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Ferric Chloride industry Perspective, COVID-19 Impact Analysis, and Forecast 2027
April 15, 2022 9:01 - Pas de commentaireMarket Analysis
The global ferric chloride market is anticipated to grow at a 4.65% CAGR between 2020-2027, as per the recent Market Research Future (MRFR) report. Ferric chloride is an aqueous solution that is light brown to colorless and has a faint hydrochloric odor. It has an extensive range of applications, including metallurgy, electronics, chemical, and pharmaceutical for its solubility with various organic solvents along with its exothermic nature that helps to increase reaction rates. It is utilized as a catalyst in organic synthesis, to treat over-cropping of animal claws, a drying reagent in an anhydrous form in some reactions, and in energy storage systems.
Numerous factors are adding to the growth of the global ferric chloride market. These factors, according to the latest Market Research Future report, include increasing awareness of consumers about the waterborne disease, especially typhoid and cholera, better performance characteristics, higher cost efficiency, demand for clean drinking water, and increasing pollution and water consumption levels.
On the contrary, the acidic and corrosive nature of ferric chloride in specific water treatment plants coupled with strict regulations laid down by the government on companies at the time of its production as well as shipment, and the dispersion of ferric chloride into plastic container or glass are factors that may hamper the global ferric chloride market growth during the forecast period.
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Market Segmentation
The Market Research Future report provides a complete segmental analysis of the global ferric chloride market based on end use industry, application, and grade.
By grade, the global ferric chloride market is segmented into ferric chloride liquid, ferric chloride hexahydrate lumps, and anhydrous.
By application, the global ferric chloride industry is segmented into asphalt blowing, catalyst, pigment manufacturing, printed circuit boards, electronic etchants, potable water treatment, metal surface treatment, waste-water treatment, and others.
By end use industry, the global ferric chloride market is segmented into municipal potable water treatment, municipal waste-water treatment, metals and metallurgy, electronics, chemicals, pharmaceuticals, and others.
Regional Analysis
By region, the global ferric chloride market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Of these, the APAC region will remain the driving force in the market during the forecast period for its extensive use in the electronics and water treatment industry. Besides, the rising application of ferric chloride in the metal & metallurgy industry is also adding to the market growth. China is the key contributor in the region for its increasing demand in the etching of PCBs followed by India, Malaysia, Japan, and South Korea.
The global ferric chloride market in Europe will have lucrative growth during the forecast period. Numerous factors are adding to the growth of the ferric chloride market in the region, such as high consumption potential, presence of key end use industries, booming portable water treatment and pharmaceuticals industry, and increasing use in pigment manufacturing. Germany, Belgium, Hungary, Italy, and France are the key contributors in this region.
The global ferric chloride market in North America will have profitable growth during the forecast period. Numerous factors are adding to the growth of the ferric chloride market in the region such as rising application of ferric chloride in the waste-water treatment sector and pharmaceuticals, surging demand in industrial waste-water and sewage treatment, well-developed economy, increasing production capacities, and high consumption potential. The US is the chief contributor in this region.
The global ferric chloride market in Latin America and the MEA will have stable growth during the forecast period.
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Key Players
Notable players profiled in the global ferric chloride market report include Saf Sulphur Company (Saudi Arabia), Feralco AB (France), Seqens Group (France), BASF SE (Germany), PVS Chemicals (US), BorsodChem (Hungary), Sukha Chemical Industries (India), Sidra Wassercheime GmbH (Germany), MALAY-SINO CHEMICAL INDUSTRIES SDN. BHD (Malaysia), Gulbrandsen (US), KEM ONE (France), Chemifloc LTD (Ireland), Tessenderlo Group (Belgium), and Kemira (Finland). Key players are incorporating specific strategies to create a niche in the market, such as partnerships, mergers, collaborations, and others.
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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Fermentation Chemicals Industry 2020 Industry Production, Sales and Consumption Status
April 15, 2022 8:49 - Pas de commentaireMarket Summary
The global market for fermentation chemicals stood at USD 61.22 million in 2020 and is projected to exhibit a CAGR of over 5.3% during the forecast period owing to the growing adoption of organic food and beverages across the globe. Also, the demand for fermentation chemicals is increased in the production of ethanol, which is used as an oxygenate in reformulated gasoline. The restriction on the use of methyl tert-butyl ether (MTBE) in North America and Europe is a major factor that has increased the adoption of ethanol, which is expected to propel the demand for fermentation chemicals during the forecast period.
