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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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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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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 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.

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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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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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.

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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.

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

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

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.

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 eco friendly 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.

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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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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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 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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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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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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Abundant Deep Water Reserves to Create Heightened Demand for Offshore Lubricants, reports TMR

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The global offshore lubricants market is led by large MNCs, making for an expansive arena marked by intense competition. Companies such as Royal Dutch Shell, Total, Chevron, ExxonMobil, and Castrol have established strong brand equity over the years. This has resulted in a difficulty for new players to penetrate the market. For new entrants to gain a higher market share, creating a reliable distribution channel becomes a crucial factor, states a new report by Transparency Market Research (TMR). Since creating a good distribution channel requires time and capital, it is difficult for new entrants to survive in the market.

The threat of substitutes in the offshore lubricants market is low as lubricants are essential for every machine or moving part and there are no external substitutes for them. However, there does exist competition among different types of lubricants such as bio-based, synthetic, and semi-synthetic. Since the use of bio-degradable lubricants has been mandated by the EIA, there has been increased R&D into the production of cost effective bio-based lubricants. This is expected to increase the competition in the market.

Need to Improve Operational Life of Mechanical Parts Boosts Demand for Offshore Lubricants

The rise in the demand for energy is increasing by 1.5% per year, as per the BP Energy Outlook. Thus, there is a rise in the use of floating production storage and offloading (FPSOs) and offshore rigs in offshore exploration and production (E&P) activities. This in turn is increasing the demand for lubricants as they are extensively used in these activities. Constant developments in offshore lubricants are enhancing the operational life of mechanical parts, which in turn reduces unnecessary capital investments. This will further the demand for offshore lubricants.

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It is expected that many E&P activities will take place in Brazil and Africa. Thus, the demand for offshore rigs is steadily increasing and around 220 offshore rigs are under construction. These rigs are expected to be installed in various offshore fields across the globe and accelerate the growth of the offshore lubricants market.

Environmental Regulations Prohibit Use of Certain Lubricants

The growing environmental concerns over lubricant spills and leakages into the sea are forcing various government agencies to come up with new legislations compelling the use of eco-friendly lubricants. Guidelines set by the IMO state that seals, main propulsion, and stern tube bearings of ships operating in the ice covered waters in the Arctic, should not leak pollutants. Similarly, the Vessel General Permit regulation by the EPA has compelled ship owners to use environmentally acceptable lubricants (EAL). Oil companies are facing difficulty in the use of EALs as the many conventional rubber seal materials used are not compatible with the new EALs, says a TMR analyst. This, prohibits the use of EAL in these applications.

Offshore Fields in West Africa, Brazil, and Gulf of Mexico to Create Heightened Demand for Lubricants

High investments by major oil and gas exploration and production companies are creating a continuous demand for FPSOs and offshore rigs. There are many offshore fields in the Golden Triangle (West Africa, the Gulf of Mexico, and Brazil), which will result in large scale exploration and production activities. These fields have an average depth of around 1890 feet, thus requiring a large number of offshore rigs and FPSOs. This in turn is expected to create a heightened demand for offshore lubricants.

According to the report, the global market opportunity in offshore lubricants is expected to rise from US$134.67 mn in 2015 to US$183.50 mn by 2020. By end user, the offshore rigs segment led in the past and will continue to retain its leading position in the coming years. On the basis of application, the engine oil segment is expected to lead and account for 61.95% of the global offshore lubricants market by 2020. The Rest of the World, followed by Asia Pacific is anticipated to lead in the market in the coming years. The Rest of the World is expected to account for 32.49% of the global offshore lubricants market by 2020.

This information is based on the findings of a report published by Transparency Market Research titled “Offshore Lubricants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020.”

The global offshore lubricants market is segmented as follows:

End User

  • Offshore rigs
  • FPSO

Application

  • Engine oil
  • Hydraulic oil
  • Gear oil
  • Grease
  • Others (turbine oil, compressor oil, circulating oil, etc.)

