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The Spray polyurethane foam is an insulator that is sprayed on the interior parts of a building (e.g., walls, roofs, and floors); it acts as an air barrier that prevents thermal leaks. Spray polyurethane foam is produced by two liquid components, polyol blend and MDI, which are mixed under pressure and sprayed onto a wall cavity or roof.

Usage of spray polyurethane foam reduces the overall maintenance cost, extends the life span of a building and allows flexibility of building design. The spray polyurethane foam comes in two forms: open cell foam and closed cell foam. Among these, open cell foam also known as half-pound or low density foam is expected to gain traction in the coming years, owing to its wide application in building interiors.

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Spray Polyurethane Foam Market: Dynamics

Drivers:

The growth in the construction industry both in developed and developing economies is projected to be the prime factor driving the growth of the spray polyurethane foam market over the forecast period. Moreover, increasing anxieties pertaining to greenhouse emission with also give traction to the growth of the spray polyurethane foam market in the coming decade.

According to the Environmental Protection Agency (EPA), around 10–12% of the overall greenhouse gas emission is caused owing to burning of fossil fuel for generation of energy. That apart, increasing government initiatives to develop public infrastructure is expected to drive the growth of the construction industry and ultimately surge the demand for spray polyurethane foam in the future.

Restraints:

The prices of raw materials of spray polyurethane foam are highly volatile. This is projected to act as a major factor expected to hamper the growth of the spray polyurethane foam market over the forecast period. Moreover, occupational health hazards is also expected to restrain the growth of the spray polyurethane foam market in the coming years.

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Trends:

A major trend predicted five years down the line includes market leaders (Tier – I players) of spray polyurethane foam are focused on acquiring Tier – III players to expand presence across the globe. Additionally, this will benefit them to increase market share in the global spray polyurethane foam market.

Spray Polyurethane Foam Market: Regional Outlook

The growth of the global spray polyurethane foam market is reliant on the growth of end-use segments across geographies. Increased infrastructure spending across emerging economies such as India and China is projected to drive the growth of the construction industry in Asia Pacific.

Thus, Asia Pacific is expected to witness high growth in the global spray polyurethane foam market over the forecast period. Some of the countries in Latin America are expected to experience growth in their economies, which consequently will push the growth of the construction industry as well as the spray polyurethane foam market.

The Western Europe market is expected to grow at a substantial CAGR during the forecast period, owing to surge in the demand for spray polyurethane foam in the developing industrial sectors. The Middle East & Africa (MEA) is projected to grow at a significant CAGR during the forecast period, due to increasing construction spending in the region.

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Spray Polyurethane Foam Market: Key Participants

Example of some of the key players identified across the value chain of global spray polyurethane foam market include:

• BASF SE
• Bayer Material Science
• CertainTeed Corporation
• CUFCA
• DowDuPont Inc.
• Huntsman International LLC
• Icynene Inc.
• Lapolla Industries
• NCFI Polyurethanes
• Premium Spray Products
• Rhino Linings Corporation
• Specialty Products Inc.

The research report presents a comprehensive assessment of the 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 research report provides analysis and information according to market segments such as geography, application, sales channel, and end user.

Spray Polyurethane Foam Market: Segmentation

The global spray polyurethane foam market can be segmented on the basis of type, application and end user.

On the basis of type, the global spray polyurethane foam market is segmented as:

• Open Cell Spray Polyurethane foam (ocSPF)
• Closed Cell Spray Polyurethane foam (ccSPF)

On the basis of application, the global spray polyurethane foam market is segmented as:

• Floors
• Walls
• Roofs
• Ceilings
• Attics

On the basis of end user, the global spray polyurethane foam market is segmented as:

• Residential
• Commercial
• Industrial

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The global pharmaceuticals market is expected to increase at a CAGR of over 4-5% during forecast period. 2-Methylfuran is expected to gain traction in the near future as it is primarily used in pharmaceuticals industry. It is a light yellowish green volatile organic compound with an ethereal odor and is also known as sylvan.

