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Solketal is also known as isopropylidene glycerin. Solketal is categorized under glycerin and glycerin derivative and has significant potential to be used as additive to improve biodiesel properties. By IUPAC standards, solketal is identified as 4-hydroxymethyl-2,2-dimethyl-1,3-dioxolane. Solketal is a clear, colorless, and odorless liquid, and possess good fluidity at room temperature. Solketal has been widely used for the organic synthesis of mono, di and tri esters and recognized as a green industrial solvent additive in gasoline and biofuels.

Solketal is formed by reacting glycerol and acetone in the presence of an acid which results in the formation of a five membered ring called 1,3-dioxolane, which releases the water molecule to form solketal. There has been rise in demand for solketal as oxygenate fuel additive, as it can be used to reduce the particulate emission and improve the flow properties of the transportation fuels. Solketal has also shown noteworthy demand to improve the oxygen stability and increases the octane number of gasoline and has significantly reduced the gum formation along the vehicle fuel lining.

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Global Solketal Market Dynamics

The growing demand for biofuels and biodiesel is expected to create demand for solketal over the forthcoming years. Solketal is found to be soluble in gasoline and also in gasoline with significant proportion of ethanol. Solketal is also being used to increase the octane number of the fuels. The global solketal market has also witnessed growing demand for its use as chemical intermediate to synthesize benzyl solketal ether. With the stringent regulations pertaining to the use of bio fuels and additives, there has been an expected rise in demand for solketal over the coming years.

The global solketal market has faced a number of challenges pertaining to the use of acetone in its synthesis. Though solketal is applied in a number of applications as biofuels, there are controversies surrounding its other constituent i.e. acetone. Glycerol is majorly derived from biological origin but the other feedstock i.e. acetone is being commercially obtained from the petrochemical processes. This may act as a key in factor restraining solketal market growth.

Global Solketal Market: Regional Outlook

In terms of regional perspective, Europe and North America are anticipated to represent significant market share in the global solketal market. This is attributed to the increasing stringent regulations pertaining to the use of biofuels across a range of applications. Asia Pacific is anticipated to register steady rise in demand over the second half of the forecast period. China is anticipated to be a major consumer for solketal in the Asia Pacific regions. Other regions such as Latin America and Middle East and Africa are anticipated to be regions with low volume share but are projected to witness robust rise in demand over the forecast period.

The ketalization of glycerol and acetone yields cyclic ether known as Solketal. The global solketal market manufacturers are in lining up and channelizing their efforts for the production of bio based solketal to improve the efficiency and to meet the stringent regulations pertaining to the use of additives. Moreover, there has been increase in production of high purity grade of solketal for its use in pharmaceutical and food industry

Global Solketal Market Participants

Some of the market participants identified across the value chain of global solketal market are:

• GLACONCHEMIE GmbH
• Sigma Aldrich (Laboratory Grade)
• Fisher Scientific
• Loba Feinchemie AG
• TCI EUROPE N.V.
• Alfa Aesar
• CM Fine Chemical
• Abcr GmbH
• Suzhou Jinghua Chemical Co., Ltd.
• Yancheng Jinghua Chemical Co., Ltd.

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Global Solketal Market: Segmentation

The global solketal market can be segmented on the basis of application, purity, and end use industry

Based on the purity, the global solketal market can be segmented into,

• 96-98%
• 98%
• >98%

Based on the application, the global solketal market can be segmented into,

• Solvent
• Pharmaceutical intermediate
• Biofuel
• Others

Based on the end use industry, the global solketal market can be segmented into,

• Cosmetics and personal care
• Food and beverage industry
• Pharmaceutical Industry
• Chemical Manufacturing
• Paints and coatings
• Others

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The global traffic road marking coatings market is expected to reach a market valuation of US$ 5.22 Billion by the year 2022, accelerating with a moderate CAGR of 6% by 2022-2032. Traffic Road Marking Coatings market size is anticipated to be valued at about US$ 9.34 Billion by 2032 end.

Road markings are designs, lines, or phrases painted on the ground to direct and regulate traffic on highways and to properly direct pedestrians. One of the materials used to indicate the delineation of traffic channels and act as a psychological barrier to guarantee smooth and orderly traffic flow is solvent-based and thermoplastic road marking paint.

One of the factors driving the traffic road marking coatings market size through the forecast period is the quick deployment of road and highway projects to relieve traffic congestion. For instance, the I-405 widening project in California, U.S., will involve a variety of construction projects throughout its 16-mile length from Long Beach to Costa Mesa. The adoption of traffic road marking coatings is anticipated to increase in the coming years as a result of these advances and the increased number of fatalities from traffic accidents.

