Bulk & Specialty Chemicals

APAC Glyphosate Market to generate lucrative gains by 2024, India and China to be the major revenue contributors

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The world has been finding alternative ways to cope up with the ever-rising demand for food. Subject to this factor, Glyphosate Market is forecast to witness the rise of potential growth avenues over the next seven years. The necessity to increase the crop yield and quality coupled with the awareness among the farmers regarding the enhancement of plant growth is likely to fuel glyphosate market share. Glyphosate, containing isopropyl amine, is essentially a crop desiccant and an organophosphate herbicide that is used by farmers and landowners to produce genetically modified crops such as sorghum, maize, tea plantations, soybean, wheat, sunflower, and cotton. It is also used to control the growth of numerous crops in forests, gardens, public spaces, fields, and farmlands, thereby fueling glyphosate market.

India Glyphosate Market size, by application, 2013-2024 (USD Million)
India Glyphosate Market size, by application, 2013-2024 (USD Million)

Glyphosate industry size was more than 850 kilo tons in 2015 and is slated to grow at a CAGR of 5.3% by 2024. Most players operating in this market have been striving to improve the quality of the product to enhance plant growth without negatively affecting the plant. Key participants operating in this industry include Monsanto Company, DuPont, BASF, Nantong Jiangshan Agrochemical & Chemicals, Syngenta, Nufarm Limited, Dow AgroSciences LLC, Bayer CropScience, and SinoHarvest Corporation. This market is characterized by frequent mergers and acquisitions to improve productivity and enhance business growth.

Glyphosate finds applications in conventional crops and genetically modified (GM) crops. Conventional crops held more than 55% of glyphosate market in 2015, primarily due to the absence of advanced farming techniques. Glyphosate market size from conventional crops is anticipated to grow significantly over the years ahead, subject to the chemical’s usage in the production of wheat, sorghum, and rice. It is sprayed on the field a week before sowing the seeds.

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Pertaining to the fact that India is one of those countries that still lacks advanced farming techniques, India glyphosate market size from conventional crops will be USD 273.3 million by 2024 with a CAGR estimation of 7% over 2016-2024, having had a valuation of USD 123 million in 2015. India glyphosate market share from conventional crops is slated to exceed 75 kilo tons by 2024, with an initial value of 35 kilo tons.

Glyphosate industry from genetically engineered crops is poised to observe a remarkable growth subject to the rising awareness among consumers. Technological advancements will also help enhance this application segment. High demand from cattle feed and increased global food consumption will drive glyphosate market from genetically engineered crops, slated to grow at a rate of 6% over 2016-2024. In addition, these crops are touted to be less harmful that conventional herbicides, which will further fuel product demand, especially across the developed Euro zone.

Europe held more than 15% of global glyphosate industry in 2015 and will grow moderately over the next few years, subject to strict government regulations regarding the applications of agrochemicals. Due to technological innovations and increased cultivable land, Russia glyphosate market will grow at a rate of 2.5% over 2016-2024.

The Asia Pacific belt has a vast amount of cultivable land and natural resources owing to which APAC held more than 35% of the global glyphosate industry share in 2015. China is solely responsible for more than 25% of the global soy consumption. India and China accounted for more than 25% of worldwide cereal consumption in 2015. Thus, with China and India as prime revenue contributors, Asia Pacific glyphosate market will generate remarkable revenue by 2024.

U.S. glyphosate industry size from genetically modified crops was more than USD 450 million in 2015 and is anticipated to grow lucratively over 2016-2024. This growth can be attributed to the rising awareness regarding the usage of agrochemicals and the wide preference for GM crops.

Global glyphosate market share is quite consolidated, with four of the key players holding more than 50% of the overall share. Monsanto Company, for the longest time, has been the leading glyphosate market player owing to the fact that the company adopted glyphosate tolerant crops rather early. In addition, the launch of the renowned Roundup herbicide has also catapulted the company to the dominant position. Other companies have also been following suit, thereby propelling global industry share.

