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Paraxylene Uses Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

Para-Xylene Market – Market Overview

Xylene is a clear, colorless and flammable solution which is produced from crude oil. Xylene primarily exists in three isomeric forms such as ortho-xylene, meta-xylene and para-xylene. Para xylene or PX or P-xylene is basically an aromatic hydrocarbon compound, which is colorless, sweet-smelling, toxic, and highly flammable chemical. Para-xylene is extensively used for the production of dimethyl terephthalate (DMT) and terephthalic acid (PTA) which are further used in the manufacturing of polyesters. Moreover, para-xylene is primarily used in the production of polyethylene terephthalate (PET) which is primarily used as a packaging materials for carbonated drinks, water bottles, and other containers for food, beverages and personal care products.

According to the analysis of MRFR, the major market forces and trends driving growth of the global Para-Xyleparaxylene uses market includes increasing demand for various applications such as packaging, textile and construction materials among others. Moreover, the increasing personal disposable income in the developing economies throughout the globe has augmented the demand for polyester fibers which in turn is expected to fuel the growth of the global Para-Xylene Market during the forecast period. In addition, the growing demand for polyethylene terephthalate (PET) as a packaging material is further expected to affect the market positively. However, stringent government regulations regarding the use of Polyethylene terephthalate due to the non-biodegradable nature and harmful environmental effects in the developed regions such as Europe and North America coupled with the lack of competent labor for handling and transportation of hazardous para-xylene chemicals in the developing economies can act as a major down side to the growth of the market.

Table Of Content :

1 Executive Summary

2 Scope Of The Report

2.1Market Definition

2.2Scope Of The Study

2.2.1Research Objectives

2.2.2Assumptions & Limitations

2.3Markets Structure

3Market Research Methodology

3.1Research Process

3.2Secondary Research

3.3Primary Research

3.4Forecast Model

4Market Landscape

4.1Five Forces Analysis

4.1.1Threat Of New Entrants

4.1.2Bargaining Power Of Buyers

4.1.3Threat Of Substitutes

4.1.4Segment Rivalry

4.2Value Chain/Supply Chain Of Global Paraxylene Market

5Industry Overview Of Global Paraxylene Market

5.1Introduction

5.2Growth Drivers

5.3Impact Analysis

5.4Market Challenges

5.5Impact Analysis

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Industry/ Innovation/ Related News:

November 16, 2016- A team of chemical researchers including doctorates and professors from university of Massachusetts has innovated a process for production of para-xylene which involves the use of biomass as feedstock with a 97% yield. This innovation is expected to fuel the production of para-xylene owing to its cost efficiency and higher.

April 21, 2017 – Reliance Industries limited announced the successful completion of the final phase of para-xylene project including aromatic extraction units, trans-alkylation and PX crystalliser trains at Jamnagar. The plant is constructed with efficient technology from British Petroleum which is anticipated to push Reliance to the second spot in the global market of para-xylene producers. Reliance has successfully implemented the first phase of the project earlier in 2016. This development is expected to augment the market of para-xylene in India which in turn will positively affect the Asia Pacific para-xylene market.

February 11, 2016 – Hengli Petrochemical Company Limited has collaborated with Axens for the procurement of technology, in the first crude to paraxylene complex located in China. This complex is expected to hold a capacity of processing 4,00,000 barrels of crude oil per day which will further cater to the purified terephthalic acid (PTA) plants for the use in the PET applications. This collaboration will further drive the market of PET application will in turn will surge the growth of the para-xylene market.

Key Players:

Braskem, Exxon Mobil Corporation, Formosa Chemicals & Fibre Corporation, Reliance Industries Limited, Royal Dutch Shell plc., US Petrochemical Industries Inc. The Dow Chemicals Company, BASF SE, Conoco Phillips Corporation, JXTG Nippon Oil and Energy Corporation, China national Petroleum Corporation, British Petroleum, Jurong Aromatics Corporation, Lotte Chemical Corporation, Sinopec Corporation, and CNOOC Limited among others are some of the prominent players at the forefront of competition in the global Para-Xylene Market and are profiled in MRFR Analysis.

Para-Xylene Market- Competitive Landscape

The global Para-Xylene Market is a highly lucrative market driven by flourishing growth in packaging and petrochemical industry, along with the propelling textile industry. Exxon Mobil Corporation, the Dow Chemicals Company, Royal Dutch Shell plc. and BASF SE, China national Petroleum Corporation among others are some of the major players operating in this market. Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Taking account of these trends the global Para-Xylene Market is projected to witness considerable competition over the forecast period of 2017-2023.

Asia pacific is expected to be the fastest growing region during the forecast years. The growing population in the developing countries and increasing GDP has augmented the demand for PET in the packaging sector coupled with increasing use of para xylene as pesticides, solvents and coatings especially in India and China is further expected to boost the market growth. However, strict regulation in North America and Europe is expected to show sluggish growth during the forecast years.

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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), & 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 products, services, technologies, applications, end users, 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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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#Paraxylene Uses Market

High Performance Epoxy Market Size, Share, 2021 Business Structure, Competitive Landscape, Opportunity, and Key Regions 2027

High performance epoxy can also be defined as performance coating or varnish that is used to enhance the quality of a surface making it adaptable for the different environments it is exposed to, such as extreme heat. High performance epoxies are extensively used in the production of aerospace & marine, automotive, and consumer goods among others.

High performance epoxy makes an excellent choice for a primer coat as well as a basecoat. Moreover, its additional properties such as quick drying forming a durable layer make these resins highly desirable in the end-use industries. Therefore, these high-performance epoxy resins cover a vast area of application across automotive, aircraft and marine manufacturing industries which escalates the market on the ascending heights.

Acknowledging the kind of growth, the market witnesses currently, Market Research Future (MRFR) in its recently published a study report asserts that the global high-performance epoxy market is forecasted to reach USD 14.9 BN by 2022, registering a phenomenal CAGR during the review period (2016-2022).

Additionally, the electronics sector which is considered as another key application area of these resins fosters the market growth of high-performance epoxy. Simultaneously, vast consumption of these high-performance epoxy resins in the manufacturing of paints, coatings & adhesives contributes to the market growth, generating a huge demand.

On the other hand, factors such as fluctuating prices of the raw materials required for the production of these high-performance epoxy resins obstructs the market growth largely. Also, the gap in the demand and supply of the raw materials hinders the market growth, restricting the production volume.

Nevertheless, improving economic conditions, worldwide, are expected to support the market growth by increasing consumers’ purchasing power making luxury items such as automotive and electronics affordable for them.

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Global Key Players:

Sherwin-Williams Company Euclid Chemical Company Rust-Oleum Huntsman International LLC V8 Floor Systems Benjamin Moore & Co. Xtreme Engineered Floor System FORREST Technical Coatings Simpson Strong Tie Smooth-On, Inc. Zeraus Products Inc.

Industry/ Innovation/ Related News:

September 25, 2018 – Meridian Adhesives Group LLC (US), a leading manufacturer of high-value adhesives and sealants technologies announced the acquisition of W.F. Taylor Co., Inc. (US), a manufacturer and marketer of flooring adhesives and related products.

This, third acquisition in a row in the year 2018 will add specialty flooring adhesives to Meridian’s portfolio, which currently includes high-performance specialty epoxy, polyurethane and hybrid adhesives for the electronics, medical, construction and infrastructure markets.

Global High-Performance Epoxy Market – Segments

MRFR has segmented its analysis into three key dynamics for an easy grasp;

By Types : Resins, Adhesives, Pigments, and Solvents among others.

By End-Uses : Aerospace & Marine, Automotive, and Consumer Goods among others.

By Regions : Europe, North America, APAC, and the Rest-of-the-World.

High Performance Epoxy Market – Geographical Analysis

Globally, the Asia Pacific region accounts for the significant share in the global high-performance epoxy market. Owing to the augmented demand from the end-user industries such as electronics, coatings, and adhesives in India, Japan, China, and South Korea, the market is projected to retain its dominance in the global market during the review period.

Furthermore, the availability of cost-competitive, skilled labor force available alongside the favorable governmental policies, is fostering the growth of the regional market. This also further attracts foreign investors while encouraging manufacturers to shift their production units to the flourishing market in the APAC.

The MEA region (the Middle East & Africa) accounts for the second largest market for high performance epoxy, holding a considerable market share in the global market. Increasing demand for coatings, adhesives, composites in industries drives the growth in the regional market. End-use sectors including marine, automotive, and spurting Paints & Curing industry are fostering the increase in the MEA high-performance epoxy market.

