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Bio Based Succinic Acid Market Analysis: Demand, Segments, and Industry Analysis by 2027

The global bio-based succinic acid market is expected to register a CAGR of 19.6% during the forecast period, 2018–2023

The global bio-based succinic acid market has been segmented on the basis of processed type, application, end-use industry, and region.

Based on processed type, the global bio-based succinic acid has been divided into ammonium sulphate process, direct crystallization process, and electrodialysis process. The ammonium sulphate segment held the largest share of the global bio-based succinic acid market in 2018. The easy availability of ammonium sulphate is expected to be the prime reason for the growth of the segment. The segment is expected to continue the trend during the forecast period.

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By application, the global bio-based succinic acid market has been classified into 1, 4 butanediol, polybutylene succinate, plasticizers, polyester polyols, polymers & esters, solvents & coatings, and others. The 1,4 butanediol segment accounted for the largest share of the global bio-succinic acid market in 2018. It is used as an industrial chemical and as a solvent starting material for many important industrial chemicals, such as γ-butyrolactone (GBL), tetrahydrofuran (THF), 2-pyrrolidone (2-P), and N-methyl-2-pyrrolidone (NMP). The growing chemical industry is expected to boost the growth of 1,4 butanediol segment, and it is expected to continue its dominance during the forecast period.

On the basis of end-use industry, the global bio-based succinic acid has been segmented into chemical, food & beverage, pharmaceutical, personal care, and agriculture. The chemical segment held the largest share in 2018, due to the rapid growth of the chemical industry and extensive use of bio-succinic acid in the industry for producing chemicals.

Regional Analysis:

The global bio-based succinic acid market has been analyzed across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is projected to witness remarkable growth during the forecast period, owing to the increasing use of the product in the automotive, personal care, and pharmaceutical industries. The Asia-Pacific market is expected to witness healthy growth during the review period, owing to the growth of the chemical and pharmaceutical industries. The European market for bio-based succinic acid is expected to grow at a significant rate due to the growing use of the product in different applications, especially in the healthcare industry. The Latin American and the Middle East & African markets for bio-based succinic acid are projected to witness moderate and sluggish growth, respectively, during the review period.

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Market players:

Some of the major players operating in the global bio-based succinic acid market are BioAmber Inc (US), DSM (The Netherlands), Mitsui & Co., Ltd (Japan), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Roquette Frères (France), Corbion (Netherlands), and Reverdia (The Netherlands).

Nanomaterials Market Share: Trends, Size, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027

Nanomaterials are the nanosized materials; their thickness range less than 100 nm. The thickness range of these materials also known as the quantum regime is the key factor in defining the properties of the nanomaterials. They exhibit excellent properties including high strength, hardness, elasticity, electric conductivity, antimicrobial and self-cleaning properties, scratch-resistance, and chemical resistance, making them applicable in a wide range of applications. The growing demand for nanomaterials in the electronics and healthcare industries and increasing R&D and investments related to the new materials are factors likely to propel the growth of the global market in the years to follow.

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Market Segmentation

The global nanomaterials market has been segregated on the basis of material type, application, and region.

By material type, the global nanomaterials market has been divided into metal and non-metal oxides, carbon-based, chemicals & polymers, nano-ceramics, metals, dendrimers, and others. The metal and non-metal oxides segment accounted for the largest market share in 2018 and is expected to be the leading material type segment during the forecast period. The increasing demand for nano-oxides (silica, alumina), copper nanoparticles, silver nanowires, and nano-sized rhodium and palladium in the automotive and electronics industries is expected to be the key factor driving the growth of the segment during the review period. However, the carbon-based nanomaterials segment is projected to register the highest CAGR during the forecast period, 2019–2024.

On the basis of application, the global nanomaterials market has been categorized into transportation, electrical & electronics, healthcare, construction, packaging, consumer goods, energy, and others. The transportation segment is expected to be the leading application segment during the forecast period owing to the widespread use of nanomaterials in the automotive and aerospace industries. Nanostructured metals and polymer nano-composites are widely used in these industries owing to the various advantages offered by these materials, such as superb weight-to-strength ratio, enhanced resilience to vibration and fire, lightweight, reduced wear and corrosion resistance, UV resistance, and reduction in friction and emissions by the engine.

