Uncategorized
Global High-Performance Plastic Additives Market Report 2023-2031: Burgeoning Opportunities in Growing Demand for Sustainable High-Performance Plastic Additives
Global High-Performance Plastic Additives Market Report 2023-2031: Burgeoning Opportunities in Growing Demand for Sustainable High-Performance Plastic Additives
PR Newswire
DUBLIN, Feb. 28, 2023
DUBLIN, Feb. 28, 2023 /PRNewswire/ — The “High-Perfo…
Share this:
Global High-Performance Plastic Additives Market Report 2023-2031: Burgeoning Opportunities in Growing Demand for Sustainable High-Performance Plastic Additives
PR Newswire
DUBLIN, Feb. 28, 2023
DUBLIN, Feb. 28, 2023 /PRNewswire/ -- The "High-Performance Plastic Additives Market - A Global and Regional Analysis: Focus on End User, Plastic Type, Additive Type, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global high-performance plastic additives market is projected to reach $2,839.3 million by 2031 from $1,239.3 million in 2022, growing at a CAGR of 9.6% during the forecast period 2022-2031.
The demand for high-performance plastic additives is anticipated to grow with the increasing demand from end-user industries such as transportation, medical, electricals and electronics, packaging, and others.
Furthermore, it is anticipated that during the projected period (2022-2031), the increasing adoption of high-performance plastics in the electrical and electronics industry and the growing green transportation technologies in several emerging economies, including China, India, and Thailand, are expected to further fuel the advancement of the global high-performance plastic additives market.
However, the rigorous environmental standards regarding the hazardous compounds in plastics are anticipated to hinder market growth in the upcoming future.
Market Lifecycle Stage
The global high-performance plastic additives market is in the growth phase. Increased investment and research and development activities are expected to boost the market.
Furthermore, due to high demand from end-user industries and rising public concerns, government regulations related to hazardous and non-degradable polymer compounds are expected to increase the demand for eco-sustainable polymers, thereby bolstering the global high-performance plastic additives market.
Moreover, the global high-performance plastic additives market is expected to benefit from the growing implementation of high-performance plastics such as polytetrafluoroethylene (PTFE) for metal replacement, which promotes market expansion.
Industrial Impact
High-performance plastic additives continue to improve the supreme sliding friction, weight-saving capabilities, rigidity, high stiffness, and durability of the materials to which they are applied.
As a result, these materials are gaining prominence in a variety of industries, including transportation, medical, aerospace, and electricals and electronics. One area where implementation has been significantly greater is the electrical and electronics industry, which has created opportunities for both existing market participants and market entrants.
Furthermore, high-performance plastic additives have a moderate to high impact on end-user industries; however, in the upcoming future, with increasing penetration of electrical and electronics, transportation, and other industries, the impact is anticipated to increase.
Impact of COVID-19
COVID-19 had an immediate and significant impact on the global high-performance plastic additives market because of country-wide shutdowns of manufacturing sites, labor shortages, and disruptions in supply and demand chains globally, which distorted the market.
The lockdowns imposed by the governments significantly reduced raw material productivity due to a shortage of operations in many regions throughout the world. The electrical and electronics, transportation, and other end-user sectors have been in a slowdown for the last couple of years.
The global demand for high-performance plastic additives has been severely impacted by these market downturns in the end-user industries. However, the market is anticipated to recover and is expected to rise gradually over the forecast period.
Region
In the global high-performance plastic additives market, Asia-Pacific and Japan and China are anticipated to gain traction in terms of high-performance plastic additives production, owing to the continuous growth in electrical and electronics production and the presence of key manufacturers in the regions.
Recent Developments in the Global High-Performance Plastic Additives Market
In September 2022, SABIC unveiled the LNP THERMOCOMP AM DC0041XA51 compound at InnoTrans 2022 in Berlin, Germany. It is an innovative carbon fiber-reinforced, flame-retardant (FR) substance appropriate for pellet-fed additive manufacturing (PFAM/), which is fully complied with E.U. and U.S. rail fire safety requirements.
In September 2021, 3M expanded its line of boron nitride cooling fillers with new product grades, i.e., boron nitride cooling filler agglomerates CFA 100 and boron nitride cooling filler agglomerates CFA 150. Both consist of soft boron nitride agglomerates, which are used to enhance isotropic thermal conductivity and have applicability in automotive, electrical, and electronic devices and components.
