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Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low detection surfaces for semiconductors. Moreover, colloidal silica is used as a rough surface remover and as a polishing additive.

It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces. In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years.

Sales in the global colloidal silica market are slated to top US$ 252.0 Mn in 2022. With a favourable demand outlook, the market is projected to expand at a steady 3.9% CAGR, reaching US$ 342.3 Mn by 2030.

A significant portion of the revenue of the colloidal silica market is realized from the electronics & semiconductors industry. However, this industry is likely to witness a decline in the near term due to the coronavirus (COVID-19) pandemic that is spreading across the world.

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The onset of the pandemic has resulted in travel bans and isolations, uncertainties in the stock market, and massive disruption of the supply chain. As such, the pandemic would adversely impact the global electronics & semiconductor industry, and, in turn, hamper the growth of the global colloidal silica market.

“Colloidal silica is gaining prominence as a chemical excipient in the pharmaceutical sector for synthesizing tablets such as paracetamol and animal medicines. Players in the colloidal silica market targeting pharmaceutical applications will be better placed for outsized returns.”

Key Takeaways from Global Colloidal Silica Market Study

• Acidic colloidal silica would remain sought-after, owing to its increasing application in electronics and semiconductors.
• In terms of consumption, Europe and North America are prominent regions; countries such as Belgium, the US, the Netherlands, Spain, Germany, France, and Italy are prime consumers of colloidal silica.
• The electronics & semiconductor industry would be the key revenue generator in the colloidal silica market, while the paints & coatings industry is offering growth avenues.
• Top-line growth of the global chemical industry is expected to augur well for the colloidal silica market.
• Colloidal silica is extensively used for investment casting as a slurry on base coatings such as zircon flour, and zircon sand, thus, offering further impetus to market growth over the coming years.

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Competitive Landscape

Players such as Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., Ecolab Inc., Merck Global, and The Dow Chemical Company have invested strategically in the colloidal silica market in the recent past, suggesting that, major manufactures are keeping tabs on the market, as it holds a lot of potential in the coming years.

In addition, manufacturers such as Nouryon Holding BV and Evonik Industries AG are strategically increasing their market footprint by expanding their customer base in other regions. R&D, coupled with expansion of production capacity and footprint, remains the differentiating strategy followed by colloidal silica manufacturers to enhance productivity and capture new market opportunities.

East Asia to Offer Lucrative Growth Opportunities

East Asia is anticipated to hold a prominent share in the global colloidal silica market, owing to flourishing electronics and semiconductor industries in the region. Manufacturers are focusing on developing products as per end-use applications.

Colloidal silica is also significantly used in the production of water-based coatings. Manufactures are thus tapping this opportunity, given increasing preference to water-based solvents in the paints & coatings industry.

Colloidal Silica Market by Category

By Product Type:

• Alkaline Colloidal Silica
• Acidic Colloidal Silica
• Modified Colloidal Silica
• Ordinary Colloidal Silica

By Application:

• Pulp & Paper
• Metals & Metallurgy
• Electronics & Semiconductors
• Chemicals
• Paints & Coatings
• Building & Construction
• Textiles & Fabrics

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Looking for More Information?

The report on the colloidal silica market, published by Future Market Insights, brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030.

The study offers insightful information on the global colloidal silica market based on various categories – product type and application, across seven regions. This study highlights key players who are well-known market vendors, and have proven themselves as key shareholders in the global colloidal silica market.

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According to a recent Future Market Insights (FMI) study, the global oxalic acid market is expected to reach the valuation of US$ 1.19 Bn by 2028. Oxalic acid serves almost all major end-use industries, including water treatment chemicals, petrochemicals, pharmaceuticals, and others.

The industrial sector in Asia Pacific is growing at a substantial rate, thereby increasing the demand for oxalic acid in the region. Moreover, increasing concerns related to water treatment are expected to fuel the growth of the global oxalic acid in the foreseeable future.

The Potential Impact of COVID-19

The novel coronavirus outbreak has been sweeping across regions and the global economic order. In line with this, the oxalic acid market is expected to witness dip in value creation due to price volatility, short-term market uncertainties, and decreasing adoption in majority of key application areas.

