Warenkorb
Warenkorb leerenGesamt:
global nitric acid market Opportunities, Top Key Manufacturers and Supply Demand 2027
May 13, 2022 8:19 - no comments yetMarket Synopsis
Market Research Future speculates the global nitric acid market is estimated to register a 6.5% CAGR during the appraisal period (2020-2027) owing to the augmenting need for crop yield. Nitric acid is referred to as a corrosive and colorless mineral acid with a concentration of 70% and turns pale yellow due to the decomposition of oxides. Also termed as aqua fortis or spirit of niter, nitric acid is witnessing high demand in the manufacture of fertilizers, explosives, and nylon. It is a poisonous liquid which produces choking yellow or red fumes in moist air and is a strong oxidizing agent. Nitric acid is considered a good conductor of electricity as it ionizes readily in solution. It is miscible in water and is a slightly yellow aqueous solution treated top remove most free nitrogen oxides.
Market Proportion and Pitfalls
The global nitric acid market is majorly driven by the fertilizer industry owing to the augmenting need for crop yield in order to meet the increasing population’s demand for food. With the extensive use of calcium ammonium nitrate and ammonium nitrate in fertilizers, the market for nitric acid manufacturer is estimated to widen throughout the assessment period. Ammonium nitrate is generally derived from nitric acid and is extensively used to manufacture fertilizers and explosives. With the augmenting demand from the defense industry due to use of explosives at the cross border area, nitric acid’s production has increased. Calcium ammonium nitrate is generally used as a fertilizer solution in the agricultural sector. It is also used to produce adipic acid. Adipic acid helps in the production of nylon 6.6 which is used in the automotive, tire, and textile industry. Such factors are highly influencing the nitric acid production across the globe. Additional factors promoting the market growth are the burgeoning industrial explosive market along with the increasing demand for construction and mining activities. Moreover, with the rising defense activities owing to the increasing terrorism, there has been a growing demand for explosives, which is further estimated to propel the market growth throughout the assessment period. Also, the growing need for fertilizer in order to meet the rising food demand is likely to gear up the market growth.
On the flip side, environmental mandates against the use of ammonium nitrate fertilizers are considered to impact the demand for nitric acid adversely. Being a polluting and a hazardous manufacturing process, government from across countries have posed strict regulations which are slowing down the overall growth of the market. Ammonium nitrate fertilizers result in the loss of nitrogen in the underground water owing to leaching and nitrification.
Global Nitric Acid Market: Segmental Insights
The global Nitric Acid Market has been segmented on the basis of application.
By mode of application, the global nitric acid market has been segmented into nitrobenzene, fertilizers, adipic acid, toluene diisocyanate, and nitro chlorobenzene. Among these, the fertilizers segment is estimated to dominate the global nitric acid market and is anticipated to retain its dominance. The growth is credited to the agricultural growth in economies such as China, India, and Brazil. With the increasing demand for food along with favorable support from the government is expected to stir up the nitric acid production capacity.
Regional Insights
Geographically, the nitric acid market spans across regions namely, Europe, Asia Pacific, North America, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is considered to occupy the largest market share due to the augmenting chemical and fertilizers industry in this region. The region leads the global market and offers huge growth potential for nitric acid production owing to the continuous growth if textile, pharmaceutical, and fertilizer industry in economies such as India, China, and South Korea. Also, with the end-use industrial growth in several countries like India, South Korea, China, Japan, Vietnam, Thailand, Malaysia, and Bangladesh, the market in this region is expected to flourish. Additional factors gearing up the market growth are the increasing investment by major companies coupled with the shifting production facilities in this region.
The North American region is estimated to experience a moderate growth rate owing to the expansion of the pharmaceutical sector. On the other hand, the European region is predicted to generate a moderate growth rate due to the significant growth of textile and automobile industries.
Industry Updates
January 28, 2018: A subsidiary of Wahua Chemical Group, China, Casale and Borsodchem has recently signed a contract for supplying a new 660 tpd, nitric acid plant at the factory of Kazincbarcika situated in Hungary.
Competitive Dashboard
The prominent players operating the global nitric acid market are LyondellBasell Industries, Koch Fertilizer LLC, PVS Chemicals, The Dow Chemical Company, Agrium Inc., Apache Nitrogen Products Inc, AkzoNobel NV, Basic Chemical Solutions LLC, BASF SE, Bayer AG, and others.
