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Plating On Plastics Market Analysis: Share, Growth and Demand, Trends, Segments by 2027

Plating on Plastics Market is expected to register a CAGR of 4.8% and reach USD 654.79 Million during the forecast period.

Plating on plastics is a process that enhances the functional properties of plastic. Acrylonitrile-butadiene-styrene (ABS) is majorly used for metal plating owing to its superior processing ability, dimensional stability, toughness, affordability, durability, and chemical resistance. Plating on plastics is ideal for use in the automotive and electronics industries.

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Regulation

Stringent Environment Protection Agency (EPA) regulations on chrome finishing auto parts and electronics products have redistricted the global market growth. Chromium is listed as a carcinogen element that is hazardous for human health and the environment. It is considered a harmful compound among the 189 hazardous air pollutants (HAPs) and listed under section 112 of the EPA Act. Hence, chrome electroplated materials are recognized as important emitters of chromium compound to the atmosphere.

Segmentation

By Plating 

  • Copper, nickel, and chromium are significantly used for plating different plastics. Copper and nickel plating is used to add corrosion resistance property and increase the strength of the plastic component. Chromium plastic coatings help to increase surface hardness and enhance their appearance.
  • The global production of refined nickel in 2017 surpassed 2 million tons, the nickel market is growing at a CAGR of 4.2%. The copper oxide estimated production volume in 2019 is 575,000 metric tons.

By Plastics 

  • Polypropylene and polyurethane are known as high-performance automotive plastics. Polypropylene is used in a wide range of applications including automobile chemical tanks, bumpers, gas cans, cable insulation, and carpet fibers. Polyurethane has exceptional properties such as flexibility, toughness, and resistance to temperature. It is used in flexible foam seating, elastomeric wheels, foam insulation panels, and tires and automobile cushions.
  • Around 80% of plastics used for metal plating are acrylonitrile-butadiene-styrene (ABS) owing to its thermal and chemical stability, high strength and toughness.

By Application 

  • The sales of automobiles declined in 2018 reaching 95,055,937 from 95,660,606 in 2017, due to the increasing demand for used vehicles in Europe and the US. The aftermarket demand for interior and exterior automobile parts such as bumpers, grilles, and wheel rims are projected to drive the growth of the global plating on plastics market during the forecast period.
  • The increasing demand for electronic products is estimated to drive the demand for plating on plastics during the review period. Asia-Pacific is the leading producer of electronic products recorded a revenue of USD 3,312.39 billion and Europe accounted for USD 622.45 billion in 2016.

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By Region

  • North America: The US is the largest market for second-hand cars and thus the demand for plating on plastics in the production of aftermarket plastic components is estimated to fuel the regional market growth during the forecast period.
  • Europe: The growth of the European market is driven by growth in infrastructure activities, which is expected to boost the demand for sanitary fittings in the region.
  • Asia-Pacific: Increasing application of plating on plastics insulation in the automotive industry is expected to drive the products’ demand in the regional market.
  • Latin America: The region is the largest exporters of automobiles and electronic products. The growing consumption of plating on plastics in automobile components and home appliances is driving the regional market growth.
  • Middle East & Africa: In the Middle East & Africa, the rise in infrastructure projects is driving the demand for plating on plastics in sanitary fittings such as bathroom accessories and kitchen accessories

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

According to the MRFR analysis, the Global Gum Rosin Market was valued at USD 2.42 billion in 2018 is expected to register a CAGR of 4.16% during the forecast period.

Gum rosin is obtained from coniferous plant species and widely used as an alternative for synthetic petroleum resin. Due to the high adhesion property, it is used as a prime ingredient to produce a wide range of adhesives including hot melt, pressure-sensitive, and solvent adhesives. This is likely to boost the global market growth. Additionally, various gum rosin applications include paints, sealant wax, printing inks and labels, which is further expected to drive the global market growth. However, the presence of readily available petroleum resin substitutes is likely to pose a limitation to the growth of the gum rosin market during the forecast period.

