Phosphate Rock Market is expected to reach 268.0 million tons by 2024

The global Phosphate Rock Market is expected to reach 268.0 million tons by 2024 as a result of its increasing demand in the downstream sector for producing fertilizers. It is the only global resource which is used in agriculture and fertilizer industry.

The mineral is a vital ingredient used for manufacturing NPK fertilizers. Therefore, the growing demand for fertilizer is expected to be the primary driving factor for the growth of the market over the next few years. Moreover, the absence of substitutes is expected to result in negligible substitution threat.

Additionally, one of the factors for fertilizer consumption growth is directly related to the global increasing calorie consumption per capita. High-calorie consumption foods are becoming popular, with rising prevalence of oilseeds, dairy and meat which are directly increasing the demand for stock feeds, grain, and agricultural production.

Browse Details of Report @ https://www.hexaresearch.com/research-report/phosphate-rock-market 

Demand for phosphate rock in Asia Pacific was 127.94 million tons in 2016 and is anticipated to maintain its dominant position over the forecast period owing to the presence of numerous agriculture-oriented economies. Rising demand for the mineral as an additive for feed & food as well as manufacturing of industrial chemical coupled with the growth of the manufacturing sector in the region is expected to drive the market. In developing countries such as Brazil, China and India, growing demand for cleansing and detergent agents are projected to drive the market in the coming few years.

Europe and North America has implemented regulations banning the use of phosphate in detergents, as the mineral mixes with water which can result in causing harm to the aquatic life by producing additional phosphorous which results in the death of fish, dolphins, and aquatic plants.

Among fertilizers, food & feed additives and industrial chemicals, fertilizer segment dominates the market by contributing 203.8 million tons in 2016 and is expected to maintain its position during the forecast period. Fertilizers comprise of different compositions of three main crop nutrients phosphorus (P), nitrogen (N), and potassium (K).

One of the major factors that are expected to hinder the growth of the phosphate rock market is the rapid depletion of these reserves and increasing demand for its derivatives as there is no other alternative for these products. The leading manufacturer in these markets is MBAC Fertilizer, Potash Corp, Phosphate Resources Limited, Grange resources, Mosaic, WENGFU Group, Agrium, Shaw River Manganese, Anglo American, and Sterling Group Ventures Inc.

Hexa Research has segmented the global phosphate rock market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Fertilizer

• Feed & Food Additive

• Industrial Chemicals

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

    • U.S.

• Europe

    • Russia

• Asia Pacific

    • China

    • India

• Central & South America

• Middle East and Africa

    • Morocco

Key players analyzed:

• MBAC Fertilizer

• Potash Corp

• Phosphate Resources Limited

• Grange resources

• Mosaic

• WENGFU Group

• Agrium

• Shaw River Manganese

• Anglo American

• Sterling Group ventures Inc.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/agrochemicals-and-fertilizers-market

Water And Wastewater Treatment Market Size and Growth Prospects 2025

The global Water & Wastewater Treatment Market to reach USD 674.72 billion by 2025, driven by the rising demand for freshwater for drinking, industrialization and agriculture. Treated water is suitable for various end-uses such as river flow maintenance, drinking, the supply of industrial water and irrigation.

Water & wastewater treatment processes such as softening, deodorization and purification make the water more useful and potable. Asia Pacific was the largest market accounting for 43.9% of the revenue share in 2016. It is anticipated to gain momentum over the forecast period on account of the growing demand for filtered water for various applications.

Water treatment systems are either installed at the point of use or the point of entry. However, as drinking water is a vital priority for the population, the residential sector contributes significantly towards the development of water treatment market as compared to the industrial and commercial sector.

Browse Details of Report @https://www.hexaresearch.com/research-report/water-wastewater-treatment-market

Central & South America water & wastewater industry is capable, but the absence of significant venture in infrastructure is unfavorable for its economic performance. Asia Pacific municipal water & wastewater market is likely to grow at a CAGR of 5.3% over the forecast period. This market has been rapidly growing owing to the presence of developing economies and a large concentration of population in the region. Asia Pacific’s vast and rising population, coupled with increasing middle class and rising incomes, will continue to drive demand agricultural resources and commodities.

The global equipment & services market accounted for USD 117.85 billion in 2016. The growth of equipment & services market is likely to gain momentum in the recent future, as it utilizes environment-friendly and economically feasible instruments and technologies.

