Bulk & Specialty Chemicals

Escalating Vitamin E consumption to push Cresols Market growth, chemical intermediates to witness highest product demand

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Escalating requirement of vitamin E as an animal feed additive due to high meat consumption will push Cresols Market value over the years to come. Booming animal feed additives sector, which is expected to cross the revenue of USD 22 billion by 2022, will further benefit the industry. As per Global Market Insights, Inc., “Cresols Industry size is anticipated to hit USD 474 million by 2024.” Besides, its extensive applications across dyes, plastics, cosmetics, pesticides, rubber, and pharmaceuticals will boost market trends over the forthcoming years. Elevated demand for the product in electrical & electronics and automotive applications will uplift industry revenue over the span of few years.

Synthetic vitamin E intake, estimated at over 100 kilo tons in 2015, is forecast to grow at a CAGR of 4% over the coming seven years, thereby propelling cresols market outlook. High popularity of nutraceuticals, driven by high consumer awareness pertaining to the benefits of nutritious diet intake will spur cresols market expansion over the coming timeframe.

U.S cresols market share, by application, 2015 – 2024 (USD Million)

U.S cresols market share, by application, 2015 - 2024 (USD Million)

Antioxidants, chemical intermediates, preservatives, and solvents are the key cresols applications. Cresols industry share in chemical intermediates is predicted to grow at a rate of 3.5% over 2016-2024, driven by its use as a chemical intermediate for producing vitamin-E. The thriving chemical sector will further contribute towards the industry expansion over the coming years. Solvents applications, worth USD 35 million in 2015, is forecast to witness a substantial surge, owing to enhanced product application in polymer sectors.

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Ortho-Cresols, Meta-Cresols, and Para-Cresols are the major cresols products. Meta-Cresols industry, which generated more than USD 160 million in 2015, is anticipated to observe an appreciable growth over the years ahead. High demand for vitamin-E, owing to growing acceptance of healthy food habits by consumers will promote the product demand. In addition to this, its growing application as a chemical intermediate for synthetic vitamin E will further boost the revenue.

Para-Cresols market is projected to register significant gains at 3% over the coming timeframe, driven by its enhanced use in transformer oil, pharmaceuticals, rubber, and cosmetics.

Taking into consideration the geographical trends, North America cresols industry revenue is projected to indicate a sharp growth over the coming timeline, having attained a targeted revenue margin of USD 45 million in 2015. Popular use of cresols as chemical intermediates in pharmaceuticals sector and high demand for preservatives across the food packaging sector will further stimulate the industry expansion. U.S is likely to drive the regional growth in terms of revenue.

Asia Pacific cresols market is expected to register a CAGR of 3.5% over 2016-2024, driven by drastically changing lifestyles and food habits of the consumers.

Market players will try to improve their ROI and extend their geographical presence through implementation of key business strategies such as product differentiation, mergers & acquisitions, and high R&D investments. Henan Hongye Technology Chemical Company Limited, Xiamen Hisunny Chemical Company Limited, Atul Limited, VDH Chemtech Private Limited, Lanxess Chemicals Company, Sasol Phenolics, Ardisons Oils & Electricals (P) Limited, Nanjing Datang Chemical Company Limited, SABIC, Rutgers Group, Mitsui Chemicals Incorporation, Asahi Kasei Corporation, and Dakota Gasification Company are the key participants of cresols industry.

Author Name :Dhananjay Punekar

3D Printing Materials Market & 3D Printing Equipment Market: High product demand in consumer electronics sector to spur industry growth

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The fledging 3D printing technology is set to tread a positive path over the coming years. While 3D printing materials market is already witnessing a major upswing, 3D printing equipment market has also observed a colossal surge. The 3D printing technology is finding massive potential in various industries, including defense, automotive, architecture, medical, and aerospace. The shifting interests of the consumers toward products aesthetics and finish will trigger the manufacturers to adopt this technology, thereby, positively influencing the industry dynamics.

U.S. 3D Printing Materials Market Size, By End-User, 2013 – 2024 (USD Million)
U.S. 3D Printing Materials Market Size, By End-User, 2013 - 2024 (USD Million)

 

One of the most differentiating characters of 3D printing is its ability to tailor the objects as per a specific need.  This factor has made 3D printing technology quite popular across sectors such as electronics, automotive, education, aerospace, etc. Increase in desktop and professional 3D printer sales and its use in higher secondary education will be prominent growth indicators for 3D printing equipment market in educational applications. According to Global Market Insights, Inc., “3D printing materials industry will expand at a whopping CAGR of 20% over 2016-2024 and 3D printing equipment market is predicted to record an annual growth rate of 14% over the period of 2016-2024.

