Pharmaceuticals

A regional overview of Barite Market: APAC and North America to emerge as prominent investment avenues

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The recent news about Suricate Minerals looking out for hydrothermal barite deposits in North Mauritania depicts the reach of Barite Market across the globe. Mauritania reportedly represents extensive mining investment opportunities, pertaining to the socio-economic and political conditions affiliated with the region. The government has also initiated a favorable mining policy, which is a major factor that may drive the global barite industry. In the milieu of this background, Suricate Minerals has planned to invest USD 4 million for the development of barite, gold, quartz, and lithium projects.

U.S. barite market size, by application, 2013 – 2024 (USD Million)
U.S. barite market size, by application, 2013 - 2024 (USD Million)

Barite is basically a naturally occurring, barium-based mineral, and is found extensively across United States, Morocco, China, and India. Endowed with the properties of chemical inertness and high density, barite finds utilization across a humongous range of applications, across pharmaceuticals, adhesives, oil & drilling, rubber & plastics, paints & coatings, and textiles. Subject to its widespread application terrain, barite market size was pegged at USD 2.2 billion in 2016, and is apparently poised to cross a valuation of USD 4.1 billion by 2024.

It is noteworthy to mention that some of the African countries also serve as major mining grounds for barite, which are heavily imported by the countries across the North America belt. As per surveys, Asia Pacific and North America are expected to be major growth avenues for barite industry. This is obvious from the slew of mining and export activities that are being undertaken in both the regions.

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Barite market trends across North America

Here’s a breakdown of the contributions made by the regional players toward the growth of North America barite industry in the years 2016 and 2017 (until now)

Year – 2016
Companies involved Contribution toward barite market
Schlumberger Texas-based Schlumberger’s M-I Swaco unit had proposed to develop a classic barite resource in Scotland, which had been approved by the local regulatory authority. The initiative aimed to mine 120,000 tons of barite annually.
Voyageur Minerals Ltd. Canada-based Voyageur Minerals Ltd. strengthened its position in regional barite market by executing 3 prime projects for barite exploration project. The firm had then, planned to drill 500,000 tons of industrial grade barite at Frances Creek, undertake drilling beyond 100 m of the mined-out zones at Jubilee Mountain, and perform geological research to mine 20,000 to 50,000 ton of barite at Pedley Mountain.

 

Year – 2017
Companies involved Contribution toward barite market
Honey Badger Exploration Honey Badger Exploration recently announced the acquisition of three essential zinc and barite assets in Quebec, thereby contributing its bit toward the regional barite market growth.
Voyageur Minerals Ltd. Voyageur Minerals Ltd. built a strong portfolio of three wholly-owned BaSO4 (barium sulfate) deposits in British Columbia.
Benz Mining Corp.

Silver Range Resources Ltd.,

Benz Mining Corp. entered into a partnership with Silver Range Resources Ltd., though which the former can buy 100% of the latter’s Mel zinc-lead-barite project, for a valuation of CAD 2.7 million in southeast Yukon.

 

North America barite market size was valued over USD 1 billion in 2016. This comes as no surprise, considering the enormous number of shale gas exploration and oil drilling activities in the area. The region will continue to remain a major contributor of barite industry, with U.S. retaining its paramount position. The continent has also experienced the usage of unconventional energy sources to meet the never-ending demand across the power generation, automotive, and oil & gas sectors, on the grounds of which, analysts claim North America barite market to register a growth rate of 4.5% over 2017-2024.

Barite deposits in North America:

Country Regions
United States Missouri, Tennessee, Georgia, Nevada
Mexico Durango, Hermosillo, Pueblo, and Monterrey
Canada Nova Scotia, Newfoundland, and Yukon Territory

 

One of the major states that has been achieving great heights in barite production is Nevada. Barite production in this state had risen by more than 20% from 2010 to 2013. In 2012, the numbers had increased to more than 740,000 tons from that of around 690,000 tons in 2011. With the continued shale gas boom and the robustly growing oil & drilling industry North America barite industry will carve out a lucrative roadmap over the years ahead.

