Sodium Bicarbonate Market Size, Share, Demand & Trends by 2031
According to the report, the market is expected to flourish at a rising CAGR of 3.9% during forecast period. ESOMAR- certified firm Future Market Insight (FMI) has recently published a report on the global sodium bicarbonate market for the forecast period of 2021-2031.
There is substantial potential for high quality pharmaceutical and food grade sodium bicarbonate. Increasing demand from end-use industries such as chemical, pharmaceutical, and food & beverage market will create lucrative opportunities for the players.
Sodium bicarbonate's properties and characteristics such as odour neutralizing, cleaning, grease cutting, and moderate abrasiveness makes it ideal for numerous end users. It has niche application in the production of fire extinguishers and animal feed, contributing more to the revenue.
Charts and data tables about market and segment sizes for a historic period of five (2021-2031) years have been covered in this report. Request a sample report
Key takeaways from FMI's Sodium Bicarbonate Market Study
The U.S. accounts for more than 80% of the North America market. The rising application in pharmaceutical and food & beverage industries will drive growth in the U.S.
Powdered sodium bicarbonate accounts for 82% of the global sodium bicarbonate market. It is expected to dominate the market owing to its impressive physical properties. Due to its crystalline nature it finds application in industries such as pharmaceutical, chemical, food and beverage, and water treatment facilities.
Technical grade sodium bicarbonate will account for 40% of the global market shares. This growth is largely attributable to it's as application in leather processing, flue gas desulfurization, and chemical production.
China is expected to be one of the dominant markets globally due to the presence of various end-use industries and manufacturers. It is expected to account for more than US$500 Mn by the end of forecast period.
Germany accounts for around 21% of the Europe market owing to presence of key players and favourable environment for adoption.
"Demand for high quality and cost-efficient sodium bicarbonate is expected to rise around the world. In order to capitalize on existing opportunities, market players are likely to focus on various expansion strategies. Some of them are likely to focus on strategic collaborations to gain competitive edge," says the FMI analyst
Who is Winning?
Key players in the market are focusing on generating profit by exploring potential applications. Players are expanding their geographical boundaries to expand consumer base.
In March 2021, Solvay SA announced to divest its soda ash and derivatives business into a separate legal entity so that it can maximize cash flow generation and improve company's strategic flexibility.
In June 2020, Tata Chemicals announced its business reorganization under verticals of material science, energy science, agri science, and nutritional science to focus on lucrative chemistry and science segments.
Some of the leading players operating in the market are:
Tata Chemicals Ltd.
Church & Dwight Co., Inc.
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More Insight on the Global Sodium Bicarbonate Market
In the latest study, Future Market Insights gives a detailed insight on the sodium bicarbonate market, providing historical data for the period of 2016 to 2020 and forecast statistics for the period of 2021 to 2031. To understand the global sodium bicarbonate market potential, its growth, and scope, the market is segmented on the basis of various parameters:
By Grade Type
By End Use
Personal Care Products
Agrochemicals & Nutrients
Leather & Dyeing
South Asia & Pacific
Middle East and Africa (MEA)
Metalworking Fluids Market Size, Share, Demand, Growth & Trends by 2031
The metalworking fluids market is anticipated to poise absolute dollar opportunity in the global market as it totaled revenue of US$ 9.6 Bn in 2021, expanding at a steady CAGR of 3.7%. Demand for removal fluids is projected to rise at 3.5% to the top 1,354,497 Tons in terms of volume, while the forming fluids segment is expected to grow at 2.7% to a total of 772,256 Tons.
From 2016-2020, the demand for metalworking fluids grew at 1.0% CAGR. A damped sales outlook was witnessed during those years due to the ongoing economic slowdown induced by the COVID-19 outbreak.
However, spurring demand for metalworking fluids is projected in the forthcoming years owing to the increasing adoption of lightweight materials in high-performance applications, especially in the automotive industry. Proper lubrication is necessary for the manufacturing of complex geometrics with lightweight metals, which in turn is spurring demand for metalworking fluids.
