Global refinery catalyst market to benefit from increased oil refining capacity in developing nations, government mandates for greener fuel to drive the industry progression
Increasing demand for reformulated gasoline has played a significant role in strengthening the refinery catalyst market, with stringent emission control regulations and environmental laws being implemented. Blended on the chemical level to burn more cleanly and efficiently than conventional fuels, reformulated gasoline is attributed with the benefit of reducing toxic pollutants and smog-formation in our air. The refinery catalyst industry is gradually aligning with the increased petroleum production resulting from the resurgence of oil & gas industry, in the process of stabilizing after a tremendous downfall earlier in the decade. With an attempt by major refineries worldwide to comply with fuel standards, achieve operational efficiency and enhance the fuel output with minimum emissions, the refinery catalyst market can soon be expected to achieve escalated consumption rates.
China Refinery Catalyst Market Size, by Type, 2014 – 2025 (USD Million)
A key incentive towards the growth of the refinery catalyst industry is a global population that is multiplying exponentially, impelling the fuel demand for use in transportation & industrial power generation. Reportedly, the transportation sector, comprising of automobile, aviation and marine is responsible for more than 60% of the total fuel utilization. Considering the prediction by the United Nations that indicates reaching a global population of over 9.8 billion by the year 2050, one can only surmise the amount of resources that will be required to support the extensive energy needs of the future. With China and India being the most populated nations, the Asia-Pacific refinery catalyst market apportioned for over 30% of the overall industry owing to the cumulative reformulated fuel consumption. As these two countries are expected to remain the top two inhabited nations going forward as well and are introducing tighter legislations to curb emissions, the Asia-Pacific belt is slated to contribute enormously to the refinery catalyst market.
In an example showcasing the potential of Asian refining catalyst industry, ExxonMobil recently announced about its discussions regarding a multi-billion dollar expansion of its clean fuel outputs at the Singapore refinery. The Singapore complex is one of Exxon’s largest production site for fuel, lubricants and chemicals and the project is aimed at increasing its output of fuels that comply with the International Maritime Organization’s global sulphur limit. The venture demonstrates the outlook of international oil & gas corporations towards the promising Asia-Pacific market, giving a thrust to the refinery catalyst industry in the region.
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Another instance that envisions a growing refinery catalyst market is the cooperative venture between Indian Oil Company and Saudi Aramco, recently joined by the Abu Dhabi National Oil Company (ADNOC) which will buy 50% of Aramco’s share in the venture. The project is aimed at building a USD 44 billion refinery and petrochemical complex in the coastal city of Ratnagiri, India. The refinery is a part of the country’s target to achieve a refining capacity of over 9 million barrels by the end of 2030. Similar expansions can be observed across other Asian countries, where oil companies are working to cater the pumped up demand for fuel and also adhere to the environmental mandates, boosting the worldwide refinery catalyst market.
The expansion of refining capacity is anticipated to be at a faster pace in developing countries than in developed countries, as more efforts are being made by them to tap into available resources within their territories. According to the Kazakhstan government, the nation is planning to export surplus gasoline product to Asia and other nearby regions. Besides, the Shymkent Oil Refinery will have a fluid catalytic cracking unit installed by September to support the high octane gasoline productions, along with modernization at other oil plants. Needless to say, with smaller nations taking big leaps towards producing low-emission high-throughput fuel, the refinery catalyst market will be characterized by a renewed dynamism in the coming years.
As evident, the prospects of the refinery catalyst industry largely depend on the oil producing and refining capacity of regions, which explains why North America held the prominent 40% of the global share in 2017. Specifically, the U.S. is reported to have the highest refining capacity in the world with an ability to produce 18.5 million barrels per day.
The global refinery catalyst market is bursting with several corporations and oil services companies that enable the enrichment of crude oil or petroleum, with innovations to better the existing technologies being made. For instance, BASF catalysts declared the commercial launch of an evolved catalytic cracking catalyst, Boroflex, designed to optimize the bottoms upgrading and distillation yield of refineries. Owing to such developments in the field of refining processes and stricter norms to be implemented by government organizations, the refinery catalyst market is estimated to witness a CAGR of 3% from 2018 to 2025.
