Flock Coating Market Comprehensive Evaluation and Analysis By 2025

Flock is a mixture of asbestos fiber and/or adhesives and resins sprayed on a surface at high/low pressure as insulation or to create esthetic value of a product. Flock coating or flocking is a process of depositing many small fiber particles (called flock) onto a surface. Flocking can also be defined as the application of fine particles to adhesive-coated surfaces. Flock consists of synthetic fibers that look similar to tiny hairs. Flock print feels somewhat velvet and a bit elevated. The length of the fibers can vary in thickness. This co-determines the appearance of the flocked product. Thin fibers produce a soft velvety surface, while thicker fibers produce a more bristle-like surface. Flocking of an article can be performed for the purpose of increasing its value in terms of the tactile sensation, esthetics, color, and appearance. It can also be performed for functional reasons including insulation, slip-or-grip friction, and low reflectivity. The flock coating method reduces reflectivity of surfaces. It is also used to produce light tight spaces, especially in the photography industry.

Flocking can expose workers to small nylon particulates, which can cause a type of interstitial lung disease when inhaled. Other hazardous chemical exposure in the flocking industry can include acrylic adhesives, ammonium ether of potato starch, heat transfer oil, tannic acid, and zeolite.

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Flock Coating Market: Dynamics & Trends

Besides the application of velvety coatings to surfaces and objects, various other flocking techniques can be used in color and product design. They range from screen printing to modern digital printing in order to refine fabrics, clothes, or books by multicolor patterns. Currently, the exploration of the flock phenomenon can be seen in fine arts. Finely cut natural or synthetic fibers are used in most of flocking carried out worldwide. Flocked finish imparts a decorative and/or functional characteristic to the surface. The variety of materials that are applied to numerous surfaces through different flocking methods create a wide range of end products.

The flocking process is used on items ranging from retail consumer goods to products with high technology military applications. In the textile industry, flock is currently in fashion with many apparel designers and decorators. Nowadays, flocking is done by the application of a high voltage electric field. In a flocking machine, the “flock” is given a negative charge while the substrate is earthed. Flock material flies vertically onto the substrate, attaching to the previously applied glue. A number of different substrates can be flocked including textiles, fabric, woven fabric, paper, PVC, sponge, toys, and automotive plastic.

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Flock Coating Market: Segmentation

Based on application, the flock coating market can be divided into automobiles, textiles, leather & upholstery, packaging industry, and others. In terms of technology, the flock coating market can be segregated into ultra-violet cured mask, radiation cured mask, and thermal cured mask. In terms of region, the flock coating market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Flock Coating Market: Region-wise Outlook

Globally, the market for flock coating has been expanding. The market has been expanding at a rapid pace in Asia Pacific, especially in India, Bangladesh, Sri Lanka, and China. Appreciable growth is also expected in Middle East & Africa owing to the economic development in the region and high demand for electronic products, textiles, automobiles and plastics.

Flock Coating Market: Key Players

Key players operating in the flock coating market include Alpha Coatings, Flock It! Ltd., GP Asbestos, and International Coatings Company.

Hardwood Market Flourishing In Asia Pacific, Mainly Due To Need For Wood Flooring In China By 2025

Hardwood is the timber obtained from dicot angiosperm trees. Most common dicot angiosperm trees used for obtaining hardwood are ash, cherry, maple, oak, birch, and poplar. A major difference between soft wood and hard wood is the presence of pores or vessels of distinguished shapes & sizes in the latter and the distinct structure of its cell wall. Hardwood is observed to display a conspicuously wide variety of characteristics, mainly due to the presence of different hardwood in the market, each with its own distinctive features.

Hardwood is available in textures and colors of varying degrees depending on the tree from which it has been obtained. The weight of hardwood also differs based again on its source. For example, hardwood obtained from the balsa tree is flexible and light, whereas that obtained from mahogany is comparatively dense.

Hardwood Market: Trends

In recent times, hardwood has been used in a range of applications such as furniture, decorative articles, building & construction, and interior & outdoor structures. Its other uses include craft material, firewood boilers, and decorative articles.

Hardwood is extensively employed in flooring and furniture. It is not just a useful material but also attractive in the aesthetic sense. Hardwood is easy to maintain and does not require special measures to be kept clean. Another positive aspect is its ability to retain heat and keep a room insulated even in cold weather conditions.

The increasing demand for wood flooring are important factors driving this market. Its distinct properties make it a suitable material to be used in furniture as well as flooring.

However, the usage of hardwood in different applications is linked to a number of environmental concerns. Hardwood is obtained from valuable species of flora which are almost on the verge of extinction. The limited availability of tress also leads to a surge in its price. The scope of using hardwood flooring is limited only in dry areas of the house such as living rooms and bed rooms. Since, hardwood is not waterproof, it can’t be used in areas such as bathroom, basement or kitchen.

Cheaper alternatives for hardwood are being chosen these days, primarily due to its low rate of availability and high cost. Keeping its benefits in mind, the market is expected to experience moderate growth during the forecast period as well as in the future, as wood floorings are used exclusively in historic buildings and not on a domestic level.

Hardwood Market: Region-wise Outlook

The market for hardwood is flourishing in Asia Pacific, mainly due to the need for wood flooring in China. North America is next in terms of demand for hardwood-based furniture, which was considerably high in Canada and the southern part of U.S., which boosted the overall market in this region. The market here is in its developmental stage and likely to expand further in the future as well.

The development of the hardwood market is moderate in Europe and anticipated to remain constant in the future as well. Among all of its varieties, demand for oak was comparatively high in Europe. Middle East & Africa exhibited considerable growth in its requirement of hardwood furniture. The market is comparatively less developed in Latin America mainly due to the limited demand for hardwood products.

Hardwood Market: Key Players

Key players operating in the market for hardwood include Appalachian Hardwood Manufacturers Inc., Mullican Flooring, A & M Wood Specialty, Armstrong Flooring, and Somerset Hardwood Flooring.

Hot Melt Adhesives Market: Robust Growth of Construction and Packaging Industries to Trigger Demand, TMR

The global hot melt adhesives market features a highly fragmented competitive landscape due to the presence of numerous small- and medium-sized enterprises. In a new study, Transparency Market Research (TMR) found out that the top six players in 2015 accounted for a cumulative share of 75% in the overall market. These players were Jowat SE, H.B. Fuller, Henkel, DOW Corning Corp., 3M Co., and Sika AG. “These players are focusing towards their exports capacities in order to increase their geographical outreach across developed as well as emerging nations, which is likely to intensify competition in the near future,” says TMR’s lead analyst.

As per the findings of the report, the opportunity in the global hot melt adhesives market was pegged at US$6.00 bn in 2015 and is expected to rise at a CAGR of 5.20% between 2016 and 2024, reaching US$9.44 bn by 2024.

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Europe to Maintain Leadership through 2024

On the basis of end users, the packaging industry will continue to be the leading revenue contributor in the global hot melt adhesives market until 2024. The construction sector will also be a promising end user during the review period. Geographically, Europe will command the lion’s share in the market throughout the forecast horizon. Asia Pacific, on the other hand, will post a CAGR higher than any other region. The growth of the region can be attributed to the rising demand for high-quality packaging of consumer goods and food and beverages.

Favorable Government Regulations to Escalate Adoption of Hot Melt Adhesives

The extensive application of hot melt adhesives in the packaging, construction, and electronics industries stimulating the growth of the market. “Therefore, the flourishing growth of these industries is reflecting positively on the sales of these adhesives,” says a TMR analyst. In addition, developing countries such as India, China, Brazil, and Indonesia are high-profit destinations of key players owing to the increasing construction spending and widening packaging applications in the food and beverages sector.

These adhesives are said to be safe for human use, environment friendly, and VOC-free thermoplastics, which are suitable for production, storage, and transportation. Owing to these properties, governments worldwide are encouraging their usage through favorable policies, thereby stoking the growth of the market.

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Volatile Crude Prices to Keep Market from Realizing Utmost Potential

The turbulence in prices of crude oil is adversely affecting the overall revenue generation of the global hot melt adhesives market. This is further compounded by the abundant availability of alternatives. Moreover, manufacturers have to comply with stringent regulations, particularly in developed countries, which renders the pace of development of the market sluggish. Nevertheless, the spiraling demand for hot melt adhesives in various end-use industries is making way for technological advancements, which is likely to provide significant impetus to the market in the near future. Furthermore, the soaring demand for polyolefin based adhesives is creating ample growth opportunities for the global hot melt adhesives market.

The study presented here is based on a report by Transparency Market Research (TMR), titled “Hot Melt Adhesives Market (Product Type – Ethylene Vinyl Acetate, Polyolefin (APAO and Metallocene based POE), Polyamide, Polyurethane, and Styrene Block Copolymers; End User – Packaging, Construction, Non-woven, Book Binding and Paper Binding, Furniture, Footwear, and Electronics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Dipropylene Glycol Market Major Geographies, Current Market Trends 2020

Dipropylene glycol is typically a colorless, odorless liquid which possesses moderate viscosity. Dipropylene glycol has low volatility and is totally soluble in water. Dipropylene glycol is hygroscopic i.e. it attracts water from atmosphere. A distinctive feature of dipropylene glycol as compared to other types of glycols is its wider range of solvency. Particularly, the ability of dipropylene glycol to solubilize oil such as castor oil makes dipropylene glycol highly useful for a wide range of applications.

The two main grades of dipropylene glycol include regular grade and a high purity grade having low odor. The typical applications of regular grade dipropylene glycol include urethanes and paints and coatings while the major applications of high purity grade of dipropylene glycol include cosmetics, fragrance and personal care. The growing demand for dipropylene glycol from all such applications is expected to drive the global dipropylene glycol market in the next few years.

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The regular grade dipropylene glycol is mainly used as a reactive intermediate in the production of polyurethanes, high-performance unsaturated polyester resins and plasticizers. The regular grade dipropylene glycol peculiarly has high solvency, low toxicity, low evaporation rate, low odor and high viscosity, ultimately making it a widely preferred chemical intermediate in a variety of applications.

The major applications of regular grade dipropylene glycol include high-volume plasticizer, as a reactant in unsaturated polyurethane resins, addition of hydrolytic stability and flexibility, as an initiator in urethane polyols and as a polyol in certain rigid polyurethane systems, as reactive diluents in radiation cured resins and coatings, for cutting viscosity and allowing easier application. The other uses of regular grade dipropylene glycol mainly comprise hydraulic brake fluids, textile lubricants, cutting oils, printing inks, industrial soaps, coatings and solvents for chemicals used in agricultural applications such as insecticides.

The high-purity grade dipropylene glycol is specifically designed for odor-sensitive applications including fragrances and cosmetics. The high-purity grade dipropylene glycol is mainly a distilled product which has purity more than 99.5% as dipropylene glycol and is a liquid which is colorless, odorless, hygroscopic and water-soluble. The high-purity grade dipropylene glycol offers exceptional co-solvency for oils, water and hydrocarbons, has low skin irritation potential and minimal odor and possesses low toxicity with consistent isomer distribution.

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All these properties make high-purity grade dipropylene glycol an ideal choice in applications such as skin care products including lotions, creams and sun-care products, perfumes and colognes, deodorants or antiperspirants including roll-on and stick deodorants, shower and bath products, hair care products including conditioners, shampoos, coloring and styling products and shaving products including foams, creams, gels and after-shave lotions.

The developing economies in Asia Pacific region are expected to be the fastest growing market for dipropylene glycol in the next few years primarily due to growing demand for dipropylene glycol used in plasticizers and in polyurethane resins. Additionally, the demand for dipropylene glycol for textile lubricants is further anticipated to aggravate in India and China considering their extensive growth in textile chemical industry.

Moreover, the considerable growth in industrialization in these countries thereby increases demand for dipropylene glycol in printing inks, automotive industry and several other end-user industries. In addition to this, the developed regions across the U.S. and European countries are progressively recovering from the sluggish economic conditions and further boosting the global demand for dipropylene glycol. Considering this outlook, the demand for dipropylene glycol application products is expected to record an outstanding growth in the next few years.

Some of the major companies functioning in dipropylene glycol are Shell Global, LyondellBasell, The Dow Chemical Company, Huntsman Corporation, Dupont Tate & Lyle Bio Products LLC, Manali Petrochemicals Limited.

Niclosamide Market Overview, Dynamics and Trends, Segmentation, Key Players 2024

Niclosamide, belonging to the salicylanilide anti-helminthic class of medicines, is a dose-dependent low micro-molar inhibitor of the human rhinovirus. This prescription drug is used in the treatment of tapeworm infections. It works by eliminating the tapeworms. The infection of Taenia solium (called taeniasis/cysticercosis) occurs via contaminated food or water and creates major health problems. The T. solium infected over 50 million individuals worldwide in 2015. This infection causes epilepsy of liver and as per the World Health Organization, more than 80% of the patients affected by epilepsy lived in low and middle income countries. In 2015, China, India, Brazil, Mexico, and parts of Africa experienced an endemic situation in terms of T. solium infection. Several preclinical trial studies have been taking place to ensure the efficacy of niclosamide for the treatment of other infections such as methicillin-resistant Staphylococcus aureus and Zika virus. The drug is also used for veterinary purposes.

Unmet medical needs in the field of Zika treatment and focus on reducing tapeworm infections present significant opportunities for the global niclosamide market. Increasing collaborations among major market players and research institutes to study different treatment regimens using niclosamide drive the market as well. However, the rising number of regional/local generic entrants in the treatment of worm infection is expected to lead to the fragmentation of the global niclosamide market. Adoption of better health care facilities, awareness regarding treatment of worm infections, and government initiatives for proper hygiene and cleanliness are likely to propel the market in developing countries.

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The global niclosamide market has been divided on the basis of product type into the following segments: 95% niclosamide, 96%–98% niclosamide, and 99% niclosamide. Based on application, the market has been bifurcated into the human use and animal use categories. In terms of dosage form, the market is classified into the following groups: tablets, suspension, and others, of which tablets are projected to hold a significant market share owing to factors such as ease of drug administration, simplicity in manufacturing, and better overall medicinal stability. By end-user, the global niclosamide market is split into the following divisions: hospitals, specialty clinics, veterinary clinics, and others.

Geographically, the market is distributed over five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to exhibit a high growth rate due to the widespread incidence of tapeworm infections, growing awareness about better health care facilities, and the significant number of regional / local manufacturers in the region. North America is predicted to dominate the global niclosamide market due to the high cost of therapy, substantial research initiatives for the efficacy studies of niclosamide for the treatment of different targets, and the high per capita health expenditure.

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Several generic entrants are entering the market. Significant penetration of regional players owing to their wide network of distribution channels and affordable pricing is the trend observed in the global niclosamide market. Ongoing research for the product’s efficacy testing for diverse pathogenic targets is estimated to provide treatment opportunities for other viral infections, thereby steering the market. The prevalence of T. solium is greater in low and middle income countries. Therefore, rising demand for affordable medicines is likely to drive the global niclosamide market, besides the availability of other advanced treatment options or therapeutics for the same infections.

Key players in the global niclosamide market include Bayer AG, Taj Pharmaceuticals Limited., D. H. Organics, Shaanxi Hanjiang Pharmaceutical Group Co., Ltd., Prudence Pharma Chem, FULLLONGCHEM CORP, Hubei Prosperity Galaxy Chemical Co., Ltd., and Inner Mongolia Huatian Pharmaceutical Co., Ltd.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Ethylene Market: Extensive Use of Polyethylene in Making Packaging Products to Bolster Uptake, TMR

Global ethylene market (Industry) was valued at US$ 156.0 Billion in 2013 and is projected to reach US$ 234.2 Bn by 2020, expanding at a CAGR of 6.0% from 2014 to 2020.

Aromatic Solvents Market: Rising Demand for Adhesives and Sealants in Automotive Sector to Bolster Uptake, TMR

The aromatic solvents market is fairly fragmented with few manufacturers exhibiting a marked degree of integration in the first stage of the industry value chain, observes Transparency Market Research (TMR). Key players operating in the aromatic solvents market include Eastman Chemical Company, Celanese Corporation, LyondellBasell, BASF SE, Chevron Phillips Chemical Company, Exxon Mobil Corporation, Honeywell UOP, and Royal Dutch Shell plc.

The global aromatic solvents market was valued at US$6.18 billion in 2014 and is projected to expand at a 4.2% CAGR from 2015 to 2023. Growing at this pace, the valuation of the market is anticipated to reach US$7.76 billion by the end of the forecast period.

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Asia Pacific to Offer Abundant Opportunities for Manufacturers to Capitalize on

Geographically, the aromatic solvents market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Of these, Asia Pacific accounted for the major share in 2014, in terms of volume, and the regional market is projected to rise at a spectacular CAGR during the forecast period. The dominance of the regional market is attributed to the rapid growth of the chemicals industry.

The major product segments are benzene, toluene, xylene, and solvent naphtha. Of these, the toluene segment accounted for the major market share in 2014. The demand for toluene is primarily driven by its substantial applications in various industries such as adhesives, paints and coatings, inks, and pharmaceuticals.

Extensive Application of Aromatic Compounds in Paints and Coatings Industry

The aromatic solvents market is primarily driven by the extensive applications of various product segments in the paints and coating industry. The significant rate of solvency of aromatic solvents has popularized their applications in a number of end-use industries such as automotive, pharmaceuticals, and oilfield chemicals. The extensive application of various aromatic compounds in the paints and coatings industry to speed up the drying process. In addition, these compounds dissolve or disperse a variety of components such as additives, binders, extenders, and pigments, and help in the formation of a homogeneous solution. Hence, they are used by manufacturers in the formulation of paints and coatings, which is a crucial factor boosting the uptake of aromatic solvents.

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The growing number of use of aromatic compounds in the pharmaceutical and oilfield industries is anticipated to accentuate the market in the coming years. The substantial use of xylene in synthesis of several active pharmaceutical ingredients and in the cleaning of pharmaceutical equipment is anticipated to boost the market. In addition, the use of aromatic solvents in various drug formulation process is expected to catalyze the market growth.

