Isosorbide Market Hit Almost USD 703.1 million Figure By 2025

The global Isosorbide Market size is expected to value at USD 703.1 million by 2025. The isosorbide industry is subject to witness a substantial growth due to the growing construction and manufacturing activities, and favorable government initiatives. Development of the eco-friendly products are expected to fuel market demand for isosorbide in the upcoming years. Globally, the isosorbide market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

Mononitrate and dinitrate, which are byproducts of the isosorbide, are largely utilized in various pharmaceutical & medicine application, thereby fostering market growth in the upcoming years. Rapid expansion of the bio-plastics industry and shifting trend towards bio-based products are anticipated to drive market growth in the upcoming years.

Additionally, increasing demand of bio-based polyethylene terephthalate (PET) from European and Asia Pacific region is considered as one of the major driving factor for market expansion in the recent years. In addition, growing manufacturing and construction activities from BRICS economies such as Brazil, Russia, India, China, India, and South Africa are expected to boost market demand for isosorbide over the forecast period.

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Increased manufacturing rate and lowered production cost, particularly in the Asia Pacific region are projected to stimulate the growth of isosorbide industry over the forecast period. Bio-based plastic are gaining traction from food & packaging sector, in the recent years. The recent technological advancement in the manufacturing sector coupled with development of novel products such as isosorbide ethers, isosorbide esters, isosorbide nitrates, isosorbid and isosorbidephosphates are bolstering market expansion in the last few years. In addition, declined cost of raw material and availability of skilled labor force are anticipated to offer lucrative growth opportunities for industry participants in the near future.

Increasing funding by government as well as private bodies for research & development of advanced functional polymers along with introduction of isosorbide as a monomer or additive is predicted to positively affect market growth in upcoming years. Numerous laws & regulation in regards to excessive use of synthetic polymers has led to early adoption of bio-based products thus escalating market growth further. Moreover, increase in the number of government initiatives to promote biotechnology and use of eco-friendly raw materials are expected to amplify the market value of isosorbide.

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Resins and polymers are considered as one of the fastest growing segment in the isosorbide market with substantial revenue generation in the last couple of years. Growing popularity of the resins and polymers market segment is attributed to shifting consumer preferences towards bio-based products in polymers and plastics sector. In addition, lower cost of the products and abundant availability of raw materials are driving market demand of the resins and polymers market segment.

Iosorbide commonly occurs as a white-colored, crystalline, highly hydrophilic solid. Iosorbide possess V-shaped bicyclic structure. The two secondary hydroxyl group present in the Iosorbide offer differential structure orientation, thus providing it with variable chemical reactivity. Such properties provide a selective mono-derivatization of isosorbide. These properties makes isosorbide the monomeric units for novel polymers. These factors are anticipated boost market growth of isosorbide over the forecast period.

The isosorbide industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in chemical industry, shifting trend towards bio-based products, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the isosorbide market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rapid industrialization, strong economic growth, rising demand for bioplastics and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the isosorbide industry are Roquette Frères S.A., Jinan Hongbaifeng Industry And Trade Co., Ltd., EcogreenOleochemicals Pte., Ltd., Cargill Inc., NovapheneSpecialities Pvt., Ltd., Mitsubishi Motors Co., J.P. Laboratories Pvt., Ltd., S.K. Chemical Co., Ltd., and Par Pharmaceutical Inc.

Gum Rosin Market Will Reach Height of USD 2.49 billion By 2025

Gum rosin is a natural solid form of pine oleoresin obtained from the pine trees.

Gum rosin is a natural solid form of pine oleoresin obtained from the pine trees. It is also known as “colophony” due to its range of colors from yellow to black. It is a raw material used in industries. It is exclusively used as coating material for release of control fertilizer. It is an organic compound of resin acid, monoterpene, and turpentine. The Gum Rosin Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing demand from end users like printing inks and synthetic rubber, vast growth of adhesive and synthetic rubber industries, high demand for high-grade gum rosin products, and availability of low cost labor are documented as the major factors that are estimated to enhance the growth in the years to come. However, unfavorable weather conditions may restrain the overall market growth in the years to come. Gum Rosin Market is segmented based on product type, application, and region.

