Category Archives: Chemical

Dimer Acid Market Growth: Regional Outlook, Demand, Segments, Research Report, Key Player profile by 2023

Dimer acid is a non-toxic and eco-friendly chemical, made by dimerizing unsaturated fatty acids on clay catalyst. Unsaturated fatty acids are derived from natural sources such as oleic acid, tallow, cottonseed oil, tall oil, and rapeseed oil among other. Dimer acid is most commonly used to form polyamide and polyester resin. The polyamide resins are widely used as a curing agent for epoxy resin, adhesive & sealants, surface coating, paint & inks, lubricant, wetting agent, surfactant, and demulsifier among other.

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Market Segmentation

The global dimer acid market is segmented by product type, application, end-use industry, and region.

On the basis of the product type, the global dimer acid market is segmented into standard, distilled and distilled & hydrogenated. The demand for the product type is mainly driven the required purity of the product.
On the basis of the application, the global dimer acid market is segmented into reactive polyamide, non-reactive polyamide, oilfield chemical, cosmetics & personal care products, and others. Reactive polyamide is consumed majorly due to high demand from the construction industry and it is leading the global market.
On the basis of the end-user industry, the global dimer acid market is segmented into construction, oilfield industry, cosmetics, and others. The construction segment is the major contributor to the global dimer acid market due to rising urbanization, large-scale investments in infrastructure & industrial sectors, and rising construction activities in emerging economies.

On the basis of the region, the global dimer acid market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The global dimer acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is dominating the global dimer acid market followed by the Middle East, which is further trailed by North America and Europe. The global dimer acid market is mostly driven by the demand from the construction industry for adhesives, surface coatings, paints, and sealants. Asia Pacific and the Middle East witnessed a high demand for oilfield chemicals in 2016 due to growing oilfield industry.

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Competitive Analysis

Some of the key players in the global dimer acid market are Shandong Huijin Chemical Co. Ltd (China), Croda International Plc (U.K), Oleon Corporate M&S (Europe), Anqing Hongyu Chemical Co., Ltd(China), Florachem Corporation. (U.S.), Emery Oleochemicals (Malaysia), Jinan tongfa resin Co. Ltd. (China), Krayton Corporations (U.S.), Aturex Group (China).

Mining Chemicals Market Analysis: Research Reports, Size, Growth, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2023

Mining chemicals play a vital role in the mining process and enhance their productivity and efficiency. The various products of the mining chemicals include grinding aids, flocculants, frothers, collectors, solvent extractant, and others. Among these, the grinding aids segment is the largest segment in terms of volume due to their extensive use in cement manufacturing. The increasing infrastructure and construction activities across the globe is anticipated to drive the global market over the assessment period. Flocculants absorb particles and destabilize them by neutralization and consist of anionic and cationic polymers. Anionic flocculants are used in the production of salts and metallic hydroxides. The flocculants are highly used in water and wastewater treatment. The market is also segmented on the basis of the application as mineral processing, explosives & drilling, water & wastewater treatment, and others. Among these, mineral processing accounted for a major share of the market. These chemicals are widely used in various processes such as open pit & underground, crushing, leaching & absorption, elution & electrowinning, and others. Explosives & drilling application is extensively used for rock penetration and fragmentation. The increasing demand for clean and safe water has augmented the use of mining chemicals in wastewater treatment.

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Market Segmentation

The global mining chemicals market is segmented on the basis of the product, mineral type, application, and region.

Based on the product, the global mining chemicals market is segmented into grinding aids, flocculants, frothers, collectors, solvent extractant, scale inhibitors, and others.

The market is segmented on the basis of the mineral type into base metals, non-metallic metals, precious metals, and rare earth metals.

On the basis of the application, the global mining chemicals market is segmented into mineral processing, explosives & drilling, water & wastewater treatment, and others.

Regional Analysis

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

Asia Pacific is the leading region in the global market owing to the increasing mining activities in countries such as China and India.

The high demand for mining chemicals in the limestone grinding is the major driver of the North American market.

Europe is anticipated to showcase a significant growth due to the rising mining activities in Eastern Europe.

The expanding mining sector in Africa is likely to propel the market growth in the coming years.

