Competitive Analysis

Specialty Pulp and Paper Chemicals Market: High demand across the packaging sector to drive the industry growth over 2016-2024

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Heavy demand for one-sided specialty (coated) papers across various stationary applications will favorably impact specialty pulp and paper chemicals market growth over the coming seven years. Moreover, increasing demand for these chemicals in the packaging industry for flexible packaging applications will augment the global industry trends over the coming years. According to Global Market Insights, Inc., “Specialty pulp and paper chemicals market value is forecast to hit USD 31 billion by 2024.Wastewater treatment chemicals sector revenue, driven by growing concerns towards environmental protection, is expected to augment the market growth over the next few years. Rise in the popularity of specialty flexible packaging materials and labels will further contribute towards the industry size.

U.S. Specialty Pulp And Paper Chemicals Market size, by product, 2015 & 2024 (USD million)

U.S. Specialty Pulp And Paper Chemicals Market size, by product, 2015 & 2024 (USD million)

Moreover, new enzyme development to increase the efficiency of paper production is projected to encourage the industry trends over the next few years. Booming packaging and e-commerce industry is projected to boost specialty pulp and paper chemicals market growth in the near future. In addition to this, growing usage of graphic papers, tissues, diazo papers, and other specialty papers are forecast to foster specialty pulp and paper chemicals industry growth over the coming timeframe. Extensive applications of specialty pulp and paper chemicals in release liners, thermal transfers, posters, laminations, envelopes, and gift wraps will further benefit the market growth.

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Functional chemicals, bleaching chemicals, polymerization & blowing agents, and process chemicals are some of the major specialty pulp and paper chemicals products. High demand for value-added paper leading to enhanced use of functional chemicals will drive specialty pulp and paper chemicals market growth over the coming years. Functional chemicals, which dominated the overall revenue in 2015, are anticipated to record substantial gains of 4.5% over the period of 2016-2024. Furthermore, growing use of recycled papers leading to the high demand for bleaching chemicals is expected to contribute substantially towards the specialty pulp and paper chemicals industry growth over the next few years. Bleaching chemicals are forecast to record a CAGR of 4% over the coming timeframe. Process chemicals market revenue is expected to surpass USD 6700 million by 2024. It helps in enhancing the efficiency and lifecycle of pulp manufacturing machines.

Regional highlights related to specialty pulp and paper chemicals industry over 2016-2024 are detailed below:

  • Asia Pacific specialty pulp and paper chemicals market, which led the regional landscape in 2015, will record a CAGR of 6% over the coming timeframe. High demand for packaging materials along with rise in the production capacity will fuel the regional growth. India and China to be the key regional revenue drivers.
  • Rise in the number of new manufacturing units/establishments in the region, is expected to contribute significantly towards LATAM specialty pulp and paper chemicals industry size, which is expected to grow at a rate of 5% over 2016-2024.
  • North America specialty pulp and paper chemicals industry is forecast to hit the target revenue margin of USD 6 billion by 2024.

Key industry players include Nalco Holding Company, Kemira Oyj, Ashland Inc., Akzo Nobel N.V., Shell Chemicals Company, BASF SE, Buckman Laboratories International Inc., SNF Floerger Company, and Evonik Industries.

Author NameDhananjay Punekar

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Increasing renewable energy demands to drive permanent magnet market over 2016-2024

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Shifting consumer focus towards the renewable energy sources, mainly wind energy will stimulate permanent magnet market share over the coming seven years. According to Global Market Insights, Inc., “Worldwide permanent magnet market is estimated to surpass a revenue of USD 50 billion by 2024, registering an annual growth rate of more than 10% over the period of 2016 to 2024.” AS per the study by Global Wind Energy Council (GWEC), annual installation of the windmill will increase over 75GW capacity by 2019, which will boost the demand for global permanent magnet industry significantly.Moreover, climatic discussion at UNFCCC’s Cop 21 announced that, by 2050 all power generation should be emission free, which will fuel the requirement of wind energy projects thereby, the surging need of the magnet will drive the permanent magnet market trends notably. Furthermore, rising R&D investment to develop new and superior quality magnetic material is expected to boost the industry demand.