Author Name :Saipriya Iyer

Asia Pacific chitosan market to witness lucrative gains over 2016-2024, high demand from cosmetic applications to drive the industry growth

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The growing need to obtain fresh water subject to the huge influx of waste water from industries will drive chitosan market over 2016-2024. Many government and private organizations are investing heavily in waste water treatment due to ecological concerns, which will help expand chitosan market. The standard of living and food habits of the current generation is undergoing a rapid change. Additionally, the growing consciousness of people regarding health issues will also stimulate the industry trends. As per a report by Global Market Insights, Inc., “Worldwide Chitosan Market having had a revenue collection of USD 1.52 billion in 2015, will register a CAGR of more than USD 16% over the period of 2016 to 2024.

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

Chitosan is widely used in manufacturing cosmetics. Chitosan market size from cosmetic applications was worth USD 500 million in 2015 and will record considerable growth rate over the coming timeframe. The growing usage of the product in anti-aging creams, hair care serums, and other beauty products will stimulate chitosan industry noticeably.

Asia Pacific chitosan market will exhibit a CAGR of about 18% over the period of 2016 to 2024, driven by the surging requirement of clean water subject to the growing industrialization across this region. Considering the manufacturing and consumption rate of the product, Japan leads the APAC region. China will also contribute significantly toward the regional growth of chitosan industry share. Water treatment application generated a revenue of USD 300 million in 2015 and will collect substantial revenue over the years ahead. The product has the capability to remove chemicals such as phenol and polychlorinated biphenyl that contaminate water. In addition, the product is extensively used in waste water treatment plants owing to its the non-toxic nature and biodegradability.

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Chitosan products have high anti-microbial resistance capability, which fuel the demand for this polymer to be used in the manufacturing of wound dressing medicines. Due to wound healing capabilities, the product is also used to manufacture bandages. Subject to the aforementioned factors, chitosan market from biomedicine and pharmaceutical applications will record a CAGR of more than 17% over the coming years of 2016 to 2024.

U.S. chitosan market contributed to a substantial share of North America industry in 2015 with a revenue collection of USD 400 million. The growth can be attributed to the escalating need of the product for health problems such as obesity. Obesity is the main cause of many ailments such as diabetics, blood pressure, and cardiac diseases. Chitosan based products are mainly used to reduce weight, which will augment chitosan market share. Additionally, increased expenditure on dietary supplements will help fuel the industry share notably.

Changing food habits are also the main cause of obesity and related health ailments. Recognizing the need for healthy nutrition, chitosan market from food & beverages applications will register a CAGR of more than 16% over the coming years of 2016 to 2024.

Market players are investing heavily to develop enhanced techniques that will help reduce overall manufacturing cost of the product. The noteworthy participants in chitosan market are Golden-Shell Pharmaceutical Co., Biothera Pharmaceuticals, Inc., FMC Health and Nutrition, PT Biotech Surindo, Xianju Tengwang Chitosan Factory, GTC Bio Corp., Panvo Organics Pvt Ltd., and KitoZyme S.A.

Author Name :Sunil Hebbalkar

Tire Cord and Tire Fabrics Market to accumulate maximum share via automotive applications over 2016-2024, Asia Pacific to drive the regional growth

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Tire Cord and Tire Fabrics Market revenue is expected to experience a significant upsurge over the coming years, augmented by mergers & acquisitions, joint ventures, and product innovations. Recently, Indorama Ventures, a petrochemical producing firm based in Thailand, has decided to acquire Glanzstoff, a leading European manufacturer of tire raw materials as well as its supplier to key tire manufacturing firms in Europe.  Glazstoff collects a revenue of nearly USD 190 million annually and is ranked second in rayon tire cords production across the globe. By acquiring Glanzstoff, Indorama aims to enhance its nylon & polyester fiber production for high performing lightweight tires, most popularly used in self-driving automobiles and electric cars. It is predicted that the worldwide demand for high performing lightweight tires across luxury, self-driving, and electric cars sectors will grow at an annual rate of 4 % to 7% over the coming five years, thereby generating lucrative growth opportunities for tire cord and tire fabrics industry.