Barite Market Trends across the Asia Pacific

Here’s a breakdown of the contributions made by the regional players toward the growth of Asia Pacific barite industry in the years 2015, 2016, and 2017 (until now)

 

Year – 2015
Companies involved Contribution toward barite market
AsiaPhos

LY Resources (LYR Group)

AsiaPhos, the mineral resource group had declared the acquisition of LY Resources for USD 36.8 million. The deal aimed to acquire the ownership of 55% of Deyang Fengtai Mining, which held the license for the barite rocks in Sichuan.
Year – 2016
Companies involved Contribution toward barite market
Andhra Pradesh Mineral Development Corp. (APMDC) Andhra Pradesh Mineral Development Corp. had announced the approval of the Indian barite tender that provided the company with exclusive rights to mine and sell barite for a 12-month period. The govt. approval was a major milestone in the development of the regional barite market.
Year – 2017
Companies involved Contribution toward barite market
Thermax

Barite Investment

Thermax recently acquired Denmark-based Barite Investment with a view to establish barite facilities in the region.

 

Asia Pacific barite market is expected to emerge as one of the most lucrative growth avenues for barite market, given that the region has been experiencing a commendable growth across numerous sectors. As per analysts, the continent is anticipated to generate substantial revenue from the sales of white and off-white barite, which is slated to grow at a CAGR of 3% over 2017-2024. This is primarily due to the growing prominence of the paints & coatings sector in the region, since the product is heavily utilized in this industry.

APAC barite market is expected to register a CAGR of 7% over 2017-2024, with India and China at the helm. The substantial shale gas exploration activities in China, say experts, will serve to be one of the major drivers pushing the growth of the regional barite market. Besides, the ever-growing construction, automotive, paints & coatings, and consumer goods will prove to make a marked impact on the growth path of APAC barite industry.

Experts predict that major companies operating in global barite market will make substantial investments toward the global revenue in the future. Having established its footprints across major geographies, barite market is also likely to tap into the areas on lesser potential, especially across Europe. Considering the fact that the mineral is used across numerous sectors, barite market is slated to exhibit an appreciable growth rate over the forthcoming years of 2017-2024.

Author Name : Saipriya Iyer

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White Oil Market to collect maximum revenue via plastic & polymer applications over 2016-2024, APAC to be a major regional contributor

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White Oil Market revenue is projected to observe a massive surge over the next few years, driven by the escalating product popularity in the healthcare, cement, pharmaceuticals, textile, plastic & polymer, food, precision equipment, bakery, wood, and personal care & cosmetics sectors. The product also finds massive utilization in tanks, gears, compressor cylinders, hydraulic equipment, vats, medical equipment, and packaging. Pertaining to the broad application spectrum alone, white oil industry exhibits the competence to flourish over the forthcoming years. As per estimates, white oil industry, which accumulated a revenue of more than USD 1.1 billion in 2015, is anticipated to surpass USD 2 billion by 2024.

U.S. White Oil Market Size, By Application, (USD Million), 2013-2024
U.S. White Oil Market Size, By Application, (USD Million), 2013-2024

The rapid expansion of certain industries such as those of cement, textiles, and farming has brought about an appreciable change in the dynamics of white oil industry in the Asia Pacific region, which accounted for over 60% of the overall industry share in 2015. The introduction of the beneficial government schemes is certain to support the regional growth. For instance, the Indian government launched a Pharma Vision 2020 program to promote developments in the pharmaceutical and medical sectors, a move which is likely to favorably influence the growth of white oil industry across the country. Besides India, Taiwan and China are the other regions that are expected to make considerable contributions toward APAC share.

MEA white oil market is projected to register notable gains of nearly 2.6% over the coming seven years. Intense demand for the product from the end-use sectors such as petroleum and petrochemicals along with its surging application in personal care & cosmetic items will push the revenue. Saudi Arabia and South Africa are likely to be key regional growth drivers.

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High product popularity across food & packaging and healthcare sectors along with a greater urge for refined as well as clean oil will augment the growth of Europe white oil industry. North America white oil industry is projected to expand at a CAGR of over 2.7% over the period of 2016-2024, subject to the introduction of new products specifically in the healthcare sector. The U.S. is predicted to make remarkable contributions toward the regional revenue.

