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Precious Metals Market Outlook Geographical Segmentation, Comprehensive Analysis to 2027
августа 24, 2022 5:40 - no comments yetThe 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.
Segmentation:
The global Precious metals market Outlook 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.
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.
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Mercaptan Market Share 2021 : Future Trends Analysis, Worldwide Business Overview by Top Manufacturers and Sales Revenue Forecast to 2030
августа 24, 2022 4:56 - no comments yetMarket 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 Share 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.
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.
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.
Silico Manganese Market Share Perspective, Comprehensive Analysis, and Forecast 2020 – 2027
августа 24, 2022 4:26 - no comments yetMarket Overview
As per the recent study, the global silico- manganese market size in 2019 is registered at USD 17,196 million and is predicted to reach USD 23,996 million with a significant CAGR of 5.71% during the forecast period 2020-2027.
Silicomanganese is a few times called Ferro silicon manganese. It is a ferroalloy made up of manganese, silicon, and iron and is produced by smelting of slag with manganese ore, coke, quartz flux in an arc furnace which is submerged electrically with high temperature. silicon manganese is a mixture of carbon 1-2%, silicon 16-21%, manganese 65-70%, sulfur, and phosphorus. Silicon manganese production requires an energy-intensive process coupled with arc furnaces electrically submerged. This material forms major components which are used in the production of steel. These components are deoxidizers and desulfurizers leading to improve mechanical properties of steel which makes it ideal to use in large-scale industries like the automotive and automobile sectors.
Growing usage of silicomanganese in steel manufacturing and production is propelling the market growth. Rising demand for this material in various large-scale industries like the automobile and the automotive sector is boosting the demand for silicon manganese and further fuels the growth of the market. Increasing usage of steel in the various end-use industries like transportation, building, and construction. Upsurge in the alloying of steel to produce the products or supplements like carbon steel and stainless steel is accelerating the market growth.
The silicomanganese market opportunities are rising usage of steel in various end-use industries like transportation, building, and construction is escalating the market growth.
Market Segmentation
The silico manganese market Share is categorized into three segments based on the product, application, and end-user.
Product Segmentation: The silicomanganese market products are trifurcated into Low carbon Silico Manganese, Medium-carbon Silico Manganese, and High-carbon Silico Manganese.
Application Segmentation: The silicomanganese market based on the applications is classified into various forms such as dairy equipment, cutlery, automobile bodies, road rails, hand railings, and others.
End-user Segmentation: By end-user, the silicomanganese market is sectioned into automotive, defense, consumer appliances, and construction.
Regional Analysis
Based on the latest report, the silicomanganese market based on region is partitioned into five major regions such as Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Out of them, Asia-Pacific is accounting for the largest market share due to the rise in the construction sector, rapid urbanization, rapid industrialization, rise in steel production, and others. Europe is holding the second largest market share due to the surge in households, low rate of interest, single-family dwellings, and mortgage values in this region.
The silicomanganese market’s prominent players are Eramet Group (France), OM Holdings, Ltd (Singapore), Brahm Group (India), Jindal Steel & Power Ltd, (India), Sakura Ferroalloys (Malaysia), and others.
Industry news
According to the recent survey, the global silicomanganese market forecast states that this market is expected to grow at a significant rate for its demand in the automotive and automobile sectors, and non-biodegradable slag. As it is an eco-friendly alloy, it is rising demand in various sectors like the development of rigid pavements, ballasts, and other rail tracks are fueling the market growth.
GRE Pipes Industry | Business Overview, Price and Forecast 2022 – 2030
августа 24, 2022 3:52 - no comments yetMarket Segmentation
The global GRE (Glass Reinforced Epoxy) pipes market is expanding speedily, which in no time, is expected to witness a significant growth by 2030 with CAGR of approximately 4.2% from 2022-2030, reveals MRFR (Market Research Future) in its detailed reports. The report has a detailed analysis of segmental analysis and factors that can impact the market growth in the forecast years. Among factors, the increasing use of GRE pipes in industries is also helping the market in staying forward. Introduction of unique elements is helping the industrial workers on usage, costing and more is supporting the GRE pipes market growth substantially. At the same time, many industries are also showing acceptance for usages various fields is also propelling the market growth.
Key Holders
The leading market players in the global GRE pipes market primarily are Pipex Limited (UK), Future Pipe Industries (India), Tamdid pipes (Saudi Arabia), Epp Composites Pvt. Ltd. (India), Acwapipe (Saudi Arabia), Smithline Reinforced Composites (UAE), National Oilwell Varco (US) and others
Regional Analysis
Geographical analysis of the global GRE pipes Industry includes the North Americans, Europe, APAC, Latin America, and Middle East & Africa.
North America is anticipated to lead the GRE pipes market. North America is one of the key exporters of crude oil has significant usage of GRE pipes owing to the ongoing developments in the oil field. The GRE pipes are mainly used for the transportation of crude oil and gas. This process is often introduced to increase oil production in every period.
Among others, the Middle East & Africa is an attractive region of the GRE pipes market. Europe is a fertile region for natural sources such as coal, oil & gas and other precious minerals. Industries are making significant investments for the development in the extraction of oil and gas, where GRE pipes support majorly in the process. Furthermore, infrastructure developments in the natural gas field are likely to create opportunities for the GRE pipes market in the coming years.