Regional Analysis

Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the five key regions studied for the global nanomaterials market. The market in North America is projected to be the leading regional market during the forecast period owing to the widespread use of nanomaterials in the healthcare and automotive industries and strong support from the government and private sectors for the development of new and innovative applications of nanomaterials.

Asia-Pacific is projected to be the fastest growing regional market during the forecast period on account of the expanding automotive and medical industries in the region. Also, the use of nanomaterials in the electronics industry is increasing at a robust rate, which is likely to propel regional market growth.

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Competitive Analysis

The prominent players in the global nanomaterials market are BASF SE (Germany), Arkema Group (France), Evonik Industries AG (Germany), Hongwu International Group Ltd (China), SHOWA DENKO K.K (Japan), NANOCHEMAZONE (Canada), Strem Chemicals, Inc (US), Canum Nanomaterials Inc. (Canada), Promethean Particles Ltd (UK), and NanoMaterials Technology Pte Ltd (Singapore).

Methane Market Segment: Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027

Market Segmentation

The global high-density polyethylene (HDPE) market has been segmented by product type, end-use industry, and region.

Based on product type, the market has been segmented into blow molded HDPE, injection molded HDPE, HDPE pipes, HDPE sheets, HDPE films, and colored HDPE and others.  Blow molded HDPE segment accounted for the largest share of the global HDPE market in 2017 and is expected to register a healthy CAGR during the review period. This market growth can be attributed to the increasing use in packaging applications due to their superior properties such as flexibility, transparency, and high chemical resistance among others. HDPE films segment is expected to be the fastest growing segment of the global HDPE market on account of increasing use in packaging applications.

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Based on end-use industry, the market has been segregated into packaging, automotive and transportation, building and construction, electrical and electronics, healthcare, industrial machinery, consumer goods and others. Packaging accounted for the largest share of the global HDPE market in 2017. The growth of the segment can be attributed to the widespread use of packaging in the food & beverage, healthcare, cosmetics & personal care, home care, and e-commerce industries. Automotive and building & construction is expected to register substantial growth rates during the forecast period with increasing adoption of lightweight material in the latter industries.

Regional Analysis

Based on region, the HDPE market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest share of the HDPE market on account of the growing end-use industries in the region, especially the packaging, construction, automotive and electrical & electronics. Furthermore, a fast growing FMCG market in the region with the increasing disposable income of the consumers is expected to drive the demand.

North America & Europe are prominent markets for HDPE due to the increasing demand for automotive plastics. Also, a reviving construction industry in the US is expected to drive the demand.

The markets in Latin America and the Middle East & Africa are likely to register fastest growth rates during the review period as a result of the growing end-use industries coupled with expanding construction and packaging industries in the regions.

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Competitive Analysis

Some of the key players in the global HDPE market are Reliance Industries Limited. (India), Exxon Mobil Corporation (US), DowDuPont (US), LyondellBasell Industries Holdings B.V. (The Netherlands), INEOS Group Holdings SA (UK), SABIC (Saudi Arabia), Petronas Chemicals Group Berhad (Malaysia), China Petrochemical Corporation (China), Mitsui Chemicals Inc. (Japan), and Chevron Phillips Chemical Company (US)

Industrial Salts Market Trends: Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027

The global industrial salts market has been segmented by source, manufacturing process, application, and region.

By source, the global industrial salts market has been divided into natural brine and rock salt. The natural brine as a source is leading the market owing to the high concentration of salt present in it. Natural brines contain other substances such as magnesium chloride, magnesium sulfate, calcium sulfate, potassium chloride, magnesium bromide, and calcium carbonate dissolved along with salt. These substances may be as commercially valuable as the salt itself. The benefit of extracting salt from natural brine is that the manufacturer can also engage in the trading of these impurities and gain profits. Other advantage of using brine as a source is that they can be artificially produced by dissolving mined rock salt or by pumping water into wells drilled into rock salt. On the other hand, rock salt is crystallized salt and may be pure or may contain various amounts of these substances along with rocky impurities such as shale and quartz.

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Based on manufacturing process, the market has been segmented into conventional mining, solar evaporation, and vacuum pan evaporation. Among these, the vacuum pan evaporation dominated the global market in 2017. This process involves evaporation of salt brine by steam heat in large commercial evaporators, called vacuum pans. This method yields a very high purity salt, fine in texture, and principally used in those applications requiring the highest quality salt.

