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methanol industry Opportunities, Top Key Manufacturers and Supply Demand 2030
agosto 10, 2022 6:33 - no comments yetMarket Overview
Market Research Future (MRFR) studied the global methanol market 2022 across the analysis period till 2030. The gradual increase in industrial applications of methanol can promote the market in the near future. The methanol industry can surge at high CAGR to earn substantial turnover on conclusion of the forecast period. The growing utility of methanol in wealthy sectors, such as chemical and pharmaceutical, can favor the market growth. The rise in demand for methanol as transportation fuel and upscaling sales of fuel-efficient vehicles are creating numerous growth opportunities for the market, supporting the market upsurge. The growing home décor business encouraging growth of the paint industry can also add to the market rise. High cost in methanol production and technical shortfall can impede the market expansion. COVID 19 impact assessment for the menthol market is offered in the report.
Segment Study
The segment study of the global Methanol Market share is done by derivative, feedstock, and end-use industry.
The feedstock-based segments of the methanol market are coal, natural gas, oil, and renewable resources among others. The coal segment can acquire substantial revenue for the global market by 2030.
The derivative-based segments of the menthol market are acetic acid, formaldehyde, dimethyl ether, solvents, gasoline, methanol to olefins, methyl methacrylate, and methyl tert butyl ether among others. The methyl methacrylate segment can rise with considerable CAGR by 2023.
The end-use-based segments of the methanol market are building and construction, transportation, electrical and electronics, pharmaceuticals, water treatment, and packaging, paints and coatings among others. The water treatment segment can contribute significantly to the market growth in the coming years.
Market Key Players
- Celanese Corporation (Texas)
- SABIC (Saudi Arabia)
- BASF SE (Germany)
- PETRONAS (Malaysia)
- Methanex Corporation (Canada)
Detailed Regional Analysis
In Asia Pacific, the methanol market can earn high revenue across the forecast period. The gradual increase in demand for methanol demand in the affluent automotive sector across India and other APAC regions can underpin the regional market surge. China is reputed as the automobile production hub, and the growing demand for vehicles, can add to the market expansion in the approaching future. In addition, governments are commercializing coal-based methanol for heavy commercial vehicles application, such as; buses and trucks. The gradual replacement of diesel-based solutions, instead of diesel solution, can also support the market growth.
In North America, the increase in application of methanol for water treatment facilities can support the market rise. The high utility of menthol in the denitrification process of water treatment that aid in the reduction of the volume of discharged hazardous effluents can support regional market upsurge.
Europe menthol market can expand at decent pace as the healthcare sector is observed to acquire considerable revenue.
In Latin America, the menthol market can rise at considerable pace due to rise of personal care and cosmetics industry, especially across Mexico and Brazil The upscaling requirement of cosmetics and skin care products can promote the market growth.
The methanol market in the Middle East and Africa can show considerable rise of the market in the review period owing to rapidly rise of the end-use industries, such as; building and construction, automotive, and packaging.
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Aprotic Solvents Industry 2021 Growth Statistics, Business Demand, Top Manufacturers Data 2027
agosto 10, 2022 6:18 - no comments yetMarket Overview:
The global aprotic solvents market has been segmented on the basis of source, type, end-use industries, and region.
Based on source, global aprotic solvents Industry has been segmented into bio-based and synthetic. Solvents derived from synthetic process have gained higher importance and has acquired a larger market share in 2021. The ease of production and its growing use in various end-use industries such as oil & gas, pharmaceutical, and paints & coatings has driven the market for synthetically derived aprotic solvents. Synthetic segment in the aprotic solvents market is expected to show remarkable growth in the forecast period.
By type, N-methyl-2-pyrrolidone held the largest share in the global aprotic solvents market in 2017 and it is expected to continue its dominance in the review period. N-methyl-2-pyrrolidone is widely used in processing petrochemicals and formulation for drugs in pharmaceutical industries by both oral and transdermal delivery routes. The rapid growth of petrochemical and pharmaceutical industries across various regions of the globe is expected to drive the demand for aprotic solvents in the forecast years on the global level.
On the basis of end-use industries, oil & gas industries dominated the global aprotic solvents market in 2017, and it is expected to continue dominance in the review period. Aprotic solvents help to recover the hydrocarbons while processing petrochemicals. The growing petrochemical industry is attributing to the rising demand of aprotic solvents.
