Competitive Market Share & Forecast
Synthetic paper market growth is driven by huge concerns about environmental protection all across the globe
Industry Trends
Global Synthetic Paper Market size is projected to surpass 210 kilo tons by end of 2023 and record CAGR of about 6.2% during forecast timeline. The industry is projected to touch revenue of $410.11 million during forecast timeframe.
Heavy concerns among environmental protecting organizations against deforestation can result in high use of synthetic paper as it does not contain wood pulp and conserves natural resources. All these factors are predicted to contribute towards growth of synthetic paper industry.
MEA synthetic paper market size, by product, (KT), 2012-2023
Global paper consumption has increased significantly in past few years and approximately about 35.1% of harvested trees are utilized for paper production. Its biodegradable nature and sustainable output are main growth factors promoting global synthetic paper market trends.
Crude costs substantially affect product demand and current low crude cost has led to steady synthetic paper market price. However, the industry is projected to recover from 2017 as it could experience an upswing in industry prices.
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Product Trends
The global synthetic paper industry is segmented into products like biaxially oriented polypropylene and high-density polyethylene.
Biaxially oriented polypropylene segment is projected to record CAGR of 6.9% during forecast timeline.
High-density polyethylene segment is projected to surpass 76 kilo tons by end of forecast timeline.
Application Trends
The global synthetic paper market is segmented into a label and non-label applications. Use of synthetic paper for label applications is growing and projected to touch 80 kilo-tons by end of forecast timeline. Its key uses are shrink labels, wraparound labels, stack labels and in-mold labels.
Non-label applications are extensively used in industry and it contributed about 62.1% of global industry demand for 2015. They are used in charts, graphics, banners, print media and maps.
Regional Trends
The global synthetic paper industry is segmented into various regions like North America, LATAM, Europe, MEA and Asia Pacific.
Asia-Pacific has led the global industry as the region is the biggest exporter in the world and has largest packing industry globally. It is projected to record CAGR of 7.4% and touch revenue of $162 million by end of forecast timeline. China and India synthetic paper market share has dominated the Asia-Pacific industry. The growth of Asia Pacific region can be credited to heavy demand across end-use sectors like food & beverages, cosmetics and chemicals. This is due to lifestyle changes, consciousness, demographic trends and standardization. The industry is projected to record a CAGR of 6.9% during forecast timeline. North American industry is projected to contribute towards 45.81 kilo-tons by end of forecast timeline with non-label applications predicted to contribute for more than 60.1% of total size.
European industry accrued revenue higher than $69.1 million for 2015. MEA and LATAM are new synthetic paper markets and contributed about just higher than 10.1% of total size.
Competitive Trends
Key industry participants profiled in the report include Hop Industries Corporation, UltraClear, American Profol Incorporation, DuPont, PPG Industries, Nan Ya Plastics Corporation, Yupo corporation, Neenah Paper, Octopus, Avery Dennison, Taghleef Industries and Arjobex.
Author Name : Dhananjay Punekar
Butane market growth is driven by rising demand for liquefied petroleum gas
Industry Trends
Global Butane Market size is predicted to surpass 266 million tons with projected gains higher than 2.8%. Rising LPG (liquefied petroleum gas) demand due to its acceptance as domestic fuel, specifically in APAC and Africa, is projected to promote global industry trends. Governments all across the globe are encouraging its usage to reduce greenhouse emissions and coal dependency. They are providing subsidy on LPG to promote its usage as domestic fuel.
Butane market price trend is projected to soften during forecast timeline due to crude oil movement. Rising use of auto gas due to operational cost advantages as compared to oil based fuels like gasoline is projected to promote industry demand. It possesses high energy ingredients and burns easily as compared to other fuels. Use of auto gas as fuel is growing rapidly during past few years owing to ecological advantages.
