Tuesday, March 31, 2020

Polycarbonate Glazing Market | Size, Share, Trends, Scope, Sales & Revenue, Price, Applications, Competitive Landscape and Better Investment Opportunities Analysis by MRFR

Market Overview:
According to the analysis of MRFR, the major market forces and trends driving growth of the global polycarbonate glazing market includes growth of construction sector, increasing automotive production, and favorable government regulations. Rapid urbanization, escalating public and private investment, and rising disposable income of the people in emerging economies is anticipated to boost demand for the product over the forecast period.
The benefits of these sheets percolated across commercial, industrial, and institutional sectors finding wide application scope in overhead glazing and greenhouse glazing which will further boost up the market growth. Moreover, shifting consumer preference towards green & sustainable construction is expected to fuel demand for the product in the coming years. Moreover, rising demand for lightweight automobiles coupled with adoption of strict emission reduction norms are predictable drivers of the market. However, high cost associated with the polycarbonate glazing material along with the regulations prohibiting the usage of polycarbonate in automotive windscreens is predicted to hinder market growth over the forecast period.
Competitive Landscape:
  • Palram Industries Ltd.
  • Plazit Polygal
  • SABIC
  • MG Polyplast Industries Pvt. Ltd
  • Gallina
 Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Growing automotive, construction industries, and agriculture sector, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms are the key factors for the growth of Polycarbonate glazing in the global market. Taking into account these trends, the global polycarbonate glazing market is projected to witness considerable competition over the forecast p
eriod of 2017-2023.
Industry/ Innovation/ Related News:
August 2, 2017- Plazit polygala has recently introduced new product line called TOPGAL Multi Wall Panel System, earlier this month. The product specified of 11 layer 32 mm thickness which is particularly applicable in cold climate. Topgal panels and components combine to offer more rigidity, thermal insulation, strength and solar heat control than our standard sheets and profiles.
March 9, 2017- Palram Industries Ltd. has recently announced launch selective light transmission roofing panels for greenhouse, gardening centers and retail outlets. The product is called "SolarSmart". The newly introduced panels are beneficial in the seasonal changes in weather. In temperate regions, panels facilitating maximum light transmission for plants and good thermal insulation are used to minimize the need for artificial heating.
May, 2016- SABIC launched clear and lightweight sheets at exhibition held in Hamburg for aircraft interior industry, in order to help aviation customers to reduce weight and cost, enhance safety and sustainability, and optimize flying experience. This development is set to propel demand of the product form aerospace industry which is driven by increasing civil aviation sector across the world.
Regional Analysis:
Regionally, the global Polycarbonate Glazing Market is divided into five main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among all the regions, Asia Pacific dominates the market and expected to witness fastest CAGR during the review period. Rising construction activities and growth of automotive industry are the major factors behind the market growth in Asia Pacific. The Asia Pacific market is trailed by Europe, which is followed by North America.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to major key developments and strategies of key vendors.

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Pharmaceutical Desiccant Market 2020 | Sales Revenue, Future Growth, Trends Plans, Top Key Players, Business Opportunities, Industry Share, Global Size Analysis by Forecast to 2023

Market Synopsis:
The product is used for absorbing the moisture so that it sustains a standard level of dryness. The growth of the pharmaceutical industry is likely to boost the revenue creation for the players of the pharmaceutical desiccant market in the years to come. In addition, the increasing production of medicines is poised to favor market growth over the next couple of years.
The rising demand for healthcare services, in conjunction with the increasing burden of chronic diseases, is prognosticated to catapult pharmaceutical desiccant market on upward trajectory. Also, the increasing research & development for drug discovery is projected to influence the expansion of the market positively.
Pharmaceutical desiccants are extensively used for extending the lifespan of medicines. According to Market Research Future (MRFR)’s recent analysis, the global pharmaceutical desiccant market is expected to touch a valuation of USD 191.3 Mn by 2023 exhibiting a CAGR of 4.43% during the assessment period.
Market Segmentation:
Based on type, the global pharmaceutical desiccant market has been segmented into silica gel, carbon clay desiccant, activated, molecular sieves and others. The silica gel segment dominated the growth trajectory of the market in 2015 with around 40% market share under its control. The segment was valued at USD 47.2 Mn in 2015 and is prognosticated to expand at 4.9% CAGR over the forecast period. The product is capable of absorbing high levels of moisture which is expected to drive the proliferation of the segment in the years to come. The activated segment was the second leading segment and was valued at over USD 29 Mn in 2015. It is anticipated to strike a CAGR of 4.16% across the projection period. The product is used for purification and moisture removal.
By End-Use, the pharmaceutical desiccant market has been segmented into tablets, API’s, diagnostic kit, capsules, and nutraceutical product packaging. The tablets segment accounted for the major share of 22% in 2015 and was valued at USD over 200 Mn. It is forecasted to mark a CAGR of 4.85% during the review period. The API segment is projected to gain traction in the forthcoming years. It scaled a valuation of USD 203.5 Mn in 2015 and is projected to register a CAGR of 4.37% over the forecast period.
Competitive Dashboard:
  • Multisorb Technologies
  • I. du Pont de Nemours and Company
  • Sanner GmbH
  • Capitol Scientific, Inc
  • Desiccare, Inc
  • CSP Technologies, Inc
  • R. Grace & Co
  • Clariant Global
  • Oker-Chemie GmbH
  • Desican Inc
Regional Analysis:
The global pharmaceutical desiccant market, by region, is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest share of the market in 2015 which accounted for around 30% share. The regional segment was valued at USD 35.5 Mn and is anticipated to strike a CAGR of 4.37% over the assessment period. The pharmaceutical industry, as well as the chemical industry, has been observing an upsurge in demand for desiccants. This, in turn, is poised to drive the growth of the regional pharmaceutical desiccant market over the next couple of years.
Europe was valued at USD 31.9 Mn in 2015 and is likely to maintain its second spot over the next few years. The rapid developments in the healthcare sector of the region, coupled with new commercialization models, are expected to boost revenue creation for the players of the pharmaceutical desiccant market in the region. On the other hand, Asia Pacific is anticipated to mark the highest CAGR of 4.67% across the assessment period.

