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Welding Consumables Market is anticipated to rise at a 4.3% CAGR over the forecast period of 2017 to 2023
The U.S. welding consumables market is anticipated to witness a healthy growth in the years to come, according to researchers at Transparency Market Research (TMR). The U.S. market for welding consumables is comprised of a number of vendors vying to gain the top market spot. The market features fervent competition among the existing and established players. The vendors in the market are seen focusing on product innovation supported by extensive research and development activities in order to achieve a unique and valued product portfolio. Manufacturers are employing the latest technological innovation, and new grades of welding equipment, to differentiate their product from the competition and gain the attention of the users.
Leading players in the U.S. welding consumable market include llinois Tool Works Inc., Welding Alloys Group, voestalpine Böhler Welding GmbH, The Lincoln Electric Company, Air Liquide S.A., and ESAB.
The U.S. welding consumables market is anticipated to rise at a 4.3% CAGR over the forecast period of 2017 to 2023. The market was estimated to stand at US$2,719.1 mn in 2017, and is anticipated to reach US$ 3,510.5 mn by the end of 2023. Among the different product types, flux-cored wires is anticipated to be a key segment in the U.S. welding consumables market.
High Construction and Manufacturing Activities to Propel Growth
The U.S. welding consumables market is expected to gain by the region’s recovery from the economic recession experienced between late 2007 and 2009 which majorly affected the manufacturing and construction markets. The market is further expected to be fueled by the surge in the number of applications in which the different types of welding can be applied, such as ultrasonic welding for joining dissimilar materials or the welding of nonferrous metals in aerospace equipment. Currently, while arc, resistance and oxyfuel welding dominate the market, electron beam, friction-stir, laser, and ultrasonic welding methods have found several applications in verticals such as aerospace, electronics and packaging applications.
Prominent welding methods are used in several typical market segments, and demand for them is subject to the cyclical nature of individual markets, although the diversity and number of markets in which welding is used mitigates the effects of this in the welding industry overall.
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Affordable Luxury to Emerge as Key Market Trend
The automotive industry utilizes a numb of welding products in order to manufacture fuel efficient, lightweight and high-quality components. The process of adhering components through weld is used in vehicle components production to maintain mechanical properties of the welded base metal.
There is a rising trending weight reduction of vehicle bodies which is projected to augment demand for advanced arc welding technology. Additionally, arc welding also finds substantial application in production of giant wheel structures by joining heavy plates. This segment is thus expected to bolster the growth of U.S. consumables market, as the region is well versed and accepting of the latest technology in welding processes.
Lack of Skilled Workforce to Hamper Growth
The slow adoption of advanced technologies, particularly in the emerging areas could pose a threat to the growth of the U.S. welding consumables market. The shortage of skilled labor in manufacturing industries along with steep cost of labor may hamper the growth of the market to some extent.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Global Large-scale LNG Terminals Market Size will Observe Substantial Growth by 2023
With increasing participation of oil and gas producing companies, competition in the global large-scale LNG terminals is predicted to up in the upcoming years, states Transparency Market Research (TMR) in a new report. The immense rise in the demand for LNG due to its clean fuel attributes is attracting hydrocarbon companies to make investments in LNG business. Natural gas companies currently in the market are planning to increase investments in LNG handling and distribution facilities, which will further intensify competition in the large-scale LNG terminals market.
Key companies currently operating in the global large-scale LNG terminals market are Petroliam Nasional Berhad, Royal Dutch Shell plc, Conoco Phillips Company, Exxon Mobil, and Nippon Gas Co. Ltd. among others.
As per the TMR report, the global large-scale LNG terminals market is likely to clock a CAGR of 3.9% for the forecast period between 2017 and 2023. Growing at this rate, the throughput of 3,687.7 MMTPA in 2017 is likely to become 4,664.7 MMTPA. In terms of technology, regasification terminals hold dominance over liquefaction technology segment. However, liquefaction terminals segment is anticipated to display an increased market share in the years ahead. Driven by the shale gas boom in the U.S., North America is a leading regional marker for large-scale LNG terminals market.
Increasing Uptake of LNG as Transportation Fuel Benefits Market
At present, the demand for natural gas is on the rise as it is the cleanest burning fossil fuel. This is because combustion of natural gas is almost perfect, wherein very few byproducts are emitted into the atmosphere as pollutants. To cater to this, large hydrocarbon companies are participating in natural gas production and its handling and distribution to serve key end-use industries. Liquefied natural gas (LNG) and compressed natural gas (CNG) are increasingly being preferred by large long haul fleet owners as an alternative fuel. LNG contains nearly 2.4 times more energy per diesel gallon equivalent.
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The benefits of adopting LNG as a fuel source are not limited to long-haul trucks owners. With heavy-duty commercial vehicles traveling large distances annually, LNG converted vehicles can provide payback period as early as two years. With economic development in several parts of the world, growth of the transportation sector is leading to increasing use of LNG as a transportation fuel. This is attracting investments for construction of large-scale LNG terminals. Construction of large-scale LNG terminals are underway in developed countries to serve long haul fleet owners.
Reinforcement of vehicle emission norms in several countries of North America and South America is leading to the uptake of LNG as a vehicular fuel. For instance, the National Highway Traffic Safety Administration (NHTSA) and Environment Protection Agency (EPA) in the U.S. work in coordination to enable the manufacture of clean vehicles, including small cars and large trucks. Also, Clean Air Act regulates CO2 emissions and fuel standards. These regulations are driving the use of LNG in the transportation sector in the U.S.
Increasing demand for LNG due to environmental reasons is also fuelling the growth of large-scale LNG terminals market. The key advantage of LNG is low carbon CO2 emissions, which makes it a preferable alternative of conventional fossil fuels.
For More Information Visit : https://www.prnewswire.co.uk/news-releases/large-scale-lng-terminals-market-volume-to-reach-46647-mmtpa-by-2023—global-industry-analysis-size-share-growth-trends-and-forecast-2015—2023-tmr-574127451.html
Construction Challenges of LNG Terminals slows Growth
However, design and infrastructure challenges associated with the development of large-scale LNG terminals is slowing the growth of this market. Construction of large LNG depots is another key factor impacting the development of large-scale LNG terminals market.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Global Electrical Steel Market Poised to Garner Maximum Revenues by 2026
The global electrical steel market was valued at more than US$ 20 Bn in 2017 and is anticipated to reach approximately US$ 35 Bn at a CAGR of above 6% from 2018 to 2026 according to a new report titled ‘Electrical Steel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ by Transparency Market Research (TMR). The global automotive industry is highly dependent on electrical steel based products such as motor, rotor, stator, and inductor. The automotive end-user industry segment held major share of the global electrical steel market in terms of consumption in 2017. Increase in demand for electric and hybrid cars is anticipated to boost the demand for electrical steel in the next few years.