The extensive application of aromatic solvents as excellent corrosion inhibitors in the oil and gas industry is further expected to boost the market. However, stringent environmental norms and regulations related to VOC (volatile organic compounds emission) and a gradual industrial shift toward the adoption of non-aromatic solvents are crucial factors likely to hinder the market to an extent. Nevertheless, the burgeoning demand for adhesives and sealants in the automotive sector has boosted the use of aromatic compounds is expected to catalyze the market world over.

Carboxylic Acids Market: Extensive Applications in Manufacturing of Lubricants and Agrochemicals to Catalyze Growth, TMR

Global carboxylic acids market was valued at US$ 12.14 Bn in 2014 and is anticipated to reach US$ 18.49 Bn by 2023, expanding at a CAGR of 4.9% between 2015 and 2023.

Intumescent Coatings Market: Rise in Construction Activities Worldwide and Demand for Improved Fire Safety to Fuel Growth, TMR

The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units.

While expanding operations across emerging nations has become a mainstay strategy, they are also exploring opportunities via strategic collaborations and joint ventures. However, such persisting efforts to gain edge over rivals has made the prevailing competition in the global intumescent coatings market even fiercer.

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The strategies adopted by the players have a profound impact on the overall intumescent coatings market, which according to TMR will exhibit a CAGR of 7.0% between 2016 and 2024. At this pace, the market is expected to reach US$675.6 mn by the end of 2024, from its valuation of US$372.9 mn in 2015.

Among the segments in terms of application, the building and construction sector has exhibited the highest demand for intumescent coatings. While the segment will remain at the market’s fore through the forecast period, the oil and gas industry will emerge as a key consumer during this time as well. Regionally, Asia Pacific emerged dominant with a share of 40% in the global intumescent coatings market in 2015. Against the backdrop of rising construction activities across emerging nations, the demand for intumescent coatings will continue pacing up through the forecast period in 2015. China will leading the intumescent coatings market in Asia Pacific. Besides this, the market is likely to witness lucrative opportunities in Japan and India over the forthcoming years.

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Expansion in Building and Construction Industry Fuels Demand for Intumescent Coatings

The global intumescent coatings market is chiefly driven by the expansion of the building and construction industry worldwide. Besides this, the soaring population and urbanization witnessed especially in developing nations have enabled the market exhibit strong growth over the last few years. Safety of buildings from unforeseen hazards such as fire and excessive heat is the chief concern among consumers. Capitalizing on this, contractors are adopting intumescent coatings, since they foster greater strength and stretch the longevity of structural steel, thereby preventing the building from collapsing. In addition, implementation of stringent norms by government intended at improving fire safety across buildings will act as a key market driver.

Scarcity in Supply of Raw Materials to Emerge as Key Restraint

On the downside, the scarcity of titanium oxide will pose threat to the market. Also bottlenecks in supply dynamics of raw materials will emerge as a key hindrance in the coming years. Nevertheless the rising application in steel, chemical, and petrochemical sector will give impetus to the market in the near future. Intumescent coatings offer excellent fireproofing, which is why their demand in business operations that are exposed to elevated temperature is considerably high. On the back of these factors, the global intumescent coatings market will continue exhibiting a positive trajectory through the report’s forecast period.

This review is based on a TMR report, titled “Intumescent Coatings Market (Resin Type – Acrylic, Epoxy, and Polyurethane; Fire Type – Cellulosic and Hydrocarbon; Technology – Water-based, Solvent-based, and Powder-based; Application – Building & Construction, Oil & Gas, Transportation, and Consumer Electronics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

Wind Turbine Operations and Maintenance Market Grows on Back of Increasing Generator Assembly and Gearbox Failures

The global wind turbine operations and maintenance (O&M) market has been foreseen to be pampered by a growth bolstered by the surging uptake of wind facilities by electric utility companies to gain full advantage of federal production tax credit. Appalachian Power has planned to acquire the Hardin Wind Facility and Beech Ridge II Wind Facility in Hardin and Greenbrier Counties respectively. The utility has said it could benefit from the acquisition of these wind farms while enjoying a reduced dependability on outside energy purchases and profiting from tax credits.

With increasing investment in wind farms, the need for operating and maintaining wind turbines is also expected to rise in the coming years. According to a latest report penned by Transparency Market Research (TMR), the global wind turbine O&M market could earn a valuation of US$20.6 bn by the end of 2023 at an 8.8% CAGR during the forecast period 2015–2023.

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Which Factors could Favor Demand despite Challenges in Market?

The demand in the world wind turbine O&M market is prophesied to be sustained by the mounting count of incidences of generator assembly and gearbox failures and wind turbines reaching their expiration age. Another factor deemed significant for the growth in the demand for wind turbine O&M services could be the augmented presence of private investors and financial organizations in the market as owners of wind farms. Even though high logistics cost and absence of skilled workers are projected to impede the growth of wind turbine O&M services in the industry, the market could rise further on the back of tax credits and other government benefits and labor training solutions.

How will Offshore Application Fare against Stronger Onshore Application?

The dominance of the onshore application in the wind turbine O&M market is pretty evident in the recent era of wind farms. Furthermore, experienced analysts envisage the onshore market to continue grabbing a larger share until the next few years. In the past, onshore application had earned a more than 90.0% share in the market. Nevertheless, industry players could be eying the speedy growth of offshore application in the market due to the servicing complexity of offshore wind turbines and their elevating count. Besides this, the snowballing share of offshore turbines in the wind energy assortment is anticipated to boost the growth of offshore application.

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Seconded by Asia Pacific, the Rest of the World market for wind turbine O&M could attain a faster growth. However, the larger share of Europe achieved in the recent past cannot be ignored. Among the important players in the worldwide wind turbine O&M market, Xinjiang Goldwind Science & Technology Co. Ltd., Nordex SE, GE Wind Energy, Gamesa Corporación Tecnológica, and Enercon GmbH are forecasted to take a leading position.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Need for Clean Fuel Driving Growth of Hydrogen Generators Market Research By 2024

Hydrogen is used for numerous applications such as chemical processing, metal production, petroleum recovery, and refining to fuel cells. However, ammonia production and petroleum recovery remain key markets for hydrogen. This is creating a high demand for hydrogen generator.

The global transportation industry is thriving and this is anticipated to fuel the growth of the hydrogen generators market, since transportation is one of the key markets for hydrogen. According to a report published by Transparency Market Research (TMR), the global hydrogen generator market is anticipated to rise from US$792.44 mn in 2015 to US$1,255.76 mn by 2024, expanding at a CAGR of 5.25% between 2016 and 2024.

What are the factors driving the growth of the global hydrogen generator market?

Hydrogen demand is increasing across the globe as the need for clean fuel is increasing on account of strict emission regulations. Hydrogen is being increasingly accepted as a clean fuel as compared to fossil fuels. The growing use of hydrogen in chemical sector, refineries, and oil and gas sectors will further fuel the growth of the market. Hydrogen is also used in the food and beverage industry to get rid of bacteria and viruses, which will push the growth of the market.

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Growing fuel cell demand for residential, automotive, and commercial sectors on account of environmental friendly features will ensure a growth of the global hydrogen generator market. The high sale of electric vehicles will also create a high demand for hydrogen and thus drive the hydrogen generator market. The need to reduce dependence on fossil fuel will also help drive the growth of the global hydrogen generator market.

What are the challenges faced by the global hydrogen generator market?

The lack of storage facility will pose a challenge for the growth of the market. There lies increased risk of transportation of hydrogen and this will also pose a challenge for the hydrogen generator market. In addition to this, the high price of hydrogen as compared to fossil fuels will restrict the growth of the market. Distribution is another challenge that will hamper the growth of the market. On a positive side, the high operational reliability of hydrogen generators will create growth opportunities in the market. The investments in transportation, distribution, storage, and production methods will also drive the growth prospects of the market.

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What are the growth opportunities in the market?

The category and flow rate segments will drive the growth of the market. The growing applications of fuel cells are estimated to drive the demand for on-site hydrogen generators. The growing preference for small sized hydrogen generators has become a trend in the industry. On account of the low installation and operation costs, hydrogen generators will be considered increasingly. Low energy consumption is a factor which is increasing the preference for electrolysis process based hydrogen generators for large scale production as opposed to steam reformers process based hydrogen generators.

Energy Management Systems Market Driven by Rising Awareness of Operational Benefits By 2024

Energy management systems are digital monitoring systems that keep track of the total energy consumption in a given complex. The global energy management systems market has been driven in recent years primarily by the rising acknowledgment of the risk posed by the growing pollution. The accountability provided by the use of energy management systems has become vital for players in several industries. The global energy management systems market is likely to exhibit steady growth in the coming years thanks to the rising awareness in the industrial sector about its contribution to global pollution levels.

According to Transparency Market Research (TMR), the global energy management systems market is expected to exhibit a robust CAGR of 13.4% between 2015 and 2023. The energy management systems market is thus likely to reach a valuation of US$36 bn by 2024.

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Rising Awareness of Operational Benefits Drives Demand

In spite of the growing awareness regarding the adverse impact of human activities on the environment, the industrial sector has been slow in adopting energy management systems on a large scale. The scenario has changed in recent years in favor of the global energy management systems market, as more players are becoming aware of the operational benefits presented by energy management systems to their own workflow. The global energy management systems market has thus been driven by the rising demand from players looking to gain a competitive edge by maximizing their operational efficiency.

Rising government support to environmental initiatives has also been key for the global energy management systems market in recent years. Due to the adverse effects of environmental pollution on the economy as well as human health, an increasing number of countries have adopted regulatory frameworks supportive towards the energy management systems market. The increasing government support to the development of renewable energy resources is also vital for the global energy management systems market.

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Asia Pacific Likely to Remain Lucrative Regional Segment

Regionally, the global energy management systems market is dominated by Asia Pacific. The rapid industrialization in dynamic economies in the region such as China and India is likely to remain a key driver for the energy management systems market in the coming years. The pace of industrialization in these countries has been boosted by consistent urbanization in order to fulfill the needs of an increasing population. Measures to maximize the efficiency of power consumption are thus likely to remain popular in these countries in the coming years, leading to strong prospects for the global energy management systems market.

Competitively, the global energy management systems market is considerably consolidated and features leading players such as Johnson Controls Inc., Siemens AG, and Schneider Electric SE. These three players accounted for a majority share in the global energy management systems market in 2014 and are likely to retain similar dominance through the forecast period. However, smaller energy management system market players could achieve significant growth in the coming years through inorganic growth avenues such as collaboration and mergers and acquisitions. Growing technology company Wärtsilä, for instance, recently announced their acquisition of Greensmith Energy Management Systems Inc., which is a budding player in the market for energy storage software and integrated solutions. Such moves are likely be frequent in the global energy management systems market in the coming years thanks to the steady drive of the market towards consolidation.

On-Grid And Off-Grid Battery Energy Storage System Market With Distributing Power Energy By 2025

ALBANY, New York, July 18, 2017: In a recent market research report, Transparency Market Research provides a detailed description of the global battery energy storage systems market. The report is titled “Battery Energy Storage System Market – Global industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.” The report offers forecast of the global market between the years of 2017 and 2025. The demand for various sources of renewable energy has been rising consistently, creating a positive impact on the battery energy storage system markets. The production tools of renewable energy such as wind turbine and solar cells utilizes battery energy storage systems to ensure seamless operations. Thus, a shifting focus toward renewable energy is likely to bolster the growth of the global battery energy storage system market.

The consistent demand for battery energy storage systems have been accelerated because of the electrification grids where a huge extent of renewable sources have been used. The report presents a complete overview of the battery energy storage system and provides data about the current state of the market and its future growth prospects. The latest trends such as utilizing renewable energies and plenty number of industrial belts have been anticipated to widen the growth in the market. China and India gets substantial government support for rural electrification.

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The transportation segment is expected to present promising growth opportunities over the forecast owing to the vast rise in use of electric vehicles. The demand for the system is likely to increase owing to the rapid rise in use of wind energy and power plants based on solar energy over the coming years.

On the basis of connection type, the battery energy storage market can be segmented into off-grid and on-grid. The battery energy storage system is considered as one of the most desirable method of distributing and generating power energy. The on-grid energy storage system gets legal support for installing essential capacity in storage and for desirable infrastructure. The off-grid energy storage system is mostly demanded by the countries where the solar radiation is extremely high.

According to the report, a substantial extent of space is required for battery energy storage systems. On the basis of geography, the concerned market can be divided into Europe, Asia Pacific, Latin America, Middle East, and North America., A prominent share is held by Asia Pacific in this particular market because of the continuous rising numbers of housing units in the region. Factors such as rapid urbanization and growing population are expected make key contributing factors in this regional market.

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The report highlights the competitive landscape of the market and gives an accurate idea about effective challenges faced by the market in using plug-in hybrid and battery electric vehicles through this system. The report provides a section on key vendors such as General Electric Co., Tesla Motors Ltd, ABB Ltd, and Siemens AG, who are operating in the market.

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With the New Applications, Algae Market is set to Grow Exponentially in the Future By 2024

Centuries ago, people at waterfronts discovered various applications of Algae. With the passage of time, humans started using algae as agar, alginates, energy source, fertilizer, nutrition, pollution control, bioremediation, pigments, and stabilizing substances. In 2015, these applications formed a global algae market worth US$608.0 mn. Also, Transparency Market Research states that the global algae market is expected to rise at a CAGR of 7.39% for the period of 2016-2024 to reach US$1.1 bn by 2024.

The major share of the global algae market is shared by the key players – Kent BioEnergy Corporation, Algae Tec, Phycal LLC, LiveFuels, Inc., Pond Biofuels Incorporated, Sapphire Energy, Inc., Algae Systems LLC, Dao Energy, LLC, DSM Nutritional Products, Solazyme, Inc., Diversified Energy Corporation, Kai BioEnergy Corp., Algenol, and Algix.

Algae is produced through various ways including open ponds cultivation, closed photo bioreactor cultivation, and raceway ponds cultivation. Many species of algae are produced through these processes and they find their application in aviation sector, marine sector, DHA production (protein sales), road transport, and DHA production (pharmaceutical applications).

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What are the emerging applications of algae that promise a bright future for algae market?

Even though the traditional applications of algae, which are mentioned above, form a significant part of the market, there are some new emerging applications that can take the market to the pinnacle at a quick rate. Among those applications the foremost are – algae as biofuel and algae for bioplastic.

 Algae as Biofuel :-

Even though algae fuel releases CO2 when burnt—just like fossil fuels—algae fuel is considered as eco-friendly, unlike fossil fuels. This is because algae fuel releases only the amount of CO2 that was been consumed from environment through the process of photosynthesis.

Today most biofuels are produced from corn and soya; using algae instead would be very rewarding as it grows faster than corn and soya, and the cultivation is much cheaper too. The only factor limiting algae from being used for production of biofuels is their low capacity of producing oils and fat. Researchers all around the world have been working to genetically engineer algae to make it produce more oils and fat.

Researchers from the J Craig Venter Institute, MD, US, who were working on the same for eight years, announced in early July 2017, that they have produced a species of algae that produces 40% fat. Comparatively, other species produce only 10% fat. This is another step towards making a new biofuel available for world and making the world fossil-fuel-free.

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Algae for Bioplastic:

The other application that could change the face of the algae market is using algae for producing bioplastic. Currently produced bioplastic from algae are too far from practical use due to inferior physical properties. Many scientists and research firms are busy with creating a species of algae that will produce the right amount of hydrocarbons and sugars that will make it appropriate for the production of bioplastics as strong as traditional plastics.

What regions of the world are the leading cultivators of algae?

The global algae market is dominated by North America. Countries such as Mexico, Canada, and the U.S., have more than 135 companies cultivating algae, which has helped the North America lead the global algae market. The North America algae market is prominently dominated by the U.S., which accounts for more than 85% of algae production in North America. The U.S. is likely to continue to lead the North America algae market till the year of 2024. Also, Asian countries are focusing more on the production of algae fuel to countervail the CO2 emissions due to usage of fossil fuels.

Rapidly Spreading Global Propanol Market Gaining Immense Popularity across Diverse Industries | 2025

Propanol is considered as one of the most effective and useful intermediate solvents for producing plenty of chemicals like methyl isobutyl ketone (MIBK), isopropyl esters, acetone, isopropyl amines which are manufactured by various chemical industry. Increasing applications of propnol in industries such as pharmaceuticals, cosmetics, personal care products, deicers, resins, adhesive and paints have bolstered the growth of the global market. Certainly progressing economies and continuous demand from ever-expanding chemical industries would aid the steady rise of the segment to expand more in the forecast period.

This is anticipated that the market will remain as the same leading global propanol market in the forecast period due to its continuous steady approach towards the coatings and global paints industry. The reason behind the healthy growth of this market is majorly focused on the applications where the solvent reacts with halogen to produce propyl halide and acetic acid to produce propyl acetate. The global propanol market is likely to play a determinant role in the coming years.

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According to Transparency Market Research, the global propanol market was valued at US$2.19 bn in 2016. Analysts expect the global market to rise at a CAGR of 2.3% CAGR from 2017 to 2025 to reach a valuation ofUS$2.68 bn by 2025.

How the global propanol market is generating the maximum revenues?

The market covers a huge list of industries such as cosmetics, personal care and also helps in flexographic printing ink applications. Various industries have embraced this intermediate solvent as a vital ingredient. There have been several studies examining the efficacy of the solvent, based on which the segment accounts for more than 49% in the global market by 2016.

The leading revenue generator, in terms of regions, in the market has been Asia Pacific. Europe is considered as the second largest propanol consuming region in the world. The propanol market is anticipated to receive remarkable demand in the production of acetone, where the solvent is used a major raw material.

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Which are the leading segments of the global propanol market?

