Month: August 2019

Posted in Business, Chemical & Materials, News

Industrial Lubricants Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2024

Posted on by Devanshu Shrivastava

Chemical oils are produced to optimize the operating life and performance of the equipment, which withstand extreme stress during the production of nitrogen fertilizers, especially in terms of temperature, pressure, and compatibility with ammonia and catalyst. On a global ground, the APAC region is anticipated to lead the industrial lubricants market during the 2016–2024 period. This is attributed to the rapid industrialization in India, China, and Southeast Asia along with the modernization of machinery across industries.

Global Market Size and Forecast

5.1 By Product

5.2 By Application

5.2.1 Metalworking by Type

5.2.1.1 Metal forming by metal type

5.2.1.2 Metal cutting by metal type

5.2.1.3 Metal joining by type

5.2.2 Textile by Type

5.2.2.1 Textile finishing by type

5.2.3 Energy by Type

5.2.4 Chemical Manufacturing by Type

5.2.5 Food Processing by Type

5.2.5.1 Canned food by type

5.2.6 Hydraulic Machinery by Type

5.3 By Region

Manufacturing sectors such as paper and mill, foundry, metal forming, food and beverages, and machinery are increasingly using industrial lubricants. Due to the debt crisis in Europe and economic recession in North America, the global industrial output witnessed a fall in 2008 and 2009. However, the manufacturing industry of developing nations, such as China, Indian, Brazil, Russia, and South Africa remained unaffected. The industrial production in these countries witnessed a rise during 2008–2009, and the growth is expected to continue during the forecast period .

Chapter 6. North America Market Size and Forecast

6.1 By Product

6.2 By Application

6.2.1 Metalworking by Type

6.2.1.1 Metal forming by metal type

6.2.1.2 Metal cutting by metal type

6.2.1.3 Metal joining by type

6.2.2 Textile by Type

6.2.2.1 Textile finishing by type

6.2.3 Energy by Type

6.2.4 Chemical Manufacturing by Type

6.2.5 Food Processing by Type

6.2.5.1 Canned food by type

6.2.6 Hydraulic Machinery by Type

These oils are used as a processing aid or as a raw material in multiple end-use industries, such as chemicals, plastic, and rubber. These lubricants are witnessing huge demand in the Asia-Pacific (APAC) region due to the expanding chemical industry, which is expected to boost the market. Industrial lubricants find wide-ranging applications in industries including metalworking, energy, chemical manufacturing, textile, food processing, hydraulic machinery. Among these, in 2016, the chemical manufacturing industry held the largest (over 20.0% sales volume share) in the industrial lubricants market and would continue dominating it during the forecast period.

Posted in Business, Chemical & Materials, News

Who are the Diesel Exhaust Fluid (AdBlue) driving sellers in a market?

Posted on by Devanshu Shrivastava

The global diesel exhaust fluid market reached $12,191.5 million in 2017, and it is expected to grow at a CAGR of 8.8% in the near future. The fluid has vehicular and non-vehicular application; heavy, medium, and light-duty vehicles, passenger cars, and off-highway vehicles come under the vehicular application. This category accounted for the larger share of the market in 2017, both in terms of volume and value. Non-vehicular application includes diesel-operated irrigation pumps and generators. This category is expected to grow at the faster rate in the coming years, in terms of value and volume.

Market Dynamics

4.3.1 Trends

4.3.1.1 Shifting trend of demand from commercial vehicles to passenger vehicles

4.3.2 Drivers

4.3.2.1 Stringent environmental regulations

4.3.2.2 Rising demand for heavy duty vehicles

4.3.2.3 Focus on sustainable agricultural practices

4.3.3 Restraint

4.3.3.1 Unwillingness to adopt diesel exhaust fluid

4.3.3.2 Impact analysis of restraints on market forecast

4.3.4 Opportunity

4.3.4.1 Emerging nations to offer potential growth opportunities

AdBlue is used in the treatment of harmful nitrogen oxide emission, which is emitted from diesel engines, by breaking down nitrogen oxide (NOx) into nitrogen and water via the selective catalytic reduction (SCR) process. Diesel exhaust fluid is an aqueous solution, which is produced using deionized water and urea (with volume percentages of 67.5% and 32.5%, respectively).