Increase in demand for super or high speed cars to propel demand for electrical steel
Increase in demand for electrical steel for applications in supercars or high-speed cars is primarily driven by various advantageous properties that enable reduction of hysteresis loss in high-speed electric motors. High horsepower, speed, and aerodynamics are crucial to ensure efficient performance and safety at considerably high levels of acceleration, which exceed 200 km/hr, in supercars such as racing cars and and other high speed cars. Hi-Lite electrical steel material is used in electric motors, not only to minimize magnetic losses, but also to improve the magnetic flux and torque. These electric motors are capable of 30% lower losses at desired high rotational speed. They also provide higher mechanical strength and improve torque by 6%. These new electric motors can operate at speeds of 1,600 rpm.
Challenges in processing of electrical steel to remain key restraint
Large amount of mechanical stress and strain is generated during the processing of cold-rolled electrical steel. The process includes bending, cutting, and punching operations. This, in turn, deteriorates the magnetism of electrical steel; the degree of deterioration depends upon the width of the sheet being punched. For instance, if the width decreases 10X, then the total magnetism loss is around 40% that of the initial loss. Hence, there is need for stress-relief annealing in supercars before installing the component in the motor core in order to retain the original magnetism of the electrical steel. Reprocessing of electrical steel is a critical and delicate process. This may act as a factor hampering the global electrical steel market to a certain extent during the forecast period.
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Currently, non-grain oriented segment dominates global electrical steel market; however, its share is expected to decline
In terms of type, the non-grain oriented segment dominated the global electrical steel market with more than 70% share in 2017. This can be ascribed to the high demand for non-grain oriented electrical steel in the manufacture of transformers, motors, and other electrical components used in various industries. Non-grain oriented electrical steel (NGOES) is manufactured to enable uniform magnetic properties in a sheet in all directions. Grain oriented electrical steel (GOES) is processed carefully under a controlled method to develop optimum magnetic properties in the rolling direction. Hot rolling, cold rolling, pickling & annealing, laser scribing, and high temperature annealing are some of the processes utilized to manufacture grain oriented and non-grain oriented electrical steel.
Utilization of electrical steel in manufacture of motor to remain dominant compared to other applications
In terms of application, the motor segment dominated the global electrical steel market in 2017. Motor is an electrical machine that converts electrical energy into mechanical energy. Growth in infrastructure projects and year-on-year increase in demand for automotive are expected to boost the demand for electrical steel employed in the manufacture of motor, rotor, and stator.
Countries in Asia Pacific, especially China, to lead electrical steel market in terms of supply and consumption
Asia Pacific accounted for nearly 55% share of the global electrical steel market in 2017. China is a major consumer of electrical steel in the region. The electrical steel market in Asia Pacific is expanding at a significant pace due to the increase in demand for electrical steel in various end-user industries in developing economies such as China, India, and ASEAN. Demand for electrical steel in China and India is estimated to be high during the forecast period due to economic growth, rise in urban population, and development of industries such as construction and automotive in these countries.
For More Information Visit : https://www.prnewswire.com/news-releases/global-electrical-steel-market-to-reach-nearly-24-million-tons-by-2026-expansion-in-automotive-industry-to-play-important-role-in-market-growth-transparency-market-research-830764940.html
Highly competitive market with domination of top players
The global electrical steel market is highly competitive. Leading players dominate the market. Key players operating in the electrical steel market are Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, Shandong Iron and Steel Group Co Ltd, JFE Steel Corporation, SAIL (Steel Authority of India Limited), Shagang Group Inc., ArcelorMittal, Ansteel Group Corporation, Baosteel Group (Baowu Steel Group Corporation Limited), POSCO, Voestalpine Group, Tata Steel Limited, United States Steel Corporation, Jindal Steel and Power Limited, and HBIS Group.
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Lipids Market Profits Estimated to be Generated by 2026
Global Lipids Market: Overview
The global lipids market has grown steadily over the years, owing to its pivotal role in food processing and nutritional requirements. Lipids are one of the large organic compounds which fall under the category of fatty acid derivatives. They exhibit the characteristics of insolubility in water and high solubility in alcohols or organic solvents. The primary functions of lipids lie in signaling and storing energy in cell membranes as they are one of the major components in forming plasma membranes.
A report on the global lipids market to be added to the vast repository of Transparency Market Research pulls out every stop to present in-depth information on it. The report would enable key stakeholders in the global lipids market to gain proper insight into the growth drivers and headwinds. This report would provide an objective analysis of the competitive landscape and dissect each product, application, and regional segment to understand which ones hold out solid promise.
Global Lipids Market: Key Trends
Rising demand for nutritional requirements in aging population, growing incidence of chronic diseases, increasing demand for dietary supplements for infants, and rapidly changing food landscape are believed to be driving the global lipids market. Lipid based food supplements help in reducing the risk of chronic diseases such as cancer, heart disease, and obesity. This is because of the presence of HDL or high-density lipoprotein which helps to absorb cholesterol and return them back to the liver. Lipids are also extensively used in a wide range of industry such as cosmetics and pharmaceuticals. Rising number of functional benefits combined with health benefits are projected to boost the global lipids market.
Rising consumer preference towards cosmetics with natural ingredients, and growing nutraceutical industry are expected to propel the global lipids market. In the food industry, lipids are widely used as additives to improve aspects of food such as texture, emulsification, flavor, hydrogenation, and density. Thus, lipids are highly advantageous in bakery, and many confectionery industries for enhancing the texture and flavors in pastries, cakes, and cookies. This is believed to be stoking growth in the global lipids market.
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Global Lipids Market: Regional Outlook
Region wise, Asia Pacific is expected to lead the global lipids market owing to rapid industrialization. Massive organic growth of industries such as cosmetics, food and beverages, and personal care, and increasing disposable income of people could be responsible for fueling the Asia Pacific global lipids market. China could be at the forefront of driving the market in the region. Growing demand for lipids in nutraceutical industry and rising incidence of health problems and chronic diseases are expected to boost the global lipids market in the country.
Global Lipids Market: Competitive Dynamics
Some of the successful players in the global lipids market are Avanti Polar Lipids, Tokyo Chemical Industry, Archer Daniels Midland Company, Cayman Chemical, and NOF Corporation. The companies in the global lipids market are trying to surge ahead of their competitors through research and development of better products. The upcoming report studies competitor’s product portfolios, key strategies, and sales and revenues in the near term.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Cloud Decorative Films & Foils Market to Witness an Outstanding Growth by 2026
Global Decorative Films & Foils Market: Overview
Decorative films and foils serve decorative as well as functional purposes in various end-use industries, particularly in furniture. These films are popularly used in decorative panels of furniture, and forms a part of design elements, as their usage supports new design patterns. In addition, decorative foils have also gained some traction as part of surface protection notably in windows and doors, particularly in the furniture and construction industries. Over the past few years, commercial spaces have been witnessing increasing use of decorative films and foils. Various types of decorative films and foils are polyvinyl chloride, polypropylene, polyester, and vinyl.
