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Battery Materials Market In-depth study of the Market with growth factors, Uses, Applications, Key players, Trends and Forecasts

Battery Materials Market

Battery Materials Market Overview: Battery Materials are Chemicals and Metals most widely used to manufacture primary and secondary batteries. These materials exhibit crystallinity, crystal size and shape, porosity, doping, and surface modification. Following these properties, the battery performance is measured based on energy density, power density, stability or cyclability, price, and safety. These batteries have major applications in automobile batteries, industrial batteries, electric grid, and power storages.

Battery Materials Market includes rapid industrialization, rising demand for efficient batteries for vehicles, and increasing expenditure on electric grid constructions. Moreover, demand for battery materials is predicted to witness significant growth over the assessment period due to surging portable electronics manufacturing industries. Rising innovation and technology anticipates electric vehicles (EVs) to replace the majority of gasoline powered transportation, this will significantly reduce greenhouse gas emissions across the globe and will prove to be an important driver for battery materials market during the review period.

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Battery Materials Market Key Players: Battery Materials Market are: 3M Company (U.S.), BASF SE (Germany), ENTEK International LLC (U.K), Ecopro Co., Ltd. (South Korea), Hitachi Chemical Company, Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Celgard, LLC (U.S.), The Dow Chemical Company (U.S.), Mitsubishi Chemical Corporation (Japanese), Solvay S.A. (Belgium) and Nippon Denko Co., Ltd. (Japan) among others.

Battery Materials Market Segmentation: Battery Materials Market is categorized on the basis of type, application, end use industry, and region. On the basis of the type, the market is bifurcated into cathode, anode, electrolyte, separator, binders, packaging material. On the basis of the application, the battery materials market is categorized into primary batteries, secondary batteries, and others. On the basis of the end use industry, the market is segmented into electronics, automobiles, power storages, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Battery Materials Market Regional Analysis: Battery Materials Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2018 to 2023 on account of expanding electronics industry. The demand for battery materials is predicted to surge in numerous countries of the Asia Pacific region such as China, India, Japan, and South Korea due to high adoption rate by the electronic gadgets manufacturers. Moreover, the presence of major battery manufacturers in this region is predicted to propel the growth of the battery materials market over the forecast period.

Battery Materials Market Application: Battery Materials Market is increasing demand for batteries from automobile industries, rising demand for electronic gadgets, and increasing urbanization. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2018 to 2023. Additionally, high adoption rate along with the increasing number of power plants to meet the energy requirement for the ever-growing population is driving the market. Moreover, continuous expansion of automotive sector as well as shifting the focus of the manufacturers towards gasoline free transport by adopting electric vehicles run by batteries is estimated to fuel the growth of the market during the review period, 2018 to 2023.

Battery Material Market has seen a remarkable growth over the past few years and it has been anticipated that the global market will maintain the growth status during the forecast period. The continuously growing application industries are resulting in the overall growth of global battery material market. The rising consumption of mobiles and laptop, government initiative to replace fuel vehicle over battery vehicles, technological innovations, emerging economies and growing disposable income are the major growth factors which are driving the global market.

Globe and will prove to be an important driver for battery materials market during the review period. Increasing automobile production and sales along with rising consumption of batteries are estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2018 to 2023.

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Specialty Chemicals Market Prime Factors Analysis with Production, Revenue, Latest Development Trend and Key Manufacturers Analysis 2018

Specialty Chemicals Market

Specialty Chemicals Market Overview: Specialty Chemicals Market is set to thrive at a CAGR of 6.21% during the forecast period 2018 to 2023. The market is set to grow from USD 710.03 Billion in 2017 to USD 1000 Billion by the end of 2023.

Specialty Chemicals due to the superiority of specialty chemicals has augured well for the market players. The trend is prognosticated to perpetuate in the foreseeable future. However, the volatile price of raw materials such as petrochemical derivatives remain an impediment to the specialty chemicals market growth and is expected to affect pricing policies adversely.

Specialty Chemicals Market Key Players: Market Research Future (MRFR) recognizes the following companies as some of the key market Evonik Industries AG, Henkel AG & Co, ExxonMobil Corporation, Clariant AG, AkzoNobel NV, Lenzing AG, BHS Specialty Chemicals, Lanxess AG, BASF SE, Ashland Inc., Solvay SA, KGaA and DowDuPont, and Others.

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Specialty Chemicals Industry News: In August 2018, IMCD, Netherlands, acquired European Specialty chemicals distributor, Velox.

In August 2018, BASF Chemicals Company strengthened its collaboration with Grolman in Europe for expanding the marketing of the BASF specialty chemicals to Italy, Spain and Portugal

Specialty Chemicals Market Segmentation: A detailed segmental analysis is offered in the report based on source and type. By source, the global specialty chemicals market is segmented into crude oil, naphtha, ethane, propane, butane, wood and others. Among these, the naphtha segment accounts for a major share of the market revenue. It is forecasted to register a CAGR of 6.19% over the assessment period.

By type, the specialty chemicals market has been segmented into agrochemicals, flavour ingredients, fragrance ingredients, dyes & pigments, water treatment chemicals, personal care active ingredients, construction chemicals, surfactants, textile chemicals, polymer additives, bio-based chemicals, and others. Among these, the agrochemicals segment holds the most significant share of the market and is likely to exhibit positive growth in the foreseeable future.

Specialty Chemicals Market Application: Specialty Chemicals from the automotive industry is the key factor responsible for favouring the expansion of the specialty chemicals market. The growth of the automotive industry directly reflects on the growth of the specialty chemicals market. These chemicals are widely used in lightweight vehicle applications. The upsurge in demand for lightweight automobiles is likely to catapult the market on an upward trajectory.

Specialty Chemicals Market is entering a maturity phase. However, low operating costs in the Middle East and the Asia Pacific has opened new avenues of growth in the specialty chemicals market. Several end-user industry players are shifting to these regions for establishing manufacturing units. This, in turn, is expected to intensify demand for specialty chemicals in these regions.

The market values provided in the report were confirmed after analysing the market on several fronts, which revenues from different specialty chemical types, sources and market opportunities in regions such as North America, South America, Asia Pacific (APAC), Europe and the Middle East & Africa (MEA). On the basis of the source, crude oil, naphtha, ethane, propane, butane and wood are the primary segments discussed in the report. The report focuses on market valuation specialty chemical such as flavours ingredients, agrochemicals, dyes & pigments, fragrances ingredients, water treatment chemicals, personal care active ingredients, construction chemicals, surfactants, textile chemicals, and polymer additives and bio-based chemicals.

Specialty Chemicals Market Regional Analysis: By region, the global specialty chemicals market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia Pacific is projected to lead the global market and is expected to hold a significant market share towards the end of 2023. The factors responsible for aiding market proliferation in the region include thriving agrochemicals industry, the presence of fast-developing economies, increasing demand from the automobile industry, etc. Furthermore, the relaxations in regulations by the governments catalyse the expansion of the regional market.

Europe and North America are important growth pockets and are likely to remain highly lucrative markets during the forecast period. The presence of key players in the regions is projected to complement the expansion of the markets. Meanwhile, Latin America and the Middle East & Africa are estimated to hold the least share of the specialty chemicals market. However, Middle Eastern country-level markets such as Qatar, U.A.E, Dubai, etc. and Latin American country-level markets such as Mexico and Brazil resonate strong growth opportunities.

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Floor Coatings Market Update 2018 to 2022- Business Trends Regulations and Competitive Landscape

Floor Coatings Market

Floor Coatings Market Overview: Floor Coatings Market is growing rapidly post 2018 as the market is boosted due to growing demand of decorative floor and construction activities across the globe. The market size is expected to increase at CAGR of 7.2% by the end of 2022.

Increased globalization and rapid industrialization is key factors in restructuring floor coating industry. Floor coatings is seen a rapid economic growth owing to changes in industry trends. Floor coatings are applied on concrete, tiles, wooden floors etc. so that it acts as defensive layer to prevent moisture damage, corrosion resistant, thermal shocks and chemical attacks. The main aspect of floor coatings is the long shelf life of the floor coatings along with providing decorative aspects, protection, cost effective and low maintenance. According to different varieties of floor coatings available in market, each type possesses various characteristics and are used for different purposes across the industry.

Floor Coatings Market is used for protecting concrete, tiles, wooden floors etc. from corrosion and climatic condition. Floor coatings is applied in order to increase shelf life with low maintenance and cost effective. These coating contains resins which protect them from oxidation and moisture. Owing to operational advantages, different varieties of floor coatings possesses various characteristics to suit various environment.

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Floor Coatings Market Key Players: Floor Coatings Market are: BASF SE (Germany), Sherwin Williams Company Inc (US), The Dow Chemical Company (US), Akzo Nobel NV (Netherlands), The Arkema Group (France), Asian Paints PPG Pvt. Ltd (India), Nora Systems Inc. (Germany), RPM Internationals Inc. (US), Maris Polymers (Europe), Tambour (Israel) and others.

