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Malic Acid Market 2023 : Report Presents an Overall Analysis, Development , Driving Forces, Opportunities & Future Potential 2030
April 3, 2023 5:28 - no comments yetMalic acid, a white crystalline powder, is used as a food additive to enhance flavor and sourness in many food and beverage products. Due to its solubility in water and alcohol, malic acid is used in the preparation of various luxurious drinks, including wine and other cocktails & mocktails. The malic acid market is growing steadily over the past few years, mainly due to its massive consumption in the food & beverages industry.
According to Market Research Future (MRFR), the global Malic Acid Market is poised to touch a valuation of USD 1283 MN by 2030. In its recently published analysis, MRFR also asserts that the market would grow at a CAGR of over 4.67% throughout the forecast period (2021-2030). The market is largely driven by the demand in a range of application areas, which would continue in the coming years as well.
Feedstock flexibility of malic acid allows high conversion yields, productivity, and concentrated process streams resulting in cost-competitive economics. Food & beverage, personal care, and pharmaceutical are the largest end-user markets of malic acid that consume an extensive amount of the product. Besides, the bakery product and confectionary sector absorb a vast amount of malic acid.
Major Players:
Key players leading the global malic acid market include Corbion NV, Tate & Lyle, Polynt S.p.A, Thirumalai Chemicals Ltd., Fuso Chemical Co., Ltd., Changmao Biochemical Engineering Company Limited, Bartek Ingredients Inc., Anhui Sealong Biotechnology Co. Ltd., Isegen South Africa (Pty) Ltd, and Yongsan Chemicals, Inc., and among others.
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Global Malic Acid Market - Segmentation
The report is segmented into three market dynamics to widen the scope of understanding,
By Type : DL-Malic Acid, L-Malic Acid, and D (+)-Malic Acid.
By End-use Industry : Food & Beverage, Personal Care, and Pharmaceutical, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Malic Acid Market - Competitive Analysis
Highly competitive the global Malic Acid market appears fragmented due to the presence of several well-established as well as small players. To gain an edge over their rivals, these players incorporate strategic approaches such as mergers & acquisitions, collaboration, expansion, and product & technology launch, and partnership.
These players also make substantial investments locally and in the emerging countries to expand their production capacity, distribution network, and supply chain. In such a scenario, obtaining strong financial support becomes the sole strategy of suppliers to sustain in the market. Manufacturers strive to minimize the cost of their products by adopting cost-effective manufacturing techniques.
Global Malic Acid Market - Regional Analysis
The Asia Pacific region leads the global Malic Acid Market Company Revenue Analysis, accounting for the largest share. Heading with the burgeoning end-use industries, the region is estimated to retain its dominance throughout the forecast period. The APAC malic acid market would register over 5.82% CAGR during the forecast period, driven by the presence of a large number of producers, cost-competitive product development, and the colossal consumption of the product in the F&B industry.
Furthermore, factors such as rapidly increasing population, urbanization, industrialization, and economic growth are commutatively pushing up the regional market, driving huge demand for food. Indonesia, China, Malaysia, and India are significant contributors to the market growth due to raw material advantages. The widening uptake of malic acid in cosmetic & personal care products industry is positively impacting the regional market growth.
The malic acid market in North America takes the second lead, following the APAC market closely. Growing consumption of the product in well-developed end-user industries such as food & beverages, pharmaceuticals, and cosmetic & personal care is a tailwind pushing up the regional market growth. The US leads the regional market owing to higher penetration of end-user industries in the country. Driven by the demand for convenience food that is influenced by the fast-paced lifestyle and working population, the malic acid market in North America is estimated to reach USD 53.7 MN mark by 2023.
The Europe malic acid market is emerging as a profitable market, globally. In 2020, the market had accounted for a 20% share of the global market. Germany dominates the regional market, in terms of size due to the ever-increasing consumption in the well-developed industries like personal care and pharmaceutical. Moreover, the presence of major manufacturers of Malic acid in the region, impacts the market growth, positively meeting the demand for food additives with a superior quality product.
