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Sand blasting machines market size over $485 million by 2022: Global Market Insights, Inc.

Sand blasting machines market size is forecast to exceed USD 485 million by 2022, as per a new research report by Global Market Insights, Inc. Emergence of robotic technology for sand blasting should boost global demand. Industrial sand blasting machines market size was valued at USD 298.3 million in 2014, with forecast of USD 391.2 million by 2022.

 
This technology has been increasingly adopted to amplify the extent of sand blasting in areas where part complexity, quality control and complex process requirements are not sufficed through standard automation solutions. It provides optional features such as automatic recovery, automated media flow control, custom data collection, automatic blast pressure control, report generation, through-the-fixture back pressure control and rotary lance capabilities.

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Health hazards associated with the use of silica as an abrasive material coupled with threat of substitutes are expected to challenge growth over the forecast period.

Key insights from the report include:

  • Global sand blasting machines market was valued at USD 366.1 million in 2014, with expected revenue of USD 485.4 million by 2022, growing at 3.5% from 2015 to 2022. In terms of volume, the industry should grow at a CAGR of 5.0%, to exceed 140.1 thousand units by 2022, up from 93.9 thousand units in 2014.
  • Mini-sand blasting machines market share was over 18% in 2014, and with segment growth expectations of 4.1% from 2015 to 2022. This is primarily due to increasing deployment in household activities such as rust removal, repairing and paint removal. Additionally, increased substitution of manual labor with sand blasting for performing domestic tasks to save time is likely to boost demand.
  • Asia Pacific led the global industry with over 35% of the overall share in 2014, with forecast of 4.2% growth over the forecast period, mainly due to the considerable Chinese industry. Although sand blasting machines price trend is low in the region, high unit volumes should see sizable revenue during over coming six years. Europe may grow sluggishly compared to the global average to exceed USD 95 million by 2022.
  • The sand blasting machines market share is highly fragmented in nature, with the presence of several stakeholders. Clemco Industries, Tools USA, Trinity Tool, and C.M. Surface were among the key participants in 2014. Other notable companies include Airblast B.V, Kramer Industries, SANdBOT (JetSystem Group), Midwest Finishing Systems Inc., Norton Sandblasting Equipment, Torbo Engineering Keizers GmbH, and Sintokogio Group among others.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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Pleated filters market size to reach $14.9 billion by 2022: Global Market Insights, Inc.

Pleated filters market size is likely to be valued at USD 14.9 billion by 2022; as per a new research report by Global Market Insights, Inc. Growing need for energy conservation and low green house gases (GHG) emission devices is likely to drive demand. The market is also likely to be driven by consumer preference to install latest air conditioning systems in residential and commercial buildings. These filters also have significance in HVAC installation systems.

Germany pleated filters market size, by product, 2012 - 2022 (Million Units)

Germany pleated filters market size, by product, 2012 – 2022 (Million Units)

Air based pleated filters market share dominated the industry and accounted for more than 50% of the total demand in 2014. Growing importance of efficient equipments with for minimizing indoor contaminants is likely to drive air filters demand. Oil filters are likely to witness highest growth rates with an estimated CAGR of 7.5% up to 2022.

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Stringent regulations by governing bodies such as EPA to curb air borne diseases are anticipated to drive pleated filters market size over the next seven years. Ensuring continuous & down-flow of particulate-free fluids in oil & gas exploration and production applications is anticipated to play a major role in increasing the demand. Preference of some substitute products to remove micro-particulates is likely to challenge pleated filters industry.

Key report insights suggest:

  • Global pleated filters market size was estimated 197.2 million units in 2014 and may register 326.0 million units by 2022 growing with an estimated CAGR of 6.5% from 2015 to 2022.
  • Industrial applications dominated the overall demand and accounted for 41.9% of the total volume in 2014. Rapid industrialization in emerging economies such as  Asia Pacific & Latin America coupled with increasing investments in expansion of cement and power industries is likely to drive demand for this application. Residential applications are likely to witness moderate growth rates at CAGR of 5.7% up to 2022.
  • Asia Pacific dominated the regional market and accounted for 43.2% of the total volume in 2014 and is likely to witness highest gains up to 2022. Increasing flow of FDIs coupled with stringent regulations to curb air pollution is likely to drive regional demand.
  • U.S. pleated filters market share is likely to witness moderate growth rate with an estimated CAGR of 3.2% up to 2022.
  • The market is characterized being highly fragmented with presence of large number of domestic and international industry participants. Key companies include General Motors Company, 3M Company, Midwesco Filter Resources Inc, Donaldson Company Inc., Freudenberg & Company KG, Atlas Copco, Camfil AB and The Strainite companies. The market is also likely to increase the competition by attracting new industry participants.

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Silicone elastomers market size, share industry analysis & forecast, 2023

Global silicone elastomers market size is forecast to reach USD 12.8 billion by 2023; as per a new research report by Global Market Insights, Inc. Superior mechanical and chemical properties, compared to other elastomers and positive growth outlook across application market is likely to drive silicone elastomers market size to over 1,500 kilo tons by 2023.

U.S. silicone elastomers market size, by application, 2013-2023 (KT)

U.S. silicone elastomers market size, by application, 2013-2023 (KT)

Extended lifetime and a wide temperature operating range, low toxicity, low flammability, low smoke density, inertness to chemicals & solvents, oil & fuel resistance, and high productivity are some key attributes assisting industry penetration. Strong R&D focus for application development should create growth opportunities.

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HTV (High Temperature Vulcanize) silicone elastomer market size is forecast to witness 5.2% CAGR growth from 2016 to 2023. Room Temperature Vulcanize (RTV) industry revenue is forecast to exceed USD 1.3billion by 2023.

Silicone elastomers market share holds over 45% of the overall silicone industry. Silicone can be transformed into a number of products including adhesives, coatings, sealants, lubricants oils, and resins. Rise in ageing population and urge to stay personable in the generation are some major factors that are expected to fuel the silicone implant industry.

Key insights from the report include:

  • Global silicone elastomer market size was over USD 7.1 billion in 2015, with 7.6% CAGR expectation from 2016 to 2023.
  • Construction silicone elastomers market share is forecast to exceed USD 5.5 billion by 2023. With infrastructure spending in China, India and South-east Asia expected to rise by 10% every year; APAC will be the most attractive region for these applications.

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  • Electronic silicone elastomers market growth should be over 8% CAGR from 2016 to 2023. Healthcare is a relatively unexplored application for industry participants. Technology innovation and demographic trends are likely to offer potential growth throughout the forecast period.
  • APAC was dominated by India and China silicone elastomers market share. Other developing markets such as Middle East & Africa are projected to experience brisk growth in areas such as automotive, construction, healthcare, consumer goods and electrical & electronics.
  • South Korea silicone elastomers industry saw over 76 kilo tons consumption in 2015. Europe and North America are relatively sluggish regions. Smaller regional avenues such as Central & South America are expected to witness strong overall growth.
  • The global industry is fairly concentrated, with over 80% share being dominated by top companies. Dow, Wacker, Momentive and Shin-Etsu dominate the production landscape.
  • Industry value chain comprises raw material producers, silicone elastomer manufacturers, distributors, and end-use applications.

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Ceramic Filters Market size likely to exceed USD2.2 billion by 2023: Global Market Insights, Inc.

Ceramic filters market size was estimated at USD 899.9 million in 2015, as per the latest research report by Global Market Insights, Inc.  Environmental mandates & regulations from EPA, European Environmental agency EEA, NSF and ASTM over water treatment and pollutant emission issues from industries may favor global ceramic filters market growth.