Europe butane market size, by application, 2012-2022 (Million Tons)
However, pollution of underground water due to leakage of methyl tert-butyl ether along with growing demand for ethanol as a replacement for gasoline is anticipated to hinder growth of global butane market in future.
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Application Trends
Global butane market is segmented into various applications like LPG, refinery and petrochemicals.
LPG segment was biggest and contributed higher than $121 billion for 2014. Rising demand for heating fuel in cold locations along with use of fuel for cooking purposes in APAC is anticipated to promote demand of butane for LPG production. Furthermore, most of the Asian and European nations have been accepting LPG as transportation fuel.
Petrochemical segment contributed higher than 16.1% of total demand and is projected to expand substantially during forecast timeline. Growth of the segment in middle east is projected to promote the demand during forecast timeframe.
Regional Trends
Global butane industry is segmented into geographical locations like North America, MENA, Latin America, APAC and Europe.
APAC, led by India and China butane market, contributed key industry share and produced revenue about $57.1 billion for 2014. Increase in population and growing requirement for energy, specifically in rural areas of China and India for cooking is projected to stimulate the demand for butane.
MENA (Middle East and North Africa) market share contributed more than 18.1 % of total size for 2014. Rising use of LPG as feedstock in replacing for natural gas & crude oil in factories and chemical sectors has enhanced the product demand in the region. This region is projected to experience exceptional growth owing to growth in countries like Nigeria, Saudi Arabia, UAE and Qatar.
Competitive Trends
Key industry participants profiled in the report include British Petroleum, ExxonMobil Corporation, Valero Energy Corporation, Royal Dutch Shell, Tyumen Oil Company, Perenco, Total S.A, Air Liquide, Energy Corporation of America, Chevron Corporation, ConocoPhillips Company, Sinopec Group and China National Petroleum Corporation.
Author Name : Dhananjay Punekar
Corrosion inhibitors market trends are driven by demand for pure and clean water in various industries
Industry Trends
Global Corrosion Inhibitors Market size was projected to expand at more than 5100 kilo tons for 2015 in terms of size and is expected to register higher than 4% CAGR by end of forecast timeline. The industry revenue is projected to surpass $ 8.9 billion by end of forecast timeline.
Global water treatment chemicals industry is projected to register revenue of more than $32 billion by end of forecast timeline. Growing demand for pure and clean water in different industrial segments like medical segment, chemical segment and electronics segment is projected to promote corrosion inhibitors industry trends.
MEA corrosion inhibitors market size, by end-use, (USD Million) 2012-2023
Expansion of green corrosion inhibitors industry can witness a breakthrough in product techniques and demand. Increased use of corrosion inhibitors has led to correct steps being taken for its disposal. Inappropriate disposal adversely impacts the climate which can lead to instability in global corrosion inhibitors market price trends.
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Application Trends
Global corrosion inhibitors industry is segmented into various applications like oil based application or solvent based application and water based application.
Water based application segment is projected to surpass $6.8 billion revenue by end of forecast timeline. These applications are projected to experience growth and are promoted by rising water treatment requirements and demographic indicators. Rise in energy production, construction sector, refining and mining sector is projected to lead to enhanced demand for the segment.
Solvent based application segment is projected to record CAGR of 4.3% by end of forecast timeline. These kind of applications make a protective barrier coating on surface of metal to avoid contact of water and thus prevents corrosion. Consistent performance of oil or solvent based application segment is a main aspect of segment growth.
Product Trends
Global corrosion inhibitors market is segmented into organic and inorganic products. Organic products segment is projected to register a CAGR of 5.2% in terms of size during forecast timeline.
Inorganic products segment was evaluated at more than $1.8 billion for 2015. Superlative features and rising legislations about use of inorganic products are crucial for industry expansion during forecast timeline.
End Use Trends
Global corrosion inhibitors industry is segmented into end use applications like power production, oil & gas, metal processing, pulp & paper and chemical processing.
