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Methanol Market Size to Reach USD 100.3 Billion By 2024

05 April 2019, The global Methanol Market is estimated to reach USD 100.3 billion by 2024, primarily driven by its widespread of applications in adhesives, paints, and plastics. Asia Pacific is the fastest growing market in terms of volume, growing at a CAGR of 8.6% and is expected to maintain its dominance over the forecast period.

The rise in demand for petrochemicals and the advancement of new industrial segments are projected to offer new opportunities for the methanol market during the forecast period. In Asia Pacific region, China is the largest and the fastest growing market and is expected to show the same trend over the forecast period due to the abundance of coal and natural gas available in China.

The growth of methanol market is mainly due to the rise in demand for clean burning fuel and fuel substitutes such as biodiesel. Additionally, increase in R&D activities for the usage of methanol as an alternative to gasoline products for vehicles is projected to drive the demand for methanol.

Methanol by-products like formaldehyde, acetic acid, DME, gasoline is utilized in several industrial applications such as construction & building, production of petrochemicals, pharmaceuticals, synthesis of chemicals and in the automotive sector. Formaldehyde dominated the global market contributing to USD 6.2 billion in 2016. Formaldehyde is used to produce wood products such as plywood and adhesives.

The high demand for formaldehyde is owing to its high purity, low cost, and the abundant use of formaldehyde in various chemical reactions. Acetic acid and formaldehyde are widely used by-products of methanol. DME and fuel blending have also been recognized as enormously profitable application areas such as clean fuel for transportation, cooking, heating and power generation and is expected to record a 9.0% CAGR during the forecast period.

With diminishing crude oil reserves, demand for substitute transportation fuel has stimulated the market for blended and clean fuel such as methanol and its derivatives. It is a potential replacement for traditional transportation fuel such as diesel and petrol, which is projected to fuel the market for methanol over the forecast period. However, with the availability of cheap and low-cost substitutes and alternatives of methanol such as bio ethanol or ethanol fuel, which bounds the methanol consumption, and constant fluctuation in the prices of crude oil would impact the affordability of the chemical, and its derivatives can hinder the growth of the methanol industry during the forecast period.

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#methanol #methanol market #checmical #bulk checmicals

Spray Polyurethane Foam Market is expected robust growth by 2022

01 April 2019, Growing construction activities worldwide is expected to robust Global Spray Polyurethane Foam Market growth over the next six years. Major spray polyurethane foam application includes insulation of buildings with more efficient output compared to other materials. Spray polyurethane foam exists in rigid form which enhances industrial and commercial applications such as refrigerators and thermal insulation of buildings. Increasing applications in end-use industries is expected to drive the spray polyurethane foam market growth over the forecast period. Growing construction and insulation industries owing to urbanization is anticipated to bolster the market growth over the next eight years. Unlike other insulation materials spray polyurethane foam is more efficient on account of energy conservation aspect. Spray polyurethane foam manufacturing process emits less carbon footprints compared to other materials, which is expected to have positive impact on spray polyurethane foam market over the forecast period. Growing environmental concern and stringent government regulations on carbon footprint is projected to boost the spray polyurethane foam market over the next six years. Isocyanates are primarily used for manufacturing spray polyurethane foam. Volatile isocyanates prices are expected to hamper the global spray polyurethane foam market over the forecast period. Isocyanates also impose health hazardous impacts such as asthma during spray polyurethane foam manufacturing process is anticipated to hinder the spray polyurethane foam market growth. Innovations in reducing manufacturing cost and developing low cost bio based spray polyurethane foam are anticipated to generate immense opportunities for the market over the next six years.

On the basis of application, spray polyurethane foam was classified as residential walls, residential roofing, commercial roofing and commercial walls. Residential roofing dominated the spray polyurethane foam application market in 2013 and the trend is expected to continue over the forecast period. Other niche spray polyurethane foam applications include transportation and medical equipment. Spray polyurethane foam can be segmented on the basis of type as open cell and closed cell. Both the cell together covered about 90% of the market and remaining 10% was contributed to one component foam and high density foam in 2013. Open cell spray polyurethane foam is spongy and low cost material majorly used for inner wall insulation and also provides sound resistance. Closed cell spray polyurethane foam is a dense material used as roofing insulation and provide better water vapor barrier. According to U.S. Department of Energy, most of the energy is lost through walls, windows and doors via air medium. Spray polyurethane foam insulation reduces the energy loss by 50% compared to other conventional insulation materials. Spray polyurethane foam also provides better water resistance that decreases mold formation on woods.

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North America dominated the global spray polyurethane foam market followed by Asia Pacific in 2013 owing to growing residential development and environmental awareness. Growing residential buildings renovations and concern about energy conservation in North America are expected to drive the market over next six years. Emerging Asia Pacific economies such as China, India and Indonesia are anticipated to show dynamic market growth over the forecast period on account of increasing spending on residential buildings. Industrialization and urbanization in developing countries is also expected to drive the spray polyurethane foam market growth. Frequent changes in atmospheric temperature during summer and winter in the last decade forced consumers to use cost effective insulations on buildings and is anticipated to boost the market over the next six years. Europe is expected to experience the fastest spray polyurethane foam market growth over the forecast period owing to European Commission stringent regulations regarding environmental impacts.

Some major players in the market include NCFI Polyurethans, BASF Corporation, Bayer Material Science, Lapolla Industries Inc., Premium Spray Products, The Dow Chemical Company, Icynene Inc., Rhino Linings Corporation, Demilec and Certain Teed Corporation. Rhino Linings has developed bio based spray polyurethane foam Insulation and DuraTite. Insulation open cell is used by builders for roofing and DuraTite closed cell is used for interior insulation. DuraTite comprises of non-ozone depletion and less global warming impending blowing agents. This initiative by Rhino Linings is expected to have positive impact on the spray polyurethane foam market over the forecast period.