White oil industry size in the personal care & cosmetics sector is projected to experience gains of more than 2.5% during the period from 2016 to 2024. Favorable features such as chemical & biological stability, softness, good emollient effect, and resistance to toxicity & germs will boost the growth.

Food applications are expected to contribute more than USD 68 million towards white oil market revenue by 2024. Rising product application in wrappers, packaging & filling equipment, sugar refining, and the egg-coating will boost the business trends. The thriving animal feed sector will further augment the revenue.

Growing product use in garments, apparels, and fabrics will boost white oil industry size in the textile sector, which is expected to grow at a rate of nearly 2% over the coming timeline. Anti- corrosive features of the product are expected to enhance its use as an anti-rust lubricant in sewing machines, thereby lucratively influencing the business space.

White oil market value in the pharmaceuticals sector is projected to surge at a rate of more than 2.8% over the years ahead. Rising health consciousness among the consumers along with the rising need for laxatives, excipients, and medical ointments are forecast to generate immense growth opportunities for the business.

Plastics & polymers sector, which contributed to more than 50% of the overall white oil market share in 2015, is expected to remarkably influence the business growth. Rising product demand for PVC lubricants, rubbers, extenders, thermoplastic elastomers, and plastic annealing will boost the industry landscape. High usage of the product as mold release agents as well as extrusion aids in the plastic production will also push the revenue.

British Petroleum Plc, Exxon Mobil Corporation, Renkert Oil Incorporation, Sasol Limited, Sinopec Limited, Royal Dutch Shell plc, JXTG Nippon Oil & Energy Corporation, and Seojin Chemical Company Limited are the major players of white oil industry.

Author Name : Dhananjay Punekar

Global xylitol market to surpass the billion-dollar benchmark by 2023, China to be the chief growth avenue

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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)
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

Industrial Air Filtration Market outlook: Europe to lead the regional landscape over 2015 to 2022

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The growing urbanization and industrialization across the globe will generate lucrative opportunities for industrial air filtration market over the coming period of 2015 to 2022. Stringent government norms and growing awareness about air pollution will fuel the industry growth considerably over the coming years. The air filter improves the air quality before its release into the atmosphere, thereby curbing the air pollution to a high extent. According to Global Market Insights, Inc., “Worldwide Industrial Air Filtration market is projected to record a revenue of 7.12 billion by 2022”.

U.S. industrial air filtration market size by product, 2012-2022 (USD Million)

U.S. industrial air filtration market size by product, 2012-2022 (USD Million)

Considering applications, Industrial air filtration industry is divided into metal, power, pharmaceutical, food, and cement sector. The power application accounted 15% of overall market share in 2014 and is expected to show attractive growth rate over the coming years. The growing requirement of air filters in the various units of the nuclear power plants such as power generation, nuclear energy research facilities, and fuel processing installation & waste management will stimulate the industrial air filtration market growth.  The metal application segment will exhibit a lucrative annual growth rate of more than 8.5% over the coming five years, owing to the surging demand from evolving industrialization.

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Dust collectors, baghouse filters, HEPA filters, cartridge collectors & filters, and mist collectors are some of the key products of the industrial air filtration market. Mist collectors registered more than 20% of the total revenue share in 2014 and is anticipated to grow significantly over the coming timeframe, driven by its escalating need across food processing industry. In addition, these filters eliminate coolant mist, oil mist, steam, and fumes in food & beverage manufacturing processes.

Dust collectors industrial air filtration industry size is projected to register an annual growth rate of 8.7% over the coming period of 2015 to 2022, owing to its growing demand because of its significant benefits such as improved worker health & safety, less maintenance, and cheap operating cost.

Taking into account the regional outlook, Europe industrial air filtration market size will collect a revenue of USD 1.9 billion by 2022, owing to the strict government regulations regarding emission control.

U.S. will lead the North America industrial air filtration industry share by surpassing a revenue of USD 1.35 billion in 2022.

