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Trifluoroacetic Acid (TFA) Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2024

Market Overview

The GLOBAL TRIFLUOROACETIC ACID (TFA) MARKET SIZE surpassed USD 271 million in 2017. TFA is an acetic acid derivate used as an intermediary product in the manufacturing of pesticides. The trifluoroacetic acid (TFA) market anhydride is primarily driven by the high demand for pesticides in the agricultural industry. With the growing population, the demand for food is expected to increase rapidly in the coming years. To meet this increasing demand, efficient crop production with better quality is necessary. However, rapid industrialization and urbanization have led to limited availability of cultivable land, which has resulted in an increase in the use of agrochemicals. The World Bank reported that the arable land in China declined to 118.9 million hectares in 2016 from 119.0 million hectares in 2015. In January 2018, Jubilant Life Sciences received an approval from the Indian government to establish a pesticide intermediate and technical grade pesticide plant in Gujrat, India, worth USD 36.09 crores. Such trends exhibit that the use of chemical pesticides and fertilizers has become essential for crop production. Thus, the rising demand for food, coupled with the limited availability of cultivable land is estimated to drive the demand for TFA.

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 Competitive Analysis

Some of the leading players operating in the global trifluoroacetic acid (TFA) market are SRF Limited (India), Midas Pharma GmbH (Germany), Solvay (Belgium), Halocarbon Products Corporation (US), Anhui Jin'ao Chemical Co., Ltd (China), Sinochem (China), and Nantong Baokai Chemical Co. Ltd (China), among others.

 Market Segmentation

Based on type, the global trifluoroacetic acid (TFA) market has been segmented into 99.5% trifluoroacetic acid, 99.9% trifluoroacetic acid, and others. The 99.9% trifluoroacetic acid type segment is estimated to register a significant CAGR owing to the high demand for pure TFA in medical applications. The 99.5% trifluoroacetic acid type finds major applications in pesticides and other chemical products. The trifluoroacetic acid (TFA) market is further divided based on application into medical intermediates, pesticide intermediates, and others. The medical intermediary is the fastest growing segment and is expected to surpass the pesticides segment in the coming years owing to increasing medical expenditure across the globe.

 Regional Analysis

The Asia-Pacific trifluoroacetic acid (TFA) market is expected to exhibit a healthy CAGR during the forecast period owing to the growing use of TFA in pesticides. Furthermore, increasing investments in the healthcare industry have increased the demand for trifluoroacetic. The North American and European markets are estimated to witness substantial growth in terms of CAGR due to the increasing expenditure in the healthcare industry in the US, Canada, the UK, and Germany.

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Silica Sand Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2024

Market Highlights:

The SILICA SAND MARKET is projected to be valued at USD 14,718.2 Million and register a CAGR of 6.75% during the forecast period. Silica is a chemical compound composed of silicon and oxygen in the ratio of 1:2, respectively. Silica sand is composed of granular materials that consist of quartz as the major component and a small amount of clay, coal, and other minerals. Industrial sand, over time, through the work of water and wind is weathered into tiny granules of sand.

Moreover, it exhibits superior properties such as high thermal resistance, hardness, and chemical inertness which make it suitable for a diverse range of applications such as glassmaking, hydraulic fracturing, and water treatment, among others. Moreover, it is prominently used as a raw material in the manufacturing of flat glass, screen-printed glass, annealed glass, and tempered glass in various industries such as consumer electronics, automotive, chemicals, and construction.

The expanding glass industry is expected to be the major driver in the global silica sand market on account of increasing consumption of silica sand in glassmaking applications owing to its high thermal strength, high melting point, excellent refractoriness, and grain strength. In addition, the high demand for silica sand in the foundry industry for metal casting for both ferrous and non-ferrous alloys is further projected to augment the global silica sand market growth. Moreover, the growing construction industry in the developing countries of Asia-Pacific such as India and South-East Asian countries including Indonesia, Thailand, and Malaysia is likely to boost the global market growth for silica sand owing to its use in specialty cement, flooring compounds, and mortars.

