Bulk & Specialty Chemicals

Defoamers market outlook: Heavy demand across pulp & paper sector to influence the industry growth over 2016-2024

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Defoamers market is expected to display a remarkable growth over the next few years, driven by its wide applications across pulp & paper, water treatment, food & beverages, and paints & coating sectors. Global pulp & paper sector, whose revenue was estimated at over USD 550 billion in 2015, is projected to observe a high growth over the next few years. As per Global Market Insights, Inc., reports “Defoamers industry size is forecast to reach a revenue margin of USD 4.3 billion by 2024.” In addition to this, wastewater treatment chemicals market size, which is escalating rapidly is also a chief growth factor for the defoamers industry share. Food sector, where application of defoamers is gaining high popularity, owing to its use as an additive to prevent formation of foam in ready-to-eat foods will not only drive the defoamers industry, but will also supplement the food additives market growth significantly.

Major products in the defoamers business space are classified as oil-based, water-based, and silicone-based products. Water-based defoamers market is likely to witness a rapid growth over the coming timeframe, having attained a revenue of over USD 550 million in 2015.  The growth can be attributed to the high environmental benefits provided by the product. High product demand across pulp & paper sector is expected to boost silicone-based defoamers industry growth over the coming seven years.

U.S. Defoamers Market size, by application, 2015 & 2024 (USD Million)

Pulp & Paper is a major application area, predicted to create lucrative growth opportunities for defoamers market over the next few years. As per the research study, pulp & paper application is likely to witness a significant surge over the period of 2016-2024, driven by the rising demand across end-user sectors such as stationery and packaging. Water treatment sector, which is estimated to grow at a rate of 4.5% over the period of 2016-2024, will drive defoamers industry growth in the near future. Rising concerns over the pollution of environment and water bodies are expected to encourage the growth.

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Below are the regional highlights pertaining to the defoamers industry over 2016-2024

  • Asia Pacific defoamers industry, which accounted for 35% of the overall revenue in 2015, is anticipated to witness the fastest growth over coming timeframe. Rapidly expanding agrochemicals and pulp & paper sectors are expected to drive the regional growth. Malaysia, China, Indonesia, and India are expected to be the key regional revenue contributors
  • North America defoamers market size is expected to witness a moderate growth over the coming seven years, surpassing USD 800 million by 2024
  • Europe defoamers market value estimated at USD 650 million in 2015, is expected to experience lucrative growth over the next few years, driven by emerging packaging sector in the region

Key industry participants include Evonik Industries, Bluestar Silicones, Wacker Chemie AG, Dow Corning Corporation, Ashland Incorporation, Air Products & Chemicals Incorporation, Clariant, and BASF SE.

Author NameDhananjay Punekar

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Hydrogen peroxide market outlook: Escalating paper and pulp industry to stimulate the market growth: Trends & Forecast-2024

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Hydrogen Peroxide Market will exhibit an upward trend over the coming years, with the urge to maintain the environment sustainability and the rising pressure to minimize plastic wastes globally. Increasing awareness for eco-friendly packing process and recycled paper will stimulate the hydrogen peroxide market outlook notably. The packaging industry is focusing towards flexible packaging material than plastics to cater to the growing demand. Moreover, consumption of paper across the globe influencing the global paper & pulp industry has been a strong driving factor for the growth of the hydrogen peroxide market. According to Global Market Insights, Inc. “Hydrogen Peroxide Market size is estimated to witness a CAGR of 5% over the period of 2016-2024.”

Increasing adoption of (HPPO) hydrogen peroxide propylene oxide process will further fuel the demand for its key raw material i.e. hydrogen peroxide in the coming years. Companies such as Dow Chemicals, BASF SE, and Solvay have collaborated to use the HPPO technology. Furthermore, the use of electronic grade hydrogen peroxide in etching of semiconductors boards will have a dynamic impact on the hydrogen peroxide industry revenue trends. Companies such as Evonik and Solvay have commercialized the electronics grade variants and are investing intensively in the research and development.

