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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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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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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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Adhesives and sealants market size, share, Industry analysis & forecast, 2023

Global adhesives and sealants market size was estimated at 9.8 million tons and 1.9 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Construction, automotive and packaging were key revenue generating applications for the industry.
Adhesives and sealants market size analysis is set to exceed USD 50 billion by 2023. Strong infrastructure development indicators and focus on vehicle weight reduction for better fuel performance will play a key role in demand development.

India adhesives market size, by technology, 2012-2023 (USD Million)

India adhesives market size, by technology, 2012-2023 (USD Million)

Waterborne adhesives market size dominated the technology landscape, with 47% global share 2015. This technology is preferred over solvent borne technology owing to low VoC emissions to curb environmental toxicity.

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Hot melt adhesives market size is forecast to gain significantly, with 5.3% CAGR up to 2023. On product basis, acrylic products witnessed most usage, with overall consumption close to 3.6 million tons in 2015, whereas silicone sealants consumption was over 580 kilo tons.
Stringent norms by the EPA and REACH to address environment concerns over VoC emissions may challenge industry growth. Strong focus on developing renewable materials as an alternative to fossil fuel products is likely to support growth. Bio adhesive market size already accounts for over 1% of the total demand and could witness sizable gains over the coming seven years.
 

Key insights from the report include:

  • Global adhesives market size is set to attain grow at 4.9% CAGR, whereas sealants market size is estimated to reach 2.7 million tons by 2023.
  • Pressure sensitive adhesive (PSA) applications dominate demand and accounted for over 29% of the total demand in 2015, followed by packaging, with overall consumption of close to 2.1 million tons.
  • Construction sealants market size witnessed consumption of 510 kilo tons in 2015. Automotive sealants market is forecast to significantly grow at 5.4% CAGR and reach 565.0 kilo tons by 2023.
  • APAC, led by China, Japan & India, was the leading regional industry and accounted for over 40% of the total demand in 2015.
  • China polyurethane (PU) glue demand was estimated at close to 280 kilo tons in 2015, whereas PU sealants demand in China was calculated at close to 135 kilo tons in the same year.
  • North America, driven by stringent norms in the U.S., accounted for over 22% of the total volume in 2015. North America construction glues market was close to 345 kilo tons in 2015.
  • Global market share is moderately consolidated with multinationals such as Dow, HB Fuller, 3M and Henkel catering to over 47% of the industry demand. Other notable companies include Eastman Chemical, BASF, Avery Dennison, Ashland and Bostik.

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Corrosion inhibitors market size to exceed USD 8.8 billion by 2023: Global Market Insights, Inc.

Global corrosion inhibitors market size was estimated at 5.12 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Growing wastewater treatment chemicals demand for owing to rapid industrialization is expected key trend to drive market growth. Unregulated discharge of industrial and domestic contaminants has increased the need for water treatment.

Corrosion inhibitors market size is forecast to hit USD 8.8 billion in revenue, by 2023. EPA and REACH norms will play significant role in developing water treatment chemicals demand, thereby boosting product demand.

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The Safe Drinking Water Act and its amendments establish the basic framework for protecting the drinking water used by public water systems in the U.S. Organic corrosion inhibitor market generated over USD 4 billion in revenue in 2015.

                      MEA corrosion inhibitors market size, by end-use, (USD Million) 2012-2023

MEA corrosion inhibitors market size, by end-use, (USD Million) 2012-2023

Power generation industry dominated the demand with overall consumption close to 1.5 million tons in 2015. Rising energy requirements due to rapid industrialization in APAC & LATAM is forecast to drive demand.

Planned and unplanned plant shutdown can result in degradation of pumps, gas turbines and switch gears used in power generation industry, where humidity & condensation can be reasons for the cause.

Key raw materials chromium, oxygen atoms, phosphorous, zinc and nitrogen, have associated health hazards and are a matter of concern for inhibitor disposal. Associated environmental hazards through inappropriate disposal along with imbalance in raw material supply could impact cost.

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Increasing research focus to develop green corrosion inhibitors from natural sources like potato, onion, seeds and gelatin is underway, which may present growth opportunity for industry participants.

