Bulk Chemical Industry reports: March 2022

Monday, 28 March 2022

Parenteral Nutrition Market Size Worth $10.7 Billion By 2030

The global Parenteral Nutrition Market size is expected to reach USD 10.7 billion by 2030 and is expected to expand at a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing incidences of chronic diseases, such as cancer, diabetes, and other neurological conditions; surge in essential nutrition deficiency among critically ill patients; and growing awareness pertaining to hospital-related malnutrition are few key factors increasing the adoption of parenteral nutrition. Parenteral drug administration provides the benefit of fast action and lower dose delivery, which prevent various adverse effects because of dietary imbalances, thereby promoting market growth. However, the high risk of infection during administration and growing preference for enteral nutrition among patients are major factors restricting the market growth.

With the increasing population, healthcare costs and food expenditure for a household and the nation are growing. Hence, a higher birth rate is expected to impact nutrition level, thereby acting as a driver for the market. Realized natality plays a more prominent role than absolute natality (crude birth rate), as it includes environmental as well as resource pressures, such as water, food, and medication requirements per birth. Realized natality has been growing in the last decade and is anticipated to maintain growth over the forecast period. In 2020, the natality rate reported by the National Center for Health Statistics (NCHS) is 11.99 births per 1,000 population. Furthermore, the percentage of lower-weight infants was 8.0%, thereby boosting the demand for PN products worldwide.

Related Press Release@ Parenteral Nutrition Market Report

Parenteral Nutrition Market Report Highlights

Key players operating in the market are mainly focused on enhancing patient safety. Companies are also focusing on advancing their PN products to complement the parenteral nutrition compounding by incorporating technologies, such as barcode‐assisted medication
The ability to provide improved lipid and protein formulations to patients is one of the key parameters that companies leverage to differentiate their products from competitors.
Also, high infection rate, poor water quality and sanitation facilities, and lack of awareness are prevalent factors increasing the incidence of malnourishment in developing nations, which creates a significant demand for PN sources, thereby aiding market growth
The single-dose amino acid solution nutrient type segment dominated the market in 2021 due to the introduction of newly available amino acid solutions with minimal side effects
North America dominated the global market in 2021 owing to the rising incidence of chronic conditions & malnutrition, coupled with increasing U.S. FDA approvals in the region

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

Pharmaceutical Packaging Market: Current Scenarios and Opportunities

The global Pharmaceutical Packaging Market size is expected to reach USD 265.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.5% from 2021 to 2030. The increasing prevalence of chronic diseases, coupled with the growth of the pharmaceutical industry, is anticipated to augment the consumption of pharmaceutical packaging products.

Ban on counterfeit products in North America and Europe is expected to be a major driver for the market as major companies are likely to invest significantly in anti-counterfeit packaging products. Blow-Fill-Seal (BFS) technology allows customized design for high-quality containers with tamper-evident closures in multiple shapes and sizes. Therefore, the growing demand for anti-counterfeiting packaging, along with the advent of technology, is likely to support the growth of tamper-evident pharmaceutical packaging.

Companies are focusing on using sustainable materials for packaging owing to the rising concerns over the generation of packaging waste that is difficult to degrade. Bioplastic is likely to gain traction in the market as it is derived from renewable plant-based sources and is biodegradable unlike the plastics and polymers derived from fossil fuels. In December 2019, Sanner GmbH, a Germany-based packaging manufacturer, introduced BioBase effervescent tablet packaging derived from corn and sugarcane. Such novel sustainable packaging solutions are expected to boost the growth of the market.

Pharmaceutical manufacturers are likely to prefer blister packaging for tablets and capsules as these are more sustainable with minimal usage of packaging material as compared to rigid bottles. In addition, the transparency of blister packs provides a clear product display and provides tamper-resistant features. The outbreak of COVID-19 has significantly increased the demand for various pharmaceutical drugs across the world, thereby propelling the demand for pharmaceutical manufacturing and their packaging. Rapid development and production of the vaccine in the year 2020 are anticipated to increase pharmaceutical manufacturing considerably, primarily benefitting the manufacturers of packaging vials in the near future.

Market players have been trying to increase their production capabilities as well as expand their geographic reach. In addition, companies are introducing and investing in high-tech packaging solutions with the changing environment. For instance, in April 2020, Schott AG introduced smart containers, which are laser-marked with a unique identifier to create robust traceability throughout the manufacturing process. Companies are expected to invest significantly in such developments in the coming years to strengthen their market position.

