Market Research Blog – Page 10796 – New Product Development

Screw Compressor Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

Global sales of screw compressors are set to be valued at over US$ 14.8 Bn in 2022, with demand increasing at a 3.5% CAGR over the assessment period.

According to Future Market Insights, increasing use of screw compressors in the oil and gas, energy and transmission, and automotive and aerospace industries is the primary driver of the market. Oil-lubricated compressors are durable, dependable, and efficient, making them suitable for a wide range of manufacturing activities. Oil filters and dryers may remove any oil pollution from the end product, resulting in clean compressed air flow that is perfect for construction, waste management, quarrying, recycling, and a range of other applications.

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Manufacturers are adding new screw compressors to their product ranges. These air compressors are built to be exceptionally energy efficient; oil-injected screw compressors may reduce energy consumption by up to 50%. This effort increases the compressor’s efficiency by 15%, and it is designed to take up less space, make less noise, and provide 12% more free air than previous versions.

Due to its widespread use in most applications, “stationary” screw compressors have a higher relative relevance in the global screw compressor market. These compressors are an excellent choice for home or professional shops where the device does not need to move. Electric types are especially popular since they require less maintenance, can be used indoors, and are quieter than gasoline-powered models.

“Increasing adoption of rotary screw compressors across various industries, along with increasing popularity od strationary compressors will boost demand in the market over the forecast period,” says an FMI analyst.

Key Takeaways

Based on technology, demand for stationary compressors will create an absolute $ opportunity worth US$ 3.8 Bn over the forecast period.
In terms of end use, the energy and transmission sector will offer an absolute $ opportunity of more than US$ 1.4 Bn over the assessment period.
Sales of screw compressors in the U.S. will grow at a 2.9% CAGR through 2032.
Japan will dominate the East Asia screw compressor market, with demand growing at a 4.8% CAGR over the forecast period.
India wil emerge as a lucrative pocket, with sales projected to increase at a 4.1% CAGR over the assessment period.

Competition Landscape

Top players in the screw compressor market are expected to hold around 65%-70% of the total market share. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players operating in the market include Atlas Copco, Hitachi, Ingersoll Rand, Emerson Electric Co., Baikin Industries, Siemes, KOBELCO, IHI Rotating Machinery, KAESER, Boge Komressoren, and others.

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Global Screw Compressor Market by Category

By Capacity:

Up to 5HP
5 to 50HP
50 to 250HP
Above 250HP

By Technology:

Stationary
- Oil Lubricated
- Oil-Free
Portable
- Oil Lubricated
- Oil-Free

By Stage:

Single Stage
Two-Stage
Multi-Stage

By Driver Type:

Liquid Driven
Gas Driven
Electric

By Type:

Belt Drive
Gear Drive

By End-Use:

Oil and Gas Industry
Chemical Industry
Energy and Transmission
Automotive and Aerospace
Mining and Minerals
Other Manufacturing Industry

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
The Middle East and Africa

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Shingled Magnetic Recording Market is Thriving at a Robust CAGR of 20.7% Through 2032

One of the technologies with the quickest growth is shingled magnetic recording (SMR), which was developed in response to the growing demand for increased hard disc drive capacity and data recovery from archived hard disc drives. The demand for data is currently growing, as is the need for storage technology.

Through 2032, the market for shingled magnetic recording is anticipated to expand at a robust CAGR of 20.7%. It is currently valued at US$ 1.6 billion, but by then, it’s anticipated to be worth US$ 10.6 billion. Previously, the market grew at a slower CAGR of 19.3% from 2016 to 2021.

The growing demand for high storage capacity, fast data access speed and high cost effective storage device worked together to further promote the development of storage recording technology. Shingled Magnetic Recording has been developed to increase density, or we can say, break the limit of traditional PMR (Perpendicular Magnetic Recording).

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Shingled Magnetic Recording technology is being used for archiving, data backup, and repository management. Environments like WORM (Write Once Read Many) and object storage are suitable for SMR, benefiting from its performance characteristics.

Shingled Magnetic Recording technology is useful for organizations and other institutions which have massive amounts of data and which require a value-centric alternative to the current near line offerings, SMR seems to be a perfect choice

Shingled Magnetic Recording Market: Drivers and Challenges

The major factor driving the adoption of Shingled Magnetic Recording technology is the growing demand to increase capacity of hard disk drive.

