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The global oilfield production chemicals market is driven by the increasing demand from the oil and gas industry. The production of crude oil in some regions has reported steady growth in the recent years and owing to this, the demand for oilfield production chemicals is expected to remain high in the near future.

Future Market Insights published market report titled “Oilfield Production Chemicals Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028” examines the oilfield production chemicals market and offers crucial market insights for the next ten years. According to Future Market Insights analysis, the global sales of oilfield production chemicals is estimated to be valued at US$ 2.4 Bn by the end of 2018 and is expected to register a 4.0% CAGR over the period of 2018–2028.

This report divulges the demand for oilfield production chemicals and its break-up on the basis of different types and applications.

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The climatic conditions of crude oil producing regions are also expected to have an impact on the growth of oilfield production chemicals, such as hydrate inhibitors, in the coming years. Offshore oil production practices are expected to register steady growth, which in turn is expected to boost the sales of oilfield production chemicals such as demulsifiers in the coming years.

Moreover, crude oil manufacturers are focused on the exploration of oil and gas in order to add to the existing production capacities of crude oil. The discovery of new reserves of oil and gas is expected to drive the sales of oilfield production chemicals in the coming years.

Global Oilfield Production Chemicals Market: Segmentation Analysis

The market insights suggest that the global oilfield production chemicals market is dominated by the production methods application segment. Production methods are directly connected to the production of crude oil. Methods such as enhanced oil recovery, water injection and hydraulic fracturing used in crude oil production witness higher demand for oilfield production chemicals.

Increasing crude oil production is expected to boost production activities in oilfields, which in turn is expected to create a platform for the demand of oilfield production chemicals.

The discovery of new reserves of oil is considered to be another factor responsible for the growth of oilfield production chemicals demand in the production methods application segment.

Global Oilfield Production Chemicals Market: Regional Market Projections

On the basis of region/country, the Middle East & Africa region is anticipated to dominate the global oilfield production chemicals market throughout the forecast period. The oilfield production chemicals market in the Middle East & Africa region is expected to expand with a CAGR of 3.9% during the forecast period.

However, the demand in the Middle East and Africa region is met by the oilfield production chemicals manufactured in the domestic as well as the global market, which is expected to provide a

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lucrative opportunity for the penetration and oilfield production chemicals sales of manufacturers from other regions.

Moreover, Latin America is expected to expand with the highest CAGR in the global oilfield production chemicals market during the forecast period. Oil producing countries such as Brazil and Venezuela are expected to drive the demand for oilfield production chemicals in Latin America.

North America and Eastern Europe, with their high oil production capacities, are expected to witness steady growth in sales in the coming years.

Other regions/countries such as South East Asia, Western Europe, China and India are expected to grow marginally in terms of oilfield production chemicals demand over the forecast period.

Global Oilfield Production Chemicals Market: Competitive Landscape

Some of the players reported in this study on the global oilfield production chemicals market include Baker Hughes, Ecolab Inc., Schlumberger Limited, Halliburton Company, BASF SE, Solvay SA, Akzo Nobel N.V., Clariant AG, Arkema SA, Huntsman Corporation, DowDuPont Inc., Albemarle Corporation, Weatherford International, Mazrui international LLC, Stepan Company, Hexion Inc. and Connel Bros Co. LLC, among others.

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FMI presents detailed analysis and delivers key insights on the global controlled and slow release fertilizers market in its latest report titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028’. The long-term outlook on the global controlled and slow release fertilizers market is positive with the controlled and slow release fertilizers market pegged at a value of US$ 4,791 Mn in 2018.

It is expected to reach US$ 10,222.4 Mn by 2028 end, growing at a value CAGR of 9.1%. Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

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Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period. The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

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Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

• On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
• The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among others.

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Global lining market prospects are likely to be significantly influenced by the increasing investments in oil and gas exploration activities and augmenting production capacities of refineries. Moreover, surging demand for trade through marine ports coupled with growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of global lining market.

The global lining market is estimated to be valued at US$ 3,958.7 Mn by 2018 end. Expanding at a modest CAGR of 3.9%, the global lining market is anticipated to reach a valuation of US$ 5,820.8 Mn, over the forecast period of 2018-2028, as per a recent study by Future Market Insights.

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Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

Marine routes are major conveyance option for goods in the form of containers, dry and liquid bulk and roll on-roll off (Ro-Ro) type of cargos. Cost effective transfer of heavy and bulk materials in a single go fueling marine trade. Shipbuilding, too is contributing to the growth of global lining market.

Availability of all necessary resources in Asia Pacific is found to be a key factor responsible for the growth of the shipbuilding industry in the region. Moreover, low labor cost and indulgent legislations are accelerating the shipbuilding industry, further pushing the demand for marine linings over the forecast period.

