Forecast

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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Hybrid solar wind market outlook: Rising global warming concerns coupled with energy crisis to stimulate the industry growth

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High urge for reliable power supply along with strict legislations to curb the release of GHG in the atmosphere will push hybrid solar wind market growth. Moreover, favorable government policies encouraging the use of renewable energy along with strict regulation executions for reducing power consumption is expected to positively influence the industry growth. According to a report by Global Market Insights, Inc., “Hybrid solar wind market value is forecast to hit USD 1.47 billion by 2024.” Furthermore, declining manufacturing costs of the components such as wind blades, solar panels, and wind turbines are expected to contribute considerably towards the market growth.

U.S. Hybrid Solar Wind Market size, by product, 2013 -2024 (MW)
U.S. Hybrid Solar Wind Market size, by product, 2013 -2024 (MW)

Hybrid solar wind systems find key applications across industrial, residential, and commercial sectors. High requirement for continuous electricity supply is anticipated to drive the hybrid solar wind industry revenue across the commercial sector. Hybrid solar wind market size in industrial sector worth USD 224 million in 2015, is anticipated to witness a significant growth over the coming years. Government efforts to minimize carbon emissions is expected to drive the growth. The rise in the number of electrification programs across the emerging economies, primarily concentrating on decentralizing the power generation, will boost the industry growth across the residential sector.

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Standalone and grid connected are the major products through which hybrid solar wind systems are deployed. Grid connected hybrid solar wind industry size is expected to record a CAGR of 10% over the period of 2016-2024. Net metering, low deployment costs, and feed in tariff are the key growth drivers. Standalone hybrid solar wind market revenue is expected to grow significantly over the coming years, owing to its cost-effectiveness as compared to grid connected products.

Below are the regional trends influencing hybrid solar wind market over 2016-2024

  • Growing investments across renewable energy projects is projected to drive Australia hybrid solar wind industry size over the next few years. The government of Australia has allocated USD 1 billion funds for clean energy technology projects.
  • Chile hybrid solar wind market revenue is anticipated to grow at a rate of 11% over the period of 2016-2024.
  • Shortage of power supply and high demand for off grid electricity will favor Nigeria hybrid solar wind industry outlook over the next few years.
  • South Africa hybrid solar wind industry revenue is expected to hit USD 12 million over the coming timeframe.
  • Government policies encouraging  the use of sustainable energy along with rural electrification programs are expected to boost India hybrid solar wind market trends.
  • U.S. hybrid solar wind industry will grow considerably over the coming years, driven by heavy focus on consumption of renewable energy along with beneficial government policies supporting energy conservation.

Market participants will try to enhance their ROI through product differentiation as well as technological innovations. Key industry participants include Blue Pacific Solar Product Inc., Alpha Windmills, Alternate Energy Company, ReGen Powertech, Unitron Energy System Private Limited, Polar Power Inc., Zenith Solar Systems, Gamesa, Grupo Dragon, and Supernova Technologies Private Limited.

Author NameDhananjay Punekar

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

Anti-Corrosion Coatings market outlook: Energy sector to be the prominent revenue contributor

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Anti-Corrosion Coatings Market, having attained a revenue of USD 12 billion in 2015, is all poised to witness substantial gains owing to its applications across oil & gas, chemical manufacturing, power generation, aerospace, infrastructure, and marine sectors. According to Global Market Insights, Inc. “Anti-Corrosion Coatings Market size is estimated to witness a CAGR of 5% over the period of 2016-2025.”  These coatings are widely used as cost-effective solutions for protecting the metal surface from the weathering effects which will notably influence the anti-corrosion coatings industry trends.

U.S Anti-Corrosion Coatings Market size, by product, 2015 & 2025 (USD Million)

U.S Anti-Corrosion Coatings Market size, by product, 2015 & 2025 (USD Million)  

Powder based coatings, water-based coatings, and solvent-based coatings are some of the notable modes of application of the anti-corrosion coatings. Water based anti-corrosion coatings market will exhibit an annual growth rate of more than 4.5% over the coming period of 2016 to 2025, driven by the favorable government norms emphasizing on the usage of low volatile organic compound as an ingredient in the anti-corrosion coatings.

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Anti-corrosion coatings find extensive set of applications across various end-use sectors such as oil & gas, transport, shipbuilding, energy, and infrastructure. Global oil & gas equipment sector is anticipated to reach USD 278 billion by 2025. The expansion of this sector will create a positive roadmap for the anti-corrosion coatings industry, owing to its water proofing and corrosion resistance ability in oil storage tanks and in drilling pipes. Anti-corrosion coatings industry share in the energy sector is anticipated to register a CAGR of 5% over the period of 2016-2025.  The ability of these coatings to protect the surface against changing atmospheric conditions will drive its applications across hydropower, coal, biomass, solar power, and nuclear sector.

