Stearic Acid Market Research: Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027

Stearic acid is a saturated fatty acid found in various animal and plant fats. It is used in various applications such as skin & hair care products, detergents & soaps, pharmaceuticals, food products, textile sizing, agrochemicals, and rubber processing. It is widely used in the cosmetics products owing to its ability to lower the surface tensions of oils and keep the products potent if stored for longer period. Due to its emulsifying property, it is vastly preferred in the personal care products. The product use in the detergents and soaps is increasing owing to strong surfactants and cleansing properties. Rising demand for the stearic acid in the textile industry for softening the fabric is driving the market growth. Growing healthcare industry is fuelling the product demand for nutritional supplements and reducing visceral fat & inflammation. It is increasingly used in the pharmaceuticals in the tablets, ointments, and suppositories. Stearic acid finds application in the candles in place of paraffin as hardener substance when mixed with sugar and corn syrup. The product consumption in agrochemicals as fungicides, reactive intermediaries, and to enhance viscosity is propelling the market growth.

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Market Segmentation

The global stearic acid market is segmented into applications, and end-use industry, and region.

On the basis of application, the global stearic acid market is divided into cosmetics & personal care, detergents & soaps, food products, pharmaceuticals, textile sizing, rubber processing, agrochemicals, and others.

Based on the end use industry, the global stearic acid market is segmented into personal care, food and beverages, healthcare, textile, automotive, agriculture, and others

Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

Asia Pacific is leading the global stearic acid market owing to expanding consumer base and rising demand for the cosmetics. Increasing spending by the young population on the cosmetics products for personal appearance is propelling the market growth. Additionally, growing demand for the nutritious supplement as a result of rising health concerns among the consumers is stimulating the product demand in this region.

North America and Europe are another prominent regions in the market with growing personal care and healthcare industry coupled with the high purchasing power of the consumers.

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Competitive Analysis

Some of the prominent players in the global stearic acid market are Wilmar International Ltd (Singapore), Croda International Plc (UK),  Akzo Nobel N.V. (Netherlands), Deeno Group (China), Emery Oleochemicals (Malaysia), Godrej Industries (India), Oleon (Belgium), Pacific Oleochemicals Sdn Bhd (Malaysia), Kaula Lumpur Kepong Berhad (Malaysia), kao Corporation (Japan), Cayman Chemical (U.S.), Procter and Gamble (U.S.).

Aramid Fiber Market Analysis: Size, Share, Trends and Industry Demand by 2027

Aramid fibers are polyamides containing at least 85% amide linkages directly attached to aromatic rings. Various types of aramid fibers include meta and para aramid fiber. Meta-aramid fiber is projected to be the leading segment due to its high use in electrical insulation and security & protection applications. These aramid fibers have properties such as high thermal, chemical resistance, and dielectric coefficient, which makes them suitable for fire resistant clothing and electric insulation. Among the various applications of aramid fiber, the security & protection is the leading segment owing to the high demand for protective clothing in defense and industrial sectors. The optical fiber and electric insulation together hold a significant market share on account of the high demand for electronics and consumer goods along with the high disposable income and changing lifestyle. They find their use in major end-use industries such as aerospace, defense, and automotive. The increasing R&D in aerospace sector has augmented the market growth. Furthermore, the demand for lightweight, durable, and efficient automotive is projected to fuel the global market growth during the review period.

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Market Segmentation

The Global Aramid Fiber market is segmented on the basis of the type, application, and end-user industries.

Based on the type, the global aramid fiber market is segmented as meta-aramid, para-aramid, and others.

The market is segmented on the basis of its application into security & protection, frictional materials, rubber reinforcement, optical fiber, electrical insulation, and others.

On the basis of the end-user industries, the global aramid fiber market is segmented into aerospace & defense, automotive, consumer goods, marine, and others.

Regional Analysis

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

The growing product demand from end-use industries such as defense, automotive, and consumer goods in Asia Pacific is the major driver of the market. The high production and sales of automotive and consumer goods in countries such as India, China, and Japan have contributed to this growth.

The high demand from the defense and automotive sector in the U.S. is the major driving factor of the market in North America.

Europe is growing due to the high production and sales of various automotive parts in western European countries.

The growing automotive sector in Mexico is driving the Latin America market.

The substitution of steel and asbestos in various construction activities is driving the market in the GCC countries.