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Industrial ceramic filter market size valuation is predicted to exceed USD 840 million and is forecast to achieve significant gains up to 2023. Strong application scope in separating suspended solids & oil in effluent treatment plants for oil refineries, chemical and natural gas processing units is expected trend to drive demand.

                               UK ceramic filter market size, by application, 2015 (USD Million)

UK ceramic filter market size, by application, 2015 (USD Million)

Hot gas filtration based industrial application is set to generate revenues over USD 335 million by 2023. Using these filters protects downstream equipment, such as heat exchangers, catalyst units, turbines and scrubbers from erosion and fouling. These processes can be intensified or simplified as well as blocked by condensation or de-sublimation can be prevented.

Key characteristics, superior mechanical strength and excellent chemical resistance, makes ceramic filter membranes preferable over polymeric counterparts. They are also required in low numbers to treat same water quantity compared to polymeric products.

Higher CAPEX may act as hindrance for market penetration which can be overcome by low maintenance & operational costs. Key raw materials, aluminum oxide, zirconium oxide & titanium oxide, face irregular supply and pricing issues and can affect the global ceramic filters market price.

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Key report insights suggest:

  • Global ceramic filters market size is forecast to grow at 12.7% CAGR and register USD 2.26 billion by 2023.
  • Ceramic water filter market size was the most dominant and accounted for over 55% of the total revenue in 2015. Growing acceptance across diverse industries coupled with supportive government measures for water treatment & safe disposal may drive demand.
  •  U.S. ceramic air filters market is presumed to grow significantly and register over USD 190 million by 2023. Industrial and commercial sectors are mandated by regulatory authorities to install air filtration systems to reduce toxic gaseous and VoC, which may boost demand in the U.S.
  • APAC, influenced by India and China ceramic filters market size, was dominant regional industry by accounting over 35.5% of the total revenue share in 2015. Large scale industry bases in China & India coupled with environmental toxicity reduction measures should drive product demand.
  • China residential application generated revenues over USD 50 million in 2015 and most likely will grow at 12.7% CAGR up to 2023.
  • Europe, dominated by Germany and UK, may register over USD 630 million by 2023.  Germany biofiltration industrial applications generated revenues close to USD 5.5 million in 2015 and are presumed to grow significantly up to 2023.
  • Global ceramic filters market share depicts low degree in backward integration and forward integration at different levels. The value chain has presence of raw material providers, system integrators, manufacturers, distributor and end-user industries.
  • Glosfume Ltd, Unifrax, 3M, Haldor Topsoe, Doulton, Tri-Mer, Pall Corporation, Clear Edge Filtration, Veolia and Corning are among prominent industry participants.

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Specialty fuel additives market size over $10.4 billion by 2023: Global Market Insights, Inc.

Specialty fuel additives market size was estimated at 1.55 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Rising biofuel industry penetration and a strong focus on improving fuel performance, especially in regards to efficiency and emissions will drive the global specialty fuel additives market.

Growing environment consciousness, mainly in EU, U.S., and China, coupled with favorable government policies to adopt sustainable resources are key trending factors to boost demand.

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Deposit control additives dominated product segment with total consumption of over 605 kilo tons in 2015. Technology advancement in injector systems and engines played a key role to stimulate market growth. These additives are used in all oil types and help to inhibit deposit formation on injector nozzles.

                  Latin America specialty fuel additives market size, by product, 2012-2023 (KT)

Latin America specialty fuel additives market size, by product, 2012-2023 (KT)

Diesel application is projected to witness significant growth of 6.7% CAGR up to 2023. ULSD adoption in major countries including U.S. and China accompanied by growing biodiesel demand may boost the market growth. Reduced biodiesel engine functionality in low temperatures conditions requires cold flow, which is another influencing demand drivers.

Growing autogas consumption owing to its environmental benefits over conventional alternatives may restrain the specialty fuel additives market growth. Governments in U.S., Algeria, Australia, India and China are promoting autogas usage and offering several benefits on certain consumption.

Cost benefits over gasoline or diesel is another stimulating factor for CNG vehicles expansion, wherein Asia Pacific is the leading market.

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Key insights from the report include:

  • Global specialty fuel additives market size analysis targets 2.48 million ton consumption by 2023, growing at 6.1% CAGR.
  • Constant focus to improve fuel efficiency and engine performance has positively driven the CI (Cetane improvers) demand. This additive is mixed with oil to increase cetane number in order to boost performance. CI product demand is set to grow at 5.8% CAGR by 2023.
  • Gasoline dominated the application segment and is set to be valued at USD 4.79 billion in 2023. U.S., the largest gasoline consumer, established Top Tier Detergent Gasoline (TTDG) standard under EPA guidelines which may positively influence gasoline based specialty fuel additive market demand.
  • North America, led by U.S. accounted for over 26% of the global volume in 2015.
  • Stringent environment regulations by Saudi Arabia coupled with introduction of Euro IV standard busses in Dubai are considered to be the major factor to foster Middle East & Africa specialty fuel additives demand. The region is set to increase with an estimated gain at 6.3% CAGR by 2023.
  • APAC, primarily dominated by India and China specialty fuel additives market, is predicted to reach over 750 kilo tons by 2023, growing at 7.1% CAGR.
  • Global specialty fuel additives market share is fairly consolidated, NewMarket, Innospec, BASF, Infineum were the top four companies. Other market participants include Afton, Albemarle, Baker Hughes, Chemutra, Chevron Oronite, Clariant International, Angus, EURENCO, Evonik, and The Lubrizol.

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Powder coating market size worth USD 15.58 billion by 2023: Global Market Insights, Inc.

Powder coating market size was 2.25 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Consumer goods and automotives are the leading revenue generating applications for powder coating industry.

Powder coating market size is set to register USD 15.58 billion by 2023. Favorable sales potential from domestic appliances including microwave ovens, freezer cabinets, and washing machines should instigate growth.

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Strong vehicle production growth in Brazil, Germany, China, and Malaysia are the driving factors across various applications which include door rims, handles, and under the hood components.

       Europe powder coatings market size, by application, (Kilo tons), 2012-2023

Europe powder coatings market size, by application, (Kilo tons), 2012-2023

Automotive applications are forecast to witness maximum growth, with expectations of 7.2% CAGR up to 2023. Major automotive consumers include Chevrolet, Lincoln, Daimler-Chrysler, Dodge, and Mercedes-Benz to use this coating in the manufacturing process.

APAC powder coatings market size for furniture applications was more than 210 kilo tons for 2015. Strong growth outlook in the Chinese metal furniture industry, owing to raw material availability may positively influence growth.

Superior properties in terms of heat and corrosion resistance has fueled the consumption in defense and outdoor home products including wheelbarrows, lawn mowers, snow shovels, snow blowers, barbecue grills, garden tools and propane tanks.

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Raw material trends are a key industry driving factor, covering over 38% of total production cost. Balanced supply will be critical for favorable powder coatings market prices. Moreover, limited wastage and ability to recycle is another positive factor to foster product demand.

Key insights from the report include:

  • Global powder coating market size is forecast at 3.82 million tons by 2023, growing at 6.8% CAGR. Environment regulations by EPA & REACH to control VOC emission will continue to aid industry development.
  • Consumer goods dominated the application segment and accounted for over 20% of the total volume in 2015, followed by general industries application, with overall consumption of over 450 kilo tons.
  • Furniture is the second fastest growing application, increasing with estimated gains of 7.2% CAGR up to 2023. Weather resistances and durability are the key product properties to drive demand in this segment.
  • Asia Pacific, led by China, Malaysia, and India powder coating market share, dominated the regional industry and accounted for over 45% of the global demand in 2015.
  • In terms of growth, Latin America is likely to be another attractive region for industry participants. Strong infrastructure spending Brazil for upcoming summer Olympics 2016 may influence demand.
  • North America, driven by U.S. powder coating market size, with consumption likely to exceed 580 kilo tons by 2023. North America automotive applications accounted for over 20% of regional volume in 2015.
  • Global powder coatings market share is moderately fragmented, with leading companies catering to under 40% of the overall demand for 2015. PPG, AkzoNobel, Axalta, and Sherwin Williams are notable market players.
  • Other market participants include DuPont, BASF, Valspar, Nippon, Kansai, Jotun, Eastman, DIC Corporation, Arkema, Bayer, and Evonik.