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Insulation Market | Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2022

Market Overview:
Insulation is required for building purposes as they serve a variety of reasons. Market Research Future, a firm which specializes in market reports related to the Construction sector among others, recently published a report on this market.  The global insulation market will expand at a rapid pace with an increase in revenue and an encouraging CAGR in the forecast period.
As the demand for insulation products rises every day, the market for insulation products is expanding in proportion to meet this demand. With increase in construction activities around the world, the demand for insulation products has increased significantly. Rising costs of energy have also supplemented the growth of the sector tremendously. Factors such as increasing rate of urbanization and need for energy efficiency has further bolstered the growth of the market.
Market Segmentation
The global insulation market has been segmented based on material and application.
By material, the global insulation market has been segmented into fiberglass, plastic fibers, mineral wood, and natural fibers.
By application, the global insulation market has been segmented into residential and non-residential.
Top 10 Competitive Landscape
  • CertainTeed Corporation
  • Huntsman Corporation
  • Nova Chemicals Corporation
  • Dow Building Solutions
  • GAF Materials
  • Johns Manville
  • Owens Corning
  • Knauf Gips
  • Bayer AG
  • Atlas Roofing Corporation
Industry Updates
February 2019- Chinese and American researchers have reportedly developed a new variety of aerogel which can be used for insulating applications. The material has robust mechanical and thermal stability as performs exceptionally well in transformation and toughness.
Regional Analysis
By region, the global Insulation Market has been segmented into North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
APAC is the largest market for insulation. Prolific growth of the construction industry and high focus on energy conservation are driving the market in APAC. The governments in the region have laid down various regulations which encourage insulation in end use applications.
North America is a significant market driven by steady investments in the real estate market and consumer affinity for green buildings. Continuously expanding construction industry and developments in commercial and residential structures in the US fuels the growth of the market. Government focus on conservation of energy has resulted in the development of standards which advocate the use of insulating materials which induce high demand within the market.
Europe too is an important revenue pocket for the global insulation market. The resurgence of construction activities coupled with towering environmental concerns is favoring the use of structural adhesives. Moreover, growing interest in energy saving and increasing investment in commercial and infrastructure construction is also supporting market growth.

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Industrial Lubricants Market | Growth Analysis, Segmentation, Key Leaders, Emerging Technology, Competitive Landscape by Regional Forecast to 2023

Market Overview:
Industrial lubricants are used in machines to reduce the friction, modify surface properties, while, regulating the temperature and thereby to reliably maximize their efficiency, lowering total operational cost. In a way, application of these lubricants ensures enhanced operations, improved safety, minimized environmental impacts, and streamlined maintenance cost.
Common industrial applications of these lubricants include air compressors, bearings, natural gas engines, gears, hydraulics, turbines, wind turbines. Although these lubricants are useful for every large and small machine used across the industries, machinery used in energy/ power sectors remain its key application area.
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Energy sectors such as, miming, coal, gas turbines, natural gas engines, nuclear energy, wind energy, O&G, drilling – offshore & onshore, refineries, well services, extensively consume Industrial lubricants to increase the efficiency and operations of millions of machines they use and that are exposed to the harsh climatic conditions, chemicals and to the water.
Clearly, energy/ power sectors drive the market growth of Industrial lubricants, increasing their sale on the global platform. Marin and shipping is another key application are of these lubricants, accounting for the second largest contributor to the market growth. Despite the wide adoption across industries, including some of the burgeoning and prominent sectors, the industrial lubricants market is yet to witness phenomenal growth records.
Market Research Future (MRFR) in its recently published study report mentions that the global Industrial Lubricants market was valued at USD 56.87 billion in 2016, and is expected to grow at 2.4% CAGR during the forecast period 2017 - 2022.
However, paramount concerns pertaining to the environmental hazards associated with the mineral oil lubricants may affect the overall growth of the market in the developed and the developing regions. Adversely, investments in R&D activities to produce innovative lubricants are expected to provide opportunities for growth in the future.
New specifications are bringing formulation changes and additive selection. Moreover, regulations are pushing those specifications towards stricter chemical limits and lower viscosities. Regulations are greatly impacting viscosity and the chemical composition of lubricant additives being used, targeting fuel economy and emissions. Specification upgrades are mandating increased antioxidant and dispersant usage. Mandates like these are anticipated to favor the growth of anti-oxidants, ash-less anti-wear, and dispersants.
The rapid technological advances in the manufacturing sector is intensifying the demand for high-performance and environment-friendly lubricants and their additives. Hence, lubricant manufacturers must continually upgrade their product portfolio and production capabilities to match the revised requirements. Although these results in the emergence of value-added products, severely impact the overall profit margins of these lubricant manufacturers. In addition to the costs of revised formulations, vendors also incur the capital costs associated with the technology and infrastructural upgrades. Noncompliance with the revised requirements invites regulatory attention and leads to a decline in market shares.
Industrial Lubricants Market - Competitive Analysis
Space, characterized by the presence of some well-established players appears to be highly competitive. Well established players incorporate collaboration, acquisition, partnership, technology launch, and expansion.
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Industry/ Innovation/ Related News
May 18, 2018 – Savita Oil (India), a leading global manufacturer for lubricants, launched repositioned Savsol for the Indian lubricant market to reposition the popular lubricant targeting at millennial consumers, mechanics, and trade.
Global Industrial Lubricants Market – Segments
MRFR has segmented the report into 3 key dynamics for the convenience and enhanced understanding;
By Types          : Comprises Hydraulic lubricants, Gear lubricants, Compressor lubricants, and Metal working fluids among others.  
By End Users   : Manufacturing, Automotive, Heavy industries, and Power Generation among others.
By Regions      : North America, Europe, APAC and Rest of the World.
Industrial Lubricants Market – Regional Analysis
Globally, Asia Pacific accounts for the largest market for Industrial Lubricants Market due to the augmented demand from the growing end-users sectors such as energy/power and manufacturing, especially, in India, China, Indonesia & Japan. Growing industrialization coupled with the ever-increasing population drive the regional market growth.
China, backed by the burgeoning manufacturing sector accounts for the largest consumer of the product followed by India, Thailand, Japan, and Vietnam, among others. Also, considerably growing demand for the product in different industrial sectors, foster the growth of the APAC market. The market trends substantiating the regional market growth include rapid urbanization, industrialization and the increasing consumption of the product in the industrial sector.
North America region stands the second largest market for Industrial Lubricants owing to the enormous contribution from the US market, fuelled by the broad application areas of the product across the industries.
The Europe Industrial Lubricants market accounts for the third largest market globally. The resurging economy is fuelling the automotive sector in the region. Furthermore, declining crude oil prices are fostering the growth in the automotive industry, increasing the production rate, which in turn, promotes the growth of the regional market.
However, the stringent environmental regulations imposed on the uses of products that emit volatile organic compounds (VOC) are restricting the market growth on a large scale. Nonetheless, augmenting demand for the product in the industrial sector, and others applications are expected to drive the regional market growth up to some extent.
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Hot Melt Adhesives Market | Size, Share, Challenges, Key Vendors, Drivers and Trends by Forecast to 2023

Market Insights:

Hot melt adhesives are thermoplastic adhesives which are able to create a strong and flexible bond between materials. They provide thermal resistance and stability, environmental compatibility, and excellent finish to applied surfaces owing to which they experience high demand from end-use industries such as food packaging, building & construction, wood working, carton-sealing, and others. The global hot melt adhesives market is likely to showcase noteworthy expansion over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in a detailed study. Raising environmental concerns regarding the use of solvent-borne adhesives has acted as major force motivating the shift towards the use of hot melt adhesives. This has propelled the demand for hot melt adhesives across diverse industry verticals. Expansion of key end-use industries has induced demand within the market. On the other hand, fluctuations in the price and availability of raw materials might hinder the growth of the market over the forecast period.