Author Name : Pankaj Singh
This entry was posted in Bulk & Specialty Chemicals and tagged Alkylation, Chemical Compound, Fluid Catalytic Cracking, Global Refinery Catalyst Market, Hydrocracking, Hydroprocessing, Hydrotreating, Isomerization, Metal, Refinery Catalyst Market, Refinery Catalyst Market Share, Refinery Catalyst Market Size, Refining Catalyst Market, Reforming, Zeolite.
Aviation sector to boost thermal spray coating market over 2017-2024, stringent regulatory framework to encourage innovative product development
In recent times, it has been observed that most of the leading players in thermal spray coating market have been constantly striving to transform the business vertical by means of bringing forth a plethora of innovative spraying systems. These firms have also been looking forward to developing sustainable spraying solutions considering the adverse effect of conventional coatings material on the environment. In this regard, in 2008, the EPA deployed new air pollution regulation rules, which have been applied for the existing thermal spraying processes that emit Hazardous Air Pollutants (HAP). Prominent HAP elements comprise manganese, lead, chromium, cadmium, and nickel. The EPA has also framed the National Emission Standards for Hazardous Air Pollutants (NESHAP) to implement regulatory compliances over the use of HPA emitting spraying process. In order to comply with such regulatory norms, many shipbuilding and refurbishment companies are continuously adopting sustainable and eco-friendly coating technologies, which would have a massive impact on thermal spray coating industry trends over the years ahead.
U.S. Thermal Spray Coating Market, By End-Use Industry, 2013-2024, (USD Million)
It is rather overt that myriad thermal spray coating market giants have been investing considerably in facility expansions in order to capture more business space. For instance, a joint venture of a leading player in thermal spray coating market, Praxair Surface Technologies and GE Aviation, PG Technology has recently decided to expand its coating facility plant based in Singapore considering the growing requirement of the product across the enormously intensifying aerospace sector. At this new facility plant, the company plans to double the electron beam physical vapor deposition coating capacity and install other important aviation-related coating processes. The facility is likely to become operational by 2019. PG Technologies’ move has been projected to increase the competitiveness across Singapore thermal spray coating market. Indeed, this investment in the capacity expansion will also help other Singapore based small scale companies to enhance their capabilities.
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Jet engine manufacturers and companies in aviation sectors are looking forward to implementing next-generation coating technologies in order to enhance the capability of jet engines to withstand high stress and temperatures, which would propel thermal spray coating market outlook. Moreover, the versatility of thermal spraying technology, owing to which it can be used for any type of material including plastic, metal, and ceramic, is one the major benefits that can be credited for its rising preference. In order to maintain the cost-effectiveness and quality of coatings, leading aerospace companies have been signing long-term partnership agreements with pivotal participants in thermal spray coating industry. For instance, a year before, Praxair Surface Technologies, one of the notable thermal spray coating market firms, signed a 10-year contract with the well-known aero engine manufacturer, Rolls Royce. Praxair Surface Technologies’ humongous expertise in coating operations will help Rolls Royce improve its engine efficiency and lifecycle. Thus, pertaining to the surging requirement of spray coatings in the aviation sector, in 2016, aerospace and defense held a revenue of USD 2.5 billion in thermal spray coating industry share.
With the increasing adoption rate of thermal spray coating technologies, several contributors in thermal spray coating market are focusing on the development of innovative and advanced coating technologies incorporated with the benefits of less energy consumption, lesser downtime, improved productivity, high quality products, extended shelf life of products, and lower operating costs. Indeed, in the ensuing years, the growing demand for next-generation engines and high-quality components is slated to generate lucrative opportunities for giants in thermal spray coating industry, that would eventually impact the revenue generation of this business space.
Author Name : Sunil Hebbalkar
This entry was posted in Bulk & Specialty Chemicals and tagged Alumina, Aluminum, Ceramics, Chromia, Cold Spray, Combustion Flame, Detonation, Electrical Energy, Fe-Al, High Velocity, Intermetallic, Low Velocity, Material, Metal, Molybdenum, Ni-Al, Ni-Ti, Nickel, Plasma Spraying, Polyester, polyethylene, polymer, Polytetrafluoroethylene, Stainless Steel, Thermal Spray Coating Market, Ti-Al, Titania, Titanium, Tribological Materials, Two-Wire Electric Arc Spraying, Yttria, Zirconia.