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K, WW, M, WG, XN, and the other product types could be explored in Gum Rosin in the forecast period. WW gum rosin sector accounted for the substantial market share of Gum Rosin and is estimated to lead the overall market in the upcoming period. In terms of revenue, the sector is estimated to grow at a significant CAGR in future.

The market may be categorized based on application like synthetic rubber industry, foodstuff industry, metal processing industry, papermaking industry, paints and coating industry, construction materials industry, printing ink industry, bactericide industry, and others.

Globally, Asia Pacific accounted for the substantial market share of Gum Rosin and is estimated to lead the overall market in the coming period. This may be because of high demand from developing countries and presence of key manufactures in the region. China is a major producer & consumer of Gum Rosin with significant market share in terms of volume in this region. This may be because of developing industries like paper sizing, printing inks, adhesives, and synthetic rubber in the country.

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The key players of Gum Rosin Market are DeqingYinlong Industrial, CeluloseIrani SA, Pasadena Engineering Indonesia, Wuzhou Pine Chemicals, Forestarchem, Forestar Chemical Co. Ltd., Wuzhou Sun Shine Forestry & Chemicals, Indonesia Pinus, and Xinhui Overseas Chinese Industry. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.

Market Segment:

Product Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)
    • WW
    • WG
    • XN
    • M
    • K
    • Others

Application Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)
    • Rubber Softener
    • Adhesives
    • Paper Sizing
    • Thermoplastic coatings
    • Food
    • Inks
    • Others

Obesity Treatment Market Will Reach Height of USD 15.6 billion By 2025

Global Obesity Treatment Market is anticipated to reach USD 15.6 billion by 2024. Obesity is a disorder wherein extra body fat gets accumulated to such amount that it may have adverse effects on health. The factors that propel the growth of the obesity treatment market include increasing occurrence of obesity and type 2 diabetes, growing consciousness, and improving healthcare infrastructure in developing market such as China, and India, technological advancement.

On the other hand, there are factors that may hamper the growth of the market including lack of consciousness towards availability of medication, and high cost of medicine. Obesity Treatment industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Obesity Treatment industry may be explored by drugs type, application, and geography. The market may be explored by drugs type as Satiety, Appetite Suppressants, Malabsorption, and Combination Drugs. The “combination drugs” segment led the Obesity Treatment Market in 2015 and is anticipated to maintain its dominance by 2024 due to increasing occurrence of obesity and the synergistic result of combination therapy in weight management.

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The market could be explored based on devices and surgery as Endoscopic Procedures, Roux-en-Y, Gastric Bypass, Adjusting Gastric Banding, Sleeve Gastrostomy, Biliopancreatic Diversion with Duodenal Switch, and Others. The “Gastric Bypass” segment led the Obesity Treatment industry in 2015 and is anticipated to maintain its dominance by 2024.

North America accounted for the major share of the Obesity Treatment Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes robust government funding and support, technical developments in this region, increase in childhood obesity rates, rising in obese populace, changing lifestyle, surge in membership for health clubs, and heavy R&D funds deployed to change rational and effective obesity treatment procedures. North America is followed by Asia-Pacific region.

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Some of the key players that fuel the growth of the Obesity Treatment industry comprise Arena Pharmaceuticals, Inc., VIVUS, Inc., Novo Nordisk A/S, F. Hoffmann-La Roche Ltd., Allergan Plc, Medtronic, Cousin Biotech, Ethicon (subsidiary of Johnson & Johnson), USGI Medical, Inc., and Enter Medics, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Medical Electronics Market Will Generate About USD 219.0 billion By 2025

Global Medical Electronics Market is expected to reach USD 219.0 billion by 2024. Medical Electronics is termed as an instrumentation used in physiological measurement in an area of engineering, medicine discipline, and biology. There are several opportunities for industry and new scientific findings. The future of medical electronics novel biometric appliances, devices, instruments, and systems will be established to treat neurological disorders or chronic diseases and extend life. The Medical Electronics Market is estimated to grow at a significant CAGR of 7.9% over the forecast period as the scope and its applications are rising enormously across the globe.

Rising demand for patient tracking and other monitoring activities, changing lifestyle, growing acceptance of wearable electronics, growth in aging populace and increasing health awareness among populace are documented as major factors of Medical Electronics Market that are estimated to enhance the growth in the years to come.

