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Dispersant Dispersing Agent Market Growth to Surge Owing to Increasing Adoption by End-use Applications
A dispersant or dispersing agent (also known as plasticizer or supper plasticizer) is mostly surface active material or sometimes it can be a non-surface active polymer added to a suspension typically a colloid for enhance separation of particles and to prevent the process of thickening or clumping in the suspension. Dispersing agents include mixture of various chemicals such acrylic acid, polycarboxylate, lignosulfonates, and napthalene sulfonate.
On the basis of the end user industry, the market is segmented in the eight broad categories namely, construction industry, paints & coatings industry, pulp & paper industry, detergent industry, oil & gas industry, agricultural industry, pharmaceuticals industry, and other end-user industries
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Increasing demand of dispersant / dispersing agent from growing oil & gas industry, trend towards environmental sustainability and growing end user industries such as construction, paints & coatings industry, automobile industry and paper and pulp industry is driving the global dispersant / dispersing agent market.
The continuous variation in the raw materials costs and lack of Innovation in the dispersing agent market are some of the major challenges of the global dispersant / dispersing agent market.
Asia Pacific is the largest market of dispersant / dispersing agent market followed by Europe and North America. Asia Pacific is the fasted growing market attributed to growing allied industries such as construction and automotive industry. Surging urbanisation and embryonic transportation infrastructure in developing countries of Asia Pacific is keeping construction as major end user industry for dispersant / dispersing agent in this region.
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Moreover the rising demand of dispersant agents from automobile industry is expected to keep the growth rate high during the forecasted period.
The various application dispersing agents is increasing as a result several players has expanded many new and innovative products to confine an increase market share. Some of the major players of the market have also expanded their geographical presence, capacity expansion, and gone through many merger and acquisitions.
Some of the leading companies operating in global dispersant / dispersing agent market include,
Cytec Industries Inc.
Emerald Performance Materials Llc
Gruppo Chimico Dalton
The Lubrizol Corporation
Rudolf Gmbh
The Dow Chemical Company
Arkema Group
Basf SE
Clariant AG
Evonik Industries
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Dichloroethane (EDC) Market to Witness Significant Incremental Opportunity During 2021 to 2031
These days, there are various scenarios those propagate different kinds of chemicals & materials market outlook, these are expected to increase the capital expenditure across variety of industries. Persistence Market Research digs deep into the chemicals’ vertical and give a holistic view regarding the same.
Dichloroethane is also known as ethylene dichloride (EDC). Dichloroethane is a colorless liquid with chloroform-like odor. Dichloroethane is a chlorinated hydrocarbon, generally used to produce vinyl chloride monomer, the major precursor of polyvinyl chloride (PVC). Dichloroethane is highly flammable, toxic and carcinogenic.Dichloroethane can be easily recycled and reused in the same facility for further use. Dichloroethane market is strongly depends on PVC market and construction industry.
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Based on the application, the dichloroethane market is divided in three broad segments: vinyl chloride monomer, tetraethylenepentamine and others. On the basis of raw materials, dichloroethane market is segmented in two categories: ethylene and others.Asia Pacific is the largest market for dichloroethane, followed by North America and Europe. Asia Pacific region is expected to show a good growth rate over a forecasted period due to high growth potential of building and construction industry. China represents the largest market for PVC in the Asia Pacific region.
Some of the major drivers contributing to the overall market growth of dichloroethane market include high growth in the construction sector and increasing demand for PVC globally.
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Governments and private sectors across the globe are investing in better infrastructure facilities. Construction of residential and non-residential buildings leads to the demand for PVC products; indirectly increase the demand for dichloroethane market.
For infrastructure development, the U.K government’s public sector investment is expected to rise by USD 4.9 billion to about USD 77.7 billion in 2013-14 over 2012-13. Some of the major restraints for dichloroethane market include strict environmental regulations.
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Some of the major companies operating in the dichloroethane market include Dow Chemical Co., Occidental Chemical Corp, SolVin, Formosa Plastics Corporation and INEOS.
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Oilfield Process Chemicals Market Sales Revenue to Significantly Increase in the Next Few Years
Market Overview
Oilfield process chemicals are used in exploration and various extraction stages such as surfactant flooding and caustic flooding at oil and gas refineries or reservoirs. Oilfield process chemicals are used in separating gas from oil or separating oil from gas. Further Oilfield process chemicals control corrosion, fluid loss, waxes, bacteria, hydrogen sulfide and foam. It is also responsible for removal of water vapor, acid gas separation, and heavy hydrocarbon separation from the gases. Based on the application the major product categories of oilfield process chemicals include, stimulation fluids, drilling, workover, completion, cementing, production, and enhanced oil recovery chemicals. Drilling chemicals holds the largest market share in 2013.
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Based on chemical characteristics the global market for oilfield process chemicals can be broadly categories as biocides, demulsifiers, corrosion and scale inhibitors, pour point depressants, advanced polymers, surfactants and others. Demulsifier holds the largest market share in 2013. Demulsifiers are special surface active agents comprising relatively high molecular weight of polymers. When they are added to the oil, they tend to migrate to the oil–water interface and break the stabilizing film present in crude oil.
The demand for oilfield process chemicals is influenced by numerous factors. The energy requirement of developing countries such as India, China, and Brazil, are continuously increasing owing to improving living standards of consumers in these regions. Crude oil and natural gas are crucial to the energy supply chain and plays an important role in overall economy development of a region. In recent years, several developing nations are stepping towards self-reliability in oil and gas by investing in development of new onshore as well as offshore oil reserve.
Moreover production capacities of oil and gas refineries are increasing. This increase demand and production capacity of oil and gas leads to an increased market for oilfield process chemicals. North America is the largest market for oilfield chemicals followed by Rest of the World (Middle East and Latin America) and Asia Pacific. The market for oilfield process chemicals in North America experiencing a double digit growth rate attributed to recent development of North America shale assets, oil sands, and Gulf of Mexico’s deepwater resources in this region. The oilfield process chemical is growing at moderate rate in Asia Pacific mainly led by the increase production capacity of China. Middle East and Latin America are two traditional markets for oilfield process chemicals where market is offering a lucrative growth owing to increasing production capacity of oil and gas processing plants in this region.