Key insights from the report include:

  • Global corrosion inhibitors market size is predicted to grow at 4.7% CAGR and reach 7.39 million tons by 2023.
  • Water based corrosion inhibitors market size was dominant and accounted for over 77% of the total 2015 demand. Solvent/oil based applications may witness sluggish growth rates with 4% CAGR from 2016 to 2023.
  • APAC, led by India and China corrosion inhibitors market size, was dominant regional industry and accounted for close to 38% of the total volume in 2015. FDI policies by governments of India and China are encouraging investors to set up metal and chemical processing plants in the region, which may boost demand.
  • APAC oil & gas industry may consume approximately 700 kilo tons by 2023, with expected significant gains at 6.4% up to 2023.
  • Europe metal processing industry based on the product demand was valued close to USD 180 million in 2015 and is forecast to grow at significant rate up to 2023.
  • Global corrosion inhibitors market share is fragmented, with GE, Ecolab, BASF and Ashland catering to below 50% of the total demand in 2015.
  • AkzoNobel, Lubrizol, Henkel, Cytec, Champion Technologies, Cortec, Daubert and Dai-Ichi are among notable companies competing in the market.

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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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Automotive coatings market size set to exceed $28 billion by 2022: Global MArket Insights, Inc.

Automotive coatings market size was calculated at 3.76 million tons in 2014, as per the latest research report by Global Market Insights, Inc.  Increase in consumer preference to safeguard the vehicle from foreign particles, UV radiation, extreme temperature conditions and acid rain will boost global automotive coatings market size. Key attributing factors, aesthetic appearance and durability, also play significant role in influencing consumer preference.

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Automotive coatings market size is set to register USD 28.3 billion by 2022. Automotive refinish coatings market will positively influence demand owing to increase in number of vehicle body and repair shops for damage recovery & timely maintenance.

                Germany automotive coatings market Size, by technology, 2012-2022 (Kilo Tons)

Germany automotive coatings market Size, by technology, 2012-2022 (Kilo Tons)

Solvent borne coatings dominated the demand by accounting over 43% of the total volume in 2014. Solvent borne technology is predicted to sluggishly grow owing to stringent measures taken by regulators to curb VoC emissions, particularly in the U.S. and EU.

In the U.S., manufacturers of paints & coatings should comply with regulations levied by EPA. This has led to increase usage of waterborne, powder and UV-cured coatings.

Key raw materials, titanium oxide, additives, pigments and resins face supply imbalance and price fluctuations, which may affect costing and result in upswing of automotive coating market price.

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Technology innovation towards reducing manufacturing costs and enhancing product performance may provide new growth opportunities and increase industry profitability.

 

Key insights from the report include:

  • Global automotive coatings market size is forecast to grow at 4.9% CAGR and reach 5.51 million tons by 2022.
  • Basecoat automotive coatings demand was largest and accounted for over 38% of the total demand in 2014. Basecoat products, mainly metallic paints, pearlescent paints and solid paints, are preferred by OEMs to impart exterior aesthetics and decorative effects.
  • Metal applications were dominant and accounted for over 70% of the total automotive coating market share in 2014. Predominant use of steel and aluminum for vehicle production is expected driver influencing demand.
  • Plastic applications, influenced by vehicle weight reduction along with better fuel efficiency, expect highest gains at 5.2% CAGR up to 2022.
  • APAC, led by India and China automotive coatings market size, was dominant regional base, with overall consumption of over 2 million tons in 2014. Favorable regulations supporting FDI to set up automobile base in China, India, Indonesia and Thailand coupled with rise in per-capita disposable income, expects surge in demand.
  • China light vehicle OEM demand generated close to USD 1.8 billion in 2014 and expects to significantly grow at over 5.2% CAGR up to 2022.
  • North America, dominated by U.S. consumer base, most likely will generate over USD 5.5 billion revenue by 2022. U.S. waterborne automotive coatings market size was worth over USD 870 million in 2014.
  • Germany powder coatings demand was worth close to USD 290 million in 2014. This technology expects to grow at significant rate with over 4.5% CAGR by 2022.
  • Global automotive coatings market share is competitive and consolidated, with PPG Industries, Axalta, BASF and Kansai catering to major industry demand. Nippon, AkzoNobel, Arkema, Berger, Eastman, DSM and Solvay are among notable key industry players.

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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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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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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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Antibacterial Glass Market size over $270 million by 2023

Antibacterial Glass Market size will grow from USD 160 million in 2015 to over USD 270 million in 2023, as reported by the latest study by Global Market Insights, Inc. Growing prevalence of nosocomial infections or Hospital Acquired Infections (HAIs) will drive the global antibacterial glass market over the next few years.