Industry Segmentation:
The global hot melt adhesives market has been segmented based on type and application. By type, the global hot melt adhesives market has been into ethylene vinyl acetate and polyolefin hot melts. The ethylene vinyl acetate segment is dominating the market due to their extensive application in food packaging, electronics, and construction industry. Ethylene vinyl acetate segment is expected to showcase the maximum growth over the forecast period on account of high demand from end-user industries. Hot melt adhesives are highly preferred over water-based adhesives due to their high mechanical strength and excellent paraffin solubility. Polyolefin hot melts are a combination of tackifiers and base resins which make them moisture and water resistant as well as resistant to polar solvents and solutions.
By application, the global hot melt adhesives market has been segmented into food packaging, buildings & construction, wood working, carton- sealing and others. The packaging segment accounts for the largest share of the global market and is expected to continue its dominance over the forecast period.
Competitive Landscape
  • Henkel AG & Co. KGaA
  • Arkema
  • Dow Corning Corporation
  • B. Fuller Company
  • RPM International Inc.
  • Huntsman International LLC.
  • Sika AG
  • The 3M Company
  • the Dow Chemical Company

Industry Updates
March 2019- LyondellBasell, a global leader in polyolefin technologies announced that HPCL-Mittal Energy Limited (HMEL) had selected its fifth generation Spheripol polypropylene process technology for a new polypropylene plant in India.

Regional Analysis:
By region, the global hot melts adhesives market has been segmented into North America, Latin America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

Europe held the largest share of the market in 2015 and is expected to retain its lead over the forecast period. High demand generated by end-use industries such as automotive, construction, and defense spur the growth of the market in Europe. The UK, France, and Germany are the country-specific markets within Europe.

APAC is expected to be the fastest growing market for hot melt adhesives on account of continuous demand from key end-use industries in the region. Industries such as general consumer packaging, electronics, and woodworking have shifted to hot melt adhesives due to their reliability and versatility which generates high demand for hot melt adhesives. Moreover, hot melt adhesives offer advantages such as low VOC emission, durable retention, and quick setting due to which they are experiencing much demand from the automobile and transport sector. Expansion of the automotive industry in the region acts as a plus for the growth of the market. India and Japan are the key contributors to the APAC market.

North America hot melt adhesives market is spurred by substantial application and demand from the expanding packaging industry.

Accelerated production and manufacturing of polyurethane units in heavy end use industries is expected to speed up the growth of the market in Latin America. Countries such as Brazil, Uruguay, and Argentina are expected to contribute majorly to the market growth in Latin America.

Meanwhile, the MEA market has suffered a setback due to declining crude oil prices and economic slowdown in the region.

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Food Anti-Caking Agents Market | Growth, Analysis, Size, Share, Trends, and Forecast 2016 – 2023

Food Anti-Caking Agents Market – Overview
The long and complicated distribution chains have increased the reliance of the food industry on preservatives such as food anti-caking agents considerably. Market reports linked to the food, beverages & nutrition industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is set to attain elevated CAGR levels in the duration of the forecast period.
The use of anti-caking agents has seen a significant spike in demand in the recent use due to the rise of convenience and ready to eat food options. Their usage in the fertilizer industry, cosmetic industry, and detergent industry are expected to motivate the overall market growth in the coming years. Also, diversification in the product line in the Food Anti-Caking Agents Industry is pushing the development curve of the market. The central focus of ensuring that the products are manageable for transport, packaging, and for use by end consumer is the prime factor inspiring the growth of the Food Anti-Caking Agents Industry.
Competitive Analysis
The alterations seen in terms of strategy execution and creation are modifying the development pace of the market. The plan formulation process in the market has become significantly easier in which deviations are well accounted for; this approach increases the overall success of these plans in the market. The evolution patterns are revised in tandem to the customer likings to realize the greatest growth, and in the long run, viability. The framework for growth plans also has stimulated the market for potential new entrants. The market contenders are making considerable adjustments to minimize the incidence of competitive disadvantage. The leadership trends in the market are reinforcing the level of growth that can be achieved in the current market scenario.  The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively.
  • Evonik Industries
  • Agropur MSI, LLC
  • International Media and Cultures, Inc.
  • Solvay S.A.
  • Univar Inc.
  • PPG Industries
  • Brenntag
Detailed Regional Analysis 
The Food Anti-Caking Agents Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The European market is controlling the anti-caking agents market shadowed by the North American region. In the European region, France and Germany are the main consumers of food anti-caking agents, owing to the high consumption of ready to eat foods. Furthermore, the Asia Pacific region is anticipated to increase in the food anti-caking agent market in the coming years due to increasing population and a consumer shift towards convenience food. Also, India, China, & Japan are anticipated to capture a high market share of the Food Anti-Caking Agents Industry in the Asia Pacific region.
Segmental Analysis
The Food Anti-Caking Agents Industry is segmented on the basis of type, region, and applications. On the basis of type, the Food Anti-Caking Agents Industry comprises of sodium compounds, microcrystalline cellulose compounds, calcium compounds, magnesium compounds, and others. Among all the segments, the calcium compounds segment holds a main portion of the market because of the increasing consumption of food ingredients and the demand for food products with an extended shelf life. The global Food Anti-Caking Agents Industry is segmented on the basis of application, which comprises of dairy products, bakery products, seasonings and condiments, soups and sauces, others. Among all the segments, the soups and sauces segment show an elevated growth followed by the seasonings and condiments segment. The regions studied in this market are North America, Europe, Asia Pacific, and Rest of the World (RoW).