Region

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

Research Report: http://www.transparencymarketresearch.com/offshore-lubricants-market.html

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

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

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

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

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

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

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

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

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

Key insights from the report include:

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

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

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

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

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

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

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

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

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

Nonreactive polyamide resins

Reactive polyamide resins

Oilfield chemicals

Others

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

North America

U.S.

Europe

Germany

UK

Asia Pacific

China

India

Latin America

MEA

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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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Smart Water Metering Market Size Analysis Report, 2024

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Smart Water Metering Market size is projected to expand at an exponential rate owing to increase in construction spending in both residential and commercial.

Smart water metering is internet capable measuring device used for water, energy and natural gas utilization for commercial and residential areas. These systems comprise of an electric meter, control unit, and water meter in one particular package. Traditional meters measure only water consumption whereas smart water meters record total resource consumption for daily use, including waste water used in industries and many others applications. Mart meters gather and use information with the help of information and communications technology (ICT) and by real time data generation. The reason behind installation of smart meters is to manage efficiency and increase operations in commercial areas, industrial zone, and residential area to reduce overall expenditures and carbon foot print.

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The support system of this advanced metering infrastructure (AMI) technology provides constant two ways data bond between utilities, consumers meters and technologies used to deliver the communication. Power line communication (PLC), broadband, telephony, optical fiber cable, cellular transmissions, and wireless radio frequency are generally used to operate the water meters. Introduced communication patterns will design and construct consumption pattern, and accurate billings at various area levels, to update other functional software’s such as geographic information systems (GIS), supervisory control and data acquisition (SCADA), followed by the departments includes customer services, reservoir, and pumping stations. Smart water meters also monitors current water consumption, by contributing data towards hydraulic modeling to predict changes and outcome in water distribution.
Smart water metering market introduces new approach for groundwater management with different parameters such as billing, control, data processing/collection, and measurement.  As estimated one third of the total costs is associated with treatment of water, therefor minimum water wastage will result into decrease in overall cost and energy. Engagement of smart water metering will help to identify performance problem, managing operating cost and challenges, which will help to improve and prioritize customer services infrastructure spending.

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These meters also help to detect water loss both in customer end point and distribution networks, which helps to maximize the savings. The ability to prevent and detect leakages which is main sources of water loss can be prevented by strategic data generated by AMI, which may positively impact on smart water metering market size growth during the forecast period. Growing construction spending in both residential and commercial area will increase demand and drive the smart water metering market during the forecast period.

About Global Market Insights:

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

Contact Us:

Jack Davis

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Global Market Insights, Inc.

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Source: Global Market Insights, Inc.

Subsea power grids market – A market waiting to boom as offshore exploration gathers steam

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The depleting onshore oil and gas reserves are driving more and more exploration companies to offshore locations. Setting up massive offshore rigs is a herculean exercise, but would prove pointless if there wasn’t enough energy to run these operations. This is where subsea power grids come into play. There have been limitations as to how much power could be transmitted via undersea cables and power transmission equipment. But companies are moving closer to offering a real, commercially-viable solution to this problem.

 

One of the most notable projects in this area is being undertaken by Siemens as it nears a test program for a subsea power distribution hub, which will be connected with a range of power transmission components. The soaring demand for subsea power transmission has created a sizeable subsea power grids market, which, analysts say, is expected display robust growth.

 

Currently, there are several limitations to subsea power transmission, the most critical drawback being limited the area across which power can be distributed underwater. Maintenance and repair of subsea components, notably transformers, is also assuming importance, and companies are developing prototypes that can be tested underwater to mitigate the impact of power-failure-related downtime at offshore rigs.

 

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However, there are also some companies that are getting to the root of the problem by developing innovative subsea power generation systems that can help curb costs associated with component repair and replacements in the event of a power failure. A case in point is Scotland-based East Coast Oil and Gas Engineering (ECOG) that has a grant from the Scottish government for its deep sea power generation system.

 

Currently, the many offshore oil and gas exploration activities reported in Latin America and Africa are expected to create appreciable demand for offshore power grids in these regions.