GLOBAL DIESEL EXHAUST FLUID MARKET, BY GEOGRAPHY

North America Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – U.S. and Canada

Europe Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

APAC Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – China, Japan, South Korea, Australia, and Rest of APAC

LATAM Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – Saudi Arabia, U.A.E., South Africa, and Rest of MEA
Posted in Business, Chemical & Materials, News

Alpha Olefins Market Porter Analysis Identifies Competitive Forces Within The Market

Posted on by Devanshu Shrivastava

The key factor responsible for the growth of the alpha olefins market is the rising compound use in the production of polyolefin and specialty chemicals. In 2017, the market generated revenue of $ 11,704.2 million, and was expected to reach a size of $ 15,846.5 million by 2023, progressing at a CAGR of 5.4% during the forecast period (2018-2023). Alpha olefins are a type of olefins or alkenes with a chemical formula C x H2 x . They are distinguished from other mono-olefins based on the linearity of the hydrocarbon chain and the double bond position at the alpha place.

GLOBAL ALPHA OLEFINS MARKET BY GEOGRAPHY

North American Alpha Olefins Market

  • By Type
  • By Application
  • By Country – US and Canada

Europe Alpha Olefins Market

  • By Type
  • By Application
  • By Country – Germany, UK, France, Italy, Russia, and Rest of Europe

APAC Alpha Olefins Market

  • By Type
  • By Application
  • By Country – China, Japan, Singapore, India, and Rest of APAC

LATAM Alpha Olefins Market

  • By Type
  • By Application
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Alpha Olefins Market

  • By Type
  • By Application
  • By Country – UAE, Saudi Arabia, South Africa, and Rest of MEA

On the basis of application, the alpha olefins market is classified into surfactants and intermediates, polyolefin comonomers, plasticizers, synthetic lubricants, petroleum additives, and oilfield chemicals. Among these, during the 2018-2023 period, the polyolefin comonomers classification is anticipated to exhibit the highest CAGR of 5.6% in terms of value in the market. The reason behind the significant growth of the classification is the rising use of polyethylene in various industries, such as cable, automotive, construction, and plastic packaging. Polyolefins are polymers manufactured from olefins, such as propylene, ethylene, and butene.

Posted in Business, Chemical & Materials, News

Injection Molded Plastics Market to Display Healthy Growth During the Forecast Period

Posted on by Devanshu Shrivastava

The growing demand for injection-molded plastics, such as polypropylene and high-density polyethylene (HDPE), in various industries, such as construction, automotive, electronics, and medical, is the key factor driving the growth of the injection molded plastics market. In 2016, the market generated a revenue of $283,546 million, and it is predicted to progress at a CAGR of 6.0% during the forecast period (2017–2025). Injection molding is used for producing a range of parts by melting the plastic granules until they become soft to be able to fill a mold to copy the exact shape.

GLOBAL INJECTION MOLDED PLASTICS MARKET, BY GEOGRAPHY

North America Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – U.S.

Europe Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – Germany, France, and Italy

Asia-Pacific Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – China, India, and Japan

CSA Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – Brazil

MEA Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – Saudi Arabia

Based on application, the injection molded plastics market is broadly categorized into consumables and electronics, packaging, automotive, medical, and building and construction. Out of these, in 2017, the packaging category dominated the market with a revenue contribution of more than 25.0%, and it is expected to continue leading it during the forecast period. This is attributed to the fact that these plastics are widely adopted for packaging beverages, pet foods, and canned processed foods.

Injection Molded Plastics Market Introduction 

4.1 Market Definitions

4.1.1 By Raw Materials

4.1.1.1 Polypropylene

4.1.1.2 ABS

4.1.1.3 HDPE

4.1.1.4 Polystyrene

4.1.1.5 Others

4.1.2 By Application

4.1.2.1 Packaging

4.1.2.2 Consumables & electronics

4.1.2.3 Automotive

4.1.2.4 Building & construction

4.1.2.5 Medical

4.1.2.6 Others

4.2 Injection Molded Plastics Value Chain Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.1.1 Increasing penetration in automotive application

4.3.1.2 Growing construction activities in emerging markets

4.3.1.3 Positive outlook of global packaging industry

4.3.2 Restraints

4.3.2.1 Growing environmental concerns

4.3.2.2 Growing bio-based polymers industry

4.3.3 Opportunities

4.3.3.1 Increasing demand in medical industry

The global automotive sector is experiencing notable growth due to the government support in the form of financial incentives and tax benefits, and low-cost manufacturing, particularly in developing Asian markets, such as Indonesia, China, India, and Thailand. The progress of the automotive industry in such countries is supporting the market for injection-molded plastics. In order to attain fuel efficiency, consumers are now shifting toward lightweight vehicles, which is anticipated to boost the demand for such materials during the forecast period.  

Hence, the surging adoption of lightweight vehicles is fueling the growth of the market.

Posted in Business, Chemical & Materials, News

How is Rising Adoption of Organic Products Driving Aerosol Market?

