Chemicals & Materials – Page 7 – Latest Market Trends

Acrylic Acid Market Will Reach Height of USD 22.55 billion By 2025

Acrylate esters have a spectrum of applications in plastic additives, paper treatment, adhesives, textiles, surface coatings, and sealants.

It is also used in oil treatment chemicals, detergent intermediates, water treatment chemicals, and water absorbent polyacrylic acid polymers.

Global Acrylic Acid Market is anticipated to reach USD 22.55 billion by 2022. Acrylic acid is an organic compound having acrid smell or tart. A huge portion of this composite is used as a feedstock for obtaining acrylate esters.

The factors that propel the growth of the acrylic acid industry include growing demand for acrylic acid in developing markets and high demand from the surface diapers, coatings, and adult incontinence application sectors. On the other hand, there are factors that may hamper the growth of the market including strict environmental rules and extremely volatile prices of raw material. Acrylic Acid Market is anticipated to grow at a significant CAGR of 5.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Acrylic Acid industry may be explored by product type, end users, and geography. The market may be explored by product type as Glacial Acrylic Acid, Acrylate Esters, and Others. The “Acrylate Esters” segment led the Acrylic Acid Market in 2015 and is anticipated to maintain its dominance by 2022.

The acrylic acid industry could be explored based on end users as Organic Chemicals, Surfactants, Textiles, Adhesives & Sealants, Personal Care Products, Water Treatment, and Others. The “Personal Care” segment led the market in 2015 and is anticipated to maintain its dominance by 2022 owing to rising demand for super absorbent polymers in these applications is anticipated to propel demand.

Asia-Pacific accounted for the major share of the Acrylic Acid Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing consumption for acrylic acid in surface adhesives, diapers, and coatings, and robust demand in Asia-Pacific. China is anticipated to grow exponentially in the forecast period. Asia-Pacific is followed by North America.

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Some of the key players that fuel the growth of the acrylic acid industry comprise LG Chem LTD, BASF, SIBUR, CinVic Chemical Holdings Limited, Dow Chemical Company, Evonik Industries Ag, and Arekma 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 Acrylic Acid Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
• Acrylate Esters
• Glacial Acrylic Acid
• Others

Global Acrylic Acid End-Use Industry Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
  • Surfactants
  • Organic Chemicals
  • Adhesives & Sealants
  • Textiles
  • Water Treatment
  • Personal Care Products
  • Others

Liquid Nitrogen Market Will Reach Height of USD 21.3 billion By 2025

Rise in the number of industry players that are strictly implementing environmental health and safety measure regulated by various governmental authorities to handle liquid nitrogen is expected to drive the growth of the market over the forecast period.

The global Liquid Nitrogen Market size is expected to value at USD 21.3 billion by 2025. The market is subject to witness a substantial growth due to the growing demand for liquid nitrogen in oil & gas sector and electronic devices market. Rise in the number of industry players that are strictly implementing environmental health and safety measure regulated by various governmental authorities to handle liquid nitrogen is expected to drive the growth of the market over the forecast period. Globally, the liquid nitrogen market is predicted to grow at CAGR of 4.4% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Increase in number of chemical and metal manufacturers in both – developed and developing economies across the globe are offering a lucrative opportunity for liquid nitrogen manufacturers to generate large revenue over the upcoming period. Additionally, rise in the use of the liquid nitrogen by electronics manufacturers for cooling of electronic devices during various manufacturing processes is expected to boost market demand of the liquid manufactures in the upcoming years.

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Increasing adoption of liquid nitrogen as a coolant and refrigerant by a number of end-user industries like pharmaceutical, metal fabrication, and frozen food sector are anticipated to drive the growth of liquid nitrogen industry over the forecast period. Other applications of the liquid nitrogen extends to food & beverages sector, rubber & plastic manufacturing, automobile sector, electronics devices market, healthcare sector, and construction & building industry.

Cryogenic distillation is considered as one of the fastest growing segments in the liquid nitrogen market with substantial revenue generation in the last couple of years. Growing popularity of the cryogenic distillation is attributed to its cost-effectiveness and high performance during production industrial gases such as nitrogen, argon, and oxygen.

