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sodium bicarbonate market Covid-19 Impact Analysis, Opportunities and Forecast to 2030
22 de Agosto de 2022, 5:15 - sem comentários aindaMarket Overview
The global Sodium Bicarbonate Market is set to grow steadily at a moderate CAGR during the forecast period (2022-2030), reports Market Research Future (MRFR). The consumption of meat, sugar, and dairy products makes the body acidic which the body tries to nullify by holding the alkaline salts. However, the presence of tissue acidity leads to health problems like arthritis, digestive disorders, and heartburn. This issue can be taken care of by consuming sodium bicarbonate or baking soda with water as it helps reduce acidity being alkaline in nature. MRFR report identifies that the benefits of baking soda or sodium bicarbonate is expected to be one of the main growth drivers for the global sodium bicarbonate market in the coming years. Moreover, the demand for sodium bicarbonate is bound to rise on account of its usage in the treatment of ventricular dysrhythmias, which is caused due to excessive use of cocaine.
Although the market’s future prospects seem bright, fluctuating price of sodium bicarbonate globally can potentially undermine the market growth in the coming years. However, major market trends are gaining traction which positively shapes the sodium bicarbonate market dynamics, such as increasing use of baking soda as a deodorizing agent. As baking soda neutralizes acidity, it is an ideal element used to absorb odor and act like a deodorant. Furthermore, baking soda or sodium bicarbonate is free of chemical additives unlike many other products, a fact that makes the product highly appealing to large number of consumers, leading to massive demand globally.
Key Players
FMC Corporation. (US), Blue Bird Foods India Pvt. Ltd. (India), Tata Chemicals Ltd. (India), Solvay S.A. Chemicals Company (Europe), Tosoh Corporation (Japan), and Asahi glass Co. Ltd (Japan) are some of the key players in the global sodium bicarbonate market.
Market Segmentation
MRFR report states that the global sodium bicarbonate market is segmented on the basis of application, end users and region.
By application, the global sodium bicarbonate market is segmented on the basis of medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. There is a high demand for sodium bicarbonate in the medical field, majorly used as antacids. It is used to treat the symptoms of stomach or duodenal ulcers. Moreover, it is also used to relieve heartburn and acid indigestion by neutralizing excess stomach acid.
By end users, the market is segmented on the basis of pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others. Sodium bicarbonate in food and beverage industry is extensively used in baking goods, legumes and beans, food coloring, effervescent soda, and vegetable and fruit scrub. Hence, the plethora of applications of sodium bicarbonate in the food and beverage industry propels its demand and leads to the segment growth.
Regional Analysis
The global sodium bicarbonate market is geographically spread across Asia Pacific, North America, Europe and the Rest of the World (RoW).
Among all regions, the Asia-Pacific region is at the top position with the largest market share in terms of production and consumption. In the region, China is the largest producer and consumer of sodium bicarbonate making it the dominating market segment. Burgeoning demand for soaps & detergents, food & beverages, and chemical raw materials in countries such as China, India, Thailand and Indonesia has fuelled the sodium bicarbonate market demand. Also, the application of sodium bicarbonate as an ingredient in animal feeds is expected to result in tremendous market growth during the forecast period. Furthermore, established market players such as Solvay and Novacap are targeting to invest in Asian countries as they foresee untapped potential in the region.
MRFR also observes that the region of North America holds the second position globally with the second largest market share of sodium bicarbonate. The United States majorly contributes to this growth and also gives tough competition to Asia Pacific market, owing to strong presence of sodium bicarbonate manufacturers who offer the products with low cost and also over dumping of sodium bicarbonate in Asia-Pacific countries. Moreover, changing lifestyle and changing food habits due to rising urbanization has led to heavy consumption of sodium bicarbonate for its health benefits.
The Europe market is growing at a sluggish rate and seems to have reached a plateau due to strict regulations by the government for producing sodium bicarbonate. However, elevated demand from the detergent and soap industry in the region is projected to fuel the market growth of sodium bicarbonate in near future.
