Bulk Chemical Industry reports: October 2019

Monday, 28 October 2019

Palm Oil Market Size, Analyslis and Industry Overview, 2022

In 2014, global Palm Oil Market was valued at USD 57.56 billion. The market is poised for growth owing to the increasing demand from the various end-use industries. Government and other correlated organizations across many countries have taken measures to limit the trans-fat intake over the past few years. Protocols regarding increased utilization of palm oil in the form of biodiesel as well as fuel mixing with bio-based fuel has gained recognition in recent past.

Technologies and research & development initiatives to create viable means of production offer immense prospects for the industry participants. Meting out operations to deliver products with a high value offer huge opportunities for growth of global palm oil market over the forecast period.

Crude palm oil dominated the global palm oil market accounting for over 75% of the market in 2014. Growing application in surfactants, cosmetics, lubricants, edible oil and biodiesel was responsible for this high market share. Crude palm oil is also expected to experience the maximum growth rate, at a probable CAGR of 7.5% from 2015 to 2022. It is used extensively for the purpose of cooking. Crude palm oil has relatively lower prices as compared to its competitors which make it the best-chosen cooking oil, predominantly in South East Asia and West Africa.

Edible oil had the largest market share of over 65% in 2014. Rising health concern regarding high consumption of trans-fat has made consumers shift from vegetable oils and animal fats to edible oil which has relatively lower trans-fat content. Biodiesel is predicted to grow at a very high growth rate, at an expected CAGR of 8.8% from 2015 to 2022. Quick development of the global biofuel market with an aim of reducing dependence on conventional fuels is likely to drive the biodiesel demand.

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/palm-oil-market

Easy availability of significant raw materials along with the increased disposable income levels in India, South East Asia, and China is anticipated to benefit the overall Asia Pacific market over the forecast period. Asia Pacific ruled the market accounting for more than 60% of the market share in 2014.

India is accounted to be the major palm oil importers in the world. Central & South American market is anticipated to experience increased production capabilities. Companies have eyed these markets owing to their plentiful arable land and favorable climatic conditions.

Global palm oil market is integrated having few companies ruling the market and is characterized by increased threat of new market players. Key industry participants comprise of Wilmar International Ltd., ADM, London Sumatra, Sime Darby, Cargill Inc., Godrej Agrovet Ltd. and IOI Corp. These corporations have taken up measures to attain a competitive advantage and to diversify their product line.

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Optical Coatings Market Trend, Analysis & Future Forecast 2019-2025

The global Optical Coatings Market size is expected to reach USD 25.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.0% during the forecast period. Growing solar industry and investments in aerospace and defense industry are the key market drivers.

Wide usage in scientific and medical devices for screen displays is anticipated to augment the demand over the forecast period. Medical equipment industry was valued at nearly USD 6.7 billion in 2016 and is expected to reach around USD 8.6 billion by 2020. Therefore, rising demand from solar, electronics, and medical sector is expected to drive the optical coatings market over the forecast period.

Rapid growth of consumer electronics sector in Canada, China, and India is expected to propel the demand for optical coatings over the forecast period. Owing to the presence of numerous large and small producers, Asia Pacific is one of the largest markets for consumer electronics. The fast track task force in India, which is a body of Ministry of Electronics and IT, has planned to achieve about 500 million mobile phone production by 2019 worth about USD 46 billion. Moreover, shifting consumer preference toward smart technologies and smart touch displays is expected to propel the growth over the forecast period.

Extensive R&D and development of material and fabrication technologies are expected to have a positive impact on the industry. Growing demand for optical coatings for genetic analysis, biomedical, micro-optical systems, and sensors is expected to further drive the market.