Floor Coatings Market Segmentation: Floor Coating is divided into 1K, 2K, 3K and others. 1K or single component contains low level of VOC and vaporizes when exposed to air. It does not require hardener, activator or catalyst. Thus, single component is eco-friendly is fastest growing segment owing to government policies regarding usage of eco-friendly products. 2K or “two components” is widely used with hardener, activator or catalyst to prevent it from chemicals, weather and UV rays. Water based 2K polyurethane systems provides curing and hardness which is top preferred choice in residential, commercial and industrial applications.

Based on end user, floor coatings in segmented into residential, commercial and industrial. The growing construction and infrastructure development in countries like china and India has boosted the demand for floor coatings in coming years. Increasing demand from multinational companies for decorative coatings is expected to boost the demand for floor coatings in near future. Innovation in floor coatings is major opportunity for many manufacturers to increase their production capacity.  

Floor Coatings Market Application: Floor Coatings are special Coatings which are used for preventing the material from corrosion, chemical attacks and thermal shocks. Floor Coatings enhance the product shelf life leading to low replacement cost thus benefiting manufacturers. Hence, it is highly preferable in end user industries. Floor are highly subjected to wear, thus requires protection and high maintenance during construction activity. Owing advantages of Floor Coatings such as water proofing, slip resistance, microbial protection and others has boosted the demand for floor coatings over the forecasted period.

Floor Coatings materials such as polyaspartic, acrylic, polypropylene, polyester, epoxy, and vinyl ester are costlier, but they are capable to deliver high performance for long run purposes. These high value-added products widely used to provide properties such as strong surface, excellent mechanical durability ease of cleaning withstanding of chemical stresses well ease and simplicity of application. Floor coatings are used in applications such as residential, commercial and industrial construction activities.

Floor Coatings Market Regional Analysis: Geographically, Asia-Pacific is largest consumer of floor coatings with more than 35% of market share in global floor coatings market. Huge investment in building and construction along with infrastructure development has fueled the demand for floor coatings in coming years. China is major revenue generating country due to growing construction activities which leads to decorative floor coating in various industries. Europe & North America accounts for second and third market share respectively.

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Textile Chemicals Market 2018 by Worldwide Trends and Key Companies Forecast to 2022

Textile Chemicals Market

Textile Chemicals Market Abstract: Market Research Future (MRFR) has published a detailed report on global textile chemicals market that highlights a persistently moderate market growth throughout the forecast period. MRFR’s analysis reveals that the market was valued at USD 9.8 Mn in 2016 and will exhibit an upward trend of growth at 3.2% CAGR for the next couple of years.

Rising level of personal income in both developed and developing countries is expected to propel the production of textiles used in apparel, household furnishings, and floor coverings, faster gains will be seen in finishing chemicals, which can impart specific aesthetic, physical, and functional properties to textiles. Continuous advancements in textile chemicals due to innovative efforts have further elevated the efficiency of these chemicals. Increase in demand for home furnishing products, demand for environmentally friendly chemicals in textiles industries, and progressing packaging industries, which require large textile chemicals also propel the market growth.

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Textile Chemicals Market Key Players: Textile Chemicals Major Key Players in Market Includes: BASF SE, Bayer AG, Dow Chemical Company, Huntsman International LLC, Sumitomo Chemicals Co., Ltd., AkzoNobel, Arkema, Kiri Industries, Lubrizol, Omnova Solutions, Pulcra Chemicals, and Sumitomo Chemical.

Textile Chemicals Market Application: Textile Chemicals find usage in various end use application such as apparel, technical textiles, home furnishing, industrial textiles, and others. The market is estimated to witness moderate growth due to their superior properties coupled with excellent usage in various end use applications specifically in-home furnishing and industrial textiles.

Among the end use application segment, apparel is estimated to grow tremendously followed by home furnishing. The factors attributed to the segmental growth are growing per capita disposable income, rapid urbanization in emerging economies, and robust industrialization. In addition, increasing government support such as Housing for all and cheaper home loans has increased the number of flat owners which in turn has increased the consumption of textile chemicals in home furnishing segment.

Textile Chemicals Market Segmentation: Textile Chemicals Market is segmented on the basis of type into pre-treatment chemicals, furnishing chemicals, colorants, coating chemicals, and dyeing & printing chemicals. Colorants are used to impart color to the textile products, while coating chemicals are water repellant, solvent resistant, and thermal resistant. They are used for various applications such as tarpaulins, waterproof protective clothing, adhesives, and bulk bags.

By application, the market is segmented into home furnishings, apparel, industrial textiles, and technical textiles. Increasing expenditure on home furnishings helps propel the textile chemicals market. Textile chemicals are used for carpets, rugs, furniture, and much more. Also, the rise in per capita spending on apparel has proved to be positive for the textile chemicals market.

Textile Chemicals Market Regional Analysis: Textile Chemicals Market is geographically segmented into Asia Pacific, North America, Europe, and Rest-of-the-World (Row).

Among all, Asia Pacific will be reigning over the market with a high CAGR during forecast period, trailed by North America and Europe. Continuous development of emerging economies such as China, India, and Brazil can contribute to the market. Increase in disposable incomes of the population can lead to domestic consumption of apparels especially in casualwear, carpets, and home furnishings in countries such as China. Similarly, India has become a massive market for textile chemicals owing to the domestic production and export of cotton and synthetic fibers.

On the other hand, Europe and Row are projected to display at a modest CAGR from 2018 to 2022. This can be attributed to increasing awareness about the environmental impact of textile chemicals along with the increasing research into the carcinogenicity of various textile chemicals in this region.

Textile Chemicals Market Competitive Landscape: Textile Chemicals report has analysed the degree of competitive scenario among the major operating players in textile chemicals market as well as sector growth and market scenario. The global textile chemicals market comprises of wide range of suppliers operating in the market which includes small scale and medium level producers. The important players of textile chemicals and large level suppliers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high-level suppliers belongs to this province specifically from India, Malaysia, South Korea, the Philippines, Taiwan, Japan, Australia, China, and Thailand.

Moreover, the major operating players of textile chemicals are observed to follow various strategic plans to enhance their product portfolio such as joint ventures, product launches, distribution agreements, strategic acquisition, and mergers, and exclusive agreements. Prominent manufacturers in this market are estimated to improve their manufacturing capacity of textile chemicals to meet the rising demand for textile chemicals worldwide.

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Bioplastic Market 2018 Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2022

Bioplastic Market

Bioplastic Market Introduction: Bioplastic Market is expected to grow over USD 5.99 Billion by 2022. With rise in development of emerging economies can cause countries like China, India and Brazil to contribute more amount of share in this market. Bioplastic Market, including the high-growth regions, countries and their political, economic and technological environments. Further-more the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Bioplastic Market is increasing due to various industries such as packaging, consumer goods, automotive industry and others. The growing segment is packaging due to Government’s drive towards achieving a ‘zero waste’ economy, through reducing waste and increasing recycling, has fostered an increased consciousness of resource efficiency. This awareness has indirectly promoted the use of bioplastic products.

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Bioplastic Market Key Players: Bioplastic Market Includes: BASF SE, Braskem S.A., Corbion NV, Metabolix Inc., Bio-On S.P.A., Novamont S.P.A, Toray Industries, Plantic Technologies Ltd, Natureworks LLC, Evonik Industries, and Arkema.

Bioplastic Market Intended Audience: Manufacturers and distributors of Bioplastic.

Suppliers and traders of Bioplastic.

Government, associations and industrial bodies.

Investors and Trade experts.

Consulting in chemical experts.

Study Objectives of Bioplastic Market: To study detail of Global Bioplastic market by type, by source, by application and by region in forecasted period 2022.

To identify the market dynamics of Bioplastic market dynamics by drivers, restrains, opportunities and challenges.

To analyse various factors like Value chain analysis and porters five forces model.

To provide historical and forecast revenue of market segment with respect to APAC, North America, Europe, and Row.

To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.

To track mergers and acquisitions, strategic alliances, new product development of each applicant Bioplastic market.

Each and every segment type and their sub types are well elaborated to give a better idea about this market during the forecast period of 2018 to 2022 respectively.

Bioplastic Market Regional Analysis: “Asia-Pacific is projected to be the largest market during the forecast period”

Geographically, Asia-Pacific is expected to be the largest market for Bioplastic accounting more than % of the total market. This share is contributed more towards growth of emerging economies, cheap labour cost in APAC and economical material used for production process.

Bioplastic Market Application: Bioplastic Market and the Key Factors Impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share is explained to give a depth of idea on the competitive side.

Bioplastic has been growing in substantial rate due to various application in the industrial sector. The bio plastic is made from biomass and food crops in-addition the availability of cheap, bio-based raw materials is greatly boosting the market. However, in most countries regulation and legislation has encouraged more environmentally sustainable business practices for example, the Government’s drive towards achieving a ‘zero waste’ economy, through reducing waste and increasing recycling, has fostered an increased consciousness of resource efficiency. This awareness has indirectly promoted the use of bioplastic products.

Bioplastics have the potential to become an integral part of most countries economy. Not only have the Bioplastics fulfilled the efficient requirements that modern day society demands, but their applications contributes to the development of smart, sustainable and efficient future. Bioplastics are increasing with impressive growth rates, bioplastics have reached an established position in the number of application sectors from the packaging market to the automotive industry. Geographically, APAC holds a ruling market followed by North America and Europe.

