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Mercaptan Market growth Geographical Segmentation, Comprehensive Analysis to 2030
July 5, 2022 6:20 - Pas de commentaireMarket Synopsis
According to the MRFR analysis, the global mercaptan market size was valued at USD 1,649.96 million in 2020 and is projected to reach USD 2,693.57 million by 2030 at a CAGR of 5.35%.
Mercaptan is a complex industrial sector influencing almost every sphere of life. Mercaptan are chemical derivatives of thiochemicals. They are made from the hydrogen sulfide, ethylene, methanol and propene. Mercaptan are broadly classified into these types—methyl mercaptan, ethyl mercaptan, propyl mercaptan, butyl mercaptan, octyl mercaptan and dodecyl mercaptan. Mercaptan is finding wide application in the oil & gas industry as a catalyst activator in the desulfurization process of gasoline and diesel to meet the growing regulation relating to the sulfur content of fuels across various countries to keep a controlled check on emission levels The mercaptan industry links the downstream industries such as construction, and automotive with the upstream oil & gas, plastic and agrochemicals industries.
Competitive Landscape
The global Mercaptan Market growth is highly fragmented and consists of many organized and unorganized industry players. Manufacturers focuses mainly on expansion of production capacities, continuous product launch, and collaborations with key stakeholders to gain a competitive advantage over other players. Key players include Chevron Phillips Chemical Company LLC., ARKEMA, Huntsman International LLC., Evonik, TORAY FINE CHEMICALS CO., LTD., and Jiande Xingfeng Chemical Co., Ltd.
Segmentation
By Type
- Methyl Mercaptan: Methyl Mercaptan, more commonly known as methanethiol, is an organosulfur compound that contains sulfur. Methyl mercaptan is a colorless, flammable gas found in coal tar and petroleum. Methanethiol is also found in some foods such as onion, radish, nuts, cheese, and asparagus.
- Ethyl Mercaptan: Ethyl Mercaptan is, also known as ethanethiol, are organ sulfur compound with a distinct odor, ethyl mercaptan in high concentration is highly toxic. It is added to odorless gases such as butane, propane, and petroleum. Ethyl mercaptan acts as a warning odor. Ethanethiol is also used to manufacture fungicides, pharmaceutical products, insecticides, resins, and other chemicals.
- Propyl Mercaptan: Propyl Mercaptan, also known as propanetriol, is an organic compound. It is a colorless liquid with a strong and offensive odor. Propanetriol is slightly soluble with water and is moderately toxic and highly flammable. It is used in feedstock for insecticides. It is also used extensively in food and nutrition applications, specifically in the agrochemical industry. Propyl mercaptan is primarily used in essential products for growing crops, raising livestock, and maintaining fertility in the land.
- Butyl Mercaptan: Butyl Mercaptan, more commonly known as butanethiol, is a yellow color volatile odor liquid. Butyl mercaptan is a highly toxic chemical compound and can create serious health issues for humans and animals. Butyl mercaptan is highly flammable and can catch fire easily. It is primarily used in cotton defoliants and stink bombs. They are also used as an additive in certain foods to enhance flavor.
- Octyl Mercaptan: Octyl Mercaptan, also known as 1-Octanethiol, is an organic compound. It is a white color liquid with a mild odor. Octyl mercaptan is used to improve charge injection by creating a monolayer of this material on gold source-drain electrode surfaces for bottom-contact thin-film transistors (TFTs).
- Dodecyl Mercaptan: Dodecyl Mercaptan, also known as 1-Dodecanethiol, is utilized as a reactant in producing antioxidants, reducing the negative effects of processes like tin stabilization. Dodecyl mercaptan is mostly used to produce plastic, drugs, and the rubber industry.
- Others: The others segment covers hexyl mercaptan, nony mercaptan, benzyl mercaptan, and furfuryl mercaptan.