Few major players dominating the market are GE Water & Process Technologies, 3M Purification, Calgon Carbon, Aqua Tech International, Danaher, GDF SUEZ, Degremont, Veolia Water Solutions & Technologies and Siemens. Companies such as Siemens and GE, are using advanced products and equipment to gain a competitive advantage in the market. Major players in flow control services are acquiring firms in the treatment market. For instance, in June 2010, the largest pump provider, ITT acquired filtration company to expand its services such as dewatering pump and rental facilities.

Hexa Research has segmented the global water & wastewater treatment market based on type, end-use and region:

Segmentation by type, 2014 - 2025 (USD Billion)

• Chemicals

• Treatment Technologies

• Equipment & services

Segmentation by end use, 2014 - 2025 (USD Billion)

• Municipal

• Industrial

Segmentation by region, 2014 - 2025 (USD Billion)

• North America

    • U.S.

• Europe

    • UK

• Middle East & Africa

    • Saudi Arabia

    • Algeria

• Asia Pacific

    • China

• Central & South America

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/water-and-sludge-treatment-industry

Methanol Market Share, Analysis and Industry Outlook 2024

The global Methanol Market is estimated to reach USD 100.3 billion by 2024, primarily driven by its widespread of applications in adhesives, paints, and plastics. Asia Pacific is the fastest growing market in terms of volume, growing at a CAGR of 8.6% and is expected to maintain its dominance over the forecast period.

The rise in demand for petrochemicals and the advancement of new industrial segments are projected to offer new opportunities for the methanol market during the forecast period. In Asia Pacific region, China is the largest and the fastest growing market and is expected to show the same trend over the forecast period due to the abundance of coal and natural gas available in China.

The growth of methanol market is mainly due to the rise in demand for clean burning fuel and fuel substitutes such as biodiesel. Additionally, increase in R&D activities for the usage of methanol as an alternative to gasoline products for vehicles is projected to drive the demand for methanol.

Browse Details of Report @ https://www.hexaresearch.com/research-report/methanol-market

Methanol by-products like formaldehyde, acetic acid, DME, gasoline is utilized in several industrial applications such as construction & building, production of petrochemicals, pharmaceuticals, synthesis of chemicals and in the automotive sector. Formaldehyde dominated the global market contributing to USD 6.2 billion in 2016. Formaldehyde is used to produce wood products such as plywood and adhesives.

The high demand for formaldehyde is owing to its high purity, low cost, and the abundant use of formaldehyde in various chemical reactions. Acetic acid and formaldehyde are widely used by-products of methanol. DME and fuel blending have also been recognized as enormously profitable application areas such as clean fuel for transportation, cooking, heating and power generation and is expected to record a 9.0% CAGR during the forecast period.

With diminishing crude oil reserves, demand for substitute transportation fuel has stimulated the market for blended and clean fuel such as methanol and its derivatives. It is a potential replacement for traditional transportation fuel such as diesel and petrol, which is projected to fuel the market for methanol over the forecast period. However, with the availability of cheap and low-cost substitutes and alternatives of methanol such as bio ethanol or ethanol fuel, which bounds the methanol consumption, and constant fluctuation in the prices of crude oil would impact the affordability of the chemical, and its derivatives can hinder the growth of the methanol industry during the forecast period.

Hexa Research has segmented the global methanol market based on end-use and region:

Segmentation by End-Use, 2014 - 2024 (Kilo Tons) (USD Million)

• Formaldehyde

• Acetic Acid

• MTBE

• DME

• Fuel blending

• MTO

• Biodiesel

• Others

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

    • U.S.

    • Canada

• Europe

    • Germany

    • France

    • U.K.

• Asia Pacific

    • China

    • India

    • Japan

• Middle East & Africa

    • South Africa

   • Rest of Middle East & Africa

• Latin America

    • Brazil

Key players analyzed:

• Badische Anilin- und Soda-Fabrik

• Zagros Petrochemical Company

• Methanol Holdings Trinidad Limited

• Mitsui & Co., Ltd

• Celanese Corporation

• Petroliam Nasional Berhad

• Saudi Arabia Basic Industries Corporation

• Methanex Corporation

• Mitsubishi Gas Chemical Co., Inc.

• Valero Marketing and Supply Company

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry

Acetone Market Size, Industry Trends and Forecasts 2024

The global Acetone Market size was USD 5.75 billion in 2016. Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products. It is also used in the manufacturing of Methyl Methacrylate & Bisphenol-A.

