Transformer Oil Market to grow at 8.29% CAGR in the next six years

Market Scenario:
Transformer Oil is used as insulator and coolant in transformers by energy and power industry. The Global Transformer Oil Market has seen a potential growth over the past years and as per MRFR analysis, the global market is expected to reach USD 3,614.1 million by 2022 from USD 2,100 million with a CAGR of 8.29%. Globe is facing rise of demand for electricity which will lead to the installation of new transformer, replacement of old transformer, installation of grid infrastructure which will lead the market for transformer oil market. Moreover, old and existing networks are not able to meet the new demand for power has resulted to modification of the transmission and distribution grid infrastructure. This will impact the growth of the transformer oil market in the forecasted year. However, increasing adoption of dry transformer and volatility in crude oil prices is expected to hamper the market, on account of growing transmission and distribution network across globe.

Market Highlights:
Transformer Oil is used as insulator and coolant in transformers by energy and Power industry. Globe is experiencing a rise of demand for electricity which has led to the installation of new transformer, replacement of old transformer, installation of grid infrastructure. These factors have pushed the global market for transformer oil across all the regions, where Asia-Pacific has accounted the largest market share of around 40% followed by North America and Europe. Moreover, old and existing networks are not able to meet the new demand for power demand has resulted to modification of the transmission and distribution grid infrastructure. The global market on the basis of type, naphthenic has acquired the largest market due to abundance availability of naphthenic and is expected to retain its dominance during the forecast period. On the basis of application, large transformer segment is estimated to be valued at USD 1,103.9 million in 2016 and is anticipated to expand at a CAGR of 7.99%. In terms of volume the segment is estimated to be pegged at XX million liters. The expansion of power grids in emerging countries in Asia is estimated to primarily drive the small transformers segment. However, the increasing transition from non-renewable to renewable energy sources is estimated to boost demand for large transformers over the forecast period.

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Segment Analysis:
The Global Transformer Oil Market is majorly ruled by mineral oil forms such as naphthenic and paraffinic, which cumulative accounts for 90.0% of the overall market. The major reason behind this factor is easy availability of naphthenic oil, and as per the analysis, this factor would retain its dominance till the end of forecasted period. However, prominent trends in the market such as increasing environmental concerns and increasing stringent regulations regarding fire safety are anticipated to boost market demand for bio based and silicone oil over the forecast period. Silicone oil is estimated to exhibit highest CAGR over the forecast period.

Regional Analysis of Global Transformer Oil Market:
Asia Pacific held the largest share of 40% within the Transformer Oil Market in 2015, and is expected to retain its majority by 2022. Followed by APAC, North America and Europe region is expected to compete each other in terms of both value and volume. Countries like China and India has a high demand for the Transformer Oil for expansion of electric networks and installation of transformer.  Transformer Oil Market will be driven by the growth of transmission and distribution network all across the globe. The growth for transformer oil will be slower in Americas and Europe region, as they are more depended on renewable sources then conventional sources of energy.

Key Players:
The key players of Global Transformer Oil Market report include- Nynas AB, Ergon Inc., Petrochina Company Limited, APAR Industries Limited, Calumet Specialty Products Partners L.P., Sinopec Corporation, Hydrodec Group PLC, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co. Inc., and Gandhar Oil Refinery India Limited.

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Commodity Plastic Market is expected to grow at a CAGR of ~5.56% during the forecasted period from 2016 to 2022

Market Synopsis of Global Commodity Plastic Market:
The need for commodity is gradually rising due to constraining factors such as Growing Asia-Pacific Market, Increasing Demand from FMCG and Plastic Packaging Industries, emerging economies and among others. Commodity plastics are the class of plastics which are majorly used in large volume and in broad range of applications, such packaging, electronics, consumer goods, photographic and magnetic tape, textile and a variety of household products. Such plastics show relatively low mechanical properties and are of low cost. Commodity Plastic end product products mainly includes Plates, trays, Cups, Trays & Medical Trays, Containers, Printed Material and other disposable items.