Whereas, developed regions such as North America and Europe are expected to witness a sluggish growth over the forecast period – 2016-2022. Factors such as the stringent regulations against the VOC emittance during the production of these materials impedes the market growth in these regions.

Global High-Performance Epoxy Market – Competitive Landscape

The fiercely competitive high-performance epoxy market appears to be fragmented due to the presence of several large and small-scale companies. These companies are focused on improving their market performance and increasingly acquire promising companies to expand in the fast-growing regions. Growing innovations in production technologies are further intensifying the competition in the market. At the same time, the market also demonstrates strong investment opportunities for the market players.

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#High Performance Epoxy Market

Wastewater Treatment Chemicals Market Size, Share 2021| Major Company Analysis by Manufacturing Base & Product Type |on Growth Insights and Future Forecast to 2027

The water treatment chemicals market is growing pervasively, mainly due to the increasing scarcity of the water. These chemicals are used in various water treatment processes to extrude unwanted chemicals, solids, gases, and biological contaminants from the contaminated water. The primary objective of these processes is to generate water fit for a specific purpose.

For instance; in industries, a proper water treatment program is essential to protect the boiler and steam system from corrosion and thereby to save the high maintenance costs, improve energy efficiency, reduce carbon emissions and to minimize the consecutive use of treatment chemicals and the total cost of plant ownership and thus to maximize the productivity.

Growing ecological concerns are pointing towards the depleting water reservoirs worldwide, further promoting the need to use the remaining reserves wisely and smartly. Simultaneously, growing industrialization is promoting the extensive use of these chemicals globally, further presaging the galvanizing growth the market is poised to witness in the immediate future.

Analyzing the factors substantiating the market growth and the extent the market will expand up to, Market Research Future (MRFR) published a study report giving the insights to 2022. In its study report MRFR asserts that the global water treatment chemicals market is estimated to reach USD 26 Bn. by 2022, posting a CAGR of 5% during the forecast period (2016 – 2022).

Growing population along with growing industrialization and urbanization worldwide, is presaging the growing demand for food, water, and electricity. Environmental changes such as the global warming are indicating the need to use the remaining water resources wisely, demanding more & more investments in the wastewater & water treatment industry.

The huge demand for these chemicals from the end-user industries such as food & beverage, municipal water treatment, energy, and oil & gas, among others are in turn, generating a huge demand for these chemicals, defining the market landscape for water treatment chemicals in the years to come.

On the other hand, factors such as increasing prices of these chemicals, volatility of supply & cost of feedstock required in the manufacturing of these chemicals are expected to obstruct the market growth considerably. Also, the increasing number of counterfeit treatment technologies are impeding the market growth.

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Global Water Treatment Chemicals Market – Segmentation

The MRFR analysis is segmented into three key dynamics for the convenience of the report and enhanced understanding;

By Types : Scale Inhibitor, Corrosion Inhibitor, Biocides & Disinfectant, Anti-foaming agents and Chelating agents, among others.

By Applications : Food & Beverage, Municipal Water Treatment, Chemical Processing, Power Generation, and Oil & Gas, among others.

By Regions : North America, Europe, APAC, and Rest-of-the-World.

Water Treatment Chemicals Market - Regional Analysis

The Asia Pacific region accounts for the leading market for wastewater Treatment Chemicals Market mainly due to the ample availability of feedstock, and cost-combative labor force. The increasing development strategies drive the market growth in the region, fulfilling the demand for the product.

Attributing to the growing awareness in the region towards the benefits of wastewater treatments, the region is likely to retain its hegemony over the global market during the assessment period, witnessing the largest production and consumption of these chemicals. The largest number of manufacturing plants and consumption in the countries such as India, Taiwan, and South Korea is the key driving force for the market growth in the region.

The Europe region is emerging as the second-largest market for the water treatment chemicals, accounting for the substantial growth in the global market. Factors substantiating the market growth include the presence of well-established end-use industries and rising expenditures on R&D and innovation in the countries like the U.K., France, Germany, and Italy.

Evidently, the resurging economy in the region is a key driving force for the market growth which is invariably increasing the consumer spending, improving their purchasing power. Owing to the upsurge in the food processing and water treatment sector, the region is expected to witness a phenomenal growth during the assessment period.

North America, emerging as one of the lucrative markets for the water treatment chemicals is expected to witness a significant market growth. The growing industrialization backed by the rising investments transpired in the field are some of the factors driving the markets in the countries such as the US, Canada, and Mexico which is further expected to drive the market growth in the region during the review period.

Global Water Treatment Chemicals Market - Competitive Landscape

The competitive market of wastewater treatment chemicals appears to be fragmented owing to a huge number of companies operating in the market, churning the market competition. Increasing innovations and technologies will generate strong investment opportunities for the players. They strive to continue to commercialize other techniques that can lower the production.

To gain the competitive advantage, these players try to attain expertise in developing techniques, managing supply chains and in-depth domain knowledge in a number of advanced materials in addition to the prevailing strategies such as acquisition, partnership, and expansion of manufacturing facilities.

The competitive landscape of the market is determined by evaluating numerous market participants along with their production chain, production capacities, and the revenue generated by the each manufacturer.

Key Players:

The market is led by some of the fervent players including Ashland Inc., GE Water & Process Technologies, Kemira Oyj's, The Dow Chemical Company, Ecolab USA Inc., Akzo Nobel N.V., Buckman Laboratories International Inc., BASF SE, Cortec Corporation and Solvay S.A. Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of competition.

Industry/Innovation/Related News

July 09, 2018 – Modern Water Plc., (UK), an eminent provider of advanced membrane technology inaugurated the world’s first brine treatment plant in Vadodara (India). The new Vadodara based brine-treatment unit, based on Modern Water’s all-membrane brine concentration process (AMBC) can treat technically challenging waste water released by the Indian chemicals giant Bodal Chemicals.

This is a crucial part of an energy-efficient treatment process for a highly saline organic-laden effluent stream from the dye manufacturing operation that achieves zero liquid discharge.

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#Wastewater Treatment Chemicals Market

Plastic Additives Market: By Application & By Geography - Forecast 2020-2027

Market Scenario

The plastic additives market is predicted to touch a revenue of USD 900 billion by the end of 2023. The market is anticipated to expand at a staggering CAGR over the assessment period (2018-2023) owing to the increasing awareness of the consumers regarding food contamination, asserts Market Research Future (MRFR). Plastic additives are significant chemical components which are added to polymer or plastic to modify, alter, and enhance its chemical and physical properties. The end-product which is obtained after the addition of additives exhibit physical properties such as increased density, lower glass transition temperature, and reduced weight.

Drivers and Restraints Impacting the Market

Plastic additives serve almost all end-user industries where polymer products are in use. With the growing consumer awareness regarding food contamination from containers along with loose sold food products are driving the market growth over the forecast period. Also, the shifting consumer trend from sedentary to a healthier lifestyle when it comes to consuming healthier food is favoring the growth for packaging industry. With the growing use of eco-friendly packaging materials, the global plastic additives market is expected to stimulate over the assessment period. Moreover, the rapid urbanization along with changing lifestyle of the people is anticipated to trigger the demand for plastic additives over the assessment period.

On the flip side, extensive manufacturing of such products might inhibit the market growth to some extent over the assessment period. Moreover, strict government interventions and growing environmental awareness to regulate commercial application of plastic product may impact the market growth negatively over the years.

Global Plastic Additives Market: Segmental Analysis

The global Plastic Additives Market has been segmented on the basis of end-use industry, type, and region.

By mode of type, the global plastic additives market is segmented into impact modifiers, antioxidants, UV-stabilizers, plasticizers, flame retardants, antimicrobials, and others. Among these, the plasticizers segment was estimated to lead the market. Use of plasticizers is banned in toys and childcare articles due to their carcinogenic nature. Growing regulations regarding workplace safety has boosted the flame retardants industry growth.

By mode of end-use industry, the global plastic additives market is segmented into automotive, packaging, agriculture, electrical & electronics, building & construction, consumer goods, and others. Among these, the packaging industry holds the largest share owing to its properties such as low reactivity, lightweight, availability in various colors, moisture and chemical resistance, and others.

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Regional Insights

Geographically, the plastic additives market spans across regions namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Among all the regions, Asia Pacific is predicted to dominate the market globally due to the growing demand for the product from the packaging industry along with the increasing population. Moreover, Japan, China, and India are the major contributors due to the presence of end-use industries such as building and construction, packaging, and consumer goods.

The North American region is estimated to hold the second-largest share owing to the growing demand for packaging in industrial and household applications. The US is the major contributor in this region owing to the presence of high technological advancements and presence of major market players.