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What are the growth prospects of 3D printing materials industry based on products and applications?

Plastics, ceramics, and metals are the three-major product types gaining momentum. In 2015, ceramic 3D printing materials market accounted for over 20% and was worth more than USD 100 million in 2015. End-use applications such as cups, saucers, plates and statues will favor the segment growth. Metal 3D printing materials industry is experiencing greater demand from automotive, defense, aerospace industries due to considerable metal usage in these sectors. This market is anticipated to record a CAGR of 17% over the period of 2016-2024.

Considering the end-use trends of 3D printing materials industry, some key findings are mentioned below:

  • Electronics & consumers led the global 3D printing materials market in 2015. Surge in electronics gadgets, demand for supreme value product feature, and aesthetics will drive this industry in the years to come.
  • Automotive manufacturing application is expected to record a Y-O-Y growth of 4% over 2016-2024. The robust growth is subject to the changing lifestyle, rising disposable income, and growing demand for vehicles with an enhanced aesthetic appearance.

How is 3D printing equipment market emerging, considering product and application segment?

Polyjet, colorjet, selective laser sintering (SLS), stereolithography (SLA), and fuse deposition modeling (FDM) are the product segmentations of the 3D printing equipment industry. Polyjet accounted for a massive 35% of the global market share in 2015. SLS product use in automotive and aerospace industries will also upswing the SLS industry to grow at a rate of 15% over the period of 2016-2024.

3D printing equipment market is on a constant rise, owing to its vital application scope in pharmaceutical and medical industries. These printers are used in fabrication of human tissues and also in the manufacturing of living organs such as liver and heart.

Below mentioned are the regional trends influencing both 3D printing materials and equipment industry:

Asia Pacific 3D printing material & equipment market is predicted to witness heavy gains over the coming years, owing to robust growth of automobile manufacturing in China, Indonesia, India, and Japan. Moreover, rapid technological advancements will also benefit the regional growth.

North America emerged as a leading region for the overall 3D printing materials industry, having had more that 35% global share in 2015. Growth of aerospace industry and increase in sale of automobiles and electronic gadgets will stimulate the regional development. The growth is also favored by increased government funding.

3D printing materials & equipment market players are focused on developing high quality products at low costs. The key participants accumulating significant industry share include Arkema, Optomec Inc, , Solidscape, Stratasys, 3D Systems, EOS GmbH (Electro Optical Systems), Concept Laser, Voxeljet, SLM Solutions, Hoganas and LPW Technology.

Author Name : Ojaswita Kutepatil

Calcium Nitrate Market Outlook: Rising food concerns and declining pure water sources to drive the industry growth over 2016-2024

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Escalating food demand across the globe owing to rapid rise in the population is anticipated to boost Calcium Nitrate Market value over the next few years. As per Global Market Insights, Inc., report, “Calcium Nitrate Market revenue is expected to hit USD 12.6 billion by 2024. “ Booming wastewater treatment chemicals sector will further drive the industry revenue, owing to the ability of the chemical compound to reduce foul odor emissions. For instance, the wastewater treatment sector in Brazil, India, Mexico, and China, which was estimated at USD 3 billion in 2008, hit nearly USD 7 billion in 2015. The growth of the sector can be attributed to the relatively higher rise in wastewater pollutants, owing to a comparatively higher rate of industrialization in these countries. Furthermore, the rapid rate of industrialization across the globe resulting in the decline of pure water sources along with strict government norms related to wastewater pollutants disposal will boost calcium nitrate market size.

U.S Calcium Nitrate Market size, by application, 2013-2024 (USD Million)

U.S Calcium Nitrate Market size, by application, 2013-2024 (USD Million)

The extensive usage of calcium nitrate in fertilizers to enhance the crop production will significantly add to calcium nitrate industry size over the coming timeframe.  Global calcium nitrate market share in fertilizers is anticipated to register an annual growth rate of 4.5% over 2016-2024. Today, the use of calcium nitrate in fertilizers has risen, owing to the high worldwide demand for soybeans, wheat, and corns. For instance, the production of wheat across the globe in 2008 was estimated at nearly 680 million tons and reached up to 720 million tons in 2015.

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Calcium nitrate also finds applications in explosives, molten salts, concrete manufacturing, farming, cold packs, and latex coagulants. Calcium nitrate industry value from the concrete manufacturing sector, which was worth USD 900 million in 2015, is forecast to grow noticeably over the coming years.  High demand for the chemical compounds across the construction sector for enhancing the concrete properties will drive the growth.

