this increases their inclination towards consuming a pill or a unit of liquid as nutricosmetics, which can have the same impact on grooming and beautification as compared to lotions, creams and gels. This is a major factor that is expected to fuel market growth over the foreseeable future.

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Some of the major companies operating in the global food additives and nutricosmetics market are Ajinomoto Co., Inc., Associated British Foods plc, BASF SE, Chr Hansen A/S, Lucas Meyer Cosmetics S.A.S, Pfizer Inc, Croda International Plc and Frutarom Ltd.

 

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

 

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