Petroleum Coke Market Technology, Applications, Growth and Region Forecast 2025

Overview:

Petroleum Coke can be obtained while going through the refining process of the oil as its byproduct. Manufacturers and industrialists, across the world, are trying to operate more efficiently by gaining access to more gasoline and other fuel-related products from a barrel of crude oil. The process reveals Petcoke. The product has multifarious application that includes electrodes and anodes. The application also includes as fuel for the metal and brick industries. The Global Petroleum Coke Market is eyeing for a significant hike over the review period of 2018 to 2025. Market Research Future (MRFR) makes statements related to the future market in the Petroleum Coke Market Report with proper backups from analysts.

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Factors like the growth in the construction industry, in cement industry, in power plants, steel, and foundries are expected to influence the Global Petroleum Coke Market. The APAC market is also slated to influence the global market in the coming years with its high traction from diverse industries. However, its anti-environmental impact can curb the natural growth rate.

Competitive Landscape:

The market for Petroleum Coke is replete with companies that are seeking hike in their profit margin. These companies are Nayara Energy Ltd., Indian Oil Corporation Ltd., Royal Dutch Shell PLC, Petrobras, Citgo Petroleum Corporation, Motiva Enterprises LLC., Exxon Mobil Corporation, Valero Energy Corp., Marathon Petroleum Corporation, Phillips 66 Company, and others. MRFR’s reading of the global petroleum coke market includes several strategic changes that these companies have employed in recent years. This would help in the understanding of the Global Petroleum Coke Market Growth.

In August 2019, Numaligarh Refinery, North East India’s largest refiner, announced that they would invest more in Assam region.  The exploration would find a significant hike in the chances of finding petrochemical coke, which would assist associated markets.

Segmentation:

MRFR’s Report has significant focus on a segmentation that includes an application-based analysis of the global market. Such a segmentation would include intense focus on factors that can impress the global market and influence the production. The report is further backed by data to make it even more reliable.

By Application, the Petroleum Coke Market includes brick & glass, cement, power plants, steel, foundries, paper & pulp, and others. The cement segment has the maximum market coverage. In 2017, the market valuation of the segment was USD 10,166.8 Mn, which was around 48 % of the total market valuation. The same trend is expected to continue in the coming years as well. It has the potential to climb up with the highest CAGR during the forecast period. The segment consumed almost 49,000 thousand tons of Petcoke. Meanwhile, the power plant segment had a worth of USD 3,000 Mn in 2017 in terms of Petcoke consumption as it is economical and safe.

Regional Analysis:

The APAC had 56% of the Global Petroleum Coke Market share in 2017 which was of USD 5,700 Mn worth. This is expecting strong growth in the coming years with high urbanization and increasing cement production. Various countries in the region like China and India are maintaining this high intake to support their construction sector and power supply sector. Easy availability of the product and cost affordability are some of the major features to help the market in making an easy ingress in myriad industries. India’s import was recorded as 12.49 million tons of Petroleum Coke in 2017, whereas, China scored 7.20 million tons in 2017.

North America and Europe are trying to curb the application of this product to adhere to various environmental laws. But their production to export has not slackened much. For instance, the US exported around 35.44 million-ton Petcoke in 2017. However, various industries in the region are restricting their intake of Petcoke and moving towards more sustainable sources.

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High-Performance Seals Market Analysis Includes Growth, Trends, Technologies & Opportunities Forecast 2024

Market Highlights:

The Global High-Performance Seals Market is estimated to be valued at USD 8,049.9 Million by 2024 and is Expected to register a CAGR of 6.81% during the forecast period.

The use of High-Performance Seals in upstream, midstream, and downstream operations is increasing in the mining industry as they ensure safe, reliable, and efficient operation of a wide range of onshore and offshore equipment. The growing adoption of electric vehicles in line with the stringent regulations for environment protection is expected to boost the demand for High-Performance Seals for battery sealing.

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Market Players:

Market Research Future (MRFR) recognizes ElringKlinger Kunststofftechnik GmbH (Germany), Trelleborg Sealing Solutions (Sweden), James Walker (US), IDG-Dichtungstechnik GmbH (Germany), CARCO S.R.L (Italy), Race-Tec Sealing Limited (UK), Greene, Tweed (US), PXL SEALS (France), DowDuPont (US), SKF (Sweden), Techoseal (France), Saint-Gobain Performance Plastics (US), Freudenberg Sealing Technologies (Germany), Utex Industries, Inc (US), EagleBurgmann (Germany), Elastotech SA (France), John Crane (US), Hallite Seals (UK), ATP S.p.a. (Italy), ERIKS NV (the Netherlands), Techné (France), Le joint français (France), Dichtomatik (Germany), Repack-S (France) and Parker Hannifin Corp (US) as the key players in the Global High-Performance Seals Market.