Rising prominence of optical systems in defense sector is also anticipated to be a key driver for the growth in the forthcoming years. Increasing military spending by countries, such as U.S., India, and China is expected to bolster the product demand. For instance, U.S. allocated military budget worth USD 824.6 billion from October 2017 to September 2018. Therefore, steady growth in the military spending is likely to positively influence the optical coating market.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/optical-coatings-industry

Further key findings from the report suggest:

In terms of revenue, anti-reflective coatings product is anticipated to witness a CAGR of 8.6% from 2017 to 2025
In terms of revenue, reflective coatings segment is projected to expand at a CAGR of 9.9% over the forecast period
Consumer electronics application led the global optical coatings market with a global market share of 31.5% in 2017
Europe is anticipated to reach 659.9 kilotons by 2025
In terms of revenue, Central and South America is projected to witness a CAGR of 8.6% over the forecast period. Rising construction activities owing to the recovery from economic recession are expected to propel construction industry in the region
Some of the key market players are Alluxa; Cascade Optical Corporation; Chroma Technology Corporation.; Inrad Optics; Optical Coatings Japan; PPG Industries, Inc.; VIAVI Solutions Inc. ; Schott AG; and Abrisa Technologies

Silica Market Segmentation and Industrial Overview Forecasts to 2026

The global Silica Market size is anticipated to reach USD 10.10 billion by 2026, according to a new report by Grand View Research, Inc., registering an 8.6% CAGR during the forecast period. Rising demand for silica across various end-use industries such as rubber, agrochemicals, oral care, and paints and coatings is anticipated to drive the industry.

Precipitated silica is the most extensively consumed product in the market. It is utilized in the reinforcement of elastomer products, such as automotive tires, due to its ability to reduce rolling resistance, improved traction under slippery conditions, and enhanced fuel efficiency. It also acts as an anti-blocking agent in thermoplastic films and a matting agent in paints and varnishes.

Rubber application acquired the largest share in 2018 and is estimated to remain dominant throughout the forecast period. The global demand for tires is increasing on account of an expanding automobile industry, especially in emerging economies. As a result, major tire manufacturers are aggressively involved in expansion projects in emerging economies like India. For instance, in April 2018 Bridgestone India announced plans to double its production capacity over the next five years at an investment of USD 304 million. This is anticipated to propel product demand from tire manufacturers.

In the construction sector, high-performance concrete (HPC) comprising silica has been recognized as one of the most significant advanced materials necessary for infrastructure development. HPC manufactured with silica fumes provides increased strength and higher resistance to corrosion, abrasion, and chemicals. Moreover, it offers lower permeability, enhanced durability, sustainability, and life-cycle cost efficiencies for concrete. This is estimated to drive utilization of the product in the construction sector.

The competitive landscape of the market reflects a number of companies currently engaging in capacity extensions in order to enhance their market position. For instance, in October 2018, Evonik set up a precipitated silica plant in South Carolina to meet the increasing demand from the tire industry in North America.

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https://www.grandviewresearch.com/industry-analysis/silica-market

Further key findings from the report suggest:

Rubber is anticipated to exhibit the highest CAGR of 9.2% during the forecast period, in terms of revenue, on account of increasing demand from tire manufacturers
In terms of volume, construction captured the second largest market share of 13.9% in 2018, owing to greater compressive strength, high modulus of elasticity, and high flexural strength offered by silica fume in concrete
Agrochemicals is predicted to register a revenue-based CAGR of 7.6% due to increased viscosity and improved flowability offered by silica in agrochemical formulations
Asia Pacific dominated the market with a revenue share of 41.3% in 2018 owing to rapid expansion of automotive and construction sectors in the region
Evonik Industries, PPG Industries, Tosoh Silica Corporation, Cabot Corporation, Akzo Nobel N.V., and Solvay SA are major players in the market. Capacity expansion owing to increasing demand and price modification on account of volatility in raw material prices are key strategies adopted by these companies.

Wednesday, 16 October 2019

Global Styrene Butadiene Rubber Market Demand, Analysis and Growth Opportunities

The global Styrene Butadiene Rubber (SBR) Market is expected to reach USD 9.9 billion by 2025, according to a new report by Grand View Research, Inc. Significant increase in the demand for OEM tires from the automobile industry is likely to augment the utilization of SBR over the forecast period. In addition, long vehicle life coupled with a shift in consumer preference toward high-performance tires is likely to have a positive impact on the growth over the next nine years.