Growing popularity of antimicrobial/antifouling coatings coupled with technological innovation will drive industry demand on a global level. Silver, with more than USD 148 million in revenue for 2015, is expected to remain the preferred active ingredient due to its low toxicity to humans and antifouling nature.

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Other active ingredients include powder coatings of materials such as copper, zeolite, silicon, and titanium. Copper is slowly becoming the material of choice and dominating the other powder coatings market to a large extent and is looked at a key substitute for silver.

            Europe antibacterial glass market size, by application, 2012-2023 (USD Million)

Europe antibacterial glass market size, by application, 2012-2023 (USD Million)

Hospitals continued to dominate antibacterial glass market share in 2015, with more than USD 68 million in revenue; isolation rooms, burn units, hematology and oncology units are key application areas. Antibacterial glass provides an architectural solution to these ailments and can be used in furniture, partitions, and intensive care units among others. This segment is expected to grow significantly over the forecast time-scale. Companies looking to venture into the market have been targeting hospitals as the preferred end-use industry due to the high expected demand for antibacterial glass in this sector.

Flat glass used for antibacterial glass production is made from float glass, which requires silicon dioxide (sand), sodium carbonate (soda), calcium carbonate (limestone), and other additives. While AGC’s process involves infusion of silver ions into the glass, companies such as Nippon Sheet Glass (NSG) use a combination of coatings to reduce viral contamination.

Apart from high technology markets of the U.S. and the European Union, awareness levels in large consumer markets of China, India, Brazil and other developing countries is significantly lower. This has emerged as one of the key challenges for market participants in recent times.

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There are high entry barriers to the industry, which can be attributed to infrastructure and capital investments needed for participants to manufacture on a commercial scale. Existing suppliers have been trying to establish themselves on a broader level, and have float tanks and production sites across the globe.

Key insights from the report include:

  • Global antibacterial glass market will grow at 6.9% CAGR, and looks poised to exceed USD 270 million by 2023.
  • Silver antimicrobial glass is forecast to see revenue exceeding USD 253 million by 2023, which would be more than 93% of the global earnings at that time.
  • Food & beverage applications will continue to be attractive, with growth forecast at 7.1% CAGR from 2016 to 2023. These products facilitate storage for a prolonged period of time by suppressing the propagation of bacteria and other microorganisms in glass containers. Besides being used for storage, these are also used in restaurants, canteens, food show cases.
  • In military settings, where equipment needs to be kept sterile and sanitary despite volatile working conditions, antibacterial glass and coatings have been gaining importance. Electronics, automotive, construction, and personal care are among the emerging applications for this industry.
  • Europe antibacterial glass market size was USD 97.5 million in 2015. The region is heavily regulated, with standards such as EN 13697, EN 1276, and EN 1650 in place to evaluate the bactericidal and fungicidal properties of chemical disinfectants used in the food industry.
  • Global antibacterial glass market share is dominated by a few suppliers such as AGC Glass Europe, Saint-Gobain, Nippon Sheet Glass, etc. AGC is integrated across the value chain, and provides an end-to-end solution, from glass production to distribution.

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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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Thermoplastic Elastomers (TPE) Market size over $20 billion by 2023: Global Market Insights, Inc.

Global Thermoplastic Elastomers (TPE) Market size was 4.19 million tons in 2015 as per the latest research report by Global Market Insights, Inc. Increasing application scope in medical, automotive, and consumer goods industry owing to favorable regulatory compliance are potential stimulating factors to drive industry growth.

Thermoplastic elastomers market size is set to reach USD 20.65 billion by 2023. Superior physical and chemical properties compared to thermosets in structural applications should positively influence TPE consumption in industrial applications.

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TPE processing allows compounds to be reheated, reshaped or frozen repeatedly, eliminating waste and promoting recyclability. These diverse characteristics are promoting TPE to be utilized in numerous applications across several fields.

U.S. thermoplastic elastomer (TPE) market Size, by product, 2012-2023 (KT)

U.S. thermoplastic elastomer (TPE) market Size, by product, 2012-2023 (KT)

SBC Market size dominated the demand and was valued at 6.22 billion in 2015. Medical equipment, packaging and consumer goods were the major applications. Recyclability and enhanced product benefits are few major driving features.