The other factors spurring the demand for cryogenic distillation is increasing utilization in the fabrication of semiconductor devices. Cryogenic distillation is broadly adopted during the production of liquefied industrial gases because of the factors such as low initial investment and few utility requirements. Moreover, development of the latest techniques by prominent industry players for purification of gases at low temperatures with help of cryogenic distillation technology, is augmenting market growth of liquid nitrogen, in the recent years. Applications of cryogenic distillation techniques involve purification of industrial gases such as argon, oxygen, carbon monoxide, and light nitrogen.

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In addition, pressure swing adsorption (PSA) technology has witnessed substantial growth with a significant CAGR over the forecast period. Pressure swing adsorption (PSA) technology offers air separation for industrial gases without requiring liquefaction. Increasing demand for pressure swing technology due to factors such as lower operational cost and enhanced capabilities is predicted to elevate market demand for the pressure swing adsorption (PSA) in the upcoming period.

Substantial investment by leading industry players in research & development for the liquid nitrogen technologies is leading development of innovative products. These factors are critical for sustaining the growth of liquid nitrogen industry during the forecast period. The liquid nitrogen market is divided by regions such 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 adoption of latest technologies, increase in the developmental activities, presence of large number of manufactures & suppliers, and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold the major market share in the liquid nitrogen industry with massive growth in forecast period. Countries such as India, China, and Japan are leading the Asia-Pacific’s market with strong economic growth in the region, ever-growing population, rising living standards, and significant investment by leading industry players considering potential growth opportunities in the market.

The key players in the liquid nitrogen industry are Air Liquide S.A., The Linde Group, Praxair Incorporations, Air Products & Chemicals Incorporations, Taiyo Nippon Sanso Co., Messer Group Co., Emirates Industrial Gases Corporations, Gulf Cryo Co., Southern Industrial Gas BerhadSdn. Bhd., and Nexair LLC.

Market Segment:

Liquid Nitrogen Technology Outlook (Volume, Million Tons; Revenue, USD Million, 2014 – 2025)
• Cryogenic distillation
• Pressure swing adsorption
• Others

Liquid Nitrogen Function Outlook (Volume, Million Tons; Revenue, USD Million, 2014 – 2025)
  • Coolant
  • RefrigerantLiquid Nitrogen Storage Outlook (Volume, Million Tons; Revenue, USD Million, 2014 – 2025)
  • Cylinders & packaged gas
  • Merchant liquid/ Bulk
  • Tonnage
  • Others

Polyphenylene Sulfide (PPS) Market Hit Almost US$ 2.14 billion Figure By 2025

The demand for Polyphenylene Sulfide (PPS) in automobile subdivision is likely to observe a greater development because of its use in flow control valves, carburetor parts, ignition plates and exhaust gas return valves for heating systems

The global Polyphenylene Sulfide (PPS) Market is estimated to touch US$ 2.14 billion by the completion of the year 2025. The demand for Polyphenylene Sulfide (PPS) in automobile subdivision is likely to observe a greater development because of its use in flow control valves, carburetor parts, ignition plates and exhaust gas return valves for heating systems. Increasing demand for PPS because of its greater confrontation to wear, heat, erosion, chemical, and radioactivity will trigger its demand. The market was appreciated by US$ 1.00 billion in the year2016. It is estimated to develop at a CAGR of 8.8% for the duration of the prediction.

The growing demand for the product for a number of electrical & electronics uses comprising inkjet cartridges, CD/DVD optical pickup components, HDTV & projection light engine housing, connectors, fans & blowers, relays, switches, heat exchangers and circuit breakers is likely to generate the demand above the approaching years. The Polyphenylene Sulfide (PPS) market on the source of Type of Application could span Coatings, Electrical & Electronics, Industrialized, Automobile, and Others.

The subdivision of automobile application is likely to observe increase in capacity at a CAGR of 8.6% for the duration of prediction. Polyphenylene Sulfide (PPS) is more and more being utilized in the automobile manufacturing such as it offers paybacks by means of confrontation to fuel, and high temperature, transmission and brake fluids and antifreeze. Automobile applications are likely to observe the important growth in profits by a CAGR of 9.3% for the duration of prediction, because of the increasing production of automobiles in the nations comprising Japan, U.S., China, Germany, South Korea, Mexico, Taiwan, and Thailand.

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The subdivision of industrialized applications responsible for 23.6% stake of general capacity in the year of 2016 and is likely to observe substantial development by way of an outcome of growing practice of product in fittings, pumps, oil field apparatus, valves, pipes and machineries. The Polyphenylene Sulfide (PPS) market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage of these areas 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, Asia Pacific is expected to demonstrate important rise in income by an expected CAGR of 9.9% for the duration of prediction because of the existence of strong basis of manufacturing for the subdivisions of coating, electronics and automobile in China, India and Singapore. Speedy development in automobile manufacturing in China due to the suburbanization accompanied by great demand for SUVs and sedans is estimated to boost the scope of the market.

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Growing subdivision of aerospace due to the growing sum of inland companies in China comprising Shenyang, Jiangxi, Chengdu, Shanghai and Xi’an is additionally estimated to motivate the market above the period of prediction. Growing amount of power plants in the nation will inspire demand for Polyphenylene Sulfide (PPS) in filter bags, in that way generating enormous market prospective in the nearby future. Furthermore, existence of Polyphenylene Sulfide (PPS) producers comprising Tosoh and Toray in Japan is expected to take a constructive influence on the market in the years to come.

The North American market was prized by US$ 215.8 million in the year 2016 and is likely to observe considerable progress because of existence of most important automobile corporations comprising Mazda, Nissan and Honda Motors and new-fangled product presentations by Ford and GM. The growing aerospace manufacturing in the U.S. together with the arrival of most important aerospace corporations in Mexico are expected to trigger the demand for Polyphenylene Sulfide (PPS). The existence of manufacturing monsters together with Airbus and Boeing is expected to additionally boost the market above the period of prediction.

The statement revises Trades in terms of intake of Polyphenylene Sulfide (PPS) 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 Lion Idemitsu Composites Co. Ltd., Initz Co. Ltd, Fortran Industries LLC, Kureha Corp, Tosoh Corporation, Celanese Corporation, Zhejiang NHU Special Materials, SK Chemicals, China Lumena New Materials Corp., Solvay SA, Toray Industries Inc., SABIC, Toray Industries Inc. and DIC Corp.

Market Segment:

Application Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)
• Automotive
  • Electrical & electronics
  • Industrial
  • Coatings
  • Others

Polyolefin (POF) Market Worth About USD 7.4 billion By 2025

The global Polyolefin (POF) Shrink Film Market is estimated to touch US$ 7.4 billion by the completion of the prediction period. The polyolefin shrink film industry was appreciated by US$ 4.50 billion in the year 2016. The growing diffusion of the product in foodstuff & liquid refreshment, industrial packaging, consumer goods, and medicines application due to the better-quality features of the product is likely to motivate the demand above the period of prediction. The polyolefin (POF) shrink film market is expected to grow at the CAGR of 5.8%.

The growing demand for polyolefin (POF) shrink films due to their better-quality obstruction possessions, easiness of printing, and better hermetical sealing is expected to upsurge the shelf life of the product and likely to motivate the progress of the market above the period of prediction.

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Increasing demand for wrapped foodstuff, for example ready-to-eat meal time, refreshments, and iced up meal time, by means of altering standard of living, current marketing skills, and improved admiration of speedy service eateries are likely to motivate the development. Furthermore, usage of inventive treating methods to increase the physical characteristics of the product is expected to increase the acceptance of the film.

The POF Shrink Film industry on the source of Type of Application could span End user goods, Industrialized wrapping, Foodstuff, Medicines, Liquid refreshment. The subdivision of “industrialized wrapping” was responsible for 26.4% stake of the general income in the year 2016, because of the increasing demand in building and automobile productions for product treatment and wrapping applications.

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Growing demand for alcoholic & non-alcoholic liquid refreshment is likely to motivate the progress of the market for the product because of its application in packing plastic bottles and cans with clear and printed films. The Polyolefin Shrink Film market on the source of Type of Product could span Cross-linked, General. The type “cross-linked films” was responsible for 57.8% stake of the income in the year 2016 and is estimated to develop at a CAGR of 5.1% due to its growing demand for foodstuff and end user merchandises application.

The Polyolefin (POF) Shrink Film industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage of Polyolefin (POF) Shrink Film could span North America [U.S.], Europe [Germany, U.K.], Asia-Pacific [Japan, India, China], Central & South America [ Brazil], Middle East & Africa.

By the source of geography, the Asia Pacific is the most important region in the POF Shrink Film market. The business in Asia Pacific is motivated by the improved demand for the product in wrapped foodstuffs, and end user goods in developing markets comprising China, that is responsible for mainstream stake of profit in the area. Increasing diffusion of the product in the construction business is likely to take an optimistic impression on the progress of the market.

North America was responsible for the grabbing of 23.5% stake of the income in the year 2016. Growing demand for wrapping of numerous end user goods for example as home-based appliances, sporting merchandises, furniture, melodious instruments, entertaining boats and toys is likely to motivate the market for POF films above the period of prediction.

The speedy development of therapeutic and pharmacological businesses in technologically advanced economies of Europe is likely to boost the demand for pharmacological products. Furthermore, growing diffusion of Polyolefin (POF) Shrink Films in the pharmacological wrapping is estimated to motivate the demand for the product market above the period of prediction.

The statement revises Trades in terms of intake of Polyolefin (POF) Shrink Film 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 Polyolefin (POF) Shrink Film are Intertape Polymer Group, PakMarkkas, UAB, Sealed Air Corporation, SYFAN USA Corporation, Asmaco Packaging Industries, SABIC, Exxon Mobil and LyondellBasel Industries Holdings.

Oilfield Chemicals Market Worth About US$ 28.48 Billion By 2025

What is the future of Oilfield Chemicals Industry:

The global Oilfield Chemicals Market is estimated to touch US$ 28.48 Billion by the completion of the year 2025. The growing demand for crude oil is expected to navigate the progress of the chemicals business above the period of prediction. The market is expected to develop by the CAGR of 4.3%. The international business is estimated to detect a rectilinear development tendency above the period of prediction due to the change in preference in the direction of misusing the exceptional means of hydrocarbon. Their uses in the in operations comprising workover & completion, production, cementing and drilling.

What are the Oilfield Chemicals:

The oilfield chemicals are constituents those are useful in the operation of oil & gas pulling out. These are utilized in the amenities of well drilling and production to increase the taking out processes by way of refining efficiency & productivity of the oil drilling, procedure of petroleum purification and to attain the optimal performance by means of actual oil retrieval. These chemicals help in the conservation of even operational oilfield, that effect in decrease of expenditures above postponements and work stoppage for the period of drilling procedures. These chemicals obstruct the creation of the metallic scales and decrease the water content into the oil well throughout exploration & drilling. It consequences in growing demand and uses of oilfield chemicals.

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The market is motivated by the growth in oil exploration & production actions, which sequentially upsurges the necessity for oilfield chemicals. Furthermore, the continuing actions to fulfil the universal demand for the energy, carried more crude oil wells and the production all over the world. It upsurges demand for the chemicals. However, price variation of crude oil and surge in conservational anxieties are likely to impede the progress of the market in the nearby future. The arrival of ecological responsive oilfield chemicals is likely to deliver a considerable opening for the progress in the near future.

The market on the source of Type of Location could span Offshore, Onshore. The market on the source of Type of Application could span Workover & Completion, Production Chemicals, Enhanced Oil Recovery, Cementing, Drilling Fluids, Well Stimulation. The market on the source of Type of Product could span Foamers, Biocides, Rheology Modifiers, Inhibitors, Surfactants, Friction Reducers, Gallants & Viscosifiers, Demulsifiers, Corrosion & Scale Inhibitors, Polymers, and Others.

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The market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S., Canada, and Mexico], Europe [Norway, Russia U.K.], Asia Pacific [India, China, Indonesia], Central & South America [Brazil, Argentina, Venezuela], and Middle East & Africa [UAE, Saudi Arabia, Nigeria, Algeria].

By the source of geography, North America is the most important area in the Oilfield Chemicals market. North America appeared by way of the biggest customer of oilfield chemicals and the provincial business was appreciated above US$ 6.80 billion in the year 2016 and is expected to observe stable development above the following eight years. The demand for inhibitor formulations in the U.S. was appreciated by US$ 910.8 billion in the year 2016 and is anticipated to develop by a CAGR of 4.5% above the period of prediction.

Asia Pacific is expected to appear as the speedily developing provincial section; thanks to the fact that it will be responsible for the grabbing more than 17% stake of the complete profits by the completion of year 2025.The area of Middle East & Africa is likely to observe a sturdy development by a CAGR of 4.5% for the duration of prediction. The statement revises trades in terms of intake 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 Albemarle Corp., Lubrizol Corporation, New park Resources Inc., Solvay S.A., Schlumberger Limited, Akzonobel NV, BASF SE, Ecolab Inc., Halliburton, and Baker Hughes.

Additional noticeable companies operating in the field are Champion Technologies, REDA Oilfield, Universal Oil Field Chemicals Pvt. Ltd., Clariant AG, Huntsman Corporation, Stepan Company, Imperial Oilfield Chemicals Pvt. Ltd., Chemcon Specialty Chemicals Pvt. Ltd., Kemira Oyj, and E I DuPont de Nemours and Company.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 – 2025)
• Inhibitors
  • Demulsifiers
  • Rheology Modifiers
  • Friction Reducers
  • Biocides,
  • Surfactants
  • Foamers
  • Others

Application Outlook (Revenue, USD Million, 2014 – 2025)
  • Drilling
  • Production
  • Cementing
  • Workover & completion

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Sodium Silicate Market Will Reach Height of USD 7.84 billion By 2025

increasing demand for sodium silicate from applications such as precipitated silica, detergents, pulp & paper, construction, metal casting, water treatment, and food preservation.

What is a Sodium silicate?

Sodium silicate, also known as “Liquid glass” or “Water glass”, is a compound and usually a colorless transparent solid or white powder. It is soluble in water under prescribed limits. Factors, such as increasing demand for sodium silicate from applications such as precipitated silica, detergents, pulp & paper, construction, metal casting, water treatment, and food preservation. In addition, technological advancements, rising disposable income of people in emerging economies, increasing usage in the construction segment, shifting preferences regarding detergents and cleaning agents and growing demand are likely to drive the sodium silicate industry in forthcoming period.

On the other hand, hazardous effects on human health due to exposure to high concentration of sodium silicate are anticipated to hinder sodium silicate market growth in future. However, increase in demand for environment-friendly binding agents in the construction manufacturing is likely to create lucrative opportunities for the market. Sodium silicate industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Sodium silicate market is segmented by form, application, distribution channel, and geography. The market of sodium silicate is segmented by form as Solid Sodium Silicate and Liquid Sodium Silicate. The “Solid Sodium Silicate” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come. The key factors that could be attributed to the growth of the market includes easy use and easy to store as compared to liquid sodium silicate and low transportation cost.

The key applications are segmented in the sodium silicate industry include Construction, Detergents, Precipitated Silica, Water Treatment, Pulp & Paper, Food Preservation, Metal Casting and Others (Fire Protection, Paints & Coatings, Cosmetics, Catalyst Manufacturing, and Textile). The “Detergents” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

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The key factors that could be attributed to the growth of the market include rising demand for sodium silicate for the manufacturing of cleansing agent that are used for numerous washing. In addition, cleaning methods, such as industrial or domestic clothes washing, washing bottles, dishes, locomotives, dairy equipment, and floor cleaning, and metal degreasing and cleaning. The sodium silicate market is segmented based on distribution channel as offline and online distribution. The “Offline” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come.

Asia-Pacific is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as rising demand for sodium silicate from applications such as construction and detergents, increasing foreign investments, rising population, development of the pulp and paper industry and rapid urbanization. China is the foremost consumer and producer of sodium silicate. Asia-Pacific is followed by European region owing to the rising demand for the compound in healthcare and pulp & paper applications.