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However, high refurbishment & maintenance cost and strict regulatory policy for product approval are the factors that may restrain overall market growth in the years to come. Medical electronics industry is segmented based on product type, component, application, and region.

Non-invasive and invasive are the product types that could be explored in Medical Electronics in the forecast period. Non-invasive sector comprises monitoring devices and imaging devices. On the other hand, invasive sector comprises endoscopes, pacemakers, gastric electric stimulators, implantable cardioverter- defibrillators (ICDs), spinal cord stimulators, and implantable loop recorders (ILRs). Non-invasive sector accounted for the substantial market share of Medical Electronics and is estimated to lead the overall market in the coming years.

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Microprocessors/Microcontrollers, Sensors, Displays, Batteries, and Memory Devices are the components that could be explored in Medical Electronics in the forecast period. Batteries sector accounted for the substantial market share of Medical Electronics and is estimated to continue its dominance in the coming years. This may be because of rising adoption of wireless medical devices and growing innovation.

The market may be categorized based on applications like Treatment, Diagnosis, Monitoring and others that could be explored in the forecast period. Monitoring sector accounted for the significant market share of Medical Electronics and is estimated to lead the overall market in the coming years as rising use of home care settings and ambulatory care centers. This may be because of increasing acceptance of telemetry and remote monitoring. The device monitors patients from protracted distance, recommend treatments to patients, and perform intraoperative procedures.

Globally, North America accounted for the substantial market share of Medical Electronics and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be developed healthcare infrastructure, highly equipped laboratories, rising use of technologically advanced medical device, and high demand for medical electronics in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise growing population with respiratory diseases, developing healthcare infrastructure, technological enhancement, and rising awareness among populace regarding modern technology and their benefits. The developing countries like India and China are the major consumers of Medical Electronics in the region.

The key players of Medical Electronics Market are Texas Instruments, Philips Healthcare, GE Healthcare, Inc., Siemens Healthcare, STMicroelectronics N.V., Medtronic Plc., NXP Semiconductors N.V., and Analog Devices, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Epoxy Resin Market Is Burgeoning Worldwide By 2025

Global Epoxy Resin Market is anticipated to grow considerably in the forecast period owing to the growing industrialization and the growing development in electronic and electrical equipment. Epoxy is a chemical known for its versatility. It is highly used in chemical compounds that has created a niche market for numerous industrial applications. Epoxy resins are used in decorative flooring, in fabric applications for surgical and dental treatments, printing inks, etc.

Epoxy resins also have applications as additives for several plastic materials like acrylic & vinyl resins and synthetic &natural rubbers. Currently, epoxy resins are extensively used in numerous structural and engineering applications like electrical industry, commercial and military planes. To improve the performance of products and maintaining cost-efficiency, several new fillers are bring introduced into resins while processing.

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Epoxy resins have extensive applications as an insulation in electrical and electronic that need protection in extreme and hazardous environments like engine management, deep sea, and chemical plant equipment due to the properties like high mechanical and physical strength, excellent dimensional stability, good dielectric properties, and more. They also have applications in keeping switches, generators, motors and transformers clean, dry and free of shots.

Moreover, the growing consumption rate of electronic and electrical equipment on a commercial scale in emerging economies like China & India is predicted to drive epoxy resin industry. Epoxy resins have also created strong presence in paints & coating industry. They offer two major advantages that comprise protection and decoration. Several industries make use of paints & coatings for different purposes. They can be stated as primer tie coats, abrasion resistant coating, anti-corrosive primers, heat & fire resistant and chemical coatings.

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In the same way, epoxy sealants and floor paints are other items that can be used as coatings on the floor to make it durable and decorative. Residential sector is consistently progressing with improved construction in Europe. Despite multiple properties of epoxy resins like superior adhesion, chemical& water, and corrosion resistant, durability, etc. high cost and fluctuating raw material could easily obstruct the growth of epoxy resins market.