Power production segment contributed more than $1.9 billion of overall revenue for 2015. It aids in effective operations of electronics, gas turbines, switch gears and pumps. Due to all these factors the segment is predicted to experience a tremendous growth in future.
Oil & gas segment is projected to record CAGR of 5.9% by end of forecast timeline. Growing exploration of oil & gas all across the globe is projected to promote the industry growth.
Pulp & paper segment along with chemical and metal processing segments contributed to significant portion of overall demand for 2015.
Regional Trends
Global corrosion inhibitors market is segmented into key geographical locations like North America, LATAM, Europe, Asia Pacific and Middle East & Africa.
U.S. corrosion inhibitors market share is predicted to grow more than 4.1% during forecast timeline. Metal applications, cement & concrete applications and industrial coatings uses are predicted to be key drivers of the industry growth in the region in future.
European industry demand for corrosion inhibitors is projected to touch 1901 kilo tons by end of forecast timeframe. Development of construction sector, mining sector, production sector and oil & gas industry in Europe is projected to propel regional industry expansion. Further, rising concerns about water pollution as well as waste water treatment can promote inorganic items demand.
Asia Pacific, led by India and China corrosion inhibitors market share, is projected to witness more than $3 billion revenue growth by end of forecast period. Rapid industrialization in countries like India and China along with heavy requirement for minimizing maintenance prices to acquire competitive benefit is predicted to promote regional industry growth. Furthermore, heavy automobile production index in APAC promoted by product growth along with research & development activities are projected to propel industry growth in the region.
Middle East & Africa and LATAM corrosion inhibitors market expansion is predicted to witness substantial growth during forecast timeline.
Competitive Trends
Key industry players profiled in the report include The Lubrizol Corporation, Daubert Cromwell LLC, Ashland Incorporation, DuPont, Cortec Corporation, DOW, Eastman, AkzoNobel N.V., Champion Technologies, Ecolab Incorporation, Marott Graphic Services, GE Water & Process Technologies, BASF SE and General Electricals.
Author Name : Dhananjay Punekar
Ethanolamines market growth is driven by rising demand from surfactants, natural gas and agrochemical sectors
Overview
Global Ethanolamines Market size contributed $2.80 billion for 2015 and is projected to expand at a CAGR of 4.2% during forecast timeline. Growing demand from surfactants and agrochemical, strong infrastructural expansion in APAC and significant potential demand from natural gas processing are predicted to enhance the industry trends.
U.S. Ethanolamines Market size, by product, 2013-2024 (KT)
Comparatively slow increase of raw material prices and other aspects are also predicted to add towards revenue gain. Demand from other applications like textiles, paints & coatings, additives and cosmetics are also predicted to help the global ethanolamines industry expand in future.
Key threats faced by global ethanolamines market include strict rules and health concerns due to chemical ill-effect on human beings. Medical studies were carried out to check the chemical effects of the product on human liver and its connections to liver tumors were detected in past. This inhibits the use of the product in many applications and proper replacements have found their way to the industry.
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Product Trends
Global ethanolamines industry is segmented into key products like triethanolmines, monoethanolamine and diethanolamines.
Diethanolamines is predicted to be attractive product segment with revenue of higher than $1.1 billion for 2015 with higher than 4.1% CAGR expected to be recorded during forecast timeline. Its expansion is credited to herbicides growth.
Triethanolmines product segment was the biggest segment for 2015 and is projected to expand significantly during forecast timeline. Demand for ester quats is projected to fuel the segment revenue.
Monoethanolamine segment is projected to grow owing to heavy demand from triazines and ethyleneamines. Furthermore, the increase in demand for the segment can be credited to rising demand from olefins cracker items and refinery streams.
Application Trends
Global ethanolamines market is segmented into various applications like gas treatment, chemical intermediates, cement, surfactants and herbicides.
