#Chemical Tanker Market Forecast

[marketinsight1234]

Global Chemical Tanker Market Size Expected To Reach USD 49700 Million With CAGR 4.70% By 2030

The Global Chemical Tanker Market size was valued at USD 34400 Million in 2023 and is projected to reach USD 49700 Million by 2030, growing at a CAGR of 4.70% from 2023 to 2030.

The Chemical Tanker Market is an integral component of the global shipping industry, primarily focused on the transportation of chemicals, petrochemicals, and various hazardous substances. This market plays a critical role in ensuring the safe and efficient movement of chemicals across the globe. The demand for chemical tankers is closely tied to the chemical manufacturing, petroleum, and industrial sectors. These vessels are specially designed to meet the stringent safety and environmental regulations that govern the transport of hazardous cargo. The market's growth is influenced by several key factors, including market drivers and opportunities.

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Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Leading players involved in the Chemical Tanker Market include:

"Stolt-Nielsen Limited (UK), Odfjell SE (Norway), Navig8 Chemical Tankers Inc (US), MOL Chemical Tankers (Japan), Iino Kaiun Kaisha Ltd (Japan), Team Tankers International Ltd (Bermuda), Ardmore Shipping Corporation (Ireland), Nordic Tankers A/S (Denmark), Jo Tankers AS (Norway), Odfjell Tankers AS (Norway), Stena Bulk AB (Sweden), MTMM Group (Singapore), Essberger Tankers (Germany), Bahri Chemicals (Saudi Arabia), Coastal Tankers Pte Ltd (Singapore), MISC Berhad (Malaysia), NCC Group (Japan), Ikarus Petroleum Industries Ltd (Greece), Uni-Tankers A/S (Denmark), Euronav Tankers NV (Belgium) and Other Major Players" 

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Segmentation of Chemical Tanker Market:

By Material

Stainless Steel

Coated

By Size

Inland Chemical Tankers

Coastal Chemical Tankers

Deep-Sea Chemical Tankers

By Product Type

Organic Chemicals

Inorganic Chemicals

Vegetable Oils Fats

Others

By Tank Type

IMO 1

IMO 2

IMO3

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Effective Points Covered in Chemical Tanker Market Report: -

Details Competitor analysis with accurate, up-to-date demand-side dynamics information.

Standard performance against major competitors.

Identify the growth segment of your investment.

Understanding most recent innovative development and supply chain pattern.

Establish regional / national strategy based on statistics.

Develop strategies based on future development possibilities. 

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[robertemma27-blog]

Terminal Management System Market Size Trends Forecast Research

The terminal management system market was valued at USD 725.5 Million in 2016 and is expected to reach USD 1097.7 Million by 2023, at a CAGR of 5.94% between 2017 and 2023.

Major players operating in the terminal management system market include ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric (France), Emerson Electric Corporation (US), Endress + Hauser AG (Switzerland), General Atomics Corp. (California) and Implico GmbH (Germany).

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The implementation of terminal management solution in brownfield terminals reduces operational costs, and the integrated safety and security solutions enhance the level of automation at a terminal.

Brownfield terminals expected to grow at a high rate during the forecast period

Traditional terminal infrastructure such as pipeline connections, tanker berths, and other components is already present, and therefore the automation of such existing terminals by integrating software will help increase the number of brownfield projects.

The key reason attributed to the growth of services in the terminal management system market is the growing awareness for installing automation solutions and the need for providing services, such as training and maintenance, to improve the operational efficiency of terminals and make them more efficient.

For instance, in July 2013, ABB Ltd. (Switzerland) received a contract from Amec Foster Wheeler plc (UK) to automate the bulk inventory operations management of the chemicals complex in Saudi Arabia. As per the contract, ABB Ltd. deployed its T-MAC Plus system to optimize operations, as well as increase energy efficiency, safety, and control with a scalable solution.

Terminal management system market in APAC likely to grow at a high CAGR during the forecast period

Key factors contributing to the growth of terminal management system market in APAC is the increase in the number of terminal automation projects in countries such as India, Malaysia, and the Philippines. For instance, in June 2015, Yokogawa Electric Corporation (Japan) received a contract worth approximately USD 11 million from Bharat Petroleum Corporation Limited (India) to automate its truck-loading terminals. According to the contract, Yokogawa Electric Corporation provided its terminal logistics suite, a terminal automation system (TAS), to truck loading terminals of Bharat Petroleum Corporation Limited in India.

