Global strontium market to derive exceptional proceeds from medical & dental applications over 2018-2025, APAC to emerge as a crucial revenue pocket
Owing to a widespread application portfolio along with the increase in pyrotechnic activities, the global strontium market has been observing a remarkable growth over the last few years. Numerous research studies have revealed that strontium plays a crucial role in keeping bones healthy. It slows the rate of bone loss, assists in calcium absorption, prevents bone pain, helps in restoring alkaline state, enhances resistance to fracture, regulates bone breakdown, and boosts bone formation. Natural strontium has proved to be helpful in relieving the bone pain in patients with metastatic bone cancer, as per reliable sources.
U.S. Strontium Market Size, By Application, 2014 – 2025 (USD Million)
It has also been found that supplementation with strontium deposits the mineral in the bone lesions, essentially suggesting a possibility of utilizing the element to mineralize areas in which cancer-associated bone loss has occurred. Owing to all the superior properties and benefits mentioned above, strontium is being widely used in medical and dental applications in the recent times. In fact, as per the research report by Global Market Insights, Inc., the medical and dental application segment is slated to account for nearly a tenth of the overall revenue share of the global strontium industry by the end of 2025.
Speaking along similar lines, several biotech and pharmaceutical majors have focused on developing products fortified with strontium chloride to mitigate cancer bone pain in patients suffering from painful skeletal metastases. The biotechnology acceleration development firm Q BioMed Inc., for instance, recently filed a supplemental regulatory application with the U.S. FDA to receive the approval to construct its new production unit, which would develop non-opioid injectable named Strontium Chloride Sr89 Injection USP.
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For the record, FDA has already approved the drug which reduces bone pain in patients suffering from bone metastases. The survival rates of patients with prostate and breast cancers, which are at high risk of developing bone metastases, would witness an uptick owing to the development of superior drugs and injectables such as Strontium Chloride Sr89 Injection USP. This would, in turn, fortify the medical and dental applications segment of the strontium industry in the upcoming years.
Increasing usage of strontium in pyrotechnic across the APAC nations set to boost the valuation of global strontium industry
The increasing usage of firecrackers on festive occasions in Asian nations such as China and India have resulted in strong demand for pyrotechnic operations in this region. In this regard, it would be prudent to mention that the colors of most modern fireworks involve metal chlorides – one of the most prominent being strontium chloride. These pyrotechnic operations are majorly deployed in several entertainment activities along the likes of sports events, concerts, and various ceremonies, essentially boosting the Asia Pacific strontium industry share which is estimated to register an annual growth rate of 6.5 percent over the projected time frame.
While the growth in pyrotechnic activities is on the rise, the usage of synthetic strontium is likely to decrease as stringent government regulations are being implemented to curb pollution across several nations. Moreover, steps are being taken by prominent research organizations to develop eco-friendly firecrackers (devoid of strontium nitrate) to reduce air and noise pollution.
In this context, it would be imperative to take note of the less polluting firecrackers recently developed by CSIR, the premier national R&D organization of India. Needless to mention, the development of green crackers, e-crackers and less polluting firecrackers would diminish the demand for strontium for pyrotechnic activities, essentially limiting the growth prospects of strontium industry in the times to come.
Companies such as Chemalloy Co, NOAH Technologies Corporation, Shenzhou Jiaxin Chemical Co., Prochem Inc., Joyieng Chemical Limited, Canteras Industriales, Química del Estroncio, BassTech International, Solvay, and Sakai Chemical Industry Co., constitute the competitive landscape of strontium market. Driven by strong growth in medical and dental applications segment along with the increasing usage of strontium in pyrotechnic activities, the strontium industry is set to garner substantial proceeds in the years ahead.
Author Name : Saif Ali Bepari
Ethyleneamines market to gain momentum with escalating demand from the pharmaceutical and agrochemical sectors, global industry to be defined by increasing investments by prominent contenders
With expanding global demand for various pharmaceutical, agrochemical, personal care, additives and chelating agents, the ethyleneamines market is expected to witness exponential growth opportunities over 2018-2024. This can be essentilayy credited to the fact that ethyleneamines have emerged as some of the basic ingredients required for the manufacturing of such products. That chemical industry giants like AkzoNobel Specialty Chemicals are heavily investing in the ethyleneamines market speaks volumes for the future growth prospects for the industry.