Shingled Magnetic Recording technology leverages existing standards to increase platter capacity by up to 25 percent.

Moreover Shingled Magnetic Recording technology provides help for high capacity, power efficient storage solutions required by digital media content servers, enterprise data center servers, cloud based active and cold storage – any configuration that requires high capacity storage and high reliability.

The key challenge restraining the market for Shingled Magnetic Recording technology market is the chances of data loss as ordinary hard disk drive and Shingled Magnetic Recording hard disk drive uses same storage codes.

So, there are chances of data loss in Shingled Magnetic Recording hard disk drive. However, the data recovery can be done in Shingled Magnetic Recording technology but it is a time taking process.

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Key Developments

In January 2016, Seagate launched 3.5-inch, 10-terabyte enterprise capacity hard drives for the growing demands of public and private cloud-based datacenters.

The drive is filled and sealed in with helium to create a turbulence-free, quiet environment in rack-mounted spaces typically filled with hundreds of drives operating.

In January 2016, Seagate launched back up plus ultra slim, with 5,400 RPM mobile 2 TB HDD with a 7 mm Z-height coupled with Shingled Magnetic Recording technology.

In June 2015, HGST, a Western Digital company has launched enterprise-class Helio Seal 10TB hard drive particularly for achieving maximum density by including Shingled Magnetic Recording technology.

Shingled Magnetic Recording market there are many vendors some of them are HGST, a Western Digital company and Seagate.

Regional Overview

North America is holding the largest market share currently for Shingled Magnetic Recording market due to the convergence of big data will create new opportunities for Shingled Magnetic Recording technology.

Moreover, increase in data usage has become the main focus of valid Shingled Magnetic Recording due to which the market demand for Shingled Magnetic Recording has increased significantly.

In Europe region, the market for Shingled Magnetic Recording technology is witnessing high growth rate due to presence of large number of companies that are using Shingled Magnetic Recording hard disk drive for improving capacity of HDD.

In APAC also with the rising investments in research and development, the implementation of Shingled Magnetic Recording technology in hard disk drive is increasing progressively.

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Shingled Magnetic Recording Market: Segmentation

Segmentation on the basis of Type:

Drive managed
Host-aware
Host-managed

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Hydronic Underfloor Heating Market 2022 | Present Scenario and Growth Prospects 2032

From USD 4.24 billion in 2022 to USD 7.59 billion in 2032, the hydronic underfloor heating market is expected to grow at a CAGR of 6% through 2032.

Continuous efforts to conserve energy and raise standards for energy-efficient systems are expected to propel the hydronic underfloor heating market forward influencing the hydronic underfloor heating market key trends and opportunities.

The hydronic underfloor heating market landscape is being propelled by comfort, cost efficiency, product equivalence with other heat sources, and minimal design considerations affecting the hydronic underfloor heating market adoption trends.

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The hydronic underfloor heating market will benefit from significant economic transformation as a result of rapid commercialization and industrialization escalating the hydronic underfloor heating market future trends.

The commercial segment of the hydronic underfloor heating market is expected to grow at a CAGR of over 6%. Product applications in healthcare will supplement product demand for hydronic underfloor heating, as will the growing demand for space heating in the hospitality sector.

The implementation of regulatory codes and standards that favour green building infrastructures, as well as the hydronic underfloor heating market trend toward lower energy bills, will encourage product adoption of hydronic underfloor heating in commercial applications.

Germany, for example, unveiled its new plan in April 2022 to speed up the transition to clean energy technologies from previous green energy standards. It included a shift to green energy from 65% to 80% of the total energy mix which will have as positive impact on hydronic underfloor heating market trends and forecasts and also help in escalation of the sales of hydronic underfloor heating.

KEY TAKEAWAYS:

Through 2032, the hydronic underfloor heating market’s new buildings segment is expected to grow at a rate of around 6%.

Due to an increased focus on demand-based heating solutions, the residential application is expected to hold a significant hydronic underfloor heating market share.
By 2032, the hydronic underfloor heating market in Europe is expected to be worth more than USD 3.5 billion.
Northern America leads the hydronic underfloor heating market and is expected to keep growing at its current rate, accounting for about 32.5% of the global market value, with a 4.6% CAGR.