U.S. Permanent Magnet Market size, by application, 2013 – 2024 (USD Billion)

U.S. Permanent Magnet Market size, by application, 2013 - 2024 (USD Billion)

Energy generation, electronics, automotive are some of the prominent application areas of the permanent magnet market. Energy generation will be the major application segment and will record a CAGR of 10% over the coming seven years. The growth can be attributed to its escalating demand for wind energy projects. The automotive application will become a lucrative segment over the coming years, owing to the extensive usage of magnet for various motor accessories such as alternators, actuators, speakers, sensors, and meters. In addition, increasing demand for commercial vehicles and cars will fuel the global permanent magnet industry share considerably.

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Based on the product, permanent magnet market is mainly segmented into Aluminum–Nickel–Cobalt (AlNiCo), Ferrite, Samarium–Cobalt (SmCo), and Neodymium (NdFeB). Neodymium (NdFeB) based permanent magnet industry surpassed a revenue of USD 14 billion in 2015 and will exhibit a lucrative growth rate of over 10% over the coming seven years, owing to the capability of the NdFeB based magnet to generate products with good aesthetic features and light weight.

Considering the regional landscape, North America permanent magnet market collected a revenue about USD 4 billion in 2015 and is anticipated grow at a rate of 9% over the coming years of 2016 to 2024. U.S. automotive sector and wind energy projects will augment the regional industry growth significantly.

Asia Pacific permanent magnet industry size worth over USD 10 billion in 2015, is projected to grow noticeably over the coming timeframe, owing to its surging demand from electronic, wind energy and automobile sectors pertaining to the high growing production capability. India and China will be the major revenue pockets of the regional permanent magnet market.

The market players will invest heavily in R&D programs to gain more revenue over the coming years. Mergers & acquisitions will be the major business strategy adopted by the industry participants. Adams Magnetic Products Co., Inc., Hitachi Metals, Ltd., Hangzhou Permanent Magnet Group, Arnold Magnetic Technologies Corporation, Electron Energy Corporation, TDK Corporation, Molycorp Magnequench, and Anhui Earth-Panda Advance Magnetic Material Co. Ltd. are some of the notable industry players in the permanent magnet market.

Author NameSunil Hebbalkar

Artificial Lift Systems Market outlook: Expanding oil & gas reservoirs to offer dynamic growth opportunities over 2016-2023

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Growing deployment of lifts in the oil reservoirs to increase production is predicted to drive Artificial Lift Systems Market trends. Implementation of these systems will help to extract liquid at a higher flow rate, thereby increasing productivity. According to Global Market Insights, Inc., “Worldwide Artificial Lift Systems Market is anticipated to exhibit a lucrative growth rate of 8.9% over the period of 2016 to 2023.”  Rapid industrialization and urbanization along with growing population will generate heavy demand for oil & gas, which in turn will influence the artificial lift systems industry size positively.Moreover, huge investment in R&D to enhance product lifecycle along with the demand for product development at optimum cost will further generate heavy growth opportunities over the coming timeline. In addition to this, surging acceptance of wireline tools and services across MEA is expected to propel artificial lift systems industry share.

Europe Artificial Lift Systems Market size, by product, 2012-2023 (USD Billion)
Europe Artificial Lift Systems Market size, by product, 2012-2023 (USD Billion)

Taking into account the regional trends, Asia pacific artificial lift systems market is projected to account for more than 22% the total revenue share by 2023, owing to the growing consumption and high demand for oil & gas across the countries such as China, India, and Japan.

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North America artificial lift systems market led the global share by contributing a revenue of worth USD 6.36 billion in 2015 and is estimated to register an attractive growth rate over the coming six years. The attributing factors towards the regional growth are the availability of low-pressure oil wells along with the rise in shale gas production. U.S. will be the major revenue pocket for North America.