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Dimethyl Ether (DME) Market 2018 by Worldwide Trends and Key Companies Forecast to 2023

Dimethyl Ether (DME) Market

Dimethyl Ether (DME) Market Overview: Dimethyl Ether (DME) has rendered it capable of application in range of sector. Market intensive reports associated with the chemicals and materials industry among others recently have been made accessible by Market Research Future which issues reports on this industry. The market is projected to develop at a progressive CAGR per cent during the forecast period.

Dimethyl Ether (DME) is a clean energy source that can be fabricated from natural gas, coal and biomass. DME creates definitely no SOX or ash when burned. It is gaseous at normal temperature and pressure, but changes to a liquid when subjected to moderate pressure or cooling. This easy liquefaction makes DME easy to transport and store. Utilization of DME is progressing in the fields of power generation, automotive motors, and domestic household use among other conceivable applications owing to its magnificent physical, chemical, and storage properties.

Dimethyl Ether (DME) Market Key Players: Dimethyl Ether (DME) Market are: Akzo Nobel N.V. (the Netherlands), China Energy Limited (China), The Chemours Company (U.S.), Mitsubishi Corporation (Japan), Royal Dutch Shell plc (the Netherlands), Ferrostaal GmbH (Germany), Grillo Werke AG (Germany), Jiutai Energy Group (China), Oberon Fuels (U.S.), and Zagros Petrochemical Company (Iran) among others.

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Dimethyl Ether (DME) Market is precipitating with the rapid speed; mainly due to the proliferation of its application in manufacturing liquefied petroleum gas (LPG). According to a recent study report published by the Market Research Future, the global market of Dimethyl Ether is predicted to witness significant growth over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2023).  

Dimethyl Ether (DME) Market Segmentation: Dimethyl Ether (DME) Market is segmented on the basis of raw materials, application and region. On the basis of raw materials, the market is divided into natural gas, coal, biomass, and others. Based on application, global dimethyl ether market is segmented into transportation fuel, aerosol propellant, liquefied natural gas (LPG) blending, and others.  Geographically, the market is divided into five key regions including Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.

Dimethyl Ether (DME) Market Regional Analysis: Dimethyl Ether (DME) Market is divided into five key regions including, Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific is the fastest growing market among them due to growing paints & coatings and household fuel in the region. India and China are the major markets in this region on account of the presence of major end use industries. Europe is holding a comparatively smaller share in the Global Dimethyl Ether Market. Countries namely, Germany, U.K, and Italy are the key contributors to the regional market in this region owing to the growing demand of Dimethyl Ether by end use industries such as automotive, wherein the product is majorly used in the form of paints and lacquer. Apart from this, there is a significant presence of key players which may help push growth of the regional market forward. North America is closely following Europe, in terms of market size, in the Global Dimethyl Ether Market. U.S. is the largest market in this region, which is attributed to the growing reconstruction activities along with the chemicals industry.

Dimethyl Ether (DME) Market Opportunities / Application: Dimethyl Ether (DME), is getting a huge demand from construction industry owing to its use in manufacturing spray-based paints & coatings in the vapour state bottled in a pressurized container. When DME is subjected to moderate pressure and temperature it is modified into liquid phase from gas phase vice versa. Thus, it can be transported easily when compared to LPG or LNG. Dimethyl ether is not expected to be persistent in the environment and is not bio-accumulative.

Dimethyl Ether (DME) has a low boiling point, low viscosity and a smoke free combustion can be achieved when it is used as a solvent blender with transportation and heating fuels. Due to the high cost of DME, it is blended with LPG to save the manufacturing cost. DME, is getting a huge demand from construction industry owing to its use in manufacturing spray-based paints & coatings in the vapour state bottled in a pressurized container. When DME is subjected to moderate pressure and temperature it is modified into liquid phase from gas phase vice versa. Thus, it can be transported easily when compared to LPG or LNG. Dimethyl ether is not expected to be persistent in the environment and is not bio-accumulative.

Dimethyl Ether (DME) is used as an aerosol propellant which is used to help spray the vapour state paints or coatings from a pressurized container. This is anticipated to fuel the demand of Dimethyl Ether for manufacturing paints & coatings. The major factors favouring the growth of the Global Dimethyl Ether Market is growing demand of dimethyl ether in a wide range of application such as manufacturing paints and coatings, household fuel and transportation fuel among others. As the world is shifting towards clean and renewable energy, there are numerous investments on projects to utilize and cost optimize DME as an alternative fuel to LPG. DME is costlier than LPG, so it is blended with LPG as a fuel to save cost. DME possess no negative effect on environment.

Dimethyl Ether (DME) Market Competitive Analysis: Dimethyl Ether (DME) Market appears to be competitive with the presence of several large and small players operating in the Dimethyl Ether Market. These Key players compete based upon pricing, quality, Technology and reputation. Dimethyl Ether market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Dimethyl Ether Market strive to respond to the growing demand for Dimethyl Ether as an alternate fuel for LPG attributed to the recent talks by Volvo and Shell cooperate in developing LNG/DME fuels for heavy trucks. They ensure to deliver the best quality products based on innovative technologies, and best practices.

The main drivers behind interest from these industries are 1) the opportunity to create a higher value product from waste streams, 2) emissions regulations, and 3) landfill diversion regulations banning food and green waste from landfill disposal. Manufacturers focus on the monetization of wasted resources. The small-scale, modular process can convert various methane-containing feedstock to a higher value commodity.  The ability to monetize waste streams, whether stranded gas or food waste, to produce a clean burning fuel such as DME is an exciting proposition.

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Zinc Sulphate Market Outlook Update 2018 - Business Trends Regulations and Competitive Landscape to 2023

Zinc Sulphate Market

Zinc Sulphate Market Overview: Zinc Sulphate is used as a source of zinc in cases of zinc deficiencies. Zinc Sulphate is used in the form of dietary supplement to treat zinc deficiencies in human. It is used as a fertilizer and agricultural sprays to treat zinc deficiency in crops and improve soil nutrient value.

Zinc Sulphate is used in animal feeds to treat zinc deficiencies in animals. Besides application as a dietary supplement, zinc sulphate has several applications in chemical industry where it is used as a mordant in dyeing, electrolyte for zinc plating, coagulant in production of rayon (synthetic fibre), and clarifying glue and as a reagent for analytical chemistry. Zinc sulphate is also used as a preservative or protective agent for leather, wood and skin. It is used for water purification process, flotation process of mineral separation, bleaching paper, and electrode position. It is used as a raw material for manufacturing latex products, desulphurization process, and pigment lithopone zinc sulphate is an herbicide typically used for moss control.

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Zinc Sulphate Market Key Players:Zinc Sulphate Market are Midsouth Chemical, Changsha Latian Chemicals Co., Ltd, Rech Chemical Co. Ltd, Tianjin Xinxin Chemical Factory, Alpha Chemicals, Zinc Nacional, Ravi Chem Industries, Balaji Industries, Tianjin Topfert Agrochemicial Co., Old Bridge Chemical, Inc., China Bohigh, Changsha Haolin Chemicals Co., Ltd, Gupta Agri Care, Sulfozyme Agro India Pvt. Ltd., and Sigma-Aldrich, Inc.

Zinc Sulphate Market Segmentation: Zinc Sulphate Market is segmented based on type, application, and end-user industry.

On the basis of the type, the global zinc sulphate market can be segmented into-

Zinc sulphate anhydrous

Zinc sulphate monohydrate

Zinc sulphate hex hydrate

Zinc sulphate heptahydrate.

Zinc Sulphate Market Awareness: Zinc Sulphate (Zn) is an essential mineral for human, animal, and plant nutrition. Zinc can is also found naturally in the environment, foods, and water. It is an essential component of enzymes involved in metabolic reactions. Furthermore, it is essential for DNA repair and protecting against oxidative stress.

Zinc Sulphate is preferred over zinc oxide (ZnO) as a fertilizer because of its better solubility in water, low cost and suitability with all soil types will further boost the zinc sulphate demand in the agriculture industry. Besides this, other application areas such as chemical industry and water treatment are having a steady demand and are expected to remain the same. Zinc sulphate consumption is expected to increase in regions with zinc deficiency such as Africa, India, South America, and Australia.

Zinc Sulphate is an inorganic compound known by the formula ZnSO4. It is a colourless, odourless, and crystalline solid. Historically, it was known as white vitriol. It is easily soluble in water with its aqueous solution, being acidic and slightly soluble in ethanol and glycerol. It has non-oxidizing, non-flammable and non-combustible properties. It is hygroscopic and efflorescent in nature and is associated with four hydration states. Zinc sulphate is produced synthetically by combining zinc ash with aqueous sulphuric acid.

Zinc Sulphate Market Application: Zinc Sulphate accounted a strong growth of application in agrochemicals for fertilizers and animal feed supplements. It is applied on crops, especially pecans, deciduous fruits, peanuts, cotton, corn, and citrus, and added to feeds for cattle, swine, and poultry. In past few years, zinc sulphate fertilizer has gained at the expense of zinc oxysulfate, produced from steel furnace fly-ash. Fear of attendant undesirable heavy metals (e.g., chromium) resulted in some oxysulfate displacement in the fertilizer market.