Browse More Related Reports:
https://www.marketresearchfuture.com/reports/wood-coatings-market-1619
https://www.marketresearchfuture.com/reports/aramid-fiber-market-5868
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Syngas Industry 2020 Growth Statistics, Business Demand, Top Manufacturers Data 2027
May 13, 2022 7:10 - no comments yetOverview
The global syngas market is expected to grow at a higher rate. As per a report by industry experts, the market is set to register a higher compound annual growth rate (CAGR) of 9.65% in the coming years. The market is projected to reach a higher value by the end of 2027. The global demand for synthesizers is expected to rise at a faster rate. The market is set to post a higher compound annual growth rate (CAGR) of 9.65 percent in the coming years, as per a report by industry experts. By the end of 2027, the demand is expected to hit a higher size. For the estimated time period, the study includes a business outlook up to 2027. For the period 2020 to 2027, the market research study takes into account the current state of the syngas market and its industry developments. It gives a comprehensive overview of many market growth prospects, drawbacks, and metrics. The report presents the market with both quantitative and qualitative data.
Competitive Landscape
A comprehensive analysis of the current market trends and forecasts for the forecast period is given in the Syngas Market Research Report to help identify the growth opportunities in place and expand on them. The study includes an in-depth analysis of the pattern of the syngas sector, covering existing and future trends to represent the prevailing investment brackets of the industry. Syngas development, however, is capital-intensive and needs a high degree of financing, which is likely to obstruct demand growth during the study.
Market Segmentation
The Global Syngas Industry Research Report provides a comprehensive market segment based upon many categories, including feedstock, process, application, and gasifier. The need for syngas is rising among end-user industries due to high demand, an increasing need for energy management, more buying capacity, the growth of underground coal gasification technologies, and demand for syngas as an intermediate. People are gradually selecting syngas-based goods and services around the country-level markets of North America, Europe, APAC, and the rest of the world. Syngas share of the market is projected to hold a greater share of the global market due to strong interest from new ventures across bigger countries and expanding international markets.
Other initiatives are expected to even further fuel demand across multiple consumer segments, particularly rising consumer purchase capacity and extensive product development in the syngas market.
The global syngas market has been segmented based on feedstock, process, application, and gasifier. On the basis of process, the market for syngas is segmented based on steam reforming, partial oxidation. Additionally, the market on the basis of application, is segmented into, steam reforming, partial oxidation. The global market for syngas is also covered based on the gasifier segment which is further split into fixed bed and entrained bed. Additionally, the market is further segmented based on feedstock into biomass, plastic waste, and petroleum coke.
Regional Overview
The Asia-Pacific regional market is predicted to contribute the Syngas Market growth in terms of sales over the forecast period due to the increasing need for gas being used in the development of various chemicals, market development and technological advancements across global firms in the syngas market.
Depending on big markets that are further divided into country-level markets, the worldwide market for syngas producer has been segregated to carry out analysis and offer regional-market specific information to major manufacturers located across the syngas market. North America, APAC, Europe, and the rest of the globe are the main regions covered in the study. Country-level markets for syngas are seeing rapid growth in the United States, Mexico and Canada. Moreover, the synthesis gas demand in Europe is distributed around France, Germany, Italy, UK, Spain and the rest of Europe. The Arab World, Latin America, and Africa are other key major syngas markets that have also been studied for conducting syngas market research.
Industry News
The hydrogen specific analyzer HY-OPTIMA 2745 is the newest device launched by H2scan for its Friday revealed HY-OPTIMA product range. H2scan, a major provider of validated patented sensors and technology for the utility and commercial sectors, has developed the device to provide hydrogen level measurements in syngas without cross-sensitivity to high CO levels.
Browse Related Reports:
https://industrialit.com.au/titanium-metal-market-know-the-untapped-growth-opportunities-to-2027/
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Automotive Refinish Coatings Industry Report 2020 to 2027 | Key Players, Growth Opportunities, Price Trend Analysis
May 13, 2022 6:58 - no comments yetAutomotive refinish coatings are special paints used in renovating existing or old vehicles. It is primarily driven by lack of maintenance by vehicle owners and rise in number of accidents. The global automotive refinish coatings market report compiled by Market Research Future (MRFR) by analysts with substantive research covering pertinent factors, trends, opportunities, and challenges for the period between 2020 and 2027 (forecast period).
Market Scope
The global automotive refinish coatings market is expected to thrive at 5.6% CAGR during the forecast period to achieve a valuation of USD 10.3 billion by 2027. The resurgence of the automotive sector as well as the large production of cars globally is projected to fuel market growth. Rising GDP of nations and increased purchasing power of consumers can positively impact the market. The increasing number of vehicle collisions can also work in favor of the global automotive refinish coatings market.
