#Corrosion Inhibitor Market Growth

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Volatile Corrosion Inhibitors Packaging Material Market: Navigating the Landscape of Smart Packaging for Corrosion Prevention

The Volatile Corrosion Inhibitors (VCI) Packaging Material Market is estimated to be valued at US$ 826 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:

Volatile Corrosion Inhibitors packaging materials release protective vapors which coat metallic surfaces inside the package and shield them from corrosion. The coating prevents direct contact between air and unpacked metal components, thus effectively inhibiting corrosion. VCI packaging materials find major application in protecting ferrous and non-ferrous metals during storage and transit. They provide cost-effective corrosion protection compared to traditional methods. Market Key Trends:

Growing emphasis on eco-friendly product trends is driving demand for Volatile Corrosion Inhibitors packaging materials market. Traditional VCI films utilize nitrites as core corrosion inhibitors which have environmental concerns. Leading manufacturers are focusing on developing bio-based and non-nitrite VCI films using natural corrosion inhibitors such as fatty acids from plant oils. For instance, Cortec Corporation produces biodegradable VCI films from corn and other biomass. Such eco-friendly product innovations are boosting the adoption of VCI packaging for sustainable corrosion protection of metal parts and components. Porter’s Analysis:

Threat of new entrants: The VCI packaging material market has moderate threat of new entrants as it requires substantial R&D investment and compliance with various packaging regulations.

Bargaining power of buyers: The bargaining power of buyers is moderate to high as there are numerous established players providing VCI packaging solutions. Buyers can negotiate on prices and quality standards.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers such as plastics and paper manufacturers have established presence. However, volatility in raw material prices can affect the industry.

Threat of new substitutes: Threat of new substitutes is low as VCI packaging effectively protects against corrosion for metallic components during storage and transport.

Competitive rivalry: High as major players compete on product quality, innovation, and global expansion.

SWOT Analysis:

Strength: VCI packaging provides effective corrosion protection and extends product shelf life. It is a sustainable and recyclable solution.

Weakness: High material and production costs. Supplier dependency on raw materials.

Opportunity: Growing automotive, electronics, and industrial sectors driving the need for robust corrosion protection during international shipments. Development of bio-based and environment-friendly VCI films.

Threats: Stringent regulations regarding use of certain chemicals in packaging. Economic slowdowns reducing manufacturing output.

Key Takeaways:

The global Volatile Corrosion Inhibitors (VCI) Packaging Material Market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing investment in manufacturing sector globally. North America dominates the VCI packaging material market currently due to major automotive and electronics production. Asia Pacific is expected to grow at fastest pace due to expanding manufacturing hub and growth in exports from China and India. North America accounts for over 30% of the global VCI packaging material market share currently owing to huge manufacturing output in United States. Asia Pacific VCI packaging material market led by China, Japan, and India is anticipated to expand at fastest CAGR of 7.5% through 2030 on back of increasing automotive and electronics FDI investments in the region. Key players operating in the VCI packaging material market are Cortec Corporation, Branopac GmbH, Armor Protective Packaging, Protective Packaging Corporation, Nefab Group, Daubert Industries, Inc., Zerust Excor, and Metpro Group. The major players are focusing on new product development, global expansion, and acquisitions to gain leading position in the market.

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Fertilizer Additive Market to Reach US$ 4,050.19 million with a CAGR of 2.4% from 2022 to 2028

The Fertilizer Additive Market is expected to reach at US$ 4,050.19 million by 2028; registering at a CAGR of 2.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

Because of the growing population, there is a greater need for food grains, which has increased demand for fertilisers in many nations. The Food and Agriculture Organization of the United Nations (FAO) and the International Food Policy Research Institute (IFPRI) predict that the increase in consumer affluence in places like Asia, Eastern Europe, and Latin America would cause a 70% increase in the world's food demand by the year 2050. The Joint Research Centre's assertions that fertilisers have become more widely used to increase food production as a result of the shrinking area of arable land and the rising demand for food in various countries were also supported by a report released by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services.

Further, the increased production of synthetic fertilizers witnessing the enhancement in crop yield. Hence, the manufacturers are focusing on to increase the synthetic fertilizers production on commercial basis along with the blend of fertilizer additives. Therefore, the rising commercial synthetic fertilizer production demand for additives which propels the fertilizer additive market growth.

The rising population of various countries and their governments focus on the development of sustainable agriculture will enable to increase the food production. The growing population and rising need for food security tends to adopt fertilizer additives in fertilizers industry, which is fueling the fertilizer additive market growth. Due to growing urbanization, the available arable land is expected to decrease. As a result, fertilizers are likely to play an essential role in increasing the average crop yields per hectare. However, the quality and performance of fertilizers deteriorates over time, and chemical fertilizers are leading to deteriorate the soil fertility. Fertilizer additives aid in the production, handling, storage, and transportation of fertilizers. The additives help fertilizers maintain their shape, limit caking, decrease dust formation during manufacturing of fertilizers, and avoid wetting of fertilizers. Hence, the manufacturers in fertilizers industry has been adopting fertilizer additives rigorously. Thus, the growing use of fertilizers in agricultural practices is estimated to fuel the fertilizer additives market growth.

The key players operating in the global fertilizer additive market include Arkema Group; Solvay; KAO CORPORATION; Chemipol S.A.; Chemsol LLC; Clariant; Dorf Ketal; Michelman, Inc.; Omex Agriculture, Inc.; and Novochem Group. Players operating in the global fertilizer additive market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.

Form and kind are the two main divisions in the market for fertiliser additives. The market is divided into granular, prilled, and powder segments based on form. The market is divided into categories based on type, including corrosion inhibitors, granulation aids, colouring agents, anti-caking agents, and others. The Middle East & Africa (MEA), South & Central America, Asia Pacific (APAC), and North America are the main geographic divisions of the fertiliser additive market.

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Water Treatment Chemicals Market - Forecast(2024 - 2030)

Water Treatment Chemicals Market Overview

The Water Treatment Chemicals Market size is estimated to reach US$49.22 billion by 2030, after growing at a CAGR of 3.4% during the forecast period 2024-2030. Water treatment is the process of extraction of unwanted components and pollutants from the water using chemicals such as chlorine, chloramines, chlorine dioxide, biocides, coagulants, disinfectants and others. The Water Treatment Chemicals are increasingly used for applicability in boiler water chemicals, raw water treatment, water purification and others across major end-use industries, thereby acting as a driving factor in the Water Treatment Chemicals industry. In addition, surging water treatment projects and awareness for wastewater treatment and purification are propelling the growth scope for Water Treatment Chemicals. However, significant recovery is boosting the demand for Water Treatment Chemicals for a wide range of applicability and utilization in medical, electronics and other sectors. Thus, the Water Treatment Chemicals industry is anticipated to grow rapidly and contribute to the Water Treatment Chemicals Market size during the forecast period.

