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Nitrile Butadiene Rubber (NBR) Powder Market is Expected to Reach USD 425.7 million by 2019 – TMR

Transparency Market Research has released a new market report titled “Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market for PVC Modification, Automotives, Buildings, Footwear, Consumer Goods and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to the report, the global NBR powder market was valued at USD 275.6 million in 2012 and is anticipated to reach USD 425.7 million by 2019, growing at a CAGR of 6.5% from 2013 to 2019. In terms of volume, the global NBR powder market stood at 73,820.8 tons in 2012.

Specialty forms of NBR continue to grow with increasing applications in different end-use industries. NBR powder finds key applications in PVC and other resin modification. It is also used as binder in frictional materials. Rising demand for auto components such as dashboards, kick panels, brake pads and brake lining from end-use industries, especially automobile, is the major driving factor for the NBR powder market. Growth in the two-wheeler market in emerging economies is likely to open up opportunities for the NBR powder market in the next few years. However, demand for NBR powder may decline in the PVC modification sector owing to the availability of potential substitutes such as thermoplastic elastomers and thermoplastic olefins.

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NBR powder is available in two key types: linear and cross-linked or pre-cross-linked. The latter dominates the global NBR powder market. Cross-linked NBR (X-NBR) powder finds wide application in resin modification and frictional materials, while linear NBR powder is mainly consumed in the manufacture of seals and gaskets. Both the product types are expected to grow significantly in the next few years; however, cross-linked NBR powder is anticipated to be the fastest growing segment in terms of volume and is expected grow at a CAGR of 5.2% from 2013 to 2019.

Applications of NBR powder majorly comprise PVC modification, automotives, buildings, footwear, consumer goods and others including coatings and tubes. PVC modification is the largest application with over 48% share of the global market in 2012. It is also used in modification of other resins such as ABS and phenolic resins. With rising demand from frictional compounds, automotive is estimated to be the fastest growing market with a CAGR of 6.9% from 2013 to 2019, in terms of revenue. Growth in the vehicle sector has been driving the automotive application. This trend is projected to continue in the next few years, especially in Asia Pacific. Other applications such as footwear, buildings and consumer goods are likely to experience moderate growth with stable demand from end-use industries.

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Asia Pacific leads the global NBR powder market with more than 44% of demand in 2012. Asia Pacific is expected to be the fastest growing region due to rising number of end-users such as auto part manufacturers, brake lining manufacturers, footwear manufacturers and others. Europe and Rest of the World followed Asia Pacific with a combined share of more the 40% of the global demand in 2012. North America accounts for the smallest share of the market. The region is experiencing sluggish growth due to a shift from NBR powder to other substitutes, specifically for PVC modification applications.

The NBR powder market is moderately concentrated, with the top five players accounting for almost 38% of the global market. The NBR powder market comprises the organized as well as unorganized sector. The organized sector consists of established players such as Omnova Solutions, Lanxess AG, LG Chem and Zeon Chemicals.

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Nitrile Butadiene Rubber (NBR) Powder Market is Expected to Reach USD 425.7 million by 2019 – TMR

Transparency Market Research has released a new market report titled “Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market for PVC Modification, Automotives, Buildings, Footwear, Consumer Goods and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to the report, the global NBR powder market was valued at USD 275.6 million in 2012 and is anticipated to reach USD 425.7 million by 2019, growing at a CAGR of 6.5% from 2013 to 2019. In terms of volume, the global NBR powder market stood at 73,820.8 tons in 2012.

Specialty forms of NBR continue to grow with increasing applications in different end-use industries. NBR powder finds key applications in PVC and other resin modification. It is also used as binder in frictional materials. Rising demand for auto components such as dashboards, kick panels, brake pads and brake lining from end-use industries, especially automobile, is the major driving factor for the NBR powder market. Growth in the two-wheeler market in emerging economies is likely to open up opportunities for the NBR powder market in the next few years. However, demand for NBR powder may decline in the PVC modification sector owing to the availability of potential substitutes such as thermoplastic elastomers and thermoplastic olefins.

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NBR powder is available in two key types: linear and cross-linked or pre-cross-linked. The latter dominates the global NBR powder market. Cross-linked NBR (X-NBR) powder finds wide application in resin modification and frictional materials, while linear NBR powder is mainly consumed in the manufacture of seals and gaskets. Both the product types are expected to grow significantly in the next few years; however, cross-linked NBR powder is anticipated to be the fastest growing segment in terms of volume and is expected grow at a CAGR of 5.2% from 2013 to 2019.

Applications of NBR powder majorly comprise PVC modification, automotives, buildings, footwear, consumer goods and others including coatings and tubes. PVC modification is the largest application with over 48% share of the global market in 2012. It is also used in modification of other resins such as ABS and phenolic resins. With rising demand from frictional compounds, automotive is estimated to be the fastest growing market with a CAGR of 6.9% from 2013 to 2019, in terms of revenue. Growth in the vehicle sector has been driving the automotive application. This trend is projected to continue in the next few years, especially in Asia Pacific. Other applications such as footwear, buildings and consumer goods are likely to experience moderate growth with stable demand from end-use industries.

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Asia Pacific leads the global NBR powder market with more than 44% of demand in 2012. Asia Pacific is expected to be the fastest growing region due to rising number of end-users such as auto part manufacturers, brake lining manufacturers, footwear manufacturers and others. Europe and Rest of the World followed Asia Pacific with a combined share of more the 40% of the global demand in 2012. North America accounts for the smallest share of the market. The region is experiencing sluggish growth due to a shift from NBR powder to other substitutes, specifically for PVC modification applications.

The NBR powder market is moderately concentrated, with the top five players accounting for almost 38% of the global market. The NBR powder market comprises the organized as well as unorganized sector. The organized sector consists of established players such as Omnova Solutions, Lanxess AG, LG Chem and Zeon Chemicals.

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Lubrication Systems Market Estimated to Reach US$ 4,808 Mn by 2026; Rise in Demand from Asia Pacific to Boost Market

The global lubrication systems market was valued at US$ 3,565 Mn in 2017 and is anticipated to expand at a CAGR of more than 3% from 2018 to 2026, according to a new report titled ‘Lubrication Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR).

Lubricants are essential for proper functioning of any machinery used in an application. Lubricants are used to reduce friction between two moving surfaces that are in contact with each other. A lubrication system does not eradicate friction from the machinery. Friction is required for transfer of power from one part to another. A lubrication system is employed to lower the wear and tear in the operating machinery. Advancements in technology have led to development of several controlling and monitoring systems, which assist in proper lubrication of various machineries or units.