U.S. Ethylenediamines Market Size, By Application, 2017 & 2024, (Kilo Tons)
In 2017 AkzoNobel developed a technological breakthrough in the production of ethyleneamines and derivatives, a technology that has been hailed as a game changer in the ethyleneamines market. The process made it possible to reduce raw material consumption which in turn has contributed towards lowering production costs and improving environmental performance when compared to the current process of ethyleneamines production.
Considering the fact that ethyleneamines are potent intermediate chemicals involved in the production of epoxy curing agents that are in high demand in the expanding wind turbine fabrication industry and they also act as additives for oil, road materials, and paper, it is easily explicable why leaders in the chemical industry are interested in increasing their investments in the ethyleneamines market. Key chemical industry players such as Dow Chemical Company, BASF, Huntsman Corporation, Delamine etc. have all made substantial investments in the ethyleneamines industry noting the immense potential held by the business.
After the development of the revolutionary procedure for the production of ethyleneamines, recently AkzoNobel started the construction of a prototype plant in Sweden that is meant to demonstrate the more sustainable production procedure of ethyleneamines from ethylene oxide. The facility is being viewed as a further step towards the commercialization of the innovative technology and with the construction underway, AkzoNobel has started to explore options for a world-scale manufacturing facility.
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The ethyleneamines industry is expected to register increasing demand with the rapid expansion of the pharmaceutical industry as ethyleneamines find immense application as a raw material for the production of antidepressants, antimalarials, antibiotics, antihistamines, local anesthetics and muscle relaxants. The global population is estimated to increase by 1.24% each year until 2030, and 28% of the global population will be aged between 65 to 80 which is a significant rise when compared to approximately 22% in 2000. The aging population will necessarily add to the demand of common medications such as painkillers and prescription drugs like antibiotics, in turn adding momentum to the ethyleneamines market.
Besides the pharmaceuticals industry, extensive application of ethyleneamines in the agrochemical industry has added significant impetus to the ethyleneamines market. The expanding population will once again promote the scope for the use of agricultural chemicals which will in turn fuel the ethyleneamines industry as it acts as one of the notable ingredients in pesticides. Indeed, ethylenediamines market size from pesticides is anticipated to surpass $290 million by 2024. Ethylenediamines, a sub-product of ethyleneamines, are used in the production of fungicides for the prevention of mildew, scabs, rust and blight in agricultural products. As the population increases, it becomes imperative to improve agricultural production that would help ethyleneamines market to forge new growth avenues.
Chelating agents also make for a considerable portion of the ethyleneamines market revenue. The size of the diethylenetriamine market is poised to surpass 10 kilo tons by 2024 solely due to the increasing demand of chelating agents. The expanding size of the paper & pulp industry is expected to act as a driving factor for the chelating agents market. Paper-based packaging materials demand observed in the packaging sector will register growth due to the developments in e-commerce and the increasing demand for door step delivery system of perishable goods, home appliances and other products.
The increasing global awareness for the usage of recycled paper products will also have a positive influence on the chelating agents market in the ensuing years. Estimates show that global paper and pulp industry registered more than $500 billion in 2015, a growth rate that is expected to be maintained in the forthcoming years adding impetus to the growth of the chelating agents sector, and inconsequence, impacting the expansion of ethyleneamines market.
The application scope of ethyleneamines is immensely humongous, and the product being used as a building block in several industries will eventually contribute towards the growth of the ethyleneamines market. For the record, ethyleneamines industry size is anticipated to surpass $3 billion by 2024.
Author Name : Paroma Bhattacharya
North America packaging equipment market to accumulate commendable returns by 2024, F&B applications to contribute toward the regional growth
The global packaging equipment market is projected to witness an accelerated growth rate over 2018-2024, primarily driven by the expanding F&B & pharma sectors. Having held a valuation of $38 billion in 2017, packaging equipment market thrives on the changing trends of the food industry that conceptualizes state-of-the-art packaging solutions depending on the shifting consumer preferences. The rising urbanization and improving living standards around the world with the rise in disposable incomes have conjointly led to a surge in the demand for ready-to-eat foods and subsequently, innovative packaging, thereby stimulating packaging equipment market growth.
