Bulk Chemical Industry reports: November 2019

Friday, 29 November 2019

Triethylene Glycol Market Size, Share & Trends Analysis Report By Application

Global Triethylene Glycol (Teg) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period.

Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in emerging economies such as China, India and Brazil is likely to fuel TEG market over the forecast period. Positive gas industry outlook on account of policies favoring use of gas as a cleaner fuel is anticipated to assist market growth over the next seven years.

Growing chemical industry coupled with expanding end-use industries such as automotive industry especially in India and China is expected to boost demand for TEG in solvent and plasticizer applications. Increasing application scope of molded plastics and rubber is expected to result in increasing utilization of TEG over the forecast period.

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

Further key findings from the study suggest:

Asia Pacific was the largest market accounting for over 45% of global TEG volume share in 2014. Increasing use of gas as a fuel source in China, India, South Korea and Japan is expected to result in increased demand for TEG in the region. In addition, High technically recoverable shale gas deposits in China coupled with favorable government regulations in the country is expected to augment market demand over the next seven years.
Development of Asia Pacific and Middle East as refining hubs is anticipated to favor the TEG industry growth owing to abundance of feedstock and easy accessibility to end-use industries over the projected period.
Russia was the largest consumer of TEG in Europe as it is one of the largest producer and supplier of natural gas. Gazprom being the major gas producer in Russia was one of the largest consumers of TEG in 2014.
Key market participants include LyondellBasell, ExxonMobil, E.I. duPont de Nemours & Company, Honeywell International Inc. and 3M, Honam Petrochemical Corporation, Ineos, SABIC, Shell, Reliance Industries Ltd. and Clariant.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Wednesday, 27 November 2019

UV Disinfection Equipment Market Growth, Trends, Opportunities and Forecast to 2022

The global UV Disinfection Equipment Market is expected to reach USD 6.42 billion by 2022, according to a new report by Grand View Research, Inc. Growing consumer awareness regarding the technology coupled with high investments by governments across the globe to employ advanced water treatment technologies to ensure safe drinking water supply is expected to drive demand.

The key growth opportunities for the UV disinfection market reside in surface disinfection and wastewater treatment application. The technology is expected to gain high demand from healthcare and food & beverage sector as helps to achieve desired levels of disinfection required by these industries.

The players including Greenway Technologies, Spectral Innovations Ltd, and Atlantic Ultraviolet Corp. have adopted integration strategies in order to cut down raw material cost and increase profit margins. The industry players are focusing to improve their sales support and after-sales services in order to gain consumer attention, thereby increasing their market shares.

The key industry players are focusing on the product development in terms of better design, cost efficiency, and easy installation in order to compete with the competitors. The industry is expected to get benefited by growing government stringent regulations imposed on the waste water recycling from the commercial, industrial and residential segments.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/ultraviolet-uv-disinfection-equipment-market

Further key findings from the report suggest:

Water treatment was the largest application segment for UV disinfection equipment and valued at USD 924.7 million in 2016, owing to high investments by local government authorities for safe water supply in developed and emerging economies across the globe
Residential water treatment is expected to grow at a CAGR of 18.5% over the forecast period owing to rising consumer focus to replace traditional water purification systems with effective and environment-friendly techniques
Commercial water treatment stood for USD 84.9 million in 2016 and is expected to grow at 21.6%, owing to initiatives taken by the manufacturers to comply with regulations given by the government and environmental protection bodies for proper water disposal
In Europe, the demand for the technology in municipal water treatment stood for USD 269.0 million owing to early adoption of the technology coupled with high investments by the European governments in wastewater recycling sector
The industry is dominated by Xylem Inc., Calgon Carbon Corp., GE Lighting, and Severn Trent Plc., which account for over 45% of the market revenue as of 2016
In October 2015, Evoqua Water Technologies added three products namely ED-R module, VNX-Si module and NX- CDIT module, which offer 90% water recovery from reverse osmosis reject streams and are designed for pharmaceutical, industrial, reject water recovery and high purity applications

Polyethylene Terephthalate Market Size, Share & Trends Analysis Report

The global Polyethylene Terephthalate Market size is anticipated to reach USD 47.46 billion by 2025 and register a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Polyethylene terephthalate is produced by the polymerization of ethylene glycol and terephthalic acid. Features such as increased strength and flexibility, lightweight, and non-toxic nature have made the material a preferred choice for packaging. PET finds wide uses in applications such as beverage packaging, consumer goods, and food packaging as it can efficiently be reused after recycling.