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Competitive Analysis

Some of the manufacturers operating in the global mining chemicals market are Ashland (U.S.), The Dow Chemical Company (U.S.), Chevron Philips Chemical Company (U.S.), BASF SE (Germany), Exxon Mobil Corporation (U.S.), Cytec Solvay Group (U.S.), NALCO (India), Air Products and Chemicals, Inc. (U.S.), 3M (U.S.), Cheminova A/S (Denmark), Akzo Nobel N.V. (Netherlands), SNF Group (U.S.), Nasco (U.S.), Clariant (Switzerland), and Huntsman International LLC (U.S.).

Graphene Battery Market Demand | Share, Growth and Size by 2023

Graphene battery are used in various end user industries such as aerospace & defense, automobile, electrical & electronics, among others. The growing demand from the developing economies across the globe are the key factors driving the global market of graphene battery. The growing inclination towards the electric vehicles along with the augmenting demand for consumer electronics are other factors contributing to the growth of the market. Among the various end use industry automobile is the dominant segment and expected to show the same trend during the forecast years.

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Market Segmentation

The global graphene battery market is segmented into product, type and end user industry. On the basis of product type, the global graphene battery market is segmented into On the basis of type, the market is bifurcated into Li-ion graphene battery, Li-sulphur graphene battery, super capacitor, lead acid battery and others. On the basis of end use industry, the market is further segmented into automotive, electrical & electronics, aerospace & defense, energy, healthcare and others.

Market Scenario

Among the various product segment, the Lithium Ion graphene battery is expected to be dominant one is anticipated to continue its dominance during the forecast periods. The properties of Li-ion graphene batteries such as lightweight and high energy density paves their way into many end use industries such as automobile, electrical & electronics, aerospace among others. The supercapacitors product segment is anticipated to be the fastest growing segment during the review period. The advantages such as extended shelf life and enhanced charging abilities is contributing substantially to the growth of the segment.  Moreover, the increased adoption of supercapacitors in cell phones is further surging the market growth. Graphene battery is extensively used over a wide range of industries, whereas automobile industry is anticipated to be the largest end use industry during the assessed period. The growing inclination towards electric cars is positively contributing to the growth of the segment.

Regional Analysis

The global graphene battery market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is anticipated to be the fastest growing market on account of the developing automobile and electrical and electronic industry. Europe and North American graphene battery market is expected to witness a steady growth during the forecast years. The presence of stringent regulation to reduce the emission from automobiles along with the growing encouragement towards the adoption of electric vehicle are the key reasons attributing to the growth.

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Competitive Analysis

Some of the prominent players operating in the Global graphene battery market are Grupo Graphenano (Spain), SINODE SYSTEMS (U.S.), Graphene NanoChem (U.K), Angstron Materials Inc (U.S)., XG Sciences (U.S.), Vorbeck Materials (U.S.), Graphene 3D Lab Inc (U.S.)., NanoXplore Inc.(Canbada), Graphene Batteries AS (Norway), and Cambridge Nanosystems Ltd (U.K) among others.

Dental Adhesives And Sealants Market Size: Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2023

Dental adhesives are primarily used to bring strong adhesion between the denture and oral mucosa. Commercially, these products are manufactured in various forms such as powder, cream, paste, wafers, and others. The raw material sources for the dental adhesives are both natural and synthetic. The nature-based adhesives are used extensively due to their enhanced and better quality. On the other hand, sealants are used to fill the gap between two surfaces. They are low strength binders but possesses excellent flexibility as compared to adhesives.

The increasing oral healthcare awareness and high disposable income are primarily driving the global dental adhesives and sealants market. Increasing improper eating habits in the young generation and orthodontic issues in geriatric population affects the oral health, which is likely to fuel the demand for the adhesives and sealants. Increasing government interests in the dental campaign in emerging markets is another factor fuelling the market growth. The pit & fissure and denture adhesives segment together hold a major share of the market, where pit & fissure sealants are cost-effective. Moreover, the rising demand for cosmetic dental treatment is further favoring the market growth. However, the high cost of the dental care treatment and a shortage of dental professionals may challenge the market growth. Nevertheless, the advancements in the dental adhesive systems such as oral maxillofacial surgery and procedures along with the increasing investments in R&D activities are likely to pose as a substantial opportunity to the market growth during the forecast period.  

