Pyridine Derivatives Market Restraint Analysis, Product Estimates & Forecast by 2018

Global Pyridine Derivatives Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Pyridine is a heterocyclic compound formed by chemically breaking down naturally occurring constituents such as coal or tar. Pyridine’s chemical formula is C5H5N. It has an unpleasant odor, and it is a colorless liquid. Pyridine is a base, and extremely flammable. Pyridine is also found in pyrogenic oil. Moreover, from acetaldehyde, formaldehyde and ammonia pyridine is synthesized, and found in coal tar.

Additionally, the increasing demand for pyridine owing to its numerous applications, such as an agrochemical, in pharmaceuticals, etc. is driving the demand for pyridine market. The rising usage of vitamin B3 (beta picoline) that is derived from pyridine is driving the pyridine derivative market. Also, it is used in the production of textiles and dyestuff. Alpha picoline is used in the other agrochemicals, gamma picoline, and latex, and in 4-vinylpyridine. Pyridine Derivatives Market is categorized based on product type, applications, and geography. Pyridine Derivatives Industry is categorized based on product types such as Pyridine, Gamma Picoline, Beta Picoline, Alpha Picoline, Others. Pyridine Derivatives Industry is categorized based on application into Pharmaceuticals, Agrochemicals, Latexes, Food, Others.

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Pyridine Derivatives Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe). Asia-Pacific has been at the forefront with regards to Pyridine Derivatives Industry and will continue to rule the roost in the years to come. Due to the rising population, growing demand for low farm produces, food, and increasing pharmaceutical industry in the region. Manufacturers of pyridine derivatives are pointing this region as it has the rapid-growing industrial sector.

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Some of the key players that fuel the growth of the Pyridine Derivatives Market include Resonance Specialties Limited, Vertellus Specialties Inc., Weifang Sunwin Chemical Company Limited, Bayer AG, Shangdong Luba Chemical Co. Ltd., Mitsubishi Chemical Company, Red Sun Group, Lonza Group Ltd., Jubilant Life Sciences, and Koei Chemical Company Limited. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Pyrethroid Insecticide Market - Regional Estimates & Trend Analysis by 2018

The global Pyrethroid Insecticide Market is likely to display a significant growth in the near future owing to augmentation in the applications and expansion of the scope across various sectors. Pyrethroid Insecticide is a type of pesticide that is prepared taking into account the study of the natural pyrethrins. The particular chemical functions by aiming at sodium channels existing in the cell membranes of the pest’s nervous system. The manufacturers are adopting various sustainable as well as ecological pest controlling practices that is ultimately boosting up the overall pyrethroids market growth. The Pyrethroid Insecticide Industry is attaining huge recognition across various sectors owing to burgeoning demands and prerequisites.

It is significant that the Pyrethroid Insecticide market is budding at a higher CAGR. The prime causes for the positive market growth may encompass robust industrialization, urbanization, augmented demands for food, technological enhancements, reduction in the land, product development, mounting awareness levels among the end users, rising benefits of the product, efficient insect curbing, burgeoning applications across agricultural sector, and mounting investments by the leading investments.

Also, the manufacturers are taking up various strategies such as partnerships, acquisitions, and joint ventures that is ultimately contributing in the inorganic growth of the Pyrethroid Insecticide Market. On account of all the above factors, it is estimated that the market will register a healthy CAGR in the upcoming period. The factors that are impeding the overall growth of the market may entail implementation of strict environmental regulations on pyrethroids and rise in the concerns among the end users regarding the products toxicity.

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Pyrethroid Insecticide Industry can be split by product type, application, and geography. This industry is segregated by product type as Cypermethrin, Permethrin, Deltamethrin, Allethrin/Bioallethrin, Bifenthrin, Cyhalotrhin, and others. Among all the product types, the Deltamethrin segment is taking up a significant amount of share in the market. Pyrethroid Insecticide Industry is segregated by application as non-crop-based application, crop-based application, and others. Crop-based application segment involves Cereals & grains, Fruits & vegetables, Oilseeds, and others. Non-crop-based application can be further categorized as Turf & Ornamental Grass, and others.

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Among all, the crop-based application is holding the largest share in the market. Pyrethroid Insecticide Market is segmented by geography as North America, Europe, China, Japan, Southeast Asia, and India. Geographically, Asia Pacific is the largest share in the Pyrethroid Insecticide market and it is estimated that the region will continue dominating the market until next couple of years. The factors that can be attributed to the market growth may entail augmented demands in various countries and rising agricultural activities.

Countries including China and India can be deemed as major contributors in the market growth. Conversely, North America is likely to experience the highest growth in the near future owing to rise in the market growth opportunities in the region. The key players operating in the robust development of the Pyrethroid Insecticide Industry are identified as Bayer CropScience AG, United Phosphorus, Dow AgroSciences, Nufarm, BASF SE, and Syngenta.

Preservatives Market|Value Chain Analysis & Company overview 2018

Global Preservatives Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. A preservative is a substance or a chemical that is added to products such as pharmaceutical drugs, food, paints, beverages, biological samples, wood, cosmetics, and many other products to avoid decay by microbial growth or by undesirable chemical variations.

In general, preservation is executed in two modes; physical and chemical. Chemical preservation involves addition of chemical compounds to the product. Physical preservation needs procedures such as drying or refrigeration. The preservatives reduce the risk of microbial spoilage, food borne infections, and preserve fresh characteristics and nutritional quality of the product. Preservatives Industry is categorized based on product type, applications, and geography. Preservatives Market is categorized based on product types such as Organic Solvent Preservatives, Inorganic Preservatives, Ester-Type Preservatives, and Natural Antiseptic. Preservatives Market is categorized based on food application into Bakery and confectionery, Beverages, Snacks, Dairy & frozen products, Meat, Milk products, Oils & fats, Fruits and Vegetables, Poultry & sea food, Other Applications.

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Preservatives Industry is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

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North America has been at the forefront with regards to Preservatives Industry and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Preservatives Market include BASF SE, Brenntag AG, Archer Daniels Midland, Kerry Group, Cargill In, Celanese Corp, Corbion NV, Chr. Hansen A/S, Danisco, DuPont, Galactic SA, DSM Food Specialties BV, Kemin Industries, Hawkins Watts, Univar, Tate And Lyle PLC. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Methyl Ethyl Ketone (MEK) Market - Regional Estimates & Trend Analysis by 2024

21 Jan 2019 - The global Methyl Ethyl Ketone (MEK) Market was valued at USD 2.56 billion in 2015 and is anticipated to reach USD 4.01 billion by 2024. Methyl-ethyl-ketone (MEK) is a colourless and a harsh smelling carbon-based compound. It is commonly identified as butanone. It is characterized by outstanding chemical properties including high viscosity, low boiling point, high solvency and high evaporation rate owing to which it is used as a solvent across several applications. This liquid has a sweet smell indicated the presence of acetone and butterscotch, hence is produced on a large scale in the industries. Photo-oxidation of air pollutants such as hydrocarbons and butane results in the form of MEK. It is widely used in industrial applications as it is easily soluble in water. The primary usage of MEK is as a solvent in processes involving gums cellulose acetate, resins and cellulose nitrate. Other end use applications where MEK is used include domestic products such as lacquer and varnishes, synthetic rubber, paraffin wax and glues as well as paint remover.