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Travel restrictions imposed by governments worldwide will hamper the market growth, especially business activities that require face-to-face meetings. Furthermore, logistical hurdles will remain a challenge, considering short-term growth projection of the market.

“The global healthcare landscape is changing rapidly, and people are spending more on their health-related needs. Factors such as changing lifestyles, food habits, sleeping habits, etc., are contributing to this change. With people getting more health conscious, the demand for pharmaceuticals is increasing across the globe, in turn, leading to the high consumption of oxalic acid.”

List Of Key Players Covered in Oxalic Acid Market are:

• Mudanjiang Fengda Chemical Co., Ltd.
• Oxaquim
• Merck KGaA
• UBE Industries Ltd.
• Clariant International Limited
• Indian Oxalate Limited
• Shijiazhuang Taihe Chemical Co., Ltd.
• Spectrum Chemical Manufacturing Corp.
• Shandong Fengyuan Chemical Co., Ltd.
• Penta s.r.o

Key Takeaways of Oxalic Acid Market Study

• Increasing concerns regarding the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharma grade oxalic acid over the forecast period. Standard grade holds a prominent share of the oxalic acid market; however, this share is expected to decline over the forecast period.
• The market in Asia Pacific is significantly diverse in terms of customer base, innovations, and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to witness significant growth in the foreseeable future, and this is expected to propel the growth of the oxalic acid market.
• The oxalic acid market in Asia Pacific, including China, India, and Indonesia, is expected to gain traction in the foreseeable future, attributable to growing industrial activities and urbanization in the region.

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Market Landscape: Fairly Fragmented

The global oxalic acid market is fairly fragmented, owing to a number of players holding small shares in the market space. The top ten established players account for more than half of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and government entities.

What Does the Future Hold?

The global oxalic acid market is expected to grow at a moderate rate over the forecast period, on account of its increasing demand in the petrochemical industry in developing countries. Moreover, increasing awareness about the sterilization of medical equipment, in both, developed and developing countries, is further expected to fuel the growth in the market. Increasing awareness in these countries will help increase the adoption of the product in the foreseeable future.

Want to Know More?

Future Market Insights has published a market research report on the oxalic acid market that contains global industry analysis of 2013-2021 and opportunity assessment for 2022–2028. The report provides insightful analysis of the oxalic acid market through four different segments – grade, application, end use, and region.

The oxalic acid market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour 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 ammonium phosphate market in Europe and North America is projected to witness relatively moderate growth during the forecast period. Stringent regulatory norms regarding the use of inorganic fertilizers are hindering the growth of ammonium phosphate market in the region. The primary focus of manufacturers in these two regions is on the use of organic fertilizers.

Rising population in Asia Pacific has led to an upheaval in demand for fertilizers in the region. Majority of the demand for ammonium phosphate will be generated from countries such as India and China. Moreover, proliferation of fertilizer plants in the region is supplementing the growth of ammonium phosphate market.

The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.

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Key Takeaways of Ammonium Phosphate Market Study

• Fertilizers industry accounts for substantial ammonium phosphate demand.
• Rising uptake of ammonium phosphate in fire extinguishers is propelling the market growth.
• Gains in ammonium phosphate market to remain consolidated in Asia Pacific.
• Europe and North America ammonium phosphate market will witness modest growth through 2029.
• Demand for organic fertilizers will limit the growth of ammonium phosphate market in developed regions.

Major stakeholders in ammonium phosphate must renew their focus towards Asia Pacific market which continues to remain the growth epicentre on account of heightened demand for fertilizers.

Demand for Mono-ammonium Phosphate to Remain Rampant in Fertilizers

Mono-ammonium Phosphate (MAP) is a chief component of granular fertilizer. The pH regulation and water solubility are two most sought-after attributes of MAP. Farmers continue to prefer ammonium phosphate for sustained and healthy growth of plants. The augmented demand for MAP in high-pH soils is particularly fuelling the market.

In suspension fertilizers, ammonium phosphate is used in powdered form. Moreover, MAP has good handling and storage properties which are boosting its demand among consumers. However, the ongoing debate over the potential environmental impact of ammonium phosphate based fertilizers is limiting the market growth.

