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Vanadium Market Size | 2021 To 2028 | Strong Revenue And Competitive Outlook By Top Companies
April 22, 2022 6:28 - 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.
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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.
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 2020 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.
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.
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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.
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Precious Metals Market Statistics 2020 Current Status, Supply-Demand, Opportunities And Top Manufacturers 2027
April 22, 2022 6:13 - Pas de commentaireThe global precious metals market is expected to grow smoothly over the forecast period due to the growing industrial 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.
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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 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.
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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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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®
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Email: sales@marketresearchfuture.com
Global methanol market 2022 Key Players, Emerging Technologies and Potential of Industry Till 2030
April 22, 2022 5:49 - Pas de commentaireMarket Overview
Market Research Future (MRFR) studied the global methanol market 2022 across the analysis period till 2030. The gradual increase in industrial applications of methanol can promote the market in the near future. The methanol industry can surge at high CAGR to earn substantial turnover on conclusion of the forecast period. The growing utility of methanol in wealthy sectors, such as chemical and pharmaceutical, can favor the market growth. The rise in demand for methanol as transportation fuel and upscaling sales of fuel-efficient vehicles are creating numerous growth opportunities for the market, supporting the market upsurge. The growing home décor business encouraging growth of the paint industry can also add to the market rise. High cost in methanol production and technical shortfall can impede the market expansion. COVID 19 impact assessment for the menthol market is offered in the report.
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Detailed Regional Analysis
In Asia Pacific, the methanol market can earn high revenue across the forecast period. The gradual increase in demand for methanol in the affluent automotive sector across India and other APAC regions can underpin the regional market surge. China is reputed as the automobile production hub, and the growing demand for vehicles, can add to the market expansion in the approaching future. In addition, governments are commercializing coal-based methanol for heavy commercial vehicles application, such as; buses and trucks. The gradual replacement of diesel-based solutions, instead of diesel solution, can also support the market growth.
In North America, the increase in application of methanol for water treatment facilities can support the market rise. The high utility of menthol in the denitrification process of water treatment that aid in the reduction of the volume of discharged hazardous effluents can support regional market upsurge.
Europe menthol market can expand at decent pace as the healthcare sector is observed to acquire considerable revenue.
In Latin America, the menthol market can rise at considerable pace due to rise of personal care and cosmetics industry, especially across Mexico and Brazil The upscaling requirement of cosmetics and skin care products can promote the market growth.
The methanol market in the Middle East and Africa can show considerable rise of the market in the review period owing to rapidly rise of the end-use industries, such as; building and construction, automotive, and packaging.
Segment Study
The segment study of the global Methanol Market is done by derivative, feedstock, and end-use industry.
The feedstock-based segments of the methanol market are coal, natural gas, oil, and renewable resources among others. The coal segment can acquire substantial revenue for the global market by 2030.
The derivative-based segments of the menthol market are acetic acid, formaldehyde, dimethyl ether, solvents, gasoline, methanol to olefins, methyl methacrylate, and methyl tert butyl ether among others. The methyl methacrylate segment can rise with considerable CAGR by 2023.
The end-use-based segments of the methanol market are building and construction, transportation, electrical and electronics, pharmaceuticals, water treatment, and packaging, paints and coatings among others. The water treatment segment can contribute significantly to the market growth in the coming years.
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Market Key Players
Celanese Corporation (US), Methanex Corporation (Canada), BASF SE (Germany), SABIC (Saudi Arabia), Mitsubishi Gas Chemical Company Inc. (Japan), Petroliam Nasional Berhad (PETRONAS), Valero Marketing and Supply Company (US), Zagros Petrochemical Company (Iran), Mitsui & Co. Ltd (Japan), Sipchem (Saudi Arabia), Solventis (UK), and Simalin Chemical Industries Limited (India) are some renowned companies in the global methanol market that are profiled by MRFR to study the expansion dynamics of the market through the review period.
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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:
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Aerospace Coating industry 2020-2027 Consumption, Export, Import by Regions, Competitors, Pricing Strategy
April 22, 2022 5:31 - Pas de commentaireMarket Overview:
The factor that is driving demand for aerospace coatings is the continued need to develop more environmentally friendly products that produce less hazardous materials. So, the advancement in the field of chromo free technology coupled with the usage of environment-friendly coating products is one of the major drivers of the market. For many decades, chrome-based coatings were the most preferred coatings, however, they are no longer used because of issues related to health, safety, and environmental protection. According to the International Air Transport Association (IATA), a 1% improvement in fuel efficiency in the aviation industry can lower fuel costs by USD 700 million a year.