Global Commodity Plastic Market has very broad market in coming recent years. MRFR analysts has predicted that packaging and consumer goods are about to grow near USD 208 billion by the year 2022 which means more demand for these industries and in turn for commodity plastic. Another driver for commodity plastic market is growing Asia-Pacific market. The Commodity Plastic Market is majorly driven by its growing consumption in FMCG and consumer good, however, it has created a global platform for the manufacturers to expand and to increase the production capacity to meet current as well as forecast demand. Geographically, Asia-Pacific holds the healthy market share in terms of value and volume, which direct implies, the demand coming from China, India, Japan, Taiwan, Malaysia and other countries positively affecting the growing of commodity plastic market.

Market Highlights:
Although Commodity Plastics have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of Commodity Plastic Market. This has also resulted in the development of newer and improved application and performance properties; commodity plastic that are fast, easy, and low cost are in demand. Such newly developed commodity plastic include fast curing polyethylene and polyurethanes, PVC and PET and others.

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Commodity Plastics belongs to a superior class of plastic material which are broadly used in large volume in multiple applications which majorly include packaging, consumer goods, electronics, automotive, textile, pharmaceuticals and others. These plastics are used in application industries to enhance their mechanical properties and simultaneously helps in reducing the cost of production. However, from the manufacturers’ side, this has created a platform to increase the production capacity to meet the current demand.

Market Segmentation Analysis:
The Global Commodity Plastic Market has grown at a CAGR of 4.7% in terms of volume and 5.6% in terms of value, during the period 2016-2022. The factors driving the growth of the global market are advancements in the end user industries of commodity plastics, growing application industries, and increasing demand from Consumer goods and FMCG sectors.

The Global Commodity Plastic Market by type has been divided into polyethylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and other, however, polyethylene has acquired the largest market share of 31% of total market with an estimated value of USD 110.8 billion in 2016 and expected to touch USD 155.9 billion by the end of forecasted year with a CAGR of 5.58%, followed by polypropylene and polyvinyl chloride.

Polyethylene (PE) is undoubtedly one of the most popular plastic across the globe which is majorly used in the plastic industries to manufacture plastic bottles, plastic toys, and grocery bags and also in bullet proof jackets. Along with this, PE also holds a significant role in other application industries such as packaging, electronics, automotive and many others. In the global commodity plastic market, polyethylene holds a largest market share of 31% in 2016 with an estimated value of USD 110.8 billion in 2016 and is expected to reach USD 155.9 billion by 2022 at a CAGR of 5.85%. Moreover, in terms of volume, the global demand for polyethylene in 2016 was 69.9 MMT and in poised to reach 93.7 MMT by 2022 with a CAGR of 5.01%. Geographically, Asia-Pacific holds the largest market share in terms of both value and volume during the forecast period.

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Specialty Chemicals Market is expected to grow with the CAGR 5.48 % from 2016 to 2023

Market Highlights:
Specialty Chemicals are high value added and low production volume chemicals. Specialty chemical can also be termed as performance chemicals. It is high added value products used as catalysts, intermediates, components, protectants it is utilized in a wide variety of applications.

Globally, Specialty Chemicals Market has been increasing tremendously, specifically in Asia pacific, owing to rise in the populations in this region resulting to increasing in demand for construction industries, automotive industry among others. Additionally, specialty chemical industry growth typically follows the growth of these key end markets. For example an increasingly urbanized china will demand for clean municipal market leading to increase in municipalities’ usage of water chemicals to recycle the waste water. Furthermore, the government across the globe specifically in developing countries are investing in development of roads, ports, power and telecom which could result in over 15% pea growth in construction, and chemicals.

Segment Analysis:
Specialty Chemicals by functional has been segmented into adhesive, elastomers, flame retardant, water treatment and others, Adhesive & Sealants accounted for the largest market share of 26.02% in 2015, projected to grow at the highest CAGR of 5.77% during the forecast period. Elastomers was the second-largest market in 2015.

On the other hand, the market by end-use the market has been segmented into construction, agriculture, automotive, electronics and others. Water treatment Chemicals market has been growing at a faster pace owing to, in developing economies prefer in demand for water is been increasing tremendously due to usage in irrigation, drinking and industrial usage. Water treatment chemicals are used in for a wide range of industrial process, Apart from use in potable water, the customer base is widespread across diverse industries ranging from large power plants, refineries and fertilizer factories to pharmaceuticals, food and beverages, electronic and automobile companies.