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Asia Pacific Acquires 32.6% Revenue Share in Ammonium Phosphate Market

Demand upsurge for fertilizers owing to increasing population is boosting the ammonium phosphate market in Asia Pacific. The predominant markets for ammonium phosphate are China and India. On that premise, Asia Pacific constitutes approximately 32.6% revenue share in ammonium phosphate market.

On the other hand, consumers in Europe and North America have growing inclination towards organic fertilizers. The ammonium phosphate market growth in these two regions will be relatively sluggish on that account. Moreover, stricter environmental norms in developed economies will hamper the growth of regional ammonium phosphate market.

Geographic Expansion Remains Chief Strategic Tenet of Global Players

The competitive landscape of ammonium phosphate market is consolidated in nature at the global level. However, in certain regions, it remains fragmented with proliferation of SMEs. Key manufacturers featured in this study include, but are not limited to, are OCP SA, Wengfu Group, Yara International ASA, Solvay S.A., Coromandel International Ltd., Lanxess AG, Nutrien Ltd., Jordan Phosphate Mines Company, and Haifa Group.

Premier companies in ammonium phosphate market are focused on geographic and operational expansion for greater market foothold. However, the demand for inorganic fertilizers continues to stagnate in developed economies. Manufacturers thus need to divert their resources towards Asia Pacific market where use of ammonium phosphate based fertilizers is still prevalent.

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Ammonium Phosphate Market: Segmentation

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

Product Type

• Mono-ammonium Phosphate (MAP)
• Di-ammonium Phosphate (DAP)
• Ammonium Polyphosphate

Application

• Fertilizers
• Fire Extinguishers
• Food & Beverages
• Water Treatment Chemicals
• Detergents & Soaps

More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global ammonium phosphate market. The major categories encompassed by the report include product type (mono-ammonium phosphate, di-ammonium phosphate, and ammonium polyphosphate), application (fertilizers, food & beverages, fire extinguishers, detergents & soaps, and water treatment chemicals) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

About Future Market Insights (FMI)

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

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Global polyvinyl chloride (PVC) market is pegged at a steady CAGR of 4.2% through the course of projection period (2019-2029). While construction remains prominent end-use segment, pharmaceuticals will witness increased uptake of PVC for production of medical devices. In view of PVC’s environmental implications, R&D activities are projected to accelerate through 2029.

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Key Takeaways of the Market Study

• Pipes & fittings will remain the leading end-use category.
• Rising infrastructural activities in emerging countries is steering the demand for PVC.
• Rigid form of PVC to remain preferred variant through 2029 owing to diverse applications such as automotive and construction.
• Attributes such as high corrosion resistance, endurance and durability are complementing the market growth.
• Manufacturers continue to tap opportunities in PVC alternatives to fortify their market hegemony.
• Gains in global market would remain concentrated in Asia Pacific.
• The US market is set to register double-digit CAGR during the forecast period.
• Fluctuation in raw material prices would continue to be a major roadblock for PVC market growth.

Premier companies in the PVC space must undertake R&D and expansion projects to deliver five key performance criteria as opined by consumers – innovation, communication, quality, performance and regulatory compliance.

Asia Pacific Procures More than 61% Market Share

Use of PVC in wide spectrum of end-use industries such as manufacturing, automotive and construction is hurtling the Asia Pacific market. Emerging countries such as China, Indonesia, Vietnam and India will augment the demand for PVC through 2029. Therefore, Asia Pacific accounts for majority share in PVC market on the back of rapid industrialization.

On the other hand, consumers in developed markets such as the United States have greater economic wealth. This is a key driver fuelling the rise of PVC alternatives such as high-density polyethylene (HDPE). Such recyclable substitutes of PVC are increasingly being favored by consumers and manufacturers alike.

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Innovation to Remain Crucial Strategic Tenet of Leading PVC Producers

Key players profiled in this FMI study, include but are not limited to, Arkema S.A., Ineos Chlorvinyls Ltd., BASF SE, Chinyang Chemical Co. Ltd., Saudi Plastic Products Company Ltd., Formosa Plastics Corporation, Premier Polyfilm Ltd., The Chemical Company, and Occidental Petroleum Corporation.