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Increasing spending on furniture, both by commercial and residential end users, has created abundant opportunities for manufacturers of decorative films and foils. Decorative films and foils made of polyvinyl chloride have been typically used to protect the surface of furniture against physical damage and environmental factors, thereby prolonging their life span.
The study strives to offer critical and evidence-based assessment of the current outlook of the decorative films and foils and highlights promising avenues.
Global Decorative Films & Foils Market: Trends and Opportunities
Growing inclination of furniture buyers toward aesthetics and design innovations is a potential trend generating lucrative demand for decorative films and foils. The rising use of these in commercial and residential spaces for decorative and protection purposes is a key factor likely to bolster the growth of the market. The use of decorative films and foils is witnessing substantial impetus from rising need for coatings for doors and windows which can improve maintenance aspects and increase life span. The advent of decorative films and foils that are more durable and allow architects to implement new design patterns for window profiles is a notable trend catalysing the market’s expansion. Moreover, the growing demand for films and foils that feature customizable functional enhancements is a crucial trend.
Rising spending on décor by residential end users is expected to substantially bolster the growth of the decorative films and coils market. A great deal of opportunities comes from growing spending on renovations on buildings, especially on window lamination. Efforts to develop non-toxic environmentally-friendly decorative films and foils will pave way to window of exciting opportunities for market player to capitalize on.
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Global Decorative Films & Foils Market: Regional Outlook
The study sheds lights on growth dynamics prevalent in key regional markets and takes a closer look at emerging avenues in promising regions. The analyses also assess the impact of changing consumer preferences on the demand dynamic of developing regions. On the regional front, decorative films and foils are expected to witness potential rising demand in developing regions, notably Asia Pacific. The growth is likely to be driven by increasingly driven by swift pace of urbanization in its several key economies, such as India and China. Developed regions such as several parts of Europe and North America are expected to witness substantial opportunities in the next few years, attributed to the constant drive for product innovations.
Key Players Mentioned in the Report
The report offers critical evaluation of the prevailing competitive dynamics and factors influencing the entry of new players. The study highlights key strategies adopted by key players to consolidate their positions. Companies aiming for sizeable stakes in the decorative films and foils include Mondoplastico S.p.A, Omnova Solutions, Inc., Klöckner Pentaplast, Jindal Poly Films Ltd, and LG Hausys, Ltd.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Specialty Amines Market Set to Witness an Uptick during 2018 - 2026
Amines are organic compounds and functional groups that are derived from ammonia. Specialty amines are important multifunctional chemicals that possess exceptional mechanical properties. Specialty amines are colorless or light yellow liquids that are soluble in water. Specialty amines are chemical intermediaries with excellent synthesizing properties. Products synthesized with specialty amines exhibit characteristics such as electric insulation and resistance to radiation, abrasion, and heat.
In terms of grade, the global specialty amines market can be segmented into < 99% and ≥ 99%. The ≥ 99% segment holds a key share of the market. Demand for specialty amines with ≥ 99% grade for use in pharmaceutical and personal care industries is expected to increase in the near future, owing to their high utilization in analgesics, sedatives, and antispasmodics.
Based on type, the specialty amines market can be segregated into alkyl alkanolamines, ethanolamines, ethyleneamines, isopropanolamines, and others. The ethanolamines segment is estimated to hold a major share of the global specialty amines market in the near future. Monoethanolamine (MEA), diethanolamine (DEA), and triethanolamine (TEA) form a part of the ethanolamine family. They exhibit properties of both amines and alcohols. These multifunctional chemicals belonging to the ethanolamine family are primarily used in detergents, specialty cleaners, gas-treating chemicals, and personal care products.
In term of application, the specialty amines market can be divided into epoxy curatives, fuel additives, chemical intermediaries & catalysts, and others. The chemical intermediaries & catalysts segment accounts for a significant share of the global specialty amines market. Specialty amines act as chemical intermediaries and catalysts and function as chelating agents, corrosion inhibitors, bleach activators, and surfactants in various end-use industries.
Based on end-use industry, the specialty amines market can be divided into water treatment, personal care, pharmaceutical, polymers & chemical processing, agriculture & animal nutrition, and others. The polymers & chemical processing segment held a substantial share of the global specialty amines market. Specialty amines are employed in the manufacture of specific polyols and urethane foams. Specialty amines are formulated to reduce carbon dioxide from gas-streaming applications. Gas treaters employ specialty amines to offer clean energy sources to curb growing pollution. Stringent regulations regarding air quality standards are being met by increasing utilization of specialty amines in gas treatment applications. Strict laws against pollution are expected to augment the demand for specialty amines during the forecast period.
In terms of geography, the global specialty amines market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific held a major share of the global specialty amines market in 2017, due to presence of leading polymer manufacturers and chemical processors in the region. Rapid industrialization in countries such as China, Japan, and South Korea is projected to drive the demand for synthetic amines in Asia Pacific during the forecast period. Specialty amines are widely used in pesticide-resistant crops to maximize the crop output and the quality of crop harvest. Rise in agricultural cultivation and increase in the adoption of developed agricultural production techniques, including usage of specialty amines, in Asia Pacific is anticipated to boost the demand for specialty amines in the region during the forecast period. North America and Europe also held significant shares of the global specialty amines market in 2017, owing to increase in the demand for these amines in pharmaceutical and personal care industries in these regions.
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Key players operating in the global specialty amines market are Air Products and Chemicals, Inc., Arkema Group, Ascend Performance Materials, BASF SE, BorsodChem MCHZ, s.r.o., Eastman Chemical Company, Huntsman International LLC, Mersaco, The Dow Chemical Company, and Wanhua Chemical Group Co., Ltd. These players focus on increasing their production capacities in order to strengthen their market position and gain competency in the global specialty amines market.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Gasification Market Plying for Significant Growth During 2018 - 2026
Gasification Market: Overview
Gasification is a thermochemical process that converts hydrocarbons such as coal, biomass, natural gas, petroleum, and petcoke into simple molecules known as syngas through partial oxidation with oxygen and air. Gasification is an ideal alternative for clean energy. Hence, it is increasingly being adopted in several industries such as chemicals, oil & gas, and power. There were around 1,099 gasification projects with nearly 2,866 gasifiers in 2016. This number is anticipated to increase further during the forecast period.
Gasification Market: Trends & Demands
Rise in demand for clean and efficient energy generation technology among residential and industrial applications is driving the global gasification market. Availability of abundant deposits of coal is also fueling the global gasification market. Furthermore, rise in adoption of underground coal gasification (UCG) process is projected to create lucrative opportunities for the global gasification market. However, increase in power generation through biofuels and high cost associated with gasification are estimated to hamper the global gasification market.