Surfactants segment contributed more than 25.1% of total revenue for 2015. Chemical intermediates and herbicides contributed for more than 40.1% of ethanolamines market share with nominal gains projected by end of forecast timeline. Rising agrochemicals sector owing to increasing demand from farming activities and growing demand from different cleaning methods in most of end use sectors are few of the aspects for these segments to display fast growth during forecast timeline.
Regional Trends
Global ethanolamines market is segmented into various geographical locations like North America, APAC, MEA, Europe and Latin America.
APAC, specifically, India and China ethanolamines industry, contributed more than $1.1 billion for 2015 in revenue terms and the region is projected to experience heavy expansion depending on domestic use.
MEA and APAC are predicted to be the most favored areas for the industry during forecast timeline.
Latin America and North America are predicted to demonstrate positive growth in future. U.S. ethanolamines market share that was higher than 400 kilo tons for 2015 today contributes more than 84.1% of overall North American industry share in terms of revenue.
Competitive Trends
Key industry participants profiled in the report include SABIC, Huntsman Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., BASF-YPC Company Limited, Thai Ethanolamines Company Limited, Akzo Nobel N.V., China Petroleum & Chemical Corporation, INEOS Group and Sintez OKA LLC.
Author Name : Dhananjay Punekar
Synthetic lubricants market trends are driven by growing demand from automobile and industrial sectors
Industry Trends
Global Synthetic Lubricants Market size is predicted to surpass 900 kilo tons by end of 2023 andpredicted to record CAGR of 4.3% during forecast timeline. Rising demand from automobile and industrial sectors in APAC owing to new machine set ups and enhanced sale of brand cars is projected to be drive industry growth.
Europe synthetic lubricants market size, by product, 2012 – 2023, (USD Million)
The revenue size of the global industry is predicted to be $5.1 billion by end of forecast timeline. Applicationgrowth of the industry in automobile sector, construction industry, food & beverage industry and personal care sector in developing nations like UAE, Qatar and Saudi Arabia hasshifted attentionto natural gas expansion. All these aspects are predicted to promote synthetic lubricants industry trends.
High costs compared its mineral equivalents can hinder the industry expansion in future. Synthetic lubricants market price trend observed a steep decline in last few years owing to low petrochemical prices. But costs are predicted to increase by end of forecast period.
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Product Trends
Global synthetic lubricants industry is segmented into products like PAG (Polyalkylene glycols), GroupIV (Polyalpha- olefin)(PAO)and GroupV (Esters).
Group IV Polyalpha-olefinsegment contributed more than 436 kilotons for 2015 in terms of size and is predicted to record aCAGR of about 4.1% during forecast timeline. Enhanced use of polyalpha-olefin in engines of automobiles along with OEM (original equipment manufacturers) endorsementin brands like BMW and Volkswagen is projected to promote segment expansion in future.
Group V or esters segment is predicted to touch $1.74 billion and record CAGR of 4.91% by the end of forecast period. Rising demand of esters in reciprocating compressors due to original equipment manufacturers like Ingersoll Rand as well as recommending usage of compressor oil is predicted to fuel segment growth.
Application Trends
Global synthetic lubricants market is segmented into applications like metalworking fluids, engine oils and heat transfer fluid (HTF).
Engine oils contributed more than 40.1% of globalsynthetic lubricants market share for 2015 and is predicted to record CAGR of 4.3% by end of forecast timeline. Main applications of engine oils are rising drain intervals and offering outstanding film protection along with broad functioning temperature range. All these aspects are predicted to enhance the demand for engine oils segment.
HTF or heat transfer fluid removes water and heats reboilers in chemical and oil & gas sectors. Due to this property the demand of HTF segment is predicted to grow in future. It is projected to surpass 291 kilo tons of production by end of 2023. Further, these fluids are also utilizedin power steering and as lubricants in four-wheeldrive fluid transfers. The segment is predicted to record CAGR of 4.2% during forecast timeline.