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Competitive Analysis

Some of the leading manufacturers operating in the global aramid fiber market are TEIJIN LIMITED (Japan), Yantai Tayho Advanced Materials Co., Ltd (China), HYOSUNG (South Korea), Toray Chemicals Korea Inc. (South Korea), KERMEL (France), Kolon Industries, Inc. (South Korea), Huvis (South Korea), China National Bluestar (Group) Co. Ltd. (China), SRO Aramid (China) Co., Ltd. (China), and IBIDEN CO., LTD (Japan).

Spunbond Nonwoven Market: Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2027

Global spunbond nonwoven market is segmented on the basis of the function, method, polymer type, application, and region.

On the basis of the function, the global spundbond nonwoven market is bifurcated into disposable and non-disposable. The disposable spunbond nonwoven is leading the market due to the environment concerns associated with non-disposable products.

Spunbonding is achieved through a sequence of three processes: heating, flowing, and cooling. The different heating methods are used while manufacturing spunbond nonwoven include conduction, convection, and radiation. The conduction is used for calendar bonding, convection for bonding medium and heavyweight nonwovens, whereas radiant heating systems are used for various applications where instant heating and concentrated heating zones are required.

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Spunbonding is carried out of various types of polymers such as polypropylene, polyester, nylon, polyethylene, polyurethane, and rayons. The polypropylene is the dominating type due to its high yield (fiber per kilogram) and low cost. The polypropylene scrap is readily recycled in spunbonding manufacturing.  However, the polyester offers better quality products at higher cost.

The global spunbond nonwoven market is also segmented on the basis of its application into medical & personal care, automotive, agriculture, geo-textiles, industrial, packaging, and others. The medical & personal care segment is holding the major share of the global market owing to the use in manufacturing wet wipes, absorbent hygiene products, surgical masks, gowns, sanitary napkins, and drapes.  The product is extensively consumed in the manufacturing of interiors, seating components, door trim panels, airbag covers, carpets, and insulation in the automotive. It is also used in crop cover, fruit net, shade net, and others, which are expected to drive the product demand in the agriculture sector. The increasing demand for polyester felts, filtration, and separators in geo-textiles is likely to fuel the market growth. Similarly, the market is expected to experience high demand from the electronics sector for industrial insulation, protective applications, and cable wrapping.

Regional Analysis

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

Asia Pacific accounted for the major share of the global spunbond nonwoven market in 2016 due to high demand from major end-use industries such as personal care, automotive, agriculture, and others in the region.

The high demand from the healthcare and automotive industries in the U.S. and Canada is expected to drive the North American market over the forecast period 2018-2023.

The growth of the European market is attributed to the increased product demand from the healthcare and automotive sector in the Western European region.

The Latin American market is expected to witness a high growth owing to the high demand for spunbond nonwoven from the personal care and automotive sector.

The increasing infrastructural and construction activities in the GCC countries is likely to fuel the product demand in the manufacturing of geo-textiles.

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Competitive Analysis

Some of the manufacturers operating in the global spunbond nonwoven market are PEGAS NONWOVENS Czech s.r.o. (Luxembourg), DuPont (U.S.), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), Schouw & Co. (Denmark), TORAY INDUSTRIES, INC. (U.S.), Mogul Co., Ltd. (Turkey), KURARAY CO., LTD. (Japan), Kolon Industries, Inc. (South Korea), Berry Global Inc. (U.S.), Radici Partecipazioni SpA (Italy), KCWW (U.S.), Avgol Ltd. (Israel), Fitesa S.A. (Brazil), and Sunshine Nonwoven Fabric Co., Ltd. (China).

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

Cellulose acetate is available in two types namely fiber and plastics. The fiber segment dominated the market in 2016 owing to its easy availability. The fiber type cellulose acetate held major of the global market share in 2016 due to its extensive use in the manufacturing of cigarette tows and textiles. Acetate fibers are fast-drying, wrinkle resistant, and soft used for dresses, draperies, carpets, umbrellas, and others. It is used in the manufacturing of cigarette tows due to its high heat stability, high absorptivity, and biodegradability. The biodegradable nature of cellulose acetate is likely to offer substantial opportunities to the plastic type cellulose acetate in the mature markets such as the U.S.