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The construction chemical industry in India accounts for only 0.4% of the total construction spend and has a potential of reaching 1% which is the norm in developed economies. The key products for this sector would be in the areas of painting and coating materials, reinforcing fibers, admixtures and other construction chemicals. The key success factor for construction chemical industry would be developing products and adopting advanced coating, ceiling and reinforcing material like polyurethane base coating, silicone base and polymer base re-enforcing material.

Asia Pacific has dominated Specialty Chemicals Market in 2016
As per MRFR analysis Asia Pacific dominated the Global Specialty Chemicals Market and has accounted for the largest share of the market in 2015. Asia Pacific market is followed by Europe and North America. Moreover, Asia Pacific Specialty Chemicals Market will witness growth above average with respect to demand of the same throughout the forecast period driven by strong growth in China and India due to the growing agriculture and construction industry.

In terms of volume, Middle East, Africa and Asia Pacific are expected to witness robust growth during the forecast period. Availability of cheap labor, favorable weather conditions and governmental support are some of the factors driving the emulsion polymers market in these regions. Europe and North America are also expected to experience significant growth in the near future.
North America will be the ruling market for Global Specialty Chemicals, anticipated to witness highest CAGR. The market has been growing due to various growing manufacturing sector namely, medical devices, chemicals and consumer goods. Europe and North America accounted for largest share in 2016 due to stringent regulation in various developed countries have led to boost the market for utilization of ecofriendly products.

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Paper Dry Strength Agent Market is expected to grow at ~3.50 % CAGR during 2016-2023

Synopsis of Paper Dry Strength Agent Market:
The Global Paper Dry Strength Agent Market is expected to witness a significant growth by 2023 with CAGR of ~ 3.50 % between 2016 and 2023.

Papermaking Dry Strength Agent also known as paper dry additives, dry strength agents are divide into two segments namely, natural dry agents and synthetic dry agents. In natural dry agents it is futher subsegmneted into startch and Guar Gum and synthetic dry agents is subsegmneted as polyVinylamine, polyacrylamide (PAM), poly aminoamide eipchlorohydrin (PAE), Glyoxylated Polyacrylamide (GPAM) and Amphoteric Polymer.

Dry Strength Agent is used in paper mill to increase the strength of paper. Moreover, paper dry strength agent increase the the strength of paper by increasing the internal bond formation and improves bust strength, tear strength, wax pick values, folding endurance, stiffnes , increase levels of paper fillers uses etc. The dry strength agent can be used individually or in combination.

The Global Paper Dry Strength Agent has seen a remarkable growth over the past year and it is expected to see the similar growth in next coming years. The several factors that has influenced the global market are; increasing paper demand from developing economies, Increased recycled paper and filler content drives demand for chemicals, and Increased recycled paper drives demand for paper chemicals. There are various opportunities which help the Paper Dry Strength Agent Market to grow but on the different side there are some factors which have hampered the growth and development of this market. The factor which may hamper the growth are fluctuating prices across the region and rising energy and power cost affect the price.

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The Global Paper Dry Strength Agent has seen a remarkable growth over the past year and it is expected to see the similar growth in next coming years. The several factors that has influenced the global market are; increasing paper demand from developing economies, Increased recycled paper and filler content drives demand for chemicals, and Increased recycled paper drives demand for paper chemicals. There are various opportunities which help the paper dry strength agent market to grow but on the different side there are some factors which have hampered the growth and development of this market. The factor which may hamper the growth are fluctuating prices across the region and rising energy and power cost affect the price.

Segment Analysis:
The Global Paper Dry Strength Agent Market has been segmented into types. On the basis of types, the market has been divided into Polyvinylamine, Polyacrylamide, Glyoxylted Polyacrylamide, Starch Based Polymers, Amphoteric Polymers and others.

Polyvinyl amine has occupied the largest share among the segment in 2016, the polyvinyl amine has pegged 28% and Polyacrylamide has second largest market and occupied 20% of the market share. Polyacrylamide is most widely used polymer in paper making to increase the dry strength. It is used as strength enhancing agent. Firstly, PAM is completely water soluble resulting in good dispersion within pulp suspensions and uniform molecular adsorption on fiber surface and secondly, it is manufactured in a wide range of molecular weights. On the other hand, Starch based Polymers, has occupied the 16% of market share. Starch based Polymers market is expected to expand at steady growth rate. It is widely used in various industries, but is highly utilized in paper making industries as natural strength agent.

