Bulk Chemical Industry reports: October 2021

Wednesday, 27 October 2021

Europe Gamma Butyrolactone Market Size, Share, Analysis and Forecast to 2028

The Europe Gamma Butyrolactone Market size is expected to reach USD 1.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.7% from 2021 to 2028. The market is majorly driven by rising demand for electronic products, organic chemicals, and other major application industries.

The rising demand for semiconductors in television sets, refrigerators, washing machines, Light-emitting Diode (LED) bulbs, and computers and the increasing use of electrical batteries in electric vehicles, mobiles, and flashlights due to surging demand for compact and technologically advanced devices, can provide lucrative opportunities for manufacturers of electric capacitance class gamma butyrolactone during the forecast period.

Gamma butyrolactone demand in France is primarily driven by the growing usage of organic products due to rising awareness about the adverse effects of consuming harmful chemicals. Expanding agricultural sector is likely to boost the demand for agrochemicals, thereby, benefitting the market.

The key raw material suppliers include manufacturers of 1-4 butanediol and catalysts. Globally, butane prices depend on the price trend of crude oil. Therefore, volatile crude oil prices may result in high fluctuation in butane prices over the forecast period. Petroleum derivatives are highly dependent on crude oil pricing and downstream demand. Government regulations have an equal impact on the overall profitability of manufacturers of the chemical compound.

The market in this region is dominated by large multinational corporations such as BASF SE, Ashland, Mitsubishi Chemical Corporation, and LyondellBasell Industries Holdings B.V. Product manufacturers such as Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., BASF SE are involved in selling their products through third-party distributors in Europe.

Related Press Release@ Europe Gamma Butyrolactone Market Report

Europe Gamma Butyrolactone Market Report Highlights

In terms of revenue, electrical application accounted for the highest share of more than 36.0% in 2020 on account of increasing demand for semiconductors in the manufacture of a variety of goods electronic goods
As of 2020, France accounted for the highest revenue share of 28.3% due to the growing agricultural sector in the country
As of 2020, the electric capacitance product segment accounted for the highest revenue share owing to its growing penetration as a solvent in the manufacturing process of semiconductors
The rising demand for semiconductors in refrigerators, Light-emitting Diode (LED) bulbs, computers, and other technologically advanced devices can provide lucrative opportunities for manufacturers of electric capacitance class gamma butyrolactone
Growing construction activities in France, Italy, the U.K., and Spain is poised to reflect steady market growth over the coming years

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 October 2021

Middle East & Africa Aluminum Foil Packaging Market to Witness a Strong Growth During 2021– 2028

The Middle East & Africa Aluminum Foil Packaging Market size is expected to reach USD 2.85 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Some of the key players of this industry are Amcor plc, Constantia Flexibles, Novelis Aluminum, Raviraj Foils Ltd. The growth is driven by the shift of oil economies in the Middle East toward non-oil industries, including food & beverage, pharmaceutical, and cosmetics.

Aluminum pouches and aluminum containers are being increasingly preferred for takeaway parcels by foodservice outlets owing to the performance benefits of aluminum foils. Aluminum foil packaging is recyclable and thereby expected to achieve significant gains in the flexible packaging segment in the region.

The governmental initiatives to curb the generation of plastic wastage are further expected to support market growth. In February 2017, officials in Jeddah, Saudi Arabia urged foodservice outlets, such as restaurants and bakeries, to stop using plastic bags and replace them with paper bags or aluminum foil containers. Such regulations are expected to be more prevalent in the coming years in response to the issues associated with plastic waste, thereby supporting the product demand.

Countries, such as Saudi Arabia and UAE, have witnessed an increased number of tourists over the past few years. This is expected to result in the growth of foodservice outlets and Quick-Service Restaurants (QSRs) in the region. This is expected to augment the consumption of aluminum packaging products, such as pouches and containers.

The COVID-19 pandemic has significantly increased the demand for home delivery of food packets due to restrictions on public movement on streets. Changing consumer behavior has resulted in increased demand at foodservice outlets, wherein aluminum packaging products are majorly used. This is expected to fuel the product demand for takeaway foods, thereby supporting market growth.

Related Press Release@ Middle East & Africa Aluminum Foil Packaging Market Report

Middle East & Africa Aluminum Foil Packaging Market Report Highlights

In terms of revenue, the pouches segment is projected to ascend at the highest CAGR of 5.9% over the forecast period. Aluminum foil pouches are used as a primary packaging solution for products, such as tea or plant-based products, as it offers barrier properties against moisture, gases, and light and thereby retains the aroma of the packed products
The pharmaceutical end-use segment accounted for a revenue share of 17.7% in 2020. With increasing governmental initiatives, such as the VISION 2030 plan of Saudi Arabia, towards the development of non-oil-based industries are expected to support pharmaceutical manufacturing in the region. This is expected to contribute to the market growth in the years to come
Egypt is projected to be the fastest-growing region over the forecast period owing to the growing food & beverage and pharmaceutical industries. Pharmaceutical manufacturers in the country have been focusing on expanding production capacities to meet the growing demand for drugs. For instance, Sanofi increased the investment in pharmaceuticals in Egypt by 50% in 2019 to gain a higher market share
Major manufacturers operating in Middle East & Africa (MEA) are increasingly emphasizing sustainable packaging solutions. For instance, in January and October 2018, Amcor plc and Constantia Flexibles pledged to make 100% of their portfolio recyclable or reusable by 2025, respectively. This is expected to support the production of aluminum foil-based packaging solutions

