News Archive for Mining, Mining News

Global Smart Mining Market: Rising Demand for Automation to Make IoT Integral for Operations and Processes.

The global smart mining market is dominated by numerous players specializing in a variety of fields, as smart mining inherently represents a combination of different technological fields. The leading companies in the global smart mining market include Trimble Navigation Limited, Hitachi Construction Machinery Co. Ltd., Sandvik AB, Alcatel-Lucent, ABB Ltd., Symboticware Inc., Cisco Systems, Caterpillar Inc., Joy Global Inc., Hexagon, Rockwell Automation Inc., Atlas Copco, SAP SE, Alastri, Komatsu Ltd., and Stone Three Mining Pty Ltd.

The global smart mining market was valued at US$5.9 bn in 2014. Exhibiting a robust 14.7% CAGR between 2016 and 2024, the market’s valuation is expected to rise to US$22.6 bn by the end of 2024.

Automated Excavators to Dominate Demand from Smart Mining Market

The global smart mining market is segmented on the basis of equipment type into robotic trucks, automated excavators, drillers and brakers, load haul dumps, and others. Of these, automated excavators were the dominant revenue generators for the global smart mining market in 2014, accounting for a share of 29.6% in the market. The importance of enhancements in excavators to the overall mining sector is likely to ensure steady dominance of the automated excavators segment in the smart mining market in the coming years.

By hardware component, intelligent electronic smart mining systems are likely to retain a high degree of dominance in the global smart mining market in the coming years, followed by sensors, RFID tags, and others. The rising demand for comprehensive monitoring systems in the mining sector is also illustrated in the dominance of the data and operation management software segment in the global smart mining market. Other key software segments of the smart mining market include safety and security systems, analytics solutions, logistics software, remote management solutions, connectivity solutions, and asset management solutions.

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Regionally, Asia Pacific is likely to remain the leading contributor to the global smart mining market by the end of 2024. While Europe and North America are likely to follow Asia Pacific in the global hierarchy, the Middle East and Africa are likely to emerge as key markets due to the steady growth of the mining sector in several countries in the region.

Steady Incorporation of IoT Solutions Vital for Smart Mining Market

The global smart mining market is driven primarily by the acknowledgement of the rising scarcity of extracted substances and the inefficiencies in the current paradigm of the mining sector. This has led to a growing demand for solutions to improve the workflow of the mining sector. Digital monitoring of mining operations helps maximize the efficiency of mining operations, which has become the key objective for the mining sector.

The steady development of the Internet of Things (IoT) has been beneficial for the smart mining market. IoT technologies and systems have improved the operations in the smart mining sector immensely and have enabled a higher degree of automation. The rising use of IoT technologies in several sectors across the world is likely to lead to steady development of the sector, which could become a driver of prime importance for the global smart mining market in the coming years.

On the other hand, the high initial investment requirements of the smart mining industry and the lack of global standards regarding the specifications of smart mining equipment are likely to keep the global smart mining market in check. However, the growing concerns regarding the effects of the mining sector on the environment could generate a significant investment influx into the smart mining sector in the coming years.

The global smart mining market is segmented as follows:

Smart Mining Market: By Automated Equipment

  • Excavators
  • Load Haul Dump
  • Drillers & Brakers
  • Robotic Truck
  • Other Automated Equipment

Smart Mining Market: By Hardware Component

  • Sensors
  • RFID Tags
  • Intelligent Systems
  • Others

Smart Mining Market: By Software Solutions

  • Logistics Software
  • Data and Operation Management Software
  • Safety and Security Systems
  • Connectivity Solutions
  • Analytics Solutions
  • Remote management Solutions
  • Asset management Solutions

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Sapphire (Gemstone) Mining Industry – Know NextGen Technological Advancements, Professional Survey and Future Mining Industry Trends – 2024.

Sapphire Mining Market: Overview

Sapphire is an aluminum oxide that falls under the corundum metal category. Under general use, sapphires qualify as a jewelry item. Certain sediments or rock formations are the major natural sources for sapphires. Artificial or synthetic sapphires are also manufactured for industrial purposes of the remarkable hardness of sapphires and of aluminum oxide in general. These sapphires are used in some non-ornamental applications, including infrared optical components, such as in scientific instruments, wristwatch crystals, movement bearings, and very thin electronic wafers, which are used as the insulating substrates of very special purpose solid state electronics, especially integrated circuits and LEDs.