Rise in demand for lubrication systems in cement plants

Growth of the housing & real estate sector is boosting the demand for cement. The sector accounts for about 65% of the global consumption of cement. Other major consumers of cement include public infrastructure (20%) and industrial development (15%). The global cement industry experienced capacity addition of around 32–36 million tons in 2017. As of December 2017, about 575 cement plants with total production capacity of 460 MTPA were operational.

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Growing focus on workers’ safety and rising machine reliability to boost market

Rising expenditure on maintenance and repair of machinery is expected to boost the demand for lubrication systems in the next few years. Shrinking profit margins resulting from machinery downtime are likely to compel industries to deploy automatic lubrication systems. Moreover, stringent regulations regarding employee and environment safety are expected to boost the demand for lubrication systems further. Advancements in the lubrication technology make efficient lubrication systems ideal for installation. Manual application of lubricants on moving parts can prove to be hazardous for workers. Utilization of automatic lubrication systems lowers the threat of operational hazards and provides effective lubrication to the machinery. Use of automatic/centralized lubrication systems simplifies the process of accessing the remote greasing points located in confined spaces. Environment safety is another factor that is likely to boost the demand for lubrication systems in the near future. Improper lubrication can have detrimental impact on the environment. Utilization of lubrication systems in plants reduces excessive usage of lubricants. Some of the lubricants can be non-biodegradable or partially degradable in nature and can have long-term impact on the environment.

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Asia Pacific to lead the global lubrication systems market

Asia Pacific is anticipated to be a highly attractive region of the global lubrication systems market during the forecast period. Asia Pacific constituted more than 30% share of the global lubrication systems market in 2017. Increasing disposable income of people in countries such as India and China has resulted in infrastructure development and raised the standards of living. Asia Pacific is expected to increase its production capacity for cement and steel. This is likely to result in the construction of new facilities and expansion of existing ones. This, in turn, would result in rise in the demand for lubrication systems in the region in the near future.

Highly competitive market with dominance of top players

The global lubrication systems market is highly competitive. In order to gain a higher market share, companies operating in North America, Europe, and Asia Pacific are rapidly expanding their portfolio of lubrication systems. Key players operating in the global market are Graco Inc., Bijur Delimon, Cenlub Systems, SKF, Shaan Lube Equipment Pvt. Ltd., Southern Lubrication (Pvt) Ltd., S.V.A. Rikkon Lubes Private Limited, Pricol Limited, AFMC LUBRICATION PVT LTD, Systematrix Engineering Service, Lubrite Industries, LUBE Corporation, KRS Multilub Pvt. Ltd., BEKAWORLD, Beka-Lube Products Inc., Dropco Multilub Systems Private Limited, Groeneveld Group, and I.L.C. S.r.l.

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Global Turbines Market to Reach US$191.8 bn by 2020 owing to Increasing Requirement for Power Generation – TMR

A new Transparency Market Research report states that the global turbines market stood at US$135.7 bn in 2013 and is predicted to reach US$191.8 bn by 2020. It is predicted to expand at a CAGR of 4.89% from 2014 to 2020. The title of the report is “Turbines Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020.

As per the report, the increasing requirement for power generation, especially in emerging economies, and the reduced risk of technology failure, resulting in increased demand from investors, are amongst the chief factors propelling the growth of the turbines market. Furthermore, the rising global demand for heat owing to the increasing global population is also a prime factor augmenting the market for turbines. In addition, the introduction of new components in turbine technology resulting in cost saving has emerged as a key opportunity in the market. On the other hand, the soaring initial costs of investments and turbines being climate-dependent systems are amongst the major factors that may inhibit the growth of the turbines market in the coming years. In addition, a number of project site issues owing to the low noise tolerance as well as emission impact of turbines may also have a negative impact on the growth of the market for turbines. The report segments the market on the basis of product type, end use, and geography

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The report, on the basis of product type, segments the market into steam, hydropower, wind, gas-based, and nuclear. Amongst these, the segment of steam turbines emerged as the prime source of power generation in 2014 and is predicted to rise exponentially in the coming years. On the basis of end use, the turbines market is segmented into power storage, power generation, aeronautics, and marine.

In terms of geography, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2013, on the basis of installed turbine capacity, Asia Pacific constituted a share of over 40% in the market. The region of Asia Pacific was valued at US$42.9 bn in 2013 and is predicted to reach US$68.5 bn by 2020, expanding at a CAGR of 5.81% between 2014 and 2020. This is owing to the swift development of oilfield projects within the region of Asia Pacific.

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As per this study, the major players operating in the turbines market are General Electric Energy, Alstom S.A., Siemens Energy, Doosan Fuel Cell America, Inc., Ballard Power Systems Inc., Vestas Wind Systems A/S, Goldwind Science & Technology Co., Ltd., Kirloskar Brothers Limited, and Sinovel Wind Group Co., Ltd., among others.

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Global Anti-reflective Coatings Market to be Valued at over US$4.9 bn in 2020, Driven by Robust Demand from the Electronics Industry – TMR

The featured report, “Anti-reflective Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”, from Transparency Market Research (TMR) offers the latest insights into the global anti-reflective coatings market. According to this report, the global anti-reflective coatings market will expand at an 8.2% CAGR during the forecast period from 2014 to 2020. In 2013, the global anti-reflective coatings market was estimated at US$2.9 bn and by 2020, it is expected to be worth more than US$4.9 bn.

The global anti-reflective coatings market will almost double in value in the next few years. Factors such as the growing demand for high light transmitting eyeglasses and lenses and growing consumption of these coatings in the electronics sector are driving the global anti-reflective coatings market. Furthermore, the expanding eyewear, flat display, and semiconductors markets are also boosting the overall anti-reflective coatings market. Players in the global anti-reflective coatings market will also benefit from the rising demand from the solar energy industry.

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Nevertheless, the global anti-reflective coatings market will be restrained by the lack of awareness among consumers, usability issues, and the stringent environment regulations related with raw materials.On the basis of end use, the global anti-reflective coatings market is segmented into automobiles, solar power, electronics, eyewear, and others such as telecommunication. Anti-reflective coatings are gaining popularity in these end-use industries due to their ability to enhance visibility, as they block unwanted reflections from various types of surfaces. Anti-reflective coatings are primarily used in the optical and electrical sectors to reduce glare and minimize reflection.