Competitive leadership in global market will be determined by product innovation and sustainability efforts during 2019-2029. For instance, INOVYN was voted by consumers for ‘Best Polymer Producers Awards for Europe 2017’. The company announced its plans for expanding its operations in Norway (2018).

Polyvinyl Chloride (PVC) Market Segmentation

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

By Type

• Rigid
• Flexible

By End Use

• Construction
• Electrical Cables
• Transportation
• Packaging

By Application

• Pipes & Fittings
• Films & Sheets
• Cables
• Pastes
• Profiles

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More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global polyvinyl chloride market. The major categories encompassed by the report include application (pastes, cables, pipes & fittings, films & sheets, and profiles), end-use (packaging, electrical cables, construction, and transportation), type (rigid and flexible) across five regions (Asia Pacific, Europe, Latin America, North America, 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 favour 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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A comprehensive analysis on the Soda Ash Market by 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.

Pegged at a steady CAGR, global revenue of soda ash market is set to US$ 25,285.6 Mn in 2029. The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.

Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products.

It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.

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Key Takeaways of Soda Ash Market Study

• Glass & ceramics hold a majority share in the global soda ash market.
• Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
• Sustainability would remain key strategic focus of market leaders through 2029.
• Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
• Continued usage of cost-effective alternatives such as aluminum and plastics are set to restrict widespread adoption of glass in packaging industry.

Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.

Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029

Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth through 2029.

The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.

Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership

The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA.

Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.

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Global Soda Ash Market By Category

By Density, the Global Soda Ash Market is segmented as:

• Light
• Dense

By End Use, the Global Soda Ash Market is segmented as:

• Glass & Ceramics
• Soaps & Detergents
• Paper & Pulp
• Metallurgy
• Chemicals
• Water Treatment
• Others

By Region, the Global Soda Ash Market is segmented as:

• North America
• Latin America
• Europe
• SEA & Pacific
• China
• Japan
• India
• MEA

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Know More About the Report

FMI’s study offers an in-depth market forecast and analysis on the soda ash market. The major categories encompassed by the report include density (light and dense), end-use (water treatment, chemicals, metallurgy, paper & pulp, soaps & detergents, glass & ceramics) across five regions (North America, Latin America, Europe, 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 favour 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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Waste-derived pyrolysis oil contributes towards waste reduction, is an excellent fuel and energy source, and can be used to extract other petroleum products. As a result, the global waste-derived pyrolysis oil market is projected to reach a value close to US$ 500 Mn in a decade, expanding at a moderate CAGR during the forecast period of 2022-2029.

Increasing demand from several end-use industries has resulted in fluctuating oil prices in recent years. Oscillating oil prices have forced end users to look for alternative means to fulfil their fuel needs. Pyrolysis oil production utilizes different types of waste to produce oil, which can be used as diesel, gasoline, and automotive fuel, among others.

How Increasing scope of Waste-Derived Pyrolysis Oil as conventional fuel to boost the Market?

The power generation and chemical industry has established stability regardless of the adversities in the market. Investments in energy, steam and power are increasing in the current scenario. While spending on power as source of energy is sizeable, crude oil pricing have increased further. Increasing demand for steam and power in large scale for process industries across the globe are expected to drive steady demand for unrefined and refined pyrolysis oil derived from waste.

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Key Takeaways of Waste-derived Pyrolysis Oil Market Study

• The fast pyrolysis process is practiced on a larger scale by multiple manufacturers; hence, it is expected to sustain its prominence over the forecast period.
• Biomass, as a source, is easier to crack, and is also a very popular raw material in regions such as Europe, East Asia, and South Asia.
• The waste-derived pyrolysis oil market is still in its nascent stage; however, it holds a lot of promise. End uses such as heat & power for energy production through boilers, turbines, and engines are expected to hold higher market share over the forecast period.
• Waste-derived pyrolysis oil also has prominent application in food aromas, plant protectors, or growth enhancers in the food flavoring segment.
• East Asia, Europe, and North America are expected to be prominent regional markets over the forecast period, owing to the presence of a large number of tier II & III players in East Asia, and tier I players in Europe and North America.