On the basis of the application, the market has been segmented into chemical processing, de-icing, water softening, drilling fluids, dye enhancer, filler, saline solutions, and others. Among these applications, the chemical processing accounted for the largest market share in 2017 owing to the use of industrial salt as major raw material for production of liquid sodium, metallic sodium, chlorine, caustic soda, sodium sulfate, sodium carbonate, hydrochloric acid, sodium bicarbonate, and sodium nitrate.

Regional Analysis

Regionally, the global market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominated the global industrial salts market in 2017 due to the high demand from chemical, textile, oil & gas, and pharmaceuticals industries, where industrial salt is used as chemical intermediate, dye enhancer, in drilling fluid, and in saline solutions. The rapid industrialization and urbanization in the region are the primary factor affecting the growth of the industrial salts market.

The demand from the de-icing and chemical processing applications in the North America and Europe is the driving factor of the regional market.

Latin America is expected to showcase significant growth owing to the presence of large number of natural deposits and high production capacities coupled with high exports.

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Competitive Analysis

Some of the manufacturers operating in the global industrial salts market are Cargill, Incorporated (US), K+S AKTIENGESELLSCHAFT (Germany), Compass Minerals (US), Tata Chemicals Ltd. (India), MITSUI & CO., LTD. (Japan), INEOS (UK), Groupe Salins (France), Dominion Salt (New Zealand), Exportadora de Sal (Mexico), and The Bhavnagar Salt & Industrial Works (India).

Calcite Market Size: Industry Analysis, Segments and Demand by 2027

Calcite is a natural mineral, extracted from mining in a rock form and processed into powder, granules, and slurry for end-use applications. The abundant use of calcite in construction industry for cement, paints & coatings, adhesive and sealants, and others in form of marbles and limestone increases the demand for next five years. Pharmaceutical also found to have sustainable demand of calcite due to acid-neutralizing ability in preparation of medicines.

Market Segmentation

The global calcite market has been segmented on the basis of type, form, application, and region.

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By Type, the global calcite market has been divided into Precipitated Calcium Carbonate (PCC) and Ground Calcium Carbonate (GCC). The PCC segment is expected to be the leading type of the market owing to high–purity and cost–effective mineral used as a functional additive in end–use applications.

Based on Form, the global calcite market has been categorized as powder, granules, and slurry among others. Powder is the fastest growing form of calcite used as a calcium supplement for animal feeding application.

On the basis of application, the global calcite market has been categorized as animal feeds, adhesives and sealants, glass and ceramics, cement, plastics and rubber, paints & coatings, pulp and paper, pharmaceutical, agriculture, and others. Paper and pulp application accounted for the largest market demand due to cost-effective quality paper production and delivering high optical and printable properties. However, the use of calcite for cementing application has also a sustainable development and expected to increase the demand during a forecast period.

Regional Analysis

Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five key regions studied for the global calcite market. Asia-Pacific accounted for the largest market share of the global calcite market, since last year. China accounts for the major consumer of calcite, for infrastructural development and plastics production.  

North America and Europe are the other significant regional markets for calcite. Huge investment on R&D and developing new source of mixtures in construction sector expected to fuel the market demand during the assessment period.

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Competitive Analysis

Some of the prominent  players in the global calcite market are Imerys (France), Huber Engineered Materials (US), Minerals Technologies Inc. (US), Omya AG (Switzerland), ASCOM Group (Switzerland), Nordkalk Corporation (Finland), Esen Mikronize Maden (İSTANBUL), CITIC Calcium Industry Co., Ltd. (China), Columbia River Carbonates (US), Jay Minerals (India), GP Group (Thailand), Longcliffe (UK), Fitz Chem LLC (US), and NITTO FUNKA KOGYO K.K. (Japan) among others are some of the key players in the global calcite market.

Pulp & Paper Chemicals Market Research: Growth, Size, Trends, Demand, Key Player profile and Regional Outlook by 2027

Market Segmentation

The global pulp & paper chemicals market has been segmented by type, application, and region. On the basis of type, the market has been segmented into specialty additives, pulping chemicals, bleaching & deinking chemicals, fillers & coatings, polymers and others. Specialty additives segment accounted for the largest market share in the global pulp & paper chemicals market in 2017 and is expected to register a highest CAGR during the review period. Though, the market value share of special additives will be on top, in terms of volume the market share of specialty additives will be on the lower end due to the high pricing of the specialty additives. The specialty additives help in improving the properties of recycled and raw paper such as strength, gloss, brightness and opacity and other properties whilst maintaining the operational efficiency of the equipment used in the paper and pulp industry. With the developed economies emphasizing more on use of recycled paper, it is essential to retain the strength of fibers, glossiness, and brightness of paper which can be achieved using the specialty additives.