U.S Hydrogen Peroxide Market size, by end-user, 2015 & 2024 (USD Million)
 U.S Hydrogen Peroxide Market size, by end-user, 2015 & 2024 (USD Million)

Asia Pacific dominated with 50% of the global hydrogen market in 2015 with a revenue of over USD 2,000 million and is predicted to substantially acquire the market share in the coming timeframe. APAC hydrogen peroxide market growth, lead by China will exhibit a 6% CAGR over 2016-2024, driven by indulgent government norms and cheap workforce.

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Based on end-use, hydrogen peroxide industry finds extensive application across Paper & Pulp, Waste Water Treatment, Chemical, and Mining. Hydrogen peroxide market size in chemical sector is projected to surpass a revenue of USD 2,000 million by 2024. This sector will observe escalating gains over the coming years, owing to HPPO process and increase in usage of propylene oxide in commercial products like synthetic emollients, flame retardants, drilling chemicals for oil fields etc.

Paper and pulp industry, dominating the global market share by 40% in 2015, is expected to record a CAGR of 5% over the period of 2016-2024, owing to its increasing demand for stationery and recycled paper. This lucrative sector may consume hydrogen peroxide worth USD 2500 million in the coming seven years.

Another sector witnessing heavy gains in the hydrogen peroxide industry is the waste water treatment industry. This industry will observe escalating growth at a rate of 5.5% over the period of 2016-2024. Government regulations for waste water treatments in industry and environmental protection are the attributing factors for the industry growth.

North America and Europe hydrogen peroxide market report are expected to cross USD 1,000 million by 2024. However, strict regulations by REACH, EPA, FDA and OSHA will shift the focus of the manufacturers to Asia Pacific regions.

Notable hydrogen peroxide industry participants are AkzoNobel, Arkema, Gujarat Alkalies, Solvay S.A., Kemira Oyj, Mitsubishi Chemical Corporation, Gujarat Alkalies & Chemicals, and Evonik Industries.

Author NameOjaswita Kutepatil

Metalworking fluids market to amass hefty proceeds from automotive sector over 2018-2025, APAC to emerge as a major investment hub

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In the recent years, the global metalworking fluids market has gained considerable prominence in terms of the profitability matrix, given the rapid expansion of industrial sectors including the likes of automotive, aviation, energy, and infrastructure. In the year 2017, this business space registered a significant USD 10 billion remuneration majorly pertaining to the fact that these fluids are being used extensively in the automotive & transportation industry. In fact, it would not be overstated to say that owing to their ability to perform the crucial task of cooling down metals in machining processes such as drilling, turning, forging, and milling, metalworking fluids have been acclaimed as the essentials in the manufacturing sector.

U.S. Metalworking Fluids Market Size, By Product, 2014 – 2025 (USD Million)
U.S. Metalworking Fluids Market Size, By Product, 2014 - 2025 (USD Million)

The unprecedented growth that the automotive industry is currently witnessing, with global vehicle sales exceeding 96 million units in 2017, has further added momentum to metalworking fluids market. These statistics goes on to validate the perpetual influence of the automotive & aviation sectors on the demand curve of the metalworking fluids market – indeed, these domains have chronicled themselves among the list of the most lucrative growth avenues for this business sphere.

Synthetic fluids to witness perpetual growth

Over the past decade, the metalworking fluid technology has advanced significantly, to such an extent that using the right kind of MWF for specific machining process can intensely surge machining efficiency, surface finish and metal life. Synthetic fluids in this regard are making rapid progress in metalworking fluids industry and it appears that they are all poised to cement their place among the list of top-selling products. Authentic research reports in fact claim the synthetic fluids to be the fastest growing segment of the overall metalworking fluids industry, thanks to the robust demand from the aerospace sector. Synthetic fluids are non-flammable at higher temperatures and have superior resistance to corrosion and rust – an overt factor that adds to the greater demand from the aviation sector. The fluid moreover is a good substitute to petroleum based oils, given its water-based concentrates with excellent cooling performance.