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#Spray Polyurethane Foam Market

Acetic Acid Market Analysis, Emerging Trends, and Forecast Report

18 March 2019, According to a recent study conducted by Hexa Research, global Acetic Acid Market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015 to 2022. The total global acetic acid demand for PTA was more than 2,450 kilotons in 2014, which is likely to rise to more than 3,750 kilotons in 2020.

VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is a growing consumption of these chemicals in the solvents and adhesives industry, leading to rising demand for VAM. Demand for acetic acid in VAM was more than 3,500 kilotons in 2014. This application segment is expected to grow at a CAGR of more than 3.9% from 2015 to 2022. VAM will be increasingly demanded by developing economies like China, India, and Brazil, consequently leading to the growth of the acetic acid market in the future.

Hexa Research observed that China led the global acetic acid market in 2012 with a share of more than 39% of volumes. A strong manufacturing base and possible expansion of the same in the future will contribute to China retaining its market leadership. The Asia Pacific followed China in terms of market share, with key demand emerging from India and Japan. The acetic acid industry in Asia is likely to grow at a CAGR of more than 10% from 2015 to 2022.

Hexa Research identifies Celanese, BP, DuPont, Eastman Chemicals, BASF, Wacker Chemie and Jiangsu Sopo (Group) Co., Ltd., among others, to be the key participants in the global acetic acid market. The industry showcases a fragmented nature with several manufacturers operating at varying levels of capacities.

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#Acetic Acid Market #Acetic Acid

Glyphosate Market Analysis, Competitive Strategies, and Forecasts, 2016 to 2024

30 January 2019, The global Glyphosate Market was valued at around USD 5 billion in 2012. It is likely to reach USD 9 billion over the forecast period (2016-2024). Increasing population and the rise in demand for genetically modified (GM) crops are expected to driver of the glyphosate market.

Increase in crop consumption for biofuels and animal feed can propel market growth in the coming years. Moreover, development in the field of genetically modified crops promoting weed resistance is likely to boost market growth. This product helps farmers in reducing the degree of tillage, further positively affect the market.

Glyphosate is used extensively in gardens and home landscaping. It effectively kills annual and perennial grasses along with dandelions, broadleaf weeds, shrubs, poison ivy, kudzu, and other weeds.

Using this product in a large quantity can lead to an increase in immunity in the weeds. Additionally, it can increase the toxicity related risks can also challenge the growth of the glyphosate industry. The market is bifurcated into applications and regions.

Browse Details of Report @ https://www.hexaresearch.com/research-report/glyphosate-industry

Applications comprise of conventional crops and genetically modified. The conventional crops segment dominated the demand accounting to over 52% of the total consumption in 2014. However, the genetically modified crop based application can exhibit the highest gain over the forecast period.

Regions are divided into North America, Europe, Asia Pacific, and the RoW (Rest of the World). Asia Pacific held the largest market in 2013. It is expected to continue doing so, over the forecast period, owing to the rapid adoption of the product in countries like India and China.

North America can exhibit substantial growth over the eight years. The growth can be attributed to the awareness of the increase in agricultural yield. However, European glyphosate industry held around 15% of market share in terms of total volume, in 2014. However, it is likely to show less demand due to the unfavorable regulations of the region.

Zhejiang Xinan Chemical Industrial Group Company Limited, Monsanto, BASF SE, and SinoHarvest Corporation are some of the major competitors of the global glyphosate market. Monsanto is leading the worldwide market, owing to the role in the introduction and adoption of crops that are glyphosate-tolerant. The players engage in mergers and acquisitions as a part of their strategic activities.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/agrochemicals-and-fertilizers-market

#Glyphosate #Agrochemicals & Fertilizers #Fertilizers #Agrochemicals

Acetone Market Analysis and Forecast by Application & Region

24 January 2019, The global Acetone Market size was USD 5.75 billion in 2016. Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products. It is also used in the manufacturing of Methyl Methacrylate & Bisphenol-A.

Polycarbonate plastic is derived from Bisphenol-A. An increasing use of polycarbonate in the automotive industry is one of the key growth factor for the acetone market. Polycarbonate is increasingly used as a substitute for metal and glass in automotive industry.

Automotive manufacturers are increasingly using polycarbonate for lighting applications, such as light housing, headlamp lenses, bezels that require transparency, high temperature resistance, it also offers better functional integration and designing freedom to vendors. An increasing demand for light vehicles with improved fuel efficiency is driving the manufacturers to depend on polycarbonate that helps to reduce the weight of the vehicles.

Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and automotive industry is a key factor for growth of the acetone market. Keeping these driving factors in mind companies are increasing their production capacity in order to meet the global demand. For instance, Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores to set up a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in the region.

In 2016, Asia Pacific was largest revenue generating owing to the development of automotive and electronics industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand for acetone. An increasing demand for bio based acetone and strict government regulations is expected to slow the market growth of acetone. Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.

Browse Details of Report @ https://www.hexaresearch.com/research-report/acetone-market

Hexa Research has segmented the global acetone market market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Solvent

• Methyl methacrylate (MMA)

• Bisphenol-A (BPA)

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

• U.S.