2-Methylfuran changes its shading to black or yellow when exposed to sunlight. It is highly flammable and hence is stored in a ventilated, cool dry place far from heat & fire.

2-Methylfuran is widely used in manufacturing of drugs like atropine, sodium acetate, furadantine, anisodamine and thiamine furan. In pharmaceuticals industry, synthesis of vitamin B1 is done using 2-Methylfuran. It is less dense than water but its vapors are heavier when contrastedwith air.

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2-Methylfuran also finds application as a tool for screening of lung cancer and production of anti-malarial drug like chloroquine. It is also used to produce methyl furfural, aliphatic compounds and sulfur and nitrogen heterocycles.

Moreover, 2-Methylfuran is also used for making pesticides, flavors or fragrances and has narcotic effect.  Hence, the global 2-Methylfuran market is expected to grow at a moderate CAGR during the forecast period.

Global 2-Methylfuran Market Dynamics

2-Methyl furan is soluble in alcohol and ether and has the potential to be used as an alternative fuel. This factor is expected to drive the demand for 2-Methylfuran in chemical industry.

The growing pharmaceutical industry is also anticipated to be the major driving factor for the growth of global 2-Methylfuran market. Moreover, increasing demand for pesticides coupled with growing agricultural sector is expected to set an opportunity for the growth of 2-Methyl furan market.

One of the major factor restricting the growth of the global 2-Methylfuran market is its high flammability and lower flash point. This makes the transportation of 2-Methylfuran difficult, which in turn is expected to restrain the growth of 2-methylfuran market in the near future.

Moreover, environmental regulation are imposed for limited usage of 2-Methylfuran because of its toxic effects and thus expected to challenge the overall growth of the market. Additionally, the key players are responding to the challenges and are expanding their global presence in order to sustain their share in the global 2-Methylfuran market.

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Global 2-Methylfuran Market: Region wise Outlook

North America is expected to be the most dominant region in global 2-Methylfuran market. Asia Pacific is anticipated to be the most promising revenue generating region for 2-Methylfuran and is expected to grow at significant rate.

Due to availability of labor and low cost of raw material, China is projected to be one of the highest revenue generating country in Asia Pacific region in 2-Methylfuran market. Middle East & Africa and Latin America are also expected to show positive growth in the near future.

Global 2-Methylfuran Market: Key Players

Some of the major key players identified in the global 2-Methylfuran market are as follows:

• Capot Chemical Co. Ltd.
• Angene Chemical
• A&J Pharmtech Co. Ltd.
• Sigma-Aldrich
• Finetech Industry Ltd.
• ChemExper Inc.
• MP Biomedicals, LLC.
• Amadis Chemical Co. Ltd.
• AN PharmaTech Co. Ltd.
• Tractus Company Ltd.
• Haihang Industry Co. Ltd.

The research report presents a comprehensive assessment of the 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 research report provides analysis and information according to market segments such as geography, technology and applications.

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2 Methylfuran Market

The global 2-Methylfuran market can be segmented on the basis of applications and regions

On the basis of applications, the global 2-Methylfuran market is segmented into

• pharmaceuticals
• agricultural
• chemical industry

On the basis of regions, the global 2-Methylfuran market can be segmented into

• North America
• Western Europe
• Middle East and Africa
• Latin America
• Asia Pacific
• Japan
• Eastern Europe

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The market for industrial lubricants is projected to reach US$ 21,832 million in 2022 and grow at a CAGR of 4.4% to US$ 33,582 million by 2032. The rise in IoT-based application utilisation is credited with growth. A 3.1% CAGR was recorded for the industrial lubricants market from 2016 to 2021.

The global industrial lubricants market is primarily driven by increasing adoption of complex machinery and tools in various industries. Industrials in the manufacturing sector are constantly in a hunt to boost their output efficiency by enhancing productivity and minimizing downtime, sustaining the revenue pool of market players.