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Other metalworking fluids such as soluble oils have oil content more than 50%, which keeps them limited to cutting operations that are carried out on low & medium tensile steels, cast iron, brass, and bronze. The high oil content in these types of MWF provides ideal lubricity index for machining operation, in turn providing quality surface finish and protecting the machine tool.

India & China to emerge as global investment hubs  

The flourishing aerospace & automotive industry in the Asia Pacific region has given rise to escalating demand for metalworking fluids in the region. China has emerged as one of the strongest investment grounds, being the world’s second largest economy, biggest exporter of goods, and the largest manufacturing hub. The country is also touted to be the fastest growing consumer market and the first but one importer of goods. These factors, in tandem with increased focus on sustainability and product quality have profoundly influenced the manufacturing, metal fabrication, and transportation segments in China, which in turn have set the ground lucrative for metalworking fluids market.

India too has been following similar growth patterns that have resulted into steady influx of capital in the regional metalworking fluids industry. Substantial changes in tax break and direct foreign investment policies coupled with cost-effective land & labor costs have grabbed the attention of several multinational companies, encouraging them to set up their manufacturing units in this region. Backed by such strong growth factors the regional MWF market is certain to witness phenomenal product demand in the ensuing years.

Metalworking fluids market to witness paradigm shift to eco-friendly cutting fluids

While MWFs have secured a crucial place in metal fabricating & manufacturing sectors for enhancing the tool life, they have also been scrutinized for posing serious health and safety threats on humans. As a result, there has been increasing pressure from global environmental protection agencies on the metalworking fluids industry players including the likes of Lubrizol Corporation, Henkel, The Dow Chemical Company, ExxonMobil Corp, and Castrol Ltd., which are now capitalizing on R&D trends to come up with eco-friendly MWFs.

With the shift to bio-based MWFs, other processes such as dry machining & minimum quantity lubrication are also gaining importance in the global metalworking fluids industry. Efficaciously thriving on these trends, Global Market Insights, Inc., claims the global metalworking fluids market to exceed USD 15 billion by 2025. What further remains to be seen is how the industry will fare in an era where digitization & electric vehicles are taking prominent shape.

Author Name : Ojaswita Kutepatil

A succinct outline of pigments market in terms of competitive landscape, Asia Pacific belt to emerge as a profitable growth avenue

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Endorsed by a massive end-use spectrum, the potential of global pigments market is being increasingly recognized by international chemical industry players. The extensive requirement of corrosion inhibition and color imparting across a plethora of expanding domains such as construction, paints & coatings, printing inks have led to a spike in demand for high performance specialty pigments. In consequence, this has also prompted companies partaking in pigments market to continually bring about innovations that could potentially disrupt the business dynamics.

China Pigments Market Size, By Product, 2014 – 2025 (USD Million)
China Pigments Market Size, By Product, 2014 - 2025 (USD Million)

German chemical giant BASF has recently come up with its latest breakthrough product in pigments market. The globally acclaimed player has unveiled a revolutionary stir-in-pigment that claims to offer enhanced color depth, sparkle, and flop for automotive coatings applications. Christened as eXpand!™ Red (EH 3427), this groundbreaking pigment technology is reportedly the first pigment resulting from the strategic partnership between BASF and Landa Labs, which got through last year. Launched at the American Coatings Show this year, the full-fledged commercialization of the technology is certain to bring forth a disruption of sorts in the automotive coatings landscape. Not only this, the latest innovation is also claimed to have added a dynamism to the competitive terrain of the pigments market.

Speaking along similar lines, in a bid to sustain in the fiercely competitive scenario, some of the contenders of pigments industry share are also focusing on strengthening their distribution network for a better market hold. Terra Firma’s recent expansive partnership with Ferro’s Pigment Division is an exemplar precedent depicting the same. Reportedly, the U.S. based pigment supplier has chosen Terra Firma to represent its full product lines across Southeast, in effect from July this year. The private equity firm would be also distributing Ferro’s recently acquired Cappelle line of technologies across the Southeastern and Northeastern belt of U.S, effective from August this year. Allegedly, the deal encompasses Ferro’s full dry pigment range that include Nubiola, Ferro, and Cappelle. The deal, as per experts’ opinion, would substantially enhance Ferro Pigment Division’s stance in the global pigments market.