Regional Analysis:
Geographically, Asia Pacific region is the third  largest market of Paper Dry Strength Agent   due to demand in various applications such as printing & writing paper and tissue industry, In China region followed by India Japan. Rising demand for paper industry due to increasing population in the India, Indonesia, Taiwan, and South Korea has made Asia Pacific largest consumer of the Global Paper Dry Strength Agent Market. Furthermore, the second largest market of Paper Dry Strength Agent   is European region owing by increasing in the consumption of Paper Dry Strength agent   market in this region. However the consumption of Paper Dry Strength Agent is comparatively less in the Middle East & Africa and Latin America.

North America is one of the largest market for Paper Dry Strength Agent, according to U.S environment protection agency, printing and writing papers typically found in school or office environment such as copier paper, computer printouts and notepads comprise the largest category of paper product consumption, owing to this the market for Paper Dry Strength is inclining at tremendous growth rate.

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Organic Matting Agent Market is estimated to grow at a moderate CAGR during the review period

Synopsis of Organic Matting Agent Market:
Organic Matting Agents are used to improve film surface characteristics. Moreover, flow behavior of solvent can be improved by the addition of organic matting agents. It offers various properties such as high resistance to chemicals, superior exterior durability, excellent thermal stability, and large pore volume, which make it suitable for numerous application such as automotive, leather, wood, industrial, architectural, and others. Others application include electronics and printing inks.
The Global Organic Matting Agent Market is estimated to grow at a moderate CAGR during the review period. Rising demand from the expanding constructions sector as well as growing wood industry is estimated to fuel the demand for Global Organic Matting Agent Market. Moreover, rising automotive production and sales in developed and developing industry is expected to propel the growth of the market over the forecast period. Some other factors and trends identified in the Global Organic Matting Agent Market include continuous growth of leather coating, increasing demand for architectural coatings, and favorable government regulations. Moreover, continuous growth in paints & coatings industry along with the demand for customized matting agents are contributing to the growth of the market. However, stringent regulation implemented on solvent based products, which possess high VOC content is expected to hinder the growth of the market over the forecast period.
Organic Matting Agent are a kind of supplement, which enhance the performance of coatings. These are widely used in paints & coatings to provide corrosion and temperature resistance along with increasing antiglare properties. They helps in increasing the viscosity of the formulation. They are widely used in numerous application such as wood, architectural, industrial, leather, automotive, and others on account of superior properties such as high scratch resistance, excellent weather durability, resistance to chemicals.

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Some of the prominent factors that positively influence the growth of Organic Matting Agent are rising urbanization, increasing demand for paints & coatings, growing per capita disposable income, and rising popularity among consumers to adopt matte finish products. Furthermore, increasing construction industry and rising automotive manufacturing across the globe are predicted to drive the growth of the market. Recently, matting agent producers have shifted their focus towards reducing the volatile organic content from paints & coatings formulations, due to rising environmental concern are expected to give a boost to water based Organic Matting Agents. However, high film shrinkage time along with the high VOC emission rate in solvent matting agent are predicted to hinder the growth of the market over the assessment period.

Market Segmentation:
The Global Organic Matting Agent Market is categorized on the basis of type, technology, application, and end use industry. Based on type, the market is segmented into waxes, thermoplastic, and others. Furthermore, waxes are segmented into natural, partly synthetic, and wholly synthetic, whereas, thermoplastic is further categorized into polyamides, polyurethanes, and polyacrylates. Under the type segment, wax type segment held the major share in 2016 and is expected to dominate the market over the assessment period. Moreover, the demand for thermoplastic products will grow at a healthy CAGR during the review period. Based on technology, the Organic Matting Agent is classified into solvent based, water based, UV curing, and powder. Among the technology segment, water based segment is expected to grow at a significant rate due to rising awareness regarding the harmful effect of solvent based products as well as stringent regulations imposed by various government agencies regarding volatile organic compound emission rate. Based on application, the market is segmented into automotive, wood, industrial, architectural, leather, and others. Among these, architectural segment hold the largest market in 2016. The growth factors associated with the architectural segment are increasing the usage of organic matting agent in interior and exterior walls of all types of commercial, industrial, residential, and institutional buildings. Moreover, these find wide application scope in decorative interiors such as wood flooring, furniture, wall paintings, and others.

