Piroctone Olamine Market | Global Industry Size, Growth, SWOT Analysis, Top Companies, Regional Outlook by 2032

The global piroctone olamine market is estimated to reach US$ 73 Mn in 2022. With sales growing at a 6.5% CAGR over the forecast period, with the market size projected to reach US$ 137.1 Mn by 2032.

According to a study, almost 50% of the adult population across the globe are suffering from dandruff problems. Piroctone Olamine is a powerful ingredient that fights dandruff at its source. It is frequently used in the treatment of fungal diseases and has a unique molecular composition that makes it easy to dissolve in shampoo formulations.

Despite the wide applications of piroctone olamine in hair care products, however, the ingredient is very expensive and there are many cheaper alternatives available in the market. High product cost hinders small and medium-sized cosmetic manufacturers to use piroctone olamine in their products and shift towards cheaper alternatives, which is expected to hinder sales in the market.

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 “Rising demand for anti-dandruff solutions such as shampoos, oils, creams, along with increasing incorporation of piroctone olamine in anti-acne products will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on purity, sales in the >99% segment are projected to increase at a considerable pace over the forecast period.
  • In terms of applications, demand in the cosmetic sector will grow at a 5.9% CAGR through 2032.
  • Rising demand for piroctone olamine in hair care products, anti-acne products, washing products, deodorants, and soap is expected to propel the growth of the market.
  • China will dominate the East Asia piroctone olamine market over the assessment period, owing to expansion in the cosmetics sector.
  • The U.S. is expected to emerge as a lucrative pocket, as demand for skincare products continues to grow.

Competitive Landscape

Clariant AG, Lonza Group, Wuxi Zhufeng Fine Chemical Co., Ltd., Kumar organic product limited, Somu Group, Zhonglan Industry Co. ltd., YanTai Aurora Chemical Co. Ltd., Spec Chem Industry Inc., Shandong Chuangying Chemical Co. Ltd., and various others are some of the key manufacturers operating in the global piroctone olamine market.

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More Insights into the Piroctone Olamine Market Report

In its latest report, FMI offers an unbiased analysis of the Asia Pacific Piroctone Olamine Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the Asia Pacific market potential, its growth, and scope, the market is segmented based on purity, application, and region.

MARKET SEGMENTATION

By Purity:

  • ≥ 99%
  • < 99%

By Application:

  • Hair Care
  • Cosmetics
  • Deodorants
  • Washing Products
  • Others

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Frequently Asked Questions

  • What is the current global piroctone olamine market value?
  • What is the demand outlook for global piroctone olamine?
  • At what rate did the global piroctone olamine market grow between 2017 and 2021?
  • Who are the leading players in the global piroctone olamine market?
  • Which are the top countries driving the global piroctone olamine market demand?

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IT Asset Disposition Market Worth US$ 31.8 Billion by 2032 at a CAGR of 7.4%

According to a recent study done by Future Market Insights, the IT asset disposition market is expected to reach US$ 31.8 Billion by 2032, up from US$ 15.6 Billion in 2022, expanding at a high CAGR of 7.4%. This study explains that factors such as the strict data security compliance with environmental regulations, need to store assets in inventory for remarketing, the need to maximize asset value recovery, and the growing usage of electronic devices such as mobiles, laptops, and tablets for enterprise usage are expected to accelerate the market growth during the forecast period.

The major factor that is expected to propel the growth of the IT Asset Disposition Market during the forecast period includes the awareness of conserving the environment. In addition, the IT asset disposition market has been witnessing significant growth over the past years, mainly owing to regulatory compliances, and the growing need to prevent data breaches.

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The market is further driven by the vast amounts of e-waste, the need for safe methods of disposing of e-waste, and environmental policies which are followed by industries. The surging adoption of new technologies and BYOD trend is also expected to considerably boost the IT asset disposition market in the coming years. Moreover, the increase in need for data and information security in old assets acts as one of the major factors fueling the growth of IT asset disposition market during the forecast period.

Key Takeaways from the Market Study

  • Global IT asset disposition market to be valued at US$ 15.6 Bn by 2022-end
  • The U.S to account for the highest value share of US$ 11.4 Bn of global market demand for IT Asset Disposition Market in 2032
  • From 2015 to 2021, IT Asset Disposition demand expanded at a CAGR of 8.1%
  • By asset type, the servers category constitutes the bulk of IT asset disposition market with a CAGR of 7.1%.

