Global Silicone (except Resins) Market

Synthetic Dyes And Pigments Market Definition

The polyethylene terephthalate market consists of sales of polyethylene terephthalate and related services. It is widely used in various applications such as automotive, food and beverage packaging, and electronics. Polyethylene terephthalate is a high gloss, crack-resistant transparent plastic. They are general purpose thermoplastic polymers produced by the reaction of mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical and dimensional stability. The global polyethylene terephthalate market is expected to grow from $18.78 billion in 2020 to $22.66 billion in 2021 at a compound annual growth rate (CAGR) of 20.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $26.61 billion in 2025 at a CAGR of 4%. The polyethylene terephthalate market covered in this report is segmented by product type into virgin, recycle. Rising demand of polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market. The increasing demand for bottled drinks and glass and metal container replacements finds no better alternatives to polyethylene terephthalate, due to its versatility in shape and size. According to the springer report 2019, global production of plastics is over 300 million tons, 20% of which is produced in China. China is not only the largest producer of polyethylene terephthalate but also the largest consumer of the world. The rising demand in food and beverages packaging industry increased the demand for polyethylene terephthalate during the historic period, driving the market. Strict regulations on use of plastic is a major challenge in the polyethylene terephthalate market. Governments across the world are imposing restrictions on plastic products such as bottles, and single-use plastics and are bringing awareness on recycling plastic materials. For instance, in 2019, according to an article published by the 'The Economic Times', nine out of ten bottles of polyethylene terephthalate are recycled in India, affecting the manufacturing of polyethylene terephthalate. In October 2019, India announced a plan, "Clean India Mission" which is an attempt to "sensitize" the public against single-use plastics and it planned to eliminate single-use plastics within three years. Furthermore, according to the Federation of Indian Chambers of Commerce and Industry, India produces about 33 million pounds of plastic waste each day, and 60 percent of it is recycled. That’s approximately 24 pounds of waste per person per year, compared with 62 pounds globally. Imposing strict regulations on manufacturing and recycling plastic products has a negative impact on polyethylene terephthalate market. Major companies are increasingly manufacturing bio-based PET using partially recyclable materials. Bio-based PET is light weight, recyclable, biodegradable, and reusable bioplastic material derived from biomass. It consists of 30% of plant derived ethanol glycol and 70% of terephthalic acid derived from fossils. This is also used for packaging of soft drinks, alcoholic beverages, food products, cosmetics, pharmaceutical products, and edible oils. The desire to use environmental friendly products and stringent regulations have encouraged the use of bio-friendly products in industries and has resulted in the increased demand of bio-based PET. For instance, in 2018, according to 'Bioplastics News', PepsiCo joined Danone and Nestle Waters in producing bio-based polyethylene terephthalate bottles (PET). A demonstration plant with an expected capacity of 18,000 tons of biomass will be built in Ontario (Canada), and will start by 2020 to produce 100% bio-based PET bottles. In January 2020, DAK Americas, a US-based company and largest integrated producer of PET resins in the world and the main producer of polyester staple fibers, headquartered in North Carolina, United States acquired Perpetual Recycling Solutions for an undisclosed amount. The acquisition of Perpetual and rPET capacity confirms Alpek Polyester’s ongoing dedication to sustainable product offerings to meet consumer demand for rPET content. Perpetual Recycling Solutions is a US-based company that is a high-quality manufacturer of post-consumer recycled PET resin. The major players covered in the global polyethylene terephthalate market are Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd, Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd, Saudi Basic Industries Corporation (SABIC), Sinopec Group, RTP COMPANY,  BASF SE, Dupont, DSM, M&G Group, Lanxess Corporation, Nan Ya Plastics, Lyondell Basell Industries N.V., Toray Industries, Inc., Neo Group, Dhunseri Petrochem Ltd., Lotte Chemical Corporation. The countries covered in the global polyethylene terephthalate market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global polyethylene terephthalate market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global polyethylene terephthalate market is segmented - 1) By Product Type: Virgin, Recycle 2) By End-Use Industry: Packaging, Electrical & Electronics, Automotive, Construction, Others (Material Handling and Strapping) 3) By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Others (Cosmetic Bottles and Household Products)