However, the only bottleneck in a growth trajectory of the global silica sand market is the increasing concerns among the consumers regarding the potential health impacts of respirable crystalline silica (RCS). Moreover, stringent government regulations for sand mining used in fracking is likely to further hinder the global market growth in the coming years. Nevertheless, the rising shale gas exploration in the US and growing consumption in the oil & gas industry as a proppant is expected to create lucrative opportunities for the market players. Also, robust shale gas exploration in Asian countries such as China and Japan are further anticipated to provide immense opportunities to the silica sand producers during the forecast period.

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Key Findings of the Study:

Global silica sand market is projected to     reach over 4,24,908.9 KT by 2024 with a healthy CAGR of 5.72% during     the assessment period of 2017—2024

The Asia-Pacific market accounted for the     largest market share due to developments in the oil and gas industry,     robust shale gas exploration, and significant growth of the construction     industry in the economies such as India, Japan, South Korea, and China

The <70 mesh segment dominated the     market with a market share of 19% in 2018 and is     estimated to grow at a notable CAGR of 7.22% during the     review period

The glass grade segment accounted for the     largest market share of 22% in 2018 and is likely to     register the highest CAGR of 7.33% during the forecast     period

The dry silica sand process witnessed the     largest market share of 00% in 2018 and is anticipated to     exhibit a robust CAGR of 7.18% in the following years

The hydraulic fracturing application     segment held the largest market share of 39% in 2018 and     is expected to be valued at USD 10,180.7 million by the end of     2023

 Market Players

Market Research Future (MRFR) recognizes the following companies as the key players in the global silica sand market: U.S. Silica (US), Fairmount Santrol (US), Sibelco (Belgium), Toyota Tsusho Corporation (Japan), IMOSA (Spain), Emerge Energy Services (US), Badger Mining Corporation (Germany), Cairo Fresh for Minerals & Quarries Materials (Egypt), Tochu Corporation (Japan), Euroquarz GmbH (Germany), and American Elements (US).

Segment Analysis

The global silica sand market has been segmented based on mesh size, grade, process, application, and region. Based on mesh size, the <70 mesh segment witnessed the largest market share of 42.19% in 2018 and is likely to register the highest CAGR of 7.22% in the following years. This is due to the increasing utilization of <70 mesh silica sand in major applications such as glassmaking, hydraulic fracturing, construction, and water treatment. Also, it exhibits high grain strength, sphericity, better refractoriness, and high thermal strength.

By grade, the glass segment dominated the global silica sand market with a robust market share of 41.22% in 2018 and is estimated to register the highest CAGR of 7.33% during the assessment period. This is largely attributed to the bolstering demand for glass grade silica sand in the production of flat glass, annealed glass, and screen-printed glass in the automotive and construction industries. In addition, robust growth in the solar industry and rising consumption of glass panels is expected to augment the demand for global silica sand market.

On the basis of process, the dry silica sand segment accounted for the largest silica sand market share of 61.00% in 2018 and is further projected to grow at the highest CAGR of 7.18% in the coming years. This is majorly due to the easy handling of silica sand manufactured by this process. Also, less moisture and growing consumption of dry silica sand in glassmaking and hydraulic applications are further expected to propel the global silica sand market growth.

Based on application, the hydraulic fracturing application segment held the largest market share of 41.39% in 2018 and is projected to reach USD 10,180.7 million by 2024. It is widely used as a proppant in hydraulic fracturing in the shale gas and oil industry. The glass application segment is estimated to grow at the highest CAGR of 7.21% in the following years owing to the growing utilization of silica sand in glassmaking for automotive and construction industries.

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Potassium Formate Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Summary

The GLOBAL POTASSIUM FORMATE MARKET SIZE was valued at over USD 500 million in 2018 and is expected to exhibit a CAGR of over 4% during the review period. The global demand for potassium formate is majorly driven by the increasing demand for efficient oil drilling and completion fluids in the oil & gas industry. The high demand for energy across the globe and increasing shale gas exploration are likely to fuel the demand for potassium formate and propel the global potassium formate market growth in the years to follow.

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Market Segmentation

The global potassium formate market has been segregated on the basis of form, application, and region.