Competitive Landscape

Players in the global IT Asset Disposition Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In August 2020, CompuCom (US) and Office Depot (US) partnered to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.
  • In February 2020, Dell Technologies (US) entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.
  • In July 2019, TES (Singapore) acquired Integrations et Services (I&S) (France), a leading provider of configuration to order, staging, and IT deployment services across France and mainland Europe, to deliver integrated end-to-end IT lifecycle solutions while also helping its clients manage the complexities and risks that are inherent in them.

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Know More About What the IT Asset Disposition Market Repost Covers

Future Market Insights offers an unbiased analysis of the global IT Asset Disposition Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the IT Asset Disposition Market Study

IT Asset Disposition by Service

  • IT Asset De-Manufacturing and Recycling
  • IT Asset Remarketing and Value Recovery
  • IT Asset Data Destruction/Data Sanitization
  • IT Asset Logistics Management and Reverse Logistics
  • Other Services

IT Asset Disposition by Asset Type

  • Computers/Laptops Disposition
  • Servers Disposition
  • Mobile Devices Disposition
  • Storage Devices Disposition
  • Peripherals Disposition

IT Asset Disposition by Organization Size

  • IT Asset Disposition for SMEs
  • IT Asset Disposition for Large Enterprise

IT Asset Disposition by End User

  • IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
  • IT Asset Disposition in IT and Telecom
  • IT Asset Disposition in Educational Institutions
  • IT Asset Disposition in Healthcare Industry
  • IT Asset Disposition in Aerospace and Defense
  • IT Asset Disposition in Public Sector and Government Offices
  • IT Asset Disposition in Manufacturing
  • IT Asset Disposition in Media and Entertainment
  • IT Asset Disposition in Other Industries

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IT Asset Disposition by Region

  • North America IT Asset Disposition Market
  • Latin America IT Asset Disposition Market
  • Europe IT Asset Disposition Market
  • Asia Pacific IT Asset Disposition Market
  • Middle East and Africa IT Asset Disposition Market

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Valeryl Chloride Market Size | Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2032

The global market size for valeryl chloride is expected to reach 898 million US dollars by 2032 Dem According to IMF report, the global market share of valeryl chloride in 2022 was US$ 551.25 million and is still show a growth of 5% over the forecast period.

Valeryl chloride is extensively driven by pharmaceutical and agrochemicals sectors. Aging population and advancement in the healthcare has led to increase in demand of better pharmaceutical products.

Increasing general awareness amongst the general population has increased the demand for medicine for better physical and mental health, this all drives the valeryl chloride at a steady rate over the forecast period.

Increasing population have led to increase in the demand for better agrochemicals for faster and quality production. Advancements in agrochemical sectors is estimated to increase in demand of valeryl chloride.

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Valeryl Chloride Market: Regional Outlook

North America and Europe have established a dominant presence in the pharmaceutical market. U.S. being a key player in the pharmaceutical market because of the higher attractiveness of pharmaceutical industry for a wide range of customers with low levels of prize regulations, has always been a very positive market for pharmaceutical products, which in turn will drive the valeryl chloride market over the forecast period.

North America and Europe will witness a steady growth in the valeryl chloride market over the forecast period. In the Asia-Pacific region countries such as China and India have observed steady growth in the pharmaceutical and agrochemicals industries, which will propel the valeryl chloride market over the coming years.

Government initiatives for better medical and health care have also pushed the valeryl chloride market positively. Agrochemicals extensively will drive the market of valeryl chloride, Asia-Pacific holding a dominant share in this sector with increasing agricultural activities, leading to manufacturing of pesticides, crop protecting agents among others.

Positive agricultural activities in Latin American countries such as Brazil, Colombia will keep witness a steady valeryl chloride market. Investments of multiple pharmaceutical companies in Middle-Eastern companies and Africa holds the region a potential market for valeryl chloride, for now it will stays stagnant.

The key players of Valeryl Chloride are:

Shiva Pharmachem, Omega finechem Pvt. Ltd., Zibo Shanqiang Plastic Co., Ltd., Chemicalland21, Tejraj Bros, Dev Enterprise, BASF SE, CABB Chemicals, Hangzhou Fanda Chemical, Jiangsu Baichang Pharmaceutical, Leonid Chemicals, Shandong Jiahong Chemical, Jinnan Fufang Chemical, Lianfeng Chemicals among others.

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Key Segments Profiled in the Valeryl Chloride Market Survey

By Purity:

  • 98%
  • 99%
  • Others

By Application:

  • Pharmaceuticals
  • Agrochemicals
  • Fragrances
  • Electronics
  • Others

The Valeryl Chloride Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Valeryl Chloride market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Valeryl Chloride market segments and geographies.