APAC Laser Materials Market to contribute significantly toward the global share, communication sector to drive the application landscape
Considering the increasing proliferation of laser technologies in medical space, Laser Materials Market demand is undoubtedly set to grow substantially in the forthcoming years. Technological interventions have not only influenced laser materials portfolio but also have widened the application scope of the market. An exemplary transformation in the therapeutic model in terms of medical facilities has acted in favor of the business growth. For instance, shifting trend toward replacing non-laser technologies across various domains that include oncology, neurology, and dentistry has been immensely catapulting the market expansion over the years. Speaking of healthcare, laser technology has already gained a momentum in this space and with technological advancements, it is anticipated to unfold a series of new opportunities, leaving a subsequent impact on laser materials market.
Europe Laser Materials Market Size, By Application, 2013 – 2024 (USD Mn)
Estimates depict, the industry will exceed a valuation of USD 1.7 billion by the end of 2024, with a projected CAGR of 5.5% over 2017-2024. Plastic technology is the latest thriving trend in laser materials market that is opening new avenues for the investors. With the continuous evolution of polymers and composite materials configuration, the technology is likely to penetrate deeper into the business. On that note, it is important to consider the unprecedented efforts the instrument manufacturers are taking in reducing the complexity of these devices, which again will prove to be favorable for laser materials industry outlook.
With digital disruptions globally, the volume of data has been exponentially increasing across various industries. Communication sector is one of the profound spaces witnessing the proliferating penetration of laser materials. Communication applications procured one-third of laser materials industry share in 2016. Military applications have been also gaining a traction lately. High demand for lightweight cost-effective armaments has resulted in the utilization of laser materials in this domain. Key market players are also investing in research activities to extend the product portfolio to win a competitive edge in the global landscape.
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Geographically, Asia Pacific is one of the significant regions partaking in the laser materials market. The expanded manufacturing base along with upgraded healthcare infrastructure are the prime factors driving the regional market. China, Taiwan, India, And South Korea are the major countries contributing substantially toward the regional share. Increasing population in APAC is also a vital factor enhancing laser material market dynamics. With a significant contribution toward the overall revenue in 2016, APAC will continue to be a strong participant in the global laser materials market in the years ahead.
North America laser materials market is also anticipated to chalk a lucrative growth path, subject to the region’s progressive military terrain particularly in the U.S. The country receives a huge amount of funding every year for laser weapons. With U.S. as a forerunner, North America laser materials industry in the coming seven years is slated to carve a profitable road map.
Laser technology undoubtedly is one of the most commendable innovations of the twentieth century. With a broader spectrum of application across the healthcare, military, and communication, laser materials market penetration has generated a remarkable momentum. Reduced material prices coupled with their reliability and enhanced lifespan are further pushing the laser materials market demand. Prominent industry participants include Asahi Glass Co., Ltd, Morgan Advanced Materials, BASF SE, Dow Chemical Company, GrafTech International, Taishan Fiberglass inc., CeramTec GmbH, Sinopec Shanghai Petrochemical Co., Ltd, Murata Manufacturing Co., Ltd., Anglo American plc., Mitsubishi Chemical Holdings Corp., Norilsk Nickel, Evonik Industries, Universal Laser Systems, Inc., and Corning Inc.
Author Name : Satarupa De
This entry was posted in Polymers and Advanced Materials and tagged Ceramic, Communication, Glass, Instrumentation & Sensors, Laser Materials, Laser Materials Market, Laser Materials Market Analysis, Laser Materials Market Forecast, Laser Materials Market Growth, Laser Materials Market Outlook, Laser Materials Market PDF, Laser Materials Market Price, Laser Materials Market Report, Laser Materials Market Share, Laser Materials Market Size, Laser Materials Market Trends, Laser Materials Market Update, Lithography, Materials Processing, Medical & Aesthetic, Metal, Optical Storage, plastic, R&D & Military.
UK electrostatic precipitator market to observe a notable growth rate over 2016-2024, rising implementation of power projects to spur the regional industry
The global aim to control pollutant emissions occurring due to the rapid industrialization will tend to electrostatic precipitator market gaining considerable traction in the years to come. Leading providers of electrostatic precipitators are constantly attempting to improvise on the product offering to combat the rising carbon footprints in the atmosphere. For instance, recently GE Power India received a contract worth more than USD 2.37 billion from GE Power AG, to supply electrostatic precipitator components and CFB boiler of capacity 150 MW. Strict government directives imposed on industries to control the pollutant emission levels will act as a major driver for global electrostatic precipitator industry.
