Driven by escalating demands for synthetic antioxidants across global food and cosmetics sectors, the global butylated hydroxytoluene market is currently on the verge of witnessing an appreciable amount of growth in forthcoming years. Increasing investment in the food and personal care products manufacturing industry will impel the market trends.
U.S. Butylated Hydroxytoluene Market Size, By Application, 2018 & 2025, (Kilo Tons)
Butylated hydroxytoluene (BHT) is a compound that impedes autoxidation of any unsaturated organic compounds, furthering their shelf lives be a substantial margin. Owing to these properties BHT is commonly used as a preservative to prevent oxidation as well as free radical formation.
In U.S., Food and Drug Administration categorized BHT among Generally Recognized as Safe (GRAS) additives, which permits the compound its widescale adoption across the food processing industry. Attributing to the GRAS tag, today BHT is utilized as a preservative across a wide variety of foods, including preserved meat products, and chips. In this, regard, growing preference for BHT as additive and food preservative is slated to accelerate product demand across U.S.
Nowadays, owing to the hectic work schedules, people have been preferring packaged food. This trend, subsequently, is turning the working population towards processed food products as they are readily available across supermarkets and do not require cooking or any other preparations to be consumed. Such a growing trend is expected to become a major growth driving factor for the food-grade preservatives industry and by extension, butylated hydroxytoluene (BHT) market.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/3217
According to the Food and Agriculture Organization of the United Nations, the antioxidant properties of BHT also give it an entry into the global animal feed industry. BHT, among others, is commonly used across the animal feed sector to prevent oxidation of feeds as well as feedstuffs.
BHT prevents the rancidity of fats contained in the feedstocks while also inhibiting the destruction of amino acids, vitamin E, D, and A; ensuring that animal feeds maintain their nutritional value. These capabilities have allowed BHT to draw in revenues from the commercial fish food sector over the last two decades.
Moreover, BHT is currently considered as the most efficacious antioxidant utilized across the animal feed industry, which would enable the BHT market to bring in further revenue growth from the animal feeds segment over the forecast timeframe.
In addition to food industry, rising BHT usage in the cosmetic industry has also strengthened butylated hydroxytoluene industry outlook. BHT boasts of a widescale adoption across the global cosmetics industry as an antioxidant and preservative that allows cosmetic products significantly longer shelf lives. Escalating demand for skincare products is projected to majorly drive adoption of BHT in the cosmetics industry.
According to the 2018 L’Oréal annual report, the skincare segment has consistently showcased distinguished growth as compared to other beauty products, frequently outperforming them by a sizable margin. For instance, the L’Oréal annual report highlighted that the skincare segment grew by approximately 9% in 2018 with North American (20%) and Asia Pacific (55%) accounting for a majority of the industry’s share.
Changing climate conditions brought on by global warming is factored in as a prominent growth provider for skin care products. The rapid expansion of upper middle classes across the world, specifically Asia, are some other factors fostering cosmetics industry expansion and the BHT industry share in turn.
All in all, attributing to the integral role it plays across the aforementioned high-revenue industries, BHT is expected to witness further demand as a preservative and an antioxidant. In fact, according to a Global Market Insights, Inc., research report, the butylated hydroxytoluene market size is slated to surpass an overall valuation of $380 million by 2025.
Author Name : Akshay Kedari
In the past few years, lithopone market has observed remarkable growth, primarily fueled by the growing investments in the paint, leather, paper, and cosmetic industries. The proliferating industrialization and globalization trends worldwide will further help prominent companies strengthen their consumer base. In addition to this, heavy investment in infrastructural development projects and the automotive industry will also drive the product demand over the coming years.
U.S. Lithopone 28% Market Size, By Application, 2018 & 2025, (Kilo Tons)
Leather is one of the most widely traded commodities across the globe. The leather industry is mainly driven by the increasing consumption of leather for footwear, interior design industries, and furniture. Owing to the sufficient availability of raw material along with huge population of cattle, India has emerged as one of the lucrative business destinations for leather trade globally. For instance, recently, it had been announced that the Punjab state government has been hoping to sign multiple agreements with French companies pertaining to various sectors, including leather industry. The substantial growth in synthetic leather market will have notable impact on lithopone industry share.
