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Persulfates Market Size | Insights On Upcoming Trends 2030
agosto 10, 2022 7:36 - no comments yetMarket Research Future Published a Half Cooked Research Report on Global Persulfates Market Research Report.
The global persulfates market is segmented by class, type, application, and region.
On the basis of the type, the global persulfates market is segmented into ammonium, sodium, potassium, and others. The ammonium persulfate segment is projected to lead the global persulfates market, in terms of volume, by type category during the forecast period owing to its wide application on account of its low cost and high solubility with water over other two types.
On the basis of the application, the global persulfates market is segmented into polymers, electronics, cosmetics & personal care, chemical, pharmaceutical, adhesives & sealants, oil & gas, mining, photography, paper & pulp, textiles, water treatment, soil remediation, and others. The electronics segment was leading the global persulfates market in 2020 owing to the growing persulfates use as cleaning agents and etchants in the printed circuit board manufacturing and is projected to grow significantly during the forecast period.
Competitive Analysis
- Mitsubishi Gas Chemical Company
- Ak-Kim Kimya (Turkey)
- Adeka Corporation (Japan)
- Fujian Zhanhua Chemicals (China)
- Evonik Industries AG
- United Initiators
- Peroxy Chem
Regional Analysis
The global Persulfates Market Size is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific held the largest market share of the global persulfates market in terms of market size, as of 2017 and is expected to show significant growth during the forecast period. Europe is likely to follow Asia Pacific in terms of market size and is expected to remain the second largest market during the review period. North America is another major market for persulfates, as of 2020 and is expected to show steady demand during the forecast period.
The Middle East and Africa has witnessed growth in the demand for persulfates and is expected to continue growing during the forecast period.
Latin America held the least market share of the global persulfates market in 2020 and is likely to show moderate growth during the assessment period.
Construction Lubricants Market Size | 2022 Top Manufacturers, Growth Factor, and Forecast to 2030
agosto 10, 2022 7:23 - no comments yetRising construction and mining activities worldwide is generating substantial market opportunities of construction lubricant. Market Research Future (MRFR) reports that the global construction lubricants market is set to demonstrate a compound annual growth rate (CAGR) of 4% during the forecast period (2022-2030). In 2022, the market stood at a valuation of USD 13 Mn.
Given the rapid expansion of the equipment fleets, demand for global lubricants will continue to rise for the medium if not beyond. A variety of lubricant is available, of which categories such as engine oil, hydraulic oil and gear oil witness strong demand. The growth of the global construction sector is also proving the tailwinds to the global construction lubricants market.
The arrival of synthetic lubricant is also expected to provide an impetus to the market in the forthcoming years. Inclination towards synthetic oils is being prompted by elements such as reduced cost, environmental viability and superior performance.
Global Construction Lubricants Market: Regional Segmentation
Regions that are discussed in MRFR’s report include Europe, Asia-Pacific (APAC), North America, Latin America (LatAm) and the Middle East & Africa (MEA). APAC represents the brightest market for construction lubricants. In 2017, the region accounted for the highest share of the market and the trend is likely to continue throughout the forecast period. Increased investment in urban infrastructural development in various APAC countries such as China, India and ASEAN members. The accelerated demand for construction equipment has created unique market opportunities for construction lubricant in the region.
North America due to the presence of advanced countries such the U.S. and Canada is viewed as a key market for construction lubricants. The vast end-use sector in the region will remain an intriguing prospect for market players. Industrial activities such as mining, and construction are at rife in North America, as a result, demand for construction lubricant remains high.
Market growth is expected to remain substantial in the Middle East & Africa (MEA) owing rapidly growing construction activities in CGG countries. Billions of dollars are being pumped in for urban infrastructure development in the report. There is a proposed plan of investment of USD 2,700 billion across the GCC nations by 2023. Such factors are expected to translate into attractive market opportunities in the forthcoming years.
Segmental Overview
MRFR’s report includes a thorough segmental analysis of the global construction lubricants market Size base on type, oil, application and region.
On the basis of type, the market has been segmented into automatic transmission fluid, grease, hydraulic oil, compressor oil, gear oil, engine oil and others. On the basis of oil, the market has been segmented into bio-based oil, synthetic oil and mineral oil. On the basis of application, the market has been segmented into heavy construction vehicles, material handling equipment, earthmoving equipment and others.