UK packaging equipment market, by application, 2017 & 2024 (USD Million)
Unveiling North America packaging equipment market trends
According to a report about the food packaging trends by the Packaging Machinery Manufacturers Institute (PMMI) – a trade association that is made up of over 800 North American manufacturers and suppliers, food and beverage would account for more than 55% of the projected share by 2019. The association’s report also estimates that the food packaging market in the U.S. alone would be worth over $31 billion by 2022, thereby reiterating the significance of the food industry in North America. It is rather overt that in the years to come, food & beverage companies will continue to expand their product portfolios as they jostle with each other to capitalize upon the growing middle-class populace and its disposable income. The rising competition is certain to act as a catalyst, prompting food & beverage companies to begin constructing new plants, thereby augmenting the regional packaging equipment market trends.
As per estimates, in 2017, North America held more than 25% of the overall packaging equipment market share and is expected to grow at a robust pace in the years ahead. Being one of the technological nerve centers of the globe, packaging equipment manufacturers in North America have been working to incorporate advanced technologies in these devices so as to automate the components with intelligent features. Eventually, this would lead to lesser human intervention and enable a seamless integration of hardware and software, resulting in manufacturers developing highly accurate and efficient products. This in consequence, along with the rising economic growth of the region, are certain to augment the growth graph of North America packaging equipment market.
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Apart from the F&B applications, global packaging equipment market will be receiving a sizable boost from the pharmaceutical sector as well. The inherent need for pharmaceutical companies to thoroughly and properly package their manufactured medical products to maintain the correct chemical composition will drive the packaging equipment market growth from pharmaceutical applications. The industry has also gradually been influenced by customer feedbacks that often request certain aesthetic features to be added to the medicine’s packaging to help distinguish them from other drugs.
The growth of the pharmaceutical industry across APAC would prove to be one of the most viable driving forces for the regional packaging equipment market. The economies such as India, South Korea, China, and Japan have been increasingly shifting toward the adoption of smart solutions in manufacturing. Furthermore, the continent, as a whole, is driven by a strict regulatory landscape mandating pharma companies to adhere to certain rules, further augmenting the regional packaging equipment market.
The accelerated growth of food, pharma, and numerous other end-use sectors is thus certain to impel the commercialization landscape of the overall packaging equipment industry. While North America will continue to remain one of the most lucrative hubs as far as packaging machinery is concerned, emerging economies across the Asia Pacific are also racing ahead in packaging equipment market. Powered by a strong global manufacturing sector and the subsequent demand for packaging devices, the overall packaging equipment market size is slated to register a CAGR of 3% over 2018-2024.
Author Name :Akshay Kedari
Dipentene market to garner commendable profits from the personal care and F&B industries, APAC to emerge as a lucrative investment ground
With the increased popularity of the attractive fragrance of citrus fruits, especially oranges in personal care products, dipentene market has registered considerable expansion lately. Dipentene or limonene is the colorless liquid hydrocarbon that adds the distinct citric flavor and fragrance in many processed foods, beverages and cosmetic formulations of hygiene and personal care products. Owing to the versatile characteristics of limonene, dipentene market is expected to cater to a widespread range of applications – indeed, the product even finds deployment as an alternative to mainstream pesticides.
U.S. Dipentene Market Size, By End-user, 2013 – 2024 (USD Million)
Limonene market has also been expanding rapidly on the grounds of the fact that the product is an alternate solvent to replace petroleum-based ones in several industrial applications such as paints and coatings where VOC emission and low biodegradability of solvents has become a major cause of concern for the wellbeing of the planet.
Global cosmetics and personal care industry statistics clearly point out that the said industry has been earning record revenue as beauty and self-care to preserve a youthful appearance is becoming one of the chief concerns for consumers all over the world. International beauty product companies that offer superior quality products as compared to local products have gained a commendable portion of the cosmetics and personal care industry in emerging nations as income levels of such nations continue to rise. Since limonene is expansively used in beauty products to add a freshening citrus odor, dipentene market is expected to garner major profits in Asia Pacific where the cosmetic market size is projected to surpass USD 126 billion by 2020 and where multinational companies are rapidly establishing a significant foothold. In fact, Asia Pacific has been forecast to be the fastest growing region in the limonene market over 2018-2024.