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COMPETITIVE LANDSCAPE:

New market research report on hydronic underfloor heating says that Uponor Corporation, Amuheat, REHAU AG, Eberle by Schneider Electric, Mitsubishi Electric Corporation, Robert Bosch GmbH, Danfoss, Warmup, H2O Heating Pty Ltd., Hunt Heating, Hurlcon Hydronic Heating, Honeywell International, Inc., Polypipe, Schluter Systems, Warmboard, Inc., and Daikin are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the hydronic underfloor heating market, including hydronic underfloor heating market growth, hydronic underfloor heating market share, hydronic underfloor heating market adoption trends and important market strategies.

Recent Development in the Hydronic Underfloor Heating:

Product Launches:

nVent Electric plc added advanced work packaging and heat mapping capabilities to its available software in November 2021. It released software that combines the client’s 3D plant modelling systems with integrated heat management system (HMS) design capabilities.
Emerson introduced the Warm Tiles ColorTouch line of thermostats in January 2020, which includes a WiFi-enabled version that gives customers remote access to their systems via a mobile device or web browser, making it simple and cost-effective to control in-floor heating systems.
At the Specifi London building services event in October 2019, Rehau unveiled the RAUTITAN heating and plumbing system as well as the RAUPIANO pipework system.

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Variable Air Volume System Market 2022 | Scope of Current and Future Industry 2032

Total sales in the global variable air volume system market are expected to exceed US$ 12 billion in 2022. Rising adoption of these systems in commercial and residential buildings is expected to drive demand at a 7% CAGR, with the market exceeding $15.5 billion by 2032.

Rising disposable income, sustainability concerns, increased infrastructure investments, and energy efficiency legislation are some of the key factors driving the variable air volume system market’s growth.

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Constant air volume (abbreviated as CAV) systems are those that provide constant airflow at varying temperatures. VAV systems, as opposed to CAV systems, vary the airflow while maintaining a constant temperature. VAV systems have several advantages over constant-volume systems, including more precise temperature control, lower energy consumption by system fans, less compressor wear, less fan noise, and increased dehumidification.

In 1970s, when the energy prices began to rise Variable Air Volume System (abbreviated as VAV system) came into picture. VAV system supplies conditioned air with the volume varying as per the heat loss or gain in the occupied spaces, without any change in the temperature. VAV system is a type of heating, ventilating and air-conditioning system.

With rising disposable income and opulent lifestyle, all of us want to achieve quality indoor environment and higher level of energy efficiency by automating and controlling the building systems.

Variable Air Volume System Market: Drivers & Restraints

Installation costs are highly application specific, construction and layout of the building and whether its new or retrofit. Lack of familiarity, servicing and maintenance and spare parts availability are probable factors restraining the growth of the variable air volume system market.

Variable Air Volume System Market: Key Players

Some of the key market participants in global variable air volume system market are Honeywell International Inc, Schneider Electric, KMC Controls Inc, Vemco Inc, Johnson Controls Inc, Trane Inc, Emerson Climate Technologies.

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 categories such as market segments, geographies, types and applications.

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Key Segments Profiled in the Variable Air Volume System Industry Survey

Product Type:

Single Zone VAV
Multiple Zone VAV

Application:

Residential
Commercial
Industrial

Region:

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

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Digital Instrument Clusters Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2032

Instrument clusters with digital displays are increasingly replacing electromechanical pointer instruments. Moreover, digital instrument clusters are poised to supersede the analog instrument clusters in the next generation vehicles. The global instrument clusters is basically categorized into three groups: digital, analog and hybrid. Analog cluster is a classic instrument panel that contains a physical dial and a needle for the speedometer. A digital instrument cluster displays all these classical instruments on the LCD, VFD or TFT-LCD screen.

Such digital instrument clusters can be programmed to display the appropriate selection of virtual instruments according to the driver’s preferences. A hybrid cluster is the combination of the analog and digital cluster. Furthermore, they can enhance the appeal of a vehicle with eye-catching graphics. Therefore, most of the luxury brands are seeking to differentiate their vehicles through the inclusion of digital instrument clusters. It is expected that over seven million cars will have fully digital instrument clusters by the 2018. Digital instrument clusters that offers personalization are a key selling point.