Key players operating in the sodium silicate industry include CIECH Group, BASF SE, GHCL Limited, Evonik Industries AG, IQE Group, Huber Engineered Materials, Nippon Chemical Industrial Co. Ltd., Merck Millipore, PPG Industries Inc., Occidental Petroleum Corporation, Shangyu Huachang Industrial Co. Ltd., PQ Corporation, Sichem Silica Gel Co. Ltd. Shijiazhuang Shuanglian Chemical Industry Co. Ltd. Tata Chemicals Limited, Solvay S.A., W.R. Grace & Company and Tokuyama Corporation. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Ryan Manuel

Research Support Specialist, USA Email: ryan@millioninsights.com

How Methyl Ethyl Ketone (MEK) Market Hit Almost USD 4.01 billion Figure By 2025

What is a Methyl-ethyl-ketone (MEK):

Methyl-ethyl-ketone (MEK) is a colourless and a harsh smelling carbon-based compound. It is commonly identified as butanone. It is characterized by outstanding chemical properties including high viscosity, low boiling point, high solvency and high evaporation rate owing to which it is used as a solvent across several applications.

This liquid has a sweet smell indicated the presence of acetone and butterscotch, hence is produced on a large scale in the industries. Photo-oxidation of air pollutants such as hydrocarbons and butane results in the form of MEK.

It is widely used in industrial applications as it is easily soluble in water. The primary usage of MEK is as a solvent in processes involving gums cellulose acetate, resins and cellulose nitrate. Other end use applications where MEK is used include domestic products such as lacquer and varnishes, synthetic rubber, paraffin wax and glues as well as paint remover.

What is the Methyl-ethyl-ketone Market Size:

The global methyl ethyl ketone (MEK) market was valued at USD 2.56 billion in 2015 and is anticipated to reach USD 4.01 billion by 2024.

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MEK is acts as a natural component in foods, a wide assortment of cheeses, beans, honey, chicken and apple juice. MEK is also found in drinking water and surface water at numerous sites. One can also come I contact with MEK through contact with household products which contains chemicals or even at the workplace. The quantity, frequency and length of exposure can affect the health of a person. Effects can vary from irritation and headaches to severe damage to skin and nervous system. However, with strict government regulations and rising environmental concerns, the market is expected to experience a downturn as MEK has been marked for its harmful nature in Toxic Substances Control Act by EPA among others. Secondary challenges that can hamper market growth include presence of substitute compounds and raw material price sensitivity.

The global MEK market is led by a few manufacturers, particularly based out of China. Despite this, the MEK demand is anticipated to be comparatively slow. Nonetheless, its global supply is expected to rise considerably after the revival of Asia’s leading facility situated in China that had been closed down in 2011 due to damages caused by earthquakes.

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Methyl-ethyl-ketone Market Application:

The compound is used as a solvent in various applications and primarily in paints& coatings and printing inks owing to its properties such as low boiling points and low viscosity. Other applications include rubber-based industrial cement, textiles, plastics, cleaning agents and PVC piping. In the pharmaceutical industry, MEK is used in resins and thinners that are applied as lacquers/solvents. In addition, MEK peroxides are used as a catalytic agent in the polymerization process of polyester resins. Global demand for MEK is driven by the rising demand for paints and coatings from furniture, automobile and infrastructural industries.

The higher solvency and lower density of ketones compared to the corresponding ester substitutes contribute to reduced VOC content just by changing to ketone solvents such as MEK. Owing to the dual functionality, MEK has slow evaporation rate, complete solubility in water and high solvent strength which gives it a unique advantage as a solvent in water-based coatings.

For achieving stable production rates and minimizing operational challenges in the production system of MEK, the primary areas requiring attention are Instrumentation and metallurgy in process control parameters, scheduled maintenance and Inspection and acid handling areas.

Methyl-ethyl-ketone Reginal Demand

The global market is segmented into four regions: North America, Europe, Asia Pacific, and Row. Asia Pacific is expected to dominate the MEK industry and emerge as the market leader. This can be attributed to the steady growth in paints &coatings market resulting from heavy consumption in manufacturing and construction industries. The European market is anticipated to experience uniform growth trends on account of stringent regulations and increasing concerns regarding health and fitness which are restraining the use of methyl ethyl ketone in this region. Market demand in the U.S is projected to be stable, and the declining prices are expected to further increase its demand in the coming years.

What are the methyl ethyl ketone Producer?

Key participants of the methyl ethyl ketone market include Arkema S.A., Shell Chemicals, Exxon Mobil, Sasol Solvents, Maruzen Petrochemical Co Ltd., SK Energy Co Ltd., Petro China, Lanzhou Petrochemicals and Idemitsu Kosan Co. Ltd.

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Superdisintegrants Market Attain Height of USD 487.0 million Worldwide

What are the Superdisintegrants?

Superdisintegrants are the materials primarily used in the pharmaceutical preparation of tablets. Due to these materials, the medicinal substances used in the tablet get disintegrated and release their medicinal substances when they come in contact with moisture. Superdisintegrants are the materials or the combinations of materials added to the drug preparation that simplifies the breakup of tablet or capsule content into lesser atoms that liquefy faster than in the absence of disintegrants.

The healing action of these preparations is acquired through a typical way alike disintegration followed by dissolution. Superdisintegrants are normally used at a small level in the hard dose method, classically 1-10 % by weight comparative to the total weight of the dose unit.

What is a Superdisintegrants Market Size?

The global Superdisintegrants market size was valued at around USD 258.6 million in 2016 and is expected to reach USD 487.0 million by 2025, with a CAGR of 7.2%.

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The worldwide market of the superdisintegrants is split by Product type (Natural, Synthetic, Others), Application type (Tablets, Capsules), Therapeutic area (Oncology, Neurology, Cardiology, Infectious Disease, hematology), and Geography (North America, Europe, Asia Pacific, and Rest of the World (RoW). The “synthetic” superdisintegrants market is further classified into crospovidone, modified scratch, ion exchange resins, calcium silicates, and modified cellulose.

The synthetic segment dominates the market. North America leads the market; followed by Europe. The driving factors for this growth include development of new forms of oral dosage coupled with continuous efforts toward providing compliant and superior products. The other factors include increasing incidences of neurological diseases, cardiovascular diseases, and the other related diseases.

The Asia Pacific region is forecast to grow at the highest CAGR. This will be due to rising expenditure on the healthcare products and growing healthcare awareness, increasing healthcare infrastructure and outsourcing of excipient manufacturing to Asian countries, for example: China and India.

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This growth in the market is expected due to the rising population of elderly people, pediatric patients, the growing market for the generic drugs, and arrival of the new superdisintegrant materials. Yet there are certain factors which will restrict the growth of this market, for example the expenditure on the research and development is going down.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 – 2025)
• Croscarmellose sodium
  • Crospovidone
  • Sodium starch glycolate
  • Ion exchange resin
  • Others

Dosage Form Outlook (Revenue, USD Million, 2014 – 2025)
• Tablets and Capsules
• Mouth-dissolving Films

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Graphene Nanoplatelets Market Will Accomplish Outstanding USD 206.0 billion Figure By 2025

What is a Graphene Nano platelets?

Graphene Nanoplatelets are also termed as GNPs that comprise small stacks of graphene which can replace nano-clays, carbon fiber, carbon nanotubes, and others mainly in composite applications. The average thickness of platelets is 5 to 10 nanometers that can vary in size up to 50 microns. Due to their unique morphology and size, enhanced mechanical properties and advanced barrier properties can be achieved. The Graphene Nanoplatelets Market is estimated to grow at a significant CAGR of 37.6% over the future period as the scope and its applications are rising enormously across the globe.

What is the future of Graphene Nano Platelets?

Global Graphene Nanoplatelets Market is expected to reach USD 206.0 million by 2025. Rising demand from energy & power and aerospace verticals, high demand from consumers for eco-friendly, effective, strong, and lightweight products, and rising use as a filler in polymer matrices are documented as major factors of Graphene Nanoplatelets industry that are estimated to enhance the growth in the years to come.In addition, it increases thermal & electrical conductivity and stability and reduces component mass while improving or maintaining properties are another factor that may boost overall market growth in coming years. Graphene Nanoplatelets Market is segmented based on applications and region.

