Performance Elastomers Global Market Report 2023 – By Type (Nitrile-Based Elastomers, Fluoroelastomers, Silicone Elastomers, Other Types), By End-Use Industry (Automotive And Transportation, Healthcare, Industrial Machinery, Building And Construction, Electrical And Electronics, Other End-Use Industry) – Market Size, Trends, And Global Forecast 2023-2032

Construction elastomers are synthetic polymers with elastic properties that are used in the building industry. Elastomers are rubbery materials comprised of lengthy chainlike molecules or polymers that can be stretched to vast distances and still return to their original shape. Elastomers combine the benefits of both plastics and rubber, resulting in a new form that is used in a variety of construction applications. The strong impact and tear resistance of construction elastomers is utilized for roofing sheets and window profiles, building insulation, adhesives, gaskets, and door handle seals. The main types of construction elastomers are thermoset and thermoplastic. Thermosets are made of elastomeric materials that do not melt when heated. The main applications of thermoset elastomers in building and construction include adhesives and sealants, thermal insulation, roofing, flooring, piping, bridge structures, cementing, and the repair and rehabilitation of civil structures. The different types of chemistry include styrene block copolymers (SBC), thermoplastic polyurethanes (TPU), styrene-butadiene (SBR), ethylene propylene diene monomer (EPDM), natural rubber, acrylic elastomers (ACM), butyl elastomers (IIR), and others and are used in various applications such as residential, non-residential, and civil engineering. The global construction elastomers market is segmented - 1) By Type: Thermoset, Thermoplastic 2) By Chemistry: Styrene Block Copolymers (Sbcs), Thermoplastic Polyurethanes (Tpu), Styrene-Butadiene (Sbr), Ethylene Propylene Diene Monomer (Epdm), Natural Rubber, Acrylic Elastomer (Acm), Butyl Elastomer (Iir), Other Chemistry 3) By Application: Residential, Non-Residential, and Civil Engineering The global construction elastomers market size grew from $5.32 billion in 2022 to $5.85 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction elastomers is expected to grow to $7.8 billion in 2027 at a CAGR of 7.4%. The increase in the demand for sustainable buildings is expected to serve as a major driver of the construction elastomer market in the forecast period. The goal of sustainable construction is to reduce the industry's environmental impact by implementing sustainable development methods, increasing energy efficiency, and adopting green technologies. Construction elastomers are environmentally benign, renewable, and secure to use for both residential and non-residential purposes. For instance, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS) and the World Built Environment Forum in 2021, 55% of respondents said demand for buildings considered "green" or "sustainable" had risen. In addition, Europe saw the greatest increase in demand, with 69% of respondents reporting higher demand. Even in the Middle East and Africa, where demand growth was the slowest, 39% of respondents said demand had increased. This will create a significant demand for the construction elastomers and thus will aid the growth of the construction elastomers market. Major players in the construction elastomers market are The Dow Chemical Company, Arkema S.A., BASF SE, Covestro AG, Huntsman Corporation, Tosoh Corporation, Evonik Industries AG, Mitsubishi Chemical Company, The Lubrizol Corporation, SIBUR, Teknor Apex Company, Dynasol Elastomers, Kraton Corporation, Asahi Kasei Corporation, Exxon Mobil Corporation, and Lanxess AG. The increase in investments by key players in the R&D of elastomer processing to improve its properties and the development of new products is a major trend in the construction elastomer market. Major companies operating in the construction elastomers market are focused on investing in research and development to meet customer demand and strengthen their position. For instance, in January 2020, Mallard Creek Polymers, a US-based producer of styrene acrylic emulsion polymers for the elastomeric roof coatings market, launched Rovene 6120, an all-acrylic emulsion polymer for highly durable elastomeric roof coatings adhering to ASTM D 6083. In the same year, MCP acquired third-party confirmation that Rovene 6120 can be prepared to fulfil or surpass ASTM D6083, the Standard Specification for Liquid-Applied Acrylic Coating Employed in Roofing. In December 2021, Pexco LLC, a Georgia-based specialty plastics extruder, acquired Performance Elastomers Corporation (PEC) for an undisclosed amount. Through this acquisition, Pexco predicts broadening its silicone and thermoplastic elastomer product lines, as well as widening its abilities to include other high-performance polymer solutions, to provide even more value to their clients in the mobility, recreational vehicle, and truck aftermarkets, as well as expanding into other businesses where these types of specialized products are needed. Performance Elastomers Corporation (PEC) is a US-based company that manufactures construction elastomers. Asia-Pacific was the largest region in the construction elastomers market in 2022. North America was the second-largest market in the construction elastomers market share. The regions covered in the construction elastomers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the construction elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The construction elastomers market consists of sales of construction elastomers by types of chemistry, including silicone, neoprene, and polybutadiene. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction elastomers market research report is one of a series of new reports from The Business Research Company that provides construction elastomers market statistics, including construction elastomers industry global market size, regional shares, competitors with a construction elastomers market share, detailed construction elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the construction elastomers industry. This construction elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The silicone elastomers are used for electrical insulation as sheet, tape, wire and cable coverings, extruded sleeving and moldings, and many other applications. Silicone elastomers are a range of heat-stable elastic silicone materials used for electrical insulation, where they play a critical role in the delivery of high-quality prefabricated building elements. The main types of silicone elastomers are high-temperature vulcanized, room temperature vulcanized, and liquid silicone rubber. High temperature vulcanized is a type of rubber that possesses strong mechanical properties in the elastomer product space and is used in compression molding, extrusion, and injection molding. The various process types include compression molding, liquid injection molding, injection molding, extrusion, and others that are used in automotive and transportation, electrical and electronics, healthcare, consumer goods, industrial machinery, and other end users. The global silicone elastomers market is segmented – 1) By Product: High Temperature Vulcanized, Room Temperature Vulcanizing, Liquid Silicone Rubber 2) By Process: Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Other Process Types 3) By End User: Automotive and Transportation, Electrical and Electronics, Healthcare, Consumer Goods, Industrial Machinery, Other End Users The global silicone elastomers market size grew from $7.34 billion in 2022 to $8.02 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global silicone elastomers is expected to grow to $10.7 billion in 2027 at a CAGR of 7.5%. The rapid growth in the automotive and construction industries is expected to propel the growth of the silicone elastomers market going forward. Construction refers to the operations of installing and assembling project equipment and materials. As silicon elastomers are widely used in the automotive and construction industries for engine and gearbox gasketing, power-train sealing, and battery modules, as a result, the growth in those industries increases the demand for silicone elastomers. For instance, according to India Brand Equity Foundation data 2021, the Indian automotive industry (including component manufacturing) has been expected to reach Rs. 16.16–18.18 trillion (USD251.4–282.8 billion) by 2026. In addition, according to international construction data 2021, despite the ongoing uncertainty of the COVID-19 pandemic, global construction output has seen a growth of 5.7% in 2021. Therefore, the rapid growth in the automotive and construction industries will drive the growth of the silicone elastomers market. Major players in the silicone elastomers market are Mesgo S.P.A., Momentive Performance Materials Inc., Shin-Etsu Chemical Co, KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd., Specialty Silicone Products, ContiTech AG., Dow Corning, Wacker Chemie, Allergan Inc., Saint-Gobain, Bentec Medical, Zhejiang Xinan, Reiss Tech Inc., Cabot Corporation, Shenzhen Inno Silica Co. Ltd., ICM Products Inc., and 2D Chemical Ltd. The introduction of biomedical-grade silicone elastomers has emerged as the key trend gaining popularity in the silicone elastomer market. Major companies operating in the silicone elastomers sector are focused on the introduction of biomedical-grade silicone elastomers to meet customer demand. For instance, in October 2021, DuPont, a US-based provider of new technologies and performance materials serving various industries, unveiled the launch of DuPont-Liveo pharma bottle closures, is one-piece silicone stoppers, and tubing made from biomedical-grade silicone elastomers. It is mainly designed to seal the threaded glass and plastic bottles and containers used for critical fluid transfer. In January 2021, The Momentive Performance Materials, Inc., a US-based chemical company, acquired Basildon Chemicals, a subsidiary of KCC Corporation, for an undisclosed amount. With this acquisition, the Momentive Performance Materials, Inc. company would expand its global footprint, focusing on strengths and expertise in advanced technologies while also bolstering the innovation pipeline. Basildon Chemicals is a UK-based chemical manufacturing company operating in silicone elastomers. North America was the largest region in the silicone elastomers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the silicone elastomers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the silicone elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The silicone elastomers market consists of sales of high-consistency rubber and fluorosilcone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The silicone elastomers market research report is one of a series of new reports from The Business Research Company that provides