• Europe

• Russia

• Asia Pacific

• China

• India

• Central & South America

• Brazil

• MEA

Key players analyzed:

• INEOS Phenol company

• Mitsui Chemicals

• The DOW Chemical Company

• Shell

• Minda

• U.S. Chemicals

• Formosa Chemicals

• Sunoco

• Conchemco

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/organic-chemicals-industry

#Acetone Market #organic chemicals #bulk chemicals

U.S. Specialty Household Cleaners Market Analysis by Product and Application

14 December 2018, The U.S Specialty Household Cleaners Market is expected to reach USD 7.96 billion by 2024, driven by adoption of a healthier lifestyle and growing concern of infectious diseases. Increasing preference for proper hygiene and sanitation standards is anticipated to boost the specialty household cleaners market. Also, stringent efficacy and guidelines stated by the U.S. Environmental protection Agency (EPA) will further regulate the acceptance of these specialty cleaning products as the companies claiming the products to kill the germs need to abide by the regulations and policies stated by the U.S. EPA.

The exact concentration of these products can deliver optimum performance or else can result in hazardous health concerns and slip & trip accidents causing severe physical injuries. Hence, it is crucial to use the appropriate concentrations of specialty cleaners. Growing need for healthy & hygienic surroundings is anticipated to boost the demand for these products in the U.S. In 2016, hard surface cleaners segment accounted for 44.2% of overall market share, and it is anticipated to continue its dominance over the forecast period.

The American Cleaning Institute (ACI) in the United States has created awareness amongst the public regarding benefits of regular disinfection and sanitization at home and other surroundings. Hence, the specialty cleaning products have become indispensable and lead to their enhanced acceptance and purchase. These cleaning products are available in the form of wipes, foams, liquids, gels, aerosols, sprays and granules.

In 2016, toilet bowl cleaners were valued at USD 1.05 billion. Products used for toilet bowl cleaning are designed to maintain spotless and hygienic conditions. In 2016, cleaning products in bathroom applications accounted for 45.2% of overall market share, and it is estimated to continue its dominance over the forecast period.

Increasing awareness regarding the spread of diseases and infections is anticipated to boost the demand for bathroom cleaners. On the other hand, kitchen surfaces and platforms are affected by ants, mice, rats, and cockroaches hence, their proper and frequent cleaning is essential to ensure good ambiance. The essential need for clean and disinfected kitchen environment is anticipated to increase the demand for kitchen cleaning products.

Key market players are implementing mergers and acquisition strategies to enhance their sustainability and expand their presence in global market. The consumer specialty products association (CSPA) is the premier U.S. trade association engaged in the manufacture, formulation, and distribution of consumer goods to maintain the clean and healthy environment.

Browse Details of Report @ https://www.hexaresearch.com/research-report/us-specialty-household-cleaners-market

Hexa Research has segmented the U.S. specialty household cleaners market based on Product and Application:

Segmentation by Product, 2014 - 2024 (USD Million)

• Hard Surface Cleaners

• Glass Cleaners

• Toilet Bowl Cleaners

• Metal Polishes

• Other

Segmentation by Application, 2014 - 2024 (USD Million)

• Bathroom

• Kitchen

• Other

Key Players Analyzed:

• The Clorox Company

• Reckitt Benckiser Group plc

• S. C. Johnson & Son, Inc.

• Procter & Gamble

• Church & Dwight Co., Inc.

• Henkel AG & Co. KGaA

• Kao Corporation

• Unilever

• Colgate-Palmolive Company

• Seventh Generation, Inc.

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#U.S. specialty household cleaners market #specialty household cleaners

Injection Molded Plastic Market Size by Raw Material and by Application

03 December 2018, The Global Injection Molded Plastic Market was valued at around USD 199.9 billion in 2015. It is expected to grow at a CAGR of approximately 5% during the forecast period (2016 - 2024). It will reach USD 296 billion by 2024. The growth of this market can be attributed to its growing demand in medical devices, home appliances, automotive, packaging, and electrical & electronic end-uses.

The molding process involves injecting molten plastic into molded products and solidifying them. The growth of this industry can be accredited to properties like heat resistance, pressure resistance, minimum wastage, and low labor cost.

Prices of volatile crude oil, benzene, ethylene, propylene, and styrene can challenge market growth in the coming eight years. To overcome such challenges, the industry is trying to manufacture molded plastic using biodegradable products. The injection molded plastic market is segmented into applications, raw materials, and geographies.

Applications include automotive, building & construction, consumables & electronics, packaging, medical, and others. Packaging was the leading application with a net demand surpassing 30,000 kilo tons in 2014.

The injection molded plastic holds an immense potential in medical and automotive segments. Biocompatible, cost efficient and optical clarity method of production can drive this segment till 2024.

Browse Details of Report @ https://www.hexaresearch.com/research-report/injection-molded-plastics-industry

Raw materials comprise acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), Polypropylene, Polystyrene, and others. Polypropylene accounted to over 35% of the total market demand in 2014. High demand for injection molded polypropylene in packaging, automotive, and household goods is likely to impel market growth in the coming years.

Geographies encompass North America, Central & South America (CSA), Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific dominated the market holding over 37% of total volume in 2014. Rise in the demand of the plastics in the automobile industry in this region is likely to drive the market growth in this region. Increasing construction in India, China, and Indonesia will augment market growth in the region.

Major global injection molded plastic industry players are BASF, DuPont, Dow Chemical Company, and LyondellBassell. Early 2016, LyondellBassell started a new Polypropylene grade called Purell grade RP315M and Purel HP548N for healthcare applications like syringe plungers, pill strips, and others. These products increase the cycle time and production of cast film.