Geographical Trends pertaining to Calcium Nitrate Market over 2016-2024 are given below:

  • North America Calcium Nitrate Industry size, which was estimated at USD 1.5 billion in 2015, will exhibit a massive expansion over the coming seven years. High application of chemical compounds in explosives coupled with rising government expenditure on defense activities will significantly contribute toward the business expansion. The U.S. is expected to make substantial contributions toward the regional share.
  • Rising industrialization along with high requirement for increasing the crop production due to tremendous rise in population is expected to complement Asia Pacific calcium nitrate market growth, which is forecast to register an annual growth rate of 5.5 % over 2016-2024. Indonesia, China, and India are anticipated to be the key regional revenue pockets.

Market players will try to increase their profits by employing key business growth strategies such as high R&D investments and strategic mergers & acquisitions. Some of the key players of calcium nitrate market are Vardhaman Fertilizers and Seeds Private Limited, Haifa Group, Agrium Incorporation, Shanxi Jiaocheng Tianlong Chemical Industry Company Limited, Prathista Industries Limited, GFS Chemicals Incorporation, Rural Liquid Fertilizers, Sterling Chemicals Limited, Uralchem Holding PLC, Airedale Chemical, and Yara International ASA.

Author Name :Dhananjay Punekar

Coil Coatings Market: Construction industry to build a profitable roadmap for the industry over 2016-2024

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Coil Coatings Market has established a strong presence with its distribution and sales channels reaching every nook across the globe. A sturdy distribution channel and network ensures two important success factors: good client service and ample availability of the product. The key players of coil coatings industry are widely adopting these practices to hold a firm position and compete with emerging participants. The notable participants such as The Dow Chemical Company, The Valspar Corporation, AkzoNobel N.V., Nippon Paint Co. Ltd., and BASF SE are vertically integrated. This integration allows these players to maximize the product’s value at a competitive cost which will lead to a vigorous competitive scenario in coil coatings industry over the years to come.

U.S Coil Coatings Market size, by end-user, 2013-2024 (USD Million)
U.S Coil Coatings Market size, by end-user, 2013-2024 (USD Million)

Robust growth in the end-use industry of Asia Pacific region will upsurge coil coatings market. The rising product demand particularly in India, China, and Japan is likely to dominate the overall revenue generation of the region. Escalating construction industry and rapid industrialization in this region will be the key driving factors for the growth of coil coatings market. The major industry giants like AkzoNobel, The Valspar Corporation, and PPG Industries, Inc., are putting in extra efforts for development in Asia Pacific region to maximize profits and cope up with rising product demand.

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Coil coatings are extensively used in construction industry as it offers aesthetic finish to metals and provide weather & corrosion resistance. The worldwide coil coatings market is primarily driven by the rapid growth of the non-residential infrastructure (industrial sites, factories, commercial buildings, etc.). China, India, and Indonesia being some of the fastest developing economies across the globe are undergoing rapid industrialization and urbanization. In response to this fact, the rising end-use industries including automotive, construction, and appliances are generating heavy demand for coil coatings. According to Global Market Insights, Inc., “Coil Coatings market is estimated to witness a CAGR of 6% over the period of 2016-2024.” 

Coil coatings market size in the construction sector is anticipated to register an annual growth rate of over 5% in terms of volume over the period of 2016-2024. Rising government spending in the construction industry for improving public infrastructure and facilities will fuel coil coatings market size.

Furthermore, appliances industry requires coil coated metals to improve aesthetic appeal. Growing reach of the appliance industries in remote markets will significantly propel the product demand. For instance, the high purchase power parity and premium range affordability of the population based in the Middle East is generating novel growth prospects for emerging industry players to watch for.

Based on coil coatings products, Polyester coil coatings market is anticipated to grow at a CAGR of 6% over 2016-2024, as it offers excellent corrosion resistance and low-price. Polyvinylidene Fluorides (PVDF) coil coatings is comparatively expensive and offers good aesthetic appeal which will help boost its use in the appliances industries.

Geographically, North America coil coatings market is witnessing a significant boost due to the uprising of non-residential construction industry post-recession. U.S. is the prominent region expanding the business, owing to the increasing demand for automobiles and appliances such as microwave ovens, dishwasher’s, refrigerators, dryers, and freezers across this region.

In 2015, this industry was quite consolidated with top players sharing over 50% of the total consumption. The massive upswing in the demand for coil coatings especially across the end-use industries will provide attractive opportunities for the market players.

