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Be yourself; Everyone else is already taken.— Oscar Wilde.
This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.
Market Research Future (MRFR) has announced a new release on the global benzoic acid market. The report predicts the global benzoic acid market to exhibit a sturdy 5.92% CAGR over the forecast period (2018-2023), rising from a value of USD 868 million in 2017 to USD 1,219 million by the end of the forecast period in 2023.
Benzoic acid is a carboxylic acid with the chemical formula C6H5COOH. It has various functional properties, including antifungal and antibacterial properties, which have made it popular in a number of end-use industries. It is naturally found in a number of fruits, including plums, prunes, cranberries, and raspberries, and is primarily used in the food and beverage, chemical, and pharmaceutical industry.
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The growing use of benzoic acid in personal care products and cosmetics is likely to be a major driver for the global benzoic acid market over the forecast period. Benzoic acid and salicylic acid are often used in conjunction to counter the threat of fungus, as they both have excellent antifungal properties. The increasing demand for well-crafted and effective personal care products, especially in developing economies round the world, is likely to be a major driver for the global benzoic acid market over the coming years.
Growing demand from the food and beverage industry is likely to be a major driver for the global benzoic acid market. Benzoic acid and its sodium, potassium, or calcium salts are used as a food preservative due to their effective antifungal property. The growing demand for preserved and packaged food from the global consumer demographic is likely to drive the demand for effective natural preservatives such as benzoic acid.
Plasticizers derived from benzoic acid, i.e. benzoate plasticizers, are also likely to be a major fruitful channel for the key players in the global benzoic acid market. While phthalates are widely used as plasticizers at present, the environmental impact of the same has been adverse. This has led to a renewed interest in finding alternatives that don’t hurt the environment and still fulfill the important functional criteria. Benzoate plasticizers are likely to find increasing demand in the global plastics market over the coming years, driving the demand from the global benzoic acid market.
The report segments the global benzoic acid market on the basis of application, end use, and region. On the basis of end use, the global benzoic acid market is segmented into food and beverage, chemicals, pharmaceuticals, and others. The food and beverage industry registered the strongest share in the global benzoic acid market in 2017 and is likely to grow at the highest growth rate over the forecast period due to the growing demand for packaged food and beverages. It is expected to exhibit a robust 6.3% CAGR over the forecast period.
By application, the global benzoic acid market is segmented into sodium benzoate, potassium benzoate, benzyl benzoate, benzoate plasticizers, alkyd resins, benzoyl chloride, feed additives, and others. In accordance with the dominance of the food and beverage industry in the global benzoic acid market, sodium benzoate, the derivative of benzoic acid used as a preservative in the food and beverage industry, is likely to remain the dominant contributor to the global benzoic acid market over the forecast period. The segment accounted for 32% of the global benzoic acid market in 2017. It is touted to exhibit a strong 6.64% CAGR to reach a size of USD 406.9 million by 2023.
By region, the global benzoic acid market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific dominated the global benzoic acid market in 2017 and is likely to remain in the lead over the forecast period due to the growing demand from the emerging economies in the region. The Asia Pacific market accounted for close to 47% of the global benzoic acid market in 2017 and is likely to rise to a valuation of USD 588.9 million by 2023.
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Europe is the second largest regional segment of the global benzoic acid market and is likely to reach a valuation of USD 312.5 million by 2023 at a CAGR of 5.53% during the forecast period.
Leading players in the global benzoic acid market include Wuhan YouJi Industries Company Limited (China), Spectrum Chemical Manufacturing Corp. (U.S.), Hemadri Chemicals (India), Avantor (U.S.), Tianjin Dongda Chemical Group Co. Ltd. (China), Alfa Aesar, Thermo Fisher Scientific (U.S.), MP Biomedicals LLC (U.S.), GFS Chemicals Inc. (U.S.), Emerald Performance Materials (U.S.), Eastman Chemical Company (U.S.), Navyug Pharmachem (P) Ltd. (India), Ganesh Benzoplast Limited (India), and Choice Organochem LLP (India).