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Market Segmentation

The global dental adhesive and sealant market is segmented on the basis of product type, resin type, applications, and region.

By the product type, the global market is segregated into natural and synthetic. The natural product type is extensively used due to the increasing awareness of organic substances and oral hygiene.

On the basis of the resin type, the market is categorized into the dual-cured, light-cured, and self-cured resin. Out of these, the self-cured resin is holding a major market share. Use of self-cured resins reduce the number of application steps shortening the dental treatment time and provide procedural precision.

Based on the application, the global market is segmented into denture bonding agents, pit & fissure, restorative adhesives, orthodontic bonding agents, luting cement, tray adhesives, dental surgical tissue bonding, and others.

Regional Analysis

The global dental adhesives and sealants market is segmented into five major regions Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

Developed regions, such as Europe and North America, are the major regions in the global dental adhesives and sealants market. Furthermore, high cost of dental care treatment is not hampering the market growth in this region. 

Followed by Europe and North America, Asia Pacific is expected to emerge as the fastest growing region in the global dental adhesives and sealants market. Emerging countries such as China and India are the major contributors to the market growth owing to the rising healthcare awareness. However, the high cost and lower dental hygiene may challenge the market growth in this region.

Latin American countries such as Mexico, Brazil, and Argentina are anticipated to fuel the market growth in the coming years due to the growing demand from the emerging dental care industries.

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Competitive Analysis

Some of the prominent manufacturers in the global dental adhesives and sealants market are Dentsply Sirona (U.S.), KURARAY NORITAKE DENTAL INC. (Japan), 3M (U.S.), Procter & Gamble (U.S.), GSK group of companies (U.K), tokuyama dental Corp. (Japan), Ashland (U.S.), Henkel AG & Co. KGaA (Germany), Johnson & Johnson Services Inc. (U.S.), Mitsui Chemicals Inc. (Japan), Sybron dental Specialties, Inc. (U.S.), Kerr Corporation (Switzerland), Ultradent products, Inc. (U.S), Colgate-Palmolive Company (U.S.), and DETAX GmbH & Co. KG (Germany).

Acetic Anhydride Market: Demand, Industry Analysis, Size, Share, Growth, Trends, Key Player profile and Regional Outlook by 2023

Acetic anhydride is a clean, colorless liquid with a strong odor of vinegar. It is soluble in water. Acetic anhydride is widely used as a wood preservative for making durable timber. It is used in various applications such as filter tows, fiber, plastics, dyes, pesticides, flavors, fragrances, and others. The major application of acetic anhydride is the formation of cellulose acetate, which is driving the demand for the product. Cellulose acetate is mainly used in the manufacturing of cigarette filters, photographic films, coating materials, and others. The rising demand for acetic anhydride in pharmaceuticals as an intermediate is the major factor driving the growth of the market. Extensive use of acetic anhydride in the production of aspirin and paracetamol, effective for generic disease such as cold, fever, and bodily pain. The increasing use of flavors and fragrances in food and beverage industry is another factor fuelling the market growth. Moreover, the product is used for manufacturing of tetraacetylethylenediamine (TAED), a bleach activator used in laundry detergent. It acts as a solvent and key ingredient in pesticides such as acephate and other herbicides. Spandex, a light-weight fiber, generally used in manufacturing of swimwear and sportswear. The spandex are manufactured by polytetramethylene ether glycol, which uses acetic anhydride. However, the increasing awareness about ill-effects of cigarettes coupled with stringent governmental regulations may challenge the market growth. Nevertheless, the radiolabelling of proteins and viruses in mammalian tissue culture is anticipated to be one of the emerging opportunities in the global market.

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Market Segmentation

The global acetic anhydride market is segmented on the basis of application, end-user, and region.

On the basis of the application, the global market is segmented into cigarette filter, chemical intermediate, coating materials, dye, flavors & fragrance, pesticides, synthesizer, and others.

Based on the end-user, the global market is categorized into pharmaceuticals, textiles, agrochemicals, food & beverages, and others.