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Decorative Coatings Market | Trends, Scope, Sales & Revenue, Price, Applications, Competitive Landscape and Better Investment Opportunities by 2023

Market Overview:
Decorative Coatings are known for their ability to produce a special coating on the surface of several materials to protect them from any adverse impacts. These decorative coatings can be used as a protectant & colorant for metal. It can protect wooden & concrete structures from getting bleached. It can also prevent chalking and general deterioration. In the market, there are two types available; Water-borne and solvent-borne. Both these segments contribute notably to the growth of the market. Their ability to protect plastic and metal components can also be taken into account for a better understanding. The construction industry can spur the global market for decorative coatings between 2018 and 2023, which MRFR has considered as the forecast period for the report.
The rising population, better disposable income, growing industrialization & urbanization, and others can be taken into account for a detailed reading of the prospect of the decorative coatings market. However, the market is witnessing a surge in the implementation of stringent policies that can deter the growth rate of the market. However, innovations can assist the market in finding back the lost grounds.
Competitive Analyses
  • PPG Industries Inc. 
  • BASF SE
  • Akzo Nobel N.V.
  • The Sherwin-Williams Company
  • Kansai Paint Co., Ltd. 
  • Asian Paints Limited
  • Nippon Paints Co. Ltd
  • Arkema S.A.
  • The Valspar Corporation
  • Tikkurila Oyj
In October 2019, Intevac, Inc, announced the launch of its DiamondClad, which can be termed as a superlative decorative painting. The product is a type of scratch-proof solution.  It has high optical clarity and better durability than its older versions.
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Market Segmentation:
The report published by MRFR, with an intent to see the Global Decorative Coatings Market from a close quarter, segments the market on the basis of technology, type, and application. Such a segmentation has a better understanding of various market influencers and that study has been backed by volume-wise and value-specific understanding of the market.
By type, the market for the Decorative Coatings can be segmented into the emulsion, enamel, primer, and others. Decorative Metal Coatings would trigger the high inclusion of these segments in the coming years.
By technology, the market report relying on the Decorative Coatings Market can be segmented into water-borne and solvent-borne. Inclusion of eco-friendly ways to inspire better growth for the water-borne segment in the coming years.
By application, the decorative coatings market can be segmented into non-residential, residential, and others. Both residential and non-residential segments can witness high growth in demand for decorative coatings for concrete.
Regional Analysis:
The global market for decorative coatings, as predicted in the report published by MRFR, would see the Asia Pacific region as the fastest-growing region during the forecast period of 2017 and 2023. This would gain much from the expanding construction industry. The Middle East & Africa can also promise high growth for the market with a significant hike in the construction industry in countries like Dubai, Saudi Arabia, and others. Dubai is projecting itself as a major tourist and business destination owing to which several construction-related activities are going on. This can fetch a high amount of revenues.
North America’s growth in the market would be superlative with several countries like the US and others making a significant impact on the market. The US was the largest contributing country in 2016. In Europe, the growth would be triggered by countries like Germany, Russia, the UK, France, and others. The growth would gain much traction from rising construction and renovation activities.
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Dairy Enzymes Market | Size, Growth, Opportunities and Demand with Competitive Landscape and Analysis Research Report, 2023

Market Overview
Dairy enzymes are used to produce cheese and yogurt as well as other dairy products. These enzymes function as a coagulant, which is required to make cheese. Also, bio-protective enzymes enhance the shelf life and safety of dairy products.  Moreover, they are also used to improve texture and flavor. Dairy enzymes are widely used in the production of several functional dairy beverages.
Market Forecast
The global market for dairy enzymes has been experiencing high demand in the last few years and is projected to reach USD 829.6 million by 2023. Rising high growth of dairy products is anticipated to be the key factors for the rising growth of dairy enzymes market at a global level.
There has been increasing incidences of lactose intolerance across the globe. People who are lactose intolerant lack enzyme (lactase) in their small intestine to break down all of the lactose consumed. Lactose intolerance encompass dairy products allergy, disaccharide deficiency, lactase deficiency or milk intolerance and the partially digested or undigested lactose leads to pain, abdominal bloating, diarrhea, skin problems, sleep disturbances, tiredness and other health problems. Lactose intolerants cannot ingest dairy products as it leads to nausea, abdominal pain, abdominal gas & flatulence, vomiting, perianal redness, acidic diarrhea, and various other health issues. Lactase enzymes are used widely by the dairy products manufacturers in order to cuts lactose into its constituent sugars, galactose, and glucose. So, increasing lactose intolerance among the consumers is expected to fuel the growth of dairy enzymes market at a global level.
 All the factors are anticipated to boost the global dairy enzymes market to expand at the CAGR of 7.4% during the forecast period of 2018-2023.
Competitive analysis
This report includes a study of strategies used in the market, mergers, and acquisitions and multiple product launch by dairy enzymes market players. It further includes product portfolios and developments of leading players, which includes
  • Hansen Holding A/S (Denmark)
  • Danisco A/S (U.S.)
  • DSM N.V. (Netherlands)
  • Kerry Group PLC. (Republic of Ireland)
  • Novozymes A/S (Denmark)
  • Biocatalysts Limited (U.K.)
  • Advanced Enzyme Technologies Limited (India)
  • SternEnzym GmbH & Company KG (Germany)
  • Connell Bros. Co. LLC (U.S)
  • Amano Enzyme Inc. (Japan)
Downstream Analysis
The Dairy Enzymes Market is segmented on the basis of type, application, and source.
Among the type, proteases segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 7.78% during the forecast period due to the massive usage of the products in the processing of cheese.
Among application of dairy enzymes, cheese segment is accounting for approximately 67% market share followed by milk accounting for 15.7% of the global dairy enzymes market. Among the source, animal & microorganism segment is anticipated to retain its dominance throughout the forecast period. The segment is projected to expand at CAGR of 7.50% during the review period.
Region Analysis
The global dairy enzymes market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these, North America region is dominating the market over the forecast period. The North America region is projected to grow at a CAGR of 7.50% during the review period. This is attributed to high consumption of dairy enzymes in this region. Furthermore, Asia Pacific is projected to witness the highest growth rate during the forecast period 2018-2023. In Asia Pacific, China has been dominating the market with market share of 27.8% since 2017.

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Concrete Admixtures Market | New Industry Research on Present State & Future Growth and Analysis Prospects to 2023

Market Synopsis of Global Concrete Admixtures Market:

Global Concrete Admixtures market is growing rapidly at the rate of CAGR of XX% in the past years and is expected to grow at the same rate in developing economies in forecast year. Concrete admixtures are supreme  chemicals added to concrete at the initial mixing stage to modify the working properties of the mixture.  Properties of concrete enhances strength, durability  and with admixture adds chemical stability with reduction in water usage. Admixture not only reduces water content,  also helps in slowing down the rate at which concrete sets. Therefore, workers do not feel overloaded in working on structures. The global concrete admixtures market is segmented based on function, application and region for the forecasted period 2016 to 2022. On basis of concrete admixtures, it is segmented by functions such as
  • Plasticizers – Water reducing agent.
  • Super Plasticizers- High range of water reducers.
  • Air Entrainers- Increased Cohesion
  • Accelerators & Retarders- Reduces the time for mix to set
  • Waterproofing Admixtures- Blocks capillary pores of concrete.