Zinc Sulphate is a very versatile compound and has wide range of applications in various industries such as healthcare, pharmaceutical, agriculture, chemicals and others. Zinc sulphate is mostly used as a medicine in healthcare industries in order to prevent the zinc deficiency in a human body and diseases related to skin. In pharmaceutical industries, zinc sulphate is used to prepare medicines. Considering agricultural sector, it can also be used a major fertilizer for plant nutrition. The hydrates and heptahydrate which are primary forms and are mostly used for commercial purposes. Zinc Sulphates are like the zinc compounds which are utilized to control the moss growth of roofs.

Zinc Sulphate Market Regional Analysis: Zinc Sulphate Market is spanned across five regions: Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Geographically, Asia Pacific is estimated to lead the market share for zinc sulphate, followed by the Middle East & Africa, which is further trailed by Europe. In the Asia Pacific, South Asian countries like India, Bangladesh, Sri Lanka, Malaysia, Indonesia, and Papua New Guinea have a high prevalence of zinc deficient population is creating increasing demand for zinc sulphate. India with a high percentage of the population engaged in occupation relating to agriculture & farming owing to high infant mortality cases are taking steps to combat zinc deficiency in population by supplementing crops with zinc sulphate fertilizers, pesticides, and fungicide. However, consumption is expected to decline in China, in line with decreasing lithopone pigment production.

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Conductive Glue Market Prime Factors Analysis with Production, Revenue, Latest Development Trend and Key Manufacturers Analysis 2018

Conductive Glue Market

Conductive Glue Market Highlights: Conductive Glue Market size is expected to cross USD 8.11 Billion at CAGR of 11.2% by 2022.

Conductive Glue Market has seen a potential growth over the past few years and as per MRFR analysis, the global market will achieve higher growth during the forecast year. The global market for conductive glue is majorly attributed towards growing electronic industry. Along with this, the increasing need of conductive glue in in the applications such as surface mount devices, wire-tacking, potting and encapsulation, conformal coating has also mounted the demand. Surface mounting devices’ contribution to the global market is quite impressive and also making it a leading market in the application segment.

Conductive Glue Market Synopsis: Due to the toxicity concerns, every year about thousands of metric tons materials are discarded or replaced. Electrically Conductive glues are becoming increasingly common to replace solders in a variety of functions, applications and industries. There are increasing opportunities for Conductive Glues as these industries move towards curved screens, flexible displays, in-mould electronics, displays designed for automotive, and e-textiles, all of which have stringent requirements for conductive Glues. Isotropic Conductive Adhesives have a high loading of metallic fillers such as silver and must be carefully screen-printed or dispensed into discrete dots. They are reliable and compatible with reel-to-reel processing.

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Conductive Glue Market Key Players: Conductive Glue Key Players in this Market are: Henkel, 3M Company, Evonik Industries, Dow Corning, Mitsui Chemicals, LG Chemical, BASF SE, Alent PLC, Kyocera Chemical Corp, Indium Corporation and others.

Conductive Glue Market Regional Analysis: Based on geography, Asia-Pacific has accounted as the leading region in terms of value and volume. China’s contribution to the regional as well as global market is very much appreciated. Addition to this Japan and South Korea has also played a major role in the growth of APAC market.

Electrically conductive adhesives are in high demand in the Asia Pacific region owing to the presence of major electronics companies in the region. Also, growth of the electronics industry in Taiwan, China, Korea and Japan, among other countries is prompt. On account of this, the demand for electrically conductive adhesives is expected to increase and is expected to register healthy growth over the forecast period. Western Europe is expected to register stagnant growth over this time frame due to the economic slowdown in Europe. Demand for the conductive adhesive market in North America is expected to increase owing to growth in the solar industry where these conductive adhesives are most commonly used. Latin America and Middle East & Africa region are expected to register a sluggish growth over the anticipated period.

Conductive Glue Market Application: Conductive Glue Market has seen a significant growth over the past few years and it has been projected that the global market will keep on rising during the forecast period. Conductive Glue is particularly used in the automotive and transportation industry. The global Conductive Glue market is mainly driven by the growing electronic industry which in turn has increased the demand for Conductive Glue. The major factors behind the growth of global Conductive Glue market are increasing demand for electronic gadgets, growing application, technological advancements and others.

Conductive Glue or Conductive Adhesive is basically a glue that can be used for electronics, heat sinks, in chemical reaction or in a photochemical process. Depending upon its usage Conductive Glue or adhesives are characterized in four types; which are electrically conductive Glue/adhesive, thermally conductive Glue, Chemically Curing glue and UV Curing/ curing conductive Glue.

Conductive Glue is an Adhesive that is primarily used for electronics. Similarly, a thermal adhesive is a type of thermally conductive glue used for electronic components and heat sinks. Chemically curing glue/ adhesive is a reactive material that require chemical reaction to convert it from liquid (or thermoplastic) to solid. Once cured, this adhesive generally provides high strength, flexible to rigid bond lines that resist temperature, humidity, and many chemicals. Whereas, the Ultraviolet or UV curing adhesive is able to cure, solidify or harden only when it exposed to one source of ultraviolet radiation with an intensity and wavelength. UV cured glues are used in a wide variety of objects such as Watches, sunglasses, electronics devices, glass tables and even tooth fillings are made possible by the development and implementation of the ultraviolet-curing adhesives. Thermal adhesive can be available as a paste (similar to thermal paste) or as a double-sided tape. It is commonly used to bond integrated circuits to heat sinks where there are no other mounting mechanisms available.

Conductive Glue Market Competitive Analysis: A Well-established market of Conductive Glue appears to be highly competitive and fragmented owning to a large number of matured players along small Key players adorning it. Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position.

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Nutrition Chemicals Market In-depth study of the Market with growth factors, Uses, Applications, Key players, Trends and Forecasts

Nutrition Chemicals Market

Nutrition Chemicals Market Overview: Nutrition Chemicals are the specific group of organic or inorganic compounds used as an additive to boost the nutritious value of food. The nutrition is required by all the living beings such as human, plants and animals. Depending upon the product type nutrition chemicals are divided into animal, plant, food and others. Animal and plant nutrients chemicals products are used to improve dietary requirements of animals and plants. Animal nutrition chemical product includes organic acids, enzymes, vitamins, vacuum salts which prevents soil from over fertilizing, reduces environmental pollution and increase efficiency of food. While plant nutrition chemical includes nitrogen, phosphate, potassium, calcium, magnesium, sulphur, iron, copper and others.

The requirement of high quality in food products is leading to a rise in the demand for nutrition chemicals. Market reports linked with the chemicals and materials industry have been made available by Market Research Future who issues reports on other sectors that have been currently made available along with a report on this industry. The market is anticipated to mature at a significant CAGR while grossing substantial revenues in the duration of the forecast period.

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Nutrition Chemicals Market Key Players: The key players outlined in Nutrition Chemicals are: BASF, DOW Chemical, Vertellus, Evonik Industries, DUPont, TATA chemicals, FMC Corporation, Cognis, AIC, DSM and others.

Nutrition Chemicals Market Segmental Analysis: The segmentation of the market is segmented on the basis of product type, application, form, and region. By product type, the market is segmented into plant, animal, food, and others. On the basis of application, the market segmentation consists of agriculture, household, pharmaceuticals, food, cosmetics, and personal care. On the basis of form, the market is divided into Liquid and Powder. The regions that are a part of the market are Europe, North America, APAC and the rest of the world.

Nutrition Chemicals Industry Updates: June 2018 Dutch speciality chemicals maker DSM has recently announced that it has about 3 billion euros to devote on acquisitions to increase its nutrition business and uphold its profit growth. They are planning to expand their portfolio into the whole food and beverages area, where they can tap into opportunities in the consumer brands.

Nutrition Chemicals Market Application: Nutrition Chemical includes nitrogen, phosphate, potassium, calcium, magnesium, sulphur, iron, copper and others. All these chemicals act as booster for plants which are absorbed by roots to help them grow and provide food to humans and animals. Consumers demands for nutritious product for energy to build and maintain healthy diet. Humans uses micronutrients and macronutrients products to maintain health. The factors responsible for growth of these markets are wide application for manufacturer and consumer demand for diet health-based products, change in consumer preference as increase in disposable income. With turmoil price of raw material can hamper the market in forecasted years.

The protuberant factors favouring growth of this market are wider application and consumer base for manufacturer, surging consumer demand for dietary products, changing in consumption patterns wherein consumer is focusing over nutritional value. In addition to this, the rapidly increasing population has necessitated the production of nutrition rich food instead of high volume food with lower health value. However, the turmoil price of raw material can hamper the market during the years to follow.

The need to have a healthy diet that is rich in proteins is expected to boost the market growth considerably in the forecast period. Furthermore, animal and plant food sources also require to be enriched with nutrients to promote optimal growth and extract high yield from them. Additionally, the demand for micronutrients and macronutrients products is anticipated to promote market growth substantially in the forecast period.

