Textile and agriculture sectors to contribute considerable proceeds to permethrin market by 2025
Permethrin market outlook is anticipated to depict a robust transformation due to rising incidence of scabies and growing awareness among people regarding treatment of the same. Scabies is one of the pervasive dermatological conditions known for effecting substantial proportion of population with skin disease in developing countries.
U.S. Liquid Form Permethrin Market, By Application, 2018 & 2025, (Tons)
Globally, scabies is estimated to affect more than 200 million people at any time, a factor that will help to augment the revenue share of permethrin. Approximately, 300 million new cases of scabies occur each year in men, women and children of all ages and races. In 2015, it was assessed that the direct impact of scabies infestation on the skin alone led to 0.21% of disability-adjusted life-years (DALYs) from all conditions globally.
In India, during a case study follow up, 81% of inmates of an orphanage in rural area of Maharashtra, were found to be suffering from scabies. All the inmates were successfully treated with mass scabies treatment and health education. An epidemiological study conducted in rural community has reported the prevalence rate of scabies as 13%. The occurrence of scabies in India is common due to lack of awareness of the condition but due to the pharmaceutical usage of the product, permethrin market is expected to witness significant growth in the region.
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Permethrin industry may observe commendable gains due to its pharmaceutical applications on account of its utilization as pediculicide, scabicide, and antiparasitic agent. Permethrin can be applied externally as cream, ointment, powder, and lotion which is likely to boost product demand. Powder form segment of permethrin industry may witness strong gains of 3.5% over 2019-2025.
Trend of wearing fabrics treated with insecticides is growing among armed forces including U.S. and British will promote permethrin market share. Actions to prevent arthropod exposure and mite bites are vital to protect the soldiers from diseases such as West Nile encephalitis (mosquito), mite infection, dengue (mosquito), malaria (mosquito), Lyme disease (tick), and others. For instance, dengue fever affects about 40% of population in the world. Malaria is one of the most common mosquito-borne diseases in the world. Personal protection approaches, like wearing insecticide-treated clothes, can be opted to reduce arthropod and mite bites and can be the first line of defense against vector-borne diseases for armies and population.
Several companies are also toiling to expand their share in permethrin market by launching new products. For instance, in 2018, Neogen added Fly-Die Ultra™ to its line of effective Prozap equine fly protection products with a long-lasting, sweat-proof formula. Fly-Die Ultra guards horses from horn flies, stable flies, house flies, deer flies, horse flies, ticks, face flies, gnats, mosquitoes, and lice including those which transmits the West Nile virus. Such products innovated by the industry players will considerably contribute to support permethrin market trends.
China has played a major role in permethrin industry growth as it has the world’s largest textile sector. The rising exports and domestic demand for high quality apparels in China has efficiently added stimulus to permethrin market share. Permethrin is majorly used to eradicate insects such as silverfish, moths, and carpet beetle that causes textile degradation. In 2015, there were 4,632 enterprises reported in textile sector with assets of CNY 440.805 billion. The 2016-2020 development plan of the textile industry in China emphasizes that a large number of new technologies should be widely applied in energy conservation and consumption reduction. China permethrin market size may exceed $15 million by the end of 2025.
Permethrin is also majorly utilized in agriculture sector as an insecticide to protect wheat crops from insects including brown wheat mite, aphids, army worms, termites, and legume pod borer. In the year 2018, France’s wheat production was noted to reach 36.9 million metric tons. Wheat production in France remains the largest within European Union with 27 percent of total production and wheat yields in France are among the highest in the region. Such a huge yield and production is expected to favor permethrin industry growth. France permethrin market size is forecast to surpass $8.5 million by 2025.
According to the prevalent research, pesticide use has seen a massive increase in the UK over the last 40 years. The pesticide active ingredients applied to three British crops, staples wheat, potatoes and onions, have increased between 6 and 18 times. Far from a 50% cut, increase in active ingredients applied to these crops range from 480% to 1,700% over the last 40-odd years.
With growing usage of insecticides, permethrin will be much in demand to protect crops, especially wheat, from insects and increase production. Global Market Insights, Inc. has compiled a research report which forecasts that permethrin market is likely to surpass a valuation of $200 million by 2025.