U.S Tire Cord And Tire Fabrics Market size, by product, 2013-2024 (USD Million)
U.S Tire Cord And Tire Fabrics Market size, by product, 2013-2024 (USD Million)

The thriving automotive sector is forecast to make notable contributions towards tire cord and tire fabrics industry size over the years ahead, driven by the growing use of the product in vehicle production. South Korea, Japan, China, U.S., and India, which accounted for over 50% of the total vehicle production in 2015, are expected to contribute significantly towards the global demand for vehicles over the next few years. According to Global Market Insights, Inc., “Tire cord and tire fabrics industry value, estimated at USD 3.85 billion in 2015, is slated to hit USD 6.4 billion by 2024.

Taking into consideration the regional trends, tire cord and tire fabrics industry in Asia Pacific is expected to grow considerably over the coming timeframe, driven by high vehicle sales in India and China. This can be credited to the rise in disposable incomes of consumers as well as an increase in the population of middle income groups. Key car manufacturing firms such as Audi, Nissan, Mercedes Benz, BMW, and Volkswagen are also establishing their production bases across the region, which is going to positively impact the business scenario.

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North America tire cord and tire fabrics market value, worth USD 800 million in 2015, is predicted to witness a high surge over the coming seven years. Escalated consumer demand for SUVs and luxury vehicles is expected to push tire cord and tire fabrics industry revenue in the region. The U.S., which contributes over 65% of the automobile sales in North America, is likely to stimulate the regional demand. The sale of commercial and personal vehicles in the U.S. is projected to cross 12 million and 10 million units by 2024, thereby adding towards business expansion of tire cord and tire fabrics industry.

Rayon cord, steel cord, nylon dipped cord, and polyester are the major products of tire cord and tire fabrics market. Polyester tire cord and tire fabrics industry is projected to grow at a rate of 5% over the duration of 2016 to 2024, subject to enhanced product utilization in passenger car tires due to its low price and favorable physical characteristics.

Steel tire cord and tire fabrics market, worth USD 1 billion in 2015, is projected to observe the notable expansion over the coming seven years. The growth can be credited to a high inclination towards the use of radial tires across regions such as North America along with mushrooming product application in the production of commercial vehicles.

In 2015, the worldwide tire cord and tire fabrics industry was highly consolidated with only few leading players dominating the market share. Hyosung Corporation, Kolon Industries Incorporation, Firestone Fibers & Textile Company, SRF Limited, Bekaert, Kordsa Global Incorporation, Kordarna A.S., CORDENKA GmbH & Co. KG, Teijin Limited, Tokusen USA Incorporation, and Milliken & Company are the key participants of tire cord and tire fabrics industry.

Author Name :Dhananjay Punekar

Europe Silica Flour Market to witness massive gains via fiberglass applications over 2016-2024, Germany to be the key revenue contributor

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Emerging economies across the world are witnessing a slew of construction projects in residential & commercial sectors. Silica Flour Market is projected to experience a significant upswing subject to this very factor. Silica flour is basically obtained by grinding quartz sand that contains high silicon dioxide content, in vibration mills. The ground material comprises very small particles, which is obtained through air separators driven by strong rotors. Silica flour industry is anticipated to witness a y-o-y growth of 7% over 2016-2024, owing to the usage of this product in glass and flouring applications. A report by Global Market Insights, Inc., states that silica flour market size, having had a valuation of USD 350 million in 2015, is expected to cross a revenue of USD 650 million by 2024, primarily augmented by the rising demand for high quality and durable glass across the thriving construction sector.

Europe Silica Flour Market Size, By Application, 2013-2024 (USD Million)

Europe Silica Flour Market Size, By Application, 2013-2024 (USD Million)

Silica flour is used to manufacture sodium silicate that is used as a chemical, catalyst base, binder, detergent, zeolite, deflocculate, anticorrosive, adhesive, coagulant aid, and cement, subject to its highly beneficial chemical and physical properties and reasonable cost. Silica flour industry from sodium silicate applications is set to observe a CAGR of 6% over 2016-2024, owing to its extensive usage across myriad industrial sectors.

Of late, automotive companies such as Mercedes-Benz, Volkswagen AG, BMW AG, Audi AG, and Porsche AG are venturing into construction and infrastructural development. This has paved the way for a heavy consumption of sodium silicate, which will further augment silica market share from sodium silicate.