By Application
- Pesticides: Mercaptan is used in pesticides, majorly as an odorant. Primarily, it is used to produce methionine, which is used as an intermediate in producing pesticides and fungicides. It has a strong odor and is not harmful to humans in smaller quantities. It is widely used in pesticides and fungicides. The strong odor of mercaptan helps increase the odor of pesticides which distract pests from the crops.
- Jet Fuels and Plastics: Mercaptan is utilized as a chemical intermediary in the production of jet fuel and various polymers. Like other applications, Mercaptan is not used as an odorant in jet fuel to detect leakage but Mercaptan is used in the jet fuel manufacturing process
- Natural Gas: As natural gas is non-corrosive, mercaptan is highly used in natural gas as an additive. The major use of mercaptan in natural gas is that humans can detect in case of leakage. The use of mercaptan as an additive in LPG is growing. It helps add odor to natural gas, which is highly beneficial in reducing gas leakages. With the growing demand for LPG cylinders across urban areas worldwide, mercaptan as an additive is expected to witness a rising demand in the forecasted period.
- Food and Nutrition: Mercaptan is used majorly in the production of methionine. The major advantage of methionine is that it can convert sulphur containing molecules. methionine can help in tissue protection in animals and humans. Methionine is the amino acid that acts as a building block and makes proteins. It is an essential element in dietary supplements. Besides food and beverage additives, mercaptan is also used in alcoholic beverages, baked goods, fats & oils, frozen dairy, gelatins, pudding, meat products, soft candy, and nonalcoholic beverages.
- Animal Feed: Mercaptan is used in the synthesis of amino acid methionine. Methionine is the type of amino acid which are found in foods. It is used as an additive in the dietary supplement in the poultry and animal feed industry. It is also essential for producing pesticides, fungicides, and animal feed additives.
- Others: The others segment covers mercaptans are used in health & hygiene, pharmaceuticals, dyes & inks.
By Region
- North America: The growth in the North America mercaptan market is mainly attributed to the shale gas discoveries in the US and Canada, which has significantly increased the supply of natural gas liquids, transforming North America into a low-cost region for the production of chemicals
- Europe: Implementing The growth in this region can be mostly attributed to technological advancements.
- Asia-Pacific: Asia-Pacific is expected to emerge as the fastest-growing regional market due to various factors such as increasing government investment focused on agrochemicals production. China and India are anticipated to dominate the Asia-Pacific market over the forthcoming years.
- Latin America: The growing demand is due to the rise in industrialization and urbanization in major countries.
- Middle East & Africa: Increase in government investments is fueling the demand for mercaptan in the region.
Precious Metals Market Statistics 2020 : Analysis, Overview by Top Manufacturers and Sales Revenue Forecast to 2027
July 5, 2022 5:45 - Pas de commentaireThe global precious metals market is expected to grow smoothly over the forecast period due to the growing industry as well as luxury applications of precious metals. The growing demand for jewelry is likely to be the major driver for the global precious metals market over the forecast period, with the growing demand for precious metals in other industrial applications also likely to play a key role in the growth of the global precious metals market.
The jewelry application of precious metals is likely to take up the majority share in the global precious metals market over the forecast period. Traditional gold and silver mining operations are prevalent in major jewelry producing countries in the world, while the growing disposable income of consumers in developing parts of the world has also driven up the demand for precious metals in recent years. The growing demand for gold and silver jewelry as a financial investment, driven by the growing instability of the financial pyramid, is likely to play a key role in the global precious metals market’s growth over the forecast period.
Increasing industrial applications of precious metals outlook are also likely to play a major role in the growth of the global precious metals market over the forecast period. The demand for gold and silver in semiconductor and electronics applications has grown over the last few years, as the demand for premium electronics that can be relied upon for unproblematic operation has risen due to the growing computerization of military and government protocols. The growing use of palladium and platinum in catalytic converters in automotive applications is also likely to drive the global precious metals market over the forecast period, as pollution control has become a major topic for the automotive industry around the world.