MEK is a liquid solvent used in chemical intermediates, adhesives, printing inks, magnetic tapes and lube oil dewaxing processes. Solvent is suitable for surface coatings that help in reducing emissions from its highly efficiency and versatility. It is used in chemical manufacturing, particularly for drugs and cosmetics. Other uses of MEK include surgical instruments sterilization and vegetable oil extraction. MEK market is expected to be driven in the foreseeable future by its widespread use in industrial sectors including feedstock and intermediate chemical applications such as additives in furniture polishes, rubber based cement, pharmaceuticals and PVC piping applications. MEK is acts as a natural component in foods, a wide assortment of cheeses, beans, honey, chicken and apple juice. MEK is also found in drinking water and surface water at numerous sites. One can also come I contact with MEK through contact with household products which contains chemicals or even at the workplace. The quantity, frequency and length of exposure can affect the health of a person.

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Effects can vary from irritation and headaches to severe damage to skin and nervous system. However, with strict government regulations and rising environmental concerns, the market is expected to experience a downturn as MEK has been marked for its harmful nature in Toxic Substances Control Act by EPA among others. Secondary challenges that can hamper market growth include presence of substitute compounds and raw material price sensitivity. The global MEK market is led by a few manufacturers, particularly based out of China. Despite this, the MEK demand is anticipated to be comparatively slow. Nonetheless, its global supply is expected to rise considerably after the revival of Asia’s leading facility situated in China that had been closed down in 2011 due to damages caused by earthquakes.

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Application Insights

The compound is used as a solvent in various applications and primarily in paints& coatings and printing inks owing to its properties such as low boiling points and low viscosity. Other applications include rubber-based industrial cement, textiles, plastics, cleaning agents and PVC piping. In the pharmaceutical industry, MEK is used in resins and thinners that are applied as lacquers/solvents. In addition, MEK peroxides are used as a catalytic agent in the polymerization process of polyester resins. Global demand for MEK is driven by the rising demand for paints and coatings from furniture, automobile and infrastructural industries. The higher solvency and lower density of ketones compared to the corresponding ester substitutes contribute to reduced VOC content just by changing to ketone solvents such as MEK. Owing to the dual functionality, MEK has slow evaporation rate, complete solubility in water and high solvent strength which gives it a unique advantage as a solvent in water-based coatings. For achieving stable production rates and minimizing operational challenges in the production system of MEK, the primary areas requiring attention are Instrumentation and metallurgy in process control parameters, scheduled maintenance and Inspection and acid handling areas.

Regional Insights

The global market is segmented into four regions: North America, Europe, Asia Pacific, and Row. Asia Pacific is expected to dominate the MEK industry and emerge as the market leader. This can be attributed to the steady growth in paints &coatings market resulting from heavy consumption in manufacturing and construction industries. The European market is anticipated to experience uniform growth trends on account of stringent regulations and increasing concerns regarding health and fitness which are restraining the use of methyl ethyl ketone in this region. Market demand in the U.S is projected to be stable, and the declining prices are expected to further increase its demand in the coming years.

Competitive Insights

Key participants of the methyl ethyl ketone market include Arkema S.A., Shell Chemicals, Exxon Mobil, Sasol Solvents, Maruzen Petrochemical Co Ltd., SK Energy Co Ltd., Petro China, Lanzhou Petrochemicals and Idemitsu Kosan Co. Ltd.

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Fatty Acid Esters Market Analysis, Formulation & Cost Validation|2022

16 Jan 2019 - Global Fatty Acid Esters Market was valued at USD 1,830.2 million in 2014 and is expected to reach USD 2.44 billion by 2022, with a CAGR of 4.6%. Fatty Acid Ester market is expected to witness robust growth over the forecast period owing to the increasing demand in the food industry, cosmetics, and personal care. In the food industry, Medium chain triglycerides (MCT) are used in weight loss programs as they have fat-burning properties and low calorific content.

In addition, FEAs such as polyols esters and emollient are gaining importance as they have a positive impact on the growth of bio-based and natural ingredients in personal care and cosmetic industry. The natural ingredients used in lotions and creams for infant care, hair, and skin, helps in substituting synthetic and toxic chemicals which are harmful for the personal use. Also, the fatty acid ester from natural ingredients are inexpensive as compared petroleum-based and synthetic chemicals. The manufacturers and consumers are progressively adopting these products so as to prevent from high production cost and various climatic changes. The rising obesity and growing concern related to beauty and fitness are the factors projected to stimulate the market growth. Moreover, the regulatory policies and escalating consumer awareness level regarding bio-based products and polymers are the key factors presumed to drive the development of this industry.Technological advancement is one of the vital factors expected to increase the efficiency and production of FEAs owing to genetic engineering. Furthermore, the evolving fatty profiles of vegetable oils such as sunflower oil, palm oil and canola and the introduction of high-yielding crops are estimated to escalate the production of FEAs.

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The increasing entrenched oil consumption due to the proliferation of processed fried foods is anticipated to drive the demand in food industries. In addition, rising living standards and declining edible oil prices are other drivers projected to fuel the growth of global fatty acid ester market.The market on the basis of the product is segmented into isopropyl esters (isopropyl myristate and isopropyl palmitate), glycerol monostearate (GMS), medium chain triglycerides (MCT), and other esters such as sucrose, polyol, and emollient. GMS is expected to hold the largest market share owing to the high usage in food industry mainly for frozen foods and ice creams as thickening agent and emulsifiers. MCT is estimated to be the fastest growing segment owing to the low-calorie content. Furthermore, the reduced chain length of the product promotes quicker metabolism and contributes to accelerating the demand for weight loss programs across the globe. Isopropyl palmitate is expected to grow at a significant pace owing to the rising demand in the cosmetic industry.

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The use of fatty acid ester in various applications is presumed to boost the market growth. The applications include surfactants & detergents, personal care & cosmetics, food processing, lubricants and pharmaceuticals and construction industries. Personal care & cosmetics is projected to hold the largest market share owing to the increased functionality and eco-profile product. Therefore, resulting in high demand in niche applications such as water solubility, thickening, and anti-irritant agent. Food industry is estimated to have tremendous growth in coming six years owing to the increasing consumption of these esters in various processed foods. Geographically, the key regions identified in this industry are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the high consumer awareness level regarding beauty and fitness. In addition increasing adoption of MCT is projected to have a positive impact on the market growth.Asia Pacific is expected to witness the fastest growth over the decade owing to the rising disposable income in this region. This has led to increasing consumption of fatty and processed foods.