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The aforementioned companies have a strong base in Germany, the automotive center of the world, owing to which Germany silica flour industry will earn a remarkable revenue over 2016-2024. The increasing usage of sodium silicate in construction projects will also spur Europe silica flour market, with Germany being a key regional contributor. These companies are pioneers of novel technologies, and have recently begun to implement fiberglass in their automobiles, as it prevents external factors from affecting the comfort factor of the vehicles, thereby spurring silica flour industry from fiberglass applications.

Fiberglass possesses high insulation properties, subject to which it is used in construction and renovation activities. It also reduces the heat exchange from the building interiors to the external surroundings and maintains overall building temperature, thereby complying with building norms laid out by the government. Owing to this factor, fiberglass applications had contributed to more than 25% of the overall silica flour market in 2015 and is anticipated to grow significantly over the coming years.

The rapidly growing construction sector in APAC region will lead to the growth of silica flour industry in the region. China and India are the leading contributors toward APAC silica flour market, given that the construction and automotive sectors of these countries are witnessing an upsurge.

Prominent usage of carbon black and amorphous silica in the rubber industry as reinforcing fillers will stimulate silica flour market. The product helps increase the shelf life of tires, reduce GHG emissions, and maintain temperature within the vehicle, owing to which it is deployed heavily in the automotive sector. North America silica flour industry will also witness an upswing subject to the product usage in the developing tire manufacturing sector. The extensive usage of silica flour in myriad industrial sectors will also propel U.S. silica flour market, which in turn will positively influence North America regional industry.

Leading silica flour market players include Premier Silica LLC, Silica Holdings, Inc., Saudi Emirates Pulverization Industries Co., Opta Minerals, Inc. Premier Silica LLC, AGSCO Corp, FINETON Industrial Minerals Ltd., Delmon Group of Co., Adwan Chemical Industries Co., Ltd., SCR-Sibelco N.V., and SIL Industrial Minerals, Inc. The United States houses most of these participants, owing to which U.S. silica flour industry will progress rapidly.

Constant exposure to silica flour may cause harm, owing to which global regulatory organizations have mandated stringent norms regarding its usage. Industry players need to be aware of this issue and implement safety procedures at worksites to avoid workplace hazards and fatalities due to excessive product usage.

Author Name :Saipriya Iyer

Asia Pacific Kaolin Market to record highest growth rate in the coming years, booming construction sector to drive the regional industry share

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Progress in the constructional sector on account of the rapid industrialization in emerging nations is allowing a remarkable expansion of Kaolin Market. Some of the value-added characteristics of kaolin such as opacity, non-abrasive texture, chemical inertness, make it the most preferred choice for a widespread spectrum of industrial applications such as ceramic, paper, finger glass, and rubber. Growing consumer focus on superior aesthetics result in increasing demand for ceramic tiles, which in a way is providing lucrative business opportunities to kaolin industry. Furthermore, as the mineral improves reinforcement properties and durability of the base material, the market demand is huge from paper packaging sector. As per a report by Global Market Insights, Inc., “Global kaolin market having held USD 4.5 billion in 2015, is projected to exceed a revenue of USD 6.5 billion by 2024, with a projected CAGR of 4% over 2016-2024.”

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

Geographically, growth of Asia Pacific kaolin market is forecast to outpace the global landscape, with the highest annual growth rate of 4.5% over the period of 2016-2024. Driven by China, Japan, and India, the regional market dominated the overall share in 2015. Promising constructional industry growth in this region is acting as a major growth enhancer for the market.

Additionally, growing automotive manufacturing base and increasing sales in Malaysia, China, Indonesia is leaving an influential impact on the dynamics of kaolin industry.Paper applications accounted for a major chunk of the overall industry share in 2015. Increasing product demand for paper filling and coating to improve the brightness, gloss, smoothness opacity of the texture, is complementing the industry growth. Kaolin market share from paper sector is projected to experience an upswing in its growth chart with an estimated CAGR of 3.5% over 2016-2024.