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Recommencement of production activities across various sectors has resulted in a significant recovery of the global metalworking fluids market. Future Market Insights projects sales of metalworking fluids to grow at a CAGR of 3.7% over the forecast period 2021-2031.
Surging demand for lightweight components in high-performance applications including heavy machinery, automotive industry, transportation equipment, and construction industries will continue to further bolster sales of metalworking fluids in the forthcoming years.
Ongoing development and research activities have led to a surge in innovative manufacturing techniques for the production of complex geometric shapes. These products require more lubrication as compared to the usual ones. Backed by these factors, consumption levels of metalworking fluids are expected to increase at a steady pace over the forecast period.
The adoption of such high-tech and advanced machines that are capable of performing numerous operations at once is estimated to bolster sales of multifunctional lubricants. The key manufacturers are inclining towards the production of more efficient lubricants that can be used in more than one operation is anticipated to spur sales in the metalworking fluids market.
Moreover, increasing awareness regarding sustainability and the hike in using eco-friendly products is creating lucrative growth demand for water-soluble lubricants in the metalworking fluids industry. This trend is expected to continue in the forthcoming years as concerns regarding the adverse effects of synthetic chemicals present in fluids continue to rise.
ExxonMobil Corporation, Idemitsu Kosan, Co., Ltd, Quaker Chemical Corporation, Fuchs Petrolub SE, BP plc., Apar Industries Ltd., TotalEnergies SE, Yushiro Chemical Industry Co. Ltd., Cimcool Industrial, Products LLC, Metalworking Lubricants Company are some of the key companies profiled in the full version of the report.
The global metalworking fluids market is highly competitive, with key players accounting for about 50% of the total market share. Key market participants are targeting high-growth regions like North America for investments owing to high end-use demand and high energy consumption rate. Moreover, key manufacturers are engaging in mergers, acquisitions, and collaborations to expand their global footprint in the market.
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Metalworking Fluids Market by Category
By Product Type:
More Insights into the Metalworking Fluids Market
According to FMI analysis, there were some initial skepticisms concerning how the U.S. market would perform during the ongoing pandemic, but surprisingly the metalworking fluids market in the U.S. grew by 3.0% year-on-year increment till 2021.
Across the North American region, the demand for metalworking fluids is expected to reach 689,102 Tons during the forecast period (2021-2031). The region is anticipated to remain one of the most attractive markets throughout the forecast years, reveals FMI.
Conductive Polymer Coatings Market Size, Share, Demand, Growth & Trends by 2032
The conductive polymer coatings market is projected to grow at an impressive pace with a CAGR of 9.3% during 2022-2032. Widespread use of conductive polymer coatings for corrosion protection and industrial coatings are dominant factors contributing to the market growth.
Increased demand for conductive polymer coatings can be seen in the electrical and electronics industries due to its multipurpose use in computer flat screen displays, personal digital assistants, mobile phones and other screens. These properties are projected to bolster sales in the conductive polymer coatings market.
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Its use as an anti-corrosive agent in the electronic engineering field is an ever-growing revenue channel for the conductive polymer coatings market.
The electrical properties such as high electrical conductivity and customization for organic synthesis methods are some of the properties of conductive polymer coatings that are responsible for driving growth in the market.
The major advantage it offers is processability through dispersions. These coatings are made up of some basic polymers such as polyaniline, polypyrene and polyacetylene.
Due to diverse applications of conductive polymer coatings, it has been preferred by every industry. These properties include sensors, optical & electronic materials, actuators, biosensors, super-capacitors, bio-implants and corrosion protection for electrical energy storage.
The drastic replacement of metal and other conductive compounds with conductive polymer coatings from the electrical & electronics industry is expected to drive the market.
With rising disposable income and modernization, demand for electronics has increased tremendously which in turn is expected to drive market growth for conductive polymer coatings.
Asia Pacific region is projected to lead the global conductive polymer coatings market, accounting for a significant market share.
The Lubrizol Corporation
The Dow Chemical Company
CBI Polymers Inc.
