Consumer Good – Latest Market Trends

Carbonated soft drinks Market Attain Height of USD 605.6 billion Worldwide

The global carbonated soft drinks market size is expected to value at USD 605.6 billion by 2025, during the forecast period. The carbonated soft drinks industry is subject to witness a substantial growth due to the growing adoption of modern methodologies during manufacturing process and rising retail sales. The major distribution stations of carbonated soft drinks involve local supermarkets and general stores, food service providers and restaurants, pharmacies, vending machine operators, and etc.

Other small-scale distributors of the carbonated soft drinks are coffee shops, private clubs, drinking places and few community centers. The changing food habits and lack of awareness about health are some of the factors responsible factors for the growth of the market in the recent years.

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The growing retail sales of the carbonated soft drinks is purely based on the numerous product development in regards to the range of variety available in the market and preference of the consumers. The influence of the large-scale food providers such as Walmart for distribution of the product across the globe paves a way for the extended reach of the market. Globally, the carbonated soft drinks market is predicted to grow at high CAGR during the forecast period, providing numerous opportunity for market players to invest for research and development for further addition in variety of the product, thus attributing to the growth of carbonated soft drinks industry.

Numerous technological advancement in the manufacturing processes has led to the transformation in the carbonated soft drink industry. The adoption of robotics and automation is allowing increased manufacturing production in the short duration of the time and reduction in the cost, such factors are fueling to the market growth. Though, strict laws and regulation against the rising content of sugar in the carbonated drinks and growing health concerns are restraining market growth.

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The regular consummation in high quantity of carbonated drinks give rise to the various health related issues like diabetes, overweighs, and dental problems. Furthermore, aggressive business strategies adopted by leading industry players in the form of advertisement print as well as digital media are some of the critical factor responsible for the expansion the carbonated soft drinks market over the forecast period.

A carbonated soft drink commonly consists of carbonated water, a sweetener, an organic additives and synthetic flavoring substance. The sweetener majorly consists of mixture of different ingredients such as high quantity of sugar, high fructose such as corn syrup, fruit extracts, and in some case artificial flavored sugar substitutes also referred as diet drinks. Carbonated soft drinks might contain traces of caffeine, coloring additives, preservers, and other kinds of substances. Some of the fruit drinks, ice teas, and few of the non-alcoholic drinks also comes within the category of the soft drinks.

A carbonated drink contains carbon dioxide gas that causes bubbles and fizzes in the soft drinks. Procedure implemented to dissolve the carbon dioxide is commonly referred as carbonation. Both artificial and natural implication of the carbonation process are found, for instance, mineral water naturally absorbs carbon dioxide to produce carbonated mineral water.

The artificial production of carbonation involves injecting carbon dioxide into the mixture of sugar and water at a very high pressure, subsequently tightly closing the container. Similarly, at low pressure carbon dioxide vaporizes from carbonated drinks, so packaging and labeling are considered as critical concerns for carbonated soft drinks manufacturers.

The carbonated soft drinks industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the lack of awareness among buyers and presence of leading industry players. European region is predicted to hold major market share in the carbonated soft drinks market with massive growth in forecast period.

Countries such as Germany, France, and UK are leading the European market with early introduction of soda-based drinks and the changing food preferences. The key players in the carbonated soft drinks industry are Pepsi Co, The Coca-Cola Company Inc., AJE Groups, Tetra Park Ltd., and Dr. Pepper Snapple Inc.

Antifouling Coating Market Will Reach Height of 130.0 kilo tons By 2024

Global Antifouling Coating Market size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels, cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.

Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products’ growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion, external contamination and fouling is expected to fuel market growth.

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In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue, over the forecast period. Companies functioning in oil & gas sector are continuously investing in the market for The FPSO vessels and thereby this is expected to serve market growth.

Regional Outlook

In 2014, Asia-Pacific was the dominant player accounting for nearly 85% of the overall volume in 2014. South Korea, Japan, China, Philippines and Taiwan are major hubs for shipbuilding activities. This is anticipated to lead to the dominance of Asia-Pacific in the shipbuilding segment, thus raising demand for antifouling paints. Furthermore, growing expenditure related to the production & exploration of crude oil & natural gas in India, Thailand and China, India are projected to further propel demand for these paints in production platforms and drilling rigs.