Gasification Market: Key Segments
The global gasification market can be segmented based on gasifier type, technology, application, and region. In terms of gasifier type, the global gasification market can be divided into fixed bed gasifiers, fluidized bed gasifiers, entrained flow gasifiers, and others. The entrained flow gasifiers segment dominates the global gasification market. Entrained flow gasifiers have the ability to handle almost any coal feedstock and produce clean, tar-free syngas. These types of gasifiers are also environmentally more benign, and glassy slag is inert and easily disposed. The fixed bed gasifiers segment is projected to expand significantly during the forecast period.
Based on feedstock, the global gasification market can be segregated into biomass/waste, coal, natural gas, and petroleum. Petroleum and coal are regularly used gasification processes for industrial applications. Waste material used for gasification includes refuse-derived fuel, wood chips and pellets, municipal solid waste, industrial and agricultural waste, dry grass, corn stover, and sewage sludge.
Based on application, the gasification market can be classified into chemicals, liquid fuels, power, and gas fuels. The power segment dominates the global gasification market. It is expected to expand at a faster pace than other segments during the forecast period. Growth of the power segment can be primarily ascribed to the increase in demand for energy in industrial as well as household applications. The power segment is followed by liquid fuels and gas fuels segments.
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Gasification Market: Regional Outlook
In terms of region, the global gasification market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is anticipated to lead the global gasification market primarily due to the rise in application of gasification in end-use industries. The global gasification market in the region is anticipated to expand at a rapid pace during forecast period. China, Japan, India, and Indonesia are the key countries of the gasification market in Asia Pacific. China produces more than 90% of its ammonia through coal gasification process, led by the large availability of inexpensive coal in the country. The global gasification market in Europe is estimated to expand at a substantial pace during the forecast period. Many countries in Europe are dependent on other regions for natural gas. Demand for natural gas is projected to increase in Europe in the near future. This, in turn, is likely to boost the implementation of gasification projects in the region. Rise in demand for biomass gasification is also augmenting the global gasification market in Europe.
Gasification Market: Key Players
Major companies operating in the global gasification market include Royal Dutch Shell, General Electric, Air Liquide, SEDIN Engineering Company Limited, Sierra Energy, Dakota Gasification Company, PRM Energy Systems Inc., Mitsubishi Heavy Industries, Siemens AG, Thyssenkrupp AG, and Synthesis Energy Systems Inc.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Synthetic and Biobased Butadiene Market to Reach US$ 27,966.0 Mn by 2026
In terms of revenue, the global synthetic and biobased butadiene market is projected to expand at a CAGR of 5.4% from 2018 to 2026, according to a new research report titled ‘Synthetic and Biobased Butadiene Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). In terms of volume, the global synthetic and biobased butadiene market is expected to reach 18,628.2 kilo tons by 2026. The market is driven by the rise in demand for synthetic and biobased butadiene in automotive and rubber industries. The synthetic and biobased butadiene market in Asia Pacific is estimated to expand at a CAGR of 5.1% during the forecast period, owing to the growth of the automotive industry in the region. Based on product type, the synthetic segment held major share of the global synthetic and biobased butadiene market in 2017.
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Rise in Demand for Synthetic Product Type in Synthetic and Biobased Butadiene Market
Based on product type, the synthetic and biobased butadiene market has been bifurcated into synthetic and biobased. Synthetic and biobased butadiene are used as key raw materials in the manufacture of styrene butadiene rubber (SBR), poly butadiene rubber (PBR), styrene butadiene (SB) latex, etc. The synthetic segment held significant share of the market in 2017. The segment is estimated to maintain its leading position during the forecast period. Synthetic butadiene is produced with C4 feedstock mixtures. Synthetic butadiene can be employed to generate acrylonitrile butadiene styrene (ABS) and other derivatives.
High Use of PBR and SBR in Automotive & Rubber Industries to Propel Synthetic and Biobased Butadiene Market
Butadiene is largely consumed in rubber applications. It is primarily used as chemical intermediate and monomer to produce polymers such as elastomers including SBR, PBR, and NBR (nitrile butadiene rubber). Synthetic and biobased butadiene are key components used in the manufacture of SBR, PBR, SB latex, ABS, and adiponitrile. The others segment includes NBR and synthetic styrene butadiene rubber (SSBR). SBR and PBR are widely employed in automotive and rubber industries. ABS is majorly used in automation system as well as in lightweight vehicles. On the other hand, PBR and SBR are the key components used in tire manufacturing. Additionally, rise in demand for gloves, foams, plastic materials, automotive tires, paper coatings, and carpets is anticipated to propel the market in the near future.
Rise in Trend of Adopting Biobased Butadiene in Various Industries
Production and demand for biobased butadiene are expected to increase significantly during the forecast period. Production of biobased butadiene is not only anticipated to lower the dependency on crude oil, but also make the butadiene market more cost competitive. Various countries are aligning their operations with eco-friendly initiatives, which include minimizing the consumption of crude oils and their by-products. Rise in demand for green tires and eco-friendly products due to environmental concerns plays a major role in driving the demand for biobased butadiene.
Asia Pacific Estimated to Dominate Global Synthetic and Biobased Butadiene Market
Based on region, the global synthetic and biobased butadiene market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume and value, Asia Pacific accounted for major share of the global synthetic and biobased butadiene market in 2017. Synthetic and biobased butadiene are primarily employed in the production of tires in China and India. These are primarily consumed in the manufacture of tires in the automotive industry in ASEAN. Synthetic and biobased butadiene are also used as resins in the paints & coatings industry in the sub-region. Growth in the automotive industry has propelled the demand for PBR and SBR products. Additionally, high demand for SB latex and adiponitrile in paints & coatings and nylon manufacturing industries is projected to fuel the demand for synthetic and biobased butadiene during the forecast period. Middle East & Africa is a rapidly growing region of the synthetic and biobased butadiene market due to the easy availability of crude oil and raw materials.
High Degree of Competition among Market Players
High degree of competition exists among market players operating in the synthetic and biobased butadiene market. The market is moderately consolidated. It is dominated by large players. Key players account for major share of the market. Prominent players profiled in the report are BASF SE, Eni S.p.A., Evonik Industries, Exxon Mobil Corporation, Petrochemical Corporation of Singapore Pte. Ltd., Repsol Group, Royal Dutch Shell Plc, Saudi Basic Industries Corporation, The Dow Chemical Company, TPC Group, Yeochun NCC Co., Ltd., INEOS Group AG, LyondellBasell Industries N.V., and Nizhnekamskneftekhim.