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Ceramic applications also consume a considerable portion of kaolin industry and is slated to record maximum growth at an annual rate of more than 4.5% in the coming six years. Gain in the overall market can be supported by the rising demand for ceramic tiles in construction industry for flooring and wall applications. For instance, global ceramic tiles industry is estimated to grow significantly at a CAGR of 9% over 2015-2024. This lucrative growth path is expected to provide tremendous business space to kaolin market. Furthermore, growing scope of application in non-conventional sectors as well such as rubber, pharmaceuticals, and plastic manufacturing will allow further penetration of kaolin market, by opening new business opportunities.

Considering the market coverage, North America driven by U.S. has a strong hold over the global industry. In 2015, it covered almost 20% of overall kaolin industry share. Growing economy of U.S has played a pivotal role in positively influencing the construction industry. In addition to this, a change in residential renovation trends have resulted in an increasing demand for ceramic tiles, which in a way is equally leaving an impact on the regional kaolin industry growth.

Prominent players of the market are involved in strategic mergers and acquisitions in order to sustain in the competitive market. In 2015, global kaolin market was highly concentrated with top five companies covering 40% of the overall market. Some of the key players of the market include Imerys SA, Daleco Resources, BASF SE, Kaolin AD, I-Minerals Inc., and LB Minerals Ltd.

Author Name :Satarupa De

Asia Pacific to augment Paraformaldehyde Market growth over 2016-2024, high demand from agrochemical application to stimulate the regional share

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Subject to the varied uses of paraformaldehyde across the cosmetic, agricultural, and pharmaceutical sectors, Paraformaldehyde Market will grow exponentially over the next few years. Additionally, this chemical is used in the manufacture of fertilizers, fluorescent lights, and cleaning products, and also in the photography & printing sector, which will suitably impel the business expansion. As per the report by Global Market Insights, Inc., “Worldwide paraformaldehyde market was worth USD 493.2 million in 2015 and will generate a revenue of USD 800 million by 2024, with a CAGR projection of more than 6% over the coming years of 2016 to 2024.”

U.S. Paraformaldehyde Market Size, By Application, 2013-2024 (USD Million)
U.S. Paraformaldehyde Market Size, By Application, 2013-2024 (USD Million)

Agrochemical applications covered more than 40% of the revenue share in paraformaldehyde industry and will register an annual growth rate of more than 6% over the period of 2016 to 2024. The attributing factor toward the growth of this market is the shifting trends to increase crop-yield for fulfilling the globally escalating demand for food. Agrochemicals are in high demand across the U.S., owing to the significant consumption of the product in the farming sector, subject to which U.S. paraformaldehyde market will grow considerably. With U.S. at the helm, North America paraformaldehyde market will grow lucratively over the years ahead, having collected a revenue of USD 85.4 million in 2015. Growing infrastructure development across this region will augment the industry growth, in addition to the development of the pharmaceutical.

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This product can be used widely as a fixative and disinfectant, owing to which it is used extensively in the medical as well as pharmaceutical sectors. As per the study, pharmaceutical industry will collect a revenue of USD 1.5 trillion by 2024, growing at an annual rate of more than 4% over the coming timeframe. The surging population along with growing spending capability of consumers will fuel paraformaldehyde market. In 2015, medical applications consumed 26.19 kilo-tons volume of the product and will continue to contribute significantly to overall paraformaldehyde market.

The automotive sector is on the verge of consistent expansion across the continent of Europe. Paraformaldehyde based resins are prominently used in vehicle manufacturing for the various components such as molding, bearing, and adhesives, subject to which paraformaldehyde market in Europe will rise considerably. Resins accounted for more than 40% of revenue share in application segment of paraformaldehyde market in 2015 and will record a CAGR of about 5% over the coming years of 2016 to 2024. Owing to the properties such as corrosion and chemical resistance, the product is extensively across the aerospace, automotive, rubber, paper, and paints & coatings sectors.

Asia Pacific paraformaldehyde industry covered over 55% global market share in 2015 and will exhibit considerable annual growth rate over the coming seven years. Growing spending on construction activities across the emerging countries of this region will propel the requirement of the product. As per the study, India invested USD 420 billion in infrastructure development in 2015 and in the same year, China spent USD 1.75 trillion on construction projects.