By form, the global potassium formate market has been segmented into liquid (brine) and powder. The liquid (brine) segment accounted for the largest share of the market and is projected to be the leading segment during the forecast period. High density with solid-free formulation, monovalent ions in solution, compatibility with most metals and elastomer, good compatibility with reservoir minerals and formation fluids, resistance to scale formation, high thermal and specific heat capacity are some of the key characteristics of the product, owing to which it is widely used as drilling fluid, refrigerant, and de-icing agent. The potassium formate powder is mainly used as a reducing agent in the printing & dyeing industry, as a coagulator in the production of cement, and the manufacturing of carbon black.

Based on application, the global potassium formate market has been categorized into oilfield, de-icing and anti-icing agents, refrigerants, industrial, and others. Potassium formate finds extensive application in the oilfields, wherein it is used as a reservoir drilling and completion fluid and well suspension and packer fluid. The increasing demand for these fluids in the oil & gas industry to enhance the oil production process is expected to boost the demand for potassium formate in the years to follow.

Competitive Analysis

The prominent players in the global potassium formate market are Eastman Chemical Company (US), ADDCON GmbH (Germany), Evonik Industries AG (Germany), Clariant (Switzerland), Nachurs Alpine Solutions (US), Hawkins, Inc (US), Shouguang Hengtong Chemical Co., Ltd (China), TETRA Technologies, Inc (US), Proviron (Belgium), American Elements (US), and Hangzhou Focus Chemical Co., Ltd (China).

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Optical Ceramics Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Summary

The GLOBAL OPTICAL CERAMICS MARKET SIZE reached USD 148 million in 2018 and is estimated to register a CAGR of around 15.2% during the forecast period, 2019–2025. The growth of the global optical ceramics market is driven by the increasing demand for material having properties such as high-temperature resistance and high stiffness in the aerospace & defense industry as well as the growing demand for substitutes of glass, plastics, and metals.

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Regional Analysis

Asia-Pacific, Latin America, North America, Europe, and the Middle East & Africa are the regions analyzed under the scope of the global optical ceramics market.

The global optical ceramics market was led by North America with the largest contribution in 2018 and is expected to be the fastest-growing regional market during the forecast period. Asia-Pacific is projected to be the second-largest market due to innovations in the optical and optoelectronics segment. However, the Middle East & Africa and Latin America are projected to witness steady growths during the forecast period.

 Segmental Analysis

The global optical ceramics market has been segmented based on material, application, end-use industry, and region.

By material, the global optical ceramics market has been classified into sapphire, phosphor, aluminum oxynitride, spinel, and others. The sapphire segment is expected to be the largest and fastest-growing segment during the forecast period as it offers properties such as scratch resistance and high optical transparency, owing to which it finds application in the checkout doors at the supermarket. Yttrium aluminum garnet (YAG) exhibits high thermomechanical properties owing to which it is widely used in the production of nanocomposite optical ceramics, which are high in demand for applications in range finders, target designators, and spot welding.

Based on application, the global optical ceramic market is segregated into optics & optoelectronics, semiconductor, and others. The growing use of image sensors, light-emitting diodes, and laser transmitters in recent years have surged the demand for optical ceramics, particularly in the optical & optoelectronics segment.

Aerospace & defense, energy, electrical & electronics, and others are the end-use industries analyzed under the scope of the report. The electrical & electronics segment held the largest market share in 2018, owing to its significant growth in Asia-Pacific. The aerospace & defense is expected to be the second-largest due to the increasing production of missiles domes, high energy laser missiles, and infrared radomes.

Key Players

Major players in optical ceramics market are Ceranova Corporation (US), CeramTec (Germany), Murata Manufacturing Co., Ltd (Japan), CoorsTek Inc (US), Brightcrystals Technology Inc (China), Schott AG (Germany), Saint-Gobain (France), Koninklijke Philips N.V. (The Netherlands), General Electric (US), CeraNova (US), Shanghai SICCAS (China), II-VI Optical Systems Inc (US), Kyocera Corporation (Japan), CILAS (France), Surmet Corporation (US), Konoshima Chemicals Co., Ltd (Japan).