Key segments within the market include coagulants, flocculants, biocides, corrosion inhibitors, pH adjusters, and scale inhibitors. With increasing concerns about water scarcity, pollution, and stringent regulatory standards worldwide, the demand for water treatment chemicals is expected to witness steady growth. Emerging economies in Asia-Pacific, along with growing industrialization and urbanization, are driving significant market expansion, while technological advancements and innovations are shaping the industry landscape to meet evolving water treatment needs

Water Treatment Chemicals Market Report Coverage

The “Water Treatment Chemicals Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Water Treatment Chemicals Industry.

By Type: Coagulants & Flocculants, pH Adjusters & Softeners, Biocides, Scale Inhibitors & Dispersants, Corrosion Inhibitors, Disinfectants, Chelating Agents and Others.

By Application: Water Desalination, Raw Water Treatment, Cooling, Effluent Water Treatment, Boiler and Others.

By End-use Industry: Pulp and Paper, Municipal Water & Wastewater, Oil & Gas (Onshore and Offshore), Chemicals, Food & Beverages (Juices, Whiskey and Others), Power Generation (Thermal, Hydro and Others), Metal & Mining and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

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Key Takeaways

• Asia-Pacific dominates the Water Treatment Chemicals Market, owing to growth factors such as the flourished base for water treatment projects, established base for chemicals, oil & gas and others and industrialization.

• The flourishing municipal water & wastewater sector across the world is propelling the demand for Water Treatment Chemicals for major utilization in desalination, raw water treatment, water purification, sewage pipeline network and others, thereby contributing to the Water Treatment Chemicals Market size.

• However, the emergence of alternative technologies such as reverse osmosis, UV disinfection and others pose a threat to Water Treatment Chemicals, thereby acting as a challenging factor in the Water Treatment Chemicals industry.

Water Treatment Chemicals Market Segment Analysis – by Type

The coagulants & flocculants segment held a significant share of the Water Treatment Chemicals Market in 2022 and is projected to grow at a CAGR of 3.4% during the forecast period 2024-2030. The coagulants and flocculants have a growing demand in water treatment over other types such as biocides, defoamers, disinfectants, algaecides and others, due to their wide utilization in water purification, solids dewatering, sludge thickening, solids removal and lime softening. In addition, the growing usage of coagulants for water and wastewater treatment applications, sewage systems, industrial water treatment and others is boosting its growth scope. Thus, the coagulant & flocculants type segment is anticipated to grow rapidly in the Water Treatment Chemicals Market during the forecast period.

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Water Treatment Chemicals Market Segment Analysis – by End-use Industry

The municipal water & wastewater segment held a significant share of the Water Treatment Chemicals Market in 2022 and is projected to grow at a CAGR of 4.5 % during the forecast period 2024-2030. The municipal segment dominated the market in 2023 and is likely to grow during the forecast period, owing to strict regulation leading to increased usage for proper wastewater disposal. Water Treatment Chemicals have growing applicability in the municipal water & wastewater sector for raw water treatment, water purification and others. The lucrative growth prospect in the municipal water & wastewater sector is influenced by factors such as rising awareness of wastewater recycling, sewage treatment and pipeline network, with the robust scope for water and wastewater treatment activities and projects, the utilization of Water Treatment Chemicals such as chlorine, chloramine, biocides and others for water purification, sewage treatment and others is rising. Therefore, the growth opportunities for Water Treatment Chemicals in the municipal water & wastewater industry are anticipated to rise during the forecast period.

Water Treatment Chemicals Market Segment Analysis – by Geography

Asia-Pacific held the largest share of up to 43.6% in the Water Treatment Chemicals Market in 2023. The high demand for Water Treatment Chemicals in this region is influenced by the surging awareness for municipal waste treatment, surging utilization of treated water in power generation and industrialization. The municipal water & wastewater industry is rapidly growing in APAC due to growth factors such as purification and treatment of groundwater and sewage pipeline networks. According to International Trade Administration, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meters per day between 2022 and 2025. With established regulations and growth scope for the municipal water treatment sector, the utilization of Water Treatment Chemicals for water purification, raw water treatment, sewage treatment and others in APAC is growing. This, in turn, is anticipated to boost its growth scope in the Asia-Pacific region over the forecast period.

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Water Treatment Chemicals Market Drivers

Bolstering Growth of the Power Generation Sector:

Water Treatment Chemicals have flourishing applications in the power generation sector for energy generation through hydro, thermal, nuclear and others. The power generation industry is rapidly growing due to factors such as emphasis on boosting the production of renewable energy sources and surging funding and development for energy and power generation. According to the International Energy Agency (IEA), the global renewable electricity capacity is projected to rise more than 63% from the 2022 levels to over 4800 GW by 2026. With the robust scope for the power generation sector, the utilization of water treatment chemicals in power plants such as hydro, thermal and others is increasing. This, in turn, is driving the Water Treatment Chemicals industry.

Flourishing Growth of the Oil & Gas Industry:

Water Treatment Chemicals such as chlorine dioxide coagulants, corrosion inhibitors, disinfectants and others have a wide range of applications in the oil & gas sector for water purification in petroleum refineries, steam generators and others. The oil & gas industry is rapidly growing due to growth factors such as flourished oil and gas sector, rising exploration and production activities and urbanization. According to the India Brand Equity Foundation (IBEF), the oil demand in India is expected to reach 11 million barrels per day by the year 2045. Thus, with the rapid growth scope of the oil & gas sector, the utilization of water treatment chemicals for water purification and treatment in petroleum refineries and onshore and offshore operations is rising exponentially. This drives the Water Treatment Chemicals industry.

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Water Treatment Chemicals Market Challenge:

Emerging Alternatives for Water Treatment Chemicals:

The emergence of water treatment technologies such as reverse osmosis (RO), ultrafiltration and UV disinfection act as a restraining growth factor in the Water Treatment Chemicals Market. The threat from advanced alternative technologies restricts the applicability of water treatment chemicals such as chlorine, chloramine, biocides, algaecides and others. In addition, the demand for sustainable technology for water treatment over conventional treatment chemicals is creating a major challenge. For instance, Environmental Protection Agency (EPA) regulates the usage of UV disinfection technology over chlorine-based biocides. This is one of the reasons the Water Treatment Chemicals Market faces a major growth slowdown.

Water treatment chemicals Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Water Treatment Chemicals Market. The top 10 companies in the Water Treatment Chemicals Market are:

1. BASF SE

2. Ecolab Inc.

3. Solenis LLC

4. Akzo Nobel N.V.

5. Kemira OYJ

6. Kurita Water Industries Ltd.

7. Air Products & Chemicals

8. Nalco-Ecolab

9. BWA Water Additives

10. Ion Exchange and others.

Acquisitions/ Technology Launches:

• In 2022, Solenis acquired Clearon Corp to expand its product portfolio in water treatment chemicals. This move aimed to enhance offerings for both residential and commercial pool water and spa treatment.