Key Findings of the Study:

The Global High-Performance Seals Market is Projected to reach USD 8,049.9 million by 2024 at a CAGR of 6.81% during the review period of 2018 to 2024.

Asia-Pacific accounted for the largest market share with China being the major contributor to the growth of the regional market.

The key manufacturers are focusing on strategic growth initiatives such as new product launches, capacity expansion, acquisitions, and distribution agreements to meet the rising demand for High-Performance Seals across various end-use industries.

Segment Analysis:

The Global High-Performance Seals Market has been segmented based on Material Type, End-Use Industries, and Region.

Based on Material Type, the global market has been segmented into rubber, plastic/polymer, composite, metal, and rubber-metal. The rubber segment is further sub-segmented into ethylene propylene diene monomer (EPDM), ethylene acrylate rubber (AEM), hydrogenated nitrile butadiene rubber (HNBR), thermoplastic polyurethane (TPU), nitrile butadiene rubber (NBR), polyacrylate (ACM), polychloroprene (CR), silicone, and fluoroelastomers (FKM). The plastic/polymer segment is further categorized into polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), polyether ether ketone (PEEK), ultra-high molecular weight polyethylene (UHMW-PE). The composites segment is sub-segmented into carbon fiber, glass, cellulose, and others.

The Rubber Segment accounted for a major market share in 2017 and is expected to reach a value of USD 2,891.0 million by 2024. The growth is attributed to the superior characteristics of rubber such as abrasion resistance, tear resistance, resilience, and elongation. Rubber seals are multi-purpose bit of kit that allows sealing of two different surfaces or two opposite surfaces (interior and exterior). This prevents water damage, water leakage, corrosion, weathering as well as provides an airtight barrier, which prevents loss of air/heat. These factors make rubber an excellent choice of material for rubber seals.

Based on the End-Use Industry, the global market has been segmented into oil & gas, power generation, aerospace & defense, chemicals, automotive, pharmaceutical, food & beverage, and others. The aerospace & defense segment is projected to register a healthy CAGR of 7.40% during the forecast period on account of increasing application of High-Performance Seals in aircraft braking systems, gearboxes, flap actuators, satellites, cryogenic refueling systems, and launch pad dampeners.

Regional Analysis:

The Global High-Performance Seals Market, by Region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific was the leading market for high-performance seals in 2017 and is expected to continue the trend during the review period. The North American market accounted for more than 20% of the global market share in 2017 owing to the high demand for high-performance seals in major end-use industries such as chemical, aerospace & defense, automotive, pharmaceutical, and food & beverage.

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Bio-Based Chemicals Market Trends, Top Manufactures, Market Dynamics, Industry Growth Analysis & Forecast 2023

The Global Biobased Chemicals Market is expected to exhibit a strong 10.47% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The Global Biobased Chemicals Market is studied in detail in the report, which profiles the market’s major drivers and restraints, as well as analyzing the leading players in the Global Biobased Chemicals Market and providing readers with an accurate overview of the competitive landscape of the market. Major economic and legal factors underpinning the Biobased Chemicals Market’s growth are also studied in the report to provide readers with a comprehensive overview of the Global Biobased Chemicals Market’s growth trajectory over the forecast period.

Biobased Chemicals are a replacement for synthetic chemicals and are produced from biological feedstock such as plants and animals. The growing environmental awareness around the world has been the major driver for the Biobased Chemicals Market. Governments around the world are starting to pay more attention to the overall environmental impact of industrial products such as chemicals, including monitoring the processes used to produce said chemicals. This has resulted in a growing government support to the Biobased Chemicals Market. Increasing adoption of global, international treaties and norms to make industrial production more environmentally sustainable has also provided economic incentives to make use of Biobased Chemicals, while many countries have introduced fines and other punishments for the use of synthetic chemicals in certain sectors. These measures are likely to be a major driver for the Biobased Chemicals Market over the forecast period.

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The growing demand for Biobased Lubricants and fertilizers is likely to be a key driver for the Global Biobased Chemicals Market. Biobased Lubricants are developed for the automotive and aerospace industries, apart from other mechanical engineering applications. These lubricants have quickly become the favored option among automotive and aerospace market players, who are witnessing significant profits thanks to the government initiatives designed to increase the use of Biobased Chemicals. Growing demand from automotive consumers for environmentally viable production of their commodities is likely to play a key role in the growth of the Biobased Chemicals Market over the forecast period. Biobased alcohols, acids, and plastics are also likely to be key segments for the Global Biobased Chemicals Market over the forecast period.