In the recent times, the demand supply gap for natural rubber (NR) has widened, making the prices of the commodity a matter of concern. In 2016, the growth in supply of natural rubber was 1.1% while the demand grew at a rate of about 6%. This deficit has been exerting a pressure on the supplies and leading to a high volatility in the prices, which in turn has been a major driver for the growth of the SBR industry.

Over the last five years, the average consumption of synthetic rubber has been higher than NR by about 3,500 kilo tons per year. SBR is the highest consumed synthetic rubber, accounting for over 45% of consumption. Therefore, the restraints faced by the NR industry act as the major drivers for the synthetic rubber market.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/styrene-butaidene-rubber-industry

Further key findings from the report suggest:

The tire application is expected to witness a CAGR of 1.7% from 2016 to 2025 owing to the rising demand from the automotive industry in emerging economies including China, India, and Brazil
The global S-SBR market is expected to witness a CAGR of 8.8% from 2016 to 2025 as manufacturers are increasingly focusing on converting E-SBR plants into S-SBR manufacturing facilities
The SBR market is driven by the rising demand from the Latin America and the Middle East & Africa regions owing to the increasing production of tires and the presence of numerous petrochemical companies across the region
In October 2015, Kumho Petrochemical Company, under a joint venture with Sunny Plastics Co., Ltd., set up its third ABS plant in China to establish its foothold in the Chinese market
In June 2016, Versalis and LOTTE Chemical entered into a partnership to expand their presence in the Asian synthetic rubber industry

Tuesday, 15 October 2019

Masterbatch Market - Indepth Analysis Report by Type and End Use

The global Masterbatch Market is expected to reach USD 15.81 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 6.6% primarily driven by increasing replacement of metal by plastic is projected to fuel the market growth. In addition, rising demand from the European region is further expected to propel the demand over the forecast period.

In terms of revenue, color masterbatch was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 7.1% over the forecast period. Increasing need for improving the surface appearance of plastic components in automotive, building & construction, and consumer goods is expected to contribute to the growth. Additive masterbatch is being widely used on account of various properties it imparts to plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer, barrier properties, metal deactivators, antiblock, flame retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth of packaging sector, especially plastic packaging, is anticipated to drive the masterbatch demand.

Masterbatch is used in various end-use industries, such as packaging, building & construction, consumer goods, automotive, agriculture, as it imparts useful functional properties such as smooth surface finish and desired hardness. The increasing spending capability of customers toward purchasing attractively packaged consumer goods is expected to trigger the need for various plastic components, which use masterbatches to improve the appearance and other properties. These factors together are anticipated to boost masterbatch market demand over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/masterbatch-market

Further key findings from the report suggest:

Color segment is expected to experience the fastest growth, in terms of value, at a CAGR of 7.1% from 2017 to 2025 as color masterbatch finds application in various end-use industries such as packaging, building & construction, consumer goods, automotive, and agriculture
Polyethylene emerged as the largest carrier polymer segment, in terms of revenue, in 2016 and is estimated to be valued at USD 5,461.8 million by 2025. The growing popularity on account of useful properties of HDPE, LDPE, and LLDPE is projected to drive the growth.
Packaging was estimated as the largest end-use industry due to different types of industrial, customer, and retail packaging segments across various geographies
The U.S. masterbatch market, in terms of revenue, was valued at USD 1,624.3 million in 2016 and is estimated to reach USD 2,920.3 million by 2025. The consumer goods industry in the U.S. is projected to witness the fastest growth over the next eight years owing to the increasing demand from customers.
Key players including A. Schulman, Inc., Ampacet Corporation, Cabot Corporation, Clariant AG, Plastiblends India Ltd., and Global Colors Group have a prominent presence in the global masterbatch market