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Based on applications, the market has been segmented into pulp, paperboard and tissue, printing & writing, and general purpose. Paper board & tissue segment accounted for the largest market share in the global market owing to the increasing demand for lightweight packaging materials among the various end-use industries such as FMCG, pharmaceuticals, and food & beverages. With the increasing scrutiny on non-biodegradable packaging materials, the end-use industries are focusing on bio based and biodegradable packaging materials which is expected to drive the demand for pulp and paper treatment chemicals. The pulp segment is expected to trail paperboard and tissue application during the forecast period.

Regional Analysis

Based on region, the global pulp & paper chemicals market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific was the largest in 2017 due to a flourishing packaging industry and presence of large number of end-use industries in developing nations such as India and China. The growth of print media, especially, in India is expected to further drive the demand for pulp and paper processing chemicals in the region. In addition, the flourishing e-commerce in the Asia-Pacific market is expected to further augment the demand during the forecast period.

North America is the second-largest market for pulp & paper chemicals owing to the increasing demand paperboard in packaging applications. The European market for pulp & paper chemicals is expected to grow as a result of rising demand from the Eastern European countries and increasing use of recycled paper. The market in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to expanding paper industry in the regions.

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Competitive Analysis

Some of the key players in the global pulp & paper chemicals are BASF SE (Germany), Kemira (Finland), Ashland (US), Clariant (Switzerland), Ecolab (US), Arakawa Chemical Industries, Ltd (Japan), Harima Chemicals Group, Inc. (Japan), Applied Chemicals International Group (Switzerland), Solenis (US), and SEIKO PMC CORPORATION (Japan)

Silicone Rubber Market Analysis: Demand, Size, Growth, Trends, Key Player profile and Regional Outlook by 2027

Silicone rubber is an elastomer containing silicone polymer, carbon, hydrogen, oxygen, and fillers for property modification. It is an inert, stable, highly rubber, which exhibit various substantial physical properties such as high withstand ability for a wider range of temperature (75°F to 500°F), high wear and tear strength, great elongation, high flexibility and a durometer range of 5 to 80 Shore A.

Based on type, the global silicone rubber market has been segmented into liquid silicone rubber, high consistency rubber, and fluorosilicone rubber, and others. Among these types, liquid silicone rubber accounted for the largest market share in 2017. The primary factors responsible for this high market share are the substantial physical properties of this type of silicone rubber. It includes high biocompatibility, excellent ability to be sterilized by various methods, high elongation, greater clarity, softness, and elongation, and longevity. The high consistency rubber is another substantial type of silicone rubber which is anticipated to witness healthy growth during the forecast period owing to surging demand for the product in healthcare and automotive sectors.

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By application, the global silicone rubber market has been categorized into automotive, medical, construction, electronics, footwear, consumer goods, sportswear, and others. The automotive sector held the major market share in 2017 owing growing demand for the product in various automotive applications such as o-rings gaskets, seals, hoses, sealants, and other rubber parts. Additionally the technological advancements in the healthcare sector and the widespread application of the silicone rubber in the drug delivery and catheter can be the key factors fueling the demand of silicone rubber in the healthcare applications.

Competitive Analysis:

The leading players in the global silicone rubber market are CHT Group (Germany), KCC CORPORATION (South Korea), Elkem Silicones (Norway), MESGO S.p.A. (Italy), Momentive (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. (Japan), Reiss Manufacturing, Inc. (US), SIMTEC Silicone Parts (US), Shenzhen Inno Silica Co., Ltd. (China).

Market Segmentation:

The global silicone rubber market has been segregated on the basis of type, application, and region.

By type, the global silicone rubber market has been segregated into liquid silicone rubber, high consistency rubber, and fluorosilicone rubber, and others.

Based on application, the market is categorized into automotive, medical, construction, electronics, footwear, consumer goods, sportswear, and others.