Pricing and Standards

The price of gum rosin is expected to showcase a hike in during the forecast period. In 2018, the product was priced around USD 1900–2200 per ton across the globe.

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Some of the standards for testing rosin are:

  • American Society for Testing and Materials: ASTM D509-70 for “Standard Methods of Sampling and Grading Rosin”
  • American Society for Testing and Materials: ASTM D465-82 for “Standard Test of Methods for Acid Number of Rosin”
  • Indian Standard: IS 553: 1984 for “Specification for Rosin (Gum Rosin)”

SEGMENTATION

By Grade

  • WW: The segment accounted for the largest gum rosin market share in 2018 and is expected to be the fastest-growing segment during the forecast period. The WW rosin is light yellow color rosin and is mainly used to produce rubber adhesives and hot melt adhesives. Additionally, this rosin is also used as a glazing agent in medicines and chewing gums.
  • WG: WG gum rosin is deep yellow in color with a softening point of 75 degree Celsius. This gum rosin grade can be used in various cosmetic applications including hair removal creams, soaps, and lip balms.
  • K: Primarily used in chemical compounds mainly paints and printing inks.
  • X: X grade gum rosin is used in bookbinding, tapes and labels and other contact adhesives.
  • Others: The other segment includes N and M grades.

By End-Use Industry

  • Adhesives & Sealants: The largest segment in 2018 owing to the high demand for gum rosin and derivatives mainly triethylene glycol esters of rosin in adhesives and sealant waxes. The gum rosins enhance the tackiness and strength of the adhesive, thus augmenting the demand for gum rosin in the adhesives & sealants industry. The segment is expected to showcase robust growth in the coming years owing to increasing product usage in the wide variety of adhesives, namely solvent adhesives, water-based adhesives, hot melt adhesives, pressure sensitive adhesives, and floor coating adhesives, which are then used in tapes, labels, and bookbinding applications.
  • Rubber: The growth of the rubber segment is due to the increasing use of gum rosin as a filler to make the rubber easy for kneading and improve its softness. Additionally, gum rosin when blended with natural rubber improves the cohesion and enhances the endurance to both heat and abrasion by 25%.
  • Paints & Coatings: The growth of the segment is attributed to the increasing demand for thermoplastic rosin in the production of water-based paints and primer coatings to provide better adhesion and high corrosion resistance. On an average, the gum rosin consumption rate in paint production is 8–10%. Additionally, gum rosin is also used in the production of road paints which are applied as road surface markings on safety zone, boundary, and crosswalk.
  • Printing Inks: Gum rosin is mainly used in printing inks to ensure proper adhesion of the letters and printed images on the surface.
  • Food & Beverage: Hydrogenated rosins along with natural chicle, flavor, sugar, and pigment is used in chewing gum formulations. In addition, rosin is also used as an emulsifier in soft drinks.
  • Others: The segment includes construction, packaging, pharmaceutical, and personal care & cosmetics industries.

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By Region

  • Asia-Pacific: It accounted for the largest share in 2018 and is projected to be the fastest-growing regional market owing to the rapidly growing industrialization in the region. China is the leading country-level market on account of the growing demand for gum rosin in industrial applications such as paints, electric cables, and inks.
  • North America: The increasing demand for gum rosin for multifarious applications including adhesives and as a concrete frothing agent in rising constructional activities is expected to fuel the growth of the regional market.
  • Europe: The market is expected to witness significant growth during the forecast period owing to the radical consumer shift towards renewable and eco-friendly products.
  • Latin America: The regional market is witnessing sluggish growth; however, the rising industrialization is expected to fuel the demand for gum rosin during the review period.
  • Middle East & Africa: The increasing constructional & infrastructural activities on account of the growing tourism is majorly contributing to the regional market growth

Peracetic Acid Market Segment: Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

The global market for steel products is expected to register a CAGR of ~2.5%. In terms of volume, the market was pegged at 1,800 million metric tons in 2018. The steel products market is expected to witness moderate growth during the forecast period owing to the healthy growth of various end-use industries, including automotive, electrical & electronics, construction, oil & gas, and shipbuilding. With the growing population, urbanization, and rapid industrialization along with economic growth in developed as well as developing countries is expected to support the growth of the global steel products market during the forecast period.