Epoxy resin industry is categorized on the basis of type, technology, application and geography. On the basis of type, epoxy resin market is divided into glycidyl epoxy and non-glycidyl epoxy. Glycidyl epoxy is expected to lead the epoxy resins industry due to its increasing use in powder coating applications. Based on technology, the industry is divided into liquid epoxy, solvent cut epoxy, waterborne epoxy, and others. Owing to the increasing use of waterborne epoxy in powder application, it is predicted to lead the market in the coming years.

In terms of application, epoxy resin market is split into building & construction, electrical & electronics, adhesives & sealants, automotive & transportation, marine, and others. Due to the speedy development and growing infrastructure, building and construction segment is expected to flourish the market in future.

Geographically, the market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Due to the spurring demand for the product and rapid industrialization in the emerging regions, Asia Pacific is predicted to dominate the industry in the years to come. The prominent players in epoxy resin industry comprise Cytec Solvay Group., BASF SE, Hexion Inc., E I DuPont de Nemours and Company, 3M Company, Dow Chemical Company, Kukdo Chemicals, Nan Ya Plastics Corporation, Olin Corporation, and Huntsman Corporation.

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Gelatin Market Will Reach Height of USD 4.08 billion By 2025

Growing alertness between foodstuff & liquid refreshment companies about emulsification and self-stabilization possessions of gelatin are likely to motivate the demand.

The global Gelatin Market is estimated to touch US$ 4.08 billion by the completion of the prediction period. The gelatin industry scope was 412.7 kilo tons in the year 2015. It is estimated to develop at a substantial CAGR for the duration of the prediction.

Growing alertness between foodstuff & liquid refreshment companies about emulsification and self-stabilization possessions of gelatin are likely to motivate the demand. The subdivision of Foodstuff &Liquid refreshment manufacturing was the biggest application sector during the year 2015. It had used up 119.6 kilo tons of gelatin during that year. Growing alertness in the direction of nutritive enhancement in foodstuffs & liquid refreshment is projected to encourage the use of the product in a wide-ranging variety of uses together with Meat, Dairy Products, Dessert Course, and Confectionaries.

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Increasing awareness concerning microencapsulation in the wide-ranging variety of applications comprising healthcare and foodstuff & liquid refreshment is estimated to expose new-fangled marketplaces above the following eight years. The Gelatin market on the source of Type of Application could span Personal Care, Medicines, Photography, Nutraceuticals, Foodstuff & Liquid Refreshment [Dessert Course, Dairy Products, Liquid Refreshment, Poultry & Meat Products, and Confectionaries] and others.

The subdivision of Foodstuff & liquid refreshment was the biggest application, responsible for 29.0% stake of the international capacity during the year 2015. Growing practice of hydrocolloids in the medicinal manufacturing because of exceptional solubility is likely to support the practice of gelatin above the following eight years. The Gelatin market on the source of Type of Purpose could span Gelling Agent, Stabilizer, Thickener, and others. The growing prominence of blending possessions in foodstuff & liquid refreshment manufacturing of most important markets of France, UK and Germany is estimated to encourage the practice of gelatin by way of a gelling agent above the following eight years. The market is expected to observe development at a CAGR of 6.7% for the duration of the prediction by means of income.

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The gelatin industry on the source of Type of Raw Material could span Cattle Bones, Pig Skin, Bovine Hides, and others. The subdivision of Pig Skin was mostly utilized raw material. It was responsible for 40.6% stake of the market capacity during the year 2015 due to the greater level of collagen content. Yet, growing incidences of periodic sicknesses linked with pigs are estimated to withhold gelatin producers for acquiring pig skin by way of a raw material.

The gelatin market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East & Africa [Saudi Arabia].

By the source of geography, the area of Europe was the biggest market, responsible for 41.2% stake of the international income during the year 2015. Growing alertness in the direction of combination of nutritious constituents in foodstuff & liquid refreshment manufacturing, mainly in technologically advanced markets comprising France, the U.K., and Germany, projected to take a greater influence on the market. In addition, the existence of a healthy pharmacological industrial base in Belgium, UK and Germany, expected to keep on an encouraging issue.

Asia Pacific is expected to observe speedy development by a CAGR of 6.0% for the duration of prediction, by means of capacity, above the following eight years. Optimistic viewpoint on the way to the subdivision of healthcare in the nations like Malaysia and Thailand in light of increase in the capacity of sales of medicines is estimated to encourage the practice of gelatin in the nearby future.