Shipbuilding is another lucrative application sector in anti-corrosion coatings industry which is predicted to witness a significant surge in the coming seven years. The ability of these coatings to provide corrosion protection, UV stability, anti-static, and durability effect to the ship surface will propel the anti-corrosion coatings market size across marine applications.

Favorable governments norms pertaining to the infrastructural developments will bring heavy gains in the anti-corrosion coatings market in the coming years. The superior properties of coatings such as UV resistance, heat resistance, anti-corrosion, superior bonding & structural strength coupled with low costs will contribute towards fueling the anti-corrosion coatings market share.

Based on the product segment, anti-corrosion market size mainly comprises acrylic, chlorinated rubber, polyurethane, zinc, epoxy, and alkyd. Epoxy anti-corrosion coatings industry dominated the product segment in 2015 and is anticipated to grow significantly by recording a rate of 4.5% by 2025, owing to its notable corrosion resistance and excellent abrasive characteristics. Polyurethane based products collected a revenue of USD 3 billion in 2015 and will generate heavy demand over the coming timeline. The features such as broad color, shiny appearance, and anti-corrosive characteristics will fuel the demand for polyurethane anti-corrosion coatings.

Asia Pacific anti-corrosion coatings market share is anticipated to register an annual growth rate of 5% over the coming eight years. The growth can be attributed to the expanding construction sector across this region. Additionally, growing popularity of anti-corrosion coatings, lower wages, and rise in shipping activities will further fuel the regional trends. India, China, Hong Kong, Thailand, Japan, Philippines, Singapore, Indonesia, and Korea will be the major revenue pockets of the APAC anti-corrosion coatings industry size.

North America collected a revenue of USD 15 billion in 2015 and is expected to grow significantly over the coming years, owing to the high investment in the defense sector along with expanding oil & gas industry. U.S. will contribute noticeably towards the regional growth.

RPM International Incorporation, AkzoNobel, Hempel Group, Valspar Company, PPG Industries, Valspar Company, Ashland, Axalta Coating Systems, AICA Kogyo Company Limited, Chugoku Marine Paints Limited, BASF SE, Chugoku Marine Paints Limited, PPG Industries, and Nippon Paints are some prominent industry participants in the anti-corrosion coatings market.

Author NameSunil Hebbalkar

Chemical Sector to Stimulate U.S. Industrial Boiler Market Growth, Industry Trends 2016-2024

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U.S. Industrial Boiler Market has gained popularity over the past years due to stringent environmental norms towards eliminating carbon footprints and harmful pollutant emissions. Shifting focus of industrialists towards curtailing the use of fossil fuel-based plants will stimulate the U.S. industrial boiler industry. Moreover, rising clean-energy fuel demand coupled with favorable government initiatives in the region will push the industry growth. According to Global Market Insights, Inc. “U.S. Industrial Boiler market size is estimated to witness a CAGR of 2% over the period of 2016-2024.”  

Fluctuating fuel prices over the past few years has triggered the demand for high efficiency boilers, which ensure significant reduction of fuel costs. Fuel accounts for 80% of the total operational cost in boilers. These high efficient boilers will drastically cut down the expenditures on fuel cost which will boost their adoption across the globe. High costs of fuel will encourage the replacement of old boilers with advanced ones driving the U.S. industrial boiler industry revenue.

U.S. Industrial Boiler Market size, by capacity, 2013 -2024 (USD Million)
U.S. Industrial Boiler Market size, by capacity, 2013 -2024 (USD Million)

Industrial boilers find applications in food, chemical, paper, and refinery industries, which are likely to be the major revenue generators for the boiler industry. According to Global Market Insights, Inc. U.S. Industrial boiler market size is projected to surpass USD 600 million by 2024. The most lucrative industry contributing significantly to the U.S. industrial boiler market is the chemical industry, owing to the rising chemical production. The statistical study conducted by the American Chemical Council stated that the chemical production will witness a surge by 1.6% in 2016 and 3.7% in 2017. Furthermore, the increasing demand from the food processing and paper industry is also poised to benefit the U.S. industrial market share.

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Below are the key highlights pertaining to the U.S. industrial boiler applications:

  • The chemical application is estimated to be the largest revenue generator for the U.S. industrial boiler industry and is predicted to beat USD 150 million by 2024. Favorable government initiative to reduce environmental hazards will augment the U.S. industrial boiler market growth in chemical sector.
  • Paper application is projected to exhibit an annual growth rate of 3%, owing to favorable demand from shale gas, dyes and cosmetics industry.
  • Food industry is estimated to be the third most lucrative sector favoring U.S. industrial boiler market revenue. It has contributed over 27% of the total revenue for 2015.
  • Refinery and metal industry will bring a huge set of opportunities for U.S industrial boiler business space. Growing demand for refinery products and steel consumption will influence the U.S. industrial boiler market growth in the coming seven years.