Wednesday, 6 October 2021

Food Grade Lubricants Market Size is Expected to Experience a CAGR of 8.6% till 2028

The global Food Grade Lubricants Market size is expected to reach USD 657.2 million by 2028, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028. The growth is majorly driven by rising demand from end-use industries and rising awareness for sustainable alternatives over petrochemical feedstock such as bio-based products coupled with expanding the food and beverages industry. Some of the prominent players in the food grade lubricants market include Exxon Mobil Corporation, CITGO Petroleum Corporation, Total S.A., Petro-Canada Lubricants Inc, Chevron Corporation

Bio-based lubricants have registered comparatively slower market growth in the past couple of decades due to their limited application scope, poor public image, higher prices, performance shortcomings, and more. However, with increased supply of high-performance, technologically advanced, cost-competitive lubricating products based on petroleum-based feedstock’s, synthetic bio-based formulations, the demand for bio-based products is picking up pace and is likely to achieve the highest growth rate over the coming years.

The market is expected to grow continuously over the coming years owing to increasing demand from end-use industries such as foods, beverages, cosmetics, pharmaceuticals, and others, coupled with favorable government regulations, specifically in the Asia Pacific, Latin America, and the Middle East region. Products such as mineral oils, synthetic, and bio-based oils are widely used in various applications such as dairy, confectionery, sports drinks, bakery, and carbonated soft drinks.

In terms of supply and demand at a global level, manufacturers are inclined toward raw material procurement as the key raw materials used for the production: synthetic, mineral oils, and bio-based products are used in the formulation of lubricants. Major oil & gas companies are integrated manufacturers, which ensure steady raw material supply to manufacture mineral oils & additives needed for the production of lubricating oil products.

Increasing demand for grease and lubricants in modern machinery is expected to boost the overall market growth in European countries such as Russia, France, and Spain with well-established and developed manufacturing sectors. Consumers in the region are more aware of the health benefits of processed foods items which, in turn, is anticipated to positively impact the market demand over the forecast period. Moreover, advancements in the manufacturing sector, especially food processing, are likely to positively impact the growth of the product in the region.

Related Press Release@ Food Grade Lubricants Market Report

Food Grade Lubricants Market Report Highlights

The mineral product segment accounted for the largest revenue share of nearly 61.0% in 2020 owing to low cost of the product as compared to its counterparts
Asia Pacific is poised to reflect highest revenue-based CAGR of 10.3% over the forecast period due to changing trends of the food industry and growing consumer acceptance of processed food in countries like China, India, Japan, and others
The food application segment dominated the market and accounted for the largest revenue share of approximately 65.0% in 2020 owing to rising demand for processed food products, especially in the developing economies
Increasing mergers and acquisitions and new product development by key industry participants are factors anticipated to pave way for higher demand for food-grade lubricants products worldwide for the next couple of years
The market is highly competitive in nature due to the presence of a large number of multinationals focusing on R&D activities, capacity expansions, signing partnership agreements with distributors, and various other operational strategies to gain an edge in the competitive market space

Food Grade Lubricants Market Key Players, Industry Share, Growth, And Forecast To 2028

Related Press Release@ Food Grade Lubricants Market Report

Food Grade Lubricants Market Report Highlights

The mineral product segment accounted for the largest revenue share of nearly 61.0% in 2020 owing to low cost of the product as compared to its counterparts
Asia Pacific is poised to reflect highest revenue-based CAGR of 10.3% over the forecast period due to changing trends of the food industry and growing consumer acceptance of processed food in countries like China, India, Japan, and others
The food application segment dominated the market and accounted for the largest revenue share of approximately 65.0% in 2020 owing to rising demand for processed food products, especially in the developing economies
Increasing mergers and acquisitions and new product development by key industry participants are factors anticipated to pave way for higher demand for food-grade lubricants products worldwide for the next couple of years
The market is highly competitive in nature due to the presence of a large number of multinationals focusing on R&D activities, capacity expansions, signing partnership agreements with distributors, and various other operational strategies to gain an edge in the competitive market space

Asia Pacific Plastics in Consumer Electronics Market Size Worth $5.3 Billion By 2028

The Asia Pacific Plastics In Consumer Electronics Market size is expected to reach USD 5.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Polyplastics Co., Ltd, and Teijin Limited are emerging players in the Asia Pacific market in consumer electronics. Plastics resins such as polycarbonate (PC) and a blend of polycarbonate and acrylonitrile butadiene styrene (PC/ABS) are used in the manufacturing of casings for mobile phones and laptops housings due to their high impact resistance, lightweight, and high thermal conductivity properties.

