Industrial Salts Market Analysis | Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

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

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

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

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

Regional Analysis

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

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

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

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

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Competitive Analysis

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

Mining Explosive Market Analysis | Demand, Size, Share, Trends, Key Player profile and Regional Outlook by 2027

The global mining explosive market, during the forecast period 2018 to 2027, will register growth at a CAGR of 2%. The market for mining explosive is set to reach US$12,729.4 million by 2027. As per Global Market, the global market is anticipated to witness growth owing to the factors such as growing demand from the coal industry as well as rising infrastructure activity. However, the mining explosive market will face challenges and restraints due to stringent regulatory environment and workplace health-related issues during the forecast period 2018 to 2027.Increasing mineral extraction activity in the mining explosive industry market is set to play a key role in determining the growth potential during 2018 to 2027years. Analysts have also studied the mining explosive to understand potential threats and challenges the mining explosive companies could face. Although, the mining explosive market is poised to grow at a fast pace across type and applications segments, factors such as bottlenecks created due to waste issues could slow down the mining explosive market’s growth worldwide.

Get a Sample@ https://www.marketresearchfuture.com/sample_request/7169 Market SegmentationThe market has been segmented into type and applications. Based on the segment which is type, the market is categorized on the basis of ammonium nitrate explosives, ANFO, bulk emulsion explosives, cartridge emulsion explosives, and others. The global market for mining explosive is further segmented based on applications into coal mining, metal mining, quarry & non-metal mining. The coal mining market leads the overall segment, with an estimated value of USD 7,739.6 million by 2027 and a growth rate of 6.84 percent over the projected period. ANFO currently controls the mining explosive market, and its growth trajectory is expected to continue unabated until 2027, generating USD 4,403.2 million with the fastest CAGR of 2% over the forecast period.The global Market covers all the aspects of the mining explosive 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 Global Market presents analysis based information for companies functioning.Regional OverviewThe rigorous guidelines regarding manufacturing may hinder the mining explosive industry growth. The market research report suggests that companies in the mining explosive market could be supported by growing infrastructure activities as well as rapid industrialization triggered by the necessity during the forecast period. The mining explosive industry is set to register growth at a high CAGR owing to these key factors. The mining explosive industry is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global Global Market reveals that APAC, North America, and Europe regional mining explosive will dominate the global market for mining explosive during the forecast period 2018 to 2027. As per Global Market, the market is set to witness tremendous growth across type and applications segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the mining explosive are also analyzed and studied in the Global Market.The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the Global Market covers the Asia-Pacific region covering mining explosive from India, China, Japan, Australia, and others. The mining explosive market is also spread across the rest of the world. The mining explosive market report covers all such regions including the Middle East, Africa, Brazil, and others.Competitive LandscapeMining explosive has seen increased demand over the years, due to infrastructural expansion and surge in mineral extraction. Companies functioning in the global mining explosive market are also being challenged due to concerns regarding health-related issues and strict regulatory environment. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2027. As the mining explosive market is set to register a high CAGR of 2% and is also anticipated to reach a US$12,729.4 million by 2027, the report highlights key areas companies need to focus on. The report suggests that the mining explosive industry will see a healthy growth in the long run till 2027. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by mining explosive industry companies are anticipated to help the market during the forecast period 2018 to 2027.

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Industry NewsAlamos Gold Inc. has announced that a trillium acquisition deal has been concluded to pay C$25 million for cash. Trillium contains a wide area of 5,418 hectares (“ha”) right next to the Michipicoten Greenstone Ribbon, and along strike from the Island Gold Deposit. The purchase extended the land assets of the company around the Island Gold Mine substantially to 14,929 ha and increased by 57% (see Figures 1 and 2). This recently purchased property has considerable potential for exploration close to developed and regional mineral resources.

Calcite Market | Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2027

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

Market Segmentation

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

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

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

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

Regional Analysis

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

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

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Competitive Analysis

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

Aprotic Solvents Market | Key Player profile, Size, Share, Trends, Demand and Regional Outlook by 2027

The global aprotic solvents market has been segmented on the basis of source, type, end-use industries, and region.