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China, Taiwan, Philippines and South Korea, Taiwan are anticipated to witness substantial gains on account of presence of a large number of shipbuilding producers. In addition, the emergence of India and Australia as production units of shipping vessels on account of regulatory provisions for encouraging new investments and funding at the domestic level is estimated to expand the market size. The presence of stringent rules and policies to monitor the use of biocides in agriculture and water treatment, personal care and marine applications by the European Commission and EPA is expected to impede antifouling coatings demand from 2015 to 2022.

In September 2013, the Government of India introduced Draft National Chemical Policy, to uplift the country’s domestic throughput in the chemical industry to 6% by 2020 from 3% in 2014. Favourable government programs along with growing shipping sector in India is anticipated to present new opportunities in the next seven years. Europe’s Antifouling Coating Market, on the other hand, crossed 6.0 kilo tons in 2014. The market is expected to witness appositive impact owing to high penetration of yachts manufacturers in UK and Italy.

In 2014, MEA antifouling coatings market was estimated at USD 22.3 million. With the capital expenditure on a rise majorly attributing to development of offshore vessels in Nigeria, Angola and the market is expected to escalate the usage of this product over the coming years.

Competitive Insights

Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated to produce 10 million litres of marine coating products, together with antifouling products.

GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development is anticipated to remain a vital success factor for the market in the foreseeable future.

Research and Developments in the coatings market including the natural materials from palm oil for instance, may influence market demand and increase market potential over the forecast period. Biomimetic-Innovation-Centre (B-I-C), in July 2011, developed a new harmless antifouling coating using palm seed.

Soup Market Will Reach Height of USD 19.8 billion By 2025

Synopsis:

The scope of the global Soup Market was prized by US$ 16.1 billion in 2018 and is estimated to reach USD 19.8 billion by 2025, with a CAGR of 3.0% during the period of forecast. The soup is a liquid nourishment usually served as a speedy meal in hot condition.

This offers a number of fitness paybacks owing to the existence of numerous fitness endorsing elements for example vegetables, lentils, beans, and meat. As such, it becomes a powerhouse of nutrients, minerals, and vitamins. Soup benefits in increasing levels of immunity, along with averting abdominal infection and confirms fit digestion.

Drivers:

The business is motivated by growing demand for convenience nutrition and increasing alertness concerning fitness profits of soups. These are rich in protein, minerals, nutrients and vitamins. Altering standard of living of the customers and growing preference for the ingestion of fit nourishment products are likely to boost the general demand during the period of following few years.

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Growth in per head earnings, suburbanization, and the presentation of new tastes are moreover estimated to motivate the global demand for soup during the upcoming years. Furthermore, in the number of salaried people and growing favorites for treated diet owing to its fitness paybacks are increasing the demand for it in the market. Furthermore, migration of country side people to the metropolitan zones in the emerging nations of Asia Pacific, comprising China and India is likely to upsurge the demand for it.

Classification:

The global soup market can be classified by Delivery Network, Product, Packaging and Region. By Delivery Network, it can be classified as Online Network, Hypermarkets, Supermarkets, and Convenience Stores. By Product, it can be classified as UTH, Canned, Dried, Instant, Dehydrated, Preserved, Canned, Frozen, Canned and Others. By Packaging, it can be classified as Pouched, Canned and Other Packaging.

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Regional Lookout:

By Region the global soup industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Europe was the leading local market for soups. The state posted profit of US$ 6.4 billion in 2018. It is expected to constitute the most important share during the period of forecast. North America held the subsequent biggest share of the market in 2018 (30.0%). Hence, these are generally consumed by the European and North American people because of the progressive way of life and the greater per head earnings of the customers.