• In the same year 2022, Baker Hughes, along with Dussur, Saudi Aramco, and SABIC, entered into an agreement. The collaboration focused on supplying oilfield and industrial chemicals in the Saudi Arabia region.

[peterfernandas]

Zinc Nitrite Manufacturing Plant Project Report 2024: Industry trends and Plant Setup

Introduction

Zinc nitrite is an inorganic compound used in various applications, including the production of other zinc compounds, corrosion inhibitors, and as a nitrifying agent in the chemical industry. Its unique properties make it valuable across several sectors, including construction, automotive, and agriculture. With the increasing demand for zinc compounds in industrial applications, establishing a zinc nitrite manufacturing plant presents a significant business opportunity. This Zinc Nitrite Manufacturing Plant Project Report outlines the essential components necessary for setting up a successful manufacturing facility, including market analysis, production processes, equipment requirements, and financial projections.

Market Analysis

Industry Overview

The global market for zinc nitrite is expanding due to its widespread applications in various industries. The demand for corrosion-resistant materials, particularly in the automotive and construction sectors, is driving growth. Additionally, as environmental regulations become stricter, the need for effective corrosion inhibitors and sustainable chemical solutions is rising.

Target Market

The primary target market for zinc nitrite production includes:

Chemical Manufacturers: Companies that utilize zinc nitrite in the synthesis of other zinc compounds.

Construction Industry: Manufacturers of paints, coatings, and adhesives that require corrosion inhibitors.

Automotive Sector: Producers of vehicle components that need protective coatings to enhance durability.

Agriculture: Fertilizer manufacturers looking for effective nitrifying agents.

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Production Process

Raw Materials

The primary raw materials required for zinc nitrite production include:

Zinc Oxide: The main source of zinc for the synthesis of zinc nitrite.

Nitric Acid: A key reactant that provides the nitrite ion necessary for the formation of zinc nitrite.

Water: Used for the reaction and purification processes.

Manufacturing Steps

Preparation of Reactants: High-quality zinc oxide and nitric acid are sourced to ensure optimal reaction conditions.

Chemical Reaction: The production of zinc nitrite involves the reaction of zinc oxide with nitric acid. The reaction typically occurs in a controlled environment to prevent excessive heat and ensure complete conversion.ZnO+2HNO3→Zn(NO2)2+H2O\text{ZnO} + 2\text{HNO}_3 \rightarrow \text{Zn(NO}_2)_2 + \text{H}_2\text{O}ZnO+2HNO3​→Zn(NO2​)2​+H2​O

Neutralization: The resulting zinc nitrite solution may be neutralized if necessary to adjust the pH for further processing.

Crystallization: The zinc nitrite is then crystallized from the solution. This involves cooling the solution to promote the formation of solid zinc nitrite crystals.

Separation and Drying: The crystals are separated from the remaining solution through filtration or centrifugation. The separated zinc nitrite is then dried to obtain the final product in powder form.

Quality Control: Rigorous quality control measures are implemented throughout the production process to ensure that the final product meets industry standards and regulatory requirements.

Equipment Requirements

Establishing a zinc nitrite manufacturing plant requires specialized equipment, including:

Reactor Vessels: For conducting the chemical reactions between zinc oxide and nitric acid.

Filtration Units: For separating zinc nitrite crystals from the solution.

Centrifuges: To enhance the separation process.

Crystallizers: For promoting the crystallization of zinc nitrite.

Dryers: To remove moisture from the final product.

Quality Control Laboratory Equipment: For testing the purity and quality of the final product.

Facility Requirements

Location

Choosing an appropriate location for the manufacturing plant is critical. Proximity to raw material suppliers and access to transportation networks can help minimize operational costs and streamline distribution.

Space

The facility should have designated areas for:

Raw material storage

Production area

Crystallization and drying sections

Quality control laboratory

Finished product storage

Administrative offices

Utilities

Ensure the facility has access to essential utilities such as water, electricity, and waste management systems. Compliance with environmental regulations is vital for sustainable operations.

Financial Projections

Initial Investment

The initial investment required for establishing a zinc nitrite manufacturing plant can vary widely based on factors such as location, scale, and technology. Major cost components include:

Land and facility construction

Equipment procurement

Raw material costs

Labor and operational expenses

Regulatory compliance and marketing costs

Revenue Projections

With effective management, a zinc nitrite manufacturing plant can expect to break even within the first 3-5 years. Revenue can be generated through direct sales to chemical manufacturers, construction companies, and other industries requiring zinc nitrite.

Profitability

Profit margins in the chemical manufacturing sector can vary but typically range from 15-25%, depending on market demand and operational efficiency.

Marketing Strategy

To effectively market zinc nitrite, consider the following strategies:

Brand Development: Establish a strong brand identity that emphasizes the quality and effectiveness of the product.

Industry Networking: Attend trade shows and conferences to build relationships with potential clients in the chemical and construction sectors.

Digital Marketing: Utilize online platforms to promote products and reach a broader audience.

Educational Campaigns: Conduct campaigns to inform industries about the benefits and applications of zinc nitrite.

FAQ

1. What is zinc nitrite used for?

Zinc nitrite is primarily used as a corrosion inhibitor, a nitrifying agent in fertilizers, and in the production of other zinc compounds.

2. How is zinc nitrite produced?

Zinc nitrite is produced by reacting zinc oxide with nitric acid, followed by crystallization and drying processes.

3. What safety concerns are associated with zinc nitrite manufacturing?

Safety concerns include handling hazardous chemicals and managing emissions. Strict safety protocols and proper equipment are essential to mitigate risks.

4. What are the startup costs for a zinc nitrite manufacturing plant?

Startup costs can vary significantly based on location and scale, typically including land, equipment, raw materials, and labor. A detailed business plan will help estimate these costs accurately.

5. Can zinc nitrite be sold internationally?

Yes, zinc nitrite can be sold internationally, but compliance with various regulatory standards in different countries is essential for successful export and market entry.

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Ethyleneamines Market Analysis: Key Drivers and Regional Trends

The ethyleneamines market has gained significant attention over the past few years. With projections pointing towards steady growth from USD 2.2 billion in 2023 to approximately USD 2.9 billion by 2030, it's clear that ethyleneamines are set to play an even larger role in multiple industries. This article will delve into the market trends, growth drivers, key applications, and much more.

What Are Ethyleneamines?

Ethyleneamines are a group of compounds made primarily from ethylene dichloride and ammonia. They are essential components in various chemical reactions and have a broad range of applications, making them highly valuable in industries like agriculture, personal care, and pharmaceuticals.