Competitive Landscape
- PetroChina Company Ltd (China)
- Sinopec Corporation (China)
- Fuchs Petrolub SE (Germany)
- Phillips 66 Company (US)
- Lucas Oil Products
- Amsoil Inc (US)
- Valvoline Inc (US)
- Clariant (Switzerland)
- Quaker Chemical Corporation (US)
- Chevron Corporation (US)
- BP PLC (UK)
- Exxon Mobil Corporation (US)
- Royal Dutch Shell PLC (Netherlands)
- Total (France)
- Lukoil (Russia)
- Petronas (Malaysia)
- Yushiro Chemical Industry (Japan)
- Morris Lubricants (UK)
- Rock Valley Oil and Chemical Co (US)
- Indian Oil Corporation Limited (India)
- Gulf Oil India (India)
Industry News Update
- The lubricant division of UAE based energy company Enoc Group has reportedly signed a three-year supply agreement with Al-Futtaim Auto & Machinery Company (Famco) with MoU to make Eppco lubricants the exclusive supplier of coolants, lubricants and greases to the company for its UAE operations.
- Japanese based oil refining company Idemitsu Kosan Co is reportedly planning to expand it lubricant manufacturing capacity in China by building a second plant. This move will allow the company to meet the rising demand for industrial and automotive oils.
Tetrahydrofuran Market Size By Major Eminent Players, Latest Innovations And Forecast 2021 To 2030
agosto 10, 2022 7:06 - no comments yetMarket Research Future (MRFR) announces a new release on the global tetrahydrofuran market. The global tetrahydrofuran market is profiled in detail in the report, which presents comprehensive coverage of the major drivers and restraints affecting the global market as well as the leading players and key segments within the market.
Tetrahydrofuran is produced by dehydrating BDO through various production mechanisms and is used in the production of polytetramethylene ether glycol, solvents, and others. The production of polytetramethylene ether glycol is the dominant application of the global tetrahydrofuran market and is likely to remain in the position over the forecast period due to the growing demand for polytetramethylene ether glycol in the production of fake leather, Spandex, and other artificial materials. The growing demand for artificial leather in footwear, clothing, upholstery, and other fabrics is likely to be a major driver for the global tetrahydrofuran market over the forecast period, as the growing disposable income of consumers and the increasing ease of producing artificial leather has resulted in a growing demand for artificial leather. The growing support for the animal rights movement, which opposes the production of genuine leather due to the concerns regarding animal cruelty, is also likely to be a major driver for the global tetrahydrofuran market over the forecast period.
Tetrahydrofuran is also used to produce solvents used in printing inks, paints, and coatings, which is also likely to be a major driver for the global tetrahydrofuran market over the forecast period. The growing packaging industry, which has been driven by the steady growth prospects of ecommerce in emerging regions, has driven the demand for printing inks, whereas the paints and coatings industry has been driven by the increasing industrial production in countries such as China and India, which has driven the demand for coatings at a solid growth rate over the last few years. The growing automotive and construction industries in Asia Pacific are also likely to lead to growth of the tetrahydrofuran market over the forecast period, as the demand for paints and coatings is likely to be high from these industries over the forecast period.
Segmentation:
The global Tetrahydrofuran market Size is segmented on the basis of manufacturing process, application, and region.
On the basis of manufacturing process, the global tetrahydrofuran market is segmented into Reppe, butadiene, furfural, Davy, and others.
By application, the global tetrahydrofuran market is segmented into polytetramethylene ether glycol, solvents, and others. The production of polytetramethylene ether glycol took up about 60% of the global tetrahydrofuran market in 2017 and is likely to remain the leading application segment of the tetrahydrofuran market over the forecast period. Solvents also accounted for a significant share in the market and are likely to retain an important role in the global tetrahydrofuran market over the forecast period.
Regional Analysis:
The global Tetrahydrofuran Market Price is segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.
North America is likely to dominate the global tetrahydrofuran market over the forecast period due to the growing textile industry and the growing demand for artificial leather. The growing presence of the animal rights movement in North America is also conducive to rapid growth of the tetrahydrofuran market in the region, as the demand for artificial leather is likely to be impacted significantly by the political power and popular impact of the animal rights lobby. Growing demand from the pharmaceutical industry is also likely to be a major driver for the tetrahydrofuran market in North America over the forecast period, as the growing geriatric population in the region and the growing healthcare expenditure have driven the demand for solvents in the pharmaceuticals industry.