The noteworthy players in paraformaldehyde market are Zibo Qingxin Chemicals Factory, Pure Chemistry Scientific, Inc., Tianjin Yuanlong Chemical Industry Co, Ltd., Asia Chemical Corporation, Oswal Udhyog, Linyi Ruifeng Machinery Co., Ltd, Stormmax ASSP Ltd., Changzhou Koye Chemical Co Ltd., Caldic, Interatlas Chemical Inc., Nantong Jiangtian Chemical Co Ltd., Ekta International, GFS Chemicals, Jinan Xiangrui Chemical Co., Ltd., Alfa Aesar, Hebei Yuhang Chemical Industry Co, Ltd., and Alpha Chemika.

Author Name :Sunil Hebbalkar

Industrial Safety Gloves Market to earn lucrative gains via automotive applications over 2016-2023, APAC to be a major revenue pocket

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Industrial Safety Gloves Market is slated to witness a tremendous expansion, subject to the regulatory compliance regarding worker safety and health in hazardous working environments. With a rapid surge of industrialization, professional sectors such as manufacturing, automotive, and semiconductors have been adopting advanced machinery, many of which are likely to cause harm while operations. To combat these dangers at the worksite, the government has mandated norms to use safety wearables, which will stimulate industrial safety gloves market. In 1990, the ASTM (American Society for Testing and Materials) and NFPA (National Fire Protection Association had already introduced regulation regarding worker’s safety and health. Similar other organizations have been following the trend, which will augment the business expansion. According to Global Market Insights, Inc., “Industrial safety gloves market generated a revenue of USD 4 billion in 2015, and is projected to exhibit a CAGR of 6.5% over the period of 2016 to 2023.”

 U.S. Industrial Safety Gloves Market size, by material, 2012-2023 (USD Million)
U.S. Industrial Safety Gloves Market size, by material, 2012-2023 (USD Million)

Industrial safety gloves find applications across the chemical, automotive, machinery, construction, metal fabrication, food processing, healthcare, aviation, semiconductor, medical devices, flat panels, pharmaceutical, and oil & gas sectors. Semiconductor application segment collected a revenue of USD 320 million in 2015 and will register considerable growth rate over the years ahead, subject to the product’s usage to prevent fingerprints and surface contamination.

Reusables and disposables are the main products of industrial safety gloves industry. Reusable products are further divided into dipped, supported knitted, and knitted products, Industrial safety gloves industry size from supported knitted products was worth more than USD 1.2 billion in 2015 and will exhibit significant revenue over the coming timeframe. This product is extensively used across the construction, automotive, warehousing, general purpose, and timber handling sectors.

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Industrial safety gloves market size from automotive applications is slated to record an annual growth rate of more than 7% over the period of 2016 to 2023, driven by the product’s requirement for repair and maintenance activities. Additionally, escalating expansion of automobile sector across various countries such as India, China, Germany, and UK will fuel the market trends. Europe industrial safety gloves market is slated to grow at an annual growth rate of more than 5.5% over the period of 2016 to 2023. Implementation of stringent worker safety norms across this region will propel the regional industry share. Germany, France, and UK will contribute significantly toward the Europe industrial safety gloves industry growth.

Cut gloves, a sub-segment of disposable products, will register an annual growth rate of more than 6.5% over the coming years of 2016 to 2023, owing to the prominent use of the product to protect arms and hands in hazardous work environments. They are also used to protect workers from cuts and abrasions in the shipping, construction, metal, and glass industries, which will boost industrial safety gloves industry size noticeably.

Considering the geographical landscape, Asia Pacific industrial safety gloves industry will record considerable CAGR over the coming six years. Japan, China, India, and South Korea will be the major revenue contributors.

U.S. industrial safety gloves market share, having had a revenue of USD 980 million in 2015, will collect noticeable revenue over the years ahead. The growth can be attributed to the surging investment in construction activities, growing industrialization, adoption of safety norms, and increasing awareness regarding hygiene and safety.

The notable participants in industrial safety gloves market are Top Glove, Supermax Corporation, Ansell, Kossan, Hartalega, MCR Safety, Latexx Partners Berhad, Rubberex Corporation, RFB Latex Ltd, Honeywell, Acme Safety, and Towa Corporation.

Author Name :Sunil Hebbalkar