Nutrition Chemicals Market Regional Analysis: The regional analysis of the market contains regions such as Europe, North America, APAC and the rest of the world. The North American region is dominating this market due to a large nutrition-based production for animals. The APAC market is developing due to countries like India which are increasingly dependent more on agriculture for food and other products. The European region is expected to show balanced growth in forecast period.

Nutrition Chemicals Market Competitive Landscape: Nutrition Chemicals is a rapidly growing market with significant presence of major players. The market is primarily driven by growing consumer awareness regarding health food and diet. Growth in foods and pharmaceuticals industry, along with the flourishing & personal care sector is fuelling the demand of the product.  BASF SE, DowDuPont, Vertellus, Evonik Industries AG, Tata Chemicals Ltd., FMC Corporation, Cognis  are the key shareholders in this market. Most of them are adopting the expansion and collaboration tactic of their production capacities to strengthen their market position. Remarkable growth of end use industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors operating in the global nutrition chemicals market. Considering these trends, the global nutrition chemicals market is poised to witness considerable competition over the forecast period of 2018-2022.

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Electronic Chemicals Market 2018 Overview by Key Finding, Scope, Top Impacting Factors, Investment Pockets, Drivers and Restraints

Electronic Chemicals Market

Electronic Chemicals Market Introduction: Electronic Chemicals Market is expected to be worth USD 63 Billion in 2022 and will grow at the CAGR of 6.9% from 2018 to 2022.

Electronic Chemicals Market has been evaluated to be rapidly growing and is expected to grow tremendously. The global market for IC process chemicals is expected to grow at average annual growth rate approximately 6.5% in 2016.

Electronic Chemicals had an approximately 18.5% drop in the year 2009. With 55% of aggregate chemical consumption semiconductor represented the biggest share in 2016. Utilization of gasses utilized as a part of the semiconductor business is relied upon to develop by around 6% all things considered yearly through 2016.

Electronic Chemicals Market Key Players: Electronic Chemicals Market are: Albemarle Corporation, BASF SE, Air Products and Chemicals, Inc., Ashland Inc., The Dow Chemical Company, Covestro AG, The Linde Group, Cabot Microelectronics, AZ Electronic Materials, Huntsman Corporation and others.

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Electronic Chemicals Market Segmentation: Electronic Chemicals Market is majorly segmented on the basis of form and by applications. Based on form the market is segmented into Solid, Liquid and Gaseous. Further on the basis of applications the market is classified into semiconductor & IC, PCB and others.

This study was conducted by combining primary and secondary information including inputs from key participants of the industry. The report contains detail about the market as well as vendors of the same including vendors currently present along with SWOT analysis of key vendors.

Electronic Chemicals Market Regional Analysis: Asia Pacific region is expected to maintain its dominance in the global market of electronic chemical. Emerging markets of China, South-Korea, Japan and India are expected to boost the Asia Pacific electronic chemical market. Other emerging markets are ROW. Asia Pacific has the largest market share of global electronic chemical, followed by Europe and other parts of the world.

The largest market of electronic chemicals is in Asia-Pacific owing to the growth of electrical, automobile industry. Rapid industrialization in countries like China, India and Mexico contribute further in the growth of this market. The demand for electronic chemicals in North America is anticipated to grow at a sluggish rate during the forecast period primarily owing to market saturation in several application industries. Moreover, increasing number of environmental regulations is expected to hamper market growth in North America and Europe. Row is anticipated to be the fastest growing region for electronic chemicals market for the forecasted period. High growth in the developing economies of South America and Africa is anticipated to drive demand for electronic chemicals in the Row region.

Electronic Chemicals Market Opportunities: The market is classified and analysed on the basis of geographical segmentation which includes Americas, Europe, Asia-Pacific, Middle East and Africa. Out of these, Asia-Pacific accounts for the largest share in the electronic chemical market and uses high energy due to industries like electrical & electronics industries. North America is anticipated to grow at a sluggish rate during the forecast period primarily owing to market saturation in several application industries. Moreover, increasing number of environmental regulations is expected to hamper market growth in North America and Europe. Row is anticipated to be the fastest growing region for electronic chemicals market for the forecasted period. High growth in the developing economies of South America and Africa is anticipated to drive demand for electronic chemicals in the Row Region.

As semiconductor many-sided quality expands, the quantity of process steps and number of layers develop as gas-stage carving and cleaning uproot some wet procedures. Around 55% of aggregate utilization by esteem was represented by air gasses (mass and barrel); the remaining 43% included the specialty gases silane and its derivatives, dopants and etchants, cleaners and reactants. The global gas market for the semiconductor industry is dominated by Air Liquide, Air Products, Linde Nippon Sanso and Praxair. A variety of other companies are niche players and supply gas specialties (fluorinated compounds, dopants, and low- and high-k dielectric precursors).

Development in the utilization of IC process chemicals is driven by increase in introduced fab capacity—which has drastically increased in the course of recent years, with the main part of the new limit at the 45–180 nm nodes—and processed silicon wafer surface zone, and in-addition by more costly chemicals consumed by the new innovation nodes. Expanded innovation productivity gave by the semiconductor hardware industry is prompting to lower material use per silicon wafer surface zone, while in the meantime well-demonstrated and develop product offerings from photoresists, wet process chemicals, environmental gasses, CMP slurries and sputtering targets encounter serious value weights.  

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Lubricant Additives Market Research: The Overall Growth in the Market Is Mainly Driven by Increased Research in Chemical and Material Fields

Lubricant Additives Market

Lubricant Additives Market Introduction: Lubricant Additives Market is expected to grow to USD 17.1 Billion in 2022 growing at the CAGR of 3.2% since 2018 and is expected to continue till 2022.

Lubricant Additives are used to improve the performance, enhance efficiency and protect engine; due to these functions lubricant additives are utilized in various industries. Growth of the automobile industry, low cost of production along with, various base oil (petroleum oil, synthetic oil and vegetable oil) used in preparing lubricant additives are some of the drivers of this market. However, economic restraint and high drain intervals for high grade lubricants will hinder the market growth.

Lubricant Additives Market Key Players: Lubricant Additives Market are: BASF SE, Chemtura Corp., Chevron Oronite, Croda International, Evonik Industries, Infineum International, Lubrizol Corp, Shamrock Shipping & Trading Limited, Tianhe Chemicals, Afton Chemical Corporation and others.

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Lubricants is the reduction of friction and wear and in some case reduces relative movement of two bearing surfaces possible only with its presence. At times when saving energy & resources along with cutting emission becomes central environmental matters; lubricants are increasingly attracting public awareness due to their properties. Stringent environmental regulations regarding permitting carbon emission in atmosphere and increasing sales of automotive industry specially passenger car that has high performance and long service intervals are driving this market. However, fluctuation in price of raw materials such as calcium carbonate, zinc metal, and crude oil will hinder the growth of the market.

Lubricant Additives Market Segmentation: Lubricant Additives Market is majorly segmented on the basis of by type and by application. Based on type the market is segmented into surface protective additives, performance enhancing additives and lubricants protective additives. On the basis of application, the market is classified into automotive and industrial. Automotive is future sub-segmented into heavy duty motor oil passenger, car motor oil and industrial is sub-segmented into industrial engine oil and metal working.

Lubricant Additives Market Regional Analysis: Geographically, Asia Pacific emerged as the largest market for lubricant additives followed by North America and Europe in 2018. The Asia Pacific region accounted for largest market share of lubricant additives market in 2018 and is estimated to retain its dominance over the forecast years due to increasing demand from automotive and various industrial sector specifically in China, India, Japan, Vietnam, Thailand, Taiwan, and South Korea. In addition to this, the growth of Lubricant Additives is largely driven by development fuel efficiency norms combined with increasing environmental concerns about carbon emission in developing economies. Moreover, economic growth in this region along with industrialization has enabled greater production and sales of lightweight and heavy-duty vehicles. Furthermore, increased investment by key operating players in their R&D activities and shifting of lubricant additives production units as well as significantly increasing end use industries in this region is estimated to drive the lubricant additives regional market growth.

North American market is predicted to witness steady growth due to increasing demand from automotive sector. In North America, U.S. and Canada are among the major contributor in the regional market growth owing to the rising sale of passenger vehicles as well as growing tendency for possession of individual vehicle. Europe is predicted to witness moderate growth due to growing automotive production and sales in various countries such as Germany, Italy, UK, France, and Spain. Middle East & African market is estimated to register above average growth owing to increasing industrial set up specifically in Qatar, Turkey, the United Arab Emirates, Oman, and Saudi Arabia. Latin American countries such as Brazil and Mexico are expected to register moderate growth due to strong consumer base for automotive industry.

Lubricant Additives Market Growth / Application: Lubricant oil comprises of a base stock blended with various additives to enhance performance and maintain the same due to which lubricant additives is used majorly in automotive and various industries specifically heavy-duty motor oil, passenger car motor oil, industrial engine oil and metal working fluids. Various functions of lubricant additives such as enhancement of performance and efficiency, reduction in wear and tear of materials and metals, lower toxicity along with low cost, change in legislative and environment regulations, technology development in marine and automotive industries are some of the drivers of this market.