Based on source, global aprotic solvents market has been segmented into bio-based and synthetic. Solvents derived from synthetic process have gained higher importance and has acquired a larger market share in 2017. The ease of production and its growing use in various end-use industries such as oil & gas, pharmaceutical, and paints & coatings has driven the market for synthetically derived aprotic solvents. Synthetic segment in the aprotic solvents market is expected to show remarkable growth in the forecast period.

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By type, N-methyl-2-pyrrolidone held the largest share in the global aprotic solvents market in 2017 and it is expected to continue its dominance in the review period. N-methyl-2-pyrrolidone is widely used in processing petrochemicals and formulation for drugs in pharmaceutical industries by both oral and transdermal delivery routes. The rapid growth of petrochemical and pharmaceutical industries across various regions of the globe is expected to drive the demand for aprotic solvents in the forecast years on the global level.

On the basis of end-use industries, oil & gas industries dominated the global aprotic solvents market in 2017, and it is expected to continue dominance in the review period. Aprotic solvents help to recover the hydrocarbons while processing petrochemicals. The growing petrochemical industry is attributing to the rising demand of aprotic solvents.

Regional Analysis:

Geographically, global aprotic solvents market is spanned across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific dominated the global aprotic solvents market in 2017, and it is expected to continue its dominance due to the growing pharmaceutical and oil & gas industries in this region. The ever-growing chemical industries and paints & coatings industries have boosted the demand for aprotic solvents in the North American market. European market is expected to grow at a healthy CAGR during the review period, owing to the presence of large number of healthcare industries in this region, and increased demand for aprotic solvents in this end-use industry. While Latin America and the Middle East & Africa markets are expected to show moderate and steady growth respectively in the forecast period.

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Key Players:

Some of the key players operating in the global aprotic solvents market are DowDuPont (US), BASF SE (Germany), Celanese Corporation (US), Mitsui Chemicals, Inc (Japan), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands), Mitsubishi Chemical Corporation (Japan), The Chemours Company (US), Asahi Kasei Corporation (Japan), and Ashland Inc (US).

Expandable Microspheres Market Growth | Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2027

The global expandable microspheres market is expected to witness significant growth during the forecast period owing to its increasing use in end-use industries such as automotive, construction, sports & leisure, and consumer goods. The growth of the global market is primarily driven due to the extensive use of the product in light-weighting of automobiles. The adoption of lightweight materials in automobile production to enhance fuel efficiency is a major factor expected to propel global market growth. Additionally, its use in the construction industry for thermal insulation applications is another factor driving the growth of the global market.

Market Segmentation

The global expandable microspheres market has been segmented based on type, end-use industry, and region.

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By type, the global market is divided into wet and dry. The wet type is supplied with 90% water content, which offers the advantage of a dust-free working environment and easy handling operation of the plastic microsphere. However, the dry form is ultra-light and highly fluid.

On the basis of end-use industry, the global market has been segmented into automotive, construction, sports & leisure, consumer goods, and others. The automotive end-use industry is projected to dominate the global market on account of the high production and sale of lightweight automobiles across the globe. This is attributed to the pertaining stringent regulations regarding the reduction of vehicular emission for environment protection. Moreover, the rapid growth of the construction industry due to the industrialization and urbanization as well as infrastructural development worldwide is driving the growth of the global market.

Regional Analysis

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

Asia-Pacific accounted for the largest market share in 2018 owing to the high demand for the product in construction, automotive, and consumer goods industries. The rapid industrialization and urbanization in countries such as India, Vietnam, Thailand, and Malaysia have increased construction activities, which is expected to fuel the demand for expandable microspheres in the region.

The North American and European markets are expected to witness healthy growths due to increasing investments in infrastructural development and high production and sale of automobile components in the region.

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Competitive Analysis

Some of the prominent players operating in the global expandable microspheres market are Nanjing Chemical Material Corp. (China), Mark Impex (India), Matsumoto Yushi-Seiyaku Co.,Ltd (Japan), Nouryon  (Netherlands), KUREHA CORPORATION (Japan), Dennert Poraver GmbH  (Germany­), Chase Corporation (US), Nanosphere (China), SEKISUI CHEMICAL CO., LTD. (Japan), and Shanghai Joysun Chemical Co., Ltd (China).