silicone elastomers market statistics, including silicone elastomers industry global market size, regional shares, competitors with a silicone elastomers market share, detailed silicone elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the silicone elastomers industry. This silicone elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Cast elastomers refer to rubber-like polymers that stretch for further than other kinds of materials and, like springs, snap back into shape when the force is released. These are the all polymers that expand with force and then return to their original shape after removing the force applied. These are used in bearings, wear strips, bumpers, shock absorbers, and slide plates. The main types of cast elastomers are hot-cast elastomer and cold cast elastomer. Hot cast elastomers are used in rigorous applications that include the highest performance. The processing of hot-cast elastomers involves heated components tooling along with a hot post-cure to optimize properties. The different distribution channels include online, and offline and are used by several sectors such as mining, automotive and transportation, industrial, oil and gas, and others. The global cast elastomer market is segmented - 1) By Type: Hot Cast Elastomer, Cold Cast Elastomer 2) By Distribution: Online, Offline 3) By End-Use Industry: Mining, Automotive And Transportation, Industrial, Oil And Gas, Other End-Users The global cast elastomer market size grew from $1.4 billion in 2022 to $1.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cast elastomer is expected to grow to $1.91 billion in 2027 at a CAGR of 6.2%. The rise in demand for cast elastomers in various end-use industries is expected to propel the growth of the cast elastomer market in the coming years. Cast elastomers are utilized in a variety of applications in the industrial sector, including seals and gaskets, forklift wheels, coupling elements, conveyor belts, and more. These materials are then employed in a variety of sectors, including construction, heavy industry, paper, and so on. For instance, in 2020, Pacific Urethanes, an Australia-based company that specializes in the development and production of polyurethane systems developed UrePacSpraycast elastomers, which are operated through a dual-component spray machine. UrePacSpraycast elastomers have high elasticity, chemical resistance, and tensile strength. These are generally used as protective linings for utility vehicles, truck bed linings, and architectural moldings. Therefore, the rise in demand for cast elastomers in various end-use industries is driving the cast elastomers market growth. Major players in the cast elastomer market are Argonics, BASF, Chemline Incorporation, Coim Group, Covestro, DuPont, Era Polymers Pty Ltd., Huntsman International LLC, Lanxess AG, Mitsui Chemicals Inc., Notedome Limited, Synthesia Technology, The Dow Chemical Company, Tosoh Corporation, and Carlisle Polyurethane Systems. The increasing use of bio-based raw materials in cast elastomers is shaping the cast elastomer market. Companies in the cast elastomers sector are stepping up initiatives to develop bio-based products that will assist industry stakeholders in reducing their environmental impact and carbon footprint. For instance, in August 2020, Lanxess, a Germany-based specialty chemicals company, developed a new line of MDI polyether prepolymers called Adiprene Green which is made from renewables and bio-based raw materials. The products can be used to make highly durable polyurethane (PU) elastomers in place of conventional fossil-based polyether prepolymers. The overall goal of Adiprene Green's development was to establish a line of bio-based prepolymers that would allow PU processors to generate products with a lower CO2 footprint. In February 2021, Polytek, a US-based producer of specialty polymers for casting, coating, and mold-making applications acquired Endurance Technologies for an undisclosed amount. With this acquisition, Polytek’s manufacturing facilities and capacities have been expanded, and its technical competency has been enhanced. Endurance Technologies is an India-based auto component manufacturer that specializes in cast elastomers. North America was the largest region in the cast elastomer market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cast elastomer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cast elastomer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cast elastomers market consists of sales of polyether, polyesters, TDI-based, and MDI-based.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cast elastomers market research report is one of a series of new reports from The Business Research Company that provides cast elastomers market statistics, including cast elastomers industry global market size, regional shares, competitors with a cast elastomers market share, detailed cast elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the cast elastomers industry. This cast elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