 

 

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About TMR

 

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

 

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

 

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Electrical submersible pumps (ESPs) market, revenue to grow to US$16.7 bn by 2022: TMR

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Electrical submersible pumps facilitate several operations in the oil and gas and water treatment industries. From pumping viscous material to handling solids and from pumping sludge to sewage, submersible pumps are designed to pump general effluent in rigorous conditions.

 

Typically, electrical submersible pumps can handle effluent in oil and water wells at depths of up to 15,000 feet in cases where the fluid output ranges from 200 bpd to 60,000 bpd. Despite falling prices, offshore explorations continue to be conducted off the coast of countries in South America and Africa. Moreover, as mature oilfields peak, the need to deploy high-efficiency pumps becomes a necessity. All of these factors will collectively play a part in taking the valuation of the global electrical submersible pumps market to US$16.7 billion by the end of 2022, from its valuation of US$10.6 billion as of 2013. This represents an 8.94% CAGR for the market for the period between 2014 and 2022.

 

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The oil and gas sector, which represents the largest consumer of electrical submersible pumps, is defined by disparate dynamics in different regions of the world. Here is a snapshot of the projected demand for electrical submersible pumps in different regions of the world:

 

Europe takes the lead in the global electrical submersible pumps market: The largest market for electrical submersible pumps exists in Europe. According to TMR analysts, the Europe ESPs market held just short of 60% of the global market in 2013. Analysts predict that Europe will continue to assert its dominance in the market thanks largely to a large number of mature oil fields in countries such as Kazakhstan, Russia, the U.K., and Norway. Europe was the largest market not just for onshore but also offshore ESPs. The region accounted for a share of 61.23% in the onshore electrical submersible pumps market and 55.81% in the offshore electrical submersible pumps market worldwide.

 

North America stands at a distant second with 20.28% of the global electrical submersible pumps market as of 2013. The North America electrical submersible pumps market has received an impetus from the increased shale gas production in the United States, causing a flurry of activity among manufacturers wanting to make the most of this emergent opportunity. Canada also contributes appreciably to the growth of the North America electrical submersible pumps market with installations of such pumps in the country having increased substantially over the recent past.

 

Asia Pacific could see increased ESP demand as China develops shale reserves: In the Asia Pacific region, there are several countries that help generate demand for electrical submersible pumps. Over the years, there has been a steady demand for ESPs from countries such as Malaysia, Australia, and China. China’s shale gas reserves are on course to being developed by 2017, presenting a veritable opportunity for companies in the electrical submersible pumps market. The Asia Pacific ESPs market is projected to be the most attractive over the next six years.

 

Although the market for electrical submersible pumps in Latin America has been slow to catch on, an uptick in the demand for such pumps from Central and South America will turn this scenario around.

 

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About TMR

 

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

 

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

 

Contact

 

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Subsea Production and Processing System – Industry Analysis and New Business Opportunities 2020

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The subsea environment is perhaps the most unexplored segment on earth. The isolation of subsea wells coupled with a complex interaction between ocean environment and subsea wells make monitoring, intervention and routine operation much complex. These systems are now being deployed in many fields to overcome the hurdles occurring at the time of production. One of the driving forces behind subsea production systems is the drastic reduction in development costs when compared with the traditional methods.  In most cases, the use of a subsea tieback is the only option to develop these resources.

 

With the rapid growth of subsea fields once thought to be less profitable due to the harsh conditions and huge expenses involved in the exploitation of the available resources, many companies are using subsea processing technology as one of the main methods of reducing operational expenditures. Traditional offshore development is mainly focused on the construction of fixed leg platforms in the shallow water. In deep waters, the emphasis has been on the use of floating production systems to existing production platforms.

 

However, with the applications of new methods industry is looking forward to new concepts like subsea processing. As opposed to the conventional method of processing reservoir fluids at process station, subsea processing holds promise in that, all the processing activities is carried out at the seafloor itself. Thus less cost is incurred and also it improves recovery factors from the reservoir. Other advantages comprise lesser susceptibility to hydrate formation and at lower operating expenditure.