The application segment includes textiles & apparels, cigarette filters, photographic films, tapes & labels, spectacle frames, and others. Growing demand from the textiles & apparels industry is majorly driving the global cellulose acetate market growth. This growth is attributed to various properties that the product offer such as soft nature, heat-resistance, and comfort. The increasing use of cellulose acetate as a replacement of silk owing to its low cost is expected to fuel the growth of the textile industry. The product demand from ophthalmology industry for manufacturing frame-wears is expected to fuel the market growth during the review period. However, the demand for cellulose acetate in photographic films is likely to decline on account of the substitution by other low-cost effective products such as polyesters.

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Regional Analysis

Regionally, the global cellulose acetate market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global cellulose acetate market in 2016 on account of the high demand from the textiles & apparels industry. The changing lifestyle in the emerging countries such as India and China is likely to fuel the market growth

Textiles & clothing is a diverse sector playing an important role in European manufacturing industry, which is expected to drive the global cellulose acetate market. Italy, Germany, France, Spain, and the U.K are major contributor to the textiles and fashion goods that produce a wide range of products such as carpets, home textiles, cellulosic fibers, and technical textiles.

High demand from the food packaging and textiles industry is expected to drive the cellulose acetate market in the North American region during the forecast period, 2018-2023.

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Competitive Analysis

Some of the manufacturers operating in the global cellulose acetate market are Eastman Chemical Company (U.S.), Solvay (Belgium), Mitsubishi Chemicals Holdings Corporation (Japan), Celanese Corporation (U.S.), Daicel Corporation (Japan), China National Tobacco Corporation (China), Accordis Cellulosic Fibers, Inc. (U.S.), SK Chemicals (South Korea), Sichuan Push Acetati Co., Ltd. (China), Sappi (South Africa), Rayonier Advanced Materials (U.S.), and Borregaard (Norway).

Specialty Chemicals Market Trends: Share, Growth and Size by 2027

The global specialty chemicals market, during the forecast period, will register growth at a high CAGR. The market for specialty chemicals is set to reach US$1000 billion by 2023. As per specialty chemicals market analysts, the global market is anticipated to witness growth owing to the factors such as the growing application spectrum of specialty chemicals as well as demand from several large-scale manufacturing sectors. However, the specialty chemicals market will face challenges and restraints due to fluctuation in raw material prices and Industrial activities being halted during the forecast period.

Shift from commodity chemicals to specialty chemicals in the specialty chemicals industry is set to play a key role in determining the growth potential during the coming years. Analysts have also studied the market to understand potential threats and challenges the specialty chemicals market companies could face. Although the global specialty chemicals market is poised to grow at a fast pace across type and source segments, factors such as supply chain breakdowns could slow down the specialty chemicals market’s growth worldwide.

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Market Segmentation

The market has been segmented into type and source.

Based on the segment which is type, the market is categorized on the basis of agrochemicals, bio-based chemicals, construction chemicals, dyes & pigments, flavors ingredients, fragrances ingredients, personal care active ingredients, polymer additives, surfactants, textile chemicals, water treatment chemicals, and others. The global market for specialty chemicals is further segmented based on source into butane, crude oil, ethane, naphtha, propane, wood, and others. In 2017, the naphtha segment accounted for two-thirds of the specialty chemical sector.

The global market research report covers all the aspects of the specialty chemicals market based on the segmental analysis of these type and source segments. Analysts have also studied the global specialty chemicals market’s regional markets spread across many continents and countries. The type and source segments along with their sub-segments have been analyzed and companies functioning in the specialty chemicals market across these segments are profiled and analyzed based on input and feedback from specialty chemicals market based decision makers as well as primary and secondary sources. The specialty chemicals market research report presents analysis based information for companies functioning in the specialty chemicals industry.

Regional Overview

The persistent price fluctuation may hinder the specialty chemicals market growth. The market research report suggests that companies in the market could be supported by a diverse application range of specialty chemicals as well as favorable trends in the automotive industry during the forecast period. The market for specialty chemicals is set to register growth at a high CAGR owing to these key factors. The specialty chemicals industry is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global specialty chemicals market research report reveals that APAC, North America, and Europe regional specialty chemicals markets will dominate the global market for specialty chemicals during the forecast period. As per specialty chemicals market analysts, the market is set to witness tremendous growth across naphtha and bio-based chemicals segments in North America which covers specialty chemicals markets across the United States, Canada, Mexico and several other regional markets. Companies active in the specialty chemicals market are also analyzed and studied in the specialty chemicals market research report.