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Digital Instrument Clusters: Drivers & Restraints

The key factor driving the digital instrument clusters market is substantial rise in the automobile output and its personalization. A digital instrument cluster that is reconfigurable is very appealing. Features such as distance until next charge, information on battery charge, and other driver information, can easily be displayed using a digital instrument clusters. These features are driving the market for global digital instrument clusters. Another factor driving the market for global digital instrument is consumer trend. The tablet, PC and smartphone ownership is increasing and there are opportunities to integrate these devices to drive global digital configurable instrument clusters. Furthermore, the economical and the environmental constraints upon the engine designs are driving the introduction of digital instrument clusters since the interior gains more attention from OEMs as a way to differentiate.

Another features that are driving the global digital instrument clusters market includes advanced technological features such as reusability, dynamic, scalable, simple and attractiveness. Digital instrument clusters needs a larger LCD display- often 1280 x 480 pixels, thus leading to higher cost. Also, an 8 or 16-bit CPU cannot transfer that many pixels, hence the digital cluster needs a 32-bit CPU. In addition, the level of software capability needed extends beyond the traditional entrenched skill set. These factors act as restraints for the digital instrument clusters up to a certain extent.

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The demand for digital instrument clusters in automobiles is anticipated to grow at an accelerated pace mainly due to significant growth in the automobile industry globally. Furthermore, the smartphone segment is also expected to grow at a high CAGR during the forecast period.

Digital Instrument Clusters: Region-wise Outlook

On the basis of region North America, Asia Pacific and Japan are expected to be the dominant players as a result of growing economy in these regions. The Indian electronics system design and manufacturing (ESDM) industry is one of the fastest growing industry in the country, which is further boosting the demand for digital instrument clusters in the region. The global digital instrument cluster market is anticipated to grow at a steady rate in other regions of the world as a result of a slowing global economy in these regions.

Digital Instrument Clusters: Key Players

Some of the market participants in the global digital instrument clusters market are Nippon Seiki Co., Ltd., Ford Motor Company, Audi AG, Renault, Volkswagen, Kia Motors Corp., BMW AG, Jaguar Land Rover Limited, NVIDIA Corporation and Tesla Motors.

The report covers exhaustive analysis on:

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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.

Digital Instrument Clusters: Segmentation

On the basis of application, the global digital instrument clusters market is segmented into:

Smartphone
Tablet PC/Desktop/Notebooks
Automobiles
Others (Digital cameras, inverters, power suppliers, painters, car radio, LED lighting, payment terminals)

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Methyl Isopropyl Ketone Market | Outlook, Current and Future Industry Landscape Analysis by 2027

Methyl Isopropyl Ketone or 3-Methyl-2-butanone is a colorless liquid with a sweet acetone like smell. It is highly flammable. Methyl Isopropyl Ketone is stable, does not polymerize and is highly compatible with a variety of organic reagents.

It shows low solubility in water in comparison to other ketones and is used primarily in industrial applications as a chemical intermediate as a process solvent.

Generally, ketones are exhaustively used as a liquid solvent during the production of adhesives, printing inks, surface coatings, chemical intermediates and magnetic tapes and lube oil de waxing agents. Industrial processes are one of the leading consumers of Methyl Isopropyl Ketone as it is used as a solvent in various processes.

Methyl Isopropyl Ketone caters to the chemical needs of a variety of industries ranging from chemicals and paints to textile, food, chemical and leather. Increasing use of bio-based and green solvents is the new rising trend in the industrial solvents market and this may impact market growth in the coming years.

Adding to this, most of the industries are heavily regulated across the globe, so producers might be forced to adopt low-solvent technologies and this may negatively impact the overall market growth in near future.

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Methyl Isopropyl Ketone Market: Drivers and Restraints

A mild coating of acetone or Methyl Isopropyl Ketone imparts a high gloss finish to 3D printed parts and reduces print layer ridges. As a result, the demand for Methyl Isopropyl Ketone will witness growth in near future as this product will be increasingly utilized to carry out various intermediate processes in a wide variety of industries.

Process solvents will continue to account for the majority of this demand for Methyl Isopropyl Ketone. The industrial solvents market has significantly changed modern living and made solvents one of the most valuable and useful products for various end user industries and manufacturing companies.

