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luckydige45 · 3 months ago

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According to Statifacts, the U.S. downstream processing market size is calculated at USD 14,880 million in 2025 and is expected to reach around USD 49,940 million by 2034, growing at a CAGR of 14.4% from 2025 to 2034.

#U.S. Downstream Processing Market Size

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siddhesh7011 · 13 days ago

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Acetophenone Market Growth Analysis, Market Dynamics 2025

Market Valuation: The global Acetophenone market, valued at US$ 217.98 million in 2022, is projected to grow significantly, reaching US$ 231.10 million by 2029. This forecast reflects a Compound Annual Growth Rate (CAGR) of 3.04% during the forecast period from 2023 to 2029.

Get free sample of this report at : https://www.intelmarketresearch.com/life-sciences/104/acetophenone

Regional Market Insights

United States:

Market Estimate: The USA market for Acetophenone is expected to witness growth, increasing from $ 27.67 million in 2023 to reach $ 32.16 million by 2029.

CAGR: This represents a CAGR of 2.53% during the forecast period from 2023 through 2029.

China:

Market Estimate: The Chinese market for Acetophenone is forecasted to rise from $ 88.63 million in 2022 to $ 96.82 million by 2029.

CAGR: The projected CAGR for this period is estimated at 3.46%.

Key Manufacturers

Major Players: The major global manufacturers of Acetophenone include INEOS, Haicheng Liqi, SI Group, Mitsui Chemicals, Versalis, Seqens, Xingli Huiyuan, DOMO Chemicals, Solvay, among others.

Market Concentration: In 2022, the top three vendors globally accounted for approximately 32.26% of the revenue in the Acetophenone market.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Acetophenone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Acetophenone.

The Acetophenone market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Acetophenone market comprehensively. Regional market sizes, concerning products by type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Acetophenone manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by Application, and by regions.

By Company

INEOS

Haicheng Liqi

SI Group

Mitsui Chemicals

Versalis

Seqens

Xingli Huiyuan

DOMO Chemicals

Solvay

Haiwang Fine Chemical

Zhongliang

Yingyang Favors & Fragrance

Segment by type

Cumene Process

Ethylbenzene Process

Segment by Application

Industrial Solvent

Pharmaceutical Industry

Flavour and Fragrance

Others

Production by Region

China

Europe

USA

Japan

Consumption by Region

North America

U.S.

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

South America

Mexico

Brazil

Latin America, Middle East & Africa

Brazil

Mexico

Argentina

GCC Countries

Turkey

Opportunities in the acetophenone market:

Increased demand from fragrances and flavors industry. Acetophenone is used in manufacturing various fragrances and flavors. Growing personal care and food & beverage industries will boost demand.

Pharmaceutical applications. Opportunities to develop new active pharmaceutical ingredients (APIs) and drugs where acetophenone can be used as an intermediate or precursor.

Specialty chemical manufacturing. Explore more applications as a building block chemical in producing agrochemicals, polymers, resins, coatings etc.

New product development. Integrate downstream to develop formulations containing acetophenone for specific end-use industries.

Regional capacity expansions. Countries like China, India have large fragrances production bases. Opportunity to set up or expand local facilities.

Technology upgrades. Adopt innovative production technologies to improve yields and operating efficiencies.

Market penetration in emerging nations. Demand growth in developing countries presents opportunities.

Mergers and acquisitions. Consolidation activities allow companies to enhance production capabilities and geographical reach.

Get free sample of this report at : https://www.intelmarketresearch.com/download-free-sample/104/acetophenone

#chemicals and materials #marketgrowth

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aimarketresearch · 24 days ago

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Vapour Recovery Units Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

Vapour Recovery Units Market - Size, Share, Demand, Industry Trends and Opportunities

Global Vapour Recovery Units Market, By Type (Convectional Vapour Recovery Unit and Ejected Vapour Recovery Unit), Process (Absorption, Condensation and Membrane Separation), Application (Upstream and Downstream in Oil and Gas, Landfills and Pharmaceuticals) Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends.

Access Full 350 Pages PDF Report @

**Segments**

- **By Type**: The Vapour Recovery Units market can be segmented based on the type into Adsorption and Condensation. - **By Application**: In terms of application, the market can be segmented into Oil & Gas, Landfills, Petrochemical, and Pharmaceuticals. - **By End-User**: The market can be further divided by end-users which include Refineries, Gas Processing Plants, Chemical Recovery Plants, and Landfills.

**Market Players**

- **Zeeco, Inc.**: Zeeco offers complete Vapor Recovery Unit (VRU) packages that are designed and manufactured to provide effective emission control solutions. - **John Zink Hamworthy Combustion**: A global leader in emissions-control systems and clean-air solutions, offering a range of Vapor Recovery Units for various industrial applications. - **AEREON**: AEREON provides comprehensive vapor recovery and emissions control solutions for the oil and gas industry, including Vapor Recovery Units. - **Symex Technologies**: Specializing in vapor recovery and emission control technology, Symex Technologies offers innovative solutions for various end-users in different sectors.

The global Vapour Recovery Units market is witnessing significant growth due to the increasing environmental concerns and stringent regulations regarding volatile organic compound (VOC) emissions. The market is driven by the rising demand for effective emission control solutions across various industries such as oil & gas, petrochemical, and pharmaceuticals. The segmentation based on type showcases the versatility of VRU solutions, with both adsorption and condensation technologies playing a crucial role in capturing and processing vapors. The application segment highlights the diverse uses of VRUs, from minimizing emissions in landfills to enhancing safety in refineries and gas processing plants. End-user segmentation further emphasizes the broad spectrum of industries benefiting from VRU technologies, indicating a widespread adoption across different sectors.

Key market players such as Zeeco, Inc., John Zink Hamworthy Combustion, AEREON, and Symex Technologies are at the forefront of providingThe global Vapor Recovery Units (VRU) market is experiencing robust growth driven by the growing focus on environmental sustainability and the enforcement of stringent regulations pertaining to volatile organic compound (VOC) emissions. The demand for effective emission control solutions is on the rise across various industries such as oil & gas, petrochemical, and pharmaceuticals, propelling the market forward. Zeeco, Inc., a key player in the market, offers comprehensive VRU packages that are tailored to deliver efficient emission control solutions. With a focus on Adsorption and Condensation technologies, Zeeco's offerings cater to a wide range of industrial applications, ensuring compliance with emission standards.