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It will be prudent to mention here that dipentene, due to its colorless constitution and fresh, natural fragrance is used in various health care and cosmetic products like suntan products, bath products, cleansers, aftershave lotions, bubble baths, eye shadows, haircare products, lipsticks, perfumes, moisturizers and shampoos.
Rising levels of income is playing a subtler role in the growth of the limonene market as with more disposable income, consumers are opting for more effective ingredients in their products rather than cheaper ones. Manufacturers are therefore touting their products for greater efficiency rather than competitively pricing them which is adding to the enhanced inflow of revenue into the dipentene market. Diversification of distribution channels for cosmetic brands such as online shopping, vending machines, television infomercials, spas and home shopping are adding impetus to cosmetics market and consequently boosting growth of limonene industry.
Dipentene market will diversify its growth avenues beyond the cosmetic industry as research has found that chemicals obtained from orange peel could be utilized as a means of breaking the modern world’s reliance on crude oil by being the building blocks in products ranging from plastics to paracetamol. Due to various adverse environmental effects, global industries had been trying to cut down on their dependence on the chemicals and materials that are obtained from fossil fuels, which are rapidly diminishing. As the world is increasing its focus on the development of renewable chemicals from an assortment of sustainable resources such as sugarcane and fatty acids in the production of biofuels, essential oils obtained from waste citrus peels have rapidly come to the forefront as a source that is being investigated with real zest as limonene shares many similarities with the chemicals obtained from fossil fuels.
Though limonene has been recognized as an important component of a bio-based chemical industry it will take the limonene industry considerable time to become a fully commercial means of plastics or polymer production. Issues hindering limonene market include the lack of reliable and greener supply of limonene. As research and development programs exert appreciable focus in bringing petroleum alternatives to the market, it is expected that dipentene industry will massively profit from such endeavors.
Author Name : Paroma Bhattacharya
Unveiling N-Hexyl alcohol market in terms of the application landscape: rising demand for the chemical as a fuel additive to influence the industry trends over 2017-2024
A major sub-vertical of the specialty chemicals sphere, n-Hexyl alcohol market has established itself as a profitable business space owing to the ever-expanding personal care industry. Given how extensively the product is used across the production of soaps, shampoos, lotions, & creams, the growth of the personal care business is certain to have a highly appreciable impact on n-Hexyl alcohol industry trends. This directly proportional liaison is not confined to a limited set of regions but would be applicable across major geographies. Say for instance, VLCC recently launched a range of personal care and wellness products, the sales of which have been speculated to commendably impact India n-Hexyl alcohol market outlook.
U.S. N-hexyl Alcohol Market Size, By Application, 2013 – 2024 (USD Million)
Besides being used as an antiseptic and preservative in cosmetics, n-Hexyl alcohol market has garnered considerable returns from the use of the chemical in modern packaging industry. Pharmaceutical packaging such as wrapping which includes capsules, tubes, bottles, vials, etc., has proved to be exponentially lucrative for the growth of this industry. Speaking of the pharmaceutical space and the use of wrapping materials, it is worthy to mention that N-Hexyl alcohol is also widely used as a plasticizer precursor for packaging. The product is used in the production of PVC – the basic material for many packaging substances that range from wrappings in the medicine industry to wrappers in the cosmetics sphere.
The F&B sector has established itself as a vital application avenue for N-Hexyl alcohol market, essentially because of the chemical’s deployment in direct food contact packaging material such as food grade wraps and polymer films. Hexanol also finds widespread application as an emulsifying and preserving agent, with the rising demand of alcohol in food flavoring. Indeed, alcohol plays a huge role in the production of baked foods, ice-creams, gelatins and puddings, enlarging the scope of n-Hexyl alcohol market from the food industry.