The global silicone rubber market has been studied across the five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Regional Analysis:

The global silicone rubber market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at the highest CAGR owing to the rising product demand in the automotive, healthcare, footwear, and electronics industries. In addition, the silicone rubbers are widely used in rapidly growing construction activities in this region. This is expected to fuel the market growth in the region during the review period.

North America is expected to witness significant growth during the forest period. This is mainly due to the advancements in the electronics and semiconductor industry along with the growing reconstruction activities in this region to meet the sustainability demands

3D Printing Gases Market Share: Regional Outlook, Size, Growth, Trends, Demand, Industry Analysis, and Key Player profile by 2027

Building components in a controlled environment and minimizing the entry of any impurities into the materials is one of the major challenges faced during 3D metal printing. Gases such as argon and nitrogen help to create an environment which allows manufacturing of these parts of exact standards required for use in the automotive and aerospace industries. in addition, these gases prevent part deformations by controlling thermal stress through gradual cooling and improve safety through the inerting of combustible dust during powder handling and sieving.

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Market Segmentation

The global 3D printing gases market has been segregated on the basis of gas, technology, function, end-user, and region.

By gas, the global 3D printing gases market is divided into argon, nitrogen, and gas mixtures. The argon segment held the largest market share in 2017 and is expected to be dominant during the forecast period. During 3D metal printing process, argon gas is used as a shielding gas to remove reactive gases surrounding the melt pool to avoid reaction with atmospheric gases like oxygen which may cause damage to the fabricated part. However, the gas mixtures segment is expected to be fastest growing segment in the coming years. This can be attributed to rising need for obtaining the combined shielding and cooling effect by use of the gas mixtures during the process.

On the basis of technology, the global 3D printing gases market is categorized as stereolithography, laser sintering, poly-jet, material jetting, electron beam melting, and others. The laser sintering segment is expected to be the dominant technology segment during the assessment period. This can be mainly attributed to growing use of this technology in 3D plastic and metal printing for manufacture of functional prototypes, automotive die-casting parts, sheet metal forming, and motor housing. Increasing demand for the technology in the automotive and healthcare industries is expected to boost demand for 3D printing gases in the years to follow.

Based on function, the global 3D printing gases market has been segmented as insulation, cooling, and illumination. The insulation segment accounted for the largest market share in 2017 and is projected to be the leading segment during the forecast period.

On the basis of end-user, the global 3D printing gases market has been divided into automotive, aerospace & defense, consumer products, healthcare, and others. In 2017, the aerospace & defense segment held the largest share of this market. 3D printing has predominantly been used as a prototyping solution rather than the manufacturing of end parts. Growing use of 3D printing gases in the fabrication of highly complex and lightweight structures with high stability.  

Regional Analysis

The global 3D printing gases market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is the hub to the major 3D printing gases producers and also is the leading consumer of these gases. The market in Asia-Pacific is expected to grow at a high CAGR owing to the rising product demand in the automotive and healthcare industries. The automotive industry in the region is growing at a significant rate which is expected to fuel demand for the product and favor growth of the regional market.

The regional market in Europe is projected to account for the largest share of the market owing to the technological development in the field of AM and its increasing use in the medical and aerospace industries.

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Competitive Analysis

The leading players in the global 3D printing gases market are Air Products and Chemicals Inc (US), The Linde Group (Germany), Praxair Inc (US), Air Liquide (France), BASF SE (Germany), Universal Industrial Gases Inc (US), Messer Group (Germany), and Matheson Tri-Gas Inc (US).

Blowing Agents Market Report: Key Player profile, Size, Share, Trends, Demand and Regional Outlook by 2027

Blowing agents are available in two types namely exothermic and endothermic. The blowing agents decompose and generate environmentally neutral gases when heated. The endothermic type blowing agents are used because they carry out gas production until heat input is provided. This makes endothermic blowing agents easy to manage during processing. Moreover, the endothermic blowing agents absorb heat energy from their surroundings. This ideally reduces the mould cooling times and the ability to reduce mould cycle times in injection moulding. Thus, the endothermic blowing agents is dominating the market.

Hydrochlorofluorocarbons, hydrocarbons, hydrofluorocarbons, and hydrofluoroolefins are some of the blowing agents’ product. The hydrocarbons segment is likely to dominate the global market owing to their ease of application, good efficiency, and negligible global warming potential. Moreover, they possess good material compatibility and solubility with lubricants as compared to the CFCs or HFCs.