Key Drivers Behind the Ethyleneamines Market Growth

The ethyleneamines market is experiencing consistent growth due to several key factors:

1. Increasing Demand in the Agriculture Industry

Ethyleneamines are vital in the production of agrochemicals like pesticides and fertilizers. As the global population continues to grow, the need for enhanced agricultural output is driving demand for these chemicals.

2. Expanding Use in Pharmaceuticals

Ethyleneamines are crucial in the production of several pharmaceutical compounds, including antibiotics and cancer treatments. The global expansion of the pharmaceutical industry is fueling their demand.

3. Rising Demand for Personal Care Products

Products like shampoos, lotions, and creams often contain ethyleneamines, which enhance their properties. The growing consumer awareness and demand for personal care items contribute to the market's growth.

4. Growth in Water Treatment Applications

Ethyleneamines are essential in water treatment processes, where they help remove harmful substances. As governments enforce stricter water treatment regulations, the need for ethyleneamines is on the rise.

5. Increasing Use in Textile Chemicals

Ethyleneamines play a significant role in producing textiles, particularly in dyeing and finishing processes. The textile industry’s rapid growth, particularly in developing countries, is a significant market driver.

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Market Segmentation of Ethyleneamines

1. By Type

Ethyleneamines come in different forms, each with unique applications:

Ethylenediamine (EDA): Widely used in the manufacture of bleach activators, fungicides, and chelating agents.

Diethylenetriamine (DETA): Used in the production of paper, rubber chemicals, and fuel additives.

Triethylenetetramine (TETA): Common in adhesives, coatings, and corrosion inhibitors.

Tetraethylenepentamine (TEPA): Important for surfactants, lubricants, and various other industrial products.

2. By Application

Agrochemicals: Ethyleneamines are integral in manufacturing herbicides, insecticides, and fungicides.

Pharmaceuticals: Used in the synthesis of active ingredients and intermediates.

Personal Care: Employed in formulating shampoos, lotions, and other cosmetic items.

Textile Industry: Critical for dyeing, softening, and finishing processes in fabric production.

Water Treatment: Used in water purification to remove contaminants and improve water quality.

Geographical Insights

The ethyleneamines market is segmented based on regions:

1. North America

North America remains a dominant player in the global ethyleneamines market, driven by the robust demand in the pharmaceutical and personal care industries. The U.S. and Canada are the key contributors to this market growth.

2. Europe

Europe’s growth is driven by its strong manufacturing sector, particularly in agrochemicals and pharmaceuticals. Countries like Germany and France are leading the market.

3. Asia-Pacific

The Asia-Pacific region is projected to witness the highest growth rate due to the rapid industrialization in countries like China, India, and Japan. Increasing demand for agrochemicals, pharmaceuticals, and textiles in these nations propels the ethyleneamines market.

4. Latin America and Middle East

These regions are expected to see moderate growth, largely due to expanding agricultural sectors and rising water treatment needs.

Challenges in the Ethyleneamines Market

Despite the positive outlook, the market faces several challenges:

1. Environmental Concerns

The production of ethyleneamines can release harmful by-products that may have environmental consequences. Stricter environmental regulations could potentially hinder market growth.

2. Fluctuating Raw Material Prices

The cost of raw materials like ethylene and ammonia can be volatile, impacting the overall cost structure of ethyleneamine production.

3. Intense Competition

The presence of established players in the market makes it highly competitive, which can affect profit margins.

Opportunities for Growth

1. Innovations in Product Development

Research and development into new and more sustainable ethyleneamine products are creating opportunities. Biodegradable and environmentally friendly ethyleneamines could open up new markets.

2. Growing Demand for Green Solutions

The push for sustainable and eco-friendly solutions is driving innovation in industries like agriculture and water treatment, where ethyleneamines can play a role in reducing environmental impact.

3. Emerging Markets in Developing Countries

Developing regions, particularly in Asia-Pacific, present untapped potential. As industrialization increases, so does the demand for ethyleneamines across various sectors.

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These companies are involved in expanding their market presence through partnerships, product development, and acquisitions to stay ahead of the competition.

Ethyleneamines Market Forecast (2023–2030)

The ethyleneamines market is projected to grow at a steady rate of 4.2% CAGR from 2023 to 2030. The rise in demand from key industries such as pharmaceuticals, agriculture, and personal care will be the primary growth drivers during this period. Technological advancements in product development will also contribute to this growth.

Conclusion

The ethyleneamines market is poised for sustained growth, with a projected increase in demand across multiple industries. The versatility of these compounds, coupled with expanding industrial applications, makes them essential for various sectors. While challenges such as environmental concerns and raw material costs exist, innovations and growing demand in emerging markets provide ample opportunities for expansion.

FAQs

1. What are ethyleneamines used for? Ethyleneamines are used in agrochemicals, pharmaceuticals, personal care products, water treatment, and the textile industry.

2. What is driving the growth of the ethyleneamines market? Growth is driven by the increasing demand for agrochemicals, pharmaceuticals, personal care products, and water treatment solutions.

3. Which region is expected to dominate the ethyleneamines market? The Asia-Pacific region is expected to witness the highest growth, while North America remains a dominant player.

4. What challenges does the ethyleneamines market face? Challenges include environmental concerns, fluctuating raw material prices, and intense competition among market players.

5. How is the market forecasted to grow by 2030? The ethyleneamines market is expected to grow from USD 2.2 billion in 2023 to USD 2.9 billion by 2030 at a CAGR of 4.2%.

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Gear Oil Prices | Pricing | Trend | News | Database | Chart | Forecast

 Gear oil prices have experienced fluctuations in recent years due to a variety of factors that influence global markets, including supply and demand dynamics, crude oil prices, and economic conditions. Gear oil is a lubricant essential for the smooth operation of mechanical systems, especially in vehicles and industrial machinery. It helps reduce friction, wear, and tear, ensuring that moving parts operate efficiently. Due to its specialized use, the cost of gear oil can significantly impact industries such as automotive, manufacturing, and construction, where efficient machinery operation is crucial.

One of the key factors that influence gear oil prices is the price of crude oil. As a derivative of crude oil, lubricants like gear oil are sensitive to changes in the oil market. When crude oil prices rise, the cost of producing gear oil also tends to increase, leading to higher market prices for consumers. Conversely, when crude oil prices fall, manufacturers may reduce the cost of gear oil, passing the savings onto consumers. However, these changes are not always immediate, as manufacturers often purchase crude oil futures contracts to hedge against price fluctuations, which can cause a delay in the impact on gear oil prices.

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Global economic conditions also play a significant role in determining the cost of gear oil. In times of economic growth, demand for industrial machinery and vehicles tends to rise, leading to an increase in the consumption of gear oil. This heightened demand can put upward pressure on prices. On the other hand, during economic downturns or recessions, demand for machinery and vehicles typically declines, leading to a reduction in the consumption of gear oil. In such cases, manufacturers may lower prices to stimulate demand or reduce production to avoid an oversupply situation, which can keep prices stable or even reduce them.

