Marine
Four application sectors augmenting pour point depressants market size
U.S. EVA Pour Point Depressants Market Size, 2019 & 2025, (Kilo Tons)
For example, President Trump recently signed two executive orders to speed up construction of pipelines and other projects that will effectively enhance transport of oil and natural gas between not only across states but across international borders as well. Pour point depressants market size is likely to receive a boost from such moves as crude oil is often too thick to be transported with ease over long pipelines.
Crudes and heavy fuel oils, being the mixtures of hydrocarbons that range from paraffins, resins and naphthenes to asphaltenes tend to crystallize when cooled down which lead to sedimentation and eventual blockage of pipelines. To keep crude oils moving through pipelines, pour point depressants have to be added to them, which in turn will lend commendable impetus to pour point depressants market size.
The paragraphs listed underneath elaborate on the application spectrum of PPDs. The rising demand for these products across these verticals is that are expected to enhance the pour point depressants market size over 2019-2025:
Application in crude oil transportation:
To elaborate further on use of PPDs in crude oil transportation, it should be mentioned that 20% of all produced crudes have high wax levels and pour points. Most crude oils have to be transported through pipelines that takes them to refineries, processing plant or storage. Among the various technologies that are deployed to conveniently transport crude oil, use of PPDs has proved to be by far the most economical technology.
With PPD manufacturers working with customers to produce more customized products, the pour point depressants market is expected to gain commendable proceeds over the forthcoming years.
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Application in diesel fuels and heating oils:
Chemical characteristics of diesel fuels and heating oil are as such that they contain lower molecular weight paraffins which can demonstrate different cold flow properties. For instance, diesel cuts sourced from Gas to Liquid or Coal to Liquid procedures have higher pour points when compared to crude distillation sourced diesel.
Local requirements and pipeline specifications also sometimes make PPDs inevitable for diesel fuels. In this context, pour point depressant market players often work to develop tailored PPDs that will also serve to augment pour point depressant market size further.
Application in marine fuels:
New sulfur emissions restrictions levied by various governments and agencies on marine vehicles have prompted ship owners who are unable to install costly exhaust treatment equipment to use hybrid fuels which are developed with a blend of heavy and light fuels. Pour point depressants market size has gained a considerable impetus through the development and use of such fuels as these marine fuels have to be brought to Pour Point specification with the use of PPDs.
Pour point depressants industry players who had observed this marine market trend early on have been observed to have invested heavily in better R&D regarding the development of tailored PPD additives for new types of marine diesel. In consequence, this has added a significant stimulus to the use of such fuel types.
Application in automotive sector:
The automotive industry has long since struggled with the problem of waxy buildup as wax is present in almost all refined lubricating oils. Given that the wax crystalizes at low temperatures, preventing the oils from flowing, original equipment manufacturers have invested in numerous research and development programs to find a solution to this problem.
It has been found that most OEMs have come to rely on modern, high-performance lubricants to control viscosity and prevent wear under operating conditions. Pour point depressants have been instrumental in helping lubricants to achieve such a target and have kept automotive fluids flowing even in cold weather. This has provided a major boost to PPD manufacturers and they have been found to come up with newer portfolios of products lately.
With evolving needs in various industries that utilize petroleum and where free flowing oils is a major requirement, PPDs will always find major application avenues. The World Bank has increased its investment in fossil fuel development, with $21 billion being invested between 2014 and 2018. Though the general trend is to increasingly eliminate focus from use of fossil fuels, such investments prove otherwise. A report by Global Market Insights, Inc., forecasts pour point depressants market size to surpass $935 million by 2025.
Author Name :Paroma Bhattacharya
Vinyl ester market to be driven by the increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket
Vinyl ester market has lately been emerging as one of the most lucrative business spheres in the bulk and specialty chemicals industry owing to the increasing popularity of light weight and high strength polymeric materials over metals. Vinyl ester possesses lot more benefits such as non-corrosivity, chemically inertness, and design stability that has been prompting energy companies, non-metal product manufacturers, and shipbuilding firms to use it in various non-metal formulations.