[businessindustry]

Ballast Water Treatment Systems Market Report, By Type, News 2024-2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Ballast Water Treatment Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Ballast Water Treatment Systems Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Ballast Water Treatment Systems Market?

The ballast water treatment systems market size reached US$ 6.2 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 12.1 Billion by 2032, exhibiting a growth rate (CAGR) of 8.7% during 2024-2032.

What are Ballast Water Treatment Systems?

Ballast Water Treatment Systems are utilized on ships to manage ballast water, which is taken on board to stabilize the vessel's balance. This water frequently contains diverse organisms that can be detrimental to marine ecosystems if discharged in a different location. The systems are designed to eliminate or neutralize these organisms, including bacteria, viruses, and invasive species, before the water is discharged back into the sea. This process aids in preventing the spread of harmful species and diseases, thereby reducing environmental and economic risks.

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What are the growth prospects and trends in the Ballast Water Treatment Systems industry?

The ballast water treatment systems market growth is driven by various factors. The market for ballast water treatment systems is growing significantly, primarily due to strict regulations aimed at preventing the spread of invasive species through ballast water discharge. These systems are crucial for ensuring ships comply with international standards, leading to increased demand for ballast water treatment solutions. Market expansion is also driven by the rise in maritime trade activities and a heightened awareness of environmental conservation. Additionally, advancements in technology, such as the emergence of more efficient and cost-effective treatment systems, are further propelling market growth. Hence, all these factors contribute to ballast water treatment systems market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Chemical Treatment Systems

Physical Disinfection Systems

Mechanical Systems

By Technology:

Ultraviolet (UV) Treatment

Electro-Chlorination

Advanced Oxidation

Filtration

By Capacity:

Less than 1500 m3/h

1500 m3/h - 5000 m3/h

More than 5000 m3/h

By Vessel Type:

Container Ships

Bulk Carriers

Tankers

Ro-Ro Ships

Others

By Application:

Retrofit

New-build

By End-Use:

Shipping Companies

Offshore Rigs

Military Vessel

Segmentation By Region:

North America:

United States

Canada

Asia Pacific:

China

India

Japan

Australia & New Zealand

Association of Southeast Asian Nations (ASEAN)

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX (Belgium, the Netherlands, Luxembourg)

NORDIC (Norway, Sweden, Finland, Denmark)

Rest of Europe

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

The Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA (Middle East & Africa)

Who are the key players operating in the industry?

The report covers the major market players including:

Alfa Laval

Wärtsilä

Evoqua Water Technologies

BIO-UV Group

Trojan Marinex

Optimarin

Panasia

Hyde Marine

De Nora Water Technologies

Xylem Inc.

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[chemicalsectorupdates]

Impact of COVID-19 on the Polyurethane Prepolymer Market: Strategies for Resilience