The Middle East and Africa markets are growing steadily and are deemed to maintain the growth due to lenient government regulations as well as growing awareness about the health benefits of sodium bicarbonate. Not just this but high demand in food and agriculture industry gives a major leeway to the market growth in the region.
Industry News
Belgium-based Solvay is planning to invest USD 5 million to modernize the gas cogeneration units in its soda ash and sodium bicarbonate facility in Bernburg, Germany. This investment will enable the company to solidify the facility’s long-term position and also boost its competitiveness while maintaining the current production capacity. Moreover, this move further establishes Solvay’s commitment to sustainable development, reducing the intensity of carbon dioxide.
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ethylene tetrafluoroethylene market size New Opportunities, Emerging Trends And Forecasts To 2027
22 de Agosto de 2022, 5:10 - sem comentários aindaMarket Overview:
The global Ethylene Tetrafluoroethylene (ETFE) market is spanned across five regions of the world namely North America, Asia Pacific, Europe Latin America, and the Middle East & Africa. North America holds the major share of the global market and is projected to continue leading owing to the high adoption in the automobile and aerospace sector. According to the Statistica, the U.S. car production was over 11 million units in 2021. The growing usage of ETFE in anti-braking systems, engine sensors, and seats is expected to boost the market growth. Asia Pacific is anticipated to be the fastest growing region in the global ETFE market during the forecast period. The presence of the most populated economies has fuelled the automotive sector, which, in turn, is expected to boost the market growth during the forecast period. Additionally, the burgeoning construction sector in China is also expected to fuel the market growth. For instance, China construction industry generated an output value of over 19 trillion Yuan.
Segmentation
The global Ethylene Tetrafluoroethylene (ETFE) market size is segmented into the material, product, type and end-user industry. On the basis of the material, the market is segmented into natural Ethylene Tetrafluoroethylene (ETFE) and synthetic Ethylene Tetrafluoroethylene (ETFE). On the basis of the product, the global Ethylene Tetrafluoroethylene (ETFE) market is segmented into grinding wheels, sandpaper and others. On the basis of the type, the market is bifurcated into coated Ethylene Tetrafluoroethylene (ETFE), bonded Ethylene Tetrafluoroethylene (ETFE), and super Ethylene Tetrafluoroethylene (ETFE). On the basis of the end-use industry, the market is further segmented into automotive, machinery, metal fabrication, electrical and electronics, building and construction, and others
Competitive Analysis
3M (US), AGC Inc. (Japan), Hubei Everflon Polymer CO., Ltd. (China), DAIKIN INDUSTRIES, Ltd. (Japan), Vector Foiltec. (Germany), DuPont de Nemours, Inc. (US), Li Chang Technology (Ganzhou) Co., Ltd. (China), and Ensinger (Germany).
Regional Analysis
The Global Ethylene Tetrafluoroethylene Market is analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominates the global ethylene tetrafluoroethylene market and is projected to register highest the CAGR during the forecast period owing to the rapidly growing industrialization and constructional activities in the region. The increased use of ETFE material in the automotive sector of emerging economies of countries in Asia-Pacific is further expected to drive the regional market demand. China, followed by India and other South-East Asian countries, emerged as the largest consumer of global ethylene tetrafluoroethylene market. Additionally, the rising product innovations to subdue the growing product demand from end-use industry is further boosting the regional market growth. For instance, in 2015, AGC Inc., a world-leading manufacturer of glass, chemicals and high-tech materials, launched a new product of Fluon LM-ETFE AH series named Fluon LM-ETFE LH 800 for automotive fuel hose systems exhibiting excellent adhesion properties and wide temperature range of 200-300 degree Celsius. This product launch has helped the company to deliver high value-added products across the global markets and expand its global footprint.
North America accounted for a substantial market share in 2018. The growing demand for ETPE material in construction applications and the rising residential and commercial activities in the US is expected to drive the market. In addition, the use of the product owing to its high mechanical toughness, in the aircraft and spacecraft wiring applications is further augmenting the demand in the region.
Europe is also expected to register significant growth during the forecast period due to a shift towards environment-friendly products on account of rising environmental concerns in the region. Germany, Belgium, and France are the major countries contributing the regional market growth.