Industry/ Innovation/ Related News:
February 12, 2019 ----- Bartek Ingredients Inc. (Canada), a leading global producer of malic acid, fumaric acid, and maleic anhydride announced the successful completion of a 4,000 ton/year capacity increase of its malic acid production facilities. The global leader in malic and fumaric acid products completes the first project in a series of process and production improvements.
Since its TorQuest Partners’ acquisition in October of 2018, Bartek has executed several significant capital projects to expand its capacity and improve efficiency. Additional projects scheduled to be completed in 2019 include state-of-the-art upgrades to Bartek’s laboratories and office facilities. These projects are Bartek’s response to the growing global demand for malic acid and others, supporting its customers’ growth and innovation needs.
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Electronic Chemicals Market Size Top Companies, Business Insights, Sales, Revenue, Forecast 2030
April 3, 2023 5:03 - no comments yetMarket Scope
The Electronic Chemicals Market Size, after touching USD 20 billion in 2030, has been expanding relentlessly despite a few challenges, believes Market Research Future (MRFR). MRFR also expects the global market to procure a growth rate of 6.1% between 2023 and 2030.
Top Boosters and Restraints
The German Electrical and Electronic Manufacturers' Association says that the electronic and electrical industry worldwide reached USD 4,499.22 billion in 2017. The burgeoning electronic and electrical sector has been quite favorable for electronic chemicals, which are primarily used for cleaning and drying electronic devices. These chemicals help get rid of the tiny impurities from the semiconductor wafers. Simply put, high-purity and quality electronic chemicals help optimize electronic devices’ performance. Therefore, the consistent surge in the demand and use of electronic products worldwide should benefit the electronic chemicals industry in the years to follow.
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Growing acceptance of the nanotechnology has contributed to the growth of MEMS & NEMS devices market. The lighter weight, smaller size, cheaper fabrication costs and lower power consumption properties of nano-devices have led to their acceptance all over the world. Their rising commercialization has also fostered the growth potential of photoresist & photoresist ancillaries in line with frequent technological innovations. To illustrate, Intel has been working on adopting the technology on the basis of 20nm from 28nm, which has elevated the sales of nanomaterials and ultimately bolstering the growth of the electronic chemicals market.
The global market is consolidated among the few leading companies. With continuous vigorous research and the development activities with respect to electronic chemicals to explore newer and emerging applications, players are able to gain a competitive edge. The emergence of new technologies such as AI (Artificial Intelligence) and IoT (Internet of Things) has created a niche market for smart home devices. AI has opened up a myriad of growth avenues for electronic chemicals manufacturers. Another opportunity can be the booming sales of electric vehicles, which expands the applications of electronics chemicals. The digital display sector is also increasingly coming up with high-end LCD and LED television sets that require advanced electronic chemicals during production. As a result, new emerging revenue streams being explored by the top brands should add to the electronic chemicals market’s value.
Market Segmentation
The segmentation of the electronic chemicals industry covers product type, and application.
The product types discussed in the report are solvents, photoresist chemicals, wet chemicals, atmospheric and specialty gases, and others. The fastest growth will be witnessed by the atmospheric and specialty gases segment as they are increasingly being used in semiconductor (ICS), and integrated circuits.
Major applications covered in the report are flat panel displays & light-emitting diodes, integrated circuits and semiconductors, printed circuit boards, photovoltaics, and others. The photovoltaic segment should note unprecedented growth over the ensuing period, given PVs’ ability to produce electric power via solar cells.
Regional Insight
The regional segmentation of the market comprises Latin America, APAC/Asia Pacific, North America, MEA/Middle East & Africa and Europe.
Asia Pacific commands the biggest share in the global market, due to the large-scale production of electronic goods across China, South Korea, Malaysia, and Japan. The advancements in the economy and increase in people’s disposable income has favored the electronics industry, which in turn, has benefitted the electronic chemicals market in the region. Also, the regional market is led by numerous small and medium manufacturers that boast of robust supplier and distribution networks, which has given rise to a vast customer base.