One of the coating types that is expanding the fastest is epoxy. Epoxy coatings are frequently utilized in high traffic areas because they are affordable and dependable. As a result of their resistance to oil, transmission fluids, and gasoline, these coatings are chosen over plastics. The traffic road marking coatings market is anticipated to increase rapidly due to the rising demand for such tough coatings.

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Due to the strict code of conduct mandated by governments, demand in the polymer and coating industries also decreased. The supply of raw materials for the traffic road marking coatings market was slightly impacted by the COVID-19 outbreak. The pandemic and lockdown conditions severely disrupted the coatings industry’s whole production and supply chain, which also had an impact on the traffic road marking coatings market.

As per the traffic road marking coatings traffic road marking coatings market analysis, several road maintenance and construction projects expanded as a result of the decreased traffic, despite significant supply chain instability during the early months of the COVID-19.

In addition to allowing for road construction, the crisis and aircraft cancellations gave time to assess the best times to build a runway. For instance, Auckland Airport announced plans to advance its runway pavement replacement project by taking use of the opportunity presented by the traffic limitations during the pandemic in May 2020.

Key Takeaways from Market Study

• While the Asia Pacific region is anticipated to experience the maximum growth during the projection period, Europe has emerged as the largest traffic road marking coatings
• The traffic road marking coatings market is anticipated to reach a valuation of US$ 9.34 Billion by 2032.
• Road marking lines were the most popular application category in 2021, accounting for a traffic road marking coatings market share of 55.1 percent.
• Thermoplastic coating is anticipated to increase at the quickest rate of any product category during the forecast period, accounting for 23.3 percent of traffic road marking coatings market

Competitive Landscape

Companies like US Specialty Coatings, Swarco AG, Monarch Industrial Product (I) Pvt. Ltd., Geveko Markings (Sollix Group), Ennis-Flint (PPG Industries), and Crown Technologies are among those that compete in the traffic road marking coatings market. These companies use a variety of techniques to diversify their product offerings across the global market, including strategic product releases, acquisitions, and corporate expansions.

Recent Developments in Global Polycarbonate Market

PPG created the Traffic Solutions division in January 2021 after purchasing Ennis-Flint in order to produce and provide pavement-marking materials, such as thermoplastics and paint, for clients in the commercial infrastructure and other sectors.

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Traffic Road Marking Coatings Market by Segmentation

By Product:

• Paint
• Thermoplastic
• Preformed Polymer Tape
• Epoxy

By Type:

• Permanent
• Removable

By Application:

• Road Marking Lines
• Road Marking Labels

By Region:

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

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Global sodium nitrite market is anticipated to reach a valuation of US$ 612.9 Mn by the end of 2032, exhibiting an average CAGR of 4.3% for the forecast period of 2022 to 2032. Sodium nitrite market is expected to reach an estimated US$ 401.76 Mn in 2022. Accelerated rise in demand for sodium nitrite in meat curing applications along with its rising usage in other industry verticals like pharmaceutical, food & beverage, textile, and others promote growth for the sodium nitrite market.

Growing inclination for organic products has resulted in farmers opting for organic farming techniques. Consequently, a considerable rise in the sales of sodium nitrite has been noted. The governments of various countries across the world also promote organic farming which has enhanced market prospects for sodium nitrite. Additionally, rising awareness of adverse effects of chemical fertilizers is also opening up multiple market avenues for sodium nitritae.

Since sodium nitrite is primarily used as a preservative, its demand in sectors like food and beverage and meat processing is quite high. It also acts as a color fixative and deters the growth of harmful bacteria which propels its demand in the meat processing industry. The pharmaceutical industry, too, is responsible for the target market expansion.

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“Surging demand from the meat processing industry along with growing inclination for organic products will likely augment the growth of the market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Illnesses associated with excess consumption of sodium nitrite impede market growth.
• Asia Pacific dominates the market accounting for 74.3% of market revenue in 2022.
• Food & beverage sector to propel market growth in China.
• In 2022, Europe is the second largest market revenue generator.
• By application, food additives segment is leading the market.

Competitive Landscape 

Deepak, Airedale Chemical Company Ltd., BASF SE, Shijiazhuang Fengshan Chemical Co. Ltd., Ural Chem JSC, Linyi Luguang Chemical Co. Ltd., Radiant Indus Chem Pvt. Ltd., Ying Feng Yuan Industrial Group Limited, SABIC, Chemtrade Logistics, and others are some of the major players in the sodium nitrite market profiled in the full version of the report.