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The major companies operating in global oilfield process chemical market include Baker Hughes, Inc., Ecolab, Inc., Halliburton Co., Schlumberger Ltd., Ashland, Inc., Gulf Coast Chemical LLC, BASF SE., Canadian Energy Services & Technology Corp., Chemex Inc., Chevron Corp., China National Petroleum Corp., Lamberti S.p.A., Sichem LLC, SMC Technologies, Inc., Stepan Co., Syrgis Performance Chemicals, The Dow Chemical Co., The Lubrizol Corp., Unitop Chemicals Pvt. Ltd.,Weatherford International, and Well Flow International LLC
Key points covered in the report
The report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation
North America
Europe
Asia
RoW
The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market
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Increasing Consumer Adoption to Fuel Demand for Automobiles Coolant Market
Market Overview
Coolant is used in almost all major automobiles ranging from small engine motor bikes to heavy duty commercial vehicles. Coolants are used for three major functions: cool down engine parts to avoid over heating during use of the automobiles; to maintain minimum temperature level of engine and avoid freezing when the vehicle is unused for long duration, especially in cold climates and to prevent corrosion of the metal machinery of the automobile.
The engine operating temperature must be maintained in an optimum range for engine’s proper operation and efficiency. High temperatures of engine tend to oxidize the engine oil and break it down into hard carbon, thus destroying it. Coolant flows from the automobiles engine picking up heat and giving it to outside air while the coolant flows to radiator. The maximum coolant flow rate in automobile engine can be one gallon (4 ltr) per minute for each horse power of engine. The heat transfer rate depends largely on the temperature difference between coolants and outside air and the coolant’s flow rate. In ideal condition, the freezing point of a coolant remains -20 degree Fahrenheit where as boiling point normally does not exceed 234 degree Fahrenheit.
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Based on technology, the global automobile coolants market is broadly categorized as inorganic additive, organic acid, hybrid organic acid and others. Further on the basis of application in automobiles, the coolant market is categorized as passenger car, commercial vehicle, two wheelers and others.
Ethylene glycol based coolants such as ‘traditional green ethylene glycol’ and ‘embittered coolant’ (contains up to 93% ethylene glycol plus water and additives) has higher boiling point resulting in high absorption of heat than some of the other coolants. Organic acid coolants are basically ethylene glycol-based but it does not contain silicates or phosphates, whereas hybrid organic acid based coolant such as VW/Audi pink (green or orange in color) contain ethylene glycol with small amount of silicate to provide correct pH for antifreeze properties.
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North America is the largest market for automobile coolant attributed to large number of vehicle and their vibrant intercity/country road connectivity. It is followed by Europe and Asia Pacific. The growth rate of automobile coolant is highest in Asia Pacific, lead by China and some of the other developing countries such as India, Indonesia, Malaysia, Thailand and Philippines.
Growing middle class population, rising disposable income, developing surface transportation infrastructure, growing aspiration of owning private vehicles, increasing mobility due to development of satellite townships near megacities and increasing demand of goods carriers from micro, small and medium size enterprises are fueling the market for automobile coolant in Asia Pacific region. Growing automotive aftermarket and do it yourself (DIY) culture in North America and Europe is fueling the growth of automobile coolant in these two region.
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Some of the major players operating in automobile coolant market include Total S.A., Castrol Limited., Cummins Filtration, Motul S.A., China National BlueStar (Group) Co. Ltd., Valvoline International Inc., Exxon Mobil Corp., Sinopec Corp. and Shandong Yuean Chemical Industry Co. Ltd.
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Specialty Chemicals Market to Witness Heightened Revenue Growth in the Next Decade
Market Overview
Chemical exist in different form such as solids, liquids, gases or plasma and one form can be changed to another by applying temperature or pressure. Chemical reaction is used to convert one chemical substance into another. Chemicals are used nearly by every industry and economic sector of the country such as energy, oil and gas, agriculture and consumer and retail sector.
Specialty chemicals, also known as effect chemicals, are chemicals which provide different effect when added to different chemical or substances. Specialty chemicals are used under different categories such as adhesives (substance applied at the surfaces of materials binding them together to resist separation), agrichemicals (pesticides such as insecticides, herbicides and fungicides), cleaning materials, cosmetic additives, construction chemicals, elastomers, flavors, food additives (food preservatives such as salt, sugar, vinegar and sulfur dioxide), fragrances, Industrial gases, lubricants, polymers, surfactants (emulsifiers, foaming agents and dispersants), and textile auxiliaries. Industrial sectors such as automobile, aerospace, food, cosmetics, agriculture, manufacturing, textile industries are the major end-user of specialty chemicals.
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Asia-Pacific leads the global specialty chemicals market followed by North America and Europe. Increasing industrial activities in developing countries such as India and China will increases the demand for specialty chemicals in these countries. China and Japan are expected to lead the Asia-Pacific market. Specialty polymers, industrial and institutional cleaners, construction chemicals, electronic chemicals, and flavors and fragrances are the major used specialty chemicals by the manufacturing industry. Rise in disposable income in the developing countries is expected to drive the demand for these products. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall medium household income in India has increased from USD 1,164.8 billion in 2011 to USD 1,308.8 billion in 2012.
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Increasing industrial activities in the field of cosmetics, food, agriculture and other manufacturing sector in the developing countries such as India and Brazil are expected to increase in coming future, thus increasing the overall demand for specialty chemicals. Additionally, specialty chemicals are increasingly used in water treatment. Introduction of more sophisticated water treatment technologies such as ion-exchange include use of specialty chemicals in industrial water treatment. Government regulation on the use of certain chemical in food processing industry and other manufacturing industry may hinder the growth of global specialty chemicals industry.
Chemical industry is very much fragmented with many renowned companies operates in this industry. Some of the major companies engaged in the manufacturing of specialty chemicals are Chevron Phillips Chemical Company, BASF SE, Akzo Nobel N.V., Clariant International Ltd, Evonik Industries AG, Chemtura Corporation, Cytec Industries Inc., Albemarle Corporation and Ferro Corporation.
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Biodiesel Market steadily through the forecast period of 2021-2031
New Study Reports “Biodiesel Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Biodiesel Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Biodiesel Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
In its latest revised report, Persistence Market Research says that the global biodiesel market is estimated to expand at a steady CAGR of 3% over the next ten years.
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Growing carbon dioxide emissions from fossil fuel, increasing energy demand, and impact of climate change have made it a high-urgency matter to search for low-carbon emission energy resources. Biodiesel has been increasingly explored as a possible alternative source of fuel. It signifies a key target for the future energy market, and can play an important role in maintaining energy security. Biodiesel is primarily considered as a potentially cheap and low-carbon energy source.