Europe also holds a significant market share owing to the growing R&D activities in plastic materials. The U.K, Belgium, Germany, and the Netherlands are the major economies in this region contributing to the market growth. Meanwhile, the Latin American region along with the Middle East and Africa holds relatively less market share.

Competitive Analysis

Some of the important players operating the global market for plastic additives are AkzoNobel NV ( the Netherland), L. N. Chemical Industries (India), Solvay SA (Belgium), SONGWON (South Korea), Evonik Industries AG (Germany), PMC Group Inc. (the U.S), Clariant AG (Switzerland), Albemarle Corporation (US), BASF SE (Germany), Styro Chemical Industries (India), and more

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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#Plastic Additives Market

Soap Noodles supplier Market Trends Study with Top Countries Data to Show Impressive Growth By Industry Demands, Share, Size, Key Player Analysis and Forecast 2021-2027

Market Overview:

Soap noodles are used in a wide variety of applications, such as household use, special purpose soaps, industries, and others, as they offers constant composition, good detergency, and eco-friendly nature to the product. The global soap noodles market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of soap noodles in toilet soaps, laundry soaps, lather soaps, and others. It is estimated that the household use segment is set to observe the highest CAGR in the market due to growing use of soap noodles to improve the properties and structural features of the product. Moreover, increasing demand for soap noodles in herbal and aromatherapy soaps is likely to witness a rapid growth during the forecast period. These factors have led to China, India, and Japan to be the major players of this region.

The North American market is expected to grow at a healthy CAGR due to extensive consumption of Soap Noodles Supplier Market in end-use applications. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. The growing demand for sanitary products made from soap noodles is estimated to drive the market during the forecast period.

A notable development is achieved in Europe due to the growing demand for soap noodles in household use, special purpose soaps, industrial use and others. The rapid urbanization coupled with technology have propelled the market to witness a higher growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.

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A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of soap noodles in various applications. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to growing health awareness campaign in the region, which has led to a growing use of soap noodles in toilet soaps, herbal soaps, and others.

The global soap noodles market share, by region

Segmentation

The global soap noodles market is segmented into source and applications. On the basis of the source, the market is sub-divided into vegetable oil, and tallow segments. On the basis of the applications, the market is further segregated into household use, special purpose soaps, industrial use, and others

Competitive Analysis

Some of the well-known players operating in the global soap noodles market are Olivia Impex Pvt Ltd (India), Kerawalla Group (India), Excel Rasayan (India), Royal Chemicals (India), IOI Oleochemicals (Malaysia), Deeno Group (U.S.), Wilmar International Ltd. (Singapore), VVF ltd (India), 3F GROUP (India), and Musim Mas Holdings (India) among others.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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#Soap Noodles supplier Market

Toluene Price Market Size, Share & Trends Analysis, 2019-2027

Market Overview:

The major application of toluene is to improve octane rating of gasoline. Toluene is also used to produce benzene and as a solvent in paints, coatings, adhesives, inks, and cleaning agents. Toluene is also used in the production of polymers used to make nylon, plastic soda bottles, and polyurethanes and for pharmaceuticals, dyes, cosmetic nail products, and the synthesis of organic chemicals.

Some of the prominent factors that positively influence the growth of toluene market are increasing crude oil production, rising demand for fuel additives, and increasing consumption of paints & coatings owing to rapid urbanization. Increasing urbanization along with rising per capita disposable income in developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. Increasing benzene and xylene production from toluene owing to the demand from plastics manufacturing industries. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards effective gasoline as fuel is estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concern regarding the toxic effect of chemicals used in toluene solvent along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.

Market Segmentation

The global Toluene Price Market is categorized on the basis of grade, application, and region. On the basis of grade, the market is bifurcated into commercial, nitration, and toluene diisocyantes. On the basis of application, the toluene market is categorized into intermediates, fuel additives, foam, polymer production, solvents, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Regional Analysis

Asia pacific is estimated to be the largest toluene market followed by North America and Europe due to strong existence of crude oil reserves which reduces the raw material demand gap for toluene market. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for toluene in gasoline additive manufacturing. In North America, countries such as U.S. and Canada are the fastest growing market for toluene, and is estimated to grow with the same pace over the forecast period. Rising demand for solvent segment to manufacture paints & coatings, adhesives and industrial cleaning agents is predicted to contribute to the regional market growth. In Middle East & Africa, U.A.E, Saudi Arabia and Kuwait are among the major contributors in the regional market growth due to expansion of oil & gas offshore and onshore activities as well as increasing innovations. In South America, Mexico is expected to register strong growth due to robust presence of automobile manufacturers.

Competitive Analysis

Some of the prominent players operating in the global toluene market are Exxon Mobil Corporation (U.S.), Covestro AG (Germany), BP p.l.c. (U.K), China Petroleum & Chemical Corporation (China), BASF SE (Germany), Royal Dutch Shell plc (the Netherlands), Formosa Chemicals & Fibre Corporation (Taiwan), Indian Oil Corporation Ltd (India), The Dow Chemical Company (U.S), TOTAL S.A. (France), and others.

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#Toluene Price Market

Acetone Market Growth, Share, Size, Trends and Forecast (2021 - 2027)

Market Overview:

Acetone is a clear, colorless, and volatile fluid with a sweet aroma. The major route for production acetone is by cumene peroxidation where phenol is obtained as a secondary product. The major application of acetone is in the production of acetone cyanohydrin for methyl methacrylate (MMA), bisphenol A (BPA). The other applications include heavy metal degreaser, cleaning tools and chemical peeling in pharmaceuticals, personal care, paints & coatings, plastics and construction end use industries. Acetone has characteristics such as high solvency and a high rate of evaporation which enable them to find their application in many everyday products including paints, cleaning fluids, nail polish remover, and adhesives

In the present scenario, direct solvent applications have a higher share in the global acetone market. MMA is having the second highest global market share followed by bisphenol A. The largest end use for MMA is PMMA (polymethyl methacrylate). PMMA resins are used to produce acrylic sheet and acrylic molding and extrusion compounds. These resins have major applications in the construction, automotive, and computer segments are now seen as key growth markets by polycarbonate manufacturers. The important positive impacting factors for acetone market growth are surge in global industrialization, increasing demand for personal care products, and increasing government investments in construction projects. Moreover, demand for acetone is anticipated to observe significant growth over the review period owing to increasing demand in plastics industry. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023.

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Segmentation

The global acetone market is categorized on the basis of application, end use industry, and region. On the basis of application, the acetone market is categorized into methyl methacrylate, bisphenol A, and solvent. On the basis of end use industry, the market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction and electrical & electronics. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis

The worldwide Acetone Market comprises of five areas: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these, Asia Pacific is anticipated to develop with the most astounding CAGR amid the survey time frame, 2017 to 2023 by virtue of extending paints and coatings and construction industries. Rising white collar class populace and their increasing expenditure on enhancing the living standards for everyday comforts is required to increment more in the time frame, 2017 to 2023. The acetone market is anticipated to increment in various nations of the Asia Pacific, for example, China, India, Japan and Indonesia because of expanding urbanization and populace is expected to drive the market in the estimate time frame.

North American acetone market is anticipated to witness a huge development by virtue of high acetone consumption potential, expanding production capacities, and rising monetary development rate. Expanding interest for electrical and electronic appliances and pharmaceuticals are the elements driving the market. In Europe, the interest for acetone is anticipated to develop in different nations, such as, Italy, Germany, Spain, U.K, France, and Russia by virtue of expanding use in advancement in health care and cosmetic products and increasing purchasing power of consumers. In the Middle East, interest for construction and paints & coatings industries are boosting the acetone market in the review period. As acetone solvent is broadly utilized as an integral part in paints and coatings, it is foreseen to be the real driver in the assessment period. Latin American nations, such as, Argentina, Colombia, and Brazil are having political emergency in the rising economies of this area. Money related obligation in these nations has crossed their income which is the real restriction for the acetone market to develop in the forecast period.

Key Players

Some of the prominent players operating in the global acetone market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt. Ltd. (India) and EMCO Limited (India) among others

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#Acetone Market

Chrome Plating Market - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

Market Forecast

The global chrome plating market is expected to exhibit a CAGR of over 4.0% to reach a value of around USD 21.73 billion by the end of the forecast period.

Chrome plating is an electroplating process that provides a protective coating and shiny luster on metal parts and products when appliedto it.The chrome plating process are used inconsumer goods, production, andmanufacturing industries, such asautomotive components, machinery parts, and others. Chrome plating is segmented into two types- decorative chrome plating and hard chrome plating. The difference between hard chrome and decorative chrome platingis the thickness of the plating. Decorative chrome finishes are thinner than hard chrome plating and is used in many industrial applications for its strength, wear resistance, corrosion resistance, and other beneficial properties.