Competitive Analysis:
Leading players in the global precious metals market include Hycroft Mining Corporation, Barrick Gold Corporation, GOLDCORP Inc., Lonmin plc, Russian Platinum, Pan American Silver, Sumitomo Metal Mining Co. Ltd., Asahi Refining, Norilsk Nickel, Newmont Mining Corporation, Kinross Gold Corporation, Freeport-McMoRan, and Anglo American.
In March 2019, gold prices suffered the largest single-session percentage fall since last August, ending up below the USD 1300 mark for the first time in two weeks. Fluctuations in precious metal prices could play an important role in the development of the global market over the forecast period.
Segmentation:
The global Precious metals market Statistics has been segmented on the basis of type, application, end-use industry, and region.
Based on type, the global precious metals market has been segmented into gold, silver, and platinum group metals. The platinum group metals segment is further divided into platinum, palladium, ruthenium, rhodium, osmium, and iridium. The global precious metals market is almost evenly divided between the three segments, with gold holding a slight dominance with a 37% share in 2020.
By application, the global precious metals market has been classified as jewelry, investments, semiconductors, dentistry, computer parts, cutlery, photography, and others. Jewelry and investments are likely to remain two of the leading applications in the global precious metals market over the forecast period.
On the basis of end-use industry, the global precious metals market has been segmented into electronics, medical, automotive, aerospace, oil and gas, and others.
Regional Analysis:
Asia Pacific dominates the global precious metals market due to the high demand for gold and silver jewelry and the rising interest among consumers in stocking up on precious metals as an investment. China is the leading producer and consumer of gold and is likely to hold on to the position over the forecast period, as personal as well as industrial demand for precious metals grows at a steady rate. Japan, Australia, Singapore, and New Zealand are also likely to play a major role in the global precious metals market’s development over the forecast period.
The North America market is expected to exhibit the highest growth rate over the forecast period due to the growing mining operations in the country and the rising demand for precious metals in semiconductors and electronics applications.
Latin America also holds a significant share in the global precious metals market thanks to the presence of large stockpiles of precious metals in the region, with Brazil emerging as the leading contributor to the regional market in 2020.
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Lithium Mining Market Size 2021 Revenue, Growth Rate, Sales, and Forecast to 2028
July 5, 2022 5:29 - Pas de commentaireOverview:
Lithium can be defined as a low-density metal that finds application in both inorganic and organic reactants. Lithium can be found with other compounds in brine pools and igneous rock. Its high density enables it to store substantial power within a very limited space. Its applications cover myriad sectors like ceramics, lithium soaps, fire-viewing windows for fireplaces, air-conditioners, lubricating greases, and batteries. Its use as power storage unit for portable electronic devices, smartphones, and electric vehicles can impact the market growth.
Market Research Future’s (MRFR’s) take on the global Lithium Market Size reveals a possibility of crossing USD 8.37 billion valuation by the end of 2027 with a CAGR of over 10.6%. One of the major market drivers is the electric vehicles that includes diverse types like pure battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). It finds application as lithium bromide in absorption chillers for air conditioning. It can assist in dehumidification, air regeneration, and also, cooling process, which is bound to provide traction for growth.
Segmentation:
The global market for lithium can be segmented into product type and application for a better understanding of the global market in the coming years. The segmentation includes various market details regarding factors and this segmentation is getting bolstered by volume-wise and value-wise data.
By product type, the global market for lithium can be segmented into lithium metal, lithium carbonate, lithium hydroxide, butyllithium, lithium chloride, and others.
By application, the market for lithium includes greases, energy storage, glasses & ceramics, frits, adhesives, air treatment, and others.
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Regional Analysis:
The global market for lithium includes regions like APAC (Asia Pacific), North America, Latin America (LATAM), Europe, and the Middle East & Africa (MEA). These regions can be better analyzed with inputs from various demographic understandings.