Regional Analysis

The global acetic anhydride market is segmented into five major regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

North America is leading the global acetic anhydride market owing to the high production of the product in this region. Many of the major acetic anhydride producing companies are located in the U.S. The increasing demand for acetic anhydride from the major applications such as cellulose acetate and pharmaceuticals in this region is likely to fuel the market growth during the assessment period. The U.S. implemented acetic anhydride regulation to reduce the availability of heroin in 1989 as it is a precursor to the drug production. Moreover, the FDA limits the use of acetic anhydride to 2.5% in food starch. These stringent regulations are likely to hinder the market growth in this region.

Followed by North America, Asia Pacific is expected to emerge as the fastest growing region in the global acetic anhydride market. China is the major manufacturer of acetic anhydride due to the low production cost and abundance of labor. Similar to North America, China has implemented the “UN Convention on Drug Precursors,” wherein the signatories subject to strict licensing for production, sales, purchase, and transportation of such precursor chemicals. India is likely to witness a significant growth of the market owing to the increasing demand from textiles, pharmaceuticals, and polymer industries.

The regional market of Europe is mainly driven by the product used in tetraacetylethylenediamine (TAED) for laundry detergent and cellulose acetate for cigarette filters.

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Competitive Analysis

Some of the important manufacturers in the global acetic anhydride market are Celanese Corporation (U.S.), BASF SE (Germany), Eastman Chemical Company (U.S.), Jubilant Life Sciences Ltd. (India), DuPont (U.S.), Merck KGaA (Germany), Bufa Chemikalien Gmbh & Co. KG (Germany), Daicel Corporation (Japan), Fischer Chemic (India), Hudson Chemical Corp (U.S.), Mil-Spec Industries Corporation (U.S.), Aldon Corporation (U.S.), Laxmi Organic Industries Ltd. (India), Atanor SCA (Argentina), and Jiangsu Danhua Group Co. Ltd (China).

Bio Polyamides Market Growth: Demand, Size, Share, Trends, Key Player profile and Regional Outlook by 2023

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, the Global Bio Polyamides Market was valued at USD 171.01 million in 2016 and is predicted to grow at 3.51% CAGR to reach USD 216.22 million by the end of 2023. Bio-polyamides consumption has gained momentum due to its versatile nature and stringent regulations on excess consumption of synthetic polyamides.

Growing automotive industry, high adoption of Bio-Polyamides in end use industries, versatile nature along with superior properties associated with it drive the growth of the market. Growing use of bio polyamides in the consumer goods segment anticipated to complement market growth over the review period. Furthermore, due to fiber suitable application of Bio-Polyamides, the textile industry is expected to be the major contributor to the growth of the market over the forecast period. However, the global growth of this market is restrained by unstable prices of raw material.   

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Segment Analysis:

The Global Bio Polyamides Market is segmented into type, application, end use, and region. On the basis of type, the global market has been segmented into PA 6, PA 6, 6, and specialty polyamides. Among all, PA 6 (polyamide 6) was the dominant segment and accounted for 64.30% in 2016 due to various properties such as long term heat resistance, excellent surface quality, and UV resistance.  Based on the application, the global market has been segmented into engineering plastic and fiber. Engineering plastic segment dominated the global market and accounted for overall market share of 58.25% as of 2016. The engineering plastic gained market attraction in various end use industries owing to their recyclability, electromechanical resistivity, ductility, and creep resistance. The automotive industry consume goods, industrial are the key consumers of the engineering plastic and accounted for majority revenue.

Market segmentation based on the end use includes automotive, textile, electronics & electrical, films & coatings, consumer goods, industrial, and others. The others segment comprises sports industry, and medical industry. The automotive industry emerged as the market leader with the highest consumption of 25.80 kilo tons bio polyamides at a healthy CAGR of 3.10% as of 2016. In this industry, Bio-Polyamides are used in various applications such as engine components, fuel lines, air break lines, multilayer tube lines, and others. The textile industry was the second largest consumer of Bio-Polyamides and has been growing at the highest CAGR over the last few years due to fiber suitable applications of Bio Polyamides. Nevertheless, the consumer goods segment is growing at 3.27% and emerged as highly potential end use segment by representing dynamic growth. This is due to the wider application area of consumer goods industry coupled with increasing usage of Bio-Polyamides in this industry.