High-performance computing refers to a system or device with the capacity to analyze data and carry out intricate computations at high speed by establishing a dependable, rapid IT infrastructure capable of storing, processing, and analyzing vast volumes of data for various applications such as academic institutions, government agencies, businesses, engineering, and others. The main data types of high-performance computing are structured, unstructured, and semi-structured. Structured data high-performance computing refers to data that has been prepared and formatted to a certain structure before being stored in data storage for computing purposes. The components of high-performance computing include software, hardware, and services. Small, medium and large-scale enterprises in industries ranging from healthcare, government & defense, information technology (IT) & telecom, banking & finance, transportation & logistics, retail & consumer goods, media & entertainment and other sectors use high-performance computing for various day-to-day business activities. It can be deployed on-premise and cloud. The global high performance computing market is segmented - 1) By Data Type: Structured, Unstructured, Semi Structured 2) By Component: Software, Hardware, Services 3) By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises 4) By Deployment Type: Cloud, On-premises 5) By Industry Vertical: Government and Defence, IT and Telecom, Banking and Finance, Transportation and logistics, Retail and Consumer goods, Media and Entertainment, Others The global high performance computing market size will grow from $41.91 billion in 2022 to $46.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the high performance computing is expected to grow to $66.77 billion in 2027 at a CAGR of 9.6%. The emerging need for high-speed data processing with accuracy is driving the high-performance computing market. When data is processed, it is gathered and converted into useable information. It is critical that data processing is done appropriately and faster so that the result, or data output, is not harmed. HPC allows users to analyze massive volumes of data faster than a regular computer, resulting in faster insights and allowing enterprises to remain ahead of the competition. According to Forbes big data statistics, data generation, capture, copying, and consumption increased by a staggering 5000%. The data consumption grew from 1.2 trillion gigabytes to over 60 trillion gigabytes between 2010 and 2020. Therefore, the rising need for high-speed data processing with accuracy will propel the high-performance computing market growth. Major players in the high-performance computing market are Intel, IBM, Dell, Lenovo, Fujitsu, Atos, Cisco, NVIDIA, Amazon Web Services, Hewlett Packard Enterprise, Advanced Micro Devices Inc., AMD, Sugon, Inspur, and NEC Corporation. Technological innovation is a key trend gaining popularity in the high-performance computing market. The companies operating in the high-performance computing market are focusing on the integration of artificial intelligence into high-performance computing solutions to meet end-customer demands and strengthen their market position. Artificial intelligence (AI) integration is used to intelligently queue and process workloads, optimizing the resources of HPC systems. For instance, In November 2020, Lenovo Data Center Group (DCG), launched new high-performance computing solutions with deep analytics and AI integration to accelerate and optimize data computing and improve decision making. In January 2022, Nvidia, a US-based software company that provides graphics processing units (GPUs), application programming interfaces (APIs), and system on a chip (SoC), acquired Bright Computing for an undisclosed amount. With this acquisition, Nvidia will extend its accelerated computing offering with its Bright Cluster Manager solution by opening new markets for Bright Computing. Bright Computing is a US-based software company that provides automation and management software for HPC and machine learning. North America was the largest region in the high-performance computing market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the high-performance computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high-performance computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The high-performance computing market includes revenues earned by entities by processing data and performing high-speed calculations to solve complex problems in science, engineering, and businesses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high-performance computing market research report is one of a series of new reports from The Business Research Company that provides high-performance computing market statistics, including high-performance computing industry global market size, regional shares, competitors with a high-performance computing market share, detailed high-performance computing market segments, market trends and opportunities, and any further data you may need to thrive in the high-performance computing industry. This high-performance computing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