Lubricant Additives are predominantly added to lubricants to enhance specific favourable properties.  Lubricant Additives market is predicted to witness moderate growth due to its significant usage in automotive & industrial sector. Among application segment, industrial lubricant is expected to register strong growth in the near future on account of improving and modernizing manufacturing process in numerous end use industries. Furthermore, growing per capita disposable income has led to increase the demand for passenger cars among the middle-class population in developing countries which in turn opened the new avenues for the product market over the forecast period.

The market is expected to grow significantly over the forecasted period. Lubricant oil comprises of a base stock blended with various additives to enhance performance and maintain the same due to which lubricant additives is used majorly in automotive and various industries specifically heavy-duty motor oil, passenger car motor oil, industrial engine oil and metal working fluids. Various functions of lubricant additives such as enhancement of performance and efficiency, reduction in wear and tear of materials and metals, lower toxicity along with low cost, change in legislative and environment regulations, technology development in marine and automotive industries are some of the drivers of this market.

Lubricant Additives Market Competitive Landscape: Lubricant Additives report analyses the degree of competition among the major players as well as industry growth and market scenario. The global lubricant additives market includes various players operating in the market which comprised of large scale and medium size producers. The important market players operating in the global lubricant additives industry is focusing towards growth association specifically by Asia Pacific as medium scale and small-scale producers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan. Furthermore, the company is focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their production capacity of lubricant additives to meet the increasing demand for lubricant additives.

Lubricant Additives Market is segmented on basis of application namely, automotive and industrial. The application of Lubricant Additives in automotive industry is maximum owing to increasing sales in the automotive industry especially in emerging countries.

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Petrochemicals Market

Petrochemicals Market

Petrochemicals Market Abstract: Petrochemicals Market is expected to witness significant growth with a CAGR of 6.7% over the forecast period to 2023 and reach USD 1075.19 Billion during period by Forecast to 2023.

Petrochemicals are basically petroleum products derived from hydrocarbons. Some other chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal, or natural gas, or renewable sources such as corn or sugar cane.

Petrochemical is mainly classified into two type’s olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Both of these are produced in oil refineries by fluid catalytic cracking of petroleum fraction. Olefins produced by steam cracking of natural gas liquid such as ethane and propane, whereas aromatics are produced by catalytic reforming of naphtha.

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Petrochemicals Market Key Players: Petrochemicals Market are: BASF SE, ExxonMobil Corporation, The Dow Chemical Company, Shell Chemical Company, SABIC, Sinopec Limited, Lyondell Basell Industries, Total S.A., Sumitomo Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and Company.

Petrochemicals Market Segmentation Analysis: Petrochemicals Market is majorly segmented on the basis of product, application and by region. Market segmentation on the basis of products includes Methanol, benzene, xylene, toluene, ethylene, propylene, butadiene, vinyl styrene. Moreover, Ethylene is the leading product segment and accounted for 30% overall market volume in 2016. Abundance and low-cost ethane availability has made this segment most dominant.

Furthermore, propylene is the prominent segment in terms of value and accounted to bench mark in USD Billion in 2016. Owing to major utilizations in production of variety of chemicals including propylene oxide, acrylonitrile, cumene, butyraldehyde and acrylic acid have made propylene dominant segment in terms of revenue. Methanol product segment projected to be the fastest growing segment over the forecast period of 2018 to 2023. As growth of methanol is directly related to its increasing usage in gasoline blending and methanol to olefins processes.

On the basis of application market segmented into adhesives, polymers, paints and coatings, dyes, surfactants, rubber, plastics, and solvents. Based on the regions market is segmented into North America, APAC, Europe, Latin America and Middle East and Africa.

Petrochemicals Market Regional Analysis: Asia Pacific is the dominating market for petrochemicals and accounted for over 50% of market shares in terms of volume followed by North America and Europe in 2015. China and India collectively led the APAC petrochemical market and will contribute majorly in the dominance of this region throughout forecast period. Favourable government regulations in China as well other counties across APAC likely to encourage growth in this market. Owing to increasing urbanization coupled with rapid industrialization has made china leading contributor in the growth of APAC market by accounting 25% regional shares in terms of volume.

In addition, increasing demand from countries such as, Indonesia, Thailand, and Vietnam is anticipated to boost consumption in Rest of Asia Pacific market. India expected to register progressive growth over the forecast period. This is due to initiatives such as PCPIR (Petroleum, Chemical and Petrochemicals Investment Region) by Indian government to promote petrochemical infrastructure in the country giving subsidies.

Petrochemicals Market Opportunities: Petrochemicals are basically petroleum products derived from hydrocarbons. Some other chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal, or natural gas, or renewable sources such as corn or sugar cane. Petrochemical is mainly classified into two type’s olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Both of these are produced in oil refineries by fluid catalytic cracking of petroleum fraction. Olefins produced by steam cracking of natural gas liquid such as ethane and propane, whereas aromatics are produced by catalytic reforming of naphtha.

Petrochemicals Market Application: Petrochemicals are used in various end user industries ranging from manufacturing to consumer goods. However, they are most commonly used in adhesives, polymers, paints and coatings, dyes, surfactants. The global petrochemical market is expected to be driven by rising demand for petrochemicals in major end-user industries linked with favourable operating conditions, especially in the Middle East and Asia Pacific over the forecast period. Moreover, Demand for bio-based chemicals is increasing due to growing consumer awareness as we all benefits associated with their usage. Consequently, investment in bio-based chemicals in public and private sector is likely to increase in near future and will hamper the growth of petrochemical market globally. Simultaneously. Volatility in prices of crude oil & natural gas is anticipated to hinder market growth. Alternatively, rising shale gas discoveries, primarily in North America is benefitting petrochemical producers, since shale gas is considered a substitute feedstock that is used in the manufacture of petrochemicals.

Petrochemical such as ethylene, styrene, and butadiene have registered considerable amount of usage in rubber, plastics, and solvents production and hence expected to give additional drive the Petrochemical market. Overall, Asia Pacific Petrochemical demand is likely to witness significant growth over the forecast period. Over the past few years, the region has emerged as the largest exporting hub of petroleum products and this trend is expected to remain continue over near future. Huge development of the transport and electrical sectors in the region on account of increasing trade activities along with use of technological advancement by consumers is expected to drive demand of Petrochemical market in the region.

Petrochemical Market Competitive Analysis: Petrochemicals Market appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Key feedstock suppliers have integrated their operations forward to produce petrochemicals via extraction and refining of crude oil. Emerging manufacturing processes have resulted in raw material replacement, shifts in the ratio of coproduces, and cost. Which has resulted in to a supply/demand imbalance, particularly for smaller downstream petrochemical derivatives. Also, growing environmental concerns and higher crude oil prices have expedited the development and commercialization of renewably derived chemical products and technologies previously considered economically impractical.

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Cold Insulation Market

Cold Insulation Market

Cold Insulation Market Overview: Cold Insulation is projected to grow at a CAGR of about 7.8% during the forecast period.

Cold Insulation Market is increasing with the rapid growth; mainly due to the flourishing oil & gas industry. According to a recent study report published by the Market Research Future.

Cold Insulation materials are extensively used in the air conditioning applications (HVAC) to maintain cooling and humidity control in residential and non-residential properties, and public transport. Cold insulation materials possess low thermal conductivity, high levels of shear and compression strength, low density and light weight, and strong adhering properties.

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Cold Insulation Market Key Players: Cold Insulation Market Key Players profiled and analyzed in this market research report are: BASF SE, Bayer Material Science, The Dow Chemical Company, Evonik Industries, Dongsung Finetec Corporation, Fletcher Insulation Group, and Huntsman Corporation, The pioneer companies in this business are already taking efforts to increase their global presence by taking strategic decisions like expansion in different countries, entering into joint ventures, finding distributors to strengthen the supply chain network globally.

Cold Insulation Market Segments: The market has been majorly segmented on the basis of Type which includes segments Fiber Glass, Polyurethane foam, Polystyrene foam, Phenolic foam and others. Others category in this segment include aerogel, nitrile rubber, cellular glass, and perlite as the major contributing markets. The market for cold insulation is also categorized on the basis of Application into major end-users namely, oil & gas, chemicals, refrigeration, HVAC, and others. Other end-users of this market majorly include insulation applications for rocket fuel handling, medical applications, and biological applications.

Cold Insulation Market Key Findings: Rising energy prices, strict government laws for energy efficiency, rising environmental concerns about carbon dioxide emissions are the chief growing drivers for the insulation market

A major restraint for this market is the health hazards caused due to improper material handling

Asia-Pacific market is expected to experience the fast growth as compared to other regions within the cold insulation market

Cold Insulation Market Regional Analysis: Globally, Europe holds the largest share within the Cold Insulation market, on account of factors such as to strict laws by government on sustainable materials, energy savings guidelines and Greenhouse gas emissions guidelines. Asia-Pacific holds the second largest share within the cold insulation market. It is also expected to be fastest growing market; It is projected to grow at a CAGR of % and is expected to reach at USD Million by the end of the forecast period.

Cold Insulation Market Application: Cold Insulation materials such as polyurethane, phenolic and polystyrene foams are costlier, but they are capable to deliver high performance for long run purposes. These high value-added products widely used to insulate industrial pipelines, tank stands in oil & gas, and LNG containers. Cold insulation is used in end use industries such as HVAC, oil & gas, refrigeration, and chemicals.