Growing demand for infrastructures in developing economies, rapid urbanization and rise in income of middle class had shifted the demand for residential and construction to new better level which in turn drives the growth of concrete admixture market in the future. Government policies for infrastructure standard and need for reduction in water usage during construction time is a major concern for contractors which can be addressed by the effective use of concrete admixtures.    
Global Key Players:
  • The Dow Chemical Company
  • BASF SE
  • Sika AG
  • R.
  • Grace & Co
  • Pidilite Industries
  • RPM International
  • CICO Technologies Ltd,
  • Ashland Inc, Chryso SAS
  • Fosroc International
Geographical Analysis:
Geographically, APAC region dominates these concrete admixture market both in terms of volume and value. As per analysis, developing economies like China, India and Brazil are consuming high amount of concrete for blooming civil structures.  Change in FDI policies and growing residential demand due to rise in population is providing an opportunity for the concrete admixture market to grow  in forecasted period. North America and Europe is expected to show sluggish growth due to saturation of construction industry.
Industry/ Innovation/ Related News:
October 10, 2017- BASF SE, on the world’s a leading manufacturer of construction chemicals announce official commissioning of a new production plant of construction chemicals at Saint Petersburg in Russia. The new plant has three lines which produce, respectively, concrete additives, alkali-free concrete setting accelerators, and tunneling shield lubricants. Investments in the new production facility at this stage amounted to about USD 5.60 million.
September 20, 2016- BASF established a new R&D team to work on concrete admixture solutions and technologies in Chigasaki, Japan.  Major focus of the team is on developing innovations that can increase productivity, durability and sustainability for the construction industry. This development is complementing the existing R&D centres around the world to bring innovations to Asia Pacific faster and to meet local needs.
August 4, 2016- Germany based global specialty chemicals manufacturer BASF SE has launched groundbreaking concrete admixture range called MasterEase, in Japan. MasterEase is a next generation admixture for low-viscosity concrete. This new admixture range improves the rheological properties, reduces viscosity in concrete by up to 30%, facilitating pumping, placing, leveling, and finishing of concert and stability of high-performance concrete. BASF Japan will launch products applicable for ready-mix concrete and precast applications. This product is going help diverse applications in construction industry of Japan and is likely to propel growth of the concrete admixture market in Asia Pacific.
June 7, 2016- Sika has opened its second production plant in Saraburi, North of Bangkok.  It has production capacity for 100,000 tons of mortars and 65,000 tons of concrete admixtures per year.
Reasons to buy:
  • his report includes in-depth study analysis of Concrete Admixtures market
  • It covers market segmentation by type, application and end user.
  • It helps in identifying region-wise major suppliers and understanding consumption patterns.
  • It provides useful and premium insights that will support investments of Concrete Admixtures  and allied companies providing details on the fast-growing segments and regions.
  • It provides key findings that will help companies to improve productivity by using supply chain strategies, cost effectiveness of various products mentioned in the report.
  • The data used in the report is primarily based on primary interviews with the major producing companies and industry experts which are supported by authentic industry data from secondary sources.
The report for Global Concrete Admixtures Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Target Audience:
  • Concrete Admixtures producers
  • Traders and distributors and suppliers of concrete admixtures
  • Association and government bodies.
  • Cement manufactures and contractors
  • Research institute

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Biomaterials Market | Trends, Sales, Industry Latest News, Size, Share and Consumption by Forecast to 2023

Market Highlights
Biomaterials are any materials that are used to implant missing or damaged tissues. They can be natural or synthetic in nature and regardless of their origin, they are compatible to be used in place of living tissues. Biomaterials are broadly used in drug delivery as capsules or nano-shells.  Generally, they are biodegradable as well as bioresorbable so that they can disappear from organism after completing their function. They can also be used as substitutes of bone, collagen membranes, regenerative dentistry as well as in bone and cartilage regeneration during an orthopedic surgery. However, high cost associated with biomaterial production, abrasive wear of implantable products, and biocompatibility issues with the products hamper the market growth.
Key Players
  • Royal DSM
  • BASF SE
  • Corbion N.V.
  • Covestro
  • Invibio Ltd.
  • Carpenter Technology Corporation
  • Evonik Industries AG
  • Berkeley Advanced Biomaterials, Inc.
  • CAM Bioceramics BV
  • Celanese Corporation
  • Wright Medical Technology, Inc.
  • Zimmer Biomet Holdings, Inc.
  • Bayer AG
  • Collagen Matrix
Regional Analysis
Global biomaterial market consists of regions namely the Americas, Europe, Asia Pacific, and the Middle East & Africa.
North America dominated the global biomaterial market owing to the technological advancement in medical technology such as the development of smart biomaterials and improving healthcare infrastructure, which have fueled the market growth. Europe holds the second largest share of the global Biomaterials Industry.
Asia Pacific is the fastest growing Biomaterials Industry across the globe. Government and private initiatives have increased awareness regarding biomaterial application and increased incidences of neurological disorders; thereby, driving the market growth in the Asia-Pacific region. The Middle East and Africa hold the least share of the global Biomaterials Industry due to limited availability of medical facilities.
Segmentation
The global Biomaterials Market is segmented based on the type of biomaterials and the application.
Based on the type, the market is segmented into metallic, ceramics, polymeric, natural biomaterials, and others. The metallic segment is divided into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, silver, gold, and magnesium. The ceramics segment is divided into calcium phosphate, aluminum oxide, zirconia, calcium sulfate, carbon, and glass. The polymeric segment is further divided into polymethylmethacrylate (PMMA), polyethylene, polyester, polyvinyl chloride, silicone rubber, nylon, polyetheretherketone (PEEK), polylactic acid, poly glycolic acid, and poly(lactide-coglycolide), and others. The natural biomaterials is further segmented into hyaluronic acid, collagen, gelatin, fibrin, cellulose, chitin, alginate, and silk.
Based on the application, the market is classified as cardiovascular, orthopedic, ophthalmology, dental, plastic surgery, wound healing, tissue engineering, neurological disorders, and others. The cardiovascular segment is divided into catheters, stents, implantable cardiac defibrillators, pacemakers, sensors, heart valves, vascular grafts, guidewires, and others. The orthopedic segment is divided into joint replacement, viscosupplementation, bioresorbable tissue fixation, spine, fracture fixation devices, and orthobiologics. The joint replacement is further divided into knee replacement, hip replacement, shoulder replacement, and others. The bioresorbable tissue fixation is divided into suture anchors, interference screws, meniscal repair tacks, and meshes. The spine is divided into spinal fusion, minimally invasive fusion surgery, and motion preservation. The fracture fixation devices is divided into bone plates, screws, pins, rods, and wires. The ophthalmology is further divided into contact lens, intraocular lens, functional replacements of ocular tissues, synthetic corneas, and others. The dental segment is further divided into dental implants, dental bone grafts & substitutes, dental membranes, and tissue regeneration materials. The plastic surgery is divided into soft tissue fillers and craniofacial surgery. The wound healing is categorized into wound closure devices, adhesion barriers, surgical hemostats, internal tissue sealants, and hernia meshes. The tissue engineering segment is divided into scaffolds for regenerative medicine, nanomaterials for biosensing, and tailoring of inorganic nanoparticles. The neurological disorders segment is divided into shunting systems, cortical neural prosthetics, hydrogel scaffolds for CNS repair, and neural stem cell encapsulation