Posted on by Devanshu Shrivastava

Aerosol is any substance that is packaged under pressure and is then released or dispensed as a fine spray by means of a propellant gas from a container. Apart from personal care products, it is also used in medical products, room fresheners, and paints to contain liquid droplets in a pressurized form. The global aerosol market reached a value of $53,871.6 million in 2017, and it is further expected to grow at a CAGR of 5.8% in the coming years.

GLOBAL AEROSOL MARKET, BY GEOGRAPHY

North America Aerosol Market

  • By Application
  • By Country – U.S., Canada, and Mexico
    • U.S. Aerosol Market
      • By Application
    • Canada Aerosol Market
      • By Application
    • Mexico Aerosol Market
      • By Application

Europe Aerosol Market

  • By Application
  • By Country – Germany, U.K., Spain, and Rest of Europe
    • Germany Aerosol Market
      • By Application
    • U.K. Aerosol Market
      • By Application
    • Spain Aerosol Market
      • By Application
    • Rest of Europe Aerosol Market
      • By Application

Asia-Pacific (APAC) Aerosol Market

  • By Application
  • By Country – China, Japan, India, Australia, and Rest of APAC
    • China Aerosol Market
      • By Application
    • Japan Aerosol Market
      • By Application
    • India Aerosol Market
      • By Application
    • Australia Aerosol Market
      • By Application
    • Rest of APAC Aerosol Market
      • By Application

The several applications of such substances include paints & varnishes, insecticides, automotive, food & beverages, personal care, and household. Out of these, personal care accounted for the largest share of the market in 2017, in terms of both value and volume. Insecticides are predicted to grow at the fastest CAGR in the near future, as aerosol-based insecticides produce less waste than other insecticides. This is because they are metered and developed to deliver a specified amount of poison.

Market Dynamics

4.4.1 Trends

4.4.1.1 Shift in preference of consumers toward organic aerosol products

4.4.2 Drivers

4.4.2.1 Increasing adoption of aerosol products

4.4.2.2 Growing personal care industry

4.4.2.3 Expanding key end use industry

4.4.2.4 Impact analysis of drivers on market forecast

4.4.3 Restraints

4.4.3.1 Rising environmental and human health issues pertaining to aerosol products

4.4.3.2 Impact analysis of restraints on market forecast

4.4.4 Opportunities

4.4.4.1 Increasing demand for packaging products

Due to rapid urbanization, the disposable income of people is also increasing, which is enabling them to spend on luxury items. This is further resulting in the expansion of the personal care industry. The industry is also booming because of the development of advanced and improvised products for women, such as cosmeceutical (topical and pharmaceutical cosmetics).

Posted in Business, Chemical & Materials, News

Which Area is Generating the Highest Demand for Specialty Chemicals?

Posted on by Devanshu Shrivastava

The massive and scary increase in the population across the globe has resulted in the transformation of many sectors. To sustain such a large population, which is contributing substantially to improving the domestic product, in turn, leading to the increase per capita income. The increasing spending power of consumers and industrialization has increased the demand for various products, such as specialty chemicals .

GLOBAL SPECIALTY CHEMICALS MARKET BY GEOGRAPHY

North America Specialty Chemicals Market

  • By Type
  • By Country – US and Canada

Europe Specialty Chemicals Market

  • By Type
  • By Country – Germany, France, Italy, UK, Spain, and Rest of Europe

APAC Specialty Chemicals Market

  • By Type
  • By Country – China, Japan, India, and Rest of APAC

LATAM Specialty Chemicals Market

  • By Type
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Specialty Chemicals Market

  • By Type
  • By Country – Saudi Arabia, South Africa, and Rest of MEA

A P&S Intelligence study reported that compared to $582.3 billion, the specialty chemicals market is expected to garner $782.2 billion in the near future, growing at a 5.1% CAGR. Specialty chemicals are performance chemicals which are used as ingredients in the manufacturing of various industrial and consumer goods.

Market Dynamics

4.3.1 Trends

   4.3.1.1 Shifting of production base to APAC

4.3.2 Drivers

   4.3.2.1 Increasing demand for specialty chemicals in emerging economies

   4.3.2.2 Technological advancement

   4.3.2.3 Increasing penetration of end user industries

   4.3.2.4 Impact analysis of drivers on market forecast

4.3.3 Restraints

   4.3.3.1 Changing regulations related to chemical industry

   4.3.3.2 Fluctuating cost of raw materials

   4.3.3.3 Impact analysis of restraints on market forecast

4.3.4 Opportunities

   4.3.4.1 Development of environment-friendly products

Emerging economies, such as India, Brazil and China, are experiencing a massive boom in their middle-class population and industrialization rates in agriculture, manufacturing, cosmetics, and others. For instance, Asia-Pacific (APAC), the competition in the chemical manufacturing industry, is one of the leading countries in the industry.