 

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Subsea processing facilities holds the potential to off load equipment to the seafloor. This provides for a reduction in platform deck load requirements thereby reducing the backpressure imposed by the production riser. Subsea processing process can take place in numerous forms, comprising boosting scenarios and subsea separation. Strategic technologies that are essential for the successful implementation of subsea processing include compact separation, multiphase pumping and multiphase metering which varies in all the stages of maturity.

 

Multiphase pumps are used in conjunction with the other types of subsea processing schemes. Wet gas compressor or a multiphase pump represents the best choice for the gas stream.  If no gas stream is left to flow under its own pressure, a multiphase pump or wet gas compressor can boost the pressure of the gas stream even when it contains some amount of liquid by volume.

 

Cost of intervention in subsea wells is extremely high and has limited efforts to monitor wells. In general, pressure boosting at the seafloor is generally preferred rather than artificial lift in the wellbore due to the lower cost of intervention. Increasing flexibility using intelligent well technology is also seen as an alternative to well intervention.

 

Emerging economies and growing population are some of the key drivers of the subsea production and processing systems market. However, integration of new technology with the existing technology can hinder the growth of the market. Ample amount of opportunities are there for subsea production and processing system market as demand for energy is increasing at a healthy rate especially in Asia Pacific countries such as India and China.

 

Some of the key players in the subsea production and processing system market include FMC Technologies, Aker Solutions, GE Energy, Schlumberger Limited, Weatherford International, and Baker Hughes Inc. among others.

 

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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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Wastewater treatment chemicals market size is estimated to be worth more than USD 35 billion by 2023, growing at a CAGR of approximately 5.5%.

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Wastewater treatment chemicals market size was valued at over USD 22 billion and is estimated to be worth more than USD 35 billion by 2023, growing at a CAGR of approximately 5.5%.

U.S. wastewater treatment chemicals market size accounted for more than 35% of the total volume in 2015. Asia Pacific was around 9 billion in 2015 and is expected to reach approximately 15 billion by 2023, with estimated gains of more than 7.5%. China and India are likely to fuel demand owing to high population density and industrialization growth.

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Key chemicals include coagulants & flocculants, corrosion & scale inhibitors, pH adjusters, biocides & disinfectants, chelating agents, softeners, and anti-foaming agents. Coagulants & flocculants market size was valued at over USD 8.5 billion in 2015 and accounted for more than 25% of the total volume. It is expected to reach around USD 15 billion by 2023, with estimated gains of 5%.

Corrosion & scale inhibitors market is anticipated to witness significant growth due to optimum efficiency in maintaining correct water conditions, specifically for cooling systems. pH adjusters is likely to gain popularity owing to prevention capabilities pertaining to wastewater bacteria.

Processed or raw water is used in various applications including washing, cooling, and processing in several manufacturing industries such as pharmaceuticals, pulp & paper chemicals, metal & mining, power, semiconductors, oil & gas, and textiles. These industries are the major water pollution contributors. Increasing contamination owing to rapid industrialization accompanied by water scarcity has lead to stringent government regulations, which is likely to be the key driving factor for the industrial wastewater treatment chemicals market.

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Water consumption is consistently increasing with rapid urbanization and economic development in emerging countries. Water quality relies on various parameters such as hardness, pH, TDS (Total Dissolved Solids), and alkalinity. Water treatment chemicals are used to eliminate water impurities. These chemicals are also used to treat municipal water including cleaning and drinking water. The industrial sector needs water for washing, cooling, and processing.

Europe wastewater treatment chemicals market share is anticipated to grow at a significant rate due to increase in end-use industries such as pharmaceuticals, food & beverages and refineries. Middle East & Africa is expected to be an attractive wastewater treatment chemicals market owing to water scarcity, insufficient water structure, and outbreak of water-borne diseases such as cholera.