In October 2022, during K 2022 in Dusseldorf, Germany, Evonik Industries AG displayed its most recent viable strategies for the polymers and foam industries. INFINAM PA, a new and improved grade of PA-12 powders with drastically reduced CO2 emissions for fused deposition 3D printing technologies, was also displayed.
How can this report add value to an organization?
The study provides the reader with a detailed understanding of the global high-performance plastic additives market based on the end user (transportation, medical, electricals and electronics, packaging industry, and others). Additionally, high-performance plastic additives are gaining traction in end-user industries on the back of sustainability concerns and are also being used to modify the properties of different polymers.
The global high-performance plastic additives market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global high-performance plastic additives market.
Key players in the global high-performance plastic additives market analyzed and profiled in the study involve high-performance plastic additive manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global high-performance plastic additives market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing companies' high-performance plastic additives coverage, product portfolio, and market penetration.
The global high-performance plastic additives market has been segmented into different additive types, among which flame retardants captured around 20.2% of the market as of 2021. The lubricants segment accounted for around 14.7%, antioxidant segment accounted for 10.0%, stabilizers accounted for 11.7%, plasticizers accounted for 3.7%, and other additive types accounted for 39.7% of the total demand in 2021 in terms of value.
Market Segmentation
- End User: The electrical and electronics industry is the prominent end-user segments in the global high-performance plastic additives market.
- Plastic Type: The global high-performance plastic additives market is estimated to be led by high-performance polyamide in terms of plastic type.
- Additive Type: The global high-performance plastic additives market is estimated to be led by flame retardants and others in terms of additive type.
Key Companies Profiled
- Solvay S.A.
- Evonik Industries AG.
- Colloids Ltd.
- SABIC
- Ensinger
- L.Brueggemann GmbH & Co. KG
- Americhem, Inc.
- Colortech Inc.
- Tosaf Compounds Ltd.
- Arkema
- BASF SE
- 3M
- SUQIAN UNITECH CORP., LTD.
- Nouryon
- Avient Corporation
- Kemipex
- Advanced Polymer Solutions, LLC
- NEWOS GmbH
- Ceramer GmbH
- Karan Industrial Group
Industry Outlook
Trends: Current and Future
- Rising Demand for High-Performance Plastic Additives in Batteries and Green Technology Applications
- Rising Demand for High-Performance Plastic Additives in Fuel Cells to Minimize Carbon Emissions
Ecosystem/Ongoing Programs
- Consortiums and Associations
- Regulatory Bodies
- Programs by Research Institution and Universities
Business Dynamics
Business Drivers
- Rising Demand from Automotive Industry.
- Replacement of Conventional Material in a Variety of Applications
- Development of Innovative Applications and Rising Demand from the Electronics Industry
Business Challenges
- Strict Government Regulations for the Plastic Industry
- High Cost and Rising Price Volatility of Raw Materials
Business Strategies
- Product Developments
- Market Developments
Business Opportunities
- Rising Research and Development Activities in the Market
- Growing Semiconductor Industry to Create Opportunities for High-Performance Plastic Additives
- Growing Demand for Sustainable High-Performance Plastic Additives
Startup Landscape
- Key Start-ups in the Ecosystem
Global High-Performance Plastic Additives Market (by End User)
- Transportation
- Medical
- Electrical and Electronics
- Packaging
- Others
- Demand Analysis of High-Performance Plastic Additives Market (by End User), Volume and Value Data
Global High-Performance Plastic Additives Market (Products and Specifications)
- Global High-Performance Plastic Additives Market (by Plastic Type)
- Fluoropolymers
- High-performance Polyamides
- Sulfone Polymers
- Liquid Crystal Polymers
- Polyimides
- Others
- Demand Analysis of High-Performance Plastic Additives (by Plastic Type), Volume and Value Data
Global High-Performance Plastic Additives Market (by Additive Type)
- Plasticizers
- Flame Retardants
- Lubricants
- Antioxidants
- Stabilizers
- Others
- Demand Analysis of High-Performance Plastic Additives (by Additive Type), Volume and Value Data
Patent Analysis
- Patent Analysis (by Status)
- Patent Analysis (by Organization)
For more information about this report visit https://www.researchandmarkets.com/r/6lr8o9-performance?w=5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
Uncategorized
February Employment Situation
By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…
Share this:
By Paul Gomme and Peter Rupert
The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.