Environment concerns about the hazards caused to biodiversity due to extensive use of chemicals in the aforementioned industries have augmented the use of lithopone in leather, paint, and ink industries prominently. Before the development of lithopone, lead carbonate had been used as a pigment agent for various industrial applications, but due to its poor weathering, and toxic nature, lithopone is now preferred as an alternative. Shifting focus of regulatory bodies toward the deployment of stringent norms to reduce the impact of hazardous chemicals on the environment is slated to generate lucrative opportunities for lithopone manufacturers over the years ahead.
In the last few years, due to rapid urbanization and industrialization, soil pollution level has increased tremendously. The increasing use of plastic products and polythene bags are the prominent factors accelerating environmental hazards. In this regard, several countries have started framing laws for banning the use of plastic bags. As an alternative to the harmful plastic products, most of the companies have shifted their focus to manufacture paper bags, which would augment industry growth.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3518
As per the United Nations Environmental Program (UNEP), plastic packaging covers around half of all the plastic waste worldwide. The steps undertaken by regulators to control single-use plastic is likely to enhance requirement of lithopone in paper and pulp industry. According to Global Market Insights, Inc., lithopone industry share from paper and pulp application is estimated to surpass a revenue of USD 25 million by the end of 2025.
Countries like China have now banned the distribution of plastic bags, though the country has become one of the largest paper and paperboard producers and consumers. However, despite this, China has been importing raw material required across the paper making industry from the countries like UK, US, and Japan. In addition, now, China has become a hub for automotive manufacturers, that have been fueling the demand for paint, leather, and paper. Thus, it would be possible that China lithopone market thrives successfully over the years ahead.
It is to be noted that the exponentially growing automotive industry is one of the major consumers of leather, paints and coatings. The surge in the investment across automotive sector to meet consumers’ requirement for several variants of vehicles comprising electric, hybrid, duel color will improve the industry trends noticeably. In line with the expanding automotive paints and coatings market size, lithopone market will also observe a remarkable rise in its revenue share.
Government policies deployed to maintain social and environmental health hazards will turn out be lucrative opportunity generators for lithopone manufacturers. Increasing awareness among the people about negative impact of plastic waste will further enhance the demand for lithopone over forecast years.
The involvement of international regulatory bodies like UNEP along with improved consumer living standards will majorly promote the use of lithopone for various applications. The global lithopone industry outlook, in the years to come, will be characterized by the impact of environment projects, transforming automotive industry trends, and changing lifestyles.
Author Name : Sunil Hebbalkar
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.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/2526
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
An outline of airless tires market in terms of product innovations, global demand to exceed 139 thousand units by 2024
Airless tires market has indeed gained a commendable acclaim over the recent years, especially amidst the backdrop where disruptive tech driven trends are aptly reshaping the mobility sector. Given that forces like diverse mobility, connectivity, autonomous driving, and electrification are already on the horizon, it is expected that airless tires industry would soon conveniently establish itself as the next lucrative investment avenue. This is apparently vivid from the estimates that claim the global airless tires market to have garnered a revenue of USD 120 million in 2016. The growth is chiefly driven by the increasing demand for these next generation tires in heavy off-load vehicles, widely used across the military sector. In fact, military vehicles procured a prominent chunk of the airless tires industry landscape in 2016 and is anticipated to record a CAGR of 9% over 2017-2024.
U.S. Airless Tires Market, By Product, 2016 & 2024, (Units)
The concept of 3D printing is deemed to bring a disruption of sorts in the airless tires industry. Having recognized the immense potential of this technology, market players have been increasingly experimenting with 3D printing to unlock its credibility to the fullest. Quoting a recent case, Michelin, one of the leading airless tires market firms has recently made its way to the front page with the launch of its airless 3D printed tire. This breakthrough model is reportedly based on alveolar structure, similar to that of air sacs found on human lungs. That is to say that the interior of the tires are structurally solid while the outer layer is flexible, which prevent blowouts. What adds an extra feather to its hat is the product’s environmental viability – it is printed from biodegradable, organic, and recyclable materials.
Elaborating further on the competitive landscape, product innovations and development are the two prominent parameters underlining the sustainability quotient for the market players. Below are two of the latest developments in the product landscape of airless tires market.