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Construction paints & coatings demand to drive global Methyl Ethyl Ketone (MEK) market to USD 3.64 billion by 2022

Methyl Ethyl Ketone (MEK) Market size is forecast to reach USD 3.64 billion by 2022, as per a new research report by Global Market Insights, Inc. The latest MEK market report predicts over 50% of total demand to be from paints and coatings.

Positive demand outlook for paints and coatings, on account of growing construction spending, particularly in Latin America and Asia Pacific is expected to remain a key driving factor for industry development.

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Steady automotive demand, on account of recovery from economic downturn in North America and Asia will also impact industry growth positively. Pharmaceutical and personal care industrial applications include manufacturing antiseptics, anesthetics, lotions, and drugs.

(Methyl Ethyl Ketone) MEK market size, by application, 2012-2022 (Kilo Tons)

(Methyl Ethyl Ketone) MEK market size, by application, 2012-2022 (Kilo Tons)

Printing ink applications presently account for over 200 kilo tons of global Methyl Ethyl Ketone (MEK) market size. It is extensively used and preferred solvent in printing industry owing to advantages offered such as excellent drying times, adhesion with substrates such as plastics, metals & glass and allowing formulation of specialized inks.

MEK market price trend benefited from the global crude slump, however, expected recovery in 2017 along with regulatory pressure may challenge industry profitability. Growing importance for MEK peroxides as catalysts in polymerization of polyester resins and as a cleaning agent, varnish and paint remover will drive growth throughout the forecast timeframe.

Methyl Ethyl Ketone (MEK) market exhibits a high degree of integration by major manufacturers across the value chain, where most of the producers are involved in the raw material production or has their own captive consumption.

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Key insights from the report include:

  • Global Methyl Ethyl Ketone (MEK) market size was USD 2.51 billion in 2014, with 4.8% CAGR growth expectations from 2015 to 2022.
  • Paint & coating applications will remain to be very attractive demand outlets for industry participants. However, companies may be under pressure from regulatory changes as governing agencies look to reduce VOC emissions via green solvents. Key segments include powder coatings, waterborne coatings, solvent borne technologies and specialty coatings.
  • MEK industry demand for adhesives is forecast to exceed 348 kilo tons by 2022.
  • APAC leads the regional demand, being the largest construction and infrastructure market in the world. The region is dominated by China and India methyl ethyl ketone market share, with total revenue of USD 1.35 billion in 2014.
  • U.S. MEK demand is primarily driven by its usage in paints & coatings, with emphasis concentrated on using sustainable technologies, green solvents are expected to outpace methyl ethyl ketone demand in the region.
  • Europe Methyl Ethyl Ketone (MEK) market size is poised to exceed USD 600 million in revenue by 2022. The region is heavily regulated, with product registration guidelines being very strict and relatively expensive.
  • ExxonMobil Chemical and Maruzen Petrochemical were the leading companies in the global Methyl Ethyl Ketone (MEK) market share and accounted for over 35% of overall demand in 2014 collectively.

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Synthetic lubricants market size to exceed USD 5 billion by 2023: Global Market Insights, Inc.

Synthetic lubricants market size was estimated at 652.2 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Positive automotive production landscape, particularly in Asia Pacific, along with superior performance and environmental properties will drive the global synthetic lubricants market trends.

Synthetic lubricant market size is projected to register USD 5.0 billion by 2023. Increasing focus towards natural gas development owing to strong application scope in construction, food & beverages and personal care industries, particularly Saudi Arabia, Qatar and UAE, may favor demand.

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(Group IV) PAO synthetic lubricants market size was dominant by accounting over 66% of the total demand in 2015. Increased PAO usage in automotive engines accompanied by OEM recommendations in major brands such as BMW and Volkswagen should instigate product demand.

Europe synthetic lubricants market size, by product, 2012 – 2023, (USD Million)

Europe synthetic lubricants market size, by product, 2012 – 2023, (USD Million)

Europe PAG market is poised to sustain average growth and register over USD 165 million by 2023.  Strong focus towards reducing maintenance cost and rising trend in condition based monitoring for manufacturing sector is projected to promote PAG market growth.

Asia Pacific heat transfer fluid demand may observe highest gains with 4.7% CAGR up to 2023. HTFs are used for heating reboilers and water removal in the oil & gas and chemical industries. Presence of large scale manufacturing companies in China and India may instigate product demand.

Synthetic lubricants market price are higher when compared to mineral based products which may negatively impact overall growth.

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Regulatory support towards sustainable products development in the U.S and EU accompanied by superior mechanical properties may boost biolubricants market and hamper synthetic lubricants demand.

Key insights from the report include:

  • Global synthetic lubricants market size is projected to gain growth rates at 4.2% and reach 903.0 kilo tons by 2023. Strong automobile sales outlook coupled with installation of new industrial machines, particularly in Asia Pacific, may boost demand.
  • Synthetic esters should witness highest gains, at more than 4.5% CAGR up to 2023. Rising product demand in reciprocating compressors with endorsing compressor oil use should instigate growth.
  • Engine oil applications registered close to USD 1.38 billion in revenue in 2015. Key properties, improved drain intervals, sustainable film protection and wide operating temperature, should favor demand.
  • Europe, dominated by Germany and UK synthetic lubricants market size, dominated the regional industry demand with overall consumption at above 210 kilo tons in 2015. Presence of aerospace and automotive manufacturing companies such as Airbus, Rolls Royce, Audi, BMW, Volkswagen, and Mercedes are expected trends to boost sales.
  • North America, dominated by U.S automobile industry demand, may register over USD 1.45 billion by 2023. Presence of major aviation companies including Boeing accompanied by increasing automotive production in the U.S. and Mexico are among the stimulating factors to foster synthetic lubricants market growth.
  • Global synthetic lubricants market share is fairly consolidated and was dominated by Shell, ExxonMobil, Castrol and British Petroleum, catering over 49% of overall demand in 2015.
  • Other market participants include Fuchs, Pennzoil, Amsoil, Kendall, Valvoline, Total and Chevron.

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Industrial Protective Clothing Market size over $14 billion by 2023

Industrial Protective Clothing Market size will grow from USD 5.42 billion in 2015 to over USD 14.4 billion in 2023, as reported by the latest study by Global Market Insights, Inc. Regulatory guidelines in place to enhance safety and minimize fatalities will be critical for the global industrial protective clothing market growth.

Flame retardant and chemical defending apparel dominate consumption, with collective volume of 997 million sq.m in 2015, or 57.9% of the global market. Flame retardant apparels are fabricated from thermal resistant material which reduces the flammability of the finished product specially designed for electric arc flash and flash fire hazards. Chemical defense includes protection from radiation and particulate matter.

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Mechanical protection is an attractive growth avenue for market participants, with target revenue at more than USD 1.5 billion for 2023, at 14.5% CAGR. This segment covers protective wear or workers that are exposed to high risk of abrasion and mechanical tear, especially in mechanical parts manufacturing, foundry and workshop applications.