Competitive Analysis:

Leading Players in the Global Biobased Chemicals Market include Royal DSM NV, Mitsubishi Chemical Corporation, GFBiochemicals Ltd., Itaconix plc, Cargill Inc., Toray Industries Inc., Evonik Industries, Braskem SA, DowDuPont, Archer Daniels Midland Company, BioAmber Inc., TOTAL, AGAE Technologies LLC, Vertec BioSolvents, and BASF SE.

In September 2019, Chemour developed Teflon EcoElite, a renewably sourced repellent for use in the consumer textile industry. John Sworen, leader of the team that developed the chemical, received the 2019 SCI Gordon E. Moore medal for the achievement. The development of Teflon EcoElite is part of Chemours’ larger commitment to developing products with sustainability profiles that rank high in the industry.

In May 2018, BASF SE signed an agreement with Huafon Group for the development of biofibers in China.

Segmentation:

The Global Biobased Chemicals Market is segmented based on Type, Application, and Region.

By Type, the Global Biobased Chemicals Market is segmented into bio-alcohols, biobased acids, bioplastics, bio-lubricants, bio-surfactants, bio-solvents, and others. The bio-alcohols segment is likely to hold the dominant share in the Global Biobased Chemicals Market over the forecast period due to the growing demand for Biobased Alcohols in the food and beverage industry. The segment accounted for 41.7% of the Global Biobased Chemicals Market in 2018 and is expected to exhibit a robust 9.89% CAGR over the forecast period from 2018 to 2023.

By Application, the Global Biobased Chemicals Market is segmented into food and beverages, pharmaceuticals, detergents and cleaners, personal care products, agriculture, packaging, paints and coatings, automotive, adhesives and sealants, paint dispersions, and others. The food and beverages industry are likely to hold the dominant share in the Global Biobased Chemicals Market over the forecast period.

Regional Analysis:

Europe holds the largest share in the Global Biobased Chemicals Market due to the strong government support to environmental initiatives in the region. Asia Pacific is also a major market for biobased chemicals and is likely to exhibit steady growth in the coming years.

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Fatty Alcohol Market Analysis Includes Growth, Trends, Technologies & Opportunities Forecast 2023

Market Analysis:

The Global Fatty Alcohol Market is predicted to touch USD 10, 078.8 million at a 6.67% CAGR over the forecast period (2016-2023), as per the latest Market Research Future (MRFR) report. Fatty Alcohols are straight-chain, high-molecular-weight primary alcohols. It is a cost-effective substitute for petrochemicals as it is biodegradable. Cetyl alcohol, behenyl alcohol, lauryl alcohol, stearyl alcohol, and myristal alcohol are some of its common categories. Fatty alcohols are widely used in the production of detergents in the form of nonionic surfactants owing to their amphipathic nature. Besides, it also finds wide application in personal care products and cosmetics, pharmaceuticals, plasticizers, lubricants, and food.

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Various factors are propelling the Fatty Alcohol Market Growth. These factors, in accordance with the MRFR report, include growing demand for sustainable and biodegradable products, growing concerns about the impact of petrochemicals on the environment, growing demand for hygiene products, and changing lifestyles. Additional factors pushing market growth include increased spending on personal care products and cosmetics, increasing use of liquid detergents, and increasing use in lubricants, flavors and fragrance, and manufacturing plasticizers.

On the contrary, volatility in the cost of raw materials and glut of Fatty Alcohols are factors that may impede the Fatty Alcohol Market Growth over the forecast period.

Key Players:

Leading Players profiled in the Fatty Alcohol Market Report include Arkema SA (France), Godrej Industries Ltd (India), Wilmar International Ltd (Singapore), Berg+ Schmidt GmbH & Co. KG (Germany), BASF SE (Germany), Emery Oleochemicals (Malaysia), Royal Dutch Shell Plc (The Netherlands), Sasol Limited (South Africa), Kao Corporation (Japan), Ecogreen Oleochemicals (Singapore), P & G Chemicals (US), VVF LLC (India), KLK Oleo (Malaysia), and Univar Inc (US). Key players have incorporated several strategies to strengthen their position in the fatty alcohol market such as mergers and acquisitions, partnerships, product launches, collaborations, research and development, and more.

Market Segmentation:

The MRFR report provides a complete segmental analysis of the Fatty Alcohol Market Report Based on Application and Type.

Based on Type, the Fatty Alcohol Market is segmented into higher chain, short-chain, long-chain, and pure and mid-cut. Of these, the pure and mid-cut segment will have the largest share in the market over the forecast period. It is predicted to touch USD 4510.3 million at a 6.58% CAGR by 2023.