Polycarbonate plastic is derived from Bisphenol-A. An increasing use of polycarbonate in the automotive industry is one of the key growth factor for the acetone market. Polycarbonate is increasingly used as a substitute for metal and glass in automotive industry.

Automotive manufacturers are increasingly using polycarbonate for lighting applications, such as light housing, headlamp lenses, bezels that require transparency, high temperature resistance, it also offers better functional integration and designing freedom to vendors. An increasing demand for light vehicles with improved fuel efficiency is driving the manufacturers to depend on polycarbonate that helps to reduce the weight of the vehicles.

Browse Details of Report @ https://www.hexaresearch.com/research-report/acetone-market 

Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and automotive industry is a key factor for growth of the acetone market. Keeping these driving factors in mind companies are increasing their production capacity in order to meet the global demand. For instance, Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores to set up a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in the region.

In 2016, Asia Pacific was largest revenue generating owing to the development of automotive and electronics industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand for acetone. An increasing demand for bio based acetone and strict government regulations is expected to slow the market growth of acetone.  Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.

Hexa Research has segmented the global acetone market on the basis of application and region:
Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)
• Solvent
• Methyl methacrylate (MMA)
• Bisphenol-A (BPA)
Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)
• North America
    • U.S.
• Europe
    • Russia
• Asia Pacific
    • China
    • India
• Central & South America
    • Brazil
• MEA
Key players analyzed:
• INEOS Phenol company
• Mitsui Chemicals
• The DOW Chemical Company
• Shell
• Minda
• U.S. Chemicals
• Formosa Chemicals
• Sunoco
• Conchemco

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/organic-chemicals-industry

Allantoin Market Analysis and Size 2024

The global Allantoin Market is anticipated to grow at a CAGR of over 6 % from 2016 to 2024 on account of the growing demands from various industries such as cosmetics, oral hygiene etc. Moreover, rising scope of applications of allantoin in the pharmaceutical products, such as eye drops and skin care creams, is also expected to drive the market growth during the forecast period. The global market is categorized as applications and regions.

The applications sector of the allantoin market includes cosmetics, pharmaceutical, and oral hygiene. The global market for allantoin was dominated by cosmetics sector in 2015. It is further expected to grow as a result of growing consumer awareness concerning potential benefits of the products. Plus, rapid urbanization along with the growing disposable income levels is also said to spur the sector growth during the estimated years. The pharma sector is also expected to have huge gains at over 6 % from 2016 to 2024. The growing customer awareness concerning general well-being is anticipated to boost the growth of the pharmaceutical sector in the near future.

Oral hygiene sector is likely to grow at a CAGR of over 7 % during the forecast period. The rising global oral care industry is likely to propel the product demands in the sector. Several other applications include its usage in agrochemicals and nutraceuticals. In addition, increasing agrochemicals demands and the rising demands for food & beverages with high nutritional content are also likely to spur the market growth.

Browse Details of Report @ https://www.hexaresearch.com/research-report/allantoin-market

Geographically, the APAC allantoin market dominated the global market due to growing demands from industries such as pharmaceutical, oral care, cosmetics, etc. The regional market is expected to generate revenue of over USD 220 million by 2024. North American market for allantoin accounted for a considerable amount of global demand due to high usage levels in the pharma and personal care industries. However, the region is said to experience a slow growth during the estimated years because of the slower industrial growth. The European market is also likely to witness a slow growth rate. The Middle East & Africa and Latin America regions are expected to be high-growth regional markets. The cosmetics industry growth in these regions along with the improved spending capacity is likely to augment the product demand.

The major companies in this market are Ashland Inc.; Rita Corp.; and Lubon Industry Co. Ltd.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry

Global Plastics Market Share, Size, Analysis, Growth, Trends and Forecasts 2020

The global PlasticsMarket is expected to grow rapidly at a healthy CAGR of over 8 % from 2014 to 2020. Plastics are synthetic/semi-synthetic organic solid materials that are used to create various valuable products. On account of the ease of manufacture, low cost, flexibility of use, and availability of raw materials, plastics have replaced a number of conventional materials such as paper, wood, metal, leather, glass, and ceramic in the majority uses. This is also projected to boost the global market. Moreover, various technologies that reprocess plastics are anticipated to be the key growth drivers for the global market.