Author Name : Anchal Solanki
Rising automobile manufacturing trends to fuel glycol ether market size over 2019-2025
Touted as an essential component across a slew of household and industrial applications, glycol ether market size has increased with concurrent expansion of the chemicals, cosmetics, personal care, paints and pharmaceutical sectors worldwide. As a vast number of products manufactured in these segments are water-based, effective solvents are needed to ensure their stability, shelf life and performance. Supposedly, a variety of product formulations and element combinations would not be possible without the presence of glycol ethers to support their reactions.
U.S. Ethylene Glycol Propyl Ether (EGPE) Market Size, By Application, 2018 & 2025, (Kilo Tons)
Glycol ethers are applicable in the production of electronics and rubber products, while paints and coatings utilized by automotive OEMs represent a vital segment where glycol ether industry share could witness steady expansion in the years to come. Painting of vehicles represents one of the most critical coating applications, with end products ranging from passenger cars and bikes to all kinds of trucks. Basecoats or clearcoats and topcoat enamel finishes are applied by OEMs during assembly using various paint systems, and glycol ether-based solvents are now being preferred due to their high solvency and evaporation rates.
Suitable coatings provide various aesthetic benefits like enhanced shine and color, along with protecting against UV rays which can fade the exterior paint of a vehicle. Considering few other advantages of these solvent-based coatings and the number of vehicles produced each year, glycol ether market is poised to witness steady demand over the coming years. Evolving automotive sector, which is highlighted by increased preference towards more eco-friendly production processes, will further strengthen the industry outlook.
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Asia-Pacific (APAC) region boasts of the largest population base as well as some of the fastest growing economies in the world. Not only has the region produced many leading automakers, but car companies form Europe and North America have also established a significant operational presence in the area. Unsurprisingly, auto manufacturing has provided a major boost to the economic growth and created tremendous opportunities for other business verticals, including glycol ether industry.
Referring to data released by the OICA, in 2018 China, India and Indonesia had manufactured more than 34.3 million vehicles combined, indicating the vast prospects benefiting the supportive industries in the region. Driven by rising disposable incomes and the development of more fuel efficient vehicles, the automobile segment in the region can be expected to grow at a considerable pace, in turn generating increased demand for effective paints and coatings. Subsequently, the segment could lead to augmented consumption of glycol ether solvents in APAC over the forecast period.
China’s state-owned automobile company, SAIC, had confirmed in late 2018 that a new $2.5 billion plant in Shanghai would be built under its joint venture with Volkswagen AG, where the German carmaker’s Audi branded vehicles will be produced. Production at the facility, having a 300,000 annual capacity, is likely to commence from 2020. In addition, SAIC had unveiled recently that it could invest nearly $350 million in India for setting up another manufacturing unit in the country for its MG brand. Similar expansion plans will drive glycol ether market outlook favorably from the paints & coatings segment.
The advent and growing popularity of electric cars (EVs) could reinvigorate glycol ether industry trends, since these vehicles are fast replacing their combustion engine predecessors on assembly lines and on the roads. Accelerated production of EVs globally will simultaneously propel the demand for glycol ether-based solvents to ensure that high-performance and efficient coatings are applied to them, which additionally provide other chemical benefits. For instance, Chinese firm BYD recently signed a deal with an Australian company to build EVs in Adelaide by 2020.
Evidently, a broad application scope and a fast growing automotive sector will significantly foster the consumption of glycol ether based paints and coatings. Globally, glycol ether market size is predicted to exceed $8.5 billion in annual revenues by 2025, outlined by the presence of key industry participants like Exxon Mobil, BASF SE, Dow Chemical, SABIC, Shell and HanNong Chemicals.
Author Name : Pankaj Singh
APAC bleached linter cellulose market to record substantial gains over 2019-2025
Increased product demand from pharmaceutical and textile industries will drive bleached linter cellulose market growth in the forecast years. Bleach linter cellulose is a high viscosity substance made primarily from cotton linters. Compared to wood cellulose, cotton linters offer significant advantages like higher purity, higher brightness, and a lower content of hemi-celluloses. These characteristics make purified linters cellulose an ideal raw material for manufacturing high-quality products like tissue, gazes, high-quality paper for bank notes, nitrocellulose and cellulose ethers.