Posted in Business, Chemical & Materials, News

Methionine Market Highlights The Competitive Scenario Of The Market, Major Competitors And Benchmarking

Posted on by Devanshu Shrivastava

Presently, Asia-Pacific stands as the largest methionine market, primarily because of the heavy production and consumption of meats in the continent, which is also why the region will continue being the largest market for the chemical. The demand for the product is also predicted to increase the most in APAC due to a further surge in meat production.

GLOBAL METHIONINE MARKET, BY GEOGRAPHY

North America Methionine Market

  • By Form
  • By Type
  • By Application
  • By Country – U.S. and Canada

Europe Methionine Market

  • By Form
  • By Type
  • By Application
  • By Country – Germany, U.K., France, Russia, Italy, and Rest of Europe

APAC Methionine Market

  • By Form
  • By Type
  • By Application
  • By Country – China, India, Japan, South Korea, Singapore, and Rest of APAC

The FAO and OECD had reported in 2016 that pork production would rise significantly in China. Further, beef production would rise by up to 20.0% by 2025 in developing countries, including India and China. All these factors will contribute to the growing usage of methionine in APAC over the coming years.

Raw Material Price Analysis

13.1 Raw Material Price

13.1.1 North America

13.1.2 Europe

13.1.3 APAC

13.2 Domestic Price of Methionine

13.2.1 North America

13.2.2 Europe

13.2.3 APAC

13.2.4 LATAM

13.2.5 MEA

Competitive Landscape

14.1 Market Share Analysis of Key Players

14.2 Competitive Benchmarking of Key Players

14.3 Global Strategic Developments of Key Players

14.3.1 Facility Expansions

14.3.2 Other Developments

However, it is not just the increasing meat production that would raise the demand for the amino acid, but also the expanding pharmaceutical sector. Yes, methionine is being added to numerous drugs produced for human consumption. The chemical helps prevent liver damage in patients with acetaminophen poisoning and treat allergies, depression, alcoholism, asthma, schizophrenia, copper poisoning, radiation side effects, and drug withdrawal, and slowing down Parkinson’s disease. With all such issues becoming more prevalent in people, the usage of drugs is also growing as is the consumption of the amino acid.

Posted in Business, Chemical & Materials, News

Flat Steel Market Provides Information On The Historical & Current Market Size And Future Potential

Posted on by Devanshu Shrivastava

The global market for flat steel is being driven by wide spread industrial application of steel, rapid industrialization in Asia-Pacific and extensive application of steel in the construction industry. The major industrial applications of flat steel include construction, infrastructure, automotive, transportation, energy, industrial machinery, packaging and others. The global flat steel market is being adversely affected by the volatile raw material prices and global economic slowdown; however, the market is expected to grow further due to stabilizing economies of North America and Europe and increasing consumption of flat steel in Asia-Pacific.

The region is expected to witness the fastest growth, during the forecast period, due to rise in demand for flat steel, fast-paced industrialization and increasing infrastructural development. The developing economies of China, India, Taiwan, South Korea and Malaysia are witnessing significant growth in the automotive, oil and gas, transportation, and construction industries, which in turn, is driving the global flat steel market.

Automotive manufactures are focusing on manufacturing of light weight and energy efficient vehicles, which is expected to further support the growth of the European market for flat steel. The North American region is expected to witness steady growth in the global flat steel market, during the forecast period. The South American flat steel market is offering favorable market conditions for the flat steel manufacturers, owing to significant investments in the oil & gas, construction and automotive industries.

On the basis of end-use application, the global flat steel market has been segmented into construction and infrastructure, automotive and transportation, energy, appliances and industrial machinery, packaging, and others. The flat steel market has been capitalizing on the growing construction and infrastructure industry that helps in reducing the maintenance cost of building structure, which in-turn, helps in making construction more economical.

Some of the key players in the global flat steel market include Arcelormittal, Essar Steel, POSCO, Thyssenkrupp AG, Tata Steels Limited, Nippon Steel & Sumitomo Metal Corporation (NSSMC), Hyundai Steel Co., Ltd, United States Steel Corporation, JFE Steel Corporation, China Steel Corporation, GERDAU S.A., SSAB, Steel Authority of India Limited (SAIL) and CITIC Limited.