The final products include pharmaceuticals, cosmetics, printing ink, paints & coatings and adhesives. The demand for Methyl Isopropyl Ketone as industrial solvents will be driven by the growth in the electronic, pesticides, photographic reproduction and textile industries.

Huge amounts of Methyl Isopropyl Ketone is also used as a dissolution agent in different industries for various purposes such as cleansing, degreasing and purification. The growing demand from pharmaceutical, paints and coating industry is fueling the global demand for Methyl Isopropyl Ketone.

Asia Pacific has become a global manufacturing hub and is attracting major players, which are targeting high growth markets such as India and China. However, strict legal regulations and growing environmental awareness amongst end user industries are major restraints for the Methyl Isopropyl Ketone market in the APAC region.

Methyl Isopropyl Ketone Market: Region Wise Outlook

The global Methyl Isopropyl Ketone Market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

The demand for Methyl Isopropyl Ketone in the United States, Western Europe and Japan has reached a mature stage and the growth of the market is generally dependent on the health of the economy, especially housing, construction and transportation.

The APEJ and Latin America region will also register steady growth due to ongoing rapid industrialization and growing demand for consumer & household products, mainly in emerging economies such as India and China. MEA is also projected to expand with a significant CAGR over the forecast period.

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Examples of some of the market participants in the Global Methyl Isopropyl Ketone Market identified across the value chain include

The Dow Chemical Company
Royal Dutch Shell Plc
Kumho P&B
Lee Chang Yung Chemical
Celanese Corporation
Eastman Chemical Company
Mitsubishi Chemical Holdings Corporation
Mitsui Chemicals, Inc.,
Carboclor S.A
Monument Chemical
Sasol 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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Specialty Polyamides Market | Development Status, Competition Analysis, Type and Application by 2027

Polyamides comprise a variety of polymers that are composed of repeating units linked together by means of amide linkages. Specialty polyamides is a sub-group of polyamides and comprises several polymers that exhibit relatively superior properties and performance across several applications.

Relatively higher strength, rigidity, dimensional stability coupled with relatively superior chemical and thermal properties exhibited by these specialty polyamides, render them effective and efficacious alternative to conventional materials in several demanding applications.

Some of the key polyamides that compose specialty polyamides market include PA 6/10, PA 6/12, PA 4/6, PA 10, PA 11, PA 12, among others. Over the recent past, consumption of specialty polyamides in automotive, and electronics applications, among others has witnessed a robust growth.

Moreover, driven by increasing demand for eco-friendly, green alternatives, penetration of bio-based specialty polyamides is expected to witness a steady increase over the next few years. Global specialty polyamides market is anticipated to register a steady single-digit growth over the next ten years.

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Specialty Polyamides Market: Dynamics

Increasing focus on emission control has been witnessed in automotive industry over the recent past. This has prompted several of the industry participants to develop vehicles that are relatively lighter in weight. Metal-to-plastics conversion has been a prominent trend in the automotive industry over the past few years.

Moreover, increasing demand for materials that exhibit better properties as compared to those exhibited by conventionally used materials in a variety of applications across diverse set of industries is expected to, in turn, drive the demand for specialty polyamides over the forecast period.

Moreover, adoption of specialty polyamides, especially, in electronics application has witnessed a steady growth over the recent past. This coupled with anticipated steady growth in electronics production is expected to, in turn, drive the growth in consumption of specialty polyamides during the forecast period.

Adoption and use of an alternatives to conventional materials involve a rigorous, expensive and time consuming qualification process. This, coupled with relatively higher price points associated with some of the specialty polyamides is expected to act as an impediment to growth of global specialty polyamides market over the forecast period.

Also, relatively lack-luster economic growth, especially, in key plastics consuming countries is expected to hinder the growth in demand for specialty polyamides over the forecast period. Over the recent past, industry participants have channelized efforts towards capacity expansion, especially, for production of bio-based specialty polyamides.

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Moreover, in order to better cater to the increasing demand for these specialty polyamides, manufacturers are channelizing resources towards capacity expansions and new capacity additions, especially, in regions such as Asia Pacific. Besides, increasing focus on development of application-specific specialty polyamide product offerings are expected to be witnessed in the market over the next few years.