U.S. vinyl ester market size, by application, 2014 – 2025 (USD Million)
The increasing popularity of green energy alternatives especially wind energy for curbing the carbon footprints is also proliferating the demand for vinyl ester on a large scale. Currently, with the rise in per capita income, most of the industry magnates have been investing in the development of private ferries for traveling through inland waterways. The substantial use of vinyl ester for building strong, lightweight, and comfortable ships will have a considerable influence on vinyl ester market.
Corrosion resistant materials are widely used for manufacturing glass containers, painted steel, stainless steel components, and other varieties of general purpose products. Among those, vinyl ester is generally a more preferred material owing to its capability to stand humid and harsh environmental conditions such as high pressure, high temperature, and highly saline water. Vinyl ester resin is also used to manufacture fiber reinforced plastics (FRP), used as an alternative over exotic metal hybrid products. The material is also used for fabricating industrial equipment and structures including process vessels, pipes, absorption towers, storage tanks, ducts, hoods, and exhaust stacks. Reportedly, in 2017, pipes and tanks held a major proportion of vinyl ester market share.
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As of now, most of the countries have been shifting their focus toward the deployment of renewable energy solutions for fulfilling their energy needs. European nations such as Ireland, Portugal, and Denmark have been heavily investing in wind power for generating electricity at a cheaper rate. In fact in 2016, wind energy accounted for 85% of renewable electricity generation in Ireland. The rapidly expanding wind energy sector across the globe has been having a major impact on vinyl ester market, as most of the structures are manufactured with FRP materials in which vinyl ester resin is used prominently.
The main reason behind the increasing deployment of vinyl ester resin over epoxy resin while manufacturing wind turbine blades is its low infusion viscosity and excellent curing capability. In long wind turbine blades, the use of epoxy resins may lead to a rise in curing time which ultimately decreases the wind blade manufacturing rate. In fact, in order to maximize the productivity of wind turbine blade manufacturing plants, vinyl ester resin is most extensively used, thereby augmenting vinyl ester market size over the years ahead.
Taking into account the future business opportunities in the vinyl ester industry, several chemical manufacturers have been teaming up to launch qualitative vinyl esters. For instance, in August 2018, Aliancys and AOC collaborated to establish a new company involved in the production of vinyl ester resin, polyester resin, gel coats, and other materials required to develop the composite materials. The duo is planning to enhance their customer base by offering excellent prospects and quality products to the end-use companies. This kind of collaborative approach will help companies leverage their regional reach and strengthen their technology expertise effectively.
The strategy adopted by industry contenders to accelerate product innovation and their service portfolio will propel vinyl ester industry trends in the years to come. The extensive use of vinyl ester resin not only in the wind blade manufacturing process but also in the various industrial equipment development is poised to enhance the product demand significantly. For the record, by the end of 2025, vinyl ester market will surpass a revenue collection of USD 1.7 billion.
Author Name : Sunil Hebbalkar
What are some of the essential driving forces for TIC services market outlook?
Growing emphasis on consumer satisfaction and safety has proliferated testing, inspection, and certification (TIC) services market size as governments worldwide have implemented stringent quality regulations on almost every industry vertical. Whether it is construction, automobile, energy, healthcare or other segments, continuous advancement in products and components have necessitated upgraded testing and certification requirements.
What are the factors that will drive TIC services market trends over the forecast period?
Improvements in management, product quality, manufacturing processes, supply chains and service value have become imperative for the growth of any business, imposing the need for TIC services, which would eventually augment the industry outlook. Existence of recognized certifications such as ISO:9001 or ISO/TS 16949 make it easier for customers to search for companies that provide excellent product quality, better customer service and new, innovative solutions.
The global TIC services market share is anticipated to exceed USD 260 billion by 2025, driven by the obligation of companies towards meeting specific product requirements and to comply with international quality standards.
How will transportation application segment help propel the TIC services industry share?
Besides helping to control the quality, effective testing and inspection processes aid in minimizing rejections, reduce manufacturing costs and identify reasons for a defective output. The transportation segment, in general, constitutes a major part of the global manufacturing industry where thousands of components or auto parts go through daily quality checks.