HPCaaS (high-performance computing as a service) refers to the practice of employing parallel data processing to accelerate computation and carry out complicated calculations by pooling computing resources, enabling even advanced applications to function effectively in accordance with user demands and expectations. High-performance computing as a service is used to give the tools necessary to handle enormous amounts of data through existing systems while doing sophisticated calculations and providing high-level processing capacity to customers with the help of the cloud. The main components of high-performance computing as a service are solutions and services. HPCAAS solutions refer to the solutions that are used to enable efficient management and customization of the workflow by assisting in terms of optimal performance, flexible deployment, and critical component management. The various deployment types include private cloud, public cloud, and hybrid clouds that are used in various industries such as manufacturing, BFSI, healthcare, government, media and entertainment, and other industries. The global high performance computing as a service market is segmented - 1) By Component: Solutions, Services 2) By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud 3) By Industry Vertical: Manufacturing, BFSI, Healthcare, Government, Media and Entertainment, Other Industry Verticals The global high performance computing as a service market size will grow from $9.3 billion in 2022 to $10.38 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the high performance computing as a service is expected to grow to $16.09 billion in 2027 at a CAGR of 11.6%. An increase in data generation is expected to propel the growth of high-performance computing as a service market going forward. Data generation refers to the generation of datasets that are intended to be further processed in a database. High-performance computing enables the user to quickly handle enormous amounts of data generated, resulting in quicker insights and the capacity to stay one step ahead of the competition. For instance, in April 2019, according to a report released by the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, by the year 2025, it is predicted that 463 exabytes of data, the equivalent of 212.77 million DVDs per day, is expected to be generated globally each day. Therefore, an increase in data generation is driving the high-performance computing as a service market growth. Major players in the high performance computing as a service market are Amazon Web Services Inc., Dell Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Nimbix Inc., Penguin Computing, Sabalcore Computing Inc., The UberCloud Inc., IDG Communications Inc., Adaptive Computing., Hitachi Ltd., Atos SE, Nvidia Corporation, Rescale Inc., Hadean Supercomputing Ltd., Super Micro Computer Inc., Intel Corporation, and Fujitsu Ltd. Technological advancements are a key trend gaining popularity in the high-performance computing as a service market. Major companies operating in the high-performance computing as a service market are introducing new technologies such as SpeedCloud to sustain their position in the high-performance computing as a service market. For instance, in July 2021, NxtGen, an India-based technology company that provides data center and cloud-based services, launched SpeedCloud High-Performance Computing as a Service (HPCaaS) to make high-performance computing more widely adopted by businesses, research institutions, and governmental organizations to enable mainstream accessibility. SpeedCloud HPC-aaS leverages modern and advanced CPUs, GPUs, and low-latency networks, helping its users perform massive calculations in a matter of minutes and providing lower TCO. This launch represents another step forward for NxtGen’s product portfolio. In January 2022, NVIDIA Corporation, a US-based technology corporation acquired Bright Computing for an undisclosed amount. With the acquisition, Nvidia is anticipated to combine its system software expertise to make HPC data centers simpler to purchase, construct, and run, paving the way for a significantly more expansive future for HPC. Bright Computing Inc., is a provider of high performance computing system management software. North America was the largest region in the high-performance computing as a service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this high-performance computing as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high-performance computing as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The high-performance computing as a service market consists of revenues earned by entities by providing hosted private cloud and colocation services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high-performance computing as a service market research report is one of a series of new reports from The Business Research Company that provides high-performance computing as a service market statistics, including high-performance computing as a service industry global market size, regional shares, competitors with high-performance computing as a service market share, detailed high-performance computing as a service market segments, market trends and opportunities, and any further data you may need to thrive in the high-performance computing as a service industry. This high-performance computing as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