The statement revises Trades in terms of intake of Gelatin in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are Gelita AG, Capsugel Inc., PB Gelatin, CA talent Pharma Solutions, Rousse lot, Weishardt, Miquel Junca, Delft Sobel, Reinert Gruppe, Tessenderlo, DGF Stoess.

Additional notable companies operating in the field are Ewald Gelatine, Qinghai Gelatin Ltd. Co, Jiliding Marine Biotech Co. Ltd., India Gelatin and Chemicals, GELNEX, Trobas Gelatine B.V., LAPI GELATINE, ITALGELATINE, Sterling Gelatin, Nitta Gelatin Inc. and Rousse lot.

Endpoint Security Market Will Reach Height of USD 27.05 billion By 2025

Global Endpoint Security Market is estimated to reach USD 27.05 billion by 2024 owing to increasing deployment of security solutions with growing security risks in different industry applications. Endpoint security or endpoint protection is a centralized approach to protect all the endpoint devices such as laptops, desktops, smartphones, servers and other devices connected to the corporate IT network, from the cyber threats.

Endpoint security enables effective, efficient and easier security management. Most players in endpoint security industry offer endpoint security systems that include firewall, antivirus and high-defined security software. This type of security offers effective security to the endpoints, thereby securing the network by blocking risky activities and access attempts at endpoints.

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Endpoint security systems can be broadly categorized into two types. One for the enterprises and another for consumers. The key difference between the two is that there is no centralized administration and management for consumers whereas the centralized management mandate necessary for the enterprises. The centralized administration and management simplifies the installation or configuration of endpoint security software on individual endpoint devices, performance logs and other alerts are directly sent to the central administration server for analysis and evaluation.

One of the major driving factors for the growth of endpoint security market is the rise in number of portable smartphones and other devices that has increased the number of endpoints, which has ultimately augmented the number of security breach. Another driving force for the growth of the market is the need for compliance within government financial organizations, which will ultimately prompt users to adopt endpoint security solutions.

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The trend witnessed within the global endpoint security industry is the surging demand for software-as-a-service (SaaS) based security solution since they are easy to install, and upgrade and are affordable. Device control is one of the growing concerns in organizations as proper device control is essential to protect the confidential information since there are several mediums through which confidential data can be released thus leaving susceptibility in the network. The need for embedded security is increasing since mobile endpoints store huge amount of application and critical data. Hence, at present, cyber criminals are targeting the mobile endpoints.

Innovation in mobile technology is forcing mobile endpoint security solutions to manage current mobility environment with the combination of operating systems, mobile endpoints and other personal data without compromising the user experience, data and privacy. To take full advantage of the workforce mobilization, enterprises are required to introduce more proficient and comprehensive enterprise mobility solutions instead of depending on short-term management solutions.

The growing incidents of cyber-attacks on private and government networks across world has resulted in the increased awareness and adoption of endpoint security solutions. Data breaches and ransomware are the major critical challenges for any business. Hence, protecting the critical data related to customers along with enterprises has become a priority especially for companies who rely on IT infrastructure for confidential business processes. Moreover, steady growth of mobility trend in endpoint security market will also contribute to the favorable adoption of security solutions, thereby affecting the market in the years to come.

Endpoint security industry is categorized on the basis of solution, deployment, organization, application and geography. On the basis solution, the market is divided into firewall, antivirus, application control, ID/IP, MDS, encryption technologies and others. Based on deployment, the market is divided into cloud and on-premise. In terms of organization, the industry is split into SMBs and enterprise. On the basis of application, the market is divided into IT & telecom, BFSI, industrial, education, retail, medical, and others.

Geographically, endpoint security market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America followed by Asia Pacific are predicted to dominate the market in the coming years owing to the growing demand for endpoint security solutions in these regions. The prominent players in endpoint security industry comprise Cardon Black Technology Inc., Cisco Systems, Cylance Inc., McAfee Inc., CrowdStrike Inc., Avast Software Inc., Trend Micro Inc., RSA Security LLC, FireEye Inc., SentinelOne Inc., Microsoft Corporation, Symantec Corporation, Palo Alto Networks Inc., Panda Security SL, Sophos Group PLC, Eset LLC, Fortinet Inc., AVG Technologies, Trend Micro Inc., Bitdefender LLC, and Kaspersky Lab Inc.