Geographically, Asia Pacific has been considered a dominant regional market for propanol in the year of 2015 for holding the largest share of over 40% in the global propanol market is also expected to expand rapidly and will retain the dominance in the future as well. Over the coming years the propanol market has been expected to expand at a significant rate in North America and Europe is predicted to expand in a moderate pace which would be mostly driven by such elevating chemical industries. In the next eight years, China is predicted to be the largest consumer of propanol and other countries like Japan, India and South Korea in Asia pacific have been considered to be the fastest-growing propanol markets. The key factor behind this predicted remarkable growth in these particular regions is largely due to the global shifting of production units from developed regions to these emerging countries.

Based on the product type, the market is segmented into iso-propanol and N-propanol, and based on the application, the market is divided into chemical intermediates, solvent, pharmaceuticals; and cosmetics. The key players in the global market are BASF SE, The Dow Chemical Company, Oxea GmbH.

Micro Nuclear Reactors Market – Safer And Cheaper Alternative To Nuclear Power Plants, By 2025

Demand for electricity has been increasing exponentially across the globe since the last few decades.. According to the International Energy Outlook 2016, the net electricity generation stood at 21.6 trillion kWh across the globe in 2012 and is projected to reach 25.8 trillion kWh in 2020. It is further projected to reach 36.5 trillion kWh in 2040 due to the changes in power systems (from small and isolated to integrated national and international systems). Coal continues to be a widely used fuel for power generation; however, the nuclear power generation and renewable sources are cleaner forms of electricity generation and hence have anticipated the growth of global electricity generation.

Increase in environmental concerns about the emission of greenhouse gases is driving the demand for renewable energy sources such as hydropower, wind, solar power, tides, and geothermal heat for electricity generation. Nuclear power generation is considered the cleaner source of electricity after renewable sources. According to the International Energy Outlook 2016, the world electricity generation from nuclear power stood at 2.3 trillion kWh in 2012 and is estimated to reach 4.5 trillion kWh in 2040.

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Nuclear reactors provide a reliable, cost-effective, and low emission source of electricity generation. Large nuclear reactors are capable of catering to the demand for electricity; however, their production entails high capital and infrastructure costs. Micro-nuclear reactors are small and simpler units of nuclear reactors for electricity generation. These nuclear reactors are economical alternatives to the large nuclear reactors. Furthermore, they are increasingly used at remote locations. Economies of scale are significantly achieved by the manufacturers for continuous production and short construction period for micro-nuclear reactors. These factors are primarily driving the market for micro-nuclear reactors across the world. Rise in private investments and increase in government funded research and development projects are also anticipated to boost the global micro-nuclear reactors market.

Design, construction, and operation regulations are same as that for the large nuclear reactors which involves additional costs for compliance and restrain the growth of the market, especially in North America and Europe. Several companies are investing significantly in research and development of micro-nuclear reactors that comply with the regional and international licensing regulations. Nuclear power generation plants are sometimes built in the close vicinity of public settlements. This makes the public apprehensive about the ill-effects of nuclear waste, thereby hampering the market growth.

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In terms of geography, the micro-nuclear reactors market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Rise in industrialization and rapid growth in economies in Asia Pacific are projected to drive the demand for micro-nuclear reactors. Increase in need to lower greenhouse gas emissions, shortage of coal supply, and less electricity distribution in remote regions are estimated to augment the market in Asia Pacific. North America and Europe account for large share of the global micro-nuclear reactors market, led by the presence of key chemical companies in these regions and increase in private investments and government funded nuclear projects.

Prominent companies operating in the micro-nuclear reactors market are Westinghouse Electric Company LLC, Toshiba Corporation, Hitachi-GE Nuclear Energy, Ltd., and NuScale Power, LLC.

Nano Fillers Market Approches Towards Nano Fillersin Construction, Architectural Vast Applications, Research By 2023

Nano fillers are an adaptation of nanotechnology used in the fillers industry. Nano fillers can be composed from various materials such as alumina, titanium dioxide, calcium carbonate, bentonite clay, graphene, carbon black, ceramic, gold, silver, or silica. These materials are available in various forms such as nanorods, nanofibers, and nanowires. These nano fillers provide enhanced binding properties along with improved physical properties as compared to conventional fillers.

Nano fillers are widely used in rubber, paints & coatings, construction, paper, adhesives, sealants, and plastics industries. Nano fillers that are used as reinforcing filler materials, especially in polymers are called montmorillonites. These fillers are added to polymers to induce flame-retardant properties. Significant growth in the plastic industry is expected to drive the nano fillers market across the globe.

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Growth in the paints & coatings industry due to its vast applications in construction, automotive, architectural, and decorative end-users is anticipated to boost the global nano fillers market in the next few years. Growing economies in developing countries and rapid urbanization directly impact the construction industry. This, in turn, fuels the nano fillers market. Increase in brittleness property on higher amount of fillers and low level of dispersion properties are certain drawbacks of this technology.

Proper occupational health and safety norms have to be implemented to prevent exposure due to airborne nature of nano materials in powdered form. Rising demand for adhesives & sealants and plastic films in the packaging industry is estimated to significantly drive the nano fillers market during the forecast period. There is huge scope for new manufacturers to enter into the competitive nano fillers market due to ease of manufacturing process.

The nano fillers market can be regionally segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific holds prominent share of the global nano fillers market followed by Europe and North America. China holds the largest share of the nano fillers market due to growth in the plastics industry.

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The nano fillers market in Asia Pacific is expected to expand exponentially due to flourishing industrialization sector and expanding manufacturing base. Growing automotive and construction sectors in Europe are projected to be promising segments of the nano fillers market. Furthermore, increasing demand for nano filler applications in paper and rubber industries is likely to fuel the global nano filler market in the near future.

Some of the key players in the global nano fillers market include Reade Advanced Materials, Akzo Nobel NV, Nanostructured & Amorphous Materials Inc., Intelligent Materials Private Limited, DuPont, 3M, Henkel AG & Co. KGaA, Toyota Central R&D Labs Inc., Fuso Chemical Co. Ltd, Nanomaterials Technology Pte Ltd., Shanxi Xintai Hengxin NanoMaterials Technology Co., Ltd., Hangzhou Keli Chemical Co., Ltd. and Jiangxi Huaming Nanometer Calcium Carbonate Company Limited. These companies focus on continual research and development activities to enhance properties of nano filler material and develop the new application base.

Global Sulfuric Acid Market: China Driving Demand from Asia Pacific, notes TMR

As per the findings of a recent report by Transparency Market Research (TMR), the global sulfuric acid market is highly fragmented in nature, with top three players, PotashCrop, Vale Fertilizers, and The Mosaic Company, managing merely 10.5% of the overall shares in 2014. This highly competitive landscape, however, is marred by a sluggish growth, and there are very few new entrants aspiring a foray, owing to the capital-sensitive nature of the market as well as growing concerns regarding the hazardous effects of sulfuric acid.

As per the projections of the TMR report, the demand in the global sulfuric acid market will increment at a moderate CAGR of 2.6% during the forecast period of 2015 to 2023, reaching an estimated valuation of US$85.4 bn by the end of 2023, slightly up from its evaluated worth of US$67.9 bn in 2014. In the near future, the participants are expected to change the pace of the market as well as earn higher revenues via mergers and acquisitions and development of high-performance products. Companies are also focused on earning customer faith in order to build a relationship and gain repeated demand. Developments in this market are primarily related to the formulation of new products that can reduce the carbon footprint.

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Chemical Synthesis Segment Primed to Dislodge Fertilizers from Pole Position

Application-wise, the report segments the global sulfuric acid market into chemical synthesis, fertilizers, wastewater treatment, metal and mining, and others such as pharmaceutical and paper and pulp. Currently, fertilizers segment serves the maximum demand, accounting for 60% in 2014. It always has been and is expected to remain highly profitable throughout the forecast period, gaining consistent demand for the manufacturing of phosphate fertilizers, which are extensively used for modern day agriculture. On the other hand, the growing usage of sulfuric acid in 20 different chemical processes is expected to collectively dislodge fertilizers from being the most important segment in the near future. Sulfuric acid is now commonly used for the manufacturing of sulfate salts, nitric acid, explosives, hydrochloric acid, and pharmaceuticals.

Asia Pacific Remains Most Profitable Region

Both in terms of volume and value, the region of Asia Pacific continues to serve the maximum demand in the global sulfuric acid market, accounting for 50% of the shares in the global market in 2014. This extended demand from APAC is a reflection of increasing adoption of sulfuric acid in various processes of chemical and fertilizers, availability of affordable labor, thriving agriculture sector with vast population base, increasing foreign investments, and flexible regulatory set by the government. China, India, Brazil, and Japan are identified by the report as most lucrative country-wide markets for sulfuric acid. As far as North America and Europe are concerned, the market will register steady growth with growing demand for sulfuric acid based products.

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Diverse Applications Driving Demand

Increase in the production of nutrient-rich food crops, escalating food requirements due to growing population across the world, and steady and sustained demand for sulfuric acid due to diversified applications are three of the primary drivers of the global sulfuric acid market. On the other hand, weaker sales due to surplus in the market and strict environmental regulations against to toxic aspects of sulfuric acid is somewhat challenging the market from attaining its true potential. Nevertheless, the vendors of sulfuric acid market are expected to gain opportunities from the growing use of oleum, provided they can manage the volatility in raw material prices and the difficulties pertaining to the transportation of sulfuric acid.

Key Segments of the Global Sulfuric Acid Market

Sulfuric Acid Market – Application Analysis

  • Fertilizers

  • Chemical synthesis

  • Wastewater treatment

  • Metal & mining

  • Others (Including paper & pulp, pharmaceutical, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Sulfuric Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.

Polyisobutylene Market: Players Focus on Capacity Expansion for Increased Output, TMR

Transparency Market Research, as per one of its recent reports, observes the global polyisobutylene (PIB) market to be highly consolidated with a handful of multinational players that operate globally and occupy leading shares. However, the scenario is expected to change with the emergence of aspiring players from Asia that may alter the market share of leading players.

BASF SE, The Lubrizol Corporation, TPC Group Inc., INEOS Group Ltd, Kothari Petrochemicals Limited, and Shandong Hongrui Petrochemical Co. Ltd. are to name some of the key companies operating in the global polyisobutylene market. Expansion of core products and divesting from other products is on the cards of businesses to strengthen their presence in the market. TPC Group Inc., for example, sold its Baytown operations of manufacture of nonene, tetramer, and other propylene derivatives to SI Group. This is to help the company focus on its core businesses such as polyisobutylene.

Another noticeable trend observed in the global polyisobutylene market is players vying for capacity expansion. The well-entrenched players are engaged in capacity expansion for higher output of core business products so as to meet the rising demand from end-use industries.

As per estimates by a report by Transparency Market Research, the global polyisobutylene market is expected to expand at a CAGR of 5.6% between 2017 and 2025 for the market to be worth US$6.39 bn by 2025 increasing from US$3.92 bn in 2016.

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Tires and Tubes Application Segment to Remain Dominant

The segments of the global polyisobutylene market classified based upon molecular weight are low, medium, and high. High molecular weight PIB, amongst all, was the clear leader in 2016 with a whopping 70% market share. On the other hand, medium molecular weight segment is set to rise with the rising demand for lubricants with the booming automobiles and manufacturing industries.

Tires and tubes stood as the leading application segment accounting for more than 45% of the market in terms of volume. In the upcoming years, the segment is expected to continue its dominance on the back of continual growth of the global automotive industry.

From a regional perspective, Asia Pacific presently dominates the global polyisobutylene market followed by North America and Europe.

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Automotive Industry Ramps Polyisobutylene Demand

One of the key growth factors of the global polyisobutylene market is the thriving automotive industry, which has been expanding significantly in Asia Pacific, Latin America, and the Middle East and Africa. This is because polyisobutylene is majorly used in the manufacture of tire linings and tubeless tires, which are essential components of the automotive industry. The global tire market is expected to rise at a CAGR of over 4% between 2017 and 2025, is expected to have a positive bearing on the development of polyisobutylene market.

Another factor stoking growth of the market is on account of use of polyisobutylene as an additive in the manufacture of various lubricant oils and motor fuels. Also, PIB when added to diesel oil benefits the environment in terms of reducing hydrocarbons and particulate emissions. Furthermore, PIB when added to lubricants improves viscosity and extreme pressure resistance of products.

However, the growth of the global polyisobutylene market is majorly challenged due to environmental concerns related to PIB spills,” says the lead analyst of the study. Nevertheless, rising awareness regarding the use of recyclable polyisobutylene materials is anticipated to present growth opportunities over the forecast period.

The global polyisobutylene market is segmented as follows:

Polyisobutylene Market: Molecular Weight Type Analysis

  • Low
  • Medium
  • High

Polyisobutylene Market: Application Analysis

  • Tires & Tubes
  • Automotive
  • Lubricants
  • Adhesives & Sealants
  • Others (Medical, Chewing Gum, Detergents, and Dispersants etc.)

The information presented is based on the findings of a report by Transparency Market Research, titled “Polyisobutylene Market (Molecular Weight Type – Low, Medium, and High; Application – Tires & Tubes, Automotive, Lubricants, and Adhesives & Sealants) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.

Latex Powder Market Segment Forecasts Up To 2023 Research Reports TMR

Latex powder is a free flowing powder produced by spray drying of aqueous vinyl acetate-ethylene copolymer dispersion. Latex powder offers various advantages related to powdered form of polymer such as ease of storage, transportation and handling. The powder finds application in construction industry where it is used to improve key properties of gypsum and cement based formulations.

Latex offers various advantages that include improved workability, superior adhesive strength, enhanced flexural strength, excellent abrasion resistance and high impact resistance. The types of latex powder include styrene butadiene latex powder, vinyl acetate copolymer and vinyl acetate terpolymer among others. Latex powder is used for self-leveling flooring compounds, cement based tile adhesives and flexible tile adhesives among others.

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Construction is one of the key end-user industries of latex powder where it is used in diverse applications such as concrete repair mortars, ceramic tile adhesives, thermal insulating adhesives, joint fillers, self leveling mortars, decorative plasters or renders, wall paper adhesives and sealing slurries among others. Construction being the major application of latex rubber powder, there is a direct correlation between the growth in construction industry and latex rubber industry. Asia Pacific has witnessed robust economic growth in the past decade and this trend is expected to continue in the next few years. This rise in economic activity has led to growth in construction industry in this region, as well as in overall living standards.

With the recovery of the global economic scenario, construction activities are expected to increase rapidly at a global scale. This growth in construction activities is anticipated to trigger the demand for latex rubber used for construction activities. Latex rubber is used to enhance the visual appeal, provide protection from harsh climatic conditions and rust and in some cases for special purpose applications. U.S has recently witness an increase in construction activities on the back drop of recent revival from the economic recession.

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Owing to the growing construction industry in Asia-Pacific region, it accounted for the majority share of the global latex powder market. China and India were one of the largest consumers of latex powder in Asia Pacific. The need for more houses and infrastructure is expected to stem from growing urbanization in these regions. The demand is also anticipated to come from other developing economies such as Indonesia, and other South-East Asian countries. The latex powder consumption was the second largest in North America followed by Europe. In North America, U.S was one of the largest markets for latex powder. U.S economy has been recently recovered and has been close to pre-recession levels.

Looking forward, the construction industry is expected to show robust growth in the next few years, which in turn is anticipated to drive the latex powder market in this region. In Europe, Germany accounted for the largest market share followed by France, Italy and the U.K. The latex powder market in North America and Europe is characterized by similar market conditions. In the Rest of the World (RoW), the market is expected to witness robust growth on account of various infrastructure projects being undertaken in this region. Latin America is also anticipated to grow on similar lines as that of Asia Pacific.

Some of the major companies operating in the global latex powder market are The Dow Chemical Company, Momentive Specialty Chemicals, and Rogers-ceramics among others.

Phosphate Rock Market Segment Forecasts up to 2023, Research Reports

Phosphate rock is a sedimentary rock having huge concentration of phosphate minerals. The phosphate rock market can be segmented on the basis of sources from which it is mined such as marine phosphate deposits, igneous phosphate deposits, metamorphic deposits, biogenic deposits, and weathered deposits. Sedimentary and marinedeposits are the largest source for phosphate rock across the globe.

The market can also be segmented on the basis of its end applications such as fertilizers, feed and food additives, industrial chemicalsand others. Based on applications, fertilizers is the largest segment in the global phosphate rock (PR) market due to its huge demand in the developing nations of Asia Pacific and Latin America.The fertilizer segment can be further sub-segmented into DAP (Di-ammonium Phosphate), MAP (Mono-ammonium Phosphate), and TSP (Triple superphosphate).

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The global phosphate rock market is expected to grow significantly in future primarily due to the growing world population and associated food demand which is increasing the demand for phosphate fertilizers. Phosphate fertilizers are needed for optimum crop production. By 2050, the global population is expected to reach 9.6 billion which will put pressure on farmers to produce more to feed this large population. Another major driver for the growth of the phosphate rock market is rise in per capita income in developing countries which will impact the dietary habits i.e. shift from mostly vegetarian diet to a diet with a higher volume of meat and dairy products. This in turn will increase demand for crops.

According to Food and Agriculture Organization’s estimates, food production has to increase by 70% by 2050 in order to feed such a large number of people. This required growth in crop production will require additional land for cultivation along with intensification of agriculture, both of which will lead to increased demand for phosphate fertilizers. However, factors such as increasing awareness regarding use of bio-based eco-friendly fertilizers is expected to hamper the growth of the global phosphate rock market.

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Phosphate rock reserves are majorly located in Morocco and Western Sahara. Together they constitute more than half of the total global reserve. Other major regions holding phosphate rock reserves are China, Russia, Algeria, Syria, Jordan, the U.S., Middle East, and South Africa. Developing countries such as India, China, Brazil, and South Africa are the major consumers for phosphate rock primarily in the form of phosphoric fertilizer. In developed countries of North America and Europe, there is low demand for phosphoric fertilizersdue to efficient use of fertilizers and buildup of phosphate in the soil.