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#injection molded plastic

Smart Water Grid Market Forecast by Technology and Application 2014 - 2025

26 November 2018, The global Smart Water Grid Market is expected to reach USD 10.27 billion by 2025, driven by a growing emphasis towards a reduction in non-revenue water, the necessity for accurate billing, restructuring of old infrastructure, instantaneous monitoring of the grid, efficient fixing of leaks, and improved client engagement. Furthermore, the need to conform to government regulations, expectations for increased safety and reliability with reduced cost and development of smart cities have been the driving forces for the smart water grid market.

North America dominated the market in 2016 due to the advancement of the IT sector, which plays an integral part of these networks. Advancement in technology has helped various factors such as water safety, managing severe weather conditions and valuation of consumption. Europe followed suit, with an expected contribution of USD 2.96 billion by 2025 due to the increase in adoption of smart water meter compliances for better management.

Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of increase in production and sales of advanced metering infrastructure. Metering infrastructure is getting a boost from the increasing demand for meters transmitting information through an accessible network.

Fixed Radio Frequency (RF), Power Line Communications (PLC), Broadband over Power Line (BPL), and other municipal grids such as cellular or landline networks are combined with the right metering software to derive accurate data. The data is received by Meter Data Management System (MDMS) that is accountable for the statistics of the water analysis and distribution as per the readings.

The smart water grid industry is expected to grow on account of increasing demand for information about usage that allows preservation of resources and saves money. Smart Infrastructure held the largest market share accounting for 41.5% in 2016 and is expected to witness steady growth on account of increasing number of smart water grids, particularly in emerging economies of the world.

Companies are investing extensively in R&D to enhance technology. Companies have zero dependence on the government bodies due to suitable initiatives for substituting energy systems to grow. Players in the market such as Itron Inc., Siemens AG, Badger Meter, Inc, and Neptune Technology are investing heavily in the smart water grid market.

Browse Details of Report @ https://www.hexaresearch.com/research-report/smart-water-grid-market

Hexa Research has segmented the global smart water grid market based on technology, type and region:

Segmentation by technology, 2014 - 2025 (USD Million)

• Smart Infrastructure

• Control & Automation

• ICT & Analytical Software

• Engineering & Design

Segmentation by type, 2014 - 2025 (USD Million)

• Residential

• Commercial

• Utility

Segmentation by region, 2014 - 2025 (USD Million)

• North America

• U.S.

• Europe

• UK

• Asia Pacific

• China

• India

• Middle East & Africa

• Saudi Arabia

• Central and South America

Key players analyzed:

• Itron Inc

• Siemens AG

• Badger Meter, Inc

• Neptune Technology

• Sensus Sentec

• Schneider Electric

• Landis+Gyr

• Arqiva

• Diehl Stiftung & Co. KG

• ABB

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/water-and-sludge-treatment-industry

#Water & Sludge Treatment #Water Treatment #Smart Water Grid Market #Smart Water Grid #bulk chemicals #chemicals

Cellulose Acetate Butyrate (CAB) Market Forecast and Trend Analysis, 2014 - 2025

22 November 2018, The global Cellulose Acetate Butyrate Market is anticipated to reach USD 997.8 million by 2025, driven by the growing consumer demand for paints & coatings, lacquers, and printing inks. Increasing construction activities and growing automobile production are expected to bolster the growth of the market further.

Paints & coatings made with cellulose acetate butyrate are used in various applications including automotive plastics, leather, plastic, wood, aviation, medical & healthcare, and architecture. The global CAB market for paints & coatings market is expected to reach USD 532 million by 2025.

Increasing infrastructure spending coupled with increasing automobile production in Asia Pacific is projected to drive the demand for paints & coatings, which in turn is expected to influence the demand for CAB positively. The market is anticipated to grow at a volume CAGR of 3.8% over the next eight years.

Printing inks are expected to be another lucrative segment for the CAB market, with the introduction and implementation of mandatory labelling regulations by various regulatory authorities including FDA. Reducing the weight of a packaging coupled with stringent regulations to print all the information regarding the packed product is expected to augment the demand for printing inks that are not affected by external environment conditions. The segment is expected to grow at a volume CAGR of 3.2% over the projected period.

Some of the key players in the market with a global presence include Eastman, Mitsubishi Rayon and Diacel and Celanese. Other vendors in the market include Xiamen Hisunny Chemical Co., Ltd., Chemos GmbH & Co. KG, Haihang Industry Corporation, and Simagchem Corporation. With the relative growth in demand from the end-use markets such as paints and coatings, lacquers, and printing inks, the market is expected to witness an upward move over the forecast period.

Technology advancement along with expansion in capacity and development in R&D facility is expected to be a key trend in the CAB market over the coming years. Companies are focusing on developing the product with properties such as increased hardness, durability, low moisture absorption and high impact strength. Product innovation is anticipated to result in increasing the application scope of the product, thereby, propelling its growth over the next few years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/cellulose-acetate-butyrate-cab-market

Hexa Research has segmented the global cellulose acetate butyrate (CAB) market on the basis of application and region:

Segmentation by application, 2014 - 2025 (Tons) (USD Million)

• Printing inks

• Paints & Coatings

• Lacquers

• Others

Segmentation by region, 2014 - 2025 (Tons) (USD Million)

• North America

• U.S.

• Europe

• Germany

• U.K.

• Asia Pacific

• China

• Japan

• Central and South America

• Middle East and Africa

Key players analyzed:

• Eastman Chemical

• Mistubishi Rayon

• Diacel

• Celanese

• Xiamen Hisunny Chemical Co., Ltd

• Chemos GmbH & Co.KG

• Haihang Industry Corporation

• Simagchem Corporation

• Rotuba Extruders, Inc.