The key players in this industry include DuPont, P&G Chemicals, Evonik Industries, Cargill Inc., Estelle Chemicals Pvt. Ltd., Fine Organics, Stepan Company, KLK Oleo, The Seydel Companies and World Chem Industries. Other prominent players are A.B. Enterprises, Zhengzhou Yi Bang Industry Co. Ltd., Metroshen International Corporation, Faci Asia Pacific Pte. Ltd, and Oleon N.V. The market is highly competitive in nature as the players in order to increase their market share are adopting certain strategies such as new product development and collaborations. In April 2016, according to the journal of food science, a series of novel I-ascorbyl fatty acid esters were synthesized by catalization of Novozyme 435 using electrospray ionization mass spectra, ultrasonic irradiation, nuclear magnetic resonance and spectroscopy. In 2014, the FDA approved Epanova (omega-3-carboxylic acids) manufactured by AstraZeneca. The drug is used for the treatment of hypertriglyceridemia containing fish-oil derivative free fatty acid.

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Biocides Market Restraint Analysis, Prouct Outlook & Forecast by 2022

15 Jan 2019 - The global Biocides Market is expected to witness significant growth over the forecast period owing to rising demand from end-user industries including paint & coatings, personal healthcare, food & beverage and water treatment. Furthermore, growing need for portable water in industrial and domestic application primarily due to rising population is anticipated to drive the market growth over the next eight years. In addition, the growing awareness of biocides in food & beverage application is further projected to propel the sector demand over the forecast period. The market is projected to witness proliferated demand over the next eight years owing to increasing application for water treatment, rising need to control microbial growth in food & beverage and growing utilization of cosmetic products . However, growing stringent regulation imposed on manufacturers due to rising environmental concerns coupled with increasing fluctuation in the raw material prices has enabled the market to witness hindered growth over the next eight years.

The market is segmented by product into metallic compounds, halogen compounds, organosulfur, phenolic, organic acids, nitrogen, and others. Halogen compound segment was accounted for more than 25% market share in 2015 and expected to witness similar trend over the next eight years owing to its low cost and increasing its raw material availability such as bromine, chlorine, and iodine. The metallic compound segment is anticipated to report the fastest growth over the forecasted period owing to increasing the need for clean water coupled with growing application as disinfectants in water treatment plants and cooling towers. Organosulfurs segment is also expected to witness proliferated growth by 2024 majorly due to rising awareness regarding products that possess antibacterial and antifungal properties to inhibit microorganism growth on metal or plastic surfaces.

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The market is segmented by application into water treatment, personal care, paints & coatings, food & beverage, wood preservation, HVAC, boilers, oil & gas, fuels and others. Water treatment segment was accounted for more than 23% market share in 2015 and it is projected to witness similar trend over the forecast period owing to growing corrosion, microbial activity, scaling, and disposal in water treatment.  The biocide market is highly competitive primarily to the presence of several domestic and international suppliers. Though, the sector has the presence of various new players, who face difficulty in competing with other major companies in terms of functionalities, features, quality, and services. Over the forecast period, the growing new product development activities coupled with increasing adoption of new technologies for achieving operational efficiency has enabled the competition to become more aggressive. On a contrary, few major players through continuous R&D endeavors coupled with growing expertise knowledge in the industry have enabled them to witness competitive edge, thus propelling the overall growth of the sector over the next eight years.

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North America and Europe are anticipated to witness major market share over the forecast period owing to the growing end-user demand from industries including food & beverage, oil & gas, and personal care.  Asia Pacific is anticipated to account for fastest growth over the forecast period primarily due to the growing expansion activity by paint & coating industry primarily on account of rapid industrialization coupled with rising infrastructural development activities. India, China, and Japan are anticipated to witness the highest share in the region majorly owing to the rising disposable income coupled with growing foreign investments.  The Middle East & Africa is projected to see significant growth by 2020 mainly owing to increasing urbanization, industrialization, and globalization. The sector has huge potential in this region primarily owing to rising per capita income and foreign investments.

Key players in the market include Dow Microbial Control, ISP, Thor Specialties, Lubrizol, Troy Corporation, BASF, Lanxess, and Clariant. The market is highly consolidated having more than 30% market share by major players. The major players generally tend to retain their market share through new product development and through attaining operational efficiency. These players through continuous R&D endeavors focus on building a wide distribution network that supports the overall market to report significant growth over the forecast period. Companies through strategic expansions and mergers & acquisitions have been trying to cater large volume of customers with products that are cost-effective and high quality.

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Cupferron Market|Share Calculation, Application And Assumptions by 2025

8 Jan 2019 - Ammonium salt N-nitroso-N-phenylhydroxyamine (NPHA) derives cupferron which is made up of four electrons which are consumed in alkaline and six electrons in acidic media for its electro reduction. The entire process undergoes extensive protonation. Polarogram of cupferron can occur only at the starting stages of protonation and nevertheless the kinetic data reveals the data pertaining to reduction of some analogous substances or probable intermediates. On the basis of geographic segmentation, the global Cupferron Market spans North America, Latin America, Europe, Asia-Pacific, Middle-East & Africa.

Cupferron is a reasonably anticipated to be a human carcinogenic and oral exposure to cupferron causes tumors at different tissue sites in mice and rats. Human consumption of cupferron causes blood-vessel cancer and also causes cancer of the skin of the ear. Clinically, cupferron is an analytical reagent that combines with metal ions and is used to segregate and precipitate metals such as copper, iron, thorium and vanadium. It is used to separate tin from zinc and to separate copper and iron from other metals. In some analytical laboratories, cupferron is a reagent used for quantitative determination of vanadates and titanium.

Cupferron is a biologically active compound and known to display carcinogenic, genotoxic, mutagenic and DNA damaging effects. The key driving factors responsible for the growth of cupferron market includes growth in R&D and polymerization activities. Additionally, the growing need for safety products such as fire extinguisher, dry powder, foam, sand, carbon dioxide and water mist.APAC regions such as China and Japan dominate the global cupferron market in terms of business. APAC market is anticipated to grow at a higher CAGR during the forecast period. North American market is anticipated to grow at a moderate CAGR for the forecast period owing to low R&D activities. Middle-East and African markets are anticipated to grow at a low CAGR during the forecast period.

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The key players in the global cupferron market include Shanghai Yongzeng Chemical Company Limited, J&K Scientific LTD, Meryer Chemical Technology Co Ltd, Alfa Aesar, TCI Development Co LTD, Energy Chemical, Beijing Ouhe Technology Co LTD, Energy Chemical, Shanghai Hanhong Scientific Co LTD, XiaoGan ShenYuan ChemPharm Co LTD, Chengdu XiYa Chemical Technology Co LTD, BEST-REAGENT, Spectrum Chemical Manufacturing Corp, Adamas Reagent Ltd, Cheng Du Micxy Chemical Co Ltd, Shanghai Aladdin Bio-Chem Technology Co LTD, Changzhou Zhongji Chemical Co LTD, Shanghai CanSpecsci Instrument Co LTD, SHANGHAI BANGCHENG CHEMICAL CO LTD.