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Besides the mainstream uses of hexanol, some unconventional uses of the chemical are also coming to attention that have the potential to augment the commercialization scope of n-Hexyl alcohol market, especially in relation to the current drive to achieve sustainability in fuels. An experiment to increase the sustainability of diesel through the addition of hexanol in ethanol diesel has shown that smoke emission can be significantly lowered by a blend of ethanol-hexanol diesel. The resultant blend apparently encompasses more oxygen content, while helping to improve engine performance as well.
The rising levels of nitrogen oxide in urban areas, depletion of petroleum reserves, and smoke emission from diesel engines have led to research programs being conducted to find sustainable fuel for the automotive industry. The blend fuel method, that requires no changes to the diesel engine while effectively combating the problem of GHG emissions, has emerged as a clearly superior method. Quite overtly, the mainstream use of this methodology is certain to revolutionize n-Hexyl alcohol market trends in the ensuing years.
The availability of chemicals that can potentially substitute hexanol like N-decanol, N-octanol, N-undecanol, N-nonanol, etc., can pose as a major threat to the growth of n-Hexyl alcohol market. However, the chemical’s deployment across personal care products is so tremendously vast that the commercialization scope of this industry is certain to expand in the ensuing years. The expansion of the personal care space across the economies of India, China, South Korea and Japan would also significantly impact the overall n-Hexyl alcohol market growth. According to estimates, n-Hexyl alcohol industry size will register a CAGR of 4% over 2017-2024, further strengthening its stance in the billion-dollar business sphere.
Author Name : Paroma Bhattacharya
Aluminum Pigments Market to witness massive gains in Asia Pacific over 2017-2024, Paints & coatings to drive the application landscape
The commercialization potential of Aluminum Pigments Market is quite evident from the growing number of strategic partnerships outlining the competitive terrain. Recently, Nexeo Solutions Inc., a giant in the chemicals & plastic distribution industry has entered into a corporate partnership with Silberline Manufacturing Company Inc., a global supplier of high quality aluminum pigments. As per market experts, this strategic move is expected to strengthen the business position of both the firms in the overall aluminum pigments industry with a better value chain and an expanded product portfolio. Such strategic acquisitions and expansions are quite common in aluminum pigments market to address the increasing product demand from varied end use industries like automotive, construction, and paints & coatings.
U.S. Aluminum Pigments Market size, by end-user, 2013 – 2024 (USD Million)
The latest trend of aesthetically designed customized vehicles with lustrous paints is expected to stimulate aluminum pigments market valuation, which is forecast to exceed USD 580 million by 2024, with a projected CAGR of 6.5% over 2016-2024. In the automotive paints and protective coatings, aluminum pigments are primarily used to improve the appearance of the vehicle. As per statistics, overall paints & coatings is one of the prominent end-use application of aluminum pigments market and accounted for more than 40% of the overall industry share.
Other than the automotive industry, plastic is another prominent end-use segment further catalyzing the growth of aluminum pigment industry. As per the estimates, aluminum pigments market share from plastic applications is projected to record an annual growth rate of 6% over 2017-2024.
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Speaking of the geographical trends, Asia Pacific is one lucrative belt where the aluminum pigments market demand is notably high from automotive applications. Asia Pacific aluminum pigments industry having had a revenue of USD 120 million in 2016, is slated to collect substantial revenue with an annual growth rate of above 7% over the coming seven years. The attributing factor toward the regional growth is the surging use of the printing inks for the advertisements and magazines.
Aluminum pigments are widely used in printing inks to give metallic effect to labels, leather, films, packaging materials, and brochures. The use of leafing grade products gives printing inks a lustrous and brilliant effect. These grades also increase the brightness and impart a glossy finish to the surface, thereby making it applicable to the cosmetics industry. The personal care application segment within aluminum pigments market is anticipated one of the fast-growing segment at a CAGR of 6.5% over 2017-2024. Rising demand for personal care and cosmetics products, particularly in Asia Pacific has fueled aluminum pigment market demand.
On account of the escalating cosmetic sector expansion, North America is further estimated to witness a substantial growth trend in the coming time frame. Global Market Insights, Inc. projects North America aluminum pigments industry to surpass a valuation of USD 130 million by 2024.