The global pigment intermediates market has been segmented by type, end-use industry, and region.
By type, the global pigment intermediates market has been divided into organic and inorganic intermediates. The inorganic pigment intermediates segment accounted for larger market share in 2017 owing to its benefits over the organic pigments. The inorganic pigments can withstand the impact of sunlight and chemical exposure in better way, and therefore are durable. They have also good opacity, increase rash inhibition, abrasion resistance, and rigidity to the molecules. Additionally, they are available at a competitive cost.
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Based on end-use industry, the market has been segmented into paints & coatings, textiles, construction, paper, plastics, and others. The paints & coatings segment accounted for a major market share in 2017 on account of the high demand for paints & coatings in major end-use industries such as aerospace, automotive, construction, consumer electronics, marine, and ship-building.
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 pigment intermediates market in 2017 due to the high demand from textiles, paints & coatings, and construction industries. The rapid industrialization and urbanization in the emerging economies such as India, Thailand, and Indonesia are the primary factor affecting the growth of the pigment intermediates market.
The demand for paints & coatings from major end-use industries such as construction, military & defence, and aerospace as well as the high demand from textiles is driving the demand for pigment intermediates in the North American region.
The high production and sales of automobile parts in Western European countries such as Germany, Italy, UK, and France is expected to drive the demand for paints & coatings, which will further drive the demand for pigment intermediates
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Some of the manufacturers operating in the global pigment intermediates market are Camex Limited (India), CALSAK CORPORATION (US), Ambuja Intermediates Pvt Ltd (India), Nova International (India), Sugai Chemical IND.CO.,LTD. (Japan), Wellton Chemical Co.,Ltd. (China), Minal Intermediates (India), Seya Industries Ltd. (India), Sarna Chemicals (India), Kawaguchi Chemical Industry Co., LTD (Japan), and Nantong Acetic Acid Chemical Co., Ltd. (China).
3D Printing Plastics Market – Overview
The versatility of plastic as a printing medium has boosted its application rate in the 3D Printing Market. The analysis revealed by MRFR states that the market will expand at a CAGR of 23.3% while achieving revenues worth USD 1,700 Million by the end of the forecast period. The increasing popularity of 3D printing technology in end-use industries such as automotive, science and industrial sectors is expected to modify the demand for the 3D Printing Plastic Market in the upcoming years.
The industrial advancements and forward integration of key polymer manufacturers is also adding to the growth trajectory that is being exhibited by the market. The rising demand being observed for composite grades of 3D printing plastic in several industrial applications is proving to be a positive influence on the development of the market. The amplifying demand for bio-based alternatives for 3D printed plastics is expected to boost the development of the market. The evolving 3D printing technologies and the increased production cost of commercial grades of 3D printing plastics may provide certain setbacks to the growth of the market. However, the lack of adoption of new technologies in emerging economies like Asia Pacific, Middle East & Africa and the environmental regulations related to the disposal of 3D Printed Plastic products might hamper the development of the market in the upcoming forecast period.
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The segmentation of the 3D Printing Plastics Market is carried out on the basis of Type, Form, Application, End-Use Industry and Region.
On the basis of Type, the market is segmented into acrylonitrile butadiene styrene, photopolymer, polyamide, polylactic acid among others. The photopolymer segment is accredited with the principal market share in 2017, and the polyamide segment is anticipated to be among the rapidly growing market throughout the forecast period.
Based on Form, the market is segmented into filament, powder, liquid and ink. The filament segment dominated the 3D Printing Plastics Market from 2017 and the powder segment is expected to record the highest CAGR in the approaching years.
On the basis of Application, the market is divided into prototyping and manufacturing. The prototyping segment controls the major market share in 2017 and the manufacturing segment is expected to develop at a high CAGR through the forecast period.