The major international companies in the global conductive polymer coatings market have shifted their manufacturing bases to China for low production costs, and the consumption of these coatings has increased. However, conductive polymer coatings manufacturers are not concentrated in this region.
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More Insights into the Conductive Polymer Coatings Market
The Asia Pacific region is predicted to dominate the global conductive polymer coatings market during the forecast years at an unprecedented rate.
Owing to the rising demand for electronics products and reduced production costs, leading manufacturers are shifting their bases in China accounting for global market share.
In terms of consumption, the North American region gains maximum traction over the projected years. Owing to demand from optical and electrical applications conductive polymer coatings market is expected to show a moderate growth rate.
The European region is anticipated to attract the highest growth rate in comparison to other regions during the forecast years owing to the surging demands for conductive polymer coatings.
Fast-paced research and development activities combined with technological advancements in the field of nano-chemistry and optical chemistry are expected to provide opportunities for the players in this market.
Conductive Polymer Coatings Market Key Segments
Solid State Lighting
By End-use Industry
Automotive & Locomotive Industry
Electrical & Electronics industries
Middle East & Africa
Polyisocyanurate Insulation Market Projected to Reach a Value of US$ 19,030.6 Million by 2028
With changing global scenario in terms of energy saving initiatives, innovations and advancements in in insulation technology, the global Polyisocyanurate Insulation Market is likely to undergo major changes major changes in the coming years. Growing building and construction industry is expected to create positive impact on the growth of polyisocyanurate insulation market.
Future Market Insights (FMI) has estimated Polyisocyanurate Insulation Market to witness a year over year growth of 6.3% in 2022 reaching a value of about US$ 13,295.5 Mn by the end of 2022. The global business is further projected to reach a value of US$ 19,030.6 Mn By the end of the forecast period.
Future Market Insights envisages that the demand for polyisocyanurate insulation is projected to expand at robust CAGR of 6.1% in terms of value during the forecast period, 2022-2028. Moreover, the valuation of polyisocyanurate insulation is forecast to reach US$ 19,030.6 Mn by the end of 2028, as per the report. Growing awareness and importance of energy saving is the key driver, positively impacting the growth of polyisocyanurate insulation market.
Rigid foam/board type insulation is expected to dominate the North America polyisocyanurate insulation market and spray type is likely to gain traction owing to its easy processability and application in wall assemblies. Growth in North America will mostly be driven by innovative product development and adoption of new regulations.
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Diverse Benefits Making Polyisocyanurate Insulation Popular in Commercial and Residential Construction Markets
Application of polyisocyanurate insulation includes cold storage warehouses, private offices, medical buildings, airports and other industries that requires insulation materials.
Consumers are increasingly adopting sources for energy-efficient outcomes and moving towards sustainability, further driving the adoption of polyisocyanurate insulation materials across industry verticals. Considered stable for a wide range of temperature, builders are increasingly using light weighted polyisocyanurate insulation materials for conventional roof and wall assemblies.
Most importantly, sales of polyisocyanurate insulation materials is significantly rising considering key environment friendly aspects such as being CFC, HCFC, HFC free blowing agent along with zero ozone depletion potential.
Polyisocyanurate insulation is used in over 70% of commercial and residential markets for both wall and roof applications. The construction industry is under immense pressure to achieve increasing levels of energy performance and minimize environmental impact associated with increased energy consumption.
Intensifying Demand for Efficient Cold Chain Operations to Fuel Polyisocyanurate Insulation Sales
Close to US$ 750 Bn worth of food being wasted or lost, each year is putting global trade agencies in a tough spot. Since, most of these losses stem from poor supply cold chain networks along with lack of trained personnel involved in storage and transportation, significant demand for refrigerated trucks and carriers with efficient insulation is anticipated to drive the polyisocyanurate insulation adoption.
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Global trade associations and organizations are focusing on developing a robust global cold chain network through improved regulatory framework, encouraging investment in development of efficient cold chain networks, utilizing polyisocyanurate insulation material in the refrigerated freight services market.