The North American market is projected to register healthy growth owing to the high demand for smart electronic devices as well as technological advances. The region is influenced by a shift in consumer preference towards fitness & wellness devices and smartwatches. Also, thanks to manufacturers focusing on R&D activities in collaboration with various research institutes and universities for the development of electronic chemicals with multiple applications, the regional market will continue to soar at a stunning pace.
Europe is in the third place, considering the rapidly expanding electronics sector in Italy, France and Germany. Surging investments in research and development activities and the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are a few growth rendering factors.
Reputed Firms
Reputed firms active in the market for electronic chemicals include Praxair Technology, Inc (UK), Honeywell International Inc (US), Transene Company, Inc (US), Air Products and Chemicals, Inc (US), BASF SE (Germany), Air Liquide (France), Linde AG (Ireland), Solvay (Belgium), NAGASE & CO., LTD (Japan), Eastman Chemical Company (US), Huntsman Corporation (US), Heraeus Group (Germany), and many more.
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Succinic Acid Market 2023-2030 Development Status, Trending Technologies, Business Strategies And Scope
April 3, 2023 4:57 - no comments yetOverview:
Succinic acid can be defined as a colorless, water-soluble, and odorless solid. The expansion of the market in terms of succinic acid market volume would depend much on the intake of the product by several sectors that would including food & beverages, pharmaceuticals, cosmetics, and others. The product can be both natural and synthetic and the natural segment is gaining ground owing to the demand for eco-friendly products from several quarters. The production process would involve the microbial fermentation of glucose using raw material feedstock like sugarcane, wheat, maize, and tapioca. Its application in the manufacturing of industrial solvents, dyes, lacquers, perfumes, alkyd resins, photographic chemicals, metal treatment chemicals, plasticizers, and coatings are creating a succinic acid market demand. The global Succinic Acid Market report, published by Market Research Future (MRFR), declared that the growth can be quite impressive in the coming years between 2023 and 2030, which the report considers as the forecast period.
In the medicine industry, the percolation of succinic acid supplements is growing with its use in the manufacturing of sedatives, contraceptives, antiplegm, antispasmers, anrhoers, antiphlogistic, and cancer. The food & beverage industry is also going to provide thrust to the market, which would get backing from high disposable income. However, stringent regulations and succinic acid market prices can deter the growth of the market. But new innovations would open up opportunities for market expansion.
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Regional Analysis
The Asia Pacific market is known for its high contribution and it had the largest share as per the report. This is happening mostly due to the hike in industrialization and the regional market would enjoy much from the relaxed investment norms. Low production cost and cost-effective labor can transform the global market for the same. This regional market has a high potential to move forward with the highest CAGR in the coming years. North America’s growth would be strong and the end user industries are going to inspire better market traction, which would assist in the market growth. Industries like food & beverage, chemicals, cosmetics, pharmaceuticals, and others can assist the growth in becoming more prolific. The Middle East & Africa market has a chance to show moderate growth as the cosmetics and food & beverage industries are doing well in the region. However, poor economies from Africa can hold back growth. Latin America’s growth would be the least compared to others.
Segmentation
The global Succinic Acid Market Supply and Demand Trends, upon a detailed consideration on the basis of MRFR’s report, can be segmented by type, grade, application, and end-use industry. In the report, the inclusion of various valuations from different segments and proper insights from a detailed factorial study can influence the market outcome.
By type, the global market for succinic acid can be segmented into bio-based and synthetic. The bio-based market for succinic acid is getting influenced by the growing demand for the product for its eco-friendly nature.
By grade, the global market for succinic acid can be segmented into pharmaceutical, food, and industrial. The food & Beverage industry can make sure that the market gets better provision for growth in the coming years.
By application, the global succinic acid market analysis reveals managing medicine, food additive, chemical intermediate, and others as segments. High investment in the healthcare industry to promote growth for the succinic acid market.
By end-use industry, the global report covering succinic acid includes chemicals, dyes & pigments, polymer, paints & coatings, cosmetics & personal care, pharmaceuticals, and others. The pharmaceutical industry can achieve strong growth in the coming years.