North America and Europe have established a dominant presence in the pharmaceutical market. The U.S. is a key player in the pharmaceutical market because of the higher attractiveness of the pharmaceutical industry for a wide range of customers with low levels of prize regulations.

It has always been a very positive market for pharmaceutical products, which will drive the sales of valeryl chloride in the regional market over the forecast period. North America and Europe will witness steady growth in the demand for valeryl chloride over the forecast period.

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Tallow Amine Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast by 2032

The Tallow amine Market is expected to register a CAGR of 4% during the forecast period. The market share of tallow amine is estimated at US$9.3 billion in 2022 and is projected to reach US$13.77 billion by 2032. Moreover, the demand for tallow amine is increasing due to the fact that tallow amine is used as fuel and lubricant, dyes and pigments.

Tallow amines represents the wide range of non-ionic surfactants derived from animal fats i.e. tallow. Tallow is a hard fat is comprised of glyceryl esters of oleic, palmitic, and stearic acids. Tallow amines are hydrophilic surfactants with a weak ammonia smell.

Tallow amines are immiscible in water, and are easily dissolved in alcohols, chloroforms, benzene, and ethers. Animal fats are hydrolyzed to give mixture of fatty acids mainly comprised of palmitic, oleic, linoleic and myristic. These fatty acids are converted into amines by nitrile process.

Tallow amine is finding various applications in numerous industries. Tallow amines are widely used as cationic collector in mining industry, as an emulsifier and wetting agent in agrochemicals formulation. Tallow amines are also used as additives in fuel and lubricants.

They are used as an additives in fuel & lubricants as well as dyes & pigments. Tallow amines are also used as corrosion inhibitors and thickeners for many industrial applications.

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Tallow amines are also finding its application is soaps formulation and leather dressing. In certain regions and countries such as France, there are regulations and bans being imposed on the tallow amine due to the uncertain health risks.

Tallow Amine Market: Dynamics

Changing farming techniques and advancement of the farming technology has reshaped the agriculture industry. Rapidly growing population has fueled the agricultural production across the world. Advancement of technology and agriculture science there is rise in the adoption of agrochemicals.

The up surging demand for high productivity or high agricultural yield is boosting the demand for agrochemicals, rising demand for agrochemicals will drive the growth of tallow amine market.

In this rapidly growing modern industrial there is substantial advancement in the technology and industrial activities. Advancement of technology is boosting the demand for efficient fuels and lubricants, growing demand for fuel and lubricants will positively influence the tallow amines market.

Rising urban population and increasing GDP growth has increased the construction activities and infrastructure spending, Increasing demand for asphalt boost the growth of tallow amine market. Growing Textile as well as Paints & Coatings industry will have a positive impact on the tallow amine market.

Rapid industrialization across the globe is increasing the mining and exploration activities around the world, growth of mining industry will fuel the demand for tallow amine. Increasing number of regulations and imposition of ban on certain types of tallow amine in certain regions will hamper the growth of tallow amine market.

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Tallow Amine Market: Regional Outlook

Agrochemicals and dyes & pigment production activities are growing in the Asia Pacific region. Also, in Asia Pacific there is significant rise in construction activities and infrastructural development, especially in the developing countries such as China & India.

Rising mining activities coupled with above factors is estimated to make Asia Pacific a prominent market region for tallow amine market. Despite being the matured market Europe and North America can be considered as potential market regions owing to increasing demand for fuel & lubricants, dyes & pigments and rising construction activities.

The regions of Africa are very rich in terms of natural resources reserves and there are several countries in Africa which have untapped natural resource reserves, owing to which there is substantial number of mining activities ongoing in Africa, also there is rise in the number of agrochemical industry in the regions such as Middle East and Africa, owing to which Middle East and Africa can be considered as promising market for tallow amine.

Tallow Amine Market: Key Participants

Examples of some of the market participants operating in the global Tallow Amine market are:

Kao Chemicals, Oriental Union Chemical Corporation, SINO-JAPAN CHEMICAL CO.,LTD.,JiangYin HuaYuan Chemical Co.,Ltd., Lantian Finechem, Shandong paini Chemical Co., Ltd., Shandong Kerui, Prasol Chemicals Pvt Ltd., and Huntsman International LLC among others.

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The Tallow amine market research report presents a comprehensive assessment of the Tallow amine market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The Tallow amine market research report provides analysis and information according to Tallow amine market segments such as geographies, application and industry.

