Feed micronutrients market to accrue nearly 50% of its estimated valuation by 2024 from poultry, Europe to be one of the key revenue pockets
Cargill’s recent acquisition of Southern States’ animal feed business is a major evidence of the ongoing developments in Feed Micronutrients Market. This acquisition, from Cargill’s end, was solely aimed at expanding its presence in Southeast U.S.A. and by extension, consolidating its position in feed micronutrients industry. This deal will present Cargill with numerous opportunities to improve its brand value and product portfolio, as Southern States Cooperative is reputed to manufacture nutritional feed for animals such as goats, cattle, turkeys, and chickens. Other companies operating in this business space are also involved in periodic M&As, to sustain their position in feed micronutrients market, which, as per estimates, held a revenue of USD 1.2 billion in 2016.
U.S. Feed Micronutrients Market Size, By Product, 2016 & 2024 (USD Million)
A recent news snippet highlights how South Korea has decided to lift the ban on U.S. poultry to accomplish the surging demand for poultry products, especially eggs. In the last month, the South Korean government had announced that it intends to reduce all the import duties on 28,000 tons of egg products, imported from the U.S., until the end of 2017. According to a market study, by the end of 2024, feed micronutrients market will collect a revenue of over USD 990 million solely from poultry application. Following South Korea’s lead, China also plans to lift restrictions on imported poultry products.
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Animal feed plays an important role in the food chain, as a result of its implication on human health, with humans consuming products such as egg, milk, and meat. To maintain a balanced food chain and protect animal and consumer health, various governmental organizations across Europe have been enforcing legislations on animal feed quality, which will eventually provide a positive impetus to feed micronutrients market. Most companies therefore, have been focusing on the development of bio products to comply with the regulations. As per estimates, Europe feed micronutrients market is slated to generate a revenue of more than USD 585 million by 2024. Some of the renowned players in feed micronutrients industry are ADM, Cargill Inc., Balchem Corporation, Novus International, Aries Agro, Zinpro Corporation, Agrium Advanced Technologies, Inc., Gawrihar Bio-Chem Pvt. Ltd., Nutreco N.V, Alltech, Lallemand, and Kemin Industries.
The companies operating in feed micronutrients market are investing heavily in new product developments to enhance their product portfolio. One of the major participants, Aries Agro has witnessed a huge growth in its revenue collection between 2016-17, as this company set its hopes on its new product pipeline. Aries Agro plans to launch new products for aqua culture by the end of this year as well, state reports. Speaking on similar lines, aquaculture feed micronutrients industry is slated to register an annual growth rate of more than 6% over the period of 2017-2024.
Nowadays, feed micronutrients are increasingly used as animal food additives to enhance the health and yield of the livestock. Therefore, to garner a more lucrative share of the business, some of the players have been focusing on research and development activities to detect possible ways to enhance product development. In July 2017, for instance, ADM Animal Nutrition expanded its Gro Fast portfolio, which is likely to provide a rich energy diet, bioavailable vitamins and high-quality protein for dairy beef cattle. Designing a comprehensive feeding program to improve the quality of feed additives is thus, slated to generate profitable growth prospects for feed manufacturers over the years ahead. According to Global Market Insights, Inc., feed micronutrients industry will surpass a revenue collection of USD 2 billion by the end of 2024.
Author Name : Sunil Hebbalkar
Over the past decade, the growth of veganism has increased exponentially. The proliferation of rice protein market can be strongly grounded to this changing demographic preference. Attesting to this strong backdrop, global vegan population in 2016 crossed almost 360 million, with the United States accounting for a major ratio. According to a reliable study- almost 3% of the U.S. population (around 7.5 million Americans) follow a vegetarian based diet, out of which approx. 1 million fall under the category of active vegans. These aforementioned statistics is quite an evidence to the escalating rice protein market demand in recent years. Vegans are becoming increasingly health conscious and are including vegetable proteins as nutritional supplements in their staple diet, subsequently impelling commercialization of Rice Protein Market.