Isobutyric Acid Market Growth | Overview, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

Isobutyric acid is a colorless and medium boiling liquid. Generally, the esters of isobutyric acid are used as solvents for various types of end use applications wherein characteristics such as flavor and odour plays an are important. The potassium salt of isobutyric acid is effective as a solubility promoter in the caustic extraction of mercaptans from sour petroleum stocks.

Based on application, the global isobutyric acid market is segmented in to animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes and others. Food and flavors segment accounted for largest market share in the global market. The use of isobutyric acid as a sweetner and flavoring agent is expected to boost its demand in the segment in near future.

Moreover, properties of isobutyric acid such as it is high solubility in ethanol, ether and organic solvents are expected to increase its demand in applications such as chemical intermediate and pharmaceuticals.

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Market Segmentation

The global isobutyric acid market has been segmented on the basis application and region.

Based on application, the global isobutyric acid market has been segregated into animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes and others.

The global isobutyric acid market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The global isobutyric acid market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a highest CAGR owing to the increasing demand of isobutyric acid in the animal feed, chemical intermediate, food and flavors, pharmaceuticals and perfumes applications. North America is expected to witness significant growth during the forest period. This is mainly due to the growing demand for the product as a chemical intermediate for manufacturing of products such as varnishes, solvents, disinfectants, specialty chemicals, polymers and plastics.

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Competitive Analysis

Leading players in the global isobutyric acid market are Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc. (China), Perstorp Holding AB(Germany), OXEA GmbH (Germany), Blue Marble Biomaterials(U.S.), Tokyo Chemical Industry Co. Ltd.(Japan), , Snowco industrial Co., Ltd. (China) Eastman Chemical Company(U.S.) and others

Petrochemical Industry | Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

The global petrochemical market is anticipated to grow at 8.06% CAGR during the forecast period 2018-2023. Growing technological advancements and adoption of petrochemicals in numerous end-use industries will be the key factors determining the growth potential of the petrochemical market, suggest analysts. The petrochemical market report suggests that economic recession as well as impact of the pandemic will affect the market growth. During the forecast period 2018-2023 the market for petrochemical will reach US$943.5 billion by 2023. The growth in the petrochemical market to remain positive across all the application, end-use industry, region, and type segments, however, segments like aviation, building and construction have experienced increased growth during the forecast period 2018-2023.

Growing demand from a number of end-use industries and expansion of the petrochemical industry are said to be the key petrochemical market growth factors. Although, during the forecast period 2018-2023, the factors like the rising worries about the use of plastic and demand for plastic goods could hamper the petrochemical market growth. The global petrochemical market report also covers application, end-use industry, region, and type segments and in-depth analysis of Europe, Asia-Pacific, North America, and the Middle East and Africa regions.

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Market Segmentation

The global petrochemical market is segmented based on application, end-use industry, region, and type. The petrochemical market is further segmented based on application into adhesives and sealants, dyes, paints and coatings, polymers, rubber, solvents, surfactants, and others. The petrochemical market is also segmented into automotive & transportation, construction, electrical & electronics, healthcare, packaging, and others on the basis of end-use. Furthermore, the petrochemical market is categorized based on type into Benzene, Butadiene, Ethylene, Methanol, Propylene, Toluene, Xylene, and Others.

Economic recession may hinder the petrochemical market growth. The market research report suggests that companies in the petrochemical market could be supported by expansion of the petrochemical industry as well as demand from building & construction industries during the forecast period. The petrochemical market is set to register growth at a high CAGR owing to these key factors. The application, end-use industry, region, and type segments along with regional markets have been analyzed in the global petrochemical market research report. The research analysts studying the petrochemical market have put out market forecasts in the petrochemical market research report in order to support petrochemical market-based companies. The petrochemical market research report provides an extensive understanding of the petrochemical market based on the information and forecasts till 2023.