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Metalworking Fluids Market to Display Impressive Growth of 3.7% with Rising Demand

According to Future Market Insights (FMI), the demand for metalworking fluids market is expected to expand at a 3.7% CAGR between 2021 and 2031, reaching US$ 9.61 billion in 2021. With a good demand forecast, metalworking fluid sales are expected to reach 36,67,557.1 Tons by 2031.

The increasing use of metalworking fluids in the manufacturing of critical metal components in the transportation and heavy machinery industries will drive market expansion.

Metalworking fluid sales are expected to increase throughout the projection period due to a growing preference for lightweight metals such as aluminium, copper, and zinc in the fabrication of complex components used in high performance applications.

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Rapid urbanization and population growth are leading to a surge in demand for private transportation vehicle and increased spending on public transport. The automotive industry has been a key beneficiary of this trend, as automotive sales continued increasing in developing countries such as China, India, Saudi Arabia, and ASEAN nations.

Similar growth has been recorded in these markets for public transportation facilities such as metro trains, resulting in high demand for metalworking fluids in the automotive and transportation sectors.

However, various stringent regulations regarding the usage of harmful synthetic chemicals are restricting the market growth. To counter this issue, manufacturers are investing in research and development activities to develop eco-friendly lubrication solutions.

Emergence of bio-based fluids, and other multifunctional fluids to reduce incompatibility will continue providing tailwinds to metalworking fluids sales in the forthcoming years.

Key Takeaways from Metalworking Fluids Market Study

  • Transportation equipment is the leading consumer of metalworking fluids, accounting for and more than half of the overall metalworking fluids produced.
  • Sales of straight oils are projected to increase by 3.1% year-over-year in 2021.
  • Based on product type, sales of metal removal fluids are projected to command over 50% of the total metalworking fluids market share.
  • The U.S. will continue dominating the North America metalworking fluids market, growing by 3.0% year-over-year rate in 2021.
  • Demand for metalworking fluids in Germany is anticipated to rise at a 3.5% CAGR through 2031.
  • China will emerge as a lucrative metalworking fluids market, expanding at a 5.1% CAGR over the forecast period.
  • Japan and South Korea will collectively account for 9.7% of the total metalworking fluids market share.

“Increasing sales of lightweight automotive such as electronic vehicles (EVs), along with innovations in fluid blends to cater to diverse industrial requirements will continue pushing the sales of metalworking fluids over the forecast period,” says the FMI analyst.  

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Metalworking Fluids Market: Participant Insights                                               

Key players operating in the global metalworking fluids market comprise ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, FUCHS Petrolub SE, TotalEnergies SE, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Cimcool Industrial Products LLC, and Metalworking Lubricants Company.

As per FMI’s analysis, top 5 players including Quaker Chemical Corporation, ExxonMobil Corporation, TotalEnergies SE, Idemitsu Kosan Co. Ltd. and BP plc. are projected to account for 45-55% of the total metalworking fluid market share.

In efforts to gain a competitive edge, leading players are focusing on research and development to launch new and innovative products that are more efficient and comply with various stringent regulations. In addition to this, collaborations, mergers, and acquisitions will remain effective growth strategies among players over the assessment period.  For instance:

  • In 2021, Quaker Chemical Corporation announced the beginning of a new joint venture with Grindaix GmbH, which is a German provider of high-tech coolant control solutions and delivery systems.
  • In 2021, Idemitsu and IHI Corporation announced that they had concluded a joint agreement to establish a supply chain network for ammonia.

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More Insights into the Metalworking Fluids Market Report

In its latest report, FMI offers an unbiased analysis of the global metalworking fluids market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of category (straight oil, emulsified oil, semi-synthetic oil, and synthetic oil), product type (removal fluid, protection fluids, forming fluids, and treating fluids) end-use type (metal fabrication, heavy machinery, transportation equipment, and general manufacturing) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Zinc Chloride Market to be worth US$ 426.4 Mn by 2028 | CAGR of 4.8%

The global zinc chloride market is predicted to increase at a CAGR of 4.8% between 2022 and 2028, with a year-on-year (YoY) growth of 4.5% in 2021. By the end of the assessment year, global sales of zinc chloride are expected to reach US$ 426.4 million.

Because of rising demand from end-use applications, FMI expects China to be a prominent market for zinc chloride over the projection period. The region’s Zinc Chloride industry is expected to increase at a 5.5% annual rate. The global Zinc Chloride market is estimated to account for around 13.5% of the global Zinc Chemicals market.