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Rising stringency in regulatory framework is influencing market players to shift towards bio-based industrial lubricants that, apart from environmental benefits, offer better lubrication and viscosity.

Manufacturers are turning to sustainability measures such as reuse and recycling of industrial lubricants. Moreover, lubricant manufacturers are offering onsite and offsite recycling equipment and services to their end users.

Global Industrial Lubricants Market – Growth Drivers

Construction sector is the leading consumer of industrial lubricants. The growing infrastructural development in emerging economies is anticipated to fuel the industrial lubricants sales.

Hydraulic fluid is the main product type used in the construction industry in lubrication of heavy load equipment, as it relative cheaper compared to other lubricants.

Moving ahead, the automobile industry is also offering potential revenue prospects for industrial lubricant manufacturers. Umpteen benefits of industrial lubricants such as high durability, corrosion protection and high electrical resistance is boosting their usage in the automotive sector.

Several end-use industries such as the food processing industry are gradually Involving advanced technologies including,  artificial intelligence (AI), and automation, imply greater indulgence of machines, thus, auguring well for industrial lubricants market.

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Global Industrial Lubricants Market – Growth Restraints

Synthetic lubricants are major threat to environment, as such governments in various countries are imposing bans against their usage. Majority of industrial lubricants are byproducts of petrochemicals, disposal of which leads to water pollution. Moreover, decline in automotive production in countries such as the US, and China are likely to affect the demand growth of industrial lubricants in the near future.

Impact of COVID-19 on Global Industrial Lubricants Market

The COVID-19 pandemic has taken a toll on  global economy, bringing it back to single-digit growth. The global stock market is continuously falling. All countries have shifted their resources towards healthcare sector and for R&D of vaccines for treating COVID-19. Government-imposed nationwide lockdowns have curtailed the production and shutdown (in worst cases) of manufacturing units in severely affected countries.

Less usage of machinery is resulting in reduced demand for industrial lubricants from myriads of end-use sectors. Subsequent downfall in construction industries across various nations, are further adding fuel to the fire.

Until the situation improvises, infrastructural development from private and government sectors will remain at a halt in near future.

Global Industrial Lubricants Market – Regional Analysis

Asia Pacific (APAC) continues to hold leading share in industrial lubricants market, owing to well-established construction and automobile industries in China, Japan, and India. Further, surging manufacturing output and increasing industrialization in these are offering conducive breeding grounds for market players.

North America is also reflecting value-creation opportunities to industrial lubricant manufacturers, owing to expanding oil and gas industry in this region.

The US alone houses about 9,000 independent oil and gas power plants. Demand for industrial lubricants is increasing in drilling and exploration activities in the regional oil & gas industry.

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 Global Industrial Lubricants Market – Competitive Landscape

The global industrial lubricant market is fragmented in nature. Companies are highly investing upon R&D activities to shape competitive landscape.

• ExxonMobil Corp has launched FuelCell carbon capture technology that has capacity to lower emission from exhaust streams, power plants, refineries and chemical plants.
• Fuchs Group has launched RENOCLEAN AIR series to control dust production in the mining sector.

Global Industrial Lubricants Market – Segmentation

The global industrial lubricants market is segmented on the basis of following

By Base Oil

• Mineral Oil
• Synthetic Oil
• Bio-based Oil

By Product type

• Hydraulic fluid
• Metalworking fluid
• Gear Oil
• Compressor Oil
• Grease
• Turbine Oil
• Others
• Transformer Oil
• Refrigeration Oil
• Textile Machinery Lubricants

By End-use Industry

• Construction
• Metal & Mining
• Cement Production
• Power Generation
• Automotive (Vehicle Manufacturing)
• Chemical
• Oil & Gas
• Textile
• Food Processing
• Others
• Agriculture
• Pulp & Paper
• Marine (Deck Manufacturing)

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The Asia-Pacific Biocomposite market would be worth US $27,817.3 Mn. Global market demand is being driven by growing industrialization, the building industry, rising demand for consumer goods, transportation, and automotive sector items.

