Bulk & Specialty Chemicals
Escalating Vitamin E consumption to push Cresols Market growth, chemical intermediates to witness highest product demand
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)
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
Calcium Nitrate Market Outlook: Rising food concerns and declining pure water sources to drive the industry growth over 2016-2024
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)
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
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)
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
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)
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
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)
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 Name : Sunil Hebbalkar