On the basis of grade type, the global zinc chloride market is dominated by the high purity grade segment, which accounts for ~43.6% of the global zinc chloride demand. The segment is estimated register a moderate CAGR over the forecast period and the demand for the segment is mostly driven by the chemical industry. Battery grade zinc chloride is widely used in the manufacturing of dry cell batteries.

Technical grade and commercial grade zinc chloride segments are projected to witness high acceptability and growth rates in the latter half of the forecast period as these grades are used in electronic and other industrial applications. Global sales of zinc chloride is valued at US$ 270.9 Mn by the end of 2018 – witnessing Y-o-Y growth of 4.6% over 2017. China accounts for a value share of ~21.9% of the global zinc chloride market in 2018 end and it is anticipated to register significant demand for zinc chloride from chemical and agriculture industries.

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Zinc chloride or ZnCl2 is a deliquescent salt, which is white in color and forms acidic solutions in polar organic solvents such as ether, acetone, water and ethanol. Zinc chloride is hygroscopic in nature and thus, must be kept away from water vapors and moisture sources. By adding zinc chloride and acetone, a neutral solution of zinc chloride is prepared.

Increasing demand for zinc chloride from chemical and textile industries can be attributed to the growth in usage in these industries. Other than this, zinc chloride also finds a number of other applications in various end-use industries such as in galvanizing, tinning of fluxes and soldering. It can also be used as an odor controller, due to which its demand is increasing in the market. The reaction of sulfide with zinc chloride minimizes the release of H2S gas in waste water treatment facilities, thereby aiding in odor control. Zinc chloride is used in the rubber industry for the vulcanization of rubber. That apart, dissolution of cellulosic fibers in scrap is done with the help of zinc chloride. Zinc chloride is also used for various other applications such as textile finishing, liquid fertilizers, organic synthesis, dry cell batteries and wood preservatives, among others.

However, the global zinc chloride market is projected to face numerous challenges as zinc chloride is toxic in nature and can cause skin & eye burns. Zinc chloride and water, on contact with eyes, can cause permanent damage. Such factors are further expected to hamper the growth of the zinc chloride market.

One of the recent trends observed in the global zinc chloride market includes the use of zinc chloride as a catalyst in the automotive industry.

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Segmentation Analysis

  • On the basis of grade type, the high purity grade segment is projected to remain dominant throughout the forecast period with a share of ~43.6% by the end 2018
  • On the basis of application type, the global zinc chloride market is projected to be dominated by the dry cell batteries segment, which is expected to register a CAGR of 4.5% over the forecast period. However, the catalyst segment is expected to witness a higher growth rate
  • On the basis of end use, the use of zinc chloride in the chemical industry is projected to remain the relatively larger end use segment; however, other applications such agriculture and electronics are expected to expand at relatively moderate growth rates

Regional Analysis

From a regional perspective, China is projected to dominate the global zinc chloride market throughout the forecast period. The region is a production base for a number of global manufacturers and also, exports to Asian and other countries. North America also holds a significant share of ~20% in the global zinc chloride market with the U.S. representing the major market demand. India is projected to be a higher growth country with significant growth opportunities in the latter half of the forecast period. ASEAN, Poland, Brazil and other countries are majorly dependent on the import of zinc chloride from the U.S., China and Europe. Therefore, a number of manufacturers are planning to strategically invest in expanding their sales and production footprint in the region. Latin America and MEA are projected to remain low volume – high growth regions over the forecast period.

Vendor Insights

The report highlights some of the top companies operating in the global zinc chloride market such Zaclon LLC, Flaurea Chemicals, Vijaychem Industries, FInOrIC, American Elements, Pan-Continental Chemical Co., Global Chemical Co. Ltd., TIB Chemicals, S.A. Lipmes, Haihua Industry and Yanggu Zhongtian Zinc Industry Co. Ltd., among others.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Hydrofluoric Acid Market to be worth US$ 2.63 Million by 2032 | CAGR of 3.7%

In 2022, the global hydrofluoric acid market is anticipated to be worth $1.83 billion USD. With increased sales of cookware and cable wire, as well as increased demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs), the entire demand for hydrofluoric acid is expected to expand at a CAGR of 3.7% between 2022 and 2032, totaling roughly US$ 2.63 million by 2032.

A rise in the production level of fluorochemicals in the U.S. and Germany is further favoring the global demand. In the Asia Pacific region, the increasing production of fluorocarbons and the presence of large-scale manufacturers are expected to boost the market growth. The product demand is anticipated to rise in India during the forecast period on the account of the increasing production of aluminum and aluminum products wherein hydrofluoric acid is a key raw material.