The eyewear sector dominated the global anti-reflective coatings market in 2013, when the sector held a share of approximately 40% in the global anti-reflective coatings market. Anti-reflective coatings are applied on a wide range of substrates such as sapphire, yttrium aluminum garnet, and quartz. Other prominent applications of anti-reflective coatings are kiosk displays, telescopes, riflescopes, video glasses, and binocular lenses. According to the report, the electronics segment will show robust growth during the forecast period due to the high demand for anti-reflective coatings from flat panels and smartphones.

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Region-wise, the global anti-reflective coatings market is divided into Asia Pacific, Europe, North America, and Rest of the World (the Middle East, Africa, and Latin America). The Europe anti-reflective coatings market will benefit from rising demand from the solar power and automobiles end-use sectors. In addition to this, the stable demand from the eyewear industry will also fuel the Europe anti-reflective coatings market. On the other hand, North America will witness high demand for anti-reflective coatings from the smartphone displays, lenses, and eyeglasses sectors. On the other hand, the Asia Pacific anti-reflective coatings market will benefit from the elevated demand in emerging nations such as India, China, and South Korea.

The key players operating in the global anti-reflective coatings market are Rodenstock, PPG, Optical Coatings, Koninklijke, JDS Uniphase, Janos Technology, iCoat Company, Hoya, Honeywell, Essilor, and Carl Zeiss. The rising demand from consumers for the latest innovative products is in turn driving R&D in the global anti-reflective coatings market. In March 2015, a new anti-reflective coating was developed inspired by moth eyes. This technology is expected to boost the efficiency of solar cells and sharpen the view of image sensors.

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Global Roofing Market Players Vie to Develop Bio-based Products to Gain Competitive Advantage – TMR

Characterized with a copious number of key players, the global roofing market is highly fragmented and competitive in nature. In this scenario, to maintain their market share, top players are aggressively engaged in research and development to introduce novel roofing material that are stronger and inexpensive. However, development of bio-based or green roofing and solar roofing materials is the focus of topnotch players, which are gaining adoption to serve environmental and energy conservation needs.

Furthermore, in an intensely competitive market, players are seeking alternative growth strategies to sustain competition. Some players in the roofing market are engaged in producing raw material as well as roofing material, which features backward integration in the manufacturing value chain. This helps players to control quality and cost which adds to their competitive advantage.

Support from several governments for companies that are striving to offer clean and green roofing solutions is likely to attract new players in the market. This is likely to intensify competition in the future.

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As per estimates of a market intelligence study by Transparency Market Research (TMR), the global roofing market is likely to post a CAGR of 6.5% between 2017 and 2024. Growing at this pace, the market’s valuation of US$80118.6 mn in 2017 will become US$124501.8 mn by 2024. Among the key product segments, bituminous roofing accounts for almost 50% of the overall market. Low cost, easy installation, and long durability of bituminous roofing accounts for its large market share. Application-wise, residential is anticipated to hold significant share of the market vis-à-vis revenue. However, non-residential is the leading application segment of the roofing market due to increase in construction of commercial buildings and hotels in both developed and developing countries. In terms of region, Asia Pacific generates leading revenue in the roofing market due to massive surge in construction activities.

Flourishing Construction Sector in Developing Countries Promoting Demand

Majorly fuelling the roofing market is growth of the construction sector worldwide. Developing countries in Asia Pacific, Latin America, and Africa that are undergoing rapid industrialization and urbanization are providing ample opportunities to the growth of roofing market. Construction of commercial buildings such as multiplexes and shopping arcades in response to the changing lifestyle of people is also serving to boost the roofing market. Moreover, government residential projects in developing countries to serve the housing needs of large economically weak population is also benefitting the roofing market.

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Developed countries in North America and Europe are also serving to benefit the roofing market. Initiatives for construction of green buildings is generating demand for roofing materials. Energy conservation initiatives leading to renovation of old buildings involves supplanting old roofs with new ones. This is benefitting the roofing market in developed countries.

Rise of Production Cost of Raw Materials Pose Challenge to Market Growth

Proving to hinder the growth of roofing market is increase in production cost of roofing material. Challenges pertaining to maintaining quality and availability of asphalt, which is a major raw material in the manufacture of bituminous roofing material is escalating the price of final product. This is negatively impacting the growth of roofing market. Furthermore, increasing cost of manufacturing processes of roofing materials is hampering the roofing market. However, with advancements in techniques for production of roofing materials and economies of scale are likely to provide ample growth opportunities for players in the roofing market.

The review presented is based on the findings of a TMR report, titled “Roofing Market (Product Segment – Bituminous Roofing, Metal Roofing, Tile Roofing; Application Segment – Residential, Commercial, Non-commercial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024.

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Global Rare Earth Metals Market to Expand at 13.0% CAGR 2012-2018 Driven by Surging Demand from China

The global market for rare earth metals demonstrates a fragmented business landscape. Molycorp, Chinalco Yunnan Copper Resources Ltd., Great Western Minerals Group, Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., Alkane Resources, Rare Elements Resources Ltd., Greenland Rare Earth and Energy Ltd., Arafura Resources, China Rare Earth Holdings, Lynas Corp. Ltd., Indian Rare Earths, and Avalon Rare Metals are some of the key players in this market. The market is becoming increasingly competitive due to the constant entry of new companies. Researchers expect the competition within this market to intensify in the years to come, notes the market study.

According to the research report, the worldwide market for rare earth metals, which stood at US$3.9 bn in 2012, is projected to rise at a CAGR of 13.0% during the period from 2012 to 2018 and increase to US$8.1 bn by the end of the period of the forecast. Among all the types of products available in this market, cerium oxide is the most-valued one. However, the sales of lanthanum oxide is also expected to increase significantly in the near future, thanks to its augmenting usage in various industries, such as construction, green technology, electronics, and automotive, states the research report.

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Asia Pacific to Dominate Global Rare Earth Metals Market

In terms of the geography, Europe, Asia Pacific, North America, and the Rest of the World have surfaced as the key segments in the global market for rare earth metals. With extremely concentrated reserves of rare earth metals, this market witnesses robust progress in only a few parts across the world. Asia Pacific, by far, has been leading the worldwide rare earth metals market, with China being the most prominent one. Thanks to the gigantic reserves of rare earth metals in this country, nearly 95.0% of the overall production of rare earth metals around the world is carried out in China. Not just the production but also the consumption of rare earth metals is considerably high in this country, which ensures its future dominance. The U.S., India, Russia, and Australia are expected to closely follow China in the years to come, reports the research study.