Another prominent market player, John Zink Hamworthy Combustion, is a global leader in emissions-control systems, providing a diverse range of Vapor Recovery Units for different industrial applications. Their innovative solutions help industries achieve better emission control and adhere to environmental regulations effectively. AEREON, another significant player in the market, specializes in providing vapor recovery and emissions control solutions tailored for the oil and gas industry. Their expertise in VRU technologies contributes to mitigating environmental impact while improving operational efficiency for their clients in the sector.

Symex Technologies, a key player in vapor recovery and emission control technology, offers cutting-edge solutions for various end-users across different sectors. Their innovative approach to VRU technologies addresses the growing need for sustainable practices in emissions control, further driving the market's growth. These market players are instrumental in shaping the VRU market landscape, continuously innovating to meet the evolving demands of industries seeking effective emission control solutions.

The segmentation of the VRU market based on type, application, and end-user underscores the versatility and widespread adoption of VRU technologies across industries. The diverse applications of VRUs in sectors such as oil & gas, landfills, petrochemical, and pharmaceuticals demonstrate the broad spectrum of industries benefiting from emission control solutions. The segmentation by end-users, including refineries, gas processing plants, chemical recovery plants, and landfills**Segments**

- **By Type**: The Vapour Recovery Units market offers two primary types of technologies: Adsorption and Condensation. Adsorption technology involves capturing vapors on a solid surface, while condensation technology condenses vapors into liquid form for recovery and processing. - **By Application**: The market caters to various applications including Oil & Gas, Landfills, Petrochemical, and Pharmaceuticals, where VRUs play a crucial role in minimizing emissions and ensuring environmental compliance. - **By End-User**: End-user segmentation includes Refineries, Gas Processing Plants, Chemical Recovery Plants, and Landfills, showcasing the diverse industries benefiting from VRU technologies for emission control and environmental sustainability.

Global Vapour Recovery Units Market, By Type (Convectional Vapour Recovery Unit and Ejected Vapour Recovery Unit), Process (Absorption, Condensation and Membrane Separation), Application (Upstream and Downstream in Oil and Gas, Landfills and Pharmaceuticals) Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 202

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

Key Coverage in the Vapour Recovery Units Market Report:

Detailed analysis of Vapour Recovery Units Market by a thorough assessment of the technology, product type, application, and other key segments of the report

Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period

Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth

Comprehensive analysis of the regions of the Vapour Recovery Units industry and their futuristic growth outlook

Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies

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#market analysis #market trends #market report

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industrystudyreport · 2 months ago

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Investing in Disposables: Opportunities in the U.S. Single-use Bioprocessing Market

U.S. Single-use Bioprocessing Market Growth & Trends

The U.S. Single-Use Bioprocessing Market size was estimated at USD 9.34 billion in 2024 and is projected to grow at a CAGR of 15.04% from 2025 to 2030. Due to the high demand for biopharmaceuticals, suppliers have made their disposable product offerings more robust and inclusive. Single-use equipment suppliers are trying to fulfill end users' growing and ever-changing expectations. Furthermore, significant technological advancements in bioreactor designs, mixing systems, fluid assemblies, and liner technologies are anticipated to drive the implementation of single-use technology for biopharmaceutical developments & advancements.

The U.S. single-use bioprocessing industry experienced a positive impact from the COVID-19 pandemic, particularly due to the increased demand for single-use products driven by the heightened need for vaccines, treatments, and assays. These products played an important role in facilitating the rapid scaling up of production by biopharmaceutical companies to meet the unprecedented global demand for vaccines. The pandemic underscored the importance of maintaining sterility and minimizing contamination risks in pharmaceutical and biologics production, highlighting the significance of single-use products in such scenarios.

Furthermore, the benefits of using SUT, such as significant cost reduction in capital, decreased time in operation & construction of a facility, and environmental sustainability, have supported the implementation of single-use systems in the bioprocessing market. The current industry trend of perfusion and continuous cell culture in bioprocessing has greatly enabled the use of single-use equipment. Single-use technologies offer enhanced mobility, ease of sampling, higher productivity, and faster product changeovers, further boosting their implementation in the biopharmaceutical industry. The following figure represents the usage of single-use disposables in biopharmaceutical manufacturing.

In addition, membrane adsorbers and columns for downstream chromatography have provided faster product output with decreased processing time and are now the single-use alternative to resins. For instance, drug product-filling operations can be carried out in single-use systems. For instance, in August 2023, Trelleborg Healthcare and Medical launched the BioPharmaPro family of advanced products and services for fluid path single-use equipment to boost the development of advanced therapies. Similarly, in February 2021, Cytiva acquired Varnx Pharmasystems, a Canadian aseptic filling innovator, and brought single-use flow paths for drug product filling. Due to the growth in single-use trends, the single-use workstation for filling and sterile operations will pose a great opportunity for the players in this market.

With the continued demand for biopharmaceuticals, CMOs have adopted these single-use systems for highly dynamic and frequent changes in product portfolios. Some of the major factors for the adoption of this technology by the CMOs are ease of use, flexibility, energy & capital cost reduction features, and decreased turnaround time for product changeover. Due to the benefits above and process advantages like performance efficiency, SUS has allowed CMOs to transition between product campaigns quickly. The adoption of SUS has resulted in CMOs building multiproduct facilities and providing enhanced services for faster market penetration of commercial products. For instance, in October 2024, Lonza acquired Roche’s Genentech facility in Vacaville for USD 1.2 billion. This strategic move significantly expanded its large-scale biological manufacturing capacity, catering to the growing demand for mammalian therapies.

Curious about the U.S. Single-use Bioprocessing Market? Download your FREE sample copy now and get a sneak peek into the latest insights and trends.

U.S. Single-use Bioprocessing Market Report Highlights

The simple & peripheral elements segment held the largest market share of 48.54% in 2024 due to continuous innovations in these products and the increasing prominence of bioprocessing operations in manufacturing.

The apparatus & plants segment is anticipated to grow at a significant CAGR of 14.75% from 2025 to 2030. The apparatus and plants segment observed significant penetration in the bioprocessing market due to the variety of single-use bioreactors available.

The upstream segment dominated the U.S. market with a share of 57.80% in 2024 and is anticipated to grow at the fastest CAGR over the forecast period.