Russia industrial protective clothing market size, by product, 2013 – 2023 (Million Sq.m) 

Russia industrial protective clothing market size, by product, 2013 - 2023 (Million Sq.m)

There is high degree of integration by industry participants at different levels across the value chain. DuPont is an example, the company occupying an important position throughout the value chain, from raw materials to end use industries. The company is a chemical manufacturer, fiber producer, distributor, industrial protective clothing manufacturer & supplier as well as end user.

Contact with harmful matter in the industrial working environment is a critical issue affecting worker safety. Chemical or toxic fumes, heat, and radiation emitted during various industrial and manufacturing process brings potential health risks such as cancer, pulmonary disease, skin irritation, and loss of vision among other ailments.

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ASTM, OSHA, EASHW and other similar regional agencies have stepped-up scrutiny along with increasing their scope across manufacturing, R&D, laboratories etc. These regulatory guidelines will help the industry evolve, and commercialize high-efficiency and novel protective wear, with sustainable raw materials.

Key insights from the report include:

  • Global industrial protective clothing market will grow at 11.7% CAGR, with volume forecast at 7,152 million sq.m by 2023.
  • Durable industrial protective clothing will continue to dominate consumption, at over 57% volume share in 2015, at 11.7% CAGR growth.
  • Clean room clothing demand was USD 863 million in 2015, with gains poised at 13.9% CAGR up to 2023. Laboratories, electronic manufacturing facilities, clinical and pharmaceutical industries are key usage areas for these products, aimed at preventing worker infection and product contamination from minute harmful particles and chemicals. Filament polyester is widely used raw material for clean room clothing.
  • Technically innovative solutions for light weight durable clothing will positively impacted global mechanical protective clothing market. Increasing demand for protection during meat cutting, welding and glass cutting will drive growth.
  • APAC, especially China and India, along with Latin America are poised to see significant growth through the forecast time-period, at 12.8% and 12.1% CAGR respectively. As manufacturing and production index continues to see strong indicators, modernization of safety standards becomes increasingly significant.
  • U.S. industrial protective clothing market share should see more than 11% CAGR growth, with durable products accounting for over 59% demand. The sustained development of the shale gas industry will see the resurgence of the downstream market, providing growth opportunities for the overall personal protective equipment (PPE) industry.
  • Europe industrial protective clothing industry was more than USD 1.2 billion in 2015, with Germany alone responsible for over 33.5% of that.
  • The global industry is fiercely competitive, with complex product registration enhancing entry barriers. Product innovation and competitive pricing will be critical for capturing market share.

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Fluorotelomers market size worth $700 million by 2023

Fluorotelomers Market size was 26.5 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Rising safety concerns over fire hazards in oil & gas, chemical and textile industry have increased the importance of prevention measures and technologies for reducing such risks.
As a result, fire fighting foams may gain importance as a safety measure in manufacturing industry particularly oil & gas and chemical, which will stimulate global fluorotelomers market growth.

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These products are majorly used in treatment of textiles for increasing stain resistance caused by dust, solvents and chemicals. Telomers have the ability to provide protective surface finish to textile products which include gowns & surgical drapes, and provide protection to patients and healthcare workers from fluid based pathogens.

                    MEA fluorotelomers market size, by application, 2015 (USD Million)

MEA fluorotelomers market size, by application, 2015 (USD Million)

Asia Pacific, with China and India fluorotelomers market share leading the industry, saw regional consumption rise to over 12 kilo tons in 2015. Strong growth outlook for the textile industry, especially in India, China, Bangladesh, and Pakistan, will be critical for telomere demand evolution.
FTOH (Fluorotelomer alcohol) products continue to dominate global consumption, with USD 114 million in revenue for 2015. FTOH is used as an intermediate to manufacture home furnishings, fire fighting foams, surfactants, paper packaging, textiles, stone and tile and leather.
Strong growth in domestic manufacturing across South East Asia has led to a steady rise in the industrial production index. This should translate into significant gains for firefighting foam applications as a critical aspect of regulatory compliance.

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Increasing hydraulic fracturing, driven by U.S. shale gas and tight oil exploration and extraction may drive fire will influence fluorotelomer demand throughout the forecast timeframe. Stringent regulations by the U.S. EPA towards reducing PFCA and PFOA levels in FTOH and acrylate may hamper product demand and affect fluorotelomers market price trend.
Technology innovation and development of niche applications including metal plating, magazine paper, semiconductors and photography will pave opportunities for fluorotelomers market size growth.
Key insights from the report include:

  • Global fluorotelomers market size will see 12.7% CAGR, as per industry expectations, with 68.9 kilo tons by 2023.
  • Europe, dominated by UK, France and Germany fluorotelomers market share, may register close to 8.7 kilo tons by 2023 with expectation of below industry average growth throughout the forecast timeframe.
  • North America food packaging application, led by the U.S. consumer base, may grow at 7.5% CAGR and register close to USD 17 million by 2023.
  • Europe fluorotelomers iodide products may witness highest gains at 9.1% CAGR and register over USD 19.5 million by 2023. Asia Pacific fires fighting foam applications can expected gains at over 12% CAGR and may register over 10 kilo tons by 2023.
  • Latin America, led by Brazil, may expect significant gains throughout the forecast timeframe. Latin America textile applications may gain 8.5% CAGR and over USD 26 million by 2023.
  • MEA, led by petrochemical industry growth in Qatar, Saudi Arabia and UAE, is predicted to gain over 8.2% CAGR and register over USD 50 million by 2023.
  • Global fluorotelomers market share is highly regularized and driven by technology innovation. Notable industry players include Fluoryx, Daikin America, TCI, Dynax, AGC Chemicals and Wilshire Technologies.
  • Industry participants are characterized by integration across numerous stages of the value chain. Some of the companies are integrated and captively consume raw material for product manufacturing.

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Zeolite Molecular Sieve Market size over $4.4 billion by 2023

Zeolite Molecular Sieve Market size was 1.87 million tons for 2015, as per the latest research report by Global Market Insights, Inc. Growing detergents demand owing to rising hygiene awareness among consumers may drive global zeolite molecular sieve market size.

Global zeolite molecular sieves industry may register USD 4.43 billion in revenue by 2023. Increasing water treatment activities for purification may drive product demand as adsorbents. Presence of enzymes, metals and other chemical compounds as substitute to zeolite catalysts may hamper market growth. Emergence of sieve infused with antimicrobial silver will pave way for growth opportunities over the next decade.

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Catalyst application accounted for over 18.7% of the overall demand and is forecast to witness highest gains by 2023. The mineral is used as a low cost high yield catalyst for petroleum refining for fluid catalytic cracking (FCC) and hydrocracking.

       Russia zeolite molecular sieve market size, by application, 2012-2023 (Kilo Tons)

Russia zeolite molecular sieve market size, by application, 2012-2023 (Kilo Tons)

Zeolite molecular sieve recycling and recovery is relatively easy and low cost. Furthermore, the non toxic nature of these products results in fewer harmful emissions into the environment making it a more viable option as compared to other chemicals. The product has higher efficiency and yield fewer impurities

Increasing petroleum derivatives demand including fuel and polymers may drive demand. Zeolites are used as adsorbents primarily for filtration and separation owing to small pore size and hydrophilic/hydrophobic nature. Growing adsorbents demand in water treatment, gas separation and air drying applications may positively influence zeolite molecular sieves market.

The product requires low technical complexity and low initial infrastructure investment. In addition, high demand for catalysts and adsorbents has resulted in a significant zeolite molecular sieves demand. These factors have resulted in the establishment of numerous manufacturers over the past few years. Companies including Rive Technology utilize the “Molecular Highway” technology for manufacturing the desired product.

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Key raw materials, silica, aluminum & kaolin, are also used in applications including electronics, paper, ceramics and fabrication. This can result in tight raw material supply to manufacture the product owing to the expansion of the aforementioned industries and affect zeolite molecular sieves market price. In addition, price hike of these raw materials is anticipated to hamper profit margins of the product manufacturers.