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As governments and international agencies are constantly raising the weight, material and other standards of automobile components to enhance the safety and efficiency of vehicles, the TIC services industry is subsequently gaining massive popularity. OEMs as well as small auto component vendors are striving to achieve high level of quality and get certified, to get documented and provide validity to their proficiencies and expertise.
Frequent inspection and evaluation of manufacturing processes by in-house or third party services to maintain a grip on the quality level will continually boost the TIC services market.
Will the life sciences segment help drive TIC services market outlook?
The TIC services market is rapidly witnessing demand from the healthcare and life sciences segment, with test and inspection reports of pharmaceutical equipment being critical in assessing whether the international standards are met. TIC companies are trying their best to evolve with technological developments and remain up-to-date with new regulations pertaining to safety and quality.
Products, apparatus and supply chains are subject to quality testing activities regularly, as pharmaceutical companies are responsible for providing vital therapeutic solutions. Even other parties involved in the supply chain must go through intense inspection by assigned representatives to be eligible to acquire critical certifications.
Author Name : Pankaj Singh
Carbon fibre composites market to gain massive proceeds via heavy product demand from the aerospace industry over 2017-2024
Carbon fibre composites market is likely to carve out a successful growth path in the years to come, driven by the huge demand for these composites from the aerospace and automotive sectors. Carbon fibre composites are five times stronger than steel but only one third of its weight, making them viable candidates for building any structure that needs to be durable as well as lightweight. These composites are also used in robotics, defense instruments, race cars, aerospace vehicles, sports equipment and any other component that requires low weight combined with speed, thereby augmenting the already vast expanse of carbon fibre composites industry.
U.S. Carbon Fibre Composites Market, By End Use, 2016 & 2024, (USD Million)
The growth in the aerospace domain is directly proportional to the carbon fibre market expansion, given the widespread use of carbon fibre composites in widebody aircrafts that has proven to be rather profitable in terms of revenue generation in commercial flights. In essence, the deployment of these composites has profoundly benefitted the airline manufacturing sector, since using these products in airplane bodies reduces fuel consumption as well as emissions, reduces maintenance costs, extends the lifespan of airplane parts, and brings down assembly and tooling costs. It also adds value to the passenger experience by damping engine noise and by creating favorable cabin atmosphere to prevent dehydration. It is estimated that carbon fibre composites will be used in the manufacturing of around 9,000 widebody aircrafts in the next 20 years, which is a direct growth indicator of carbon fibre composites market in the next few years. The demand for narrow-body aircrafts will also drive the carbon fibre composites industry, while simultaneously contributing toward making air travel more popular and affordable in the emerging economies of Asia and the Middle East.
The notion of reducing weight to achieve better fuel efficiency is expected to propel carbon fibre composites market from the automotive sector. Renowned automotive manufacturers like BMW have promptly taken note of the benefits of using carbon fibre composites in aircraft. BMW has also partnered with Boeing to tap into the latter’s expertise in carbon fibre composites usage and is gearing up to become the largest carbon fibre reinforced plastics manufacturer in the automotive industry. It has been often argued that carbon fibre composites are too expensive to be produced and profitably used in the automotive industry. However, customers fond of high-end automobiles, it is observed, are willing enough to pay for the extended price, that can be mainly attributed to the use of carbon composites in automobiles. In consequence, this would have a commendable impact on carbon fibre composites industry share from the automotive domain. It is also prudent to mention that the use of carbon fibres can reduce the cost of production down the line, thus offsetting the upfront material cost of the raw material, which would prove to further provide an impetus to carbon fibre composites industry size.
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North America and Europe, with their large aerospace and automobile industries will be the key regions massively driving the growth of the overall carbon fibre composites market. While North America is forecast to account for nearly 35% of the carbon fibre composites market share 2024, the presence of reputed automobile manufacturers in Italy and Germany will contribute to Europe carbon fibre composites market growth. Asia Pacific carbon fibre composites market on the other hand, will register a 12% growth over 2017-2024, driven by the fact that major manufacturers and suppliers of carbon fibre composites have their base established across countries like China, Japan and Taiwan.