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Since half a decade or so, emerging countries of Asian belt like China, India have been observing a heavy onslaught of investments in construction and automobile domains, a factor that has had a rather appreciable influence on APAC pigments industry. Experts predict that the trend is likely to remain synonymous over the ensuing years, primarily on account of the rise in disposable incomes of the consumers and the increased investments in real-estate sector. The surge in demand for advanced pigments across Asia Pacific turf may be also credited to the robust growth in paints & coatings sector across nations like Japan, Malaysia, and Indonesia. All in all, it would be apt to state that Asia Pacific, backed by a lucrative end-use portfolio, has emerged to be an opportunistic investment spot for pigments industry giants.

Despite having a strong demand graph ahead, there are certain challenges restraining the pigments market growth – the major one being the product’s fluctuating price trends. Since most of the raw materials used in pigment production are mainly petroleum derivatives or carbon based, inconsistency in oil & natural gas prices leaves a major impact on pigments industry dynamics. Another prominent growth restraining factor is the hazardous impact of some of the colorants like cadmium, lead sulfochromate, and molybdate sulphate on human health and environment. Amidst this backdrop, the impact of regulatory framework on pigments market landscape is a major trend to watch for, given the product’s correlation with the health and environment. These dynamics are deemed to disrupt the product, competitive, and application landscape of pigments industry, which is anticipated to be along one of the most fragmented business spaces of recent times. In terms of renumeration, the global pigments market share is forecast to surpass USD 18 billion by 2025.

Author NameSatarupa De

Waterproof breathable textiles (WBT) market revenue to hit USD 2.18 billion by 2022

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Waterproof breathable textiles (WBT) market size is anticipated to grow at a rate of 5.4% over 2015-2022, owing to its rising applications in sportswear coupled with growing consumer awareness about environment-friendly products. Rising demand for recycled polyethylene terephthalate (PET) bottles in fabric production is anticipated to propel global WBT industry trends over the coming years. Growing popularity of waterproof breathable textiles across defense and medical sectors is projected to create lucrative avenues for the industry growth in the near future. Advancement in fiber technologies, which help in production of stain-resistant, antimicrobial, water-resistant, and moisture-resistant textiles is expected to boost waterproof breathable textiles industry size over the next few years.Europe waterproof breathable textiles market price worth USD 450 million in 2014, is projected to grow at a CAGR of 4.7% over the timeframe. The growth can be credited to rising awareness about health & fitness among the population. In addition to this, increase in number of sports activities such as hiking, is expected to contribute noticeably towards the regional growth.

Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

North America WBT industry size is anticipated to reach USD 600 million by 2022, owing to high demand for waterproof and breathable apparels. Furthermore, changing consumer lifestyles accompanied by growing fashion trends is further predicted to boost the growth. Asia Pacific waterproof breathable textiles industry revenue is projected to grow at a CAGR of 6.5% over the coming six years.

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Active sportswear segment is expected to contribute substantially towards global waterproof breathable textiles market share over the next few years. WBT industry size in the active sportswear segment worth USD 1200 million in 2014, is expected to register a CAGR of 5.3% over the timeframe. The high growth can be attributed to its breathable property, ensuring ventilation to skin during perspiration. It also finds applications in other sectors such as water sports, mountaineering, rock climbing, snow sports, and outdoor lifestyles. WBT market revenue in other sectors is expected to reach USD 300 million by 2022.

Major waterproof breathable textile products include garments, footwear, and gloves products. Garments market worth USD 875 million in 2014, is forecast to record a CAGR of 5.1% over 2015-2022. The growth can be attributed to its increasing application in mountain sports and trekking activities. Footwear market size is expected to grow at a rate of 6% over the coming six years. The growth can be attributed to its lightweight, insulating, and high-strength properties.