The globally increasing demand for efficient and eco-friendly packaging solutions coupled with the rising consumption of packaged & processed food has resulted in an increased demand for PET in food packaging applications. Moreover, the shifting trend of consumers toward the use of recyclable containers for food packaging is further boosting the demand for PET. Various other properties offered by the material also make it ideal for use in films and sheets, which are highly demanded by the medical packaging industry.

Various advancements are being made in PET to efficiently meet the needs of consumers and brand owners, which include enhanced food safety, improved sustainability, and reduced cost. Manufacturers of PET are focusing on product innovations and expansion of their production capacity to cater to the growing demand for sustainable and bio-based PET. This is one of the key drivers expected to propel the PET market growth over the forecast period.

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

Further key findings from the study suggest:

The polyethylene terephthalate market was valued at USD 25,246.8 million in 2018 and is expected to register a CAGR of 5.6% from 2019 to 2025
The rising demand for environment-friendly and energy-saving products and solutions for packaging is expected to drive the market growth
The packaging segment accounted for the largest revenue share in 2018 on account of its increasing use in food and non-food packaging applications
The films & sheets segment accounted for a market share of 12.89% in 2018 and is projected to register a CAGR of 5.6% over the forecast period
The focus of various governments on improving indoor air quality and establishing stringent environmental regulations is anticipated to drive the demand for PET-based packaging
Key players active in the polyethylene terephthalate market include BASF SE, M&G Chemicals, SABIC, Arkema, Evonik Industries, and The Sherwin-Williams Company.

Tuesday, 26 November 2019

Flexible Plastic Packaging Market: Global Industry Analysis, 2025

The global Flexible Plastic Packaging Market size is projected to reach USD 179.69 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Significant demand for the product in the food & beverage and healthcare industries is a key growth stimulant for the market.

Polyethylene is the most widely used material for the production of flexible plastic packaging. The segment is expected to account for the largest share in the market during the forecast period owing to its abundant availability and considerable decline in manufacturing costs. In terms of type, the demand for flat pouches is estimated to register significant rise over the same period owing to its applicability in various industries. These pouches are preferred for their convenience regarding storage and transportation.

U.S. flexible plastic packaging market

The demand for the product in the food & beverage industry is backed by growing popularity of stand-up pouches and flat pouches on retail shelves. The pharmaceutical industry offers a lucrative opportunity for the global flexible plastic packaging market owing to increasing health awareness among consumers, burgeoning popularity of convenient packaging, and a substantial increase in processing units (product) from a manufacturer’s standpoint.

In this regard, Europe has also contributed significantly to the growth of the pharmaceutical industry, thereby strengthening the flexible plastic packaging market in the region. Some of the key countries that have witnessed upswing in the demand for pharmaceutical products are Belgium, Denmark, France, Germany, Ireland, Italy, and Switzerland.

Asia Pacific is likely to be a promising destination for flexible plastic packaging manufacturers, notably emerging countries such as China, Japan, and India. Manufacturers are focusing on setting up their manufacturing plants close to sources of raw materials in the region, on account of their cheap availability. Low labor cost is another factor that is attracting manufacturers to strengthen businesses in this region. Asia Pacific is also the largest market for beverages. This has offered lucrative opportunities to manufacturers to cater to packaging requirements of the beverage industry in the region.

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

Further key findings from the report suggest:

In terms of volume, the healthcare application segment is anticipated to reach 29.12 million tons by 2025, at a CAGR of 2.7% during the forecast period
In terms of revenue, the food & beverage segment is expected to witness the fastest growth over the forecast period, owing to benefits offered by the product such as decreased scrap and easy processing.
In terms of volume, the PE segment dominated the market in 2017 with a share of approximately 26.0%. It is expected to retain its prominent position over the forecast period
In terms of revenue, the segment for stand-up pouches is anticipated to account for a market share of 65.7% by 2025. The flat pouches segment is expected to register the fastest growth over the forecast period, owing to ease of manufacturing process coupled with significant demand for the product
The industry for flexible plastic packaging is highly competitive with presence of various well-established players with extensive product portfolios
Key market participants in the market include Sigma Plastics Group, Amcor Limited, Sealed Air Corporation, Constantia Flexibles Group, ProAmpac, Mondi plc, and Coveris Holding S.A.

Conformal Coatings Market: Global Industry Analysis, 2024

The global Conformal Coatings Market is expected to reach USD 15.73 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for conformal coatings for manufacturing of automotive and electronic components is expected to propel growth.