Specialty Polyamides Market: Segmentation

Specialty Polyamides Market can be segmented on the basis of product type and application. On the basis of product type, global specialty polyamides market can be segmented in to as polyamide 6/10, polyamide 6/12, polyamide 4/6, polyamide 10, polyamide 11 and polyamide 12.

On the basis of application, the market for specialty polyamides can be segmented as Automotive, Electrical & Electronics, Consumer Products, Building & Construction, Healthcare & Medical, Oil & Gas and Energy, Others.

Specialty Polyamides Market: Regional Outlook

Asia pacific region is expected to dominate the global specialty polyamides market over the forecast period. The region accounted for a dominant share in overall global automotive production so also in production of electronics and related products.

Increasing consumption in automotive industry related applications especially in China, and India, among others is expected to drive market growth in the region over the forecast period. North America and Europe are expected to register steady growth in demand for these specialty polyamides owing, primarily, to increasing demand for bio-based materials.

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Specialty Polyamides Market: Market Participants

Some of the market participants that are part of the value chain are Arkema S.A., Solvay S.A., BASF SE, Evonik Industries AG, Koninklijke DSM N.V.,E. I. du Pont de Nemours and Company, and Teknor Apex, among others.

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, product types and applications.

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Piperylene Market | Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies by 2027

Piperylene is an organic compound that falls under the class of alkenes with chemical IUPAC name of 1,3 pentadiene. Piperylene compound has an appearance of colorless liquid with acrid odor and is moderately toxic in nature. Piperylene is found as a byproduct during the synthesis and production of ethylene in naptha cracking unit from crude oil.

On commercial level, the Piperylene is regarded as important monomer for the synthesis of adhesives, plastics, resins and intermediates. The end products manufactured using piperylene captures a large market share in application like the manufacturing of parcel tapes, envelopes, diaper fastenings, inks and building materials.

The compound is considered preferred choice as an ingredient in many application industries owing to its properties like high mechanical strength, toughness, and resistance towards corrosion and radiation.

The piperylene compound is also used for production of resins required for pressure sensitive and hot melting application such as waterproof coatings, road marking paint and rubber traffic equipment.

The production and consumption of the polymers and derivatives derived from piperylene in terms of volume is dominated by the Asia Pacific, Europe and North America region. In Asia Pacific, developing economies such as China and India are growing at an exceptional pace in past few years and capturing exceptional market share in terms of volume and revenue.

However, the countries located in the Western Europe region are expected to drive the utilization of the piperylene based products.

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Piperylene Market: Drivers and Restraints

The piperylene market had witnessed the significant growth in demand in the last few years, expected to retain growth in the coming years. The end users of product derived from piperylene are continuously increasing ultimately driving the demand of piperylene.

The investment in developing countries is expected to increase in industries like infrastructure, automobile and aerospace industry in the near future ultimately fuelling the demand for high performance plastics, adhesives and coatings.

In order to reduce maintenance and rehabilitation cost, the market players associated in the manufacturing of part in automobile, aerospace and construction industries needs a special class of coating that can provide improved protection for long-term operations.

Adding to this, the automobile and aerospace industries pay more focus on improving the performance and fuel economy by using alternative for heavy metal components. Moreover, Piperylene derived plastics and coatings are capable of addressing specific and tailored industry requirement efficiently expected to create positive impact on the demand of the Piperylene based products..

As piperylene market is innovation driven, the stakeholders in the values chain are focusing on Research & Development in order to develop the innovative products from piperylene. The chemical properties such as high flammability and toxic nature that impact human bodies and respiratory system may act as restraint to the market growth.

Adding to this, the unwanted polymerization may also hamper the adoption of piperylene product in some of the chemical processes. However, the impact is anticipated to be completely complete offset by driving factors in the piperylene market.

Piperylene Market: Region Wise Outlook

The global piperylene Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2015. The growth in developed regions such as Western Europe, Japan and North America will be driven by the expansion of industries like aerospace, automotive, and construction.