High consumer spending capacity in the emerging economies is likely to boost the growth of the construction and infrastructural sector in the region, which in turn will fuel electrostatic precipitator market. The high demand for uninterrupted power supply has led to the implementation of myriad power projects. However, the growing awareness regarding the harmful inhalation of Sulphur trioxide and other pollutants has also prompted power companies to look out for measures to control these emissions, which will drive electrostatic precipitator industry trends. Global Market Insights, Inc., states that electrostatic precipitator market size is slated to surpass USD 8 billion, growing at a y-o-y rate of 5% over 2016-2024.
U.S. Electrostatic Precipitators (ESP) Market Size, by application 2013-2024 (USD Million)
Developing economies such as India and China are powerhouses for the growth of the construction and industrial sectors. This in itself is a strong driver for APAC electrostatic precipitator industry. Speaking of APAC, China held 3% of the regional share in 2015 and is anticipated to grow significantly over the period of 2016-2024, primarily driven by the rising implementation of coal fired power plant projects. To fulfill the demand for power supply, China plans to increase its electricity manufacturing capacity by 19% over the coming five years, which will claim the establishment of more power plants. This in turn, will stimulate the demand for precipitators, thereby fueling China electrostatic precipitator market.
Chile has begun to endorse mining activities for the development of the regional metal industry, which prompts the usage of electrostatic precipitators to absorb dust particles and metal shrapnel. Having held a value of over USD 30 million in 2015, Chile electrostatic precipitator market is expected to grow steadily over 2016-2024.
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With a contribution of more than 60% toward the regional share to boast of, U.S. electrostatic precipitator industry is projected to observe a reasonable growth over the years. The key factors that will account for this growth include the existence of strong market players in the region and the high demand for renovation projects.
Prime participants of electrostatic precipitator industry include Fujian Longking Co., Ltd., Mitsubishi Heavy Industries Mechatronics Systems, Siemens AG, GEECO Enercon Pvt. Ltd, Total Air Pollution Control Pvt. Ltd., Blacke-Durr GmbH, Trion Inc., Babcock & Wilcox Enterprises, Ducon Technologies Inc., Clean Tunnel Air International AS, Thermax Ltd., and Hamon Corporation. These companies aim to efficiently control the rising pollution levels by improving the product standards.
With reference to the products, electrostatic precipitators are mainly bifurcated as wet and dry. As the name implies, wet products are utilized to draw out wet, sticky, and highly flammable particles. These products make use of electrostatic forces to remove arsenic and lead particles, VOCs, or Sulphur trioxide fumes. With a filtering potential of 90%, wet products are applied in the textile, paper, and cement industries, owing to which electrostatic precipitator market from cement applications will observe a CAGR of 4% over 2016-2024.
Dry electrostatic precipitator industry was valued at USD 4 billion in 2015. These products filter out dry pollutants with more than 99% efficiency and possess the benefits of low cost and reduced maintenance. Increased usage of dry products in power plants and metal industries will spur dry electrostatic precipitator market, set to observe a CAGR of 5% over 2016-2024.
Global power demand is anticipated to increase by 45% by 2040. Growing demand for electricity and the subsequent installation of power plants will propel electrostatic precipitator industry from power plant applications, set to grow considerably from 2016-2024, with an initial valuation of USD 1 billion in 2015.
The ever-rising requirement for petroleum products such as LPG, asphalt, and diesel will push electrostatic precipitator market from chemical & petrochemical applications, which contributed to 20% of the overall share in 2015.
With the governments across the globe working in tandem to eliminate harmful pollutant emissions, global electrostatic industry is bound to witness an upsurge. Constant efforts by market players to introduce efficient ESPs will also change the market dynamics over the coming seven years.
Author Name :Saipriya Iyer
This entry was posted in Sustainable & Smart Technologies and tagged Cement, Chemicals And Petrochemicals, Dry Electrostatic Precipitator Market, Electrostatic Precipitator Market, Electrostatic Precipitator Market Research, Electrostatic Precipitator Market Size, ESP Market, Global Electrostatic Precipitator Market, Manufacturing, Metal, Power Plants, Wet Electrostatic Precipitator Market.