Based on Application, the Fatty Alcohol Market is segmented into food and nutrition, pharmaceuticals, plasticizer, lubricants, cosmetic and personal care, detergents and cleaners, and others. Of these, the detergents and cleaners’ segment will dominate the market over the forecast period. It is predicted to touch USD 3152.3 million at a 6.13% CAGR. 

Regional Analysis:

By Region, the Fatty Alcohol Market Report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Middle East and Africa. Of these, the APAC region will remain the frontrunner in the market over the forecast period. It is predicted to grow at a 7.29% CAGR. China is a key contributor in this region.

The Fatty Alcohol Market in North America is predicted to have favorable growth over the forecast period. It is predicted to touch USD 1,807.7 million by 2023. This is owing to the presence of several established end use industries. The US is the key contributor in this region.

The Fatty Alcohol Market in Europe is predicted to have a healthy growth over the forecast period owing to increasing environmental regulations to use detergents containing chemicals. Germany and Russia are the key contributors in this region. The Fatty Alcohol Market in Europe is estimated to touch USD 2035.2 million by the end of 2023.

The Fatty Alcohol Market in the Middle East and Africa is predicted to have a steady growth over the forecast period. 

It is expected to touch USD 922.8 million at a 6.93% CAGR by 2023. This is owing to increased expenditure in non-invasive beauty procedures and natural skincare treatments, and the increasing influence of beauty bloggers.

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Dynamite Market Trends, Top Manufactures, Market Dynamics, Industry Growth Analysis & Forecast 2023

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Dynamite Market: Hanwha Corp., Incitec Pivot Ltd, Pakistan Ordnance Factory, Austin Powder Gmbh, Eurenco SA, Explosia, Inc., EPC Groupe, Yara, Nitroerg SA, Forcit Group, Titanobel, Solar Industries India Ltd, MAXAMCorp Holding, S.L., Orica Limited, IDL Explosives, Enaex, Anhui Jiangnan, China Poly Group Corporation, BME, NOF Corporation and Ideal Industrial Explosives Ltd. among others.

Market Highlights:

Global Dynamite (Explosives) Market is projected to reach USD 17,973.7 million by 2023 at a CAGR of 5.67% by the end of the forecast period 2017-2023. Increasing development projects such as roads, airports, and railways coupled with growing number of housing projects are expected to augment the market growth. Higher production of coal implies higher penetration of explosives. Thus, economic and infrastructural growth leads to a rise in the coal demand. Moreover, increasing demand for ammunition products for the national security of the region and acute need for higher energetic explosives are encouraging R&D investments in end-use industries. However, stringent regulations regarding health safety and toxic emission may hinder the market growth.

Currently, the market is witnessing a high demand for energy due to industrialization and urbanization. For instance, the global energy consumption was pegged at 575 quadrillion British thermal units (Btu) in 2015 which is expected to be pegged at 736 quadrillion Btu towards the end of 2040. Thus, considering this growth coupled with the increasing population and rising investment in the mining industry, the global market for explosives is expected to register a healthy growth over the forecast period.

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Segment Analysis:

The Global Explosives Market is segmented based on Grade, Type, Application, and Region.

Based on the Type, explosives are segmented as bulk explosives, cartridges of explosives, ammonium nitrate fuel oil (ANFO), nitroglycerine, and others. The bulk explosives accounted for 47% share of the market in 2016 followed by ANFO and cartridges of explosives. The adoption of the bulk emulsion explosives is increasing owing to the cost-effectiveness as compared to cartridge emulsion explosives. Ammonium nitrate fuel oil is prominent and cost-effective blasting agent available for use in small to large size diameter applications. It is basically dry, free-flowing explosive, formulated to ensure effective use in underground development and tunneling applications. Moreover, ample supply of ammonium nitrate, a key raw material to produce explosives from countries like China, Russia, India, the United States, and Africa is expected to drive the demand for ANFO based Explosives in the coming years.

Dynamite is further classified as high and low explosives based on grade. Low explosives tend to deflagrate and releases many gases and heat. Propellant of gunpowder and pyrotechnics are a common application of low explosives. Subsequently, high explosives are gaining importance in Explosives Market on account of high demand for ANFO, RDX and PETN materials across end-user industries including mining and construction.