Polyurethane Prepolymers: An Essential Raw Material for Manufacturing Industries What are Polyurethane Prepolymers? Polyurethane prepolymers, also known as isocyanate terminated prepolymers, are polyols that have been reacted with diisocyanates but terminated with residual isocyanate groups. They are highly viscous resins synthesized by reacting a polyol such as polyether polyol or polyester polyol with a diisocyanate like MDI or TDI in a 1:1 or 1:2 stoichiometric ratio resulting in an isocyanate functional prepolymer. Applications of Polyurethane Prepolymers Polyurethane prepolymers find wide applications due to their versatile chemical and physical properties. Some key applications include: Coatings - Prepolymers are used as binders, crosslinkers and intermediates in manufacturing coatings for wood, concrete, leather and various industrial applications. Their excellent adhesion, chemical resistance and flexibility makes them ideal for coatings. Adhesives and Sealants - The film forming and adhesive properties of prepolymers are leveraged to produce structural and high-performance adhesives as well as sealants for construction and automotive applications. Elastomers - Prepolymers impart flexibility, elasticity and high strength to elastomers used in hoses, gaskets, rollers and various flexible molded articles. They aid in processability and enhance mechanical properties. Footwear - The mechanical strength and flexibility imparted by prepolymers in polyurethane enables their use in manufacturing shoe soles, heels and sport shoe midsoles providing comfort and durability. Types of Polyurethane Prepolymers Based on the polyol/diisocyanate ratio and reactants used, prepolymers can be categorized as: - MDI based: Formed from reaction of MDI with polyester polyols or polyether polyols. Offer high strength, hardness and chemical resistance. Widely used. - TDI based: React TDI with polyols. Provide flexibility and high elongation. Used in elastomers, sealants and adhesives. - Polyester based: Have good hydrolytic stability and strength. Used in coatings. Manufacturing Process of Polyurethane Prepolymers The manufacturing process involves the following key steps: 1. Reaction of Polyol and Diisocyanate: Polyether polyol or polyester polyol is charged into the reactor and heated to the required temperature. Diisocyanate like MDI or TDI is added slowly with agitation. 2. Controlled Polyaddition Reaction: The exothermic polyaddition reaction between hydroxyl groups of polyol and isocyanate groups proceeds. Process parameters like temperature, catalysts are controlled. 3. Termination Reaction: Once the pre-set NCO index is reached, the prepolymer is terminated by residual isocyanate groups and deactivated by adding catalyst kill. 4. Filtration and Packaging: The viscous prepolymer solution is filtered to remove impurities and filled in drums, IBCs or bulk tankers. Applications determine the suitable type of prepolymer and optimization of process parameters like reaction temperature, reaction time and NCO index yields prepolymers with desired physical and chemical qualities. Strict quality control during manufacturing is vital. Outlook for Polyurethane Prepolymers Market The global polyurethane prepolymers market is forecast to grow at over 5% CAGR through 2030 driven by increasing usage in coatings, adhesives, sealants, thermoplastic polyurethanes and various consumer and industrial applications. Rapid growth of key end use industries like footwear, construction, automotive, packaging and furniture will boost demand. Moreover, continuous product innovation to develop new grades catering to changing industry and regulatory trends along with expansion into emerging markets in Asia Pacific and Middle East regions are factors expected to fuel the prepolymer market in the coming years. However, volatility in raw material prices remain a key challenge. Overall, polyurethane prepolymers market outlook looks positive owing to their excellent performance attributes and versatile usage profile.

[pearlsmith25]

Cryogenic Tanks Market Saga: Unraveling the Intricacies of Liquid Oxygen Preservation

Cryogenic tanks are vacuum insulated vessels used for storing cryogenic liquids such as liquid nitrogen, liquid oxygen, liquid argon, liquid carbon dioxide and liquid hydrogen at very low temperatures. They are primarily used in several industrial applications such as metal manufacturing, energy & power, electronics, medical technology, food & beverage and shipping. Cryogenic tanks play a vital role in ensuring safe and efficient transportation along with storage of industrial gases. The global Cryogenic Tanks Market is estimated to be valued at US$ 6.51 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The growing demand for industrial gases from various end-use industries such as healthcare, energy & power, food & beverage and metal manufacturing is expected to drive the growth of cryogenic tanks market over the forecast period. Industrial gases like oxygen, nitrogen and argon find wide applications in the manufacturing processes of these industries. Moreover, the demand for liquified natural gas is also growing significantly owing to rising focus on cleaner sources of fuel. This is expected to increase the need for cryogenic storage and transportation solutions like cryogenic tanks and tankers. The ability of cryogenic tanks to efficiently store industrial gases at very low temperatures makes them ideal for the safe handling and transportation of gases over long distances. Thus, the increasing demand for industrial gases from different industries presents lucrative market opportunities for cryogenic tanks during the forecast period.

Porter's Analysis Threat of new entrants: Moderate, high capital requirements for manufacturing cryogenic tanks act as a barrier. However, growing demand opens opportunities. Bargaining power of buyers: Moderate to high. Large buyers can negotiate on price and demand better service levels. However, specialized nature of tanks reduces impact. Bargaining power of suppliers: Moderate. Major suppliers have established relationships but availability of raw material alternatives provides options. Threat of new substitutes: Low. Cryogenic tanks have few substitutes for storage of liquefied gases in large volumes. Competitive rivalry: High. Global players compete on technology, quality, pricing and services. Regional players add competition.