Posted in Business, Chemical & Materials, News

Biorefinery Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast

Posted on by Devanshu Shrivastava

The global biorefinery market was valued at $432.4 billion in 2014, and it is expected to grow with a CAGR of 14.0% during 2015 – 2020. The factors driving the growth of the global market include government initiatives and increasing pressure for environmental sustainability, need for geopolitical energy security, technological advancements and increasing investment in the biorefinery market, and increasing need for energy independence.

The global biorefinery market is at its nascent form. Currently, there are very few large scale biorefineries, as compared to conventional petroleum-based refineries across the globe. Hence, the massive unexplored biorefinery market across the world is expected to attract more investors and new players to explore the potential of the market. Moreover, the high rate of depletion of fossil fuels is creating demand for sustainable and ecofriendly energy source, thus providing abundant opportunities for the major players in the global market.

Biorefinery facilitate the conversion of different bio-based feedstocks into several useful products, such as energy, chemicals, and materials. The different processes used for the conversion of biomass into energy and other products are thermochemical processes, biochemical processes, chemical processes and mechanical processes.

In 2014, North America held the largest share in the global market. The major reasons behind the growth of the biorefinery market in the region are high demand for energy independence and energy security, stringent environmental regulations, and high investment for the development of biorefineries. Moreover, Asia-Pacific is anticipated to witness the fastest growth with a CAGR of 17.2%, during the forecast period.

Some of the major players operating in the global biorefinery market are Abengoa Bioenergy SA, Neste, Pacific Ethanol Inc., Renewable Energy Group Inc., UOP LLC, and Valero Energy Corporation.

Posted in Business, Chemical & Materials, News

Foam Blowing Agents Market: Report Highlights The Competitive Scenario With Impact Of Drivers And Challenges 2020

Posted on by Devanshu Shrivastava

Polyurethane foam could be rigid or flexible, depending on the specific requirements in different applications. In order to alter or customize the structural properties of polyurethane foam, different types of blowing agents are used. Moreover, the polyurethane foam segment held the largest share among the various applications in the global foam blowing agent market, and it is also expected to retain its dominance during the forecast period. The high demand of foam blowing agents, especially low GWP and zero ODP blowing agents, in the manufacturing of polyurethane foam is predicted in the coming years. Hence, the high demand of blowing agents in the manufacturing of polyurethane foams is anticipated to drive the growth of the global foam blowing agents market during the forecast period.

 Global Foam Blowing Agents Market Size and Forecast (2011 – 2020)

4.1 Global Foam Blowing Agents Market, by Product Type

4.1.1 Global HFCs market, by type

4.1.1.1 HFC-245fa

4.1.1.2 HFC-134a

4.1.1.3 HFC-152a

4.1.1.4 HFC-365mfc

4.1.1.5 Others

4.1.2 Global HCFCs market, by type

4.1.2.1 HCFC-22

4.1.2.2 HCFC-142b

4.1.2.3 HCFC-141b

4.1.2.4 Others

4.1.3 Global HCs market, by type

4.1.3.1 Cyclopentane

4.1.3.2 N-Pentane

4.1.3.3 Isopentane

4.1.3.4 Isobutane

4.1.3.5 Others

4.1.4 Global other foam blowing agents market, by type

4.1.4.1 Methyl formate

4.1.4.2 HFO

4.1.4.3 Inert gases

4.1.4.4 Others

4.2 Global Foam Blowing Agents Market, by Application

4.2.1 Polyurethane foam

4.2.2 Polyolefin foam

4.2.3 Polystyrene foam

4.2.4 Phenolic foam

4.2.5 Others

4.3 Global Foam Blowing Agents Market, by Region

The global foam blowing agents market was valued at 332,690.0 metric tons in 2014, and it is expected to grow with a CAGR of 5.3% during 2015 – 2020. The factors driving the growth of the global market include increasing demand for polymeric foams in construction and automotive industries and high demand for foam blowing agents in the manufacturing of polyurethane foam. Polyurethane foam is the most commonly utilized polymer foam, due to its large base of end-user industries such as automotive, building and construction, electronics, flooring, furnishings, medical devices, and packaging.

In 2014, the Asia-Pacific market held the largest share in the global foam blowing agents market, in terms of value and volume. In terms of volume, Asia-Pacific foam blowing agents market is expected to witness the fastest growth (6.3% CAGR) globally, during 2015 – 2020. The major reasons behind the sustained growth in the region are increasing consumption of foam blowing agents in China and growing base of end-use industries of polymer foams. However, the increasing international pressure of reducing the consumption of HFCs and HCFCs would hinder the growth of the Asia-Pacific foam blowing agents market to some extent.