Another factor affecting gear oil prices is the cost of raw materials and additives used in its formulation. Gear oils are formulated with base oils and various additives that enhance their performance, such as anti-wear agents, corrosion inhibitors, and extreme pressure additives. The cost of these components can vary based on supply chain disruptions, environmental regulations, and technological advancements. For example, stricter environmental regulations may increase the cost of producing certain additives, which could lead to higher overall gear oil prices. Additionally, technological advancements in lubrication may introduce new, more efficient formulations that could command higher prices due to their superior performance.

Supply chain disruptions also have a direct impact on gear oil prices. Events such as natural disasters, geopolitical tensions, or labor strikes can interrupt the production and distribution of crude oil, base oils, or additives, leading to shortages in the market. When supply is constrained, prices tend to rise as manufacturers compete for limited resources. Conversely, when supply chain operations run smoothly, prices are more likely to remain stable. The recent global pandemic, for example, caused significant disruptions in many industries, including oil production and distribution, leading to temporary spikes in gear oil prices.

The type of gear oil being purchased also plays a role in its pricing. There are several types of gear oils available on the market, each designed for specific applications, such as automotive, industrial, or marine. Synthetic gear oils, which are engineered to offer superior performance and longer service intervals compared to conventional oils, tend to be more expensive. Their higher cost is justified by their enhanced properties, such as better resistance to oxidation, thermal stability, and extreme pressure conditions. In contrast, conventional mineral-based gear oils are generally more affordable but may require more frequent changes to maintain optimal performance in machinery.

Regional factors also influence the price of gear oil. Prices can vary depending on the location of production, transportation costs, and local demand. In regions where oil production is abundant, such as the Middle East or North America, gear oil prices may be lower due to the proximity to raw materials and refining facilities. However, in regions that rely heavily on imports for their oil supply, such as Europe or Asia, transportation and import costs can drive up the price of gear oil. Furthermore, local regulations, taxes, and environmental policies can affect the final price that consumers pay in different markets.

The automotive industry is a major consumer of gear oil, and changes in this sector can have a direct impact on prices. The growing popularity of electric vehicles (EVs), for example, may reduce demand for conventional gear oils used in internal combustion engine (ICE) vehicles, potentially leading to a shift in pricing dynamics. EVs require different types of lubricants, and as their market share increases, manufacturers may adjust production volumes of traditional gear oils, influencing prices accordingly. Additionally, advancements in automotive technology, such as the development of more fuel-efficient engines and transmissions, may reduce the amount of gear oil needed, which could also affect demand and pricing.

Environmental sustainability is another factor that could impact gear oil prices in the future. As industries and governments around the world place more emphasis on reducing carbon emissions and improving energy efficiency, there is a growing demand for lubricants that offer better environmental performance. Bio-based and biodegradable gear oils, for example, are gaining traction in certain markets due to their lower environmental impact. However, these environmentally friendly alternatives are often more expensive to produce than traditional gear oils, which could lead to higher prices for consumers who prioritize sustainability.

In summary, gear oil prices are influenced by a complex interplay of factors, including crude oil prices, economic conditions, raw material costs, supply chain disruptions, product type, regional variations, and changes in the automotive and industrial sectors. Understanding these dynamics can help businesses and consumers make informed decisions about when and where to purchase gear oil. As markets continue to evolve, especially with the growing emphasis on sustainability and technological innovation, it will be important for both manufacturers and consumers to stay informed about the factors that drive gear oil pricing in order to navigate the challenges and opportunities that lie ahead.

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[industryinsightsandanalysis]

Increasing operation complexity and depleting reservoirs are creating demand for oilfield chemicals

A comprehensive overview of the global oilfield chemicals market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the oilfield chemicals market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global oilfield chemicals market at regional and country levels. The global oilfield chemicals market is likely to showcase a growth of around 3% during the forecast period (2021-2027).

Market Overview

There is significant growth in urbanization and industrialization with this the demand for oil and gas is increasing. Currently, the oil and gas industry has become a crucial part of our society as all the industries whether manufacturing, automotive, pharmaceuticals, chemical, construction, and other requires oil and gas products. So, it has become essential to increase the production of oil and gas. To increase the production several operations have to be done including drilling and cementing to name a few. This will require a significant amount of chemicals for stabilizing and maintaining the environment of the wellbore. Further, for fulfilling the demand for energy requirements there is a rapid increase in the unconventional reservoirs like shale. This has also increased the demand for oilfield chemicals. Moreover, depleting oil wells have created concern among the oil & gas companies to maintain the reservoir productivity otherwise companies would find difficulties in maintaining business performance. For instance, the number of producing wells in the United States reached a high of 1,029,700 wells in 2014 and steadily declined to 969,140 wells in 2019.

The global oilfield chemicals market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By type, the market is primarily divided into:

Demulsifiers

Corrosion Inhibitors

Water Clarifiers

Biocides

Scale Inhibitors

H2S Scavenger

Paraffin Inhibitor

Gas Well Foamers

Rheology Modifiers

Friction Reducers

Others

Demulsifiers accounted for a significant share of the global oilfield chemicals market. During the crude oil production process, oil and water are mixed with each other thereby creating an emulsion due to a number of factors. This creates an undesirable situation because, before crude oil refining, the oil needs to be water-free as much as possible. A large amount of oil is produced on daily basis, thus a large amount of demulsifiers is used to break the oil-water emulsion.

Moreover, corrosion inhibitors also hold a prominent position in the market and is likely to showcase substantial growth over the forecast period. Nowadays, oil & gas companies are drilling deeper to produce crude oil due to depleting easily accessible reservoirs. However, deeper wells contain more saline water which can provide harm to the equipment and component that are installed in the borehole. Therefore, to mitigate such situations, corrosion inhibitors are used.

By process, the market is primarily divided into:

Drilling

Production

Cementing

Workover & Completion

The production process accounted for a significant share of the market. This can be attributed to the consumption of a vast number of chemicals in large quantities. Further, in the last few years, the US has produced a record high crude oil resulting in more demand for production chemicals. Chemicals commonly used in the production process include demulsifiers, corrosion inhibitors, water clarifiers, biocides, scale inhibitors, H2S scavengers, paraffin inhibitors, gas well foamers, rheology modifiers, and friction reducers, among others.

Moreover, increasing drilling and production activities to meet the growing demand coupled with the increasing focus on unconventional reservoirs are likely to increase the consumption of chemicals in the production process.