The Asia-Pacific Bio Composites market is anticipated to grow at a CAGR of 13.4% during the forecast period, with a market value of US$ 8,603.5 Mn in 2022, according to FMI.

Bio composites or green composites are formed by a biopolymer matrix and reinforcement of natural fibres. Someare degradable materials, but this is rare. Increasing concerns for the environment is a major driver of the bio composite market.

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Need for green composites is driven by depleting natural resources like crude oil (crude oil is a major component of non-bio composites), focus on reducing environmental pollution levels and utilization of agricultural waste. Natural fibres used in bio composites include natural fibres like Jute,wood flour, sugarcane bagasse, oil palm fibre,rice husk etc.

Natural fibre reinforced polypropylene (PP) composites have gained popularity for commercial use in the automotive industry. The advantages of natural fibres over manmade glass fibre include reduced cost, low density, distinct mechanical properties, less energy consumption etc.

Automakers are currently shifting towards bio composites as natural fibres like hempare tougher than steel and is also cost-effective in terms of production. Bio composites are also used in the construction and marine sectors as it is easily mouldable and rigid in nature.

Asia-Pacific is also estimated to be the largest automotive composite market with total share of around 43% globally. Asia-Pacific is turning into a hub for bio composite manufactures and is expected to report a high demand for bio composites over the coming years.

Commercial and residential construction industry in APAC is flourishing and bio composite is preffered for manufacturing are used industry is assured to play a major role in it due to increasing environmental concerns, stringent government regulations and as a social responsibility.

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The key players in the market are divided into two groups which are bio composite manufacturers and bio composite suppliers. The main producers of natural fibre composites in the market are Flexform Technologies, Technaro GmbH, Procotex S.A. Corporation NV and Greengran B.V. The prominent suppliersof natural fibre composites are Stemergy, Bast Fibers, LLC and Crailar.

Many companies offering bio composites are aggressively trying to enhance their product portfolio to meet customer requirements and explore untapped markets. The bio composite market in APAC is highly fragmented and existing players try to develop partnership agreements amongst themselves and with smaller companies.

After a decade of extraordinary developments with regard to artificial fibres, bio composites have garnered high interest from the automotive sector, especially for interior and exteriors of automobiles. Social concerns, depleting carbon resources and ecological regulations have initiated the search for new products and processes that are environment friendly.

The combination of natural fibres and composites can reduce dependence on petroleum-based composite material. Bio composites could ultimately replace petroleum-based composite material in various applications areas such as automotive and construction. This could also offer new manufacturing and environmental benefits.

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Increasing use of bio composites can help maintain CO2 balance in Earth’s atmosphere. Awareness with regard to the environment and new government regulations like CAFÉ (Corporate Average Fuel Economy), new national and state emission standards will catalyze increased research for eco-friendly products in the application industry.

As bio composites are produced from renewable sources such as wood pulp, jute fibers, cellulose fiber etc., it is imperative that the cost of raw materials will be stable in coming years. In addition to this high volume production of bio composites will also minimize the production cost, thus market prices of bio composites.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. The report provides analysis and information by categories such as market applications and region. It covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• Greater China
• India
• ASEAN
• Australia & New Zealand
• Others

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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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 recycled scrap metal market is anticipated to expand at a steady 5.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. Growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

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Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

As per FMI, the East Asia region is anticipated to be a key consumer of recycled scrap metals owing to strong production of iron and steel, especially in China. Backed by the aforementioned factors, the global recycled scrap metal market is projected to top US$ 98.5 Bn by 2031.

Key Takeaways:

• By metal type, demand for ferrous metals is expected to surge at a 5.4% CAGR over the forecast period.
• The post-consumer recycled scrap metal segment is projected to hold approximately 85% of the total market share in 2021.
• Applications of recycled scrap metals in the equipment and tools segment are anticipated to grow at a 4.6% CAGR through 2031.
• Sales of recycled scrap metals in the U.S. are anticipated to increase by 4.9% year-over-year in 2021.
• Russia will emerge as an attractive recycled scrap metals market, with sales growing at a 4.4% CAGR in 2021.
• China is expected to account for over 80% of the East Asia recycled scrap metals market share in 2021.
• Japan and South Korea will collectively account for 9.9% of the total recycled scrap metals market share through 2031.