U.S. Inorganic Rice Protein Market Size, By Application, 2016 & 2024, (USD Million)
Penetrating a diversified application landscape, encompassing sports and energy nutrition, meat analogues & extenders, animal feed, bakery and confectionary, cosmetic, and pharmaceutical sectors, rice protein market is forecast to almost double its revenue collection in the coming seven years, from USD 60 million in 2016 to over USD 115 million by 2024. Research has indeed proved that intake of this value added nutritional supplements can prove to be more healthy and environmental friendly, subject to the fact that these vegetarian protein isolates maintains cholesterol and blood sugar level. In this regard, it is important to note that growing consciousness amongst global youth regarding maintaining a good physique is providing a significant push to rice protein market growth.
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Considering the product palate, rice protein industry is predominantly bifurcated into inorganic and organic isolates. While organic rice protein isolates are mainly implemented in sports & energy nutrition, dairy alternatives, meat & extenders, and bakery & confectioneries, inorganic isolates are more prevalent across pharmaceutical, food & beverage, animal feed and cosmetic sectors. Organic rice protein market has gained a remarkable traction over the recent years, driven by the expanding pool of vegan population. Wellness and sustainable environmental profile is further instigating a large mass to shift away from animal sourced food. Another profound sector heavily influencing rice protein market dynamics is dairy alternatives market. The future growth potential of dairy alternatives industry is forecast to be positively high, which in a way is translating a positive influence on organic rice protein business space as well. In fact, statistics claim organic rice protein market by the end of 2024, will surpass a valuation of USD 60 million. Regionally U.S. experiences a strong urge for dairy and meat free diet, which can be primarily credited for the significant expansion of the regional organic rice protein market. Global Market Insights, Inc. depict that U.S. organic rice protein industry will record a valuation of USD 1.5 million by the end of 2024
|Organic Rice Protein Market|
|Applications||Projected CAGR over 2017-2024|
|Sports & Energy Nutrition||10%|
|Meat & Extenders||12%|
Worldwide, rice protein industry is rather concentrated with leading companies procuring a major chunk of the industry share. These players are known to focus on research and development to manufacture innovative products and reduce the manufacturing cost to attract a wider customer base. Some of the prominent players involved in rice protein market include RiceBran Technologies, Nutribiotic, Axiom Foods, AIDP Inc., Shafi Gluco Chem, and Golden Grain Group. Recently, FDA has granted GRAS certification to Axiom Foods for their organic brown rice protein ingredient, Oryzatein. Reportedly, this was the first time when a rice protein was acclaimed with such a designation by a renowned authority such as FDA. This grant in itself is a sure shot indication that rice protein market may soon enter mainstream food production, exploiting a vivid range of commercialization potentials in the years ahead.
Author Name : Satarupa De
Industrial Eye Protection Market to heavily penetrate oil & gas and construction sectors over 2017-2024
Rising awareness regarding the causes of eye injuries at worksites is likely to stimulate Industrial Eye Protection Market. As per reliable estimates, every three out of five workers had not been wearing eye protection at the time of the accident. The importance for eye protection has substantially increased, owing to the humongous expenditure on eye injuries – as per records, the overall healthcare expenditure on eye injuries currently amounts to more than USD 300 million. In order to mitigate the ever-rising costs for eye treatments, products such as face respirators, safety goggles, and other hybrid eye safety products have penetrated various end-use sectors, which have made a major impact on industrial eye protection industry. As per estimates, in 2016, industrial eye protection market crossed a revenue collection of USD 1.92 billion.
U.S. Industrial Eye Protection Market, By Product, 2013-2024, (Million Units)
As per the Electronic Library of Construction Occupational Safety and Health (eLCOSH), the rate of occurrence of eye injuries is the highest among the workers of the woodworking sector, followed by plumbers, electricians, and pipefitters. It is vital that various types of protection wearables are used pertaining to the different hazards that exist. In order to comply with this requirement, industrial eye protection market giants such as like Honeywell International, MSA Safety, 3M, Kimberly Clark, Bolle Safety, Teijin Fibers, Avon-ISI, Jallatte Group, Alpha Pro Tech, Ansell Healthcare, Gateway Safety, and Sioen Industries have continuously been working on implementing new features in protective eyewear.
In May 2017, 3M™ Personal Safety Division has launched SecureFit Protective Eyewear 600 series, which offers long lasting anti-fog coating. Moreover, this product also provides long term comfort to the workers. Besides, this industrial eye protection industry giant is continuously working to strengthen its product portfolio, technological terrain, and overall functional capabilities to maintain its position. Recently 3M acquired the America based giant in industrial eye protection market, Scott Safety, from Johnson Controls. This acquisition has strengthened 3M’s personal safety portfolio in gas & flame detection instruments and other safety devices such as thermal imaging cameras.