Recyclable and in accordance with new insulation standards, polyisocyanurate insulation possesses practically no global warming potential and zero ozone depletion potential, making it a widely used eco-friendly insulation material, with highly attractive growth prospects in the coming years. Moreover, an array of initiatives have been taken up by Governments, in a bid to reduce CO2 emissions.
Growing public awareness apropos of climate change has proliferated the need for renewable energy systems and energy waste reduction initiatives. This increasing public awareness has also resulted in immense opportunities for manufacturers to develop high-performance insulation products. Using polyisocyanurate insulation would contribute directly to the initiatives associated with energy conservation, eventually mitigating the effects of global warming.
Innovative product development to improve efficacy, expansion of production capacity to cater to the growing demand for polyisocyanurate insulation in niche applications, and other feasibility studies coupled with strengthening distribution network to maintain the adequate supply of polyisocyanurate insulation are some key strategies adopted by top players to solidify their positions in the market.
Fire Retardant Coatings Market Analysis by Sales, Demand, Growth, 2032
During the projected period, the fire retardant coatings market is expected to grow at a CAGR of 6%, reaching a market share of US$ 9.17 billion in 2032, up from US$ 4.83 billion in 2021.
There is a substantial demand for fire retardant coatings due to the clear expanding infrastructure of the industrial and commercial sectors, as well as associated electric supplies and operations, such as fireplaces, where the risk of accidents is higher.
Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of combustion process. Additionally, fire retardant coatings required relatively low maintenance cost – this is one of the superior property of fire retardant coatings for gaining acceptance in several end use industries.
Fire retardant coatings have been formulated in numerous types depending upon base composition and substrate type. According to composition, fire retardant coatings are generally boron-based and phosphorus-based fire retardant coatings.
Further, by product type, fire retardant coatings have two types including non-intumescent and intumescent fire retardant coatings. The fire retardant coatings find a wide range of applications in industrial, residential, and commercial sectors.
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Global Fire Retardant Coatings Market: Industry Participants
The global fire retardant coatings market has a number of small as well as international manufacturers at a regional level. Few key players are identified across the value chain of global fire retardant coatings market which has been listed below –
NIPPON PAINT Co. Ltd.S
GCC Applied Technologies
The global Fire retardant coatings research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Fire retardant coatings market also contains projections using a suitable set of assumptions and methodologies. The research report on global Fire retardant coatings market provides analysis and information according to market segments such as geographies, application, and industry.
Global Fire Retardant Coatings Market: Regional Outlook
Geographically, the global fire retardant coatings market can be segmented into seven key regions. Rapid industrialization and modernization will continue to drive market growth in developed economies. The regions like the Asia Pacific, Latin America, and MEA anticipated propelling the demand for fire retardant coatings in near future, due to increasing industrial infrastructure and concern towards the protecting property and safeguards across the regions.
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Key Segments Profiled in the Fire Retardant Coatings Market Survey
By Product Type:
Non-intumescent Fire Retardant Coatings
Intumescent Fire Coatings
Boron-based Fire Retardant Coatings
Phosphorus-based Fire Retardant Coatings
By End Use Industry:
Oil & Gas
Electrical & Electronics
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
to be continued…!
Hydrophobic Coatings Market Size, Share, Demand, Growth & Trends by 2032
The global Hydrophobic Coatings Market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Bn in 2022. The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Bn by the year 2032.
Products that have industrial coatings are better able to withstand water because they prevent water from adhering to their surfaces. Because of population growth and urbanization, construction projects are on the rise across the globe. This is especially true in the rapidly developing economies of Asia.
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The demand for hydrophobic coatings is growing as a result of efforts made by governments of developing countries to stimulate their economies. In December 2021, for instance, researchers at India’s International Advanced Research Centre for Powder Metallurgy & New Materials created super-hydrophobic industrial coatings for stainless steel. Members of the group have investigated the breakthrough with an eye toward implementing it in the maritime, mechanical, electronic component, piping, power, and nuclear sectors.