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Slideway Oil Market Research Methodology, Scope & Assumptions by 2022

2 Jan 2019 - Global Slideway Oil Market size was USD 60.61 billion in 2014 and is projected to reach USD 94.78 billion by 2022. Increasing demand from industrial, automotive and construction sectors owing to the lubrication, corrosion and anti-wear properties is anticipated to drive the global slide way oil market growth over the forecast period. Preventive maintenance incorporating the use of slideway oils is used by the companies for industrial machinery maintenance in order to reduce the operational costs. Emerging machinery demand by industries such as food & beverages and automotive for slideway lubricants including industrial, metal working and processing fluids is expected to fuel product demand.

Technological advancements have led to the development of products possessing anti slip and pressure handling properties. Adoption of these products facilitates resistance to oxidation, foaming and rusting and has major application in cold heading applications. Increasing shelf of machinery and efficiency coupled with reduction in down time are significant benefits of using the slideway oils. Owing to superior adhesion properties, oil consumption significantly reduces by the use of slideway applications. The major challenges for the industry are compliance with the stringent government regulations including EPA, EU & REACH along with confronting high prices associated with the raw materials. Dealing with contamination from water based coolants and metalworking fluids pose another challenge which is primarily associated with the product usage. Companies are focusing on overcoming frictional challenges by shuddering and resistance which in turn is expected to create significant growth opportunities for the industry over next seven years. Technological proliferations have led to the emergence of ISOVG 68, ISO VG 100, ISO VG 32 and ISO VG 220. These products grades exhibit different viscosities which makes them applicable in various sectors. Owing to the increasing use of horizontal slideways, ISO VG 68 is widely adopted worldwide.

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Large machines prominently utilize the product for circulating applications. Due to high lubrication properties, this technology is extensively employed as moderate duty hydraulic fluid and used in manufacturing gear oil. High pressure and precision working conditions essentially deploy ISO VG 220 which is anticipated to grow at CAGR of more than 5% over the next eight years. Inclined and vertical slide way also use ISO VG 220 to overcome the drain down problem, thereby contributing to the overall market growth.

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Growing automotive production in Indonesia, Japan, India, South Korea, Malaysia, Taiwan and China is anticipated to increase the regional demand. Advancements in road & rail network and rapid economic growth coupled with increasing government spending on infrastructural developments may further catapult the industry growth over the forecast period. India is anticipated to witness high demand for product owing to increasing industrialization along with government support for vehicle manufacturing. Emerging consumer needs for personal & commercial conveyance has led to the increasing demand for components and vehicle production which in turn may propel the product demand. Due to 100% FDI in automobile sector, the manufacturing sector is expected to witness growth which in turn will hike the sideway oil product segment over the forecast period. Need for machinery in the end use industries such as automotive, construction and food & beverage may significantly fuel the demand in North America. Key players in the market include ExxonMobil, Fuch, Shell, Chevron, Valvoline, Castrol, Sinopec and BP. 40% of the total demand is catered by Shell, BP, ExxonMobil, and Fuch. These companies are increasingly adopting the strategy of joint ventures, business sell offs and technological advancements in order to gain competitive edge.

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Chromatography Resin Market to 2025 with Top 10 Countries, Supply & Analysis

27 Dec 2018 - The global Chromatography Resin Market is estimated to reach USD 2.86 billion by 2025, with a CAGR of 6.5% over the forecast period. Chromatography is a code of techniques used to purify as well as separate bimolecular substances such as proteins. Resin is the stationary matrices in the columns used in aforementioned techniques. Chromatography resins are particularly used in multi-modal, ion-exchange, size exclusion, affinity, and hydrophobic interaction techniques. The widely used techniques are ion-exchange and affinity chromatography largely operated in pharmaceutical, food manufacturing, environmental analysis, and biotechnology.

Chromatography resins are available in three major types includes, synthetic, inorganic, and natural media. Natural media polymers consist majorly of dextran, and agarose cellulose, and others. Industry prefers synthetic and natural type media over inorganic chromatography resins. In context with technology, ion-exchange chromatography experienced the largest consumption in the past few years. On the other hand, Protein A resins has witnessed the highest share of the market. Affinity chromatography had the key share in terms of revenue due to its higher selling cost integrated with affinity resins.

The key drivers for the chromatography resins could be the heavy demand for monoclonal antibodies owing to a heighten number of critical diseases concluding in types of therapeutics. Food analytics could be other major drivers for the market, due to its usage in nutritional and nutraceuticals chemistry. It deals with a major issue in food industry by determining the adulteration and additives in the food. Pharmaceuticals and biotechnology are the major end-users for chromatography resins and are estimated to continue with higher numbers. The industrial applications, such as environmental analysis and water treatment rely on these techniques.

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Various opportunities for the chromatography resins market could be in the academic usage of drug recovery and genetic engineering. However, government law and regulations integrated with aforementioned applications could be a major restraint for the market in the near future.

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The growth in terms of therapeutic antibodies demand, increasing utilization of separation & purifying techniques in the food industry, and emerging R&D activities in biopharmaceutical are the some of the factors contributing to the chromatography resins industry growth. Monoclonal antibodies therapeutics are rapidly capturing importance with rise in critical diseases across the world. The major factor restraining the global industry is the lack of skilled professionals. The adequate usage of chromatography equipment requires skill, knowledge, and expertise in different techniques. For example, the pharmaceutical industry is experiencing a lack of adequate professional to work on chromatography equipment and their different techniques.

The key strategies opted by resin manufacturers include low-cost production with better properties for binding. The key manufacturer such Bio-Rad, Millipore, GE Life Sciences, and Tosoh Corporation concentrate on manufacturing resins at lower cost with high productivity to make a competitive edge. Affinity chromatography resins, including protein A based resin are considered to be the most expensive as compared to others. However, with the expiry of current patent would reduce the cost over the next seven years.

In the past few years, leading manufacturer are adopting strategy of advancement and introduction of new product with higher productivity. Therefore, manufacturers are now investing heavily into R & D activities. North America is estimated to hold a huge revenue share in the industry. The U.S. has witnessed the largest number of demand particularly in biopharmaceutical sector due to its heavy investment and improvement in the R & D. In this region, the growing opportunities for chromatography resins are primarily into Bio and pharmaceutical sector. However, the Asia Pacific domestic market is estimated to witness significant growth over the forecast period owing to its maximum growth in context with consumption.

Some of the key players in the industry include, Tosoh Corporation, Pall Corporations, Bio-Rad labs, Life Technologies Crop, Repligen, and GE Healthcare Life Sciences, and others. The aforementioned manufacturers are revamping their strategies to gain the competitive edge by lowering their product prices with high productivity. Life technologies are projected to introduce ‘POROS’ resins in BPD (Bio Pharmaceutical Development) and production week conference.

Purolite International Ltd. has introduced their plans for development and improvement of bio separation and purifying chromatography resins based on the agarose media. This new product line is anticipated to cater the rising demand in bio molecules global market. Purolite has expanded a facility to react the rising demand for its agarose Protein A resin, which are highly used for monoclonal antibodies purification. This would develop a resin with properties such as, easy packaging solutions, high alkaline condition tolerance, long life time, and higher price as compared to other media.