Major market players are consolidating their efforts on R&D activities. Again, they employ strategic target market growth tactics like expansion, product launches, joint ventures, and partnerships to strengthen their sodium nitrite market position and gain an extensive customer base.

Key Segments  

By Application:

• Food & Beverages
• Corrosion Inhibitors
• Dyes & pigments
• Pharmaceuticals
• Others

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More Insights into the Sodium Nitrite Market Report

In its latest report, FMI offers an unbiased analysis of the global sodium nitrite market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on application (food & beverage, corrosion inhibitors, dyes and pigments, pharmaceuticals, others), and region.

According to the latest FMI reports, based on regional growth, China is expected to register considerable growth in the sodium nitrite market over the forecast period. This growth is attributed to its vast food & beverage industry. Adoption of a hectic lifestyle and eating habits have made China the largest consumer of food and beverages. This fact is likely to supplement regional target market growth.

India’s sodium nitrite market will likely record significant growth as it is the world’s largest generic drug provider for sodium nitrite. Thus, the advancing pharmaceutical industry is expected to positively influence the regional sodium nitrite market. China and India are the major growth drivers for the Asia Pacific sodium nitrite market. The market in the Asia Pacific region is predicted to record a 4.7% CAGR over the assessment period.

Europe is counted as the second largest sodium nitrite market, holding 17% market revenue share. Since many chemically derived food & beverage products are restricted in this region, the sodium nitrite market is availed plenty of opportunities.

Based on segmentation, food & beverages application is anticipated to lead the market, accounting for 24% of market share. This is due to high use of food additives in the poultry and meat sector.

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Phenolic board is plywood like material which is manufactured with the help of woven fabrics/ high density thermo-setting cellulose fabrics along with phenolic resins. Phenolic board is also known by the name of phenolic panels. Phenolic board is not made from wood, therefore it does not have problems related to plywood. Phenolic board is manufactured by compressing/pressing woven fabrics/cellulose fabrics with phenolic resins under high pressure. Phenolic boards have high UV resistance, chemical resistance, moisture resistance and abrasion resistance along with high mechanical strength.

On the core surface of phenolic boards numerous materials such as laminates, wood panels can be used, owing to its characteristic properties it is used for different purposes in building and construction industry. Phenolic boards is used in the construction of small cabins or cubicles for changing room, toilets, bathroom etc. Phenolic boards are also used in furniture making and construction of lockers used in changing rooms. Phenolic boards are also used as partitions and as countertops for wash basin/sinks. Phenolic boards can also be used for façade cladding. Phenolic boards in combination with phenolic foams can be used as insulating panels. Phenolic boards are available in different colors as well as different finishes.

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Phenolic Board Market: Regional Outlook

Growing population and rising urbanization has resulted into rise in the number of building & construction activities in Asia Pacific region. Also in the recent years there is substantial rise in residential as well as commercial construction activities especially in the countries such as India and China, owing to which Asia Pacific can be attributed as a prominent market for phenolic board. In the regions such as Europe and North America there is rising demand efficient materials with characteristic properties for building & construction owing to which North America and Europe can be considered as potential markets for phenolic board. Increasing urbanization has resulted into rise in the building & construction activities in Latin America coupled with elevating commercial construction in Middle East & Africa, collectively makes LAMEA a promising market for phenolic board.

Phenolic Board Market: Key Participants

Some of the key participants identified in the global phenolic board market are:

SPIGO Group, Guangdong Yuhua Building Materials Co., Ltd., Mega Plywood Corp., Kingspan Insulation, Sekisui Chemical, Asahi Kasei, Jinan Shengquan Group, Langfang Sanxing Chemical, Linyi Longser Imp. & Exp. Co., Ltd., Linyi Haoqing Wood Co., Ltd., Linyi Baochen Wood Co., Ltd., Shandong Jitong Board Industry Co., Ltd., Stonewood Architectural Panel and Fiberesin Industries among others.

The Phenolic Board market research report presents a comprehensive assessment of the Phenolic Board market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Phenolic Board market research report provides analysis and information according to Phenolic Board market segments such as geographies, application and industry.