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Segment Analysis

The product types analyzed under the scope of the steel products market are structural steel, iron steel wire, ingots and semi-finished material, bars and rods, tubes and pipes, castings & forgings, plates & sheets, and others. The structural steel segment is expected to hold a dominant share of the global steel products market owing to increasing demand in the construction industry across the globe. Tubes & pipes casting & forgings segments are expected to witness healthy growth due to the increasing demand in the oil & gas and automotive industries.

The end-use industries of steel products are construction, automotive, oil & gas, shipbuilding, mechanical equipment, electrical appliances, domestic appliances, and others. The construction segment accounted for over half of the global steel products market in 2018 and is expected to witness moderate growth driving the global market owing to increasing residential construction activities and infrastructure development. The automotive is expected to be the second-largest segment for steel products and is expected to be the fastest-growing during the forecast period. The high growth of the segment is attributed to increasing automobile production in countries such as China, India, Brazil, the US, and ASEAN.

Regional Analysis

The global steel products market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is estimated to dominate the global market in 2018, led by India and China. The region is expected to showcase significant growth during the forecast period owing to increasing automobile production, expanding construction industry, urbanization, and industrialization. The North American and European markets are expected to witness moderate growth during the forecast period driven by increasing demand in the construction and automotive industries. The markets in Latin America and the Middle East and Africa are expected to exhibit considerable growth during the review period owing to the expanding end-use industries in the regions.

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Competitive Analysis

Some of the key players operating in the global steel products market are Shangang Group (China), ArcelorMittal (Luxembourg), China Baowu Group (China), POSCO (South Korea), Tata Steel Group (India), NSSMC Group (Japan), Thyssenkrup (Germany), HBIS Group (China), Hyundai Steel Company (South Korea), China Steel Corporation (Taiwan), Nucor Corporation (US), JSW Steel Limited (India), JIANLONG GROUP (China), Maanshan Steel (China), and others

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

Benzene is a toxic, flammable, and volatile hydrocarbon. The most common route to produce benzene is by crude refining, or as a by-product of p-xylene production. This implies that benzene production is entirely dependent on crude oil refining processes. It is used as an industrial solvent, as a chemical intermediate and is used in the synthesis of many chemicals such as including polystyrene, phenol, nylon, and polyurethane. More than half of the benzene produced each year is converted to ethylbenzene, then to styrene, and then to polystyrene. The next largest use of benzene is in the preparation of phenol. 

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According to our analysis, the important factors and trends seen in the global benzene market are demand for petrol additives such as benzene, which increase the rating of the petrol, surge in the use of benzene in the construction industry owing to its use in manufacturing insulation materials, rapid increase in the benzene use for the manufacturing of nylon fibers owing to the demand from expanding global populace, and rising spending on food packaging and automobile manufacturing. Furthermore, need for benzene is anticipated to observe a higher CAGR over the forecast period owing to surge in paints and coatings industry, as benzene derivatives are vital compounds in the manufacture of paints and lacquers. Increasing oil & gas exploration activities and new oil & gas reserves discovery are reducing the benzene raw material demand gap in the assessment period. In the forecast period, benzene is used in the manufacture of car parts and it is predicted that increase in automobile production is fueling the benzene market. Additionally, food packaging industry is anticipated to drive the benzene market in the assessment period owing to its major use in manufacturing food packaging materials.