Regulatory Framework

ASTM B-556 is an American Society for Testing and Materials (ASTM) standards framework for thin chromium coatings.

For aerospace applications, the aerospace system regulates and recommends specificationsfor chrome plating.HS 246, PN 13.06, and PS 101 are some of Hamilton Sundstrand's specifications applicable for chrome plating.

Impact of Coronavirus Outbreak

The COVID-19 pandemic has had a swift and severe impact globally, resulting in the imposition of lockdown and travel restrictions worldwide. This has led to a decrease in the demand for components and vehicles and has had a negative impact onautomotive and aerospace industriesowing to the shutdown of production,whichcauses shortages of materials, components, and finished goods along with low demand from the consumer end areexpected to have a drastic impact on the industry in the long run. The disruption in Chinese parts exports hasalso resulted in large-scale manufacturing interruptions and decreased overall sales volume.

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Segmentation

By Type

Based on the type, the global chrome plating market is bifurcated into hard chrome plating and decorative chrome plating.

The market for decorative chrome plating type is expected to register a higher CAGR, as this plating is thinner than hard chrome and is primarily used for aesthetic appeal and as a protective coating in many end-use industries.

The decorative chrome plating segment accountsfor more than 60% market share in terms of value owing to its various benefits such as high strength, durability, and corrosion resistance.

The market for hard chrometypes is expected to accountfor nearly 40% share and is likely to witness stable growth during the assessment period. The hard chrome plating segment isclassified into various types such as satin chrome, bright chrome, brush chrome, and chrome flash. Among these, bright chrome and satin chrome plating are commonly used in the automotive industry. Thus, the hard chrome plating segment is expected to provide a lucrative opportunity over the forecast period.

Hard chrome plating is widely used in the aerospace & defense industries due to its wear and corrosion resistance property. These are commonly used for repairing damaged material or products, worn or machined parts. The hard chrome coating extends the lifespan of machine components and reduces maintenance downtime and expenses.

By Application

This segment is classified into aerospace & defense, automotive, metal finishing, and others.

Growing demand for digitization, increasing automation, and new business models have revolutionized the automotive industry. These will lead to a rise in four disruptive technology-driven trends in the automotive sector, including diverse mobility, autonomous driving, electrification, and connectivity. Thus, the growth of the automotive industry will adversely drive the market demand for the global chrome plating industry over the forthcoming years.

Decorative chrome plating is used in theautomotive industry for automotive parts and components, tooling, etc. It features many components such as bumpers, trim, rocker panels, door handles, and grills.

Rapid economic development and growth in tourism and air passenger traffic are expected to drive the global chrome plating market in the aerospace & defense industry. Plating the aerospace component with chrome platingwill provide protection from outside forces to help strengthen the underlying component and reduce friction in moving parts.

The metal finishing industry is showing stagnant growth in the assessment period and is estimated to boost the market demand over the forecast period.

The others segment includes the transportation and plumbing industry.

By Region

North America: The North American market is expected to dominate the global chrome plating market over the forecast period. Upsurge in demand for chrome plating in the automotive and aerospace industry in the US is showing a promising growth to the global market

Europe: Europe is segmented into Germany, the UK, France, Italy, and other countries. The rising manufacturers and suppliers of chrome plating areexpected to provide an optimistic opportunity for market growth. Atotech Deutschl is one of the leading key players in the European market and is anticipated to account for maximum market share across various key players.

Asia-Pacific: It is the fastest-growing regional market.The improving economic conditions in the region results in fast-paced industrialization, which is a prime factor driving the global market growth.

Latin America: Rapid industrialization in Brazil and Mexico is anticipated to fuel the market demand during the review period.

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#Chrome Plating Market

Base Oil Market Size, 2021 Industry Share, Competitive Analysis and Segments Poised for Strong Growth in Future 2027

Market Highlights

The global base oil market is projected to be valued at USD 39,683.45 million by the end of 2028,registering a CAGR of around 4.71% during the forecast period.

Base oil forms the primary raw material for any types of lubricant or grease used across the world. Lubricants are obtained by adding various additives to base oil in order to improve its viscosity, hydraulic stability, high-temperature performance, and cleaning properties. While lubricating greases are manufactured by blending base oil with additives and thickener. Base oils are mainly derived from three types of sources, namely mineral oil, synthetic oil, vegetable oils. Out of these three, the mineral oil source accounts for over 70% of the lubricants and greases used in the world.

Lubricants are widely used in various types of machines, including automobile engines, hydraulic systems, and industrial machinery. Lubricants play a key role in the trouble-free operation of a machine assembly by reducing the friction between moving parts and help in managing the machine temperature. Changing lubricants at regular intervals helps minimize the wear & tear and instance of machine breakdown. As a result, modern-day machines and automotive engines are often accompanied by specific instructions about lubricants to be used with assembly and lubricant change intervals.The growth of the automotive sector is expected to provide a major boost to the base oil demand over the forecast period.

Lubricants based on synthetic base oils such as PAO (Polyalphaolefin) are extensively used in various automotive applications such as hydraulic oils, gear, and bearing oils. These oils exhibit a superior operating temperature range than mineral oils and a high viscosity index. They are also employed as base fluids in some wide temperature range greases. With growing sales of modern automobiles in Asia-Pacific and growing demand for fuel-efficient vehicles is expected to drive the demand for synthetic lubricants and thereby the demand for base oil over the forecast period.

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Segment Analysis

The global base oil market has been segmented on the basis of the group, application, and region.

Based on group, the base oil market has been segmented into Group I, Group II, Group III, Group IV, and Group V. Among these, the Group II base oil segment is expected to grow at the fastest CAGR of 6.58% over the forecast period. Progressive replacement of Group I base oils with the Group II base oils due to changes in automotive engine designs and adoption of strict emission control norms such as Bharat Stage IV (BS-IV) in India and China 6 in China isanticipated to drive the demand for Group II base oils over the forecast period. Moreover, the growing adoption of synthetic lubricants is expected to drive the growth of the Group IV segment in the upcoming period.

On the basis of application, the global Base Oil Market has been divided into engine oils, gear oils, metalworking fluids, general industrial oils, greases, process oils, others. The other applications segment is inclusive of base oil usage in agriculture, additives, and detergents/dispersants. The engine oil segment with a 58.34% share dominated the global base oil market in 2020. The growing use of engine oils in the after-market segment in order to ensure the optimum performance and increase the longevity of an engine assembly wasthe primary factor responsible for segment growth.

Key Findings of the Study:

The global base oilmarket is projected to reach a value of USD 39,683.45 millionby 2028,with a CAGR of around 4,71%during the forecast period from 2021 to 2028.

Asia-Pacific accounted for the largest market share in 2020 on account of its large vehicle population and well-established industrial manufacturing base.

Grade II oil-based lubricants ensure the optimum performance of engine assembly and help in improving fuel efficiency and reducing particulate emission from the automotive engines. Thus, the progressive adoption of strict vehicular emission norms across emerging economies of India, China, Brazil, Vietnam, and Indonesia are expected to drive the demand for Group II base oils over the forecast period.

The covid-19 is likely to hamper the growth of the market. As various countries observed strict lockdowns in order to stop the spread of virus which impacted the supply chain of the market.

Asia-Pacificis expected to generate significant demand for base oil in the upcoming period owing to the ever-increasing vehicle population in the region. As a result, major players in the base oil market are making significant investments in capacity expansion activities to satisfy the future base oil demand of the region. For instance, in April 2019, ExxonMobil Corporation announced the expansion of base oil production capacity located at integrated refining and petrochemical complex in Singapore.

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#Base Oil Market

Silicone Fabrics Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

Market Forecast

The global silicone fabrics market is expected to exhibit a CAGR of over 6.5% to reach a value of around USD 6 billion by the end of the forecast period.

Silicone fabricsinvolve coating or impregnating silicone on a substrate such as fiberglass or polyamide. The silicone-based fabrics have an extended life, abrasion, puncture, and tear resistance, along with UV, oil, and water resistance. Siliconefabrics offer excellent heat resistance allowing the fabrics to remain flexible and durable during prolonged use at high temperatures.

These fabrics are extensively used for heat-resistant clothing, fire blankets, welding splatter protection, weather-proof jacketing, conveyor belts for food production, baking trays, bellows, and expansion joints.

Regulatory Framework

Various ASTM standards have been frame-worked for the specifications and test methods for the physical, mechanical, and chemical properties of textiles, fabrics, and cloths, as well as the natural and artificial fibers that constitute them.