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In America, the Occupational Safety and Health Administration has deployed considerable regulations to avoid workplace injuries. To comply with these regulations, various companies have mandated the use of personal protective equipment for the workers, which is likely to favor industrial eye protection industry size. Several companies across North America are continuously involved in product innovation and novel technological advancements. As per statistics, North America industrial eye protection market will exhibit a CAGR of 3.2% over 2017-2024, subject to the increasing gas exploration and excavation activities across the continent.
Employees working in the oil & gas sector are exposed to various hazardous particulates such as oil, grit, and dust, which are capable of causing eye injuries. Moreover, chemical spills and exposure to harmful gases can also cause eye burning. As result of this, the importance for safety goggles and welding shields has particularly increased across the oil and gas sector. In 2016, oil and gas sector covered 25% of the revenue contribution of industrial eye protection market.
An on-job eye injury has the potential to disable an employee’s life by causing long lasting vision damage. Even minor eye injuries from sawdust and cement cause vision problems such as corneal erosion and recurrent. Estimates state that 90% of the eye injuries can be prohibited with the use of proper eye wear protection, which will propel industrial eye protection market, slated to surpass a revenue collection of USD 2.5 billion by the end of 2024.
Author Name : Sunil Hebbalkar
Organic ice cream market to cross the billion-dollar benchmark by 2024, U.S. and China to be key revenue pockets
Organic ice cream market has recently gained a renewed traction with the latest buzz created by the Japanese scientists with regards to introducing the ice cream that “doesn’t melt”. As per sources, this ice cream can retain its original shape and taste even at a temperature of 28°C (82.4 F). In the making of this product, the Japanese scientists used a natural strawberry extract called polyphenol liquid that stops the water and oil from separating quickly, which enables the ice-creams to stay frozen. This ice-cream with all-natural extract was introduced to the people in Kanazawa, and then in Osaka and Tokyo, which in turn has propelled the regional organic ice-cream industry growth. This example sheds light on the fact that the companies operating in organic ice cream market, need to be innovative with their ingredients and flavors to uphold their sales in the fiercely competitive landscape.
U.S. Organic Ice Cream Market Size, By Product, 2016-2024 (Kilo Tons)
Rising health consciousness among the consumers has created higher demand for natural low-fat or fat-free ice creams that has indeed secured lucrative avenues for organic ice cream market. In 2016, the global ice cream spending, was recorded worth USD 55 billion and ice cream consumption surpassed 23 billion liters. U.S. and China represented the major regions in the organic ice cream market with the largest consumer base and the trend is likely to continue with both these regions foreseen to be major stakeholders in this fraternity. Sweden, Australia, Italy, New Zealand, U.S., and Denmark are the major countries consuming the highest per capita/liter of ice cream.
The trend of maximizing the nutritional credentials in ice cream by increasing the content of organic ingredients, has significantly driven organic ice cream industry share. Moreover, various advancements in the field of cold chain infrastructure, storage facilities, and refrigerated transport systems have fostered the growing trend of low fat and organic ice creams across the globe. Valued at USD 850 million in 2016, Organic Ice Cream Market is further expected to reach USD 1.2 billion by 2024. Global Market Insights, Inc., also predicts the organic ice cream consumption to go beyond 245 kilotons by 2024.
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In this to-be billion-dollar industry, vanilla continues to be the flavor of choice in both, take home and artisanal ice cream product types. This flavor is the most versatile and exhibits profound blending with bakery desserts, drinks, and toppings. Consumers demand for vanilla ice creams has risen, owing to its all-natural and pure ingredients. Basically, organic ice-cream is made up of concentrated flavor of organic ingredients such as organic cream, organic milk, low/whole milk, and organic egg yolks, which is mixed with stabilizers, flavors, emulsifiers, and sweetening agents. In 2016, vanilla organic ice cream market accounted for more than 29% of the total demand. Growing demand from families for multi-serving desserts in gatherings and special occasions have augmented the demand for take home ice-cream products. Having contributed to over 50% of the organic ice cream industry share in 2016, take home is likely to dominate the overall product demand.