Asia Pacific is likely to exhibit rapid growth in the global tetrahydrofuran market over the forecast period due to the strong growth prospects of the textiles industry in populous countries such as India and China. Growing demand for leather goods, which represent Western prosperity, is likely to drive the tetrahydrofuran market in Asia Pacific over the forecast period.
Competitive Analysis:
Leading players in the global tetrahydrofuran market include BASF SE, Merck KGaA, Mitsubishi Chemical Corporation, Invista, LyondellBasell, Credence Chem Private Limited, BioAmber Inc., Ashland, Technical Chemical Company, and Dairen Chemical Corporation.
Industry Updates:
In February 2019, Invista completed the sale of its apparel and advanced textiles business to Shandong Ruyi Investment Holding. However, Invista retains control over its tetrahydrofuran technologies and will continue to license it on a global basis.
Isobutanol Market Share Opportunity Assessment 2021-2030 by Types, by Applications
agosto 10, 2022 6:50 - no comments yetThe global isobutanol market is profiled in great detail in the latest research report from Market Research Future (MRFR), providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the isobutanol market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the isobutanol market’s growth trajectory over the forecast period are provided in the report. The leading players in the global isobutanol market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global isobutanol market. The major drivers and restraints affecting the global isobutanol market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Isobutanol is a colorless, mobile liquid that is used in various applications as a solvent, solubilizer, additive, and extracting agent. The growing demand for coatings containing isobutanol is likely to be the major driver for the global isobutanol market over the forecast period. Isobutanol uses in coatings to enable a smoother flow and to lower the viscosity of the formulation. The increasing demand for paints and coatings for use on metals and wood is likely to be a major driver for the isobutanol market over the forecast period. Isobutanol is also used in the production of antibiotics and vitamins, among other pharmaceutical industry products. This is a key end use area for isobutanol and is likely to remain a major driver for the isobutanol market over the forecast period.
Fluctuations in the prices of crude oil are likely to restrain market growth over the forecast period. Due to geopolitical tensions as well as the discovery of new oil reserves, prices of petroleum have fluctuated in recent years. This has had a significant adverse impact on the isobutanol market over the last few years.
Segmentation:
The global Isobutanol market Share is segmented on the basis of type, application, end use, and region.
By type, the global isobutanol market is segmented into biobased and synthetic. The synthetic segment currently dominates the global isobutanol market due to its ease of production. Due to the strong existence of petroleum refinery infrastructure, synthetic isobutanol can be readily prepared and obtained through petroleum. This has elevated the availability of synthetic isobutanol on a global scale. However, biobased isobutanol is likely to grow in demand over the forecast period due to the growing awareness about the need to obtain biobased alternatives to petroleum-based products. Due to the scarcity of petroleum, the demand for biobased alternatives has grown rapidly over the last few years. This is likely to remain a key driver for the biobased segment of the isobutanol market over the forecast period.
By application, the global isobutanol market is segmented into intermediate, solvent, solubilizer, extracting agent, additive, and others. The intermediate segment holds the largest share in the global isobutanol market.
By end use, the global isobutanol market is segmented into pharmaceuticals, oil and gas, paints and coatings, textiles, chemicals, and others.
Competitive Leaderboard:
- BASF SE (Germany)
- Eastman Chemical Company (U.S.)
- Gevo (U.S.)
- Butamax® Advanced Biofuels LLC
- Sahara PCC (Saudi Arabia)
- The Dow Chemical Company
- Mitsubishi Chemical Corporation
- OXEA GmbH (Germany)
- INEOS (UK)
- SIBUR (Russia)
- Lesaffre Advanced Fermentations
Regional Analysis:
Asia Pacific dominates the global isobutanol market due to the growing petroleum industry in the region. China is likely to emerge as a global leader in the global isobutanol market over the forecast period. The growing consumption of paints and coatings in the growing automotive and construction industries in Asia Pacific is likely to be a major driver for the isobutanol market in Asia Pacific over the forecast period.