On the basis of End-Use Industry, the market comprises of Aerospace & Defense, Automotive, Healthcare, Electrical & Electronics. The healthcare segment of the market held the major market share from 2017 and is likely to expand at a high CAGR through the forecast period.
The Regions shaping the market’s growth are Asia Pacific, Europe, North America, Latin America, Middle East, and Africa.
Detailed Regional Analysis
The regional analysis of the 3D Printing Plastics covers regions such as Asia Pacific, Europe, North America, Latin America, Middle East and Africa. The North American region accounted for the largest market share in the printing plastics market due the presence of established competitors in the regions along with escalating demand for 3D Printed Plastics. The positive adoption rates of 3D printing technologies are projected to spur the growth of the market further. The Asia Pacific market is observed to be the fastest rising region in the 3D Printing Plastics Market in the forecast period. Improved demand stemming from end-user industries in the market is expected to push the development of the market in the upcoming period.
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The competition in the market is increasing steadily as new contenders are entering the market. The increasing popularity and demand for 3D printing on plastics is anticipated to modify the market favorably in the forecast period. The cost-effectiveness of 3D printing on plastic is expected to benefit the market’s expansion in the forecast period positively. Moreover, the innovations in the market are expected to reflect positively on the market’s progress in the coming years.
The market contenders such as 3D Systems, Inc. (US), BASF SE (Germany), Stratasys Ltd. (US), Royal DSM N.V. (The Netherlands), SABIC (Saudi Arabia), Evonik Industries AG (Germany), EOS GmbH Electro Optical Systems (Germany), HP Development Company, L.P. (US), Materialise (Belgium), Clariant (Switzerland), DowDuPont, Inc. (US), CRP Group (US), Arkema Group (France), ENVISIONTEC, INC. (Germany), and Oxford Performance Materials (US) are expected to modify the market greatly in the forecast period.
The global smart materials market is projected to witness a rapid growth during the forecast period. The study indicates that chemical composition present in the smart materials are responsible for the characteristics of the smart materials it displays. Its response varies depending on the chemical composition of the smart materials used. It is observed that smart materials are dynamic in nature and react to external environments by adapting their properties.
The global smart materials market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest share as compared to other regions, the Smart Materials market in Europe market is expected to witness a significant growth and hold the second largest market share during the forecast period. Countries such as France, Italy, and Germany are anticipated to drive the growth of the smart materials market owing to the presence of established automotive industry. The rapidly growing demand for structural materials and mimetic materials has been the main growth driver of the smart materials market in this region. The adoption of new methods in the domains of monitoring of structural health, environmental control, and vibration control is also responsible for the development of the smart materials market in this region.
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In the global smart materials market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor costs coupled with the reduced costs associated with raw materials.
The global smart materials market is projected to reach USD 73 billion at a CAGR of over 14% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Materials Market Research Report-Forecast to 2023”.
Smart Materials Market Segmentation
The global smart materials market is segmented by products and application. By product segment, the market consists of piezoelectric materials, shape memory materials, electrostrictive materials, magnetostrictive materials, phase change materials, electrochromic materials, and others. By application, it is segmented into actuators & motors, transducers, sensors, structural materials, and others.
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Some of the key players in the market: APC International (U.S.), Harris Corporation (U.S.), CeramTec (Germany), Kyocera Corporation (Japan), TDK Corporation (Japan), Noliac A/S (Denmark), Wright Medical Group, Inc. (U.S.), Channel Technologies Group (U.S.), LORD Corporation (U.S.) among others.
Market Research Analysis
The North American market is witnessing rapid growth due to technological advancements and increasing demand for Smart Materials across different industry verticals in this region. U.S. holds majority of the market share both in terms of revenue as well as adoption of advance solutions.