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Lactic Acid & Polylactic Acid Market Variables, Trends, Scope & Growth Prospects by 2025

24 Dec 2018 - The global Lactic Acid & Polylactic Acid Market is anticipated to reach USD 9.8 billion and USD 6.5 billion respectively by 2025. Growing demand for environmental friendly packaged products and awareness is expected to drive the market growth over the forecast period. Global lactic acid market is expected to grow at a CAGR of 16.2% from 2017 to 2025. Lactic acid is a colorless syrupy liquid with alcohol and water that is produced from raw materials including carbohydrates such as sugarcane, tapioca, corn and sugar beet. It involves fermentation of carbohydrates in presence of calcium carbonate. Lactic acid is also used to develop poly lactic acid(PLA). The production of PLA uses 68 percent less fossil fuel resources than traditional plastics and it is the world's first greenhouse-gas-neutral polymer. It is one of the major sources of bio-resins use in bioplastics.

PLA is derived from renewable resources. This organic compound is easily compostable and biodegradable, subsequently minimizing environmental hazards including solid waste disposal. Growing demand for biodegradable products is also expected to boost the market growth over the forecast period. However, introduction of other renewable packaging alternatives in the market, for example agricultural natural fiber products such as bagasse, bamboo, palm fiber bulrush. These alternatives are expected to restraint the market growth since all these natural fibers are degradable and low cost, it’s reinforcement with PLA acts as an opportunity which is ecological as well as economical.

Rising crude oil price are also estimated to drive the global PLA demand over the forecast period, owing to reduced dependency on traditional petroleum based products. Increasing adoption of bioplastics on account of changing consumer preferences and need for sustainable products is also expected to positively impact the global market in the coming years. However, PLA suffers from distortion at fairly low temperatures hindering their performance compared to other conventional plastics. This resulted in restrictive use of Poly lactic acid to lower its applications in utility packaging. However, companies operating in the market have been are innovation new processes to enhance heat resistance power of polymers.

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Based on application type the global market is segmented into industrial, personal care, packaging, petroleum based products and textiles. The largest market share is contributed by industrial applications owing to the extensive use in development of lactate solvents and biodegradable polymers. They are also expected to be the fastest growing segment. Personal care segment is expected to be the fast growing segment, owing to its wide use in products for, anti-acne, skin lightening, anti-aging, and anti-wrinkle. Packaging beverages and food industry is also expected to remain the major application segment for PLA, on account of increasing demand for PLA plastic bottles which are disposable, durable and contain properties including gloss and transparency. In additionally, these products and be easily composted compared to other petroleum based products and also do not emit toxic gases on heating.

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North America is expected to be the largest market over the forecast period. Growing demand among all the application segments and high concentration of allied industries of lactic acid in this region is expected to be the key driving force for the industry in this region. Europe and Asia Pacific are expected to grow at a significant rate owing to the legal regulations and conditions on use of synthetic plastic materials and also market penetration of biobased materials in packaging are expected to drive the market in the region over the next six years.

The key global market participants are Purac, NatureWorks LLC, Galactic, BASF, Pyramid Bioplastics and Synbra. Other players include Meredian Holdings Group, Inc., Synbra Technology B.V., and Corbion N.V. growth in production capacity and Product innovation are among the major initiatives adopted by industry participants in order to gain market share. Favorable regulatory scenario for the use of green packaging on a global level is expected to aid in market expansion over the forecast period. Continuous development efforts to develop higher heat resistant PLA are expected to play a key role overcoming barriers to market growth.

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Chlorinated Polyethylene Market|Product Estimates & Trend Analysis 2025

17 Dec 2018 - The global Chlorinated Polyethylene Market size was estimated at USD 431.6 million in 2016 and is anticipated to reach USD 890.3 million by 2025. The global market for chlorinated polyethylene is expected to witness an exponential growth over the forecast period due to its broad spectrum of application and advancement of technology. Chlorinated polyethylene resins and thermoplastic polymers elastomers are having physical and chemical properties improved. Thereof are used as the thermoplastic elastomer, for modifying various resins such as Polyethyelene (PE), acrylonitrile butadiene styrene (ABS), and polyvinyl chloride (PVC). Chlorinated polyethylene resins provide resistance against abrasion, weather, oil, heat, fire, and chemicals.

Other (PE-C) properties include excellent mechanical and physical properties, high charge acceptance, tensile strength and low-temperature performance. Applications of resins and chlorinated polyethylene elastomers include geo-membranes, as an impact modifier and a flexible sheet, roofing membranes, molded shapes, automotive extrusions and cable sheaths and as polymer based. The growing demand for resins and elastomers chlorinated polyethylene impact change request should drive market growth. Impact modification is the largest application of the PE-C in terms of consumption. It is widely used for modifying the impact of PVC fence, terrace, window profiles, pipes and vinyl siding.

CPEs are added to PVC formulations, PE, and PP plastic products to improve weather resistance, the welding strength, low-temperature performance, and impact resistance. In addition, the growing demand for the flexible sheet in electrical son and cables, roofing applications and rubber products for seals and shoe soles. Flexible sheets of industry experienced strong growth in the Asia-Pacific region due to the construction as well as electrical industries. These segments are driven by changing lifestyles and increasing disposable income.

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Further, increasing demand auto and industrial hose pipes are expected to fuel market growth resins and chlorinated polyethylene elastomers. Due to its properties such as temperature resistance, oil resistance, chemical resistance, and ozone resistance; the CPE has become the ideal choice for applications such as oil pipes, tubes power steering fluid, cooling fluid distribution tubes. It can also be used for ventilation tubes and vacuum in the automobile. The automotive industry is driven by global demand for various types of automobiles for various applications. Industrial hoses are used for chemical delivery and oil delivery in different mechanisms of manufacturing plants.

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However, rising crude oil prices and therefore, the volatility of commodity prices should curb the growth of the market for resins and elastomers chlorinated polyethylene. Polyethylene is made from crude oil derivatives and is subject to availability and price changes. In addition, the high cost of treatment for developing application-specific elastomer or resin should hinder market growth. Development of new applications in the pharmaceutical and health care should offer opportunities for market players. Due to the non-hazardous nature of the resins and chlorinated polyethylene elastomers, it can be used for the manufacture of pharmaceutical factories and the health industry.
Asia-Pacific was the largest market for resins and elastomers chlorinated polyethylene in terms of consumption. China accounts for the largest share of the global market in terms of production and consumption. Most CPE in China is used to impact modifier and implementation pipes. Demand from Europe and the rest of the world is expected to grow at a moderate pace. Asia Pacific was followed by North America, where the United States was the largest consumer.  The global market of elastomers and Chlorinated polyethylene resins are highly concentrated with a few players dominating the market. Most players have their manufacturing plant in China and the Chinese vendors’ threat is moderate because of the high cost of treatment.
The main chlorinated polyethylene resins and elastomers market players include Cevo Industry Ltd., Shandong Sanyi Industrial Co. Ltd., WeifangPolygr and Chemical Co. Ltd, Sanyi Chemical, Novista, DuPont, Lianda Corporation, Sundow Polymers Co. Ltd., and Dow Chemical Company.