The cumene market consists of sales of cumene and related services. It is used as a raw material in the synthesis of other organic compounds, such as phenol, acetone, acetophenone, and methyl styrene. It is also used as a thinner for paints and lacquers. Cumene is a colorlesscolourless, flammable liquid and has a penetrating gasoline-like odor. The global cumene market is expected to grow from $15.97 billion in 2020 to $18.34 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.63 billion in 2025 at a CAGR of -1%. The cumene market covered in this report is segmented by end-user industry into paints industry, automotive industry, chemical industry, plastics industry and others. Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Acetone is used as a solvent in the pharmaceutical and cosmetic industries. Phenols are used for the production of epoxy resins used in paints and coatings. As a result, strong demand for phenols and acetones has resulted in its over-supply. The demand for acetone and phenol is increasing at a significant rate relative to supply, which offers new manufacturers great potential for establishing their facilities. The cumene market is expected to see a high growth rate during the forecast period due to increase in global demand for acetone. For instance, in 2019, China's acetone consumption was about 2.285 million tons, a rise of 17.18% year-on-year. The global production capacity of acetone was about 9.142 million tons, and about 90% of the production capacity was concentrated in Asia, the Americas, Europe, and Asia were estimated at 47%. Rising demand for phenols and acetones drove the cumene market. Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Cumene is used as a feed-stock in the production of phenol and acetone. Acetone is used as a solvent in the pharmaceutical and cosmetic industries where as phenols are used for the production of paints and coatings. Thus, strong demand for phenols and acetones has resulted in rise in the demand for cumene. For instance, in 2019, China's acetone consumption was about 2.285 million tons, a rise of 17.18% year-on-year. The global production capacity of acetone was about 9.142 million tons, and about 90% of the production capacity was concentrated in Asia, the Americas, Europe, and Asia were estimated at 47%. Thus, the rising demand for phenols and acetones positively drives the growth of the cumene market. Companies in the cumene market are investing in order to meet the future demand. For instance, in Germany, in 2019, INEOS Phenol, the world’s largest producer of acetone and phenol has done new cumene investment at the Evonik Chemiepark in Marl. The fully integrated unit will use existing pipeline connections between the production of INEOS phenol and acetone in Gladbeck, the Marl site of Evonik Chemiepark and the Gelsenkirchen refinery and cracker complex of BP. The new 750,000 tonnes cumene unit would be completed by 2021 and will meet future demand and improves supply protection for INEOS plants in Gladbeck and Antwerp. In 2018, Cabot Microelectronics Corporation, a USA-based company specialized in supplying consumable materials to semiconductor manufacturers and pipeline companies, acquired KMG Chemicals for $1.6 billion. The acquisition helped Cabot Microelectronics Corporation in broadening its position as the leading supplier of consumable materials in the semiconductor industry. Additionally, the combination will result in the global supply of performance products and services to improve pipeline operations. KMG Chemicals, Inc. is a USA-based company that specializes in manufacturing specialty chemicals for electronics, industrial wood preservation, and industrial lubricant markets. The major players covered in the global cumene market are Royal Dutch Shell Plc., Exxon Mobil Corporation, BP Plc., Sumitomo Chemical Co Ltd, BASF SE, The Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited, CEPSA, Chang Chun Group, Domo investment group, Braskem, SABIC, JX Nippon Oil, KMG Chemicals, CNPC, China Petrochemical Development Corporation, Koch Industries, Mitsui & Co. Ltd., Eni Spa, Sunoco, Aramco Services Company, Flint Hills Resources LP, Guangzhou VA-SO Plastics Co., Ltd., Axiall Corporation, Sigma-Aldrich, Total S.A., Borealis AG, JXTG Nippon Oil and Energy Corporation, Shell Corp. LLC. The countries covered in the global cumene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global cumene market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global cumene market is segmented - 1) By End-User Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry and Others 2) By Application: Phenol, Acetone, Chromatography, Others 3) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst

The ethyl alcohol market consists of sales of ethyl alcohol and related services. Ethyl alcohol is used as a solvent in the synthesis of other organic chemicals, as an ingredient in alcoholic beverages like beer, wine or brandy, and as a gasoline additive in the automotive industry. Ethyl alcohol also known as ethanol or grain alcohol is a volatile, flammable, colourless liquid industrially used as a chemical intermediate to make pharmaceutical ingredients or as a solvent. The global ethyl alcohol market is expected to grow from $457.43 billion in 2020 to $489.49 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $585.47 billion in 2025 at a CAGR of 5%. The ethyl alcohol market covered in this report is segmented by end use industry into automotive, food and beverages, pharmaceutical, personal care, others. 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. Due to increased ready-to-eat, frozen and packaged foods, the food processing industry is growing significantly. As a result, the demand from the food processing industry has also increased due to 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 from $2.50 billion in 2018 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 food processing industry is expected to boost the demand for ethyl alcohol during the forecast period, driving the market. The rise in awareness about ill effects of alcohol consumption is expected to limit the growth of the ethyl alcohol market. According to a study by World Health Organization (WHO), alcohol consumption is responsible for more than 200 diseases and injury conditions. It possesses risks of health problems such as mental and behavioural disorders, diseases such as liver cirrhosis, cardiovascular diseases and injuries from road accidents. With rising awareness of 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 dry milling process. In this process, corn kernel is prepared 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, global rising demand for oil, and 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, up 250 million hectares compared to the approximate amount of corn which 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 reduced greenhouse gases and decreases the dependency of foreign oil. In October 2019, The Andersons, Inc., a USA-based company specialized in agriculture, grain, rail, plant nutrients, and ethanol merged with Marathon Petroleum Corp. to form a new entity, The Andersons Marathon Holdings LLC. The merger is expected to enhance and broaden the ethyl alcohol facilities. The ethyl alcohol facilities in the merger include those in Albion, Mich, Clymers, Ind, and Greenville, Ohio. Marathon Petroleum Corp. is a USA-based petroleum refining company that specializes in refining, supplying, marketing, and transporting petroleum products. The major players covered in the global 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, LyondellBasell Industries NV, Mitsubishi Chemical Corporation, Pacific Ethanol Inc., SABIC, Sasol Limited, POET, Solvay Group, Valero, INEOS Group Holdings SA, Merck Millipore (U.S.). The countries covered in the global ethyl alcohol market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global ethyl alcohol market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. 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 Use Industry: Automotive, Food and Beverages, Pharmaceutical, Personal Care, Others

The plasticizers market consists of sales of plasticizers and related services. Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. The dominant applications are for rubber, resins and plastics especially polyvinyl chloride (PVC). The global plasticizers market is expected to grow from $78.91 billion in 2020 to $87.81 billion in 2021 at a compound annual growth rate (CAGR) of 11.3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $93.77 billion in 2025 at a CAGR of 2%. The plasticizers market covered in this report is segmented by type into phthalates plasticizers, DOP, DINP/DIDP/DPHP, others, non-phthalates plasticizers, DOTP, adipates, trimellitates, epoxies, benzoates. Rising demand for flexible polyvinyl chloride (PVC) contributing to the growth of the plasticizers market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. Increasing demand for flexible PVC material in various end-use industries, drives the demand for plasticizers. Flexible packaging provides a long-lasting safety, lightweight and compactness while maintaining a low carbon footprint, therefore rising demand of PVC from the packaging industry. The strict regulations on using phthalates plasticizers is limiting the growth of the plasticizers market. Phthalates plasticizers are the most commonly used plasticizers due to easy availability and low cost. Several companies are moving away from phthalate plasticizers as the number of studies reveal the health effects caused due to the use of plasticizers. However, non-governmental organizations such as the U.S. Green Building Council (USGBC) promotes the use of non-phthalate plasticizers because of their environment friendly nature. The applications of certain phthalates in many consumer products are prohibited in various countries. Directives such as EEC Directive and other regulations in Europe ban the use of phthalates plasticizers in some applications. The European parliament forbids the use of phthalates plasticizers such as DEHP, DBP, and BBP in toys and childcare products. Therefore, strict regulations on using phthalates plasticizers have a negative impact on the plasticizers market growth. Eco-friendly plasticizers are increasingly being used to prevent harmful phthalates plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproof with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalates plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material's plasticity. The global eco-friendly plasticizers market is growing rapidly due to increased demand of eco-friendly plasticizers to keep human health and environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing and is driving the growth of the plasticizers market. In May 2018, Lien Hwa Industrial Corp, a Taiwan-based company specialized in producing and selling flour, wheat bran, edible and food grains, acquired 16.4 million shares of UPC Technology Corp for $10.06 million at an average share price of $0.61. UPC Technology Corp is a Taiwan-based company specialized in manufacturing and distributing chemical products such as plasticizer, polyol, fatty ester, and other specialty chemicals. The major players covered in the global plasticizers market are Arkema S.A., BASF SE, Dow Chemical Company,  LG Chem Ltd., Evonik Industries Ag, Exxon Mobil Corporation, Eastman Chemical Company, Ineos Group, UPC GROUP, Bluesail, Nan Ya Plastics, Aekyung Petrochemical, Shandong Hongxin Chemicals, Shangdong Qilo Plasticizers, Clariant International, Adeka, Kao Corporation, Lanxess AG. The countries covered in the global plasticizers market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global plasticizers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global plasticizers market is segmented - 1) By Product Type: Phthalates Plasticizers, DOP, DINP/DIDP/DPHP, Others, Non-Phthalates Plasticizers, DOTP, Adipates, Trimellitates, Epoxies, Benzoates 2) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Others 3) By Distribution Channel: Online, Offline