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2, 4-Dichlorobenzyl Alcohol Market | Research, Size, Share, Trends and Forecast 2019-2023


Market Overview:
2, 4-Dichlorobenzyl Alcohol with a chemical formula C7H6Cl2O is primarily used as an antiseptic. DCBA is an active ingredient in throat lozenges such as strepsils, gorpils, and lorsept. Commonly a low pH throat lozenge contains amylmetacresol and dichlorobenzyl alcohol and considered to kill various types of viruses. DCBA works as an antimicrobial and find application such as preservative, insecticide, chemical intermediate, and others in various end use industries such as agriculture, pharmaceutical, cosmetics & personal care, general industry, and others.
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Some of the prominent factors that positively influence the growth of 2, 4-Dichlorobenzyl Alcohol Market are rapid urbanization, booming healthcare sector, and improving standard of living. Robust demand for preservatives and increasing developments in cosmetics & personal care sector is expected to increase the demand for various personal care products, which in turn, is predicted to propel the growth of the market. Additionally, rising disposable income coupled with increasing usage of personal care products to mitigate the harmful effects of pollution, UV rays, and dust are estimated to fuel the growth of the market. However, availability of other cheaper cosmetics products is expected to hinder the growth of the market over the assessment period.
Competitive Analysis:
·        BASF SE
·        Reckitt Benckiser Healthcare International Ltd.
·        Sigma-Aldrich Co. LLC
·        EMKA-Chemie Gmbh & Co. KG
·        Santa Cruz Biotechnology, Inc.
·        Bioxera Pharma Private Limited
·        Benzo Chem Industries Pvt. Ltd.
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Market Segmentation: -
The Global 2, 4-Dichlorobenzyl Alcohol Market is segmented on the basis of application, end use industry, and region. Based on application, DCBA market is categorized into preservative, insecticide, chemical intermediate, and others. Based on end use industry, the market is classified into pharmaceutical, agriculture, cosmetics & personal care, general industry, and others. Among the application segment, preservative and chemical intermediate are expected to hold the larger share as compared to others. Increasing consumption of DCBA in various personal care products such as shampoo, skin care, hair care, lotion, and other is predicted to fuel the growth of segment in the upcoming years. Among the end use industries, pharmaceutical and cosmetics & personal care segment accounts for the largest market share owing to the wide utilization of antimicrobial and preservatives. Agriculture segment is expected to be the fastest growing and exhibiting the highest CAGR during the review period. The growth of this segment is attributed to the increasing usage of insecticide for crop protection as well as rising demand for high quality crop production.
Regional Analysis:
North America is estimated to be the largest market for 2, 4-Dichlorobenzyl Alcohol followed by Europe and Asia Pacific on account of increasing demand from pharmaceutical and cosmetics & personal care sector among others.Countries of North America and Europe such as the U.S, Canada, Germany, France, Spain, and the UK are expected to witness significant growth of the market owing to the expansion of pharmaceutical and Cosmetics & Personal care sector. Asia Pacific is expected to grow with the healthy CAGR due to the robust demand for DABC in emerging economies such as India, China, Thailand, Vietnam, and Malaysia. Latin America and the Middle East & Africa is predicted to witness moderate growth owing to average demand for DCBA in personal care products.
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Thursday, March 26, 2020

Polyvinylpyrrolidone Market | Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2023

Market Overview:
Polyvinylpyrrolidone (PVP), also known as polyvidone or povidone, is a polymer derived from N-vinylpyrrolidone monomer. PVP is available in liquid or solid state under different forms such as powder, aqueous, and organic solutions.  It is soluble in water and other polar solvents and offers excellent film forming, anti-microbial, moisture holding, and non-allergic properties.
The global polyvinylpyrrolidone market is primarily driven by the increasing demand for polyvinylpyrrolidone as an excipient and binder from pharmaceuticals and cosmetics industry. The increasing demand for cosmetics owing to the hair and skin concerns is also expected to propel the market growth. Polyvinylpyrrolidone is used as a food additive and stabilizer which is anticipated to drive the polyvinylpyrrolidone demand in food & beverage industry over the assessment period. Approval from the U.S. Food and Drug Administration has further augmented the adoption of polyvinylpyrrolidone in the food & beverages industry.
Furthermore, the increasing adoption of polyvinylpyrrolidone in various applications such as water treatment, membrane distillation, gas separation, pollutants removal, and bioethanol recovery to block the polyvinylidene difluoride (PVDF) membrane and to avoid nonspecific binding is likely to boost the market growth. Increasing demand for the product for manufacturing adhesives is projected to contribute to the bolstering market growth during the review period. It is also used in paints & coatings, detergents, printing inks, and photography which may aid the market growth. However, the volatility in the availability of raw materials and their prices may challenge the market growth. The use of hyaluronate in place of polyvinylpyrrolidone in skin care and Intracytoplasmic Sperm Injection is likely to restrain the market growth. Some of the trends noted among major players in the global polyvinylpyrrolidone market are expansions and mergers. For instance, in January 2015, BASF SE invested around USD 65 million for the expansion of their production by 6000 tons to improve its PVP manufacturing facilities in the U.S. and Germany. Additionally, the company plans to add a PVP production facility at their Shanghai facility to expand its business in Asia Pacific region.
Market Segmentation:
The global Polyvinylpyrrolidone Market is segmented by grade and application.
Based on the grade, the market is segmented into PVP K-15, PVP K-30, PVP K-60, PVP K-90, and PVP K-120.
Based on the application, the global polyvinylpyrrolidone market is segmented as pharmaceuticals, cosmetics, food & beverage, adhesives, and others.  
Competitive Analysis
  • BASF SE
  • Ashland
  • Zhangzhou HuaFu Chemical Co., Ltd
  • Hangzhou Motto Science & Technology Co., Ltd.
  • Shanghai Yuking Water Soluble Material Tech Co., Ltd
  • Alfa Aesar, Thermo Fisher Scientific
  • Merck KGaA
  • The Dow Chemical Company
  • Jh Nanhang Industrial Co., Ltd
  • NIPPON SHOKUBAI CO., LTD
Regional Analysis
The global Polyvinylpyrrolidone Market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
North America accounts for the largest market share owing to the high demand for polyvinylpyrrolidone from pharmaceuticals, cosmetics, and food & beverage industries in the U.S. and Canada.
Asia Pacific region is growing at a considerable rate due to the high demand from various end-use industries such as pharmaceuticals, food & beverage, and others. This demand can be attributed to the growing geriatric population and the related health issues in this region.
Europe is expected to grow on account of the expanding healthcare sector in western countries such as Germany, U.K, France, and others.
Intended Audience
  • Polyvinylpyrrolidone Manufacturers
  • Traders and distributors of polyvinylpyrrolidone
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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Polyurea Coatings Market | Share, Size, Future Demand, Global Research, Top Leading Player, Emerging Trends, Region by Forecast to 2023