Thermoplastic is an organic material that melts at specific high temperature and on cooling it gets hardened. Thermoplastic material becomes moldable when heated and can be given desired shapes. Chemically, thermoplastic materials resemble to rubber and physically they are as strong as aluminum. They exhibit many desired properties including good thermal and electrical resistance, greater resistance to abrasion, and good operational ability under high pressure. In addition to this, the thermoplastic composites exhibit better fatigue properties over traditional materials such as metal and wood and undergoes high load without deformation. Global aerospace & defense industry is making maximum use of thermoplastic composites in manufacturing both fuselage and machinery. The new range of wide and light bodies aircrafts manufactured by leading aerospace industries using more than 50% of composites. This, in turn is expected to drive demand of the thermoplastic composites. The environmental concern necessitate the world to find greener alternative for power generation. Wind energy came up as a solution to this problem. Both developed and developing countries are investing significant shares of their GDP wind energy, which may fuel the demand of thermoplastic composites.
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Key Players and Competitive Analysis:
Key players in the Global Thermoplastic Composite Market are DuPont (U.S.), Arkema Group (France), SGL Carbon SE (Germany), Celanese Corporation (U.S.), DSM N.V. (Netherlands), Koninklijke Ten Cate bv. (Netherlands), SABIC (Saudi Aarbia), TEIJIN LIMITED (Japan), LANXESS (Germany), BASF SE (Germany), and others.
The study was conducted using objective combination of primary and secondary information including inputs from key participants in the industry. The report contains comprehensive market and vendor landscape in addition to SWOT analysis of key vendors.
The global thermoplastic composite market has been segmented on the basis of product type, fiber type, end use industry and region. On the basis of product type, the market is divided into, short fiber reinforced thermoplastic (SFRT), long fiber reinforced thermoplastic (LFRT), continuous fiber reinforced thermoplastic (CFRT), and glass mat thermoplastics (GMT). Among these types, SFRT is holding major share of overall demand of thermoplastic composites. SFRT is an easily moldable material which is primarily used to manufacture parts of aircraft and defense equipment. Easy processing and ability of SFRT to be recycled from scrap offers significant cost effectiveness over the other types. Its application can be found in automotive, electrical & electronics industry, and chemical processes as well. LFRT is another important product type of thermoplastic composites which primarily used in making part of automotive industry. Their structural properties and low cost per part enabled it to replace is metal counterparts in automotive industry. Advent of new organic long fibers offer greater recyclability, which would mitigate environmental concern regarding its dispose and help increase its usability. GMT is different from the injection molded reinforced thermoplastics and offer better mechanical properties. It is used in underbody shields, seat structures and front-ends in automotive.
Thermoplastic composite are divide into glass fiber and carbon fiber based on the type of fiber used in the composite. Glass fiber composite is a majorly used thermoplastic composite due to its superior priorities such as greater flexibility, strength, durability and chemical stability. Glass fiber based composites can be manufactured in less complex and cost effective way, which increases its usability in almost all end user industries of thermoplastic composites. Carbon fiber is an extremely light fiber reinforced material, which find its applications in many end use industries such as building & construction, sports goods and automotive.
Based on end use industry, the global thermoplastic composite market is segmented into aerospace & defense, wind energy, automotive, building & construction, sports, electrical & electronics and others. Aerospace & defense industry is gaining momentum around the world owing to the competition among the leading economies namely U.S, India, Russia, and China. The global aerospace market which includes designing and manufacturing of aircrafts as well as spacecraft is set to witness the highest growth among all the end use industries of thermoplastic composite. This, in turn is expected to fuel the demand of thermoplastic composites. Following aerospace industry, the global wind turbine composite market is growing at substantially highest CAGR and expected to reach ~ USD 12 billion by the end of 2023, which is attributed to an increasing demand of green energy with lesser carbon footprint. In addition to this, defense sector of major military powers namely, U.S., Russia, China, and India is flourishing with the increased defense spending by these countries to enhance their military capabilities. This, in turn is projected to boost the demand of thermoplastic composite in making lighter and stronger warfare grade military vessels, fighter jets, and other defense equipment. Moreover, there is an increasing demand of light weight automobiles to enhance fuel efficiency which is anticipated to propel the growth of global thermoplastic composite market.