These ASTM standards include regulations and tests for apparel, bast fibers and plants, conditioning, chemical and thermal properties, fabrics test methods, glass fiber and its products, home furnishing products, among others.

Impact of Coronavirus Outbreak

A3.5% contraction was caused by the COVID-19 pandemic in 2020. However, global economic activity has gained significant momentum after the second wave. The recovery in the global market is expected to hit 4.3% in 2022.

Segmentation

By Base Fabrics

Based on the base fabrics, the market is segmented into fiberglass, polyester, polyamide, and others.

The fiberglass segment emerged as the leading segment with a significant market share in 2020 due to applications such as welding blankets, gasketing, expansion joints, insulation, heat shields, fire blankets, containment, and more.This is attributed to the special material properties of silicone coupled with the strength and thickness of fiberglass.

Various properties of polyester,such as lightweight, flexibility, UV resistance, and shape memory, make it an ideal choice for silicone coating. Extensively used for manufacturing straps, tarps, ropes, clothing, and profiles for extreme temperatures, the demand for polyester coated silicone fabrics is likely to boost during the assessment period.

The market for polyamide-based silicone fabrics is driven by its use in airbags manufacturing. In line with the government norms coupled with the increased automobile sales, the demand for silicone fabrics is expected to increase globally.

Cotton and aramid are some of the other substrates over which silicone can be coated or impregnated.

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By Application

On the basis of application, the global silicone fabrics market is segmented into protective clothing, industrial fabrics, clothing fabrics, and others.

The market for protective clothing is growing on account of the regulations developed to safeguard workers and employees from encountering unfavorable elements of the working environment. Based on the industry, industrial protective wear can be heat repellent, chemical resistant, cold-resistant, mechanical resistant, and others. COVID 19 has resulted in extreme demand for PPE kits worldwide, which has had a positive impact on the overall silicone fabrics market.

Industrial fabricsfind uses in automotive, printing, belting, filtering, and processing applications. The demand for industrial fabrics is increasing due to the key benefits ofhigh strength, durability, inexpensive production, good elasticity, low maintenance, and weather resistance. Rapid industrialization across the globe is a key driver of industrial fabrics, which drives the demand for silicone fabrics.

The ongoing trend of smart textiles in the market using optical fibers, metals, and various conductive polymers to interact with the environment is likely to boost up the demand for silicone fabrics. Researchers have developed silicon-based fibers which are photovoltaic and can be used to make power-generating fabrics. These long solar cell fibers can be used in applications such as generating power, charging batteries, chemical detection, and as a biomedical tool.

The other application segment includes shrink tunnels, electrical insulation tapes, conveyor belts, safety curtains, gaskets, etc.

By End Use

This segment is classified into industrial, consumer goods, automotive, and others.

The use of industrial fabrics in conveyor belts, insulation, gaskets, hoses, and heat shields is driving the demand for silicone fabrics in industrial end use.

Increased focus on lightweight and waterproof consumer goods such as textiles, apparel, and wearables are expected to boost the demand for silicone fabrics in the upcoming period. Increasing health concerns due to sedentary lifestyles results in sales of sporting goods, which drive the global silicone fabrics market.

It is used in theautomotive industry for interior upholstery, dashboard, door panels, and airbags, etc.

The others segment includes furniture, architectural textiles, among others.

By Region

North America: Regional growth for silicone fabrics in North America is driven by the presence of a large industrial basein the region. Expanding end-use industries, especially aerospace & defense and automotive,is driving the market growth.

Europe: Europe is a well-established market and is primarily driven by the automotive industry in the region.

Asia-Pacific: Asia-Pacific is the fastest-growing regional market.Factors such as improving economic conditions,fast-paced urbanization, and industrialization drive the global market.

Latin America:Rapid industrialization in Brazil and Mexico is projected to drive market growth during the assessment period.

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#Silicone Fabrics Market

Alkylamines Market - Industry Analysis, Value, Share, Growth, Trends, and Forecast 2018-2027

Alkylamines Market Forecast

According to MRFR analysis, the Alkylamines Market is expected to reach around 7 billion in 2028.

Alkylamines are a versatile family of chemical synthesis compounds. Alkylamines are ammonia derivative compounds with one or more hydrogen atoms replaced by alkyl groups. Amines are classified according to the number of carbon atoms bonded directly to the nitrogen atom. A primary (1°) amine has one alkyl (or aryl) group on the nitrogen atom, a secondary (2°) amine has two, and a tertiary (3°) amine has three. The alkyl groups are referred to as substituents, while the NH4+ ion is the parent species. The common names for simple aliphatic amines consist of an alphabetic list of alkyl groups attached to the nitrogen atom, followed by the suffix -amine.

Alkylamines are being increasingly used in various applications, including solvents, insecticides, feed additives, rubber processing chemicals, and water treatment chemicals, which are propelling the market forward. The Alkylamines Market is expanding due to the increasing usage of alkylamines in manufacturing a wide range of solvents. Furthermore, the rising use of C1-C6 alkylamines as pesticides in the agrochemical sector is propelling the market growth. Growing usage of solvents in the manufacturing of spandex, polyurethane elastomers, and polyimide films, on the other hand, are contributing to market expansion.

Moreover, the growing demand for alkylamines in wastewater treatment is boosting the alkylamines market. Alkylamine is an effective surfactant that can act as a biocide due to it sability to kill microorganisms. When used in water, alkylamines improve the biocidal activity of chlorinated phenolic. Alkylamines improve water quality while also acting as corrosion inhibitors due to their oxygen scavenging property. The rising amount of wastewater discharged into rivers, which poses health, environmental, and climate-related risks, are driving up demand for water treatment plants. The development of wastewater treatment plants in both developed and developing regions, on the other side, encourages market growth. For instance, in 2019, the South African Government has released a grant of USD 24 million to construct multiple wastewater treatment plants in the province of Mpumalanga. Thus, development in wastewater treatment activities across the globe promotes market growth.

However, the detrimental effects of alkylamine and high maintenance costs will likely hinder the global Alkylamines market. Nevertheless, factors such as government investments and advancement in manufacturing technologies are likely to create lucrative opportunities for market growth in the forecast period. Surging innovation in the pharmaceutical industry is projected to open up new growth potential for leading market players.

Covid Impact Analysis

The outbreak of COVID-19 has had a negative impact on alkylamines production due to the disruption in the supply chain across the globe. This is because of the restrictions on travel and face-to-face meetings coupled with lockdown and curfews to limit the spread of the coronavirus. The pandemic affects operations of different industries, including agriculture, oil and gas, construction, packaging, and others. Because Alkylamines are widely employed in various industries, the decline in their operations directly impacts market growth.

Producers are planning to increase alkylamine prices for end-users to sustain themselves in the market. The majority of raw materials suppliers in this market had to shut down their operating facilities due to the outbreak of COVID-19. The shutdown of various raw material producers and alkylamines manufacturers havereporteda decline in global consumption. Considering the situation, many companies have halted their production facilities across the globe. Some other companies, which are still working, are operating at only 40-60% efficiency. However, these companies have begun operations again.

Manufacturers in this market have decreased their production capacities owing to the decline in demand from the end-use industries, reduced prices, and disruptions in the supply of raw materials. Key players in the market have witnessed a decline in revenue in the fiscal year 2020 compared to 2019. The manufacturers are taking a toll due to reduced demand for products and have announced reduced capital for their prospects. In addition to this, the imposition of various fiscal and monetary policies across the globe to limit the damage caused by COVID -19 by the governments and managements is expected to result in certain relief.

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Market USP

Stringent government policies

Market Drivers

Growing wastewater treatment plants globally

High demand foralkylamines in solvent applications

Increasingdemand foralkylamines in the paints and coatings industry

Surging consumption of Alkylamines in the agrochemical sectors

Market Restraints

Detrimental effects of alkylamine and high maintenance cost

Fluctuating prices for raw materials

Segmentation

By Type

Methylamines: Methylamine is an organic compound with a formula of CH₃NH₂. It is an ammonia derivative in which one hydrogen atom is replaced with a methyl group. It is the simplest primary amine. Methylamine is widely used in various applications, including agricultural chemicals, paint industries, water treatment chemicals, pharmaceuticals, and corrosion inhibitors.

Ethylamine:Ethylamine is an organic compound with a formula of CH3CH2NH2. It is an ammonia derivative in which two hydrogen atom is replaced with an ethyl group. It is the secondary amine. Ethylamine is widely used in various applications, including fuel tanning, synthetic agent, corrosion inhibitor, and deflocculating agent.