The specialty chemicals market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the specialty chemicals market research report covers the Asia-Pacific region covering specialty chemicals markets from India, China, Japan, Australia, and others. The specialty chemicals market is also spread across the rest of the world. The specialty chemicals market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Specialty chemicals have seen increased demand over the years, due to stringent laws on using petroleum-based products and the development of new specialty chemicals. Companies functioning in the global specialty chemicals market are also being challenged due to labor deficiencies and the surging effect of the pandemic across several sectors. Mergers and acquisitions by specialty chemicals market companies are anticipated to help the market during the forecast period. As the specialty chemicals market is set to register a high CAGR and is also anticipated to reach a US$1000 billion by 2023, the report highlights key areas companies need to focus on. The report suggests that the specialty chemicals market will see a healthy growth in the long run till 2023. Based on SWOT analysis and specialty chemicals market’s analysis based on Porters’ Five Force Model presented in the specialty chemicals market report. Mergers and acquisitions by specialty chemicals market companies are anticipated to help the market during the forecast period. 

Key market participants profiled in MRFR’s report include AkzoNobel N.V (Netherlands), Ashland Inc. (U.S.), Givaudan (Switzerland), Evonik Industries AG (Germany), Exxon Mobil Corporation (U.S.), Lanxess AG (Germany), Croda International Inc. (Switzerland), Solvay S.A. (Belgium), Lenzing AG (Austria), DowDuPont, Inc. (U.S.), Henkel AG & Co. KGaA (Germany), BHS Specialty Chemicals (U.S.), H.B Fuller (U.S.), BASF SE (Germany), and  Clariant AG (Switzerland).

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Industry News

Geo Specialty Chemicals was purchased by private equity company Arsenal Capital Partners. Financial information has not been released. Geo provides products from 19 manufacturing facilities in the US and Europe for polymers, coatings, waste management and eye glasses. Arsenal says the procurement would extend its specialist chemical network for CPS Performance Materials. This unit comprises Arsenal purchased FAR Chemicals (FAR), a manufacturer of chemical-lit light sticks and medicinal products, a producer of polymers, acquired in 2018.

Non-Woven Filter Media Market Research: Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2027

Non-Woven Abrasives are manufactured when abrasive grains are fused with nylon fibers and are bonded together with the help of synthetic resins such as phenolic, epoxy, and others. The global non-woven abrasives market is projected to grow significantly on account of increasing demand from major end uses such as transportation, building & construction, textile, electrical & electronics, industrial machinery, and others. Growing demand from transportation and electrical & electronics industry due to increasing demand of both vehicles and portable electronic devices and rising applications of abrasives in electrical industry is anticipated to drive growth of the market. Additionally, the developing countries along with developed economies are rapidly taking up infrastructural developments, wherein non-woven abrasive is majorly used. On the backdrop of the growing environmental concern and regulatory norms against the conventional fuel based automobiles around the world is fuelling demand for electric vehicles. Moreover, the global abrasive Market is estimated to grow at considerable CAGR during 2017 to 2023 to drive demand of the products forward. However, the major constraining factor operating in the market is a volatility in crude oil prices which may affect the resin prices to negatively impact non-woven abrasives Industry.

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Non-woven abrasives Market- Competitive Landscape

The global non-woven abrasives is a highly mature market with significant number of major players operating into the market. The market is primarily driven by flourishing construction, automotive and transportation equipment industry. The market is greatly concentrated by the presence of significant number of large players yet, 3M, Saint-Gobain, Mirka Ltd., Hermes Schleifmittel GmbH, Zhengzhou Kingshark Abrasives Co., Ltd. are the key manufacturers in this market. Almost all of these market participants are primarily adopting the expansion and product launch tactics to strengthen their market position. Growing automotive industries, and continuously rising demand from construction and industrial tools & equipment, along with the collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for non-woven abrasives. Considering these trends, the global non-woven abrasives market is likely to witness competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

December 8, 2017- 3M, the U.S. based technology innovation company, entered into agreement with KUKA Robotics Co., Ltd. and FERROBOTICS Co., Ltd. of Germany and unveiled the joint polishing station with the theme of “technological innovation and power-making” at 3M Shanghai R & D Centre. The leaders of the tripartite parties aspire to jointly build the first joint polishing mill in Asia and join forces to focus on the technological innovation and research and development of the grinding process and promote the revolutionary development in the grinding field.