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Permanent Magnet Industry to Register High Demand for Rare Earth Metals

“The global market for rare earth metals is benefiting significantly from the increasing usage of rare earth metals in the permanent magnet industry,” says a TMR analyst. The considerable rise in the recycling of rare metals, especially from e-waste, and the surge in the exploration of unmined reserves are also supporting the growth of this market, remarkably. However, the increasing production of engineering nanocomposites, rapid depletion of reserves, high cost required for the extraction of rare earth metals, and a number environmental issues are likely to hamper the global market in the years to come, states the market report.

The review is based on a report by Transparency Market Research (TMR), titled “Rare Earth Metals Market (Type – Lanthanum, Praseodymium, Cerium, Neodymium, Samarium, Promethium, Europium, Dysprosium, Holmium, Gadolinium, Terbium, Thulium, Scandium, Yttrium, Erbium, Ytterbium, and Lutetium; Application – Magnets, Catalyst, Metallurgy, Ceramics, Phosphors, Glass, and Polishing) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018.”

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Superhydrophobic Coatings Market : Flourishing Electronics and Telecommunication Industry Propels Market to reach a valuation of US$37.1 mn by 2024

Numerous manufacturers operating in the global superhydrophobic coatings market makes it fragmented and extremely competitive. This is expected to help the market attain a double digit growth vis-à-vis both revenue and volume over the course of the forecast period from 2016 to 2024. A recent report by Transparency Market Research on the market observes that despite steep initial upfront investment new entrants are prospering in the market on the back of product innovations leveraging latest technologies.

Some of the prominent participants in the global market for superhydrophobic coatings are The Sherwin-Williams Company, P2i Limited, DryWired, LLC, Cytonix, LLC, Surfactis Technologies, UltraTech International, Inc., NEI Corporation, Sto Group, Nanex Company, NTT Advanced Technology Corporation, Artekya Ltd., Lotus Leaf Coatings, Inc., Rust-Oleum Corporation, and Aculon, Inc.

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Our finds that the worldwide market for superhydrophobic coatings will progress at a mind-boggling 34.3% CAGR from 2016 to 2024. Rising at this rate, by 2024-end the market is expected to clock a value of US$37.1 mn from US$2.90 mn in 2015. Volume-wise, our report estimates the market to expand at a phenomenal CAGR of 37.3% from 2016 to 2024.

Some of the key end use application of superhydrophobic coatings are textile and leather, electronics and telecommunication, building and construction, medical and healthcare, automotive, and others such as power generation, optical, etc. Of them, the segment of electronics and telecommunications accounted for a substantial demand share of 32.0% in 2015. In the years ahead to the segment is expected to surge ahead because of the growing application of superhydrophobic coatings in semiconductors, consumer electronics, and other electronic components.

Geographically, the key regions in the global market for superhydrophobic coatings are North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America, of them, powered by the U.S., currently leads the market in terms of volume. A well developed electronics and telecommunication industry and the swiftly recovering construction sector in the region is fueling its market majorly.

Flourishing Electronics and Telecommunication Industry Propels Market

The exploding electronics and telecommunication industry worldwide is at the forefront of driving growth in the global market for superhydrophobic coatings. Superhydrophobic coatings find widespread usage in the electronics and telecommunications since they are heat resistant and are easily applied on the surface. They are useful in shielding sensitive electronic parts which can be easily damaged by water. Adds the lead analyst of our report, “The growing demand for water-resistant electronic products is expected to expand further in the next couple of years on the back of rising disposable incomes of people and the resultant want of superior and durable products, thereby supporting surging sales in the superhydrophobic coatings market.”

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Construction Industry Emerges another Major Growth Driver

Another factor stoking stellar growth in the global market for superhydrophobic coatings is the booming construction industry which has exponentially driven up demand for composite materials. Besides, superhydrophobic coatings also provide excellent resistance to high temperature, alongside robust barriers against microbes and water.

However, strict government rules with regard to coating ingredients and formulations in North America, Europe, and Asia Pacific is likely to impact the superhydrophobic coatings market negatively in the near future.

This review is based on the findings of a TMR report, titled, “Superhydrophobic Coatings Market (End-user – Electronics & Telecommunication, Building & Construction, Textile & Leather, Automotive, Medical & Health Care) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

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Global Base Oil Market to Reach around US$ 38.5 Bn by 2026 – TMR

The global base oil market was valued at US$ 33.2 Bn in 2017 and is projected to expand at a CAGR of 1.7% from 2018 to 2026, according to a new report titled ‘Base Oil Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) Growth in the global automotive sector and increase in number of manufacturing plants are key factors driving the global base oil market.

In terms of grade, the global base oil market has been classified into group I, group II, group III, group IV (PAO), group V (excluding naphthenic), naphthenic, and re-refined. The group I segment has been further sub-segmented into SN150, BS150, SN250, SN500, and others. Similarly, the group II segment has been sub-segmented into N150, N250, N500, N600, and others. The group III segment has been sub-segmented into 2cSt, 4cSt, 6cSt, and 8cSt. The naphthenic segment has been further divided into 35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS, and above 1200 SUS. The group I segment held dominant share of 37.1% of the global base oil market in terms of volume in 2017. However, the demand and supply for group I has been declining. It is being replaced by group II and group III base oils. In terms of volume, the group II and group III base oil segments are anticipated to expand at CAGRs of 1.8% and 2.5%, respectively, between 2018 and 2026.

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Based on application, the base oil market has been segregated into automotive fluids, process oils, industrial oils, metalworking fluids, hydraulic oils, and others. Automotive fluids is the dominant segment of the market. Automotive fluids essentially consist of engine oils, transmission oils, brake fluids, suspension oils & fluids, bearing lubricants, and friction-reducing greases. These fluids and oils are essential in smooth functioning of an automotive. Industrial oil is also a prominent application of base oils. Industrial machinery requires substantial amount of lubricants for friction reduction and cooling. Base oils are also used in the manufacture of hydraulic oils, which are employed in various machineries and equipment. Construction equipment, heavy duty presses, aircraft flight control systems, and hydraulic lifts are among key application areas of hydraulic oils.

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Geopolitical events and volatility in crude oil prices adversely affect the supply of crude oil. This creates disruptions in the base oil market. Economic recession and stagnating automotive sales are the factors that hamper the demand for base oil. However, demand for base oil is expected to rise steadily during the forecast period, led by the recovery in the global economy. However, rise in popularity of electric vehicles is anticipated to hamper the demand for base oil during the latter half of the forecast period. Furthermore, fluctuation in prices of crude oil has been negatively impacting the global base oil market since the last few years.