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Amines Market Dynamics And Demand In Emerging Regions by 2025

12 Dec 2018 - The global Amines Market size was estimated at USD 14.4 billion in 2016 and is anticipated to reach USD 29.3 billion by 2025. Amines market is expected to witness significant growth over the forecast period owing to increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water treatment. Rising need for yield improvement among farmers coupled with growing agricultural industry demand for fertilizers is projected to fuel the market growth over the next eight years. India and China are anticipated to act as important countries to drive the growth primarily due to the rising end user industry demand for amines as a raw material in manufacturing azo dyes and as an ingredient for making drugs in pharmaceutical industry.

Amine growing demand for gas treatment to remove hydrogen sulfide (H2S), and carbon dioxide (CO2) from refinery process streams is also expected to bolster the market growth by 2024. Furthermore, improving infrastructure growth in BRICS countries, and rising demand for heavy duty laundry liquids are anticipated to propel the market demand over the forecast period. In addition, increasing cosmetic products demand in developing markets of India and China coupled with growing personal care industry in Germany is likely to boost the amines market over the next eight years. However, the increasing volatility in crude oil prices has impacted the amines prices resulting in the rising demand for bio based molecules, thus challenging the amines market growth by 2024. Henceforth, companies are projected to focus in technological advancements through R&D efforts that would decrease the amines prices and could potentially reduce the demand supply gap over the next eight years. Automobile production growth in Malaysia, China, Mexico and Indonesia is another important factor anticipated to propel the application of paints and coatings, thus boosting the amines market over the next eight years.

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Product Insights

Amines comprises of various products such as chlorpromazine, amitriptyline, imipramine, lofepramine, clomipramine, and ethanolamine which are used to relieve allergic disorder, anxiety, excitement, mental disorder, and restlessness. It constitutes few other products such as desipramine, nortriptyline, and amoxapine that are considered very significant tricyclic anti-depressants. The aforementioned products application in pharmaceutical industry is anticipated to fuel the market growth over the forecast period. Ethanolamine is projected to account for more than 50% market share by 2024 primarily owing to its rising use as a corrosion inhibitor in matching fluids, lubricants, and cooling systems for automotive & marine industrial applications. It is also used as a cleaning agent in the form of triethanolamine and monoethanolamine thus anticipating the market growth to propel by 2024

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Application Insights

Crop protection is the key amine application in the agricultural industry that is expected to drive the market growth over the forecast period. The market also has various applications in pharmaceutical industry in making medicines. However, the increasing applications of bio-based products and rising stringent environmental regulations regarding water pollution are projected to challenge the amines market by 2024. Growing amine application in FMCG industry is also anticipated to bolster the market growth over the forecast period.

Regional Insights

Asia-Pacific is projected to witness fastest growth over the forecast period owing to growing demand from agricultural industry, rising economic development, and increasing R&D endeavors in producing quality amines. India, China, Indonesia, and Malaysia are anticipated to account for major market share in the region primarily due to growing government initiatives for sustainable development. North America and Europe are expected to see considerable growth over the next eight years owing to growing demand for amines in end-use industries and rising awareness of its varied applications. Particularly the US, Germany, France, the UK, and Italy are projected to account for highest growth in the region primarily due to growing of personal care and healthcare products.

Competitive Insights

Major players in the amine market include AkzoNobel, BASF, Clariant, and Dow Chemicals. New opportunities arising from Indian government’s PCPIR policy for promoting chemicals and petrochemicals production is also anticipated to propel growth by 2024.

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Polyvinylpyrrolidone (PVP) Market|Vendor Landscape, Trends & Scope by 2024

11 Dec 2018 - The global Polyvinylpyrrolidone (PVP) Market size was 161.8 kilo tons in 2015 and is anticipated to reach USD 2.75 billion by 2024. The Polyvinylpyrrolidone (PVP) market is expected to witness growth owing to rising demand from end user industries including pharmaceutical, cosmetics, personal health care, adhesives and beverage industry. Rising awareness regarding the varied applications such as dissolving assistant for injection, a dispersant for liquid medicine, flows assistant for a capsule, medicine for brain-memory recovery, the raw material for making ceramic products, and moisture preserving agent are anticipated to propel the PVP industry growth over the next eight years.

Few other applications including stabilizer for an enzyme, antitoxic assistant for eye drug, viscosity enhancement agent for printing ink, film forming agent in shaping products, and solvent for agricultural pesticide are projected to fuel the market demand over the forecast period. The pharmaceutical industry is projected to contribute the major market share in the overall growth of the PVP sector by 2024 owing to rising use of PVP in medicines as a binder for tablets, a stabilizer for heat sensitive drugs, and antiseptic injection for surgical operations.

The pharmaceutical sector is anticipated to see the growth of more than 30% CAGR over the next eight years, owing to increasing R&D efforts by companies in developing PVP medicines that could be used as dietetic tablets in nutritional products and as a disinfectant for maintaining hand hygiene, thus augmenting the end user market of PVP products. On the other hand, Cosmetics industry and personal care industries are expected to see growth of more than 6% CAGR and 10% CAGR respectively and thus augmenting the Polyvinylpyrrolidone market demand over the forecast period primarily owing to increasing application scope and rising adoption of Polyvinylpyrrolidone products as raw material in shampoo, cleaning products, shave lotion and body lotion. Polyvinylpyrrolidone (PVP) is a water-soluble, amorphous and hygroscopic polymer, supplied as a clear aqueous solution or as a free-flowing powder. It is characterized by K-value and thus also referred as Povidone or Polyvidone.

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It has different grade products that are manufactured from the N-vinylpyrrolidone monomer and thus having wide application scope in various industries primarily due to its binding and adhesive agent properties. Their increasing use in electrical industry as a cotton defoliator has also enabled the market to anticipate significant growth by 2024. Few other uses such as food stabilizers, emulsifiers, metal quenchers and adhesives are also anticipated to boost the market demand over the next eight years.

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North America and Europe are anticipated to report major growth over the next eight years owing to growing demand from end user industries including pharmaceutical and personal care, and rising awareness about the PVP advantages in healthcare applications. The US is likely to witness considerable growth in the market owing to the approval from the US Food and Drug Administration (FDA) for the application of PVP as a safe chemical in numerous medical drugs. Other countries including Germany, France, Italy, and the UK are projected to account for highest growth in the region due to increasing R&D endeavors by the companies to produce varied PVP products that aim to deliver improved product quality with excellent water soluble properties. The presence of numerous market players dedicated in researching and developing PVP products for companies such as Novartis, Pfizer, Roche, Merck & Co., Unilever, Procter & Gamble and Kimberly-Clark are also expected to bolster the PVP market demand over the forecast period.