Key insights from the report include:

  • Global zeolite molecular sieve market size is predicted to gain 1.3% CAGR through to 2023 and reach 2.08 million tons.
  • Europe zeolite molecular sieve market, led by Russia, Germany and Turkey, was dominant regional industry with overall consumption of over 665 kilo tons in 2015.
  • Russia detergent application revenue is set to gain over 3% CAGR and reach over USD 35 million by 2023. Increase in Russian government initiatives drying the gas and wastewater management are among key drivers favoring product demand.
  • APAC, led by industry growth in China & India, is forecast to grow significantly at over 1.8% CAGR. Rise in catalyst demand to manufacture petrochemical derivatives may drive regional demand.
  • Latin America, led by Brazil, may witness significant growth rates and register over USD 85 million by 2023. Growth in regional government efforts for water purification must increase product penetration.
  • Global zeolite molecular sieves market share is moderately consolidated. Key industry participants include BASF, Arkema, Interra Global, UOP LLC and Tosoh.
  • Other notable companies include Grace Catalysts, Zeochem AG, KNT Group, Zeox, Tricat Group, Dalian Haixin and Union Showa.

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Nitrocellulose Market size reported over $940 million by 2023

Nitrocellulose Market size was 188.5 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Strong application scope in printing inks, wood coatings and automotive paints may drive nitrocellulose market size growth. Key properties, better adhesion and non-reactivity to other paints, should complement the overall demand.

   China nitrocellulose market size, by application, (USD Million) 2012-2023

China nitrocellulose market size, by application, (USD Million) 2012-2023

Global nitrocellulose market size may register USD 943.0 million by 2023. Growth in printing applications ranging from print media to packaing is attributed for such a robust growth. Increasing industrialization, urbanization and rising population are few factors attributed to such a brisk growth in printing ink demand. Flexographic and gravure inks used in packaging industry utilize nitrocellulose as key ingredient.

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Pinting applications dominated the overall consumption with 50.5 kilo tons in 2015. Nitrcellulose market study predicts printing applications for robust industry gains at 6.3% by 2023. Though digitization and growing computer use may somewhat restrain industry growth, printing inks applications are still expected to be used across multiple industries.

Leather finishing applications may observe significant gains and register over 35 kilo tons by 2023. Nitrocellulose-based paints are preferred as they dry quickly, are easy to apply, compatible with a wide range of additives, leave no residue upon drying, have a good glossy finish, and good adhesion properties. These properties make it suitable for furniture coating applications.

Automotive paint application may surpass USD 170 million in revenue by 2023 with over 5.5% CAGR by 2023. Automobile production growth coupled with favorable incentive policies by regional governments in China, Thailand, Indonesia and India may favor product demand for automotive applications.

Companies present across the value chain signify low level of complete integration. Companies which are backward integrated have an added competitive advantage over other industry participants as they are able to deliver cost effective products and have a better grasp over their downstream business.

Distributors and suppliers play an important role in the value chain and form an important link between the manufacturers and end-use industries. The manufacturers are much dependent upon distributors & suppliers for marketing products.

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This substance is considered as a flammable solid and thus is governed by transportation and packaging regulations. Stringent regulations by FDA and EU which govern food contact applications for paints used in packing may impact overall industry profitability and affect nitrocellulose market price trend.

Key insights from the report include:

  • Global nitrocellulose market size may foresee industry gains at 5.8%% and register 296.4 kilo tons by 2023.
  • APAC, with growth in China and India nitrocellulose market size, dominated the overall regional industry with over 95 kilo tons in 2015.
  • China printing ink applications should witness robust growth rates in revenue terms and register over USD 105 million by 2023.
  • North America, dominated by the U.S. industrial applications, may witness below average gains at over 5.2% CAGR. Wood applications in the U.S. should register over USD 28 million with 5.3% CAGR.
  • Europe, led by Germany, UK and France, may witness sluggish gains owing to stringent government regulations. Germany automotive paints applications may register over 3 kilo tons by 2023 with 4.8% CAGR.
  • MEA, led by Saudi Arabia, UAE and Qatar, occupied an small chunk of the market and registered close to USD 25 million in 2015.
  • Global nitrocellulose market share is occupied by companies present in unorganized segment and tend to compete multinationals on price basis. Notable industry participants include Tembec, Dow Wolff and Nitro Quimica.
  • Other key participants include Atomax Chemicals, IVM Chemicals, TNC Industrial, EURENCO and Synthesia.

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Heat Transfer Fluids (HTF) Market size worth $3.92 billion by 2023: Global Market Insights, Inc.

Global Heat Transfer Fluids (HTF) Market size was 484.0 kilo tons in 2015 as per the latest research report by Global Market Insights, Inc. Industry expansion in BRIC economies pertaining to manufacturing sectors including metal processing, automotive, oil & gas industries, and chemical and should foster heat transfer fluids market size growth.

Global heat transfer fluid market size may register USD 3.92 billion by 2023. CSP and biodiesel industry expansion owing to growing preference for sustainable resources should aid product penetration in these industries.

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Silicon & aromatics dominated the industry product landscape and was valued at USD 990.2 million in 2015. Thermal stability, chemical and physical resistance to change under severe heat, cold, shear and oxidation are key properties driving product demand. In additions, they are inert, non-corrosive, non-toxic and have low volatility.

                 UK heat transfer fluids market size, by product, 2012-2023 (Kilo tons)

UK heat transfer fluids market size, by product, 2012-2023 (Kilo tons)

       Heat transfer fluids market size, by product, 2012-2023 (Kilo tons)

Need to manage excessive heat in automotive, metal processing, pharmaceuticals, and food processing application has driven product consumption in manufacturing industries. Surging requirement for application specific product with optimum thermal coefficient is claimed to be another lucrative factor driving heat transfer fluids (HTF) market size growth.

Increasing gas production in GCC should enhance heat transfer oil market growth. It is essential in crude oil or natural gas processing, transportation and refining. It is also used for facility heating and glycols regeneration in order to remove water from natural gas processed in offshore platforms.

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Heat transfer oils offer enhanced safety, low maintenance, better temperature control, and low cost of these systems when compared to other thermal media. This is estimated to provide a sufficient stimulus for industry expansion and propel heat transfer fluid demand.

Concentrated solar power (CSP) is set to achieve highest growth rate, increasing at 7.7% CAGR up to 2023. Strong application outlook towards storing and energy transfer in CSP along with increasing installations is considered to drive product demand.

Biodegradability and recyclability accompanied by its petrochemical and mineral oil formulation may hinder demand and affect heat transfer fluid markets price trend.

Key insights from the report include:

  • Global heat transfer fluids (HTF) market size is estimated to witness 6.3% CAGR and reach 786.0 kilo tons by 2023. Oil & gas industry expansion accompanied by increasing scope in CSP application are noted to lead industry growth.
  • USDA and FDA permission to use food grade based heat transfer fluid ingredients in food & beverages application may increase application scope. Non-toxic, non-hazardous, and low maintenance are key properties.
  • Glycol fluids products are projected to attain highest gains at 7.0% CAGR up to 2023. It is majorly used as antifreeze in food & beverage industry. Need of these oils in CSP applications has created new avenues for future investment.
  • Oil & gas application led the application landscape and was valued at over USD 470 million in 2015. Rising use in offshore oil & gas thermal processes has led the industry application demand. Increasing LNG terminals and offshore oil & gas production facilities should positively drive industry growth.
  • Europe, predominant by Germany heat transfer fluid market size, dominated the regional industry demand and may reach close to 240 kilo tons by 2023 with expected gains at above 5.5% CAGR. Oil & gas industry and CSP were the major applications.
  • Germany food & beverages application may observe significant gains at 6.6% CAGR and surpass 13 kilo tons by 2023.
  • APAC is set to grow significantly at 7.1% CAGR up to 2023. Automotive and oil & gas industry expansion accompanied by government initiatives for foreign investment in China and India are promising factor foster regional demand.
  • China mineral oil demand may witness 7.1% CAGR and register close to 32 kilo tons by 2023.
  • Heat transfer fluid market share is consolidated; Dow Chemicals, ExxonMobil, British Petroleum, Shell and Eastman were the dominant industry players. Bio-based product innovation to attain biodegradability is potential strategic initiatives.
  • Indian Oil Corporation, Huntsman, Hindustan Petroleum, Dynalene, Inlet Petroleum, CFR Chemicals, Chevron, KOST USA, BASF, and Phillips 66 are other market participants.