In India and China, the GRE pipes market is expected to drive forward due to an increasing number of usages in oil & gas, fuel, water, sewage, and chemical industry.
Factors Driving GRE Pipes Market Growth
On account of various benefits of using GRE pipes, these are considered to be lightly weighted as compared to steel pipes. However, GRE pipes are easy to handle, install and transport. Furthermore, GRE pipes are highly suitable for usages in the application where the environment is moist, salty, and marshy. GRE pipes have a longer service life due to which it is used as pressure as well as gravity pipeline for water, industrial flow, and seawater pipelines. Leading industries in which GRE pipes are highly required are petrochemical process lines, oil and gas systems, fire-fighting systems, offshore and onshore systems, chemical transport and others. Due to its high performing components and acute designed structure, the pipes are potentially used on cross country pipelines, sewage disposal systems, sea water intake & return lines in power plants across the globe.
Due to unique properties of GRE pipes such as high performer and cost-effective, these have driven the global GRE pipe market at a higher rate. The economic growth of oil-rich economies has also played a significant role in demands for these pipes in major industries. Mentioning the greater part, booming of water networks, oil &gas sector and petrochemical plants have also driven the growth of GRE pipes market.
With the rise in infrastructure development and increasing urbanization offers GRE pipe market growth opportunities in noteworthy ways.
Competitive Outlook
The global GRE pipes market has seen sluggish growth in many other industries, out of which, in industrial plants pipe systems the GRE pipe have been observed in usage majorly for circulating water, cooling systems, process piping, and firewater.
Monofilament Industry | 2021 to 2028 – Production, Revenue, Average Product Price and Market Size Shares of Key Players
августа 24, 2022 3:41 - no comments yetCompetitive Landscape:
Remarkable players in the global monofilament market, as reported by MRFR, are SUPERFIL (India), Hinafil India Limited (India), Shinkey Monofilament Enterprise Co., LTD (Taiwan), NYCOA (U.S.), Medical Monofilament Manufacturing (U.S.), ONGC Petro additions Limited (India), TORAY INDUSTRIES, INC. (Japan), Polymer Industries (U.S.), Jarden Applied Materials, Jarden Process Solutions (U.S.), Albany International Corp (U.S.), Engineered Monofilaments Corporation (U.S.), and Zeus Industrial Products, Inc. (U.S.).
In 2018, Surgical Innovation Associates launched DuraSorb Monofilament Mesh that is made of bioabsorbable products and can be used in reconstructive or cosmetic surgery. The product provides support to soft tissues and then dissolves within a year. The product recently received its FDA clearance as well.
Overview:
The monofilament market, as per the latest report of Market Research Future (MRFR), can rise with a robust CAGR during the forecast period (2021-2028) and attain a remarkable valuation. Monofilament is a type of fiber with a single filament and is mostly used in fishing to manufacture the nylon fishing line. Mostly made of nylon, polyester, and polyolefins, its flexibility, shock resistance, and affordability make it better than the multifilaments. Monofilaments are also easy to handle; its knot trying and stretch features are superior to that of the multifilament. The product comes in an array of colors which creates enough scope for the market to operate. MRFR in their report made a definitive study of the segments for a better overview of the market. The report also comes with an analysis of the factors that can trigger the future market growth.
The fishing industry is one of the major sectors that is finding widespread use of the product. Hence, rapid growth can be expected due to traction. The fishing industry is burgeoning both as an important chain for the food sector and livelihood. This can directly impact the manufacturing of monofilament fishing nets. The product is also enjoying much recognition in the apparel and textile industry. Coupled with the rising disposable income, the sector is providing much traction to the monofilament market. At the same time, the medical industry is bound to push the market further ahead. Monofilaments are widely used as suture and catheter braiding reinforcement. The automotive industry is also expected to emerge as a lucrative scope for the monofilament market expansion.
Segmentation:
MRFR segments the Monofilament Industry by type and application for a comprehensive understanding of the upcoming market demography.
Based on the type, the monofilament market can be segmented into nylon, polyester, and polyolefins. The nylon segment is further sub-segmented into nylon 6 and nylon 66. The polyolefins segment includes high-density polyethylene (HDPE), polyethylene, and polypropylene.
Based on the application, the monofilament market can be segmented into fishing & agriculture, automotive, textile, wastewater treatment, medical, and others.
Regional Analysis:
MRFR segments the monofilament market regionally into Asia Pacific (APAC), North America, Latin America, Europe, and Middle East & Africa (MEA).
The APAC market has the largest share of the global market. The fish production industry is thriving in the region, and the economic resources are coming in quite handy to support the monofilament industry. Simultaneously, India and China are emerging as medical tourism hub which is providing thrust to the regional monofilament market.
North America’s love for seafood can be considered crucial in the promotion of the regional market. At the same time, apparel and textile industries are also growing at a rapid pace which can substantially boost the monofilament market in the coming years.
Europe is witnessing significant growth in the regional market, and the credit can be given to France’s wine industry where monofilament sutures are getting substantial recognition. Latin America mostly banks on the surgical and non-surgical aesthetics and ophthalmology and its growth, along with, the textile can promote the regional market. The MEA market can also experience the impact of growing traction from the automotive and textile industries.