SWOT Analysis Strengths: Growing liquefied gas market. Established infrastructure and technology leadership of major players. Weaknesses: High capital investment requirements. Volatility in raw material prices impacts costs. Opportunities: Rising adoption in new applications like LNG as fuel. Expanding gases market in developing regions. Threats: Stringent regulations over safety and emissions. Substitution threat from alternative gas storage technologies.

Key Takeaways

The global Cryogenic Tanks Market is expected to witness high growth over the forecast period between 2023 to 2030.Technological advancements for more efficient operations and rising demand for liquefied gases like LNG are driving the market.

Regionally, North America leads currently due to large liquefaction plants and increasing exports of natural gas. Asia Pacific is expected to be the fastest growing market due to massive demand from industries and increasing LNG imports in major economies like China and India. Countries like China, Japan and South Korea are focusing on expanding LNG receiving and regasification terminals which will further accelerate cryogenic tanks demand.

Key players operating in the Cryogenic Tanks market are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group, Glencore, Sumitomo Metal Mining Company, Linde, INOX India Pvt., Cryofab, FIBA Technologies, Air Products and Chemicals, Inc., M1 Engineering, Chart Industries, Wessington Cryogenics, Isisan, Lapesa, Auguste Cryogenics, and Hoover Ferguson Group, Inc. These companies are focusing on partnerships, new product developments and expansion in high growth regions to strengthen their positions.

[latestindustryreports]

Hydrogen Fueling Station Market Drivers, Emerging Audience, Segments, Sales, Trends & Analysis

The “Global Hydrogen Fueling Station Market research report| Industry 2030 year” unveils cutting-edge market research findings. The Insight Partners is leading market research and consultation company is proud to announce the release of a comprehensive research report on the Hydrogen Fueling Station market. Leveraging advanced methodologies and cutting-edge technology Insight Partners has delved deep into market trends to deliver valuable insights for businesses seeking a competitive edge.

Key highlights of this market report:

Thorough Market Analysis-

Insight Partners has conducted an in-depth investigation of the Hydrogen Fueling Station market highlighting key drivers, challenges, and opportunities in the forecast period. Important contents analyzed in this report are key stats such as market size, market segments, revenue projections, and future market trends. This report offers subsegments information and includes information on all major countries and associations. This study further deep dives into market barriers and issues associated with cost and ROIs affecting Hydrogen Fueling Station market companies.

Consumer Behavior Insight

The report provides a nuanced understanding of changing consumer preferences, enabling businesses to tailor their strategies for maximum impact. It comprehensively covers key factors impacting the business with accurate future projections. Investors can make informed decisions based on unbiased market scenario coverage.

Competitive Landscape

The Insight Partners have meticulously mapped out the competitive terrain of the Hydrogen Fueling Station market, offering a clear picture of key market players, their market share, and potential collaborations. This section also provides insights into potential challenges companies might face in increasing competitiveness.

Technological Disruptions

This report covers insights into the role of technology in the transformation of the Hydrogen Fueling Station market. Covering the latest technological advancements this section attempts to guide business for Industry 4.0 transformations.

Global Market Outlook

This report offers a global and regional growth outlook for companies in the Hydrogen Fueling Station market. Key market players are- Air Liquide, Air Products and Chemicals, Inc., First Element Fuel Inc., Hydrogenics Corporation, ITM Power, Nel Hydrogen, Praxair, Proton Onsite, SunHydro, The Linde Group . This report aims to offer an understanding of the global market situation and identify key regions for growth in the future.

Strategic Recommendations

The Insight Partners presents actionable insights to empower businesses in making informed decisions based on industry evidence. These lucrative suggestions intend to offer our clients a competitive edge over their competitors.

Hydrogen Fueling Station Market Segmentation

Based on Product of Hydrogen Fueling Station Market Research report:

Retail vs. Non-Retail Stations

Mobile Hydrogen Stations

Based on End-Users of Hydrogen Fueling Station Market Research report:

Hydrogen Tube Trailers

Tanker Trucks

Pipeline Delivery

Railcars and Barges

Based on Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World…

To Summarize the Key Highlights of this Report:

Market Estimates | Forecast Year

Market Dynamics – Drivers, Restraints, Opportunities, and Threats

Market Segmentation – Product Types, Application, and Regional Markets

Competitive Landscape – Top Market Participants and their Business Strategies.