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Competitive Landscape         

Key market participants in the global recycled scrap metal market elaborated in the report includes ArcelorMittal, Aurubis AG, China Baowu Group, HBIS Group, Sims Metal Management Ltd., HKS Metals, Nucor Corporation, AMG Resources Corporation, Celsa Group, EMR Group, CRONIMET Holding GmbH, GLE Scrap Metal, Tucson Iron and Metal, ELG Haniel GmbH, Atlantic Recycling Group, LLC, Baroni Scrap Metal LLC, Kuusakoski Group Oy, IMR Innovative Metal Recycling GmbH, Romukeskus Oy, Commercial Metals Co (CMC), MetalCirc Oy, GMH Recycling GmbH, Eco-Bat Technologies Ltd., and Evraz plc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

• In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

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More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal 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 metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) 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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Future Market Insights’ (FMI’s) recent study uncovers hidden growth opportunities in the global potassium carbonate market. It offers in-depth insights into factors enabling expansion across various segments in terms of product form, and end use.

As per a study published by FMI, the global potassium carbonate market is poised to reach US$ 1.9 billion in 2021. Surging demand from industries such as consumer goods, agrochemical, and homecare is estimated to boost potassium carbonate demand. On account of this, the market is anticipated to surpass US$ 2.9 billion by the end of 2031.

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Historically, the sales grew at a CAGR of 2% in the last few years due to the outbreak of the COVID-19. Growing usage of potassium carbonate in the production of personal care products, water treatment, and fire suppression products is fuelling the demand in the market. Driven by this, the sales of potassium carbonate are projected to expand at a CAGR of 4.4% during the forecast period 2021-2031.

Potassium carbonate is extensively used as a flux in the manufacturing of glass as it increases the transparency, resistance, and refractive coefficient of glass to provide excellent clarity. Increasing demand for glass products such windows across building & construction and automotive industries is expected to create lucrative growth opportunities for the market.

As per FMI, North America is expected to dominate the global market, growing at a CAGR of 4% through 2031. Rising sales of packaged food & beverage products such as chocolates, bakery products, and dried fruit in U.S. and Canada are driving the sales of potassium carbonate in the region.

“Rising application of potassium carbonate in the agrochemical industry, coupled with the government initiatives implemented to boost agricultural production, is expected to augment the growth of the market,” says the FMI analyst.

Key Takeaways from Potassium Carbonate Market Study

• Favored by the surging demand from the chemical industry in the U.S., the sales in the country are expected to rise at 3.8% year-on-year (YoY) in 2021.

• The market in India is estimated to witness a swift growth, exhibiting 5% YoY in 2021.

• China is projected to emerge as the fastest growing market in East Asia, expanding at a CAGR of 5.1% over the assessment period.

• South Korea and Japan are forecast to account for nearly 13.2% and 17.6% of the global revenue share, respectively, by the end of the coming decade.

• In terms of form, powder form of potassium carbonate is anticipated to register increasing demand, exhibiting 4.2% YoY growth in 2021.

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Competitive Landscape

The top manufacturers in the global potassium carbonate market are Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products. These companies are projected to account for nearly 58% of the total sales, as per FMI.

Leading players are increasingly investing in expanding their production capacity to meet the demand from various industries. Some of the players are aiming at strategic collaboration, joint venture, mergers and acquisitions to increasing their market share. For instance,

• In July 2021, Vynova, a leading Chlor-alkali and Polyvinyl chloride (PVC) manufacturer based in Belgium, announced to set a new manufacturing facility in Belgium to expand its production capacity and strengthen its footprint in Europe market.