Temporary help services employment continues a steep decline after a sharp post-pandemic rise.
Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.
The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.
The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.
Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.
As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.
Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.
The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.
unemployment pandemic unemploymentUncategorized
Mortgage rates fall as labor market normalizes
Jobless claims show an expanding economy. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.
Share this:
Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking.
The key labor data line in this expansion is the weekly jobless claims report. Jobless claims show an expanding economy that has not lost jobs yet. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.
From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250
Below is an explanation of how we got here with the labor market, which all started during COVID-19.
1. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. 9, 2020. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.
2. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Job openings rose as high as to 12 million and are currently over 9 million. Even with the massive miss on a job report in May 2021, I didn’t waver.
Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage.
3. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022. At the time this would be a speedy labor market recovery, and it happened on schedule, too
Total employment data
4. This is the key one for right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000. This is important because job growth should be cooling down now. We are more in line with where the labor market should be when averaging 140K-165K monthly. So for now, the fact that we aren’t trending between 140K-165K means we still have a bit more recovery kick left before we get down to those levels.
From BLS: Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.
Here are the jobs that were created and lost in the previous month:
In this jobs report, the unemployment rate for education levels looks like this:
- Less than a high school diploma: 6.1%
- High school graduate and no college: 4.2%
- Some college or associate degree: 3.1%
- Bachelor’s degree or higher: 2.2%
Today’s report has continued the trend of the labor data beating my expectations, only because I am looking for the jobs data to slow down to a level of 140K-165K, which hasn’t happened yet. I wouldn’t categorize the labor market as being tight anymore because of the quits ratio and the hires data in the job openings report. This also shows itself in the employment cost index as well. These are key data lines for the Fed and the reason we are going to see three rate cuts this year.
recession unemployment covid-19 fed federal reserve mortgage rates recession recovery unemploymentUncategorized
Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month
Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month
Last month we though that the January…
Share this:
Last month we though that the January jobs report was the "most ridiculous in recent history" but, boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka BLS) published the February jobs report, and holy crap was that something else. Even Goebbels would blush.
What happened? Let's take a closer look.
On the surface, it was (almost) another blockbuster jobs report, certainly one which nobody expected, or rather just one bank out of 76 expected. Starting at the top, the BLS reported that in February the US unexpectedly added 275K jobs, with just one research analyst (from Dai-Ichi Research) expecting a higher number.
Some context: after last month's record 4-sigma beat, today's print was "only" 3 sigma higher than estimates. Needless to say, two multiple sigma beats in a row used to only happen in the USSR... and now in the US, apparently.
Before we go any further, a quick note on what last month we said was "the most ridiculous jobs report in recent history": it appears the BLS read our comments and decided to stop beclowing itself. It did that by slashing last month's ridiculous print by over a third, and revising what was originally reported as a massive 353K beat to just 229K, a 124K revision, which was the biggest one-month negative revision in two years!
Of course, that does not mean that this month's jobs print won't be revised lower: it will be, and not just that month but every other month until the November election because that's the only tool left in the Biden admin's box: pretend the economic and jobs are strong, then revise them sharply lower the next month, something we pointed out first last summer and which has not failed to disappoint once.
In the past month the Biden department of goalseeking stuff higher before revising it lower, has revised the following data sharply lower:
— zerohedge (@zerohedge) August 30, 2023
- Jobs
- JOLTS
- New Home sales
- Housing Starts and Permits
- Industrial Production
- PCE and core PCE
To be fair, not every aspect of the jobs report was stellar (after all, the BLS had to give it some vague credibility). Take the unemployment rate, after flatlining between 3.4% and 3.8% for two years - and thus denying expectations from Sahm's Rule that a recession may have already started - in February the unemployment rate unexpectedly jumped to 3.9%, the highest since February 2022 (with Black unemployment spiking by 0.3% to 5.6%, an indicator which the Biden admin will quickly slam as widespread economic racism or something).
And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...
... for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...
... but has since been revised higher while the February print rose even more, to 34.3, hence why the latest average wage data was once again a product not of wages going up, but of how long Americans worked in any weekly period, in this case higher from 34.1 to 34.3, an increase which has a major impact on the average calculation.