Related Press Release@ Pharmaceutical Packaging Market Report

Pharmaceutical Packaging Market Report Highlights

In terms of revenue, the glass material segment is projected to expand at the highest CAGR of 10.2% over the forecast period. Strong chemical resistance to various medicinal products and the ability to withstand heating treatment during the sterilization process is expected to expand the penetration of glass packaging
The contract packaging end-use segment is expected to witness the fastest growth over the forecast period. Regulatory requirements associated with pharmaceuticals and their packaging are gradually becoming stringent, and contract packaging organizations are in a better place to address those changes. This factor is boosting the demand for contract packaging services
Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2030. This growth is due to the rapidly expanding pharmaceutical market, particularly in China and India, and rising cases of various diseases, such as cancer and heart problems

Tuesday, 15 March 2022

Waste Recycling Services Market Key Players, Industry Share, Growth, And Forecast To 2028

The global Waste Recycling Services Market size is anticipated to reach USD 81.3 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Eurokey Recycling, Ltd., Northstar Recycling, Triple M Metal LP, Amdahl Corp., Interface, Inc., Covanta are some of the key players in this industry. Rising awareness pertaining to effective waste disposal in sustaining human and animal health has resulted in the development of numerous disposal systems and processes, which is expected to complement market growth.

Waste recycling service is an important component of urban infrastructure owing to its ability to protect both the environment and human health, which is a political as well as environmental concern. Waste management is intertwined with a variety of concerns, including urban lifestyles, resource consumption patterns, and other socioeconomic and cultural aspects.

Rapid industrialization has boosted the consumption of harmful chemicals, resulting in the generation of a substantial amount of hazardous waste. Furthermore, increased agricultural production has boosted the livestock & agricultural crop wastes along with agro-industrial by-products. Thus, increased generation of waste is likely to boost the demand for services for waste recycling.

Governments across the world are embracing the public-private partnership model to match the operational knowledge provided by the private sector. Rising focus on greening the waste recycling industry with emphasis on the 3Rs i.e. reduce, reuse, and recycle is critical to achieving the environmental, economic, and social goals of sustainable development, thereby driving the market growth.

Related Press Release@ Waste Recycling Services Market Report

Waste Recycling Services Market Report Highlights

The municipal segment accounted for over 53% of the global revenue share in 2020 owing to the implementation of policy frameworks and increasing investments in municipal trash recycling services in developing economies of India, China, Bangladesh, and Thailand
Electronic waste accounted for a significant market share in 2020 as manufacturers are focusing on recycling, disposing, and reusing to ensure a sustainable future, both in developed and developing economies
Plastics are projected to witness a CAGR of 7.0% from 2020 to 2028 on account of initiatives undertaken by various governments, environmentalists, and non-profit organizations globally to reduce plastic waste and meet sustainable development goals
Asia Pacific accounted for more than 39% of the global revenue share in 2020 due to the rapid industrialization, population expansion, and economic growth, resulting in increased waste generation
The global market has witnessed significant technical improvements and sustainability, which have aided the service providers to reduce operating costs and enhance profit margins

Petrochemicals Market: Future Trends, Revenue Growth & Leading Players, Forecast To 2028

The global Petrochemicals Market size is estimated to reach USD 860.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028. BASF SE, Chevron Corporation, China National Petroleum Corporation (CNPC), China Petrochemical Corporation (SINOPEC), ExxonMobil Corporation, INEOS Group Ltd. are some of the key players in this industry. The market is largely driven by rising demand for downstream specialty chemicals and plastic manufacturing. The market is expected to witness steady growth over the forecast period owing to increasing demand from end-use industries such as construction, industrial, textile, medical, pharmaceuticals, consumer good automotive, and electronics.

Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for product manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years.

The competitive rivalry among producers of petrochemicals is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players have been dominating the industry for the past few years owing to increasing investments in R&D activities related to new product development and manufacturing processes.

Asia Pacific was the dominating region in 2020 and is predicted to witness the highest CAGR over the forecast period. Factors such as increasing crude oil refining capacity, growing population, and improving standard of living of the masses are expected to fuel the growth of the market in Asia Pacific in the coming years.