Regional Analysis:
Geographically, global aprotic solvents market is spanned across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific dominated the global aprotic solvents market in 2021, and it is expected to continue its dominance due to the growing pharmaceutical and oil & gas industries in this region. The ever-growing chemical industries and paints & coatings industries have boosted the demand for aprotic solvents in the North American market. European market is expected to grow at a healthy CAGR during the review period, owing to the presence of large number of healthcare industries in this region, and increased demand for aprotic solvents in this end-use industry. While Latin America and the Middle East & Africa markets are expected to show moderate and steady growth respectively in the forecast period.
Key Players:
Some of the key players operating in the global aprotic solvents market are DowDuPont (US), BASF SE (Germany), Celanese Corporation (US), Mitsui Chemicals, Inc (Japan), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands), Mitsubishi Chemical Corporation (Japan), The Chemours Company (US), Asahi Kasei Corporation (Japan), and Ashland Inc (US).
High Temperature Coatings industry Report 2020 to 2027 | Key Players, Price Trend Analysis and Future Prospects
agosto 9, 2022 23:21 - no comments yetMarket Analysis
The global high temperature coatings market is likely to grow at a notable CAGR between 2020- 2027, according to the recent report by Market Research Future (MRFR). Hot temperature coatings, simply put, are protective coverings that are put on equipment or materials to offer protection from abrasion and corrosion to the substrate. Owing to its excellent features such as reduced thermal fatigue, anti-oxidative property, and UV-resistance, it has wide applications in stoves, metal, marine, petrochemical, coil, automotive, and aerospace. High temperature coatings are used to offer biocompatibility, comfort, and flexibility to the product.
Various factors are fuelling to the global high temperature coatings market growth. Such factors, according to the new MRFR report, include its increasing use in different sectors namely stoves, metal, marine, petrochemical, coil, automotive, and aerospace, increasing use in pipe networks and cookware products, and shifting preference towards high temperature coatings that are solvent-free.
On the contrary, legislations curbing the usage of hazardous chemicals and volatility in cost of raw materials are factors that may limit the high temperature coatings market growth over the forecast period.
Key Players
Prominent players profiled in the global high temperature coatings market report include Belzona International Ltd. (U.K.), Hempel (Denmark), Carboline (U.S.), Aremco (U.S.), Jotun (Norway), Axalta Coating Systems (U.S.), The Valspar Corporation (U.S.), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), and AkzoNobel N.V. (the Netherlands), among others.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global High Temperature Coatings industry report based on technology, end use, and resin type.
By resin type, the high temperature coatings market is segmented into alkyd, acrylic, polyester, silicone, epoxy, and others. Of these, the acrylic segment will lead the market over the forecast period owing to its extraordinary features such as corrosion resistance, antioxidant, and biocompatible.
By technology, the high temperature coatings market is segmented into powder segments, solvent, and water. Of these, the powder segment will dominate the market over the forecast period for its increasing use as a feasible and biocompatible product.
By end use, the high temperature coatings market is segmented into stoves, metal, marine, petrochemical, coil, automotive, and aerospace. Of these, the automotive segment will have a major share in the market over the forecast period.
Regional Analysis
Based on the region, the high temperature coatings market report covers the recent trends & growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the APAC region will lead the market over the forecast period for its burgeoning demand in different end use industries such as petrochemical, coil, automotive, aerospace, and others. It is widely used in the automotive segment for the increasing consumption of silicone resins, epoxy, and acrylic for producing vehicles in India, Japan, and China that are efficient and of high standard. This again is adding to the market growth.
The high temperature coatings market in North America is predicted to have significant growth over the forecast period for the surging demand for epoxy and acrylic resins in automobile and construction & buildings sectors. Besides, the burgeoning need for protection coatings in the electronics and aerospace industries in Mexico, Canada, and the US are also adding market growth in the region.
The high temperature coatings market in Europe is predicted to have healthy growth over the forecast period for the rising use of coatings especially in cookware products. Besides the constant technological advancements and growing innovation in France, Germany, Italy, and the UK are also adding market growth in the region.