In addition to rising disposable income and shifting consumer preferences, the expansion of the automotive industry is also anticipated to boost demand for industrial coatings. The top companies in this industry are spending heavily on research and development as well as mergers, acquisitions, and partnerships in order to maintain or expand their dominant hydrophobic coatings market positions. Private and public investment aimed at expanding product use into new areas is expected to strengthen the strategic landscape of the industry.
Since many different types of vehicles, aircraft, and medical gadgets are mass-produced in these regions, North America and Europe together made up more than half of the global hydrophobic coatings market.
In 2022, the automobile industry accounted for over 20% of the product’s entire demand.
Anti-microbial coating is predicted to have the highest growth rate due to its widespread use in the healthcare sector.
Since it is increasingly being used in the production of biocompatible stainless-steel operating and surgical tools, demand for the product is anticipated to increase dramatically in the medical industry.
Some of the most important companies in the hydrophobic coatings market include PPG, 3M, NEI Corporation, Nippon Paint Holdings Co., Ltd., BASF SE, Ant Lab, Surfactis, Aculon, Aakzo Nobel, Abrisa Technologies, Cytonix, NEI Corporation, NeverWet, and Nippon Paint Holdings Co., Ltd. In order to keep their dominant position in the hydrophobic coatings market, the corporations focus primarily on developing new products and enhancing their production capabilities.
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GKN Aerospace’s transparencies centre of excellence in Garden Grove, California, was the location in July 2018 where the company introduced a new hydrophobic coating for cockpit glass. A permanent surface treatment that greatly enhances resistance to surface abrasion also provides the rain-shedding in-flight/ground activity that is provided by the surface.
NEI Corporation launched the UV-Protect (UVP) technology in March of 2018, with the goal of developing upgraded versions of its successful NANOMYTE® coating products. These upgraded versions are intended to deliver distinctive characteristics in coatings that have unrivalled durability. The NANOMYTE® line of surface treatments and protective industrial coatings coatings include characteristics such as hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion. These characteristics can be found in the protective coatings.
Key Segments in the Hydrophobic Coatings Market
Antimony Market Size, Share, Demand, Growth & Trends by 2032
The global antimony market is predicted to reach a value of US$ 2.9 Bn by 2032, with sales growing at an average CAGR of 4% from 2022 to 2032. Valued at US$ 1.7 Bn in 2021, the target market will likely reach an estimated US$ 2 Bn by the end of 2022.
Application in flame retardants and lead acid batteries will fuel the growth of the antimony market during the forecast period. As a chemical element, antimony, can be both metallic and nonmetallic. While the metallic form is a bright silvery material that is brittle, the nonmetallic form of antimony is a grey powder.
Antimony acts as a stable element that is inert to acids and alkalis in a dry environment and expands on cooling. It is an ineffective conductor of electricity and heat. Antimony, as an element, has thus gain widespread application since time immemorial and will likely continue to do so over the next few years which bodes well for the overall market growth.
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Extensive application in production of flame retardants, fire-resistant products, lead acid batteries, and other such products are primary growth drivers of the antimony market. The for antimony is likely to continue to increase in similar industries during the forecast period.
Heightened demand for flame retardants in a variety of end-user industries, including plastic, has been one of the main factors amplifying the demand for antimony. Lead acid batteries are quite popular in automotive and marine applications and these sectors further aid the growth of the target market.
Furthermore, the increasing demand for electric vehicles is projected to induce more demand for the antimony market. Some of the major end-use industries for antimony are consumer goods, like automobiles and textile sectors. Consequently, macroeconomic factors such as GDP growth and purchasing power parity are capable of influencing the demand for the antimony market.
“Extensive application of the material across diverse industries such as automotive and chemical and materials will likely supplement the global growth of the antimony market over the forecast period,” says an FMI analyst.
Lack of raw materials and scarcity of labor may hamper market prospects.
The antimony market in the Asia Pacific region will dominate the global market space.
China’s antimony market accounts for about 80% of the global antimony production.