[powermarket]

Cryogenic Equipment Market Is Booming Worldwide

The global cryogenic equipment market size stood at USD 17.24 billion in 2021. The market is estimated to rise from USD 18.06 billion in 2021 to USD 32.86 billion by 2028 at 8.9% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Cryogenic equipment Market, 2021-2028.”

According to the analysis increasing investments in LNG power plants and rising focus on processing and manufacturing industries to foster market development. The rising demand for clean energy power is anticipated to boost the market in the near future. The transportation, storage, and regasification applications for generating clean energy hold substantial potential for the growth of the market.

List of Key Companies Profiled in the Market Report: 

Chart Industries, Inc. (U.S.)

Cryofab, Inc. (U.S.)

Linde (Germany)

Nikkisso Cryoquip (U.S.)

Nikkiso Co. Ltd (Japan)

SHI Cryogenics Group (Japan)

HEROSE GMBH (Germany)

Wessington Cryogenics (U.K.)

Cryo Pur (France)

INOXCVA (INOX India Pvt Ltd) (India)

Sulzer (Switzerland)

Schlumberger (U.S.)

Flowserve Corporation (U.S.)

Fives (France)

Phpk Technologies (U.S.)

Marshall Excelsior Company (U.S.)

ACME Cryogenics (U.S.)

RegO (U.S.)

Habonim Industrial Valves & Actuators LTD (U.S.)

Impact of COVID-19:

Restrictions on Manufacturing and Transport to Hinder Market Progress

This market is expected to be negatively affected during the COVID-19 pandemic because of the restrictions imposed on manufacturing and transport activities. The sudden spike in COVID-19 infections led to the adoption of stringent norms. This has led to the closure of industries and the lack of raw materials for cryogenic equipment production. However, the adoption of production machinery, advanced sanitization methods, reduced capacities, and half capacities have enabled manufacturers to recover their losses. This factor is expected to boost market growth during the pandemic.

Report Coverage:

The report has been prepared meticulously through quantitative and qualitative assessments to offer a comprehensive market view. Notably, many primary interviews have been conducted with major stakeholders and suppliers. Primary data has been collected through questionnaires, telephonic conversations and emails. Moreover, the report also includes secondary sources, such as government websites, SEC filings and press releases. The report also gives an in-depth view of market size, share, revenue, volume and delves into SWOT analysis.

Drivers and Restraints:

Rising Demand for Clean Energy Source to Bolster Market Expansion

The rising demand for regasification, storage, and transportation of clean energy is expected to boost cryogenic equipment’s demand. The rising demand for LNG fuels for automotive use is expected to increase the equipment’s sales. Further, significant investments in the petrochemical and chemical sectors are likely to boost market growth. Rising usage of refrigerators, pumps, vaporizers, valves, and oil tankers is likely to increase the demand for the equipment. The equipment increases the safety of the fuel and maintains safety.

The rising demand for fuel storage and the rising adoption of renewable energy resources is likely to increase the equipment’s adoption. Moreover, it is also used in the healthcare sector to store blood, package medicines, and purge equipment. These factors are likely to drive the cryogenic equipment market growth.

However, the fluctuating stainless steel prices and stringent green-house emission norms may hinder the market progress.

Competitive Landscape:

Major Players Set Up Facilities to Expand Market Reach Globally

Prominent companies operating in the company set up manufacturing facilities to expand their market reach worldwide. For example, Lide declared that it had set up a novel on-site manufacturing plant in Qinzhou, China, in July 2021. The company shall supply industrial gases and oxygen to Shanghai Huayi's new chemical complex by opening up the plant. The manufacturing plant comprises three air separation units designed to supply 5,000 tons of nitrogen and 7,500 tons per day of oxygen. This strategy may enable the company to expand its market reach. In addition, the adoption of research and development may enable companies to improve their product quality and boost their brand image.

Segmentation:

By product, the market is segmented into bayonet connection, actuator, vaporizer, pump, valve, tank, and others. As per cryogen, it is categorized into helium, hydrogen, liquefied natural gas (LNG), argon, oxygen, nitrogen, and others.

Based on end-user, it is classified into marine, chemical & petrochemical, power generation, metallurgy, oil & gas, and others.