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The application segment includes rigid polyurethane, flexible polyurethane, integral skin polyurethane, polystyrene, polyolefin, phenolic, and others. The rigid and flexible polyurethane together dominate the global market due to their high demand from various end-use industries such as appliances, automotive, building & construction, electronics, flooring, marine, furnishing, and others. The rigid polyurethane is used for insulation in refrigerators & freezers, roofing & walls, and for sandwich panels. It is also used in boat manufacturing for both structural and flotation purposes. The flexible polyurethane is used for foam furniture, bedding, chair cushions, and shoe soles. Extruded sheets of polystyrene are highly consumed for packaging foam, which may offer substantial opportunities for the product in the coming years.

Regional Analysis

The global blowing agents market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global blowing agents market in 2016 on account of the high demand from the automotive and building & construction industry in the region.

Europe was the second leading market in 2016 due to the high production and sales of the automotive parts in countries such as Germany, Italy, U.K, France, and others.

The high demand from automotive and aerospace industry is expected to drive the blowing agents market in the North American region. Furthermore, the rebound in construction activities in the region is likely to fuel the market growth during the forecast period 2018-2023.

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Competitive Analysis

Some of the manufacturers operating in the global blowing agents market are Solvay (Belgium), The Dow Chemical Company (U.S.), INEOS Group (Switzerland), DAIKIN INDUSTRIES, LTD. (Japan), Arkema (France), BASF SE (Germany), SINOCHEM GROUP (China), ZEON CORPORATION (Japan), Harp International Ltd. (U.K), Honeywell International Inc. (U.S.), Exxon Mobil Corporation (U.S.), AkzoNobel N.V. (Netherlands), and The Chemours Company (U.S.)

Fluorspar Market Growth: Regional Outlook, Demand, Segments, Research Report, Key Player profile by 2027

On the basis of the form, the global fluorspar market is segmented into a dry powder, lump, filter cake, and others. Dry powder accounted for the major share of the global market in 2017 owing to considerable utilization of high purity acid spar, which is available in powder form for chemical manufacturing as well as metallurgical applications in developed regions such as North America and Europe and is expected to show steady growth over the forecast period.

On the basis of the purity, the global fluorspar market is segmented into acid spar, ceramic spar, met spar, and others. Acid spar is sub-segmented based on application into hydrofluoric acid (HF), aluminum fluoride, synthetic cryolite, welding rods, and others. Hydrofluoric acid is further segmented based on application into fluorocarbons (refrigerant, foam blowing agent), petroleum alkylation, toothpaste, the etchant  for semiconductors, steel pickling process, Li-ion batteries, and others. Ceramic spar is sub-segmented based on application into glass, ceramics, enamelware, and others. Met spar is sub-segmented based on application into metal (steel, iron, and others), cement, fluorite carved craftworks, and others. Acid spar accounted to have the major market share in 2017 and is expected to continue strong growth over the forecast period. High consumption of HF for a wide range of applications as well as the preference of acid spar over met spar in developed regions even for metallurgical applications are the factors contributing to the growth of the acid spar market.

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On the basis of the end-user industry, the global fluorspar market is segmented into metallurgy, chemical, ceramic, optical, electrical & electronics, personal care, lapidary, and others. Metallurgy industry accounted to have the major market share in 2017 due to growing infrastructural activities and automotive & transportation industry across the globe.

Regional Analysis

The global fluorspar market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to be leading the global fluorspar market in terms of both production and consumption over the forecast period. North America and Europe are following Asia Pacific in terms of market size. The Middle East & Africa is expected to show rising demand over the forecast period. Latin America market is export-oriented on account of its poor economy.

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Competitive Analysis

Some of the key players in the global fluorspar market are Tertiary Minerals Plc (UK), Mexichem S.A.B. de C.V (Mexico), Masan Group (Vietnam), ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China), Centralfluor Industries Group, Inc. (China), Kenya Fluorspar Company Ltd. (Kenya), MINERSA GROUP (Spain), Seaforth Mineral & Ore Co., Inc (U.S.), British Fluorspar Ltd (UK), China Kings Resources Group Co., Ltd. (China), and Mongolrostsvetmet LLC (Mongolia).