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Most sapphires come from countries with strict guidelines on how mining may proceed. In Sri Lanka, mining is regulated so the land is protected from over-use. Here, sapphire mining is restricted to small-scale operations where heavy machinery is forbidden. Natural untreated sapphires are rare and are mined in a manner that ensures a stable market and secures the deposits for future generations. Strip mining such as in some emerald mining operations creates tremendous environmental damage and only benefits a few large companies that have the capital for a large-scale operation. This type of mining also results in a market that will fluctuate heavily when new deposits are found, as the new production will flood the market and prices will drop. Some sapphire producing countries do not allow mining activities that damage the environment or create unstable economic conditions. These responsible fair trade laws are regulated well and have existed for years.

Sapphire Mining Market: Drivers and Restraints

The sapphire mining market is affected by certain positive drivers, namely the increasing demand of sapphire for the production of jewelry and LEDs. Secondly, new deposits and mining sites have been recently discovered in parts of Australia and South Africa that have attracted a lot of companies to start exploration and mining of the gem.

Despite the positive growth, the industry has been facing certain restrictions in terms of extraction methods and the extent of extraction allowed. Government regulations have been put into place over concerns of ecological imbalance and environmental hazards that sapphire mining has caused over the years.

Sapphire mining has had a major impact on agricultural lands as well. Intensive capital requirement and availability of expertise for operations are also some of the factors that have hindered the progress of sapphire mining. Despite all the limitations, new opportunities lie in store. With the advent of new eco-friendly mining technologies, sapphire mining could see a spur of growth in the near future.

Sapphire Mining Market: Segmentation

Most of the world’s sapphire production and mining is carried out in Australia in the Asia-Pacific region followed by Sri Lanka, Myanmar Thailand, Laos, Malawi and Cambodia. The state of Montana in the U.S. leads the market in the North American region. No significant deposits have been discovered in Europe; hence sapphire mining there is limited. The African region also boasts a significant sapphire production dominated by Tanzania, Kenya, Nigeria, Madagascar and South Africa.

The sapphire mining market can be classified by the mode of mining undertaken for extraction i.e. from alluvial deposits or from primary underground workings. Mining depends on the content of the surrounding materials and the depth of the mine. Among these the shallow reserves can be penetrated by simple hand mining methods. Deeper ground is mined by digging shafts, while some fields consist of large-scale open-cut mining lease operations involving the use of heavy earthmoving equipment.

Sapphire Mining Market: Companies Mentioned in the Report

A few companies that are involved in sapphire mining are Sino Resources Mining Corp Ltd., Coolamon Mining Pty. Ltd., Herbert Drilling Coy., The Natural Sapphire Company and Lapigems Gem Company

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Marine lubricants market size to exceed $13 billion by 2023: Global Market Insights, Inc.

Marine lubricants market size was estimated at 2.6 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Increase in seaborne trade coupled with shipbuilding industry development should benefit marine lubricants market growth. According to International Chamber of Shipping (ICS), approximately 90% of the global trade was carried out by the international shipping industry.

Global marine lubricants market size looks poised for USD 13.1 billion revenue by 2023. Government initiatives such as the creation of Transatlantic Free Trade Area, Transatlantic Trade and Investment Partnership as well as other existing initiative such as Asia Pacific Trade agreements may favor marine lubricants demand.

Engine oil application was dominant and accounted for over 44% of the overall demand in 2015. Increasing ship engine capacity and efficiency has led to growth in engine oils demand.

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Marine engine oils classification includes TPEO (trunk piston engine oils) and MDCL (marine diesel cylinder lubricants). TPEOs are majorly employed in four stroke engine lubrication of costal and cruise ships, while MDCLs are employed in two stroke engines for large cargo or container ships.

South America marine lubricants market size, by application, 2012 – 2023 (USD Million)

South America marine lubricants market size, by application, 2012 - 2023 (USD Million)

Key issues, recyclability, aqueous toxicity and biodegradability, may challenge marine lubricant market share. Most additives used in product formulation are petrochemical derived; they can pose serious threat to water pollution.

According to MARPOL Annex VI regulation 13, by MEPC under IMO, NOx Tier III limits must be met. This requires lubes to prevent an increase in soot and visible exhaust emissions.

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EPA has formulated a directive named Environmentally Acceptable Lubricants in which specifications for lubes to be used in vessels are prescribed and can help in reducing impact on aquatic environment.