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Nanocomposites Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Summary

The GLOBAL NANOCOMPOSITES MARKET is projected to be valued at over USD 9 Billion by the end of 2025 and is estimated to register a CAGR of around 15.5% during the forecast period. The global demand-side drivers for the nanocomposites market are growing popularity of nanocomposite materials in the food packaging applications and increasing use of lightweight and high strength components in automobile manufacturing. Additionally, the increasing demand for nanocomposites in various biomedical applications such as gene therapy, hip implants, artificial lenses, wound healing, catheters, tissue engineering, large diameter vascular grafts, implantation of medical devices, and artificial organs is expected to propel the nanocomposites market growth in the coming years. Furthermore, the increasing popularity of the product in the paints & coatings industry for anticorrosion barrier coatings, drug delivery systems, and antibacterial coatings, among others is expected to create immense growth opportunities for the players operating in the market during the assessment period.

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Competitive Analysis

The prominent players in the global nanocomposites market are Evonik Industries AG (Germany), Nanocyl SA (BELGIUM), Arkema (France), ZYVEX TECHNOLOGIES (US), NanoSonic, Inc. (US), UNITIKA LTD (Japan), Pixelligent (US), Industrial Nanotech, Inc. (US), SHOWA DENKO K.K. (Japan), and Integran Technologies (Canada).

  Market Segmentation

The global nanocomposites market has been segregated on the basis of type of matrix material, end-use industry, and region.

By type of matrix material, the global nanocomposites market has been segmented into polymer matrix, metal matrix, ceramic matrix, and others. The polymer matrix segmented has been further segmented into polymer/CNT, polyester/TiO2, and thermoplastic/thermoset polymer/layered silicates. The metal matrix segment is further divided into Fe-Cr/Al2O3, Ni/Al2O3 Al/CNT, and others. The ceramic matrix segment is further categorized into Al2O3/SiO2, SiO2/Ni, Al2O3/SiC, and others. The polymer matrix segment held the largest market share in 2018 and is projected to be the leading segment during the forecast period. This is mainly attributed to the ease of production, lightweight, and ductile nature. The increasing demand for polymer matrix nanocomposites in the packaging and automotive industries is further expected to favor the growth of the segment in the years to follow.

Based on end-use industry, the global nanocomposites market has been categorized into packaging, automotive, aerospace & defense, medical, electrical & electronics, energy, and others. The packaging industry is projected to be the largest segment on account of increasing demand in the food packaging applications such as processed meat products, bakery products, cheese, fruit juices, dairy products, food grains, confectionery, boil‐in‐bag foods, and in the manufacturing of carbonated beverages and beer bottles. The increasing demand for innovative packaging materials for meeting the consumer need for higher quality food with safety, sustainability, and convenience is further expected to fuel the nanocomposites market growth during the forecast period.

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Low Foam Surfactants Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Overview

The growth of the GLOBAL LOW FOAM SURFACTANTS MARKET is driven by its superior properties such as foaming and foam stability, wetting, emulsification, and dispersion. The extensive use of these surfactants in pigment stabilization, which is used in coating formulations such as architectural, industrial, and automotive paints, is the major factor fueling the demand for low foam surfactants.

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Competitive Analysis

Dow (US), Clariant (Switzerland), Croda International Plc (UK), Kao Corporation (Japan), Evonik Industries AG (Germany), Akzo Nobel N.V. (The Netherlands), BASF SE (Germany), Stepan Company (US), Huntsman International LLC (US), Galaxy Surfactants Ltd (India), Solvay (Belgium), Air Products and Chemicals, Inc (US), and Nufarm (Australia).

Regional Analysis

The global low foam surfactants market, by region, has been categorized into Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa.

Asia-Pacific held the largest market share in 2018 owing to the increasing demand for the product in end-use industries such as food & beverage, textile, personal care, and agrochemicals.

The low foam surfactants market in North America and Europe are expected to showcase significant growth due to the high demand for the product in major end-use industries. Moreover, the developed automobile industry in the European region is also expected to boost the demand for surfactants owing to its extensive use in the paints and coatings industry. Furthermore, the growing demand for processed food is also expected to fuel the demand for low foam surfactants as food emulsifiers.