Based on the Application, explosives are used in mining, construction, quarrying, and defense industry. Among the applications, mining industry accounted for 68% share of the market in 2016 and is estimated to reach USD 12,414.9 million by 2023. Coal mining is the most prominent application of mining industry. Increase in government expenditure towards extraction of coal from the surface or underground mines and deploying advanced technologies to extract mineral rich resources at a deeper level are anticipated to drive the Explosives Market in mining segment. For instance, the government of India announced an investment of USD 100 million for underground mines. Additionally, increasing private and public infrastructure activities, especially in emerging economies and public transportation, are likely to boost the overall market growth. Rising consumption of explosives for quarrying operations, which inherently relate to rise in the demand for stone and sand for construction activities accounts for 9% of world mining market. With a substantial increase in the demand for power to meet global demand of growing population are expected to gather momentum over the forecast period.

Geographically, Asia Pacific region dominates the Global Dynamite Market. The region is estimated to reach USD 8,298.4 million by 2023 at a CAGR of 6.05% by the end of the forecast period 2017-2023.  China and Australia are leading countries in this region due to rich in mineral deposits and growing number of infrastructural projects. Manufacturers are investing in advance technology for mineral extraction at a deeper level to meet the demand of metal and non-metal industry. Furthermore, Indian government initiative of 100% FDI in the construction industry coupled with defense expenditure of USD 53 billion by 2017-2018 is likely to boost the overall explosives market. Europe and North America witnessed a sluggish growth. Substantial growth in road development projects and transportation industry is expected to drive the explosives market in regions.

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Ammonia Market Forecast, Size, Growth, Opportunities, and Trends 2025

Market Overview:

The Ammonia Market across the globe is expected to experience a surging demand, mainly owing to the soaring product application across multiple downstream industries, which includes pharmaceuticals, agriculture, and consumer goods. The rising use of Ammonia, especially in the fertilizer industry, will augment the business growth in the coming years. The Global Ammonia Market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 5.85%, surpassing a valuation of USD 70.75 billion during the forecast period (2013-2025).

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The market is estimated to expand at a faster rate due to the growth in population and rising disposable income across several countries. This has resulted in increased demand for agricultural products to enhance lifestyle, thereby propelling the market growth in the years to come. Moreover, the shift in dietary consumption is one of the primary growth stimulants of the market. In addition, the surging demand for ammonia from the pharmaceutical industry will elevate the market growth in the coming years.

On the contrary, the rising use of ammonia-based fertilizers, especially urea in the agricultural segment has resulted in increased emissions of Ammonia. This has an adverse impact on the environment across the globe. The increased emissions have resulted in the need to set up mandates against agriculture emissions under the Clean Air Act (CAA). These factors are likely to vitiate the market growth in the foreseeable future.

Industry Updates:

On August 2019, a team of researchers at the University of Delaware demonstrated a direct ammonia fuel cell prototype, which employs a high-temperature-stable hydroxide exchange membrane and an ammonia-tolerant precious-metal-free cathode catalyst.

Competitive Dashboard:

The Top Players Operating in the Ammonia Market include Yara, Nutrien Ltd, Group DF, OCI NV, CF Industries Holdings, Inc, SABIC, EuroChem Group AG, Orica Limited, Acron Group, AB "Achema, Uralchem JSC, IFFCO, Togliattyazot, Koch Fertilizer, LLC, and Qatar Fertiliser Company.

Global Ammonia Market: Segmental Analysis

The Ammonia Market has been segmented based on Form and Application.

By Form, the Ammonia Market is segmented into powder, liquid, and gas. Of these, the liquid segment commands the largest market share of 43.14%, mainly due to the soaring demand for liquid ammonia, especially in applications like refrigerants, fertilizers, and chemicals.

The Application Segment includes chemicals, fertilizers, fibers and plastics, refrigeration, pulp and paper, pharmaceutical, and others. The soaring need to propel agricultural productivity has resulted in high demand for Ammonia in the fertilizers’ segment. Fertilizers are considered plant nutrients, which are highly required for plant growth. Ammonia is extensively used in fertilizers, and its use is predicted to increase in the coming years.

Regional Frontiers:

Geographically, the Ammonia Market spans across Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific commanded the largest market share of 53% in 2017 and is estimated to register the highest CAGR in the foreseeable future. The growth can be credited to the soaring demand for Ammonia in the production of fertilizers, especially in countries like China, India, Indonesia, and Thailand. With the growth in population, especially in countries like India and China, the agricultural activities have increased, thereby resulting in increased consumption of Ammonia-based fertilizers. The demand for Ammonia is also increasing from industries like paper and pulp, pharmaceutical, petroleum, and food. This has further influenced the market growth in the region.

North America will register the second highest CAGR 5.37% and is estimated to surpass a valuation of USD 10,141.9 million by the end of 2025. In this region, the U.S. is estimated to be the major contributor and accommodates around 25 production plants.