Regional Analysis:
Asia Pacific is predicted to be the largest market for structural sealant followed by Europe and North America, on account of increasing demand from architectural, automotive, and general industry among others. Emerging countries such as India, Malaysia, China, Vietnam, and Bangladesh are the fastest growing market for Organic Matting Sealant, and is predicted to grow at the same pace in the near future. North American organic matting agent market is estimated to witness a substantial growth with the U.S. and Canada being major contributors on account of growing end use application in wood and architectural. Europe is estimated to witness a steady growth over the assessment period owing to increasing demand for Organic Matting Agent in architectural sector, specifically in Russia, Germany, Spain, and the UK. Market growth in Latin American countries such as Mexico and Argentina is significant due to tremendous growth in automotive sector.

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Phenolic Antioxidant Market is expected to grow at CAGR of 5.10% to reach USD 1830.05 million till 2023

Market Highlights:
The Phenolic Antioxidant Market is estimated to be valued at USD 1830.05 million by 2023 and expected to grow at a CAGR of 5.10% during the forecast period. Application of Phenolic Antioxidant in food industry accounted for the largest market share. It has been projected to grow at the highest CAGR on account of increasing demand for food preservation and prevention of food products from oxidation. Plastic and rubber industry is the second major consumer of Phenolic Antioxidants. Growth of food industry owing to increasing demand from growing population and expansion of rubber & plastic industry are the major factors driving growth of the global phenolic antioxidants market. In addition to this, pharmaceutical industry is growing on account of rising prevalence of diseases, which is expected to push growth of the market during the forecast period. However, the only bottleneck in a growth trajectory of the global phenolic antioxidants market is the threat of carcinogenic nature of synthetic phenolic based antioxidants. Nevertheless, in coming years, the use of phenolic antioxidant is anticipated grow in the fuel & lubricant industry to help the market overcome existing growth constrains.

Segment Analysis:
Global Phenolic Antioxidant Market has been segmented on the basis of source, application, and region. On the basis of source, the market has been divided into natural and synthetic phenolic antioxidant. Natural Phenolic Antioxidants includes flavonoids, anthocyanins, stilbenes, tanins, and phenolic acids. The natural phenolic antioxidants occur naturally in food and feed ingredients. Their major application can be seen in cosmetic and other personal care products. It holds the least number of share in the Global Phenolic Antioxidants Market. The synthetic Phenolic Antioxidants are holding the major share of overall demand of Phenolic Antioxidants. It has been estimated that the synthetic Phenolic Antioxidant would grow at a CAGR of 4.60%. This is attributed to the easy availability and their major applications in stabilizing oils & fat and lipids. The synthetic phenolic antioxidant includes Butylated hydroxyanisole (BHA), Butylated hydroxytoluene (BHT), tert-Butylhydroquinone (TBHQ), and Ethoxyquin, among others.

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Based on applications, the Global Phenolic Antioxidants Market is segmented into food, plastics & rubber, pharmaceutical, cosmetic, and fuel & lubricant, among others. Among these segments, the consumption of phenolic antioxidant in food industry accounts for the largest market share owing to increasing uses of Phenolic Antioxidant in food preservation and inhibiting oxidation of food products. During the forecast period, the food industry segment is estimated grow at a higher CAGR as to reach USD 433.95 million by the end of 2023. Plastic & rubber industry is the second major consumer of phenolic antioxidants, wherein they are used as an additive to prevent oxidation of natural rubber when it comes in contact with air. Other important applications of phenolic antioxidants can be found in pharmaceuticals & personal care, in which both natural and synthetic Phenolic Antioxidants penetrated equally.