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Titanium & Titanium Alloy Scrap Market to Receive overwhelming hike in Revenues by 2026
Titanium & Titanium Alloy Scrap Market: Overview
Titanium and its alloys are used in a wide range of applications in industries such as biomedical, aerospace, and chemical due to their properties such as high corrosion and mechanical resistance and low density. With technological advantages in the titanium machining processes, the quality of titanium by-products, such as Ti chip has also been increasing at a fast rate, which is anticipated to drive the demand for titanium in the near future. Demand for titanium scrap and titanium alloy scrap is high due to their properties such as excellent corrosion resistance, excellent strength-to-weight ratio, and high melting temperature. Titanium scrap are generated while manufacturing titanium or during equipment fabrication. Aerospace industry is a major source for titanium scrap. These scrap are obtained from engines and structural components of aircrafts. Additionally, titanium is an environment friendly metal. It is used in various applications due to its corrosion resistant properties.
Titanium & Titanium Alloy Scrap Market: Trends & Developments
Titanium scrap are extensive employed in the biomedical industry. This is anticipated to drive the titanium & titanium alloy scrap market in the near future, which is encouraging companies to invest more in research and development of new recycling technologies. Furthermore, increasing production of commercial aircrafts is anticipated to boost the demand for titanium & titanium alloy scrap during the forecast period.
Companies operating in the global titanium & titanium alloy scrap market strive to develop new and better methods of recycling titanium scrap. Development of new processes to recycle titanium scrap is estimated to propel the titanium & titanium alloy scrap market during the forecast period.
Titanium & Titanium Alloy Scrap Market: Key Segments
In terms of grade, the titanium & titanium alloy scrap market can be divided into mixed titanium solids, titanium turnings, rutile scrap, titanium sponge/residues, and others. The mixed titanium solids segment is estimated to expand at a considerable pace in the next few years due to the rise in production of aircraft in developed countries such as the U.S., Germany, and France.
In terms of end-use industry, the titanium & titanium alloy scrap market can be divided into biomedical, aerospace, and chemical. The chemical end-use industry segment is estimated to expand at a considerable pace in the next few years due to increasing use of titanium for manufacturing anodes for electrolysis process across the globe.
Titanium & Titanium Alloy Scrap Market: Regional Outlook
Based on region, the global titanium & titanium alloy scrap market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America and Europe are anticipated constitute major share of the global titanium & titanium alloy scrap market during the forecast period. The titanium & titanium alloy scrap market in Asia Pacific is likely to expand at a significant pace due to the rise in per capita income in developing economies such as China and India. Rise in per capita income is increasing the spending power of consumers. This, in turn, is estimated to propel the demand for high-quality biomedical products in Asia Pacific. Additionally, increasing use of titanium in the chemical industry, fuels the titanium & titanium alloy scrap market in Asia Pacific. Middle East & Africa is expected to be an attractive region for the titanium & titanium alloy scrap market during the forecast period due to the rise in demand for titanium scrap in the region for the use in biomedical applications.
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Titanium & Titanium Alloy Scrap Market: Key Players
Prominent players operating in the global titanium & titanium alloy scrap market include Monico Alloys Inc, METRACO NV, Global Titanium Inc., and Gold Metal Recyclers. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.
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Municipal Solid Waste Incineration Market Foreseen to Grow exponentially over 2018 - 2026
Municipal Solid Waste Incineration Market: Overview
Incinerator is the machinery used for generation of energy from combustion of waste. During the incineration process, several harmful waste materials are converted into gases, heat energy, and particles. These are later used for generation of energy in the form of electricity. The method also helps in the removal of dissolved gases such as carbon dioxide. This method is utilized in the activated sludge process in solid waste treatment facilities across the globe due to its reliability. Increase in significance of the incineration method is estimated to drive the demand. However, regional differences are expected to remain largely unchanged due to the varied expenditure on municipal infrastructure development in individual countries.
Municipal Solid Waste Incineration Market: Key Segments
The municipal solid waste incineration market can be segmented based on product, application, and region. Based on product, the municipal solid waste incineration market can be divided into moving grate, rotary-kiln, and fluidized bed. Moving grate is the commonly used combustion system. Rotary-kiln incineration is a two stage process consisting of a kiln and separate secondary combustion chamber. Fluidized bed incineration involves pre-sorting of the solid waste to remove heavy and inert objects, such as metals, prior to processing in the furnace. Based on application, the municipal solid waste incineration market can be segregated into municipal sewage treatment plants, residential complex, and others. Implementation of strict environmental regulations by municipal councils of various governments is one of the factors boosting the municipal solid waste incineration market. The municipal solid waste incineration market is estimated to expand significantly, as its penetration is increasing in most of the developing countries. Municipal incinerators also produce large amount of harmful gases such as furans, dioxins, carbon dioxide, sulfur dioxide, and gaseous hydrochloric acid. This is one of the restraints of the market. Incineration is an energy-intensive technology. This could prove to be a restraint, especially considering the rising energy prices across the globe. Thus, the municipal solid waste incineration market is exposed to risks from alternative sustainable technologies. Companies are carrying out technological advancements in order to lower the costs of incinerators.
Municipal Solid Waste Incineration Market: Regional Outlook
Europe and North America are the major regions of the global municipal solid waste incineration market due to rapid growth in construction and increase in urbanization. In North America, incineration is widely preferred in countries such as U.S and Canada. This has necessitated the use of advanced technology solid waste treatment systems, thereby driving the municipal solid waste incineration market. The Urban Solid Waste Treatment Directive in the European Union encourages countries in Europe to increase the usage of solid waste treatment facilities. Countries in Asia Pacific such as China, India, and Japan are rapidly emerging municipal solid waste incineration market. Rise in industrialization, decline in availability of clean water, high level of waste output by industries such as textile and pulp & paper, and low waste coverage are the key factors driving the global municipal solid waste incineration market. The municipal solid waste incineration market in Latin America and Middle East & Africa is anticipated to expand in the next few years due to the recovery from the economic slowdown. Countries such as Saudi Arabia, the UAE, Kuwait, and Qatar have invested significantly in development of the municipal solid waste incineration market.
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Municipal Solid Waste Incineration Market: Key Players
Leading players operating in the municipal solid waste incineration market include Suez Environment S.A., Martin Gmbh, Covanta Energy Corporation, Wheelabrator Technologies Inc., and Brickner & Bratton Inc.
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Cellulose Esters Market to Witness a Pronounce Growth During 2018 to 2026
Cellulose Esters Market: Introduction
Cellulose is an abundantly available renewable organic material produced in biosphere. It possesses superior properties such as good mechanical strength, biocompatibility, hydrophilicity, alterable optical appearance. Cellulose can be efficiently used in many applications. For instance, it can be employed in the chemical industry. However, it is challenging to use cellulose in the chemical industry due to its poor solubility. In order to overcome this challenge, cellulose is converted into its derivatives such as cellulose ester. Cellulose esters are derived from the esterification and acylation resulting from the reaction of cellulose with organic and inorganic acids. Cellulose esters are employed in various applications such as cigarette filters, films & tapes, coatings, and plasticizers. Esterification of cellulose by reacting it with acid anhydrides in the presence of mineral acid catalyst is a commonly used process, particularly for the manufacture of cellulose acetate on commercial scale.