Competitive Landscape:
Prominent players making significant contributions to propel the growth of the global market for the succinic acid market are Ernesto Ventos. S.A. (Spain), Merck KGaA (Germany), BioAmber, Inc. (US), ThyssenKrupp AG (Germany), Succinity GmbH (Germany), Myriant Corporation (US), NIPPON SHOKUBAI CO., LTD. (Japan), Reverdia (Netherlands), Anhui Sunsing Chemicals Co., Ltd. (China), KAWASAKI KASEI CHEMICALS (Japan), Spectrum Chemical Manufacturing Corp. (US), Gadiv Petrochemical Industries Ltd. (Israel), S.S. Pharmachem (India), FUSO CHEMICAL CO., LTD. (Japan), and R-Biopharm AG (Germany). MRFR’s profiling of these companies in the latest report reveals how much they can influence the holistic growth of the market.
In February 2019, DSM and Roquette have changed their collaboration status for the production of succinic acid. This new change came into effect from April where Roquette will operate the plant and both would try to assist help people in using bio-based succinic acid.
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Automotive Coatings Market Size 2023 Key Players, Emerging Technologies and Potential of Industry Till 2030
April 3, 2023 4:20 - no comments yetThe global automotive coatings market is looking forward to robust growth and is projected to attain nearly USD 25.2 Billion by the end of 2030, unveils Market Research Future (MRFR) in a detailed research report. The move towards the development of light-weight vehicles and low-temperature curing are driving the global Automotive Coatings Market Size. Various factors have supported the growth of the global automotive coatings market. The rise in the number of global car sales purveyed by rising disposable income, especially in the developing countries is a primary factor contributing towards market growth. Low cost of financing and cheaper fuel price have also increased the degree of vehicle ownership in emerging markets. The trend of replacement of old cars posts the global recession has resulted in the purchase of new cars which too has acted as a bonus for the market growth. To sustain intense competition, automakers are exploring materials to create multi-substrate designs and light-weight cars. Development of compact paint processes by key players to achieve sustainability targets has also augmented the growth of the market. Modern automotive coatings provide long-lasting protection and improve longevity which in turn contributes to sustainability. However, coating in the car manufacturing process is one of the most cost and energy-intensive process which has the most significant environmental footprint as well. This has encouraged regulatory authorities in various countries to impose restrictions on certain materials in automotive coatings. Powder automotive coatings have emerged as a solution to this problem since it is a solvent-free method of coating and does not release any volatile organic compounds. Powder automotive coatings have been gaining traction and is expected to provide opportunities for market expansion.
Competitive Landscape
The prominent players in the global automotive coatings market include BASF SE (Germany), Kansai Paint Co.,Ltd.. (Japan), Jotun (Norway), PPG Industries, Inc. (U.S.), Arkema SA (France), Clariant (Switzerland), Cabot Corporation (U.S.), Bayer AG (Germany), Axalta Coating Systems (U.S.), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), Berger Paints India Limited (India), Koninklijke DSM N.V. (Netherlands), and The Sherwin-Williams Company (U.S.).
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Regional Analysis
The global automotive coatings market spans across the regions of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is leading the global automotive coatings market since Asia Pacific has been taking an increasing share of global vehicles sales. Fast GDP growth, rise of the middle class and replacement of old vehicles in the region support the growth of the market in APAC. India, Japan, South Korea, China, and Malaysia are the key contributors to the APAC automotive coatings market. North America is the second largest market for automotive coatings. The US is the largest consuming market for automotive coatings, and high sales of vehicles, especially luxury cars in the region favor the growth of the automotive coatings market. Europe is another profitable market for Automotive Coatings. Majority of automotive manufacturers have their manufacturing base in Europe which makes Europe a worthwhile market. The U.K., France, Germany, Italy, and Belgium are the major contributors to the Europe automotive coatings market. The Middle East & Africa market is expected to exhibit substantial growth over the forecast period due to improving economy and increasing industrialization in the region.