Organic chocolate flavor is also gaining popularity, on account of rising consumer awareness toward health benefits of natural cocoa. Moreover, the proven benefits of dark chocolate in preventing cardiac diseases and improving the skin texture have profoundly attracted consumers to pick organic chocolate flavors in their ice cream scoops. Butter pecan, strawberry, mint chocolate, and black raspberry are among the other key flavors contributing to organic ice cream market revenue.
Growth Strategies | Nestlé simplifies its ingredients as consumer demands for organic products
Nestlé has featured a new ice cream recipe branded as Slow Churned Simple Recipes, where they have reduced from average of 22 ingredients to mere 7 to 8 ingredients. It has also removed all the artificial colors, flavors, high fructose, corn syrup, and GMO ingredients to enhance its nutritional value. In addition to this, it is using fresh milk from cows not treated with rBST. The roll-out of the new product had begun in 2016 and has substantially influenced the organic ice cream industry. Weight Watchers International, Blue Bell, Dean Foods, So Delicious Dairy Free, Mikawaya, Lotte Confectionary, Unilever, and Amul are key organic ice cream market players. These companies are highly seen responding to shifting consumer trends toward natural and nutritious ice cream flavors and are also offering a wide range of premium products in innovative flavors. With consumers persistently appreciating the value of simple and organic ingredients particularly in the F&B sector, it is certain for organic ice cream market to chart a profitable roadmap over the years ahead.
Author Name : Ojaswita Kutepatil
Graphene Market to demonstrate an upward growth graph via surging demand from the automotive sector over 2017-2024
Of late, Graphene Market has been gaining remarkable traction, owing to the extensive use of graphene for power storage and composites. The scientific community has been researching on the viability of graphene for aerospace applications in a strategic collaboration with the European Space Agency (ESA), with an aim to test the potential of graphene in zero gravity conditions. The success of this research is slated to create new avenues for the players in graphene industry. As per statistics, graphene market held a revenue of USD 20 million in 2016.
U.S. Graphene Market size, by End-user, 2013 – 2024 (USD Million)
Analyzing the ongoing and future trends of graphene market, Graphenea has decided to expand their graphene oxide (GO) pilot plant with a production capacity of 1 ton per annum. They are also working on the customization of GO to integrate it into different polymer ranges. This strategy will help the company move forward toward the production of graphene based composite materials, strengthening its position in graphene market. On these grounds, it would be noteworthy to mention that graphene market from graphene oxide is slated to cover 40% of the overall share by 2024, and will grow at a CAGR of more than 35% over 2017-2024. Major participants in graphene industry are Graphenea, Grafoid Inc., Applied Graphene Material, Graphene Frontiers, LLC, XG Sciences, Inc., Advanced Graphene Products, Angstron Materials, Inc., AMO Gmbh, ACS Materials LLC, Xiamen Knano Graphene Tech. Corporation Ltd., Applied Nanotech, Inc., Thomas Swan & Company Ltd., Nanjing XFNANO Materials Tech Co., Ltd., Haydale Limited, and Graphene Laboratories, Inc.
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Graphene market outlook across the healthcare sector
Apart from being utilized in composite materials, graphene finds application in healthcare sector. Graphene oxide is extensively used in various dental care products, owing to its capability to resist antimicrobial agents. Growing awareness among people about their dental health will influence graphene market share noticeably. As per a market study, graphene market from healthcare sector will exceed a revenue collection of USD 20 million by 2024, owing to the requirement of the product for tissue engineering, drug delivery systems, and cancer treatment.
Diabetes monitoring and therapy involves the utilization of wearable and handy graphene based electrochemical devices. These devices are apparently painless, non-invasive, and offer stress-free monitoring, which helps diabetic patients to avoid expensive, lengthy, and painful diabetic therapies. Increasing prevalence of diabetic patients across the globe is slated to fuel the product demand, due to cost effectiveness. In addition to this, for next generation cancer therapies, researchers are planning to undertake extensive studies on graphene based medicines to detect the effectiveness of the therapy on cancer cells.