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Regional Analysis:

The Global Bio-Polyamides Market is segmented into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among all the regions, Asia Pacific was the largest market for Bio Polyamides followed by North America and Europe region. As of 2016, the region accounted for 44% of the global market share and it is likely to reach USD 96.39 million by 2023 growing at CAGR of 3.70%. North America is the second largest market closely followed by Europe, which is another growth attracting market. The region registered the second largest automotive production after China by complimenting regional growth. Whereas, European regulations pertaining to CO2 emission and green initiatives expected to offer lucrative growth prospects in the coming years.

Nanocellulose Market Analysis: Demand, Size, Share, Trends, Key Player profile and Regional Outlook by 2023

Nanocellulose is derived from wood pulp or plant cellulose. It can be obtained through chemical or mechanical treatment to cellulose, a biopolymer material abundantly available worldwide. It exhibit excellent thermal, rheological, mechanical, and structural properties such as biodegradability, low density, superior strength, and high water binding capability. With the aforementioned properties, it is widely used in various applications such as oil & gas, personal care, paints & coatings, paper & board, composites & packaging, and others.

Some of the prominent factors that positively influence the growth of Nanocellulose Market are rising crude oil production, growing demand for composite, and increasing urbanization. Moreover, rapid industrialization along with rising per capita disposable income in developed and emerging economies are expected to drive the growth of the market over the assessment period 2017-2023. Furthermore, continuous expansion of automotive sector along with shifting manufacturers focus towards cost-effective vehicles are predicted to fuel the growth of the market during the assessment period 2017-2023. Rising application scope of cellulosic based products in paper & pulp production along with increasing environmental concerns is estimated to drive the Global Nanocellulose Market over the assessment period.

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Competitive Analysis:

The major players operating in the Nanocellulose Market are DAICEL FINECHEM LTD (JAPAN), NIPPON PAPER INDUSTRIES CO., LTD. (Japan), Borregaard (Norway), CelluForce (U.S.), Sappi Ltd. (South Africa), Kruger Inc. (Canada), STORA ENSO (Finland), AmericanProcess Inc. (U.S.), UPM (Finland), J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany), and others.

Market Segmentation:

The Global Nanocellulose Market is segmented into types, application, and regions. On the basis of type, the market is segmented into nanofibrillar cellulose (NFC), nanocrystalline cellulose (NCC), bacterial cellulose (BCC). Among these, nanofibrillar cellulose accounted for the largest market share in 2016 and expected to retain its dominance over the forecast period due to wide utilization in numerous end use application such as paints & coatings, oil & gas, and composites & packaging. Moreover, it can be widely utilized in textiles, packaging films, and personal care products. Bacterial cellulose is predicted to grow at the highest CAGR during the forecast period as it provide immense potential in the fields of drug delivery system and biomedical implants. On the basis of application, the market is segmented into composites & packaging, paper & board, paints & coatings, oil & gas, personal care, and others. Composites & packaging is the largest application segment and accounted for around 40% of the market share. Nanocellulose based composites are used in automotive sector due to its high tensile strength and excellent thermal durability. Moreover, they are used as rheological modifier in paints & coatings, food & beverages, and oil & gas sector.

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Regional Analysis:

North America is estimated to be the largest Nanocellulose Market followed by Europe and Asia Pacific on account of strong existence of many big market players. European countries such as Germany and Spain are predicted to register a strong growth due to tremendous demand for Nanocellulose based composites in the automobile sector. In Asia Pacific, countries such as China, Japan, and India are the fastest growing market for Nanocellulose, and is estimated to grow at the same pace over the assessment period. Improving living standards along with the growing personal care sector is expected to contribute to the regional market growth. In North America, the U.S and Canada are among the major contributors to the regional market growth on account of expansion of cosmetics & personal care as well as rising innovations. The Middle East and Africa is estimated to witness a steady growth due to increasing foreign investments and shifting of manufacturing base for end use industries to these region.

Kaolin Market Demand: Size, Growth and Share by 2027

Global Kaolin Market is projected to reach USD 5,893.47 Million by 2025, at a CAGR of 3.97% during the forecast period. Kaolin, a unique industrial mineral, is used in many industrial applications. It remains chemically inert over a relatively wide pH range and offers excellent coverage when used as a pigment or extender in coated films and filling applications. Kaolin varies in physical aspects depending on the end-use applications that include the production of paper, ceramics, paints & coatings, refractories, rubber, plastics, cosmetics, and pharmaceuticals.