Fluctuation in prices of raw material has been a major hindrance for the growth of the carbon fibre composite industry, though the expanding supply chain has stabilized the prices of raw materials in recent times. For instance, in 2005 the carbon fibre composites market was dominated only by 3 suppliers. But at present almost 20 competitors are vying for the top position, which affirms the profitable growth path carbon fibre composites industry has traversed until now.
High production cost and lack of recyclable qualities may also be attributed for a slight hindrance in the growth graph of carbon fibre composites market. But high production cost can be offset by the fact that carbon fibre composites are extremely resistant to corrosion related maintenance. For instance, Boeing 777 uses composite floor beams and in the last 10 years, none of the floor beams of the 565 commercial aircrafts required replacements. As the operational benefits of using carbon fibre composites are becoming more and more evident in aerospace, automotive and defense sectors, the growth path of the carbon fibre composites market is certain to depict a positive curve. As per estimates, carbon fibre composites industry size is expected to surpass USD 31 billion by 2024.
Author Name : Paroma Bhattacharya
North America mobile robotics software market to witness remarkable growth over 2017-2024, strategic collaborations to outline the competitive landscape
The spectacular rise of mobile robotics software market has of late become a buzzing subject, with the extensive proliferation of automation in e-commerce and logistics application. The procedures with regard to logistics operation and inventory control have undergone a massive transformation over the recent years with mobile robotics standing as a major trend shaping the business landscape. The latest buzz grabbing all the light is the introduction of a fully automated mobile robot named The Swift brought forth by IAM Robotics, one of the leading giants in mobile robotics software market. As claimed by the manufacturers, this robot offers a complete solution to all kind of warehouse logistic operations owing to its strong portfolio that include IAM flash, SwiftLink fleet management software, and a 3D item scanner. If experts are to be believed, this product is profoundly a breakthrough in the entire mobile robotics software industry space, given the fact that it can be integrated seamlessly into any warehouse operations without any changes in infrastructure.
U.S. Mobile Robotics Software Market Size, By Product, 2013 – 2024 (USD Million)
The escalating demand for efficient and swift delivery in e-commerce and online retail space has prompted robust advancements in autonomous drones and vehicles. In fact, Global Market Insights, Inc., forecasts that unmanned aerial vehicles market will witness a lucrative growth of 19% CAGR over 2016-2023. It is therefore, no surprise, that the growth of unmanned aerial vehicles market will leave a direct impact on mobile robotics software market share in the coming years. In this regard, it is prudent to note that e-commerce giants like Amazon’s and Walmart’s effort for bringing floating warehouses into their business have certainly pushed the overall mobile robotics software market outlook, given the fact that these floating warehouses is claimed to operate both by human intervention and autonomously. In addition to this, the American government support with regards to UAV implementation for civilian purposes has further propelled the regional mobile robotics software industry size.
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Speaking along similar lines, with U.S. at the foray, North America mobile robotics software market is forecast to represent a significant portion of the overall industry, having contributed a lucrative revenue of USD 430 million in 2016. U.S. being one the strongest technology affluent nations, is anticipated to integrate robots in domestic arena even over the coming years, which by extension will impel the regional mobile robotics software market size. As per estimates, North America, down the line of seven years will prove to be a strong participant in global mobile robotics software industry, with an estimated market coverage of 36% of the overall revenue by 2024.
The competitive profiling of mobile robotics software market is rather consolidated with leading giants covering almost 50% of the overall business space. Some of the prominent names include Omron Adept Technologies, Inc., Brain Corp., Universal Robots, and iRobot Corporation. These participants are readily adopting mergers & acquisitions as a major growth strategy to sustain the competition. One such recent instance is the collaboration of Fetch robotics and renowned Robotics technology integrator & distributor, ONExia. With this alliance, both the giants collectively are reported to bring software hardware solutions and logistics expertise in Mid Atlantic belt. Sum and substance, growing investments in mobile warehouse robotics by renowned biggies is certain to provide a significant impetus to mobile robotics software industry size in the coming years, which is projected to exceed a valuation of USD 3.5 billion by 2024.
Author Name : Satarupa De
Global Market Insights Inc. 