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Polyvinyl Alcohol (PVA) Market Trends, Top Manufactures, Market Dynamics, Industry Growth Analysis & Forecast 2023

Market Analysis:

The Polyvinyl Alcohol Market is predicted to touch USD 1,769.2 million at a 4.59% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. Polyvinyl Alcohol or PVA, simply put, is a synthetic polymer that has good hydrophilicity, biodegradability, and biocompatibility, thus finds applications in various fields including coatings, textiles, paper, food packaging, construction, and pharmaceuticals, amid others. High abrasion and chemical resistance, high tensile strength, non-toxicity, biocompatibility, non-carcinogenicity, water solubility, and biodegradability are some of its key characteristics.

Various factors are propelling the Polyvinyl Alcohol Market Growth. These factors in accordance to the MRFR report, include extensive use in various end use industries including pharmaceuticals, paper, construction, textiles, coatings, and food packaging, growing demand for packaged food, increasing scrutiny on plastic consumption, initiatives undertaken by the government and other environmental regulatory bodies to use biodegradable plastics, and its growing demand as dispersing and emulsifying agent. Additional factors boosting market growth include growing constructional activities, rising disposable income, consumer preference for eco-friendly goods, waste disposal and management, and growing hygiene consciousness.

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On the contrary, stringent regulations and fluctuations in the price of raw materials are factors that may hamper the Polyvinyl Alcohol Market growth over the forecast period.

Market Segmentation:

The MRFR report provides a complete Segmental Analysis of the Polyvinyl Alcohol Market based on End Use Industry and Grade.

Based on Grade, the Polyvinyl Alcohol Market is segmented into fully hydrolyzed and partially hydrolyzed. Of these, the partially hydrolyzed segment will have the largest share in the market over the forecast period. This is owing to its alluring features such as high-water solubility and low viscosity.

Based on End Use Industry, the Polyvinyl Alcohol Market is segmented into electronics, construction, medical, paper, textile, and food packaging. Of these, the packaging industry will dominate the market over the forecast period. This is owing to growing awareness about sustainable packaging and increasing scrutiny on traditional packaging.

Regional Analysis:

By Region, the Polyvinyl Alcohol Market Report covers the latest trends and growth opportunities across Europe, North America, Latin America, the Asia Pacific, and the Middle East and Africa. Of these, the APAC region will spearhead the market over the forecast period. This is owing to high demand from various end-use industries, rapid industrialization, urbanization, and towering constructional activities. Moreover, the presence of several Polyvinyl Alcohol producers in the region and growing demand in the textile industry is also boosting the market growth.

The Polyvinyl Alcohol Market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to its heightened demand for sustainable packaging materials. It is predicted to touch USD 394.6 million by end of 2023. Growing preference for biodegradable packaging over traditional packaging material on the backdrop of strict regulations in this region is also boosting the market growth.

The Polyvinyl Alcohol Market in North America is predicted to have significant growth over the forecast period. This is owing to rising geriatric population and growing demand for anti-aging cosmetics.

The Polyvinyl Alcohol Market in the Middle East and Africa, and Latin America are predicted to have moderate growth during the forecast period due to expanding Polyvinyl Alcohol Industry. 

Key Players:

Leading players profiled in the polyvinyl alcohol market report include Japan Vam & Poval Co., Ltd., Sekisui Chemical Co., Ltd., OCI COMPANY Ltd., China Petroleum & Chemical Corporation, Chang Chun Group., KURARAY CO., LTD., The Nippon Synthetic Chemical Industry Co., Ltd., and Merck KGaA.

September 2019: Professor Sandra Pascoe Ortiz, a Mexican scientist at the University of Valle de Atemajac has come up with a new form of sustainable, biodegradable plastic from cactus juice. Made with nopal cactus leaves and non-toxic additives, this plastic when submerged in water will degrade in a few days and after sitting in the soil will degrade within a month. This mixture is eco-friendly, thus can be digested safely by humans as well as animals.

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Polyimide Film Market Forecast, Size, Growth, Opportunities, and Trends 2023

Market Scenario:

The Global Polyimide Film Market is estimated to register 25 % CAGR during the forecast period (2017-2023) owing to the growing demand from the automobile sector, asserts Market Research Future (MRFR). Polyimide Films are used in several end-user industries like aerospace, automobile, electrical & electronics, and healthcare. Polyimide possess properties such as thermal stability, high tensile strength, flexibility, and lightweight, which makes them ideal for mobile phones, laptops, cam recorders, and other display devices. The lightweight and flexible nature make them ideal for use in the electronic industry such as digital semiconductors, cables, chips, and magnetic wires.