Some of the key players operating in the market profiled by FMI are:

• Evonik Industries AG
• UNID GLOBAL Corporation
• Oxy (Occidental Petroleum Corporation)
• Gujarat Alkalies and Chemicals Limited
• Vynova Group
• AGC Chemicals
• JSC Pikalevskaya Soda
• Esseco Group
• Shanghai Wentong Chemicals Co., Ltd.
• Foodchem International Corporation
• Shanxi Guangyuan Fertilizer Co., Ltd.
• Armand products
• Zhejiang Dayang
• Zhejiang Juhua Co., Ltd.
• Hebei Xinjichemical

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More Valuable Insights on Potassium Carbonate Market

By Product Form:
• Granules
• Powder

By End Use:
• Soaps, Detergents & Cleaning Products
• Agrochemicals
• Food & Beverage Processing
• Personal Care Products
• Glass
• Dyes & Inks
• Fire Suppression Products
• Water Treatment
• Others

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• 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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According to Future Market Insights (FMI), biocides market is expected to witness growth at 3.5% CAGR between 2021 and 2031. Growing demand for biocides from various industries such as, water treatment, paints & coatings, wood preservatives, oil & gas, cleaning chemicals, agrochemicals, paper & pulp and others is expected to bolster the sales over the assessment period.

Increasing consumption of preservatives across various industries also is expected to result in the growth of biocides consumption. As per the report, biocide application as preservatives is expected to increase in various industries including food & beverages, paper and pulp, cosmetics & personal care, wood, and others.

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Besides this, the use of biocides in surface cleaning of various industries such as food and beverages, pharmaceuticals, and paints & coatings will rise in the coming years. Unlike other markets, the unprecedented outbreak of COVID-19 had a neutral effect on the sales of biocides. While the manufacturing activities witnessed a slight setback, demand for disinfectants surged exponentially during the FQ-20, aiding the market growth

As per FMI, demand for biocides increased by 3.50% between 2020 and 2021, with sales expected to reach US$ 8.3 Bn in 2021.

Key Takeaways from Biocides Market Study

• Global market for biocides is projected to reach a value of US$ 11.74 Bn by the end of the forecast period.
• China is estimated to remain a key market for biocides, with East Asia accounting for 32% of the global volume share.
• Surging application of biocides in water treatment segment will boost the sales. Sales in this category will total US$ 3.8 Bn by 2031.
• By type, the halogen compounds segment is projected to grow at a steady rate in the coming years, especially in South Asia Pacific and East Asia markets.
• Industrial grade biocides are estimated to remain top-selling grade. The segment is expected to register year-on-year growth of 4.0% in East Asia.

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Biocides Market: Participant Insights                                                                   

Key participants in the global biocides market elaborated in the report includes Clariant AG, Lonza Group, ICL Group, BASF SE, DOW, Veolia, Troy Corporation, Nouryon, Kemira Oyj, Ecolab USA Inc., Albemarle Corporation, Solvay SA, Lanxess AG, Buckman Laboratories International, Melzer Chemicals Private Limited, Dalian Xingyuan Chemistry Co., Ltd., Aegis Chemical Solutions, B&V Chemicals, Helvemed SA, Thor Group, SIDDHARTH CHEMICALS, Solenis, Zaozhuang Kerui Chemicals Co., Ltd. and Shandong IRO Biocide Chemicals Co., Ltd.

Key players are focusing on strategic expansions through collaborations, mergers and acquisitions with other market participants to increase their annual turnover. Market players are also investing a fair share of their revenue in product development and process intensification to sustain their position in the industry.

Biocides Market by Category

By Grade:

• Food Grade
• Pharmaceutical Grade
• Industrial/ Technical Grade

By Type:

• Halogen Compounds
• Metallic Compounds
• Organic Acids
• Organo-sulfurs
• Nitrogen
• Phenolic

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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.

Contact:

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According to latest market study by Future Market Insights (FMI), the shipment of organic fertilizers across North America will reach 4,327.5 KT by 2021-end. Demand for organic fertilizers is set to increase considerably, reaching US$ 3.17 Bn  due to growing awareness about health benefits of eco-friendly products and rising demand for organic food products.