Latin America and the Middle East & Africa are expected to show healthy growth during the forecast period owing to the increasing construction activities and expanding the automotive industry in the regions.
Emulsion Polymers industry In-Depth Research on Market Size Dynamics, & Emerging Growth Factors 2030
22 de Agosto de 2022, 4:54 - sem comentários aindaEmulsion polymers are obtained via polymerization of monomer, surfactants, and water. A new report on the global emulsion polymers market, published by Market Research Future (MRFR), envisions that this market can look at expansion between 2022 and 2030. In terms of money value, the market can be worth USD 4,317.10 Mn by the end of the forecast period.
The greatest market driver for the global emulsion polymers market growth is high pacing demand for emulsion polymers. The demand is rising due to the robust industry growth of various products whose manufacturing requires emulsion polymers on an essential level. Emulsion polymers are waterborne solvents. As monomer dissolves in water, it can act as a substitute for many solvent-borne polymers. Its low volatile organic compound (VOC) property makes it worthy. Benefits of the monomer also include high molecular weight and better recyclability due to which its demand is increasing in many end-user industries. The increasing demand for paints & coatings in the automotive sector and building & construction sector is also boosting the market demand as well as growth. Other market drivers for the global emulsion polymers market growth include the replacement of solvent-borne polymers with eco-friendly waterborne polymers made from emulsion polymers growing environmental concern regarding solvent-borne polymers and growing environmental concern regarding such polymers. However, volatile prices of crude oil can hurt the market growth as emulsion polymers derived from crude oil and natural gas.
Key Players
Big players in the global emulsion polymers market are Arkema Co. (France), Celanese Corporation (USA), BASF SE (Germany), The Dow Chemical Company (USA), Dī Ai Shī Kabushiki-gaisha (DIC) Corporation (Japan), Koninklijke DSM N.V. (Netherlands), Nuplex Industries Ltd (Australia), Omnova Solutions Inc. (USA), Trinsea Co. (USA), and Wacker Chemie AG (Germany).
Latest Industry News
- SNF Group is set to invest USD 1.2 billion over a period of three years to increase the production of polyacrylamide. SNF has also added 500,000 m.t./yr production capacity for emulsion-grade powder-grade polyacrylamide (PAM) within and 100,000 meter/year outside the USA. 21 AUG 2019
Market Segmentation
The global Emulsion Polymers industry segmentation encompasses application and types. MRFR’s take on the market marks various facets of the market in-depth.
The application-based segmentation of this market covers adhesive & sealants, paper & paperboards, paint & coatings, and others. The paint & coatings application sector holds 30% of the market share due to increasing demand from the automotive industry as well as the construction industry. The emulsion polymers are used for improving the quality of paints and coatings. Manufacturers of paints want to manufacture paints with better quality, higher strength, and enhanced heat sensitivity. Hence, the market is adopting new technology that subsequently increases usage of emulsion polymers. Other factors that support the growth of paint & coatings application sector include growing demand of adhesives in the automotive industry and the aerospace industry, changing the lifestyle of consumers, and improving gross domestic products (GDPs) of developing nations.
By type, the market includes acrylics, styrene-butadiene latex, polyurethane dispersions, vinyl acetate polymers, and others. The acrylic-based emulsion polymers segment generates revenue that is higher than other segments, due to its properties like quick drying ability and water resistance. Not only acrylic dries the paints quickly, but it also provides good adhesion, strength, and quality. Hence, the demand, sales, and use of acrylic are increasing in the paints & coatings industry, and thus, the emulsion polymers market is also expanding. The market for vinyl acetate polymers is also surging due to increased output of water-based adhesive, paper, and wood manufacturing.
Regional Segmentation
A geographical outlining of the global emulsion polymers market covers the Asia Pacific, North America, Europe, and Rest of the World (RoW).
The Asia Pacific has the potential to provide much thrust to construction activities. The paints & coating industry is also expanding in this region. In developing countries including China and India, the demand for paints & coatings increasing with the need for adhesives. Hence, the demand and market are growing for acrylics too. The acrylic products are required for infrastructure development for which the demand for construction material leads to the growth of construction sector as construction of new buildings would lead to development of infrastructure and market growth for emulsion polymers. Japan is another economy in this region that has the potential of emerging as a powerful country-specific market.