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Segmental Analysis

According to MRFR analysis, the Global Kaolin Market has been segmented based on Grade, Application, and Region.

The global kaolin market has been segmented by grade into calcined, hydrous, delaminated, surface treated, and structured. Among these segments, the calcined segment accounted for the largest market share of over 50% in 2018. Calcined kaolin is a hydrous product that undergoes secondary high-temperature processing at temperatures around 1,000 °C, which de-hydroxylates the kaolin, increases the brightness, and changes the particles from a platy structure to an amorphous structure. Calcined kaolin has high brightness with fine particle size and good coating morphology (bulk and porosity), which enhances aesthetics and printability. Considering this, it is ideal for improving opacity, brightness, ink receptivity, smoothness, blister resistance, binder migration, and printability. Calcined kaolin is widely used in paper, ceramics, paints, rubber, concrete, and cosmetics applications, among others. Hydrous kaolin is the second most preferred type of kaolin. It is widely used in paint formulas owing to the favorable rheological profile it imparts, including high gel strength, sag resistance, and a shear-thinning behavior for ease of brushing, rolling, and spraying.

The global kaolin market has been segmented, by application, into paper, ceramics, paints & coatings, rubber & plastic, fiberglass, and others. Among these segments, the paper segment accounted for the largest market share of over 35% in 2018. In the paper industry, kaolin is used both as a filler in the bulk of the paper and as a surface coating. Its whiteness, opacity, low abrasivity, and large surface area of its particles make it an ideal raw material for paper production. The use of kaolin helps reduce the amount of expensive wood pulp required while also enhancing the optical properties of the paper and improving its printing characteristics. When used as a coating on paper, its whiteness improves the paper’s brightness and opacity. The size and shape of individual kaolin particles impart a glossy and printed paper quality that is required for many different kinds of papers used for magazines and brochures, cartons, art paper, and boxes, among others. Moreover, kaolin coatings improve paper appearance, giving it varying degrees of gloss, brightness, smoothness, opacity, and, most importantly, printability. Kaolin improves printability by providing added ink pigment holdout, ink absorption, lowering linting tendency, and increasing the roughness.

Regional Analysis

Geographically, the global kaolin market has been divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. As per the analysis of MRFR, Asia-Pacific was the dominant regional market, accounting for a market share of over 40% in 2018. Moreover, Europe held the second-largest share of the kaolin market in 2018 due to the high consumption of kaolin, specifically in paper and ceramic applications.

Key Players

Market Research Future (MRFR) identifies the following companies as the Key Players in the global kaolin market: LB MINERALS, Ltd (Czech Republic), BASF SE (Germany), Ashapura Group (India), Sibelco (Belgium), Imerys (France), Thiele Kaolin Company (US), KaMin LLC (US), Sedlecký kaolin a.s. (Czech Republic), EICL Limited (India)

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Key Findings of the Study

  • Global Kaolin Market was valued at USD 4,462.65 Million in 2018 and is projected to reach USD 5,893.47 Million by the end of 2025, at a CAGR of 3.97% during the forecast period.
  • Based on grade, the calcined segment is expected to grow at the fastest CAGR of 4.37% during the review period.
  • Based on application, the paper segment dominated the market with a share of 37.56% and was valued at USD 1,676.2 million in 2018.
  • Asia-Pacific is likely to register a CAGR of over 4.5% during the review period.

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

According to the MRFR analysis, the Solvents Market is expected to reach a value of USD 48 Million in 2025, registering a CAGR of 4.0% during the forecast period.

Solvents are the chemicals capable of dissolving other substances without chemical changes. Solvents are widely used in paints and coatings, varnishes, adhesives, sealants, printing inks, cosmetics, and pharmaceutical applications. The increasing demand for paints and coatings, printing inks and cosmetics is likely to augment the growth of the global solvents market. Furthermore, one of the key trends observed in the market is shifting preference towards bio-based solvents driven by stringent regulations and increasing environmental regulations.

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Pricing and Regulatory Analysis

The price of solvents varies according to type and source. The bio-based solvents generally have a higher cost compared with petroleum-based solvents owing to high feedstock cost and complex manufacturing process.  The average price for solvents varies form USD 200 per ton to USD 800 per ton.