Key Segments Covered

The linings market is segmented as given below:

By Product Type:

• Polymer
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Fluoropolymer
  • Vinyl Ester & Flake-Filled Ester
• Rubber
• Ceramic & Carbon Brick Line
• Tile Lining

By Chemistry:

• Solvent borne
• Waterborne
• Powder

By End Use:

• Marine
• Oil & Gas
• Construction
• Power Generation
• Chemical Industry
• Automotive
• Mining and Metal Processing
• Others

Polymer Lining to Remain Most Preferred Across Industries Through 2028; Demand for Eco-Friendly Products to Induce Novelties in Lining Market

Segmented into polymer lining, rubber lining, ceramic and carbon brick lining, and tile lining, the global lining market will witness significant revenue contribution from the polymer lining variant. The polymer lining segment is projected to hold a dominant share in terms of both market value and CAGR index. Growing demand for linings across the globe as well as environmental regulations in developed regions are the major factors driving the lining market.

Moreover, increasing demand from marine, oil and gas, automotive, and chemicals industries is likely to drive the adoption of polymer lining in the global lining market. Epoxy resins are likely to dominant the global polymer lining market, owing to its excellent resistance to numerous chemicals couple with other technological advancements.

Although solvent borne linings are likely to hold a significant share of the global lining market, considering increasing adoption of ecofriendly lining products in developed countries would propel the adoption of waterborne and powder linings.

Stringent Government regulations and adoption of lining products with low-VOC content are key factors pushing the demand for waterborne and powder linings. Manufacturers in the global linings market are constantly investing in R&D activities to introduce new products and technologies for product differentiation, further driving the lining market.

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However, volatile prices of raw materials including epoxy and polyurethane and stringent government directives regarding VOC emissions across various regions are key restrainers impacting the overall growth of global lining market.

China followed by Western Europe and North America, are likely to showcase increased adoption of linings. Fast-paced industrial growth in China is significantly contributing to sales of lining products in the region, which is expected to hold nearly 35% of the market, by 2028.

Major global suppliers of linings are channelizing efforts towards developing partnerships with end users in order to better address the demand for specific requirements. Product customization is likely to remain a key differentiation strategy among key manufacturers in the global lining market.

Top players in the global linings market are The Sherwin Williams Company, PPG Industries, Inc, Akzo Nobel N.V., Hempel A/S, The Jotun Group, Solvay SA, Teknos Group, and STEULER-KCH GmBH.

About FMI

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Future Market Insights delivers key insights on the global zeolite for detergents market in its latest report titled ‘Zeolite for Detergents Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’. The long-term outlook of the global zeolite for detergents market remains positive with the market value expected to increase at a CAGR of 2.7% during the forecast period (2022 – 2028).

Among product type segments, the Zeolite A segment is expected to expand at a significant CAGR in terms of value and volume over the forecast period. The global sales of zeolite for detergents is estimated to be valued at US$ 1,494.9 Mn by the end of 2022.

North America is estimated to account for a value share of 24.7% in the global zeolite for detergents market by 2022 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on drivers and restraints likely to impact the market during this period.

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Zeolite for Detergents Market: Dynamics Influencing Revenue Growth

Increasing demand for powder and liquid detergents across the globe is the key driving factor for the growth of the zeolite for detergents market. Moreover, restrictions or limitations on the use of phosphate compounds in detergents across the globe result in an increase in the demand for zeolites as alternative materials.

Further, with growing economic prosperity, rising disposable income and increasing purchasing power, the demand for personal care and home care products is increased in developing countries. This increasing demand will in turn help drive raw material markets such as zeolite, surfactant, and additive, among other.

Further, increasing demand for and consumption of eco-friendly alternative products across the globe provide impetus for the growth of the zeolite for detergents market. Further, several zeolites manufacturers are focusing on providing customized product offerings in order to gain a competitive edge over other players.

Zeolite for Detergents Market: Segmentation Analysis

The zeolite for detergents market can be segmented on the basis of product type as Zeolite A, Zeolite P and Zeolite X & AX.

• On the basis of product type, the zeolite A segment is estimated to dominate the market in terms of value over the forecast period
• The Zeolite X and AX segment is estimated to grow with a significant CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 52 Mn between 2022 and 2028

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Zeolite for Detergents Market: Regional Market Projections

North America is expected to dominate the market with a 24.7% market share in terms of revenue in the global zeolite for detergents market by the end of 2022. After North America, Western Europe is expected to account for a dominant revenue share in the global zeolite for detergents market through 2028.

The China market is projected to hold a significant market share in terms of value in the global zeolite for detergents market over the forecast period, exhibiting a CAGR of 3.0%.