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The global thermoplastic composite market is geographically divided into five key regions which are Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the leading region among them owing to the increasing demand from aerospace & defense and wind energy sector in this region. Countries namely India, China, and Japan are leading markets in this region owing to the growth in demand from major end use industries such as aerospace & defense, automotive, and building & construction in these countries. North America is the second most significant region in the global thermoplastic composite market. U.S. is the largest market in this region due to the presence of well-established and leading end use industries such as aerospace & defense and sports industry. Europe is another substantial region in the global thermoplastic composite market. The major markets in this region are Germany, U.K., France and Italy, where there is a growing demand of thermoplastic composites by automobile industry. Industrialization in Latin America is on the rise with pacifying political and economic scenario in Brazil and Colombia. During the forecast period the region anticipated to hold significant share of the global thermoplastic composite market. The Middle East & Africa is holding relatively lesser shares in the global thermoplastic composite market. It is anticipated to witness growth in coming years on account of hitherto untapped growth opportunities in composites and core material market.
The trend is shifting to decorative & durable architectural glass for both exterior & interior applications by replacing ordinary wall, which is majorly driving the global ceramic inks market. Furthermore, rising preference for ceramic tiles over ordinary painted walls for both exterior & interior building applications is expected to boost the global ceramic inks market growth.
The global ceramic inks market is segmented by technology, application, end-use industry, and regions.
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On the basis of the printing technology, the global ceramic inks market is segmented into digital printing technology and analog printing technology. The digital printing technology is expected to account for the largest market share under technology category due to its various advantages such as less time consumption, less labor requirement, and high-performance efficiency over analog printing technology and is expected to continue growing over the forecast period.
On the basis of the application, the global ceramic inks market is segmented into ceramic tiles, architectural glasses, automotive glasses, food & beverages containers, cosmetics containers, and others. The architectural glasses accounted for the largest consumption of ceramics inks in 2017 owing to growing construction industry across the globe and is expected to continue exhibiting strong demand during the forecast period 2018-2023. Ceramic tiles held the second largest share of the global market after in 2017 and are expected to show a considerable demand during the forecast period, 2018-2023.
On the basis of the end-user industry, the global ceramic inks market is segmented into building & construction, automotive, packaging industry, and others. The building & construction segment accounted to have the largest market share of ceramic inks in 2017 due to the wide consumption of ceramic inks for architectural glasses and ceramic tiles applications.
The global ceramic inks 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 dominate the global ceramic inks market, followed by North America, which is further trailed by Europe. The Middle East & Africa and Latin America are also expected to drive the demand for ceramic inks mostly due to their growing building & construction industry and are expected to show a substantial growth during the forecast period.
Some of the major players operating in the global ceramic inks market are Ferro Corporation (US), Zschimmer & Schwarz (Germany), Torrecid Group (Spain), FRITTA (Spain), Colorbbia Italia S.p.A. (Italy), Sicer S.p.A (Italy), Esmalglass – Itaca Grupo (Spain), Sun Chemical (U.S.), Kao Chimigraf (Spain), and Tecglass (Spain).
Photovoltaic Coating Market – Overview
Photovoltaic Coating also known as PV Coating or photovoltaic films are developed using organic photovoltaic technology & chemicals. These coatings are applied to convert various surfaces like windows, roof, street or wall in to solar energy receptor. Meaning after applying these coatings any surface can convert sunlight into electric energy.
Photovoltaic Coatings applied on solar panel assure collection of solar energy without needing the silicon wafer, therefore saving almost 98% of the amount that would have otherwise been spent on semiconductor materials. Hence, it is fair to be said that the PV coating has the potential to be as efficient as silicon wafer technology that offers cost savings to manufacturers & consumers alike.