The global market is highly fragmented with the presence of numerous players in both developed and developing economies. Key players are focusing on mergers and acquisitions to increase their presence throughout the value chain. The majority of the industry players are focusing on product advancements aiming at the development of new products with eco-friendly characteristics to cater to a broader application market.

The increasing sale of cookware and cable wire is driving the growth of the hydrofluoric acid market. Hydrofluoric acid is used as a raw material in the aluminum fluoride manufacturing and is also used in the manufacturing of aluminum. The application of aluminum in many industries such as industries and automotive is increasing, which will boost the demand for hydrofluoric acid market.

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Key Takeaways from the Market Study

  • From 2017 to 2021, the market demand expanded at a CAGR of 6%
  • By grade, anhydrous hydrofluoric acid to accumulate a market share of 60% in 2022
  • By application, the steel pickling and metal treatment segment dominates the market with a share of 73%
  • North America to emerge as a promising market, capturing nearly 2/5th of global market revenue in 2022
  • Asia Pacific to be an opportunistic market, expected to capture 36.5% revenue
  • Europe to be a significant contributor to the hydrofluoric acid market revenue landscape, accounting for over 30% sales

The growing use of aluminium across end-use sectors like automobile, packaging, and manufacturing, among others are positively influencing the growth of hydrofluoric acid in the global market, remarks an FMI analyst.

Competitive Landscape

Players in the global Hydrofluoric Acid Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In April 2021, EcoGraf announced the acquisition of a contract for a battery anode materials facility for the production of spherical graphite, outside of China with an environmentally safer option to conventional hydrofluoric acid purification processes.
  • In April 2021, Renascor Resources is investigating green finance options for its Siviour Battery Anode Material Project in South Australia, to produce materials for electric vehicle manufacturing facilities through vertical integration strategies.
  • In February 2021, Samsung Electronics revealed the development of a new system aimed to aid in the reuse of high-concentration liquefied hydrogen fluoride cleaning solutions for applications on semiconductor production lines.
  • In 2020, SCHOTT had unveiled applications of hydrofluoric acid for extending the life of temperature resistant, electrochemically stable lithium-ion batteries while preserving their capacity with HF absorbent glass powder to prevent corrosion damage on cells.

Know More about What the Hydrofluoric Acid Market Report Covers

Future Market Insights offers an unbiased analysis of the global Hydrofluoric Acid Market, providing historical data for 2016-2021 and forecast statistics from 2022-2032.

To understand opportunities in the hydrofluoric acid market, the market is segmented on the basis of grade, and application across six major regions.

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Key Segments Covered in the Hydrofluoric Acid Industry Analysis

Hydrofluoric Acid Market by Grade:

  • Anhydrous
  • Aqueous

Hydrofluoric Acid Market by Application:

  • Fluorochemicals
  • Steel Pickling and Metal Treatment
  • Petroleum Catalyst
  • Glass Etching
  • Electronics & Semiconductors
  • Others

Hydrofluoric Acid Market by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Coated Fabrics for Defense Market is Expected To See a growth of 2.9% | Future Market Insights

The improved support by the government of various countries to provide better products to their military has facilitated a moderate revenue growth in the global coated fabrics for defense market, which is expected to reach a valuation of over US$ 5,200 Mn by the end of 2028. A recent forecast by Future Market Insights projects the market to grow at a CAGR of 2.9% during the forecast period.

Recent findings from a month-long deep sea exploration in the South China Sea have shown astounding results pertaining to new materials that can be used to manufacture military and aerospace equipment. The military seeks constant support of such developments to support their critical day-to-day activities. The impact of the recent developments taking place in the sector have impacted the coated fabrics market, as these fabrics are used for different products in the defense industry.

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Thermoplastics to Emerge As a Viable Alternative to Rubber for Reducing Fabric Weight

Different materials are being incorporated in various military products and equipment due to their special properties. Thermoplastics is now being given more preference in the global market over rubber as it is considered lighter and more durable. Thermoplastics is also considered to be more efficient as it possesses other special properties such as chemical resistance, strong environment sustainability and convenience in opening and folding. As a case in point, the U.S Army is working on a lightweight hot weather alternative to the current Army Combat Uniform (ACU), which weighs about 1.4 pounds and has a lot of pocket and multiple layers of fabrics.