The benzene market consists of sales of benzene and related services by entities that produce benzene. Benzene is used as an intermediary chemical in the manufacture of plastics, resin, nylons and synthetic fibers.

The ethylene market consists of sales of ethylene and its related services. Ethylene is an acyclic hydrocarbon, used in the manufacture of polymers such as polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC) and polystyrene (PS) as well as fibres and other organic chemicals.

The synthetic rubber and fibers market consists of the sales of synthetic rubber and fibers by entities (organizations, sole traders or partnerships) that produce synthetic rubber which is an artificial elastomer which is produced via the polymerization of a variety of petroleum-based monomers. The synthetic rubber and fibers market is segmented into fibers; styrene butadiene rubber (SBR); polybutadiene (BR); ethylene propylene (EPDM) and other synthetic rubber and fibers. The global synthetic rubber and fibers market is expected to grow from $196.44 billion in 2020 to $237.78 billion in 2021 at a compound annual growth rate (CAGR) of 21%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $262.05 billion in 2025 at a CAGR of 2%. Asia Pacific was the largest region in the global synthetic rubber and fibers market, accounting for 69% of the market in 2020. Western Europe was the second largest region accounting for 10% of the global market. Africa was the smallest region in the global synthetic rubber and fibers market. Technology is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as "Green Tires," where 20-30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advances which enabled improved performance, reduced fuel consumption contributed to the market growth. Rising geopolitical tensions had a negative impact on the synthetic rubber and fiber market during the historic period. Repercussions of geopolitical tensions included sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Many countries placed trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods including chemicals and plastics as of January 2020. Continued violence and terrorism in the Middle East and other parts globally are also expected to have a negative impact on the market. Many manufacturers have started to use more synthetic than natural rubber because falling crude oil prices led to lower prices. Synthetic rubber prices dropped 15% in Europe and 5% in the USA in the second quarter of compared to a year earlier.Synthetic rubber supply was consistent and more affordable than natural rubber during the studied period. According to estimates, European manufacturers now use 60% synthetic rubber and 40% natural rubber for manufacturing products associated with rubber. For instance, according to the report by rubberworld, the global synthetic rubber market is expected to reach 21.2 million metric tons by 2024. The countries covered in the global synthetic rubber and fibers market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, 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, USA, Venezuela, Vietnam. The regions covered in the global synthetic rubber and fibers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The major players covered in the global synthetic rubber and fibers market are DOW, Owens Corning, KUMHO Petrochemical, Teijin, TSRC Corporation. The global synthetic rubber and fibers market is segmented - 1) By Type: Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber And Fibers 2) By Application: Non-Tire Automotive, Footwear, Tire, Construction, Others