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Global Oilfield Chemicals Market Geographical Segmentation Includes:

North America (United States, Canada, Rest of North America)

Europe (Germany, UK, France, Italy, Spain, Rest of Europe)

Asia-Pacific (China, Japan, India, Australia, Rest of APAC)

Middle East & Africa (Saudi Arabia, UAE, Nigeria, and Rest of Middle East & Africa)

South America (Brazil, Argentina, and Rest of South America)

The North American region held a considerable position in the market owing to a large number of oil reservoirs and growing exploration & production activities mainly in the US and Canada. In the last several years the oil production activity in countries like the US has increased significantly owing to a large number of fracturing activities in the country and huge investments in technology during the early stages of demand. Further, improving per-capita income and disposable income is encouraging consumers to purchase large numbers of products, thereby increasing the demand for oil-based raw materials.  In addition, the governments in several countries are helping the industry in expansion by providing subsidies and creating policies, for instance, US Intangible Drilling Costs Deduction (26 U.S. Code § 263. Active) provision. This provision allows companies to deduct a majority of the costs incurred from drilling new wells domestically. In its analysis of President Trump’s Fiscal Year 2017 Budget Proposal, the Joint Committee on Taxation (JCT) estimated that eliminating tax breaks for intangible drilling costs would generate $1.59 billion in revenue in 2017 or $13 billion in the next ten years. All these factors directly or indirectly increase the overall oil & gas industry including oilfield chemicals.

BASF SE

The Lubrizol Corporation

Dow Inc.

Akzo Nobel N.V.

Solvay S.A.

Stepan Company

Schlumberger Limited

Halliburton Company

Clariant AG

Baker Hughes Company

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global oilfield chemicals market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

What are the latest trends, new patterns, and technological advancements in the global oilfield chemicals market?

Which factors are influencing the global oilfield chemicals market over the forecast period?

What are the global challenges, threats, and risks in the global oilfield chemicals market?

Which factors are propelling and restraining the global oilfield chemicals market?

What are the demanding global regions of the global oilfield chemicals market?

What will be the market size in the upcoming years?

What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know if you have any custom needs.

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[blueweave8]

Japan Water and Wastewater Treatment Market Insight, Outlook, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Japan Water and Wastewater Treatment Market size by value at USD 10.3 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Japan Water and Wastewater Treatment Market size to expand at a CAGR of 8% reaching a value of USD 17.4 billion by 2030. The Water and Wastewater Treatment Market in Japan is propelled the surging demand for water and wastewater treatment chemicals within municipal bodies and increased industrial production across various sectors. Stringent regulatory frameworks, particularly in industries like paper and pulp, food processing, and water processing, are driving the establishment of advanced treatment facilities designed to meet rigorous sustainability criteria. Environmental anxieties regarding water scarcity are additionally hastening the adoption of innovative wastewater treatment technologies. As a result, there is a notable uptick in the requirement for treatment chemicals such as pH control agents and biocides, playing a pivotal role in expanding Japan Water and Wastewater Treatment Market.

Opportunity – Increasing focus on water recycling and reuse

Japan’s increasing focusing on water recycling and reuse is expected to present significant growth opportunities for the players in Water and Wastewater Treatment Market. Since the 1980s, Japan has implemented non-potable water reuse in urban areas, primarily for purposes such as toilet flushing and landscape irrigation. However, challenges such as inadequate quality standards and high energy consumption in reclamation facilities have limited broader adoption. Recent technological advancements, exemplified by initiatives like the CREST project, demonstrate Japan's commitment to overcoming these obstacles. Technologies like ultrafiltration combined with ultraviolet radiation have proven effective in virus removal at reduced costs, facilitating agricultural water reuse. Innovations, such as WOTA's decentralized water recycling systems, deployed during natural disasters like the 2024 Noto Peninsula Earthquake, highlight Japan's leadership in adaptive water management solutions. As Japan continues to enhance its water treatment infrastructure and technology, innovations and growing efforts not only address immediate challenges but also open doors for sustainable growth in the water sector. As a result, Japan Water and Wastewater Treatment Market is expected to grow at a significant rate over the forecast period.

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Coagulants & Flocculants Chemical Type Dominates the Market

Japan Water and Wastewater Treatment Market, on the basis of chemical type, is segmented into Corrosion Inhibitors, Biocides & Disinfectants, Coagulants & Flocculants, Chelating Agents, Anti-Foaming Agents, PH Adjusters & Stabilizers, and Others (Including Scale Inhibitors). Among them, the coagulants & flocculants segment accounts for the highest share in Japan Water and Wastewater Treatment Market by chemical type, crucially facilitating the removal of suspended particles such as dirt, bacteria, and contaminants from water. Coagulants function by destabilizing and aggregating particles, simplifying their extraction, while flocculants aid in forming larger, denser particles that can be efficiently filtered or settled out. These chemicals find extensive application across municipal, industrial, and wastewater treatment sectors, meeting the escalating global demand for purified water and driving their widespread adoption. Ongoing advancements in coagulant and flocculant technologies are anticipated to further propel market expansion. These innovations continuously enhance the effectiveness and efficiency of water purification processes, reinforcing the segment's pivotal role in maintaining water quality standards.

Impact of Escalating Geopolitical Tensions on Japan Water and Wastewater Treatment Market

Intensifying geopolitical tensions can have a multifaceted impact on Japan Water and Wastewater Treatment Market. Conflicts among countries may disrupt supply chains for treatment components, increase cybersecurity risks to critical infrastructure, and hinder international research and development collaborations. Trade restrictions could also restrict access to advanced technologies, prompting Japan to bolster domestic production and expedite research towards achieving water treatment self-sufficiency. Any disruptions in international relations could impede the flow of critical resources and expertise, potentially delaying market growth and modernization initiatives. Additionally, essential materials such as aluminum sulfate and mineral oil, vital for manufacturing water treatment chemicals, may see price hikes given Japan's heavy reliance on Russian energy amidst escalating costs. Consequently, escalating geopolitical tensions across the major regions may affect the growth of Japan Water and Wastewater Treatment Market.

Competitive Landscape

Japan Water and Wastewater Treatment Market is highly fragmented, with numerous players serving the market. The key players dominating the market include Veolia, KUBOTA Corporation, Organo Corporation, FujiClean Co., Ltd, METAWATER CO., LTD, SINTOKOGIO, LTD, Kurita Water Industries Ltd, ASAHI CHEMICAL & INDUSTRIAL CO., LTD, Tohkemy Corporation, and Hitachi Zosen Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Japan Water and Wastewater Treatment Market.

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[palvichemical]

Impact of Regulatory Changes on the Ammonium Hepta Molybdate Market: A Focus on Palvi Chemical Industries Limited

Impact of Regulatory Changes on the Ammonium Hepta Molybdate Market: A Focus on Palvi Chemical Industries Limited

In the ever-evolving chemical industry, regulatory changes play a crucial role in shaping market dynamics. For companies like Palvi Chemical Industries Limited, a prominent Ammonium Hepta Molybdate manufacturer in India and a key Ammonium Tetra Molybdate supplier and exporter in UAE, staying ahead of these changes is vital. This blog delves into the impact of recent regulatory shifts on the Ammonium Hepta Molybdate market and how Palvi Chemical Industries Limited is navigating this landscape.

