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According to latest research conducted on Cetyl Esters market, it is expected to register a CAGR of over 4-5% during the forecast period 2021-2031. The market is being driven by its increasing applications in cosmetics and beauty products & pharmaceuticals where it plays major role.

The market’s growth was impacted significantly due to the unfavourable conditions caused by the global COVID-19 pandemic. However, a steady recovery is expected from the later part of the year 2021 onwards.

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What is Driving Demand for Cetyl Esters?

Cetyl Esters are waxes made up largely of saturated fatty alcohol and saturated fatty acid esters. They are somewhat white to off-white in colour and have aromatic odor.It can be added to emulsions and anhydrous products to give them a lubricious feel and a soft gloss. It’s utilised in creams, lotions, and ointments as a stiffening agent and emollient. It improves the viscosity and stability of cosmetic compositions.

The major demand for this compound comes from the personal care and beauty product sector where it is widely used in the manufacturing of creams, lotions, shampoos & other products. It gives them soft texture and make them lubricious. It helps in improving the texture & feel of the beauty product.

The extensive usage of this material in this segment helps in driving its global demand. Apart from cosmetic products, these esters are also used in pharmaceuticals sector where they are used in ointments and other topical creams.

Demand & Role of Cetyl Esters

Cetyl esters are generally confused with Spermaceti Wax due to its naturalness. Spermaceti Wax was harvested from Whales but when its demand started to increase then the search for the substitute product started.

These esters can be found naturally such as in coconut and palm oil. Cetyl esters are majorly used as a skin conditioning agent in variety of cosmetic product formulations. The role of the compound is to provide soft texture to products such lotions, creams, hair conditioners, shampoos, hair colors and sunscreens.

Cosmetics industry is the major key driving industry for this market. This is one of the fastest growing segments in the consumer goods sector, and as the urban population is increasing hence the demand for the compound is anticipated to grow in coming years.

People of almost all age groups use personal care products in their daily lives and this has resulted in the increased consumption of the products such as skin creams & lotions, which eventually helps in driving the growth of this market. Demand for the compound is further augmented by the pharmaceuticals sector, where it is used in different types of topical products.

Asia Pacific Demand Market Outlook for Cetyl Esters

Asia-Pacific is expected to dominate the market for Cetyl esters during the forecast period. Owing to the rising demand from personal beauty care segment & pharmaceuticals, production of these products has increased significantly in the region, thus boosting demand for these esters.

They are widely used in the manufacturing of cosmetics products, and with growing spending per capita on such products in the region, it is witnessing lucrative growth opportunities. India & China are the countries with significant youth population that helps in driving the market due to high consumption of such products.

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Europe Demand Outlook for Cetyl Esters

Europe is expected to play significant role in the driving the demand for the market. In this region many manufactures are prominently present. The demand is anticipated to come from the cosmetics industries as the life style & living standards of regional population have huge impact on various industries.

Europe region witnesses one of the largest per capita spending on beauty products in the world. Especially some countries such as France & Italy exert worldwide influence on personal care, beauty products & cosmetics sector. Hence these all factors will play significant role in the growth of the market.

Who are the Key Manufacturers and Suppliers of Cetyl Esters?

The Cetyl Esters market is consolidated in nature, with the top players accounting for a major share of the market. Some of the key companies in the market include

• Vantage specialty ingredients
• AQIA
• Jeen International
• Croda
• Protmeen chemicals
• Koster Keunen etc.

Manufacturers are focusing on providing highest quality products to the customers at the optimum possible cost to retain long term relationships. Increasing spending on research & development and close collaboration with customers are some of the key supply side trends witnessed in the market.

Key Segments

By Product Form:

• Wax
• Granule
• Flake

By Source:

• Natural
• Synthetic

By Application:

• Cosmetics
• Cleaning Products
• Pharmaceuticals

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The major factor driving the caustic calcined magnesite market is the growing demand coming from the agricultural, and construction industry. Magnesia is used in the chemical industry to make compounds with high magnesium concentrations, that are used in agriculture as cattle feed additives.

It can be utilised in the construction industry as a magnesia cement compound known as Sorel cement. Rising demand for magnesium oxide in the construction of refractory linings of furnaces in the iron and steel sector as well as for heavy metal filtration in wastewater treatment will drive market growth.

Caustic calcined magnesia is increasingly being used in fertiliser manufacture and other agricultural purposes. The use of caustic calcined magnesia in the waste water treatment process, as well as in the production of aluminum-magnesium alloys for different aerospace and automotive applications will drive market expansion.