Industry collaboration with biotechnology companies to manufacture bio based lubes coupled with tax incentives to manufacture ecofriendly products may pave opportunities for marine lubes market size. Companies are expected to invest heavily in manufacturing product using bio-based raw materials such palm oil, castor oil, and animal derived oils.

To access sample pages or view this report titled, “Marine Lubricants Market Size By Product (Bio-Based, Synthetic, Mineral Oil), By Application (Grease, Hydraulic Oil, Engine Oil), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents, please click on the link below:

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Key insights from the report include:

  • Global marine lubricant market size is forecast to attain gains at 3.7% CAGR and register 3.47 million tons by 2023.
  • Mineral lubes market size was dominant by accounting over 86% the overall demand in 2015. Key supporting factors, low cost and easy availability of mineral oils, will most likely benefit this segment.
  • Europe marine lubricants market size, with Germany and UK as major contributors, dominated the overall consumption with over 1.07 million tons in 2015. Synthetic lube in Europe is forecast to attain highest gains at over 6.4% in revenue terms and register more than USD 500 million by 2023.
  • Asia Pacific, led by China, Japan and South Korea, is estimated to witness highest gains at over 3.9% CAGR up to 2023. Hydraulic oil application in Asia Pacific may grow significantly and register over USD 970 million by 2023.
  • North America, dominated by the U.S. shipping industry, may experience moderate gains and register over USD 1.65 billion by 2023. U.S. marine lubricants market size is forecast to reach over 340 kilo tons by 2023 with expected gains at above 3.2% CAGR.
  • Global marine lubricants market share is competitive and moderately consolidated. Notable industry participants include Chevron, ExxonMobil, BP Marine, Royal Dutch Shell and Total. Major industry participants are partnering with biotechnology companies to gain competitive advance.
  • Other prominent companies include LUKOIL, Sinopec, Quepet and Gulf Oil Corporation. Industry has witnessed joint ventures and mergers & acquisitions as key growth strategy.

 

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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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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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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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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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Personal Protective Equipment (PPE) industry size to be worth USD 67.6 billion by 2023

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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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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Intelligent Pigging Services Market Expected to Expand at a CAGR of 6.3%, 2025

Future Market Insights (FMI), delivers key insights on the global intelligent pigging services market in its latest report titled, “Intelligent Pigging Services Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025”. According to the report, the global intelligent pigging services market is expected to register a CAGR of 6.3% during the forecast period (2015–2025). Pipeline inspection gauges, also known as pigs, are devices used for inspection and maintenance operations of oil and gas pipelines. Intelligent pigs have an on-board electronic chip, which is used for recording the data about the condition of the pipeline. Intelligent pigs are widely used for corrosion and cracks detection.

Assessing various factors driving market growth, FMI analyst said, “Stringent government & industry regulations, expected economic revival and technological advancements in pigging services are surging demand for global intelligent pigging services market.” The analyst added that increasing awareness among pipeline operators about the benefits of regular inspection and maintenance of pipelines is expected to further fuel market growth. This is also expected to prompt original equipment manufacturers (OEMs) and vendors of intelligent pigs to introduce innovation in inspection technologies such as magnetic flux leakage (MFL) and ultrasonic test (UT) to improve efficiency of services.

The global intelligent pigging services market is segmented on the basis of technology into MFL and UT. Among these, demand for MFL is significant, accounting for 66.6% share of the global intelligent pigging segment market in 2014. As per FMI estimates, this segment is projected to register a CAGR of 6.5% during the forecast period.

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On the basis of end-use industry, the global intelligent pigging service market is segmented into gas industry and oil industry. The gas industry segment in the global intelligent pigging services accounted for 80.4% market share in 2014. FMI estimates the gas industry segment expected to register a CAGR of 6.2% between 2015 and 2025, to account for US$ 657.0 Mn by 2025. The oil industry segment is estimated to account for 19.8% share by the end of 2015 and is forecast to increase at a CAGR of 6.7% through 2025. Currently, the gas pipeline network is larger than that of oil, and this trend is expected to continue during the forecast period as well. Thus, the gas industry segment is projected to dominate the global intelligent pigging services market over the forecast period.

Increasing consumption of petroleum products and natural gas is expected to fuel demand for intelligent pigging services globally. In addition, economic revival in regions such as Eastern Europe, Western Europe & North America and economic growth in regions such as APEJ and Latin America are expected to propel growth of the global intelligent pigging services market over the forecast period.