The market is highly competitive and fragmented owing to presence of numerous medium and large scale manufacturers and suppliers. The high competition between existing players and high capital investment are expected to pose as a threat to new entrants. However, rapid growth of end-use industries in emerging economies, which demands high volumes of conformal coatings is expected to propel demand.

U.S. Conformal Coatings market

Regional government bodies in Asia Pacific have implemented schemes and initiatives to encourage domestic manufacturing in order to develop the economies of these countries. For instance, ‘Make in India’ scheme that is increasingly attracting major foreign players to invest in domestic production facilities. As a result, the demand for the product is expected to grow over the forecast period.

Conformal coating manufacturing technologies are constantly being updated to match evolving consumer requirements for efficient end-use electronic and automotive products. This has led to intensive R&D efforts by major industry players in order to develop unique and innovative products & processing technologies such as selective needle dispensing, ultrasonic coatings and even selective film coatings among others.

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

Further key findings from the report suggest:

Urethane product segment accounted for 14% of the overall market in 2016, owing to its excellent dielectric properties and high abrasion resistance, which makes it suitable for application in printed circuit boards
Electronics is expected to be the fastest growing application segment, ascending at an estimated CAGR of 6.7% over the forecast period on account of the extensive usage in consumer electronics manufacturing
Europe conformal coatings market is expected to witness a slow growth rate as compared to other regions, owing to the saturation of the regional markets and slower growth of automotive production in the region
The market in Latin America is expected to progress at a CAGR of 5.2% over the forecast period, on account of increasing foreign investments in the electronics and medical sector over the forecast period
The major players in the market including Henkel AG & Company, KGaA, Chemtronics, Shin-Etsu Chemical Co., Ltd., and DOW Corning, are investing in R&D activities in order to come up with coatings with better corrosion resistance, and abrasion resistance

Monday, 25 November 2019

Thermal Barrier Coatings Market is Estimated to Witness a Healthy CAGR till 2024

The global Thermal Barrier Coatings (TBC) Market size is expected to reach USD 22.30 billion by 2024, according to a new report by Grand View Research, Inc. The global market is estimated to witness a healthy CAGR of 6.7% during the forecast period. Increasing demand for advanced heat resistant coatings from several end-use industries including energy, automotive, and aerospace is expected to have a positive impact on the market growth in the coming years.

Growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the market demand. Increasing number of stationary power plant installations in emerging economies is projected to drive the demand further. In addition, increasing product penetration in aerospace application would also benefit market growth.

Rising adoption of air plasma and high-velocity oxygen fuel (HVOF) technologies in automotive and aerospace applications is expected to drive product demand in these sectors. Heavy investments by leading industry participants, such as the Praxier Surface Technologies, for the development of advanced and innovative coating solutions will also have a positive impact on the market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/thermal-barrier-coatings-tbc-market

Further key findings from the study suggest:

The TBC market was valued at USD 13.22 billion in 2016 and is expected to witness substantial growth over the forecast period due to increasing product penetration in energy, automotive, and aerospace applications
Ceramics segment led the market with a share of 33% in 2015. It is expected to grow further on account of high preference for ceramic-based coatings over metal-based coats
Air plasma technology is projected to register a CAGR of 7% from 2016 to 2024. Factors such as ease of application and low operational costs are driving the segment growth
Ceramic YSZ coating combination segment was valued at USD 4.6 billion in 2015 and is expected to witness a CAGR of 7.3% from 2016 to 2024. Increasing use of ceramic YSZ due to superior resistance properties and improved performance is expected to propel the segment growth
Asia Pacific is expected to witness the highest CAGR of 8% during the forecast period. China, in particular, is the fastest-growing economy in the region and is estimated to expand at a CAGR of 9% over the forecast period
Prominent development strategies adopted by the leading companies in this market are M&A activities, technical collaborations, and plant expansions

Friday, 22 November 2019

Pharmaceutical Packaging Market is Projected to Witness 8.3% CAGR till 2025

The global Pharmaceutical Packaging Market size is expected to reach USD 158.24 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 8.3% during the forecast period. The market is driven by increasing consumption of pharmaceutical packaging materials in emerging economies, most notably in China, Brazil, and India. This is in reaction to increasing government spending on healthcare infrastructure in these countries.

The market has been witnessing significant demand for pharmaceutical packaging in African countries. Though the industry is yet to achieve its full potential in Africa, the region promises considerable growth over the forecast period owing to economic developments in countries such as South Africa and Nigeria. Sub-Saharan Africa, in particular, is expected to bolster the demand for pharmaceutical packaging products throughout the forecast period backed by significant economic development. Emerging economies across the globe have encouraged international players to setup their manufacturing plants on the back of rising pharmaceutical exports in the aforementioned countries.