Demand for renewable energy is growing enormously, which is expected to drive the market steadily through the forecast period of 2021-2031. East Asia, Europe, and Latin America are major markets for biodiesel. Being a moderately fragmented market, manufacturers are highly focused on innovation and developing new production methods.
Key Players:
The report has profiled some of the important players prevalent in the global like – Cargill Incorporated, Inc, Wilmar International Ltd, Louis Dreyfus Company, Neste, Archer Daniels Midland Company, Royal Dutch Shell plc China Petroleum & Chemical Corporation, RB Fuels, and Renewable Energy Group, Inc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Biodiesel Market.
Key Takeaways of from Market Study
Biodiesel is a safe and non-polluting source of energy, and is recognized as an alternative energy source to diminishing reserves.
Rising concerns regarding carbon emissions and increasing oil prices are fueling demand for biodiesel.
Biodiesel is much more economical than petrol and diesel, since recycling feedstock such as vegetable oil or animal oil is much cheaper than fossil fuel.
Feedstock for biodiesel production are vegetable oils, animal fats, and used cooking oil. Among these, vegetable oil accounted for the largest revenue share in 2020, as this oil contains low amounts of saturated fats, which helps in reducing manufacturing costs and facilitates easy processing.
Consumption of biodiesel, especially in European and Latin America countries such as Germany, France, and Brazil, among others, is expected to increase at an above-average rate during the forecast period. Accordingly, in order to cater to this increasing demand, huge investments in the research & development of biodiesel, along with acquisitions, mergers, and strategic collaborations, are the key business strategies being undertaken by companies in this space.
“Demand for low-emission fuels from the transportation sector to drive biodiesel sales over the coming years,” says a Persistence Market Research analyst.
Global Biodiesel: Conclusion
The biodiesel industry is gaining substantial attention as an alternative fuel to petroleum-derived fuels due to major concerns regarding carbon emissions and global warming that have been elevated due to fossil fuels. Sales of biodiesel are estimated to rise over the coming years, owing to increasing demand for environment-friendly fuels across regions.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Biodiesel Market Manufacturers
Biodiesel Market Distributors/Traders/Wholesalers
Biodiesel Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Biodiesel Market – Report Highlights
A detailed overview of parent market of Biodiesel Market
Changing Biodiesel Market dynamics in the industry
In-depth segmentation of the Biodiesel Market
Historical, current, and projected Biodiesel Market size regarding volume and value
Recent industry trends and developments in Biodiesel Market
Competitive landscape of the Biodiesel Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Biodiesel Market performance
Must-have information for Biodiesel Market players to sustain and enhance their market footprint
Key Questions Answered in the Biodiesel Market Report
How is the Biodiesel Market expected to grow over the projected period?
What direction is the Biodiesel Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Biodiesel Market in future?
What are the key market drivers in the Biodiesel Market?
What are significant opportunities and improvement areas for Biodiesel Market manufacturers?
What are the key developments and trends taking over the Biodiesel Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Biodiesel Market?
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The Metal Powder Market to move through the innovation-oriented curve from 2021 to 2031
Metal powder is used with additive manufacturing to create complex objects such as automotive components, aircraft engine parts, and medical implants. Basically, metal powder is derived by cutting metal into powder form. Metal powder includes iron powder, aluminum powder, and titanium powder, and is used in various industries such as automotive, aerospace & defense, medical, and building & construction, besides others.
Globally, the metal powder market is projected to grow at a moderate rate, driven by steady demand from end-use industries across the globe. However, powder metallurgy is anticipated to witness relatively significant growth over the forecast period. Consumption of metal powder in additive manufacturing and metal injection molding (MIM) applications is estimated to be the highest over the coming years.
As per Persistence Market Research analysis, the market is projected to reach a market value of around US$ 20 Bn by 2031, expanding at a CAGR of more than 3% over the next ten years.
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Key Takeaways from Market Study
The market is growing steadily in India and China, owing to robust innovation and growth in the manufacturing of industrial equipment in these countries.
Growing need for lightweight metal components is presenting significant opportunities for metal powder manufacturers.
Direct Metal Deposition (Ded) with metal powder is anticipated to boost demand in future.
Rising demand for metal powder for state-of-the-art technology is being witnessed across regions.
By material, iron will hold around 80% of the overall market share.
Powder metallurgy dominates the landscape with over 90% market share.
North America and Europe, together, hold close to 60% share of the global market.
Due to the COVID-19 pandemic, the global metal powder industry declined and experienced a CAGR of -1.8% in 2020. However, as things gradually get back to normal, the market will get back to its normal growth trajectory of around 3% in 2021.
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COVID-19 Impact
Although the ongoing COVID-19 pandemic led to a slowdown in the demand for metal powder from the automotive industry, besides others, due to lockdowns and trade restrictions, demand is set to pick up with the resumption of economic activities in 2021. Market growth is expected to be around 3% in 2021 over 2020, and this trend will continue through 2031.
Market Landscape
Key manufacturers of metal powder, such as Sandvik AB, GKN PLC, ATI Powder Metals, Praxair Surface Technologies Inc., Hö ganäs AB, AMG Advanced Metallurgical Group, Rio Tinto Plc, voestalpine BÖ HLER Edelstahl GmbH & Co KG, Aubert & Duval, American Axle & Manufacturing, Inc., Carpenter Powered Products, Royal Metal Powders, Australian Metal Powders Supplies Pty Ltd., CNPC Powder Group Co., Ltd., and Showa Denko Materials, are focused on strengthening their product portfolios and expanding their market footprint through the acquisition of smaller companies in the market.
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The Super Absorbent Polymers Market to move with the technologically advanced grit between 2021 and 2031
Growing awareness regarding health and personal hygiene among people across the world is one of the leading driving factors surging demand for super absorbent polymers (SAPs), which are widely used in hygiene products, the agriculture sector, and chemical industries. Chemical industries have seen significant growth in the past few years, and this is expected to be the same over the coming years as well, thereby complementing demand growth of SAPs.
North America, Europe, and East Asia are major markets for super absorbent polymers. With a moderately consolidated market, manufacturers are highly concentrated on increasing their sales and distribution networks and manufacturing SAPs having more reliability. The global super absorbent polymer market is estimated to expand at a CAGR of around 5% over the forecast period of 2021-2031.