The global phosphate rock market is highly fragmented as none of the players hold a significant market share. The key players operating in the global phosphate market includePotash Corp, MBAC Fertilizer Corp, Grange Resources, Phosphate Resources Limited, The Mosaic Company, WENGFU Group, Vale, AgriumInc, Anglo American, Shaw River Manganese Ltd, and Sterling Group Ventures Inc.

Titanium Dioxide Market Paints and Coatings to Remain Most Prominent Application Segment By 2023

The recovery of the construction industry in developed countries after the economic downturn in the last decade is providing a significant push to the titanium dioxide manufacturers. Besides this, the booming growth of the construction sector in developing regions is stoking the growth of the global titanium dioxide market. The swelling demand for lightweight vehicles, owing to the rising concerns regarding harmful gas emissions and shift towards environment-friendly alternatives, is also working in favor of the market.

According to a report by Transparency Market Research (TMR), the global titanium dioxide market is expected to reach a valuation of US$ 16.79 bn by the end of 2023, progressing at a 3.7% CAGR from 2015 to 2023.

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TMR analysts estimate that the upward growth of the market is impeded by stringent environmental regulations. Harmful solid and acid wastes generated during the production of titanium dioxide are compelling governments worldwide to form strict regulations. The impact of this factor is especially high in developed countries. However, in China, producers are adopting several alternative production techniques to curb the adverse effects caused by titanium dioxide. The advent of such techniques is likely to create numerous growth opportunities for the market.

On the basis of application, the report segments the market into paints and coatings, paper, plastic, and others, which includes inks and artificial fibers. The paints and coatings segment will continue to account for the lion’s share in the global arena until 2023. About 50% of the titanium dioxide produced across the globe is used in the manufacturing of paints and coatings. The increasing construction activities worldwide are supplementing the growth of the segment.

The plastics segment is anticipated to expand at a phenomenal CAGR during the forecast period. Titanium dioxide is used to enhance several characteristics of plastics such as color, opacity, and strength. The burgeoning global demand for high strength plastics is likely to provide a significant push to the growth of the segment. The paper segment is anticipated to post a moderate CAGR during the forecast period. Titanium dioxide is used for the production of high strength papers. The growth of the segment is propelled by the booming packaging industry.

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Asia Pacific to Remain Dominant through 2023, with China at Forefront

From the geographical standpoint, the report studies the market in Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Asia Pacific will continue to be the leading revenue contributor until 2023. China is expected to remain at the forefront of growth throughout the forecast horizon. The high demand for titanium dioxide in China and the majority of international players are allocating significant budgets to establish production facilities in the country, which in turn is providing a fillip to the market in APAC.

The region is closely trailed by Europe and North America. The growth of these regions can be attributed to the snowballing demand for automobiles and the recovery of the construction industry in several parts of these regions. Some of the prominent companies operating in the global titanium dioxide market are Kronos Worldwide Inc., CRISTAL, The Chemours Company, and Tronox Limited.

Abrasion-Resistive Coatings Market – Provide Hardness, Resistance To Wear & Abrasion, Growth By 2024

Abrasion of metals occurs when friction wears, grinds, or rubs away the metal. It is an undesirable effect of the regular and normal use or exposure of a machine or part. Abrasion-resistive coatings protect metals from galling, seizing, and other types of physical damage. The key characteristic of abrasion-resistive coatings is to provide hardness and resistance to wear and abrasion.

Frictional contact between surfaces and particles causes wear of components and leads to unnecessary downtime and maintenance costs. Over a period of time, even a softer solid material can abrade and wear highly hard alloys. As the surface becomes weak, it then strips from the parent substrate, thereby gradually reducing the thickness and structural integrity of the substrate. Though the degree of abrasion can vary depending on load, velocity, duration, and frequency, abrasion-resistive coatings are designed to extend the life of the parts under any condition.

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Abrasion-resistive Coatings Market: Market Dynamics and Trends

Wear and abrasion can be minimized by utilizing polymer composite materials. These act in a sacrificial capacity, which means they wear in place of the original substrate, often lasting significantly longer than the original surface, due to their highly wear-resistant formulations. Abrasion-resistant coatings are used to improve or modify the surface hardness of a component and improve the performance and lifespan of the component. Most commonly applied abrasion-resistive coatings (plasma coatings) are tungsten carbide and ceramic coatings. Depending on the application and the part, post-coating machining is carried out. The application of a fluoropolymer with the abrasion resistive plasma coating can be used to give a hard wearing coating with release properties.

Before abrasive coatings are applied, the surface under consideration should be thoroughly cleaned so that the abrasive coat gets applied evenly. For this, abrasive blasting should be done, in most of the cases, to remove the surface rust and contaminants. Proper adhesion can be achieved by roughening the metal substrate prior to application of the non-stick coating so that mechanical bonding will assist chemical interaction of binders in a primer layer in promoting adhesion. Typical roughening includes acid-etching, sanding, grit-blasting, and brushing as well as baking a rough layer of glass, ceramic, or enamel frit onto the substrate.

Currently, wear/abrasion-resistive coatings have utilized superior wear properties of ceramic and two part epoxies to protect equipment in harsh industrial environment.

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Abrasion-resistive Coatings Market: Market Segmentation

In terms of abrasion type, the abrasion-resistive coatings market can be segmented into: surface wearing/abrasion (wearing, scuffing, and fatigue), extreme corrosion/erosion, coarse particle abrasion, fine particle abrasion, and liquid turbulence.

In terms of coatings type, the abrasion-resistive coatings market can be segmented into: epoxy-based coatings, epoxy- and additive-based coatings (silicon carbide, ceramic beads), epoxy-based fast-curing coatings, and UV-curable hard coats.

Abrasion-resistive Coatings Market: Region-wise Outlook

In terms of production and usage, North America leads the global abrasion-resistive coatings market. The market in the region is expected to expand at a slower rate as compared to Asia Pacific. In terms of production, North America is the market leader, followed by China and India.

Abrasion-resistive Coatings Market: Key Players

Major players in the abrasion-resistive coatings market include Henkel polymers, Hardide Coatings, Metal Coatings Corp., Impreglon Ltd., Praxair S.T. Technology, Inc., Jotun AS, and Sika AG.

3D Printing Materials Market Analysis and Research By 2020

The global 3D printing materials is estimated to grow significantly in the years to come on account of the growing demand for 3D printing technology across industries such as medical, consumer electronics, automotive, consumer products, and aerospace. The emergence of new printing materials such as metals will further boost the growth of this market. The support received by various regulatory bodies and governmental bodies for the use of 3D printing technology across industries shall also drive the growth prospects of this market. The high demand for 3D printing materials from the education sector is also one of the key drivers of the market. 

Availability in Wide Range of Colors to Drive Plastic as Most Popular Product Segment

By product, the plastics segment led in the market and accounted for 48% of the market in 2013. Some of the types of polymers used for 3D printing are PLA, ABS, polycarbonate, PMMA, and PVC. The demand for plastics is high in the 3D printing materials market owing to their flexibility and enhanced durability. Moreover, plastics are available in a wide range of colors, and thus is an attractive option for printing materials.

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Electronics and Consumer Products Segment to Lead in 3D Printing Materials Market 

Of the various applications of 3D printing materials such as education, medical, aeronautics, electronics and consumer products, industrial, and automotive, the segment that led in the past was electronics and consumer products, trailed by automotive segment. In fact, the electronics and consumer products segment will continue to lead throughout the forecast period and emerge as the segment witnessing rapid growth, witnessing a CAGR of 17% between 2014 and 2020. The growing use of electronics and consumer products for personal use is driving the growth of this segment.

Asia Pacific to Witness Fastest Growth in 3D Printing Materials Market

On the basis of geography, the market is anticipated to witness fastest growth in the Asia Pacific region. Previously, North America held the leading position and accounted for 37% of the market in 2013. The growing adoption of 3D printing technology in China and Japan is expected to fuel the growth prospects of the Asia Pacific 3D printing materials market. Europe is also slated to witness a remarkable growth during the forecast period, apart from North America. On the other hand, the Rest of the World is likely to experience sluggish growth in the 3D printing materials market in the years to come. The limited scope for 3D printing technology in the region is one of the key restraints hampering the growth of the market in this part of the world.

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3D Printing Materials to Witness High Demand from Medical and Education Sectors

The manufacturing of organs such as liver and heart and the fabrication of human tissues require 3D printing. 3D printing is also being used in medicines. They are used for making dental crowns and for root canal treatments, thus driving the demand for 3D printing materials. The rising use of 3D printing equipment and thus, 3D printing materials in the education sector will propel the growth of this market. High use of desktop and even professional 3D printers will subsequently create a demand for 3D printing materials.

Flooring Market: New Construction Projects and Renovation Activates in Equally Swift Growth Paths

According to a research report released by Transparency Market Research, the global flooring market is likely to continue showing a fragmented competitive landscape, primarily owing to the large number of active players in the market. The key companies in this market – Shaw Industries Group Inc., Mohawk Industries Inc., Boral Ltd., Tarkett Group, and Armstrong World Industries Inc. – are showing a high probability of utilizing more aggressive expansion strategies than smaller players to improve their vertical integration.

According to the TMR research report, the global flooring market was valued at US$247.56 bn in 2016. The analysts working on the report have predicted it to register a healthy CAGR of 6.40% between 2017 and 2025. The global flooring market is therefore expected to be evaluated at US$429.25 bn by the end of 2025. Currently, tiles are showing a higher demand than other product types the market.

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Residential Sector Demand for Floorings Set to Rise

With the global flooring market segmented into commercial, industrial, and residential sectors, there has been a staggering rise in the demand promoted by the residential sector, especially for tiles. Its demand is expected to remain on an incremental plane over the coming years, a factor primarily attributed to the booming construction industry, especially in terms of residential projects,” states a TMR analyst. Emerging economies such as China, Brazil, and India, are showing a high rate in construction activities, whereas countries from North America and Europe are showing an increase in re-modelling activities.

Geographically speaking, Asia Pacific dominated the global flooring market in 2016, with a share of over 42% in the market’s value. The swiftly expanding construction industry in APAC is the primary factor driving this regional market, powered by a high economic growth rate. Asia Pacific is likely to continue playing a leading role in the global flooring market over the given forecast period. China is likely to surface as the leading domestic market for flooring components in Asia Pacific in the years to come.

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Rising Urbanization and Industrialization to Influence Demand for Flooring Products

With the growing disposable income and expenditure of consumers on better quality products as well as aesthetically appealing ones, the booming rate of urbanization has created a significant momentum for the demand for tiles and other flooring across the world. “The swift rise in urbanization as well as industrialization has created a considerable increase in the rate of construction activities, consequently increasing the scope of growth for the global flooring market,” adds the analyst. The rapid infrastructural developments in developed economies has increased the demand for flooring products remarkably, boosting the overall market.

Players Advised to Watch for Fluctuations in Raw Material Costs

In the report’s given forecast period, the expansion in the building and construction industry in emerging regions is expected to continue being a key propellant for the global flooring market. However, the players in the market, both regional and globally prominent ones, need to be careful of the volatile nature of raw material prices, as this is considered to be a key restraint acting on the market for the foreseeable future. Raw materials required for flooring are largely derived from crude oil byproducts as well as multiple other sources, each of which is getting strained in terms of demand from their immense number of end users.

The growing construction of commercial skyscrapers in various regions is likely to boost the demand for flooring products in the commercial sector in the near future while the demand for these products in industrial sector is expected to be driven by the increasing usage of polymer based resilient flooring to provide an energy absorbing, water, and chemical resistant surface.

Key segments of the Global Flooring Market

By Product

  • Carpets & Rugs
  • Wood
  • Resilient
  • Tiles
  • Others (Laminate, Stone etc.)

By Application

  • Residential
  • Commercial
  • Others (Industrial etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Flooring Market (Product – Carpets and Rugs, Wood, Resilient, Tile, Laminate, and Stone; Application – Residential, Commercial, and Industrial) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

Clear Brine Fluids Market: Focus on Deep Water Reserves Driving Demand, TMR

As per the findings of a recent report by Transparency Market Research (TMR), the global clear brine fluids market is highly consolidated in nature with well-established players enjoy stronghold over the supply as well as distribution. Some of the key companies in the global clear brine fluids market identified by the report are Israel Chemicals Ltd., Tetra Technologies Inc., Albemarle Corporation, and Great Lake Solutions, who collectively accounted for 42.1% of the market in 2014. This being a market that requires high initial capital, the threat from new entrants is bleak, while the leading vendors are expected to acquire small- and medium-scale players in order to maintain their dominance over the market as well as expand their geographical presence.

As per the projections provides by the report, the demand in the global clear brine fluids market will expand at a healthy CAGR of 6.2% during the forecast period of 2015 to 2023, reaching an estimated valuation of US$1,444.7 mn by the end of 2023, significantly up from its evaluated worth of US$944.8 mn in 2016. In the near future, the key players are also expected to focus on the reduction of production costs in order to enable the completion of offshore drilling projects.

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Potassium Chloride Most Profitable Product Segment

Product-wise, the TMR report segments the global clear brine fluids market into calcium chloride, potassium chloride, sodium chloride, sodium bromide, potassium bromide, calcium bromide, and others such as aluminum chloride and zinc bromide. As per the projections of the report, the potassium chloride segment will expand at the most prominent CAGR of 6.5% during the forecast period of 2015 to 2023, gaining from its growing usage for stabilizing water sensitive clays during the extraction process, wherein it helps to control the formation of pressure and damages to the reservoirs in the end-use industries. On the other hand, the report also anticipates significant growth in the calcium chloride brine fluids segment, which is an effective component used for the formation of brine completion and work fluids. As the oil and gas industry flourishes, calcium chloride brine fluids will continue to gain traction for its usefulness in clay hydration while drilling.

North America Maintaining Strong Demand

North America, which houses a number of leading oil and gas companies, currently serves the maximum demand in the global clear brine fluids market. Backed by the developed countries such as the U.S. and Canada, wherein oil and gas drilling activities are rapidly increasing, North America is expected to add to its account of 65.7% demand for clear brine fluids in 2014, projected to reach a share of 64.8% by the end of 2023. On the other hand, Asia Pacific is also projected for a prosperous future as an important part of the global clear brine fluids market. China currently holds the most prominent share in the recoverable shale gas industry and ongoing drilling activities will further boost the market in the near future.

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Incremented Drilling Activities Driving Demand

Increasing demand for clear brine fluids owing to the rise in the number of oil drilling activities, focus on developing deep sea reserves, implementation of horizontal drilling, and consistent efforts from the emerging nations to achieve energy security are some of the key factors driving the global clear brine fluids market. On the other hand, fluctuations in the prices of raw materials such as potassium chloride, variations in trade agreements as a result of political imbalance, and the volatility related to the shale gas situation are a few prominent restraints holding the market back. Nevertheless, the vendors of the global clear brine fluids market will gain from the growing focus on exploring unconventional resources such as coal bed methane and shale gas.

Clear Brine Fluids Market – Product Segment Analysis

  • Potassium chloride
  • Calcium chloride
  • Sodium chloride
  • Potassium bromide
  • Sodium bromide
  • Calcium bromide
  • Others (zinc bromide, aluminum chloride, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Clear Brine Fluids Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023”.

Anti-reflective Coatings Market Global Industry Analysis and Forecast By 2020

Anti-reflective coatings have surfaces as effective coatings for glare and reflection reduction in several optical and electrical appliances in the last few years. Anti-reflective coatings capture the undesired reflection from the surfaces, thus raising the visibility. These coatings also eradicate back-glare, which is a core problems associated with sunglasses and eyeglasses. Many anti-reflective coatings feature low reflectance and high transmittance. These coatings have gained importance in the solar and electronics industries due their beneficial aspects.

Some of the materials that used in the process of manufacturing eyeglasses and lenses have a high surface reflection and these coatings aid in reducing these reflections. The rising demand for enhanced light transmitting lenses and eyeglasses and the increasing consumptions of anti-reflective coatings in the eyewear and electronics sector is expected to benefit the global market in the coming years. However, the market is expected to face hindrance from the dearth of awareness among potential consumers, strict environmental regulations, and usability issues.

The global market for anti-reflective coatings is expected to expand at a CAGR of 8.2% from 2014 to 2020. The market was worth US$2.9 bn in 2013 and is expected cross US$4.9 bn by the end of 2020.

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Eye to Emerge as Leading End User

In 2013, the global market for anti-reflective coating was dominated by the eyewear sector with a share of over 40% in the same year. Anti-reflective coatings are used on a huge variety of substrates such as quartz, yttrium aluminum garnet, and sapphire. Other of its noteworthy applications include binocular lenses, video glasses, riflescopes, telescopes, and kiosk displays. Anti-reflective coatings decrease the effect of unwanted reflections, thus leading to higher level of comfort and better reading and driving experiences. However, eyewear is expected to lead until the end of the forecast period, electronics is expected to emerge as one of the potential sectors supporting growth of the market and the second in terms of end use.

Growing demand for anti-reflective coatings from the displays of smartphones and flat panel displays is expected to display potential market growth. Furthermore, anti-reflective coatings are employed in the photolithography phase of semiconductor fabrication. It removes reflective scoring and upended waves thus improving the procedure of lithography. On the other hand, the solar industry is one of the firmest end user segments for anti-reflective coatings is expected to compel the market growth during the years ahead. Automobiles are also well-thought-out as one of the prime vents for anti-reflective coatings due to increasing demand for dashboards, GPS displays, and window shields.

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North America to Continue its Lead

North America was the leading regional market for anti-reflective coatings market in 2013 and held a share of almost 35% in the same year. Growing demand for anti-reflective coatings from smartphone displays, lenses, and eyeglasses is pushing the growth of the market in this region. The demand for anti-reflective coatings in Europe is also rising due to the growing use in the automobile and solar industry. The demand for anti-reflective coatings in Europe from the eyewear industry is anticipated to show steady demand in the years ahead. Asia Pacific is anticipated to be the leading market in terms of growth for anti-reflective coatings over the course of the forecast period. Snowballing demand for anti-reflective coatings from nations such as South Korea, India, and China is anticipated to reassure potential market progress in this region.