The Asia Pacific’s market and the rest of the world are open to innovation. People in emerging nation state, comprising Bangladesh, Thailand, China and India, are accepting western values of working and living. This, sequentially, can increase the demand for dried and canned soup products within these areas. Furthermore, increasing alertness about fitness, together with hectic working lifestyle, is likely to upsurge the demand for it in the markets of Central & South America, Middle East & Africa and in Asia Pacific.

Companies:

The manufacturing companies are evolving new-fangled products as per the most recent likings of the customer for fitness benefits and taste, with the intention of obtaining the bigger share of the market.

Some of the important companies for soup market are Baxter’s Food Group Limited, Bear Creek Country Kitchens LLC, TSC Foods, Nestlé, Campbell Soup Company, and Associated British Foods PLC. Additional notable companies are Kraft Heinz Canada, Unilever Food Solutions, CSC BRANDS LP, General Mills Inc., Con Agra Brands Inc., Symington’s Ltd., Premier Foods, Hain Celestial, Kettle Cuisine LLC, The Original Soup man, The Kroger Co., AMY’s Kitchen Inc., Maruchan Inc., and others.

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

Polyglycerol Market Will Reach Height of USD 5.52 billion By 2025

The global Polyglycerol Market size is expected to value at USD 5.52 billion by 2022. The market is subject to witness a substantial growth due to the increasing rising demand for organic extracts in food and beverage industry, minimizing use of petrochemical products, and to curb greenhouse gas emissions. Increasing adoption of genetically modified food (GMO) have adverse effect on the environment, thus creating need for environmental-friendly food products.

Additionally, major focus in research and development activities for the production of non-GMO crops is on rise. These factors are expected to fuel growth of the market in coming years. Globally, the polyglycerol market is predicted to grow at CAGR of 10.7% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Additionally, rise in the demand for low-fat food products among consumers is anticipated to complement market growth during the forecast period. With recent development of innovative food products and rise in the demand for high quality organic extracts are attributing to the growth of polyglycerol industry. Stringent laws and regulation by local governments regarding quality of food and excess of chemical usage are anticipated to aid market expansion.

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Similarly, increasing preference towards processing of foods at domestic by smaller countries to achieve self-sufficiency, is anticipated to fuel market growth. Constant demand of the polyglycerol from cosmetics and personal care sector is leading to development of sophisticated products, thus amplifying overall market value.

Properties of polyglycerol such as multi-functionality, bio-degradability and mildness, make it ideal choice during production of non-GMO food products. Pharmaceutical sector is one of the fastest growing segment in the polyglycerol industry with highest revenue generation in last couple of years. is expected to augment industry demand. Increasing adoption of science and technology during manufacturing and development of drugs is one of the critical factors responsible for the rising demand for the polyglycerol market in pharmaceutical industry.

Glycerol is primary ingredient during the production of polyglycerol. Glycerol is commonly derived from biodiesel and oleo-chemicals, which are cheaper and easily available in the market. Thus, production of the polyglycerol is commonly considered as cost-effective process, as price of the polyglycerol is directly dependent on the cost of the raw ingredients. The process involved during production of the polyglycerol from glycerol is called as esterification of fatty acids, which are highly saturated or mono-unsaturated depending on number of hydroxyl groups present. Glycerol is commonly considered as a trifunctional molecule that can condense with itself to produce multiple polymers.

Polyglycerol esters acts as non-ionic surfactants with range applications in different industries such as personal care, food& beverage, and pharmaceutical industry. Polyglycerol esters are of amphiphilic nature, which makes them ideal choice for the stabilization of various suspensions activities.

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Increasing use of polyglycerol in cosmetics and personal care sector offer numerous benefits including emulsification, viscosity management, dispersion and stability for the end mixture. Application of the polyglycerol in cosmetics and personal care sector involves hair style gels, skin treatment products, skin cleansers, baby creams, hand lotions, moisturizers, sunscreens lotions, and sun-protective sticks. Most popular applications of the polyglycerol are foundation creams, makeup removers, skin cleansers, and baby creams. In foods & beverages industry, applications of the polyglycerol include production of fine bakery products, and chewing gum.

The polyglycerol industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and European region have shown major growth in recent years owing to changing foods patterns among consumers and increasing preference towards exotic and ethnic food products.

Asia-Pacific region is predicted to hold major market share in the polyglycerol market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rise in the personal disposable income and substantial focus on research and development activities to formulate new personal care product by industry leaders, thus gaining competitive advantage in the market. The key players in the polyglycerol industry are TheLonza Group, Kosher Foods, Greenfield Farms Food Incorporations, Spiga Nord S.p.A, and Sakamoto Yakuhinkogyo Co., Ltd.

Market Segment:

Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 – 2022)
• PG2
  • PG3
  • PG4
  • PG6
  • PG10

Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 – 2022)
  • Food & Beverages
  • Pharmaceuticals
  • Personal Care

Gift Packaging Market: New Innovations, Trends, And Top Companies

New innovations in food packing and non-food items with artificial jewelries, soft toys and artworks caught the attention

How Gift Packaging is changing:

New innovations in food packing and non-food items with artificial jewelries, soft toys and artworks caught the attention. A multitude of product categories including cookies, fruit baskets and wine hampers and different types of cheese gifted on occasions of birthdays and festivals have come under trending gifts with customers lifestyle and deep pockets under consideration for driving change in the gift packaging market.

Over the last decade, gift packing underwent a sea-change with rolling out of corporate and personal gifts.

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Wrapping paper including lunch bags, decorative gift bags and decorative shopping bags have come under lens for gift wrapping and alternatively decorative handkerchiefs touted as the nearest handy accessory to hit the market and propel growth for gift packaging market. The potent drivers to the market include e-tailers who have bridged the gap between erstwhile manufacturers and customers to satisfy demand thus enhancing gift packaging market.

Food gifting has transformed from conventional standards to contemporary sweets with attractive packaging and boosting gift packaging market. Furthermore, rise in disposable incomes has let one spend beyond his standards in acquiring gifts thus enhancing the gift packaging market. Personal gifting on holidays has given rise to ostentatious show of wealth with gifting to one and all matching one’s standard and lifestyle. This augurs well for the gift packaging market.

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Segmentation by packaging type comprises primary packaging, secondary packaging and tertiary packaging. On the basis of product type, segmentation goes as gift boxes containers, ribbons and bows, gift sacks, gift bags, wrapping paper, tissue paper and shreds, cell phone overwrap and bags, gift card and money holders and others.

By materials, global gift packaging market includes plastics, paper and paperboard, metals, glass and others. By geography, gift packaging market is segmented into North America, Europe, Asia Pacific, MEA and Latin America. Corrugated packaging has risen by leaps and bounds in UK and by far is the most widespread mode of packaging in the industry.

What are the best Gift Packaging companies in the market:

Asia Pacific leads market with rise in GDP and increasing disposable incomes with an increased consumer base and India and China portray countries with gregarious markets and having exposure to maximum spending. As per news article dated August 2016, gift packaging market in US is leading with gifting of candies and chocolates with elaborate packaging and gifts being doled out to far-flung relatives and online retailers have faster transactions with free delivery and shipment. Key industry players include Smurfit kappa group, Packlyn Ltd, Shenzen Fuxiang gifts & packaging gifts, Interpak, Ebro Color GmbH.

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Luxury Travel Market Will Generate About US$ 2.5 trillion By 2025

Growing per head earnings and increasing capacity of expenditure of upper and middle class customers, growth in micro journeys, increasing demand for building up of tourism memories and developing business of tourism, all over the world, are likely to motivate the global luxury travel market.

With reference to the report issued by the professionals the scope of the global Luxury Travel Market was priced at US$ 1.8 trillion in 2018. It is likely to develop by a CAGR of 4.6% during the period of forecast and to touch US$ 2.5 trillion by the completion of 2025.

Drivers:

Exclusive tourists are choosing to visit the uncharted destinations to increase experience and realize the different cultures everywhere the world. Furthermore, they are scheduling exceptional journeys that consist of voyaging, adventure actions and cultural visit, in that way backing to the development of the luxury travel industry.

The latest inclination of the industry is micro trips. It is likely to increase the market within the period of forecast. Tourists are taking up additional travel plan into smaller time spans. To stopover and expend quality time for the duration of small breakouts in exclusive and extraordinary category of lodging is likely to develop popular within the period of forecast.

Moreover, tendency of online exploration has substantially improved for many years. This is estimated to power the development of the market during the period of forecast. The contemporary smart rooms are expected to motivate the demand for luxury room and luxury travel during the period of forecast. In that way offering tourists broad sovereignty over the engagement and usage of the lodging and method of travelling. Growing usage of internet and existence of social media are performing by way of a catalytic agent for the development of the market. The travel content produced by the user is additionally effective above an old-style publicizing. What is more, storytelling of travel above the platforms of social media such as Facebook, Instagram and web sites for blogging have augmented substantially.

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Classification:

The global luxury travel market can be classified by Tour, Age Group and Region. By Tour, it can be classified as: Culinary Travel & Shopping, Safari & Adventure, Small Ship, Cruises & Yachting Voyages, Private & Customized Holidays, Celebration Trips and Others. By Age Group, it can be classified as: Silver Hair, Generation X, Baby Boomers, and Millennial.

Regional Lookout:

By Region the global luxury travel industry can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. During the year 2018, North America appeared such as the biggest provincial market. This development is estimated to remain over the period of forecast. The U.S.A. was the biggest shareholder of this market in 2018. It had a share of 85.5% in the business of North America region because it is an international monetary center along with one of the maximum prevalent tourist destinations for persons all over the world. Growth in undersized trip above extended haul trips is likely to power the development of the market within the region during the period of forecast.

Asia Pacific is estimated to appear such as the speedily developing provincial market during the period of forecast. Increase in the power of expenditure and refining lifestyle are some of the important reasons accountable for enticing customers to luxury travel. Demand for luxury travel for holiday journeys, corporate occasions and corporate holidays is increasing because additional money is getting inserted into the economy. The nations facing financial crunches, governmental unpredictability and strict rules for Foreign Direct Investment (FDI) are expected to observe stable or else sluggish development within the market.

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Companies:

The companies operating in the market are arriving into mergers & acquisitions (M&A) in addition to tactical partnerships to increase their geographic presence. For example, in July 2015, Lindblad Expeditions, Inc. merged with Capitol Acquisition Corp. II, in July 2015. This will assist it to have remarkable development openings during upcoming years. It comprises building of new-fangled ships and long term contracts. In partnership with National Geographic, Lindblad, is a global front-runner in experiences of luxury travel and voyage travelling.

Some of the important companies for luxury travel market are: Lindblad Expeditions, Cox & Kings Ltd., Butterfield & Robinson Inc., TUI Group, TCS World Travel, Exodus travels, Scott Dunn Ltd., Mica to Safaris, Abercrombie & Kent USA and TÜ Elite.

Market Segment:

Luxury Travel Tour Outlook (Revenue, USD Billion, 2015 – 2025)
• Customized & Private Vacations
  • Safari & Adventure
  • Cruises, Yachting & Small Ship Expeditions
  • Celebration Journeys
  • Culinary Travel & Shopping
  • Others

Luxury Travel Age Group Outlook (Revenue, USD Billion, 2015 – 2025)
  • Millennial
  • Generation X
  • Baby Boomers
  • Silver Hair

Luxury Travel Regional Outlook (Revenue, USD Billion, 2015 – 2025)
  • North America
• U.S.
  • Europe
• U.K.
• Germany
  • Asia Pacific
• India
• China
  • Central & South America
• Brazil
  • Middle East & Africa
• South Africa

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Geosynthetic Clay Liner Market Projected To Reach Height of USD 488.2 Million By 2025

Global Geosynthetic Clay Liner Market is anticipated to reach USD 488.2 million by 2022. Geosynthetic clay liners are mixtures that comprise two layers of geotextiles that enclose a layer of sodium bentonite. The factors that propel the growth of the geosynthetic clay liner market include increasing demand for geosynthetic clay liner, rising spending for infrastructure development in India, China and Middle East nations, and rising consciousness regarding acceptance of eco-friendly products. On the other hand, there are factors that may hamper the growth of the market including fluctuating prices of raw materials.