The APEJ and Latin America region will also register rapid growth due increasing demand for adhesives and resins and increase in manufacturing units mainly in the emerging economies such as China. MEA is also projected to also expand with a significant CAGR over the forecast period

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Examples of some of the market participants in the global Piperylene Market identified across the value chain include

LyondellBasell Industries N.V.
The Dow Chemical Company
Exxon Mobil
Shell Chemicals
Triveni chemicals
Braskem
Yuhuang Chemical Inc.
Zeon Corporation
Shanghai Shangyi Chemical Technology 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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Marine Fuel Additives Market | Top Companies, Size, Revenue, Forecast and Detailed Analysis by 2027

The environmental concerns associated with the use of fuel are causing a paradigm shift toward marine fuel additives. The effective marine fuel additives are being increasingly utilized owing to their novel attributes, including improved reliability, easy maintenance, and longevity.

Moreover, marine fuel additives will have a larger role to play in the coming years, given the complications presented by heavy fuel oil (HFO) and severely hydro-treated fuel that produces ultra-low Sulphur diesel.

Inclination towards Reduced Emission to Boost the Demand for Marine Fuel Additives

The most significant factor that is expected to be a demand driver for marine fuel additives is their capability to bring fuel efficiency in the ships. The reduced emission of harmful gases with the addition of these marine fuel additives is expected to foster the growth of the marine fuel additives market.

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Furthermore, with the growing regulations and stringency with respect to the reduction of sulfur content, is expected to boost the marine fuel additives market as these products would help the shipping industry to comply with the regulations. Market players have been investing time and resources for developing improved marine fuel additives.

In line with this, the International Maritime Organization (IMO) regulation, called IMO 2020 is expected to provide major opportunities of growth to the marine fuel additives market players. For instance, Innospec has launched its new range of marine fuel additives complying with the IMO regulations, which is said to clean tanks while the vessel is underway.

Greater significance given to environment-friendly practices and cleaner and efficient fuels is expected to boost the marine fuel additives market. With the addition of marine fuel additives, it is possible to reduce harmful emissions from marine engine, which is anticipated to be a key industry trend.

Increasing Emphasis gained in Leading Regions Expected to Upsurge the Marine Fuel Additives Market

The global marine fuel additives market is analyzed on a global front by assessing its presence in the key regions. Developing economies are on a constant move towards improving the environmental conditions, owing to which there are various stringent regulations imposed on the usage of fuels in ships and boats.

Key regions including North America and Europe have strict regulations when it comes to the fuel emission and environmental safety. Owing to these, there are various fuel additives including marine fuel additives being produced as per the regulations.

Owing to this, the marine fuel additives market players have a large scope for business in these regions. For example, Total Additives and Special Fuels has invested in the Kaluga region of Russian Federation for its new production and oil-blending plant.

Asia Pacific market for marine fuel additives is also expected to grow significantly with the new developments in the key economies of region. Chevron Oronite Company LLC in their marine fuel additive segment marked groundbreaking performance in their shipping and blending project in China, as stated in their third quarter earnings results. This facility would provide solutions to the market in China after it becomes operational in the year 2021.

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Marine Fuel Additives Market Players Eyeing Opportunities with Improved Strategies and Products

Marine Fuel Additives market players are seen implementing next-generation strategies to ensure that they can make the most of the potential of the market, while enhancing their offerings to the same. The key market participants include Biobor Fuel Additives, West Marine, Chevron Oronite Company LLC, BASF SE, Chemtura Corporation, Innospec, Total Additives and Special Fuels, Afton Chemical Corporation, Lubrizol Corporation, Dow Chemical Company, Baker Hughes, Albemarle, Dorf Ketal, NALCO Champion, Evonik Industries, Clariant, and Eurenco.

Chevron’s research successfully recognized the performance gaps of existing marine fuel additives offered in the market followed by identifying the need for improved solutions. For this, the company introduced their newly formulated and high-performance marine fuel additives solution that combine cleaning power with state-of-the-art protection.

Companies such as Clariant and Covestro along with BASF are seen utilizing the e-commerce platform for offering their large product portfolio to the Chinese consumers. These steps would accelerate the distribution of marine fuel additives as well in the coming future.

Moreover, with research centers established by marine fuel additives market players such as Evonik Industries in Singapore focusing mainly on additive manufacturing the market is expected to witness major developments.

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Marine Fuel Additives Market Segmentation for In-depth Evaluation

The marine fuel additives market segmentation is done on the basis of operation and fuel type.