In 2016, the industry space was quite consolidated with the top four participants – Altana, Carl Schlenk, Silberline, and Carlfors Brukhaving, having shared more than 30% of the overall business fraternity. The other prominent names in this industry include Toyal America, Inc., Alba Aluminiu, Zhangqiu Metallic Pigment Co., Ltd., Metaflake Ltd., and Sun Chemical.
Author Name : Ojaswita Kutepatil
Global xylitol market to surpass the billion-dollar benchmark by 2023, China to be the chief growth avenue
The escalating scientific and commercial interest in xylitol is making the global xylitol industry an appealing commercialization proposition. The growing health consciousness among people has directly influenced the business landscape of the global xylitol market. Its properties of being used as a low-calorie substitute for traditional sweeteners is assisting its penetration across a myriad range of sectors such as personal care, food, pharmaceuticals, confectionary, and nutraceuticals. In addition, the rising healthcare expenditure, which has been indeed addressed as a global concern is further providing a significant impetus to the overall xylitol industry space. The U.S. is one of the prominent countries facing the healthcare costs burden profoundly. The trends depict that obesity is one of the leading causes of this rising expenditure, being the source of several other ailments such as diabetes, cardiac disorders, physical disabilities, etc. According to WHO, globally over 2.8 million people die from obesity and the consequent ailments on an annual basis.
U.S. Xylitol Market size, by application, 2013-2023 (Kilo Tons)
To combat the rising concerns regarding healthcare expenditure as well as to ensure sound health of the global population base, xylitol market has observed massive gains over the recent years. Xylitol has become a prominent name in the overall polyol industry space and had attained a remarkable revenue of USD 750 million in 2015. Through consumption via medicines and food, xylitol serves as a major solution to the issues related to obesity. This has subsequently enhanced the application portfolio of xylitol industry in the food and pharmaceutical sectors. As per the estimates, xylitol market size from food applications is estimated to register the highest CAGR of 7% over the period of 2016-2023.
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Owing to the medicinal properties, chewing gum applications led the overall landscape with a revenue record of over USD 450 million in 2015. The growth can be credited to the ability of xylitol based chewing gums to prevent dry mouth, tooth decays, and cavity progressions. As per the estimates, xylitol market share from chewing gum applications is estimated to record a CAGR of 6% over the timeframe of 2016-2024. Personal care industry is also one of the prominent contributors toward the overall xylitol market share. This application is poised to witness a substantial growth rate over the coming years, driven by its usage in fluoride tablets, mouthwash, and toothpaste.
The swift economic development and the rapid urbanization is significantly influencing the global landscape of the xylitol industry. Below are the regional trends pertaining to this market:
- The U.S. xylitol industry is expected to surpass a revenue of USD 350 million by 2023. The food applications in this region are likely to drive the product demand with a CAGR of 5.4% over the period of 2016-2023.
- Germany market is estimated to witness substantial growth over the coming seven years having held a revenue of USD 65 million in 2015. Chewing gum application is likely to drive the regional demand.
- China is estimated to be the major avenue for the overall xylitol industry growth over 2016-2023, with a target market size of 25 kilo tons by 2023. The huge regional confectionary base worth USD 9.5 billion is the major factor boosting the market trends.
- France market is estimated to grow at an annual rate of 5.5% over the coming six years, driven by the rising obese and diabetic patient base.
- Brazil personal care application is projected to exceed a revenue margin of USD 1.7 million by 2023.
The industry is consolidated with the top four players- Futaste Pharmaceutical, Danisco (DuPont), Yucheng Lujian Biological Technology Co. Ltd., and Hangzhou Shouxing Biological Technology Co. Ltd. sharing 40% of the overall business space. With a strong production base in China, the region has become a prominent export destination. Pricing is one of the chief parameters ruling the competitive scenario.
Despite the industry growth restraints including- tight raw material (corncob) supply and product substitute threat through the replacement by other sugar polyols such as sorbitol, maltol, and mannitol, the xylitol industry will sustain its valuation in the coming years with the diversified application spectrum across the end-use sectors. Global Market Insights, Inc. estimates the xylitol market to surpass a revenue of USD 1 billion by 2023.
Author Name :Shikha Sinha