In Europe and North America, the market can grow steadily. The USA is the strongest economy in North America. In USA, the market growth for emulsion polymers slowed down due to recession. Maximum demand, as well as maximum reduction for paints & coatings, happened in the automotive industry and construction industry. As North America and Europe have more advanced infrastructure compared to the Asia Pacific region, the market in these regions can be stable but to grow, it cannot pick up the pace of Asia Pacific market. Stringent regulations from governments in Europe regarding chemical emission in the environment have reduced the demand for emulsion polymers in this region. Canada is another important economy that has the potential to become an important country-specific market in North America. In Europe, such economies are France, Germany, and the UK.
The RoW segment covers the Middle East & Africa (MEA) region. During the assessment period, the market in this region is likely to grow significantly due to expanding energy resources. Due to these resources, the research & development (R&D) of emulsion polymer is increasing.
Medical Plastics Market Share | Segmentation, International Players, Demand and Forecast to 2028
22 de Agosto de 2022, 4:49 - sem comentários aindaOverview:
The global market report with details of the medical plastic market predicts a rise of 5.9% CAGR during the forecast period of 2021 to 2028. Market Research Future (MRFR) included studies on several factors, including the durability, cost-efficiency, and other aspects as plastic as major driving forces for the market. The global market would gain much from the rising investment in the healthcare sector, which is creating scope to arm healthcare professionals with better accessories. The inclusion of disposable materials is also getting bolstered by the rising demand for better protection against viral diseases.
Segmentation:
The global report on the Medical Plastics Market Share has been studied on the basis of a segmentation that includes type and application. Both these segments have data that have been collected by experts using scientific methods and other procedures.
By type, the report on the global plastics market has been segmented as polypropylene (PP), polyvinyl chloride (PVC), polyethylene (PE), engineering plastics, silicones, polystyrene (PS), and others. The PP segment held the largest market share and has the opportunity to record the fastest CAGR during the forecast period. The segment is getting followed by PVC, which find substantial use in the construction sector.
By application, the global report regarding the medical plastics market has been segmented into surgical instruments, drug delivery devices, disposables, catheters, diagnostic instruments, and others. The disposable segment has the maximum market coverage as the product has significant inclusion in medical devices such as cleaning gloves, and disposable enemas bags. The recent COVID-19 crisis is also backing the market as it has triggered a huge surge in the production of hazmat suits, plastic shields, gloves, and other protective gear.
Regional Analysis:
Asia Pacific has the chance to register itself as both the largest and the fastest-growing market. The region is getting backed by the high inclusion of such products in developing healthcare sectors of India, China, South Korea, and others. North America has a huge market for these products as the superlative healthcare systems of the region are impacting the market in credible ways.
Industry News:
In July 2020, Sumitomo Demag announced that they had opened a service and support office in Ireland’s Limerick. This endeavor has been made to explore the polymeric opportunities in Ireland. The company has a base in Ireland as a prominent manufacturing company. This effort is also to take advantage of the operational facilities of Ireland where various US companies have already invested substantially. This will help in connecting with various pharma, technology, and electronic firms. The company is already known as an injection molding company and it is a part of their post-Brexit insulation strategy.
In July 2020, Axial3D, a medical 3D printing firm, announced that they have teamed up with Corazon, a company known for its program development for the spine, neuroscience, heart and vascular, and orthopedic service lines. The intent is to fuse state-of-the-art technologies with expertise of Corazon. This partnership would definitely boost the global market for medical plastics manufacturer.
The recent demand for medical equipment to support the COVID-19 crisis is expected to boost the global medical plastic market.