Rising demand for fire-resistant goods will generate lucrative opportunities in Europe’s antimony market.
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Shanghai Metal Corporation, Beijing North Xinyuan Electrical Carbon Products Co.Ltd and Qingdao Glory International Trading Co., among others are some of the major players in the antimony market profiled in the full version of the report.
Leading market players are focusing on adopting innovative production processes such as antimony production from waste streams. These businesses are keen on expanding their operations to strengthen their revenue prospects.
More Insights into Antimony Market Report
In its latest report, FMI offers an unbiased analysis of the global antimony market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032.
According to the latest FMI reports, based on region, the antimony market in the Asia Pacific region is anticipated to perform well over the projected period. The target market will register several potential growth opportunities, particularly in countries like China. High GDP growth and control over more than 80% of global antimony production renders China a lucrative market for antimony in the Asia Pacific region.
Europe, too, is expected to present substantial growth in the antimony market over the forecast period. Accounting for a considerable portion of the global antimony market revenue in 2020, Europe will likely continue this growth streak over the upcoming years.
Strict government regulations, popularity of antimony’s fire-resistant properties, and escalating demand for safer products and materials for use in different industries will fuel the regional market growth. The increasing demand for safe and fire-resistant goods will augment the antimony market growth in Europe over the forecast period.
Mixed Xylene Market Size, Share, Demand, Growth & Trends by 2028
Mixed xylene sales are expected to reach US$ 197.8 billion in 2022. The global mixed xylene market is expected to grow at a 7.1% CAGR and reach a value of US$ 299.2 billion by the end of 2028. Growing consumption as a solvent continues to primarily drive the revenue growth of mixed xylene market worldwide.
Slated at robust yearly revenue growth in 2022 and ahead, the global mixed xylene landscape is also likely to witness consistently soaring consumption of paraxylene by PET manufacturers. Towards 2022, the global revenue of mixed xylene market is projected to surpass the valuation of US$ 197 billion, forecasts a new research study on the global market for mixed xylene, by Future Market Insights.
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“Fostering PET, polyester fiber, and polyester film manufacturing is constantly creating investment opportunities for mixed xylene manufacturing companies, thereby pushing the revenue growth of mixed xylene landscape,” says a senior market research analyst at the company.
Chemicals, Petrochemicals, & Paints Record Notable Mixed Xylene Consumption
Extensively used as a thinner, especially by inks and paints manufacturers, mixed xylene finds wide applicability across the chemicals industry as a base material for manufacturing.
Mixed xylene is also widely consumed for elevating the octane rating of gasoline and other fuels with an objective to improve fuel and engine performance.
Owing to voluminous paraxylene consumption, the chemicals industry remains a prime consumer of mixed xylene market over the coming years, according to the report.
Other prominent end-use industries registering sizeable mixed xylene consumption include gasoline, paints & coatings, pesticides, rubber, leather, and printing.
The report covers a range of end-use industries and sectors recording variable mixed xylene consumption patterns as per the applications associated with them.
Consumption of mixed xylene as a raw material contributes the maximum revenue share compared to all other application areas.
The analysis of mixed xylene landscape based on grade reveals that the isomer-grade variant continues to dominate in terms of both revenue and consumption volume, accounting for over 80% value share in mixed xylene market. However, yearly revenue growth of solvent grade mixed xylene is projected to observe a decline post 2020, according to the report.
The FMI analyst says, “Following China, the report also positions Asia Pacific (excluding Japan) as a highly lucrative regional territory, creating attractive untapped applications areas for manufacturers”.
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Key Companies Profiled
Some of the prominent players profiled in the report include Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporation, GS Caltex Corporation, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc, YPF Sociedad Anónima, Flint Hills Resources, LLC, and SK Global Chemical Co., Ltd.
Production Expansion Rules Strategic Minds of Manufacturers
In the report, FMI covers extensive strategic profiles of some of the key manufacturers active in the mixed xylene landscape, which points to strategic M&A and collaborations governing the competitive nature of mixed xylene marketplace.