Europe has the maximum market share and it covers almost 30% of the global market. This dominance would continue in the coming years as well. Countries like Sweden, Norway, Belgium, and Iceland have initiated the intake of battery cars to take on globalization, which would increase the rate of incorporation of lithium in the automotive sector. In addition, the regional infrastructure for automotive is showing substantial market growth due to which the market is expecting even higher growth. The APAC market has the potential to register the highest CAGR during the review period as several countries, including China, are expected to make great impact on the global market by having the necessary setup for electric vehicles. These initiatives by governments can influence the intake of electric vehicles market. Along with China, now India is all set to revamp their infrastructure to back up the regional market.
North America is expected to make substantial contribution in the sector with the US and Canada shoeing the way to make sure that the regional market gains high traction. Technological prowess is expected to make the market grow substantially in the coming years.
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Competitive Landscape:
Several companies are impacting the market for lithium by initiating diverse market plans. These companies are SQM S.A. (Chile), Albemarle Corporation (US), Altura Mining (Australia), Livent (US), Jiangxi Ganfeng Lithium Co. Ltd (China), Orocobre Limited Pty Ltd (Australia), Lithium Americas Corp. (Canada), Critical Elements Corporation (Canada), Tianqi Lithium Industries Inc. (China), and Sayona Mining Limited (Australia). Market research Future (MRFR) covered all these companies for a better analysis of the report where their latest actions are recorded. The attempt is to assess the latest moves on the basis of their merits and how they can impact the global market in the coming years.
In September 2019, researchers from the University of Illinois at Chicago claimed that there is a possibility to make fully rechargeable lithium-carbon dioxide batteries, and their test procedures included 500 consecutive cycles of charge and recharge processes. This can ensure better ingress of lithium.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Lithium Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
Continue...
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Vanadium Market Size | 2021 Including Growth Factors, Regional Analysis, Key Players and Forecasts to 2028
July 5, 2022 5:23 - Pas de commentaireMarket Overview
In terms of volume, the global vanadium market was 88.23 kilotons in 2021 and is expected to register a CAGR of 6.8% during the review period. Vanadium compound is significantly used as an alloying element in the iron & steel industry. Its corrosion resistance property makes it ideal for application in the manufacturing of tubes and pipes used to carry chemicals. In addition, mixing titanium with vanadium and iron increases the durability and strength of the material used in the manufacturing of wind turbines. For instance, in November 2018, JSW steel announced to ramp up the steel manufacturing capacity to 44–55 million tonnes per annum by 2030 to cater to the need of end-use industries.
Moreover, the demand for vanadium in the energy sector is growing rapidly. It is considered as a superior substitute for lithium used in the manufacturing of batteries. The vanadium-based batteries are highly durable and hold immense energy storage capacity. For instance, in September 2018, Korea Advanced Institute of Science & Technology developed a new vanadium redox-flow battery (VRFB), which has high capacity retention and long durability.
Competitive Analysis
The leading players in the global vanadium market include Williams & Company (US), Bushveld Minerals (South Africa), Atlantic Ltd (Australia), AMG Advanced Metallurgical Group NV (The Netherlands), Bear Metallurgical Company (US), Hickman, Shenzhen Chinary Co., Ltd (China), VanadiumCorp Resource Inc (Canada), EVRAZ (UK), Largo Resources Ltd (Canada), Glencore (Switzerland), and Treibacher Industrie AG (Austria).
Regional Analysis
The Asia-Pacific market is expected to register a healthy CAGR during the forecast period owing to high public and private sector investments in the construction industry. The economic development and urbanization, particularly in India, Philippines, China, and Indonesia has influenced the spending in infrastructure sectors of power, water, telecommunications, and transportation. The North American market is led by the US construction industry growing at a CAGR of 5% in 2018. The growth is driven by the increase in construction activities such as roads and bridges. In North America, South and West regions are expected to register a CAGRs of 6% and 5%, respectively. Thus, infrastructure development and increasing construction activities are likely to propel the growth of the global vanadium market growth during the review period.