Monday, 14 October 2019

Packaging Wax Market Size Worth $2.84 Billion By 2025

The global Packaging Wax Market size is expected to reach USD 2.84 billion by 2025, expanding at a CAGR of 3.1%, according to a new report by Grand View Research, Inc. Several characteristics, including non-toxicity, high gloss, outstanding chemical resistance, and good water repellency, are among the key factors driving the product demand. The food & beverages segment led the packaging wax industry accounting for over 58.0% of the overall revenue share in 2017. Some of the leading companies, such as Amcor Limited, Ball Corporation, Crown Holdings, and Mondi PLC, offer a wide range of packaging materials in the market.

Other prominent companies include Charlotte Packaging Ltd., EuroWaxPack, Nicholas Paper Company, and Mil-Spec Packaging of GA. Developments in the pharmaceutical industry are expected to augment the industry growth over the forecast period. Synthetic waxes find various applications in the pharmaceutical sector on account of their water repellent, anti-settling, and anti-blocking properties. The growth of pharmaceuticals and cosmetics and toiletries sector, most notably in the upcoming markets of Asia Pacific, is anticipated to have a positive impact on the market growth during the forecast period.

U.S. packaging wax market

Packaging wax applications including furniture and cabinets and automotive are anticipated to offer substantial growth prospects in the coming years. Asia Pacific, North America, and Europe held a significant market share in 2017 and is likely to witness the fastest CAGR over the forecast period. Shale gas development, especially in North America, has resulted in huge ethylene capacity expansions. These developments have also lowered the prices of ethylene, which, in turn, has positively impacted the growth of polyethylene packaging wax industry.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/packaging-wax-market

Further key findings from the study suggest:

In terms of volume, the mineral packaging wax product segment is projected to reach 988.2 kilo tons by 2025
The synthetic packaging wax product segment is likely to register a CAGR of 3.3% in terms of revenue over the forecast period
Food & beverages were the most prominent application segment with a share of over 58.0% of the overall volume in 2017
The demand for packaging wax in Asia Pacific is likely to witness high growth in the coming years. China, India, and Japan are some of the major revenue-generating countries in APAC
Growing manufacturing sector across various regions along with high demand for packaging of fruits, vegetables, and pharmaceutical and floral products is likely to foster the industry growth
The market is extremely competitive with companies partaking in various initiatives including acquisitions, frequent mergers, strategic alliances, and capital expansion

Friday, 11 October 2019

Cool Roof Coating Market Trends, Growth, Outlook and Future Scope

The global Cool Roof Coating Market size is expected to reach USD 5.41 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.0% CAGR over the forecast period. Energy savings offered by these coatings, along with favorable regulations, are slated to drive the market.

Use of cool roof coatings can prevent structural deformity caused by severe temperature fluctuations. It also lowers dependency of air conditioning by reducing heat built up in buildings, which in turn, reduces energy consumption.

Favorable regulations and government support in the form of tax benefits and financial incentives are expected to propel product demand. Increasing awareness regarding energy savings as well as environmental benefits offered by cool enamels will play a vital role in market expansion. However, limitations associated with long-term durability of such coatings owing to usage of titanium dioxide as a critical ingredient is projected to remain a key challenge for market players.

Advent of new polymers and resins with lower volatile organic compound (VOC) ratings are likely to contribute to product demand as an eco-friendly choice. Increasing efforts to reduce VOC limits in different geographies is expected to create ample opportunities for cool roof coatings as an alternative to meet stringent regulations.