Market Landscape Moving Towards Fragmentation

The waste-derived pyrolysis oil market is fairly consolidated, as a few players have the capability of extensive R&D as well as production capacity. Key tier I manufacturers such as Agilyx, Inc., Enerkem, and Ensyn are opting for growth strategies such as collaborations, joint ventures, and other inorganic growth strategies, along with product development. However, the high emergence of new players is expected in the coming years, owing to the inexpensive set-up of pyrolysis units as well as yearly incrementing oil prices.

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Alternative Usage of Waste-Derived Pyrolysis Oil Compounds in Various Industrial Applications to boost the Market?

In accordance with the  trend of sustainability, manufacturers are focusing on the utilization and upgradation of manufacturing techniques to enable the manufacture of environment-friendly  form of energy. As a result, the business for natural and eco-friendly waste-derived pyrolysis oil is expected to remain highly attractive over the coming years.

What Does the Future Hold?

In the coming years, with the purchasing power of customers increasing in developing regions, the demand for waste-derived pyrolysis oil is also anticipated to rise. Demand for green technology, low carbon footprint, as well as cost-effective and energy-efficient materials from the heat & power generation industry is going to be a major driving force for the waste-derived pyrolysis oil market.

Introduction of new applications such as food aromas and plant protection is knocking on the opportunity door for the waste-derived pyrolysis oil market, which is anticipated to experience steady growth.

Want to Know More?

Future Market Insights has published a market research report on the waste-derived pyrolysis oil market that contains global industry analysis of 2014–2021 and opportunity assessment for 2022–2029.

The report provides insightful analysis of the waste-derived pyrolysis oil market through five different segments – fuel type, pyrolysis process, source, end use, and region. The waste-derived pyrolysis oil market report also talks about the demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

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Waste-derived pyrolysis oil Market by Category

By Material: 

• Unrefined
• Refined
  • Diesel
  • Petrol/Gasoline
  • Fuel oil
  • Others

By Pyrolysis Process:

• Fast
• Flash
• Others

By Source:

• Plastic
• Rubber
• Biomass

By End Use:

• Heat & Power
• Automotive Fuel
• Bio Refineries
• Food Flavouring

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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FMI delivers key insights on the global electric vehicle battery market in its latest report titled “Electric Vehicle Battery Market: Global Industry Analysis and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric vehicle battery market remains positive with the market value expected to increase at a CAGR of 8.5% during the forecast period (2017-2027). Among battery types, the lithium ion battery segment in the electric vehicle battery market is expected to expand at a CAGR of more than 9% in terms of value over the forecast period. The global electric vehicle battery market for passenger cars is estimated to be valued at US$ 31.7Bn by the end of 2027.  APEJ is estimated to account for a value share of 24% in the global electric vehicle battery market by the end of 2017, and is expected to dominate the market during the forecast period as well. In this report, FMI throws light on the drivers and restraints likely to impact the electric vehicle battery market during this period.

Growing Demand for Electric Vehicles and Advancements in Battery Technology Expected to Drive the Electric Vehicle Battery Market

In the current scenario pertaining to the automotive industry, improvements have been witnessed in the demand for vehicles run by some form of electric power, such as HEV, PHEV and BEV, with a higher working range. This demand from the end users has compelled traction battery manufacturers to focus more on increasing the energy density, which can provide a high travelling range. In addition, the demand for electric vehicles has also encouraged battery manufacturers to expand their production capacity, which also helps them maintain economies of scale and bring down their operational cost, thus decreasing the price of electric batteries. Moreover, the new technology battery has also decreased the per kilometer running cost of vehicles, which is encouraging the general population to change their preference from IC engine-driven vehicles to battery-driven vehicles.

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Electric Vehicle Battery Market: Segmentation Analysis

The electric vehicle battery market is segmented on the basis of battery type, battery capacity, vehicle type, and vehicle technology.