Drivers and Constraints Impacting the Market:

The rapid urbanization and industrialization have triggered the demand for various end-use, which is anticipated to stimulate the Global Polyimide Film Market during the forecast period. With the growing demand for Polyimide Films from the automobile sector coupled with increased government investment in the development of the retail sector is likely to contribute to the growth of the market globally. High demand from the electronics industry is presumed to drive the polyimide market to a great extent. Polyimide Films are extensively used in the electronics sector for applications such as recording devices, electrical wires, and cables.

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On the flip side, high cost is incurred in processing of the Polyimide Films as these films are produced through film casting techniques and require high temperature. Also, poor resistance of Polyimide Films to hydrolysis makes the application of Polyimide Films complex in humid weather, which further restrains the market growth during the assessment period.

Global Polyimide Film Market: Segmental Analysis

The Global Polyimide Film Market has been segmented based on End-Use Industry, Application, and Region.

By Mode of Application, the Global Polyimide Film Market has been segmented into specialty fabricated product, wire & cable, pressure sensitive tape, motor & generator, flexible printed circuit (FPC), and others. Among these, the FPC segment is estimated to register the highest growth due to increasing demand from the automobile and electronics industry. They are highly used in mobile phones, laptops, scanners, printers, avionics systems, and others.

By Mode of End-Use Industry, the Global Polyimide Film Market has been segmented into mining & drilling, aerospace, electronics, medical, labeling, automotive, and others. Among these, the electrical & electronics segment is estimated to hold the largest share and is anticipated to expand at a considerable CAGR. The growth is attributed to the increasing use of consumer electronics such as mobile phones, laptops, and electronic displays.

Regional Insights:

Geographically, the Global Polyimide Film Market span across five regions namely, North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.

Among all the regions, Asia Pacific is estimated to register the highest growth with a considerable CAGR owing to the growth in industries especially in countries like India, Japan, and China. Also, favorable government regulations such as tax benefits and industries have attracted industry players to enter the market, thus fueling the market growth at a global platform. Also, the rising automobile and electronic sector in Japan and China are estimated to contribute towards the market growth.

Europe is presumed to be a lucrative market owing to the developed electrical and electronics, automobile, and medical sector. Moreover, the presence of major countries such as France, Germany, Italy, and the U.K. are anticipated to contribute to the market growth. The developed healthcare industry has also triggered the demand for Polyimide Films.

Industry News:

October 11, 2018: The Micro-Measurements brand of Vishay Precision Group, Inc. has recently introduced the W2A Series IPX8S rated, waterproof strain gages that offer complete protection in applications where exposure to water is high. The W2A provides long-term defense from water-exposure, allows for immediate and thorough protection in field environments, and resists harmful chemicals.

Competitive Dashboard:

The Major Players Operating the global market are Kaneka Corporation (Japan), Shinmax Technology Ltd. (Taiwan), Ube Industries LTD (Japan), Taimide Tech Inc. (Taiwan), SKC Kolon PI (South Korea), Arakawa Chemicals Industries Inc. (Japan), TORAY INDUSTRIES INC. (Japan), E. I. du Pont de Nemours and Company (U.S.), FLEXcon Company Inc. (U.S.), Saint-Gobain SA (France), and others.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Auto Catalyst Market Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2023

Market Overview:

Auto Catalysts are used in the automobile industry to convert the harmful emissions from vehicles into less toxic materials. It is extensively used in the exhaust systems of automobiles and can also be used in electrical generators mining equipment and forklifts among others. The growth of automobile production across the globe is vitally affecting the growth of the Auto Catalyst Market.

The Global Auto Catalyst Market is being driven by growing number of automobiles throughout the globe.  Moreover, it is estimated that the light-duty vehicle- diesel is set to witness the highest growth due to the growing consumption of the fuel-efficient diesel cars globally.

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Market Segmentation:

The Global Auto Catalyst Market is segmented into Application and Region.

Based on the Application, the market is segregated into light-duty vehicle diesel, light-duty vehicle gasoline, and heavy-duty vehicle.

The market by Region is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Market Scenario:

The light duty vehicle diesel segment followed by the light-duty vehicle gasoline is anticipated to observe a higher CAGR during the forecast period. The growing per capita disposable income coupled with the shifting of the automotive manufacturing base into the developing regions are the major factor attributing to the growth of the market.

Regional Analysis:

The Global Auto Catalyst Market is spanned across Five Key Regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at a considerably higher CAGR. The presence of the most populated countries of the world such as India and China in this region has augmented the demand for automobiles, which, in turn, is anticipated to fuel the demand for auto catalyst in the region. Moreover, the shifting of the automotive manufacturing base into the region owing to the cheap labor and encouraging government regulations is also contributing to the growth of the market.