However, the fluctuating prices of raw materials along with the rising environmental concerns related to plastic disposal are likely to hamper the market growth in the near future. To beat such challenges, the market players have shifted their focus towards developing some bio-based alternatives to usual plastics. The industry is categorized into products, applications, and regions.

The products sector comprises Polyvinyl Chloride (PVC), polystyrene, Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), and engineering thermoplastics. The PE sector dominated the overall plastics market in 2013 accounting for over 35 % of the global market share. The rising demands from various end-use segments such as food & beverage packaging, injection molding, etc. led to the biggest market share. The PET sector is anticipated to be the fastest growing product sector with a CAGR of 9 % from 2014 to 2020.

Browse Details of Report @ https://www.hexaresearch.com/research-report/plastics-industry

The rising demands for PET plastics from the carbonated soft drink packaging market are projected to further augment the demands for PET plastics during the next few years.

The application sector includes injection molding, film & sheets, construction, packaging, textiles, and transportation. The films & sheets sector occupied over 45 % of the global share in 2013. Films & sheets are mainly utilized in food packaging and pharmaceuticals. This is said to boost the product demands in the near future. The application in plastic pipes is also likely to experience a substantial growth with a CAGR of 6 % over the forecast period.

Asia-Pacific was the largest regional market for plastics in 2013. The European & North American markets are quite mature and are said to grow slowly than other regions. The Central & South America region is estimated to register the maximum CAGR of over 6.5 % from 2014 to 2020.

Major companies in the plastics market are Saudi Basic Industries Corp.; E. I. du Pont de Nemours and Company; and BASF SE.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry

Citric Acid Market Growth, Analysis, Industry Outlook, Trends and Forecasts 2024

The Global Citric Acid Market is expected to reach USD 5.73 billion by 2024 driven by its increasing use in food & beverages and household detergents & cleaners. The growth of these end-use industries, particularly in emerging economies of Asia Pacific region, is anticipated to boost the growth of the chemical over the projected period.

The biobased and chelating characteristics of citric acid make it a viable solution to several toxic substances used for manufacturing detergents & cleaners, especially for household purposes. Rising awareness regarding cleanliness and hygiene is expected to augment the demand for detergents & cleaners, resulting in a volume CAGR of 3.8% over the projected period.

Browse Details of Report@ https://www.hexaresearch.com/research-report/citric-acid-market

Asia Pacific dominated the global industry accounting for 29.6% of the global citric acid market volume share in 2016.

Rapid industrialisation resulting in the presence of large-scale manufacturing bases for food & beverages, pharmaceuticals, and cosmetics is expected to augment the demand for the chemical as an intermediate in several processes.

Increasing healthcare expenditure coupled with rising number of ailments across the world is expected to augment the demand for pharmaceuticals. The demand for citric acid in pharmaceutical applications was estimated to be 153.1 kilo tons in 2016 and is projected to progress in tandem with the development of the pharmaceutical sector.

The difference in the properties of citric acid has resulted in making it suitable for use across a broad range of applications. The dual use of citric acid as a preservative as well as a flavouring agent in foodstuffs is expected to augment its demand for household purposes. Moreover, its suitability for a broad range of cuisines makes its suitable for restaurants. Increasing standard of living of consumers is expected to augment the demand for the product over the projected period.

In line with the growing demand for the chemical, manufacturers such as Jungbunzlauer, ADM, and Cargill are focusing on increasing their market presence through R&D to introduce innovative products catering to niche application segments. Thus, the growth of the food & beverages, pharmaceutical, and cosmetic industries coupled with the eco-friendly properties of the product is expected to drive the growth of the citric acid market over the forecast period.

Hexa Research has segmented the global citric acid market on the basis of application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Food & beverages

• Household detergents & cleaners

• Pharmaceutical

• Cosmetics

• Others

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

    • U.S.

• Europe

    • Germany

• Asia Pacific

    • China

    • India

• Central and South America

    • Brazil

• MEA

Key players analyzed

• Archer Daniel Midland

• Cargill

• COFCO Biochemical (Anhui)

• Gadot Biochemical Industries

• Jungbunzlauer Suisse

• Citrique Belge

• Tate & Lyle

• Weifang Ensign Industry Co., Ltd.

• RZBC GROUP CO., LTD.

• Huangshi Xinghua Biochemical

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry