Anti-Reflective Coatings Market Worth About USD 7.50 billion By 2025

The global Anti-Reflective Coatings Market is estimated to touch US$ 7.50 billion by the completion of the prediction period. The market was appreciated at US$ 3.27 billion in the year 2015. It is estimated to develop at a substantial CAGR for the duration of the prediction.

It is projected to observe speedy progress above the period of prediction due to growing infiltration of the product in electronics and solar uses. Furthermore, growing infiltration of the product in the subdivision of style eyewear, estimated to upsurge progress of the market.

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The Anti-reflective (AR) Coatings market on the source of Type of Technology could span Sputtering, Electron Beam Evaporation, and Others. The subdivision of Electron Beam Evaporation Technology ruled the market during the year 2015. It is expected to observe substantial development at a CAGR of more than 8% during the period of prediction. Small price together with robust technical expertise is projected to help in increasing the demand above the following nine years.

The subdivision of Sputtering Technology is projected to observe important development above the prediction period, because of its greater conservational &mechanical sturdiness, together with better-quality absorption &accuracy. The application of these technologies is greatly reliant on necessary yield of manufacture, the material to coat, substrate and the price.

The Anti-reflective Coatings market on the source of Type of Application could span Automotive, Electronics, Solar, Eyewear, and Others. The subdivision of Eyewear application ruled the market, grabbing the market stake of income. It was more than 35% during the year 2015. Growing occurrence of the complaints about the visualization improvement together with hyperopia or myopia, is projected to perform an important part in boosting the progress of the market. Growing incidences of eye sickness in the youngsters together with grander possessions of the product, helping in the improvement of visualization, projected to take an optimistic influence on the progress of the market.

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The subdivision of the solar is projected to observe generation of demand at a CAGR of more than 11.0% for the duration of prediction. Increasing necessity to improve solar cells with low price & panes having greater sturdiness and steadiness together with the necessity to decrease reflection at the surface of the solar cell, is projected to boost the progress above the prediction period.

The AR Coatings 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], Asia Pacific [Japan, China], Central & South America [Brazil], Middle East & Africa.

By the source of geography, North America was responsible for the most important stake of the market which was more than 40% during the year 2015. Growing usage of AR coatings in the electronic products manufactured for the end users comprising Cameras, Smart Phone, Smart Watches, Tablets and additional exhibition devices. It is estimated to push the progress of the market, in the area, above the prediction period.

The eyewear business of North America proposes enormous openings because of a huge quantity of undiagnosed circumstances of vision improvement. Altering standard of living of the end users and the progressions in technology have headed to upsurge in circumstances of shortsightedness in the area. It projected to upsurge application of the product above the following nine years.

The Europe is projected to observe important progress above the prediction period owing to augmented awareness in the direction of fitness. This has headed to greater call for spectacles as shield counter to the injurious radiations from electronic apparatuses similar to computers and smartphones.

The statement revises Trades in terms of intake of Anti-reflective Coatings in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East &Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Optical Coating Japan, Janos Technologies, PPG Industries, Hoya Corporation, DuPont, Honeywell International Inc., Cascade Optical Corporation, Rodenstock GmbH, I Coat Company LLC, Essilor, Carl Zeiss and Royal DSM.

Covid-19 Effect on Explosives Market Demand, Size, Share & Future

Global Explosives Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. An “Explosive” is termed as a device or substance that contains a high amount of potential energy that could explode by expansion of gas within. Chemical, mechanical, and nuclear are three key fundamental types. Friction, heat, shock, or a grouping of these circumstances ignites explosion. Base of explosive may be a liquid or solid.

Growing demand from manufacturers of iron ore, coal, and others, high profit margins from mining industries, and rising expansion activities are documented as the major driving factors to Explosives Market that are estimated to enhance the growth in the years to come. However, rising safety and security regulations may restrain overall market growth in the years to come. Explosives Market is segmented based on product type, application, and region.

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Emulsion explosive, ammonium nitrate explosives, and ammonium nitrate/fuel oil (ANFO) are the types that could be explored in Explosives in the forecast period. Pyrotechnics, blasting agents, propellants, and other product types could be explored in Explosives in the forecast period. The blasting agent sector accounted for the substantial market share of Explosives in 2017 and is estimated to grow at the highest CAGR in the years to come.

The market may be categorized based on applications like military, mining, construction, and others that could be explored in the forecast period. Mining sector comprises metal mining, coal mining, and nonmetal and quarrying mining. The mining sector accounted for the substantial market share of Explosives and is estimated to lead the overall market in the upcoming period. This may be due to high demand for silver & gold and growing mineral extraction. Also, construction sector is estimated to grow at the fastest pace in the years to come.

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Globally, Asia Pacific accounted for the substantial market share of Explosives and is estimated to lead the overall market in the near future. The reason behind the overall market growth could be presence of key manufacturers in the region and growing population, which is dependent on coal for energy. The developing countries like India and China are the major consumers of Coal Mining in this region.

Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. North America is estimated to remain moderate in the foremost period. As such, the region has shifted to the other alternatives of energy.

The key players of Explosives Market are Titanobel SAS, Orica Mining Services, AEL Mining Services, Sasol Limited, Alliant Techsystems, Austin Powder Company, ePC Group, Chemring Group, Pyro Company Fireworks, ENAEX, AECI Group, and Maxam Corp. These players are concentrating on inorganic growth to sustain themselves amidstfierce competition.

White Oil Market Will Reach Height of USD 2.60 billion By 2025

White Oil is a colorless petroleum distillate, especially liquid paraffin, used therapeutically and in the plastic and food industries.

Global White Oil Market is anticipated to reach USD 2.60 billion during the forecast period. White Oil is a colorless petroleum distillate, especially liquid paraffin, used therapeutically and in the plastic and food industries. The factors that propel the growth of the White Oil Market include vertical growth mainly in the developing countries. Global White Oil 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. The market may be explored by product type, application, grade type, and geography. The industry may be explored by product type as Naphthenic, light paraffinic, and Heavy paraffinic.

The key applications that could be explored in the white oil industry include Personal care and cosmetics, Polymers, Pharmaceutical, Textiles, Food and beverages, Adhesives, and Others. The “Pharmaceutical” segment led the White Oil Market in 2017 and is anticipated to maintain its dominance by 2024 owing to improved application as a lubricant in pharmaceutical industry instruments, base materials for ointments and oil and others. The White Oil industry could be explored based on grade type as Pharmaceutical, and Industrial

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Asia-Pacific accounted for the major share of the White Oil Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include higher growth rate than the other regions, and development in agriculture, textile, cement industry.

Some of the key players that fuel the growth of the white oil industry comprise British Petroleum, Sasol, Sonneborn, Inc., Sinopec Corporation, Seojin Chemical Co., Ltd., Exxon Mobil Corporation, Nynas AB, Renkert Oil, Inc., Petro-Canada, JX Nippon Oil & Energy Corporation, and Royal Dutch Shell N.V. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
    • Adhesives
    • Agriculture
    • Food
    • Pharmaceutical
    • Personal Care
    • Textile
    • Polymers
    • Others

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

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.

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).

Isobutanol Market Worth About USD 1.18 billion By 2025

What is a Isobutanol?

Isobutanol is an alkyl alcohol that is propan-1-ol substituted by a methyl group at position. It has a role as a Saccharomyces cerevisiae metabolite. It is a primary alcohol and an alkyl alcohol.

Isobutanol is also termed, as isobutyl alcohol, 2-Methylpropan-1-ol, or 2-Methyl-1-propanol is an organic compound with the molecular formula (CH3) 2CHCH2OH and molecular weight 74.123 g/mol. it is a colorless aliphatic alcohol and is a flammable liquid. It is exclusively used as a solvent in chemical reactions and as a starting material for organic synthesis. It is mainly found as a volatile constituent of urine and rises from gut microbial metabolism.

The Isobutanol Market is estimated to grow at a significant CAGR of 6.0% over the forecast period as the scope and its applications are rising enormously across the globe. Rising demand amongst end users like chemical and oil & gas and its properties like limited miscibility and medium volatility are documented as major factors of Isobutanol Market that are estimated to enhance the growth in the years to come. However, fluctuations in pricing and supply of crude oil may restrain overall market growth in the coming years. Isobutanol industry is segmented based on type, end user, and region.

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Bio-based isobutanol and synthetic isobutanol are the types that could be explored in Isobutanol Market in the forecast period. Synthetic isobutanol sector accounted for the substantial market share of Isobutanol in terms of volume and is estimated to lead the overall market in the coming years. This may be because of high demand from developing countries like China and India. Also, bio-based isobutanol is estimated to grow at fastest pace in the coming years.

The market may be categorized based on end users like textiles, paints & coatings, chemicals, oil & gas, pharmaceuticals, and others that may be explored in the forecast period. Paints & coatings sector comprise wood coatings, automotive, and others. Chemicals sector accounted for the significant market share of Isobutanol and is estimated to lead the overall market in the coming years. This may be because of high demand from construction and automotive industries. Also, oil & gas sector is estimated to grow at fastest pace in the coming years.

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Globally, Asia Pacific accounted for the substantial market share of Isobutanol and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing several industries like construction, oil & gas, and petrochemicals in developing countries. Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Isobutanol industry are Perstorp Holding AB and Sasol Ltd., BASF, Mitsubishi Chemical Corporation, The Dow Chemical Company, Oxea GmbH, Eastman Chemical Company, Formosa Plastics Corp., Toray, and Fitesa. 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.

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