Propylamines: Propylamine is an organic compound with a formula of CH₃(CH₂)₂NH₂. It is widely used in various applications, including textile resins, pharmaceuticals, pesticides, and other chemicals. This segment is projected to witness the highest CAGR during the forecast period.

Butylamines:Butylamine is an organic compound with the formula CH₃(CH₂)₃NH₂. It is used as an ingredient in the manufacture of pesticides (such as thiocarbazides), pharmaceuticals, and emulsifiers. It is also a precursor for the manufacture of N,N′-dibutylthiourea, a rubber vulcanization accelerator, and n-butylbenzenesulfonamide, a plasticizer of nylon.

Cyclohexylamines:Cyclohexylamines is an organic compound with a formula of C6H13 It is a clear, colorless to yellow liquid with a strong, fishy odor. It is used as a corrosion inhibitor for boiler feed water and in the production of other chemicals and insecticides.

Others:The otherssegment include alkylaminessuch as diphenylamine, aziridine, N-methylpiperidine, and N-phenylpiperidine.

By Application

Solvents: The solvent segment held the largest market share of over 30% in the global market. It is widely used in the manufacturing of versatile solvents such as dimethyl acetamide, dimethyl formamide, hexamethyl formamide used in acrylic fiber, pharmaceuticals, and other industries.

Agrochemicals:Alkylamines like monomethlamine, propylamines, dimethylamines, triethylamine, and cyclohexylamines, amongst others are used as an ingredient in the production of pesticides, weedicide, herbicide, and insecticides. It is also used as an intermediate or catalytic agent.

Rubber Processing: Alkylamines are widely used in the production of rubber processing chemicals such as stabilizers, antiozonant, accelerator, and preservative agent. Some of the common Alkylamines include monomethylamine, dimethylamine, diethylamine, monoisopropylamine, and dicyclohexylamine.

Water Treatment:Alkylamine is an effective surfactant that can act as a biocide due to itsability to kill microorganisms. Alkylamines also enhance the biocidal effect of chlorinated phenolic when they are applied in water. Alkylamines improve the water quality and act as resistanceto corrosion due to theirproperty of oxygen scavenging.

Pharmaceuticals:Alkylamines are used in the production of anesthetics, tranquilizers, antihistamine, amoxicillin, ampicillin, antimalarials, and disinfectants, amongst others. This segment is expected to witness significant growth in the coming period.

Others:The others segment include paper chemicals, food and feed additives, textile, dyes, propellants, and emulsifying agents.

By Region

Asia-Pacific:Asia-Pacific accounted for the largest market share and is projected to witness the fastestgrowth in the market. This is mainly attributed to the rapid growth of exports, growing water treatment activities and surfactants, and the vastpresence of key producers in the region.

Europe:Europe recorded a significant growth in the global market based on consumption. The demand is mainly driven by stringent government regulations, rehabilitation of wastewater treatment plants, and the presence of large-scale end-use industries.

North America:North America accounted for the second-largest market share in the global marketdue to large production bases of alkylamines globally and advanced manufacturing technologies.

Middle East & Africa:The demand for alkylamines is rising owing to increased demand from agrochemicals, solvents, and wastewater treatment plants.

Latin America: The Latin American market is projected to witness notable demand for alkylamines due to low manufacturing costs, an upsurge in consumers' purchasing power, and a rise in agricultural production, especially in Brazil and Argentina.

Key Players

BASF SE

Alkylamines Chemicals Ltd.

Arkema

Dow Inc.

Feicheng Acid Chemicals Co. Ltd.

Koei Chemical Company

Luxi Chemical Group Co., Ltd.

Mitsubishi Gas Chemical Company

Eastman Chemical Co.

Balaji Amines

Key Developments

Major players in the alkylamines market are adopting strategies such as technology launches, acquisitions, and R&D activities. Some of the major key developments in the global Alkylamines market include:

In November2019, Alkylamines Chemicals Limited announced to sell Company's 29,77,996 equity shares representing a 30.44% stake in Diamines and Chemicals Limited (Diamines)company.

In November 2019, Eastman Chemical Co., a leading producer of alkylamines announced to increase the capacity for Alkylamines to meet growing global demand from various end markets such as home and personal care, water treatment, and animal nutrition.

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#Alkylamines Market

Syntactic Foam Market Size 2021 Growth Statistics, Top Manufacturers Data, Future Innovation Sales, Business Boosting Strategies, Revenue, Forecast to 2027

Market Highlights

The global syntactic foam market is projected to be valued at USD 233.70million by the end of 2028, registering a CAGR of around 5.85% during the forecast period.

Syntactics foam is a composite material made from hollow or non-hollow microspheres dispersedinto a polymeric, metal, or ceramic matrix. These materials are increasingly being used to produce deepwater pipe insulations and buoyancy modules due to their ability to withstand high hydrostatic pressure and prolonged exposure to seawater.

Growing investments by major oil & gas companies fordeveloping deepwater and ultra-deepwater E&P infrastructure have emerged as the primary factor driving the demand for syntactic foams. Rapid depletion of onshore oil & gas reserves coupled with technological improvements in offshore drilling are some of the key factors driving the growth of offshore drilling activities. Petrobras, Shell, Total, BP, Equinor, Exxon, and Statoil are major oil & gas companies that are steadily increasing their offshore E&P activities. Improvements in drilling and production technologies have helped these companies significantly reduce their production costs, thereby improving their profit margin spread. Syntactic foams are also being used as a key raw material in the production of various structural & non-structural components used in the aerospace & defense industry. Moreover, the major automotive manufacturers’ huge emphasis on vehicle lighwightingdrives the demand for composite materials such as syntactic foams.

Covid Impact Analysis

The outbreak of COVID-19 and subsequent adoption of lockdown strategies across most countries in the world has led to a significant decrease in demand for fossil fuel.Thus, unabated production of crude oil in tandem with a drastic decrease in demand caused global crude oil prices to drop by a significant margin. This fall in crude oil prices is expected tolimit offshore E&P activities in the near future, thereby affecting the demand for syntactic foams in marine and offshore applications. Moreover, disruption in raw material supply and non-availability of labor have adversely impacted the demand for syntactic foams in the near future.

Segment Analysis

The globalsyntactic foam market has been segmented on the basis ofthe metal matrix type, form, application, and region.

By matrix type, the Syntactic Foam Market has been segmented into metal matrix, ceramic matrix, polymer matrix, and hybrid matrix. The polymer matrix syntactic foamshave witnessed largescale adoption in various marine and subsea applications. As a result, it emerged as the largest segment in the global syntactic foams market in 2020. On the other hand, the hybrid matrix type segment is expected to grow at the fastest pace during the review period due to its superior mechanical strength and low density.

Based on form, the syntactic foam market has been bifurcated into block and sheet & rod. The sheet & rod segment is projected to grow at the highest CAGR of 6.78% over the forecast periodowing to its rising use in the production of insulated panels and piping insulation systems. Moreover, the demand for buoyancy modules from the marine and offshore drilling industry s projected to drive the market for blocks segment.

On the basis of application, the global syntactic foam market has been segmented into marine & subsea, aerospace & defense, sports & leisure, automotive & transportation, and others. Syntactic is witnessing wider-ranging adoption in the marine & subsea applications because of its high strength and low-density properties. Moreover, their ability to withstand hydrostatic pressure and prolonged seawater has propelled the marine & subsea segment as the largest application segment in 2020.

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Key Findings of the Study:

North America accounted for the largest market share in 2020; this is due to the growing investments in the development of offshore E&P infrastructure in the region.

Asia-Pacificis expected to be the fastest-growing regional market registering a CAGR of 7.12%.

The growing trend toward the production of lightweight, fuel-efficient vehicles is leading to the increased adoption of composite materials such as syntactic foams into the automotive industry. Moreover, the growing demand for electric vehicles is expected to boost the demand for syntactic foams over the forecast period.

The increased investments in the development of ultra-deepwater E&P infrastructure off the coasts of Brazil, Argentina, and Colombia are expected to boost the syntactic demand withinLatin America.

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#Syntactic Foam Market

Prepreg Market Trends, Applications, Analysis, Growth, And Forecast To 2027

Market Forecast

The global Prepreg Market is expected to exhibit a CAGR of over 9% to reach a value of around USD 10 billion by the end of the forecast period.

The term prepreg refers to composite materials such as carbon, graphite, or glass fibers which are “pre-impregnated” with various resins and then cured. The term “prepreg” is an abbreviation for “pre-impregnated,” which indicates the material has been pre-reinforced. Prepreg comes in three basic forms, namely, tow-preg, unidirectional tape, and fabric. Reinforcement materials in prepregs provide composites with an enhanced set of mechanical, physical, and chemical characteristics. They are widely used in aerospace, military, automotive, sports, and wind energy industries.