TPV market is set to attain highest gains, growing at 5.8% CAGR up to 2023. Growing demand from industries including automotive, consumer goods, and medical owing to rising sustainable products demand and increased consumer per capita income.

Automotive industry expansion accompanied by rising trend to reduce vehicle weight to attain high fuel efficiency are expected factors to positively influence TPE market size.

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Government efforts to control GHG and carbon emission is persuading government to reduce dependency on PVC and imposing stringent regulations which may fuel TPE market size growth.

High performance, soft feel, easy coloring, and aesthetic appeal are promising features to use TPE in electronic & electrical applications. They are also bad conductors of electricity and provide insulation against heat along with resistance to chemicals and UV, leading to rising applications in electrical connections while building residential or functional complexes. Mobile phone case covers and connectors are major products.

Packaging and covering electrical circuits in construction and infrastructure industries are other key applications. Growing flexible electronic components demand and global consumer electronics industry expansion should enhance industry growth.

Major raw materials including ionomers and styrenic copolymers are largely dependent on petrochemicals, volatility in petrochemical prices may affect thermoplastic elastomer market price trend.

Key insights from the report include:

  • Global TPE market size is estimated to reach 6 million tons by 2023, with estimated gains at 4.6% CAGR. Growing environmental consciousness accompanied by rise in middle class disposable income has led to end-use industry expansion, hence fuelling TPE demand.
  • APAC, led by Japan and China thermoplastic elastomers market size, was dominated the regional industry and generated USD 5 billion in 2015, favorable government policies and monetary framework encouraging private investments are expected factors influencing regional demand.
  • China TPU market size may observe 6.3% CAGR and register over USD 515 million by 2023. Automotive OEM’s preference to shift manufacturing base to China and India owing low capital investment, skilled labor, and economical raw material availability are potential reasons driving regional industry growth.
  • North America thermoplastic elastomers market size accounted for over 27% of the overall demand and is mainly driven by EPA regulations to promote eco friendly products and increasing consumption in vehicle manufacturing.
  • MEA, led by Saudi Arabia and UAE, may grow significantly, growing at 4.9% CAGR up to 2023. Increase in construction spending, rising electronic goods demand accompanied by raw material availability are potential factors to foster regional demand.
  • TPE market share is fairly consolidated, major industry players catered to around40% of the global demand in 2015. Dow, LyondellBasell, BASF, and Kraton Polymers are among notable industry participants.

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Transportation fuel market stood at 2,332.57 MTOE in 2013 and is projected to reach 2,698.36 MTOE at 1.62% growth rate: TMR

tmr-160x160

Transparency Market Research has released a new market report titled Transportation Fuel Market, By Type, Gasoline, Diesel, Aviation Turbine Fuel (ATF) and Others (Bioethanol, Bunker Fuel & CNG)  – Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2014 – 2022.

 

The report defines and segments the transportation fuel market, providing analysis and forecasts of the global consumption. According to the report, the global transportation fuel market stood at 2,332.57 MTOE in 2013 and is likely to reach 2,698.36 MTOE by 2022, expanding at a CAGR of 1.62% between 2014 and 2022.

 

The global transportation fuel market has been segmented on the basis of fuel type into gasoline, diesel, aviation turbine fuel, and others. More than 90% of the global transportation fuel demand is fulfilled using fuel derived from crude oil distillation, namely gasoline, diesel, aviation turbine fuel, and bunker fuel. Demand for transportation fuel is anticipated to increase across the world due to increasing seaborne trade and offshore exploration and production activities. Increasing greenhouse gas (GHG) emissions from vehicles powered by crude oil-based fuels and depleting oil reserves have compelled governments of different countries to switch to eco-friendly and bio-based fuels.

 

Many countries are focusing on infrastructure development to provide fuel for natural gas vehicles and raise the overall production of bio-based fuels. Demand for eco-friendly fuels from the transportation sector is anticipated to rise during the forecast period. Gasoline dominated the global transportation fuel market in 2013. Gasoline accounted for more than 40% of the global transportation fuel market in 2013. However, improving fuel economy of vehicles is expected to hamper the demand for gasoline during the forecast period. Government policies that mandate the blending of ethanol with gasoline further reduces the consumption of gasoline. Diesel held the second-largest share of the global transportation fuel market in 2013. Diesel has certain advantages over gasoline such as the energy content in diesel is more than that in gasoline; and diesel is low cost as compared to gasoline. However, increasing costs for removal of sulfur, soot, and other pollutants to reduce the emission levels is inflating the price of diesel. The railway industry is depended on coal, diesel, and electricity to supply energy. Majority of energy used by the railway industry is generated using diesel. Other fuels used by the transportation industry apart from gasoline and diesel are natural gas, biofuels, electricity, bunker fuel, and auto gas. Demand for biofuels and clean transportation fuel is increasing across the globe due to stringent emission regulations and efforts of various governments to reduce dependency on crude oil-based fuels.