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Worldwide Nuclear Steam Generator Market: Facts, Figures and Analytical Insights 2020, PMR Report

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Steam generator is a device which is used to create steam by boiling water. Steam generators are also referred as heat exchangers used to convert water particles into steam from heat produced in a nuclear reactor plant. Nuclear steam generator is used in high pressure water reactor having primary loop (piping system that contains coolant) and secondary loops (have separate piping system, here water is converted to steam to rotate turbines which generate electricity) attached to the water reactor. The primary loop is usually at very high temperature and pressure. Nuclear steam generator is a device which is used to transfer heat between the two loops from primary loop to the secondary loop attached to the generator. Nuclear steam generator which is attached between the primary and secondary loop generate electricity from the nuclear plant. Water flowing between the primary and secondary loops never mixes with each other. Materials which are used to manufacture turbine and piping system of a nuclear steam generator have special features to withstand heat and radiation of the reactor. Normal nuclear plant steam generator take the dimension up to 70 feet (approximately 21 meter) in length and around 800 tons in weight.

On the bases of dimensions, the global nuclear steam generator market can be divided into horizontal and vertical steam generator. Countries such as Canada, Japan, France and Germany use vertical form of nuclear steam generators to generate electricity from nuclear power plant, whereas Russian nuclear plants majorly use horizontal form of nuclear steam generator to generate electricity.

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Europe has the largest market share for nuclear steam generator, followed by Asia Pacific and North America. Russia is the largest consumer for nuclear steam generator globally. Europe is expected to dominate in the forecasted period with North America showing average growth. However, Asia Pacific is expected to witness highest growth in the coming years. Increasing number of nuclear power plant in the countries such as China, Japan, and India are expected to boost the Asia Pacific market in forecasted period.

Rising number of nuclear power plant around the globe especially in countries such as Russia, China and India is driving the global nuclear steam generator market. Additionally, to increase the electric generating capacity many nuclear plant are changing their generating system, this is further expected to increase the demand for nuclear steam generator in coming years. Also, shortage of electricity in the countries such as India is further expected to increase the electricity demand from the nuclear power plants. This may increase the demand for nuclear steam generator to generate electricity to some extent. However, high cost of installation associated with the nuclear steam generator is expected to hamper the global nuclear steam generator market, but at very niche level.

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Increasing investment by the governments of the Asian countries to increase generation of electricity from the nuclear plants is propelling the global nuclear steam generator manufacturers to invest more in the developing countries of Asia Pacific. Some of the major companies operating in the global nuclear steam generator market are Mitsubishi Heavy Industries, Westinghouse Electric, Atomic Energy of Canada, Bharat Heavy Electricals, Korea Electric Power Corporation and GE Hitachi Nuclear Energy.

 

Key points covered in the report

 

  • Report segments the market on the basis of types, application, products, technology, etc (as applicable)
  • The report covers geographic segmentation

 

  • North America
  • Europe
  • Asia
  • RoW

 

  • The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porters five forces analysis of the market.

 

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Global Dimer Acid Market size is expected to reach USD 2.26 billion by 2023

new_march_final_logo_FB(1)

Global Dimer Acid Market size is expected to reach USD 2.26 billion by 2023; according to a new research report by Global Market Insights, Inc.

Polyamide resin consumption due to strong construction spending particularly in BRICS nations may drive product demand. Nonreactive polyamide resins dominated the application landscape by accounting over 40% of global dimer acid market share in 2015. Strong solvent demand from adhesives and printing inks will drive non-reactive polyamide resin applications.

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Oilfield chemical applications may witness significant gains at 4.5% CAGR. Increasing production across OPEC countries, U.S. and Russia will stimulate dimer acid demand. Increasing application scope in new avenges such as surfactants, alkyd resins, adhesives and oil additives may complement product demand.

Europe Dimer Acid Market size, by application, 2012-2023 (Kilo Tons)

Europe Dimer Acid Market size, by application, 2012-2023 (Kilo Tons)

Europe Dimer Acid Market size, by application, 2012-2023 (Kilo Tons)

APAC, led by China dimer acid market size, was largest regional industry and accounted for over 38% of global volume in 2015. Increasing infrastructure spending in China, Indonesia and India may drive regional demand. China’s push for shale gas exploration and oil production will drive demand in the region.

Increasing presence of small scale dimer acid producers in China coupled with capacity expansions by major overseas companies in the region should benefit industrial production. Raw material availability along with low manufacturing costs is one of the major factors aiding the production landscape in the region.
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Regulatory support by EPA & REACH owing to its non-toxic nature will favor industry growth. Raw material supply bottleneck issues for rapeseed oil, tall oil, soy oil and sunflower oil may affect the production and affect dimer acid market price trend.

Key insights from the report include:

Global dimer acid market size may reach 645.1 kilo tons by 2023 with industry gains predicted at 4.4%. Growing oilfield chemical demand due to increasing drilling activities is likely to positively influence market growth.

Reactive polyamide resin may witness highest gains at 4.6% CAGR. Rapidly increasing surface coatings and adhesive demand from construction & marine industry may propel dimer acid market size for reactive polyamide resins.

U.S. dimer acid market size was valued above USD 200 million for 2015 and industry predicts gains at over 6% CAGR up to 2023. Government initiatives in the region to enrich public infrastructure may favor epoxy & adhesives and construction coating agents demand.

Europe may surpass USD 690 million by 2023.  ECB has initiated a strategy for funding private sector afloat in the economy which may stabilize growth rates in major industries which include energy, construction, transportation, foundry and plastics.

Reactive polyamide resins demand in APAC may observe significant gains at 5.6% CAGR and surpass 90 kilo tons by 2023.

Global dimer acid market share is moderately consolidated with major industry players contributing over 35% of global industry demand. Major companies include Croda, Arizona Chemicals, BASF and Oleon.

Major companies are actively involved in M&A and joint venture agreements with small scale producers in order to strengthen their market presence. Emergence of large number of dimer acid producers in China may further increase competitiveness among market participants. Key companies are uplifting their production capacities in APAC in order to serve growing regional demand.

Global Market Insights has segmented the dimer acid industry on the basis of application and region:

Dimer acid application Analysis (Volume: Kilo Tons; Revenue: USD Million; 2012 – 2023)

Nonreactive polyamide resins

Reactive polyamide resins

Oilfield chemicals

Others

Dimer acid Regional Analysis (Volume: Kilo Tons; Revenue: USD Million; 2012 – 2023)

North America

U.S.

Europe

Germany

UK

Asia Pacific

China

India

Latin America

MEA

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Dimer Acid Market size is expected to reach USD 2.26 billion by 2023

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Global Dimer Acid Market size is expected to reach USD 2.26 billion by 2023; according to a new research report by Global Market Insights, Inc.