Regionally, it is grouped into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

[chemanalystdata]

Maleic Anhydride Market to 2032 | Regional Analysis and Forecast | ChemAnalyst

According to ChemAnalyst report, “Global Maleic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Maleic Anhydride market will likely experience a significant rise and reach approximately 3500 thousand tonnes in 2032, at an expected CAGR of 4.76% during the forecast period by 2032. The rising demand of Maleic Anhydride by Unsaturated Polyester Resin, 1,4-butandiol, Fumaric Acid, Lube Oil Additives, and Other end-use industries is expected to result in expansion of the Maleic Anhydride market in the forecast period.

The organic compound maleic anhydride has the chemical formula C2H2(CO)2O. This colourless-white compound is synthesized by conducting vapor-phase oxidation of n-butane along with vanadium-phosphorus oxide as a catalyst. Maleic anhydride is a popular choice of raw material for synthesizing resins and lubricative oils for industrial applications. It is one of the most extensively used chemical in applied chemistry.  Maleic Anhydride also finds application as a precursor or additive in lubricants and food additives. Maleic anhydride is used to produce various commodities such as epoxy hardening agents, paper sizing, copolymers, hair care products, pharmaceuticals, sugar substitutes, paints, coatings, insecticides, and detergents.

Read the full report here: https://www.chemanalyst.com/industry-report/maleic-anhydride-market-654

The Maleic Anhydride market globally is driven by its usage as a feedstock to produced industrially significant resins and polymers such as Unsaturated Polyester Resin. Unsaturated Polyester Resin Industry solely consumed approximately 50% of global Maleic Anhydride in 2021. Construction and transportation industries both use unsaturated polyester resin. Unsaturated polyester resins are mostly utilised for manufacturing cladding, tankers, pipelines, and bathroom accessories. This is likely to drive the global Maleic Anhydride market in the forecast period.

The global Maleic Anhydride market is segmented based on end-use, sales channel, and region. Based on demand, Asia Pacific dominates the global Maleic Anhydride market, making up approximately half of the global Maleic Anhydride market in 2021. The ongoing modernization, industrialization, and construction in response to the multiplying population are all expected to have an impact on the region's market. It is anticipated that Asia Pacific will continue to dominate the market in the forecast years as well. Moreover, a strong demand for Maleic Anhydride from emerging economies like China, India and Japan is likely to propel the market growth of Maleic Anhydride.

Based on end-uses, the Maleic Anhydride market is segregated into Unsaturated Polyester Resin, 1,4-butandiol, Fumaric Acid, Lube Oil Additives, and Others. Out of all these sectors, the Unsaturated Polyester Resin Industry is the biggest consumer. 1,4-butandiol and Lube Oil Additives are the other major consumers of Maleic Anhydride.

Request Sample Report: Maleic Anhydride Market

“Global Maleic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players employed in the Maleic Anhydride market are Qixiang tengda chemical, Huntsman Corporation, BASF, Taiyuan Qiaoyou Chemical Industrial, Shanxi Qiaoyou Chemical Co., Ltd, Sasol-Huntsman GmbH & Co., Lanxess, and Ningbo Jiangning Chemical Co. Ltd.

“The surging demand for Maleic Anhydride to produce industrially significant compounds and resins, primarily the Unsaturated Polyester Resin which is utilized by the construction and automobile industry is anticipated to drive the Global Maleic Anhydride market in the forecast period until 2032. Furthermore, its demand from the Lube Oil Additives is also expected to further contribute to the Global Maleic Anhydride market in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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[gorepoonam]

Cng And Lpg Vehicle Market Trends, Future Outlook, Analysis and Forecast 2023-2030

Cng And Lpg Vehicle Market size| 2023 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2030 is latest study published by Fortune Business Insights.

Major Cng And Lpg Vehicle Market Size Manufacturers covered in the market report include:

Major players operating in the global CNG and LPG vehicle market include Ford Motor Company, Fiat S.P.A., Suzuki Motor Corporation, Westport, General Motors, Landi Renzo Honda Motor Co., Ltd., Volkswagen, Impco, Volvo, Mitsubishi Motors Corporation and Daimler AG among others.

Cng And Lpg Vehicle Market Size Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.

Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market

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Cng And Lpg Vehicle Market Size Industry Competitive Analysis:

The Cng And Lpg Vehicle Market Size report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

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