Understanding Ammonium Hepta Molybdate

Ammonium Hepta Molybdate, a molybdenum compound, is widely used in various industrial applications, including catalysts, pigments, and corrosion inhibitors. As a key player in the market, Palvi Chemical Industries Limited has established itself as a reliable Ammonium Hepta Molybdate manufacturer in India.

Market Implications

The regulatory changes have both challenges and opportunities for the Ammonium Hepta Molybdate market. While compliance with new regulations may increase operational costs, it also opens up avenues for innovation and market differentiation. Palvi Chemical Industries Limited leverages its expertise and adaptability to turn these challenges into growth opportunities.

Strategic Initiatives by Palvi Chemical Industries Limited

Innovation in Production:

Investing in R&D to develop eco-friendly production methods.

Collaborating with industry experts to stay abreast of regulatory trends and technological advancements.

Market Expansion:

Exploring new markets and strengthening their presence as an Ammonium Tetra Molybdate exporter in UAE.

Building strong relationships with international clients through reliable supply and consistent quality.

Sustainability Efforts:

Implementing green practices across their operations to reduce environmental impact.

Promoting sustainable use of resources through efficient waste management and recycling initiatives.

Conclusion

Navigating the impact of regulatory changes in the Ammonium Hepta Molybdate market requires agility, foresight, and a commitment to excellence. Palvi Chemical Industries Limited, with its strategic initiatives and unwavering focus on quality, stands resilient amidst these changes. As a leading Ammonium Hepta Molybdate manufacturer in India and a trusted Ammonium Tetra Molybdate supplier and exporter in UAE, they continue to set benchmarks in the industry.

For more information about Palvi Chemical Industries Limited and their products, visit their website. Stay informed about regulatory updates and industry trends to make well-informed decisions for your business.

[theinsightweb]

Driveline Additives Market Segments, Sales, Profits and Growth to 2031

The most recent research study by The Insight Partners, “Driveline Additives Market - Trends, Size, Share, and Growth to 2031,” offers a detailed market analysis covering market dynamics, growth opportunities, trends, and segmentation. Driveline Additives Market predictions are presented in this report based on revenue size, CAGR, consumption, technologies, trends, and other critical information.

The report highlights market drivers, and restraints in this market while providing an analysis of recent developments and next trends. Comprehensive Driveline Additives market report presents a dashboard of historical and present market performance. Analysis of key companies contributing to the growth of Driveline Additives market share in the projected period.

The study also focuses on the current market scenario and the range of factors that can impact different region’s Driveline Additives markets in the future. The detailed perspective on the competitive landscape and in-depth supply chain analysis under this report assist businesses in identifying shifting industry practices. This report evaluates the current state of the market and anticipated future growth. Furthermore, technological advancements and investment opportunities, financial data, and market economics are perks of this report.

This report further offers insights on drivers, restraints, current trends, and financial prospects to forecast the year. Precision and validity are key qualities of this research, making The Insight Partners a trusted market research company.

Knowing the state of rivals is a strategically right move to outperform them. This report is the right place to explore key strategies, developments, and recent launches by Driveline Additives key market players. This report emphasizes an analysis of business strategies and expected growth opportunities for brands.

Why Buying this Report Could be Your next Strategic Move?

Learn detailed market information, competition, and SWOT analysis.

To ascertain Driveline Additives market growth carefully by evaluating value, volume, and CAGR data at the national level.

To gain knowledge on market dynamics, unrealized growth opportunities, challenges, and main drivers of the market.

Review recent developments and strategic insights taking into consideration new launches, agreements, and mergers.

Know lucrative spaces to invest in the Driveline Additives market globally and regionally.

The report attempts to offer answers on:

What’s the projected growth rate CAGR by the 2031?

How big is the Driveline Additives market anticipated to be throughout the estimated period?

Who are the major market participants in the market?

What are the main restraints ahead of Driveline Additives market players?

Which are the key segments in the market?

Report Attributes

Details

Segmental Coverage

Product Type

Transmission Fluid Additives

Gear Oil Additives

Others

Additive Type

Dispersants

Viscosity Index Improver

Detergents

Anti-wear Agents

Antioxidants

Corrosion Inhibitors

Friction Modifiers

Emulsifiers

Others

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

AftonChemicalCorp.

BASFSE

ChevronOroniteCompany

DowChemicalCompany

EvonikIndustries

InfineumInternationalLtd.

InternationalPetroleumandAdditivesCompanyInc.

PetroleumChemicals,LLC.

TheLubrizolCorporation

VPSLubricants

Other key companies 

Need a Customized Market Research Report?

You can always share any specific requirements that you have, and our team will adjust the scope of research offerings as per your needs.

The following are some customizations our clients frequently ask for:

The Driveline Additives market report can be customized based on specific regions/countries as per the intention of the business

The report production was facilitated as per the need and following the expected time frame

Insights and chapters tailored as per your requirements.

Depending on the preferences we may also accommodate changes in the current scope.

Key Questions Addressed in the Driveline Additives Market Research Include:

What are present Driveline Additives market values, and what can be expected in the upcoming decade?

What are the key segments in the Driveline Additives market?

What is the regional distribution of the Driveline Additives market report?

What are the key players and their recent strategies?

What are the key factors driving Driveline Additives market growth?

What are regulatory concerns and requirements businesses have to compel?

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us: www.theinsightpartners.com

[trendingreportz]

Water Treatment Additives Market - Forecast(2024 - 2030)

Water Treatment Additives Market Overview

The water treatment additives market size is forecasted to reach US$35.0 billion by 2027, after growing at a CAGR of around 4.1% from 2022 to 2027. The water treatment additives are chemical products added as conditioners that purify the water and improve the quality. The water treatment additives such as corrosion inhibitors, disinfectants, defoamers, coagulants, and others are used in the water purification and treatment applications across various industries. The growing demand of water treatment additives in major end-use industries such as chemical, food and beverage, water and wastewater treatment, and others is creating a drive in the market. Furthermore, the water scarcity concerns will offer major demand in the water treatment additives market and growth opportunities during the forecast period.

COVID-19 Impact

The water treatment additives industry was majorly impacted by the global slowdown during the covid-19 outbreak. The water treatment additives have high demand in chemical, oil and gas, and other sectors. The oil and gas industry was majorly impacted and faced major disruption in the pandemic. The factors such as demand and supply gap, closure of oil and gas production and exploration plants, and volatility and oil prices led to a major decline in the growth prospects for oil and gas sector. Moreover, slowdown in production activities, falling demand, and supply chain disturbances impacted the growth in the market. According to the International Energy Association (IEA), the global oil demand stood at 99.9 million barrels per day in 2020, showing a decline of 90,000 barrels per day from 2019. The fall in growth of oil and gas sector led to decline in the application of water treatment additives and demand in the market. Thus, with restricted demand and applications in major end use industries, the water treatment additives market faced major slowdown in the covid-19 outbreak.