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Competitive Analysis
The key players operating in the global fermentation chemicals market are Amano Enzyme Inc (Japan), AB Enzymes (Germany), Evonik Industries AG (Germany), EUROSANEX (Spain), Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), Ajinomoto Co., Inc (Japan), Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), DowDuPont (US), INVISTA (US).
Segment Analysis
The global Fermentation Chemicals Industry is segmented based on product type and application. By product type, the global market has been segmented into alcohols & ketones, amino acids, industrial enzymes, organic acids, and others. Alcohols & ketones consist of ethanol, butanol, BDO, and acetone. The segment accounted for a major share of over 30% of the global market in 2018 and is expected to follow the trend during the forecast period. Alcohols are majorly used in the production of various food, such as bread and pickles, as well as beverages. The increase in consumption of alcoholic beverages and preference for heavy and on-the-go breakfast regime are factors expected to boost the demand for fermentation chemicals during the forecast period. The use of enzymes as active ingredients in detergents, industrial cleaners, and pre-treatment of biofuels is also expected to boost the demand for the product. The growing concerns regarding the depletion of oil reserves and inflating fuel prices are expected to increase the demand for the product in biofuel production during the forecast period.
Based on application, the global market has been divided into food & beverages, plastics & fibers, nutritional & pharmaceuticals, industrial application, cosmetic & toiletry, and others. The plastic & fiber segment accounted for the largest market share and is expected to maintain its dominance throughout the forecast period. The growth is attributed to the growing concern among government bodies and other agencies regarding non-degradable plastics. The imposition of ban on single-use plastics by various government bodies such as European Commission and ASTM International is promoting the use of biodegradable plastics, which is expected to fuel the growth of the global fermentation chemicals market. For instance, starch-based plastics are majorly used in various end-use industries such as automotive, agriculture, and packaging.
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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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bio plasticizers market Perspective, Comprehensive Analysis, and Forecast 2020 – 2027
April 15, 2022 8:00 - Pas de commentairePune, India, December 10, 2017/MRFR Press Release/- Market Research Future Published a Half Cooked Research “Global Bio Plasticizers Market Research Report - Forecast to 2027” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2027.
The Dow Chemical Company, Bioamber Inc., Vertellus Specialties Inc., Danisco Us Inc., Solvay S.A., Polyone Corporation, Emery Oleochemicals Llc, Myriant Corporation, Evonik Industries, Matrica Spa, Lanxess Ag and others
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Bio Plasticizers Market - Competitive Analysis
Key industry participants are continuously investing in R&D and innovation to develop improved products and enter in novel application fields. Majority companies are vying to compete with competitive commodity and energy prices in order to increase the profit margins. However, the market is characterized with the presence of highly differentiated products leading to high switching cost that is anticipated to enhance supplier power.
Bio Plasticizers Market – Market Overview
Shift in trend towards bio-based products from end-use industries such as automotive, consumer goods, and construction is anticipated to boost market growth over the forecast period. They exhibit properties such as better biodegradability and low toxicity in comparison with conventional plasticizers. Bio plasticizers Market are added to polymer matrix in order to enhance the chemical properties and flexibility.
Strict regulatory norms coupled with rising awareness regarding consumer health are expected to remain key market driving factors over the next seven years. Governments across the globe are promoting the usage of bio-degradable products to ensure reduced environmental pollution and assure sustainability. They are widely deployed as additives in PVC’s that are finally used in PVC resins, cables, automotive parts, and wire jacketing.
Strong growth of automotive manufacturing in emerging economies of Asia Pacific and Latin America is further anticipated to boost product demand. In addition, wide raw material availability coupled with continuous product development is expected to further benefit the industry growth. Rising consumer awareness in developing economies of Asia Pacific such as China and India regarding the supply of hazardous phthalates such as benzylbutylphthalate (BBP) and diethyl phthalate (DEP) is expected to fuel the demand for bio-plasticizers.