High-performance alloys refer to metal compounds that are created to provide improved properties such as stronger mechanical properties, improved resistance to oxidation and corrosion, and greater resistance to thermal creep. These alloys are used in various industries to improve strength, corrosion resistance, ductility, wear resistance, and fatigue resistance. Wrought alloy and cast alloy are the two main types of high-performance alloys. Wrought alloys are non-ferrous metal alloys with a composition that makes them extremely ductile. The materials used are aluminum, titanium, magnesium, and other materials. The various applications involved aerospace, industrial gas turbines, industrial, automotive, oil and gas, electrical and electronics, and other applications. The global high performance alloys market is segmented - 1) By Alloy Type: Wrought Alloy, Cast Alloy 2) By Material: Aluminum, Titanium, Magnesium, Other Materials 3) By Application: Aerospace, Industrial Gas Turbine, Industrial, Automotive, Oil and Gas, Electrical and Electronics, Other Applications The global high performance alloys market size will grow from $9.5 billion in 2022 to $10.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of high performance alloys is expected to grow to $12.94 billion in 2027 at a CAGR of 6.3%. Increasing demand from the end-user industry is expected to propel the growth of the high-performance alloy market going forward. High-performance alloys are used for a variety of purposes such as higher mechanical strength, better corrosion and oxidation resistance, and greater thermal creep resistance in various end-user industries such as automotives, electrical and electronics. As a result, an increase in demand for high-performance alloys from end-user industries also increases the demand for the high-performance alloys market. For instance, in 2021, the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry, said that 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. Further, according to the Japan Electronics and Information Technology Industries Association, the net production of electronics in Japan increased from 103.6% in 2021 to 110.8%in 2022. Therefore, the increasing demand from the end-user industry is driving the high-performance alloy market. Major players in the high performance alloys market are Allegheny Technologies Incorporated, Carpenter Technology Corporation, Haynes International Inc., Hitachi Metals Ltd., Outokumpu Oyj, Precision Castparts Corporation, The Timken Company, VSMPO-AVISMA Corporation, Nippon Yakin Kogyo Co Ltd., Materion Corporation, Wall Colmonoy Corporation, Stanford Advanced Materials, Arconic Corporation, Thyssenkrupp AG, RTI International Metals, and Baowu Steel Group CorporatioLtd. Technological advancements are a key trend gaining popularity in the high-performance alloy market. Major companies operating in the high-performance alloy market are focused on developing new technological solutions to strengthen their position. For instance, in January 2022, Alloy Wire International (AWI), a UK-based manufacturer of high-performance alloys, launched a high-performance alloy, INCONEL: 617, a Chromium-Cobalt-Molybdenum alloy aluminium for various applications. This new alloy has unique features such as a combination of increased strength and stability at elevated temperatures up to 1,100 while retaining the high-temperature corrosion resistance of INCONEL alloy 601. The high nickel and chromium content makes the alloy resistant to a variety of reducing and oxidising media. In December 2021, Aperam, a Luxembourg-based company and producer of stainless, electrical, and specialty steel, acquired ELG for an amount of EUR 357 million (USD 359.9 million). With this acquisition of ELG, Aperam places the circular economy at the core of its growth strategy. ELGLG is a Germany-based company operating in high-performance alloys. Asia-Pacific was the largest region in the high performance alloys market in 2022. The regions covered in this high performance alloys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high performance alloys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The high-performance alloys market consists of sales of fine wire, aluminum, composite-clad materials, copper, and refractory materials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high-performance alloys market research report is one of a series of new reports from The Business Research Company that provides high-performance alloys market statistics, including high-performance alloys industry global market size, regional shares, competitors with a high-performance alloys market share, detailed high-performance alloys market segments, market trends and opportunities, and any further data you may need to thrive in the high-performance alloys industry. This high-performance alloys market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Ethyl alcohol, also known as ethanol or grain alcohol, is a volatile, flammable, colorless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent. Ethyl alcohol is used as a solvent in the synthesis of other organic chemicals, as an ingredient in alcoholic beverages and as a gasoline additive in the automotive industry. The main types of ethyl alcohol are synthetic and fermented. Ethyl alcohol fermentation is defined as the chemical process in which the yeast transforms glucose and fructose in a solution into ethanol, carbon dioxide, and heat. The various applications of ethyl alcohol include industrial solvent, fuel/fuel additive, bacteriacide/disinfectant, beverages, personal care, and other applications. The major end-use industries of ethyl alcohol are automotive, food and beverages, pharmaceutical, personal care, and other end users. The global ethyl alcohol market is segmented - 1) By Type: Synthetic, Fermented 2) By Application: Industrial Solvent, Fuel/Fuel Additive, Bacteriacide/Disinfectant, Beverages, Personal Care, Other Applications 3) By End User Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Other End Use Industries The global ethyl alcohol market size will grow from $526.75 billion in 2022 to $563.