In 2023, biopharmaceutical manufacturers held the largest market share in the end use segment and are anticipated to grow at the fastest CAGR over the forecast period.

U.S. Single-use Bioprocessing Market Segmentation

Grand View Research has segmented the U.S. Single-use bioprocessing market report based on product, workflow, and end use.

Product Outlook (Revenue, USD Million, 2018 - 2030)

Simple & Peripheral Elements

Tubing, Filters, Connectors, & Transfer Systems

Bags

Sampling Systems

Probes, Sensors, & Flow Meters

pH Sensor

Oxygen Sensor

Pressure Sensors

Temperature Sensors

Conductivity Sensors

Flow Meters & Sensors

Others

Apparatus & Plants

Bioreactors

Upto 1000L

Above 1000L to 2000L

Above 2000L

Mixing, Storage, & Filling Systems

Filtration System

Chromatography Systems

Pumps

Others

Work Equipment

Cell Culture System

Syringes

Others

Workflow Outlook (Revenue, USD Million, 2018 - 2030)

Upstream

Fermentation

Downstream

End Use Outlook (Revenue, USD Million, 2018 - 2030)

Biopharmaceutical Manufacturer

CMOs & CROs

In-house Manufacturer

Academic & Clinical Research Institutes

Download your FREE sample PDF copy of the U.S. Single-use Bioprocessing Market today and explore key data and trends.

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chemanalystdata · 3 months ago

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U.S. Tungsten Prices 2025, Size, Trend, Graph, News and Forecast

In Q4 2024, the North American tungsten market registered a modest quarter-on-quarter increase of 0.5%, with Tungsten Bar W-4 (99.9%) CFR San Diego priced at USD 87,800/MT by quarter’s end. This slight upward trend occurred despite ongoing supply chain disruptions and fluctuating demand. The market's resilience was underpinned by strategic responses to geopolitical and economic headwinds.

In the U.S., the manufacturing sector showed signs of recovery, though remained below pre-pandemic benchmarks. Supply conditions were heavily influenced by global factors, particularly China’s dominance in tungsten processing and the anticipation of a 25% tariff on Chinese imports. This spurred precautionary buying in December, contributing to year-end stockpiling. Tight supply conditions were exacerbated by low mining inventories and scheduled maintenance shutdowns. On the demand side, the aerospace, defense, and electronics sectors provided steady support, while automotive sales saw a notable uptick. However, demand from carbide and hard alloy manufacturers weakened due to reduced orders and narrowing profit margins, reflecting uneven market sentiment. Overall, cautious optimism prevailed, with expectations of strategic recalibration in 2025.

Get Real time Prices for Tungsten: https://www.chemanalyst.com/Pricing-data/tungsten-1606

Tungsten prices in Europe edged up 0.5% quarter-on-quarter in Q4 2024, signaling a stable market environment supported by consistent supply and firm demand across core sectors. In Germany, the market benefited from domestic production enhancements, notably the Saxon Mining Authority’s approval of a new mine in the Ore Mountains. However, elevated energy costs continued to weigh on manufacturing competitiveness.

Demand remained robust, particularly from the defense and automotive industries. Collaborative efforts, such as the production of advanced tank munitions and increased vehicle manufacturing, sustained consumption levels. The aerospace sector also contributed significantly, bolstered by large contracts like Airbus Helicopters’ order for 82 H145M units. Despite lingering supply chain pressures and subdued confidence in manufacturing, stable imports from China and other sources helped maintain equilibrium. By the end of the quarter, Tungsten Bar (99.9%) prices in Germany reached USD 75,872/MT, underscoring the region’s ability to navigate broader macroeconomic challenges.

In Q4 2024, the APAC tungsten market experienced a 1.0% price decline, driven by tepid demand and stable supply. Strategic inventory management across the region helped mitigate volatility, though oversupply in China and restrained downstream procurement continued to suppress prices.

Vietnam’s market performance was mixed. Early-quarter gains were supported by a manufacturing rebound, marked by increased output and new orders. However, persistent supply chain issues and limited post-production stock tempered growth. Initial strength in the automotive sector, spurred by government incentives, faded toward quarter-end as vehicle sales declined. A slowing manufacturing sector and weaker foreign demand further pressured tungsten consumption. While imports played a growing role in meeting demand, inconsistent supply flows and high input costs added complexity. By the close of the quarter, Tungsten Bar W-4 (99.9%) CFR Hai Phong was priced at USD 45,120/MT, reflecting the region's ongoing market challenges and a cautious near-term outlook.

Get Real time Prices for Tungsten: https://www.chemanalyst.com/Pricing-data/tungsten-1606

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global-research-report · 3 months ago

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The Coiled Tubing Manufacturing Market: Shaping the Future of Downhole Operations

The global coiled tubing manufacturing market size is estimated to reach USD 1.5 billion by 2027 registering a CAGR of 2.9%, according to a new report by Grand View Research, Inc. Increasing popularity of shale reserves in the production of crude oil is projected to augment market growth over the forecast period. The global oil & gas industry remains volatile with high fluctuations in crude oil prices. Reduced crude oil prices coupled with depressed upstream investments in the current scenario are projected to impact the profitability of the market vendors.

This associated sluggishness can be attributed to the falling oil demand from key importers, such as India and China. The global crude prices have fallen almost 66% from their highs in January 2020. This has affected the level of activities in the upstream and midstream sectors of the industry. However, the expansion of the downstream and midstream activities estimated in the forecast period is projected to drive the market.

On the upstream side, low oil prices have had negative implications for oil-exporting countries. Key countries, such as the U.S., Saudi Arabia, and Russia, have already announced plans to reduce production in the wake of reducing crude oil prices. The market uncertainty has led to several cost-cutting measures and shutting down of projects. All these factors are projected to hinder the market growth over the forecast period.

The market participants are under severe distress as the downstream demand for the product is in a free fall. The depressed economic activities in the upstream side of the oil & gas industry are projected to cause severe damage to the revenues of oil & gas operators. This, in turn, is already influencing the procurement processes of many multinational oil & gas companies.