Investments in high-end and luxury cars can be lucrative to the market growth. Entry of strong brands as well as diverse range of cars can bear fruit for the global automotive refinish coatings market. The trend of modifications and need for customized designs are factors which can have a positive impact on the market. Awareness of the protective nature of these paints against scratches and damages on vehicle surfaces can augment the market size till 2023. Manufacturers are providing additional training to servicing units and refinishing stations due to introduction of new paints and substrates.
However, restrictions imposed on volatile organic compounds (VOCs) emissions and environment concerns are factors which can impede market growth.
Segmentation
The global Automotive Refinish Coatings Industry is segmented by resin, product type, technology, and vehicle type.
By resin, it is segmented into acrylic, alkyd, epoxy, and polyurethane.
By product type, it is segmented into primer, basecoat, clearcoat, activator, and filler and putty.
By technology, it is segmented into water-borne coatings, UV-cured coatings, solvent-borne coatings, powder coatings, and high solid coatings.
By vehicle type, it is segmented into two-wheelers, commercial vehicles, and cars.
Regional Analysis
The Middle East & Africa (MEA), North America, Latin America, Asia Pacific (APAC), and Europe are regions covered in the global automotive refinish coatings market report.
The APAC region is expected to grow due to the rapid industrialization from Malaysia, South Korea, China, India, and Japan. Other factors influencing regional market growth include increased purchasing power of consumers, awareness among the populace regarding maintenance and protection of vehicles, and rising urbanization. Rapid development of roads in China as well as procurement of vehicles can benefit the global automotive refinish coatings market growth.
North America can contribute to the global automotive refinish coatings market due to rising demand for passenger vehicles in the U.S. Growing need for customization, repair, and maintenance in the coming years can drive the global market growth. Europe can grow due to presence of large automotive manufacturers in the region as well as buying power of consumers in Belgium, France, U.K., Italy, and Germany.
The MEA and Latin America regions can drive the global automotive refinish coatings market due to steady industrialization and urbanization among the countries in the respective regions. Sale of luxury vehicles in Dubai as well as the growing oil & gas industry in countries of the MEA can benefit the market.
Industry News
BASF SE has invested in a new automotive refinish technology facility which will start production by 2022. It is situated in Jiangmen, South China.
Competitive Outlook
Covestro AG, Berger Paints India Limited, PPG Industries, Inc., Nippon Paint, The Valspar Corporation, 3M, Kansai Paint Co., Ltd, Mitsui Chemicals, Inc., The Lubrizol Corporation, Akzo Nobel N.V, Axalta Coating Systems, LLC, BASF SE, KCC Corporation, The Sherwin-Williams Company, Esdee Paints Limited, and KAPCI Coatings are prominent players of the global automotive refinish coatings market.
Browse Related Reports:
https://industrialit.com.au/titanium-metal-market-know-the-untapped-growth-opportunities-to-2027/
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Persulfates Industry | 2020-2027 Global Key Manufacturers’ Analysis Review
May 13, 2022 6:34 - no comments yetMarket Research Future Published a Half Cooked Research Report on Global Persulfates Market Research Report.
The global persulfates market is segmented by class, type, application, and region.
On the basis of the type, the global persulfates market is segmented into ammonium, sodium, potassium, and others. The ammonium persulfate segment is projected to lead the global persulfates market, in terms of volume, by type category during the forecast period owing to its wide application on account of its low cost and high solubility with water over other two types.
On the basis of the application, the global persulfates market is segmented into polymers, electronics, cosmetics & personal care, chemical, pharmaceutical, adhesives & sealants, oil & gas, mining, photography, paper & pulp, textiles, water treatment, soil remediation, and others. The electronics segment was leading the global persulfates market in 2020 owing to the growing persulfates use as cleaning agents and etchants in the printed circuit board manufacturing and is projected to grow significantly during the forecast period.
Competitive Analysis
Some of the key players in the global persulfates market are PeoxyChem. (U.S.), United Initiators. (Germany), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Ak-Kim Kimya (Turkey), Fujian ZhanHua Chemical Co., Ltd. (China), LANXESS (Germany), Stars Chemical (YongAn) Co., Ltd. (China), Adeka Corporation (Japan), Hebei Jiheng Group Co., Ltd (China), Vr Persulfates Private Limited (India), Hebei Yatai Electrochemistry Co., Ltd. (China), Ansin Chemical (Shanghai) Co., Ltd. (China), Powder Pack Chem. (India), CHEMetrics, Inc. (U.S.), and Merck KGaA (Germany).