Polyamide resin consumption due to strong construction spending particularly in BRICS nations may drive product demand. Nonreactive polyamide resins dominated the application landscape by accounting over 40% of global dimer acid market share in 2015. Strong solvent demand from adhesives and printing inks will drive non-reactive polyamide resin applications.

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Oilfield chemical applications may witness significant gains at 4.5% CAGR. Increasing production across OPEC countries, U.S. and Russia will stimulate dimer acid demand. Increasing application scope in new avenges such as surfactants, alkyd resins, adhesives and oil additives may complement product demand.

Europe Dimer Acid Market size, by application, 2012-2023 (Kilo Tons)

Europe Dimer Acid Market size, by application, 2012-2023 (Kilo Tons)

Europe Dimer Acid Market size, by application, 2012-2023 (Kilo Tons)

APAC, led by China dimer acid market size, was largest regional industry and accounted for over 38% of global volume in 2015. Increasing infrastructure spending in China, Indonesia and India may drive regional demand. China’s push for shale gas exploration and oil production will drive demand in the region.

Increasing presence of small scale dimer acid producers in China coupled with capacity expansions by major overseas companies in the region should benefit industrial production. Raw material availability along with low manufacturing costs is one of the major factors aiding the production landscape in the region.
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Regulatory support by EPA & REACH owing to its non-toxic nature will favor industry growth. Raw material supply bottleneck issues for rapeseed oil, tall oil, soy oil and sunflower oil may affect the production and affect dimer acid market price trend.

Key insights from the report include:

Global dimer acid market size may reach 645.1 kilo tons by 2023 with industry gains predicted at 4.4%. Growing oilfield chemical demand due to increasing drilling activities is likely to positively influence market growth.

Reactive polyamide resin may witness highest gains at 4.6% CAGR. Rapidly increasing surface coatings and adhesive demand from construction & marine industry may propel dimer acid market size for reactive polyamide resins.

U.S. dimer acid market size was valued above USD 200 million for 2015 and industry predicts gains at over 6% CAGR up to 2023. Government initiatives in the region to enrich public infrastructure may favor epoxy & adhesives and construction coating agents demand.

Europe may surpass USD 690 million by 2023.  ECB has initiated a strategy for funding private sector afloat in the economy which may stabilize growth rates in major industries which include energy, construction, transportation, foundry and plastics.

Reactive polyamide resins demand in APAC may observe significant gains at 5.6% CAGR and surpass 90 kilo tons by 2023.

Global dimer acid market share is moderately consolidated with major industry players contributing over 35% of global industry demand. Major companies include Croda, Arizona Chemicals, BASF and Oleon.

Major companies are actively involved in M&A and joint venture agreements with small scale producers in order to strengthen their market presence. Emergence of large number of dimer acid producers in China may further increase competitiveness among market participants. Key companies are uplifting their production capacities in APAC in order to serve growing regional demand.

Global Market Insights has segmented the dimer acid industry on the basis of application and region:

Dimer acid application Analysis (Volume: Kilo Tons; Revenue: USD Million; 2012 – 2023)

Nonreactive polyamide resins

Reactive polyamide resins

Oilfield chemicals

Others

Dimer acid Regional Analysis (Volume: Kilo Tons; Revenue: USD Million; 2012 – 2023)

North America

U.S.

Europe

Germany

UK

Asia Pacific

China

India

Latin America

MEA

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Nuclear turbine generator market to reach US$15,616.7 million by 2020: TMR

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Transparency Market Research (TMR) has published a research study on the global nuclear turbine generators market estimating it to report an impressive CAGR of 12.0% during the period from 2014 to 2020 and reach US$15.61 billion by the end of the forecast period. The market report, titled “Nuclear Turbine Generator Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, states that the worldwide nuclear turbine generator market had reached a value of US$7.0 billion in 2013.

 

According to the report, the rising demand for energy is the key factor driving the global nuclear turbine generator market substantially. The increasing focus of economies on the expansion of their nuclear power capabilities has triggered the installation of new nuclear reactors, stimulating the demand for nuclear turbines and nuclear generators in the global arena. However, the anti-nuclear energy policy, followed by several countries, is hampering the growth of this market to a significant extent. The negative public opinion over the development of nuclear power after the Fukushima Daiichi nuclear disaster is also anticipated to limit this market, states the report.

 

The report analyzes the global market for nuclear turbine generators on the basis of product and its regional distribution. Based on product, the markets for nuclear turbines and nuclear generators are the main segments of the global market. The rise in the installation of new nuclear reactors across the world has propelled the demand for nuclear turbines in the global arena. Currently, there are approximately 435 operational nuclear reactors around the world, whereas the installation of 71 new nuclear reactors is just round the corner, notes the study.

 

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On the regional front, the report segments the global nuclear turbine generator market into North America, Asia Pacific, Europe, and the Rest of the World. Of these, Europe has emerged as the leading regional market. Analysts anticipate this market to exhibit a significant growth rate over the forecast period owing to the expected installation of new nuclear turbine generators, especially in Russia.

 

Asia Pacific holds the second position in this market and is closely followed by North America. The increasing installation of new nuclear turbine generators in India, South Korea, and China is stimulating the Asia Pacific nuclear turbine generators market significantly.

 

North America has also shown impressive growth in the global market for nuclear turbine generators in recent times. At present, the U.S. leads the North America nuclear turbine generators market in terms of demand. However, the decline in gas prices has negatively impacted some of the existing as well as new nuclear turbine generator projects in North America, causing the market’s growth to plummet, says the study.

 

The global market for nuclear turbine generators is concentrated in nature. Some of the major players operating in this market are Westinghouse Electric Co. LLC, Toshiba Corp., The Babcock & Wilcox Co., OJSC Power Machines, Mitsubishi Heavy Industries Ltd., Hitachi Ltd., General Electric, Doosan Heavy Industries & Construction Co. Ltd., Bharat Heavy Electricals Ltd., and Alstom Power, states the research report.

 

The global nuclear turbine generator market is segmented into:

 

By Product

 

  • Nuclear Turbine
  • Nuclear Generator

 

By Region

 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

 

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About TMR

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

Contact

 

Transparency Market Research

 

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Plano Sunglasses Market size worth $26.46 billion by 2023: Global Market Insights, Inc.

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Plano Sunglasses Market size is forecast to reach USD 26.46 billion by 2023; as per a new research report by Global Market Insights, Inc.

Growing purchasing power and awareness regarding the need for eye protection will drive global plano sunglasses market size. Brand conscious consumers are also willing to spend more on higher quality and aesthetic appeal.

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The plano sunglasses industry is characterized by changing material trends; polycarbonate (PC) and CR-39 are anticipated to witness high growth, with other materials such as glass and polyamide to exhibit low CAGR in the coming years.

Europe Plano Sunglasses Market size, by material, 2012-2023 (USD Million)

Europe Plano Sunglasses Market size, by material, 2012-2023 (USD Million)

Plano sunglasses market price trend differs on a regional basis as well as across brands. Mark-ups are particularly high with brands such as Luxottica, and the European industry is characterized by the highest retail prices. Regardless of the technique used for production, the coating applied on the final lens determine the performance and price characteristics. Europe plano sunglasses market share was over 40% of the global revenue, and is forecast to approach USD 10 billion by 2023.

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Although polarized sunglasses contributed a little over 20% to the overall volume in 2015, global revenue share is set to surpass 35% by 2023 due to higher prices and functionality. The majority of polarized sunglasses use injection molding for lens production. The lens molds in which melted polycarbonate is injected are compressed under high pressure and cooled to give way to the final product; this manufacturing process results in higher impact resistance.