Coiled Tubing Manufacturing Market Report Highlights

Well intervention is projected to witness the fastest CAGR of 2.3%, in terms of volume, from 2020 to 2027

Higher usage of Coiled Tubing (CT) in stimulation and well cleaning operations across the European region is likely to aid the growth of the well intervention segment

Drilling is projected to remain the dominant service segment over the forecast period, in terms of volume as well as revenue

The usage of coiled tubing in the onshore applications is estimated to observe the fastest growth rate. The onshore application segment is also anticipated to capture the largest revenue share by 2027

The offshore application segment is projected to observe a slower growth in the coming years as offshore CT is expensive owing to the detailed specifications and unique properties required on site

Led by the U.S., North America is projected to be the dominant regional market over the forecast period

Coiled Tubing Manufacturing Market Segmentation

Grand View Research has segmented the global coiled tubing manufacturing market on the basis of service, application, and region:

Coiled Tubing Manufacturing Service Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

Well intervention

Drilling

Others

Coiled Tubing Manufacturing Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

Offshore

Onshore

Coiled Tubing Manufacturing Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

North America

US

Canada

Mexico

Europe

Russia

UK

Asia Pacific

China

Australia

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

UAE

Algeria

Key Players of Coiled Tubing Manufacturing Market

Tenaris

Forum Energy Technologies, Inc.

National Oilwell Varco

Sandvik AB

HandyTube

Trident Steel Corp.

Gautam Tube Corp.

Stewart & Stevenson

John Lawrie Group

T&H Lemont

Order a free sample PDF of the Coiled Tubing Manufacturing Market Intelligence Study, published by Grand View Research.

#Coiled Tubing Manufacturing Market

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shamelesshologramdetective · 3 months ago

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PNCB (P-Nitrochlorobenzene) Market, Global Outlook and Forecast 2025-2032

P-Nitrochlorobenzene (PNCB) is an organic compound with the molecular formula ClC6H6NO2. Commonly known as 4-Chloro-1-nitrobenzene, it is a pale yellow, solid chemical used in a wide array of industrial applications. PNCB is primarily synthesized through the nitration of monochlorobenzene, a process that introduces a nitro group (-NO2) at the para position of the chlorobenzene molecule. This versatile compound plays a crucial role as an intermediate in the production of other chemicals, including P-Nitroaniline (PNA), which is further processed into dyes, pharmaceuticals, and agrochemicals.

The broad range of applications for P-Nitrochlorobenzene spans various industries, including dyes & pigments, pharmaceuticals, agrochemicals, chemicals & polymers, and the rubber industry. The compound's ability to serve as a key starting material in the synthesis of these critical products contributes to its significant presence in global chemical markets.

Download FREE Sample of this Report

Market Size

The global market for P-Nitrochlorobenzene was valued at approximately USD 903.10 million in 2023. The market is anticipated to grow steadily, reaching USD 1164.63 million by 2030, reflecting a compound annual growth rate (CAGR) of 3.70% during the forecast period. This growth trajectory indicates a consistent increase in demand for PNCB, driven by its essential role in the production of various downstream products like dyes and pharmaceuticals.

North America’s P-Nitrochlorobenzene market was valued at USD 235.32 million in 2023, with projections indicating a modest growth rate of 3.17% CAGR from 2024 to 2030. This reflects strong industrial demand, particularly in the U.S., which is a major hub for chemical manufacturing and processing.

Global P-Nitrochlorobenzene Market: Market Segmentation Analysis

This report provides a deep insight into the global P-Nitrochlorobenzene market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and assessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global P-Nitrochlorobenzene Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc., of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the P-Nitrochlorobenzene market in any manner.

Market Segmentation (by Application)

Dye

Pesticide

Medicine

Rubber Industry

Others

Market Segmentation (by Type)

Solid

Liquid

Key Company

Bayi Chemical

Sinopec Nanjing

Yangnong

Huayu Chemical

Shixing Pharma

Zhonghua Chemical

Aarti Industries

Seya Industries

Geographic Segmentation

North America (USA, Canada, Mexico)

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

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

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

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

FAQ

01. What is the current market size of P-Nitrochlorobenzene?

The global P-Nitrochlorobenzene market size was valued at USD 903.10 million in 2023 and is projected to reach USD 1164.63 million by 2030.

02. Which are the key companies operating in the P-Nitrochlorobenzene market?

The key players in the market include Bayi Chemical, Sinopec Nanjing, Yangnong, Huayu Chemical, Shixing Pharma, Zhonghua Chemical, Aarti Industries, and Seya Industries.

03. What are the key growth drivers in the P-Nitrochlorobenzene market?

The major growth drivers include the increasing demand for dyes and pigments, pharmaceuticals, agrochemicals, and the overall expansion of industrial applications.

04. Which regions dominate the P-Nitrochlorobenzene market?

North America, Europe, and Asia-Pacific are the dominant regions, with Asia-Pacific experiencing the fastest growth.

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tanujasaini · 5 months ago

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Top 15 Market Players in Global Aluminum Hydroxide (ATH) (flame retardant and smoke suppressant) Market

The global aluminum hydroxide (ATH) market, particularly in the flame retardant and smoke suppressant segment, is marked by a mix of established players and emerging competitors driving innovation and market expansion. Here are 15 leading companies shaping this industry:

Albemarle Corporation Known for its strong portfolio of flame retardants, Albemarle focuses on delivering high-quality ATH products to meet stringent safety regulations.

Nabaltec AG A global leader in halogen-free flame retardants, Nabaltec offers advanced ATH-based solutions that align with eco-friendly industry standards.

Huber Engineered Materials With a diverse range of ATH offerings, Huber is recognized for its high-performance additives designed for fire safety applications.

Almatis GmbH Specializing in alumina-based materials, Almatis provides ATH products tailored for flame retardant and smoke suppression in various industries.

Sumitomo Chemical Co., Ltd. Sumitomo is a key player with a focus on technological advancements in halogen-free flame retardant additives, including ATH.

Showa Denko K.K. Leveraging its extensive chemical expertise, Showa Denko delivers high-grade aluminum hydroxide for fire safety applications.

Chalco Shandong Advanced Material Co., Ltd. As a subsidiary of Aluminum Corporation of China, Chalco is a significant supplier of ATH for global flame retardant markets.

Nippon Light Metal Holdings Company, Ltd. This company offers ATH solutions emphasizing high purity and performance for flame retardant applications.

Zibo Pengfeng Aluminum Co., Ltd. A prominent supplier in Asia, Pengfeng Aluminum provides cost-effective ATH products for industrial and consumer markets.