Graphene market trends across the automotive sector
Automakers have been giving preference to graphene material for manufacturing luxurious cars, owing to the fact that the usage of graphene decreases the overall vehicle weight. Graphene itself is lightweight as compared to the other materials, and its utilization will improve the fuel efficiency and speed of the car enormously. Recently at the Auto show held at Geneva, Pininfarina has unveiled electric car operated with graphene based battery. On that note, automotive sector covered 20% of graphene industry share in 2016 and will register a CAGR of more than 34% over the coming seven years.
Pertaining to quicker charging time and longer driving ranges, graphene battery is expected to witness huge demand for the automotive application in the future. The rapid growth of Graphene Battery Market stands as a testimony to the development of graphene industry, which, according to Global Market Insights, Inc., will record an annual growth rate of 35% over 2017-2024.
Author Name : Sunil Hebbalkar
APAC Sodium hydrosulfite market to witness phenomenal growth with a projected contribution of 70% to the global demand by 2024
Boasting of a widespread application spectrum encompassing mineral flotation, wood pulp bleaching, and textile sectors, sodium hydrosulfite market already held a billion-dollar business space in yesteryear. Rooted from sodium dithionite, sodium hydrosulfite is basically used as a bleaching and reducing agent in various dyeing applications that are increasingly in demand across a myriad range of emerging markets, textile sector is one of the many. For instance, in textile, these chemical compounds observe high demand in vat dyeing application and in bleaching cotton, wood, nylon etc. It is therefore of no surprise, that the robust growth of textile industry is directly proportional to the sodium hydrosulfite market growth. global textile industry size in 2016 was almost around 90 million tons in terms of demand, which, as per market forecast, is likely to reach around 130 million tons by the end of 2024. This speculation is quite a testimony to sodium hydrosulfite market growth in the coming years.
U.S. sodium hydrosulfite market size, by application, 2013 – 2024 (USD Million)
With textile sector leading the application landscape, Sodium Hydrosulfite Market is slated to exceed a revenue of USD 1.4 billion by the end of 2024, with 4% CAGR over 2017-2024. As per estimates, textile application will witness a revenue contribution of USD 700 million by 2024, with a y-o-y growth of 4% over the forecast span. Other than textiles, the steady product demand in the metakaolin and kaolin synthesis will also act in favor of the market growth. Worldwide, global sodium hydrosulfite industry is rather concentrated with leading four players holding a chunk of the business space. These players have been increasingly focusing on research activities to come up with some innovative products, thereby attracting a wider consumer base. Some of them are also concentrating on strategic collaborations to expand their global presence to establish a strong foothold in sodium hydrosulfite industry space.
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Overall, global sodium hydrosulfite market is forecast to carve a sizable growth in emerging economies especially across APAC belt. North America and Europe sodium hydrosulfite market, on the other hand, is likely to witness rather a moderate growth over the coming seven years. The increasing importance of paperless economy in these two regions is negatively impacting the sodium, hydrosulfite business space. In 2016, the overall paper board production capacity in North America was 79.6 million tons, which the market expert forecast to scale down to 70 million ton by 2024. Western Europe is also foreseen to follow the similar trend to fall down to 80 million tons by the end of 2024, from 88.2 million tons in 2016. Considering the aforementioned issues that may hamper the regional market growth, North America and Europe sodium hydrosulfite market is slated to witness 2% and 1.5% CAGR respectively over 2017-2024.
Forecast to be the most profitable region for the market investors, APAC accounted for almost 45% of the overall sodium hydrosulfite market share in 2016. The expanding paper & pulp and textile industries in this region is the prime factor that is driving the regional market outlook. This is quite evident from the impending demand for paper products in the regional packaging market, which has experienced a significant impetus post e-commerce entry in the retail space. In fact, as per estimates, the demand for paper products in the APAC countries is forecast to exceed 350 million tons in terms of volume by 2024, subsequently upscaling sodium hydrosulfite industry share as well. China, Pakistan, Bangladesh, and Vietnam are some of the prominent nations which are expected to contribute significantly toward the regional market share in the coming years. Other factors that are catapulting the business growth are the cost-effective workforce, availability of raw materials, and favorable government support. Global Market Insights, Inc., predicts APAC to be at the forefront of the global sodium hydrosulfite industry landscape by 2024, with a market coverage of almost 70% of the total volume.
Prominent industry players include AZ Chemicals, Guangdong ZhongCheng Chemicals, BASF SE, and Jinhe Group.