Another significant factor triggering the demand for pharmaceutical packaging materials is the increasing demand for blister packaging and drug delivery devices. In this respect, the emergence of novel drug delivery systems with unique forms (patches and rings) has necessitated the employment of pharmaceutical packaging materials across the globe. In addition, the market is driven by the increasing demand for blister packaging solutions for the packaging of drug items/products. The employment of blister packaging materials helps extend the shelf life of pharmaceutical products while offering enhanced clarity/transparency in packages.

North America emerged as the largest market for pharmaceutical packaging in 2018, with a revenue of USD 35.11 billion. The region is expected to retain its prominent position over the forecast period and claim a share of 33% by 2025. U.S. has been a leading regional market and has been witnessing exponential growth. Mexico is a major production site for large pharmaceutical companies. The emergence of Mexico as a sourcing destination for domestic companies looking to manufacture and sell complex, especially manufactured products is expected to boost pharmaceutical industry growth in the region. This, in turn, is likely to drive the product demand over the forecast period.

The pharmaceutical packaging market is highly fragmented with both domestic and international players sharing the market space. However, it is led by the players such as Amcor Ltd.; Becton, Dickinson & Company; Aptar Group Inc.; Capsugel Inc.; Gerresheimer AG; Schott AG;Owens Illinois Inc.; West Pharmaceutical Services Inc.; Berry Plastics Group Inc.; Westrock Company; andSGD SA among others. Product innovation, portfolio expansion, and mergers and acquisitions were observed to be some of the most preferred strategies by these players to stay abreast of the competition.

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

Further key findings from the report suggest:

In terms of material, plastics and polymers held the leading market share of 38% in 2018. Plastics and polymers are being considered as ideal packaging materials by pharmaceutical companies owing to their advantages such as the availability of various types of quality and ease of manufacturing
In terms of product, primary pharmaceutical packaging is expected register the fastest CAGR of 8.6% over the forecast period. Demand for primary packaging is driven by the increasing consumption of protein-based, biotechnologically manufactured medications, highly viscous or low-dosage drug formulations, and a series of oncologic and ophthalmologic medications
In terms of end use, contract packaging is expected to register the fastest CAGR of 9.1% over the forecast period. Market players have been focusing on increasing the outsourcing of packaging activities to save on time and various expenses
Asia Pacific is expected to witness the fastest CAGR of 12.2% over the forecast period. Tremendous growth in population coupled with a steady economic growth in countries such as China, India, and Japan is contributing to the regional growth
The pharmaceutical packaging market has been witnessing intense rivalry among key participants in terms of product offerings, product innovation, and global presence

Wednesday, 13 November 2019

Polycarbonate Sheet Market: Global Analysis Report, 2018-2025

The global Polycarbonate Sheet Market size is expected to reach USD 4.91 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.5% over the forecast period. Multinationals are constantly improvising their product portfolio to meet the existing requirements in sectors such as building and construction, automotive, packaging, and others. This factor is projected to boost the global market growth in the forthcoming years.

Growing consumer awareness regarding usage of environment-friendly polycarbonate sheets and plastic waste disposal, in compliance with the governmental regulations, is fostering demand for eco-friendly products. Usage of eco-friendly products leads to lower emissions thereby ensuring minimal environment degradation. Companies such as SABIC are integrated along the value chain from raw materials to finished goods production. This enables the company to reduce raw material procurement cost and supply their goods to packaging, industrial, consumer goods, food and beverage, and laboratory among other end-use industries. Companies such as Chi Mei Corp., Idemitsu Kosan Co. Ltd., DuPont and others provide bisphenol A (BPA), an essential ingredient in the manufacturing process.

Asia Pacific emerged as the leading consumer of polycarbonate sheets in terms of revenue, followed by Europe. The rise in disposable income among consumer base is one of the key factors for the significant demand from construction as well as packaging industry. Increasing infrastructure spending owing to the foreign investments coupled with government support is further fueling the regional growth.

Packaging and construction industries are expected to fuel demand for innovative products owing to their multiple applications and favorable characteristics. These sheets have a vast scope of application in the construction industry owing to their interior as well as exterior applications in buildings and construction sector.