 

Key insights from the report include:

  • Global plano sunglasses market shipments of over 300 million units in 2015 are forecast to gain at 4.6% CAGR from 2016 to 2023. Growing acceptance of vision correction surgeries such as LASIK and steady rise in the global contact lenses market will fuel growth.
  • Lifestyle changes due to growing urbanization, particularly in developed economies are a major driver for the eyewear market.
  • Aging population base coupled with robust spectacles demand may hamper consumption. The unorganized sector, particularly in the Asia Pacific plano sunglasses market, is also projected to pressurize profitability of major industry participants. Steady adoption of prescription products has led to lower replacement rate.
  • Major industry participants are Luxottica and Safilo; together they account for majority of the plano sunglasses market share. This can be credited to their considerable in-house and licensed brand portfolio, vertical integration strategy, and global presence. Other companies include De Rigo, Marchon Eyewear, Marcolin, etc.
  • Retail outlets are the most widely used distribution channel. In Asia Pacific, the retail sector is highly fragmented, with stand-alone outlets and independent practitioners constituting high share. Frequent partnerships and joint ventures are carried out between industry players and retail chains in order to ensure brand establishment and increased geographical expansion.
  • Products used in sports are equipped with impact resistant materials in order to ensure safety, and also have a high degree of tint. In contrast, those designed for casual wear or purely for aesthetic purposes do not require the same degree of robustness, and are made using materials of lower resilience.

Xanthan Gum Market size to be worth $1.18 billion by 2023: Global Market Insights, Inc.

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Xanthan Gum Market size is expected to reach USD 1.184 billion by 2023; according to a new research report by Global Market Insights, Inc.

Europe Xanthan Gum Market size, by application, 2012-2023 (Kilo Tons)

Europe Xanthan Gum Market size, by application, 2012-2023 (Kilo Tons)
Asia Pacific xanthan gum market size was the largest among all regions and is expected to generate over USD 495 million by 2023. Increasing urbanization, rising disposable income, expansion of stores, supporting economic factors and availability of easy finance is driving regional demand. Automotive growth in India, China, Malaysia, Indonesia and Thailand is expected to fuel demand for paints and coatings manufacturers to boost regional production capacity.

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Approvals from FDA and USDA for the use of product in medicines and bakery foods. FDA recognized the use of product for direct food human consumption under the Code of Federal Regulations (CFR 21) to fuel in food & beverage and pharmaceutical applications. Imposition of antidumping duties by the U.S. Department of Commerce may affect xanthan gum market price trend.

 

Food & beverage dominated the market share and is expected to grow over 5.5% CAGR by 2023. Xanthan gum drives moisture retention, while inhibiting staling and prolonging shelf-life. It helps to stabilize frozen products through freeze and thaw cycles by controlling ice crystal growth.

Increased drilling activities in North America on account of growing demand for petroleum and petroleum based products in oil & gas industry to boost xanthan gum market share. Rising expenditure on technological development in oil & gas sector to increase the production output for crude oil and natural gas resulted in growing importance for enhanced oil recovery (EOR).

Cosmetic industry is expected to grow in revenue terms at USD 35.2 million by 2023. Growing demand for cosmetics in emerging economies owing to growing disposable income of consumers coupled with changing lifestyles mainly in India, China, Malaysia and Indonesia. Cosmetic products such as shampoos, lotions and denture cleaners are used as thickening and stabilizing agents.

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Key insights from the report include:

  • Oil & gas applications are set to grow at 6.2% CAGR in revenue terms. Strong Chinese O&G indictors, will drive xanthan demand.
  • Asia Pacific, led by China xanthan gum market size, dominated regional consumption. Rising geriatric population and changing climate conditions in China, Australia and India have raised concerns for skin problems, which are expected to fuel personal care products demand and contribute to xanthan gum market growth.
  • North America, driven by the U.S. xanthan gum market share, is poised to grow at 5.3% CAGR by 2023. Strong pharma spending cue will be a telling factor on demand.
  • Europe xanthan gum market size is expected to exceed in terms of revenue at USD 235 million by 2023. Pharmaceutical applications are expected to exceed USD 10.2 million by 2023. Increasing R&D investments across the pharmaceutical industry will drive growth.
  • MEA, led by Saudi Arabia may grow significantly, with rising health expenditure coupled with government support.
  • Global xanthan gum market share is consolidated. Deosen Biochemical, Fufeng Group, CP Kelco, DuPont, ADM and Cargill are among notable industry players. Other participants include Pfizer, Sancho & Lee, Meihua Holdings, Solvay Group, Kantilal Brothers, Jungbunzlauer and Qingdao Unichem.
  • Increasing R&D investments by major companies to explore untapped applications of xanthan gum, anticipated to open new avenues.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Thermoplastic Polyolefins (TPO) market size worth $4 billion by 2023: Global Market Insights, Inc.

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Thermoplastic polyolefins (TPO) market size is set to reach USD 4.08 billion by 2023, as per the latest research report by Global Market Insights, Inc.

U.S. Thermoplastic Polyolefins Market size, by application, 2012-2023 (Kilo Tons)

U.S. Thermoplastic Polyolefins Market size, by application, 2012-2023 (Kilo Tons)
Increasing market penetration of TPO across medical applications is anticipated to drive market over the forecast period. Automotive application segment was dominant accounting over 70% of global share in 2015. Drifting focus towards reducing overall weight of automobiles will drive product demand. Also, stringent government regulations on account of reducing carbon emissions will assist industry penetration.

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Advancements in Corporate Average Fuel Economy (CAFE) have compelled automobile industry participants to evolve news way for vehicle weight reduction. This may boost polymer applications in this section, which further impact positively on thermoplastic polyolefins market size.

 

Industrial applications should witness over 5% growth up to 2023. Rapid industrialization coupled with increasing per capita disposable income of customers have positively impacted end use sector such as automotive and construction. TPOs are extensively used for residential & commercial roof tops purpose owing to propel thermoplastic polyolefins market from 2016 to 2023.

Central & South America (CSA) is the fastest regional segment, with estimated gains above 7% CAGR. The region is witnessing massive product application in medical and packaging. Thermoplastic polyolefins are fastest growing members of thermoplastic elastomers family which has been gaining adoption on account of its superior properties such as light weight and thermal resistance, compared to other materials.

Key raw material, propylene and ethylene, are correlated with crude oil index. Crude oil price idex correction over the forecast timeframe may affect thermoplastic polyolefins market price trend. Rubber and reinforcing polymers are also used in manufacturing process.

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Key insights from the report include:

  • U.S. thermoplastic polyolefins market size, was largest regional industry in North America. Medical and packaging applications are likely to be the fastest growing segment in the region over 6% growth.
  • Enormous construction spending coupled with booming automobile sector in this region will propel Asia Pacific TPO market size. Japan thermoplastic polyolefins market size generated over USD 305 million in 2015 with more than 7% growth.
  • Europe thermoplastic polyolefins market, led by Germany, Italy, UK and France, will surpass USD 1 billion revenue by 2023. Increasing usage of thermoplastic polyolefins replacing conventional thermoplastics and elastomers across medical and packaging is likely to positively impact on product demand.
  • Automobile application in Germany could be valued at over USD 105 million in 2023. TPO finds application across medical & packaging. Growing healthcare expenditure on account of increased consumers awareness will drive demand. These are used in packaging materials which are primarlily subjected to refrigeration.
  • Global thermoplastic polyolefins market share is competitive. Key companies include A. Schulman, Dow chemical, Arkema S.A, Sumitomo Chemical, and ExxonMobil, SABIC, DuPont, INOES, LyondellBasell, S & E SpecialtyPpolymers, Polisystem UK, Saudi Aramco, and RTP.
  • Dow Chemical and LyondellBasell are integrated forward along the value chain to develop fabricated TPO compounds.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web:
https://www.gminsights.com