Surging awareness about adverse effects of synthetic chemicals present in pesticides, insecticides, and fertilizers on human health and environment is propelling the demand for organic products. This is expected to increase the demand for organic farming in North America, spurring sales of organic fertilizers at 5.8% CAGR in terms of volume.

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Also, the market in North America is expected to witness remarkable growth due to the growing focus on sustainability among consumers, especially in the U.S. Various stringent regulations imposed by regional governments and environmental regulatory bodies to encourage the production of organic food products are expected to increase the adoption of organic fertilizers over the forecast period.

Organic cultivation has numerous benefits both in terms of soil quality and human health. However, there are numerous challenges faced while using organic fertilizers. Organic fertilizers are usually priced much higher (mostly 2-4 times) than the conventional fertilizers.

Moreover, as organic fertilizers are lower in nutritional content (n-p-k) value, they also need to be applied at higher rates. In some cases, where the soil nutrient content is very low, organic fertilizers alone cannot meet the demand.

The initial yield during conversion of land from inorganic to organic is also quite lower. Also, there are additional costs required for the certification of organically cultivated products. Hence, farmers are sometimes reluctant to invest in organic fertilizers. This could restrain the growth of the market to an extent.

Nonetheless, favorable government initiatives and subsidies will help improve the adoption of organic fertilizers, improving the market growth as well. Owing to these factors, the North America organic fertilizers market is poised to expand at a robust pace.

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Key Takeaways from Organic Fertilizers Market Study

• North America organic fertilizers market is expected to expand at 6.9% CAGR in terms of value between 2021 and 2031.
• Fruits and vegetables will dominate in terms of application, followed by cereals and crops.
• Based on form, the solid organic fertilizers will lead the market, accounting for nearly 72.4% of market share.
• The U.S. is expected to be the most lucrative country owing to the growing adoption of organic farming methods in the country
• In terms of source type, animal source will lead the segment, holding over 72.1% of market revenue.

Organic Fertilizers Market: Participant Insights                                                 

According to the Market Research analysis Sustane Natural Fertilizer Inc, True Organic Products Inc, California Organic Fertilizers Inc., Purely Organics LLC, Fertoz Limited, Fertilizers USA LLC, The Scotts Miracle-Gro Company, Sigma AgriScience, LLC, Bio Green USA, Inc., American Plant Food Corporation and others are identified as Key Players in the North America Organic Fertilizers market.

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North America Organic Fertilizers Market by Category

By Source Type:

• Plant Source
• Animal Source

By Application:

• Cereals and Crops
• Fruits and Vegetables
• Lawns, Turfs and Gardens

By Form:

• Solid
• Liquid

By Country:

• US
• Canada

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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Growing demand for various forms of 1,4-Diisopropylbenzene from diverse industries, particularly  chemicals and electrical & electronics industries is projected to drive the 1,4-diisopropylbenzene market between 2021 and 2031, finds Future Market Insights (FMI) in a recent research study. As per the study on 1,4-Diisopropylbenzene market is anticipated to exhibit growth at 3.8% CAGR during the coming assessment period.

The growing demand for synthetic lubricants and polymer products is benefiting the market due to the use of 1,4-Diisopropylbenzene as a solvent in paints, synthetic lubricants and polymers used in the automobile and construction industry. However, stringent regulations imposed on the use of synthetic chemicals that are harmful for environment and human health, coupled with shifting consumer preferences towards cleaner and greener alternatives, is expected to control the sales of 1,4-Diisopropylbenzene.