The global solvents market faces stringent regulations owing to high VOC emissions and environmental concerns. In Europe, the emission of Volatile Organic Compounds from Solvents is regulated by the European Union – S.I. No. 565 of 2012. Further, activities using more than 10 tons per annum of solvents need an Integrated Pollution Prevention & Control (IPPC) license from the EPA. In the US, the standards for solvent use are regulated by the National Emission Standards for Hazardous Air Pollutants (NESHAP), New Source Performance Standards (NSPS), Control Techniques Guidelines (CTG), and National Volatile Organic Compound Emission Standards – 183(e) VOC Rule.

SEGMENTATION

By Type

  • Alcohols: The alcohol segment accounted for a dominant share of the global solvents market. The segment is expected to witness significant growth during the forecast period. The growth is attributed to its low toxicity and high demand in the paints & coatings, pharmaceuticals, cosmetics, and personal care industries.
  • Ketones: Ketones are utilized as solvents in the paint & coatings and adhesives industries. Ketone-based solvents include acetone, methyl ethyl ketone (MEK), methyl isobutyl ketone (MIBK), and diisobutyl ketone (DIBK). Acetone is the most common ketone solvent used in various industrial solvents owing to its low surface tension, density, slower evaporation rate, and high boiling point.
  • Esters: The increasing adoption of bio-based solvents is expected to favor the demand for esters in the production of lacquers, paints, and coatings.
  • Glycol Ethers: Glycol ethers are solvents based on ethylene glycol, propylene glycol, and butyl glycol ethers and are most commonly used in paints and cleaners. The glycol ethers segment is expected to witness moderate growth during the forecast period driven by increasing demand in-home and institutional care, and cosmetics industries.
  • Halogenated Solvents: Halogenated solvents are used in the cleaning, printing inks, textile, paints, and furniture industries. However, the health and environmental risks restrict the use of halogenated solvents.
  • Aromatic: These solvents are used in the manufacturing of industrial paints, resins, adhesives, and detergents.
  • Aliphatic: Aliphatic solvents are widely used in paints and coatings, degreasing, oil extraction, and rubber manufacturing.
  • Others

By Source

  • Petrochemical-based: The petrochemical-based solvents dominated the global solvents market in 2018. The demand for petrochemical-based solvents is mainly driven by the growth of paints & coatings industry. In 2018, the paints & coatings industry was valued at USD ~142 Billion and is forecasted to grow at a CAGR of 5% between 2019 and 2025, thereby boosting the demand for petrochemical-based solvents in the market.
  • Bio-Based Solvents: The segment is expected to witness high growth during the forecast period. This growth is attributed to increasing environmental concerns and stringent regulations.

By Application

  • Paints & Coatings: The segment accounted for the largest share of the global market in 2018 and is expected to witness healthy growth during the forecast period. The growth of the segment is attributed to the increasing demand in the construction and automotive industries.
  • Pharmaceuticals: The segment is expected to grow at a significant rate during the forecast period. The growth is supported by increasing healthcare spending and increasing investments in the pharmaceutical industry, particularly in Asia-pacific and North America. According to the World Health Organization, in 2016, the global spending on healthcare was USD 7.5 trillion and average per capita health expenditure was USD 1,000.
  • Polymer: Solvents are widely used in the processing and manufacturing of various polymers. The increasing demand for polymers in the food & beverage, packaging, automotive, and construction industries is expected to drive the growth of the segment during the forecast period.
  • Agrochemicals: The growing demand for fertilizers and pesticides to increase crop yield is projected to drive the demand for solvents in the agrochemicals segment.
  • Printing Inks: The growing demand for wide spectrum of printing across the publishing and packaging industry is driving the demand for various solvents in ink manufacturing.
  • Cleaners: The increasing demand for cleaners in the healthcare and food & beverage industries and domestic applications is expected to propel the demand for solvents during the forecast period.

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  • Cosmetics & Personal Care: With increasing disposable income, changing lifestyles, and rapid urbanization, the cosmetic & personal care industry is witnessing robust growth. This is expected to be the major factor increasing the demand for solvents.
  • Adhesives & Sealants: The adhesives and sealants industry across the globe was valued at USD 56 million in 2018. The industry is expected to witness significant growth driven by increasing demand in the construction, automotive, hygiene, and packaging industries. This, in turn, is expected to drive the growth of the global solvents market.
  • Others: The other segment is expected to witness moderate growth during the forecast period.