Chlorine Market is Booming Worldwide from 2021 to 2025

Chlorine is used commercially in production of organic and inorganic chemicals and water treatment processes. It enables the producers to select from several processes for manufacture of chlorine.

The global chlorine market is anticipated to grow at a staggering CAGR in the forecast period. Chlorine is used commercially in production of organic and inorganic chemicals and water treatment processes. It enables the producers to select from several processes for manufacture of chlorine.

The chlorine market is driven significantly by rise in demand from chemical industry, medical domain. Increase in demand from the construction industry is expected to stimulate the market during the forecast period. Apart, chlorine is mainly used for water filtration and treatment process. It is widely used as a raw material to manufacture a range of chemicals, which, in turn, exhibits its versatility and form. It is used in PVC for composite manufacturing and automotive applications.

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End-user segmentation for chlorine market comprises pharmaceutical industry, chemical industry, water treatment industry, paper and pulp industry, pesticides industry, and plastic industry. By application, the chlorine industry is highly segmented as isocyanates, propylene oxide, chlorinated intermediaries, organic chemicals, inorganic chemicals, and ethylene dichloride and polyvinyl chloride.

Asia-Pacific dominates the chlorine market in terms of market demand and consumption from medical sector. Manufacturing sector being at prime holds a significant market position in the APAC sector; thanks to increase in demand for chlorine derivatives from end-use industries such as cosmetic, pharmaceutical, food processing, paints, coatings, and adhesives. North American and European markets are likely to gain a dominant position due to rise in demand by chemical industries. Untapped potential opportunities in the water treatment and plastic industries in the North America are anticipated to grow at a higher CAGR in the forecast period.

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The prominent players in the chlorine industry include Hanhwa Corporation, Ineos Group Ltd, The DOW chemical Company, PPG Industries, Tosoh Corporation, BASF SE, Tata Chemicals Ltd, FMC Corporation, Formosa Plastics Corporation, Xinjiang Zhongtai Chemicals Co Ltd, Occidental Petroleum Corporation, and Nirma Ltd.

Market Segment:

Global Chlorine Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2024)
    • EDC/PVC
    • Organic Chemicals
    • Inorganic Chemicals
    • Isocyanates
    • Chlorinated Intermediates
    • Propylene Oxide
    • Pulp & Paper
    • C1/C2, Aromatics
    • Water Treatment
    • Others

Cresol Market Will Reach Height of USD 795.7 million By 2025

What is a cresol?

Cresols are precursors or synthetic intermediates to other compounds and materials, including plastics, pesticides, pharmaceuticals, and dyes. For cresol bactericides or disinfectants the mechanism of action is due to the destruction of bacterial cell membranes.

The market is subject to witness a substantial growth due to increase in demand for vitamin E to produce food & dietary supplements and growing health consciousness among general population. Shift in trend towards healthy diet intake by young population and robust growth in the food & dietary supplements industry are expected to boost the market growth of cresol in the upcoming years. Globally, the cresol industry is predicted to grow at higher CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

Increasing demand for cresol derivatives for the production of vitamin E and electronic encapsulation products are expected to positively influence the growth of cresol market over the forecast period. Soaring demand for computers, display devices and handheld devices such as smartphones and tablets are anticipated to stimulate market demand for electronic encapsulation products involving cresol derivatives. The recent technological advancements in the cresol industry coupled with development of novel products are projected to drive the market growth in upcoming years. Rapid growth in food processing and electronic industry, particularly in the Asia Pacific region are expected to foster market growth as well.

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Easy availability of the raw materials such as coal, tar and petroleum or toluene, which are essential for the manufacturing of Meta, para and ortho isomers are boosting overall market performance, in the recent years. Selection of the raw material is purely based on the overall manufacturing efficiency and waste management costs in regards to the manufacturing process. Toluene is considered as vital element in product manufacturing. Thus, variation in the cost of the raw material involving toluene directly affects price associated with final product.