Regional Analysis
The global Persulfates Industry is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific held the largest market share of the global persulfates market in terms of market size, as of 2017 and is expected to show significant growth during the forecast period. Europe is likely to follow Asia Pacific in terms of market size and is expected to remain the second largest market during the review period. North America is another major market for persulfates, as of 2020 and is expected to show steady demand during the forecast period.
The Middle East and Africa has witnessed growth in the demand for persulfates and is expected to continue growing during the forecast period.
Latin America held the least market share of the global persulfates market in 2020 and is likely to show moderate growth during the assessment period.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Folding Cartons Market Development Status and Regional Forecast 2027
May 13, 2022 6:15 - no comments yetMarket Research Future (MRFR) study on the global folding cartons market (2020-2027) discusses and analyses the influence of the outbreak of COVID-19 on the global folding cartons market, including future opportunities and challenges, drivers, and risks. The report provides an assessment of the effect of COVID-19 on the global folding cartons market and an estimate of business growth based on different scenarios.
The packaging of a product plays a vital role in most industries. So, many manufacturers give importance to packaging and have large budgets. Packaging and folding cartons are some of the most common and most popular forms of consumer packaging in the market. They are commonly used in retail packaging to carry individual items and can also be used very effectively to view and promote products that generate more sales.
Market Segmentation
The global Folding Cartons Market has been segmented into wall construction and end-use.
By wall construction, the global folding cartons market has been segmented into single-wall corrugated, double-wall corrugated, and triple-wall corrugated.
By end-use, the global folding cartons market has been segmented into healthcare, household, personal care, and others.
Regional Analysis
Regionally, the global folding cartons market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific earned a significant market share and will continue to dominate over the assessment period. The increase in the revenue share of this market is due to increased demand from consumers in the region for convenient packaged food items. Established organized retailing in many parts of the region is also anticipated to contribute to the future growth of the market.
Market Dynamics
The growth in technological innovations is one of the significant developments in the folding carton industry. The use of the latest technologies and designs and the introduction of new products will meet the increasing demand for folding cartons manufacturers. Rising demand for packaged food items is driving the growth of the folding carton industry. As a result of the growth in population and the increase in disposable income of consumers, demand for food will increase in many regions of the world. This will also contribute to an increase in demand for folding cartons in packaging.
The food products segment is dominating the folding carton industry. Increased demand for convenience food from consumers across the globe and organized retail has resulted in greater demand for folding cartons. Food vendors are in a demanding situation to offer products with a longer shelf life and appealing packaging to draw customer attention.
Packaging cartons can be designed, shaped, and colored to make the product appear desirable to consumers. There are several ways to advertise a product or brand, including carving text, names and figures, and the use of a broad range of colors and shades. Many businesses are experimenting with carton shapes to improve their shelf appeal. Some of the products are becoming more popular, solely due to their unique packaging.
The packaging market appears to be set for the next stage of development. Strongly favorable demographics, increasing disposable incomes, rising consumer awareness, and demand for processed food drive market development. These factors cause both the packaging suppliers and the end-user industry to switch from bulk packaging to retail, as well as unit-level and small-sized packaging. In addition, the explosion of organized retail growth and the newly relaxed foreign direct investment (FDI) standards in retail and other sectors are expected for the packaging industry.
The new trends observed are the research and development by manufacturers concentrating on advantageous locations for production and short-distance supply locations to minimize costs. The need for continuous differentiation of brands in a competitive market is a catalyst to the increasing demand for innovation in printing methods. This leads to the growth of technologies such as QR codes, holographic images, Fresnel lenses, and other 3D devices. Technological advances in print electronics are also leading to the development of smart packaging. The folding cartons market is predicted to be promising during the forecast period due to major drivers such as the emphasis on high-quality products, evolving customer lifestyles, and growing purchasing power. Manufacturers are increasingly seeking to put more emphasis on innovation in their product offerings in order to meet consumers' requirements. The folding cartons market is undergoing a number of shifts, with changing customer expectations, accelerating technological innovation, and shifting competitive power. Growing government funding commitments and development in packaging are critical factors for the industry's growth in the years to come.
Key Players
The key players in the global folding cartons market include Amcor Limited (Australia), KapStone Paper and Packaging Corp. (U.S.), Westrock Company (U.S.), Huhtamaki Oyi (Finland), Sonoco Products Company (U.S.), Graphic Packaging Holding Company (U.S.), Rengo Co. Ltd. (Japan), Schur Pack Germany GmbH (Germany), Georgia-Pacific LLC (U.S.), and Multi Packaging Solutions Inc. (New York).
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