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Key Market Segments:

By Product Type:

• Standard (Up to 90% MgO)
• High Purity (Up to 95% MgO & Above)

By Application:

• Abrasives
• Ceramic Tiles, Panels & Boards
• Pulp & Paper
• Hydrometallurgy
• Glass Manufacturing
• Animal Feed & Nutrition
• Fertilizers
• Water Treatment
• Pharmaceuticals
• Others (Flue gas desulphurization, Sugar refining etc.)

By Region:

• North America
  • US
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• East Asia
  • China
  • Japan
  • South Korea
• South Asia Pacific
  • India
  • ASEAN Countries
  • Oceania
  • Rest of South Asia Pacific
• Middle East and Africa
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa
  • Rest of MEA

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According to latest research, the polycide market is projected to expand between 4.0% and 6.0% CAGR during the 2021-2031 assessment period. The growth of the market can be attributed due to the steady increase in demand from pharmaceutical sector across the globe.

It has various application in pharma as well as food industry. Increase in the usage of disinfectant cleaner in food industry is going to boost the demand of polycide across the globe. The growing demand for improved properties and quality is expected to provide growth opportunities for the products market.

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What is Driving Demand for Polycide Market?

Major factors driving the market are the growing demand from the food and beverage industries as this compound is a green, clear liquid dual acting disinfectant cleaner. It is used to clean and disinfect hard surfaces and other surfaces. This multipurpose disinfectant is odorless and is safe to use on food contact surfaces.

High economic growth and increase in population are expected to drive this food and beverage industries, thereby propelling the demand for polycide in cleaning and disinfectant applications.

It also has biocidal property which is very useful in preventing the undesired growth of fungi, algae, and bacteria in various process industries such as baking, breweries, food processing distilleries, confectionery and distilleries. It is also used in the preservation of industrial products, such as paper, textile, leather and paint.

Thus rise in the demand of industries is going to increase the demand of polycide. Growth in demand for water treatment and general sanitation in industries is a major factor estimated to drive the market in the near future.

Pharmaceutical industry is becoming a key segment for the Consumption of Polycide Market

Increasing demand from the pharmaceutical industries is one of the major factors driving the world’s polycide market. As this compound when converted to liquid form acts as a medicine  that  is used for common preservatives in eardrops, nasal drops , eye drops, antiseptic, mouth ulcers, gum irritation, abrasions and for the preservation of pharmaceutical products and other condition.

The demand of advanced pharmaceutical products has been increasing rapidly around the globe, which in turn has led to increased consumption of pharmaceutical ingredients and raw material. Thus this pharmaceutical industry is acting as one of the key usage industry for the product.

Asia Pacific Polycide Market outlook

APAC is estimated to be the largest market for polycide in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy.

The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector.

China, Japan and India are leading the market demand in the Asia Pacific with the increasing growth of the regional pharmaceutical industry as it acts as a preservative for pharmaceutical products. After the COVID -19 pandemic, the demand for the products made for hygiene and disinfection is increasing rapidly in which this compound plays a very important role.

The region is expected to continue to remain the fastest growing market globally, attributing to the accelerating emergence of local stakeholders in the pharmaceutical industries.

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North America Demand Outlook for Polycide Market outlook

North America is also expected to witness significant market growth of this compound on account of rising production in food and beverage industries over the forecast period.

Also, North America is the largest pharmaceutical market in the world, driven by the U.S., and the demand of this product will hence witness significant growth in the region on account of this factor. Stringent regulations pertaining to food packaging and production are projected to further stimulate demand.

Who are the Key Manufacturers and Suppliers of Polycide?

Some of the leading manufacturers and suppliers include

• Shanghai hipoly Bio tech co ltd (China)
• Dynachem specialty chemical solutions (South Africa)
• Purestreak chemicals (China)
• Langfang  BLD trade and co(China)
• shanghai jiangqing international co.ltd (China)
• Weifang Maochen Chemical Co.
• Ltd(China)
• Valtris specialty chemicals(USA).

Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decarbonize their supply chains. Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.

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

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Key Segments

By Product Form:

• Liquid
• Solid

By Application:

• Pharmaceutical
• Food and Beverages
• Domestic Cleaning
• Industrial & Institutional Cleaning
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East and Africa

About Us

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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According to latest research conducted on Oxo alcohols market, it is expected to register a CAGR of over 4-5% during the forecast period 2021-2031. Major factors driving the market are increasing demand from the paints & coating sector as it is majorly used as solvent in making paints & coatings, adhesives, lubricant additives and chemicals manufacturing. However, high product cost and unfavourable conditions arising due to the COVID-19 outbreak are the major factors may hinder the growth of the market.