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

Further key findings from the study suggest:

Packaging and building and construction segments are witnessing rapid growth in emerging economies on account of rising consumer disposable income and shift in perception about housing
Growing consumer awareness regarding reduced plastic waste disposal has encouraged leading companies to collaborate with regional governments to achieve optimum product characteristics, simultaneously lowering the environmental degradations to create a sustainable business model
Covestro, SABIC, Lotte Chemicals, and Teijin Industries among others, with extensive global presence dominate the polycarbonate sheet market. Widespread distribution network along with innovative products are some of the major factors driving their success.

Elastomers Market Size is Predicted to Register 4.8% CAGR till 2025

The global Elastomers Market size is expected to reach USD 109.2 billion by 2025 expanding at a CAGR of 4.8%, according to a new study by Grand View Research, Inc. The market is anticipated to be driven by rising demand from several application areas including automotive, medical, consumer goods, industrial, and others. Moreover, the development of biodegradable grades of elastomers is anticipated to create lucrative growth opportunities for the market. Automotive application segment is expected to lead the market during the forecast period. Rising adoption for hybrid and Electric Vehicles (EVs) is influencing the product demand in this application. High-performance elastomers are used in EVs for better fuel-efficiency and reduced carbon emissions.

U.S. elastomers market

A number of manufacturers are engaged in substituting steel to compete in terms of operating range with internal combustion vehicles. In addition, various battery charging stations are installed to improve the operating range of EVs. Rising scale of automotive manufacturing coupled with increasing use of modified plastics is expected to act as a key driver for the market over the forecast period. Booming manufacturing sectors in China and India, particularly in automotive and electronics industries, will drive the APAC regional market. Thermoplastic Elastomers (TPEs) are fully recyclable and capable of reprocessing, which is expected to boost development in the electrical and electronics segments in packaging and wire and cable fields.

They are also highly UV- and ozone-resistant, which increases their scope for outdoor wiring applications. Major types of TPEs include Styrene Block Copolymer (SBC), Thermoplastic Polyurethanes (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolymer Esters (COPE) and other TPEs. Development of innovative TPEs is projected to boost product scope in undiscovered applications and help increase the market share. Emphasis on waste reduction is anticipated to foster the replacement of conventional raw materials with recyclable and sustainable TPEs, which is also likely to boost segment growth.

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

Further key findings from the study suggest:

Asia Pacific led the global elastomers market and is also anticipated to witness the fastest CAGR of 6.1% during the forecast period from 2018 to 2025
China is the fastest-growing country in the global market due to huge growth potential as it is characterized by high demand, as well as production, of elastomers; mainly TPEs
The growth of the elastomers market in China is majorly supplemented by high demand from the footwear industry
Extensive R&D activities in the field of developing eco-friendly grades have led to the creation of several improved product grades, which is expected to help boost the market
Recently, PolyOne Corp. announced to initiate TPE production at its production facility in Pune, India, which will allow the company to cater to the domestic consumer needs

Automotive Appearance Chemicals Market Worth $1.59 Billion By 2025

The global Automotive Appearance Chemicals Market is anticipated to reach a market size of USD 1.59 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for appearance chemicals from the automotive industry is a key factor driving the growth of automotive appearance chemicals. In addition, the robust growth of the automotive industry in the emerging economies of Asia Pacific is expected to further drive the product demand over the forecast period.

Waxes, polishes, interior & exterior car care products, paint protection, tire cleaners, and glass cleaners are the various types of automotive appearance chemicals available in the market. Technological advancements have led to the increasing awareness among consumers about the advantages of automotive appearance chemicals.

In terms of revenue, cars accounted as the largest application segment in 2016 and the trend is expected to continue over the forecast period at an estimated CAGR of 4.3%. Increasing demand for luxury and vintage cars is also expected to further augment the product use. Furthermore, with a rise in the disposable income in countries such as the U.S., India, and China, the demand for luxury cars and sports utility vehicles, which constitute the highest consumption of appearance enhancement products is expected to grow, thereby driving the overall growth.