Segmentation
The global Automotive Coatings Market Patent Analysis has been segmented based on product, substrate, technology, and resin type. By product, the market has been segmented into primer, basecoat, electro-coat, and clear coat, and others. By substrate, the market has been segmented into metal, plastics, composites, and others. By technology, the market has been segmented into water-borne, solvent-borne, powder, and radiation curable. By resin type, the market has been segmented into polyurethane, epoxy, automotive, and others.
Industry Updates
- In September 2018, BASF, German chemicals, and specialty materials unveiled a new modular lab for automotive coatings in Munster, Germany. The new lab would assist car makers in Europe in development of new coating solutions.
- August 2018- Ferrari, the Italian luxury sports car maker, has come up with a new low-bake automotive coating technology in partnership with PPG, an American supplier of paints, coatings, and specialty materials. The two-component paint system allows the car to be baked which enhances the paint's toughness to water and other contaminants.
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Polyurethane Foam Market 2023 Analysis, Segmentation, Future Demand And Forecast To 2030
April 3, 2023 4:15 - no comments yetOverview
The polyurethane foam market is projected to grow by US$76.06 Billion by 2030 rapidly at a CAGR of 7.2% throughout the forecast period 2023-2030. Growing environmental consciousness as well as rising home furnishing industry drive. These key growth drivers have incredibly helped the polyurethane foam market and are estimated to boost the growth. Analysts studying the polyurethane foam market have also shared growth projections in the suggested polyurethane foam market-based companies to develop growth strategies. Strict environmental regulations and restrictions imposed on methylene chloride and rising prices of primary feedstock products are the challenges that companies across the polyurethane foam market could face. The details covered in the polyurethane foam market report cover all the aspects of the industry.
Market Segmentation
The global Polyurethane Foam Market has been segmented based on type and application. On the basis of type, the market for polyurethane foam is segmented based on rigid, spray, and flexible. Additionally, the market on the basis of application, is segmented into automotive, bedding & furniture, electronics, footwear, packaging, building & construction, others.
Factors like growing concerns regarding the use of fossil fuels and environmental effects of plastics propel the polyurethane foam market growth. The polyurethane foam market performance has also been studied. The polyurethane foam market report provides analysis of past and current trends. In addition to this, the polyurethane foam market report offers detailed analysis of type and application segments. The market segmental analysis provided in the polyurethane foam market research report offers crucial details about the polyurethane foam market based on the data and forecasts till 2030.
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Competitive Landscape
The polyurethane foam market is corroborated by better business practises. The population growth as well as increasing demand of polyurethane foam market based solutions also accelerate the market growth. However, the polyurethane foam market can be affected due to high prices of raw materials as well as strict environmental regulations. The polyurethane foam market research report covers all such factors assisting companies in the polyurethane foam market to improve their plans and portfolio. The polyurethane foam market research report also provides company profiles of major businesses. The polyurethane foam market report highlights crucial details about organizations operating across North America, Europe, Asia-Pacific (APAC), and the rest of the world regional markets. The details available in the polyurethane foam market report cover company strategies, revenue, company size, and mergers and acquisitions in the polyurethane foam market. New entrants as well as established organizations can use the data from polyurethane foam market report to further plan their strategies.
Regional Overview
The Polyurethane Foam Competitive Analysis Report covers companies functional in the polyurethane foam market spread across regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The regional analysis of the polyurethane foam market can be found in the market research report. The North American polyurethane foam market has several key players functioning in the United States, Canada, and Mexico. Europe has companies in the polyurethane foam market across Germany, France, Spain, Italy, and the United Kingdom. The polyurethane foam market of the Middle East, Africa, and other regions has also been studied by analysts. A detailed analysis of the polyurethane foam market across India, China, and Japan in the Asia-Pacific region is also available for further study.
Industry News
In a £ 6.1 million transaction, the Vita Company, a hard polyurethane foam producer, purchased the Italian foam maker IMPE SpA, a wholly owned subsidiary of Naples-based Natuzzi. The arrangement is scheduled to be concluded in the first quarter of 2021 by Vita, which hires 2,700 people across Europe and is headquartered in Middleton, Manchester.
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