Regional Trends
Global synthetic lubricants industry is segmented into geographical locations like Asia Pacific, North America, MEA, LATAM and Europe.
Asia Pacific, led by India and China synthetic lubricants market, is predicted to consume 245 kilo tons by end of forecast timelineand projectedto record CAGR of 4.6%.Growing high end automobile sales in Asia Pacific is projected to stimulate industry expansion during forecast timeline. Further, superlative features and high performance of synthetic lubricants products as compared to its mineral based counter parts helps in wide use of these products in high end automotive.
Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW.
Middle East and LATAM synthetic lubricants industry provides unexplored growth avenues for industry participants. But U.S. synthetic lubricants market is equally saturated
Competitive Trends
Key industry participants profiled in the report include Castrol, Amsoil Incorporation, Valvoline, ExxonMobil, Fuchs Group, Shell, Chevron, British Petroleum, Pennzoil, Kendalland Total.
Author Name : Dhananjay Punekar
Antimicrobial coatings market growth is driven by strong application trends in healthcare and medical device segment
Overview
Global Antimicrobial Coatings Market size produced higher than $2.5 billion revenue for 2015 and is projected to register CAGR of more than 10.1% during forecast timeline. Strong application overview in healthcare and medical equipment sector is predicted to propel global industry expansion. Global antimicrobial coatings industry contributed more than 25.1% to medical and healthcare segment for 2015 in terms of size. High end residential and commercial construction projects have witnessed an increase in product application which is aimed at reducing air pollution. The products can be included into producing materials and are utilized in conserving amount of air quality over a long period that can fuel industry expansion.
Europe Antimicrobial Coatings Market size, by application, 2013-2024 (USD Mn)
Silver is the most dominant and active constituent and has substantially affected antimicrobial coatings market price trends. With higher than 60.1% of total revenue share, food packaging is main application for barrier & additive sector that converts into greater avenues for global antimicrobial coatings industry.
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Product Trends
Global antimicrobial coatings industry is segmented into surface modifications & coatings product and antimicrobial powder coatings product. Surface modifications & coatings segment produced revenue of more than $651 million for 2015. Properties like adhesion and long term stability are predicted to promote industry demand for the segment.
Antimicrobial powder coatings segment is predicted to experience 9.1% growth. Its use in domestic appliances, medical care, steel & furniture sector and sanitation can fuel demand for the product.
Application Trends
Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction.
Indoor air quality application segment produced high sales for 2015. Strict rules in European Union and U.S. have made it compulsory for hospitals and schools to use antimicrobial coatings to minimize the medical infection hazard. This has encouraged new business entrants to invest in the application segment. It is predicted to witness healthy expansion during forecast timeline.
Medical & healthcare application segment can experience substantial gains of more than 9.6%. Increase in amount of medical equipments in U.S hospitals as well as hospitals in European Union can promote product demand. Mold remediation segment can witness biggest gains and produce more than $1.1 billion by end of forecast timeline.
Regional Trends
Global antimicrobial coatings industry is segmented into North America, LATAM, Asia Pacific, Europe and MEA. U.S antimicrobial coatings market produced heavy sales for 2015. Growing healthcare spending in U.S. owing to enhanced standards of living is predicted to drive regional industry growth.
Asia Pacific industry, with construction sector growth in China and India, is predicted to record CAGR of more than 9.6% by end of forecast timeline. End use applications like construction sector, food industry and medical industry are predicted to display substantial growth by end of forecast timeline. Indoor air quality application segment dominated China due to large production base in the region.
European antimicrobial coatings industry is predicted to produce sales of more than $1.36 billion by end of forecast period. Enhancing indoor air quality application and medical application is predicted to fuel regional industry expansion. Food sector development in countries like Italy, UK, France and Germany is predicted to boost the growth of European industry.