End-use industries include municipal and industrial segment. Industrial segment is bifurcated into textiles, power, oil & gas, semiconductors and pulp & paper. Oil & gas industry is likely to witness high growth owing to its large water consumption during exploration and processing. Demand from the agriculture industry is expected to increase owing to volatile climate and increasing water reusability & recycling trend.

Global wastewater treatment chemicals market share is comprised of Kemira, Kurita, BASF, Air Products & Chemicals, Nalco-Ecolab, AkzoNobel, BWA Water Additives, Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, The Dow Chemical Company, Lonza Group, and GE Water & Process Technologies.

Subsea valves market – business opportunities and forecasts 2016 – 2023

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The global subsea valves market is expected to grow owning to the increasing offshore oil and gas and subsea projects. Increasing energy demand coupled with declining onshore reserves has forced oil and gas exploration and production companies to increase investment and activities in offshore reserves which, accelerate the demand for subsea valves across the globe during the forecast period.

Subsea valves are used in various oil and gas exploration and production process across the globe. Subsea valves should be able to withstand all fluids that pass through them. These valves are used in marine environments ranging from a depth from shallow to deep and ultra-deep water. The size of valve specified is related to the volume of fluids that need to flow through it. The oil and gas industry is hazardous in nature. Hence, it is governed with various stringent regulations. The equipment used in subsea systems are very expensive, moreover any mishap can lead to environmental degradation and loss of produced fluids and delay in operations. This ultimately effects the earnings of a company. Hence, the valve used for the process should be able to withstand the harsh subsea conditions for safe and reliable operations. The type of valve to be used in a project is predetermined by operator engineers in the planning phase of the project. Then the company place order for valves with specification to the supplier.

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The global subsea valve market can be segmented on the basis of product type and geography. Various types of subsea valves are used such as subsea ball valve, subsea check valve, subsea gate valve, subsea needle valve and others. A subsea ball valve provides the user with a soft seating quarter turn isolation solution. The valve can be used for isolation of chemical and hydraulic fluids. Subsea needle valves are normally used on Christmas trees to isolate gasket test lines and down hole safety valve lines. Subsea gate valves are of various types: rotator gate valves, hydraulic actuated gate valves and manually actuated gate valves (ROV). These valves are suitable for high pressure and high temperature conditions. The use of high pressure and high temperature valves are mainly concentrated in the North Sea and the Gulf of Mexico due to harsh climate conditions. However, these valves also find application in some projects in Asia Pacific. There are several new exploration and production projects planned in regions such as West Africa and Brazil. Majority of investments in the offshore oil and gas industry is in these two regions.

Increasing investment in deep and ultra-deep reserves to fulfill the increasing energy demand and to reduce reliance on onshore reserves, the global offshore oil and gas industry is expected to grow in the forecast period. This will accelerate the growth of various associated industry such as subsea processing systems and subsea valves. Abundant untapped offshore deep and ultra-deep water reserves are expected to provide a great opportunity to the company in the coming year. However, unstable crude oil prices which make certain projects economically non-feasible are expected to hamper the global subsea valves market between 2015 and 2023.

Some of the key players in the global subsea valvesmarketare Oliver Valves Ltd., PetrolValves, BuTech, DAFRAM S.p.A., Perar S.p.A, Flowserve Corporation, Cameron, L.B. Bentley Ltd., and Cortec LLC among others.

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Electrical Submersible Pump (ESP) Cables Industry to Exhibit 4.70% CAGR by 2023, owing to Increasing Exploration Activities Worldwide

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Transparency Market Research, a global market intelligence firm, announces the publication of a new research report made available on the company website. The market research report, titled “Electrical Submersible Pump Cables Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2023,” provides a detailed analysis of the market. According to the research report, in 2014, the global electrical submersible pump (ESP) Cables market was valued at more than US$3 bn and is anticipated to reach a value of US$4.5 bn by the end of 2023. The market is projected to register a healthy 4.70% CAGR between 2014 and 2023.