Cold Insulation is driven by the region Asia pacific, owing to the rise in the demand for storing and transporting petroleum end products via pipelines, road, and water. Petroleum end products such as LNG, ethylene, CO2 and other cryogenic media resulting in to increasing demand for cold insulation materials.  

Cold Insulation refers to low temperature application insulation methods used in industries such as oil & gas, chemicals, food & beverage, and refrigeration. It is applied over processing lines such as pipes, ducts, tanks, fittings, and valves to reduce operational costs and increase process efficiency. A huge amount of insulation material demand will be seen in future due to increasing applications for food storage, chemicals storage, LNG storage and some amount of cryogenic medical applications.

Cold Insulation Market Competitive Analysis: Cold Insulation Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the Cold insulation Market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for cold insulation materials in oil & gas and HVAC industries will influence the end user products from these industries. Cold insulation market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.

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Extruded Plastics Market

Extruded Plastics Market

Extruded Plastics Market Introduction: Extruded Plastics Market is expected to grow at USD 280 Billion in 2022 with the CAGR of 4.9% from 2018 to 2022.

Extruded Plastics Market has been evaluated to be rapidly growing and is expected to grow tremendously. Benefits like low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in packaging of food products which has increased its market globally. With numerous usage of extruded plastics, the global extruded plastics market is expected to increase in future. Moreover, increasing demand in construction industry owing to the rising surge for plastics is another factor that drives the global extruded plastics market growth over the forecasted period 2022.

Extruded Plastics Market Key Players: Extruded Plastics Market are: AEP Industries Inc., Arkema S.A., Bemis Company, Inc., Berry Plastics Corporation, Chevron Phillips Chemical Company, The DOW Chemical Company, E. I. Du Pont De Nemours and Company, Engineered Profiles LLC, Sigma Plastics Group and Saint-Gobain S.A.

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Extruded Plastics Market Uses: Extrusion Plastics is the packaging industry. The packaging segment includes mainly includes films, bags & sacks, shrink and stretch films. The packaging segment films includes the majority of films used for foodstuffs, but also films for non-food applications such as packaging for cosmetics, hygiene products, textiles, stationary, and among many others. The market for packaging films profits especially from a persistent trend towards flexible packaging solutions in many segments. In-addition to a reduction of weight and resource consumption. A trend towards smaller package sizes and a growing market for flexible packaging in the sectors hygiene and pharmaceuticals will nonetheless result in growth in the upcoming years as well.

Extruded Plastics Market Regional Analysis: Asia Pacific region is expected to maintain its dominance in the global market of extruded plastic. Emerging markets of China, Japan and India are expected to boost the Asia Pacific folic acid market. Other emerging markets are North America, Europe and Middle East countries. Asia Pacific has the largest market share of global folic acid, followed by Europe and other parts of the world.

Extruded Plastics is in Asia-Pacific owing to the growth of electrical, construction and automobile industry. Rapid industrialization in countries like China, India and Mexico contribute further in the growth of this market.  Moreover, low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in food packaging products particularly in China, India and japan which will further drive this market in the coming years. Robust growth of plastic and automotive industries in Asia-Pacific is expected to be largest consumer of extruded plastics market. It is seen that North America is the second largest consumer of extruded plastics due to the changing trends in the automobile industry there.

This study was conducted by combining primary and secondary information including inputs from key participants of the industry. The report contains detail about the market as well as vendors of the same including vendors currently present along with SWOT analysis of key vendors.

Extruded Plastics Market Application: Extruded Plastics Market has been segmented into low density polyethylene, high density polyethylene, styrene, and others. Styrene is expected to grow at the CAGR during the forecasted period. Low density polyethylene segment dominated the market in 2017 as it one of the most versatile flexible packing materials that can be formulated for several packaging applications.

Extruded Plastics is growing rapidly due to its wide application in industries like electrical & electronic, automobile and consumer goods. Drivers of this market are low feedstock and rise in energy price that tends to reduce the overall cost of extrudes. In-addition to this an innovation in extruded plastics utilized in medical and agriculture market will further fuel the growth of this market. The styrene segment is expected to grow at the CAGR during the forecast period. Low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in food packaging products. In addition, styrene is an inexpensive thermoplastic resin used in appliances, toys, construction applications and others. Styrene finds applications in food and non-food packaging as well as in consumer products such as frames, cable ducts, tubes and others.

Extruded Plastics to be utilized in medical and agriculture market will fuel this market. The polystyrene segment is expected to grow tremendously at the CAGR during the forecast period. Low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in packaging of food products. In addition to this, polystyrene is an inexpensive thermoplastic resin to be used in, toys, construction and others. Polystyrene finds applications in food/non-food packaging, and in consumer products such as frames, cable ducts, tubes, sale displays/signage, containers, bottles, trays, tumblers, disposable cutlery and others.

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Surfactants Market

Surfactants Market

Surfactants Market Overview: Surfactants are compounds that are used to lower the interfacial tension between liquids, gases, and solids. These compounds also act as wetting agents, emulsifiers, foaming agents, detergents, and dispersants. Surfactants are organic compounds that contain hydrophilic and hydrophobic groups. These compounds are classified mainly into four type’s namely cationic surfactants, non-ionic surfactants, anionic surfactants and amphoteric surfactants. The properties of surfactants such as wettability, emulsion, dispersion, and stabilization among others pave their way into many end-user industries.

The growing demand from the end-user industries are major factor contributing to the growth of the market. The major end-user industries include homecare and personal care, oil and gas, agriculture, paints & coatings and construction among others. Moreover, the growing demand for biosurfactants owing to the stringent government regulations is anticipated to be a major opportunity in the growth of the market.

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Surfactants Market Key Players: Surfactants Market Players are: Akzo Nobel N.V (Netherland), Air Products and Chemicals Inc (U.S.), Clariant AG (Switzerland), E. I. Du Pont De Nemours & Co (U.S.), Evonik Industries AG (Germany), Huntsman Corporation (U.S.), KAO Corporation (Japan), Solvay (Belgium), Stepan Company (U.S.) and Galaxy Surfactants Ltd. (India) among others.

Surfactants Market Segmental Analysis: Surfactants Market is segmented into product type and application. On the basis of the product type, the market is segregated into cationic surfactants, non-ionic surfactants, anionic surfactants, amphoteric surfactants, and others. The market by the application is further categorized into homecare & personal care, industrial and institutional cleaners, food processing, oil field chemicals, agricultural chemicals, textiles, emulsion polymerization, paints & coatings, building & construction, and others.

Surfactants Market Regional Analysis: Surfactants market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is the leading region of the market and is expected to grow with an encouraging CAGR. Growing population coupled with increasing purchase power parity in the developing nations are primarily driving the growth of the surfactants market. Moreover, the burgeoning retail sector in the region coupled with the penetration of smartphones has made the availability of consumer goods easier, which, in turn, is surging the market growth. The homecare application is the largest applications of surfactants accounted for a market share of over 30%. The growing purchasing power in the region has propelled the demand for home care and personal care products mainly in China and India.

North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of the developed end-user industries is expected to augment the need for surfactants, especially in Canada and the U.S. Moreover, the recent shale gas boom has augmented the exploration and production activities mainly in the U.S.

The European region is expected to show steady growth during the forecast period. The developed electronics and personal care industry in the region is the major factor driving the growth of the market. Moreover, the developed automobile industry in the region has expected to boost the demand for surfactants owing to its applications in paints and coatings industry. Furthermore, the growing demand for processed food is also expected to contribute to the growth of the market owing to its use as food emulsifiers.

Surfactants Market Application: Surfactants are widely used in the applications such as paints and coatings, textiles, institutional cleaners, food processing and agricultural chemicals among others. The global surfactants market is spanned across five regions of the world namely, Latin America, Asia Pacific, North America, Europe and the Middle East & Africa. The Asia Pacific region leads the global market and is projected to continue leading owing to the growing urbanization and industrialization in the developing countries of the region. India and China are major contributors to this growth of the region. The presence of the most populated countries has augmented the construction and automotive sector, which is expected to boost the market growth during the forecast years.

Surfactants in 2018 and is estimated to retain its dominance during the assessment years due to growing demand from agriculture, paints & coatings, textiles, and construction sector. In addition, the demand for surfactants is predicted to surge in various countries of Asia Pacific such as China, India, Japan, Vietnam, Malaysia, Thailand, Taiwan, and South Korea because of increasing construction activities as well as high adoption rate from numerous end use industries.

Surfactants has found numerous application such as in Household detergents, Toiletries/personal care, Industrial and institutional cleaning, Textiles, Pulp and paper and in Others including polymers, paints and coating, leather, oil field chemicals, agro-chemical formulations, etc. Surfactants are gaining huge traction in the current time, owing to its wide range of applicability especially, and its huge demand in the industrial applications. Surfactants value chain and the interplay between oleo chemical and petrochemical routes. Indeed, the prices of fats and oils have also declined in 2016—however, not to the same extent as for crude oil.