MAL Magyar Aluminium Kft. Known for its high-purity aluminum hydroxide, MAL caters to stringent regulatory demands in the flame retardant industry.

Zhengzhou Jinyang Aluminum Industry Co., Ltd. Specializing in ATH production, Jinyang focuses on supplying consistent-quality materials to global clients.

Altech Chemicals Limited Altech provides innovative ATH products optimized for industrial safety and environmental compliance.

KC Corporation With a robust presence in Asia, KC Corporation delivers ATH products for diverse flame retardant applications.

R.J. Marshall Company This U.S.-based company offers specialty additives, including ATH, for enhanced fire safety in plastics and coatings.

MARTOGROUP MARTOGROUP focuses on providing halogen-free ATH flame retardants tailored for high-performance applications.

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Top Winning Strategies in Aluminum Hydroxide (ATH) (flame retardant and smoke suppressant) Market

To remain competitive and capture growth opportunities, leading players in the ATH market deploy a range of strategies. Here are some winning approaches:

Investments in R&D Companies are heavily investing in research and development to innovate new ATH formulations with improved efficiency, reduced particle size, and enhanced performance in flame retardant applications.

Sustainability Initiatives As industries prioritize eco-friendly solutions, ATH manufacturers focus on producing halogen-free, non-toxic additives to align with regulatory and consumer demands for greener products.

Vertical Integration By integrating upstream and downstream processes, companies reduce costs and secure a steady supply of raw materials, ensuring product consistency and reliability.

Geographic Expansion Expanding production facilities and distribution networks in emerging markets such as Asia-Pacific and Latin America helps players tap into growing demand in these regions.

Strategic Partnerships Collaborations with raw material suppliers, distributors, and end-user industries allow companies to strengthen their market presence and improve supply chain efficiency.

Product Diversification Offering a wide range of ATH grades for various applications, including plastics, coatings, and construction materials, ensures companies cater to diverse customer needs.

Focus on Regulations By staying ahead of regulatory changes and developing compliant ATH products, companies build trust and maintain long-term partnerships with clients.

Digital Transformation Leveraging digital tools for production optimization, quality control, and customer engagement allows companies to improve efficiency and customer satisfaction.

Mergers and Acquisitions Consolidation within the industry through mergers and acquisitions enables companies to expand their market share and strengthen their technological capabilities.

Customer-Centric Solutions Tailoring ATH products to meet specific client requirements helps companies build stronger relationships and differentiate themselves in the competitive market.

Request a free sample copy at https://datavagyanik.com/reports/global-aluminum-hydroxide-ath-flame-retardant-and-smoke-suppressant-market-size-production-sales-average-product-price-market-share/

#Aluminum Hydroxide (ATH) market #Aluminum Hydroxide (ATH) Production #market players #market size #market share #top trends #revenue #average price

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surbhijamdade · 7 months ago

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Neopentyl Glycol (NPG) Market Industry Outlook: Forecasting Market Trends and Growth for the Coming Years

The Neopentyl Glycol (NPG) Market Report for 2024 provides a comprehensive overview of the Neopentyl Glycol (NPG) Market industry, presenting crucial data and insights into market dynamics, including growth drivers, challenges, and future potential. The report evaluates the Neopentyl Glycol (NPG) Market Components, focusing on significant opportunities and trends that could shape the industry's trajectory. Key stakeholders such as CEOs, global managers, traders, and analysts will find value in the SWOT analysis, which assesses the competitive strengths, vulnerabilities, opportunities, and threats impacting market players.

According to Straits Research, the global Neopentyl Glycol (NPG) Market market size was valued at USD 769.1 Million in 2023. It is projected to reach from USD XX Billion in 2024 to USD 1066.49 billion by 2032, growing at a CAGR of 3.7% during the forecast period (2024–2032).

Get a Sample PDF/Excel of report starting from USD 995 :https://straitsresearch.com/report/neopentyl-glycol-market/request-sample

Top Key Players of Neopentyl Glycol (NPG) Market :

Oxea (Germany)

BASF SE (Germany)

LG Chem (Korea)

MGC (Japan)

Eastman (U.S.)

Celanese (Germany)

Perstorp (Sweden)

Wanhua (China)

BJNC (China)

and more....

Key Insights from the Neopentyl Glycol (NPG) Market Report

Market Size Overview: The report provides comprehensive estimates of the Neopentyl Glycol (NPG) Marketsize, including value and sales volume, for the period.

Market Trends and Dynamics: An analysis of the key drivers, opportunities, challenges, and risks shaping the Neopentyl Glycol (NPG) Market.

Global Economic and Regional Impact: Evaluation of the effects of global inflation and the Russia-Ukraine conflict on the Neopentyl Glycol (NPG) Market.

Trade Flow Analysis: Detailed examination of import and export volumes of Neopentyl Glycol (NPG) Marketacross major regions.

Industry Value Chain: Insight into the Neopentyl Glycol (NPG) Marketvalue chain, covering raw materials, suppliers, manufacturing processes, distributors, and downstream customers.

Industry News, Policies, and Regulations: Coverage of the latest developments, policies, and regulations impacting the Neopentyl Glycol (NPG) Market.

Regional Analysis for Neopentyl Glycol (NPG) Market:

The regional analysis section of the report offers a thorough examination of the global Neopentyl Glycol (NPG) Market market, detailing the sales growth of various regional and country-level markets. It includes precise volume analysis by country and market size analysis by region for both past and future periods. The report provides an in-depth evaluation of the growth trends and other factors impacting the Neopentyl Glycol (NPG) Market market in key countries, such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. Moreover, it explores the progress of significant regional markets, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Neopentyl Glycol (NPG) Market Segmentations:

By Physical Form

Flakes

Molten

Slurry

By Production Method

Hydrogenation of HPA

Disproportionation

By End Users

Paints & Coatings

Construction

Chemicals

Plastics

Textiles

Pharmaceuticals

Cosmetics & Personal Care

Others

Get Detail Market Segmentation :https://straitsresearch.com/report/neopentyl-glycol-market/segmentation

Unit Economics must be known by C-suite professionals:

Cost of Goods Sold (COGS): Includes material, labor, and overhead costs in manufacturing.

R&D Costs: Investment in innovation and compliance with regulations.