Cellulose Esters Market: Segmentation
The cellulose esters market can be segmented based on type, application, and region. In terms of type, the cellulose esters market can be classified into cellulose acetate, cellulose acetate butyrate, cellulose acetate propionate, cellulose nitrate, and others. Cellulose acetate and cellulose nitrate possess superior properties such as versatility and transparency. Therefore, cellulose acetate and cellulose nitrate are widely used in the production of artifacts. Cellulose acetate also possesses superior qualities such as solubility, turbidity, and high degree of substitution. Hence, demand for cellulose acetate has been increasing in applications such as manufacture of cigarette filters, films & tapes, and others. Cellulose esters are employed widely in applications such as coatings, plasticizers, films & tapes, automotive, packaging, and oil & gas. Demand for cellulose esters in these applications has been rising owing to its excellent biodegradability profile and filtration properties. Automotive and packaging industries are expected to expand significantly in the near future. This is anticipated to propel the demand for cellulose esters market in the next few years. Demand for cellulose esters is estimated to increase in the cigarette industry, as cellulose esters are used in filters of cigarettes.
Cellulose Esters Market: Regional Outlook
Based on region, the cellulose esters market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. China has the largest tobacco industry in the globe. In terms of production, the country accounts for around 40% share of the cellulose esters market. Many major cigarette manufacturers from North America and Europe are shifting to Asia Pacific due to the availability of raw materials at cheaper rates, ease of availability of industrial land, presence of cheap labor, and rising population. Thus, the cellulose esters market in North America and Europe is projected to expand at a sluggish pace during the forecast period. On the other hand, the cellulose esters market in Asia Pacific is likely to expand significantly in the near future. Latin America and Middle East & Africa account for relatively lower share of the global cellulose esters market. However, increase in technological developments in these regions is expected to create new opportunities for the cellulose esters market.
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Cellulose Esters Market: Competitive Landscape
Key players operating in the cellulose esters market include Eastman Chemical Company, China National Tobacco Corporation, Daicel Corporation, Sappi Limited, Mitsubishi Chemical Holdings Corporation, Celanese Corporation, Sichuan Push Acetati Co., Limited, Rayonier Advanced Materials, and Accordis Cellulosic Fibers, Inc.
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Slack Wax Market Rugged Expansion Foreseen by 2026
Slack Wax Market: Overview
Slack wax is a complex combination of hydrocarbons that are obtained from a petroleum fraction through the process of solvent crystallization or as a distillation fraction from waxy crude. Slack wax is a petroleum product, which is also a raw material used in the manufacture of paraffin wax. Slack wax is a mixture of oil and wax, which is brown and yellow in color. In order to produce paraffin wax, slack wax is processed by pressing (so as to decrease the oil content) and discoloring by using a special powder. Slack wax has 5% to 30% of the oil content, depending on type of the product. Slack wax is available with a wide range of congealing and melting points.
Slack Wax Market: Drivers & Restraints
The slack wax market is driven by rise in the demand for paraffin wax in the cosmetics & personal care industry. Slack wax provides advantages such as rust protection and turf protection. This is expected to provide growth opportunity to the slack wax market during the forecast period. Slack wax is largely produced and consumed for the production of paraffin wax. However, high refinery costs involved in the production of slack wax hampers the slack wax market.
Slack Wax Market: Key Segments
Based on application, the slack wax market can be segmented into cosmetics, candles, polishes, canvas coatings, carbon paper, paraffin manufacturing, fuel industries, construction boards, emulsions, and inks. Slack wax is most commonly used in wax emulsions and as a binder and waterproofing agent in artificial wood. It is also used as a packaging material in steel and plastic drums.
Based on grade, the slack wax market can be segregated into light grade and heavy grade. Slack wax is extracted from refinery raffinate, after processing this product with solvents they are used for various application, these are mostly obtained from lubricating oils. Slack wax has up to 35% of the oil content. Heavy-grade slack wax is usually processed into semi-refined paraffin wax. It contains oil in high weight percentage. It is employed in candles, rubbers, adhesives, and hot melts. Light-grade slack wax is used in cosmetics and food industries.
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Slack Wax Market: Regional Outlook
Based on region, the global slack wax market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading market for slack wax and the region is expected to continue its dominance throughout the forecast period. The increasing number of new beauty products and rising concerns regarding good looks and appearance have led to significant rise in the demand for beauty products and cosmetics in the region. Asia Pacific has become a major consumer and producer of slack wax. The production of slack wax in the region has increase significantly. The region has become a hub for exports of cosmetics and personal care products to developed nations such as the U.S. North America and Europe are expected to dominate the global slack wax market throughout the forecast period. Countries such as South Korea and Indonesia are expected to witness rapid rise in the demand for personal care products, due to growth of the cosmetics industry in these countries. The slack wax market in Middle East & Africa is expected to expand at a steady pace during the forecast period.
Slack Wax Market: Key Players
Key players operating in the global slack wax market are CNPC, Sinopec, Thai Oil, Pertamina, Iranol Oil, American Refining Group, IRPC, BP, H&R Gruppe, Shell, and Exxon Mobil.
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Polycarbonate Sheets Market Progresses for Huge Profits During 2018 - 2026
Global Polycarbonate Sheets Market: Outlook
Polycarbonate is a thermoplastic that has organic functional groups attached to a carbonate group. It is one of the most widely used thermoplastics across the globe. Polycarbonate offers excellent dimensional stability, exceptional optical clarity, outstanding impact resistance, and superior thermal resistance. These high-performance attributes make polycarbonate an ideal plastic material for various applications that require high thermal resistance and impact resistance. Polycarbonates are better than other thermoplastic materials such as PMMA and acrylic, due to their ability to degrade minimal when heated and cooled.
Polycarbonate sheets are used in various industries such as building & construction, automotive, and electrical & electronics. Properties such as optical clarity, high strength, thermal stability, and excellent dimensional stability make polycarbonate sheets a material of choice in the manufacture of compact disks (CDs), vandal-proof glazing, riot shields, electric components, baby-feeding bottles, headlamp lenses, and safety helmets. Polycarbonate sheets are extensively used as clear roofing in buildings, due to their superior finish. Superior finish and affordability make polycarbonate sheets an ideal material for automotive applications. The material is also used for applications such as kitchen utensils, due to its ability to be cut, rolled, and adjoined in different shapes.