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Phenolic Board Market: Segmentation

The global phenolic board market can be segmented on the basis of its thickness, application and end-use:

The global phenolic board market can be segmented on the basis of its thickness:

• ≤40 mm
• >40 mm

The global phenolic board market can be segmented on the basis of its application:

• Building & Construction
• Interior (Bathroom & Toilet Partitions, Interior Partitions, Cubicles etc.)
• Exterior (Wall Claddings)
• Insulation Panel
• Furniture
• Others (Countertops, screens, truck beds)

The global phenolic board market is segmented on the basis of its end-use:

• Residential
• Commercial
• Industrial

The Phenolic Board Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Phenolic Board market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Phenolic Board market segments and geographies.

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The global alpaca fiber market demand is estimated to grow at an opulent CAGR of 3.2% with a valuation of US$ 3.4 Billion in 2022. According to FMI analysis, the alpaca fiber market is projected to reach US$ 4.7 Billion from 2022 to 2032. The growth of the Alpaca Fiber Market is attributed to its global utilization across the Automotive industry.

A natural fiber extracted from an alpaca is known as alpaca fiber. As compared to fur alpaca fiber is stronger, more hypoallergenic, warner, lighter and has more elasticity. When compared to conventional wool, alpaca fiber is not scratchy, which gives the benefit of alpaca fiber so people who cannot wear sheep wool can wear alpaca fiber clothing.

Alpaca fiber is considered to be one of the world’s finest and most luxurious natural fibers, making it a common and extravagant choice for lavish and leisure clothing. Growing customer demand for natural fashion accessories and clothing is one of the major factors for the surge in the alpaca fiber market.

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Key Takeaways

• Surging customer demand for natural fashion accessories and clothing is one of the major factors expected to propel the growth of the Alpaca fiber market during the forecast period from 2022 to 2032.
• Increasing awareness among consumers regarding the product benefits is yet another crucial factor that is rapidly augmenting alpaca fiber fashion stores which offer the easy approachability of the products.
• The growth of the Alpaca fiber market is anticipated to spur throughout the forecast period owing to increasing customer inclination toward natural fashion accessories and clothing.
• Furthermore, increasing trends of highly sustainable and eco-friendly garments and the rising standard of living of the people are some other factors that are expected to augment the growth of the alpaca fiber market during the forecast period.
• Increasing popularity in the fashion apparel industry along with rising demand for warm and soft clothing fiber is expected to further contribute by generating immense opportunities that will lead to the growth of the alpaca fiber market in the forthcoming years.
• North America is expected to dominate the global Alpaca fiber market, owing to the rising popularity of alpaca fiber-based products and accessories amongst consumers.

Competitive Landscape

THE ALPACA YARN COMPANY, AHA Bolivia, New Era Fiber, The Natural Fiber Company, Coopecan, Zeilinger Wool Company, Plymouth Yarn Company, Inc., Fil Katia, Cascade Yarns, MALABRIGO YARN, AndeanSun Yarns, Berroco, Inc., Mary Maxim, Inc., Laughing Hens, Lion Brand Yarn, Alpaca Owners Association, Inc., White Frost Farms, Yarns and Fibers (YnFx), Classi Alpaca, Altifibers S.A. are some of the key companies profiled in the full version of the report.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as THE ALPACA YARN COMPANY, and AHA Bolivia account for considerable market size, several regional level players are also operating across key growth regions, particularly in North America.

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More Insights into the Alpaca Fiber Market

The North American region is projected to lead the Alpaca fiber market by accounting for the maximum share in the global market. Attributing the accelerated popularity of alpaca fiber-based products and accessories amongst consumers is propelling the growth of the Alpaca fiber market.

The United States is accounting for the maximum share of the global Alpaca fiber market due to the rising number of retail outlets for these garments in the country. In addition to that, North America Alpaca Fiber Market is expected to expand at a 4% CAGR during the forecast period.

Asia has emerged as one of the leading regions in the Alpaca fiber market owing to the surge for stuffed and plush toys across the globe. A significant surge in the population with increased spending capabilities of the consumers is expected to drive demand for soft toys, which in turn is likely to have a positive impact on the industry growth.

There is a noticeable increase in consumer spending capabilities that are combined well with favorable weather conditions in the region which are spurring demand for alpaca fiber accessories, which in turn is expected to propel the growth of the Alpaca Fiber market during the forecast period.

Accelerated trends of sustainable and eco-friendly garments are raising stand of living for the majority of the people are some of the factors that are expected to augment the growth of the alpaca fiber market during the forecast period of 2022-2032.

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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 size of the global floor screeds market is anticipated to increase steadily between 2022 and 2032, with a CAGR of about 5%, exceeding a valuation of US$ 2.16 Bn by that year. A significant factor driving the need for floor screeds is the rapid global expansion of the building and construction industry.