• Nantong Acetate Fiber Co., Ltd.

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#cellulose #cellulose acetate butyrate #Bulk Chemicals

Fracking Fluid and Chemicals Market Forecasts, 2015 to 2025

26 October 2018, The Global Fracking Fluid and Chemicals Market is anticipated to witness steady growth over the forecast period. These are utilized in hydraulic fracturing for the recovery of oil and shale gas. This stimulus is typically carried out once throughout the productive existence of a well and it helps in eradicating gas and oil, thus improving well efficiency. This factor is anticipated to drive the market growth over the forecast period.

Integral components of fracking chemicals and fluids differ depending on the type of fracturing, situations of wells, and condition of water in the field. A typal fracture treatment uses around three to 12 chemical additives. This process is initially employed to extract coalbed methane (CBM), unconventional liquids, shale gas, tight gas, and other products which are hard to convalesce through usual drilling processes.

Growth in adoption of unconventional resources of gas and oil such as shale and CBM is expected to drive market over the forecast period. Many recognized businesses are using hydraulic fracturing for conventional gas and oil resources. Growing concern among countries regarding safe energy resources is anticipated to further impel market expansion. Requirement of fuel for industrial and domestic consumption is expected to further boost market over the forecast period.

The market has acknowledged backward integration of companies into manufacturing of fracking chemicals and fluids. Hydraulic fracturing enterprises have set up different departments for the expansion of oilfield chemicals that produce fluids and chemicals with the required properties. Demand from areas with potential for unconventional gas reserve is expected to bode well for product demand in near future.

Efforts for energy sovereignty are expected to drive the market over the forecast period. Various countries are eager to ascertain energy security. Hence, many government bodies are adopting wide-ranging alternatives to natural gas. For example, utilization of natural gas as fuel source for vehicles. Low price of natural gas is also expected to drive the demand.

However, widespread opposition owing to harmful impact of hydraulic fracturing on environment is anticipated to hinder growth of the global market. Ecological effects such as climate change, air pollution, rising risk of earthquakes, higher water consumption, and water contamination are some of the biggest challenges for the market. Various countries have laid down stern regulations over utilization of hydraulic fracturing. This factor is also expected to challenge market expansion to an extent.

Having said that, the objective of these countries to accomplish energy security through domestic gas production is expected bode well for market growth. Rising concerns regarding the consumption of water in restricted supply regions and other environmental hazards can be tackled by using foam-based fluids. This alternative utilizes less water and could assist companies in addressing concerns over ecological effects of fracturing.

Browse Details of Report @ https://www.hexaresearch.com/research-report/fracking-fluid-chemicals-market

North America, Europe, Africa, Asia Pacific and Middle East are the major geographic regions in the market. Augmented fracturing activities to boost extraction of gas and oil from North American reserves is poised to drive regional market. Asia Pacific is projected to register fastest growth over the forecast period on account of rapid technological advancements and high demand for energy resources.

Socioeconomic and industrial growth in emerging economies is driving the fracking fluids market in Asia-Pacific, Africa, and Latin America. Cross-linker, biocide, corrosion inhibitor, gelling agent, adjusting agent, surfactant, friction reducer, breaker, clay stabilizer, pH adjusting agent, and acids and scale inhibitors are some of the prominent types of liquid bases used in the industry. Fracking is performed on the basis of foam-, water-, and gelling oil-based fluids.

Some of the key players in the global fracking fluid and chemicals market are Akzo Nobel, FTS International, Baker Hughes, Calfrac Well Services, Trican Well Services, Clariant, BASF, Dow Chemical, Halliburton, Albemarle, Chevron Phillips Chemical, Weatherford, Solvay and DuPont. Key companies are Baker Hughes, Schlumberger, and Halliburton. All of these companies are integrating their business processes to develop fracking fluids and chemicals. Hands-on knowledge of top players in hydraulic fracturing gives them the advantage to produce the most suitable materials.

The market is highly fragmented on account of a vast number of industry players. However, it is strengthened by the top three companies capturing the larger share of the overall market. The fracking products are processed further by the hydraulic fracturing service providers themselves through vertical integration or are resourced from chemical manufacturers. The market is highly fragmented on account of a vast number of industry players.

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#Fracking Fluid and Chemicals #Fracking Fluid #Chemicals #Chemicals Market Analysis

Phosphate Rock Market to Reach 268.0 Million Tons by 2024

23 October 2018, The global Phosphate Rock Market is expected to reach 268.0 million tons by 2024 as a result of its increasing demand in the downstream sector for producing fertilizers. It is the only global resource which is used in agriculture and fertilizer industry.

The mineral is a vital ingredient used for manufacturing NPK fertilizers. Therefore, the growing demand for fertilizer is expected to be the primary driving factor for the growth of the market over the next few years. Moreover, the absence of substitutes is expected to result in negligible substitution threat.

Browse Details of Report @ https://www.hexaresearch.com/research-report/phosphate-rock-market

Additionally, one of the factors for fertilizer consumption growth is directly related to the global increasing calorie consumption per capita. High-calorie consumption foods are becoming popular, with rising prevalence of oilseeds, dairy and meat which are directly increasing the demand for stock feeds, grain, and agricultural production.

Demand for phosphate rock in Asia Pacific was 127.94 million tons in 2016 and is anticipated to maintain its dominant position over the forecast period owing to the presence of numerous agriculture-oriented economies. Rising demand for the mineral as an additive for feed & food as well as manufacturing of industrial chemical coupled with the growth of the manufacturing sector in the region is expected to drive the market. In developing countries such as Brazil, China and India, growing demand for cleansing and detergent agents are projected to drive the market in the coming few years.