• Lithium ion battery is expected to continue to dominate the market in terms of volume and value over the forecast period. The lithium ion battery sub-segment of the electric vehicle battery market is estimated to grow at a significant CAGR of 9.4% over the forecast period. It is expected to represent a total incremental opportunity of US$ 13.8 Bn between 2017 and 2027 in the electric vehicle battery market. The nickel hydride battery is projected to grow at a relatively low CAGR as compared to the lithium ion battery over the forecast period
• Hybrid electric vehicles are projected to be the most prominent vehicle technology in the electric vehicle battery market. The hybrid electric vehicle segment is estimated to grow at a significant CAGR in terms of value over the forecast period in the electric vehicle battery market
• The passenger car segment is the most prominent vehicle type segment in the electric vehicle battery market. It is estimated to hold more than 80% of the electric vehicle battery market.

Electric Vehicle Battery Market: Regional Market Projections

The electric vehicle battery market in Asia Pacific Excluding Japan (APEJ) is expected to represent a significantly high incremental opportunity between 2017 and 2027. The electric vehicle battery market in APEJ is expected to represent a total incremental opportunity of US$ 6.9 Bn between 2017 and 2027.

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Electric Vehicle Battery Market: Participants

This report highlights some of the top companies operating in the electric vehicle battery market, which include Automotive Energy Supply Corporation; Panasonic Corporation; BYD Company Limited; GS Yuasa Corporation; LG Chem Ltd.; Samsung SDI Co., Ltd.; Tesla Motors, Inc.; Hitachi Chemical Company, Ltd.; Narada Power Source Co. Ltd.; Johnson Controls International Plc.; Tianneng Power International Co., Ltd.; Crown Battery Corporation; Furukawa Electric Co., Ltd.; EnerSys, Wanxiang Group Corporation; East Penn Manufacturing Co.; Toshiba Corporation and Leoch International Technology Ltd., among others.

Key segments covered in electric vehicle battery market report

On the basis of battery capacity, the electric vehicle battery market can be segmented into:

• Less than 20 kWh
• 21-40 kWh
• More than 41 kWh

On the basis of vehicle technology, the electric vehicle battery market can be segmented into:

• HEV
• PHEV
• BEV

On the basis of vehicle type, the electric vehicle battery market can be segmented into:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

On the basis of battery type, the electric vehicle battery market can be segmented into:

• Lithium Ion
• Lead Acid
• Nickel Hydride
• Others

On the basis of region, the electric vehicle battery market can be segmented into:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa (MEA)

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Additional questions answered

The report also provides answers to other important questions related to electric vehicle battery market, such as –

• Why sales of electric Lithium Ion electric vehicle battery are outpacing other types of electric vehicle battery?
• How many units of less than 20 kWh electric vehicle battery will be sold by 2027-end?
• Which vehicle type will hold largest volume share of the electric vehicle battery market?
• By what rate is hybrid electric vehicle battery sale is growing during the forecast period?
• What will be the growth rate of electric vehicle battery market in APEJ?

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Sales of vapour barriers are projected to witness steady rise in the following years, prominently propelled by sustained consumption by the building & construction industry. As suggested by a new Future Market Insights (FMI) report, global vapour barrier market will exhibit a CAGR of around 4% during the forecast period of 2022-2029.

Water condensation can damage the sturdiest of constructions, which is why vapour barriers hold significant importance, as they offer complete insulation from vapour and moisture to building structures. Use of vapour barriers also allows for optimum efficiency of a space conditioning system, thereby fueling their demand across the construction industry.

Heavy usage of vapour barriers in commercial and residential buildings to prevent moisture damage to infrastructure is anticipated to be the primary growth driver. However, increasing utilization of vapour barriers in the packaging industry to prevent moisture damage and interstitial condensation in packed goods opens new growth avenues for industry players.

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Key Takeaways – Vapour Barrier Market Study

• Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
• Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
• Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
• To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.

How is Vapour Barrier Market Structure Defined?

The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.

More About What the Report Covers

Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market.

The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).

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Alternative Usage Of Vapour Barrier Compounds In Various Industrial Applications

In accordance with the  trend of sustainability, manufacturers are focusing on the utilization and up gradation of manufacturing techniques to enable the manufacture of environment-friendly insulating materials. As a result, the business for natural and eco-friendly insulation materials is expected to remain highly attractive over the coming years.