Rod lift, electrical submersible pumps, hydraulic pumps, progressive cavity pumps, and gas lift are some of the prominent product segments of the artificial lift systems industry. Electrical submersible pump market collected a revenue of more than USD 8.5 billion in 2015 and will register a CAGR of 8.9% over the period of 2013 to 2023, mainly driven by its low lifting cost coupled with its ability to lift a huge volume at once. Moreover, its features such as low space requirement, higher efficiency, and low maintenance will accelerate the product demand significantly over the coming years.

In 2015, rod lift product segment occupied about 24% of the overall revenue and will exhibit an attractive annual growth rate of 9.7% over the coming six years. The growth can be attributed to its availability in different sizes along with its capability to operate under high-temperature. Additionally, the benefits offered by rod lift such as reduced corrosion concern, simple system design, increased extraction rate of the hydrocarbon, and the lower operational cost will escalate the demand for rod lift.

Industry participants are working towards enhancing the production rates by spending heavily in technology innovations. Schlumberger, General Electric, Baker Hughes, Cameron International, Halliburton, and Weatherford International are some of the key players in artificial lift systems market.

Author Name Sunil Hebbalkar

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

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

Global hydrogen generation market outlook: Rising demand for desulfurization and strict emission control norms to drive the industry growth

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Rising popularity of petroleum products in emerging economies is expected to stimulate Hydrogen Generation Market Size over the next few years. Hydrogen is primarily used in refining process such as hydro desulfurization to remove sulfur from refined petroleum products such as petrol, diesel, jet fuels, etc. and make them more usable. Strict norms to reduce sulfur dioxide emissions from aircraft, ships, automobiles, industrial furnaces, and railroad locomotives will drive hydrogen generation industry growth in the near future. As per Global Market Insights, Inc., “Hydrogen generation industry size is projected to surpass USD 180 billion by 2024.

Hydrogen is generated from two processes known as electrolysis and steam reforming process. Global hydrogen generation market revenue from electrolysis process is expected to grow at a rate of 5% over 2016-2024. Hydrogen generation industry size from steam reforming process is forecast to witness a high growth over the coming seven years, owing to lower natural gas costs along with its easy availability.

Germany Hydrogen Generation Market size, by application 2013-2024 (USD Billion)
Germany Hydrogen Generation Market size, by application 2013-2024 (USD Billion)

Hydrogen generator finds varied applications across metal, construction, petroleum refinery, glass, propellant fuel, chemical, automobile, and semiconductor sectors. Chemical sector, which accounted for over half of hydrogen generation market share in 2015, will grow significantly over the coming timeframe. The growth can be credited to rising demand for ammonia from agricultural sector as well as its rampant use in urea production.

Hydrogen generation industry revenue in the petroleum refinery sector will grow substantially over the coming years as a result of its wide use in the hydrocracking process along with high preference for petroleum products such as diesel, gasoline, etc.

Taking into consideration the global outlook, APAC hydrogen generation industry revenue will witness a substantial growth over the coming seven years. The growth can be attributed to heavy demand for petroleum products from refineries. India and China are expected to be the key regional revenue contributors.

Europe hydrogen generation market is projected to observe a substantial growth over the next few years. Rising use of chemicals in construction and food & beverages sector will positively impact the regional growth. Germany is expected to contribute significantly towards the regional revenue share.

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North America hydrogen generation industry will grow considerably over the coming seven years, owing to heavy demand for ammonia. In addition to this, rising preference for renewable sources of energy to curb the greenhouse emissions is expected to contribute substantially towards the regional growth over the coming years. U.S. is predicted to dominate the regional share.

MEA hydrogen generation industry will witness a high surge over the period of 2016-2024 due to growing demand for fertilizers. LATAM market is expected to observe a noticeable growth over the next few years, owing to remodeling of current deployments and large-scale expansion of refineries.

Key industry players include Messer Group GmbH, The Linde Group, Nuvera Fuel Cells Inc., Iwatani Corporation, Taiyo Nippon Sanso Corporation, Hydrogenics, Showa Denko K.K., Caloric Anlagenbau GmbH, Xebec Adsorption Inc., Praxair Technology Inc., and Air Liquide.

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Author NameDhananjay Punekar