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Key Takeaways from 1,4-Diisopropylbenzene Market Study

• 1,4-Diisopropylbenzene market value is expected to total US$ 110.7 Mn in 2021
• The U.S. is expected to remain a leading market, accounting for nearly 84.7% of sales in North America in 2021
• Germany, France, and Russia are expected to exhibit steady growth in demand for 1,4-Diisopropylbenzene in Europe. Among these countries, Germany is expected to remain dominant
• Application of 1,4-Diisopropylbenzene as chemical intermediate will account for maximum sales of nearly 32.6% in the market in 2021
• China is expected to remain the leading market for 1,4-Diisopropylbenzene within East Asia through the course of the forecast period

1,4-Diisopropylbenzene Market: Participant Insights

According to the report, Eastman Chemical Company, Sagechem, Goodyear Chemicals, Syntechem Co. Ltd. Tokyo Chemical Industry Co. Ltd., Biosynth Carbosynth among others are identified as key players in the 1,4-Diisopropylbenzene market.

Key manufacturers are focusing on introducing improvements in the 1,4-Diisopropylbenzene to gain competitive edge. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field and many others are adopting strategic collaborations and agreements to share investments and resources to reduce the risk and increase the revenues in the market.

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1,4-Diisopropylbenzene Market by Category

By Product Type:

• Standard
• High Purity

By Application:

• Paints & Coatings
• Electrical & Electronics
• Chemical Intermediates
• Solvents
• Graphic Arts
• Others

By Region:

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

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Want to Know More?

Future Market Insights has published a market research report on the 1,4-Diisopropylbenzene market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the 1,4-Diisopropylbenzene market through three different segments- by Product Type, by Application and by Region.

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

Growing demand for various forms of 1,4-Diisopropylbenzene from diverse industries, particularly  chemicals and electrical & electronics industries is projected to drive the 1,4-diisopropylbenzene market between 2021 and 2031, finds Future Market Insights (FMI) in a recent research study.

As per the study on 1,4-Diisopropylbenzene market is anticipated to exhibit growth at 3.8% CAGR during the coming assessment period.

The growing demand for synthetic lubricants and polymer products is benefiting the market due to the use of 1,4-Diisopropylbenzene as a solvent in paints, synthetic lubricants and polymers used in the automobile and construction industry.

However, stringent regulations imposed on the use of synthetic chemicals that are harmful for environment and human health, coupled with shifting consumer preferences towards cleaner and greener alternatives, is expected to control the sales of 1,4-Diisopropylbenzene.

Download Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13753

Key Takeaways from 1,4-Diisopropylbenzene Market Study

• 1,4-Diisopropylbenzene market value is expected to total US$ 110.7 Mn in 2021
• The U.S. is expected to remain a leading market, accounting for nearly 84.7% of sales in North America in 2021
• Germany, France, and Russia are expected to exhibit steady growth in demand for 1,4-Diisopropylbenzene in Europe. Among these countries, Germany is expected to remain dominant
• Application of 1,4-Diisopropylbenzene as chemical intermediate will account for maximum sales of nearly 32.6% in the market in 2021
• China is expected to remain the leading market for 1,4-Diisopropylbenzene within East Asia through the course of the forecast period

Request a Complete TOC of this Report with figures @ https://www.futuremarketinsights.com/toc/rep-gb-13753

1,4-Diisopropylbenzene Market: Participant Insights

According to the report, Eastman Chemical Company, Sagechem, Goodyear Chemicals, Syntechem Co. Ltd. Tokyo Chemical Industry Co. Ltd., Biosynth Carbosynth among others are identified as key players in the 1,4-Diisopropylbenzene market.

Key manufacturers are focusing on introducing improvements in the 1,4-Diisopropylbenzene to gain competitive edge. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field and many others are adopting strategic collaborations and agreements to share investments and resources to reduce the risk and increase the revenues in the market.

1,4-Diisopropylbenzene Market by Category

By Product Type:

• Standard
• High Purity

By Application:

• Paints & Coatings
• Electrical & Electronics
• Chemical Intermediates
• Solvents
• Graphic Arts
• Others

By Region:

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

Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-13753

Want to Know More?

Future Market Insights has published a market research report on the 1,4-Diisopropylbenzene market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the 1,4-Diisopropylbenzene market through three different segments- by Product Type, by Application and by Region.

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com