Market Segmentation

The global low foam surfactants market has been segregated based on type, application, and region.

The global low foam surfactants market, by type, has been categorized into non-ionic, amphoteric, and cationic. The non-ionic segment is projected to witness significant growth during the review period as it offers excellent rinsing and sprays cleaning performance for several high agitations and mechanical cleaning applications, including rinse aids for automated detergent applications, pulp and paper processing, dairy and food cleaners, textile chemistries, among others.

The application segments of the global low foam surfactants market are commercial machine dishwashing, food & dairy process cleaners, metal cleaning & metalworking fluids, home & personal care, pulp & paper, agrochemicals, oilfield chemicals, textile, and others. Rapid urbanization and industrialization across the globe have expanded the industrial base, which consequently is expected to fuel the demand for low foam surfactants.

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Fuel-Ethanol Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Overview:

With very limited membership in the global petroleum business, search for alternatives is always on. One such alternative is ethanol. Market Research Future (MRFR) has published a research report about Global Fuel Ethanol Market that estimates rise for this market with 6.40% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023. In terms of value, the FUEL ETHANOL MARKET that is worth the US $ 68.6 bn in 2016 is expected to be worth the US $ 99 bn in 2023.

Some of the key factors driving the growth of Fuel Ethanol Market include increasing crude oil prices and need to reduce carbon emissions from the automotive and transportation industry due to social awareness and government made laws. However, the use of agricultural products for production of Fuel Ethanol and the use of biomass as a substitute of fuel ethanol for electricity generation can hamper the Fuel Ethanol Market growth.

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The Global Fuel Ethanol Market has been segmented on the basis of Application, Product Type, and Region:

Based on the Applications, this market has been segmented into alcoholic beverages, automotive, chemical feedstock, pharmaceuticals, and others. 

On the basis of Product Types, the Fuel Ethanol Market has been segmented into cellulosic, starch based, and sugar based.

The Regional Segmentation of the Global Fuel Ethanol Market segments the market into continent-based regional markets known as North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa (MEA).

Key Players:

Key players in the Global Fuel Ethanol Market include Advanced BioEnergy LLC (USA), The Andersons, Inc. (USA), Archer Daniels Midland Company (USA), BlueFire Renewables (USA), BP PLC (UK), Cargill Incorporated (USA), Flint Hills Resources (USA), Mascoma LLC (USA), Pacific Ethanol, Inc. (USA), and Panda Energy International Inc. (USA).

Regional Analysis:

North America has the potential to be the largest regional Fuel Ethanol Market due to established automotive industry, technological advancement, rising awareness regarding the need to curb carbon emissions, and the presence of many key market players in this region. The strong country-specific markets in this region are the United States of America (USA) and Canada. The rapid technological advancement makes North America a bigger market than Latin America. In Latin America, the strongest economies that have the potential to emerge as strong markets include Argentina, Brazil, and Mexico, followed by the rest of Latin America.

Europe is another important regional market due to the high density of population, government imposed regulations regarding carbon emissions, the maximum technological advancement after North America, and established automotive industry in countries like Germany. In this region, the other major country-specific markets are France, Spain, Italy, Russia, and the United Kingdom (UK), followed by the rest of Europe.

Asia Pacific is another crucial market and during the forecast period, it can be the fastest growing market due to rapid urbanization, rising disposable income, speedy economic development, growing demand for eco-friendly vehicles & fuel, and growing demand for eco-friendly vehicles as well as fuels. The primary country-specific markets in this region are Australia, China, India, Japan, and New Zealand, followed by the rest of the Asia Pacific region.

The MEA region shows limited market with slow and steady growth. The reasons for the slow market growth in this region are use of available fuels like petroleum, limited availability of ethanol, lack of education, lack of awareness, lack of technological development, and political instability. Get Complete Report @ https://www.marketresearchfuture.com/reports/fuel-ethanol-market-6691

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Foam Glass Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Forecast

The GLOBAL FOAM GLASS MARKET is expected to grow at a CAGR of 5.8% during the forecast period and cross USD 2.5 Billion by 2025.