Key market players profiled in the research study include Royal Dutch Shell Plc, Nynas AB, China Petrochemical Corporation, ExxonMobil Corporation, PetroChina Company Limited, GS Caltex Corporation, The Phillips 66 Company, SK Lubricants Co. Ltd, British Petroleum, and Chevron Corporation.

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Flooring Sector to Bolster Ceramic Tiles Market; Global Industry Analysis 2026 – TMR

The global ceramic tiles market faces stiff competition due to the presence of several large and small scale players in the market. It is also fragmented, says Transparency Market Research (TMR). These players are resorting to strategies such as launching innovative products and introducing competitive prices to establish their place in the global ceramic tiles market.  The leading players in the market include Kajaria Ceramics, Ras Al Khaimah Ceramics, Grupo Lamosa, Johnson Tiles, and Gruppo Concorde S.p.A.

Rising demand for flooring in commercial buildings, residential apartments, airports, bus stations, and railways stations are expected to drive the global ceramic market towards healthy expansion. The global ceramic tiles market is expected to grow at an impressive rate 9.7% CAGR during the forecast period – 2018 to 2026. The global ceramic market stood at US$ 81.50 bn in 2017, and is expected to reach up to US$185.71bn by the end of 2026.

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In terms of region, the global ceramic tiles market is expected to be dominated by the Asia Pacific region. The growth in this region can be attributed to rising number of construction projects, low production cost, and rising disposable income. China is supposed to lead the market here. The global ceramic tiles market is segmented into residential replacement, new residential, commercial, and industrial sectors. However, residential replacement segment is likely to dominate the global ceramic market due to rising number residential renovation activities. Thus, the global ceramic tiles market is projected to grow at a staggering rate.

Construction Sector to Promote Global Ceramic Tiles Market

Rapid urbanization in developing economies leads to construction of large number of residential, commercial, and industrial complexes across the globe. Thus, the construction sector is expected to rise the demand for ceramic tiles in upcoming years. This is expected to drive the global ceramic tiles market to strengthen at a grand pace during the forecast period. Moreover, large section of the population is migrating to urban areas for education and   employment. Such migrants are expected to boost demand for construction sector. This factor in turn is projected to encourage the global ceramic market vicariously. Additionally, ceramic tiles are also used as ceiling tiles, roofing tiles, bathroom wares, and kitchen counter top tiles. This again is projected to propel the global ceramic tiles market during the forecast period.

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Moreover, growing demand for beautification of homes, offices, and commercial spaces is likely to boost the demand for ceramic tiles in the global market. Interior designing is very much in trend which may provide ample growth opportunities to the global ceramic tiles market in upcoming years. Alternatively, there various new designs and customization of the tiles available in the market. This is expected to fuel the growth in the global ceramic tiles market.

Carbon Emission during the Making of Ceramic to Restrain Market Growth

Carbon emission during the production of ceramic tiles may restrain growth of the ceramic tiles market. Ceramic tiles use silica and clay as their raw materials which produces dust and emits greenhouse gases and particulate matter. This is expected to act as a factor restraining growth in the global ceramic tiles market.

Nonetheless, the global ceramic tiles market is expected to grow during the forecast period. Their properties such as fire resistance, thermally efficiency, and anti-corrosive are factors that sustain demand for them.

This review is based upon the TMR report titled, “Ceramic Tiles Market (Product – Floor Tiles, Wall Tiles; Application – Residential Replacement, Commercial, New Residential, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”

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Global Intelligent Pump Market: Players Embark upon Strategic Alliances to Grow – TMR

Presence of numerous small, medium and large players – both local and global – makes the global intelligent pumps market fragmented in nature. In order to bolster their positions in the market, savvy players are resorting to various strategies. One of them is formation of carefully considered alliances, especially by global players.

Manufacturers are also expending money on development of technologically superior intelligent pumps to cater to the different needs of customers. They are also seen leveraging an extensive chain of distributors to reach out to their customers.

Some of the key participants in the global intelligent pumps market are Grundfos Holding A/S, Goulds Pumps, QuantumFlo, Inc., Kirloskar Brothers Limited, and Alfa Laval.

A report by Transparency Market Research predicts the global intelligent pumps market to register a CAGR of 6.4% between 2017 and 2025. Rising at this pace, the market which was worth US$424.4 mn in 2016, will likely attain a value of US$748.5 mn by 2025.

The global intelligent pumps market can be divided based on the type of component into pump motor, variable speed drive, control system, etc. Of them, the segment of variable speed drive accounted for about 40.0% share in the market in 2016.

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Region-wise, North America, Latin America, Europe, China, Asia Pacific, and the Middle East and Africa are a few key segments in the global intelligent pumps market. Among them, Asia Pacific is outpacing all other regions in terms of growth rate, which is predicted to remain about 7.3% from 2017 to 2025. The region’s growth is mainly driven by China and India that manufacture cheap pumps. While China banks on export to the Middle East and Africa for revenue, India banks on the demand on the home turf from the burgeoning industrial and agricultural sector to drive sales. Swift pace of urbanization is also responsible for high growth in India.

Operational Efficiency Stokes Uptake

The main unique perceived benefit of intelligent pumps is their operational efficiency. They minimize the need for manual operations by automating regulation and thereby control of the flow or pressure of water or other fluids. They also offer real-time operating data on the pumping equipment. Adds the lead analyst of the TMR report, “The wireless monitoring systems and pump control help to overcome the existing challenges faced by pump system end-users. For example, they help to do away with the need for a large in-house maintenance staff in order to repair and monitor the equipment to prevent equipment failure, and this serves to bring down costs. This also helps to offset the steep installation cost of intelligent pump.”

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Stringent Energy-efficiency Standards Promote Growth

Stringent energy-efficiency standards in developed countries, thrust on adoption of smart water and wastewater systems, increasing power generation capacities across the globe, and considerable investments in non-oil and gas sectors in the Middle East and North Africa (MENA) are also promoting growth in the global intelligent pumps market.

This review is based on the findings of a TMR report, titled, “Intelligent Pumps Market (Component – Pump Motor, Variable Speed Drive (High Quality Variable Speed Drive and Low Quality Variable Speed Drive), and Control System; Application – Buildings (Commercial Buildings (Heating and Ventilation, District Heating, and Pressure Boosting) and Domestic Buildings (Pressure Boosting and Waste Water)), Industry (Temperature Control, Pressure Boosting, Water Supply, Wastewater, and Water Treatment), Water Utility (Water Supply (Water Intake, Water Distribution, and Treatment Plants) and Waste Water (Transport/Networks and Treatment Plants)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast – 2017–2025.