Based on the types, waterproof breathable textiles (WBT) market is segmented into membrane, coated, and densely woven waterproof breathable textiles. Membrane waterproof breathable textiles (WBT) industry, which contributed nearly 71% of the overall demand, is expected to record highest gains of 5.5% over 2015-2022. The growth can be attributed to its high water resisting property along with its ability to help in water evaporation. Densely woven waterproof breathable textiles (WBT) market is expected to record a CAGR of 5% over the coming six years, driven by its rampant use in medical, defense, and work wear sectors.

Market players will try to increase their product portfolio by adopting key business strategies such as mergers & acquisitions and product differentiation. Key industry players include W L Gore & Associates, SympaTex, and Polartec.

Author NameDhananjay Punekar

Rapidly expanding automotive industry to drive the thermoplastic polyolefins market growth: Global revenue to hit USD 4 billion by 2023

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Rise in vehicle sales and construction activities across the globe is predicted to drive thermoplastic polyolefins market size over the coming years. According to Global Market Insights, Inc., “Thermoplastic Polyolefins Industry size is anticipated to reach USD 4 billion by 2023.” Moreover, it finds wide applications in medical industry owing to favorable features such as excellent thermal stability, design versatility, crystal clarity, mutagenic potential, and high resistance. Strict government norms for reducing greenhouse emissions to minimize environmental pollution is predicted to boost the demand for thermoplastic polyolefins over the next few years.Growing preference for thermoplastic polyolefins over polyvinyl chloride owing to environmental risks caused by PVC usage, will further boost the industry growth over the coming years. Strict CAFÉ (Corporate Average Fuel Economy) regulations have emphasized vehicle manufacturers to innovate ways for reducing vehicle weight to ensure minimal pollutant emissions in the atmosphere. This is expected to stimulate TPO demand in automobile applications over the next few years.

U.S. Thermoplastic Polyolefins Market size, by application, 2012-2023 (Kilo Tons)

U.S. Thermoplastic Polyolefins Market size, by application, 2012-2023 (Kilo Tons)

TPO market share in automotive industry accounted for over USD 1.6 billion in 2015, and is estimated to witness a significant growth over the coming years. The growth can be attributed to processing ease, design flexibility, ability to be recycled, and lightweight properties, which in turn helps in reducing fuel emissions from vehicles.

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Construction sector is another lucrative industry favoring TPO demand significantly. TPO market size in construction industry is predicted to grow at a rate of 6.8% over the period of 2016-2023. The growth can be credited to its extensive application in manufacturing roof tops for both commercial and residential infrastructure owing to its solar radiation inhibiting characteristic.

North America market price worth USD 860 million in 2015, is anticipated to witness substantial gains over the coming years. Its growing applications in construction, automotive, medical, and packaging sectors is projected to drive the regional demand over the coming years. Moreover, strict automotive fuel efficiency norms are predicted to boost the product popularity in the region. U.S. is expected to make significant contribution towards the overall regional revenue.

Europe market share is anticipated to exceed USD 1 billion by 2023, owing to the increased application of these products in medical and packaging sectors as compared to other traditional polymers and elastomers. UK, Germany, France, and Italy are expected to be the major revenue pockets for the region over the next few years.

Asia Pacific TPO market is expected to exceed USD 1.3 billion by 2023, owing to heavy construction spending along with booming automotive sector. Japan, India, and China are expected to contribute significantly towards the regional share in the near future.

Market players will try to enhance their product portfolio as well as revenue through mergers & acquisitions, joint ventures, and strategic alliances. Key industry participants include DuPont, INOES, A. Schulman, Mitsui, Arkema S.A, Noble polymers, The DOW Chemical Company, ExxonMobil, Polisystem UK Limited, SABIC, Sumitomo Chemical, S&E Specialty polymers, GAF, LyondellBasell Industries, and Spartech.