Competitive Landscape:
- Röchling Group (Germany),
- Exxon Mobil Corporation (US),
- Fortune Medical Plastic Products Company (China),
- BASF SE (Germany),
- DuPont de Nemours, Inc. (the US),
- Eastman Chemical Company (US),
- Celanese Corporation (US),
- Covestro AG (Germany),
- Solvay (Belgium),
- The Lubrizol Corporation (US),
- Evonik Industries AG (Germany),
- Saint-Gobain Performance Plastics (France),
- Trinseo (US),
- Ensinger (Germany),
- Tekni-Plex (US) and
- Röchling Group (Germany)
Refrigeration Oil Industry (COVID-19 Analysis) with Industry Price, Future, Analysis by 2030
22 de Agosto de 2022, 4:28 - sem comentários aindaGrowing Urbanization in Developing Economies to Drive Refrigeration Oil Market
The global refrigeration oil market is expected to exhibit a steady 5.31% CAGR over the forecast period from 2021 to 2030, according to the latest research report from Market Research Future (MRFR). The global refrigeration oil market is profiled in detail in the report to draw conclusions about the market’s likely growth trajectory over the forecast period. The global refrigeration oil market is expected to grow to a valuation of USD 1731 million by 2030.
The growing demand for refrigeration units in supermarkets and hypermarkets to store frozen food and beverage products is likely to be a major driver for the global refrigeration oil market over the forecast period. Packaged food and beverages have become the new norm in the food and beverage industry, leading to a growing demand for effective refrigeration units to keep these products safe. Refrigeration prevents microbial growth in packaged food and beverages, keeping the products fresh for longer. This has driven the demand for refrigeration oil at a robust growth rate. The increasing deployment of supermarkets and other comparable shopping avenues in developing countries is likely to be a major driver for the refrigeration oil market over the forecast period. The growing urbanization in developing countries has driven up the number of supermarkets or comparable shopping centers, which is likely to remain a key driver for the global refrigeration oil market over the forecast period.
The growing pharmaceutical industry is also likely to be a major driver for the global refrigeration oil market, as the demand for refrigeration units to store biological samples and pharmaceutical ingredients is likely to increase over the coming years. Like with packaged food and beverages, refrigeration prevents microbial contamination in pharmaceutical samples, with the physical containment inside a refrigeration unit also preventing other environmental pollutants to have their way. Growing efforts at drug discovery are likely to be central to the global refrigeration oil market in the coming years, as the increasing efforts made to discover new types of drugs entailing significant expenditure on refrigeration equipment.
Segmentation:
The global Refrigeration Oil Industry is segmented on the basis of type, refrigerant type, application, and region.
By type, the global refrigeration oil market is segmented into synthetic and mineral oils. The synthetic oil segment holds the largest share in the global refrigeration oil market and is likely to remain dominant over the coming years due to the growing demand for synthetic oils in ammonia/CO2 refrigeration units. However, the higher cost of synthetic oils is a major restraint for the segment.
By refrigerant type, the global refrigeration oil market is segmented into ammonia/CO2, HFCs, and others. The ammonia/CO2 segment holds the largest share in the global refrigeration oil market due to its low environmental impact and is likely to exhibit growth at the highest growth rate over the forecast period.
By application, the global refrigeration oil market is segmented into refrigerators and freezers, aftermarket, automotive AC systems, air conditioners, chillers, and others. The refrigerators and freezers segment held the dominant share in the global refrigeration oil market in 2018 and is likely to grow at a high 4.59% CAGR over the forecast period.
Regional Analysis:
Asia Pacific holds the largest share in the global refrigeration oil market, followed by Europe. The growing urbanization in Asia Pacific has been a major driver for the global refrigeration oil market, as this has driven the demand for refrigerators and freezers in consumer as well as commercial applications.
Competitive Analysis:
Leading players in the global refrigeration oil market include Cosmo Oil Lubricants Co., Indian Oil Corporation Ltd., Lubriplate Lubricants Company, PETRONAS Dagangan Berhad, Behr Hella Service GmbH, Calumet Specialty Products Partners LP, Total, Exxon Mobil Corporation, Royal Dutch Shell, China Petrochemical Corporation, Arkema, BASF SE, and JXTG Nippon Oil & Energy Corporation.
Leading players are likely to focus on increasing the production capacity with regards to synthetic refrigeration oils in the coming years, as the demand for synthetic oils is likely to increase in the coming years.