U.S. Bleach Linter Cellulose Market size, By Application, 2014-2025 (USD Million)
Increasing investments and rapid technological advancements are likely to expand bleached linter cellulose market size over the forecast period. For instance, in 2019, the GRETE project that aims to improve the existing wood-to-textile value chains by developing breakthroughs and increase production of man-made cellulose fibers in Europe was granted EUR 2.6 million by the Bio-based Industries Joint Undertaking (BBI JU). Swiftly growing food industry across developing nations is also anticipated to foster industry trends.
Based on application, it would be apt to state that cellulose ether will accrue a significant proportion od bleached linter cellulose market share over the coming years. Cellulose ethers are often used as viscosifiers, suspending agents, thickeners, binders, protective colloids, film formers, and stabilizers in industries like food, drilling, textile, building, ceramics, detergent, and cosmetics.
Increasing use of cellulose ethers like carboxymethylcellulose (CMC) and methylcellulose (MC) will drive industry outlook. For example, in the construction industry, CMC is used in cement and other building material compositions owing to its hydrophilic and stabilizing properties.
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Supportive government strategies and investments in the construction sector will positively supplement cellulose ether segment in the coming years. For instance, according to European Construction Sector Observatory (ECSO) 2018, the UK government plans to deliver 400,000 affordable housing units by 2020-2021, financed through a new EUR 2.7 billion Housing Infrastructure Fund.
Growing demand for personal care and pharmaceutical products is likely to drive bleached linter cellulose market growth by 2025. In personal care industry, bleached linter cellulose is used to thicken and stabilize cosmetics and improve their moisturizing effects. Cellulose ether, pertaining to its characteristics like high glass transition temperatures, limited crystallinity, high chemical & photochemical stability, solubility, hydrogen bonding capability, and low toxicity is used widely in the pharmaceutical sector. Colored cellulose ether products can also be decolorized or bleached to attain an increased whiteness.
Growing use of cellulose ether in various medicinal drug formulations will accelerate product demand. For instance, methyl cellulose (MC) can be used for thickening, suspending, and achieving emulsion stability of liquid pharmaceuticals, and for film coating materials of low viscosity aqueous solution.
Ethyl cellulose (EC) can be used as the binder of tablets, as film coating material, or as the matrix material for developing various types of matrix sustained-release tablets. With growing application of cellulose ether and ethyl cellulose, bleached linter cellulose market will witness commendable proceeds from the personal care and pharmaceutical sector over the coming years.
Asia-Pacific bleached linter cellulose market is anticipated to record gains of over 3.5% in the forecast period. Availability of low cost raw materials in countries like India and China will supplement industry growth. In addition, surging demand from end-user industries like textile, food, pharmaceutical and personal care due to improving socio-economic trends will expand market size.
According to IBEF, India’s pharmaceutical industry is expected to reach US $55 billion by 2020. Whereas the country’s textiles industry is estimated to reach US$ 250 billion in 2019. With rapid proliferation in such key sectors, the Asia-Pacific bleached linter cellulose market is estimated to witness new growth opportunities over the forecast period.
Bleach linter cellulose is high viscosity cellulose made from cotton linters. Being non-toxic, odorless in nature and easy-absorbent, bleach linter cellulose can effectively be used in industries like food, ceramics, detergent, and cosmetics. Rising product penetration in the textile, personal care and pharmaceutical industries will majorly drive global bleached linter cellulose market growth. Global Market Insights, Inc., estimates bleached linter cellulose market size to reach US $1.3 billion by 2025.
Author Name : Mateen Dalal
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
Rapid expansion of manufacturing sector to increase sodium bicarbonate market share over 2019-2024
Sodium bicarbonate market has recorded increasing returns over the recent years due to expansive use of the compound in manufacturing, food & beverages, agrochemical and various other industries. In the manufacturing sector a massive demand for sodium bicarbonate has been created due to its use as a soft abrasive blasting medium. Expanding demand for convenience foods has created a steady growth scope for sodium bicarbonate industry as well, reshaping the market outlook rapidly.