Author NameDhananjay Punekar

Expanding transport industry to offer high growth prospects for coated fabrics market

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Extensive use of coated fabrics in manufacturing air bags as well as seat covers in automotive sector along with strict government norms addressing the safety concerns of factory workers is expected to drive global coated fabrics market growth. According to Global Market Insights, Inc., “Coated fabrics market share worth USD 18 billion in 2015, is predicted to reach USD 27.4 billion by 2024, registering a CAGR of 4% over 2016-2024.” Growing demand for coated fabrics from OEMs to manufacture motor vehicle upholstery, convertible tops, spare tire covers, headliners, and heavy-truck covers is predicted to boost the industry growth over the next few years.

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

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

Growing vehicle sales in Thailand, Indonesia, China, and India are expected to enhance the popularity of coated fabrics in automotive sector. Consistent efforts to improve the aesthetic appearance of seat cover designs are expected to boost the product demand over coming years. Global industrial protective clothing expenditure worth USD 5 billion in 2015, is anticipated to grow at a rate of 14% over the period of 2016-2024, owing to favorable government policies ensuring employee safety in industries. Food processing, medical, agriculture, defense, law enforcement, and chemical processing industries provide protective clothing to their workers to protect them from heat, biological pollutants, chemicals, and ecological hazards.

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Coated fabrics find myriad applications in protective clothing, furniture, and transport sectors. Coated fabrics market size in transport industry worth USD 6 billion in 2015, is expected to witness a high growth over the period of 2016-2024 owing to its increasing use in marines, automobiles, and aviation sectors. Its application in protective clothing sector is expected to grow at a rate of 4% over 2016-2024. The growth can be attributed to standardized factory regulations ensuring worker safety by mandating the use of protective clothing for workers to protect them from accidents occurring during the working hours. Coated fabrics application in furniture industry worth USD 1.9 billion in 2015, is projected to witness a high surge over the period of 2016-2024.

Major coated fabric products comprise fabric backed wall coverings, polymer coated fabrics, and rubber coated fabrics. Polymer coated fabrics market price worth USD 17 billion in 2015, is expected to witness significant growth over the coming eight years owing to high demand for air bags and protective clothing in manufacturing industries. Rubber coated fabrics industry size is forecast to exceed USD 2 billion by 2024, driven by its favorable properties such as elasticity, durability, and resistance to degradation. High product demand can also be attributed to its growing application in food conveyor belts, gymnasium mats, storage bags, aprons, lifeboats, truck covers, and protective garments. Fabric wall backed covering market is projected to witness a noticeable growth over the coming years due to heavy spending on public infrastructure and growing consumer inclination towards home interiors.

Europe coated fabrics industry size worth USD 3 billion in 2015, is expected to witness a considerable growth over the period of 2016-2024. Strict government compliances related to worker safety coupled with standardized norms associated with passenger safety are expected to drive the regional growth. Germany, UK, and France are the major regional revenue contributors.

Asia Pacific market is predicted to record a CAGR of 4% over 2016-2024, owing to its growing demand in transport industry and protective clothing applications. Furthermore, the growth can also be credited to the presence of many manufacturing firms in the region. Malaysia, China, India, and South Korea are predicted to contribute substantially towards the regional growth over the coming years.

North America market is forecast to witness a noticeable growth over the coming eight years, due to growing product demand in the automotive industry along with large-scale use of protective clothing in oil & chemical industries. U.S. is expected to be a major contributor towards the regional share.

Latin America coated fabrics industry is projected to witness highest gains over 2016-2024 owing to high growth of motor vehicle industry. Brazil and Argentina are predicted to make substantial revenue contributions in the near future.

Middle East & Africa (MEA) market is expected to grow considerably over the period of 2016-2024 due to the presence of large construction projects along with strict rules regarding worker   safety in factories. UAE, Saudi Arabia, and Kuwait are expected to drive the regional growth.

Market players will try to increase their revenue through product & technology innovation and mergers & acquisitions. Key industry participants include Takata Corporation, Omnova Solutions Incorporation, Trelleborg AB, Saint-Gobain, and Canadian General Tower Limited.

Author NameDhananjay Punekar