April 20, 2017- The government of India have plans to promote use of technical textiles in the country with the textile ministry already having discussions on the subject with ministries of agriculture, urban development, health, and surface transport. The ministry plans to soon have meetings with other crucial ministries such as defence, railways, and heavy industries. This favouring conditions on part of government is anticipated to propel growth of the market in this region during the years to follow.

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October 12, 2017- The U.S. based global chemicals manufacturer and exporter, Huntsman Corporation launches a new inks for color-fast technical textiles scope of responsive inks that deliver exceptional light-and weather-fastness for digital printing of polyester strands. TERATOP® XKS HL inks are designed to enable mills to produce technical textiles with the most astounding colour -fastness performance for the automotive, outdoor furnishings and home textiles industries.

November 22, 2017- China based Hismer Bio-Tech expressed its plans to manufacture biomass fibre from an exceptionally irregular source: shrimp and crab shells. The raw material used for this purpose is around 10,000 metric tonnes of the shell waste, which is procured from from seafood preparing organizations in China’s ports of Qingdao, Yantai, Dalian and Ningbo a year for the generation of somewhere in the range of 6,000 tons of biomass fibre. It has turned into the world’s biggest marine renewable manufacturer.

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

Silicone adhesives belongs to a class of glue substances that contains silica and oxygen atoms. They are extensively used in end-use industries to impart thermal stability, lightweight and durable nature to the final product. Moreover, they also provide reliability and versatility to the product.The global silicone adhesives market is driven by the scope of its application in various sectors such as buildings & construction, medical, transportation, electrical & electronics, and others. Moreover, the medical segment is set to grow at a higher CAGR owing to the boundless use of adhesives in the sector.

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Market Segmentation:

The global silicone adhesives market is segregated into the type, technology, and application.

The market by type is classified into one-component and two-component segments. On the basis of technology, the market is differentiated into pressure sensitive adhesives, and non-pressure sensitive adhesives segments. The market by application is bifurcated into buildings & construction, medical, transportation, electrical & electronics, and others.

Market Scenario:

The one-component segment is the most widely used type in the market due to its growing consumption in heavy end-use industries such as buildings & construction, medical, transportation, and other sectors. Moreover, it is estimated that the medical segment is set to grow at a rapid rate in the market due to strength and durable nature offered by the product.The pressure sensitive adhesives is the leading technology segment in the market on account of its growing consumption in tapes, labels, gaskets, and others. These materials provide unique mechanical strength, and flexibility to the product.

The medical sector is the leading application segment in the market and is anticipated to observe a higher CAGR due to extensive use of adhesives to impart high temperature resistance, better UV stability, weather-proof, and other features to the product.

Regional Analysis:

Geographically, silicone adhesives market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a majority of the market share due to advantages offered by the product such as flexibility, unique elongation and growing consumption of silicone adhesives in major industries. North America is set to expand at a significant rate owing to growing demand for the product in buildings & construction, medical, transportation, and other sectors. In this region, the manufacturers and investors are shifting their focus from solvent-based material to water-borne products in end-use applications. Due to these changes, a phenomenal growth is expected in the region. The growing construction and medical sectors has driven the market in the European region. Due to increasing constructional activities, Latin American region is estimated to witness a good growth in the market. The rising demand for silicone adhesives in major sector is projected to drive the market in the Middle East & African region during the forecast period.

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Competitive Analysis:Some of the well-known players functioning in the global silicone adhesives market are 3M (Germany), Ashland (U.S.), AVERY DENNISON CORPORATION (U.S.), Beardow Adams (U.K.), BOSTIK SA (France.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Ellsworth Adhesives (U.S.), H.B. Fuller Company (U.S.), and Henkel AG & Co. KGaA (Germany) among others.

Marine Coatings Market: Key Player profile, Trends, Size, Share, Demand and Regional Outlook by 2027

Marine coatings are used in a wide range of applications owing to their excellent properties such as chemical resistance, corrosion resistance, and UV resistance, among others. The rising growth of the oil and gas and tourism industry across the globe is substantially affecting the growth of the marine coatings market.