The leading regions in the market are JDS Uniphase Corporation, Hoya Corporation, Optical Coatings Japan, Royal DSM, Honeywell International Inc., PPG Industries Inc., Essilor International S.A., and Carl Zeiss AG.

Aluminum Market Presents Highly Lucrative Opportunities For Building & Construction Industry Players

Aluminum is a type of sustainable and energy-efficient metal. It is often considered a recyclable metal. Easy availability of aluminum over other metals and its cost effectiveness increases its applicability over vast fields; one of the most prominent use has been noticed in the building and construction industry.

Aluminum has been increasingly used in construction and certain other industries. Aluminum composite panels are easily recyclable and the metal does not lose its properties during the recycling process. Aluminum profiles are gaining high popularity owing to their slim structure, high durability, and negligible maintenance cost. Aluminum profiles are easy to install and they offer superior performance. Moreover, they have design flexibility, which enhances their use in several operations. Real estate manufacturers with lower budget for construction prefer the use of aluminum as a roofing material and for other housing structures. With growing share of industries in advanced and emerging economies, this metal has rising application in factories and warehouses. This factor drives the aluminum market for building & construction.

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However, in certain cases, aluminum can be more expensive as compared to steel. This hinders the growth of the aluminum market for building & construction.

Aluminum is lighter as compared to other metals and this raises its application in the construction sector. The metal is largely used in hilly areas, wherein low-cost construction is a major concern for the government. Rising concerns about providing eco-friendly buildings increase the use of aluminum in the construction industry. This market is expected to witness growing demand as nanomaterial composite panels have extensive application in different end users segment. These panels are coated with aluminum particles that not only provide resistance to extreme weather conditions, but also resist air-borne pollution.

With the rising concerns about sustainable environment, demand for aluminum in the real estate industry is expected to increase during the forecast period. These nanomaterial-based aluminum panels can repel dust during rains and they do not require any specific cleaning mechanism. These types of composite panels are able to retain their color and gloss for a long period of time, as they are not adversely affected by harmful UV rays. These metals require lower cost of maintenance and this factor raises their use in the building & construction industry during the forecast period.

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The aluminum market for building & construction has been segmented on the basis of product type into extrusion, flat-rolled products, casting & powder products, and flake & paste products. The extrusion segment has held the maximum market share in recent years, and is expected to retain its market dominance during the forecast period. Extruded aluminum materials are extensively used in windows, doors, skylights and photovoltaic panel frames, sliding and hinged doors, sunshades, and light shelves. They are more cost-efficient as compared to casting and flat-rolled products. This factor is likely to drive the extrusion segment during the forecast period.

On the basis of geography, the aluminum market for building & construction has been segmented into five regions viz. North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. Asia Pacific holds a major share of the market. The region is expected to be the rapidly expanding market during the forecast period. China is witnessing high population growth and this increases the demand for aluminum in the real estate industry in the country. Moreover, India experiences higher economic growth coupled with higher spending on infrastructural development. This drives the aluminum market for building & construction in the country.

Some of the key players in the global aluminum market for building & construction are Constellium, Novelis, Alcoa, Gulf Extrusions, and Hindalco Industries.

Colorants Market – Implementation Of Stringent Regulations On Synthetic Products, Analysis By 2025

A colorant can used either as a dye or a pigment subject to the binder involved in the manufacturing process. Pigment is a material that modifies the color of the transmitted or reflected light resulting from the wavelength-selective absorption. A pigment is required to have high tinting strength compared to the materials it colors. Most pigments used in the manufacture of paints, plastics, etc. are dry colorants, typically milled into a fine powder. This powder is further added to a binder, which is comparatively colorless and neutral material that suspends the pigment and gives the required adhesion to paints. Pigments are mostly used for coloring fabric, food, paint, inks, and other materials. There is a major difference between a pigment and dye. A pigment is insoluble in its binder, while a dye is mostly soluble in its binder or is itself a liquid.

Colorants Market: Drivers and Restraints

Colorants is a key sector of the specialty chemical industry. Increasing demand from the high performance pigments application, recent developments in end-user industries, and rising inclination toward environment-friendly products are the primary factors driving the colorants market. Pigments and dyes are employed in various applications such as textile, paints & coatings, construction, plastics, and printing inks. Overcapacity across the globe, volatility in prices of raw materials, and concerns regarding its environmental hazards are factors restraining the market for colorants.

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Colorants Market: Segmentation

Based on application, the colorants market can be segmented into:

  • Automotive
  • Industrial
  • Decorative Paints & Coatings
  • Architectural Paints and Coatings
  • Plastic
    • Films
    • Fibers
  • Detergent Coloration
  • Cosmetics
  • Aluminum Finishing
  • Electronic Displays

In terms of type, the colorants market can be bifurcated into:

  • Dyes
  • Pigments

The global market for colorants was estimated to be valued at around US$ 27 Bn in 2016. The industry experienced average growth rate of 2% to 3% per annum in the last decade. Furthermore, exports account for approximately 68% of the colorants market in India in 2015.

Based on product, the colorants market can be bifurcated into:

  • Synthetic Colorants
  • Natural Colorants

Synthetic colorants (polymeric colorants) offer various physical properties such as absorption, solubility, viscosity, and migration. Synthetic colorants are non-abrasive and relatively less toxic.

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Interest in natural food colors has resulted in new product development globally. Europe is expected to lead the natural colorants segment. However, Asia Pacific is predicted to witness the fastest growth rate in the natural colorants segment The colorants market has been expanding in Asia Pacific owing to the rise in media exposure, implementation of stringent regulations on synthetic products, and growth in consumer awareness about natural products. However, the natural colorants segment in the U.S. has been expanding at a comparatively sluggish pace. Recent Big Food broadcasts confirm that under rising pressure from health-interest groups and consumers, the natural colorants segment in the U.S. is anticipated to witness a revolution in the near future. For example, in 2015, companies such as Nestlé USA and Hershey announced their decision to stop producing products made from artificial colors and flavors

Colorants Market: Region-wise outlook

Asia Pacific held the major share of the global colorants market in 2015. It is a key region for the production of dyes and pigments. India and China are expected to significantly contribute towards the growth of the colorants market in Asia Pacific. India has developed as a global supplier of pigments, intermediates, and dyes since the last few years. In terms of demand for colorants, India is one of the largest markets for dyes and pigments and contributes nearly 6% share of the global colorants market. During the last couple of years, there has been a remarkable growth in exports of colorants in Asia Pacific to other regions across the globe.

Synthetic Zeolite Market: Manufacturers Focus on Construction, Adsorbents after Conquering Detergents Industry, TMR

A high volume of players are currently present in the global specialty zeolites market, as stated in a research report released by Transparency Market Research. The leaders of the market for 2015 – Tosoh Corporation, Arkema Group, BASF SE, and W.R. Grace & Co. – held a collective share of 34.7% in its overall value. The players in the market are spread out in terms of size, thereby creating a wide and diverse number of enterprises. The leaders of the global specialty zeolites market are largely concerned with the applications of technological innovations that will give way to reducing processing costs and introduce high-quality products on a commercial level.

According to a research publication by Transparency Market Research, the global specialty zeolites market is expected to hold a strong degree of competition among key players. The majority of the players in the market depend on goodwill and the formation of long-terms contracts for sustainable business. By 2024, the global specialty zeolites market is expected to reach US$53.4 mn in terms of sales. Its sales figure is projected at a CAGR of 3.2% within a forecast period from 2016 to 2024, and was calculated to reach 41.3 mn at the end of 2016.

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APAC Demand Continues to Surge

Asia Pacific has been the leading consumer of specialty zeolites in and since 2013, and is likely to remain in the lead for the coming years. The region took up a massive 40% of the market in 2013 and the demand is being fuelled by several verticals. A huge scope of growth was present in the global specialty zeolites market in the application segment of detergents. Governments, environment agencies, and a growing number of environment conscious consumers have been supporting the use of specialty zeolites over phosphates in detergents, due to the harmful effects the latter can have on the environment.

Over time, the global specialty zeolites market took over the lion’s share in detergent applications and the growth rate for the market in this particular segment has slowed since. Players in the market are now moving towards adsorbents, another segment considered to be high opportunity.

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Construction and Adsorbents Industries Boost Usage of Specialty Zeolites

“Specialty zeolites have consistently found a solid scope of demand from the construction industry. The surge in construction activities in construction across the world and across different sectors is currently the leading factor contributing to the increasing revenue stream of the global specialty zeolites market,” states a TMR analyst. Urbanization is a key proponent of the construction industry and consequently, the global specialty zeolites market. This can be seen across the swiftly growing urban areas in China, India, and Brazil.

Another factor promoting the global specialty zeolites market at the moment is the growing demand for them from the global paints and coatings industry, which is again, directly driven by the construction industry. The demand for specialty zeolites takes a positive turn due to the increasingly stringent regulations regarding the use of volatile organic compounds. A similar hike in demand for specialty zeolites can be seen in the plastics industry.

High Cost of Specialty Zeolites Inhibits Potential Growth Rate

One of the key factors hindering a more favorable growth rate for the global specialty zeolites market is the high product costs. Specialty zeolites are known to be much more expensive than basic synthetic zeolites or even natural zeolites, due to the increased complexity of manufacturing. At the same time, the global specialty zeolites market is being restricted by the increasing availability of substitutes, especially silica gels and activated carbon. Both substitutes are finding a greater range of use in the paints and coatings industry, jeopardizing the overall demand for specialty zeolites in it.

Key segments of the Global Synthetic Zeolite Market

Synthetic Zeolite Market – Application Analysis

  • Detergents
  • Adsorbents
  • Catalysts
  • Others (Including dietary supplements, wound care, silver zeolite, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Synthetic Zeolite Market (Applications – Detergents, Adsorbents, Catalysts, Dietary Supplements, Wound Care, and Silver Zeolite) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” 

Dehazer Market As Fuel Additive – Improves Fuel Quality in Gasoline And Diesel, Research By 2025

Dehazer is a fuel additive which removes water from gasoline, diesel fuels, and protects engine against corrosion. Dehazer is a fuel additive which reduces haze formation and improves fuel quality in gasoline and diesel. Haze or entrained water, in diesel fuel can occur as a result of processing, transportation and seasonal temperature changes. Dehazers are designed to facilitate the combination of vary small water droplets into larger droplets, which then separate from the fuel by gravity. Dehazer treatment is needed if the fuel becomes hazy due to the presence of finely dispersed droplets of water.

Contamination with water occurs at any stage, as the fuel passes from the refinery and through the distribution network until it reaches the vehicle tank. Dehazers work by breaking water micro emulsions, ensuring brightness and clarity of the product. They also improve water tolerance of additives. Dehazers have unique and specific formulations developed to ensure effective solutions without side effects, and they contain no metals. Dehazers’ additives mix with hazy fuel uniformly either in equipment fuel tanks or in bulk fuel tank areas. Water suspended in diesel fuel causes corrosion and malfunction of engine.

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Water is commonly found in fuels and small amounts of “soluble” water in the order of 50 to 100 ppm may remain in fuels. This type of water is present as a true solution and will not separate due to gravity. Greater quantities of water (up to 5,000 ppm or higher) are introduced through contamination during marine transportation, and exist as “emulsified” water droplets. These emulsified water droplets will separate over time by gravity, but the settling rate is likely to be extremely slow and is influenced the amount of physical mixing and by the degree of emulsification.

Haze and emulsions mean that water will be carried throughout fuel distribution system, and result in bacterial, and fungal contaminations. Wet fuel is corrosive to fuel tank internals and can lead to further fuel contaminations. Allowing hazy fuel to clarify by natural settling is time consuming, and requires lot of product storage capacity. However, these problems can be efficiently overcome by treating the fuel with a chemical “dehazer”.

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The worldwide increase in the number of vehicles has resulted in the rising demand of the dehazer market. The gasoline or diesel fuels are used to run most of the industrial plants across the globe resulting in increase in demand for fuel additives for better efficiency. Various fuel additives are manufactured for automotive, industrial, aerospace and commercial sectors. This factor would drive the dehazer market. Demand for Alternate Fuel Vehicles (AFVs) is estimated to be a restraining factor for growth of dehazer market. These vehicles may offer a substitute for gasoline and diesel vehicles and may amount to a considerable share of the automobile market in the coming years.

On geography basis, dehazer market is categorized as Asia-Pacific, North America, Europe, and Middle-East and Africa. North America dominates the global dehazer market. Asia-Pacific is expected to boost the market in the next few years. The growing demand for automobiles, its rising production and increasing traffic are factors that will lead to growth of the dehazer market in the Asia-Pacific region.

Key operators operating in dehazer market are Innospec Fuel Specialties, Bakers Hughes Incorporated, BASF, Dorf Ketal, and Clariant.

Mining Lubricants Market – Production Of Coal Ore Earth Metals Demands High, Growth By 2025

The mining industry underwent a transformation, from underground mining to open pit mining, during the 20th century. Open pit mining has become common in developed countries. Haul trucks, draglines, shuttle cars, roofbolters, scoops, loaders, longwall machines, and shovels are some of the machines used in mining.  These machines possess heavy gear system, wire ropes, bearings, and transmission system. These need to be lubricated from time to time. A lubricant should be such that it decreases maintenance costs and increases the machine life. It must have high viscosity index, corrosion prevention, high boiling point, resistance to oxidation, ability to absorb shock loads, good thermal stability, and hydraulic stability. The mining lubricants market relies on mining activities. Expansion of the mining lubricants market depends upon the number of mining activities.

Based on application, the mining lubricants market can be segmented into open gears, wire rope, gear boxes, and bearings. The open gears segment dominates the mining lubricants market. Open gears system suffers from wear and pitting because of insufficient lubrication. Asphaltic-based lubricants and synthetic type lubricants are most commonly used in open gears system. Synthetic lubricants do not contain heavy metals. They are environmentally-friendly and are designed to protect from heavy shock loads on open gears system. Mining gear boxes tend to overload. This causes premature failures. A suitable gear oil with properties such as protection due to shock loadings and protection from water contamination should be applied. Lubricant with improper sealing mechanism contaminates the bearing boxes and results in bearing failures.

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Based on end-use industry, the mining lubricants market can be divided into coal ore, iron ore, and other earth minerals. Production of coal ore is higher than that of iron ore and other earth metals. Hence, the coal ore segment leads the mining lubricants market. High energy consumption and industrial growth are anticipated to boost the mining lubricants market.

Based on region, the mining lubricants market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Mining activities in Asia Pacific, especially in China, India, and Australia, are high. Therefore, these countries dominate the mining lubricants market in Asia Pacific. China leads the use of mining lubricants due to the high production of coal ore and iron ore in the country. Asia Pacific is followed by North America.

Key players operating in the mining lubricants market are Total Oil (Australia), Exxon Mobile Lubricants & Specialties (the U.S.), Royal Dutch Shell Plc. (the Netherlands), Chevron (the U.S.), Perma-tec GmbH & Co. KG (Germany), Quaker Chemical Corporation (the U.S.), Petro Canada Lubricants Inc (Canada), BP Lubricants (the U.S.), Conoco Phillips Inc (the U.S.), Aarna Lube Private Limited (India), Lubrication Engineers, Inc. (the U.S.), Engen Botswana Limited (South Africa), Vivo Energy (Mauritius), and Interlube Limited (the U.K.). Large players operating in the mining lubricants market design their products. Total Oil is one of the major players in the mining lubricants market. It manufactures and supplies lubricants across the globe. The company’s lubricants have a long life and ensure complete protection to the mining equipment.

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Total Oil provides lubricants to drag lines, loaders, excavators, haul trucks, and diggers, among others. Petro Canada Lubricants Inc develops products for underground mining and open pit mining. For underground mining, the company uses VULTREX Rock Drill EP000, which is designed for in-line pneumatic systems and mist-free lubrication of rock drills. It markets products under the brand names VULTREX OGL Synthetic Arctic, an open gear lubricant for cold regions, VULTREX OGL Synthetic All Season, an open gear lubricant for all seasons, and PRODURO for gears and bearings. Volatility in prices of raw materials, environmental upkeeps, and instability in government policies related to the mining industry are some of the restraints of the mining lubricants market.

Fuel Additives Market: Stringent Government Regulations Driving Demand By 2023

As per the findings of a recent report by Transparency Market Research (TMR), the global fuel additives market is moderately consolidated in nature, with top three companies reserving 28.5% of the global shares in 2014. These three companies were Afton Chemical Corporation, The Lubrizol Corporation, and Innospec. Some of the other key vendors operating in the fuel additives market identified by the report are BASF, Clariant, Chevron Oronite, Infineum, and Nalco. While BASF is the leading fuel performance packages provider, Afton Chemical Corporation attains its superior position because of its offers of gasoline performance additives, lubricity, diesel fuel additives, and cold flow improvers.

As per the projections of the TMR report, the demand in the global fuel additives market will increment at a robust CAGR of 8.3% during the forecast period of 2015 to 2023, reaching a valuation of US$2.64 bn by the end of 2023, considerably up from its evaluated worth of US$1.62 bn in 2016. In the near future, the leading companies in this sector are expected to engage in research and development activities to develop new products that increase efficiency and gain advantage over their competitors. Strict regulatory pressure and heavy initial investment for R&D keeps the new players from entering this market.

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Deposit Control Fuel Additives Profitable Product Segment

Product-wise, the report segments the global fuel additives market into antioxidants including amines and hindered phenols, cetane improvers, deposit control additives, lubricity improvers, corrosion inhibitors, stability improvers, cold flow improvers, and others such as dyes and markets, fuel dehazers, and metal deactivators. Among these, deposit control fuel additives continue to enjoy a strong preference by the automotive industry as they are used to cut down the excessive amount of overconsumption that takes place due to the formation of deposits on the injector nozzles. Deposit control fuel additives significantly improve the efficiency of the automotive engine and are a requirement as per government regulations in various countries, owning to the measures taken by them to control fossil fuel consumption.