Author Name :Ojaswita Kutepatil

Zeolite molecular sieve market to witness heavy growth prospects in emerging economies

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Zeolite Molecular Sieve Market is gaining popularity owing to strict government norms towards curbing the use of phosphates. Zeolite being an eco-friendly alternative to sodium tripolyphosphates is widely used as an ion exchange builder in detergents. Its usage as a substitute for harmful chemicals in various mechanical applications will further influence zeolite molecular sieve industry growth. As per Global Market Insights, Inc., “Zeolite Molecular Sieve Market is estimated to witness a CAGR of 4% over the period of 2016-2023.”  Moreover, the extensive use of the product in waste water treatment, petrochemicals, oil & gas, construction, paints & coating, automotive, and packaging industries will further enhance the industry outlook

Europe Zeolite Molecular Sieve Market size, by application, 2013-2023 (USD Million)
Europe Zeolite Molecular Sieve Market size, by application, 2013-2023 (USD Million)

Zeolite molecule sieve is widely used in two major application segments, namely catalyst and detergent. Growing demand for high-performance catalyst with higher output will boost the industry growth. Catalyst application is projected to grow at an annual rate of 4.5% over the period of 2016-2023. Increasing use of zeolite in chemical manufacturing and petroleum & refinery outputs will propel the industry outlook.

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Detergent application is further segmented into liquid and powdered detergents. Zeolite molecule sieve market size in detergent application is increasing rapidly due to ban on phosphate-based formulations. It is one of the best alternatives, owing to its high chemical stability and liquid absorption capacity during the manufacturing process. Liquid and powdered detergent applications are estimated to register a CAGR of 3% and 2.4% respectively over 2016-2023. Changing consumer preferences and increase in disposable income will be the major factors driving the growth of zeolite molecular sieve industry in the detergent formulations.

Below are the regional trends influencing the global zeolite molecule sieve industry over 2016-2023

  • Brazil zeolite molecular sieve industry will observe a significant growth, owing to rise in wastewater treatment activities in the region.
  • Turkey zeolite molecular sieve market worth over USD 90 million in 2015, will be booming over the coming years because of the compulsion of sewerage & treatment plants in the region by the regulatory bodies.
  • India zeolite molecular sieve industry is expected to register a CAGR of 7% over the period of 2016-2023. Growing surfactants business in India will favor the regional demand over the coming years.
  • China market share is anticipated to witness an average growth rate of 2.5% from 2016-2023. Rising concerns over environmental issues will lead to increasing adoption of the product. China molecular sieves industry from catalyst application is estimated to grow at an annual rate of 6% due to growing detergent and chemical manufacturing facilities in the country.
  • Expansion of LNG in Qatar and increase in export of crude oil, LPG, and petroleum products will set a lucrative business roadmap for zeolite molecular sieve industry. MEA region will be particularly driven by Qatar zeolite molecular sieve market and is projected to register a CAGR over 2% over 2016-2023.
  • S. molecular sieve industry is expected to generate a demand of approximately 260 kilo tons by 2023, owing to increasing detergent and catalyst application.

This industry is spreading roots with the growing presence of local and international participants. Major players in the market include UOP LLC, BASF, Interra global Arkema, Union Showa, Dalian Haixin, Yingkou Zhongbao, Grace Catalysts, and Anhui Mingmei MinChem.

Author Name : Ojaswita Kutepatil 

Europe to majorly drive global sulfosuccinate market growth over 2016-2024

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Sulfosuccinate Market revenue will exhibit a remarkable growth over the period of 2015 to 2024, owing to its increasing demand across pharmaceuticals and personal care industries.  As per Global Market Insights, Inc., “Global sulfosuccinate market was worth over USD 284 million in 2015 and is predicted to grow at a rate of 6% over the coming seven years.”  Cosmetics is one of the foremost industries generating a heavy demand for sulfosuccinates, owing to its excellent hydrating, emulsifying, and dispersing characteristics. The global skin care business with target revenue of USD 150 million by 2024, will build a profitable base for the global sulfosuccinate industry.
Rising consumer awareness pertaining to health and hygiene will further enhance worldwide sulfosuccinate based product demand. Beneficial features associated with these products such as low critical micelle concentration and high biodegradability will drive the sales.  However, the environmental concerns regarding the usage, production, and disposal of these products is likely to hinder the industry growth over the years to come.

U.S, Sulfosuccinate Market size, by application, 2013-2024 (USD million)
U.S, Sulfosuccinate Market size, by application, 2013-2024 (USD million)

In terms of applications, sulfosuccinate market is segmented into Industrial cleaners, pharmaceutical, paints & coatings, farming, dish washing liquids, leather, personal care products, textiles, polymers, printing, and household detergents & cleaners. Pharmaceutical application will exhibit an annual growth rate of more than 5% over the period of 2016 to 2024, owing to the wide usage of sulfosuccinate as emulsifier and lubricant in syrups and tablets respectively.