Market Insights:
Polyurea coating is a type of coatings, which are applied to improve the performance efficiency of the substrate. It is produced by reacting isocyanate with resin blend that forms a rubber-like substance, which coats the substrate. It is compatible with various substrates such as concrete, metals, wood, and others in a wide range of temperature and humidity. Furthermore, it is eco-friendly and does not contain any volatile organic compounds (VOC). Various conventional coatings are available in the market such as epoxy, vinyl ester, PU, and polychloroprene coating.
 Polyurea coating provides several advantages over conventional coatings such as fast curing, high coating thickness, and extreme weather resistance to high humidity and low temperatures. Moreover, it impart superior durability, abrasion resistance, corrosion resistance, waterproofing, chemical resistance, decoration, and structural enhancement than conventional coatings. This coating is available in water-based formulations and variety of color and designs. Similar to conventional coatings, polyurea coating requires surface preparation such as sandblasting or priming prior to its application. Technological innovations have led to the availability of antimicrobial agents in polyurea coatings, which prevent the product from degrading.
Rising popularity of environment-friendly products is expected to boost the demand for polyurea coatings over the forecast periods. High demand from the building & construction, transportation, industrial, and chemical industry are expected to drive the global polyurea coatings market over the forecast period 2018-2023. Polyurea coatings have numerous applications in the building & construction industry such as playground fixtures, waterproof tank linings, asbestos encapsulation, pipeline coatings, tunnels, pedestrian footpaths, floor coverings, sewage pits, bridges, tanks, truck linings, and secondary containments. Additionally, polyurea coatings are also employed in chemical industries due to its superior chemical resistance properties.
However, availability of alternatives, for instance, epoxies at lower cost than polyuria coatings are likely to hamper the global polyurea coatings market during the forecast period 2018-2023. However, polyurea coatings can last three to five times longer than the conventional coatings which makes it quite cost-effective.
Key Players:
  • VersaFlex Incorporated
  • The Polyurea People
  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • Rhino Linings Corporation.
  • KUDKO CHEMICAL CO. LTD.
  • Huntsman International LLC.
  • Armorthane
  • Rust-Oleum
  • SPI Performance Coatings
  • Lse Building Preservation Ltd
Market Segmentation:
The global polyurea coatings market is segmented by type, raw material, technique, end-use industry, and region.
On the basis of the type, the global polyurea coatings market is segmented into pure polyurea coatings and hybrid polyurea coatings.
On the basis of the raw material, the global polyurea coatings market is segmented into aromatic isocyanate and aliphatic isocyanate.
On the basis of the technique, the global polyurea coatings market is segmented into spraying, pouring, and hand mixing.
On the basis of the end-use industry, the global polyurea coatings market is segmented into building & construction, automotive, industrial, chemical, and others.
On the basis of the region, the global polyurea coatings are segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The Polyurea Coatings Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. 
North America is expected to be the largest market for polyurea coatings and is expected to dominate the market over the forecast period owing to growing renovation and repairing activities in the region.
Europe is expected to be the second largest market for polyurea coatings owing to the high demand from the established automotive industry. Stringent regulations against the use of products that have high VOC content is contributing to the growth of the North American and European region further.
Asia Pacific is expected to be the fastest growing market for polyurea coating across the globe due to growing investments in emerging economies and rapid industrialization and urbanization. Large automobile industry in China is adding fuel to the demand for polyurea coatings further.
The Middle East & Africa is expected to show a steady growth for polyurea coatings mainly from its building & construction industry.
Latin America is also expected to witness significant demand for polyurea coatings from its evolving construction industry mainly in Brazil, Mexico, Chile, and Venezuela among others.
Intended Audience
  • Polyurea coatings manufacturers
  • Traders and distributors of polyurea coatings
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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Polyphenol Market | Growth, Competitive Landscape, Development Status, Size, Share, Forecast To 2023


Market Overview:


Polyphenols are plant metabolites and essential micronutrients required for the human body. The global polyphenol market is segmented based on its types of flavonoids, phenolic acids, stilbenes, lignans. Among these, the phenolic acids type is the leading segment owing to its use for the treatment various diseases such as coronary heart disease, stroke, and cancers. Phenolic acids are abundant in the diet and readily absorbed through the walls of intestinal tract. The growing health issues in the geriatric population and health awareness in the young generation are the major drivers of the global polyphenol market. These acids exhibit anti-bacterial properties and can easily permeate through the skin, which is likely to drive their demand for the manufacturing of cosmetic & personal care products. Flavonoids work as antioxidants and anti-inflammatory agents, which are necessary for removal of carcinogens. Moreover, the consumption of stilbenes and lignans are essential maintain the health of heart.


Market Segmentation:

The global polyphenol market is segmented based on source, type, application, and region.
Based on the source, the global polyphenol market is segmented into fruits, vegetables, whole grains, nuts, legumes, beverages, spices, and others.

The global market is segmented based on type into flavonoids, phenolic acids, stilbenes, and lignans.
Based on the application, the global Polyphenol Market is segmented into functional food & beverage, dietary supplement, cosmetics, pharmaceuticals, and others.

Competitive Analysis:
  • Diana Group
  • MB- Holding GmbH & Co. KG
  • Guilin Layn Natural Ingredients Corp.
  • Hansen Holding A/S
  • DuPont Nutrition & Health
  • Naturex
  • Ajinomoto OmniChem N.V.
  • Indena S.p.A.
  • Frutarom
  • Archer Daniels Midland Company
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Regional Analysis:

The global polyphenol market is segmented into five regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific is the largest region owing to the abundant availability of feedstock to produce polyphenols in the region. The high consumption of the product in the pharmaceuticals and food & beverage industries in Japan, India, and China is another driver of the global market.

The North American market is the second largest region in the global market on account of high penetration of the product in the food & beverage and cosmetics industry coupled with the high disposable income in the U.S. and Canada.

Europe is expected to showcase significant growth due to the increasing health awareness and the benefits of consumption of polyphenols.

Latin America is growing on the backdrop of the changing food consumption habits and growing health awareness in this region.