Related Press Release@ Petrochemicals Market Report

Petrochemicals Market Report Highlights

In 2020, ethylene emerged as the dominant product segment by contributing over 40.7% revenue share as it is majorly utilized for the formulation of various derivatives such as ethylene oxide, polyethylene, Ethylene Dichloride (EDC), ethylbenzene, and styrene
Polyethylene was the major application of ethylene product amounting for 64.1% of the revenue share. The consumption of polyethylene is driven by the rising demand for High-density Polyethylene (HDPE) for blow molding across the globe
Butadiene was the second-largest product segment in 2020 and is expected to witness a CAGR of 5.9% in the coming years as it is a key building block used in the manufacturing of several chemicals and materials employed in industries such as consumer durables, healthcare, and building and construction
Asia Pacific was the dominating region both in terms of revenue and volume owing to increasing demand for petrochemicals from various end-use industries including transportation, packaging, and construction

Friday, 11 March 2022

Flame Retardant Market Size Worth $12.99 Billion By 2028

The global Flame Retardant Market size is anticipated to reach USD 12.99 billion by 2028, registering a CAGR of 8.0% over the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to the growing application scope in key end-use industries including automotive, electrical & electronics, transportation, construction, and others. In addition, increasing demand for these products in applications, such as polyolefin, Engineering Thermoplastics (ETP), epoxy resins, Polyvinyl Chloride (PVC), and rubber, coupled with the presence of favorable government regulations, especially in Asia Pacific, North, America, and Europe, will drive the market in the coming years.

Halogenated products, including brominated, chlorinated, phosphate-based, and antimony trioxide-based, are widely used in various applications, such as printed wiring boards, wires & cables, floorings, flexible polyurethane foams, polyolefins, polyamides, wall sheeting, refrigeration, and others. The demand for environmentally friendly products, such as non-halogenated flame retardants, is growing at a rapid pace. The Asia Pacific, North America, and Europe regions have emerged as the largest consumers owing to the presence of stringent environmental sustainability policies and the rising awareness about fire safety among consumers.

Phosphorus-based flame retardants, both chlorinated and non-halogenated, are extensively used in flexible and rigid polyurethane foams and the demand is anticipated to augment in the coming years. They have wide application prospects, and it is a vital part of inorganic flame retardants. These products can be divided into inorganic and organic phosphorous products. Asia Pacific holds a substantially high share owing to the increasing product penetration in the end-use industries including automotive, electrical & electronics, construction, and others. The markets in Asia Pacific are witnessing high production, especially in countries, such as India, China, Japan, and South Korea, owing to the growing emphasis on eco-labeled fire resistance products.

The COVID-19 pandemic has highly impacted the growth of the automotive and construction, sectors. The halting of manufacturing activities, slowing down of construction projects, and ongoing labor shortages owing to travel restrictions are expected to affect the demand for the products and their derivatives in construction applications over the forecast period. The global market is highly competitive due to the presence of a large number of multinationals that are engaged in constant R&D activities. Companies, such as BASF SE, Clariant, DuPont, DSM, Albemarle Corp., and LANXESS have a global presence and dominate the market due to a wide range of products for each application market. A majority of these companies have integrated their business operations across the value chain.

Related Press Release@ Flame Retardant Market Report

Flame Retardant Market Report Highlights

Asia Pacific was the dominant regional market in 2020 owing to the increased investments in the end-use industries, such as transportation and construction, especially in developing countries like India
The U.S. accounted for the largest share of the North America regional market in 2020 due to the large-scale production and rapid growth of the electrical & electronics, automotive, and construction sectors in the U.S.
The non-halogenated product segment accounted for the highest revenue as well as volume share in 2020 owing to increased environmental concerns and stringent government regulations
The bromine-based halogenated product segment led the market in 2020, in terms of revenue, owing to the high demand as a result of their low cost and high performance
In 2020, aluminum hydroxide emerged as the largest non-halogenated product segment, in terms of both volume and revenue, owing to its non-toxic nature and low cost

Calcium Hypochlorite Market: Industry Insights By Application and Region

The global Calcium Hypochlorite Market size is expected to reach USD 1.34 billion by 2028, according to a new study by Grand View Research, Inc. The market is estimated to register a CAGR of 11.2% during the forecast years. Increasing demand for calcium hypochlorite from different end-user applications including household cleaners, water treatment, and agriculture is positively impacting the market growth. It is used as a filtering agent, a retention agent, a drying agent, and an oil chemical assistant.