Surfactants are those products which are used to reduce the surface tension between two liquids. These are predominantly utilized in numerous applications such as agriculture, personal & household, textiles, food processing, oilfield chemicals, and others.

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Flame Retardants Market

Flame Retardants Market

Flame Retardants Market Abstract: Flame Retardants Market are chemicals added to materials, such as plastics, textiles, coatings, and others to prevent or retard ignition and increase their fire safety. The global flame retardants are estimated to witness a healthy growth at a CAGR of 5.86 % during the forecast period of 2018 and 2022.

Flame Retardants are chemicals which are added to many materials to increase their fire safety it has reduced the devastating impact of fires on people, property and the environment. They are added to or treat potentially flammable materials, including textiles and plastics.

Increasing in demand of plastic Industry and new regulation to improvement safety towards are the main drivers of flame retardants market. In addition, Flame retardants has a toxicity issue at the time of flame retardant production process which could affect the market near future.

Enactment of regulations such as the proposed TB 117 by California in 2013, which require fabric, covered furniture to meet a smoulder test and to eliminate the foam flammability standards has resulted in a rush to include flame retardants in furniture.

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Flame Retardants Market Key Players: Flame Retardants Market are: BASF SE (Germany), Albemarle Corporation (US), Chemtura Corporation (US), The Dow Chemical Co (US), Clariant International Ag (Switzerland), Akzo Nobel NV (Netherlands), China Antimony Chemicals Co. Ltd (China) and others.

Flame Retardants Market Segmentation: Flame Retardants Market is majorly segmented on the basis of types, application, end users and region. Based on types of flame retardants market is segmented into brominated, phosphorus, nitrogen, chlorinated, metal hydrate and others. Based on application of flame retardants the market is segmented into plastics, fabrics, cable and wires, polyurethane foam, and others. Based on end user the market segmented into transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others.

Flame Retardants Market Regional Analysis: Asia Pacific is the largest market of flame retardants due to demand in various applications such as plastics, fabrics, cable and wires, polyurethane foam, and others followed by increasing the growth of flame retardants market in North America region. The third largest market of flame retardants is Europe. Latin America and Middle East also witnessed in growth of flame retardants market due to various application such as transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others.

Flame Retardants Market Competitive Landscape: Flame Retardants Market has observed a significant growth in the market due presence of major industries such as Albemarle, ICL, Chemtura, Clariant, Ital match Chemicals, Huber Engineered Materials, BASF SE, Thor Group Ltd., Lanxess AG and DSM. These players compete with each other’s on quality, price, and composition. They are widely used in construction, oil & gas industries as it provides thermal resistance and safety to the product. The continuous innovation and technological advancement have boosted the fire-resistant materials in the market.

Flame Retardants Market Application: Flame Retardants are found in various applications such as plastics, fabrics, cable and wires, polyurethane foam, and others. Increasing in demand for building and construction, electronics and transportation industries will boost the market of flame retardants. Substitutes such as magnesium hydroxide (MDH) for flame retardants might hamper the global flame-retardant market. Increasing in demand of plastic Industry and new regulation to improvement safety towards are the main drivers of flame retardants market. In addition, Flame retardants has a toxicity issue at the time of flame retardant production process which could affect the market near future.

Flame Retardants in the industry and anticipated to continue its rising growth over the assessment period. Epoxy resins and polyolefin are the most used advanced coatings in the industry as they offer extraordinary high flame-retardant flame capacity and used as a coating in the end-use industries. The use of fire resistant materials in construction industry is expected to grow in the coming years due to its insulation ability offered by the product. Additionally, the growing investments and rise in the disposable income have resulted into a notable growth in the market in the last couple of years.

Flame Retardants are coatings used for protection from hazardous impact of fires on human beings, equipment and environment. It has excellent recyclable and thermal resistant properties. The market has driven by the growing consumption of fire resistant materials in electrical & electronics and automotive industries. These factors have led the major manufacturers and investors to adopt these materials in end-use industries. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2022).

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Synthetic Lubricant Market 2018 - Business Opportunities, Trends, Share, Size by 2023 | MRFR

Synthetic Lubricant Market

Synthetic Lubricant Market Abstract: Synthetic Lubricant Market is expected to witness a significant growth of USD 39.34 Billion by 2023 with CAGR of 3.2% between by 2023.

Synthetic Lubricant Market are growing demand from automotive industries in addition, the increasing demand from the automotive, power & energy, construction industry and rising use as an alternative to mineral oils is anticipated to fuel market growth of synthetic lubricants in near future. The only restrains of synthetics lubricants market is their high rate which is more than 2-times of mineral oil.

Synthetic Lubricant have features such as low pour point, low volatility, rust & corrosion inhibitors, thermal & oxidative stability, hydrolyse under high-temperature, and high-moisture conditions due to this feature synthetic lubricant highly demand in various end user industries applications such as engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others.

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Synthetic Lubricant Market Key Players: Synthetic Lubricant Market are: Exxon Mobil Corporation (US), The DOW Chemical Company (US), Fuchs Petolub SE (Germany), Total Lubricants (Europe), Demitsu Kosan Co. Ltd (Japan), BP PLC (US), Chevron Corporation (US), Lubrizol Corporation (US), Pennzoil (US), Petroliam Nasional Berhad (Malaysia), and Others.

Synthetic Lubricant Market Segment Analysis: Synthetic Lubricant Market is majorly segmented on the basis of types, application, end users and region. Based on types of synthetic lubricant the market is segmented into silicones, esters, polyalphaolefin (PAO), polyalkylene glycol (PAG), and others (alkylated aromatics, Polybutene’s). Based on application of synthetic lubricant the market is segmented into engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others (compressor oils, gear oils, synthetic greases oils). Based on end user the market segmented into automobile, construction, power & energy, mining, oil & gas, food processing, and others (turbines, vacuum pumps, soap & paint industries). Furthermore, based on region, market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

Industry/ Innovation/ Related News: March 2017- Petronas Lubricants announced that the company has launched motorcycle lubricant named as Petronas Sprinta with Ultraflex. With this product launch the company will be able to meet the increasing demand for synthetic lubricant.

June 2017- KLONDIKE Lubricants Corporation launched Synthetic Nano Grease in Canada. This product launch will strengthen company’s position among the lubricant manufacturers.

June 2017- ExxonMobil, one of the leading manufacturer of lubricants announced that the company completed its expansion project in Jurong to raise the manufacturing of grease and synthetic lubricants. With this expansion, the company strengthen its manufacturing capabilities and will be able to meet the increasing demand for grease and synthetic lubricants products in Asia Pacific region.

September 2017- GP Petroleum’s, a subsidiary of Petrochem Group launched Repsol’s synthetic motorcycle oils in India. With this product launch the company is planning to expand its footprint in the Asia Pacific region.

May 2016- Petro Choice, one of the leading provider of lubrication solution acquired Universal Lubricants’ new oil business. With this acquisition the company added 15 distribution locations, this helps the company to expand their geographic reach and solidifies its position as the largest bulk lubricant distributor in the United States.

May 2016- JX Nippon Oil & Energy announced two distribution partnership to expand its reach in the different location of U.S. The company main focus is to meet the increasing demand for synthetic lubricant.

Synthetic Lubricant Market Application: Synthetic Lubricant are predominantly utilized in numerous end use industries such as construction, power & energy, mining, oil & gas, food processing, automobile, and others. Synthetic Lubricant market is expected to witness healthy growth due to increasing construction activities and oil & gas activity across the globe.  Among end user segment, automobile is predicted to register healthy growth in the near future due to increasing automotive sales along with increasing consumption of synthetic lubricants. Moreover, increasing construction activities in developed and developing countries is estimated to drive the market growth.

Synthetic Lubricant has found in various applications such as engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others. Increasing in demand of automotive is likely to drive the global synthetic lubricant market growth. The growing automobile, construction and power & energy industry on account of developing domestic as well as commercial market particularly in Asia-Pacific, North America and in Europe region has boosted the global synthetic lubricant market over the forecasted period.

Synthetic Lubricant consisting of chemical compounds which are artificially made, it is used as alternative for petroleum-refined oils when working in high temperature. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials.

Synthetic Lubricant Market Regional Analysis: Synthetic Lubricant Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific synthetic lubricant market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific synthetic lubricant market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such as automobile, construction, power & energy, mining, oil & gas, food processing, and others in countries like China, India, Indonesia, and Malaysia is predict to drive demand over the forecast period.

North America global synthetic lubricants led due to the US and Canada countries end user industries Ester based synthetic lubricants are expected to witness significant gains in terms of volume over the forecast period. Growing application of ester synthetic lubricants in aerospace engines on account of providing high thermal stability is expected to have a positive impact on the industry. Positive aerospace industry outlook in U.S. is expected to increase in demand of aerospace engine which in turn will increase the demand for global synthetic lubricants markets.

Synthetic Lubricant Market Competitive Landscape: Synthetic Lubricant report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global synthetic lubricant market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global synthetic lubricant industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan. Moreover, the major operating players are focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their manufacturing capacity of synthetic lubricant to meet the growing demand for synthetic lubricant. Furthermore, some of the manufacturers has launched a series of product to strengthen their position in the market.

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