Manufacturers are focused on development of new technologies to enhance UV resistance of these coatings. Introduction of microcells and nanotechnology for reducing heat flux and increasing energy conservation is projected to drive demand for cool roof coatings over the forecast period.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/cool-roof-coating-market

Further key findings from the report suggest:

The global cool roof coatings market demand is anticipated to reach 78.5 million liters by 2025, expanding at a CAGR of 7.4% from 2018 to 2025
By application, the slow-sloped segment dominated the global cool roof coatings market with a share of over 60.0% in 2017
North America is projected to exhibit a strong volume-based CAGR of 7.6% over the forecast period, on account of abundant availability of raw materials and rising consumer inclination toward green building initiatives
Asian countries such as China and India are projected to witness remarkable growth over the forecast period owing to rapid urbanization and increasing infrastructure spending
Some of the key companies in the industry are The Dow Chemical Company, KST Coatings, Valspar Corp., Sika Sarnafil, Nippon Paints, Monarch Industries, and Nutech Paints.

Medical Tubing Market Trends, Growth, Outlook and Future Scope

The global Medical Tubing Market size is expected to reach USD 11.95 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.1% over the forecast period. Owing to their inertness to body tissues and fluids and low cost for high volume applications plastic materials play an important role in the manufacturing of products, such as conduits for acquiring biopsy samples, stent holders, and vascular catheters. On account of their advantages, such as resistance to sterilization conditions and higher optical transparency, plastic products are witnessing increased adoption in medical equipment.

Medical tubes are inserted into the body through nose or mouth to deliver anesthesia or oxygen. Depending on the functionality and application of the device, the products are manufactured in various shapes using specific polymers. In the healthcare industry, surgeons and other end-users prefer miniature devices that enhance the performance of surgical operations. Tubes with smaller and thinner diameter are mostly used in endoscopic miniature devices, which are used for medical connectivity to transfer data from a patient or a medical device to an analytical system.

U.S. medical tubing market

As per the National Health Services, England, the number of endoscopic procedures is expected to increase from approximately 650,000 in 2011 to 900,000 by 2020. Many other surgical procedures using minimally invasive devices are also expected to increase in the coming years, thereby driving the demand for medical tubes. Rise in consumer disposable income in developing countries, growing geriatric population, and advances in healthcare facilities are some of the key factors driving the medical tubing market.

The highly fragmented U.S. market is witnessing consolidation as major medical plastic manufacturers and medical device Original Equipment Manufacturers (OEM) are synergizing with various market players in the value chain. For instance, specialty plastics manufacturers, such as Kelcourt Plastics, Inc.; PEXCO LLC; and PPC Industries Inc., merged and formed Spectrum Plastics Group. In 2017, Nordson Corporation integrated horizontally forward across the value chain by acquiring Vention Medical AT, a U.S.-based manufacturer of minimally invasive delivery devices.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/medical-tubing-market

Further key findings from the study suggest:

Silicone polymer segment will be the fastest-growing segment over the forecast period. Due to properties such as hydrophobicity, chemical resistance, and thermal stability, silicone polymers are increasingly used in the manufacturing of diagnostic guide wires, defibrillators, suture sleeves, over-molded surgical blade, and heart pumps
Bulk disposable tubing was the largest application segment in 2017 and accounted for 35.2% of the global market revenue
Asia Pacific is estimated to witness robust growth over the forecast period on account of increasing demand from the healthcare sector in China, India, and Japan
Medical device manufacturers prefer plastic materials that not only meet the quality and safety requirements but also comply with regulatory requirements. To meet the changing customer demand, manufacturers, such as Zeus Industrial Products, Inc., have developed biocompatible plastics, which also comply with the regulatory requirements
Some of the key companies in this market are ZARYS International Group; TE Connectivity Ltd.; Freudenberg & Co. KG; Spectrum Plastics Group; and Bentec Medical, Inc.

Thursday, 10 October 2019

Offshore Mooring Systems Market Size Worth $1.32 Billion By 2025

The global Offshore Mooring Systems Market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market.

Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations.

Spread systems were the largest product type while accounting for over 32% market revenue in 2016. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product category.