Oilfield Chemicals Market: Share, Size, Trends, Demand, Key Player profile and Regional Outlook by 2025

Oilfield Chemicals Market is projected to be valued at USD 46.2 Billion by 2025, expanding at a CAGR of 5.52%.

The Global Oilfield Chemicals Market is expected to witness healthy growth during the forecast period. This growth is due to the increasing demand for oil and petroleum-based products in various end-use industries such as automotive, consumer goods, aerospace, and electronics. Oilfield chemicals are used in all the stages of the oil & gas industry, including initial drilling of wells, production of oil and gas, and in all the aspects of maintenance of the oilfields, including storage of oil and natural gas in geological conditions. These chemicals are used to increase the output of the oil & gas extraction and increasing the working life of the oil & gas machines and structure. The increasing investments in exploration and production of unconventional resources due to growing concern regarding depleting conventional resources has increased the use of hydraulic fracturing technology in the oil and gas industry, this, in turn, is propelling the demand for oilfield chemicals.

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Segment Analysis

The Global Oilfield Chemicals Market has been segmented on the basis of type, application, and region.

On the basis of type, the market has been segregarted into inhibitors & scavengers, demulsifiers, friction reducers, rheology modifiers, surfactants, biocides, pour-point depressants, and others. The inhibitors & scavengers and demulsifiers segments collectively accounted for the highest market share of 71.4% in 2018 and expected to continue the trend in the coming years. Inhibitors and scavengers are further sub-segmented into corrosion inhibitors, paraffin inhibitors, asphaltene inhibitors, scale inhibitors, H2S scavengers, oxygen scavengers, and others. The corrosion inhibitors segment accounted for the largest share of 30.2% in 2018 due to increasing applications in the manufacturing of pipes, water tanks, and other equipment. The segment was valued at USD 4,268.6 million in 2018; it is expected to register a CAGR of 7.21% to reach USD 6,909.1 Million by the end of 2025.

The global oilfield chemicals market, by application, has been classified into upstream, downstream, and midstream. The upstream segment was valued at USD 15,665.8 million in 2018; it is expected to register a CAGR of 5.43% to reach USD 22,521.7 Million by the end of 2025. The upstream segment has been further sub-segmented into drilling, well stimulation, production chemicals, cementing, and workover & completion. The well stimulation segment accounted for the largest share in the upstream segment while drilling application is expected to register the fastest growth due to increasing investments in oil & gas exploration activities.

Regional Analysis

The Global Oilfield Chemicals Market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

According to MRFR analysis, North American market held the largest share of 44.3% in 2018 and is expected to witness healthy growth due to the growth of the shale gas industry coupled with an increase in oil drilling activities in the region. The markets in Asia-Pacific and the Middle East & Africa are expected to witness significant growth during the review period on account of an increase in exploration and production activities and startup of new oil and gas production projects. The market in Europe is projected to witness moderate growth led by Russia, Germany, and the UK. The market in Latin American is expected to register a moderate CAGR owing to the increase in the spending on exploration and production activities by private and foreign companies in Brazil and Mexico

Market Players

Market Research Future (MRFR) recognizes Royal Dutch Shell PLC (The Netherlands), Solvay (Belgium), Schlumberger Limited (US), BASF SE (Germany), Baker Hughes, a GE Company LLC (UK), Ideal Energy Solutions, LLC (US), Croda International PLC (UK), Albemarle Corporation (US), Halliburton (US), Clariant (US), Kemira (Finland), Nalco Champion (US), Stepan Company (US), The Lubrizol Corporation (US), Huntsman International LLC (US), and Ashland (US) as some to the prominent players in the global market.

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Key Findings of the Study:

  • The Global Oilfield Chemicals Market is projected to reach over USD 46,168.8 Million by 2025 at a 52% CAGR during the review period of 2019 to 2025.
  • North America accounted for the largest share of the global oilfield chemicals market with the US being the leading market in the region.
  • The inhibitors & scavengers followed by demulsifiers segment is projected to dominate the market during the forecast period.