Adoption of Electronic Textiles Trending the Global Coated Fabrics for Defense Market

Revolutionary advancements have resulted in the implementation of new technology in many sectors of the global market. This implementation of technology is not just limited to the technical or electronic fields but also to the textile industry. The most evident example of this innovation can be seen in electronic textiles that are widely used by military personnel. This technology integrates miniature electronic components into the textiles used in different military products and equipment. The special features of these textiles such as ballistic protection, embedded sensors, etc. helps military personnel perform their daily operations efficiently. This innovation in military fabric technology is anticipated to boost the growth in demand for lightweight materials, eventually leading to a growth in revenue of the coated fabrics market.

Privatization of the Defense Industry to Introduce New Companies in the Global Market

Privatization of the defense industry will continue to be an important factor impacting the overall growth of the coated fabrics for defense market. Privatization has abolished several barriers to entry of new companies. These new companies will provide the necessary services support and will also lead to a change in the working of the global defense industry. Most of the companies are launching innovative products to sustain in the competitive market of coated fabrics for defense. By introducing new products, a business can target previously untapped markets.

However, stringent emission norms for coated fabrics is expected to limit the growth of the global coated fabrics for defense market. These norms have resulted in plant closures and restructuring of ownerships and some of the companies have also gone bankrupt in the past.

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Market Taxonomy

By Fabric

  • Polyamide/Nylon
  • PVC
  • Teflon
  • Aramid
  • Polyester

By Application

  • Personnel
  • Oriented Object
  • Oriented CF for Military
  • Other Equipment

By Material

  • Thermoplastic
  • Rubber

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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CDU Heat Exchanger Antifoulants Market to Hit US$ 197.6 Mn by 2028 | Future Market Insights

The global CDU Heat Exchanger Antifoulants Market is estimated to grow 2.9% year on year and reach a value of around US$ 165.0 Mn by the end of 2022, with a CAGR of 3.1% between 2022 and 2028.

Global environmental concerns have prompted the adoption of systems and technology that aid in delivering a cleaner environment. Following this, industries around the world are attempting to conform to the policies put in place by governments in order to preserve a competitive edge in the global market.

Antifoulants are one type of chemical that is put to heat exchanger equipment in oil refineries to protect it against corrosion. Corrosion inhibitors are employed in machinery because they give long-term benefits such as minimizing corrosion and enhancing the operational safety of the equipment.

In order to retain their position in the market, companies are fiercely competing against each other. Their awareness regarding the importance of maintaining their machineries and equipment has increased.

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They are also expanding the oil refineries according to the growing application needs and their ability to handle the challenges of the industry. Some of the leading companies operating in the market are BAKER HUGHES, a GE Company, Dorf Ketal, CHIMEC SpA, Croda International Plc, CRISTOL, Eonchemical, Chematek S.p.A., Expert Chem SERV, Innospec, and SUEZ.

Changing Geopolitical Scenario, Coupled with Growing Awareness Regarding the Use of Safe Equipment, Poised to Benefit Market

Globalization, population explosion, and economic changes have not only contributed to the crude oil industry, but have also resulted in a rise in the standards of the oil and gas services. The formulation of fouling deposits can have a number of effects. For instance, it can decrease heat transfer, impede fluid flow, and impair safe operation of equipment. In recent times, people have become vigilant towards the safe operation of equipment, which, in turn, is expected to accelerate growth of the antifoulant market over the forecast period.

Moreover, huge amounts of fuel additives are utilized in the manufacturing of crude oil. These additives act as the backbone of refinery sectors across the globe. Refineries strive for reliability and processing flexibility with minimal fouling and impurities. An antifoulant treatment program is the result of the incentive loss. Burgeoning use of fuel additives for the purpose of oil purity, in turn, is anticipated to boost demand for antifoulants. Spin-off-benefits are acquired with treatment programs, which are more important than sustainable benefits.

Fluctuating Oil Prices to Limit Market Expansion

Feedstock for naphthenic oil and paraffinic oil is processed from base oil, which in turn is a derivative of crude oil. Thereby, the prices of these base oils tend to be unhinged and volatile as they are subject to the uncertainty occurring in the prices of crude oil. This instability shakes the profitability of manufacturers and in turn, may inhibit market growth. The petro specialty market is majorly dependent on import and sudden change in oil prices hampers the regional import trade, thus hindering the growth of crude distillation unit heat exchanger antifoulants market.

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CDU Heat Exchanger Antifoulants Market by Category

By Type, the CDU Heat Exchanger Antifoulants market is segmented as:

  • Dispersants
  • Corrosion Inhibitors
  • Metal Coordinators
  • Polymerization Inhibitors

By Region, the CDU Heat Exchanger Antifoulants market is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • India
  • Japan
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Application Delivery Controllers Market New Technological Development Projecting Massive Growth till 2032

The market for application delivery controllers will be worth US$2,577.5 Million. Organizations are investing in IT infrastructure to manage access and load of expanding applications due to the flexible work schedules of remote workers and increased access to personal devices like laptops, desktops, or mobile devices.