Single buoy moors consist of a loading/floating substance anchored offshore, which serves as an anchorage point and an interconnection for tankers stocking or offloading oil or gas or any other liquid products. The segment is anticipated to witness the fastest growth over the next eight years at a CAGR of 2.6% from 2016 to 2025.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/offshore-mooring-systems-market

Further key findings from the report suggest:

Tension leg platform (TLP) dominated the global offshore mooring systems industry and was valued at over USD 350.0 million in 2015
The drag embedment anchors (DEA) are anticipated to witness the highest growth, growing at a CAGR of over 2.6% from 2016 to 2025
North America market is projected to witness a steady growth rate over the forecast period and is estimated to generate revenue exceeding USD 320 million by 2025
The U.S. dominated the North America market with a market share of 81.4% in 2015, and anticipated to observe the fastest growth in the region over the forecast period
The offshore mooring demand for FPSO in the U.S. is projected to grow at a high CAGR of 1.9% over the forecast period
Middle East is anticipated to emerge as the fastest growing regional market with a CAGR of 3.1% from 2016 to 2025, in spite of challenges faced in deep-water drilling worldwide. Key players including BP and Total are investing in the region and have become the leading stakeholders.
Some of the major prominent equipment suppliers to mooring service providers include Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, Fossen Shipping, and Scana Industrier ASA

Wednesday, 9 October 2019

Automotive Interior Leather Market Size, Share & Trends Analysis Report

The global Automotive Interior Leather Market size is projected to reach USD 46.84 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 6.5% during the forecast period. Boom in automotive manufacturing industry, particularly in emerging economies of Asia Pacific, coupled with rise in demand for artificial leather is poised to propel the market over the forecast period.

Considerable shift in consumer preference towards artificial leather for applications in the automotive industry is likely to drive the market over the forecast period. Development of bio-based leather is further anticipated to unfold ample growth opportunities for the market. Renewable biobased sources used for manufacturing of biobased variants include cellulose and vegetable oil. Petroleum-based and other toxic chemicals are not incorporated into its production process.

Upholstery dominated the global automotive interior leather market in 2017 and is expected to maintain its position over the forecast period. Massive adoption of the product in interiors as an upholstery material is driven by various merits offered by it such as softer feel, premium finish, and durability. Market players are engaged in supplying kits that contain pre-sewn upholstery covers designed as per each vehicle need.

Leather is among the most preferred materials for manufacturing automotive carpet. It is a naturally-derived material, which is durable and delivers a premium finish to the vehicle. They are easy to maintain and easy to clean. Several unique properties imparted by it such as softness and ability to repel stain are estimated to augment the demand for automotive interior leather in carpet application.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/automotive-interior-leather-market

Further key findings from the repot suggest:

China is the largest producer as well as largest consumer in the global market in 2017. It is projected to rise at a CAGR of 6.8% over the forecast period. China is also among the largest luxury markets, globally. Consumers in the country prefer genuine leather to synthetic leather in automotive interior
India is among the fastest growing economies in Asia Pacific. Favorable government policies, availability of cheap labor, and rising disposable income are attracting investments in the automotive manufacturing industry
Genuine leather held considerable revenue share on account of its massive demand in manufacturing upholstery for high-end luxury vehicles. Its ability to impart premium finish to vehicle leads to improved aesthetics
Key players include Eagle Ottawa, LLC, Alphaline Auto, DK Leather Corporation Berhad, and Wollsdorf Leder Schmidt & Co Ges.m.b.H.
In January 2014, GST Autoleather Inc. and Tata International Limited signed an agreement to enter into a joint venture company named JV Automotive Leather Company, which has its registered headquarters at Mumbai. The company has its operations office situated at Dewas, India to cater to surging demand for the product across domestic as well as international original equipment market.

Cold Form Blister Packaging Market Size, Development, Key Opportunity, Application & Forecast

The global Cold Form Blister Packaging Market is expected to reach USD 8.63 billion by 2024, according to a new report by Grand View Research, Inc. Rising utilization of packaging materials that offers optimal protection and safety allowing to extend product shelf life is projected to boost market demand over the forecast period.