North America Leads Demand among All Regions

Application-wise, the TMR report studies the global fuel additives market in the categories of gasoline, diesel, aviation fuel, and others such as heating oils. Geographically, the report takes stock of the potential of fuel additives market in the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Currently, North America serves substantially larger demand for fuel additives than other regions, which is a reflection of high awareness levels among the consumers regarding the benefits of fuel additives and stringent government regulations and standards. The growing consumption of ultra-low-sulfur diesel, which gives out very low emissions, is another trend favoring the increasing demand for fuel additives from the region of North America.

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Benefits of Ultra-low-sulfur Diesel Driving Demand

Stringent environment regulations, depleting quality of crude oil, prosperity of the automotive industry, and growing demand for clean and efficient fuel are some of the key factors driving the global fuel additives market. On the other hand, advent of alternate fuels, huge investment required for research and development of latest technology, lack of awareness among the end users, and stagnant demand for high-end gasoline are a few factors challenging the fuel additives market from attaining its true potential. Nevertheless, increasing preference of ultra-low-sulfur diesel and rapid urbanization in Asia Pacific is expected to open new revenue opportunities for the vendors of this market.

The information presented in this review is based on a Transparency Market Research report, titled, “Fuel Additives (Deposit Control Additives, Cetane Improvers, Antioxidants, Stability Improvers, Lubricity Improvers, Corrosion Inhibitors, Cold Flow Improvers, and Others) Market for Gasoline, Diesel, Aviation Fuels, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”

Booming Wind Power, Construction Sectors Drive Demand from Glass Fibers Market By 2024

The global glass fibers market is moderately consolidated and dominated by players such as Nippon Electric Glass Co. Ltd., Johns Manville, Owens Corning, PPG Industries Inc., Jiangsu Jiuding New Material Co., Saint-Gobain Vetrotex, Taishan Fiberglass Inc., Jushi Group, Chongqing Polycomp International Corp., and AGY Holding Corp. Establishing secure distribution mechanisms and export channels is a key tactic for players in the global glass fibers market and is likely to determine the direction of the market in the coming years. The diversity of application sectors of glass fibers has also become a key asset for the market, as it has enhanced the lucrative appeal of the market and enabled steady entry of new glass fiber producers.

According to Transparency Market Research (TMR), the global glass fibers market is expected to exhibit a robust CAGR of 7.5% between 2016 and 2024. The market’s valuation is expected to rise to US$17.4 bn by the end of the forecast period.

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Application in Building and Construction, Wind Turbines Vital for Glass Fibers Market

The key application segments of the global glass fibers market studied in the report are wind turbines, transportation, building and construction, consumer goods, and industrial applications. Of these, the building and construction sector accounted for close to a third of the global glass fibers market in 2016 and is likely to remain the leading contributor to the glass fibers market in the coming years. The diversity of application of glass fibers has been the prime driver for the global glass fibers market in the construction sector, and the widening disparity between the different kinds of construction projects required in today’s urban landscapes is likely to remain a key driver for the global glass fiber market in the coming years.

The wind energy sector is expected to make a notable contribution to the global glass fibers market in the coming years. Wind turbines make use of glass fibers on a large scale and their rising demand is likely to remain a key driver for the global glass fibers market in the coming years. The support being provided by developed as well as developing economies to the wind energy sector is likely to remain a key driver for the global glass fibers market in the coming year.

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Rising Construction Activities in Emerging Regions Drive Glass Fibers Market

The booming construction industry in emerging regions such as Asia Pacific is a leading contributor to the global glass fibers market. The sustained support for urbanization seen in numerous countries in the region has led to rising demand for new residential, commercial, as well as infrastructure construction, all of which account for significant demand from the global glass fibers market. Asia Pacific accounted for close to half of the global glass fibers market in 2014 and is likely to remain similarly dominant over the forecast period. The rising production of glass fibers in China and India is also a vital factor for the global glass fibers market, as these two countries are likely to emerge as leading exporters of glass fibers in the coming years.

The rising disposable income of consumers in emerging regions is also set to benefit the global glass fibers market in other ways, as glass fibers are used in a wide variety of consumer goods due to their favorable physical properties. The booming consumer goods industry in dynamic economies such as China and India is thus likely to remain a key contributor to the global glass fibers market, further aided by the rising role of these two countries as exporters of glass fibers.

The global glass fibers market is segmented as follows:

  • Glass Fiber Market  – Product Analysis
    • E-Class Glass Fiber
    • Performance Glass Fiber
  • Glass Fiber Market  – Application Analysis
    • Building & Construction
    • Transportation
    • Industrial
    • Consumer Goods
    • Wind Turbine
    • Others (Including Oil & Gas, etc.)

The information in this preview comes from a TMR report titled ‘Glass Fiber Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.’

Vanadium Compounds Market In Industrial Catalytic Sector – Main Driver For Market By 2025

Vanadium is a very hard metal which is light silvery in color, brittle, and stable in dry air at room temperature. It ranks seventeenth among the metals available in the earth’s crust but is considered to be rare as it is present in a dispersed form and its extraction and mining is very costly. Vanadium is not found in the elemental state but in a chemically combined form.

Vanadium compounds can be classified into the following segments: oxides, pentoxides, sulphates, and vanadates. They are present in various forms such as liquid, hydrous cake, and powder. Vanadium salts (potassium metavandate, ammonium polyvanadate, and sodium metavanadate) and solutions display highly selective catalytic features. Vanadium oxide, when doped with tungsten, has been examined for use as a “spectrally-selective” window coating to block infrared transmission and reduce the harm of building inner heat through windows. Vanadium pentoxide is used as a catalyst for sulphuric acid production, as a pigment, and in batteries.

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The vanadates include ammonium metavanadate, potassium metavanadate, and sodium metavanadate which find application in various fields. For instance, ammonium metavanadate is used as a synthetic catalyst for organic acids & in denitrification and as a corrosion inhibitor & a pigment. Potassium metavanadate is used as a corrosion inhibitor and a catalyst in desulfurization and denitrification. Sodium metavanadate is used as a pigment, catalyst in desulfurization, and corrosion inhibitor.

On the basis of application, the vanadium compounds market can be segmented into the following sectors: chemical catalysts, pharmaceuticals, pigments, and glaze. Vanadium compounds are used as catalysts for the oxidation of sulphur dioxide. Vanadium pentoxide is an excellent catalyst used in the contact process for the production of sulphuric acid – an important process in the chemical industry. Vanadium compounds are testified to exhibit insulin-enhancing properties when administered orally. Gastrointestinal absorption of vanadium is usually poor and depends on the chemical nature & solubility. These compounds are also employed in the pigments, ceramic, and paints industries. Ammonium metavanadate and sodium vanadate are responsible for the color of ceramic tiles and containers. Bismuth orthovanadate is a temperature-resistant yellow pigment employed in varnishes and plastics.

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The main driver for the vanadium compound market is the industrial catalytic sector. For instance, these compounds are used in the production of sulfuric acid using the contact process. The paints and ceramic industries also employ sodium vanadate and sodium metavanadate. Vanadium oxide is used for glass coatings, while vanadates offer protection to steel against corrosion and rust as well. All these factors drive the market.

Environmental and health hazards including eye, nose, and throat infections act as a barrier for the vanadium compound market. Other ill-effects include damage to nervous system and carcinogenic diseases. Vanadium compounds can cause inhibition to the enzymes in animals and in certain cases, lead to cancer.

The market for vanadium compounds is distributed over North America, Europe, Asia Pacific, and Middle East & Africa. The market of Asia Pacific is dominant, followed by Europe and North America. Demand for vanadium compounds is on rise in Asia Pacific due to the region’s burgeoning chemical industry. China possesses immense vanadium mines; therefore the vanadium compound market in this country is anticipated to expand.  Brazil is another significant market due to the industrial activities in this country.

Key players in the vanadium market include Treibacher Industries AG, Shinko Chemical, V-PubChem, Yogi Dye Chem, Forbes Pharmaceuticals, and Oxkem Limited.

Automobile Additive Market – Global Industry Analysis and Forecast | 2025

The global automobile industry has been expanding rapidly, led by the high demand for automobiles across the world. Stringent government regulations such as those related to emissions, primarily in the U.S. and Europe, have encouraged automobile manufacturers to develop hybrid and electric vehicles. Automotive manufacturers are the primary adopters of additive manufacturing or 3D printing (3DP) technology. Increase in application of 3D printing among automotive manufacturers is driving the production and design of automobiles.

The global automobile additive industry is expected to expand at a rapid rate during the forecast period. Economic recovery in the U.S. and Europe has led boosted the automobile market. This recovery has resulted in higher per capita income, easy credit facilities, and increased employment. This, in turn, is estimated to propel the automobile additive market. Automobile manufacturers are likely to increase their production capacities either through expansion of the existing facilities or installation of new facilities. Increase in usage of plastic in line with the changes in trend of using lightweight vehicles, implementation of stringent emission regulations, rise in the production of passenger cars, and electrification of vehicles are the major factors driving the automobile additives market.

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In terms of application, the automobile additive market can be segmented into exterior, interior, under the hood, and electronics & electrical. The interior application segment is anticipated to hold major share of the market due to the increase in usage of plastic. Demand for automobile additive is estimated to rise due to the increasing focus on safety, esthetics, comfort, quality, durability, and color. In line with this, the use of plastics in automobile has been rising due to the growth in demand for lightweight material vehicles and implementation of stringent emission regulations.

Based on plastic additives, the automobile additive market can be divided into plasticizers, anti-scratch, stabilizers, antioxidants, and others. In terms of plastic, the automobile additive market can be segregated into polypropylene (PP), polyurethane (PUR), polyvinyl chloride (PVC), and acrylonitrile butadiene styrene (ABS). Polypropylene is anticipated to be a rapidly growing segment, due to the increasing use of polypropylene plastics in the automotive industry. The application of polypropylene plastics is more than polyurethane, poly-vinyl chloride, and others. Furthermore, large production of passenger cars and electric vehicles in countries such as China, the U.S., and Japan is projected to augment the demand for polypropylene in these countries. In terms of vehicle type, the automobile additive market can be classified into passenger car, light commercial vehicle, heavy commercial vehicle, and electric vehicle.

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Based on geography, the global automobile additive market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is one of the key consumers of automotive additive across the globe. . Furthermore, demand of vehicle in developing countries and changing lifestyles also play a part in propelling the automobile additive market. Asia Pacific is estimated to be a rapidly growing region of the automobile additive market, as the region accounts for large production of passenger cars and electric vehicles. Major concern regarding fuel efficiency has also boosted the demand for automotive additives.

The Corporate Average Fuel Economy (CAFÉ) regulation emphasizes on lowering emission and increasing demand for lightweight materials in the automotive industry. This is likely to propel the automobile additive market. Growth in urbanization, rise in consumer spending, and rapid industrialization in Asia Pacific are estimated to augment the demand for additives used in automobiles. The automobile additive market in North America and Europe is projected to expand at a moderate pace during the forecast period due to the technological advancement and well established market.

Key players operating in the global automobile additive market include ExxonMobil Corporation, BASF SE, Covestro AG, Sabic, Akzo Nobel N.V., and The Dow Chemical Company.

Biopesticides Market: Growing Popularity of Organic Foods Augmenting Demand By 2023

According to the findings of a recent report by Transparency Market Research (TMR), the global biopesticides market is consolidated in nature with top five companies reserving 50% of the shares in 2014. Some of the leading companies identified by the report in the global biopesticides market are BASF SE, Bayer CropScience AG, Valent Biosciences Corp, Arysta LifeSciences, Novozymes A/S, and Dow AgroSciences. The market is currently in development stage and challenge from synthetic pesticides is stiff. Vendors of this market are finding it hard to demonstrate their products in order to convince farmers to switch off their traditional products.

As per the projections of the TMR report, the demand in the global biopesticides market will increment at a robust CAGR of 9.9% during the forecast period of 2015 to 2023, reaching an estimated valuation of US$4.17 bn by the end of 2023, significantly up from its evaluated worth of US$1.96 bn in 2015. DuPont, Bioworks, Syngenta, Nufarm, Stoller, ADAMA, Koppert, and Futureco Bioscience are some of the other key companies identified by this report on the global biopesticides market.

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Bioinsecticides Remains Most Profitable Product Segment

Product-wise, the global biopesticides market has been segmented into biofungicide, bioinsecticide, bioherbicides, and bionematicides. Owing to rising insect attack levels on crops as a result of frequent climate changes as well as growing demand for organic pest control are two important factors augmenting the demand for bioinsecticide. This product contains living bacteria that produce toxin that destroys insects. The popularity of bioinsecticides is a resul of its use for crop protection activities across the world, because several crop pests have gained immunity to other kinds of pesticides. Bioinsecticides are easy to use and are expected to remain the leading product segment in the near future.

Based on active ingredients type, the market for biopesticides has been bifurcated into microbial pesticides, biochemical pesticides, and plant-pesticides. Among these, microbial pesticides segment accounted for 57.7% of the demand in 2014 and are projected to increment the demand at the most prominent CAGR of 9.7% during the forecast period of 2015 to 2023. Based on application, the market has been categorized into on-farm application, post-harvest application, and seed treatment. On the basis of crop type, the market has been bifurcated into arable crops, permanent crops, and others such as forage grasses, turf and greenhouse crops.

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Geographically, the report takes stock of the potential of biopesticides market in the regions of North America, Asia Pacific, Europe, and the Rest of the World including Latin America, The Middle East, and Africa. In 2014, North America was the most lucrative region, accounting for 41.7% of the demand and is expected to remain most profitable throughout the forecast period. This sustained demand from North America is primarily from the developed country of the U.S., wherein organic food that are cultivated chemical-free are gaining popularity. On the other hand, Asia Pacific is also expected to turn into a profitable towards the end of the forecast period, gaining traction from the emerging economies of India and China, which houses enormous population base and have vast arable land.

Promotion by Government Agencies Raising Awareness

The global biopesticides market is gaining traction from several factors including the growth in the demand for organic foods, promotion by government agencies regarding the benefits of biopesticides, heavy crop loss due to pest attacks, awareness regarding the hazards of chemical pesticides, and rise in the costs of chemical pesticides and fertilizers. On the other hand, the lack of awareness, low adoption rate of these chemicals, lack of infrastructure, and low shelf life are some of the factors challenging the biopesticides market from attaining its true potential. Nevertheless, the author of the report expects the growth in bio-control seed treatment solutions and new target markets such as Asia Pacific and Latin America are expected to open new avenues for the vendors operating in this market.

Ceramic Tiles Market Sustained By Robust Residential, Commercial, Industrial Frameworks, By 2024

The global ceramic tiles market is prophesied to be privileged with a heightened demand across several regions of the world on account of a noteworthy upturn in construction activities due to rising urbanization. Gulf Cooperation Council (GCC) countries and various other economies such as Brazil and Turkey are anticipated to testify an extensive propulsion in the sale of ceramic tiles. In the next few years, the demand for ceramic tiles could escalate tellingly as a result of consumers gaining more aesthetical consciousness and witnessing an upward thrust in the increase of their disposable income.

Improving at a CAGR of 9.80% between 2016 and 2024, the market is well poised to attain a revenue valuation of US$178.1 bn by the end of 2024. In 2015, a revenue valuation of US$76.81 bn was recorded.

Floor Tiles Make Cut with Myriad of Residential, Commercial, Industrial Applications

According to an expert analysis of the world ceramic tiles market, vendors could cash in on the lucrative business of various products such as roofing tiles, ceiling tiles, wall tiles, and floor tiles. However, amongst these, floor tiles are predicted to receive a strong impetus in their demand throughout the forecast period. Out of the overall consumption volume of ceramic tiles in 2015, floor tiles had secured a dominating share.

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A broad range of flooring applications from residential to commercial and industrial is prognosticated to set the tone for a reliable growth in the world ceramic tiles market. Airports, railway stations, and other transport infrastructures besides educational institutes and hospitals require floor tiles at a consistent rate. As a result, the demand for floor tiles could stay higher in the foreseeable future.

Asia Pacific Clings to Overriding Consumption Rate to Top Market

In the present scenario, Asia Pacific is reported to secure a significant consumption rate for ceramic tiles. In 2015, the region had accounted for a colossal share of 65.6% in the overall ceramic tiles market. Bankable markets such as India, China, and South Korea are expected to draw an enormous demand for ceramic tiles owing to a rapid rise in urbanization leading to increased construction activities. Furthermore, this trend could continue until the next few years.

The construction sector in Asia Pacific could paint a lucrative outlook for the regional ceramic tiles market. A host of market opportunities are projected to take shape in the region as the demand continues to see a rise. Industry players operating in Asia Pacific could leverage the boost in consumption because of the shift in preference from metal slabs, marble floors, and other decorative offerings to ceramic tiles.

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Apart from Asia Pacific, the international ceramic tiles market is forecasted to find North America, Europe, Latin America, and the Middle East and Africa as key geographies to count on. In 2015, Europe had followed Asia Pacific in terms of consumption around the globe. The region is envisaged to benefit from a sudden increase in residential replacement activities. The demand for ceramic tiles in the region could be augmented further as the trend continues to prevail over the course of the forecast period.

The worldwide ceramic tiles market is envisioned to demonstrate a highly fragmented nature in the near future. In 2015, five leading companies, i.e. Lamosa Grupo, Siam Cement Group, Ras Al Khaimah Ceramics, Mohawk Industries Inc., and Kajaria Ceramics, had raised a paltry share of 7.7% in the overall market. Some of the other top manufacturers operating in the market are Saloni Ceramics, China Ceramics Co. Ltd., Ceramiche Atlas Concorde S.P.A, Florida Tile, Inc., and Crossville Inc.