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Aerospace Coatings Market, 2020-2027 Industry Research Report is an exhaustive study on the present market scenario of the global Aerospace Coatings industry with a special focus on the International market of this industry.
Market research future published a raw research report on the Global aerospace coatings market that contains the information from 2020 to 2027. The global Aerospace Coatings industry is expected to grow with approximately 7% CAGR from 2020 to 2027.
Scope of the Report:
This study provides an overview of the global aerospace coatings market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aerospace coatings market by its resin type, end-user, application and regions.
Segmentation:
By Regions
- North America
- Europe
- Asia-Pacific
- Rest of World
By Resin Type
- Polyurethanes
- Epoxy
By End-User
- Commercial
- Military
- General Aviation
By Application
- Exterior
- Interior
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Key Players Analysis for Aerospace Coatings Market:
- Akzo Nobel N.V. (Netherlands),
- Zircotec Ltd. (U.K.),
- BASF SE (Germany),
- PPG Industries, Inc. (U.S.),
- IHI Ionbond AG (Switzerland),
- The Sherwin-Williams Company (U.S.),
- Henkel AG & Company KGaA (Germany),
- Mankiewicz Gebr. & Co. (Germany),
- BryCoat Inc. (U.S.)
- Argosy International Inc. (U.S.)
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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
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United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Structural Insulated Panels Market size Opportunities, Top Key Manufacturers and Supply Demand 2028
April 22, 2022 5:14 - Pas de commentaireMarket Synopsis
Market Research Future (MRFR), in its latest structural insulated panel market 2021 report, reveals different forces that can impact the market. In addition, the influence of COVID 19 on the structured insulated panel market is explained in the report. The rise in the structural insulated panel market across the globe can be attributed to the expansion of the construction sector. The constant demand for smart infrastructure and spacious buildings across developing economies can promote the expansion of the market through the assessment period. The growing installation of structural insulated panels in the construction industry owing to rise in demand for innovative infrastructure design can promote the growth of the market through the analysis period. The increase in adoption of structural insulated panels in different application areas as they offer great performance and potential economic advantages can also support the rise of the structural insulated panels market in the analysis period.
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Regional Study
In APAC, the rapidly growing construction techniques proven to be beneficial for constructions as they offer outstanding features to the construction enclosures is expected to boost the regional structural insulated panels market in the study period. In addition, the rise in initiatives taken by governments to support smart city and construction mega projects can aid the structural insulated panel market to gain momentum in the review period. In North America, the rise in the adoption of structural panels due to increase in awareness about their advantages, such as cost-effectiveness and light-weighted supporting structures can promote the expansion of the regional market. The US is likely to head North America structural insulated panel market in the years ahead. In Europe, the surge in the adoption of structural insulated panels due to greater assembly time advantage can impel the expansion of the structural insulated panels market. The increase in need for commercial building and residential space can promote the expansion of the structural insulated panel in the region. As construction technologies get smarter, their demand rises, which can boost the growth of EU structural insulated panel market.
Market Segmentation
The segment evaluation of the global Structural Insulated panels market size is based on product and application.
The product based segments of the global structural insulated panels market are polyurethane insulated (PUR) panels, expanded polystyrene (EPS) panels, and glass wool panels among others. The application based segments of the structural insulated panel global market are residential and commercial.
The increase in the application of polystyrene (EPS) panels can gain high traction for structural insulated panels, which, in turn, can add momentum to the expansion of the global market through the study period. Growing adoption of structural insulated panel for residential applications can also impel the market rise.
Light weight and high durability of polystyrene based structural insulated panels that offers high load bearing capacity, hence used widely in the construction industry can promote the expansion of the market in the assessment period. Good thermal insulation, air-tightness, long lifespan, and low maintenance cost are other advantages offered by polystyrene structural insulated panels that support the market rise through the analysis period. The rise in the implementation of new approaches for construction and designing of buildings with eco-friendly materials can also boost the expansion of the market through the analysis period.
Key Players
Metecno (Italy), ArcelorMittal (Luxembourg), Italpannelli SRL (Italy), Kingspan Group (Ireland), Alubel SpA (Italy), BALEX-METAL (Poland), Isopan (Manni Group SpA), Marcegaglia SpA (Italy), and NCI Building Systems (US) are some noteworthy players in the structural insulated panels market as listed by MRFR.
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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
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United States of America
Phone:
+1 628 258 0071(US)
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