Regulatory Framework

Various ASTM standards have been frame-worked for the production and testing of composites, including matrix composites, prepregs, sandwich core materials, and honeycomb core materials.

For aerospace applications, the Federal Aviation Administration regulates and recommends criteria for the development of material specifications for prepregs.

Impact of Coronavirus Outbreak

According to the United Nations, the global economy is projected to contract by around 3% or more instead of registering 2.5% growth projected by the World Economic Situation and Prospects report 2020. Various monetary and fiscal policies are imposed by governments across the globe to mitigate the impact of COVID-19, causing relief to the consumers.

The imposition of lockdown and travel restrictions worldwide has resulted in aslowdown in the automotive and aerospace industries. Moreover, the restrictions on crowds and imposition of safety regulations resulted in the shutting down of public places, thereby affecting the sporting goods industry. Furthermore, the manufacturers across various end-use industries have shifted/modified their production lines to COVID-19 relief productssuch as gloves, masks, and sanitizers.

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Segmentation

By Fiber Reinforcement Type

This segment is segmented into carbon fiber reinforcement prepreg, glass fiber reinforcement prepreg, aramid fiber reinforcement prepreg, and others.

The carbon fiber segment is expected to register a higher growth rate on account of various benefits such as high strength, reduced weight, stress resistance, and corrosion resistance.

Glass fiber reinforced prepregs are widely used in the aerospace & defense industries due to theirlightweight behavior. These are commonly used for manufacturing aircraft interiors, radome, secondary aircraft structures, and sandwich panels.

The market for aramid fiber reinforcement types is likely to witness stable growth during the assessment period. This is because the aramid composites are about 20% lighter than carbon fiber composites. The use of aramid fibers or fabrics in composites increases resistance to impact and abrasion, in addition to the reduced weight of composite elements.

The other types of fiber reinforcement used include boron fibers and ceramic fibers.

By Resin Type

On the basis of resin type, the global Prepreg Market is bifurcated into thermoset resin and thermoplastic resin.

The market for thermoset resin type is expected to register a higher CAGR as they have a higher shelf-life as compared to the thermoplastic-based prepregs. The segment is further divided into epoxy, polyester, and others.

The thermoplastic resins segment is further segmented into PP, PET, PE, PPS, and PEEK. These are available in unidirectional tape or in fabrics that are woven or stitched.

By Application

This segment is classified into aerospace & defense, wind energy, automotive, sporting goods, electronics, and others.

Improvement in the commercial aviation network, growth of the tourism industry, rapid economic development, and an increase in air passenger trafficare expected to drive the global prepreg market for the aerospace & defense industry.

Increased focus on renewable energy on account of fossil fuel depletion and environmental concerns promote the use of prepregs in making wind turbines.

It is used in theautomotive industry for automotive parts and components, tooling, ballistic panels, etc.

Increasing health concerns dueto sedentary lifestyles results in sales of sporting goods, which drive the global prepreg market.

In the electronics industry, the prepreg is used as the base material for printed circuit boards, which are mounted for communication between semiconductors, connectors, resistors, diodes, capacitors, and radio devices.

The others segment includes marine, transportation, and building & construction.

By Region

North America: Market growth is driven by the presence of a large industrial basein the region. Expanding end-use industries, especially aerospace & defense and automotive,is driving the market growth.

Europe: Europe is a well-established market. Increasing demand for prepregacross major end-use industries is expected to propel market growth. The automotive industry in the region is the key factor driving the demand for prepregin the region.

Asia-Pacific: It is the fastest-growing regional market.Improving economic conditions in the region results in fast-paced industrialization, which is a prime factor driving the global market growth.

Latin America:Rapid industrialization in Brazil and Mexico is projected to drive market growth during the assessment period.

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Cosmetic Antioxidants Market Global Size, Share Analysis, Growth Rate and Opportunities, 2021 Industry Trends, Segment Overview, Forecast to 2027

Market Synopsis

According to MRFR analysis, the global Cosmetic Antioxidants Market is expected to reach around USD 212 million by the end of 2028 at a CAGR of 6%.

Cosmetic antioxidants are natural and chemically derived antioxidants used in various cosmetic products such as skincare, haircare, and makeup. Antioxidants are naturally made from vitamins and minerals that include vitamin A, vitamin C, vitamin E, butylated hydroxyanisole (BHA), carotenoids, and butylated hydroxytoluene (BHT), amongst others. These antioxidants are widely used in various anti-aging, anti-inflammatory, UV protection, moisturizing, and hair conditioning products.

Growing personal care and cosmetics industry, aging population, increase in online purchase, and high demand from emerging economies are some of the factors expected to propel the growth of the global cosmetic antioxidants market. Furthermore, the advancements in technology, R&D,and rising demand for natural antioxidants further fuel the development of the global market. However, the high cost of natural antioxidants and rising concerns over synthetic antioxidants hamper the growth of the market.Further, increasing use of natural and green ingredients, followed by the increasing trend of chemical-free food products driving the demand for organic cosmetic and personal care products. Moreover, owing to such growing concerns, there are new certifications introduced in the market compiling the natural products requirement. For instance, Natural Products Association (NPA) designed a regulatory framework - Natural Standard Certification for Personal Care Products. Another prominent trend observed in the market is a continuous focus on multifunctionality as product development. Although multifunctionality is a relatively old trend in the market, it is being extended towards the newer products in the market. With changing lifestyles, consumer needs are evolving toward multifunctionality in various personal care product categories.

Competitive Landscape

The global Cosmetic Antioxidants Market is consolidated with the presence of numerous global, regional, and local players, with prominent players holding the majority share of the market. Some prominent players include BASF SE, Koninklijke DSM N.V., Wacker Chemie AG, Eastman Chemical Company, Lonza Group, Croda International Plc, Ashland Global Holdings, Evonik Industries AG, Kemin Industries, Inc., and Barentz International BV, amongst others. Manufacturers focus mainly on acquisitions, jointventures, and partnerships with key stakeholders to gain a competitive advantage over other players.Furthermore, producers are increasingly focusing on a strategic alliance with stakeholders, new product development,and expansion of production capacities to gain a maximum share of the global market. Moreover, due to the coronavirus outbreak globally, theglobal market has witnessed a decline in demand.

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Segmentation

By Source

This segment has been further segmented into natural and synthetic.

The synthetic segment accounts for the largest market andis expected to witness healthygrowth during the forecast period owing to its growing usage of synthetic antioxidants globally, and low cost of raw material and production compared to natural antioxidants.

The naturalsegment is expected to witness the fastest growth during the forecast period in terms of value. This growth is attributed to the increased demand for natural products in the cosmetic and personal care industry and increasing consumer inclination towards natural products.

By Type

This segment has been further bifurcatedintovitamins, carotenoids, polyphenols, enzymes, and others.

The vitamin segment accounted for the largest market and is expected to record the fastest growth during the forecast period, which is mainly attributed to the health benefits offered by vitamins to the skin and hair.

The carotenoid segmentis expected to witness healthy growth during the forecast period due to its growing usage in anti-aging products. It enhances the appearance of dry or damaged skin by reducing flaking and restoring suppleness.

Polyphenols are highly preferred due to their growing usage as anti-inflammatory, anti-aging, antimicrobial, and supporting activity in solar photoprotection.

Enzymesare highly used in the cosmetic and personal care industry for resurfacing and skin smoothing.

Other segment includesproducts such as butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), retinol, tert-butylhydroquinone (TBHQ), and propyl gallate (PG), among others.

By Application

This segment has been further divided into skin care, hair care, and makeup.

The skin care segmentholds the largest share of the global cosmetic antioxidants market owing to the increased demand for cosmetic antioxidants in skin care products such as moisturizers, sun-screen lotions, anti-aging products, etc.

The haircare segmentis expected to witness significant growth in the global cosmetic antioxidants market owing to its growingapplication in hair conditioners, shampoos, hair cleansing products, etc.

The makeupsegment includes applications such as foundation, lipsticks, fragrances, etc.

By Region

North America:Market growthisdriven bythe presence of a large-scale cosmetic and personal care industry, an aging population, and increasing awareness among consumers about self-care.

Europe: Established cosmetic industry and strong foothold of leading manufacturers are driving the market in the region.

Asia-Pacific: This is the largestandfastest-growingregionalmarket owing to the rising cosmetic and personal care industry, increasing government investments, and emerging economies such as India, China, and Thailand.

Latin America:The growing demand is due to the growing personal care and cosmetic industry in the region, especially in Mexico and Argentina.