The global intelligent pigging services market is segmented on the basis of regions into North America, Eastern Europe, Middle East & Africa, Asia Pacific Excluding Japan (APEJ), Western Europe, Latin America and Japan. North America accounted for 48.9% revenue share in the global intelligent pigging services market in 2014, and is expected to continue to dominate the global market over the forecast period. One of the smallest intelligent pigging services market, Latin America is expected to register the highest CAGR during the forecast period. The APEJ market is projected to register a CAGR of 7.1% over the forecast period

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Key players across the supply chain in the global intelligent pigging services market include OEMs/vendor of intelligent pigging services and oil & gas explorers and producers. The OEMs/vendors that we have analysed are LIN SCAN, T.D. Williamson, Inc., Baker Hughes Incorporated, GE Oil and Gas (PII Pipeline Solutions), NDT Global and Enduro Pipeline Services Inc. The oil & gas explorers and producers analysed in the report are Petrobras, OMV Group, ConocoPhillips and Royal Dutch Shell Plc. Major OEMs/vendors operating in the global market are focused adopting advanced inspection technologies to enhance efficiency of services. Pipeline operators are entering into long-term supply contracts with OEMs/vendors to minimize effect of increasing costs of intelligent pigging services.

In future, OEMs/vendors should continue investing in the North America and Eastern Europe market. At the same time, APEJ and Latin America are expected to generate significant demand for intelligent pigging services. OEMs/vendors should focus on improving combinational technologies, as these are more effective and advanced that individual technologies currently used for pigging services.

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Global synthetic paper market size to exceed USD 405 million by 2023: Global Market Insights, Inc.

Global synthetic paper market size was estimated at 130.8 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Stringent environment protection regulations for sustainability will drive global synthetic paper market size as an alternative to wood pulp.

Packaging & labeling industry expansion and the need to have sustainable and environment friendly paper solution will play an important role in instigating demand. Biaxially Oriented Polypropylene (BOPP) synthetic paper market segment was the largest, with consumption of over 77 kilo tons in 2015. Easy coating, laminating, and printing process coupled with cost benefits were key influencing factors.

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Global non-label synthetic paper market share is projected to exceed 127 kilo tons up to 2023. Non label applications were the most preferable owing to longer life span and are majorly used in making banners, maps, and graphics.

MEA synthetic paper market size, by product, (KT), 2012-2023

MEA synthetic paper market size, by product, (KT), 2012-2023

Europe high density polyethylene (HDPE) synthetic paper industry was close to USD 26 million in 2015 and is predicted to grow at rapid pace with over 6.3% CAGR up to 2023.

Low crude oil prices over the last two years have resulted in correction of synthetic paper market price. This trend may witness a slight upswing in industry costing from 2017 with expected recovery in crude oil prices. Being key feedstock, HDPE and polypropylene (PP) costs play a significant role in deciding industry profitability.

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Key insights from the report include:

  • Global synthetic paper market size is projected to register 209.7 kilo tons by 2023, with an estimated gains at 6.1%.
  • Label market growth is estimated to be the highest, with gains at 6.3% up to 2023 and predicted to exceed 80 kilo tons. Important uses include stack & shrink labels, pressure sensitive, in-mold and wraparound labels.
  • HDPE product revenue exceeded USD 87 million in 2015 with 7% CAGR forecast up to 2023.
  • APAC, led by China synthetic paper market size, was the dominant regional industry and accounted for more than 37% of the total demand in 2015. BOPP demand was the highest in APAC and registered close to USD 55 million in 2015.
  • Low manufacturing cost in India and China may attract new investment in the region.
  • North America, influenced by U.S. industry growth and regulatory compliance, registered over USD 55 million in 2015 North America label market is predicted to witness significant growth at 7.0% in revenue terms up to 2023 due to strong application scope in pharmaceutical and food & beverages packaging.
  • Synthetic paper market share is highly consolidated with key MNCs holding large market share and catering to over 75% of the total demand. Yopu Corporation, PPG Industries, Arjobex, and DuPont were among the leading MNCs. Joint Venture and product portfolio expansion are among the key growth strategies.
  • Other industry participants include Hop Industries, American Profol, Taghleef Industries, Neenah Paper, and Nan Ya Plastics.

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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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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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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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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Increasing transport infrastructure development worldwide and favorable government initiatives is expected to drive earthmoving equipment market growth: Global Market Insights, Inc.