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Industrial cleaners application worth USD 30 million in 2015, is likely to witness a significant growth over the next few years.  Sulfosuccinate based cleaners are prominently used in food processing plants, transportation vehicle, office buildings, and metal treatment & cleaning.

Geographically, Asia Pacific sulfosuccinate market is projected to register an annual growth rate of 6.5% over the period of 2016 to 2024. The growth can be attributed to the increasing disposable income of the consumers and the expanding pharmaceutical and personal care industries. India and China will contribute majorly towards the APAC industry growth.

Europe led the global landscape and is expected to strongly influence sulfosuccinate industry growth over the coming seven years, owing to the heavy manufacturing of cosmetics and personal care products across this region. UK and France are estimated to be the major revenue pockets.

North America sulfosuccinate market size worth more than USD 55 million in 2015, is forecast to grow considerably over the years to come, primarily driven by increasing investment in the pharmaceutical sector and rise in the number of shale gas exploration activities carried out across the region. U.S. will be the major regional revenue contributor.

The market is highly competitive with industry giants having a strong presence in the business space. Mergers & acquisitions, strategic partnerships, and regional & capacity expansion will be the major growth strategies of the players over the years to come. Key market participants include Stepan Company, Huntsman Corporation, MFG Chemical, Inc., and The Dow Chemical Company.

Author Name : Sunil Hebbalkar 

Expanding automotive sector to augment EPDM market growth over 2016-2024

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Rising investment in the automotive sector along with a surge in demand for luxury cars will stimulate Ethylene Propylene Diene Monomer (EPDM) Market over the coming seven years. According to Global Market Insights, Inc., “Global ethylene propylene diene monomer (EPDM) market value worth USD 2.68 billion in 2015, will register an annual growth rate of more than 5% over the period of 2016-2024.”

The rise in the number of the construction and renovation activities across the globe will drive the industry size. Furthermore, rapidly expanding TPO sector  is projected to favorably impact EPDM market trends over the years to come.Automotive, construction, plastics, lubricant additives, and electrical & electronics are the primary application areas of EPDM industry. Electrical & electronics application worth USD 140 million in 2015, is anticipated to record a significant growth over the coming seven years, owing to the desirable mechanical and thermal properties of EPDM. Construction application will exhibit an annual growth rate of more than 5%, mainly driven by surging product demand across civil structures along with its ability to resist cold, air pollution, heat, and sunlight. In addition, the prominent use of EPDM for roofing will also influence the ethylene propylene diene monomer industry size noticeably.

U.S. EPDM Market size, by application, 2013-2024 (USD Million)

U.S. EDPM Market size, by application, 2013-2024 (USD Million)

Automotive sector accounted for more than 40% of worldwide EPDM market share in 2015 and is projected to register a notable growth rate over the coming timeframe. The growth can be attributed to the increasing manufacturing of automotive parts such as door seals, rear lamp gaskets, tire sidewalls, belt drives, braking systems, inner tire tubes, tire sidewalls, hoses, interior panels of the car and front & rear bumpers.

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Considering the regional landscape, Asia Pacific ethylene propylene diene monomer market will exhibit an annual growth rate of more than 6% over the period of 2016 to 2024. The escalating expenditure on infrastructure development to fulfill the mounting need of the exponentially growing population will augment the industry growth. India and China will be the major revenue contributors of the region. Additionally, rapidly expanding automotive sector across Indonesia will also positively influence APAC EPDM market size.

North America EPDM industry worth USD 600 million in 2015, will register a considerable growth over the coming years. Surging renovation activities in the commercial and residential infrastructure will also fuel the demand for EPDM.  U.S. EPDM industry is projected to surpass a revenue of USD 940 million by 2024.

Europe ethylene propylene diene monomer (EPDM) market is predicted to record significant gains over the coming timeframe. The increasing demand for EPDM across the construction sector will stimulate the UK EPDM industry trends, which is predicted to exhibit a CAGR of more than 4% over the coming years of 2016 to 2024.

Key industry players include ExxonMobil Chemical, PetroChina Company Limited, Mitsui Chemicals Inc., VERSALIS SPA, and SK Global Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Carlisle Companies Inc., John Manville Inc., OAO Nizhnekamskneftekhim, DOW Elastomers, Lion Copolymer, LLC, Kumho Polychem Co. Ltd., JSR Corporation, and Lanxess AG.

Author NameSunil Hebbalkar