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Competitive Trends
Key industry players profiled in report include Nippon Paint Company Limited, Dow Microbial Control, DuPont, Troy Corporation, AzkoNobel NV, BASF SE, Royal DSM N.V., Diamond Vogel Paints, Sherwin-Williams Company, Arch Lonza, Sono-Tek Corporation, RPM International Incorporation and AK Coatings Incorporation
Author Name : Dhananjay Punekar
Advanced energy storage systems market growth is driven by rising concerns about energy conservation and focus on renewable power
Industry Trends
Global Advanced Energy Storage Systems Market size is projected to surpass 11.36 Giga Watts by end of 2022 and predicted to register CAGR of more than 15.1% during forecast timeline. Increasing concerns over power conservation and change in focus towards renewable energy sources is predicted to promote industry growth.
Constant efforts by firms like Halotechnics, GE Renewable Energy and General Compression to introduce changes in the technology is predicted to promote the demand for the advanced energy storage systems in future.
Germany advanced energy storage systems market size, by technology, 2012-2022 (MW)
Strict ecological regulations implemented by U.S. Environmental Protection Agency and Department of Energy to reduce carbon emissions are predicted to fuel demand for these advanced power storage systems. However, heavy initial investment costs of installing the systems and large space requirement for system deployment are predicted to hinder advanced energy storage systems industry expansion all across the globe. But research and innovations in storage technology leading to production of low priced storage systems are predicted to generate new opportunities for firms to enhance their profits. This is predicted to enhance the global advanced energy storage systems market share.
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Application Trends
Global advanced energy storage systems industry is segmented into electricity production application, electricity delivery & management application and transportation application.
Electricity production application segment was biggest and contributed more than 33.1% to the overall advanced energy storage systems market share for 2014. Transportation segment was second biggest application segment for 2014 and it generated a total revenue of more than $371 billion for this year. Electricity delivery & management segment is projected to experience biggest gains in future.
Product Trends
Global advanced energy storage systems market is segmented into products like electric vehicles & batteries, smart electric vehicle charging stations and light duty vehicle
Electric vehicles & batteries segment is considered as a perfect option for power storage during low demand and supplying power when there are peak loads.
Application of smart electric vehicle charging stations is predicted to help customers supply power to grid.
Plug-in electric vehicle is an established sub-segment of light duty vehicle segment and it contributed maximum revenue for period 2011 -2014.
Technology Trends
Global advanced energy storage systems industry is segmented into thermal technology, compressed air technology, batteries, flywheel technology and molten salt technology.
Thermal technology was leading segment in terms of utility with value surpassing $1.32 billion for 2014. This technique has beneficial as compared to other techniques as it does not require any inputs like lithium nor it has any geographical constrictions. Factors like enhanced efficacy with low energy consumption and low greenhouse emissions are predicted to propel the use of this technology in many applications.
Batteries segment contributed about 10% of total utilization share and is predicted to experience highest gains in future. Factors like charging ease as well as liquid electrolyte re-powering leading to low power wastage are predicted to favorably affect the segment demand.
Flywheel technology segment is predicted to register CAGR of greater than 18.1% during forecast timeline. This technology has many industry growth avenues as it is more reliable, efficient, possess long life span and requires less maintenance.
Regional Trends
Global advanced energy storage systems market is segmented into geographical locations like North America, LATAM, APAC, Europe and MEA.
North America led the global industry with U.S. advanced energy storage systems market contributing higher than 80.1% of global regional industry share. The nation is taking lot of pollution controlling measures and implementing many legislations in order to reduce the rate of pollution.
European industry contributed more than 15.1% to the total demand for 2014 and is anticipated to experience substantial rate of growth during forecast timeline. Measures to enhance sale of electric vehicles in order to reduce pollution rate by countries like France and Germany are predicted to boost the regional industry demand.
APAC advanced energy storage systems industry is predicted to experience biggest gains and predicted to register CAGR of more than 15.6% during forecast timeline. Countries like Indonesia, China and India are predicted to experience rise in construction activities. This aspect is predicted to enhance energy consumption resulting in greater demand for advanced energy storage systems for power conservation.