Zeolite for Detergents Market: Vendor Insights

Some of the players reported in this study on the global zeolite for detergents market are PQ Group Holdings Inc., Chalco Shandong Advanced Material Co. Ltd, National Aluminium Company Limited, Anten Chemical Co. Ltd., Silkem d.o.o., IQE Group, Gujarat Credo Mineral Industries Ltd., Sachem Inc., Huiying Chemical Industry (Xiamen) Co. Ltd., Manek Group (Manek Mineral), Kunjan Silicate Pvt. Ltd., Fujian Risheng Chemical Co. Ltd., Guangzhou Hengbang Fine Chemical Co. Ltd., Huiying Chemical Industry (Quanzhou) Co. Ltd., and Luoyang Jianlong Chemical Industrial Co. Ltd., among others.

What was the Impact of COVID-19 Crisis on Zeolite for Detergent Business?

Covid-19 pandemic had put a dent on the chemical industry, which is expected to get the recovery in second half of 2021. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of zeolite for detergent.

However, the pandemic led to the products used in households soaring high. Zeolite for detergent was increasingly used in households in the pandemic as a replacement to phosphate type builders.

As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects for detergent zeolite. Increasing prospects of zeolite A for use in detergents as a detergent builder are also expected to boost demand for the zeolites in the forthcoming years.

About FMI

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Future Market Insights newly published market report, “Fiberglass (Glass Fiber) Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,” examines the Fiberglass (Glass Fiber) Market and offers crucial market insights for the next ten years.

According to the global fiberglass (glass fiber) market report, the rovings segment by product type is expected to dominate the overall market accounting for over 57% revenue share by 2028-end.

The fiberglass (glass fiber) market is expected to register a CAGR of 4.3 % during the forecast period (2022 – 2028). The global fiberglass (glass fiber) market is expected to expand at a CAGR of 4.3 %, accounting for US$ 13.1 Bn by the end of 2028.

Global Fiberglass (Glass Fiber) Market Dynamics  

With the growing need for developing walls, doors, windows, and roofs, demand for fiberglass is likely to remain high in the construction industry. Glass fiber is also used as a composite in the construction industry. Manufacturers are utilizing GFRC (glass fiber reinforced concrete), which contains hydrated cement, glass fibers and sand for diverse construction purposes.

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Incorporation of the fiberglass enables manufacturers to integrate robust features such as anti-corrosiveness, high compressive strength, tensile strength and lightweight. In addition, manufacturers prefer utilizing fiberglass pertaining to the low maintenance cost and erosion. On the account of these factors, growth of the global market is expected to remain positive over the coming years.

Further, growing number of construction projects in various developing countries such as India, Brazil, and China have led manufacturers to invest in fiberglass as an effective insulation component. As fiberglass continues to remain a cheaper alternative for insulation in the construction industry, the global fiberglass (glass fiber) market is likely to witness a significant growth during the forecast period

However, increasing instances of health hazards such as rashes on the skin, irritation in eyes and stomach and soreness in throat and lungs among workers and constructors due to fiberglass have posed challenges to the market growth. As the small glass fibers have the ability to reach the lower parts of internal organs such as stomach, lungs, and skin, risks related to adverse health effects continue to persist.

Due to the adverse health effects of fiberglass, manufacturers are looking out for cheaper and safe alternatives. Based on these factors, growth of the global fiberglass (glass fiber) market is likely to face headwinds during the forecast period

Major players identified in the fiberglass (glass fiber) market are focusing on increasing their production capacities and acquisition to enhance their operational efficiency, and product portfolio. Also, strategic collaboration and joint venture witnessed among leading market players are likely to improve sales and distribution network. Due to these factors, growth of the global market is expected to gain speedy momentum during the forecast period.

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Global Fiberglass (Glass Fiber) Market Forecast

On the basis of glass type segment, the E-class glass type segment is anticipated to be a leading revenue contributor in the fiberglass (glass fiber) market. The segment is estimated to lead the overall fiberglass (glass fiber) market, accounting for an estimated share of almost 86% in terms of volume in 2021. Further, this segment is expected to register a CAGR of 4.1% over the forecast period.

On the basis of regions, China is anticipated to dominate the global fiberglass (glass fiber) market throughout the forecast period in terms of growth. The China fiberglass (glass fiber) market is expected to expand at a CAGR of 5.0 % during the forecast period.

Also, the North America fiberglass (glass fiber) market is anticipated to register a CAGR of 4.4% during forecast period. These regions are expected to register the fastest growth in the global fiberglass (glass fiber) market during the forecast period.

Global Fiberglass (Glass Fiber) Market Competitive Landscape

Some of the players identified in the global fiberglass (glass fiber) market are Owens Corning, PFG Fiber Glass Corporation, CPIC Abahsain Fiberglass M.E., W.L.L., Chongqing Polycomp International Corp, and Jushi Group Co., Ltd. among others. Over the recent past, the industry players have focused on acquisitions and increasing their production capacities to meet the growing demand from various end-user industries.