Foam glass insulation is a rigid insulating material composed of sealed glass cells. This inorganic, all-glass, closed-cell structure provides an unmatched combination of physical properties ideal for the building application. Glass insulation products supports commercial and residential architecture and building projects which is driving the product demand.

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 Segmentation

By Type

1.     Foam Glass Market is divided into open-cell foam glass and closed-cell foam glass. They are classified based on whether they have closed pores or open pores, with a gradual gradation from almost completely closed pores to almost completely open pores. Their fragility increases with the increase in open pores, but it also enhances its acoustic dampening abilities.

2.     Closed-cell foam glass is the larger Foam Glass Market segment and has excellent heat insulation properties. It is used in manufacturing industries, in transportation (especially of oil), in chemical industries due to their high corrosion resistance and in buildings due to their heat insulation properties. Open-cell foam glass is used when sound dampening is required, especially in industries that use heavy machinery that generate noise.

By End-Use

The industrial use of foam glass     is the fastest-growing segment, largely due to the developing     manufacturing industries in the Asia-Pacific region which are driving the     market for it.

Offering     unparalleled heat and sound insulation and resistance to chemical     corrosion, foam glass finds utility in industries which use heavy     machinery, require regulated heating, utilize corrosive chemicals and use     cryogenic technology. Foam glass also finds wide utility in buildings and     infrastructure where their use decreases heat dissipation by 25% and     provides excellent noise cancellation.

By Process

The chemical process of     manufacturing foam glass is the predominant market within this segment.     Chemically produced foam glass is easier to manufacture though it has     lower porosity than the foam glass manufactured by a physical process.     Chemically manufactured foam glass is made in various degrees of thickness     with variable applicability.

The physical     manufacture of foam glass ensures a very high degree of porosity making it     an excellent sound dampener but also increasing its fragility. It has     specific applicability in sound dampening. Its manufacture depends on the     availability of cathode ray tubes.

By Application

The use of     foam glass in buildings and industries is increasing due to its excellent     heat and sound insulation properties. Moreover, foam glass is manufactured     in a variety of widths and densities ensuring enhancement of their desired     properties and proliferating the specificity of their applicability. Foam     glass is also remarkably resistant to chemical corrosion and this finds     utility in the transportation of hazardous chemicals as well as in chemical     manufacturing and storing plants.

By Region

North America: Foam     Glass Market growth is driven by the high production     of oil in the region. Increasing the application of foam glass insulation     in oil refineries

Europe: A well-established     market. Increase in processed food manufacturing industries has increased     in the region which requires foam glass for supporting machine and     equipment.

Asia-Pacific: The largest and     fastest-growing regional Foam Glass Market. Increase     in foam glass insulation in residential building is expected to drive     demand

Latin America: The region is the     largest producers of computers, automotive and oil. High insulation demand     from manufacturing industry propelling regional growth

Middle East     & Africa: High oil and gas exploration activities in the region     requires a large number of oil & gas refineries for processing and     treating oil which is positively influencing the foam glass insulation     demand.

 Pricing Analysis

The foam glass insulation products are comparatively higher than other insulation production owing its manufacturing cost. The foam glass manufacturing machines are expensive which increases the price of foam glass. Moreover, the cost of installation of foam glass is also costly owing to the fragile nature of foam glass.

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Co-Fired Ceramic Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Synopsis:

The GLOBAL CO-FIRED CERAMIC MARKET was valued at USD 886 million in 2018 and is forecast to rise at a CAGR of 4.45% to reach USD 1.2 Billion by 2025.

This growth can be attributed to increased application of co-fired ceramics in wireless devices, rising integration of electronics in the automotive systems, and a focus on automation of manufacturing processes across industries.

The increased demand for VLSI and ULSI circuitry is expected to propel the growth of Co-Fired Ceramic Market during the review period.

Due to the wide application scope of ICs, which are manufactured using co-fired ceramics, in almost all industries, the market is highly resistant to saturation.

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SEGMENTATION:

The high applicability of co-fired ceramics makes for very robust market segmentation with high dividends expected in each segment.