Europe and North America has implemented regulations banning the use of phosphate in detergents, as the mineral mixes with water which can result in causing harm to the aquatic life by producing additional phosphorous which results in the death of fish, dolphins, and aquatic plants.

Among fertilizers, food & feed additives and industrial chemicals, fertilizer segment dominates the market by contributing 203.8 million tons in 2016 and is expected to maintain its position during the forecast period. Fertilizers comprise of different compositions of three main crop nutrients phosphorus (P), nitrogen (N), and potassium (K).

One of the major factors that are expected to hinder the growth of the phosphate rock market is the rapid depletion of these reserves and increasing demand for its derivatives as there is no other alternative for these products. The leading manufacturer in these markets is MBAC Fertilizer, Potash Corp, Phosphate Resources Limited, Grange resources, Mosaic, WENGFU Group, Agrium, Shaw River Manganese, Anglo American, and Sterling Group Ventures Inc.

Hexa Research has segmented the global phosphate rock market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Fertilizer

• Feed & Food Additive

• Industrial Chemicals

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

• U.S.

• Europe

• Russia

• Asia Pacific

• China

• India

• Central & South America

• Middle East and Africa

• Morocco

Key players analyzed:

• MBAC Fertilizer

• Potash Corp

• Phosphate Resources Limited

• Grange resources

• Mosaic

• WENGFU Group

• Agrium

• Shaw River Manganese

• Anglo American

• Sterling Group ventures Inc.

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#phosphate rock #bulk chemicals

Methanol Market Size to Hit USD 100.3 Billion by 2024

22 October 2018, The global Methanol Market is estimated to reach USD 100.3 billion by 2024, primarily driven by its widespread of applications in adhesives, paints, and plastics. Asia Pacific is the fastest growing market in terms of volume, growing at a CAGR of 8.6% and is expected to maintain its dominance over the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/methanol-market

Hexa Research has segmented the global methanol market based on end-use and region:

Segmentation by End-Use, 2014 - 2024 (Kilo Tons) (USD Million)

• Formaldehyde

• Acetic Acid

• MTBE

• DME

• Fuel blending

• MTO

• Biodiesel

• Others

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Segmentation by key country, 2014 - 2024 (Kilo Tons) (USD Million)

• U.S.

• Japan

• Germany

• China

• India

Key players analyzed:

• Badische Anilin- und Soda-Fabrik

• Zagros Petrochemical Company

• Methanol Holdings Trinidad Limited

• Mitsui & Co., Ltd

• Celanese Corporation

• Petroliam Nasional Berhad

• Saudi Arabia Basic Industries Corporation

• Methanex Corporation

• Mitsubishi Gas Chemical Co., Inc.

• Valero Marketing and Supply Company

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#methanol #methanol market #market research report #market research

Aerospace Plastics Market to Grow at CAGR Above 10% till 2024

17 October 2018, The global Aerospace Plastics Market stood nearly 57 kilotons in 2014. It is estimated to grow at over 10 percent CAGR from 2016 to 2024 (forecast period). Regulatory policies coupled with robust fiscal aid should be the key market propeller. The market will also be driven by usage in airplanes, alternatives for steel & aluminium, and expansion in the aviation industry.

The aviation industry is likely to observe high growth across Middle Eastern nations; like Qatar, U.A.E., and Saudi Arabia. Higher air traffic in defense & commercial sectors has contributed sales for the North American market. Strict policies on petro-based products can hamper feedstock (high-grade plastics, etc.) availability.

Moreover, adoption of carbon fibers in other applications may limit the availability of raw materials. Airplane manufacturers have begun employing a blend of thermoplastic & metal composites to lower fuel emissions and ensure passenger convenience. The aerospace plastics market is fragmented by applications, polymers, end-users, and geographies.

Applications comprise wings & rotor blades, airframe & fuselage, and cabin areas. Airframe & fuselage was the biggest segment in 2013. Demand for aerospace plastics in wings & rotor blades surpassed 7, 900 tons in 2014. ‘Plastics adoption’ in wings makes the latter quite resistant to metal fatigue. Demand for cabin area applications would grow at over 5 percent CAGR till 2024.

Browse Details of Report @ https://www.hexaresearch.com/research-report/aerospace-plastics-industry

Polymers are polyether ketone ketone (PEKK), polyether ether ketone (PEEK), and polymethyl methacrylate (PMMA). PEKK was nearly USD 74.5 million in 2014. It has high ‘glass transition temperature’ & ‘mechanical load.’ PMMA generated around USD 168 million in 2014. It is used in flight decks & cockpits owing to its lightweight features.

Aerospace plastics do not rust and can function better than other materials. This characteristic bodes well for the aerospace plastics market and drives its incomes. End-users consist of military aircrafts, general aviation, and commercial & freighter aircrafts. Commercial & freighter was the biggest segment in 2013. Military aircrafts are likely to experience the fastest growth.

Geographical regions encompass Europe, Asia Pacific, North America, and rest of the world. Europe dominated the global market in 2013. This region and Asia Pacific may be lucrative in the near future.

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#Aerospace Plastics #bulk chemicals #Plastics Polymers & Resins #market research report

Adhesive and Sealant Market to reach USD 52 billion by 2024

05 October 2018, The global Adhesive and Sealant Market is estimated to reach nearly USD 52 billion by 2024 (2016 to 2024 - forecast period). Adhesives are substances which permanently join two surfaces or materials. Sealants, on the other hand, are used to bind the gaps between two materials. They prevent liquid-seepage through openings.