Cold form blister packs help to provide an impermeable barrier to moisture, light, oxygen, and other gasses. It also maintains the product integrity, offers complete protection proving to show high patient compliance rate. Some of the drivers influencing the market growth are the growing packaging demand from pharmaceutical industry and high requirement of cold forming packs owing to favorable product features.

Growing disposable income, improved medical facilities and initiatives adopted by the government to promote healthcare programs has led a rise in demand for cold form foil packaging products.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/cold-form-blister-packaging-market

Further key findings from the report suggest:

Healthcare broadly prefers utilizing cold forming packaging materials; this segment accounted for 48.30% of the market volume in 2015. It is used for sealing many products like tablets, capsules, drugs, vials, ampoules, syringes or liquid products. Child-resistant, tamper evident, senior-friendly and anti-counterfeit packaging are in high demand worldwide.
Innovative packaging is designed and modified to keep pharmaceuticals & medical devices free from all adverse external factors that modify the physical and chemical properties, biological contamination, degradation, mechanical damage, and counterfeiting
Electronics & semiconductors are expected to witness the fastest growth over the forecast period. The rising number of automobile companies coupled with increasing utilization of electronic components, such as transmitters, transistors, diodes, batteries, in the manufacturing process may be attributed to high growth in future.
Asia Pacific is projected to grow at the highest CAGR of over 7.8% on account of the growing demand for healthcare and electronics & semiconductors products in China, Japan, and India. Rising consumers’ necessity for convenience and better sealing features, demand for wide-range of product portfolio and improved environmental standards are accelerating the demand for cold form blister packaging.
Major companies identified in this industry include Amcor Ltd., Sonoco Co. products, Bemis Company Ltd., Constantia Flexibles Group GmbH, Essentra PLC, Tekni-Plex Inc., and Honeywell International, Inc. among others. Multinational packaging companies have partnered with raw material suppliers and have acquired regional small and medium-sized flexible packaging companies to expand its geographical presence.

Ferrosilicon Market Size Worth $11.96 Billion By 2025

The global Ferrosilicon Market is anticipated to reach USD 11.96 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for ferrosilicon in steel and casting industry is expected to drive demand over the forecast period.

Growing demand for the product as an inoculant in the casting industry is expected to drive demand over the forecast years. In addition, the increasing utilization of the product for iron graphitization in the casting industry, coupled with the unavailability of substitutes, is expected to drive demand over the forecast period.

The increasing use of the product as a deoxidizer in the steel industry is expected to have a positive impact on the demand. However, the sluggish growth of the steel industry may restrain the growth of the deoxidizer segment. In addition, the increasing use of silicon slag as an inexpensive substitute for the product in various application industries may restrain industry growth during the forecast period.

The ferrosilicon market is fragmented in nature with Chinese manufacturers accounting for a majority of the share. However, major European players, including Elkem AS and Globe Specialty Metals, Inc., are spearheading the global industry. China and Russia are the major producers of ferrosilicon accounting for over 70% of the overall global production, as of 2015.

China ferrosilicon market volume, by application, 2014 - 2025 (Kilo Tons)

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/ferrosilicon-market

Further key findings from the report suggest:

Inoculants accounted for over 17% of the revenue share in 2015. The demand for ferrosilicon as an inoculant is expected to grow significantly owing to the increasing demand for the product in the iron casting industry.
Carbon & other alloy steel accounted for over 48% of the volume share in 2015. High utilization of the product in carbon steel production, coupled with growing carbon steel market, is expected to drive the demand for the product in this segment over the forecast period
The revenue share of stainless steel in the overall industry was over 1.6 billion in 2015. The growing use of the product to improve the corrosion resistance and conductivity of stainless steel is expected to have positive impacts on the overall industry growth
China accounted for over 65% of the overall production and consumption of ferrosilicon. The presence of a large number of steel manufacturers is expected to be the key factor impacting the high consumption of the product in the country
The major market players in ferrosilicon industry adopt different pricing strategies to acquire new customers and gain regional share, mainly on account of the fragmented nature of the market as well as the limited scope of product differentiation in the industry