Engineering and Design Costs: Resources for design, prototyping, and meeting technical standards.

Production Costs: Specialized manufacturing and quality control expenses.

Supply Chain Costs: Managing procurement and logistics for specialized components.

Testing and Quality Assurance: Costs for ensuring product safety and reliability.

SG&A Costs: Marketing, sales, and administrative expenses.

Revenue per Unit: Income from contracts, services, and licensing.

Gross Margin: Revenue minus COGS, showing unit profitability.

Break-even Analysis: Units or contracts needed to cover total costs.

Customer Acquisition Cost (CAC): Costs to secure new contracts.

Lifetime Value (LTV): Total revenue from a customer over time.

Capital Expenditure (CapEx): Investments in facilities and technology.

Economies of Scale: Cost reductions in larger production runs.

Profit Margin: Final profit after all expenses.

Top Reasons to Choose This Report

Access to Comprehensive Insights: Gain access to extensive analysis, research, and data that are often challenging to gather independently. This report provides valuable information, saving you significant time and effort.

Support for Informed Decisions: Enhance your decision-making process with in-depth insights into market trends, consumer behavior, and key industry factors. This report is essential for strategic planning, including investments, product development, and marketing strategies.

Gain a Competitive Edge: Stay competitive by understanding market dynamics and competitor strategies. The report provides detailed insights into competitor performance and market trends, helping you craft effective business strategies.

Cost-Effective Research Solution: Save on research costs by investing in this report, which offers a detailed and comprehensive analysis of the market. This cost-effective option eliminates the need for extensive independent research.

COVID-19 Aftermath and Geopolitical Influences: Russia-Ukraine Conflict and Middle East Crisis

The report explores the multifaceted impact of COVID-19 on the Neopentyl Glycol (NPG) Market market, covering both direct and indirect effects across global and local levels. It discusses market size, trends, and growth trajectories in the Neopentyl Glycol (NPG) Market , classified by type, application, and customer sector. Additionally, it provides a detailed evaluation of market development components before and after the pandemic, supported by a PESTEL analysis to assess key influencers and barriers to market entry. We offer the flexibility to customize the report based on specific regions, applications, or any other statistical details. Our goal is to align our analysis with your specific needs, ensuring a more complete market study. The final report will also examine the impact of the Russia-Ukraine War on the Neopentyl Glycol (NPG) Market market, assessing how these geopolitical events are influencing current market conditions and future opportunities.

This Report is available for purchase on :https://straitsresearch.com/buy-now/neopentyl-glycol-market

About Us:

Straits Research is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us: email: [email protected] Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: +1 646 905 0080 (U.S.) +91 8087085354 (India) +44 203 695 0070 (U.K.)

#Neopentyl Glycol (NPG) Market #Neopentyl Glycol (NPG) Market Share #Neopentyl Glycol (NPG) Market Size #Neopentyl Glycol (NPG) Market Research #Neopentyl Glycol (NPG) Industry #What is Neopentyl Glycol (NPG)?

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energyandpowertrends · 7 months ago

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Centrifugal Pump Market: Role in Industrial, Water, and Wastewater Applications

Centrifugal Pump Market size was valued at USD 40.12 billion in 2023 and is expected to grow to USD 60.18 billion by 2031 and grow at a CAGR of 5.2% over the forecast period of 2024–2031.

Centrifugal pumps are mechanical devices designed to move fluids through a system by converting rotational energy from a motor to hydrodynamic energy. With their simple design and robust construction, these pumps are widely used in numerous applications, including water supply, irrigation, chemical processing, and more. The centrifugal pump market is characterized by rapid technological advancements, which enhance pump efficiency, energy consumption, and operational reliability.

Factors such as urbanization, industrialization, and infrastructure development are driving the demand for centrifugal pumps globally. Moreover, the increasing focus on energy-efficient solutions is prompting manufacturers to innovate, further fueling market growth.

Key Market Drivers

Rising Demand in Water and Wastewater Treatment: The need for efficient water management and wastewater treatment solutions is driving the adoption of centrifugal pumps in municipal and industrial applications.

Growing Oil and Gas Sector: With the expansion of oil and gas exploration and production activities, centrifugal pumps are increasingly utilized for transporting crude oil, natural gas, and other fluids.

Industrialization and Infrastructure Development: Rapid industrial growth and infrastructure projects in emerging economies are boosting the need for reliable fluid handling systems.

Technological Innovations: Advancements in pump design and materials are enhancing the performance, efficiency, and lifespan of centrifugal pumps, attracting more users across various industries.

Focus on Energy Efficiency: Increasing energy costs and environmental regulations are driving the demand for energy-efficient centrifugal pumps, prompting manufacturers to develop innovative solutions.

Market Segmentation

The centrifugal pump market is segmented by flow, operation type, stage, end-user, and region.

By Flow Type

Axial Flow: These pumps move fluid along the axis of the pump, making them suitable for high flow rates with low pressure.

Radial Flow: Radial flow pumps direct fluid radially outward from the center, typically used for high-pressure applications.

Mixed Flow: Mixed flow pumps combine elements of axial and radial flow, offering versatility for various applications.

By Operation Type

Hydraulic: These pumps operate using fluid pressure, commonly found in various industrial applications.

Electrical: Electric-driven centrifugal pumps are widely used for their efficiency and reliability in transporting fluids.

Air-Driven: Air-operated pumps are ideal for applications requiring portability and versatility.

By Stage

Single-Stage: Single-stage pumps are used for low-pressure applications and are simpler in design and maintenance.

Multi-Stage: Multi-stage pumps are utilized for high-pressure applications and can handle greater fluid movement.

By End-User

Commercial: Used in HVAC systems, water supply, and other commercial applications.

Residential: Centrifugal pumps for household water supply and irrigation.

Agricultural: Employed for irrigation, drainage, and water supply in agricultural applications.

Industrial:

Water & Wastewater: Essential for municipal and industrial water treatment processes.

Oil & Gas: Used in upstream and downstream operations for fluid transport.

Power Generation: Critical for cooling and fluid management in power plants.

Mining: Used for dewatering and transporting slurries.

Chemical: Essential for transporting chemicals in processing plants.

Food & Beverage: Employed in food processing for transferring liquids.

Regional Analysis

North America: The U.S. and Canada are key markets due to established industrial infrastructure and investments in water treatment and energy sectors.