U.S. industrial boiler industry is further categorized based on its capacity (< 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and >250 MMBtu/hr). This segmentation of capacity finds application as per the need of power generation, such as extensive capacity boilers for refining industry and limited capacity boilers for the food processing industry. The U.S. industrial boiler market share was dominated by the boiler having capacity < 10MMBtu/hr which are mostly preferred by chemical and food industry.

Taking into consideration the regional landscape, following are leading US States offering a positive push to the U.S. industrial boiler market in the coming timeframe:

  • North Carolina boiler industry is anticipated to surpass USD 25 million by 2024.
  • North East dominated by New Jersey contributed 13% of regional industrial boiler market share. Expansion of sturdy industrialization in the regions synced with stringent rules set by the Environmental Protection Agency (EPA) towards eliminating the air toxic standards will complement the overall U.S. industrial boiler industry share.
  • The escalating gains and constructive growth of the paper industry has led Alabama industrial boiler market revenue to surpass USD 10 million by 2024.
  • The growth in chemical and food processing industries has led Ohio industrial boiler market size to witness 2% industry expansion.

With increasing focus on new technologies, the market players will invest more in R&D and accentuate on offering advanced products with higher heat transfer rates and lower fouling. Leading key companies operating in the U.S. industrial boiler market include Hurst & Welding Company, Inc., Clayton Industries, Unilux Advanced Manufacturing, Parker Company, Acme Engineering Prod. Ltd., Vapor Power International, Hurst & Welding Company, Inc., Superior Works, Inc., Bryan Steam LLC., Cleaver-Brooks, Inc, etc.

Author NameOjaswita Kutepatil

Zonal Isolation Market: Increasing drilling activities across the globe to stimulate the industry growth over 2016-2024

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The graph of Zonal Isolation Market is expected to display a high surge over the next few years, pushed by growing number of drilling operations carried out across the offshore and onshore destinations. Technological innovations have helped the industry players explore new oil & gas wells and this has significantly contributed towards the industry growth. Increase in number of shale gas exploration along with heavy crude oil demand due to high energy requirements, will propel zonal isolation industry growth in the near future. As per Global Market Insights, Inc., “Zonal Isolation market size is forecast to touch USD 31.18 billion by 2024.

Moreover, rise in the number of drilling rigs across the globe is projected to increase the demand for exploration and production of oil & gas wells, thereby driving the industry trends over the coming timeframe. For instance, world drilling rig count improved by 74 units in July 2016 in comparison to June 2016. In fact, the U.S. rig count had numbered to 449 rigs from 32 rigs while Canada contributed nearly 31 units to 94 rigs. Developed countries like the U.S. and Canada are investing heavily in oil & gas exploration projects which is expected to drive the zonal isolation industry growth over the next few years.

U.S. Zonal Isolation Market Size, By Application, 2013-2024 (USD Million)

U.S. Zonal Isolation Market Size, By Application, 2013-2024 (USD Million)

Offshore sector is a major application area, projected to offer high growth opportunities for zonal isolation industry over the coming seven years. As per the research, offshore application is expected to grow at a CAGR of 7% over the coming timeframe, driven by huge investments in the exploration and production activities carried out offshore. Moreover, zonal isolation market share in onshore sector, will experience a high growth, due to the enormous rise in onshore drilling activities.

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Below are the regional trends influencing zonal isolation industry over 2016-2024

  • Rise in number of shale gas exploration activities along with high requirements for oil & gas is expected to spur Europe zonal isolation market growth over the coming years. UK and Norway are expected to be the major regional revenue contributors.
  • Middle East & Africa zonal isolation market is projected to witness significant gains of 6.53% over 2016-2024, driven by rise in regional drilling rig count. Iran and Saudi Arabia are projected to be the major regional revenue pockets.
  • North America zonal isolation industry will attain maximum growth over the coming seven years, driven by rise in the number of drilling offshore activities along with the discovery of unexplored oil & gas basins/reserves. U.S. is expected to contribute substantially towards the regional share.
  • Zonal isolation industry will obtain optimum growth across the nations such as China, Canada, UAE, Mexico, Russia, and Brazil, driven by the increase in oil & gas exploration and production activities.

Market players will try to enhance their ROI through technological innovations, R&D investments, and strategic alliances. Key industry players include TAM International, Expro International Group Holdings Limited, Schlumberger Limited, Tendeka, FMC Technologies, Baker Hughes, Weatherford International, Halliburton Company, Superior Energy Services, C&J Energy Services Incorporation, and Oilsery.

Author NameDhananjay Punekar