The market had a demand of 11.7 million tons (in terms of volumes) in 2015. Growth of automotives, packaging, and construction industries is anticipated to fuel these volumes till 2024. Infrastructural developments and need for reducing vehicular-weights are the primary market drivers. Strict regulations encouraging bio-based products can challenge market growth.

Browse Details of Report @ https://www.hexaresearch.com/research-report/adhesives-and-sealants-industry

Bio-based adhesives are gaining prominence due to their low manufacturing costs and eco-friendliness. The adhesive and sealant industry is divided on the basis of technologies, products, applications, and regions. Solvent-based, water-based, reactive & others, and hot melt are the technologies.

Water-based led with over 40% shares in 2015. It exceeded USD 8 billion that year. This segment is predicted to dominate over the next eight years. The same can be credited to its ability to lower VoC (volatile organic content) emissions.

Adhesive products include acrylic, polyvinyl acetate (PVA), polyurethanes, styrenic block, epoxy, ethylene-vinyl acetate (EVA), and others. Sealant products encompass polyurethanes, silicones, acrylic, PVA, and others. Acrylic adhesives generated almost USD 5 billion in 2015. They are used to develop UV light curing and waterborne & heat resistant technologies.

EVA adhesives accounted for over 400 kilotons (KT) in 2015. They should regain their shares in the near future. Silicone sealants reportedly surpassed USD 2 billion in 2015. They will grow further due to expanding automotives and construction industries.

Pressure sensitive, automotives, footwear, furniture, construction, medical, packaging, and others constitute the adhesive applications. Pressure sensitive tapes, assemblies, packaging, automotives, construction, and others are the sealant applications.

Pressure sensitive adhesive applications were valued over USD 6 billion in 2015. They are expected to generate over 4 KT by 2024, at 4.8% CAGR. Packaging accounted for over 20% demand in 2015. Automotive sealants generated more than 18% demand the same year. They can exhibit 5.4% CAGR till 2024.

Automotive adhesives would grow at about 5% CAGR from 2016 to 2024. Their key applications comprise carpeting, sealing doors & windows, and bonding decorative trims, side moldings, & vinyl roofs.

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA) are geographies in the adhesive and sealant market. APAC reigned over the global market in 2015, earning above USD 11 billion. Increased budgets for development projects in India, China, & Indonesia may boost regional demand.

North America captured over 20% shares with respect to demand in 2015. It is expected to witness slow growth in the forecast period. The demand for silicone sealants in Europe exceeded 150 KT in 2015. It will expand significantly. LATAM is led by Brazil and followed by Argentina & Mexico.

Major players operating in the worldwide adhesive and sealant market include the 3M Company, The Dow Chemical Company, Henkel AG & Co. KGaA, and H. B. Fuller. Together, they hold more than 45% of the industry.

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U.S. Kaolin Market Size to Hit USD 1.98 Billion by 2025

6 September 2018, The U.S. Kaolin Market size valued at USD 1.29 billion in 2016, is anticipated to be driven by the growing consumption of cement, fiberglass, plastics, paints, and adhesives in numerous end-use sectors including construction and automobile. Rising infrastructure spending coupled with the increasing automobile production is expected to propel growth.

Kaolin is used in a variety of products that are utilized in the construction industry including cement, paints, adhesives, plastics, rubber, ceramics, and fiberglass. The penetration for kaolin in these applications has been increasing as they are not only effective in bringing down the overall cost of the final product, but they also increase the durability of the base material.

Fiberglass is used mesh fabrics, self-adhesive tapes, and wall covering owing to its ability to add strength and resistance to impact and fire. Fiberglass in the form of GFRP composites is used in a wide range of end-use sectors including wind energy, transportation, aerospace, marine, and civil construction. The growth of these end-use sectors on account of improving economic conditions in the country is anticipated to drive the demand for fiberglass, and in turn, the kaolin market. Fiberglass market is estimated to generate revenues worth USD 549.1 million by 2025.

Technological advancements in the process of manufacturing plastics have resulted in the incorporation of numerous additives including fillers such as kaolin. Increasing production of plastics is expected to augment the demand for kaolin over the forecast period. The segment is projected to grow at a volume CAGR of 5.3% over the projected period.

The U.S. plastic production increased from 108,183 million pounds in 2014 to 110,781 million pounds in 2015. Infrastructure development and growth of the manufacturing sector is expected to augment the demand for plastics, thereby bolstering the expansion of the kaolin industry.

The market is characterized by frequent changes in prices primarily due to volatile product demand as well as a rise in production costs. Demand plays a significant role in determining the price cap of the product, as bulk production assists in lowering costs. However, volatile movement of the paper, and oil & gas markets have been resulting in adversely impacting the profit margins of manufacturers.

Browse Details of Report @ https://www.hexaresearch.com/research-report/us-kaolin-market

Imerys, KaMin, Thiele Kaolin and BASF are some of the prominent players within the U.S. industry. Other leading vendors include Advanced Primary Minerals Corp., Active Minerals International, Vanderbilt Minerals, LLC, and Lhoist Group.

Hexa Research has segmented the U.S. kaolin market based on application:

Segmentation By Application, 2014 - 2024 (Kilo Tons) (USD Million)

• Paper

• Ceramics

• Fiberglass

• Paints & adhesives

• Rubber

• Plastics

• Cement

• Others

Key players analyzed:

• Thiele Kaolin

• BASF SE

• Imerys SA

• Advanced Primary Minerals Corp.