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Global Building-integrated Photovoltaics Market Estimated to Reach US$ 33 Bn by 2026; Stringent Government Regulations on VOC Emissions to Drive Market – TMR

The global building-integrated photovoltaics (BIPV) market was valued at around US$ 5 Bn in 2017 and is anticipated to expand at a CAGR of more than 23% from 2018 to 2026, according to a new research report titled ‘Building-integrated Photovoltaics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). Building-integrated photovoltaics (BIPV) is a technology that integrates solar elements into buildings to generate electricity.

Multifunctional features and aesthetic look

BIPV products provide additional functionalities to a building unlike traditional construction materials. Use of the BIPV technology converts buildings from energy consumers into energy producers. In order to achieve this, the construction technology is required to be merged with the BIPV technology. Here, photovoltaic modules serve the purpose of building exteriors, such as roofs, facades, and skylights. BIPVs protect buildings from climatic conditions and noise. Also, they offer thermal insulation. Rooftop solar photovoltaic (PV) systems are gaining popularity, due to scarcity of ground space and availability of unused roof space. The BIPV technology reduces total building material costs and mounting costs, as BIPVs do not require brackets and rails. Hence, their popularity has been increasing continuously. Designers and architects use BIPV products with innovative methods, whereas manufacturers continue to develop new products to meet the rising demand. Companies such as Sanyo, SCHOTT Solar, Sharp, and SUNTECH are working on the new BIPV products for facades, skylights, and windows.

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Crystalline silicon to remain a dominant technology segment

Among technologies, the crystalline silicon segment dominated the global BIPV market in 2017. Two types of crystalline silicon photovoltaics are used i.e. monocrystalline silicon and polycrystalline silicon. Crystalline silicon glass can be easily customized, especially in terms of shape, as trapezoids can be easily fabricated by using this technology.

Facades segment dominates the global building-integrated photovoltaics market

Among applications, the facades segment dominated the global building-integrated photovoltaics market, holding more than 30% of the market share, in terms of value, in 2017. A facade is the principal front of a building, which faces a street or open space. Some of the advantages of using PVs on facades include protection of the building from excessive solar radiations. They can also provide an alternative for expensive cladding in prestigious buildings. The facades segment was followed by the roofs segment in 2017.

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Market in Europe, especially in Germany, expected to expand at a substantial pace

Europe dominated the global building-integrated photovoltaics market in 2017. Germany is a major country of the building-integrated photovoltaics market in Europe. The country accounted for more than 25% share of the market in the region in 2017. Support from the government in the form of incentives and regulations is growing in Germany and this factor is largely driving the market in the country. In May 2018, use of solar facades for a social housing apartment building in Best, Noord Brabant (the Netherlands) was finalized. De Willem en de Zwijger is among the first zero-energy apartment complexes in the Netherlands. The five-floor high, 48-apartment, twin buildings present an innovative, energy-efficient, affordable, and aesthetically pleasing alternative for conventional social housing.

Highly competitive market with dominance of top players

The global building-integrated photovoltaics market is highly fragmented. A large number of local as well as international players offer BIPV products. Key players operating in the global market are ISSOL SA, Onyx Solar Group LLC, BIPVco Ltd, ViaSolis, ertex solartechnik GmbH, Sphelar Power Corporation, NanoPV technologies Inc., Navitas Green Solutions Pvt. Ltd, Ankara Solar AS, Hermans Techniglaz BV, Jiaxing Feiya New Energy Co., Ltd, and Polysolar Ltd.

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China to Provide Major Impetus to Styrene Acrylonitrile (SAN) Resins Production; Global Industry Analysis 2024 – TMR

The global styrene acrylonitrile resins market is moderately consolidated, where top players own large shares while a larger number of small and mid-sized producers operate in some of the most fruitful regions for SAN resins demand, including China and India. INEOS Styrolution Group GmbH, Trinseo S.A., and Asahi Kasei were the top three manufacturers of SAN resins in 2015, with a collective share of 35.7% in revenue.

Till 2024, the overall competition for a greater market share is expected to remain high, states Transparency Market Research (TMR) in a new report.

Packaging is expected to remain the one of the most attractive industries for the demand of styrene acrylonitrile resins since 2015. A massive range of end-user industries include packaging as a major aspect of their products, thereby allowing a greater number of SAN resins producers to gain market share.

Other fields that will demand a higher proportion of styrene acrylonitrile resins include electrical and electronics, automotive, and construction industries. According to TMR, the auto industry is expected to show the slowest growth rate out of all end users, and market players are advised to look for future signs of market saturation.

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Global SAN Resins Producers Seek Major Opportunities in China

“China is the world’s largest market for styrene acrylonitrile resins and a top converter as well as producer of plastics,” states a TMR analyst. “In 2013, this nation alone held nearly 25% of the global share of plastic production by volume. This is why producers of SAN resins are all hoping to get in on the action in China,” the analyst adds.

The China plastic industry has consistently worked on high investments and low operating costs, making it an extremely lucrative location for most plastic raw material providers. This region has shown a staggering growth rate over the past decade, which implies keeping a high rate of plastics production rates though the economic meltdown that hit the world in 2009.

Rigid Packaging for Personal Care Products Possess Major Opportunity for SAN Resins Demand

Another industry out to make a wide scale use of styrene acrylonitrile resins is the packaging industry, more specifically, the packaging industry for personal care products. Rigid packaging is gaining preference and momentum in the personal care products industry, owing to the addition of a better caliber of shape and aesthetic value to it.

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Additionally, the personal care industry is one of the fastest-growing FMCG industries in the world today. Similar opportunities for SAN resins demand growth lie in the pharmaceutical packaging industry.

Consumer Goods Industry Remains Top End User for SAN Resins

The segment of consumer goods is expanding at a CAGR of 3.5% from 2016 to 2024. It is set to be the fastest-growing end user segment for SAN resins throughout the above forecast period, owing to the very high priorities set by the retail industry on packaging aesthetics and product integrity.

This demand is a key contributor to the 4.0% CAGR expressed by the global styrene acrylonitrile resins market between 2016 and 2024, in terms of revenue. By 2024, the global SAN resins market is expected to reach US$2.8 bn and was pegged at US$2 bn in 2015. Asia Pacific is expected to increase its market share of volume in this market, which was rated at 54.1% in 2015, owing to the high demand for SAN resins in China.