Asia Pacific industrial air filtration industry size is predicted to register an annual growth rate of more than 9% over the coming five years, driven by its mounting demand from end-users. Additionally, growing investment in the air filter industry across this region will impact considerably on APAC industrial air filtration industry. India and China will contribute significantly towards the regional growth.

Market players are focusing on market strategies such as mergers & acquisition to grow their business over the coming period of 2015 to 2022. Clarcor, Pall corporation, Camfil, Donaldson, AAF International, Flanders Corporation, SPX Corporation, Cummins Filtration, and Freudenberg Group are some of the key industry participants in the industrial air filtration market.


Author Name
Sunil Hebbalkar

Coenzyme Q10 (CoQ10) market growth is boosted by rising demand for anti-aging creams and dietary supplements

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Overview

Global Coenzyme Q10 (CoQ10) Market size produced $351 million in terms of revenue for 2015 and may register CAGR of more than 10.1%. Strong application overview in cosmetics as well as medical sector in APAC and Europe is projected to promote industry expansion.

The product is extensively used in sunscreen lotion and anti-aging cream preparation to avoid skin damage by free radicals. Growing aging population can propel demand for food supplements and anti-aging creams. All these factors can fuel global coenzyme Q10 (CoQ10) industry trends. Furthermore, growing pollution and rising concerns about ultraviolet radiation effects on skin is projected to promote demand of sunscreen lotion. Product application in treating neurological ailments, kidney failure, periodontal and cancer is projected to propel global coenzyme Q10 (CoQ10) market growth. In addition to this, favorable trends observed in food supplements consumption all across the globe are projected to promote global coenzyme Q10 (CoQ10) market price trends.

Europe Coenzyme Q10 Market size, by application, 2013-2024 (USD Million)

Europe Coenzyme Q10 Market size, by application, 2013-2024 (USD Million)

However, lack of stringent rules in medical therapy can inhibit industry expansion. Tight raw substance supply in form of tryptone, peptone and hexane can affect global coenzyme Q10 (CoQ10) industry price trends.

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Application Overview

Global Coenzyme Q10 (CoQ10) industry is segmented into cosmetic application, pharmaceutical application and food supplement application.

Food supplement segment contributed more than $226 million for 2015. Increasing healthcare awareness due to growing levels of malnourishment is predicted to contribute towards segment growth. Furthermore, consumption of coenzyme Q10 through food supplements enhances blood levels and reinforces antioxidant features that prevents occurrence of major ailments caused due to metabolism problems and cellular oxidative injury.

Pharmaceutical application is predicted to experience gains of more than 9.6% during forecast timeline. Favorable effects on Parkinson and Migraine therapies is predicted to drive demand for coenzyme Q10 in this segment.

Cosmetics application segment is expected to exceed $141 million by end of forecast timeframe. It is expected to growth as the coenzyme Q10 product is utilized in cosmetics like skin moisturizers and anti-wrinkle products as well as sunscreen lotions.

Regional Overview

Global Coenzyme Q10 (CoQ10) market is segmented into various regions like North America, APAC, Europe, Middle East & Africa and Latin America.

North American industry, led by U.S. Coenzyme Q10 (CoQ10) market, produced more than $201 million revenue for 2015. Beverages and personal care items contributed a key share in U.S. industry growth.

APAC, with cosmetic sector expansion in India and China, is projected to record CAGR of more than 10.1%. Rising consciousness about nutritional items coupled with increase in per capita income is projected to boost APAC Coenzyme Q10 (CoQ10) industry growth.

Latin America, with growing cosmetic sector in Mexico and Brazil, is projected to promote industry demand. Growing disposable incomes coupled with favorable indicators for medical therapies is anticipated to promote product demand.

Competitive Overview

Key industry participants profiled in the report include Nisshin Sheifun Group Incorporation, PharmaEssentia, Vitamin Shoppe, Healthy Origins, SourceOne Global Partners LLC, Kaneka Corporation, Hwail Pharmaceutical Company Limited, Vitamin Shoppe Incorporation, Gnosis S.p.A, Tishcon Corporation, ZMC USA and Healthy Directions.

Author NameDhananjay Punekar