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

Further key findings from the report suggest:

The LCV segment is likely to register the fastest growth, in terms of volume, denoting a CAGR of 5.1% from 2017 to 2025, on account of growing sales of LCVs for logistics and transportation functions across several end-use industries
Polishes emerged as the largest product segment in 2016, in terms of revenue, and the trend is estimated to continue over the forecast period owing to superior and widespread functionalities and affordable prices
The wax segment recorded a revenue of over USD 300 million in 2016 and is anticipated to experience steady growth in the coming years on account of increasing use of the product for surface shine functions, especially in the car aftermarket
The Asia Pacific regional segment is projected to grow substantially over the forecast period owing to the robust growth of the automotive industry, most notably in countries such as India and China. In terms of revenue, the regional segment is expected to record a CAGR of 6.0% from 2017 to 2025.
Key players in the industry are primarily focusing on product development and geographic expansions to strengthen and improve their positions in the global industry

About Us:Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Monday, 11 November 2019

Needle Coke Market Research Insights, 2019-2025

The global Needle Coke Market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period, according to a new report by Grand View Research, Inc. Surging demand for needle coke in the manufacturing of lithium-ion battery is a key factor driving the industry growth.

Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in electric vehicles is likely to remain a key driving factor for market growth in this region.

Rapid increase in demand for lithium-ion batteries from the automotive industry is expected to fuel the growth of needle coke industry. In addition, rising focus on the reduction of automobile weight to improve fuel efficiency and reduce carbon emissions is anticipated to drive the industry growth further. Graphite helps in providing substantial weight reduction and enhances the efficiency of batteries.

ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke are the major players in the market for needle coke. These companies have a strong customer base, differential product offerings, and a robust distribution network across the globe. The threat of new entrants in the market is low due to high initial investments required for setting up manufacturing units and stringent government regulations.

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

Further key findings from the report suggest:

Premium-grade segment is expected to grow at a CAGR of 6.9%, in terms of revenue, from 2019 to 2025 owing to the rising installation of ultra-high power electrical arc furnaces (EAF) and growing requirement for graphite electrodes in steel industry
Electrode was the dominant application segment in 2018 with over 64.0% of the volume share
Asia Pacific was the major market for needle coke and accounted for 63.7% of the overall volume in 2018
Asbury Carbons Inc.; JXTG Nippon Oil & Energy Corp.; China National Petroleum Corp.; Baosteel Group; Indian Oil Corporation Limited; Hongte Chemical Industry (Group) Co. Ltd.; Sojitz JECT Corp.; and Seadrift Coke L.P. are some of the key companies in the needle coke market
In December 2018, Mitsubishi Chemical Corporation announced plans to increase the production capacity at its Yokkaichi Plant. The plant produces electrodes that are used in lithium-ion batteries.

Friday, 8 November 2019

Oxidized Polyethylene Wax Market Size is Projected to Witness 9.7% CAGR till 2025

The global Oxidized Polyethylene Wax Market size is projected to reach USD 446.4 million by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.7% during the forecast period. The growth is majorly driven by rising demand for product in coatings and rubber processing industries.

Asia Pacific is the largest consumer of oxidized Polyethylene (PE) wax with China holding the highest market share. Growth of automotive industry has led to high demand for tire production which is yet another key market driver. However, companies such as Braskem have been successful in the production of bio-ethylene which have the same chemical and physical properties as that of fossil fuel derivatives.

Growing paints and coatings industry in Asia Pacific has been showing increased demand for the product, especially in countries such as China and India. Moreover, continuous efforts taken by China to develop shale gas will be a decisive factor for the region to benefit from lower raw material prices.

Polyethylene wax and oxidized polyethylene wax are both used in paints and coating applications. The advantage of Oxidized PE wax over its precursor is, it emulsifies more easily in water when added with an emulsifying agent. Moreover, oxidized waxes are typically cationic in nature and chemically more stable. In coating applications, oxidized PE wax is used in temporary protective coatings, wood finishes, textile, glass, leather, fruits, paper, and chlorinated rubber coating.

Ethylene is the major raw material used for manufacturing oxidized polyethylene wax and it finds high demand in various application segments. Since the past few years, increasing capacities of petroleum refineries and manufacturers of petroleum products have been insufficient to meet the parallel increase in product demand across end-use industries, and hence it has created supply demand gap in the market.

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

Further key findings from the report suggest:

High density PE (HDPE) wax is the dominant product owing to its properties such as low viscosity, good hardness and high softening point, and compatibility with various substrates
Asia Pacific countries are the largest consumers of ethylene with growing consumption into construction, packaging, and automotive sector. Demand in packaging applications is dominating over others owing to characteristics of the product such as thermal resistance, corrosion resistance and lightweight
China is the largest paints and coatings market and is expected to grow irrespective of economic growth. Major automobile manufacturers are also shifting their bases to this country which is further anticipated to have a positive impact on the product consumption
Some of the key participants operating in the oxidized polyethylene wax market are Innospec, Clariant International AG, CNPC, BASF SE, Marcus Oil, Lubrizol, and Trecora Chemicals among others