 

Electrical submersible pump cables transmit surface power to the pump motor and are specially designed to perform under the downhole well setting. ESP cables are three-phase cables and differ mostly depending on the well specifications and geography. The increasing demand for ESPs worldwide and increase in the depth of oil wells are the major factors fuelling the growth of the global ESP cables market. In addition, the growing production from oil sands across the globe has provided huge opportunities for the growth of the major players operating in the market. However, limited usability in shale gas fields and the recent drop in oil prices has resulted in a reduction in production spending and offshore exploration, thus hampering the growth of the market.

 

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On the basis of application, the global ESP cables market has been classified into offshore and onshore ESP cables. In 2014, the onshore segment led the market, holding a 69.88% share in the global ESP cables market. The configuration of ESP cables depends on the surface and sub-surface components, differentiating it for offshore and onshore oilfields. On the basis of type, the global ESP cables market has been categorized into polypropylene, EPDM, and others. In 2014, the EPDM cables segment dominated the market, holding a 57.27% share in the overall market, whereas the polypropylene cables and others segments accounted for a 34.69% and 8.03% share, respectively, in the global ESP cables market.

 

By geography, the global ESP cables market has been segmented into South and Central America, North America, the Middle East and Africa, Europe, and Asia Pacific. In 2014, Europe dominated the market, accounting for a 60% share in the global ESP cables market. This region is anticipated to remain in the leading position throughout the forecast period, owing to the rising number of mature fields in the U.K., Kazakhstan, Russia, and Norway. Europe is followed by North America, which held a 20% share in the global ESP cables market in 2014. The substantial share of the North America market can be attributed to the rising production from oil sands in Canada and growing shale oil production in the U.S., which are the key contributors to the growth in ESP cable installations in the region. The increasing exploration and production activities in the South China Sea are estimated to augment the growth of the Asia Pacific ESP cables market in the next few years.

 

The research study has further provided a clear picture of the competitive scenario of the global ESP cables market. Some of the prominent players operating in the market are Borets Company, LLC, General Cable Corporation, Prysmian Group, Hitachi Metals, Ltd., Kerite, Weatherford International, Schlumberger Limited, Halliburton Company, and GE Oil & Gas.

 

Key Segments of the ESP Cables Market:

 

ESP Cables Market: By Application

 

  • Onshore
  • Offshore

 

ESP Cables Market: By Types

 

  • EPDM (Ethylene propylene diene monomer)
  • Polypropylene
  • Others

 

Research Report: http://www.transparencymarketresearch.com/electrical-submersible-pump-cables-market.html

 

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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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Artificial lift systems market characterized by ongoing alliances and expansion activities in vendor landscape

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Driven by the rising production of deepwater oil and the high volume of crude oil in matured reserves, the global artificial lift systems market is poised to expand at a 6.20% CAGR from 2014 to 2020. The value of the global market was pegged at US$13 bn in 2014 and this is projected to rise to US$19.8 bn by 2020.

Some of the top companies competing in the global artificial lift systems market are Flotek Industries, Inc., Weatherford International Ltd., Superior Energy Services, Inc., Kudu Industries, Inc., Schlumberger Limited, Halliburton Company, Borets Company LLC., Baker Hughes, Inc., Dover Artificial Lift, and National Oilwell Varco, Inc.

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Here’s a snapshot of some of the recent developments in the artificial lift systems market:

Weatherford’s Expanded Artificial Lift Systems Portfolio: Texas-based oil and natural gas service company Weatherford International Ltd. recently added a new product to its portfolio of existing artificial lift systems. The sand-tolerant pump is aimed at slowing production declines, optimizing the life of oil wells, and reducing workovers, and serves as a substitute for standard rod pumps in wells that have high sand production. The accumulation of sand in the plunger or barrel results in abrasions and the sand-tolerant pump prevents this accumulation, thereby reducing the chances of pump failure or inefficiency. The sand-tolerant pump has demonstrated the improvements made in the design of artificial lift pumps and the overall working in harsh and sand-laden environments.