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Key Takeaways from Market Study
Super absorbent polymers are widely used in baby diapers, feminine hygiene products, and agriculture sector, due to their exceptional properties.
There has been an increase in the use of sanitary pads and adult diapers over the years, which is fueling demand for SAP, worldwide.
Super absorbent polymers are also used in the agriculture sector as they provide many advantages to farmers, such as improve soil quality, preserve water and resist drought stress, increase seed sprouting and seedling development, help in preventing water loss in soil by leaching and evaporation, etc.
Sodium polyacrylate, which is one of the product types of super absorbent polymers, is a functional polymer used in a variety of common products such as paper diapers, pets pad, and water retaining material, as it can absorb hundreds times its own weight in water.
Consumption of SAP, especially in North America and Asia Pacific countries such as the U.S. and China, among others, is expected to grow at an above average rate during the forecast period.
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Competitive Landscape
The market has been identified as a moderately consolidated space with the organized sector occupying a major section. Some leading players included in the report such as Nippon Shokubai Co., Ltd., BASF SE, Evonik Industries AG, Sanyo Chemicals Industries, Ltd., Yixing Danson Technology, LG Chemicals Ltd, Sumitomo Seika Chemicals Co. Ltd., and Kao Corporation are anticipated to create a tough competitive environment at the global level.
Conclusion
The global SAP market is anticipated to increase significantly owing to the growth of chemical industries. Increasing use of super absorbent polymers in applications such as medical, healthcare & personal hygiene, agriculture, etc., is being witnessed. Sales of SAPs are also estimated to rise over the forecast period owing to increasing demand from the healthcare sector.
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Research Report Explores The Footwear Sole Material Market Will Grow At 4.3 % CAGR By 2016–2024
Persistence Market Research digs deep into the global footwear sole material market and fetches some key information through structured market research. The report, “Footwear Sole Material Market: Global Industry Analysis and Forecast, 2016–2024” gauges the market and predicts the future demographic and climactic changes of the market. The report reveals that the out sole segment will dominate more than 45% market share and will surge at a CAGR of 3.9% by the end of the forecast period (2016 – 2024). The present estimated value of the global footwear sole material market is more than US$ 17,000 Mn and the market will grow at a CAGR of 4.1% to touch US$ 23,574.3 Mn by the end of 2024.
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Global Footwear Sole Material Market: Dynamics
The global population has reached around 7.5 billion and is expected to steadily rise over the forecast period. Rising population has created a great demand for consumer goods and the footwear industry is expected to benefit from it. The need for comfortable, trendy and branded footwear among all age groups will propel the global footwear sole material market. Growth of the footwear manufacturing industry, especially in emerging economies such as India and China, is expected to be the key factor driving the demand for footwear sole material. Industrialization and rapid urbanization in developing countries are the external factors that will lead to a rise in disposable income, which in turn, is likely to result in high demand for footwear over the forecast period.
The increase in average salary in developing countries has resulted in significant rise of middle class population. This is another factor which is expected to fuel the footwear industry. Participation of women in sports has increased during the last decade. Competitive sports is becoming popular and more people are willing to become professionals. As a result of such activities, demand in the global footwear market is expected to increase significantly over the forecast period. These factors will boost the growth of the global footwear sole material market.
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Global Footwear Sole Material Market: Forecast
Several positive changes are expected to fuel value and volume growth of the global footwear sole material market. Among material types, the leather segment will play a pivotal role in building market revenue. The leather segment is expected to occupy a major share of the global footwear sole material market. The report hints that the leather segment will account for a value share of over 55% in the global footwear sole material market and register a CAGR of 3.8% during the forecast period. By product type, the athletic footwear segment will garner significant revenue share within the forecast period. As per the report, this segment is estimated to account for more than 50% of the market value share by the end of the forecast period.
Amongst the major markets Asia Pacific will show promising results within the forecast period, registering a CAGR of 4.3%. Sales revenue in the European region will increase at a CAGR of 3.9%. The markets in the Latin American region will remain fertile and vibrant during the forecast period.
Company Profiles
Nike Inc.
Adidas AG
Bata Limited
Puma SE
Columbia Sportswear Company
The Dow Chemical Company
Hunstman Corporation
BASF SE
Others.
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Emea Dearomatic Solvents Market To Represent A Significant Expansion At 5.0 % CAGR By 2016 – 2024
Persistence Market Research delivers key insights on the EMEA de-aromatic solvents market in its latest report titled, “EMEA Market Study on De-aromatic Solvents: High Flash Point Grade Segment to Witness Relatively Faster Growth Between 2016 and 2024 .” The EMEA de-aromatic solvents market is projected to register a CAGR of 5.0% over the forecast period (2016 – 2024) and North Africa and Spain are expected to witness the highest growth in the consumption of de-aromatic solvents.
The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.
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EMEA de-aromatic solvents market dynamics
In the case of paints and coatings application, lower VOC content, less odor, and comparatively faster drying times are desirable properties and as a result de-aromatized solvents, especially low flash point grade offerings, are widely used in this application which is creating robust development in the EMEA de-aromatic solvents market. Stringent policies and regulations coupled with the effectiveness of de-aromatized solvents across a diverse range of applications have prompted end users to switch to de-aromatized solvents products that are equally effective but contain relatively low levels of VOCs. As a result, demand for de-aromatized solvents is increasing which is creating the positive impact on the market. Increasing demand from a metal working application is also driving the growth of the market of EMEA de-aromatic solvents. The stringent policies and regulations by the government coupled with the effectiveness of de-aromatized solvents across a diverse range of applications have prompted end users to switch to de-aromatized solvents. In the recent past, the leading participants in the de-aromatic solvents market have channelized efforts toward development and commercial production of solvents using natural gas-based feedstock. This is responsible for boosting the market for de-aromatic solvents.
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EMEA de-aromatic solvents market forecast
Consumption of de-aromatic solvents is anticipated to reach 536,234 Tons by the end of 2024, expanding at a CAGR of 3.9% over the forecast period. Sales of de-aromatic solvents are expected to be valued at US$ 377.2 Mn by 2016 and are anticipated to expand at a CAGR of 5.0%, to be valued at US$ 556.0 Mn by the end of 2024. Germany is expected to account for significant share of the overall incremental opportunity in the EMEA de-aromatic solvents market between 2016 and 2024. Growth in demand for non-toxic alternatives and regulatory compliances are expected to drive demand for de-aromatic solvents in the region over the forecast period. High flash point segment is projected to gain 138 BPS in terms of market value share by 2024 end as compared to that in 2016. Demand for high flash point de-aromatic solvents which are non-corrosive and environmentally safer solvents have witnessed a steady growth, especially in the metalworking application. This increasing demand is thus expected to fuel the growth of high flash point segment during the forecast period.