U.S. Sodium Bicarbonate Market Size, By End-User, 2013 – 2024 (USD Million)
The expanding manufacturing sector has significantly supplemented sodium bicarbonate market trends. According to most recent data, manufacturers have been noted to contribute $2.38 trillion to the U.S. economy in the fourth quarter of 2018. Manufacturers in the U.S. perform 64 percent of all private-sector research and development in the country, bringing forth more innovation than any other sector. R&D in the manufacturing sector has risen from $132.5 billion in 2000 to $252.0 billion in 2017. Such actions not only have profound economic implications but are also slated to help the expansion of sodium bicarbonate market as increased manufacturing activities necessitate the use of the compound for abrasive blasting as well as for cleaning and maintenance of machinery.
Iron and steel manufacturing is one such sector that will contribute considerably in augmenting sodium bicarbonate market size. Granulated soda ash is a high-quality product which is used in the steel sector to eliminate Sulphur from iron ore, smoothen blast furnace operations, and give fluidity to slag during the manufacturing of iron and steel.
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According to the European Steel Association, steel consumption was up 1.3% in 2017 to 159 million tons. Indexed steel use in automotive was up by 3.7%, in construction by 4.8%, in mechanical engineering by 6% and by nearly 7% in tubes. The figures represent a steady growth in consumption of steel. Similar growth patterns are expected to be witnessed by steel manufacturing sector which will also proliferate Europe sodium bicarbonate market share in the coming years. According to a research report compiled by Global Market Insights, Inc., Europe sodium bicarbonate market revenue is expected to exceed $400 million by 2024.
The food industry is yet another major consumer that has added impetus to sodium bicarbonate market growth. Sodium bicarbonate is used as a leavening agent in most baked goods that include quick breads, cookies, cakes, rolls etc. Evolving lifestyles across the globe have left less time for cooking which in turn has added a significant stimulus to the demand for ready mix cakes.
In 2015, $27.46 billion was collected from the retail sale of bread and baked goods in the U.S. Considering the fact that the U.S. is one of the largest consumers of baked products, this trend is expected to hold true in the coming years and lead to significant growth in the sodium bicarbonate market. In fact, food and beverage sector is expected to contribute more than $450 million to sodium bicarbonate industry over the forecast timeline.
Notable participants of the sodium bicarbonate industry are undertaking efforts that will expand their footprint in the market. For instance, Tata Chemicals Europe (TCE) is building the first industrial-scale Carbon Capture and Utilization (CCU) Demonstration Plant in the UK, which will decrease its carbon emissions while ensuring a secure and maintainable supply of carbon dioxide. It is the first one of its kind large-scale CCU project in the UK and also marks itself as world’s first in trapping and refining carbon dioxide from power generation facility emission gases to be utilized as a key raw material to produce high purity sodium bicarbonate. TCE already exports 60% of its sodium bicarbonate to more than 60 countries throughout the globe. Many other companies are also toiling to penetrate sodium bicarbonate market by expanding their business globally.
Another effort to reinforce foundation in sodium bicarbonate industry has been depicted by CIECH Group. CIECH has started a number of initiatives aimed at increasing the efficiency of production in the soda business. The company has invested approximately PLN 40 million in the plant in Inowrocław which will increase its production capacity by 50,000 tons of soda ash per year and reduce the cost of production of baking soda or sodium bicarbonate. Businesses are also implementing collaborations, acquisitions, market flotations etc. as a part of their growth strategies to increase their revenue share in sodium bicarbonate industry.
Various companies are toiling to gain substantial revenues in sodium bicarbonate market as the compound is a high margin product targeted that can target various industrial segments. The growth of contributing sectors like iron and steel, food and beverage, glass etc. will also push the revenue graph of sodium bicarbonate industry. Sodium bicarbonate market size is expected to reach $2 billion by 2024.
Author Name : Anchal Solanki