The high temperature coatings market in Latin America is predicted to have a remarkable growth during the forecast period. The increasing consumption of acrylic resins and silicon resins in the energy, construction and buildings, and chemical sectors is adding market growth.
The high temperature coatings market in the MEA is predicted to have favorable growth over the forecast period for its increasing demand in the energy and aviation, petrochemical, and oil and gas sectors.
Covid-19 Analysis on High Temperature Coatings Market/Covid-19 ABC Market Analysis
The prevailing COVID-19 pandemic has resulted in weakened demand for high temperature coatings for steel. The recovery is dependent highly on the time period of restrictions imposed as well as their impact on economic activity worldwide. Unfavorable conditions and strict environmental regulations due to the pandemic are hindering the market growth. The rising inability both in the production as well as manufacturing processes on account of self-quarantined workforce has resulted in huge disruption in supply chains. Restrictions encouraged via this pandemic are hindering the production of high temperature coatings.
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transparent conductive films market share | Growing Popularity and Emerging Trends in the Industry By 2030
agosto 9, 2022 23:06 - no comments yetOverview:
The global report on the Transparent Conductive Films Market revealed that it had a market worth of USD 3.65 billion in 2016 and it has the potential to grow with a CAGR of 9.52% between 2020 to 2030. Market Research Future (MRFR) included the time frame as the forecast period in the report. These films are getting significant traction in the automotive industry as a sunlight protection sheet that can be used in various panels. Growing inclusion of Internet of Things (IoT) technology in wearable devices is influencing the application of transparent conductive coatings. The manufacturing of various gadgets like wearable devices, tablets, and smartphones would make sure that the market gets good traction. In the automobile sector, the production of the vehicle steering wheel, car control panels, seatbacks, and entertainment panels can also make sure that the market for transparent conductive films receives good thrust.
Market Segmentation:
The global market report covering the transparent conductive film market share has been segmented in the report on the basis of material and application. The insights gained from these market reviews can be used to profit more by developing better strategies in the coming years.
By material, the global report consisting of a review of the transparent conductive film market includes indium tin oxide on glass, silver nanowire, indium tin oxide on PET, carbon nanotubes, metal mesh, and others. The metal mesh segment is set to register the highest CAGR over the review period as its features like conductivity, high mechanical strength, and temperature resistance is getting acknowledged across several industries.
By application, the global market report on transparent conductive films comprises wearable devices, tablets, smartphones, LCD, notebooks, and others. The wearable devices segment has a better chance to evolve as the fastest growing market as the market is getting blessed by the proliferating smart devices made for healthcare, information, entertainment, and fitness purposes.
Regional Analysis:
The report has the transparent conductive films market segmented into North America, Asia Pacific, and Europe as major contributors. Whereas, the Middle East & Africa and South America can display moderate growth. These two regions are getting affected by the poor economies where the market performance is not up to the mark.
In the Asia Pacific region, the global market for transparent conductive films is set to benefit from the semiconductor and the consumer appliances industries. Japan, China, South Korea, and others are going to significantly boost the market demand for the same. In the automobiles sector, several market players are showing interest, which can trigger better growth. This can be also beneficial for the regional market. In North America, the market would get attention from both the automotive and electrical & electronics industries. This is due to the increased intake of these devices and hike in investment for researches that can produce innovations. In addition, the market is experiencing top-class marketing strategies that can simplify its market percolation across industries. In Europe, the market for the same has a chance to grow in the automotive industry particularly as major players in the vehicle manufacturing field are from this region. It will witness a hike in the production of luxury vehicles and in sync, the global transparent conductive film market will grow.
Competitive Landscape:
Some of the prominent players in the Global Transparent Conductive Films Market are
- Nitto Denko Corporation (Japan),
- Teijin Ltd (Japan),
- TDK Corporation (Japan),
- Toyobo Co., Ltd (Japan),
- Gunze (Japan),
- Cambrios Technologies Corporation (US),
- Canatu OY (Finland),
- C3nano (China),
- Dontech Inc (US),
- Chasm Technologies, Inc (US),
- ILJIN display Co., Ltd (South Korea),
- Hitachi Chemical Company, Ltd. (Japan),
- Evaporated Coatings, Inc (US),
- Eikos Inc (US), and
- Max Film, Inc (India), among others.