They also have performance advantages when utilized for manufacturing cables such as better electrical & temperature functioning in comparison to conventional synthetic polymers. Bio plasticizers are majorly obtained from renewable feedstock such as castor oil, citrates, and epoxidized soybean oil (ESBO). ESBO has emerged as the favoured additive in PVC gasket that are extensively utilized in food packaging application.
The growth of packaging industry in developing region is expected to positively influence the demand for bio plasticizers. Food packaging is the leading consumer segment within packaging application owing to benefits offered by bio plasticizers. Bio-based materials used in food packaging help maintain the quality and extends the residing shelf life of the food products. The global packaging industry is projected to exceed USD 900 billion by 2022, thus providing lucrative opportunities for industry participants to capitalize upon.
Asia Pacific emerged as the leading regional market and is expected to continue its dominance over the forecast period. Rapid urbanization coupled with significant economic growth in countries such as China, India, Japan, Thailand, Malaysia, and Indonesia is driving the growth of bio plasticizers. China is the leading country level market within Asia Pacific with demand being driven by population expansion and increasing per capita disposable income.
Developed regions including the U.S., Canada, UK, and Germany among others are also anticipated to witness above average growth rate due to mature end-use industries coupled with general awareness among industry participants to shift towards environment friendly products.
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Industry/ Innovation/ Related News
June 2017: Emery Oleochemicals, a global specialty chemical manufacturer and supplier announced the launch and commercial availabilty of its novel low temprature plasticizer EDENOL® DOZ that was prepared in accordance with demand for readily available azelaic acid based plasticizers specially for PVC and synthetic rubber usage.
Novemeber 2016: Polyone Coroporation announced the commercial launch of SynPlast L9TM plasticizer for flexible PVC. The product has similar characteristics as 810M linear plasticzier. The latter plasticizers created huge problems for Polyone’s customers due to suply shortages. However, the company aims at negating the supply demand imbalance created and satisfy the customers across the globe.
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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Construction Lubricants Market | Growing Popularity and Emerging Trends in the Industry By 2030
April 15, 2022 7:40 - Pas de commentaireRising construction and mining activities worldwide is generating substantial market opportunities of construction lubricant. Market Research Future (MRFR) reports that the global construction lubricants market is set to demonstrate a compound annual growth rate (CAGR) of 4% during the forecast period (2022-2030). In 2022, the market stood at a valuation of USD 13 Mn.
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Given the rapid expansion of the equipment fleets, demand for lubricants will continue to rise for the medium if not beyond. A variety of lubricant is available, of which categories such as engine oil, hydraulic oil and gear oil witness strong demand. The growth of the global construction sector is also proving the tailwinds to the global construction lubricants market.
The arrival of synthetic lubricant is also expected to provide an impetus to the market in the forthcoming years. Inclination towards synthetic oils is being prompted by elements such as reduced cost, environmental viability and superior performance.
Segmental Overview
MRFR’s report includes a thorough segmental analysis of the global construction lubricants market base on type, oil, application and region.
On the basis of type, the market has been segmented into automatic transmission fluid, grease, hydraulic oil, compressor oil, gear oil, engine oil and others. On the basis of oil, the market has been segmented into bio-based oil, synthetic oil and mineral oil. On the basis of application, the market has been segmented into heavy construction vehicles, material handling equipment, earthmoving equipment and others.
Global Construction Lubricants Market: Regional Segmentation
Regions that are discussed in MRFR’s report include Europe, Asia-Pacific (APAC), North America, Latin America (LatAm) and the Middle East & Africa (MEA). APAC represents the brightest market for construction lubricants. In 2017, the region accounted for the highest share of the market and the trend is likely to continue throughout the forecast period. Increased investment in urban infrastructural development in various APAC countries such as China, India and ASEAN members. The accelerated demand for construction equipment has created unique market opportunities for construction lubricant in the region.
North America due to the presence of advanced countries such the U.S. and Canada is viewed as a key market for construction lubricants. The vast end-use sector in the region will remain an intriguing prospect for market players. Industrial activities such as mining, and construction are at rife in North America, as a result, demand for construction lubricant remains high.
Market growth is expected to remain substantial in the Middle East & Africa (MEA) owing rapidly growing construction activities in CGG countries. Billions of dollars are being pumped in for urban infrastructure development in the report. There is a proposed plan of investment of USD 2,700 billion across the GCC nations by 2023. Such factors are expected to translate into attractive market opportunities in the forthcoming years.