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global market size of the ethyl alcohol is expected to grow from $721.58 billion in 2027 at a CAGR of 6.4%. Rising demand for ethanol in the food processing industry is contributing to the growth of the ethyl alcohol market. It is used as an intoxicating ingredient in manufacturing alcoholic and non-alcoholic beverages such as vodka and gin. Additionally, ethyl alcohol is also used as a natural product in non-alcoholic beverages as an adjunct. The food processing industry is growing significantly due to increased demand for ready-to-eat, frozen, and packaged foods. As a result, the demand from the food processing industry has also increased due to the growing population through new births and migrations, which further increases the industry's production and demand for ethanol. The demand for ethanol in the food processing industry will lead to the expansion of the global market for ethyl alcohol. For example, in India, the ethanol market is expected to grow to $7.38 billion by 2024 at a CAGR of 14.50% due to ethanol use in applications such as food and beverages. Rising demand for ethanol in the food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the ethyl alcohol market growth. Major players in the ethyl alcohol market are Advanced Bioenergy LLC., Andersons Ethanol Group, Archer Daniels Midland Company, Aventine Renewable Energy, Braskem, British Petroleum, Cargill Corporation, Green Plains Inc., Kirin Holding Company, and LyondellBasell Industries NV. The rise in awareness about the ill effects of alcohol consumption is expected to limit the growth of the ethyl alcohol market. According to a study by the World Health Organization (WHO), alcohol consumption is responsible for more than 200 diseases and injury conditions. It possesses a risk of health problems such as mental and behavioral disorders, diseases such as liver cirrhosis, cardiovascular diseases, and injuries from road accidents. With rising awareness of the effects of alcohol consumption on global health, the demand for information on consumption and its related harm and policies has risen significantly. For example, in 2020, according to the Journal of Studies, alcohol awareness in the Yukon increased to 42%, a 10% rise in awareness due to warning labels on alcohol bottles and drugs. This is bound to negatively impact the market. Companies are increasingly producing ethanol from corn and sugar in the ethyl alcohol market. Ethanol is produced from corn by the dry milling process. In this process, corn kernels are ground into flour or mash, which is then mixed with water. It is purified through distillation and dehydration to create ethanol. The rising demand for liquid fuels in the transportation industry, the global rising demand for oil, and the negative consequences of global warming have contributed to the increased use of corn-based sugar to produce ethanol, thereby reducing global warming gases. It can be used in many of today's passenger cars and trucks as a substitute for burning gasoline. The US Department of Agriculture (USDA) predicts that during the 2020–21 crop season, 5.2 billion hectares of corn will go to ethanol generation, an increase of 250 million hectares compared to the approximate amount of corn that moved to ethanol processing during the 2019–20 crop season. Additionally, the U.S. and Brazil produce 85% of the global ethanol from corn. Production of ethanol from corn helps in reducing greenhouse gases by 18%, and production of ethanol from sugar helps in reducing greenhouse gases by 90%. Production of ethanol from corn and sugar offers several advantages, such as reducing greenhouse gases and decreasing dependency on foreign oil. In October 2022, CIE, a US-based global provider of grain-based, high-quality, specialty alcohols acquired the assets of Elkhorn Valley Ethanol from Louis Dreyfus Company, a global agricultural commodities firm. The acquisition increases the capacity, expands the footprint, and increases the customer base of CIE with the addition of assets of Elkhorn Valley Ethanol. Elkhorn Valley Ethanol is an American producer of ethanol. Asia-Pacific was the largest region in the ethyl alcohol market in 2022. North America was the second largest market in the global ethyl alcohol market analysis. The regions covered in the global ethyl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethyl alcohol market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The ethyl alcohol market consists of the sales of ethyl alcohol used in products such as perfumes, aftershaves, beverages, liniments, colognes, medicinal liquids, mouthwashes, and rubbing alcohols. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ethyl alcohol market research report is one of a series of new reports from The Business Research Company that provides ethyl alcohol market statistics, including ethyl alcohol industry global market size, regional shares, competitors with an ethyl alcohol market share, detailed ethyl alcohol market segments, market trends and opportunities, and any further data you may need to thrive in the ethyl alcohol industry. This ethyl alcohol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The global chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals. The global chemicals market size will grow from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of chemicals is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market share. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemicals market report are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.