The globalization of the manufacturing sector has propelled many electronic device-manufacturing companies to expand their manufacturing facilities or outsource their production to contract manufacturers based in other countries of Asia Pacific. This has propelled the manufacturers in overcoming the manufacturing and supply chain challenges. Factors such as low cost of production and lenient government regulations in Asia Pacific countries have been beneficial to major electronic brands.

The COVID-19 pandemic in 2020 disrupted the electronics supply chain since Chinese facilities were forced to shut down. This propelled electronic device manufacturers to diversify production facilities. Moreover, many China-based and international brands have shifted their assembling operations to India and Vietnam, where production costs are considerably lower than in China. In 2016, China’s labor costs accelerated due to the dependency of major electronic companies on China.

The dependency of electronic manufacturers from developed economies such as Europe and North America on Asia Pacific countries for electronics production coupled with rising demand for electronic devices across the world is expected to drive the demand for plastics in consumer electronics over the forecast period.

Mobile phone manufacturers in the Asia Pacific region including LG Electronics, SAMSUNG, OnePlus, and others provide technologically advanced mobile phones to meet the rising demand from the growing population. This has propelled the manufacturers to provide durable devices with a longer lifespan. This trend is expected to be followed throughout the forecast period propelling the demand for polycarbonate across mobile phone manufacturers in the region.

Strategic partnerships, capacity expansions, and new product developments are popular strategies adopted by a majority of the players operating in the plastics for consumer electronics market across the region. For instance, in January 2021, Celanese Corporation announced to establish a liquid crystal polymer polymerization plant in China to manufacture approximately 20 Tons of LCP per year to meet the growing demands. The first phase of the plant is expected to be completed in 2024.

Request a free sample copy or view report summary: Asia Pacific Plastics in Consumer Electronics Market Report

Asia Pacific Plastics in Consumer Electronics Market Report Highlights

In terms of revenue, the polyamide segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
The laptop monitor enclosure end-use segment dominated the market and accounted for more than 22.0% of the revenue share in 2020
As of 2020, China accounted for more than 49.0% revenue share in the overall market. The growth is mainly due to China being among the leading consumer electronics market globally.
Polyplastics Co., Ltd, and Teijin Limited are emerging players in the Asia Pacific market in consumer electronics. The company provides its products in industries such as automobile, electronics, appliances, medical, health & beauty, and others

Monday, 4 October 2021

North America Polyphenylene Sulfide Compounds Market: Future Demand, Market Analysis & Outlook to 2030

The North America Polyphenylene Sulfide Compounds Market size is expected to reach USD 355.02 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2030. Polyphenylene sulfide (PPS) compounds are widely used in various applications across the automotive industry including thermal management, water pumps, sensors, power control units, batteries, electric motors, electric control units, and extrusion tubes.

The use of PPS compounds helps in reducing fuel consumption and improving system integration. In addition, properties such as exceptional dimensional stability and resistance to mechanical stress and corrosive automotive fluids are augmenting the product demand in automotive applications in the region. The automotive application segment is expected to dominate the market throughout the forecast period owing to the favorable properties of PPS compounds and governmental regulations for vehicle weight reduction.

The polyphenylene sulfide compounds market in North America is expected to grow owing to the growing scope in various application sectors. In electrical and electronics applications, polyphenylene sulfide compounds find application in bobbins and connectors, hard disk drives, electronic housings, sockets, switches, lamp sockets, and microwave parts, among others. Properties of polyphenylene sulfide such as exceptional dimensional stability, heat and chemical resistance, impact resistance, moldability, and rigidity over a wide range of temperatures are significantly fueling the product demand in electrical and electronics applications.

The water supply/fluid management application segment is expected to be the fastest-growing segment over the forecast years. Polyphenylene sulfide compounds help to improve the performance of water supply/fluid management. Fluids and chemicals such as insect control chemicals, automotive fluids, mild acids, and several industrial materials flow through the liquid chemical pump. Hence, achieving chemical and wear resistance is a critical factor in improving the equipment life. This is likely to boost the demand for polyphenylene sulfide compounds in water supply/fluid management, which offers excellent chemical and wear resistance properties.

Request a free sample copy or view report summary: North America Polyphenylene Sulfide Compounds Market Report

North America Polyphenylene Sulfide Compounds Market Report Highlights

In terms of revenue, the automotive application segment accounted for the largest share in 2020 and is expected to witness prominent growth over the forecast period
In 2020, the U.S. accounted for the largest revenue share of more than 70.0% in the regional market. Increasing adoption of electric vehicles owing to growing government support in the form of subsidies is further expected to fuel the demand for polyphenylene sulfide compounds in electric vehicles in the country
Increasing regulatory intervention by the U.S. Environmental Protection Agency (EPA) and the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) regarding greenhouse gas emissions and fuel economy standards for vehicles is expected to drive the demand for polyphenylene sulfide in automotive application in the coming years
Various strategic initiatives were recorded over the past few years, which fueled the growth of the market in North America. For instance, in March 2019, DIC Corporation announced to build a new production line of PPS compounds at its DIC Imaging Products USA, LLC facility in Oak Creek, Wisconsin