Rising old age population prone to physical injuries and facial fractures to drive craniomaxillofacial devices market demand
Craniomaxillofacial Devices Market size was evaluated at $1.15 billion for 2015 registering more than 6.81% of CAGR during forecast timeframe. Growing occurrence of facial fractures and sport injuries along with increasing demand for minimally invasive surgical operations like jaw replacement and facial reconstruction has contributed to industry growth.
Minimally invasive surgical operations are more preferred as they provide minimal recovery period, less trauma, minimum incision in human system and less occurrence of risks & complications. Increasing old age population more prone to risks of facial fractures as well as physical injuries is also predicted to make substantial contribution towards industry growth.
Launching of new techniques like utilization of robotic to help Craniomaxillofacial (CMF) surgery and use of bioabsorbable implant for fixing cranial are few of the aspects promoting industry growth during forecast timeline.
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The industry is segmented into various materials like ceramic materials, bioabsorbable materials and metals. Bioabsorbable materials utilized in CMF methods are copolymers and polymers which include biosorb PDX,biosorb FX and Poly Lactic-co-Glycolic Acid(PLGA).
Metals used in producing CMF implants are chromium, stainless steel, brass silver, vitalium and copper.
Global industry is segmented into different products like temporomandibular joint, cranial flap fixation, MF (Metal Fixation) plate & screw fixation, CMF distraction and bone graft replacement.
Cranial flap is used in skull replacement surgical operation and comprise superior & inferior disk and connecting rod. CMF distraction is utilized in methods like oncology, trauma reconstruction and orthagnathic surgical operation.
MF plate & screw fixation segment led the global craniomaxillofacial devices market share for 2015 by contributing more than $831 million. Growing craniomaxillofacial surgical operations owing to rising old age population and increasing demand for technologically modernized minimally invasive instruments are the factors predicted to push the growth of the segment.
Temporomandibular joint replacement segment is predicted to register 11.2% CAGR which is maximum across forecast timeline. The reason for the growth of the segment being growing amount of cosmetic surgical operations like jaw replacement and chin augmentation taking place globally.
ENT (Ear, Nose & Throat) and neurosurgery are the key application areas of the global industry. They are predicted to surpass $701 million mark by end of forecast timeframe. Growing amount of surgeries for treating trauma along with acceptance of deep brain stimulation methods are few of the aspects contributing to the growth of these applications.
Launch of surgical technique of navigation for ENT methods is further predicted to propel craniomaxillofacial market growth during forecast period.
The industry is segmented into key geographical regions like Latin America, MEA, North America, APAC and Europe.
North America craniomaxillofacial devices market has led the global industry and is predicted to surpass $1.1 billion mark by end of forecast timeframe. Growing occurrence of facial defects and fractures owing to rapid urbanization are key factors driving industry growth in the region during forecast timeframe.
APAC industry is predicted to experience more than 8.81% revenue expansion during forecast timeframe. Countries like India, Japan and China are expected to contribute major revenue share of the industry. Further, presence of large old age population, high occurrence rate of orthopedic ailment and growing demand for minimally invasive surgical operation along with emerging healthcare infrastructure are few of the factors adding to the regional industry expansion.
Latin American industry was evaluated at $ 25.31 million for 2015 and is predicted to register more than 7.61% CAGR during forecast timeframe.
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Key industry participants profiled in the report include Stryker Corporation, W. L. Gore & Associates Incorporation, Integra LifeSciences, Medartis AG, Zimmer-Biomet Incorporation, Johnson & Johnson ,Medtronic Plc, TMJ Concepts, OsteoMed L.P., Kanghui Medical Innovation Company Limited, KLS Martin L.P. and Aesculap Implant Systems.
These industry participants compete with each other to retain leading position in the industry and gain maximum industry share.
This entry was posted in Healthcare & Medical Devices and tagged Bioabsorbable Implants, Bioabsorbable Material, Bone Graft Substitute, Ceramic, CMF Distraction, Cranial Flap Fixation, Cranial Reconstructive Surgery, Craniomaxillofacial Devices Market, Craniomaxillofacial Devices Market Revenue, Craniomaxillofacial Devices Market Size, ENT, Global Craniomaxillofacial Devices Market, Joint Replacement, Metal, MF Plate, Neurosurgery, Orthognathic and Dental Surgery, Plastic Surgery, Screw Fixation, Temporomandibular Joint Replacement, Thorasic Fixation.