Additionally, production of isomers such as para and ortho, are dependent on the supply of the toluene. Increasing demand of toluene for manufacturing of xylene and toluene diisocyanates (TDI) has led to establishment of long-term contracts by key industry players with suppliers. These factors are expected to fuel market growth over the forecast period.

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However, stringent laws and regulation by regional governments associated with adverse effects on atmosphere due to manufacturing waste is considered as major challenge for sustained market growth. The manufacturing waste contains harmful elements, especially for the aquatic environment. Substantial need for efficient waste management system for manufacturing plant is expected to increase overall production cost, thus limiting market growth to a certain extent. Yet, recent technological advancement are expected to minimize waste disposal cost and enhance the waste recovery efficiency, thus driving market growth further.

The cresol market is broadly categorized into two major types based on the product type such as p-Cresol and m-Cresol. p-Cresol is considered as one of the fastest growing segment in the m-cresol market with substantial revenue generation in the last couple of years. Growing popularity of the p-Cresol market segment is attributed to increasing consummation for production of butylated hydroxytoluene (BHT), which is an antioxidant, largely utilized in the food, cosmetics, and pharmaceuticals sector. m-Cresol has also witnessed massive growth, in the recent years owing to the rising adoption of m-Cresol as a chemical intermediate for producing resoles.

The cresol industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in recent years owing to the rise in the implementation of latest technologies, constant demand for aroma chemicals and pharmaceuticals, and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the cresol market with massive growth in forecast period.

Countries such as India and China are leading the Asia-Pacific’s market with increasing demand for cresol in the agrochemicals products, rising vitamin E demand for production of food & dietary supplements, and robust growth of electronics sector, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the cresol industry are Lanxess GmbH, Sasol Ltd., Atul Ltd., Anhui Haihua Chemical Technology Co., Ltd., Dakota Gasification Company, Konan Chemical Manufacturing Co., Ltd., Mitsui Chemicals, Inc., Rutgers Infratec GmbH, and Saudi Basic Industries Corporation (SABIC).

Caustic Soda Market Will Generate About USD 46.31 billion By 2025

Sodium hydroxide, also known as lye and caustic soda, is an inorganic compound with the formula NaOH.

What is a Caustic soda?

Sodium hydroxide, also known as lye and caustic soda, is an inorganic compound with the formula NaOH. Caustic soda is used in bleaching pulp and in verticals such as inorganic, organic, dyes, and textile.

The factors that propel the growth of the caustic soda industry include growing demand from the chemicals manufacturing, the increasing demand for alumina in the automotive industry, and the growing demand with respect to paperboards and paper. On the other hand, there are factors that may hamper the growth of the market including energy-intensive procedure of the production of caustic soda.

Caustic Soda Market is anticipated to grow at a significant CAGR of 3.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Caustic Soda industry may be explored by type, application, and geography. The market may be explored by type as Flake, Lye. Others may include prill, microprill, and pellet.

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The key applications that could be explored in the Caustic Soda industry include Inorganic chemicals, Alumina, Steel/Metallurgy – Sintering, Organic chemicals, Food and Pulp & Paper, Textiles, Soaps & Detergents, Water Treatment, and Others. The “Organic Chemicals” segment led the Caustic Soda Market in 2015 and is anticipated to maintain its dominance by 2024. Organic chemicals segment is followed by “Textiles” sector and anticipated to grow at USD 8 billion by 2024.

Asia-Pacific accounted for the major share of the Caustic Soda Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high product demand; which could primarily be attributed to the textile industry development in the developing countries such as India, China, Taiwan, Vietnam, etc. The demand in this region is estimated to escalate further due to increasing consumption in organic chemicals, soaps & detergents, aluminum, etc. followed by North America region.

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Some of the key players that fuel the growth of the Caustic Soda industry comprise Formosa Plastics Corporation, Dow Chemical Company, PPG Industries, Tosoh Corporation, Ineo’s Group Limited, Hanwha Chemical Corporation, Occidental Petroleum Corporation, FMC Corporation, and Solvay SA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Global Caustic Soda Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
    • Alumina
    • Inorganic chemicals
    • Organic chemicals
    • Food and Pulp & Paper
    • Soaps & Detergents
    • Textiles
    • Water Treatment
    • Steel/Metallurgy – Sintering
    • Others