According to the operation, the marine fuel additives market is segmented into antioxidant, deposit control, inhibitor, lubricity & CETANE improvers, corrosion, and others
Based on the fuel type, the marine fuel additives market is segmented into gasoline, diesel, and others.

The research report on highlights a detailed assessment of the entire marine fuel additives market. It included data that is factual and historical, meaningful insights, and industry-validated and statistically supported information providing a better understanding of the market.

The inclusion of estimations using adequate set of assumptions and methodologies in the report makes it even more valuable. The research report on marine fuel additives market provides evaluations and data based on the categories including regions, technology, market segments, and applications.

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Sodium Aluminum Silicate Market | Worldwide Industry Analysis and New Market Opportunities Explored By 2027

Sodium Aluminum Silicates are inert, non-toxic, synthetic amorphous, white colored and odorless chemical compounds which are acidic salts containing sodium, silicon, oxygen and aluminum.

Generally, Sodium Aluminum Silicates occur naturally or are synthetically manufactured and find applications mostly in food and paints & coatings applications.

Sodium Aluminum Silicates as food additive can be used as anti-caking agent and free flow agent that helps to avoid clumping of food or in preventing formation of lumps. Also, sodium aluminum silicates absorbs the excess moisture content.

Further, sodium aluminum silicates are also used as pigments owing to their high degree of white color. These are used in production of waterborne & solvent based paints, lacquers and printing inks, among others.

Sodium aluminum silicates appeared to be effective extenders for titanium oxide in paint & coatings applications. Also, sodium aluminum silicates are used in agrochemicals, pharmaceuticals, rubber & rubber processing industry as free flowing and carrier agents and reinforcing fillers, among others.

Also, Sodium Aluminum Silicates are available in various grade, depend upon its usage such as food, pharmaceuticals, technical, etc.

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Global Sodium Aluminum Silicate Market: Dynamics

Growing demand for anticaking or free flowing agents in food industry especially in manufacture of seasonings, spices and powdered food products, etc. is expected to drive the growth in demand for sodium aluminum silicates over the forecast period.

Moreover, growing population coupled with increasing demand for packaged food products is expected to help drive the demand for Sodium Aluminum Silicate in food industry.

Hence, demand for Sodium Aluminum Silicate is expected to increase steadily with the growth of food industry. Furthermore, Sodium Aluminum Silicate is used as white pigment and extender for TiO2 in paints & coatings industry. Thus, rising demand for white pigment in paints & coatings applications is, in turn, expected to boost the demand for Sodium Aluminum Silicate.

Another important application of sodium silicate is that in production of adhesives. Exceptional properties exhibited by sodium silicate render it ideal for certain application specific adhesives and cements.

Moreover, increasing demand from agricultural applications is anticipated to help boost the market growth. Apart from this, FDA regulations pertaining to the usage in food application may impede the growth of sodium aluminum silicate market, especially in developed regions.

Global Sodium Aluminum Silicate Market: Regional Outlook

Sodium aluminum silicates market is mainly dominated by APAC region especially China, and India. China is expected to account for a significant share in overall global sodium aluminum silicate market in terms of production and consumption owing to significant demand from paints & coatings and food industry.

Further, steady growth in food & beverages, paints & coatings, agrochemicals and rubber industry in APAC region is expected to help strengthen the region’s dominance in the market. Market in APAC is expected to register a healthy CAGR over the forecast period.

Further, North America followed by Europe is expected to account for significant share in global sodium aluminum silicate market. It is anticipated that the Sodium Aluminum Silicate market in North America and Europe will register relatively slower growth as compared to that in Asia Pacific region over the forecast period.

Apart from this, the stringent regulations in these region are likely hamper the growth of sodium aluminum silicate market. Sodium aluminum silicate market in Latin America and Middle East & Africa (MEA) is expected to register steady growth.

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Global Sodium Aluminum Silicate Market Participants

Some of the market participants in the global Sodium Aluminum Silicate market, identified across the value chain, include Huber Engineered Materials, Evonik Industries, IQE group, Glassven C.A., Shinya Chem, and Gujarat Multi Gas Base Chemicals Pvt. Ltd., among others.

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, grades and application.

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