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Increasing population worldwide, along with the increasing industrialization & urbanization is prompting the need for energy more than ever. At the same time, growing ecological concerns are promoting utmost use of clean & sustainable energy generated by renewable energy sources like Solar/wind/water. Out of these solar energy being the most abundant renewable energy type, is considered as the most important for meeting the future energy demand of the planet.
Usages of Photovoltaic Coating have proven to be far more efficient, cost effective & practical way to increase the solar power generation. Owing to this efficacy, the market of Photovoltaic Coating is not only increasing but also perceiving escalating heights on the global platform.
Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) has recently published a study report. In its report MRFR foretells that the global Photovoltaic Coating market is expected grow exponentially by 2027, registering a fabulous CAGR during the forecast period (2017 – 2027).
In addition, factors that propel the market growth include; consumer awareness towards the advantageous Photovoltaic Coating, rising consumption of electricity coupled with the massive hike in pricing of electricity and natural gas is expected to nurture the solar technology & consecutively the market growth of Photovoltaic Coating.
Moreover, automotive applications of Photovoltaic Coating are enabling Electric Vehicles on the go or while standing in the parking lot to generate electricity to power up its electronics or charge its battery making it self-sufficient & greener. Hence, uptake of Photovoltaic Coating for automotive applications are increasing rapidly, this is ultimately, driving the market growth by leaps & bound.
On the other hand, factors such as the cost of Photovoltaic technologies which is slightly on the higher are likely to hamper the market growth during the forecast period. However, technological advancements expected to be transpired in the recent future will certainly provide cost effective solutions which will drive the market growth continually. Worldwide Photovoltaic Coating Market – Segmentation
The Photovoltaic Coating Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding; By Coating Types : Comprises Water Borne, Powder and solvent borne. By Applications : Automotive, Construction and textile industry among other.By Regions : North America, Europe, APAC and Rest of the World. Worldwide Photovoltaic Coating Market – Competitive Landscape
The Photovoltaic Coating Market appears to be highly competitive owing to the presence of numerous well-established vendors. Owing to the low product differentiation and availability of a wide range of similar products; vendors are increasingly focusing on reducing the brand recall of their products among consumers through effective marketing communications. The Photovoltaic Coating Market demonstrates a high potential growth due to which several new entrants are expected to get attracted to this market during the anticipated period.
Industry/ Innovation/Related News:
March 03, 2017 – Research Study published – Scientist from the Karlsruhe Institute of Technology (Germany) presented their proving that the sunglasses with semitransparent organic photovoltaic coating can generate solar power. These researchers developed sunglasses with colored, semitransparent organic PV coating applied on to the both sides of lenses connected to a microprocessor and two displays integrated into the eyeglasses with electric power. These researchers also assert that the same technology applied on the architectural windows can provide both power and a view.
March 14, 2018 – 3D Micromac AG (Germany) a leading provider of laser micromachining systems and R2R laser systems for the photovoltaic & medical device/electronic introduced Clean Scribe technology for microDICE TLS laser micromachining system for particle-free dicing of SiC wafers
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Worldwide Photovoltaic Coating Market – Regional Analysis
Geographically, Asia-Pacific region accounts for the largest market share owing to the numerous ongoing & upcoming projects for Photovoltaic. Simultaneously, factors such as increasing demand for power, which is fuelled by the growing population, industrialization, urbanization & improving economic conditions along with the awareness towards the renewable energy sources; provide impetus to the regional market growth. While, factors such as technological advancements coupled with the presence of major market players in these regions; entitle Europe & North America as the predominant markets of Photovoltaic Coating.
AdBlue Market Global Market – Overview
AdBlue is a non-hazardous solution, consisting 32.5% urea and 67.5% de-ionized water. This urea solution is consumed during selective catalytic reduction (SCR), which is sprayed into the exhaust stream. It is burnt at very high temperatures for breaking harmful nitrogen oxides produced by diesel engines into harmless nitrogen and water. The market is driven by various factors such increase in the use of selective catalytic reduction technology, stringent government regulations for the use of diesel exhaust fluid, and increase in production of vehicles. The Ad Blue has various constraints that hinder the market such as increase in sale of electric vehicles has restrained the use of diesel exhaust fluid.