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Phthalic Anhydride Market | Size, Share, Trends, Scope, Sales & Revenue, Price, Applications, Competitive Landscape and Better Investment Opportunities Analysis by MRFR



Market Research Future Has Published a Half-Cooked Research Report on the “Global Phthalic Anhydride Market Research Report – Forecast to 2023”.
Market Overview:
The global phthalic anhydride market, as per a report by Market Research Future (MRFR) is touted to register a healthy CAGR during the forecast period (2017-2023).
Phthalic anhydride is an organic compound, which is white and appears in molten form or lustrous crystalline flakes and possesses a pungent odor. The compound is extensively used in the production of plasticizers, which results in the making of PVC. It is produced by oxidation of naphthalene in concentrated sulfuric acid in the presence of mercury sulfate. The compound is soluble in benzene, alcohol, hot water, carbon disulfide, and is slightly soluble in ether and water.
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The mounting demand for PVC from the automotive and construction industries is likely to trigger the demand for plasticizers and ensure a stable source of revenue for the phthalic anhydride market. The surging application of UPR in surface coatings and reinforced laminates will propel the market growth in the automotive, construction, and electrical & electronics industry. Phthalic anhydride is extensively used to produce flame retardants which find huge application in foams of furniture, electronics products, and car seats. This is predicted to encourage the market growth in the home furnishing, automotive, and electrical & electronics industry. Surging demand for dyes and pigments from the plastics and paints & coating industry will create new growth opportunities for the market. Moreover, the surging demand for polyester polyols used in the manufacturing of polyurethanes is likely to offer growth opportunities in the foreseeable future.
Despite such advantages, phthalic anhydride possesses some characteristics which will impede the market growth in the coming years. The short-term exposure to phthalic anhydride can result in irritation to the eyes, skin, and respiratory tract. Meanwhile, long-term exposure can lead to rhinitis, conjunctivitis, irritation of the skin and mucous membranes of the respiratory tract, bronchitis, and even cancer in extreme cases. This is likely to slow down the market growth in the long run.
Segmental Analysis:
The Phthalic Anhydride Market has been segmented on the basis of application and end use industry.
By application, the market is segmented into unsaturated polyester resins, plasticizers, flame retardant, alkyd resins, dyes & pigments, and others. Of these, the plasticizers segment acquired the lion’s share in 2017 and is likely to expand with the booming PVC market. Plasticizers find application in curing of coatings, fixing the moldability of PVC, and surface protection. This is further anticipated to encourage the market demand in the segment.
The end use industry comprises automotive, construction, electrical & electronics, and others. Of these, the construction industry has better scope for the phthalic anhydride market owing to a varied application of UPR, PVC, and alkyd resin to manufacture several products.
Competitive Dashboard:
  • Hongxin Chemical
  • BASF SE
  • ExxonMobil Corporation
  • NAN YA PLASTICS CORPORATION
  • I G Petrochemicals Limited
  • AEKYUNG PETROCHEMICAL Co., Ltd
  • Koppers Inc.
  • Polynt SPA
  • UPC Group
  • Mitsubishi Gas Chemicals Co. Inc.
Browse key industry insights spread across 100 pages with data tables and figures of the report “Steel Market: Information by Type (Flat and Long), Product (Structural Steel, Prestressing Steel), Application (Building & Construction, Automotive, Electrical Appliance), and Region (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa)—Forecast till 2023” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/phthalic-anhydride-market-5919
Regional Frontiers:
Geographically, the phthalic anhydride market spans across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Considering the global scenario, the Asia Pacific is likely to command the fastest and largest share in the global market, mainly due to the recent boom in the automotive, construction, and electrical & electronics industry. Strong supply and rising inventory management of PA among the producers have generated downward pressure on the raw material prices.
Europe is likely to experience strong demand from the microelectronics and automotive industries. The region is likely to expand at a steady pace, in terms of revenue as well as volume. The region may expect slow growth in the coming years due to the slow recovery of manufacturing industries from the effects of economic turndown. Meanwhile, North America will register a steady demand for phthalic anhydride from the construction and renovation industry.
However, strict environmental mandates in North America and Europe are likely to restrict the market growth owing to the toxicity of phthalic anhydride.
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Methionine Market | Report, Share, Analysis, Size, Growth, Trends Forecast to 2023

                     
Market Overview:
Methionine is one of the essential amino acids required for growth and tissue repair in humans, animals, and avian species. It is important for angiogenesis, i.e., the growth of new blood vessels and maintains the metallic element level in the body. High levels of methionine can be found in eggs, cheese, spinach, asparagus, sesame seeds, Brazil nuts, fish, meat, and poultry.
The global methionine market is majorly driven by its usage in major end-user industries such as animal feed, food & beverage, pharmaceutical, and others. The animal feed is the largest segment in terms of value and is expected to lead the global methionine market over the next 7 years. The increasing concerns about food safety and animal health and nutrition is driving the market growth. The use of methionine in the food & beverage industry has augmented the market growth due to its ability to combine with other chemicals in the body to remove toxins. It converts into S-Adenosyl Methionine, which is a chemical used to treat depression and reduce osteoarthritis pain.
Industry news
May 19, 2016- Sumitomo Chemicals have commences new production plant and have expanded methionine production line in Japan. It is the key market in Asia Pacific and active demand is observed in this economy for feed additive. Sumitomo Chemicals were operating at existing production capacity of 150,000 tones/per year. It has added additional 100,000 tons of methionine. As per the proposed plan, this production capacity will be undertaken in third quarter of 2018.
December 6, 2016 – Sumitomo Chemicals and Itochu Corporation have formed joint venture for methionine distribution. Together both of these companies have bound in an distribution agreement, wherein, feed additive methionine which is to be produce in a new production line at the Ehime Works of Sumitomo Chemicals. Scope of the this partnership includes establishment of joint venture to drive the sales of methionine manufactured (1,00,000 tonnes) in new production line. Itochu would be responsible for the distribution of methionine.
October 19, 2016 – Evonik Industries started construction of second methionine production plant in Singapore. This production plant is a major expansion and is being undertaken and a result of augmented emend for DL-methionine in continued demand for animal nutrition. Initially this plant would be capable of producing 300,000 metric ton per year of methionine.
November 27, 2015 – Sumitomo Chemicals have doubled their poultry feed additive and expanded production capacity of methionine. It has spent USD 485 million for this capacity addition. To cater increasing demand form the poultry from China and Asian country level markets.
October 1, 2015 – Evonik Industries have added 150,000 tones/year methionine product capacity. Increasing animal nutritional awareness is the key factor driving the demand for methionine demand and has led this expansion. With this expansion, Evonik Industry follows the global megatrend of health   and nutrition, which is raising the DL-methionine growth. 
Competitive Landscape
  • Sumitomo Chemical Co, Ltd
  • Evonik Industries
  • Bluestar Adisseo Co Ltd
  • Novus International
  • Tokyo Chemical Industry Co ltd
  • Sunrise nutrachem Group
  • Prinova Group LLC
  • Amino Gmbh
Market Segmentation
The Methionine Market is segmented on the basis of the type, end-use industry, and region.
On the basis of the type, the global methionine market is segmented into DL-methionine, methionine hydroxy analogue (MHA), and L-methionine.
On the basis of the end-user industry, the global methionine market is segmented into animal feed, food & beverage, pharmaceuticals, and others.
Intended Audience
  • Methionine Manufacturers
  • Traders and distributors of methionine
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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