Floor screeds typically are cementitious material made up of a 1:4:5 or 1:3 ratio of cement to sharp sand. These floor screeds have increasing applications in the solid in-situ precast concrete floor or concrete ground floor units.

Floor screeds are often confused with concrete as they are quite similar. Cement, water and aggregates are the important materials used in the formulation of floor screeds. Floor screeds are smooth, soil-like mixture made from cement and fine, sharp sand with fine aggregates.

The maximum grain size for dry screed is around 4 to 5mm. Floor screeds are most commonly used finishing material on internal floors, generally floor screeds are 50–100mm thick. Floor screeds offers smooth finish to the flooring.

There are various types of floor screeds used across the world. Bonded screeds, unbonded screeds, floating screeds and flowing screeds are the types of floor screeds. Bonded screeds are applied directly to concrete base, on the contrary unbonded screeds are applied to a water-resistant membrane that on top of the concrete.

Floating screeds are commonly used for underfloor heating systems, as floating screeds are applied onto insulating surface. Flowing screeds are also known liquid screeds. Industrial screed can be used for more heavy duty applications by using a more coarse aggregates.

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Floor Screeds Market: Dynamics

Continuously growing population and increasing urbanization has led to the escalated the growth of building & construction industries. Growth in construction industries and the development of infrastructure has in turn led to the substantial increase in the demand for construction materials including floor screeds.

Considering the future prospective, growth of construction industry will be driven by continuous development of infrastructure and increasing building & construction activities, which suggests that there will be growth in the usage of construction materials such as floor screeds. Increasing infrastructural and real-estate investment, and shifting trends towards the construction of more aesthetic buildings with superior interior will positively influence the global floor screeds market.

Increasing disposable income and changing preference for good quality of flooring is projected to augment the demand for the floor screeds market over the forthcoming years. The growth if middle class population and increasing housing & commercial spaces has brought the floor screeds market in a very lucrative position in the global market.

The global floor screeds market is anticipated to create substantial amount of revenue for all the market participants across the market value chain, thus creating lucrative CAGR (Compound Annual Growth Rate) in near future.

Floor Screeds Market: Regional Outlook

The construction & infrastructure industry in Asia Pacific is witnessing stable growth, owing to the rising urbanization and population in the region, supported by the increasing number of construction projects started by government, owing to which Asia Pacific can be considered as prominent market for floor screeds.

North America and the European region is mainly focused on the Infrastructural development therefore countries under these regions could be also be a potential market for floor screeds. Increasing industrialization and urbanization have led to the growth of the building & construction sector in Latin America and hence, the region is pegged to be a promising market for floor screeds, whereas Middle East is also focused on the development of infrastructure which makes it a potential growth market for floor screeds in the forthcoming period.

Floor Screeds Market: Key Participants

Longcliffe Quarries Ltd., Sika Group, Cemex UK, Munster Floor Screed, Base Concrete Company, EasyMix Concrete UK Ltd., Rapid Readymix Concrete Limited, Flowcrete Group Ltd., Premier Floor Screed, Tarmac, LKAB Minerals and PC Flooring Ltd among others.

The Floor screeds market research report presents a comprehensive assessment of the Floor screeds market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The Floor screeds market research report provides analysis and information according to Floor screeds market segments such as geographies, application and industry.

The Floor screeds Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Floor screeds market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Floor screeds market segments and geographies.

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Floor Screeds Market: Segmentation

The global floor screeds market can be segmented on the basis of its material type, screed type, screed thickness and end-use:

The global floor screeds market is segmented on the basis of material type:

• Cementitious screed
• Calcium sulphate screed
• Synthetic resin screed

The global floor screeds market is segmented on the basis of screed type:

• Bonded Screed
• Unbonded screed
• Floating Screed
• Flowing Screeds
• Heated Screeds

The global floor screeds market is segmented on the basis of floor thickness:

• Less than 30mm
• 30mm to 60mm
• Above 60mm

The global floor screeds market is segmented on the basis of end use:

• Residential
• Commercial
• Industrial

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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 Trimer Acid Market is anticipated to expand at a 4% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Increasing demand of adhesives & sealants and synthetic lubricants is driving the market of trimer acid.

Growing utilization of trimer acid in polymers and other chemical products is further expected to boost the consumption of trimer acid market. Hence, demand for trimer acid in construction industry is expected to drive sales in the coming decade.