The global marine coatings market has been driven by a range of application such as vessels, yachts, cruise liners, oil rigs, bridges, and other offshore structures. Moreover, it is estimated that the polyurethane resin segment is set to witness the highest growth due to its low VOC content, low-temperature flexibility, and high corrosion & abrasion resistance among others which makes it ideal for various marine coatings applications.

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Market Segmentation:

The global marine coatings market is segmented into resin type, product type, and application.

On the basis of the product type, the market is segregated into anti-corrosion marine coatings, antifouling coatings, and others. On the basis of resin type, the market is bifurcated into epoxy, alkyd, polyurethane, and others. The market by application industry is further categorized into cargo ships, passenger ships, boats, and others.

Market Scenario:

The cargo ship application segment is anticipated to observe a higher CAGR during the forecast period.

The growing international trade has augmented the demand for cargo ships which in turn is the major factor positively affecting the market growth.

Regional Analysis:

The global marine coatings market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, has boosted the use of marine coatings in the oil and gas industry.  Moreover, the development of Chabahar in Afghanistan is expected to increase the inflow and outflow of goods from India which in turn will substantially contribute to the growth of marine coatings market during the forecast years. Furthermore, the emergence of China has a major shipping hub coupled with the development of ports in the region are other factors contributing to the market growth.

The European region is estimated to witness a significant growth in the countries owing to burgeoning oil & gas and tourism industry. The growing shipping industry coupled with the increasing demand for cruise liners and yachts are other factors adding to the market growth.

The North American marine coatings market is mainly driven by the U.S. and Canada. The developed industries in the U.S has contributed to substantially to the inflow and outflow of goods from the region, in turn propelling the shipping trade which is another factor driving the market growth of marine coatings.

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Competitive Analysis:

Some of the prominent players operating in the global marine coatings market PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF SE (Germany) among others..

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

Cumene is a volatile, flammable, high boiling, and an organic compound with gasoline-like odor. It naturally occurs in coal tar and crude oil and is a blending component in gasoline. Commercially, Friedel-Crafts alkylation is used for the manufacturing of cumene.

The global cumene market is majorly driven by its use as a chemical intermediate to produce phenol and acetone. The phenol and its derivatives produced from cumene are used in various applications such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. The acetone is used as a solvent for plastics & synthetic fibers, a volatile component in various paints & varnishes, the excipient in pharmaceuticals, nail polish remover, and others.  The various technology to manufacture cumene includes zeolite catalyst based, solid phosphoric acid, and aluminum chloride. Among these, the cumene production with the zeolite as a catalyst is the leading segment due to its regenerative nature which can be used for several cycles. Further, the use of zeolite reduces the disposable water problems associated with solid phosphoric acid, and aluminum chloride. Also, these processes have disadvantages such as environmental hazard, high corrosion, and catalyst regeneration. Moreover, the use of cumene as a component of high fuel octane is further driving the market growth due to its application in automotive and transportation sector.

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Market Segmentation

The global cumene market is segmented on the basis of the product, production technology, application, and region.

Based on the product, the global cumene market is segregated into phenol and acetone.

The production technology of cumene is segmented into zeolite catalyst based, solid phosphoric acid, and aluminum chloride.

On the basis of the application segment, the global cumene market is segmented into chemical intermediate and solvent.

Regional Analysis

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

The Asia Pacific is expected to lead the global cumene market due to the high demand for phenolic based products used for various applications such as electronics, paints & coatings, automotive, and others in countries such as China, India, and Japan.

The U.S. is the major contributor to the North American market due to the high use of cumene based products in electronics such as laptops, smartphones, and others.

Europe is likely to witness a substantial market growth due to the increasing demand for cumene from plastics and composites industries.

Latin American and the Middle East & Africa are other significant regions in the cumene market primarily driven by the growing automotive sector and consumer electronics respectively.

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Competitive Analysis

Some of the prominent manufacturers in the global cumene market are Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), BASF SE (Germany), Sumitomo Chemical Co. Ltd (Japan), The Dow Chemical Company (U.S.), Westlake Chemical Corporation (U.S.), Taiwan Cement Corp. (Taiwan), Braskem (Brazil), China Petrochemical Corporation (China), and SABIC (Saudi Arabia).

Graphene Battery Market Trends: Size, Share, Demand, Key Player profile and Regional Outlook by 2027

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.