While the above data points were examples of some latent weakness in the latest report, perhaps meant to give it a sheen of veracity, it was everything else in the report that was a problem starting with the BLS's latest choice of seasonal adjustments (after last month's wholesale revision), which have gone from merely laughable to full clownshow, as the following comparison between the monthly change in BLS and ADP payrolls shows. The trend is clear: the Biden admin numbers are now clearly rising even as the impartial ADP (which directly logs employment numbers at the company level and is far more accurate), shows an accelerating slowdown.
But it's more than just the Biden admin hanging its "success" on seasonal adjustments: when one digs deeper inside the jobs report, all sorts of ugly things emerge... such as the growing unprecedented divergence between the Establishment (payrolls) survey and much more accurate Household (actual employment) survey. To wit, while in January the BLS claims 275K payrolls were added, the Household survey found that the number of actually employed workers dropped for the third straight month (and 4 in the past 5), this time by 184K (from 161.152K to 160.968K).
This means that while the Payrolls series hits new all time highs every month since December 2020 (when according to the BLS the US had its last month of payrolls losses), the level of Employment has not budged in the past year. Worse, as shown in the chart below, such a gaping divergence has opened between the two series in the past 4 years, that the number of Employed workers would need to soar by 9 million (!) to catch up to what Payrolls claims is the employment situation.
There's more: shifting from a quantitative to a qualitative assessment, reveals just how ugly the composition of "new jobs" has been. Consider this: the BLS reports that in February 2024, the US had 132.9 million full-time jobs and 27.9 million part-time jobs. Well, that's great... until you look back one year and find that in February 2023 the US had 133.2 million full-time jobs, or more than it does one year later! And yes, all the job growth since then has been in part-time jobs, which have increased by 921K since February 2023 (from 27.020 million to 27.941 million).
Here is a summary of the labor composition in the past year: all the new jobs have been part-time jobs!
But wait there's even more, because now that the primary season is over and we enter the heart of election season and political talking points will be thrown around left and right, especially in the context of the immigration crisis created intentionally by the Biden administration which is hoping to import millions of new Democratic voters (maybe the US can hold the presidential election in Honduras or Guatemala, after all it is their citizens that will be illegally casting the key votes in November), what we find is that in February, the number of native-born workers tumbled again, sliding by a massive 560K to just 129.807 million. Add to this the December data, and we get a near-record 2.4 million plunge in native-born workers in just the past 3 months (only the covid crash was worse)!
The offset? A record 1.2 million foreign-born (read immigrants, both legal and illegal but mostly illegal) workers added in February!
Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...
... but there has been zero job-creation for native born workers since June 2018!
This is a huge issue - especially at a time of an illegal alien flood at the southwest border...
... and is about to become a huge political scandal, because once the inevitable recession finally hits, there will be millions of furious unemployed Americans demanding a more accurate explanation for what happened - i.e., the illegal immigration floodgates that were opened by the Biden admin.
Which is also why Biden's handlers will do everything in their power to insure there is no official recession before November... and why after the election is over, all economic hell will finally break loose. Until then, however, expect the jobs numbers to get even more ridiculous.
Wendy’s has a new deal for daylight savings time haters
Mortgage rates fall as labor market normalizes
Shipping company files surprise Chapter 7 bankruptcy, liquidation
Economic Earthquake Ahead? The Cracks Are Spreading Fast
February Employment Situation
Wendy’s teases new $3 offer for upcoming holiday
Inside The Most Ridiculous Jobs Report In Recent History: Record 1.2 Million Immigrant Jobs Added In One Month
Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month
-
Uncategorized2 weeks agoAll Of The Elements Are In Place For An Economic Crisis Of Staggering Proportions
-
Uncategorized1 month agoCathie Wood sells a major tech stock (again)
-
Uncategorized3 weeks agoCalifornia Counties Could Be Forced To Pay $300 Million To Cover COVID-Era Program
-
Uncategorized2 weeks agoApparel Retailer Express Moving Toward Bankruptcy
-
Uncategorized3 weeks agoIndustrial Production Decreased 0.1% in January
-
International2 days agoWalmart launches clever answer to Target’s new membership program
-
International2 days agoEyePoint poaches medical chief from Apellis; Sandoz CFO, longtime BioNTech exec to retire
-
Uncategorized3 weeks agoRFK Jr: The Wuhan Cover-Up & The Rise Of The Biowarfare-Industrial Complex