Regional Overview

The petrochemical market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global petrochemical market research report reveals that APAC, North America, and Europe regional petrochemical markets will dominate the global market for petrochemical during the forecast period 2018-2023. As per petrochemical market analysts, the market is set to witness tremendous growth across aviation, building & construction segments in North America which covers petrochemical markets across the United States, Canada, Mexico and several other regional markets. Companies active in the petrochemical market are also analyzed and studied in the petrochemical market research report.

Growth factors such as innovations in the transport and energy sectors as well as growing trading activities are set to drive the market growth across the European regional market for petrochemical. This region covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the petrochemical market research report covers the Asia-Pacific region covering petrochemical markets from India, China, Japan, Australia, and others. The petrochemical market is also spread across the rest of the world. The petrochemical market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

The demand for petrochemicals has increased significantly over the years, due to use of technical advances by customers and a boom in the extraction of shale gas. Companies functioning in the global petrochemical market are also being challenged due to the effect on the environment and growing likelihood of an economic recession. Mergers and acquisitions by petrochemical market companies are anticipated to help the market during the forecast period 2018-2023. As the petrochemical market is set to register a high CAGR of 8.06% and is also anticipated to reach a US$943.5 billion by 2023, the report highlights key areas companies need to focus on. Based on SWOT analysis and petrochemical market’s analysis based on Porters’ Five Force Model presented in the petrochemical market report 

Presence of major players, as per the petrochemical market research report will support the growth. The global petrochemical market might face slow growth due to the slowdown in demand. The report suggests that the petrochemical market will see a healthy growth in the long run till 2023. The petrochemical market research report offers detailed analysis of major organizations across the petrochemical market. The global petrochemical market research report offers analysis based on data collected from the petrochemical market’s decision makers as well as primary and secondary sources. The petrochemical market research report presents analysis based information for companies functioning in the petrochemical market.

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Industry News

BP has decided to distribute the aromatic oils and acetyls firm for $5 billion to Ineos, a former buyer of BP operations, for all of the remainder of his once spreading chemicals base. BP is one of the leading world manufacturers of refined terephthalate (PTA), also classified as polyester, as being the most significant raw material in the production of polyethylene terephthalate. It is also a significant acetic acid maker. PTA is operated in South Carolina, Belgium, and Asia. The oil company manages its PTA plants. It works in Hull, England an acetic acid plant and has smaller acetic plants in the entire region of Asia. Most PTA production of the firm has been returned to p-xylene as a raw material.

Membrane Separation Materials Industry | Key Player profile, Trends, Size, Share, Demand and Regional Outlook by 2027

Membrane separation materials are used in the membrane separation process for selective separation of components from a mixture. The membranes are designed to have a high surface porosity; provide high selectivity, good polymer flexibility, a wide range of pH stability; and be mechanically strong to obtain structural integrity. The membrane separation materials exhibit these properties and hence are mainly used for the treatment of wastewater, purification of drinking water, gas separation applications, medical applications, and industrial separations. With the growing concerns over water scarcity and the need for reuse of industrial wastewater, the demand for membrane separation process and the materials used in the process is projected to increase during the assessment period.

Market Segmentation

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

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By material type, the global membrane separation materials market has been divided into polymers, ceramics, metals, and others. The polymers segment is further divided into polyvinylidene difluoride, polytetrafluoroethylene, polysulphone, polyacrylonitrile, polyethersulphone, and others. The ceramics segment is further sub-segmented into alumina, silicon carbide, and others. The polymers is expected to be the dominant material type segment during the forecast period. This is mainly attributed to excellent physical properties including high purity, oxidative stability, high thermal and chemical stability, superior mechanical strength, solubility in typical solvents, and easy fabrication into a membrane exhibited by the polymeric materials.

On the basis of application, the global membrane separation materials market has been categorized into water treatment, food & beverage processing, gas separation, bioprocessing & medical filtration, industrial, and others. The water treatment segment held the largest market share in 2017 and is projected to be the leading application segment in the years to follow. Stringent environmental regulations pertaining to the release of wastewater in the water bodies and water security are expected to fuel the growth of the segment. The bioprocessing & medical filtration segment is expected to register the highest CAGR in the coming years on account of the advancements in the medical sector and increasing use of polymeric materials for use in blood purification, cell harvesting, and dialysis membranes.