Calcium hypochlorite is mainly used to disinfect drinking water and public swimming pools. Its growing usage in spas, swimming pools, etc. is anticipated to boost the market growth. The rising demand for establishing improved drinking water facilities is anticipated to offer growth opportunities for the industry. Moreover, a rise in the usage of hygiene products to prevent different water-borne diseases, such as typhoid and cholera, is expected to further fuel the demand over the coming years, thereby leading to the growth of the market.

Calcium hypochlorite is a chemical compound that can be produced through the calcium process and the sodium process. Calcium hypochlorite made using sodium process is gaining higher demand than the ones developed from calcium process, as the former offers better whiteness, more effective form of chlorine extracts in terms of its ability to kill maximum number viruses and bacteria, lesser precipitation, and higher thermal stability, as well as lower moisture absorption property. The demand for the product is increasing in detergent manufacturing on account of no toxic residues, antimicrobial properties, high performance even in hard water, ability to remove microorganisms, and low cost.

The market was positively impacted by the COVID-19 outbreak in the first half of 2020 due to the high demand for disinfectants and cleaners from various end-use applications, such as households, hospitality, pharmaceuticals, and retailers. The rising awareness among consumers about the need to maintain hygiene levels is expected to further trigger the product demand. With the disruption of the supply chain and growing trade uncertainties, some economies have proclaimed to momentarily allow calcium hypochlorite manufacturers to procure raw materials from unlisted agencies. Companies are heavily investing to improve the production, logistics, and quality of their existing products. These factors are expected to drive the demand in the coming years.

Related Press Release@ Calcium Hypochlorite Market Report

Calcium Hypochlorite Market Report Highlights

The market is projected to grow at a significant CAGR from 2021 to 2028 due to the increasing product consumption in water treatment applications across the globe
The sodium process emerged as the largest process segment in 2020 and is estimated to retain the leading position throughout the forecast years. This process yields lower precipitation and eliminates the majority of the bacteria
Asia Pacific is projected to witness the fastest CAGR over the estimated period owing to the rapid economic growth across countries, such as India, China, and Japan
The rapid development of detergent and disinfectant manufacturing industries in APAC due to the COVID-19 pandemic is also fueling the product demand in the regional market
The U.S. market is projected to grow at a considerable CAGR from 2021 to 2028 due to the increasing consumer preference for private pools and spas, which requires a high amount of calcium hypochlorite to maintain water quality

Plastic Compounds Market Size is Estimated to Witness 5.1% CAGR till 2028

The global Plastic Compounds Market size is expected to reach USD 98.65 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. The market is estimated to be driven by packaging applications across the globe. The product demand in the packaging industry is driven by high consumerism in major economies, such as China, India, Germany, the U.S., and Brazil. Various regulatory bodies have stipulated guidelines regarding packaging materials in food contact applications. Polypropylene (PP) compounds offer a cost-effective packaging solution and help enhance impact strength, flexibility, clarity, and process efficiency. High demand for Polyethylene (PE) in the packaging industry has majorly contributed to the growth of the packaging end-use segment.

The global COVID-19 pandemic moderately affected the product demand in packaging application in 2020. The demand for packaging for healthcare products, food products, groceries, and e-commerce transportation increased sharply, while the demand for luxury, industrial, and some B2B transport packaging witnessed decline owing to the slowdown and halt in industrial operations. The recommencing industrial operation is expected to positively influence the demand in industrial, and B2B transport packaging in the coming years.

The glass fiber reinforce filler segment is estimated to witness significant growth over the forecast period as these compounds are widely used in building & construction applications. Moreover, they are used to construct domes, fountains, columns, planters, panels, sculptures, façade, roofs, and various other construction components. Components produced using glass fiber reinforced plastics have one-fourth of the weight of steel with similar tensile and compressive strength. Thus, the growth of the building & construction activities across the globe is likely to drive the segment over the forecast period. Glass fiber reinforced plastic is also used for manufacturing boats, which requires water resistance to prevent corrosion and improve the service life of boats.