The market may be categorized based on applications like conductive inks & coatings, composites, energy & power, and others could be explored in Graphene Nanoplatelets in the coming years. composites segment accounted for the largest market share of Graphene Nanoplatelets in terms of revenue and is estimated to lead the overall market in the coming years. this may be because of its outstanding electrical, mechanical, and thermal properties and is exclusively used for fabrication of composites. Also, energy & power segment is estimated to grow at fastest pace in the coming years.

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Globally, North America accounted for the largest market share of Graphene Nanoplatelets and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers like aircraft industries and high demand from industries like aerospace and automotive. The United States is a major consumer of Graphene Nanoplatelets in the region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth.

Europe is the third largest region with significant market share. This may be because of raised environmental sustainability by developing hybrid and electric vehicles. 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 high demand for enhanced materials in the sectors like consumer electronics, automotive, energy storage, and aerospace. The developing countries like China, Japan, and India are the measure consumers of Graphene Nanoplatelets in the region.

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The key players of Graphene Nanoplatelets Market are Group NanoXplore Inc., CVD Equipment Corporation, ACS Materials LLC, Angstron Materials Inc., and XG Sciences, 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.

Market Segment:

Graphene Nanoplatelets Application Outlook (Volume, Kilograms; Revenue, USD Thousand; 2014 – 2025)
• Composites
  • Energy & Power
  • Conductive Inks & Coatings
  • Others

Graphene Nanoplatelets Regional Outlook (Volume, Kilograms; Revenue, USD Thousand; 2014 – 2025)
  • North America
• U.S.
  • Europe
  • UK
  • Spain
  • Asia Pacific
  • China
  • India
  • Rest of the World

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Paints And Coatings Market Hit Almost USD 227.70 Billion Figure By 2025

The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product.

Why Paints And Coating: Paints and coatings enable better products that are durable, much attractive, reliable, and highly saleable. Paints and coatings are looked upon as the materials that add value to the finished products. The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product. Besides, paints and coatings constitute a specific material and design with significant texture variables.

Future of Paint Industry:

The global Paints and Coatings market is expected to cross USD 227.70 billion by 2025. Paints and coatings industry is driven by factors such as rise in use of paint and coating in automotive, construction, and marine industries. In addition, rise in innovation in manufacturing processes and derivation of formulation technologies propel the market growth. The market witnesses remarkable trends such as inception of nanotechnology in the paints and coating industry. However, increase in use of substitutes, wallpapers, and significant costs associated with paint related activities is likely to hamper the market growth in the near future.

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Product segment for paint and coating market includes waterborne formulations, water-based coats and water based polyurethane. End-use segmentation for paints & coatings industry comprises general industries, automotive, wood, aerospace, and marine.

Geographical segmentation for paints and coatings market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s paint and coating industry is anticipated to rise at a staggering CAGR in the forecast period due to increase in demand for paint and coating products coupled with vast presence of paint manufacturers in these regions. In addition, rise in commercial construction and related activities is likely to trigger the APAC market growth.

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What are top companies in paint and coating:

North American and European markets are expected to gain a significant CAGR in the forecast period due to stringent environmental norms and precaution against hazardous chemicals. Middle East and African regions are likely to gain a positive traction in the forecast period due to rise in imex business. Besides, flexible pricing coupled with ease of availability is also expected to stimulate the market growth in the near future. The key players in the paint & coating market include PPG Industries, AkzoNobel, Sherwin-Williams Company, Axalta Coating System, Valspar Corporation, Nippon Paint Holdings, Jotun Group and RPM International Inc.

Market Segment:

Paints & Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
• High solids/radiation curing
  • Powder coatings
  • Waterborne coatings
  • Solvent-borne coatings
  • Others

Paints & Coatings Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyesters
  • Others

Paints & Coatings Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
  • Architectural & Decorative
  • Non-architectural
      • Automotive
      • Wood
      • General Industrial
      • Marine
      • Protective
      • Others

Continued……………

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