Global Polycarbonate Sheets Market: Drivers
Rise in the demand for polycarbonate sheets for clear roofing and extensive usage of this roofing in commercial spaces are expected to boost the polycarbonate sheets market in the next few years. This is prompting companies to increase the production of polycarbonate sheets. Additionally, easy availability of raw materials is anticipated to boost the demand for polycarbonate sheets in the near future. Technological advancements in polycarbonate sheets are increasing. Companies are constantly striving to develop new and better methods to manufacture these sheets. Development of new manufacturing processes for polycarbonate sheets and rise in usage of these sheets are estimated to propel the market during the forecast period. However, volatility in prices of raw materials is projected to hamper the market in the near future.
Global Polycarbonate Sheets Market: Key Segments
Based on type, the polycarbonate sheets market can be divided into solid, multiwall, corrugated, and others. The solid segment dominates the market, due to extensive usage of solid polycarbonate sheets in end-use industries such as building & construction and automotive across the globe. Based on end-use industry, the polycarbonate sheets market can be divided into building & construction, automotive, and electrical & electronics. The building & construction segment dominates the market, due to extensive usage of polycarbonate sheets as roofing in commercial buildings across the globe. In terms of geography, the global polycarbonate sheets market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America is anticipated to constitute a major share of the global market during the forecast period. The polycarbonate sheets market in Asia Pacific is estimated to expand at a significant pace from 2018 to 2026, due to rise in the demand for these sheets in commercial applications. Middle East & Africa is likely to be an attractive market for polycarbonate sheets between 2018 and 2026, owing to increase in the demand for these sheets in residential construction in the region.
Global Polycarbonate Sheets Market: Key Players
Prominent players operating in the global polycarbonate sheets market include Living Nature, SABIC, Covestro AG, Evonik Industries AG, Plazit-Polygal Group, Teijin Limited, and Suzhou Omay Optical Materials Co., Ltd. These players engage in research and development activities, strategic alliances, and mergers and acquisitions in order to gain market share.
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Global Marine Seismic Equipment and Acquisition Market: Rise in Oil and Gas Industry to Boost Growth
The global marine seismic equipment and acquisition market demonstrates a highly consolidated competitive landscape, finds a new research study by Transparency Market Research (TMR). In 2015, nearly 90% of the whole market was acquired by the top six players, namely, CGG, PGS, TGS, Polarcus DMCC, Fugro N.V., and SeaBird Exploration PLC.
The slowdown in the demand from the main end user of marine seismic equipment and acquisition, that is, the oil and gas industry is expected to intensify the competition within this market substantially in the near future, states the report.
As per TMR’s estimations, the global marine seismic equipment market presented an opportunity worth US$0.36 bn in 2015. Expanding at a CAGR of 4.50% during the period from 2016 to 2024, the market is expected to cross US$0.53 bn mark by the end of the forecast period. Over the same period of time, the global market for marine seismic acquisition is estimated to rise from US$3.5 bn in 2015 to US$5.6 bn by 2024, increasing at a CAGR of 5.30%. The 3D survey is the key technology used for marine seismic acquisitions and is projected to continue to lead over the next few years.
High Demand for Conventional Oil Reserves to Ensure Europe’s Dominance
Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa have been considered as the key regional markets for marine seismic equipment and acquisitions in this research report. With US$944.1 mn in marine seismic acquisition and US$83.1 mn in marine seismic equipment, Europe led this market in 2015. Thanks to the high demand for conventional oil reserves, this regional market is likely to remain seated in the leading position throughout the forecast period.
North America stood second in the global marine seismic equipment and acquisition market in 2015. Analysts predict it to retain its position over the next few years, on account of the substantial growth in the end-use industries, such as mining, construction, and oil and gas. However, the most promising opportunities for growth of the marine seismic equipment and acquisition market is expected to be found in Latin America and the Middle East and Africa.
Latin America, specifically, is anticipated to turn as a highly lucrative market for marine seismic acquisition on account of the augmenting demand from exploration and production firms. The Middle East and Africa, on the other hand, is projected to benefit marine seismic equipment vendors significantly in the near future due to the substantial rise in its oil and gas industry, states the report.
Increasing Oil and Gas Exploration Activities in Emerging Regions to Fuel Demand
“The tremendous rise in the oil and gas industry across the world is the key factor behind the immense growth of the global marine seismic equipment and acquisition market,” says an analyst at TMR. Marine seismic acquisitions and various analytical data are a critical part of oil and gas exploration procedures. With the increase in oil and gas exploration activities in emerging regions, such as Latin America and Africa, the demand for these acquisitions is likely to escalate significantly in the near future, propelling the market for marine seismic equipment and acquisitions across the world.
On the other hand, the decrease in seismic survey contracts and the slow demand for marine seismic acquisitions from the oil industry in the Middle East and Europe may hamper the growth of this market to some extent over the forecast period, notes the study.
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Penoxsulam Market to Witness Widespread Expansion by 2020
Global Penoxsulam Market: Snapshot
With the significant rise in the global population, the need crop protection has also increased substantially. Farmers and agriculturists are utilizing a number of techniques to increase their crop yield in order to satisfy the augmenting demand for food across the world. Herbicides, especially penoxsulam, have surfaced as one of the key techniques farmers have adopted for the safety of crops. The constant rise in the demand for various crops, such as wheat, rice, and corn, is likely to have a positive impact on the global penoxsulam market in the near future. Apart from this, the efficiency of penoxsulam, impelled by its superior chemical properties, compared to other herbicides is also anticipated to boost this market substantially over the forthcoming years.
The rising number of turfs and lawns is another important factor that is expected to influence the demand for penoxsulam across the world in the years to come. The increase in sports grounds and golf courses are also projected to add to the growth of this market significantly. However, the availability of substitutes and price volatility may create challenges for market players over the next few years.
Continued Dominance of Asia Pacific Ensured by Rise in Crop Protection Industry
Geographically, the worldwide market for penoxsulam boasts of its presence across Asia Pacific, North America, Europe, and the Rest of the World. In 2013, Asia Pacific led the global market with a share of 55%. The regional market is anticipated to remain leading over the next few years on the grounds of the rising demand for penoxsulam in several Asian economies, such as China, Indonesia, India, Vietnam, Bangladesh, and Thailand, fueled by the growth of their respective crop protection industries.
The significant rise in the Asia Pacific agricultural sector is another factor behind the swift growth of the penoxsulam market in this region. The proliferation in the construction industry and the augmenting number of turfs in India, Indonesia, and China, are also anticipated to boost the Asia pacific penoxsulam market in the near future.
Amongst other regional markets, North America and Europe are projected to display a moderate increase in their respective markets over the forthcoming years. However, the escalating demand for penoxsulam in several non-agricultural applications, such as gardening, forestry, and sports, are likely to support the penoxsulam market in these regions considerably in the years to come. On the other hand, Latin America is projected to offer a promising marketplace to players over the next few years on the grounds of the rise in the food production and the high economic development in several countries, such as Brazil and Mexico.