Rising Demand for Eco-friendly Roofing Shapes Roofing Market By 2024

Roofing materials are a vital necessity in construction, as they comprise the primary barrier against natural elements such as rain. The growth of the construction industry in recent years has thus been vital for the global roofing market. The roofing market has benefited from the diversity of construction activities demanded across the world, as it has led to steady investment and consolidation of lucrative revenue avenues. The global roofing market is likely to exhibit consistent growth in the coming years on the back of the continued construction industry boom in developing regions.

According to Transparency Market Research (TMR), the global roofing market is likely to exhibit a CAGR of 6.4% between 2016 and 2024. The market, valued at US$71.2 bn in 2015, is expected to rise to US$124.5 bn by 2024.

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The essential driver for the global roofing market is the steady growth of the construction industry in developing regions and sustained demand for revenue generating operations from the construction industry in developed economies. Urbanization initiatives have picked up steam in several rising economies, which has driven the demand from the global roofing market, as a key part of the construction industry. Steady emigration from rural regions in underdeveloped regions is likely to lead to the formation of growing urban centers in several countries; the high volume of emigration is likely to ensure steady demand for new housing, leading to steady demand from the global roofing market.

While the roofing market is matured in developed regions such as North America and Europe, renovation activities aimed at staying abreast of changing environmental regulations are likely to play a key role in the roofing market in these regions. The global roofing market is likely to interact significantly with the energy conservation initiatives being supported throughout developed countries, as roofing materials are exposed to the elements and thus comprise a key part of the building in terms of its environmental impact.

Widespread adoption of environmentally oriented roofing systems could help establish an economy of scale, which would help players distribute the innovative materials in developing regions at affordable costs. High costs of advanced roofing materials remain one of the most influential restraints on the global roofing market, making these developments important for the market’s growth.

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Asia Pacific Likely to Sustain Strong Position in Global Roofing Market 

The rapid growth of emerging economies in Southeast Asia is likely to help the Asia Pacific roofing market in the coming years, leading to the region establishing firm dominance in the global roofing market. Apart from urbanization initiatives, which have become key parts of the economic plans of several Asia Pacific countries, industrial growth in dynamic economies such as India, China, Japan, and South Korea is also likely to contribute significantly to the growth of the roofing market in the region. Asia Pacific accounted for over 40% of the global roofing market in 2015 and is likely to remain similarly dominant in the coming years.

The Middle East is also likely to be a major player in the global roofing market in the coming years due to the rapid pace of construction in the affluent economies. Residential as well as industrial construction has prospered in the region in recent years due to the high pace of economic growth in countries such as the UAE, Saudi Arabia, Qatar, and Kuwait, and is likely to remain a key driver for the global roofing market in the coming years.

The report profiles leading players in the global roofing market in order to shed light on the market’s competitive dynamics. Key companies examined in the report include Johns Manville, Carlisle, GAF, Atlas Roofing Corporation, Firestone Building Products Company, IKO Industries Ltd., and Owens Corning.

Fatty Alcohols Market: Increasing Purchase of Beauty and Personal Care Products in BRICS Countries Improves Hopes, TMR

The global fatty alcohols market has been foreseen by Transparency Market Research (TMR) to exhibit a consolidated nature for the forecast period 2015–2023. Few of the major participants operating in the global fatty alcohols market have been anticipated to be VVF LLC, Kuala Lumpur Kepong Berhad (KLK), Musim Mas Holdings, Wilmar International Ltd., and Sasol Limited. A host of chemical manufacturers could be drawn toward a wealth of raw materials such as soy and corn available in Asia Pacific to commence their operations therein. Some of the chief strategies that have been prognosticated to be adopted by players include widening geographical presence and expanding product portfolio.

Expected to rise at a CAGR of 5.1% during the aforementioned forecast period, the global fatty alcohols market could reach a valuation of US$5.5 bn by 2023, according to a market intelligence publication penned by TMR. C11-C14 fatty alcohols have been predicted to attract a telling demand and dominate the global fatty alcohols market until the concluding forecast year on account of their broad applications. Increasing population and disposable income of China and India could support Asia Pacific to top the global fatty alcohols market in terms of share.

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Personal Care Sector Ups Demand for C11-C14 and C15-C22 Fatty Alcohols

The world fatty alcohols market has been prophesied to witness a sturdy progress on the back of a mounting usage of personal care ingredients and demand for detergents and other cleaning agents. Personal care products could engage fatty alcohols as emollients and emulsifiers at a surging rate in the coming years. The personal care sector has been anticipated to be key for the growth of products such as C11-C14 fatty alcohols that are chiefly used for producing primary foaming agents such as sodium laureth ether sulphate (SLES). On the other hand, moisturizers and lubricant bases and blending require C15-C22 fatty alcohols during their production.

Besides this, detergents and soaps had accounted for a colossal share in the recent past. Other applications such as fragrances and flavors, plasticizers, and lubricants could also rake in a handsome demand in the world fatty alcohols market. Vendors have been envisaged to leverage the enhanced lifestyle of emerging nations in Asia Pacific that could bring in some bankable prospects of growth in the world fatty alcohols market. Following Asia Pacific, North America has been forecasted to fuel the demand in the world fatty alcohols market while riding on stringent government regulations.

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Market Suffers Downslide with Toggling Prices of Raw Materials

The authors of the publication have foretold the international fatty alcohols market to be negatively affected by the excess production of fatty alcohols and volatile nature of raw material prices. Nonetheless, manufacturers could be advantaged by generous growth opportunities that have been projected to flesh out with the snowballing sale of beauty products and cosmetics in BRIC nations. Furthermore, technological developments coupled with an elevating consumer preference for renewable chemicals and organic personal care products have been envisioned to bode well for the growth of the international fatty alcohols market. Vendors could be pampered with more favorable prospects due to the shift in consumer preference toward bio-ingredient-based products and high global demand for hygiene products.

The global fatty alcohols market has been segmented as presented below:

Global Fatty Alcohols Market – Product Analysis

  • C6-C10 Fatty Alcohols

  • C11-C14 Fatty Alcohols

  • C15-C22 Fatty Alcohols

  • C23 Fatty Alcohols and above

Global Fatty Alcohols Market – Application Analysis

  • Detergents and Soaps

  • Personal Care

  • Plasticizers

  • Lubricants

  • Flavors and Fragrances

The information presented in this review is based on a TMR report, titled “Fatty Alcohols Market (Product – C6-C10 Fatty Alcohols, C11-C14 Fatty Alcohols, C15-C22 Fatty Alcohols, and C23 Fatty Alcohols and above; Application – Detergents and Soaps, Personal Care, Plasticizers, Lubricants, and Flavors and Fragrances) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Bio-Polyamide Market: Environment-friendly Nature of Raw Material Key Factor Driving Growth 2024

Transparency Market Research (TMR), in a recent report, states that the rising demand for bio-based and renewable raw materials across multiple manufacturing industries is a key factor propelling the bio-polyamide market. Titled “Bio-Polyamide Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”, the study takes into account the several factors aiding the growth of this emerging market and the many hurdles that stand in its way. The opportunities in the long run have also been highlighted, serving as the ideal blueprint for new and existing players in the bio-polyamide market.

Bio-polyamide finds extensive usage in a wide range of industries – automotive, textile, consumer goods, film and coatings, electrical and electronics, and industrial being the most prominent ones. The automotive sector enjoys a significant share in the overall bio-polyamide market owing to increasing vehicle production. Moreover, thanks to the environment-friendly nature of bio-polyamide, it finds special prominence in the automotive industry as regulations pertaining to recyclable materials become more stringent.

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Geographically, the bio-polyamide market can be fragmented into Latin America, North America, Europe, the Middle East and Africa, and Asia Pacific. Asia Pacific is known to hold a major share in the global market, with growing use of bio-polyamide in multiple end-use industries such as electrical and electronics, automotive, and textiles. The environment-friendliness of bio-polyamide is a key reason behind its extensive usage. Rapid industrialization in emerging economies such as Indonesia, China, and India is also a factor that has had a significant impact on the expansion of the bio-polyamide market in Asia Pacific.

Europe and North America are both strong contenders in the bio-polyamide market, thanks to strict government regulations pertaining to the reduction of carbon emissions. Higher automotive vehicle production in these two regions is also a factor driving the uptake of bio-polyamide.

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Asahi Kasei Corporation, Quadrant Engineering Plastics Products Inc., BASF SE, Li Peng Enterprise Company Limited, Radici Group, Honeywell International Inc., E. I. Dupont De Nemours & Company, Huntsman Corporation, SK Group, DOMO Group, Evonik Industries AG, Arkema, and Lanxess AG are among the leading players in the global bio-polyamide market.

Industry analysts have observed that the vendor landscape of this market is rather consolidated and just a handful of players account for a majority of the market share. Most companies have been spending on research and development activities so as to expand their footprint in the bio-polyamide market. In addition to this, they are focusing on developing new products and improving their manufacturing process. Larger enterprises are acquiring smaller and local companies in order to strengthen their market presence.

Energy Utility Analytics Market: Rising Energy Demand Worldwide to Remain Key Influencer of Growth By 2024

To capitalize on prevailing opportunities in the energy sector, companies operating in the utility and energy industry are transitioning from conventional to smarter energy systems to facilitate transmission of information in newer and more effective ways. In a report, titled “Energy Utility Analytics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” Transparency Market Research (TMR) provides a comprehensive overview of the various factors supporting or restraining the market’s trajectory between 2016 and 2024.

Energy utility analytics facilitate real-time analysis of various process, thus enabling in operation optimization via isolation of failures and inefficiencies. The global energy utility analytics market operates on paradigms such as risk management & vendor performance, spend analytics, demand forecasting, inventory optimization, logistics and routine analytics, and predictive analytics. Considering the surging energy demand, the report presents positive forecast for the global energy utility analytics market. Besides this, consumers nowadays are more willing to curb their energy consumption more than ever. Therefore the demand for energy consumption pattern among consumers has increased as well, which is expected to augur well for the global energy utility analytics market.

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In addition, favorable government initiatives have created an environment conducive to the market’s growth across major economies. Various policies adopted and covered under Advanced Metering Infrastructure (AMI) have significantly contributed to the market’s growth. Integrating analytics in the energy and utility sector has reaped positive results for the energy sector in the past. The whole monitoring and tracking operations have gotten easier with this integration, impelling more number of companies in the sector to invest in energy utility analytics. Also maintaining infrastructure and managing risks in the energy and utility sectors have become easier with the integration of energy utility analytics.

Among the various regional markets, North America has exhibited considerable adoption of energy utility analytics. Other lucrative markets for the same are Latin America, Asia Pacific, Europe, and Rest of the World. While developed countries command over a major share in the market, emerging nations are slowly coming at fore as their governments look for more advanced methods to keep track of energy consumption patterns. According to TMR, North America and Europe is expected to remain leading regional markets. However, during the forecast period, the market is expected to witnessing increasingly rising lucrative opportunities in the Middle East and Africa and Asia Pacific.

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By type, the global energy utility analytics market can be bifurcated into software and services. Based on application, load research & forecasting, predictive maintenance, and transmission and distribution are among the key segments in the global energy utility analytics market. Some of the prominent companies operating in this market are SAP SE, IBM Corporation, Eaton Corporation, Intel Corporation, Ericsson, Schneider Electric Company, Cisco Systems Inc., Oracle Corporation, Infosys, TIBCO Software Inc., Capgemini, and Wipro.

Biodegradable Plastics Market Sustained by Robust R&D Framework | 2023

The global biodegradable plastics market has made robust progress over the last few years due to growing government support and popularity due to widespread awareness about their benefits in terms of environmental conservation. Driven by the steady march of capitalism, the plastics sector has become a highly influential part of the global economy, but hasn’t been able to overcome the adverse environmental effects of conventional plastics. Plastic pollution has thus become a key concern in several countries across the development spectrum, making the biodegradable plastics market extremely important.

According to Transparency Market Research (TMR), the global biodegradable plastics market is expected to reach a valuation of US$17.6 bn by 2023. The market was valued at US$9.1 bn in 2016 and is likely to exhibit a robust 9.9% CAGR therein.

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Steady Innovation Crucial in Growth of Biodegradable Plastics Market

The global biodegradable plastics market has been sustained by rapid innovation, which has enabled the development of several viable methods of producing biodegradable plastics. Recycling conventional plastics into biodegradable variants has been a crucial part of the research landscape in the global biodegradable plastics industry, since this also eliminates the problem of growing plastic waste in addition to providing a sustainable way of production for the biodegradable plastics market.

Western Europe has been a leading regional player in terms of environmental innovation and thus plays a key role in the development of the global biodegradable plastics market. Two important developments in the global biodegradable plastics market occurred in Europe in June 2017: The discovery of a new pyrolysis technique by researchers at SYNPOL, an EU-funded project, and the development of biodegradable plastics from sugar and carbon dioxide by researchers at the University of Bath.

SYNPOL discovered a pyrolysis technique involving the simultaneous use of heat and microwave radiation to decompose organic waste into carbon monoxide, carbon dioxide, and hydrogen, a mixture known as syngas and one that can be used to develop building blocks for biodegradable plastic polymers. The syngas developed by SYNPOL’s technique even contains less carbon dioxide and more carbon monoxide than conventional mixtures, which makes it even more valuable. The gases are turned into building blocks for biodegradable plastics by genetically engineered microbes.

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Researchers at the Centre for Sustainable Chemical Technologies at the University of Bath developed a new form of biodegradable polycarbonates made from sugar and carbon dioxide that could replace conventional plastics. While conventional polycarbonates use harmful ingredients such as BPA and phosgene, the new material can be recycled readily or even reconverted into carbon dioxide and sugar by using soil bacteria. The manufacturing process of the new biodegradable plastic is also remarkable in that it can be conducted at room temperature and low pressures, which represents a significant technological advance for the global biodegradable plastics market.

Packaging Industry Likely to Lead Demand from Biodegradable Plastics Market

The global biodegradable plastics market is segmented by end use into packaging, textile, agriculture, electronic, injection molding, and the healthcare sector. Of these, the packaging industry is likely to remain the leading contributor to the global biodegradable plastics market in the coming years, due to the intrinsic need to dispose of packaging material after extracting the packaged item. The food and beverage industry is thus likely to be a key consumer in the global biodegradable plastics market due to the rising demand for packaged food across the world.

Geographically, Europe is likely to retain its dominant share in the global biodegradable plastics market in the coming years, supported by the promising research and development scenario in Western and Central European countries. Steady government support in many European countries to the development of long-term strategies to eradicate the threat of plastic waste is a key driver for the global biodegradable plastics market. Europe is likely to account for more than a third of the global biodegradable plastics market by 2023.

Nanosilver Market: Electronic and Electrical Industries Escalating Demand By 2023

A recent study by Transparency Market Research (TMR) has detected that since the global nanosilver market is in budding stage and the technology is capital-intensive, the opportunities are limited for new entrants, while a few manufacturers hold the lion share. The TMR report identifies Nano Silver Manufacturing Sdn Bhd, Applied Nanotech Holdings, Inc., and Bayer MaterialScience as some of the key players in the global market for nanosilver. Most of these companies either buy raw material from suppliers before processing them, or use in-house materials. The nanosilver produced is used internally or supplied to other end-use industries.

As per the estimations of the report, the global nanosilver market will expand at a robust CAGR of 15.4% during the forecast period of 2014 to 2020, reaching a substantial valuation of US$1.8 bn by the end of 2020. The analyst of the report has high hopes from the market for nanosilver, which is at the backbone of miniaturization trend in the electronic industry. Partnerships, capacity and business expansion, acquisitions, mergers, and product as well as application development is expected to define the leader of this market in the near future.

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Miniaturization of Electronic Devices Serves Maximum Demand

Based on end-use industry, the TMR report segments the global nanosilver market into electrical and electronics, food and beverages, healthcare, textile, water treatment, and others such as detergents and personal care. Among these diverse end-use industries wherein nanosilver is applicable, the electrical and electronic sector currently serves the maximum demand and it is expected to remain the most lucrative market segment in the near future. Increasing application of nanosilver in printing electronics including flexographic and inkjet printers, capacitors, miniature printed circuit boards, and printed sensors will keep the demand for nanosilver flowing from the electrical and electronics industry. The healthcare industry, wherein nanosilver is used for bandages, surgical blazes, and wound dressing, is anticipated to remain second most profitable end-use segment, ahead of the food and beverages as well as textile industries.

Geographically, the report takes stock of all important regions including North America, Asia Pacific, Europe, and the Rest of the World, and rates North America as most lucrative region. This significant demand from North America nanosilver market is primarily from the developed countries of the U.S. and Canada, wherein the electronics industry is booming and the healthcare infrastructure is robust. The food and beverage industry is expected to provide traction of Europe nanosilver market.

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Superior Electrical Connectivity Makes Nanosilver Highly Useful

Increasing application scope of nanosilver owing to its superior properties, the prosperity of the electronics and healthcare industries, rise in demand for industrial nanosilver from diverse end-use industries, decreasing price of nanosilver, government funding and support for the use of nanosilver, and increasing demand for antimicrobial coatings in several industries are some of the key factors driving the demand in the global nanosilver market. On the other hand, high price and concerns pertaining to the harmful effects of nanosilver on human health and the environment are a few glaring restraints that are expected to challenge the market for nanosilver from achieving its true potential during the forecast period. Nevertheless, technological innovation, economies of scale, and vast opportunities in numerous sectors are a few favorable trends of the global nanosilver market.

The author of the report credits the high electrical conductivity of silver that makes it widely used across consumer electronics as key factor that will keep the demand incrementing in the near future. As nanosilver exhibits high performance level, it will eventually replace traditional silver used in the manufacture of electronics, according to the author.

Key Segments of the Global Nanosilver Market

Nanosilver Market – End-user Analysis

  • Electrical & electronics
  • Healthcare
  • Food & beverages
  • Textile
  • Water treatment
  • Others (Including personal care, detergents, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Nanosilver Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020.”