 

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The global market for transportation fuel has been segmented into North America, Asia Pacific, Europe, and RoW. North America accounted for more than 30% of the global market share in 2013. It was the largest regional segment in terms of volume in the same year. However, Asia Pacific is anticipated to dominate the global transportation fuel market by 2022. Rapid development, growing population, and increasing industrialization are fueling the demand for transportation fuel in the region.

 

Some of the leading companies in the global transportation fuel market include Royal Dutch Shell plc, BP p.l.c., ExxonMobil Corporation, Chevron Corporation, and Saudi Arabian Oil Co. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments. The transportation fuel market has been segmented as follows:

 

Global Transportation Fuel Market: Type Analysis

  • Gasoline
  • Diesel
  • Aviation Turbine Fuel (ATF)
  • Others

 

Global Transportation Fuel Market: Regional Analysis

 

North America

  • S.
  • Canada

 

Europe

  • Germany
  • Italy
  • France
  • K.
  • Rest of Europe

 

Asia Pacific

  • China
  • India
  • Japan
  • Rest of Asia Pacific

 

Rest of the World (RoW)

  • Brazil
  • South Africa
  • Rest of Latin America

 

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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.

 

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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.

Global Personal Protective Equipment (PPE) market size worth USD 67.6 billion by 2023

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Personal Protective Equipment (PPE) market size is forecast to hit USD 67.6 billion by 2023; as per a new research report by Global Market Insights, Inc. Rising employee safety and health concerns, along with high number of industrial fatalities in unregulated regional industries will drive the global personal protective equipment (PPE) market size.

India Personal Protective Equipment (PPE) market size, by product, 2015

India Personal Protective Equipment (PPE) market size, by product, 2015
U.S PPE market, being one of the most regulated regions, dominated demand, with over USD 12.5 billion revenue in 2015. Product innovation, with changing needs for protective gear that combines safety with attractiveness in terms of appearance will augment industry expansion.

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Safety guideline set by OSHA, especially in the U.S. will be a key growth facilitator. Rising fatality rate in core industries, including automotive, refining, metal processing and oil & gas will be a key parameter for demand development.

Hand protection, including industrial safety gloves market, is forecast to grow at 7% CAGR, from USD 8.7 billion in 2015. Food manufacturing, heavy chemicals, clinical diagnostics, pharmaceuticals, mining and metals are key application areas for this segment.
Personal protective equipment manufacturers design and supply products for different end-use industries by employing unique and innovative technologies. Most of them either have their own proprietary technology or license it from other industry participants.

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Key insights from the report include:

  • Global personal protective equipment market size was over USD 38 billion 2015, with 7.3% CAGR growth forecast from 2016 to 2023.
  • Industrial protective clothing market size, dominated by flame retardant apparel, is forecast to witness 7.4% CAGR growth, from USD 8.5 billion in 2015.
  • Protective footwear market is likely to witness moderate gains, with over USD 12.5 billion revenue estimate by 2023.
  • Strong construction indicators in South East Asia and Africa will likely result in a surge for head, eye and face protection demand over the forecast period.
  • Hearing protection devices increase communication capabilities for high noise environments where communication is paramount. Positive oil & gas outlook with rising number of shale plays in the region is anticipated to augment hearing protection demand in near future. APAC is expected to be the fastest growing hearing protection market with 6.7% CAGR forecast.
  • U.S. and Europe PPE market share is likely to be stagnant, with most of the industry being regulated with strict safety guidelines and product specifications.
  • APAC should continues being an attractive regional industry, with Japan, China and India personal protective equipment market share being over 86% regional demand in 2015. India PPE market size is set 8.2% CAGR growth from 2016 to 2023.
  • Global personal protective equipment market share is moderately concentrated over 60% global demand being met by top 5 participants in 2015. Core PPE manufacturing companies include RockFall Ltd., 3M Co., Alpha Protech, Ltd., Honeywell, JAL Group and DuPont.