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Selective Catalytic Reduction is the most effective technology that is used to reduce harmful emission from the exhaust system. This technology injects urea through a catalyst in the exhaust system of diesel engines. The urea that is used as a diesel exhaust fluid converts nitrogen oxide in nitrogen and water. SCR technology is mainly used to reduce nitrogen oxide emission upto 90%, at the same time reducing HC and Co emission by 50-60%. SCR systems are also attached with the diesel particulate filter in order to reduce greater emission that can harm the environment. The increased use of SCR for the reduction of emission allows more light duty vehicles to meet the requirement of EPA emission regulations.
SCR technology is mostly used in Europe’s Heavy duty trucks and bus manufacturers where the urea is certified, and is known as AdBlue. Urea SCR has been preferred by a number of manufacturers as a technology that meets the requirement of Euro V standard. This increased use of SCR technology in diesel exhaust fluid, is expected to lead to the growth of diesel exhaust fluid market in the forecast period. The first diesel truck was launched in Japan by Nissan Diesel that was equipped with this technology and currently it is the most trending technology for the emission reduction.
The manufacturer who wants to certify the engine and vehicle has to first demonstrate that the emission control systems are durable and would not harm the environment. For the control of emission, the government has set some regulations in order to protect the environment. API Diesel Exhaust Fluid (DEF) certification program is a government program that is set to certify and monitor the quality of the diesel exhaust fluid used in diesel engine vehicles. Manufacturers who have satisfied the requirements of ISO 22241 (Diesel engines – NOx reduction agent AUS 32), have the license to display the mark of API Diesel Exhaust Fluid Certification.
The U.S. Environment Protection Agency (EPA) has set a criteria for the minimal refill of diesel exhaust fluid in order to reduce the nitrogen oxide emission. The increase in stringent government regulations has enabled the vehicle manufacturer to use diesel exhaust fluid in order to reduce emission. This increase in use of diesel exhaust fluids, will lead to the growth of this market.
Shell, BASF, Bosch, Daimler AG, Fiat group automobiles, Nissan chemical, Komatsu, Kruse Automotive, Alchem AG, Mitsui Chemical, and Yara and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global AdBlue market.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Ad Blue Market are that of new product development.
On November 2017, Yara International acquired leading nitrogen provider Agronomic Technology Corp (ATC), in U.S. so as to improve the sustainability of farmer profitability.
On February 2015, Cummins Filtration had introduced Lube filtration for ISX15 diesel engines. This development will bring change in the performance of heavy-duty diesel engine market.
In 2015, Brenntag entered in the agreements to acquire J.A.M. Distributing Company, LLC and G.H. Berlin-Windward to provide services to industrial, commercial, automotive, and marine end markets.
AdBlue Market – Segmentation
The global AdBlue Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Packaging, Equipment, Can, Tank, Drums, Pistol, Container and Pump
Segmentation by Application: Comprises Railway and Commercial Vehicle
Segmentation by Method: Comprises SCR, EGR and Post combustion
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Ad Blue Market: Regional Analysis
North America has witnessed the most significant increase in capacity of Nitrogen in the coming years. North America is the third largest region in nitrogen consumption, following India and China. This increase in the consumption of nitrogen have led to the growth of urea demand, which will drive the diesel exhaust fluid market. In 2015, CF Industries had started a new urea plant in Donaldsonville in order to cater North America region. North America is mainly dependent on import of nitrogen, due to which the market is expected to growth in the forecast period. This dependency on nitrogen will lead to the growing consumption of urea, which will drive the AdBlue market.
Asia Pacific is one of the largest consumer of fertilizers in the world due to increase in the consumption of nitrogen and urea. The major dependency of urea in India is due to the imports of nitrogen and phosphate. This dependency will lead to the growth of the urea market, which will indirectly drive the growth of diesel exhaust fluid market. The consumption of fertilizers in South Asia is more as compared to other region due to which Asia Pacific is expected to be the largest market in the forecast period.