By Process Type

Low-Temperature Co-Fired Ceramic (LTCC): Currently the larger segment, it is also expected to register the higher CAGR during the forecast period. The unparalleled growth of the Co-Fired Ceramic Market is due to the high application potential of LTCCs in the electronics, telecommunications, automotive, and electronics industries. LTCCs offer advantages such as extreme resistance to thermal and mechanical stress, good thermal conductivity, and low production costs for medium to large quantities.

High-Temperature Co-Fired Ceramic (HTCC): Used in extreme high-stress applications, HTCCs offer utility in transmission and reception devices in the telecommunications and aerospace & defense industries, among others. The advantages of HTCCs include ease of integration in metal housing due to matching thermal coefficients, very high thermal conductivity, and excellent mechanical stability. HTCCs find widespread use in defense & aerospace applications.

By Material

Glass-Ceramic: The larger Co-Fired Ceramic Market segment as glass-ceramics find use in the manufacture of LTCCs. This segment is also projected to exhibit the higher CAGR due to the utilization of glass-ceramic LTCCs in emerging markets such as wireless devices.

Ceramic: This segment is seeing steady growth due to the use of ceramics in the manufacture of HTCCs and certain LTCCs. The use of the material is also more cost-effective.

By Application

Telecommunications: According to the Telecommunications Industry Association, the industry generated USD 1.6 trillion in revenue in 2019. The telecommunications segment is projected to be the largest due to the use of LTCCs in virtually every aspect of the industry. Moreover, as bulk co-fired ceramics production tends to be more cost-effective, the large-scale use of co-fired ceramic ICs in telecommunications applications is expected to propel the growth of the segment.

Defense & Aerospace: The dependence on electronics for critical applications in the aerospace & defense industry has led to the widespread use of ICs. The industry requires specialized ICs, necessitating the use of co-fired ceramics.

Automotive: The fastest-growing segment due to the increased application of electronics in various automotive systems. The rapid growth of the automotive industry is also projected to drive bulk CFC production.

Medical: Modern diagnostic tools and computer-assisted surgery rely on chipsets that use CFCs. This segment is growing due to the growth of the global medical market and technological advances in the field.

Consumer Electronics: Representing a significant market share, consumer electronics widely use CFCs in the form of ICs and wireless transmission equipment. The segment is expected to register a stable growth rate.

Others: Virtually all automated manufacturing units, the logistics industry, and tracking technologies extensively use CFCs.

By Region

North America: Technologically very proficient but lacks the low-cost manufacturing capabilities of other regions.

Europe:

Asia-Pacific: The largest and fastest-growing market.

Middle East & Africa

Latin America

 Market USP:

The high application of co-fired ceramics in the fast-expanding wireless devices market is expected to drive Co-Fired Ceramic Market growth.

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Biomass Pellets Market Size- Global Analysis, Regional Trend, Industry Demand - Forecast to 2025

Market Summary

In terms of value, the GLOBAL BIOMASS PELLET MARKET reached USD 8.7 billion in 2018 and is expected to exhibit a CAGR of over 9% during the forecast period, 2019–2025. The low availability and high prices of fossil fuels have influenced the energy and power sector to find possible substitutes for energy production. Biomass pellets being a renewable and clean source of energy acts as a suitable substitute for energy production. The European Biomass Pellet Market is expected to witness healthy growth during the forecast period and is the leading producer and exporter.

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Key Players

Forest Energy Corporation (US), German Pellets GmbH (Germany), Drax Group plc (UK), AS Graanul Invest (Estonia), Zilkha Biomass Energy (US), Fram Fuels (US), JP Green Fuels (India), The Westervelt Company, Inc (US), New England Wood Pellet (US), Abellon CleanEnergy Limited (India), Enviva (US), Pinnacle Renewable Energy Inc (Canada), Ecostan (India), and Premium Pellets Ltd (Canada) and Lignetics (US).

Segmental Analysis

The global biomass pellets market has been segmented based on source, type, application, and region.

By source, the global biomass pellets market has been segmented into industrial waste, agricultural waste, energy crops, food waste, virgin lumber, and others. Among these, the industrial waste and agricultural waste segments collectively held a market share of over 73% in 2018, as a significant amount of waste is produced from these two sources as compared to others.