Resins and paints segment is expected to account for a market value share of 42.9% by 2024 end. The segment, however, is expected to witness a loss of nearly 160 basis points by end of 2024, owing to the anticipated increase in demand for alternatives such as water based paints and powder coatings over the forecast period. Another major application area of de-aromatic solvents is cleaning and degreasing products. This segment is expected to witness a gain of nearly 10 basis points between 2016 and 2024.
De-aromatic solvents consumption in Germany has been estimated to be valued at US$ 82.7 Mn in 2016. It is projected to account for US$ 119.1 Mn by the end of 2024. Rest of EMEA region accounted for the largest market value share of 40.4% in 2016. Revenue from this segment is expected to increase at CAGRs of 5.6% during the forecast period.
EMEA de-aromatic solvents market competitive landscape
Some of the key players identified in the EMEA de-aromatic solvents market include Royal Dutch Shell plc., Idemitsu Kosan Co., Ltd., Total S.A., Neste, Exxon Mobil Corporation, and DHC Solvent Chemie GmbH.
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The next 10 years to see an innovation-based escalation of the Hot Melt Adhesives Market from 2021 to 2031
As stated by Persistence Market Research (PMR) through its various ‘Chemicals’ domain reports, it is expected – that many rebounding economies in the post Covid-19 era across the globe are bound to grow threefold in the next decade.
The global hot melt adhesives market is anticipated to expand at a CAGR of 6.2% over the forecast period of 2021 and 2031. Significant growth of the packaging industry is boosting demand of hot melt adhesives.
With usage in various applications across industries, demand for hot melt adhesives is anticipated to witness substantial growth over the coming years. Growing industries of furniture and wood work, automotive, footwear, electronics, and many others are significantly impacting the market in a positive outlook. Substantial vehicle production all over the globe is bolstering consumption of hot melt adhesives. Strong development in the electronics industry is also benefiting the industry of hot melt adhesives to a significant extent.
Development in product to decrease hazard generation and comply with stringent regulations enforced by various authorities are some of the key concerns of manufacturers of hot melt adhesives. Key players are focusing on introducing eco-friendly products to cater changing standards and stringent regulations.
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Recent Developments in This Space
Aug 2021: An agreement was signed by Arkema for the acquisition of Ashland’s performance adhesives business, a first-class leader in high-performance adhesives for industrial applications in the United States with a unique and innovative product portfolio.
June 2021: H.B. Fuller announced that it had signed a distribution agreement with Jubilant Agri and Consumer Products Limited (JACPL), a 100% subsidiary of Jubilant Industries Limited, to address growing demand for adhesive applications in the B2B woodworking segment.
Feb 2021: Avery announced an agreement to acquire JDC Solutions, Inc., a Tennessee-based manufacturer of pressure-sensitive specialty tapes, for a purchase price of approximately US$ 24 million, subject to customary adjustments.
April 2019: Beardow & Adams announced that Industrias Plásticas Caute SRL (Inplástica) from Peru and Percat from Uruguay have become Beardow Adams’s latest global partners.
July 2017: H.B. Fuller Company signed an agreement to purchase adhesives company Adecol Ind. Química, Limitada, a highly respected manufacturer of quality adhesive technologies in Brazil.
Key Takeaways from Market Study
The global industry of hot melt adhesives is anticipated to reach a value of US$ 14.84 Bn by the end of 2031.
East Asia is estimated to witness significant growth at 7.1% CAGR over the forecast period.
Packaging solutions are anticipated to remain a key end use and account for a major share in global consumption of hot melt adhesives.
By resin, ethylene vinyl acetate is anticipated to witness year-over-year growth of 5.9% in 2021, and the segment is expected to remain a key resin used in the production of hot melt adhesives.
The U.S. is anticipated to remain a key market for hot melt adhesives owing to the strong presence of end-use industries.
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“The COVID-19 pandemic is expected to significantly impact the global market for hot melt adhesives owing to decrease in demand primarily from the automotive & woodworking sectors,” says a Persistence Market Research analyst.
Competitive Landscape
The global market has been identified as a fairly consolidated space owing to significant presence of key market participants.
Some of the key market players included in the study are 3M, Arkema S.A., Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW, HB Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Sika AG, Tex Year Industries Inc., Adtek Malaysia SDN BHD, Buhnen GmbH & Co. Kg, Cherng Tay Technology Co., Ltd., Evonik Industries AG, and others.
Key manufacturers are anticipated to maintain a competitive environment in the global market. Key players are focusing on investing a fair share of their revenue in product development to launch bio-based products to sustain in the long run in this competitive environment.
Conclusion
Growing end-use industries such as packaging solutions, furniture & woodwork, automotive, footwear, textiles, and electronics are boosting the sales volume of hot melt adhesives. This is due to ease of application of these adhesives in several end-use industries.
Polyurethane, ethylene vinyl acetate, and styrene block copolymers are also estimated to remain key resins in the global industry. East Asia is projected to remain one of the fastest-growing markets, whereas, North America is projected to account for a key share in the industry of hot melt adhesives.
3M, Arkema S.A., Avery Dennison, Henkel AG, Evonik Industries, Jowat SE, and DOW are also estimated to remain prominent market participants. Key players are focusing on boosting their market presence through mergers and acquisitions, launching of environment-friendly products, and strengthening their distribution network.
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Persistence Market Research, a research and consulting firm, has published a new market research report on the Global hot melt adhesives market that contains industry analysis of 2016–2020 and opportunity assessment for 2021–2031.
The report provides in-depth analysis of the market through different segments, namely, resin, end use, and region. The report also provides supply and demand trends along with an overview of the parent market.
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The next 10 years to look through the squeaky innovation in the In-Mold Coatings Market from 2021 to 2031
As per a new study by Persistence Market Research, the global in-mold coatings market is expected to rise at a healthy CAGR of 5.3% and top a valuation of US$ 355 Mn by 2031.
In-mold coatings are widely used for automotive production across the globe. Growing automotive industry is thereby expected to elevate demand for in-mold coatings over the coming years. Moreover, shifting consumer demand toward environment-friendly products is also augmenting market growth. As such, key manufacturers are indulging in developing low-VOC-content coatings to bring their product portfolios in line with consumer demand trends.