In a moderately fragmented global landscape of mixed xylene market, the leading 12 players collectively cover 20-25% share of the total revenue. This highlights that each one of them holds a single digit market value share at present.
Manufacturing capacity expansion is currently the primary strategy of key companies in global mixed xylene space. As of the past year, the Asia Pacific mixed xylene market has witnessed notable production capacity expansion efforts by prominent market players. Companies in addition to expanding existing manufacturing plants are emphasizing new plant start-ups, pushing the prospects of mixed xylene market.
Tonen General recently commenced the commercial sale of isomer-grade mixed xylene at the company’s Ichihara-based recovery unit in Japan.
Showa Shell also launched a high-capacity TDP unit for an isomer-grade xylene template.
CNOOC Huayue also announced the launch of their new high capacity aromatics unit for mixed xylene production.
Hyundai Oilbank and Lotte Chemical Corp jointly formed a new isomer-grade xylene facility of 1m tonne/year capacity.
Fiberglass Market Size, Share, Demand, Growth & Trends by 2028
According to the global fiberglass market report, the rovings segment by product type is expected to dominate the overall market accounting for over 57% revenue share by 2028-end. The fiberglass (glass fiber) market is expected to register a CAGR of 4.3 % during the forecast period (2022 – 2028). The global fiberglass (glass fiber) market is expected to expand at a CAGR of 4.3 %, accounting for US$ 13.1 Bn by the end of 2028.
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Global Fiberglass (Glass Fiber) Market Dynamics
With the growing need for developing walls, doors, windows, and roofs, demand for fiberglass is likely to remain high in the construction industry. Glass fiber is also used as a composite in the construction industry. Manufacturers are utilizing GFRC (glass fiber reinforced concrete), which contains hydrated cement, glass fibers and sand for diverse construction purposes. Incorporation of the fiberglass enables manufacturers to integrate robust features such as anti-corrosiveness, high compressive strength, tensile strength and lightweight. In addition, manufacturers prefer utilizing fiberglass pertaining to the low maintenance cost and erosion. On the account of these factors, growth of the global market is expected to remain positive over the coming years.
Further, growing number of construction projects in various developing countries such as India, Brazil, and China have led manufacturers to invest in fiberglass as an effective insulation component. As fiberglass continues to remain a cheaper alternative for insulation in the construction industry, the global fiberglass (glass fiber) market is likely to witness a significant growth during the forecast period
However, increasing instances of health hazards such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs among workers and constructors due to fiberglass have posed challenges to the market growth. As the small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, risks related to adverse health effects continue to persist. Due to the adverse health effects of fiberglass, manufacturers are looking out for cheaper and safe alternatives. Based on these factors, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period
Major players identified in the fiberglass (glass fiber) market are focusing on increasing their production capacities and acquisition to enhance their operational efficiency, and product portfolio. Also, strategic collaboration and joint venture witnessed among leading market players are likely to improve sales and distribution network. Due to these factors, growth of the global market is expected to gain speedy momentum during the forecast period.
Global Fiberglass (Glass Fiber) Market Competitive Landscape
Some of the players identified in the global fiberglass (glass fiber) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass M.E., W.L.L., Chongqing Polycomp International Corp, and Jushi Group Co., Ltd. among others. Over the recent past, the industry players have focused on acquisitions and increasing their production capacities to meet the growing demand from various end-user industries.
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Key Segments of Fiberglass Industry Survey
Fiberglass Market by Product Type:
Fiberglass Market by Glass Type:
Fiberglass Market by Application:
Aerospace & Defense
Sports & Leisure
Pipes & Tanks
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Fiberglass Market Background
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Porter’s Analysis
4. Global Fiberglass Market Analysis 2013–2021 and Opportunity Assessment 2022–2028
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.4. Global Glass Type, Product Type matrix, 2021
4.5. Global Glass Type, Application matrix, 2021
5. Global Fiberglass Market Analysis 2013–2021 and Opportunity Assessment 2022–2028, Product Type
Chlorine Market Size, Share, Demand, Growth & Trends by 2032
The global chlorine market is worth US$ 14.36 Billion as of now and expected to reach US$ 21.86 Billion by the year 2032 at a CAGR of 4.3% between 2022 and 2032.