The European region is estimated to witness a significant growth during the forecast period. The increasing use of Auto Catalyst owing to the strict EU regulations is driving the market growth. The implementation of Euro 6 and Euro 7 guidelines is further adding to the market growth. According to the European Union, car sales in 2017 grew by 3.6%.

The North American Auto Catalyst Market is mainly driven by the U.S. and Canada. The presence of the developed automobile industry and increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing light-duty vehicle in the region coupled with the stringent federal emission regulations is also expected to fuel the market growth.

Competitive Analysis:

Some of the Prominent Players Operating in the Global Auto Catalyst Market are BASF SE (Germany), Johnson Matthey (England), Solvay (Belgium), Umicore (Belgium), Corning Incorporated (U.S.), Cataler Corporation (Japan), DCL International (Canada), Heraeus Holding GmbH (Germany), Tenneco Inc (U.S.), Faurecia S.A (France), Klarius Products Limited (U.K), and Taizhou Three-Way Vehicle Catalytic Converter Co., Ltd (China) among others.

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Scale Inhibitors Market Analysis Includes Growth, Trends, Technologies & Opportunities Forecast 2023

Market Overview:

Scale Inhibitors are generally chemicals, which are extensively used in the chemical treatment of water or fluid treatment systems and prevents the accumulation of unwanted formations. The technology is extensively used in water treatment and oil & gas treatment sectors. The Global Scale Inhibitors Market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 4.68% during the forecast period (2018-2023).

The soaring use of Scale Inhibitors for water treatment applications is considered the primary growth stimulant for the market across the globe. The thriving oil and gas industry make use of Scale Inhibitors on a large scale. The pipelines which are required for the transportation of oil and gas from rigs to the refineries must be of premium quality to prevent spillage of crude oil. The formation of scale in the pipelines weakens the pipes, due to fissures and cracks develop on the surfaces. Scale inhibitors help to maintain the quality of the pipes. This is likely to encourage the market growth globally.

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On the contrary, the price volatility of raw materials is likely to restrict the market growth in the foreseeable future.

Industry Updates:

September 2019: Clariant has recently inaugurated its next High Throughput Experimentation Laboratory in Houston. The latest facilities will involve the first of its kind supporting the oil & gas industry. The lab is considered a part of a global Clariant initiative to expand the capabilities of HTE to the Asia Pacific, North America, Africa, Latin America, and the North Sea.

Competitive Dashboard:

The Top Players Operating in the Scale Inhibitors Market include DowDuPont (U.S.), Kemira Oyj (Finland), Solenis (U.S.), BASF SE (Germany), Ecolab (U.S.), American Water Chemicals, Inc. (U.S.), Arkema SA (France), Clariant (Switzerland), BWA Water Additives (U.S.), and SUEZ (France).

Segmental Analysis:

By Type, the Scale Inhibitors Market is segmented into sulfonates, phosphonates, carboxylates/acrylates, and others. Of these, the phosphonates segment commanded the largest share in 2017 and is predicted to garner a CAGR of 4.29% due to its surging demand from the end use industries.

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Based on the Application, the market includes mining, oil & gas, power, petrochemicals, paper mills, and others. Of these, the power segment is anticipated to garner a CAGR of 4.6% owing to the surging investments in the sector. The demand for Scale Inhibitors can surge in the power segment due to its need for treated water. Meanwhile, the oil & gas sector will acquire the second spot due to surging investments in deepwater and ultra-deepwater exploration activities, especially in the South China sea, coupled with the existence of large oil reserves.

Regional Frontiers:

Geographically, the Scale Inhibitors Market spans across the Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa.

Considering the Global Scenario, the Asia Pacific is estimated to garner a CAGR of 5.38% by the end of 2023. The surging demand for water treatment of the surrounding rivers from the governments, rapid urbanization in China and India, and soaring awareness regarding water & wastewater treatment are some of the primary growth stimulants of the regional market’s growth. The Namami Gange Programme, for instance, is the ideal example which requires antiscalants to meet the increasing demand for potable water. In this region, China contributes the maximum to the market growth, mainly due to the rising crude oil production. The market in the region can surpass a valuation of USD 727.5 million, garnering a CAGR of 4.56% by 2023.

Europe acquires the second spot and its growth is mainly attributed to the surging demand from wastewater treatment and power sectors. In this region, Germany accounted for 25.6% share and is estimated to expand at a CAGR of 2.50%.

The market in North America exhibits strong growth opportunities, mainly due to the shale exploration activities in the region. Moreover, the U.S. commands the largest share and is likely to retain its position as the leading contributor. In addition, the flourishing oil & gas industry, which makes extensive use of Scale Inhibitors will contribute to the market’s growth.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
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