Cimarron and Keane Group’s Acquisition Activities: Oklahoma-based oilfield equipment provider Cimarron Energy recently acquired North Dakota’s Diverse Energy Systems, bringing in significant design and production experience for operators in North Dakota’s oil and gas industry. Cimarron acquired Diverse’s field and manufacturing assets in North Dakota as well as Texas for an undisclosed amount and the company will now be able to offer artificial lift systems to its clients, along with other offerings such as processing, production, vapor handling, measurement/custody/transfer, and rental equipment. US-based well completion services company Keane Group acquired all of the US assets of Canada-based Trican Well Services for US$247 mn. These ongoing alliances have been significantly driving the North America artificial lift systems market.

Baker Hughes’ New Approach to Artificial Lift Systems: Texas-based Baker Hughes, one of the largest oil field services companies in the world, recently trialed a new adaptive production system, which it says, is a completely new approach to artificial lift systems. The Leap system was first installed in the Mississippi Lime play in Oklahoma at a depth of 5,200 feet. This new system is designed to adapt to changing production profiles that are typical in some of the most unconventional oil wells. Baker Hughes had set up its artificial lift research and technology center in 2014 and has been dedicatedly working on developing new artificial lift technologies.

Research Report: http://www.transparencymarketresearch.com/artificial-lift-system-market.html

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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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Increase in automobile sales coupled with strong manufacturing index is likely to drive lubricants market growth: Global Market Insights, In.

The size of lubricants market was anticipated as 37.73 million tons in the year 2014 and is predicted to touch 47.75 million tons till 2022, rising with a CAGR of 2.9% between the years 2015 to 2022 as per the research done by Global Market Insights. Increase in demand in 3D printing along with medical appliances is likely to further fuel up the market. Talking about revenue collection, market touched USD 37 billion in the year 2014 and is likely to go beyond USD 74 billion till 2022, with an annual growth rate of 8.5%. The main purpose of lubricants is to reduce friction, thereby avoiding wear and tear in automotive parts like piston, connecting rods and shafts. Exponential growth in industrialization will definitely bring boom to lubricants market trend.

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India along with Africa is the budding markets and India is likely to enjoy a huge growth. In 2015, Petronas Lubricants International (PLI) had come up with $50 million blending plant in Maharashtra, India. According to Giuseppe Pedretti, Asia head of PLI, India is a prominent market in Asia region and they are planning to expedite their business in India.

This industry is constructed on 25 acre and a production of 110 million liters is expected in a year. The factory is likely to start their business till the end of 2017.

Countries like India and China are noticing a significant expansion in sectors like metal forming, mining, machining and plastic industries and the demand of these sectors are likely to increase in near future. Indian market of lubricants is predicted to rise at a faster rate with an anticipated CAGR of beyond 11% between the years 2015 to 2022.

Browse Lubricants Market Size By Application (Automotive [Hydraulic & Transmission Fluid, Grease, Passenger Vehicle Engine Oils, Heavy-Duty Engine Oils, Automatic Transmission Fluid, Gear Oil], Industrial [Process Oils, Metal Working Fluids, General Industrial Oils, Industrial Engine Oils]), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India, Japan, LATAM, MEA), Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022 report at: https://www.gminsights.com/industry-analysis/lubricants-market

Market size of fluids is likely to rise with a CAGR of 8.6% between the years 2015 to2022. These process oils have a wide utility in technical and chemical sectors for lubrication. Booming demand of chemicals especially in Asia Pacific region is likely to increase the productivity of fluids.

Prominent oil and gas industries like Shell, Sinopec, British Petroleum and Idemitsu are integrated lubricant producers which focus on adequate supply of raw material for steady manufacturing of oils. With integrations, it becomes easier for these companies to expand their business. Most of the manufacturers have a contract with oil and gas industries for efficient supply of raw material. Depletion in crude oil extraction has resulted in crisis of raw material and hence, many companies are emphasizing on refining techniques for uninterrupted raw material supply.

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