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Competitive Trends
Key industry participants profiled in the report include Furukawa Battery Company Limited, ZBB Energy, Hitachi, LG Chemicals Limited, Nippon Chemi-Con Corporation, Aquion Energy, A123 Systems LLC, Energizer Holdings Incorporation, Samsung SDI Corporation, GE Energy Storage, Alstom, SAFT, Altair Nanotechnologies Incorporation, Toshiba, China BAK Battery Incorporation, Energizer Holdings Incorporation, Enersys, Maxwell Technologies Incorporation, Exide Technologies, AES Energy, Greensmith, GE Energy Storage and Electrovaya Incorporation.
Middle east distribution transformer market growth is driven by rising demand for energy
Industry Insights
Middle East Distribution Transformer Market size contribution was more than $2.76 billion for 2015 and is projected to register CAGR of 3.91% during forecast timeframe. Increasing demand for alternate power source and growing cost of electricity production has resulted in transition from traditional electric grid use to smart grid use. Today, there is a growing focus on renewable energy sources due to less accessibility of non-renewable energy sources. Amalgamation of both non-renewable as well as renewable sources of power needs smart grid that can promote industry growth in future.
Egypt Distribution Transformers Market size, by technology, 2013 – 2024 (USD Million)
Requirement of skilled personnel for effective functioning of device can hinder demand in future. High middle east distribution transformer industry price trend can also inhibit the its growth.
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Product Insights
Middle east distribution transformer industry is segmented into products like large transformers, small transformers unit substations and medium transformers. Medium transformer segment contributed more than $1.3 billion for 2015 and is projected to experience highest growth during forecast timeline. This can be attributed to fast implementation of these equipments in less populated regions to reduce 3-phase high voltage to 3-phase low voltage for power distribution. Further, increasing copper costs are predicted to raise acceptance due to utilization of less amount of conductors in the product kind. Also, increasing demand across plants and facilities coupled with high energy needs like information centers can also propel segment demand substantially.
Small transformer segment is predicted to register CAGR of about 3.91% during forecast timeframe. Growing execution of the off load tap changer fitted equipment in outdoor and indoor applications can fuel segment demand. In addition to this, high cost efficacy provided for low density population network can further add to the demand during forecast timeline.
Technology Insights
Middle east distribution transformer market is segmented into liquid filled technology and dry type technology. Liquid filled technology segment is sub-segmented into pole mounted technology and pad mounted technology.
Liquid filled technology segment contributed greater than three- fourth of total regional revenue for 2015 and projected to register CAGR of about 4.1% during forecast timeline. Segment growth can be credited to factors like compact size and high price efficacy.
Dry type equipments are used in fire safety applications like marine, mining site, industries and underground substations. All these factors are predicted to fuel the demand and growth of dry type technology segment.
Regional Insights
Middle east distribution transformer industry is segmented into various geographical locations like UAE (United Arab Emirates), Saudi Arabia, Egypt and Qatar.
Saudi Arabia distribution transformer industry is predicted to surpass $1.6 billion by end of forecast timeframe. This can be credited to fast power consumption across residential as well as commercial segment. Government initiatives like setting up of nuclear power plants, amalgamation of solar power supplies and enhanced efficacy as well as reliability of power supply & distribution are predicted to be main factors for growth of this segment. Further, these factors are also successful in attracting huge capital investments in the country’s electricity infrastructure.
United Arab Emirates contributed greater than 8.1% of middle east distribution market share for 2015. Rising acceptance of the equipment across big warehouses, high rise constructions and centralized chilling establishments in this region are credited for the regional industry growth. Further, many advantages like minimized length & size of cable, long feeder lines and enhanced usable footage area provided in the region can also enhance the segment growth in future.