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What is Driving Demand for Oxo Alcohols?:

Oxo alcohols are chemicals produced by the reaction of olefins with syngas within the nearness of a rhodium catalyst. Oxo alcohols have a applications in a number of end use sectors. They serve as chemical intermediates, solvents and are utilized in paints, coatings, cements, etc.

Oxo alcohols act as pivotal crude materials for the fabricating of plasticizers, acetic acid derivations and ethers, which are a few of the imperative feedstocks for the chemical and fabricating companies.  As these are used in variety of segments which are part of daily life, so that the market will continue the growth and above factors will drive the market.

Demand & Role of Oxo Alcohols::

A few key factors such as increasing industrialisation, in conjunction with the improvement of the chemical and polymer industry are impacting the worldwide demand for Oxo alcohols. Surging demand for plasticizers is one of the noteworthy variables driving the development of the market. Plasticizers upgrade compound handling characteristics, as well as make end-use items adaptable. Acetic acid derivations have broad applications across multiple end use areas.

Regularly, acetic acid derivations are utilized in paints, coatings, and a few ink strategies. Increasing demand from the acrylate is also one of the major factors behind the market growth however more research and developments are being conducted by manufactures to launch more efficient products in market. Moreover, the high cost of raw material and Covid-19 situation may restrain the growth of market for short time duration.

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Asia Pacific Demand Market Outlook for Oxo Alcohols::

Asia pacific region is the growing and prominent region and is a key hub of many end use industries which uses these alcohols. Growing countries like India, China, Japan and South Korea contribute major part in the production.

China is anticipated to be the largest consumer in Asia region and will continue to dominate the market in coming years. As these alcohols are being used in various industries like plasticizers, paints & coatings, adhesives so do the market is growing in region as these countries are leading in consumption as well as manufacturing process.

Europe Demand Outlook for Oxo Alcohols::

This region has witnessed the steady growth for this market over the period as the consumption and production is increasing in the region. End use industries are witnessing the increasing demand for this alcohol. Key country markets driving demand for Oxo Alcohols in Europe include Germany, UK and France.

The paints and coatings, adhesives as well as industrial chemicals sectors are the key segments that are propelling the demand of Oxo Alcohols in the region. Although the pandemic situation has impacted domestic economies across various countries of the region on a significant level, the recovery is expected to be rather quick compared to other regions of the world.

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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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The global sodium silicate market is set to grow at a steady CAGR of 3% during the forecast period, as projected by a new report of Future Market Insights (FMI). The growth is primarily fueled by the sodium silicate’s eco-friendly and non-toxic nature, which makes it ideal for numerous industrial applications such as detergents, adhesives, and coating, and deflocculated, among the wide range of industrial applications.

Sodium Silicate Market: Key Findings

• Silica manufacturing will remain a major application and will significantly contribute to the market share, backed by surging demand for quartz, and precipitated silica.
• Applications in detergents, pulp & paper, elastomers, food, and healthcare are propelling the demand for sodium silicate.
• Asia Pacific will outpace other regions, and will account for more than half of global share, owing to increasing infrastructural development, which is propelling the demand for sodium silicate.
• North America and Europe will collectively account for more than 1/5^th of market share.
• Developed economies such as the U.S. and U.K. are expected to provide lucrative opportunities to sodium silicate manufacturers.

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Sodium Silicate Market: Key Driving Factors

• Rising environmental concerns are pushing manufacturers in paper and pulp manufacturers to adopt eco-friendly raw materials, thereby propelling the sodium silicate market on the back of the material’s nature.
• Water treatment and soil stabilization applications are increasingly employing sodium silicate as a cleaning agent and pH stabilizer, thus boosting the market.

Sodium Silicate Market: Key Restraint

• The high cost of raw materials is likely to reduce the profit margins of the market players, thus impacting the overall growth.

Competition Landscape of Sodium Silicate Market

Some of the key players in the global sodium silicate landscape that are covered in this study include, but are not limited to, American Elements, J.M. Huber Corporation, MALPRO SILICA PRIVATE LIMITED, PPG Industries, Qingdao Dongyue Sodium Silicate Co Ltd, Zaclon, Shijiazhuang Shuanglian Chemical Industry, Tokuyama Corporation, BASF SE, Nippon Chemical Industrial, Evonik Industries AG, and IQE Group., among others. Market players are focusing on expanding to developing markets and research & development activities to develop innovative applications to cater to untapped industries such as welding, cement, agriculture, and food.