Europe: Growth in the European market is driven by stringent environmental regulations and investments in water and wastewater management systems.

Asia-Pacific: Rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Japan are fueling market growth in this region.

Latin America: Emerging economies are investing in infrastructure projects, increasing the demand for centrifugal pumps.

Middle East & Africa: The region’s oil and gas sector is driving the need for centrifugal pumps, alongside increasing efforts in water desalination and treatment.

Current Market Trends

Focus on Smart Pump Solutions: Integration of IoT and smart technologies in centrifugal pumps is enhancing monitoring and control capabilities.

Sustainability Initiatives: Growing emphasis on sustainable practices is leading to the development of eco-friendly pumps with lower energy consumption.

Expansion of Aftermarket Services: Companies are focusing on providing maintenance and repair services to extend the life cycle of centrifugal pumps.

Increased Automation in Industrial Applications: Automation in manufacturing processes is driving the demand for efficient and reliable centrifugal pumps.

Customization and Modular Designs: Manufacturers are offering customizable solutions to meet specific customer needs in various industries.

Conclusion

The global centrifugal pump market is expected to experience robust growth over the forecast period, driven by diverse applications, technological advancements, and increasing demand for efficient fluid handling solutions. As industries seek sustainable and reliable pumping systems, centrifugal pumps will play a crucial role in facilitating fluid transport and management across various sectors.

Key Players

Wilo Group

GRUNDFOS

KSB Company

Flowrox

Sulzer

Xylem

The Weir Group PLC

Flowserve Corporation

Ebara Corporation

Kirloskar Brothers Limited

Dover Corporation

ITT Corporation

Read Complete Report Details of Centrifugal Pump Market: https://www.snsinsider.com/reports/centrifugal-pump-market-2909

About Us:

SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.

Contact Us: Akash Anand — Head of Business Development & Strategy [email protected] Phone: +1–415–230–0044 (US) | +91–7798602273 (IND)

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industrynewsupdates · 8 months ago

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How Market Trends Present Opportunities in the Maleic Anhydride Market

The global maleic anhydride market is projected to reach a size of USD 4,386.1 million in 2023, with expectations of expanding at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. This growth can be largely attributed to the increasing demand for unsaturated polyester resins (UPR), which are a primary component in the production of fiberglass-reinforced resins. These resins find extensive applications in various industries, including automotive and marine sectors, as well as in construction products like sinks, countertops, and bathtubs.

In North America, the United States stands out as the largest consumer of maleic anhydride, commanding a revenue share of 82.9% in 2023. This dominance is linked to the rapid expansion of key industries such as agriculture, automotive, and construction. According to TST Europe, total construction spending in the U.S. reached approximately $1.98 trillion in 2023, marking a 7.4% increase from the previous year. This growth was particularly pronounced in nonresidential construction, which saw a significant 17.6% year-over-year increase, while residential construction spending experienced a decline of 3% due to rising interest rates and inflationary pressures. Additionally, the U.S. consistently constructs structures valued at over USD 1.8 trillion annually, which is expected to further bolster the maleic anhydride market in the country.

Gather more insights about the market drivers, restrains and growth of the Maleic Anhydride Market

Drivers, Opportunities, and Restraints

Unsaturated polyester resins play a critical role in the automotive sector, serving as body fillers that facilitate rapid reconstruction and repair of damaged vehicle components. They are also used as putty in car painting processes, ensuring a smooth finish by masking any imperfections. UPRs provide excellent adhesion for paint, which enhances the durability of the coating applied. Specifically, these resins are commonly utilized in the repair of bumpers, doors, roofs, and interior components affected by accidents. As global car accident rates continue to rise, the demand for UPR is anticipated to increase, subsequently driving up the need for maleic anhydride.

Moreover, maleic anhydride is integral to a variety of industries, including automotive, building and construction, pharmaceuticals, and personal care and cosmetics. The rising demand for unsaturated polyester resins in automotive and construction applications is poised to significantly boost the market for maleic anhydride. Additionally, the incorporation of additives in the automotive sector aimed at improving fuel efficiency and reducing emissions is likely to further fuel the demand for this chemical compound.

The production of maleic anhydride primarily relies on feedstocks such as n-butane and benzene. The global prices of these feedstocks are closely tied to the trends in crude oil and naphtha prices. The volatility of crude oil has been a significant factor contributing to the fluctuations in benzene prices. Consequently, the pricing of crude oil and the downstream demand from various industries have a considerable impact on the global petroleum derivatives market, influencing the availability and cost of maleic anhydride.

The maleic anhydride market is positioned for growth driven by robust demand from multiple industries, particularly in applications utilizing unsaturated polyester resins. As the automotive and construction sectors expand, and as new regulations drive the need for more efficient materials, the outlook for maleic anhydride remains positive, with ample opportunities for development and innovation.

Order a free sample PDF of the Maleic Anhydride Market Intelligence Study, published by Grand View Research.

#Maleic Anhydride Market #Maleic Anhydride Market Analysis #Maleic Anhydride Market Report #Maleic Anhydride Industry #Maleic Anhydride Market Opportunities #Maleic Anhydride Market Drivers

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communicationblogs · 9 months ago

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Argon Gas Market — Forecast(2024–2030)

Argon Gas Market Overview

Argon gas finds extensive use in electronics manufacturing, particularly in the production of semiconductors and other electronic components. The trend is driven by the need for a controlled atmosphere during processes like sputtering and plasma etching. The semiconductor industry’s continuous growth is propelling the demand for high-purity Argon, contributing to market expansion. The healthcare sector is increasingly adopting Argon gas for medical applications, including cryopreservation and laser surgeries. Argon’s inert properties make it suitable for preserving biological samples, while its use in medical lasers ensures precision and minimal tissue damage. With advancements in medical technology, the healthcare industry is becoming a significant consumer of Argon gas, driving market growth.

Impact of Covid-19

The consequences of the pandemic are altering Argon Gas Markets, as some manufacturers are either shutting down or reducing their supply due to a lack of demand from the downstream industry. Thus, this has led to a decline in the market growth for argon gas over the year 2024–2030.’

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Argon Gas Market Report Coverage

The: “Argon Gas Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Argon Gas Market.

By Grade: Food Grade, Industrial Grade, Scientific Grade, and Others

By Mixture: Argon-carbon dioxide, Argon-oxygen, Argon-nitrogen, Argon-hydrogen, and Others

By Function: Insulation, Illumination, and Cooling

By Application: Manufacturing & Fabrication, Lighting, 3-D printing, Lasers, Gas discharge tubes, Cinematography, Refrigeration, Windows, Tire

By End-Use Industry: Chemical Industry, Healthcare Industry, Transportation Industry, Food & Beverage Industry, Electrical & Electronics Industry, and Others

By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

● The Asia Pacific region dominated the argon gas market due to the rapidly growing fabrication industries and the rising demand for argon gas from the food & beverage and healthcare sectors.

● Increasing use of argon gas owing to its greater thermal protection properties than air, for filling the dry suits used for scuba diving is anticipated to increase the demand for the argon gas market in the forecast period.

● Since Argon gas provides the inert atmosphere needed for rapid material cooling and heating, it is used in the electronics industry for the manufacture of semiconductors, flat panels, solar PV cells and microelectronic devices.

● Rising cause of inert gas asphyxiation among the workers by the consumption of argon gas in the absence of oxygen is anticipated to decline the growth of the market.

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Argon Gas Market Segment Analysis — By Grade

Industrial grade held the largest share in the argon gas market in 2023. In MIG and TIG welding methods and plasma cutting applications due to its high density and absolute inertness, industrial-grade argon gas is widely used as a welding gas. Industrial-grade argon gas is supplied in gas bottles and cylinders of various sizes to suit consumer needs. Industrial-grade argon gas has many different applications in many industries. The most common application is either in pure form or as part of different mixtures, as a shielding gas for arc welding. Industrial-grade argon gas is one of the major gases for incandescent (filament) lamps, phosphorescent tubes, and thyratron radio tubes used in filling mixtures. Thus, with the rising demand for industrial-grade argon gas, the overall market is anticipated to rise in the forecast period.

Argon Gas Market Segment Analysis — By Mixture

Argon-carbon dioxide mixture is widely used in the argon gas market. Argon-carbon dioxide is a colorless, odorless, and non-flammable gas mixture. Argon mixtures with carbon dioxide are universal and are ideal for low-treated and stainless steel welding. One of the key composite components of safe welding mixtures is argon. Protective gas protects the electrode, metal, and hot metal near the welding seam from the ambient air as well as enhances the welding process and increases the welding characteristics. Argon-carbon dioxide blends can be used to incorporate a large spectrum of material thicknesses with a number of metal transition modes. With the rising use of argon-carbon dioxide mixture due to its unique properties, the market for argon gas is estimated to rise over the projected period.

Argon Gas Market Segment Analysis — By Function

Insulation function is highly preferred in the argon gas market. Argon serves as a barrier to prevent the indoor heat from escaping, like most insulating materials. But unlike most gases, the higher density of argon has greater thermal efficiency. This slow-moving gas, keeping heat loss to a minimum, allows less convection. To improve the energy consumption and general performance of thermal windows, argon gas is used. Insulated windows that are filled with argon gas are less likely to produce condensation. This is particularly true in areas of high humidity, such as the kitchen and the bathroom. Although good energy conservation could be demonstrated by fogging on the exterior surface of the glass, excessive humidity could result in water damage. With argon, to prevent it from sweating, the middle and the edges of the window glass will remain above the dew mark.

Argon Gas Market Segment Analysis — By Application

Manufacturing & Fabrication sector held the largest share in the argon gas market in 2023 and is projected to grow at a CAGR of 4.7% during the forecast period 2024–2030. During arc welding, it is often used as a shielding gas, because it shields the metal that is being worked on from oxygen. TIG, which stands for ‘tungsten inert gas’, utilizes both pure argon and argon mixtures. Argon decreases the chromium losses in the manufacture of steel in a converter, ensuring the desired carbon content can be reached at a lower and lower temperature. In aluminum processing, argon is often used to extract and degasify hydrogen. Also, cryogenic fractional distillation is used for producing argon gas of high purity, which is further used for the manufacturing and fabrication of semiconductor devices. Therefore, the rising demand for argon gas from the manufacturing and fabrication sector will drive the market demand for argon gas to grow in the forecast period.

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Argon Gas Market Segment Analysis — By End-Use Industry

Automotive industry held the largest share of the argon gas market in 2023. Argon, due to its inert properties, is used in a wide variety of applications to help improve quality as well as maximize performance and yield in the manufacture of automotive parts. Owing to its alluring properties such as reduction or elimination of surface oxidation, improvement in part quality, decreasing scrap, and increasing efficiency and yields, it is used in a wide range of applications across automotive component manufacturing such as for welding, thermal, and plasma spraying, 3D printing, quenching, and others. Also, the most exotic use of argon is in the tires of luxury vehicles. Not only does the gas shield the tires from an oxygen attack, but it also provides less tire noise while the vehicle is moving at speed. With the rising automotive industry, the application of argon gas in the production of automotive components will also increase. According to the Association of Automobile Manufacturers (CAAM), China’s auto exports reached a record high of 4.91 million vehicles in 2023, up 57.9 percent year over year, as the nation’s automakers increased their global footprint. Thus, the rising demand for argon gas from the automotive industry is further estimated to raise the market growth.

Argon Gas Market Segment Analysis — Geography

Asia Pacific held the largest share with 32% in the argon gas market in 2023. China, India, and Australia are expected to have the fastest as well as the largest argon gas market due to the increasing demand for argon gas in the food & beverage and healthcare industries across the region during the forecast period. According to the India Brand Equity Foundation, the healthcare sector in India is considered one of the largest sectors both in terms of revenue and employment. Also, the healthcare market is anticipated to increase by US$ 133.44 billion by 2022. According to the USDA Foreign Agricultural Service, in 2022, the value of Australian consumer-oriented imports — which include fish and seafood — totaled US$14.5 billion. These imports included snack foods, cereals for breakfast, meat and poultry, dairy, eggs, and products, as well as fresh and processed fruits and vegetables, fruit juices, nuts, wine, beer, nursery products, and pet food. Thus, the rising growth of food & beverage and healthcare industries in various countries is therefore anticipated to increase the argon gas market in the forecast period.

#research #marketing #reseach marketing #chemicals #argonian

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aimarketresearch · 1 month ago