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Worldwide cold chain market (3PL service provider) growth and industry key events 2020, PMR report

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Cold chain involves proper logistic planning of temperature sensitive products through thermal and refrigerated packaging methods. The application of cold chain is mainly applied to chilled and frozen foods to increase their self-life and maintain quality standard for long duration of time. Cold chain specifically helps in maintaining the bio-chemical and physical properties of the frozen foods and regulating market price in off-season. It also helps to prevent the product from loss and reduce the waste, which ultimately increases the overall income of manufacturer or producer.

After economic slowdown in 2010, many big players increased the investment on frozen food industry, which leads to directly impacted overall cold chain market. Use of cold chain involves in many industries such as fruits & vegetables, bakery, confectionery, dairy, frozen desserts, fish, meat and seafood. In order to maintain these food fresh for long run, there need a proper cold chain logistics system. This leads to helps in the growth of cold chain market across the globe.

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The global cold chain market is growing with a high potential. North America is the largest market for cold chain. The growth in demand of frozen chilled and frozen foods in western counties triggered the cold chain market in North America. Increasing demand of daily products, vegetables and fruits heading towards more export form one reason to another. This has also led to boost the cold chain market. Various initiatives taken by the government affect the cold chain market in Asia Pacific region. Indian government has decided to open mega food parks, which require temperature controlled vehicles and temperature-controlled warehouses. Government also allowed 100% FDI in cold chain industry. This leads boost to cold chain market in Asia Pacific. . In Europe, Germany is one of the largest markets due to the increased consumption of frozen foods.

Major companies operating in global frozen bakery market include, Americold Logistics, Burris Logistics, Cloverleaf Cold Storage, Conestoga Cold Storage, Congebec Inc.,  Dev Bhumi Cold Chain Limited, Fresh And Healthy Enterprises Ltd, Gati Kwe Ltd, Hanson Logistics, Henningsen Cold Storage Co, Interstate Cold Storage Inc., Snowman Logistics Ltd and Trenton Cold Storage Inc.

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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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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

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 fuel oil market to be driven by flourishing transportation industry

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The global market for fuel oil has been examined in a recent market research report by Transparency Market Research. The report, titled “Fuel Oil Market – Global Industry Size, Share, Trends, Analysis, And Forecasts 2018,” gives a forward-looking perspective of the market and presents detailed quantitative as well as qualitative data pertaining to the key market segments. The market has been studied from a global standpoint, in order to provide a broader perspective about the market’s present state, and from a regional perspective to give a much detailed overview of the state of the market and its segments in the present scenario.

The report states that the global fuel market is being driven by healthy growth in the petrochemicals, building materials, and transportation industries. As good quality fuel oil enhances engine life and maximizes productivity of machineries, its demand has increased across the globe concurrently with the flourishing transportation and industrial segments. However, the global fuel oil market is held back to a certain extent owing to the volatile prices of crude oil, a factor which has also prompted companies to push their research and development efforts towards finding alternative fuel sources.

The report examines the applications of fuel oil across end-use segments such as electricity industry, building materials industry, transportation industry, metallurgy, petrochemical industry, and petroleum refineries. Of these, the transportation industry was the largest consumer of fuel oil in 2011, followed by other significant end users such as petroleum refineries, and petrochemical industries.

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From a geographical perspective, the global fuel oil market has been examined for Asia Pacific, North America, Europe, and Rest of the World. Of these, Asia Pacific held the dominant position in the global market for imported fuel oil in 2011. From a country-wise scenario, the U.S. accounted for the largest share on a global front in terms of consumption of fuel oil in 2011; China dominated the fuel oils market in Asia Pacific.

The report gives a thorough analytical account of the impact of the most prominent market trends of current times and the key growth drivers and restraints. An analysis of recent technological developments and the way they will influence the market’s growth prospects is also featured in the report.

The report also gives an overview of the competitive landscape of the global fuel oil market, wherein Porter’s five forces analysis, detailed business profiles, SWOT analysis, and other details pertaining to some of the most influential vendors in the market is included.

Some of the major vendors in the market profiled in the report are Verona Products Pvt. Ltd., Alicid Organic Industries Ltd., Honari Co., Ningling Lanning Technology Co. Ltd., Concord Overseas, Sazeh Pardaz Simorgh Company, Bell Performance Inc., OOO Oil-Garant, and Moletech International Technology Limited.

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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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