Geosynthetic clay liner industry is anticipated to grow at a significant CAGR of 4% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Increasing consciousness regarding acceptance of eco-friendly products has led to the growth of environmental-friendly products in the geosynthetic clay liners market, that is also one of the constant key trends in the geosynthetic clay liners.

Geosynthetic clay liner industry may be explored by type, application, and geography. The market may be explored by type as Bentonite Fluid Loss, Bentonite Swell Index1, Bentonite Mass/Area2, GCL Peel Strength3, GCL Grab Strength3, GCL Hydrated Internal Shear Strength5, GCL Hydraulic Conductivity4 and GCL Index Flux4.The “GCL” segment led the geosynthetic clay liner market in 2015 and is anticipated to maintain its dominance by 2022.

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The key applications that could be explored in the geosynthetic clay liner industry include Roadways & Civil Construction Landfill, and Containment & Wastewater Treatment. The “Roadways & Civil Construction Landfill” segment led the market of geosynthetic clay liner in 2015 and is anticipated to maintain its dominance by 2022.

Asia-Pacific accounted for the major market share of the geosynthetic clay liner in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising construction activity along with significant infrastructural investments in several countries of the region, including India and China, and rising consciousness regarding safe disposing practices. Asia-Pacific is followed by North American region.

Some of the key players that fuel the growth of the geosynthetic clay liners industry comprise CETCO, Nilex Inc., GSE Holdings, Terrafix Geosynthetics Inc., Layfield Group Ltd., Global Synthetics, GEOFABRICS, Wall Tag Pte Ltd and Geotech Systems Limited. 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, Million Square Meters; Revenue, USD Million; 2012 – 2022)
  • Containment & Wastewater Treatment
  • Landfill
  • Roadways & Civil Construction
  • Others

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2012 – 2022)
  • North America
  • U.S.
  • Europe
  • Germany
  • Asia Pacific
  • China
  • Australia
  • Latin America
  • Brazil
  • MEA
  • Saudi Arabia

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Global Base Oil Market is Booming Worldwide from 2020 to 2025

Base oils are essential element for any lubricant. The formulation goes under chemical synthesis or crude oil when heat is applied.

Global Base Oil Market is anticipated to grow considerably in the forecast period owing to the increasing use of lubricants in the end-use industries like automotive and manufacturing. Base oils are essential element for any lubricant. The formulation goes under chemical synthesis or crude oil when heat is applied. During the heating process, heavy or light hydrocarbons are separated. Petrol and other fuels contain light hydrocarbon and base oil is made from heavy hydrocarbons. It is ideal for making gear oil, hydraulic oil, and premium engine oil.

Base oils have application in manufacturing industrial products along with motor oil, lubricating greases and metal processing fluids. They act as foundation of the lubricant, before blending it with a thickener or an additive in case of grease. Base oils are classified by the constituent base material, synthetic, vegetable and mineral. Their characteristics determine their holding capacity against numerous lubrication challenges. Major properties of base oil constitute as the index, pour point, oxidation, thermal stability, volatility, aniline point, and hydrolytic stability.

Base oil industry is driven by factors like growing automotive segment in the emerging economies of Asia Pacific that propels the demand for finished lubricants. Other drivers of base oil market include massive industrialization along with the growing acceptance of superior quality products, inclination towards group VI base oils and strict emission regulations.

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Conversely, steady shift to heavy and sour crude oil by the refiners and high cost of plummeting crude oil are few the challenges witnessed by base oil industry. However, the existing players in the market can predict new opportunities from gas-to-liquid technology, which will stimulate the supply of highly pure and superior quality base oil.

Moreover, the escalating demand from automotive segment for base oils, particularly from the developing economies and strict environmental regulations resulting to stringent performance standards is driving base oil market. Nevertheless, the changing prices of crude oil and protocols concerning emission rules are predicted to hinder the growth of the market in the years to come. However, the inclination from group I base oils to group II & group III is expected to display multiple growth opportunities to the market players.