Get a Sample Copy of this Report@ https://www.gminsights.com/request-sample/detail/1390
- Goodyear Tire & Rubber Company, one of predominant players in airless tires market, has recently released an airless or non-pneumatic turf tire solution for commercial mower applications. Reported to be exclusively available on Bad Boy Mowers’ Outlaw XP model, this groundbreaking airless tire technology is particularly designed to eliminate air pressure checks, and flat tires. The move is claimed to be a revolution with regard to the launch of non-pneumatic technologies in the automotive sector and is deemed to remarkably strengthen Goodyear’s position in the competitive landscape of airless tires industry.
- World’s first 3D printed airless bicycle tires have been recently tested on the streets of Berlin- the latest scoop that is grabbing the headlines in airless tires market. Reportedly, BigRep, the Berlin based tech giant has tested this new Pro Flex filament tire, which is claimed to be superior than other 3D printing filaments in terms of its unique flexibility, high resistance, and unmatched durability. With airless tires becoming a renowned trend in the transportation space, the move is certain to provide a remarkable competitive edge to BigRep.
It is vividly coherent that technological upgradations in product design and deployment are the top-notch parameters underlining the strategic landscape of this fraternity. The business space is set to garner an appreciable popularity across APAC belt, especially by the extensive growth of military and commercial vehicle sectors in China and India. APAC airless tires market is slated to hold more than 30% of the global landscape by 2024. All in all, with automotive OEMs increasingly exploiting the potential of these cutting-edge tires for overall weight reduction and performance enhancement of the vehicles, airless tires industry is likely to witness a slew of opportunities over the ensuing years. The global revenue share is projected to surpass USD 200 million by 2024.
Author Name : Satarupa De
Non-Halogenated Flame Retardants Market to witness appreciable growth from automotive applications, Asia Pacific to prominently drive the regional landscape
Europe Non Halogenated Flame Retardants Market size, by end use, 2013-2024 (USD Million)
The construction industry is generating a substantial momentum worldwide. Statistics depict that the overall construction spending will cross over USD 13 trillion by 2023, a prime factor that will be responsible for non-halogenated flame retardants market growth, particularly across BRICS nations. Polymers amalgamated with chemically linked adhesives are extensively utilized as base materials in buildings, switchboard, wires, and cables to suppress fire. With growing demand for fire safety materials in the building infrastructures, non-halogenated flame retardants market share from construction application is expected to hold a valuation of USD 1 billion by the end 2024.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/730
Worldwide consumption of polyolefins has significantly increased lately, which is leaving a subsequent impact on non-halogenated flame retardants market. Halogen free polyolefins including LDPE, PE, PP, EVA, LLPE, and MDPE are widely deployed in the manufacturing of electric wires and cables and also in transportation and construction sector. On these grounds, polyolefins applications in the forthcoming years are projected to witness an appreciable growth at 7% CAGR over 2016-2024. Rapid industrial growth has led to an increasing demand for high-quality coatings, which substantially escalates non-halogenated flame retardants market demand from epoxy resin application. As per estimates, this application is forecast to witness gains at around 7% CAGR over 2016-2024.
Considering the geographical trends, Asia Pacific has always been a frontrunner in the global non-halogenated flame retardants industry. The expanding automotive production base is one of the prime factors responsible for the regional growth. In addition to this, the region is observing escalating spending across construction and packaging sectors, subject to the rise in disposable incomes in developing nations like India, China, and Japan. As per record, in 2015, 40% of APAC construction spending was centered around China. On these grounds, APAC global non-halogenated flame retardants market is predicted to grow at an annual rate of 8% over the coming seven years.
Worldwide non-halogenated flame retardants industry is highly consolidated with leading four companies covering 30% of the global share. Stringent regulatory compliance with regard to product toxicity and ecological effects enforced by renowned environmental agencies like REACH and WEEE is likely to add a renewed dynamism to non-halogenated flame retardants market in the years ahead. Industry players have been increasingly investing in research activities to broaden the product portfolio. Some of the key participants include Nabaltec, BASF Albermarle, Israel Chemicals, Chemtura, Clariant, and Italmatch Chemicals, and Huber.
Author Name : Satarupa De