The above data was collated from a research report released by TMR, titled “Styrene Acrylonitrile (SAN) Resins Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

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Superhydrophobic Coatings Market : Flourishing Electronics and Telecommunication Industry Propels Market to reach a valuation of US$37.1 mn by 2024

Numerous manufacturers operating in the global superhydrophobic coatings market makes it fragmented and extremely competitive. This is expected to help the market attain a double digit growth vis-à-vis both revenue and volume over the course of the forecast period from 2016 to 2024. A recent report by Transparency Market Research on the market observes that despite steep initial upfront investment new entrants are prospering in the market on the back of product innovations leveraging latest technologies.

Some of the prominent participants in the global market for superhydrophobic coatings are The Sherwin-Williams Company, P2i Limited, DryWired, LLC, Cytonix, LLC, Surfactis Technologies, UltraTech International, Inc., NEI Corporation, Sto Group, Nanex Company, NTT Advanced Technology Corporation, Artekya Ltd., Lotus Leaf Coatings, Inc., Rust-Oleum Corporation, and Aculon, Inc.

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Our finds that the worldwide market for superhydrophobic coatings will progress at a mind-boggling 34.3% CAGR from 2016 to 2024. Rising at this rate, by 2024-end the market is expected to clock a value of US$37.1 mn from US$2.90 mn in 2015. Volume-wise, our report estimates the market to expand at a phenomenal CAGR of 37.3% from 2016 to 2024.

Some of the key end use application of superhydrophobic coatings are textile and leather, electronics and telecommunication, building and construction, medical and healthcare, automotive, and others such as power generation, optical, etc. Of them, the segment of electronics and telecommunications accounted for a substantial demand share of 32.0% in 2015. In the years ahead to the segment is expected to surge ahead because of the growing application of superhydrophobic coatings in semiconductors, consumer electronics, and other electronic components.

Geographically, the key regions in the global market for superhydrophobic coatings are North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America, of them, powered by the U.S., currently leads the market in terms of volume. A well developed electronics and telecommunication industry and the swiftly recovering construction sector in the region is fueling its market majorly.

Flourishing Electronics and Telecommunication Industry Propels Market

The exploding electronics and telecommunication industry worldwide is at the forefront of driving growth in the global market for superhydrophobic coatings. Superhydrophobic coatings find widespread usage in the electronics and telecommunications since they are heat resistant and are easily applied on the surface. They are useful in shielding sensitive electronic parts which can be easily damaged by water. Adds the lead analyst of our report, “The growing demand for water-resistant electronic products is expected to expand further in the next couple of years on the back of rising disposable incomes of people and the resultant want of superior and durable products, thereby supporting surging sales in the superhydrophobic coatings market.”

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Construction Industry Emerges another Major Growth Driver

Another factor stoking stellar growth in the global market for superhydrophobic coatings is the booming construction industry which has exponentially driven up demand for composite materials. Besides, superhydrophobic coatings also provide excellent resistance to high temperature, alongside robust barriers against microbes and water.

However, strict government rules with regard to coating ingredients and formulations in North America, Europe, and Asia Pacific is likely to impact the superhydrophobic coatings market negatively in the near future.

This review is based on the findings of a TMR report, titled, “Superhydrophobic Coatings Market (End-user – Electronics & Telecommunication, Building & Construction, Textile & Leather, Automotive, Medical & Health Care) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

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Global Dimethyl Carbonate Market: Thriving Electronics and Automotive Industries in Asia Pacific to Boost Demand for Dimethyl Carbonate – TMR

The vendor landscape of the global market for dimethyl carbonate is highly fragmented and largely competitive. A number of small and large companies operate in the market; obtaining licenses and certificated to set up manufacturing plants has become an uphill task in several regions and costs of catalysts are rising high. All these factors could make the market tougher for small players in the next few years, observes Transparency Market Research in a recent report. Also, restrictions in executing advanced technologies to synthesize the desirable grade of dimethyl carbonate could also present challenges ahead of companies operating in the global dimethyl carbonate market.

Some of the leading players in the market are Tokyo Chemical Industry Co., Ltd. (TCI), HaiKe Chemical Group, Tongling Jintai Chemical Industrial Co., Ltd., Arrow Chemical Group Corporation, UBE Industries Limited, and Alfa Aesar.

The report states that the global dimethyl carbonate market was valued at US$345.9 mn in 2016 and is projected to rise to an opportunity of US$553.3 mn by 2025 at a CAGR of 5.5% from 2017 to 2025.

Polycarbonate Production to Remain Most Lucrative Application Segment

Of the key applications of dimethyl carbonate, the segment of polycarbonate, denoting the usage of dimethyl carbonate as a precursor in the production of polycarbonate, is presently the most lucrative and accounts for the dominant share in the global market. The segment is expected to remain a key consumer of dimethyl carbonate over the next few years as well, thanks to the increased usage of polycarbonates in areas such as optical media, electronics, and automotive.

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In terms of both volume and value, the market for dimethyl carbonate in Asia Pacific accounted for the dominant share in the global dimethyl carbonate market in 2016. The regional market is likely to remain dominant during the forecast period as well, with China being the key contributor of revenue as well as growth opportunities. The presence of a large number of manufacturing facilities spanning several key end-use industries for dimethyl carbonate makes China a leading consumer of the product.

Rising Demand from Paints and Coatings Industry to Lead the Way for Promising Growth

The thriving expansion of some of the key end-use industries of dimethyl carbonate is one of the key factors leading to the steady rise in demand and consumption of this organic compound. Manufacturers are also increasingly preferring dimethyl carbonate as a solvent over other toxic reagents such as phosgene. The usage of dimethyl carbonate in the production of antibiotics, such as ciprofloxacin and carbadox, and pesticides has also witnessed steady expansion in the recent years and these applications continue to remain lucrative for the market.

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It is estimated that the global dimethyl carbonate market will massively benefit from the vast surge in uptake of electronics and passenger vehicles, especially across Asia Pacific. The increasing usage of the compound in these products will prove to be highly lucrative for the global dimethyl carbonate market in the longer run. Additionally, the market will likely benefit from the increasing demand from the paints and coatings industry. The thriving construction industry in regions such as the Middle East and Africa and Asia Pacific is expected to drive the regional paints and coatings markets, which will, in turn, propel the growth of this market.

This assessment of the global dimethyl carbonate market is based on a recent market research report by Transparency Market Research, titled “Dimethyl Carbonate Market (Synthesis – Transesterification and Oxidation of Methyl Carbonylation; Application – Pharmaceuticals, Pesticides, Solvents, Alternative Fuel Additives, and Polycarbonates) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025.”