Related Press Release@ Plastic Compounds Market Report

Plastic Compounds Market Report Highlights

In terms of revenue, the automotive end-use segment accounted for the largest revenue share of the global market in 2020 and is expected to witness prominent growth over the forecast period
Asia Pacific was the dominant regional market in 2020 owing to the growing demand for automobiles in the region coupled with favorable FDI norms by various governments encouraging the adoption of Electric Vehicles (EVs)
Strategic partnerships, capacity expansions, and new product developments are popular strategies adopted by a majority of players operating in this market
For instance, in January 2021, Eurostar Engineering Plastics was acquired by Ascend Performance Materials, a Houston-based manufacturer of polyamide 66 resin
This acquisition helped both the companies to expand their compounding product market globally

North America Automotive Foams Market: Future Trends, Revenue Growth & Leading Players, Forecast To 2028

The North America Automotive Foams Market size is anticipated to reach USD 3.26 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 3.7% over the forecast period. The market growth is credited to the rapid expansion of the automotive industry in the U.S., Canada, and Mexico. Vehicles are considered a status symbol in society, which has propelled vehicle sales due to transitioning lifestyles and the easy availability of low-end models of cars by prominent automotive OEMs. Also, rising sales of Electric Vehicles (EVs) due to environmental concerns arising from petrol and diesel vehicles are expected to drive the market.

The U.S. is the regional market that held the maximum revenue share. The automotive OEMs and their suppliers in the U.S. are constantly innovating their product range by providing maximum comfort for better driving and commuting experience. This has propelled them to include automotive foams due to their softness, low heat transfer properties, and flexibility. The automotive foams are produced from Polyurethane (PU), and polyolefins like Ethylene-vinyl Acetate (EVA), Polyethylene (PE), Polypropylene (PP), and ethylene propylene diene monomer.

They are used in various automotive components, such as seating, armrests, door panels, bumpers, headliners, gaskets, and automotive trims, reducing the vehicle’s overall weight. This helps in improving the fuel efficiency of the vehicle. Polyurethane and polypropylene are the most widely used materials in the manufacturing of automotive foams. Their superior properties, including durability, high-load bearing capacity, impact resistance, and chemical resistance make them suitable for a variety of applications mentioned above.

Related Press Release@ North America Automotive Foams Market Report

North America Automotive Foams Market Report Highlights

The market was valued at USD 2.45 billion in 2020 and is estimated to grow at a CAGR of 3.7% from 2021 to 2028
The seating application segment is expected to witness a significant CAGR of 3.6% over the forecast period
This growth can be credited to the rising demand for comfort and effective cushioning in automotive seats
The PU type segment accounted for a significant share of the overall revenue in 2020 and will expand further at a steady CAGR from 2021 to 2028
This growth is credited to the rising demand for PU foams owing to their high compressibility, durability, water & chemical resistance, and low weight
The U.S. accounted for the maximum share of the overall revenue in 2020. The market in the U.S. is also expected to witness the fastest CAGR during the forecast period

Europe Wood Activated Carbon Market Worth $62.7 Million By 2028

The Europe Wood Activated Carbon Market size is expected to reach USD 62.7 million by 2028, registering a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding water quality are expected to drive the market. With the alarming rate of adverse effects of contaminated water on human health, there is a proportionate increase in demand for wastewater treatment technologies in Europe.

Almost 70.0% of the wastewater generated goes for treatment in Europe. In Russian Federation, the volume of wastewater treatment is about 14 cubic kilometers annually. The retreated water is predominantly used for agricultural irrigation and environmental applications. Moreover, increasing water scarcity due to increased urbanization and population explosion are creating the demand for wood activated carbon in wastewater applications.

Major industry participants are investing in research and development. Due to fierce industry rivalry, there has been an increased effort by companies to achieve high product differentiation. Government and companies are taking efforts to encourage the use of activated carbon within key end-use industries. All these factors are expected to benefit the market over the forecast period.

Related Press Release@ Europe Wood Activated Carbon Market Report

Europe Wood Activated Carbon Market Report Highlights

The powdered segment dominated the market due to its high adsorption capacity and ability to fulfill broad treatment objectives and remove a range of particulates
The water and air filtration application segment is expected to witness substantial growth over the forecast period owing to its ability to absorb toxins, viruses, bacteria, fungus, drugs, and chemicals found in water and air
In France, the market is expected to witness substantial growth over the forecast period owing to the presence of major cosmetic manufacturers in the country. France is a prominent manufacturer as well as an exporter of cosmetic products