The global High Purity Alumina Market, during the forecast period, will register growth at a CAGR of 19.4%. The market for high purity alumina is set to reach US$9,990.2 million by 2025. As per market analysts, the global High Purity Alumina Market is anticipated to witness growth owing to the factors such as collective demand in smartphone applications as well as increasing demand for lithium-ion batteries. However, the market will face challenges and restraints due to limited knowhow on the technical expertise and unfavorable government policies during the forecast period.
Increased use of electric vehicles around the world in the market is set to play a key role in determining the growth potential during the coming years. Analysts have also studied the High Purity Alumina Market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across type and applications segments, factors such as rule relating to residues from the production of alumina could slow down the market’s growth worldwide.
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The High Purity Alumina Market has been segmented into type and applications. Based on the segment which is type, the market is categorized on the basis of 4N, 5N and 6N. The global market for high purity alumina is further segmented based on applications into LED, phosphor, semiconductor, and others.
The global High Purity Alumina Market research report covers all the aspects of the market based on the segmental analysis of these type and applications segments. Analysts have also studied the global market’s regional markets spread across many continents and countries. The type and applications segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.
Strict environmental regulations on residues may hinder the High Purity Alumina Market growth. The market research report suggests that companies in the market could be supported by augmented use of electric vehicles as well as increasing application in smart devices during the forecast period. The High Purity Alumina Market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global High Purity Alumina Market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for high purity alumina during the forecast period. The High Purity Alumina Market is set to witness tremendous growth across LED, semiconductor, and phosphor segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.
The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The High Purity Alumina Market report covers all such regions including the Middle East, Africa, Brazil, and others.
High purity alumina has seen increased demand over the years, due to growing demand for led lightings and growing demand for lithium-ion batteries. Companies functioning in the global High Purity Alumina Market are also being challenged due to concerns over environmental issues and strict regulations as well as slow demand. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period. As the High Purity Alumina Market is set to register a high CAGR of 19.4%. and is also anticipated to reach a US$9,990.2 million by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period.
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The U.S. subsidiary of Novelis Inc. agreed to purchase the Aleris corp aluminium processor for $2.6 billion, which provides a foothold in supplying the airspace market and other value-added companies internationally, Hindalco Industries Ltd HALC.NS said. The Indian conglomerate Aditya Birla Group, owned by Hindalco, grew to become a value-added aluminium firm when, in 2007, it purchased $5.9 billion of the Novelis aluminium re-rolling business. The transaction for Aleris will be the first takeover of the company since then and will raise its manufacturing potential by about one fifth to 4.4 million tonnes, and is one of the world’s largest providers of aluminium sheeting for drink cans and car parts.
According to MRFR analysis, the Global Specialty Glass Market is expected to reach a value of USD 35 Billion by the end of 2025 registering a CAGR of 7%.
Specialty glass is high valued products for technical applications such as glass tubes, optical and ophthalmic glass, display panels, lighting glass, and glass ceramics. The growth of the electrical & electronics & construction industries is expected to drive the growth of the specialty glass market during the forecast period. Furthermore, socio-economic factors such as increasing disposable income, changing lifestyles, increasing population, rapid urbanization, and economic growth are expected to support the growth of the global specialty glass market.
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Pricing and Regulatory Analysis
The prices of specialty glass increased in the past couple of years due to continuous increase in raw material cost and energy cost. Moreover, stringent environmental regulations set by regulatory bodies such as Integrated Pollution Prevention and Control (IPPC), International Finance Corporation (IFC), REACH, and US Environmental Protection Agency are expected to influence the pricing and the trading. The global specialty glass export value increased by around 5% and import value increased by around 4% in 2018. The specialty glass is traded under the HS codes 7011, 7014, 7015, and 7017.
By End-Use Industry
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