Cellulose based insulation materials are now being commonly manufactured utilizing recycled newsprint, certain forms of waste papers, and from cardboard. These materials have high recycled efficiency. Furthermore, key players have been developing environment friendly innovative solution of spray foam insulation that can also reduce carbon emission. These spray foam insulation are being manufactured from non-HCFC gas.

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 favour 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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Increasing demand for high-performance lubricants with optimum viscosity has been a vital factor pushing consumption of viscosity index improvers. Although the global market for viscosity index improvers has been projected to exceed the US$ 5 Bn mark by 2029 end, the overall growth outlook would remain sluggish.

Consistently soaring consumption of vehicle lubricants such as engine oil, transmission fluids, and break oil by OEMs and aftermarket operators will continue to significantly contribute to the growth of viscosity index improvers market.

Viscosity Index Improvers Market​ Key Takeaways

• The demand for lubricants is estimated to reach 40 Mn Tons by the end of 2022.
• The penetration of high performance lubricants in automotive as well as industrial sectors is increasing with growing focus on lubrication for performance efficiency of industrial machinery and automotive components.
• Increasing labelling initiatives have propelled the demand for ISO-grade viscosity lubricants. High-quality lubricants have optimum viscosity, offer corrosion protection, and ensure oxidative stability.
• Major companies are focused on the development of bio-preferred or bio-based products, which are compliant with the changing regulatory scenario. For instance, Croda International Plc is developing ester-based viscosity index improvers, which are bio-preferred.
• High regulatory standards laid down by organizations such as NHTSA & EPA, and growing emphasis on fuel economy have made the usage of viscosity index improvers crucial.
• Viscosity index improvers are commonly used in multi-grade engine oils. Increased adoption of high-performance engines has boosted the demand for high-quality engine oils with appropriate viscosity, which in turn, is positively impacting the growth of the viscosity index improvers market.
• Other industries such as marine, railways, energy & power generation/transmission equipment are also increasing the demand of high-quality lubricants, thus propelling the growth of viscosity index improvers market.

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The viscosity index improvers market is witnessing a paradigm shift in terms of innovation and manufacturing, from traditional synthetic products to bio-based or bio-preferred products that are in compliance with regulatory framework. This transition, along with production cost optimization, will drive substantial demand for the product in automotive as well as non-automotive applications.

Viscosity Index Improvers Market: Competition Landscape

According to FMI analysis, the global viscosity index improvers market is moderately consolidated with key market players such as Infenium International Limited, Chevron Oronite LLC, Afton Chemical Corporation, The Lubrizol Corporation, Evonik Industries AG, and Mitsui Chemicals accounting for a significant share in the global market. Leading market players are strategically engaging in the development of close working relations with lubricant manufacturers for ensuring long-term supply contracts.

Changing Regulatory Scenario Encourages Advancements in Lubrication Technology

The demand for viscosity index improvers is directly proportional to the production rate of lubricants. Changing regulatory scenario and imposition of emission standards have led to the development of high-quality lubricants, which has increased the penetration of lubricant additives such as viscosity index improvers. Development of new customized product variants for target applications along with existing products gives a competitive edge to manufacturers.

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What the Report Offers

In its newest market study, Future Market Insights provides decisive analysis on the global viscosity index improvers market and provides significant insights through schematized market research. The report offers in-depth market study of the historical performance from 2014 to 2021, along with forecast statistics for 2022 to 2029.

The market study offers comprehensive insights on various aspects of viscosity index improvers market based on product type (Polymethylacrylates, Ethylene Propylene Copolymers, Polyisobutylene, Hydostyrene Diene Copolymer, Others) and application (vehicle lubricants, industrial lubricants, transmission fluids) across the seven regions.

Viscosity Index Improvers Market By Category

By Product Type:

• Polymethacrylate (PMA)
• Ethylene Propylene Copolymer (OCP)
• Hydrostyrene Diene Copolymer (HSD)
• Polyisobutylene (PIB)
• Others

By Application:

• Vehicle Lubricants
• Industrial Lubricants
• Transmission Fluids

By Region:

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

Competitive Landscape

To meet the increasing demand for viscosity index improvers, manufacturers have shifted their focus to emerging regions in recent years. Several key players are also focusing on increasing their production capacities, new product launches, R & D, and mergers and acquisitions.

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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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us

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