Competitive Landscape
Some of the leading companies operating in the global construction lubricant market include Fuchs Petrolub SE (Germany), Lucas Oil Products, Amsoil Inc (US), Clariant (Switzerland), Calumet Specialty Products Partners, L.P (US), BP PLC (UK), Royal Dutch Shell PLC (Netherlands), Lukoil (Russia), Yushiro Chemical Industry (Japan), Rock Valley Oil and Chemical Co (US), Gulf Oil India (India), Phillips 66 Company (US), Indian Oil Corporation Limited (India), Valvoline Inc (US), Petronas (Malaysia), PetroChina Company Ltd (China), Quaker Chemical Corporation (US), Morris Lubricants (UK), Chevron Corporation (US), Total S.A. (France), Sinopec Corporation (China) and Exxon Mobil Corporation (US).
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Industry News Update
- The lubricant division of UAE based energy company Enoc Group has reportedly signed a three-year supply agreement with Al-Futtaim Auto & Machinery Company (Famco) with MoU to make Eppco lubricants the exclusive supplier of coolants, lubricants and greases to the company for its UAE operations.
- Japanese based oil refining company Idemitsu Kosan Co is reportedly planning to expand it lubricant manufacturing capacity in China by building a second plant. This move will allow the company to meet the rising demand for industrial and automotive oils.
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:
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+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Polyethylene Naphthalate Market Development Status and Regional Forecast 2027
April 15, 2022 7:16 - Pas de commentaireMarket Overview
Polyethylene Naphthalate finds its applications in beverage bottling, food packaging, electronics, rubber tires, and others. The beverage bottling and the food packaging applications are dominating the global polyethylene naphthalate market owing to the higher dimensional stability, enhanced barrier properties, and high temperature and chemical resistance. The product is excessively consumed in the packaging of beverages, which are vulnerable to oxidation, such as carbonated drinks, beer, and wine. It is also used in packaging of dairy products such as milk yogurt, condensed milk, buttermilk, and others. The use of the polyethylene naphthalate in food packaging and beverage bottling also increases the shelf life of the product. Thus, on account of the aforementioned factors food & beverage packaging is expected to account for the largest market share for polyethylene naphthalate in the global market. Furthermore, the growing use of polyethylene naphthalate in electronics & electrical industry to manufacture capacitors, cables, wires, optical devices, and others is anticipated to propel the market growth over the assessment period. The increasing demand for the product in the manufacturing of rubber tires is likely to propel the market growth in the automotive sector. The shifting trends towards the use of renewable energy sources is another underlying factor augmenting the product demand as it is used in solar cell protection.
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Competitive Analysis
Some of the manufacturers operating in the global polyethylene naphthalate market are DuPont Teijin Films (U.S.), Sumitomo Chemical Co., Ltd (Japan), DuraFiber Technologies Inc. (U.S.), TORAY MONOFILAMENT CO., LTD (Japan), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), SKC Inc. (South Korea), SASA Polyester Sanayi A.S. (Turkey), Seiwa Inc. (Japan), Polyonics, Inc. (U.S.), Shell Global (U.S.), 3M (U.S), KOLON PLASTIC INC. (South Korea), DowDupont (U.S.), and GTS Flexible Ltd. (U.K).
Regional Analysis
The global polyethylene naphthalate market is segmented into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is the dominating region in the global polyethylene naphthalate market due to the high production and consumption of the product from major end-use industries such as food packaging, automotive, and electronics in the region.
Asia Pacific is expected to be the fastest emerging region owing to the easy availability of raw materials, shifting the focus of manufacturers to the region, and the high demand from end-use industries such as packaging, automotive, and electronics.
The high production and sales of automotive parts in Europe are anticipated to drive the polyethylene naphthalate demand in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Polyethylene Naphthalate Market
Continue...
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Market Segmentation
The global polyethylene naphthalate market is segmented by manufacturing process and application.
On the basis of the manufacturing process, the polyethylene naphthalate market is segmented into acid and ester.
The global polyethylene naphthalate market is segmented based on the applications as beverage bottling, food packaging, electronics, rubber tires, and others.
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