Base oil industry is categorized on the basis of type, application and geography. On the basis of type, the market is divided into group I, group II, group III, group IV and group V. In terms of application, the industry is split into automotive oil, industrial oil, metalworking fluids, greases, and others. Automotive segment is expected to hold larger market share of base oil owing to the increase in demand for finished lubricant items in the automotive segment.

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Geographically, base oil market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the growing industrial development, Asia Pacific is predicted to hold larger market share of base oil. The prominent players in base oil industry are BP PLC, Chevron Corporation, Evonik Industries AG, Ergon Inc., H&R Ölwerke Schindler GmbH, Exxon Mobil Corporation, Royal Dutch Shell PLC, Petronas Pvt. Ltd., SK Lubricants Co. Ltd., Total S.A., Nynas AB.

Market Segment:

Global Base Oil Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
• Group I
  • Group II
  • Group III
  • Others

Global Base Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
  • Automotive Oils
  • Process Oils
  • Hydraulic Oils
  • Metalworking Fluids
  • Industrial Oils
  • Others

Global Base Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
  • North America
      • U.S.
  • Europe
      • Germany
      • France
      • UK
      • Italy
      • Russia
      • Turkey
  • Asia Pacific
      • China
      • India
      • Japan
      • Southeast Asia
  • Central & South America
      • Brazil
      • Argentina
      • Venezuela
  • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Jordan
      • South Africa
      • Egypt
      • Nigeria
      • Kenya

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Research Support Specialist, USA

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Soda Ash Market Projected To Reach Height of USD 25.37 billion By 2025

It is an alkali chemical polished from the naturally occurring sodium carbonate-bearing brines or mineral trona. It is mainly used as a commercial neutralizing agent.

Global Soda Ash Market is expected to reach USD 25.37 billion by 2024. Soda Ash is also termed as sodium carbonate (Na2CO3), soda crystals, or washing soda. It is an alkali chemical polished from the naturally occurring sodium carbonate-bearing brines or mineral trona. It is mainly used as a commercial neutralizing agent. It is anhydrous, white, granular or powdered material exclusively used in manufacturing of detergent chemicals, glass, and others. The Soda Ash Market is estimated to grow at a significant CAGR of 2.9% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing demand for synthetic and natural products from manufacturers, increasing demand for detergent and soap industry in developing countries, development of chemical industry in developing countries, and high demand from construction & building and automotive industries are documented as major factors of Soda Ash Market that are estimated to enhance the growth in the years to come. However, its impact on environment and presence of alternatives like sodium silicate and caustic soda may restrain overall market in the coming years. Soda Ash Market is segmented based on manufacturing method, grade, application, and region.

Leblanc process, Solvay process, and other manufacturing methods could be explored in Soda Ash in the forecast period. Dense, light, and medium are the major grades that could be explored in Soda Ash in the forecast period. The market may be categorized based on applications like manufacturing, glass, pulp & paper, chemicals, water treatment, soaps and detergents, metallurgy, and others could be explored in the forecast period. Glass sector accounted for the substantial market share of Soda Ash and is estimated to lead the overall market in the coming years. This may be because it reduces the melting temperature of the sand used in glass formation and helps to form an exact shape of glass. Also, soap and detergent and chemicals sector follow suit.

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Globally, Asia Pacific accounted for the substantial market share of Soda Ash and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing industries in developing countries like Taiwan, China, and India and rising production capacity in China. China is a major consumer of Soda Ash in this region.

Instead, North America is also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, it 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 low cost of natural product. The United States is a major consumer of Soda Ash in this region.

The key players of Soda Ash industry are Solvay SA, Tata Chemicals Limited, Oriental Chemical Industries, DCW Limited, and FMC Corporation. 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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Global Soda Ash Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
• Glass
  • Chemicals
  • Soaps & detergents
  • Metallurgy
  • Water treatment
  • Pulp & paper
  • Other

Global Soda Ash Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
  • North America
      • U.S.
  • Europe
      • Germany
      • France
      • UK
  • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
  • Middle East & Africa
  • Central & South America

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Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com