Regional Analysis:
Geographically, the Global Phenolic Antioxidant Market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific dominated the market, accounted for the largest share of the market in 2016, and expected to grow at a CAGR of 5.20%. Asia Pacific market is followed by Europe, which is accounted for the second largest number of shares in the Global Phenolic Antioxidants Market, as of 2016. Europe is estimated to reach USD 420.47 million by the end of 2023. North America is a substantial region in the market, which accounts for 20% share of market as of 2016. Country wise, China is the leading market, in terms of value and volume, followed by the US.

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Aluminium Metals Market is expected to grow at 5.3% CAGR during 2016-2022

Market Synopsis of Global Aluminium Metals Market:
Global Aluminium Metals Market was valued at USD 1, 12,487.9 million in 2015 and is expected to reach USD 1, 60,696.1 million by the end of 2022, expanding at a CAGR of 5.3% from 2016 to 2022. Aluminium is one of the most abundantly found metallic element in the earth’s crust, with its enormous properties such as malleability, ductility, machinability, and durability among others. Comparatively, aluminium weighs one-third of metals such as, copper and steel, without jeopardizing the strength and exhibit remarkable corrosion properties. Aluminium is exclusively used across an array of industries for various applications such as for structural and Powertrain applications in the automotive industry, frames and structures in the building & construction sector.

Market Highlights:
The Global Aluminium Metals Market has been evaluated as moderate growing market and expected that the market will reach high growth figures. Aluminium is a lightweight metal, which is produced from bauxite. Bauxite is rich in aluminium oxides, which is melted and electrolyzed to produce primary aluminium. It is widely used across various industries for applications such as, cans, foils, utensils, frames, and structure among other applications. Recycled aluminium can be defined as the scrap aluminium obtained from the primary aluminium while casting, cutting and millings, generally termed as new scrap. The other sources of recycled scrap is from end-of-life aluminium products such as, foils, scrap vehicles and aluminium cans among others. Developed nations have minimized its use of primary aluminium and are more inclined towards use of recycled aluminium, which in turn is contributing to the economic growth and environmental harmony, this trend is being slowly adapted by the developing nations with establishment of new recycling facilities in these regions.

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Based on types, primary aluminium accounts for largest market share, with wide application of primary aluminium across miscellaneous industries such as, automotive, construction, electrical and packaging among others. These industries are expected to grow in forecasted period due to rise in consumption rate and growing population. The use of aluminium in automotive manufacturing is accelerating owing to its distinct characteristics and properties such as lightweight, durability, recyclability and strength among other properties, with a positive output on the overall performance of vehicle such as, fuel efficiency, safety, less maintenance and reduced emission. Thus, increasing use of aluminium in automotive components coupled with growth in automotive production is one of the prominent market driving factor adding value to the Global Aluminium Market. Furthermore, the application of aluminium across various transportation sector such as railroad, marine and aerospace as a replacement for steel in the above mentioned transportation sectors can be further attributed to aluminium metal market growth.

Market Dynamics:
The Global Aluminium Metals Market is expected to register moderate growth of 5.3% over the forecast period. The prominent factors fuelling the growth of Global Aluminium Metals Market are, rise in automotive production coupled with increasing use of aluminium in vehicle manufacturing. Rapid urbanization in the developing economies with rigorous infrastructural development and regaining stability of housing market in the mature markets can be attributed to the overall growth of Global Aluminium Metals Market. Furthermore, in line with the rapid urbanization and industrialization, the electrical and power supply needs to be addressed, with significant application of aluminium in electric wires and transmission lines, the demand from electrical sector is anticipated add further value to the Global Aluminium Metals Market. Apart from the above mentioned factors, demand for aluminium among the food packaging industry, equipment manufacturers, and consumer goods among other applications is anticipated to further augment the demand for aluminium metals globally. However, oversupply of primary aluminium leading to declining prices and rapidly growing demand for recycled aluminium as substitute for primary aluminium among other factors might hamper the growth of Global Aluminium Metals Market to an extent.

Geographically, Asia-Pacific region dominates the Aluminium Metals Market both in terms of volume and value and is expected to grow significantly at a CAGRs of 5.9 % and 5.3 % respectively. China is major revenue generating country due to increasing consumption of aluminium metals across different industries and high export of aluminium. Europe accounts for second largest market share in the Global Aluminium Metals Market.

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