Earthmoving equipment market size is projected to reach USD 192.45 billion by 2023; as per the latest research report by Global Market Insights, Inc. growing adoption in the commercial sector, favorable Government initiatives and growing transport infrastructure development worldwide will drive the global market size.

Global Market Insights has announced the addition of a new market study based on the Earthmoving equipment market. The report analyzes the restrainers, drivers and challenges of the market, future growth potentials and its impact on the demand shaping the market during the predicted period from 2015 to 2023.

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Excavators will continue to be the most attractive equipment with more than 9% CAGR from 2016 to 2023. Real-time monitoring features for identyfying and supervising system failure are expected to drive demand.

Earthmoving Equipment Market Size

The multifunction equipment is preferred over single-function equipment for saving the cost. This also reduces the time and labor required to accomplish the task with improved efficiency and extended productivity as added advantages. Rising investments in R&D to discover solutions to enhance product offerings will propel the market.

Earthmoving machinery is mainly applied in the construction industry. The construction industry is predicted to maintain its dominance, with more than 60 % of the Earthmoving machinery market share. Excavator are used in surface level and below ground operations. Rising demand in factories and manufacturing facilities will drive the excavator segment growth. Obtaining construction equipment on rent or lease is a rising trend. The construction equipment rental market is predicted to exceed USD 85 billion by 2023.

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In Private and Government sectors, increasing demand for technologically advanced solutions, featuring better material handling and improved fuel efficiency combined with lower emissions and safety is expected to propel the market worldwide. Europe earthmoving equipment market share will remain steady, with revenue forecast to exceed 43 billion in predicted timeframe.

The growing trend towards the usage of used heavy machinery across numerous countries may prove to be a threat to the new products that are to be launched in the segment. Increasing expenditure on infrastructure activities is also forecast to escalate demand, notably over the coming years.

Some of the key participants operating in the global earthmoving equipment include John Deer, Caterpillar, Komatsu, Volvo, Hitachi, Liebherr, Doosan, etc.

Waterproof Breathable Textiles Market size over $2 billion by 2022

Waterproof Breathable Textiles (WBT) Market size is forecast to hit USD 2.18 billion in revenue by 2022, as per a new research report by Global Market Insights, Inc. Expansion of eco-friendly products coupled with rising demand in active sportswear is anticipated to drive demand over the forecast timeframe.

Waterproof breathable garments market size was valued at over USD 875 million in 2014. It is anticipated to witness gains at 5.1% CAGR from 2015 to 2022. Increasing adoption in several applications such as mountain sports and trekking has driven global demand. Footwear is projected to surpass USD 550 million by 2022, at an estimated CAGR of 6.0% over the coming six years.

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Growing popularity of fitness-related sports such as running, walking, swimming, and cycling owing to health awareness has generated demand for sports apparel and shoes, which is expected to fuel consumption over the coming few years. These products deliver more strength, lighter weight, longer durability, and are thereby used across several outdoor recreation products that include backpacks, tents and other fabric-based garments or gear.

       Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

Increasing use of recycled PET bottles in fabric production is also expected to fuel waterproof breathable textiles industry growth. Change in consumer preferences in outdoor activities could pose a challenge for industry participants.

Key insights from the report include:

  • High densely woven waterproof breathable textile market price trend and mounting demand from application areas including military, medical and work wear is likely to drive revenue to USD 231.5 million by 2022.
  • The use of coatings is expected to witness slow growth owing to increasing popularity of membrane technology.
  • Active sportswear will continue accounting for over 80% of the global waterproof breathable textiles market share through the forecast timeframe. Breathability is of vital importance in sports to ensure ventilation to the skin during perspiration; as a result, a large number of manufacturers ensure the presence of this attribute.

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  • Europe waterproof breathable garments market size leads global demand with revenue forecast to exceed USD 690 million by 2022. Rising consciousness towards health and fitness issues along with increasing sports activities in this region is likely to drive growth from 2015 to 2022. Asia Pacific waterproof breathable textiles market share is anticipated to grow at 7.2% in terms of volume.
  • Key industry participants include W. L. Gore & Associates and eVent (General Electric). The players offer environmentally viable products that are PTFE-free, PFC-free and recyclable. Other participants include APT Fabrics, Columbia Sportswear, Heartland Textiles Co. Ltd., Patagonia, The North Face, Helly Hansen, Jack Wolfskin, Nike, and Mountain Hardwear among others.
  • Manufacturers offer products ideal for cycling-wear, skiwear, and outdoor clothing such as hunting and mountaineering jackets, sailing apparel, rainwear, golf-wear, windbreakers, etc.
  • A few others offer products for medical and military & defense applications. They emphasize mainly on cost savings by manufacturing products in low-cost regions, and aim on decreasing overhead cost by implementing measures such as outsourcing arrangements and additional relocation of production plants.