The types included in the scope of the global biomass pellets market are wood pellets, agri-pellets, torrified pellets, and others. The wood pellets segment has the largest market share in 2018 and is expected to register the highest CAGR during the forecast period. The segment’s growth is attributed to the low cost of raw materials and high energy generation capacity when co-fired with other fuels.

Based on application,

The power industry held the highest market share in 2018 as pellets are a clean source of fuel used in energy generation. It is expected to be the fastest-growing segment during the forecast period. The power industry in the Americas and Europe are extensively using biomass pellets since 2012. For instance, according to the International Energy Association (IEA), Atikokan is the largest 100% biomass-fueled power plant in North America, generating renewable, dispatchable, and peak capacity power. The plant stopped using coal in 2012 and underwent a USD 130.9 million conversion to solely run on wood pellets.

 Regional Analysis

The global biomass pellet market has been analyzed for five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Europe held the largest market share in 2018 and is expected to register the highest CAGR during the forecast period due to the initiatives taken by the government authorities to use clean source for energy production over fossil fuels. Asia-Pacific accounted for the second-largest Biomass Pellet Market share in 2018, led by China, India, and Japan, which are shifting towards renewable sources for energy production. Followed by North America, which also has other alternatives such as hydropower, wind energy, and others for the production of clean source. The Latin American and the Middle East & African Biomass Pellet Market are expected to witness slow growth during the forecast period.

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Cool Roof Coatings Market| Industry Demand, Size, Share, Trend, Key Players Review and Fast Forward Research

Market Overview

The global cool roof coatings market has been segmented on the basis of product type, roof slope, application, and region.

By product type, the global cool roof coatings market has been classified into elastomeric and IR reflective. Among these, the elastomeric segment accounted for the largest market share and was the fastest growing segment in 2018. The segment is expected to maintain its dominance during the review period, owing to the relatively low cost of production as compared to the other materials. Additionally, the application of the elastomeric cool roof coating is easy and less labor intensive, which is also expected to contribute to the growth of the elastomeric segment during the forecast period.

On the basis of roof type, the global cool roof coatings market has been classified into low-sloped roof, steep-sloped roof, and others. The low-sloped roof is the most commonly used type of roofing in the industrial buildings as it prevents water collection on the roof during the rainy seasons and is also proved to be ideal for industrial buildings. Hence, the use of high-performance cool coatings on a low-sloped roof appears to be highly beneficial in buildings. The segment is expected to grow at a significant rate during the forecast period.

Based on application, the global cool roof coatings market has been divided into residential, commercial, and industrial. The industrial segment held the largest share and was the fastest growing segment in 2018, due to the increasing use of cool roof coatings in industrial buildings. The adoption of cool roof coatings in industrial buildings is high in North America. The adoption of new technologies to execute thermal management in buildings was witnessed largely in the US & Canada in 2018. The emerging economies of Asia-Pacific are also responsible for the growth of the cool roof coatings market due to growing urbanization and environmental awareness in this region. Countries such as India and China are adopting cool roof coating, particularly in industries to save energy and enable thermal management in the buildings. The segment is projected to continue its growth during the review period.

Market Players:

Some of the key players operating in the global cool roof coatings market are BASF SE (Germany), Akzo Nobel NV (Netherlands), RPM International Inc. (US), The Sherwin-Williams Company (US), Hempel A/S (Denmark), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Sika AG (Switzerland), Nippon Paint Holdings Co., Ltd (Japan), Valspar (US), Nutech Paints (US), GAF (US), Monarch Industries Ltd (Canada),  and Excel Coatings (India).

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Regional Analysis:

The global cool roof coatings market has been spanned across five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America held the largest share of the global cool roof coatings market in 2018 and is projected to continue the trend during the forecast period. Asia-Pacific held the second-largest share and was the fastest growing regional market in 2018, owing to the growing use of cool roof coatings in the industrial buildings. The European market is expected to witness considerable growth, and the Latin American market is expected to record moderate growth during the forecast period. The Middle East & African market is projected to witness sluggish growth during the review period.

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