Market Segmentation

The global benzene market is categorized on the basis of derivative type, and region. On the basis of the derivative type, the market is bifurcated into alkyl benzene, cumene, cyclohexane, ethylbenzene, nitrobenzene, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis

North American benzene market is anticipated to observe a huge increase owing to high consumption potential, rising petroleum refining capacities, and increasing economic growth rate and human development index (HDI). In the North American region, rising demand for petrol additives to increase the octane number of the petrol is fueling the benzene market. As of 2016, the U.S accounted for the largest market share and was followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR due to the growth in the production of petrochemical additives, food packaging, and paints industries. In Europe, the need for oleochemicals is anticipated to increase in many countries such as Italy, Germany, Spain, UK, France, and Russia due to increasing spending in oleochemicals research & development and growing purchasing power of consumers. Moreover, the presence of major automobile production capacities specifically in Germany is anticipated to give a new opportunity to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also anticipated to observe steady growth on account of increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in oleochemicals manufacturing technology.  In Asia Pacific region, benzene market is anticipated to increase owing to the presence of many oil & gas reserves which is reducing the demand gap for benzene raw materials. Thus, benzene end products are estimated to sell at lower prices relatively to other regions

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Competitive analysis

Some of the prominent players operating in the global benzene market are BASF SE (Germany), Ecolab (U.S.), The Dow Chemical Company (U.S.), Arsol Aromatics GmbH & Co. KG (Germany), Exxon Mobil Corporation (U.S.), Royal Dutch Shell plc (the Netherlands), China Petroleum & Chemical Corporation (China), SABIC (Saudi Arabia), BP p.l.c. (UK), and Repsol (Spain), among others

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

High strength steel is used in various end-use industries including automobile, building & construction, mining, military & defense, and aviation. The growing investment in infrastructural development coupled with the increasing defense budget is expected to augment the growth of the global high strength steel further. Among the various end-use industries, automobile and building & construction are expected to hold the major share during the assessed period.

Market Segmentation

The global high strength steel market is segmented into product type and end-user industry. On the basis of the type, the market is segregated into high strength low alloy steel, dual phase steel, hardenable brake steel, carbon manganese steel, and others. On the basis of the end-user industry, the global market can be further bifurcated into automotive, building & construction, mining & other equipment, aviation, marine, military & defense, and others.

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Market Scenario

The automobile segment followed by building & construction segment is anticipated to observe a higher CAGR during the forecast period. High strength steel in automobiles helps in the reduction of weight, which, in turn, reduces the emissions in automobiles. The implementation of stringent regulations regarding the greenhouse emissions is further anticipated to boost the market demand. high strength steel is extensively used in bridges, roller coasters, and other infrastructures owing to its high tensile strength and corrosion resistance. The growing infrastructural spending is expected to add to the growth of the segment.  

Regional Analysis

The global high strength steel market is spanned across five key regions: North America, Asia Pacific Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share and is expected to grow at a considerable CAGR .The growing development of industries in the region is the major factor attributing to the growth of the segment. Moreover, the shifting of the automotive manufacturing base into the region owing to the cheap labor and encouraging government regulations is also contributing to the growth of the market.

The North American high strength steel market is mainly driven by the Canada and the U.S. The growing adoption rate coupled with the developed end-user industries are the key factors attributing to this growth. Moreover, the properties such as high tensile strength and lightweight also find its application in the defense sector. The growing defense budget in the region is also anticipated to surge the market demand.

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Competitive Analysis                                                             

Some of the prominent players operating in the global high strength steel market are Arcelor Mittal (Luxembourg), United States Steel Corporation (U.S.), Voestalpine AG (Austria), SSAB (Sweden), Shandong Steel Group (China), SAIL (India), Tata Steels (India), Nippon Steel and Sumitomo Metal Corporation (Japan), POSCO (South Korea), Wuhan Iron and Steel Corporation (China), Tata Steels Limited (India) and Nippon Steel & Sumitomo Metal Corporation (Japan) among others

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.