Asia-Pacific is projected to witness the fastest growth over the forecast period due to increasing application & services from cosmetics, food & beverage and adhesive industries. India, China, Japan, and Singapore are expected to account for the major market share in the region primarily due to growing awareness and acceptance to use PVP products as a raw material in various applications and increasing foreign investment in the industry leading to innovations and technological advancements.
Key players in Polyvinylpyrrolidone (PVP) market include BASF, ZhangzhouHuafu Chemical Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., Shanghai Yuking Water Soluble Material Tech Co., Ltd, Sigma-Aldrich Co. LLC., Shanghai Qifuqing Material Technology Co., Ltd., Divnova Specialties Pvt. Ltd., JH Nanhang Life Sciences Co. Ltd., Sisco Research Laboratories Pvt. Ltd., N Shashikant & Co., Alfa Aesar, Huangshan Bonsun Pharmaceuticals Co., Ltd., Boai NKY Pharmaceuticals Ltd, Hangzhou Sunflower Technology Development Co. Ltd., Ashland, Nippon Shokubai, Balaji Amines, Jarchem Industries Inc. , Glidechem, Dai-ichi Kogyo Seiyaku , Dongying City, Huaang Chemical Industry Co., Ltd., Nippon Shokubai and Balaji Amines. BASF, in January 2015, plans to invest USD 64 million in the expansion of its PVP value chain over the next four years primarily owing to the expansion of PVP production capacity to 6000 metric tons.

ZhangzhouHuafu Chemical Co. Ltd., in December 2013, disclosed that it would be launching new Polyvinylpyrrolidone products focused in areas such as cosmetics, food and beverage, biological pharmaceuticals, and detergents mainly due to growing consumer demand for products with excellent properties such as bonding capacity, solubility, water moisture and others. JH Nanhang (JHNH), in October 2013, announced that it is partnering with specialty chemical distributor Azelis to propel sustainable business development by providing high-quality products and to supply large range of Polyvinylpyrrolidone products across Turkey, Europe, Morocco, and Algeria. The other players in the market through mergers & acquisitions, strategic expansions, and new products launches have been trying to cater large volume of customers with numerous pharmaceutical, personal care, cosmetic and adhesive products that help them in providing varied medical as well as hygiene-related solutions. The aforementioned efforts by the companies have enabled them to anticipate significant growth over the forecast period.

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Lysine Market Snapshot & Growth Prospect Mapping|2020

6 Dec 2018 - The global Lysine Market is expected to reach USD 6.96 billion by 2020. Lysine Market demand is expected to witness a steady growth on account of its increasing usage in the manufacturing of animal feed. Lysine is an organic compound with a chemical formula C6H14N2O2. It is an alpha amino acid and is mostly used in the biosynthesis of proteins. Human body cannot synthesize lysine and therefore it is mostly obtained through diet. Lysine is injected in consumed meat to provide necessary nutrients. Usage of lysine as a protein synthesizer in animal feed is a major application driving the overall demand. This compound is used by the cattle breeding industry to improve the protein content in beef, chicken and egg. There has been a significant demand for processed meat with high protein content which in turn has propelled the usage of lysine in animal husbandry and cattle breeding.

Further, its application as an herbal supplement has been driving the market demand in recent years. Hectic lifestyle and increasing consumer awareness has created a trend of protein supplement consumption. These supplements are known to improve muscle growth and plays an important role in calcium absorption. Lysine is plays a major role in diet for people recovering from injuries. Their intake for improving body enzymes and antibodies is expected to provide great opportunities in the near future.  Government regulations and safety related to this organic compound offers a major challenge for the overall industry growth. The U.S food and drug administration considers this compound as generally recognized as safe (GRAS). There are no significant regulatory standards for the usage of lysine as an herbal supplement or for medicinal uses. Use of lysine for the manufacturing of lysine monohydrochloride is expected to provide great opportunities in the near future. This compound is used as a food ingredient in fabricated snack products. It is used before frying to reduce the content of acrylamide.

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Market segmentation is done on the basis of application which includes animal feed and body supplements. Animal feed account for maximum segment share owing to the increasing meat consumption. Segmentation demand for protein supplements is expected to grow owing to increasing urban population. Products containing lysine have been very popular among body building and sports activists. Asia Pacific has been the leading market in recent years in terms of demand and is expected to continue on account of increasing meat consumption. China has shown substantial production and consumption of lysine which is used world-wide for the manufacturing of animal feed. Emerging economies such as India and China are expected to witness a significant growth on account of high investment in poultry and cattle breeding.

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Further, regional demand is followed by North America mainly on account of increasing use of lysine as body supplements. Development of new products for sport activists and body building professionals has fuelled the demand in developed economy such as the US. Europe is expected to show a steady growth over the forecast period owing to the presence of developed animal husbandry practices. South America and Africa is expected to witness a stagnant growth owing to the slow growth of overall development of application industries.  Major players operating in the market are Global bio chem tech, Cheil Jedang, Ajinamoto, Archer Daniel Midland. Other major players present in the market are COFCO biochemical, Evonik industries, and Shaouguang Juneng Golden Corn. Companies are focusing on research and development in order to find out new applications for lysine. This is expected to diversify the application portfolio and therefore propelling the demand in near future.

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Metalworking Fluid Market|Product Estimates & Trend Analysis 2022

27 Nov 2018 - Global Metalworking Fluid Market is expected to witness lucrative growth over the forecast period owing to the rising demand for automobiles. The stringent government initiatives supporting the manufacturing sector have led to the increase in production output. Hence, is projected to boost the growth of this market. In addition, massive industrial growth in Asia Pacific & Africa region is estimated to accentuate the growth of this industry.

The volatility in crude oil prices is also presumed to impact the market growth. The base oil suppliers are at economical advantage owing to the oversupply of crude oil. Thus, resulting in improving their margins over the past couple of years. Moreover, the rising awareness level regarding the harmful effects and high risk of using semi-synthetic and synthetic metalworking fluids has forced manufacturers to increase the research and development expenses on the advancement of bio-based metalworking fluids.
Metalworking fluids are used for lubrication and cooling of metal when they are subjected to processes such as machining, grinding and milling. These fluids help in reducing the heat and friction between the cutting tool and work piece and prevent from smoking and burning. The gaining popularity of the metalworking fluids for enhancing the surface finish and tool life is estimated to fuel the market growth. Furthermore, the expanding in the niche applications such as medical machining is anticipated to propel the demand for metalworking fluids across the globe. However, stringent environmental regulations could pose a challenge to the growth of this industry. The growing green field projects and escalating demands in important sectors such as manufacturing, energy, and processing sectors act as an opportunity leading to the market growth. The market on the basis of the product is segmented into Mineral-based, synthetic and semi-synthetic based products. Synthetic-based products are considered to grow at a rapid pace owing to the excellent wear resistance and surface finish, and ability to increase tool life.