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Global Roofing Market Players Vie to Develop Bio-based Products to Gain Competitive Advantage – TMR

Characterized with a copious number of key players, the global roofing market is highly fragmented and competitive in nature. In this scenario, to maintain their market share, top players are aggressively engaged in research and development to introduce novel roofing material that are stronger and inexpensive. However, development of bio-based or green roofing and solar roofing materials is the focus of topnotch players, which are gaining adoption to serve environmental and energy conservation needs.

Furthermore, in an intensely competitive market, players are seeking alternative growth strategies to sustain competition. Some players in the roofing market are engaged in producing raw material as well as roofing material, which features backward integration in the manufacturing value chain. This helps players to control quality and cost which adds to their competitive advantage.

Support from several governments for companies that are striving to offer clean and green roofing solutions is likely to attract new players in the market. This is likely to intensify competition in the future.

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As per estimates of a market intelligence study by Transparency Market Research (TMR), the global roofing market is likely to post a CAGR of 6.5% between 2017 and 2024. Growing at this pace, the market’s valuation of US$80118.6 mn in 2017 will become US$124501.8 mn by 2024. Among the key product segments, bituminous roofing accounts for almost 50% of the overall market. Low cost, easy installation, and long durability of bituminous roofing accounts for its large market share. Application-wise, residential is anticipated to hold significant share of the market vis-à-vis revenue. However, non-residential is the leading application segment of the roofing market due to increase in construction of commercial buildings and hotels in both developed and developing countries. In terms of region, Asia Pacific generates leading revenue in the roofing market due to massive surge in construction activities.

Flourishing Construction Sector in Developing Countries Promoting Demand

Majorly fuelling the roofing market is growth of the construction sector worldwide. Developing countries in Asia Pacific, Latin America, and Africa that are undergoing rapid industrialization and urbanization are providing ample opportunities to the growth of roofing market. Construction of commercial buildings such as multiplexes and shopping arcades in response to the changing lifestyle of people is also serving to boost the roofing market. Moreover, government residential projects in developing countries to serve the housing needs of large economically weak population is also benefitting the roofing market.

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Developed countries in North America and Europe are also serving to benefit the roofing market. Initiatives for construction of green buildings is generating demand for roofing materials. Energy conservation initiatives leading to renovation of old buildings involves supplanting old roofs with new ones. This is benefitting the roofing market in developed countries.

Rise of Production Cost of Raw Materials Pose Challenge to Market Growth

Proving to hinder the growth of roofing market is increase in production cost of roofing material. Challenges pertaining to maintaining quality and availability of asphalt, which is a major raw material in the manufacture of bituminous roofing material is escalating the price of final product. This is negatively impacting the growth of roofing market. Furthermore, increasing cost of manufacturing processes of roofing materials is hampering the roofing market. However, with advancements in techniques for production of roofing materials and economies of scale are likely to provide ample growth opportunities for players in the roofing market.

The review presented is based on the findings of a TMR report, titled “Roofing Market (Product Segment – Bituminous Roofing, Metal Roofing, Tile Roofing; Application Segment – Residential, Commercial, Non-commercial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024.

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Global Calcium Hypochlorite Market to Cross US$ 6 Bn by 2026; Increase in Demand for Fresh Water and Decrease in Sources of Fresh Water Expected to Drive Calcium Hypochlorite Market

The global calcium hypochlorite market was valued at around US$ 5 Bn in 2016 and is anticipated to expand at a CAGR of more than 3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Calcium Hypochlorite – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Expansion in the global calcium hypochlorite market is driven by the rise in demand for fresh water and increase in demand for calcium hypochlorite in pulp & paper applications. The calcium hypochlorite market in Asia Pacific is anticipated to expand at a CAGR of around 4% during the forecast period. Rapid urbanization in developing economies such as China and India is estimated to propel the calcium hypochlorite market in the region.

Increase in Demand for Fresh Water and Decrease in Sources of Fresh Water Expected to Drive Calcium Hypochlorite Market

According to the World Bank, in 2016, 783 million people across the globe lacked access to safe drinking water, 2.5 billion people lacked adequate sanitization, and large percentage of hospital beds were populated by people afflicted with waterborne diseases. At the current rate, 90% of all available freshwater is projected to be consumed in the next 25 years. Consequently, desalination and water reuse is likely to become a vital source of freshwater. Currently, more than 16,000 desalination plants are operational in at least 140 countries in the world. More than 100 water reuse facilities are available across the globe. These facilities require reliable disinfection technologies, including calcium hypochlorite either in pre- or post-treatment form, to prevent biological fouling within the system or the distribution system. Thus, increase in demand for fresh water and decrease in its sources are anticipated to boost the demand for calcium hypochlorite in the near future.

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Superior Cost-to-performance Ratio to Create Demand for Powder Segment

In terms of form, the calcium hypochlorite market can be segmented into powder, pellet, and granule. The powder segment is anticipated to account for the major share of the market in terms of volume in the near future owing to the cost effectiveness of the powder form with respect to other forms.

Increase in Urbanization in Developing Economies to Fuel Water Treatment Applications

In terms of application, the calcium hypochlorite market can be divided into water treatment, house cleaners & detergents, agrochemicals, pulp & paper, food & beverage, and others (including algae control in industrial cooling water systems and general industrial sanitization). The water treatment segment dominated the calcium hypochlorite market in terms of value and volume in 2017 due to the extensive usage of calcium hypochlorite in swimming pools across the globe.

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Large Customer Base in Developing Countries of Asia Pacific to Create Opportunities

In terms of region, the global calcium hypochlorite market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe held prominent share of the calcium hypochlorite market, as most of the water treatment companies are well established in these regions. Asia Pacific also constitutes significant share of the market. The market in Asia Pacific is estimated to expand at a rapid pace due to the increase in demand for fresh water and decrease in sources of fresh water in the region. The market in Middle East & Africa and Latin American is expected to expand at a sluggish pace during the forecast period.

Key players operating in the calcium hypochlorite market include China Petrochemical Corporation (SINOPEC), Tosoh Corporation, Lonza Group Ltd., Nippon Soda Co., Ltd, Westlake Chemical Corporation, Sree Rayalaseema Hi-Strength Hypo Ltd., Tianjin Kaifeng Chemical Co., Ltd., and Yuzhoushi Weilite Chemical Co., Ltd. Companies are investing significantly in new facilities for the production of calcium hypochlorite. For instance, in March 2018, Tosoh Corporation established a new holding company named Tosoh China Holdings Co., Ltd. (Tosoh China) in Shanghai, China. The new company is likely to help Tosoh Corporation strengthen its position in China.