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Competitive Insights
Key industry participants profiled in the report include United Transformers Electric Company (UTEC), Alfanar Electrical Systems, SGB-SMIT, Tesar Gulf Power Transformers & Distribution Equipment LLC, Saudi Federal Transformers LLC, Abaft Middle East Transformer Ind. LLC, ABB(ASEA Brown Boveri) Group, General Electric, Eurogulf Transformers, Intact Transformers, Bawan, Matelec, Siemens, The Saudi Transformer Company Limited and Wahah Electric Supply Co. of S.A.
(Polymethyl Methacrylate) PMMA market growth is boosted by increasing healthcare applications and medical device sales
Industry Insights
Global (Polymethyl Methacrylate) PMMA Market size which was evaluated at more than $116 million in 2015 is projected to register a CAGR of higher than 7.6% till the end of forecast period. Shift in trend towards substituting traditional medical polymers like polycarbonate and polyvinyl chloride with high performing harmless polymers is expected to propel industry demand in medical applications. Increasing spending on global healthcare applications coupled with heavy medical equipment sales will produce more avenues for global industry across healthcare segment.
U.S. healthcare PMMA market size, by application, 2013-2024 (Kilo Tons)
Rising healthcare spending in BRICS (Brazil, Russia, India, China and South Africa) countries has fuelled the global (Polymethyl Methacrylate) PMMA industry growth. Rise in aging population in Europe, U.S. and Japan has boosted global (Polymethyl Methacrylate) PMMA market growth.
However, tight supply of raw substances for manufacturing monomers can limit supply of product and can adversely affect global (Polymethyl Methacrylate)PMMA market price trend in healthcare applications.
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Application Insights
Global (Polymethyl Methacrylate)PMMA market is segmented into applications like laboratory ware, medical ware and pharmaceutical handling.
Laboratory ware segment is expected to experience biggest gains and register CAGR of more than 6.2% during forecast timeframe. Rising old age population across the globe and increase in IV diagnostics is anticipated to positively influence industry growth. Heavy industry penetration of modern diagnostic tools like tissue diagnostics and molecular diagnostics in North American region can favor demand of the product.
Medical ware was dominant application segment in 2015 and produced more than $52.1 million revenue during that year. Rising occurrence of cataract and myopia owing to rising old age population can promote demand of intraocular lenses fuelling industry demand in medical ware applications.
Pharmaceutical handling segment is projected to record a CAGR of more than 4.1% by 2024 and register maximum growth. Launch of RFID (Radio frequency identification)cabinets in pharmaceutical sector can increase product demand. Rising occurrence of different chronic ailments can favorably influence cabinets demand and propel industry growth in pharmaceutical handling applications.
Regional Insights
Global (Polymethyl Methacrylate)PMMA market is segmented into geographical locations like Europe, MEA, Asia, Latin America and North America.
U.S. (Polymethyl Methacrylate)PMMA market led the industry demand for North America. It was evaluated at more than $48.1 million for 2015. Large aging population in U.S. along with strict FDA (Food and Drug Administration) rules to reduce use of harmful plastics in medical sector is predicted to favorably influence industry expansion.
APAC (Polymethyl Methacrylate)PMMA industry led by India and China is predicted to record CAGR of about 8% during forecast period and register maximum gains. Growth of medical equipments segment owing to technological breakthroughs in China and Japan are key aspects driving regional industry growth.
Europe (Polymethyl Methacrylate) PMMA market, dominated by Italy, UK, France, Spain and Germany, is anticipated to record CAGR of about 5% and cross revenue mark of $71 million by end of forecast period. Rising demand for medical equipments like dentures, incubators and desiccators is one of the key factors contributing to the industry growth in the region.
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Competitive Insights
Key industry players profiled in report are Evonik Industries, Arkema, Aristech Surfaces, Kydex, Lucite International, Dow Chemical Company, Plaskolite Incorporation and Polyone Corporation.
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