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Furthermore, consistent growth of the construction industry coupled with rising modernization in building and infrastructure development requires complex geometric shapes, which is creating high demand for in-mold coatings in the construction sector.
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Key Takeaways from Market Study
Germany is one of the largest markets for in-mold coatings owing to strong presence of the automotive end-use sector in the country.
Water based in-mold coatings are expected to increase their market share due to shifting consumer base toward eco-friendly products.
The automotive industry is the largest consumer of in-mold coatings. Consistent growth of the automotive industry is expected to elevate demand over the decade.
High production cost associated with composite coatings and fluctuation in oil prices are factors expected to hinder market growth to some extent.
“Demand for in-mold coatings is estimated to be driven significantly by the automotive industry,” says a Persistence Market Research analyst.
Competitive Landscape
According to the Market Research analysis, Omnova Solutions Inc., Akzo Nobel N.V., Fujichem Sonneborn Limited, Adapta Color S.L., Emil Frei GmbH & Co. Kg, Kech Chimie, The Sherwin-Williams Company, Stahl Holdings B.V., Berlac Group, Rasching GmbH, Protech Powder Coatings Inc., Chromaflo Technologies, and Plasti Dip International are identified as key manufacturers of in-mold coatings.
Conclusion
Consistent growth in end-use industries such as automotive, building and construction, and transportation is elevating demand for in-mold coatings. However, coatings are mostly manufactured using solvents. Solvents are mostly derived from refinery operations and petrochemical feedstock.
The coating industry is a major consumer of petrochemical and non-petrochemical feedstock. With fluctuations in crude oil and gas prices, raw material cost also increases, and this will lead to reduction in the profit margins of in-mold coatings manufacturers.
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Persistence Market Research, a research and consulting firm, has published a market research report on the global in-mold coatings market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031.
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The report provides an in-depth analysis on the market through different segments, namely, product type, application, resin technology, formulation, coating layer, substrate, physical form, and region. The report also provides supply and demand trends, along with an overview of the parent market.
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The next 10 years to see the CIS Paints and Coatings Market riding on new-fangled chemical compositions at a CAGR of 4.1%
The CIS paints and coatings market is projected to expand at 4.1% CAGR over the decade. Rising end-use sectors, growing urbanization, and rising individual standard of living are expected to drive market growth.
Growing utilization paints and coatings in end-use industries, particularly in the industrial segment, which includes automotive, general industrial, and others, will continue to dominate the market over the coming years. Increased vehicle demand, environmental concerns, ageing vehicles, and customer preference for improved vehicle appearance & durability, as well as growth in development infrastructure facilities are driving demand growth of paints and coatings.
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Demand for paints and coatings is also expected to be influenced by a variety of factors, such as green residue disposal, environmental protection, and so on. Various R&D activities are being carried out in order to introduce low-VOC emission paints in order to save the environment from detrimental metal-based paints and coatings.
The COVID-19 crisis had a significant impact on the performance of CIS economies, prompting them to call for societal lockdowns and the temporary closure of key industries such as manufacturing and services. This had a significant impact on the consumer basket, and spending on commodities was drastically reduced. With that, the ongoing invasion of Russia on Ukraine has heavily impacted the overall market in the CIS region due to disruptions in the supply chain.
Key Takeaways from Market Study
Demand for paints and coatings in the CIS market is forecasted to reach a value of US$ 12.39 Bn by the end of 2032.
Russia is anticipated to remain one of the key markets in CIS accounting for around 58.5% share in 2022.
By technology, the architectural segment is anticipated to witness a CAGR of 4.4% over the decade.
By base type, the industrial segment is expected to experience a significant growth rate over the coming years.
By application, the wood segment is anticipated to remain key, and the sector is set to account for 9.4% market share in industrial paints and coatings in 2022.
“Key players in the CIS paints and coatings market are expanding their production capacities in collaboration with respective governments. The goal of expanding production capacity is to reduce reliance on imports and meet regional demand,” says a Persistence Market Research analyst.
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Competitive Landscape
The CIS paints and coatings market is a fairly consolidated space with a few players highly active in the market. Some of the key market players included in the report are Henkel Group, Akzo Nobel NV, Kansai Paint Co., Ltd, Jotun Group, Hempel A/S, DAW SE, Fosroc, Russian Coatings, Belzona International Ltd, and Steuler-KCH GmbH.
Key market participants are strategically focusing acquisitions and collaborations to increase their market presence and attain higher market shares. Small and medium manufacturers are focusing on providing cost-effective and value-for-money products to improve their market penetration.
Conclusion
In CIS countries, the construction and automotive industries are important markets for paints and coatings. Increased government focus on expanding investments and rapid industrialization are primary development factors for the CIS paints and coatings sector.
The industrial sector is one of the fastest-growing segments in the paints and coatings market, accounting for more than half of the market. However, due to the pandemic situation, demand from this industry was low in 2020. However, demand began to recover in the first quarter of 2021 and is expected to gain traction in line with its historical growth.
Key manufacturers of paint and coating are concentrating their efforts on research & development in order to produce higher-quality products with long-lasting durability and high efficiency. End users are also expected to prefer water-based paints and coatings over solvent-based paints and coatings due to growing concerns about the emission of volatile organic compounds (VOCs).
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Persistence Market Research, a research and consulting firm, has published a new market research report on the CIS paints and coatings market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, technology, base, application, and country. The report also provides supply and demand trends along with an overview of the parent market.
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The Automotive Die Casting Lubricants Market to revolve around the gambit of innovation between 2021 and 2031
The global automotive die casting lubricants market is expected to expand at a steady CAGR of over 4%during the forecast period of 2021-2031. Growth in production of automobiles across Asia Pacific, Europe, and North America is projected to drive demand for automotive die casting lubricants. Countries in Asia Pacific such as China, India, and ASEAN, among others, are expected to focus on supporting domestic lubricant manufacturing to serve local markets. Due to increasing environmental regulations on vehicle emissions by various regulatory bodies such as the Environment Protection Agency (EPA), demand for more fuel-efficient vehicles is increasing at a substantial rate.
This is anticipated to elevate demand for lightweight automotive components that are produced using metals such as aluminium, magnesium, and other nonferrous metals using die casting. However,comparatively high cost of lightweight materials that provide the same strength as conventional metals used in the manufacturing of automotive components is compelling manufacturers to reduce profit margins to provide competitive pricing and gain a competitive edge in the market.