• KaMin LLC

• Active Minerals International

• Vanderbilt Minerals, LLC

• Lhoist Group

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry

#kaolin #Kaolin market #market size #market share #market analysis #market growth #market research report

Conformal Coating Market is expected to Worth USD 16 billion by 2024

The global conformal coating market is estimated to attain close to USD 16 billion by 2024. It stood at USD 9.7 billion in 2015. Industries, such as automotives and consumer electronics can propel this market from 2016 to 2024 (forecast period).

Conformal coatings are thin polymeric films which protect electronic components against chemicals and various other environmental effects. But these are used primarily on printed circuit boards (PCBs). Brush coating, spray application coating, and conformal coating dipping are the various ways in which these coatings are used. Selecting the right material for conformal coating can ensure the reliability of circuit boards in the long run.

Customization is the latest trend in the global industry. Companies these days develop 8-10 different versions of a particular coating material to meet the demands of various industries. However, fluctuating prices of raw materials may negatively influence market growth. Concerns regarding volatile organic compound (VOC) content in conformal coatings can also hamper worldwide demand. Most industry players focus on novel technologies to simplify the application procedure. They invest robustly in this area to reap long term benefits. Technologies such as ultrasonic coatings, selective coatings, and selective needle dispensing may catapult market demand over the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/conformal-coating-market

The global conformal coating market is segmented on the basis of products, end-users, and regions. Based on products, the segments are parylene, urethane, silicone, epoxy, acrylic, and others. ‘Others’ consists of UV cure coatings. Acrylic conformal coatings accounted for over 40% shares in global revenues in 2015. Superior surface adhesion rate & moisture resistance exhibited by these coatings can fuel its demand over the next eight years. Silicone coatings are projected to display a CAGR below 6% in the forthcoming years. This segment is propelled by demand from manufacturing & industrial sectors.

End-users in the global conformal coating market are industrial, marine, consumer electronics, medical, automotive & transportation, aerospace & defense, and others. ‘Others’ includes military and telecommunications. Consumer electronics accounted for over 40% of overall market demand in 2015. Robust demand for computers, laptops, smartphones, and other household electronics is expected to positively impact the industry.

The automotive & transportation segment could expand at a CAGR above 4% during the forecast period. It uses conformal coatings to protect circuits from salt spray, brake fluid, and gasoline vapor in automobiles. They are also used extensively in passenger compartment systems and under the hood systems.

On the basis of regions, the global conformal coating market is divided into North America, South America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). With a revenue share exceeding 55%, APAC led the worldwide industry in 2015. China is the most lucrative region in APAC because of low raw material & labor costs. High disposable incomes and lifestyle changes in APAC could boost industries, such as consumer electronics, aerospace, and medical. Such a trend may support the global market growth in the years ahead.

Key competitors operating in the global Conformal Coating Market are H. B. Fuller, Henkel AG & Co. KGaA, Dymax Corporation, and Chase Corporation. As a means to reduce transportation costs, most of these players procure raw materials directly from their local suppliers. Common market expansion strategies adopted by companies are product innovation and strategic business ventures. Dymax Corporation has launched a new conformal coating for PCBs and other electronic components. The product named ‘Multi-Cure 9-20557’ has been developed to stick on difficult-to-wet components made from silver or copper.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Hexa Research

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#conformal coating market #conformal coating market size #conformal coating market share #conformal coating market analysis #conformal coating market growth

Construction Chemicals Market to Reach $67.61 Billion By 2024

The global construction chemicals market is likely to attain USD 67.61 billion by 2024. It is projected to observe significant gains over the forecast period (2016-2024). The market is driven by rising demand from several end-use industries comprising residential and non-residential & infrastructure. Brisk move towards urbanization along with escalating focus of infrastructure growth in promising economies will stimulate the demand further.

The worldwide construction chemicals market can be segmented by products, end-users, and regions. Products are concrete admixtures, concrete sealants, concrete adhesives, and protective coatings. Concrete admixtures segment contributed for above 64.7% of the total market volume shares in 2015.

They are extensively used in concrete to improve its physical and chemical properties and are utilized in all types of constructions for instance non-buildings, residential, and non-residential infrastructure. Construction chemicals develop the power of the building structure. It provides superior durability, chemical resistance, and noticeably lowers the water and cement necessity.

Browse Details of Report @ https://www.hexaresearch.com/research-report/construction-chemicals-market

End-users in the market encompass residential and non-residential & infrastructure. Non-residential & infrastructure sector accounted more than 60% l revenue shares in 2015. In this sector, construction chemicals find usage in manufacturing and industrial buildings, composition of warehouses, hotels and retail, and office spaces.

Main regional segments in the global construction chemicals market are Asia Pacific, North America Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific was the leading market for construction chemicals in 2015. It was valued close to 45% in terms of value in the same year. India and China are the chief countries in this region accounting for above 50% of the total revenue.

The worldwide construction industry is gradually recovering post the decline in 2008 and 2009. Several European construction companies achieved substantial shares in 2015. The expansion of the construction chemicals industry is directly linked with the intensification of construction market at the global scale.

Market participants are mounting their customer base through strategies counting exhibitions and new product launches. U.S. based Dow Chemical Company is a key participant in this market. The company manufactures an extensive variety of adhesive and sealant products. Other top most players in the market include FOSROC Chemicals India Private Limited, BASF SE, Pidilite Industries Limited, Dow Chemical Company, W.R. Grace & Company, and Sika AG.

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#construction chemicals market #global construction chemicals industry growth #construction chemicals market size #construction chemicals market share #construction chemicals market analysis #construction chemicals market forecast #construction chemicals market report

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