Paperboard Packaging Market Driven by Rise of F&B, Cosmetics Industries | 2024

Paperboard is a material obtained by attaching multiple paper strips together to create a thick and more durable material. Paperboard is more resistant than single sheets of paper to almost all environmental agents, and presents a cheap mode for packaging large quantities of materials. Due to this, the global paperboard packaging market has witnessed robust growth in the last few years and is likely to remain a key part of the global packaging sector in the near future. Apart from the cheap prices of paperboard packaging, the global paperboard packaging market has also received steady demand due to the light weight of paperboard packaging, which makes long-distance shipping easier. Despite the low weight, paperboard packaging represents a sturdy option for packaging most items.

According to Transparency Market Research (TMR), the global paperboard packaging market was valued at US$122.7 bn in 2015. Exhibiting a strong 7.1% CAGR between 2016 and 2024, the market’s valuation is expected to rise to US$227.4 bn.

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Food and Beverage, Cosmetic Industries Likely to be Vital for Paperboard Packaging Market

The global paperboard packaging market has been driven in recent years by the steady rise of urban-centric industry sectors such as the food and beverage industry and cosmetics industry. The former is likely to remain the key consumer in the global paperboard packaging market in the coming years due to the rising demand for packaged food from busy, urban consumers. The cosmetics industry has also benefited from the steady rise of an affluent consumer demographic in urban centers across the world and is likely to comprise a key part of the global paperboard packaging market in the coming years. The rising international trade of packaged fresh food such as produce is likely to play a key role in the development of the global paperboard packaging market in the coming years.

By product type, the global paperboard packaging market is segmented into containerboard and boxboard. Of these, containerboard products are likely to dominate the global paperboard packaging market in the coming years. Significant technological innovation could be seen in the product lineup in the global paperboard packaging market in the coming years as producers attempt to overcome the growing competition in the market by providing enhanced products with characteristics such as water-resistant linings. Coatings for the purpose for safety and functionality have also become popular in the global paperboard packaging market are likely to remain a consistent part of the industry in the coming years.

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Asia Pacific Paperboard Packaging Market Set for Strong Progress due to Growth of Ecommerce

Regionally, Asia Pacific is the leading contributor to the global paperboard packaging market, due primarily to the steady growth of the food and beverage and personal care products industries in the region’s dynamic economies. While developed regions such as Europe and North America contain matured paperboard packaging markets, the vast unmet potential of the ecommerce sector in developing Southeast Asian countries is likely to consolidate the position of the Asia Pacific paperboard packaging market as the leading regional contributor in the coming years. Similarly, Latin America is likely to be important to the global paperboard packaging market in the coming years due to the presence of strong developing economies.

Green Waterproofing Products Market – Rising Emphasis On Environment-Friendly Construction Products, By 2024

The rising demand for eco-friendly building and construction materials world over is positively impacting the evolution of the green waterproofing products market. The rapidly increasing initiatives to minimize the environmental impact of the roofing systems in cities and towns of various regions is paving the way for the growth of the market. A new report penned by Transparency Market Research (TMR), titled “Green Waterproofing Products Market – Global Industry Analysis, Size, Share, Trends, and Forecast 2016–2024” includes a detailed assessment of these trends and more shaping the growth of the market.

The research offers an in-depth insight into the current market status, emerging trends in the chemicals and waterproofing industry, recent technological advances in waterproofing products, and lucrative growth avenues in various regions. The study takes a closer look at the major developments in sustainable waterproofing solutions expected to impact the competitive dynamics of the market along the forecast period. It offers recent product launches by major manufacturers and highlights their investment on research and development of innovative solutions. Over the past few years, there has been an increasing impetus on considerably increasing the life span of construction materials in concrete and roofs, thereby boosting the green waterproofing products market.

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The rapid on pace of industrialization in several developing nations has spurred investments in construction of commercial buildings. Concurrently, there is an increasing focus on the use of eco-friendly construction materials to reduce the carbon footprint of these buildings. This has positively impacted the growth of the green waterproofing products market.

A number of architects, contractors, engineers, and developers are increasingly using green construction materials to enhance the longevity of constructions and meet stringent sustainable standards, thereby boosting the market. The rapid rate of urbanization in various emerging and developed economies has further fueled the demand for green waterproofing construction products.

In addition, green waterproofing products are helpful in minimizing leakage, urban heat island effect, and energy costs. In addition, they are found to prevent leakage of roofs for long periods and enhance the water-repelling features of additives used in the processing of polymers and paints. This has boosted the application of green waterproofing products.

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However, the lack of awareness and the paucity of skilled workers are factors likely to impede the green waterproofing products market. Nevertheless, several manufacturers are offering high-performing products that are free from volatile organic compounds (VOC), harmful solvents, and diluents, which is projected to bolster the uptake. They are also focusing on developing newer building methods and breakthroughs in formulations, which is anticipated to open up exciting opportunities in the market in the years.

Geographically, Asia Pacific is expected to rise at a significant rate over the forecast period. The growth of the regional market is attributed to the burgeoning construction industry, the rapid pace of urbanization and industrialization, and a rise in construction of residential buildings.

Major players eyeing a sustained share in the green waterproofing products market include Columbia Green Technologies, Ultraseal, Dr. Fixit, Nikwax, and Nanex.

Lignosulfonates Market: Manufacturers Zone in to Construction Boom for Higher Demand, TMR

The global lignosulfonates market has so far been moderately consolidated, and is likely to stay that way for the immediate future, according to Transparency Market Research. In their recent research report on the market, TMR states that the leading manufacturers of lignosulfonates are progressing fast in terms of regional expansion and production capacities. A lot of the leaders in the market are seen to show a significant amount of interest in emerging economies, where they are setting up more and more facilities.

According to TMR, the global lignosulfonates market has so far been led by players such as Nippon Paper Industries Co., Ltd., Flambeau River Papers, and Tembec, Inc. The report reveals that the market is expanding at a steady CAGR of 3.8% within a forecast period from 2016 to 2024. The market is expected to reach US$960.2 mn by the end of 2024, after it was evaluated at US$691.9 mn in 2015.

Sodium Lignosulfonate in High Demand Globally

Among the product types presented by the global lignosulfonates market, sodium lignosulfonate has been the leading segment in 2015, with a share of nearly 40% in the global scenario. This product is known for its low cost and its wide array of applications across nearly all aspects of the market. It is likely to remain in the lead over the coming years for the same reasons. Meanwhile, calcium lignosulfonate, which has been second on the list of highly used lignosulfonates, has been slowly gaining popularity owing to its growing use in oil well additives and animal feed binders.

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From a regional perspective, OPEC nations are expected to boost the growth rate of the global lignosulfonates market over the coming years, while the scope of lignosulfonates applications rises in the MEA region.

Construction Industry Ramps Lignosulfonates Demand

“The construction industry has long since been the primary segment of application for the global lignosulfonates market. The use of lignosulfonates as super-plasticizers or plasticizers in concrete admixtures is already quite popular. They are also used in chemicals meant for water reduction, making them highly viable chemicals in the construction industry within tropical regions. These applications for lignosulfonates in the construction industry have intensified over the recent past, thanks to the swift rate of increase in construction activities, especially in emerging economies,” states a TMR analyst.

Europe, which held the leading share of more than 35% in the global lignosulfonates market in 2015, is expected to show a decent rate of growth over the coming years. However, propelled by the massive growth in construction activities in both private and public sectors in Asia Pacific, the market for lignosulfonates here is expected to show a phenomenal rate of growth between 2016 and 2024.

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Lignosulfonate Animal Feed Applications Continue Success Story

Meanwhile, the applications if lignosulfonates in animal feed binders is expected to rise at a very swift pace over the coming years, attributed to the advantages it provides, including improved palatability of animal feed, easier waste segregation, and reduction in overall waste generated. This segment already held the leading application scope in 2015, taking up more than 35% of the global lignosulfonates market for the year. Current market trends suggest that this application segment is likely to remain in the lead over the coming years, due to the growing awareness of the advantages of using lignosulfonates in animal feed binders across emerging economies, where the animal husbandry industry is currently showing a massive scale of growth.

The information presented in this review is based on a Transparency Market Research report, titled, “Lignosulfonates Market (Products – Calcium Lignosulfonate, Sodium Lignosulfonate, and Magnesium Lignosulfonate; and Applications – Oil Well Additives, Concrete Admixture, Animal Feed Binder, Dust Control, and Tiles and Bricks) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

Specialty Oilfield Chemicals Market – Improves Recovery Of Oil From Oil-Well, Research 2024

The specialty oilfield chemicals market is a multi-million market, which includes a wide array of specialty chemicals employed for a broad range of purposes. The major products offered within this market encompass industrial and institutional cleaning chemicals, specialty advanced polymers, pesticides, and construction chemicals among several others. The main purpose of specialty oilfield chemicals is to improve the recovery of oil from the oil-well. These chemicals are utilized during various processes involved in oil recovery from the oilfield such as drilling, exploration, production and maintenance.

Applications for specialty oilfield chemicals include corrosion inhibition, scale inhibition, pest control, demulsification, foam control agents, emulsifying agents, gelling agents, friction reduction, fracking agents, anti-freeze agents, dispersing agents, etc. These chemicals are used in oilfield functions such as in drilling fluids, well stimulation, oil production, well cementing, oil recovery, work-over and completion. Most chemicals are used for specific purposes throughout the production lifecycle of an oilfield. However, certain chemicals solve more than one purpose, especially surfactant chemicals. Alternately, more than one chemical can be used for a specific function in oilfield applications.

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Most of the specialty oilfield chemicals in use today are of synthetic origin. Synthetic chemicals are preferred owing to lower prices, steady availability and customizability. However, there are natural substitutes as well for several synthetic based specialty oilfield chemicals. The natural based chemicals such as guar gum are costlier and limited by seasonal supply. Additionally, farmers as well as governments across the world prefer food crops over such cash crops over lingering food security concerns amongst rapidly growing world population.

Global Specialty Oilfield Chemicals Market: Trends and Prospects

The global specialty oilfield chemicals market is primarily driven by the high demand for energy production. Oil is the basic fuel source across the world for most industrial and many domestic activities. Additionally, the current shale gas revolution is expected to further boost demand for specialty oilfield chemicals globally. However, stringent regulations against chemicals potentially harmful for the environment and costly disposal procedures for chemicals after use are anticipated to hinder market growth. Development of new environment friendly products and solutions that comply with regulations laid down by global and regional regulatory authorities might present prospective opportunities for further demand growth.

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Global Specialty Oilfield Chemicals Market: Regional Overview

In terms of geography North America is estimated to be the leading consumer owing to the high growth in the number of oilfield exploration and deep drilling activities. Additionally, the shale gas revolution has instilled renewed vigor in oil extraction and lead to increase in the demand for specialty oilfield chemicals market. Latin America, Eastern Europe, The Middle East, and Asia Pacific are amongst other rapidly growing markets. These markets are characterized by increasing oil exploration and drilling activities owing to rapid industrial growth in the regions. Most of the investment activities are concentrated on expansion into emerging markets such as Asia Pacific, Latin America and Eastern Europe. The market players are looking to enhance their footprints in the high growth regions mentioned above and take advantage of lower land and labor costs and lenient regulatory norms. Western Europe is expected to face slower growth amidst economic crises in the euro zone countries.

Global Specialty Oilfield Chemicals Market: Key Players

The specialty oilfield chemicals market is fragmented with major global players investing heavily in global mergers and acquisitions to consolidate the market. Some of the key market players include Ashland Inc., BASF SE, The Dow Chemical Company, Clariant AG, E.I. Du Pont De Nemours & Company, Solvay SA, The Lubrizol Corporation, Akzonobel NV, Baker Hughes Inc. and Kemira OYJ among others.

GCC Molded Plastics Market: Construction Industry Sustaining Demand, says TMR

According to the findings of a recent report by Transparency Market Research (TMR), the molded plastics market in Gulf Cooperation Council (GCC) is highly fragmented, with ten leading companies accounting for merely 40% shares of the global pie in 2014. On the other hand, on the basis of geographical distribution, the GCC molded plastics market is consolidated, with Saudi Arabia accounting for 60% of the plastic converters while 15% belonged to the UAE. As for the new entrants, the report detects that since most of the prominent vendors have relatively smaller production capacity ranging from 10 to 50 kilo tons, higher production capability aimed at specific regional pockets will pave the way.

As per the projections of the TMR report, the GCC molded plastics market will increment at a strong CAGR of 8.3% during the forecast period of 2015 to 2023, reaching a valuation of US$14.22 bn by the end of 2023, considerably up from its evaluated worth of US$7.19 bn in 2014. Though there are a vast number of suppliers of molded plastics in GCC, there also are plenty of untapped growth opportunities, and expansion strategies as well as improved product portfolio will help the companies to strengthen their stronghold over the competition.

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Packaging and Construction Industries Driving Demand

Based on application, the GCC molded plastics has been segmented into building and construction, automotive and transportation, packaging, consumable and electronics, and others such as furniture and toys. Among these, the packaging industry accounted for the maximum demand at 52% in 2014, and is expected to remain most profitable, reaching a share of 56% of the overall demand by the end of 2023. The prosperity of the packaging industry in Gulf Cooperation Council is a reflection of consistently improving trade activities and the growth of the industrial as well as consumer goods sectors.

The products packaged with molded plastics undergo several development phases in order to comply with regulatory guidelines and the requirement of the end users. Enhanced performance against wear and tear, increased shelf life of food products, improved durability are some of the requirements that plastics need to meet for packaging applications. The population of this region has escalated quickly in the past decade, which has helped in creating manifold growth opportunities for molded plastic packaging market.

The building and construction is flourishing in GCC as well, wherein molded plastic are used to manufacture rain water & sewage pipes, electrical conduits, windows & doors, gas distributions pipes, plumbing, tanks, flooring tiles & rolls, and others. The medical and automotive are also expected to maintain significant demand rolling-in in the GCC molded plastic market.

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Country-wise, the report studies the potential of molded plastic market in Saudi Arabia, Qatar, UAE, Kuwait, Bahrain, and Oman, and picks out Saudi Arabia as most profitable country, while the UAE and Kuwait are rated to expand the demand for molded plastic moderately during the forecast period, primarily gaining traction from the construction industry.

Medical Sector Opening New Avenues

Rapid growth of the packaging industry in the Middle East and the prosperity of the construction industry are two prominent drivers of the GCC molded plastics market, which on the other hand, is facing challenge from the unpredictable demand patterns of economic and political stability. Improved product portfolio to cater to diverse sectors and research and development are two key strategies adopted by the leading vendors to gain ground over their competitors. The popularity of lightweight materials and growing application in the medical industry is expected open new avenues for the GCC molded plastic market.

The information presented in this review is based on a Transparency Market Research report, titled, “Molded Plastics Market – GCC Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -2023.”

Fencing Materials Market Rising Demand For Decorative And Innovative Home Products, By 2025

A fence is an enclosure used for a property or a region. It is a barrier enclosing a border or a field or a yard. A fence is not a wall, as it does not have a solid foundation along its whole length. It is constructed from posts that are connected by boards, wires, rails, or netting. A fence is usually constructed to prevent entrance, to confine, or to mark a boundary.

A fence can be made from different materials. Based on material, the fencing materials market can be segmented into metal, wood, plastic & composite, concrete, and other materials. The metal segment dominates the fencing materials market, as metal fences are durable and require low maintenance. Ornamental metal fencing is expected to expand at a rapid pace, as increasing number of consumers believe that these fences enhance the exterior appearance and value of properties. However, chain link fencing is anticipated to continue to be the major category of metal fencing in terms of demand due to its low cost and durability. Wood and plastic & composite segments follow the metal segment.

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Plastic & composite is projected to be a rapidly growing segment of the global fencing materials market owing to the durability of the material and negligible repair and maintenance requirements. Demand for wood fencing is expected to remain higher than that for plastic and composite fencing during the forecast period, primarily due to its lower cost. The plastic & composite fencing segment is anticipated to register fast rate of growth in value and volume. Plastics and composites have longer lifespans, are less susceptible to damage caused by the elements, and offer long-term color consistency.

Increase in adoption of high value fencing materials such as ornamental, metal, and plastic & composite lumber is anticipated to boost the demand for fencing materials in the near future. The growth of fencing materials market is driven by rising building construction expenditures. Rise in adoption of high value fencing materials such as ornamental, metal, and plastic and composite lumber will further boost demand. These materials have the ability to improve the appearance and value of the properties where they are installed

Based on application, the fencing materials market can be divided into residential, agricultural, and industrial. Residential is the major application segment of the fencing materials market. The residential segment accounts for the key share of fencing materials market. It is estimated to outpace the other segments during the forecast period. Increase in construction and remodeling activities is projected to drive the segment in the next few years. Sustained growth in housing completions and rising expenditure on residential improvement and repair are likely to boost the demand for fencing materials during the forecast period.

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As consumer confidence continues to grow, an increasing number of homeowners is expected to undertake home improvement projects, including the addition of new fences and repair of the existing ones to improve the appearance and value of their properties. Rise in need to safeguard farm animals, crops, and farm areas from wild animals and thieves is anticipated to propel the demand for fencing materials in the agricultural sector. The industrial segment is anticipated to expand owing to the rise in demand for fencing materials in schools, colleges, and industrial premises.

North America is anticipated to dominate the fencing materials market, followed by Asia Pacific and Europe, due to the rise in demand for decorative and innovative home improvement products in the region. On the other hand, Asia Pacific is expected to be a rapidly growing region for the fencing materials market owing to the large number of construction projects and developments in the agricultural sector.

Key manufacturers operating in the global fencing materials market include Betafence NV, Bekaert, Jerith Manufacturing Company Limited, Associated Materials LLC, Ply Gem Holdings Incorporated, Long Fence Company Incorporated, Poly Vinyl Company Incorporated, Gregory Industries Inc., and CertainTeed.