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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.
Digital sales and remote sales channels are already there to join the bandwagon. The “go green” initiative is bound to go a long way, as things like global warming would never be taken casually again. Persistence Market Research has its team of knowledge and research experts in the form of consultants and analysts to cater to the needs of the key stakeholders.
Key Takeaways from Market Study
Sales of automotive die casting lubricants is anticipated to grow due to increasing demand from the automotive industry.
China is one of the largest markets for automotive die casting lubricants owing to the vast urbanized population driving vehicle sales and the strong presence of automobile manufacturers.
Water-based lubricants are the most widely used due to their high vaporization capacity.
Aluminium is the most preferred die casting material as this metal provides an impressive strength-to-weight ratio.
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Competitive Landscape
According to the market research analysis, Henkel AG & Co. KGaA, Chem-Trend LP, Quaker Houghton Inc., Moresco Corp., The Hill, and Griffith Company, Geiger + Co. Schmierstoff-Chemie GmbH, Ultraseal India Pvt. Ltd, CHEMTOOL INCORPORATED, Condat SA, Hardcastle Petrofer Pvt. Ltd, Sunocs LLC, J&S Chemical Corporation, Lubgraf Synoils Pvt. Ltd., Aoki Science Institute Co., Ltd, Falcon Industrial Inc, Lafrance Manufacturing, Marbo Italia spa, Sunrise Chemtech Pvt. Ltd, and Acme Refining LLC., are key manufacturers of automotive die casting lubricants. Key players are involved in research & development activities to provide tailored products to consumers according to their needs, so as to gain a competitive edge in the market.
Conclusion
Owing to various factors such as growth in automobile sales and rising demand for lightweight vehicles, the global market for automotive die casting lubricants is expected to witness substantial growth. However, high cost of materials associated with lightweight metals used in the production of automotive components, such as aluminum, magnesium, zinc, and various others is hindering market growth to some extent.
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The next decade to witness stipulated growth of the Tantalum Carbide Coating For Graphite Market at a CAGR of 5% from 2021 to 2031
As per industry analysis by Persistence Market Research, the global tantalum carbide coating for graphite market is estimated to expand at a healthy CAGR of around 5% over the forecast period of 2021-2031. Growing demand for tantalum across various industrial sectors such as semiconductor & electronics, aerospace & aviation is one of the leading driving factors for the growth of the market. Tantalum consumption is dominated by capacitors for electronic equipment.
Capacitors are electrical components that store energy electrostatically in an electric field, and are used in a wide variety of electric and electronic products. Capacitors are an essential part of almost all electronic products, ranging from smartphones to appliances in homes, electronic systems in cars, and wind turbines producing electricity. As such, demand for tantalum carbide coatings for graphite is rising steadily.
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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.
Digital sales and remote sales channels are already there to join the bandwagon. The “go green” initiative is bound to go a long way, as things like global warming would never be taken casually again. Persistence Market Research has its team of knowledge and research experts in the form of consultants and analysts to cater to the needs of the key stakeholders.
Key Takeaways from Market Study
• Increasing demand for tantalum coatings from the semiconductors & electronics sector is expected to propel market growth over the assessment period.
• Tantalum carbide coatings are widely used due to their properties and advantages such as excellent resistance to wear and abrasion, corrosion, oxidation and erosion, thermal shock resistant, superior flatness capability, electrically conductive, etc.
• There has been increasing use of chemical vapor deposition (CVD) in industries for coatings applications.
• Tantalum coatings are made from refractory ceramic material that is exceedingly hard and has metallic electrical conductivity. Tantalum carbides have one of the highest melting points among binary compounds, peaking at around 3,880°C depending on purity.
• Demand for tantalum coatings from various industries has seen rapid growth. Also, the need for tantalum carbide coatings has been rising steadily over the past few years for related applications, especially in nations such as Taiwan, South Korea, and China.
• The market in Japan, South Korea, and Taiwan is projected to expand at CAGRs of 3.9%, 4.9%, and 5.1%, respectively.
• Due to the COVID-19 pandemic, industrial activities were hit. In 2020, the market witnessed decreased growth. However, with activities gradually increasing across sectors, growth in 2021 has slightly increased.
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Competitive Landscape
The global tantalum carbide coating for graphite market has been identified as a significantly fragmented market, with the organized sector occupying a major section of the overall industry. Some of the leading players included in the report are Bay Carbon Inc., Toyo Tanso Co., Ltd., Nanoshel LLC, Momentive Performance Materials, Materion Advanced Chemicals, Hunan WISE New Material Technology Co., Ltd., American Elements, CGT Carbon GmbH, and Pacific Particulate Materials (PPM) Ltd., who are anticipated to create a tough competitive environment at the global level.
Conclusion
Demand for tantalum carbide coatings for graphite is anticipated to increase substantially owing to growing demand from the semiconductors & electronics industry, owing to increasing demand for consumer electronics across the world. Demand is growing due to the excellent properties of tantalum coatings. These tantalum-based coating films have high thermal stability, high conductivity, as well as excellent corrosion that is highly resistant to foreign atoms, thereby driving demand.
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The Isobutane Market to indulge in constructive innovation from 2019 – 2029
Isobutane Market
Isobutane is a paraffinic branched chain compound which occur in natural gas and in crude oil. In refinery, isobutane is used as a feedstock to alkylation units to produce alkylate, which is a valuable high-octane constituent of gasoline and also controls volatility of motor gasoline. However, due to gasoline vapor pressure specifications and its seasonal consumption, production of isobutane for gasoline is also seasonal.
Isobutane undergo dehydrogenation to form crude isobutylene which forms MTBE (Methyl Tert-Butyl Ether), high purity isobutylene (HPIB) and other petrochemical products which are further used into wide range of applications such as lubricants, fuels, rubbers and additives.
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Further, Isobutane is used as aerosol propellant which finds its applications in cosmetics and household cleaners. Isobutane is act as substitute for household and industrial refrigerants that have high impact on environment. It has negligible ozone depletion potential (ODP) and global warming potential (GWP).
Pure grade isobutane has significant demand in global market and is expected to show comparatively high growth rates on account of its increasing demand in refrigeration and alkylation process.
Petrochemicals, which is one of the prominent application of isobutane is experiencing increased growth rates and the growth is attributed to increasing demand from its end-use applications like lubricants, fuels, rubbers and additives.