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Rice Fields to Remain Key Consumer of Penoxsulam
Rice fields and water bodies, such as aquatic weeds and turfs, are the key application areas of penoxsulam across the world. With 85% share in the global market, rice fields emerged as the leading application segment in 2013. The low level of toxicity in penoxsulam products is likely to increase their application in rice fields over the next few years. The usage of penoxsulam is expected to remain more of less same over the forthcoming years in water bodies on account of the steady growth of each of these application areas.
The Dow Chemical Co., BASF SE, Bayer CropScience AG, Syngenta International AG, Monsanto Co., Nufarm Ltd., and Chemtura Corp. are the key companies operating in the global penoxsulam market.
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Silicone Sealants Market to Partake Significant Development by 2024
Global Silicone Sealants Market: Overview
Silicone sealants are viscous materials that find valuable use as sealants in various industry verticals. These sealants are not the same as common adhesives; they differ in elasticity and strength. The sealants, when applied between substrates with different elongation rates under pressure or thermal expansion coefficients, need satisfactory elongation and flexibility. Silicone sealants typically also hold inert fillers and are formulated in conjunction with an elastomer to deliver the required flexibility and elongation. Silicone rubber elastomers, for instance, are widely used as sealants in construction, automotive, industrial, and consumer applications.
This report is a spread of all key trends currently affecting the global silicone sealants market, along with its drivers and restraints. The report offers projections for the global silicone sealants market as it is expected to be over the coming years. Key frames of analysis of the market include data on its recent developments, expressed through methodologies such as Porter’s five force model analysis and a SWOT analysis for the leading players. The report also comprises a review of the global silicone sealants market and its micro and macro influences that are vital for current players as well as hopeful entrants.
Global Silicone Sealants Market: Trends and Opportunities:
The global silicone sealants market has been developing at a significant pace thanks to its high rate of application for end user from packaging, automotive and construction. The increasing number of environmental concerns linked to synthetic sealants and adhesives has pushed the manufacturers to focus more on the bio-based alternatives and the development of these products. Polyurethane and silicone sealants have so far accounted for the top spots in terms of volume consumed. Silicone sealants are expected to see the fastest growth over the coming years, primarily due to rising levels of product innovation, thereby leading to an overall growth in their applications in the industries of packaging and automobile, where silicone sealants are consumed in high volumes for the purpose of protection and lamination.
The rising demand for sealants by the swiftly expanding construction industry is expected to boost the global silicone sealants market over the coming years. Silicone sealants, as opposed to adhesives, exhibit higher elongation and lower strength. This makes them appropriate for sealing joints and assemblies. Furthermore, the growing number of activities in construction, especially in the BRIC group, is anticipated to fuel the demand for silicone sealants.
The global silicone sealants market is, however, being restricted by the rising environmental regulations and concerns regarding the use of silicone sealants. Due to this, manufacturers are increasingly pushing for the development of bio-based sealants and this move is expected to provide new opportunities for the growth in the global silicone sealants market.
Global Silicone Sealants Market: Region-wise Outlook:
Emerging economies from Asia Pacific are leading the global silicone sealants market from a geographical perspective, followed by Europe and North America. Growth of the major end user industries such as transportation and construction, particularly in India and China is expected to boost the global silicone sealants market over the forecast period. China especially is likely to show a significant rise in demand for silicone sealants due to the country’s growing consumer demand for high quality products, along with a consistent increase in the growth rate of its construction industry. A bulk of the silicone sealants being used in China are diverted to construction based applications, in which glass curtain walls account for the leading share.
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Companies Mentioned in the Research Report:
Some of the leading players in the global silicone sealants market so far, have been 3M Company, BASF, E. I. du Pont de Nemours and Company, H.B Fuller company, Henkel AG & Co. KGaA, RPM International, Inc., and The Dow Chemical Company.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Bleaching Chemicals Market to Witness Widespread Expansion by 2020
Bleaching Chemicals refer to those chemicals that are primarily used in chemical action associated with removing color from the base material on which they are applied or used. They are primarily the oxidizing agents used to remove the colored properties of the substrate and make them bright and colorless. Bleaching chemicals find application largely in paper and pulp industry, textile industry, household cleaning, water treatment and to certain extent even in cosmetics. The wide array of applications makes bleaching chemicals extremely important for several end-user industries. The current market for bleaching chemicals is dominated by developed regions such as North America and Europe. Asia Pacific region is expected to be the fastest growing market in next few years owing to surge in industrial growth. Get Research Report Overview @
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Bleaching chemicals can be majorly classified in three groups such as chlorine-based, peroxide-based and miscellaneous bleaching chemicals. Chlorine-based bleaches are found in many household cleaners. They are generally used as disinfectants in water treatment, especially to make drinking water potable and in large public swimming pools. Thus, growth in water treatment industries is expected to propel the growth in bleaching chemicals. Peroxides are compounds that contain an oxygen-oxygen single bond, which is fairly weak bond so reactions of peroxides involve oxygen bond breakage to give reactive oxygen molecules. Bleaching chemicals based on peroxide group usually contain hydrogen peroxide in combination with another material such as sodium carbonate. Hydrogen peroxide is produced in very large amounts by several different processes. It is mainly used as bleaching chemical for cosmetic purposes such as hair coloring, etc. Bleaching chemicals are majorly used in paper and pulp industry for bleaching purposes. The bleaching action for paper and wood pulp makes the wood pulp free of any impurities, making it suitable for paper manufacturing. Thus, the paper treatment industry is one of the major end-user industries for bleaching chemicals. Moreover, the bleaching chemicals are used in textile industry for textile treatment. The growth in textile industry is anticipated to drive the need for bleaching chemicals. The existing market for bleaching chemicals is highly dominated by geographies such as North America and Europe. The market dominance of North America is attributed to demand from various end-user applications. However, the strict environmental regulations led by European region will affect the demand for bleaching chemicals to certain extent. Asia Pacific region is expected to be the fastest growing market for bleaching chemicals considering the extensive growth in demand from paper and textile industries. Asia Pacific countries such as India, China, Thailand, Malaysia and Bangladesh are anticipated to be the upcoming markets for bleaching chemicals in the next six years considering their tremendous growth potential in end-user industries. Moreover, the continuous economic advancement of these countries, coupled with surge in the growth rate of textile industry in these countries is further resulting in an increase in the number of potential customers across these developing countries. Furthermore, the bleaching chemicals also find applications as cleansing agents used in household cleaning. The growing demand for household cleaning products across the globe can act as a major driver for bleaching chemicals market. Thus, in nutshell the industrial growth in Asia Pacific region is expected to propel the need of bleaching chemicals in next six years.
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Some of the key players operating in the bleaching chemicals market are companies such as Akzo Nobel Eka, Kemira Oyj, Aditya Birla Chemicals, Hercules and Hercules Corporation among others.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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