The entire market demand for application delivery controllers is anticipated to reach US$ 13,560.3 Million by 2032, growing at a CAGR of 18.1% between 2022 and 2032. Moreover, ADCs help to enhance the end-user performance, application deployment and also assist in application acceleration by providing security for applications.

Increasing internet traffics coupled with the growing number of applications resulted in rising the demand for maintaining the uninterrupted communication channels among diversified business operations, this has further drives the implementation of ADCs. Therefore, it helps in optimizing the traffic among the networks.

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What is Driving Demand for Application Delivery Controller (ADC)?

Evolving digital infrastructure across the world along with the changing business and working structure, thereby, making modernization a key to success. During the COVID-19 pandemic, the application visibility and management have gained a demand to due increase in the working from their home.

Therefore, this is further predicted to bolster the market growth in upcoming years. Also, rise in the data traffic with an increasing use of the cloud applications has also secured the requirement for content and application delivery systems, supporting the growth of ADCs.

Furthermore, growing number of distributed denial-of-service (DDoS) attacks, disrupting enterprise servers, and overloading the companies totally rely on the ADCs to set limits on requests and traffic hitting an internal server. The above mentioned factors are responsible for the market growth and is further anticipated to drive the market during the forecast period.

Most of the SMEs are relying upon web-based apps and web-enabled services for running the business. Further, these apps are prone to the attacks from intrusions and viruses and DoS attacks. ADCs helps in reducing the risks related to IT security and ensure the compliance with privacy regulations and the data security.

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North America Application Delivery Controller (ADC) Demand Outlook

  • North America is one of the largest markets for Application Delivery Controller (ADC) across the globe. The growth in the region is majorly owing to the well-established IT & telecom sector. Trends such as rise in the adoption of cloud and SDN devices, virtualization, and network security are predicted to positively influence the market growth during the forecast period.

Moreover, North America happens to be the most rapidly changing and competitive market across the globe. Besides, the region is also expected to adopt new technologies at a faster pace as compared to other countries across the globe.

Asia Pacific Demand Outlook for Application Delivery Controller (ADC)

Asia Pacific is the fastest growing region registering the significant CAGR for the Application Delivery Controller (ADC) during the forecast period followed by North America. The major factor responsible for the growth in this region is rise in the internet penetration coupled with technology advancement in the region.

Additionally, several government initiatives, including the Make in India by the government of India and OpenNet by the Chinese government to progress the performance of web applications and services is the supporting factors driving the market growth in this region.

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Who are the Key Manufacturers and Suppliers of Application Delivery Controller (ADC)?

Some of the leading manufacturers of Application Delivery Controller (ADC) market are

  • F5 Networks Inc.
  • CISCO SYSTEMS INC
  • A10 Networks Inc.
  • Array Networks Inc.
  • Brocade Communications Systems Inc.
  • Citrix Systems
  • Dell Inc.
  • Barracuda Networks Inc.
  • Fortinet Inc
  • KEMP Technologies Inc.
  • The key players operating in the market are focused on collaborations, acquisitions, partnerships, and new product launches in order to strengthen their presence and enhance their product portfolio in the market.
  • For instance, in March 2019, F5 Networks, Inc. announced an acquisition with NGINX with a total enterprise value of approximately US$670 million, subject to certain adjustments.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments Covered In The Application Delivery Controllers Industry Analysis

Application Delivery Controllers Market by Deployment type:

  • Application Delivery Controllers Software/Virtual
  • Application Delivery Controllers Hardware

Application Delivery Controllers Market by Enterprise Size:

  • Application Delivery Controllers for Small and Medium Enterprises
  • Application Delivery Controllers for Large Enterprises

Application Delivery Controllers Market by End-user:

  • Application Delivery Controllers in BFSI
  • Application Delivery Controllers in Retail
  • Application Delivery Controllers in Healthcare
  • Application Delivery Controllers in IT and Telecom
  • Application Delivery Controllers in the Government sector
  • Others

Application Delivery Controllers Market by Region:

  • North America Application Delivery Controllers Market
  • Latin America Application Delivery Controllers Market
  • Europe Application Delivery Controllers Market
  • Asia Pacific Application Delivery Controllers Market
  • The Middle East & Africa Application Delivery Controllers Market

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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