Waterborne Coatings Market Share 2021 Volume, Value, Sales Price, Specification Forecast to 2028
agosto 10, 2022 6:45 - no comments yetMarket Forecast
Waterborne Coatings Market is expected to exhibit a CAGR of over 6.7% to reach a value of around USD 83.37 billion by the end of the forecast period.
Waterborne coatings act as a barrier between the substrate and water, insulating the material from soil contact and protecting it from various chemical interactions. The raw material used to produce waterborne coatings is waterborne resins, synthetic resin, and other materials. The waterborne resin is also known as water-based resins. These resins also produce adhesives, sealants, elastomers, and composite materials. The function of water-based resin is to use water as the carrying medium instead of solvent or solvent-less.
Segmentation
By Type
- Based on type, the global waterborne coatings market Share is divided into acrylic, polyester, alkyd, epoxy, polyurethane, epoxy, PTFE, PVDC, PVDF, and others.
- The acrylic segment is expected to register a significant growth rate because of its various applications such as industrial wood, architectural applications for decorative laminates and finishes, machinery & equipment in general industries, non-residential, and others.
- The market for the polyurethane segment is anticipated to have stable growth during the assessment period. However, polyurethane coatings are seamless for surfaces subjected to wear and tear and need to be physically and chemically resilient.
- The continuously increasing demand for PTFE coatings in original equipment manufacturers (OEMs) components and fasteners in the automotive industry to provide longer life is expected to offer optimistic opportunity. The growing usage of PTFE coatings in architectural applications also offers positive growth to the global market.
- The polyester segment is widely used in the residential and non-residential sectors due to its low cost. These are widely used in remodel & repaint and new construction. Therefore, the polyester coating segment is projected to fuel the global market growth during the forecast period.
By Application
- This segment is classified into the architectural segment and industrial segment, through which the architectural segment is further divided into residential and non-residential application, and industrial segment is divided into automotive, marine, packaging, and others.
- Waterborne coatings are majorly used in the automotive industry for automotive parts and OEM components, tooling, ballistic panels, etc.
- Growing commercial and residential sectors is fueling the growth of the construction industry across the globe.
- The industrial segment includes chemical, energy & power, textile, equipment manufacturers, and others and is anticipated to drive the global market growth during the forecast period.
By Region
- North America: North America is expected to boost the global market growth over the forthcoming years. This growth is attributed to rising waterborne coating manufacturers in this region. Moreover, expanding end-use industries, especially aerospace & defense and automotive, are driving the regional market growth.
- Europe: Europe is a well-established market. The demand for PVDC application in packaging solutions and the growing demand for protective coatings in the marine industry is driving the Europe waterborne coating market over the forecast period.
- Asia-Pacific: Asia-Pacific is likely to dominate the global market growth. The regional market growth is driven by several factors such as shifting manufacturing base from western countries to Asia-Pacific, strong economic development, and expansion of end-use industries including automotive, marine, building & construction, packaging, and others.
- Latin America: Brazil and Mexico are estimated to provide lucrative opportunities for market growth during the assessment period.
- Middle East & Africa: It is the fastest-growing regional market. The growing infrastructural projects in GCC countries such as UAE and increasing usage for waterborne coatings in interior and exterior architectural applications are expected to fuel the product demand in the Middle East & Africa region over the foreseeable period.
Regulatory Framework
Below is the list of ASTM (American Society for Testing and Materials) standards that are the framework for the coating industry.
- ASTM D1654 is one of the important standard tests used to evaluate coated substances subjected to the corrosive environment.
- ASTM E2257 standard test methods are used for room fire test of wall & ceiling materials in architectural application.
- ASTM D610 standard test is used to determine the extent of rust on coated steel surfaces in residential and non-residential applications.
ASTM E84 standard test method is used to determine the surface burning of building materials
Impact of Coronavirus Outbreak
In 2020, there isdecline in global sales in the coatings market, as the production and consumption of key segments such as the automotive, marine, and metal packaging industries will have fallen drastically. According to the UN, the global economy is projected to contract by around 1% or more instead of registering a 2.5% growth projected by the World Economic Situation and Prospects report 2020.
In Asia-Pacific Region, countries like China and Japan are the major consumers of waterborne coatings, and owing to the amid of COVID-19, the sales of waterborne coatings have decreased in the assessment period.
However, at the end of 2021, the demand for waterborne coatings was expected to gain pace and drive market growth.