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Sodium Silicate Market: Segmentation

The global sodium silicate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Application

• Silica Manufacturing
• Detergents
• Catalysts
• Pulp & paper
• Elastomers
• Food & healthcare
• Others (coating, agriculture, etc.)

By Region

• North America
• Latin America
• Europe
• MEA
• Asia Pacific

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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 9-years.

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Increasing use of transportation fuel is likely to have a direct impact on the demand for refinery catalyst, according to a recent report published by Future Market Insights (FMI).

Due to their greater water resistance compared to packaging materials, paraffin wax market share is also anticipated to increase significantly during the projection period. In an effort to promote the expansion of the paraffin wax market, makers of paraffin wax are constantly expanding their base oil facilities.

The paraffin wax market is expected to see a substantial CAGR of 5.7%, and is projected to increase from US$ 9.2 billion in 2021 to US$ 15.98 billion by 2032.

The paraffin wax market share is also supported by rising shale oil production and exploration in the United States, Russia, China, and Brazil. As people become more aware of the importance of the environment, the market for paraffin wax is expected to grow, along with the demand for aromatherapy.

Top international corporations use paraffin wax as a thermal insulator and for aesthetic purposes in packaging.

It is projected that the increased use of environmentally acceptable substitutes including polyethylene wax, soy wax, and beeswax provide difficulties for the paraffin wax market expansion. In addition, hazardous vapors are produced when burning paraffin wax. Asthma or lung cancer could result from it.

Since paraffin wax is used to coat pills, the pharmaceutical industry has a significant demand for it. The market share of paraffin wax is growing due to its numerous applications in household cleaning products and for insulating electrical nodes and appliances.

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Key Takeaways from Market Study

• The paraffin wax market is expected to have a CAGR of 5.7% during the forecast period.
• The paraffin wax market is having a market valuation of US$ 9.6 billion in 2022.
• The paraffin wax market had a market valuation of US$ 9.1 billion in 2021.
• The market is segmented based on product type, wherein the semi-refined accounted for an adequate global paraffin wax market share by 2032.
• The market is segmented based on application, wherein the candles segment accounted for a significant paraffin wax market share by 2032.
• The Asia-Pacific paraffin wax market is anticipated to lead at the fastest rate during the forecast period.
• The North America paraffin wax market is expected to grow significantly, with a prodigious market share during the forecast period.

Competitive Landscape:

The paraffin wax market offers several opportunities for small enterprises and startups to create low-cost manufacturing and processing processes. As there are so many important players in the sector, the expansion of the global paraffin wax market is highly fragmented and diverse in its structure. The paraffin wax industry relies heavily on mergers and acquisitions.

Some of the major key players in the paraffin wax market are Sinopec, ExxonMobil, PetroChina Company Limited, Sasol, International Group, Inc., IOCL, Honeywell, Petrobras, Nippon Seiro Co., Ltd, Petro-Canada, Repsol, H&R Group, and CEPSA.

Recent Developments: Mergers, Acquisition and Collaboration

• ExxonMobil offers completely refined paraffin waxes with low, mid, and high melting points under the ParvanTM brand. They are utilized in a variety of products, including candles, paper conversion, adhesives, wax mixes and emulsions, PVC extrusion lubricants, and cosmetic formulations.
• To fulfill the rising demand for waxes used in candles, emulsions, and hot melt adhesives, ExxonMobil announced plans to expand its Group II and Group II base oil production facilities in Baytown, Texas, in the United States, in February 2013.

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Key segments

By Product Type:

• Fully Refined
• Semi Refined
• Others

By Application:

• Candles
• Packaging
• Cosmetics
• Hotmelts
• Board Sizing
• Rubber

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Type Innovation / Development Trends

4. Key Success Factors

to be continued…!

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According to Future Market Insights (FMI), the value of the dolomite market would exceed US$ 3,417 million in 2022. Growing demand from the construction, agrochemicals, mining & metallurgy, pharmaceutical & healthcare, and glass & ceramics industries is expected to propel the dolomite business. The market is anticipated to grow at a 4.4% CAGR during the years 2022 and 2032 of the assessment.

Rapid development of the building and construction sector in emerging countries, especially in Asia Pacific and the Middle East & Africa is propelling sales of dolomite. Increase in the production of agrochemicals and cement is expected to bolster the consumption rate of dolomite.