Author Name : Satarupa De
Low Smoke Halogen Free Flame Retardant Polypropylene Market to be majorly impacted by construction sector over 2016-2023, APAC to be a promising growth avenue
The growth graph of Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market will observe an upswing owing to the adoption of key business strategies such as the launch of technological innovations and the development of unique, state-of-the-art products by vital manufacturers across the globe. A recent instance of aforementioned fact is that of ADEKA Corporation’s phosphorus flame retardants emitting lesser percentage of carbon emissions. The Underwriters Laboratories, a U.S. based safety consulting & certification firm, had verified and certified ADEKA Corporation’s marketing claim that its ADK STAB FP-2000 series products, phosphorus flame retardants, emitted 89% lesser carbon monoxide emissions along with 99% lower smoke under the flaming environment when treated with polypropylene (PP) sample as compared to the PP sample treated with bromide. The global business sector has witnessed an emerging trend towards the use of halogen-free flame retardants offering low smoke performance in surface finishes, textiles, plastics, coatings, and rubbers. Supported by such emerging technological trends, the usage of these flame retardants is slated to penetrate the indoor wiring, aerospace, appliance wiring, and railway sectors in the near future, thereby propelling low smoke halogen free flame retardant polypropylene industry share.
Europe low smoke halogen free flame retardant polypropylene (PP) market size, by application, 2012-2023 (USD Million)
In June 2013, Addivant™ LLC, a global supplier of polymer modifiers, antioxidants, inhibitors, UV stabilizers, and polymer additives, had introduced a new kind of polymer modifier, referred to as Polybond, that helps halogen free polyolefin compounds substitute poly vinyl chloride in flame retardant cables. This resulted in the escalated popularity of halogen free polyolefin compounds across the building & construction, transport, house appliances, and electronic & electrical sectors, thereby providing a positive impetus to low smoke halogen free flame retardant polypropylene (PP) industry revenue.
Regulations governing low smoke halogen free flame retardant polypropylene market:
The risks of environmental damage associated with the emission of flame retardants have compelled government authorities across the world to introduce stringent laws, which can impede the growth of low smoke halogen free flame retardant polypropylene industry. However, the enactment of certain laws can also help prevent unnecessary accidents and impel the development of low smoke halogen free flame retardant polypropylene market.
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Halogen free flame retardants are best used for delaying the fire outbreaks in a rather effective manner and for regulating VOC emission levels. Alongside, it is prudent to mention that government authorities across the world have introduced new safety guidelines to curb fire eruptions, which will significantly propel low smoke halogen free flame retardant polypropylene market in the ensuing years. Global Market Insights, Inc., has forecast low smoke halogen free flame retardant polypropylene industry to grow at a rate of over 8.5% during the period from 2016 to 2023.
Elevated demand for halogen free flame retardants offering low smoke performance will steer North America low smoke halogen free flame retardant polypropylene (PP) industry over the next few years. The region accounted for more than 30% of global industry size in 2015, with the United States being one of chief revenue contributors.
Asia Pacific low smoke halogen free flame retardant polypropylene (PP) market is predicted to make substantial contributions toward the regional landscape over the years ahead. As per analysts, the region is forecast to record a CAGR of 8.5% over 2016 to 2023. The escalating growth in the number of construction and infrastructure ventures across the countries such as India and China is anticipated to favorably leverage low smoke halogen free flame retardant polypropylene (PP) market. For instance, government spending on the construction projects in China was estimated at more than USD 1.63 trillion and will rise to manifold over the coming timeframe.
Most of the players operating in low smoke halogen free flame retardant polypropylene market have exhibited an interest in the development of new flame retardant products for the electrical & electronics, automotive, packaging, construction, industrial, and labelling sectors, by tailoring the product to suit their growing business requirements. Speaking of which, some of the noteworthy firms that are forecast to influence low smoke halogen free flame retardant polypropylene (PP) market share include Albemarle Corporation, BASF Corporation, FRX Polymers Incorporation, ICL, E. I. Du Pont de Nemours and Company, PolyOne Corporation, Chemtura Corporation, Nabaltec AG, Thor Group Limited, RTP Company, Clariant, Lanxess A.G., Huber Engineered Materials, Koninklijke DSM N.V., and Delamin Limited.
Author Name : Dhananjay Punekar