Regional Analysis

Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the five key regions studied for the global membrane separation materials market. Asia-Pacific is projected to be the leading regional market during the forecast period owing to the presence of a significant number of water-dependent industries such as the textile, pulp & paper, and chemicals in the region and the growing environmental restrictions over the discharge of wastewater into water bodies.

The market in North America is expected to grow progressively on account of the availability of advanced technologies and high demand for water purification in the US. Moreover, the majority of the energy consumption in the industrial sector, especially the chemical industry, in the US is for distillation. The use of membrane separations instead of distillation for industrial gas separation processes is expected to be a key factor propelling the growth of the regional market in the years to follow.

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Competitive Analysis

The prominent players in the global membrane separation materials market are BASF SE (Germany), Solvay (Belgium), Arkema AG (France), The Chemours Company (US), DuPont (US), KUREHA CORPORATION (Japan), 3M (US), DAIKIN INDUSTRIES, Ltd (Japan), the Quadrant group of companies (Belgium), and Gujarat Fluorochemicals Ltd (India).

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

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

Market Segmentation

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

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

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

Regional Analysis

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

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

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Competitive Analysis

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

Calcined Petcoke Market Analysis | Trends, Size, Share, Demand, Key Player profile and Regional Outlook by 2027

The Global Calcined Petcoke Market is expected to register a CAGR of 5.5% and reach around USD 2.9 Billion during the forecast period. The growth is driven by the demand in the aluminum industry. The growth in the demand is primarily influenced by the rise in consumption of aluminum in an array of end-use industries from aerospace to equipment manufacturing. Furthermore, the ongoing initiatives to promote and commercialize the use of electric vehicles (EVs) across the globe has increased the demand for aluminum owing to its lightweight property, which is expected to positively influencing the growth of the global calcined petcoke market during the forecast period. 

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Segment Analysis

Based on applications, the global market has been segmented into aluminum, steel, titanium dioxide, plating, paint & coatings, fertilizer, and others. The aluminum segment accounted for over 35% of the market share in terms of volume and value; aluminum is the key segment that is propelling the usage of calcined petcoke. In addition, the optimistic outlook of the steel industry due to the industrial growth and infrastructure development are expected to drive the demand for metallurgical coke. The titanium dioxide is expected to be the fastest growing segment due to its application in the batteries used in EVs. The growth is attributed to the booming lithium-ion battery industry and subsequent demand for lightweight auto parts.

Based on grade, the global market has been divided into anode grade and needle grade. The anode segment accounted for the largest market share owing to the increasing adoption of anode grade calcined petcoke as the principal raw material in the production of carbon anodes used in aluminum smelting. Calcined petcoke can either be fuel grade or anode grade, anodes act as a source of carbon and conductors of electricity in the electrolytic cell, which reduce alumina into aluminum metal. The needle grade calcined petcoke is used as a high-power and ultra-high-power graphite electrode in steel making. The increasing demand for steel in automobile production is further expected to propel the growth of the needle grade segment during the forecast period.

Competitive Analysis

Some of the key players operating in the global calcined petcoke market are Metso Corporation (Finland), Garcia Munte Energia SL (Spain), Amritesh Industries Pvt. Ltd (India), Essar (India), Atha Group (India), Aminco Resources LLC (US), Rain Carbon Inc (US), India Carbon Limited (India), Bharat Petroleum Corporation Limited (India), IOCL (Switzerland), Oxbow Corporation (US), and Maniayargroup (India).

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Regional Analysis

The global calcined petcoke market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific market held the largest share of the global market followed by Europe and North America. The surge in building & construction activities, automobile production, and increasing demand for aluminum in the aerospace industry are some of the prominent factors fueling the demand for calcined petcoke across the globe. For instance, in March 2019, Salmeen Industrial Projects LLC and BSW Group Holdings opened a new calcined petcoke plant in Oman, Saudi Arabia, which is expected to produce 450,000 metric tonnes calcined petcoke annually.