In November 2019, researchers from the MIT University came up with an improved version of PEDOT-based transparent conductive coating material and this would be at par with ITO, in terms of flexibility.
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maleic anhydride market size Key Current and Future Trends, Regional Forecast 2030
agosto 9, 2022 22:59 - no comments yetOverview:
The maleic anhydride market is enjoying positive growth rate owing to its percolation in coating and polymer industries. But its well-cemented foothold in the automotive sector is what makes it a gainer. The market is anticipated to achieve a 6.65% CAGR during the forecast period (2021-2030) to reach an impressive valuation of USD 5.50 billion from its previous valuation of USD 3.4 billion in 2021. The report on the same market published by Market Research Future (MRFR) further incorporates a detailed analysis of the drivers such as the production of 1,4-butanediol (BDO), unsaturated polyester resins (UPR) and lubricants to provide an accurate maleic anhydride market scenario.
However, the maleic anhydride market is facing a steep task of overcoming the threats posed by government regulations and green alternatives. Maleic anhydride has side-effects which can have an adverse impact on health. Governments have issued regulations to curb the practice. But bio-based maleic anhydrides are awaiting green signal which can bring the maleic anhydride market back on its growth track.
Competitive Analysis:
The global maleic anhydride uses are experiencing several transformations owing to the strategic stances taken by the market leaders. These strategies have merger, acquisition, collaboration, product launch, joint venture, and other methods to help companies stay afloat and market expand.
SMA 1550H is a new type of styrene maleic anhydride (SMA) copolymers that is grabbing attention as this type of resins can effectively disperse pigments and performs well as an ink transfer aid.
Polynt Group inked a deal in 2020, with Reichhold and formed Polynt-Reichhold that would operate in the field concerning intermediates, coating, and composite resins, thermoset compounds, gel-coats, and niche specialties.
Marathon Petroleum Corp. is showing great interest in buying stakes in Ashland Inc.’s Marathon Ashland Petroleum LLC (MAP). This can make Marathon the sole owner of the MAP and one of the largest refiners in the U.S.
Prominent maleic anhydride market influencers are Ashland Inc. (US), Bartek Ingredients Inc. (Canada), Bluestar Harbin Petrochemical Corp. (China), Huntsman Corporation (US), Lanxess (Germany), Marathon Petroleum Corp. (US), Fuso Chemical Co. (Japan), Mitsubishi Chemical Corporation (Japan), Nan Ya Plastics Co.(China), Changzhou Yabang Chemical Co. Ltd (China), Helm AG (Germany), Polynt Group (Italy), Ningbo Jiangning Chemical (China), Nippon Shokubai Co. Ltd (Japan), Thirumalai Chemicals Ltd (India), and others.
Segmentation Analysis:
The global Maleic Anhydride Market size can be segmented by raw material, application, and end-user.
By raw material, the maleic anhydride market can be segmented into n-Butane and Benzene. N-Butane has the maximum market share as per the details of 2020.
Based on application, the maleic anhydride market includes unsaturated polyester resin (UPR), copolymers, lubricant additives, alkenyl succinic anhydrides, malic acid, fumaric acid, and others. UPR, at present, is the market bellwether in terms of volume. But copolymers are about to record the fastest growth rate during the forecast period.
Based on end-users, the maleic anhydride market comprises construction, automotive, food & beverages, textile, pharmaceuticals, personal care, agriculture, and others. Construction segment has the maximum market share, but the automotive segment is about to register the fastest growth rate.
Regional Analysis:
Geographic analysis of the maleic anhydride market incorporates North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA).
The APAC has the largest market share. The region is showing extraordinary growth rate in automotive and construction sectors which is squarely pushing the maleic anhydride market forward. Countries such as India, China, and Indonesia are making a substantial contribution to the regional maleic anhydride market growth.
Europe also has a substantial portion of the market. However, the region is expecting dampened speed owing to its slow growth in the construction sector and strict regulations regarding bio-sustainability imposed by governments that bog down the expected growth rate.
North America is also experiencing sluggish pace owing to a slowdown in downstream industries. However, Latin America’s market is expanding as many of the North American companies are shifting their base to Brazil and Argentina.
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