The construction chemicals market has been experiencing significant growth, which in turn, is impacting the trimer acid market positively over the forecast period. Increasing government investments for infrastructural developments and construction spending across the globe is increasing the use of trimer acid.

Application of trimer acid in the manufacturing of paints & protective coatings in building and construction sector are anticipated to be major growth drivers. Additionally, surging trend of bio-based adhesives and lubricants is expected to further boost the sales of trimer acid.

However, environmental regulations pertaining to the use of chemically treated products and the concerns regarding rising prices of raw material is expected to be key factor hampering the growth of trimer acid market worldwide.

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Key Takeaways:

• In terms of application, coating segment in the global trimer acid market is dominating the market.
• Rising demand for high performance adhesives is expected to provide growth to the adhesives & sealants segment, registering considerable growth between 2022 and 2032.
• China and the U.S. is expected to be one of the key consumer in global trimer acid market owing to high presence of industries and raw materials suppliers in the country.
• Russia is expected to dominate the Europe timer acid market throughout the assessment period on the back of increasing application in construction industry.

Competitive Landscape         

Key market participants in the global trimer acid market profiled in the report includes Kraton Corporation, Liancheng baixin science and technology Co., Ltd, Alfa Chemical Corporation, Soofi Enterprises, Spectrum Chemical Mfg. Corp, Riteks, Croda lubricants, Fujian Zhongde Energy Co., Ltd., Univar USA, Inc., among others.

Key players operating in the global trimer acid market are focusing on increasing their production capacities to boost their market footprint especially in the emerging economies. Furthermore, market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network.

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Key Segments Profiled in the Global Trimer Acid Market

By Type:

• Standard Trimer Acid
• Distilled Trimer Acid
• Distilled & Hydrogenated Trimer Acid

By Application:

• Non-Reactive Polyamide Resin
  • Viscosity Modifiers
  • Corrosion Inhibitor
  • Reactive Polyamides Resin

By End Use:

• Adhesives & Sealants
• Drilling Fluid
• Printing Inks
• Surface Coatings

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• India
• SEAP
• Japan
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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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Sales in the global aviation fuel additives market are anticipated to increase at a 5.9% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent market analysis. The aviation fuel additives market is likely to be driven by the widespread consumption of aviation gasoline and jet fuel for commercial, business, and military aircraft.

Passengers are preferring air travel as compared to other modes owing to reduction in travelling time and comfort. Both freight activity and passenger demand are benefiting the aviation industry. These factors have led to a rise in the use of aviation fuel and fuel additives in the commercial aircraft sector. The demand for aviation fuel additives is further expected to rise due to significant advancements in military aircraft to reduce the weight and increase the efficiency.

As per FMI analysis, the market is expected to be dominated by East Asia. Backed by the aforementioned factors, the global aviation fuel additives market is projected to top US$ 1.5 Bn by 2032.

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“Increasing adoption of surveillance aircraft in the military sector, along with rising demand for sustainable aviation fuel (SAF) is anticipated to create opportunities for growth in the aviation fuel additives market,” says an FMI analyst.

Key Takeaways:

• By application, demand for aviation fuel additives in commercial aircraft is expected to surge at a 2% CAGR over the forecast period.
• Sales of aviation fuel additives in the U.S. are anticipated to increase at a 4% CAGR by 2032.
• China will emerge as an attractive aviation fuel additives market, accounting for about 68% of total sales in East Asia.
• India will account for a dominant share of the South Asia aviation fuel additives market over the assessment period.

Competitive Landscape         

Key players in the global aviation fuel additives include Afton Chemical Corporation, BASF SE, Dorf-Ketal Chemicals India Pvt. Ltd., Hammonds, Meridian Fuels, Nalco an Ecolab Company, and Shell Chemicals.

Leading players are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions, and collaborations to launch cost-effective, green technology-based, and effective fuel additives to reduce carbon emission. For instance:

• In September 2020, a contract for SAF in the British aviation sector was signed by Neste and Shell Aviation. Neste’s production know-how was intended to be paired with Shell Aviation’s capable fuel supply management through the deal.

More Insights into the Aviation Fuel Additives Market Report

In its latest report, FMI offers an unbiased analysis of the global aviation fuel additives market, providing historical data from 2017 to 2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on Additive Type (Anti-icing, Antioxidants, Corrosion Inhibitors, Antiknock, Metal Deactivators, and Others), By Fuel type (Avgas & Jet Fuel), and application (Commercial Flight (Passenger and Cargo Aircraft), Military Aircraft and Others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East & Africa).

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About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling, and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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