Middle East & Africa:High level of disposable incomes, increase in affinity for cosmetics among the youth population, and significant spending on mass and premium cosmeticsare fuelingthedemand for Cosmetic Antioxidantsin the region.

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#Cosmetic Antioxidants Market

Magnetite Nanoparticles Market - Strategic recommendations, Trends, Segmentation, Use case Analysis, Competitive Intelligence, Global and Regional Forecast to 2027

Market Synopsis

According to MRFR analysis, the global magnetite nanoparticles market size is expected to reach over USD 112.43million by the end of 2027at a CAGR of 10.9%.

Magnetite nanoparticles—synthesized from magnetite (Fe3O4) iron ore—exhibit super magnetic property at ambient temperatures. These nanomaterials are witnessing growing interest from the biomedical research sector due to their biocompatibility and their super magnetic properties. Scientists have undertaken various research activities to explore the potential application of magnetic nanoparticles in cancer treatment, microfluidics, in vivo imaging, and drug delivery. Furthermore, the possible use of magnetic nanoparticles to improve data storage systems in the electronics industry is expected to boost the product demand over the forecast period.

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Segmentation

By Application

This segment is divided into bio-medical, electronics, wastewater treatment, and others.

Bio-medical: Bio-medical application segment is expected to progress at the fastest growth rate over the forecast period. Growing research activities in the bio-medical sector to explore the potential use of magnetite nanoparticles in cancer treatment and drug delivery applications is projected to be the primary factor in boosting the segment growth.

Electronics: The electronics segment is expected to account for a significant share in the global magnetite nanoparticles market by 2027.The growing product adoption in the nanoelectronics industry as nanowires, spintronics, and quantum dots isanticipated to drive the growth of this segment.

Wastewater treatment: The wastewater treatment segment is expected to grow significantly over the forecast period. The growing adoption of magnetite nanoparticles in high gradient magnetic separation (HGMS) techniques for wastewater treatment is projected to drive the segment growth.

Others: The other segment consists of energy and chemical processing, among others.

By Region

North America: The North American magnetite nanoparticles market is being driven by rising product demand for research applications from its well-established bio-medical research industry.

Europe: Europe is projected to grow at a significant pace on account of increasing financial support to nanomaterials research activities within the region.

Asia-Pacific: Asia-Pacific is anticipated to emerge as the fastest growing market by 2017. The potential adoption of magnetite nanoparticles in the region’s well established electronics industry is expected to be one of the major factors driving the regional market.

Latin America: Significant investments in nanotechnology research activities are anticipated to provide a major boost to the product demand.

Middle East & Africa: Growing adoption of MRI imaging is projected to provide a major boost to the demand for magnetite nanoparticles within the region.

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Glycoprotein Market Report Size, Price Trend, Global Share, Top Industry Leaders, Growth Opportunity, Development and Regional Analysis 2027

Market Synopsis

According to the MRFR analysis, the global Glycoprotein Market size was valued at around USD 350 million in 2020 and is expected to reach over USD 500 million by the end of 2028 at a CAGR of 2.6%.

The growth in the usage of glycoprotein is attributed to the continuous use of these in the medical and pharmaceutical industries as they play an important role in physiological events such as cell-cell recognition, signal transduction, inflammation, and tumorigenesis.Furthermore, the increasing application of glycoprotein for research institutes is expected to further fuel the growth of glycoprotein market during the forecast period.

Segmentation

By Product Type

N-linked: The N-linked segment is expected to be the fastest growing segmentdue to the increasing demand from the research and medical sectors in the coming years. They provide structural components to the cell wall and extracellular matrix, modify protein properties such as stability and solubility, and mediate cell signaling. Therefore, the N-linked market is expected to gain major traction for the global market in the forecast period.

O-Linked: The O-linked segment held the largest market share of over 50% in 2020and is expected to dominate the market during the forecast period. This is attributed to the increasing demand for various pharmaceutical applications; for instance, it improves immune response, protects against invading microbes, and facilitates fertilization. Thus, these applications are expected to enable the segment to capture a major market share during the forecast period.

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By Application

Hospital: This segment is expected to dominate the market throughout the forecast period. The application of glycoprotein in medical has helped the manufacturers to make large production over the last couple of years. This segment due to covid-19 is expected to have even more share than the historic period.

Research Institutes: This is the fastest growing segment owing to theincreasingfocus of research institutes on creating better binders and protein activity; this is expected to propel the growth of glycoprotein market during the review period.

Others: The others segment include pharmaceuticals and food industry.

By Region

North America: The largest and fastest-growing regional market.

Europe: A well-established medical and pharmaceuticalmarket.

Asia-Pacific: Market growth is driven by the demand from medical and research industry.

Latin America: Rapid growth ofpharmaceutical manufacturing plants is fueling the demand for glycoprotein in Latin America.

Middle East & Africa: Growing demand from the medical industriesand investment in pharmaceutical development of the region is fueling the demand of the glycoprotein in the region.

Pricing Analysis

In 2020, glycoprotein was priced around USD 123.5 to 134.8 per unit across the globe. In the same year, the price of N-linked varied from USD 118.8 to 127.6 per unit. The price ofglycoprotein is expected to witness a gradual rise with a range from USD 131.8 to 142.6per unit by2028. This change in price is expected to be influenced by the availability and pricing of raw materials and growing demand, which is expected to stream-up during the forecast period.

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#Glycoprotein Market

Intumescent Coatings Market 2017: Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2027

Market Forecast

The global Intumescent Coatings Market size was valued at around USD 935 million in 2019 and is expected to register a CAGR of over 4% from 2020 to 2027.

Intumescent coatingsarelayers of protective substance that work by chemical reaction generated by heat, resulting in swelling and formation of an insulating layer on the surface, with or without the release of water. They act as a protective barrier for substrates against fire to provide rescue and evacuation time in the event of a fire.

Segmentation

By Technology

This segment is classified into water-based, solvent-based, and epoxy-based.

The water-based intumescent coatings emerged as the fastest growing and leading segment on account of benefits such as low cost and low VOC contents.

Solvent-based coatings are made up of liquefying agents that evaporate via a chemical reaction with oxygen. These coatings have one significant advantage over water-based coatings, which is less susceptibility to environmental conditions such as temperature and humidity during the curing phase.

Epoxy intumescent coatings are widely used for fire protection and offer versatility, durability, attractiveness, low thickness, and lightweightedness. These coatings are used extensively in the petrochemical, offshore and marine markets.

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By End Use

This segment is classified into building & construction, oil & gas, automotive & transportation, aerospace, and others.

There is an increasing demand for flame retardants in the building and construction industrydue to rapid industrialization and urbanization across the globe. Emerging countries such as China, India, Thailand, Brazil, etc. invest high amounts in infrastructural development to promote intumescent coatings.

Expanding oil & gas exploration projects in line with the rising demand for energy boosts up the demand for intumescent coatings globally.

In automotive & transportation, intumescent coatings are applied under the hood and car bottoms. There is an increased production and sales of automobiles owing to improved economic conditions of the consumers.

They are used on various components in the aircraft industry, including aviation fuel pumps, hydraulic landing gear parts, interior cabin parts, and engine nacelles.

The others segment includes mining, electrical & electronics, etc.

By Application

This segment is bifurcated into hydrocarbon and cellulosic.

Hydrocarbon intumescent coatings reduce fire risk caused by oil & gas leaks because of their high thermal stability and chemical resistance. These coatings form an insulating char in the event of a fire breakout and protect the steel framework from getting too hot, which reduces the spread of fire.

Cellulosic intumescent coatings are used in the construction industry to protect the uncovered steel structures and facilitate escaping at the time of fire accidents by providing heat-resistant layers.

By Region

North America: Market growth is driven by the presence of a large industrial basein the region. Expanding end-use industries, especially aerospace & defense, building & construction, and the energy sector isthe key factor driving the market growth.

Europe: European region is a well-established market. Increasing demand for intumescent coatings across major end-use industries is expected to propel the market growth. The expanding aerospace andautomotive industry in the region is the key factor driving the demand for intumescent coatings in the region.

Asia-Pacific: This emerged as the fastest-growing region due to the fast-paced industrialization and urbanization in India, Thailand, and South Korea.

Latin America:Rapid industrialization in countries such as Brazil and Mexico is projected to drive market growth during the assessment period.

Middle East & Africa: The presence of large-scale oil reservoirs and infrastructural hubs in the region promotes the demand for intumescent coatings in the global market.

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Regulatory Framework

The US regulation NFPA 251 standards specify tests to check fire resistance of the oil & gas and construction industry materials to provide fire safety. There are various other regulations in Europe for intumescent coatings.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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#Intumescent Coatings Market

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