The end-uses of chlorine and its derivatives include paints & coatings, adhesives, food processing, plastic, cosmetics, pharmaceuticals, water treatment, and likewise.
Chlorine acts as a raw material to produce a series of chemicals. For instance – it is vital regarding production of PVC (Polyvinyl Chloride). The applications of PVC include automotive, construction, composite manufacturing.
At the same time, it needs to be noted that handling as well as transporting chlorine comes with risks, as chlorine falls in the category of toxicological and inflammable substances. It also ends up enhancing the other materials’ combustion rate. Regulatory bodies like the US FDA, EPA, WHO, IARC, and likewise are imposing stern restrictions in the interest of safeguarding the environment.
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Additionally, production of chlorine is energy-intensive, which adds to overheads. In the last few years, countries like China have over-produced chlorine. As such, the prices have come down drastically. This could be problematic to the manufacturers regarding the way they cover the overall costs. The demand won’t cease, as market is witnessing a shift to membrane technology from mercury cell technology.
Regions like India, Austria, Brazil, the UK, Sweden, the US, France, and Spain are heavily investing in the building & construction sector. This asks for an exorbitant demand for PVC. Thus, the chlorine market, in spite of the over-reactive nature of chlorine, is expected to go great guns going forward. Future Market Insights has highlighted these findings with future perspectives in its latest market study entitled ‘Chlorine Market’. It has its indigenous team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With agrochemical and pharmaceutical verticals witnessing an upsurge in EDC (ethylene dichloride) and PVC (polyvinyl chloride), the chlorine market is expected to grow remarkably in the near future”, says an analyst from Future Market Insights.
Key Takeaways from Chlorine Market
· North America holds close to 18% of the market share. This could be attributed to the US housing several primary manufacturers. Also, chlorine, along with its derivatives, are widely sold for producing prescription chemicals sold al across Canada and the US.
· Europe is expected to show steadiness in the chlorine market in the forecast period, especially amidst the economic slowdown faced by the UK.
· The Asia-Pacific is expected to witness a marked growth in chlorine market in the forecast period due to growing demand for caustic soda (which is by-product of chlorine production).
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· INOVYN, in January 2021, got selected by Koyuncu Group for supplying chlor-alkali technology at novel manufacturing facility in Konya, Turkey. BICHLOR bipolar electrolyzers would be provided by INOVYN for new facility for producing hydrochloric acid, chlorine, and sodium hypochlorite. Production began at the start of 2022 and claims to have manufacturing capacity of 50K tons every year.
· Potasse et Produits Chimiques SAS, in July 2019, did join Vynova Group. Site based out of Thann (France) has been rechristened to ‘Vynova PPC SAS’ and included under Vynova umbrella. It contains a membrane electrolysis plant and manufactures liquid potassium hydroxide (KOH) and chlorine.
· NX Filtration does develop hollow fiber modules and membranes for ultrafiltration and nanofiltration. The ultrafiltration membrane’s ‘Ultra’ range is based on modified PES (polyethersulfone) chemistry retaining yeast, microorganisms, and floating particles at the time of facilitating salts, proteins, and petite organic molecules. The membranes are known for having superlative tolerance to chlorine, with higher pH.
Unleashing the Macros of Chlorine Market
· The research study is based on application (isocyanates and oxygenates, EDC/PVC, inorganic chemicals, chloromethanes, solvents and electrolysis, pharmaceuticals, and electronics), and by end-use (pulp and paper, water treatment, chemicals, plastics, pesticide, and durable pipes).
· Growing demand for various chemical intermediates like acid chlorides, hydrochloric acid, metal chlorides, hypochloric acid, chloroform, and the other chlorine derivatives would certainly keep the cash registers ringing for chlorine market.