Market Segmentation
The global Vanadium market Size has been segmented on the basis of type, application, and region. By type, the global vanadium market has been divided into vanadium pentoxide, vanadium ferrovanadium, aluminum-vanadium alloys, vanadium chemicals, and others. The vanadium ferrovanadium segment held significant market share in 2017 and is projected to dominate in the coming years owing to the rise in the application in the iron & steel industry. The global market has been segmented based on application into chemical, energy storage, titanium alloys, and others. The high demand for iron & steel in the construction and automotive industries is expected to boost the growth of the segment in the coming years.
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advanced ceramics market size Research Report 2021 Global Demand And Forecasts To 2030
July 5, 2022 5:16 - Pas de commentaireOverview:
Features like excellent chemical & heat resistance and mechanical stress properties keep the advanced ceramics market ahead in the market. Market Research Future (MRFR) believes that the global market would earn better revenues due to several factors like the rising intake of the product by various end user companies, increasing budget for the defense sector, growing investment in the healthcare industry, and others. Developing countries are expected to play a prominent role in taking the market forward as their initiatives to support various end user industries are boring fruits. In the Asia Pacific region, this change is substantial.
Segmentation:
The global Advanced Ceramics Market size has been segmented by MRFR analysts on the basis of material, product type, and end-user. Advanced scientific methods have been used to understand various factors impacting the market. It includes graphs, charts, figures, and other scientific models.
By product type, the discussion on the advanced ceramics market has been segmented into ceramic matrix composites, ceramic coatings, monolithic ceramics, and others.
By material, the global market study on the advanced ceramics has been segmented into titanate advanced ceramics, advanced alumina ceramics, advanced ferrite ceramics, zirconate advanced ceramics, and others.
By end user industry, the report on the global advanced ceramics market has been segmented into electrical & electronics, machinery, pharmaceuticals, military & defense, automotive and others. Its use in the electrical and electronics industry is quite substantial as the demand for gadgets is touching the roof in several countries. In Asia Pacific both electrical and electronics and automotive industries are bolstering the regional market growth. The hike in the defense budget to inspire the segmental growth of the military & defense sector. The inclusion of advanced ceramics into machinery to improve performance and increase durability is also expected to push the market forward.
Competitive Landscape:
CoorsTek Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), Kyocera Corporation (Japan), CeramTec GmbH (Germany), 3M Company (U.S.), Rauschert Steinbach GmbH (Germany), Morgan Advanced Materials Plc (U.K.), Superior Advanced Ceramics (U.S.), Dyson Advanced ceramics Limited (U.K), and NGK Spark Plug Co., Ltd. (Japan) are major companies impacting the global study of the advanced ceramics market. These companies are making their presence felt by implementing strategies that change the market scenario. Their moves mainly depend on mergers, acquisitions, collaborations, innovations, branding, launching strategies, and others. MRFR, to keep track of the changes and trends that can impact the market, has listed all the recent changes. This will also help in devising future moves to ensure easy growth.
Industry News:
The COVID-19 impact on the advanced ceramics materials is expected to play a crucial role in changing the revenue-incoming pattern of the market. Several end user industries like automobiles and others have started suffering due to the lockdowns that got imposed in several countries and this inspired a cutting in production, implementation of the limited workforce, lack of demand, and others. Due to these, the intake graph changed significantly. However, countries have also started lifting bans, which may change the market scenario and help the market regain the lost ground to some extent.
Regional Analysis:
Asia Pacific will register the fastest growth during the forecast period. This is primarily due to the booming end user industries like the automobile and electrical & electronics in countries like India, China, Japan, South Korea, Thailand, and others. In North America, the demand will get substantial backup from the military & defense industry where the rising budget is allowing easy percolation of the market.