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Therefore, resulted in the increase in demand from various end-user industries such as aerospace, marine, and automobile. Semi-synthetic based products are estimated to penetrate the market over the decade owing to their tremendous machining capabilities. Mineral based products account for low price and abundant availability.

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On the basis of metalworking fluid type, the market is categorized into forming fluids, removal fluids, treating fluids and protection fluids. The demand for removal fluid is expected to grow at a significant pace owing to the accelerating consumption in grinding fluids, cutting oils and coolants.Metalworking fluids are widely used in various application segments such as automotive, aerospace, electronic tools, oilfield equipment, firearms and defense equipment and marine segment. Among these segments, automotive segment holds the largest market share followed by aerospace owing to the high demand for automobiles.
Geographically, the key regions identified in this industry are North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Asia Pacific is expected to dominate the market owing to the positive outlook towards manufacturing sectors in India, Malaysia and China. The increasing consumption coupled with favorable regulations so as to attract investments is considered to enhance the expansion in this region. Moreover, high GDP growth rates in developing countries are presumed to boost the industrial production capacities.

North America is expected to witness the fastest growth over the decade owing to the high research and development activities in this region. Europe is estimated to grow at a rapid pace owing to the growing bio-based metalworking fluid due to stringent government regulations in this region.
The key players in this industry are BP, Houghton International, Quacker Chemical Corporation, ExxonMobil Corp., Blaser Swisslube, Cimcool, Fuchs and Total S.A. Other prominent players are Ashland Inc., Eni S.p.A, PETRONAS, Kuwait Petroleum International, Motul, Chevron Corporation, The Lubrizol Corporation, Evonik Industries and Indian Oil Corporation Ltd.
Most of the players are engaged in expanding their product portfolio by the development of new products, mergers, and acquisition in order to increase their market share. In February 2016, Houghton International received an approval for the use of Hocut 4940 metalworking fluid, from Pratt & Whitney which is a United Technologies company. This fluid is used in the manufacture of military power units and aircraft engines under the Pratt & Whitney reference PMC 9151.

Market Segmentation

Global Metalworking Fluids Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Mineral
• Synthetic
• Bio-based

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High Temperature Coatings Market Restraint Analysis & Vendor Landscape by 2024

23 Nov 2018 - High Temperature Coating Market was valued USD 3.27 billion in 2015 and is anticipated to achieve moderate growth globally over the forecast period. The demand for the market is increasing steadily owing to the growth of numerous end-use industries such as cookware and bake ware, construction, and metal processing.

High temperature coatings material can withstand a temperature of more than 150°C (302°F) while protecting against corrosion. Depending upon the level of temperature resistance required, coatings are composed of organic or inorganic materials such as epoxy, epoxy novolac, silicone, and epoxy phenolic. Fire proofing plays a vital part in buildings and other structures as it protects structured steel and other building parts. However, the construction sector is hampered by the lack of synergy in building codes for different companies. Stable regulatory norms help the coatings manufacturers to enhance their investments in R&D.
Regulatory & government agencies such as UL, ANSI, NFPA, and ASTM issues guidelines and standards for testing and formulation of the coating ingredients. Fatal incidents due to fire outburst in industrial as well as in residential area which causes occupational injuries has led multiple revisions in safety policies to minimize the losses by integrating flame repulsive inorganic agents in materials of the coating. Properties to resist high temperature shown by phosphorous, silicon and halogen based products have made them quite significant.

Product Insight

The acrylic coating was the largest product segment covering over 20% of total demand in 2015. Aesthetic looks coupled with high heat resistance property makes it an ideal technology that can be used in building and transportation infrastructure.

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Low volatile organic compound (VOC) presence in formulation has led its rapid adaptation in various industrial activity. Physical properties of Polyethersulfone (PES) such as adhesiveness, long run thermal stability and transparency are expected to be responsible for its growth over the forecast period. Owing to these features, the product usage is found in a broad range of applications including automotive refinishing, wood furniture, construction, and marine. Global PES high temperature coatings market value is estimated to exceed USD 470 million by 2024.

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Compatibility of Epoxy coatings with a broad range of color and solvent free ingredients has contributed to its demand in 2015. Characteristics such as high durability and chemical resistant are anticipated to be the major factors for the growth of this segment.
The segment is expected to grow at a CAGR of over 4.0% from 2016 to 2024. Epoxy-based products find enhanced usage in corrosion resistant applications in automobiles, boats, steel pipes, and transmission pipelines that are exposed to high temperature environment.

Technology Insights

The liquid-based technology was the largest technology segment in 2015 which accounted for over 75%. The industrial trend is shifting towards non-solvent based technologies with the adoption of waterborne and powder based products in various sectors.
With minimum environmental impact due to low VOC content, surging demand for effective products is anticipated to drive waterborne high temperature coatings demand over the next eight years.
Strict ecological regulations for using solvent based products have led coating manufacturers to shift focus towards powder-based products. Powdered coatings are anticipated to be the fastest developing formulation technology by 2024.
Higher utilization rates and application ease are a major driver of powder coating market over the forecast period. This segment is expected for a net demand of over 95-kilo tons by 2024.

End-Use Insights

Around 16% of the total revenue in 2015 was generated from Energy & power sector which was the leading end-use segment. Growing concern towards equipment durability and downtime is expected to drive the demand for heat resistant coatings with enhanced color stability and corrosion resilience.
Metal processing segment was the second major end-use segment for coatings market in 2015. Demand in this segment has been increasing owing to increasing demand for metal equipment in the commercial and industrial sector.
Various applications include heavy equipment, machine and metal piping for agricultural, forestry, waste treatment facilities, and manufacturing. U.S. demand for the market in automotive sector was valued over USD 60 million in 2015 and is estimated to grow at a CAGR of 3.6% from 2016 to 2024. The coating protects from corrosion and acts as a thermal barrier on automobile components.

Regional Insights

Asia Pacific was the largest market and accounted for more than 35% of total volume in 2015. Steady growth in automotive & construction sectors especially in India, China, and Japan is anticipated to drive the demand in the region. European coatings accounted for more than 30% of the market in 2015 globally. However, slow growth observed for numerous end-user such as aerospace, construction, and oil & gas, in the European region is anticipated to obstruct market and consequently, lose their share in the industry over the forecast period.
North America high temperature coatings market is anticipated to grow at a CAGR of 4.0% from 2015 to 2024. Increasing application of these products in major end-use industries including electronics, automobile, energy, and construction sectors have contributed significantly to the growth in this region. Renewal of reforms to incorporate thermally efficient materials and environment-friendly materials are expected to play a major role in steering product demand in the region.

Competitive Insights

The global market is temperately divided with the presence of a great number of companies such as, PPG Industries, Akzo Nobel NV, BASF, Axalta Coating Systems, Jotun AS, and Sherwin-Williams. Other companies operating in the global industry include Valspar Corporation, Carboline Company, General Magnaplate Corporation, Hempel AS, Chemco International, Whitford Corporation, Weilburger Coatings GmbH, Belzona International Ltd. and Aremco Products Inc.

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