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Report Coverage

The “Water Treatment Additives Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the water treatment additives industry.

By Type: Coagulants, Corrosion Inhibitors, Disinfectants, Dechlorinating Agent, pH Conditioners, Defoamer, and Other By Form: Solid and Liquid By Application: Drinking Water Purification, Sewage Systems, Steam Boilers, Cooling Water Systems, and Other By End Use Industry: Food and Beverage (Whiskey, Juices, and Others), Power Industry, Oil & Gas, Water and Wastewater Treatment Industry, Paper & Pulp, Mining, Chemicals Industry, And Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

The water treatment additives market size will increase owing to its growing application for water and wastewater treatment, drinking water purification, sewage systems treatment, and others during the forecast period.

The Asia Pacific is the fastest growing region in the water treatment additives industry owing to flourishing emphasis on clean drinking water.

The demand of coagulants as major water treatment additives is rising due to its application in water treatment and purification in major industries such as oil and gas, chemical, and others.

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Water Treatment Additives Market Segment Analysis – By Type

By type, the coagulant is the fastest growing segment and is expected to grow with a CAGR of around 5.2% during the forecast period. The growing usage of coagulants for water and wastewater treatment applications, sewage systems, industrial water treatment, and others is offering high demand in the market. The demand of coagulants in water treatment plants is growing owing to its usage in removal of solid waste from the water and oil purification across various end-use industries, majorly oil and gas. Moreover, the growing development in the oil and gas plants across the world is boosting the demand of coagulants for water treatment applications and oil purifications. According to the U.S. Energy Information Administration (EIA), around 1.9 million barrels per day consumption of liquid fuels and petroleum is estimated for 2023 to average 101.5 million barrels per day. Thus, with increasing demand of water treatment additives, majorly coagulants for solid waste removal and purification across major industries, the water treatment additives market will grow rapidly during the forecast period.

Water Treatment Additives Market Segment Analysis – By End-Use Industry

By end-use industry, the water and wastewater treatment segment held the largest water treatment additives market share in 2021, with a share of over 24.0%. The high demand of water treatment additives in the water and wastewater treatment sector is influenced by growing awareness for wastewater recycling, safe drinking water scarcity, and increasing usage of clean water across various industries. The treatment additives such as defoamers, corrosive inhibitors, biocides, coagulants, disinfectants, sodium bicarbonate, and others are widely used in treating the municipal wastewater, sewage water distribution, and others. Moreover, growing wastewater plants set-up across the globe is propelling the growth of water treatment additives. According to the United Nations Water, around 56% of household wastewater flows were treated in the year 2020 globally. Thus, with increasing application of water treatment additives in water and wastewater treatment sector for offering clean and safe drinking water, the global water treatment additives market will grow rapidly during the forecast period.

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Water Treatment Additives Market Segment Analysis – By Geography

By geography, the Asia Pacific is the fastest-growing region in the water treatment additives market and is expected to grow with a CAGR of around 5.9% during the forecast period. The high demand of water treatment additives in this region is influenced by its growing demand for water purification, and treatment procedures across various end-use industries such as wastewater, oil and gas, chemical, and others. Furthermore, the rise in demand of water treatment additives in the chemical processing sector is propelling the growth in the market. According to the European Chemical Industry Council (CEFIC), the chemical output growth in China accounted for 2.9% in 2020. Moreover, the development in the wastewater treatment and clean drinking water projects in APAC region is boosting the demand of water treatment additives. Thus, with a flourishing emphasis on water purification and treatment applications across major industries such as chemical, oil & gas, power, and others, the water treatment additives industry will grow rapidly during the forecast period.

Water Treatment Additives Market– Drivers

Favorable regulations for water and wastewater treatment

The water scarcity and limited availability of purified water is accelerating the growth of water treatment additives. The requirement of clean water across various end-use industries is influencing the growth of water treatment chemicals and additives. The strict regulations by government to recycle the wastewater and treat contaminated water is offering a major drive in the market, thereby boosting the application of water treatment chemicals and additives such as chlorine dioxide, algicide, biocides, disinfectants, and others. According to the Organization for Economic Co-Operation and Development (OECD), around 92.86% of the public in Australia is connected to a wastewater treatment in 2020. Thus, with increasing concerns for the treatment of water and wastewater, the water treatment additives industry is experiencing major growth.

High demand in the oil and gas sector

The water treatment additives such as chlorine dioxide, coagulants, corrosion inhibitors, disinfectants, and others have major demand in the oil and gas sector. The petroleum refineries use water and steam for various processes such as FCC, cooling towers, steam generators, and others. The rising scarcity of clean water in oil and gas is propelling the demand for water treatment additives. Furthermore, the demand of water and wastewater treatment in onshore as well as offshore sector is riding. According to the India Brand Equity Foundation (IBEF), the oil demand in India is expected to reach 11 million barrels per day by the year 2045. Thus, with major application and flourishing demand or water treatment additives and chemicals in oil and gas sector, the water treatment additives market is experiencing a major growth.

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Water Treatment Additives Market– Challenges

Hazardous nature of water treatment additives and alternate treatment technologies

The water treatment additives have a growing demand for treatment of the water and purification systems. However, the health hazards associated with various additives and chemicals such as chlorine dioxide, biocides, and others is offering a major challenge in the market. The risks of health hazards such as respiratory system irritation, skin issues, nervous system complications, gastrointestinal tract issues, and other creates a hamper. Moreover, the availability of alternative water treatment technologies such as RO filtration, UV disinfection, and others creates challenge in the market. Thus, with regulations on the hazardous water treatment chemicals and availability of eco-friendly alternatives is leading to slowdown and restricted growth for the water treatment additives industry.

Water Treatment Additives Industry Outlook

The water treatment additives top 10 companies include:

1. BASF SE 2. Kemira OYJ 3. Aqua Tech International 4. TG Water Additives LLC 5. RX Marine International 6. Suez S.A. 7. Solenis LLC 8. Ecolab Inc. 9. 3M Purification 10. GE Water & Process Technologies

Recent Developments

In November 2021, the Platinum Equity completed the acquisition of Solenis LLC, a leading water treatment chemical company. Thus, this acquisition will provide growth and diverse portfolio in the water treatment additives industry.

In October 2021, the Usalco, LLC, a leading producer of water treatment chemicals announced the acquisition of the water treatment business of Altivia for municipal and wastewater and industrial applications. This acquisition expanded the coagulant product offering in the market.

In June 2021, the Kemira announced two major investments for expanding the capacity of water treatment chemicals at Yangzhou site in China for serving growth in the water treatment in the Asia Pacific region.