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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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Global Dimer Acid Market size worth $2.26 billion by 2023: Global Market insights, Inc.

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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.

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

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

Dimer Acid market Size

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.

 

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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.
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.
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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.

Browse key industry insights spread across 70 pages with 48 market data tables & 18 figures & charts from the report, “Dimer Acid Market Size By Application (Nonreactive Polyamide Resins, Reactive Polyamide Resins, Oilfield Chemicals), Industry Analysis Report, Regional Outlook (U.S, Germany, UK, China, India), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/dimer-acid-market

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Unmined Reserves of Rare Earth Metals to Continue to Present New Opportunity for Growth, reports TMR

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The global rare earth metals market is highly concentrated and marked by the presence of a large number of manufacturers. The top six players accounted for 68.5% of the total market in 2012. Molycorp, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co., Lynas Corporation Limited, Great Western Mineral Group, China Rare Earth Holdings, and Indian Rare Earths Limited are the leading manufacturers in the global rare earth metals market. In order to expand their revenue base in other geographies and product segments, companies are opting for mergers and acquisitions and joint ventures to develop a strong distribution network around the world. Players are also striving to develop cost effective technology, Transparency Market Research (TMR) finds in a new study.

The growing demand for these metals and their premium price are luring new players in the market. The threat of substitutes will be medium in the coming years. The export restrictions from China has created a demand supply gap, which has led consumers to look for other alternatives. Some companies have started focusing on R&D in order to develop new substitutes. A case in point would be General Electric. The company has invested on R&D for engineering nanocomposites to reduce dependency on neodymium for the production of magnets. Thus, the threat of substitutes is expected to rise from low to medium in the coming years.

Growth in Permanent Magnet Industry to Boost Demand for Rare Earth Metals

The growth in the permanent magnet industry is expected to drive the demand for rare earth metals. The developing application markets in China and Japan such as consumer electronic, standard automotive, electric bicycle, and air conditioning have triggered the growth of the permanent magnet industry. This in turn has fueled the demand for rare earth metals. Rare earth metal catalysts are used in automobiles, glass, phosphors, and metallurgical industries, thus boosting the market.

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Rapid developments in end user industries in China have triggered the demand for rare earth metals. The growth of the market is also due to the swift economic growth in China. The phosphors application market is responsible for the high demand of rare earth metals such as terbium, europium and yttrium. Phosphors application areas which make use of these metals include florescent lamps, CRT displays, and LCD screens.

Environmental Concerns Restrict Export of Rare Earth Metals

The mining, refining, and recycling of rare earth metals have serious environmental consequences. Poisonous chemical and radioactive materials are released into the environment during the refining process. Such concerns such have caused the Chinese government to restrict the exportation of these metals.

Another challenge faced by the market is the depleting reserves of these metals. 97% of the rare earth metals are supplied by China. This is leading to an over exploitation of existing reserves as the demand for these metals rise from wind turbines and electric vehicles industry. Another factor hampering the growth of the market is the high capital investment required for the extraction of these metals.

Exploration of Untapped Reserves to Hold Opportunities of Growth

Although China supplies a major portion of rare earth metals, the reserves of these metals across other parts of the world remain unexplored. The unmined reserves will thus provide new growth opportunities in the market.

According to the report, the global market opportunity in rare earth metals is expected to rise from US$5,649.7 mn in 2015 to US$8,195.4 mn by 2018. By type, the cerium segment is expected to lead and account for 37.8% of the global market by 2018. On the basis of application, the magnets segment, followed by the metallurgy segment is expected to lead in the coming years. The magnets segment is anticipated to account for 22.9% of the global rare earth metals market. By geography, Asia Pacific not only held a major share in the past but is also expected to lead in the market in the future. Asia Pacific is expected to account for 81.3% of the total market.

This information is based on the findings of a report published by Transparency Market Research titled “Rare Earth Metals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018.”

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About TMR

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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