Additionally, isobutane is being increasingly preferred by manufactures of synthetic rubbers – butyl rubber and isobutylene–isoprene rubber (IIR). The tyre manufacturers are demanding for butyl rubber due to its lower permeability to gas and liquids. Halogenation butyl rubber significantly increases cure reactivity, enhances adhesion and improves compatibility with unsaturated polymers.
Thus, the versatile properties of isobutane have led to a significant increase in demand for isobutane for a diverse range of tyre and non-tyre applications, such as tyre inner liners, hoses, seals, stoppers and rubber products, in the pharmaceutical industry and others
Moreover, research & development activities are being carried out to widespread the scope of isobutane applications. Isobutane is highly inflammable in nature and also has safety related issues which may hamper its market growth.
Isobutylene, immediate product obtained by dehydrogenation of isobutane has wide range of applications (mainly MTBE) and can be produced by alternate butene isomerization route. Increasing use of butene isomerization route may obstruct the demand growth for isobutane. Upcoming predicted recession may also impede the growth of isobutane market.
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The global Isobutane market is anticipated to witness the significant single digit growth rate in the coming decade, which can be attributed to the expansion of the end-use industries and collaboration activities among market competitors. North America and Europe are major producer of Isobutane in the global market owing to the presence of major manufacturers and availability of raw materials across these regions.
Furthermore, the market for Asia Pacific region is estimated to expand at a significant growth rate over the forecast period. The demand is especially generated from the economies – China, India, and ASEAN economies due to rising industrial infrastructure. Moreover, Middle East & Africa is estimated to grow with a moderate growth rate during the forecast period.
Global Isobutane Market: Industry Participants
The global market for Isobutane is estimated to be fairly fragmented due to the presence of major as well as international manufactures of Isobutene. Few of them identified across the value chain of the global Isobutane market which is –
Mil-Spec Industries
CryoCarb – Beloit
SOS Gases, Inc.
Valero
Praxair Distribution, Inc.
Linde LLC
Amcor, Inc.
PBF Energy Inc.
Conoco Phillips
SINOPEC ZHONGYUAN PETROLEUM CO
Chevron Phillips Chemical
SABIC
Jinling Petrochemical
The research report on the Isobutane Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Isobutane market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, product type, application, grades.
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The Ammonium Bicarbonate Market to revolve around the gambit of innovation between 2019 – 2029
Ammonium Bicarbonate Market: Introduction
Ammonium Bicarbonate is a type of inorganic chemical compound with formula HCO3. Ammonium bicarbonate is a colorless crystalline bicarbonate salt of the ammonium ion. Ammonium bicarbonate degrades readily in the presence of water, ammonia, and carbon dioxide.
It is used as a source of the carbon dioxide in some low-moisture baked goods. Ammonium bicarbonate is synthesized by combining ammonia and carbon dioxide. It is thermally unstable, for such property the reaction solution of the ammonium bicarbonate is kept cold.
Ammonium bicarbonate is used as a raising agent in the food industry for baked goods such as crackers and cookies. Ammonium bicarbonate is also known as baking powder in the food industry. However, ammonium bicarbonate cannot be used for moist and bulky baked goods.
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Furthermore, ammonium bicarbonate can be used as a nitrogen fertilizer in the agriculture industry to improve the crop yield and production in the limited cultivable areas. Besides, ammonium bicarbonate can be used as a constituent in the formulation of fire-extinguisher compounds, pharmaceutical among others
Ammonium Bicarbonate Market: Dynamics
Market Drivers:
Intensifying growth of food industry coupled with the growing population
Ammonium bicarbonate is extensively used in the food industry for the production of baked goods such as cookies, and biscuits among others. Globally, the food industry has registered significant growth in the past few years. Growing population and urban development are increasing the demand for food, which is expected to boost the demand for ammonium bicarbonate in the coming years. Being a very active baking agent, ammonium bicarbonate does not leave any flavor-affecting deposits. It always meets highest quality standards. Such factor is also projected to lay a strong base for strong growth for the global ammonium bicarbonate market in the upcoming year.
Penetration across various end-use industries
Ammonium bicarbonate is used in the production of pharmaceutical, pigments, dyes, and ceramics among others. It is widely used in the rubber and leather industry in the production of chrome leather tanning, synthesis of catalyst, and manufacturer of ceramics. Sustainable growth of all such kind of industries is expected to fuel the demand for ammonium bicarbonate across the globe during the forecast period.
Strict regulation and standards about the use of chemicals in the food industry
Several health-related ills such as breathing ammonium bicarbonate can irritate the throat, lungs, and nose causing coughing, wheezing and shortness of breath. Along with this, the presence of alternatives is some of the factors that are anticipated to hampering the ammonium bicarbonate market growth in the coming years.
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Nowadays, growing demand for healthy food is predominantly driving the global food industry. Demand for packaged and ready to eat food products across the developed as well emerging regions also play a vital role in the growth of the food industry across the globe. Urbanization growth is also one of the leading driving factors for the food industry.
From the regional perspective, ammonium bicarbonate in the Asia Pacific is estimated to account for prominent share and expected to register significant growth during the forecast period. Increasing food demand coupled with increasing population is one of the critical driving factors for the ammonium bicarbonate market in the Asia Pacific region in the coming years.
Sustainable or eco-friendly nature of the Ammonium bicarbonate can be attributing towards ammonium bicarbonate market growth in Europe. North America is projected to witness significant growth in the global ammonium bicarbonate market during the forecast period, owing to intensifying demand for packaged food and well-established pharmaceutical industry across the region.
Moreover, food and rubber & leather Industries in the Middle East and Africa and Latin America have registered significant growth in the recent past. Such factors are expected to increase the demand for ammonium bicarbonate in these regions in the near future.
Ammonium Bicarbonate Market: Market participants
Some of the key market participants involved in the Ammonium Bicarbonate market are as follows:
BASF SE
ADDCON NORDIC A/S
Sumitomo Chemical Co. Ltd.
Shandong Hualu-Hengsheng Chemical Co., Ltd
Mangalore Chemicals & Fertilizers Limited
Xinji JiuYuan Chemical Industry Co., Ltd.
Shandong Shuntian Chemical Group
Anhui Haoyuan Chemical Group Co., Ltd.
Shandong Weijiao Holdings Group Co., Ltd.
Clariant Ag
DCW Ltd.
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