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The estimated value of the global cold rolling oils/lubricants market in 2022 is US$ 14.5 Bn and is expected to expand at a CAGR of 5.6% in order to reach US$ 18.2 Bn by the end of 2028. A new report by Future Market Insights examines the cold rolling oils/lubricants market and offers crucial market insights for the next 10 years.

According to the report, the market is anticipated to witness increasing demand for cold rolling oils/lubricants owing to upsurge in demand for rolled products. In terms of value, the steel material type segment is anticipated to dominate the global market throughout the forecast period and is expected to register a CAGR of 5.6% during the forecast period (2022 – 2028).

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Global Cold Rolling Oils/Lubricants Market: Dynamics Impacting Growth 

The global cold rolling oils/lubricants market is estimated to be driven by increasing production of steel and aluminum across the globe. Healthy growth in the global automotive industry will also be a prime factor supplementing market revenue growth.

Growing local and foreign direct investments in the industrial sector, especially in developed countries in North America, Europe and Asia will also upsurge the demand for cold rolling oils/lubricants over the forecast period.

Moreover, increasing demand for aluminum and steel sheets in the automotive industry is anticipated to be a prominent factor pushing revenue growth of the global cold rolling oils/lubricants market in the near future. Strategic expansion in key markets is expected to remain a major focus area for leading players in the global cold rolling oils/lubricants market.

On the other hand, one of the major challenges faced by cold rolling oils/lubricants manufacturers is the fluctuating price of raw materials, which is anticipated to restrain revenue growth of the cold rolling oils/lubricants market over the forecast period.

Moreover, stringent environment regulations associated with the use of cold rolling oils/lubricants is also expected to hinder the growth of the market during the forecast period. Leading players in the market are investing heavily in research and development as a major part of their growth strategy to launch new and innovative products in the global market.

Global Cold Rolling Oils/Lubricants Market Forecast

On the basis of product type, the synthetic segment is estimated to account for about 38.0% market value share by 2022 end. This segment is expected to register a CAGR of 5.0% over the forecast period. In terms of value, the synthetic segment is anticipated to hold major share owing to high demand from steel and iron manufacturers.

On the basis of material type, the steel segment is expected to dominate the overall revenue generated in 2022 followed by aluminum. This segment is expected to expand at a CAGR of 5.5% over the forecast period.

On the basis of region, China is anticipated to dominate the cold rolling oils/lubricants market both in terms and value and volume. Increasing steel production and metal processing activities in China are expected to support the growth of the cold rolling oils/lubricants market over the forecast period.

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Global Cold Rolling Oils/Lubricants Market: Competitive Landscape

Some of the players reported in this study on the global cold rolling oils/lubricants market are Croda International PLC, Exxon Mobil Corporation, Total S.A., BP plc., Indian Oil Corporation Ltd, Eastern Petroleum Pvt. Ltd., Hindustan Petroleum Corporation Limited, Houghton International Inc., Jiangsu Gaoke Petrochemical Co., Ltd., ETNA Products, Inc., Petroyag Lubricants, Buhmwoo Group, and Ricci S.p.A.

Key Segments of Cold Rolling Oils/Lubricants Industry Survey

Cold Rolling Oils Market by Product Type:

• Synthetic Cold Rolling Oils/Lubricants
• Semi-Synthetic Cold Rolling Oils/Lubricants
• Mineral Based Cold Rolling Oils/Lubricants

Cold Rolling Oils Market by Material:

• Steel
• Copper
• Aluminium
• Others (Titanium, etc.)

Cold Rolling Oils Market by Region:

• North America Cold Rolling Oils/Lubricants Market
• Latin America Cold Rolling Oils/Lubricants Market
• Europe Cold Rolling Oils/Lubricants Market
• East Asia Cold Rolling Oils/Lubricants Market
• South Asia & Pacific Cold Rolling Oils/Lubricants Market
• Middle East & Africa (MEA) Cold Rolling Oils/Lubricants Market

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The global aluminum fluoride industry suffered majorly in the on-set of the COVID-19 pandemic earlier in 2020. While shutting down of manufacturing hubs, decline in demand from end-use industries, and financial crisis took a toll on industry players, the recovery in construction, ceramic and other key end-use sectors is helping them in getting back on track since the last quarter of 2020.

According to the latest edition of the report on ‘aluminum fluoride’ market study by Future Market Insights (FMI), aluminum fluoride suppliers will come across new opportunities owing to its requirement in chemical intermediates and residential, commercial, & industrial construction projects during the forecast period of 2021 to 2031.

The report also provides with a thorough analysis of the demand-supply patterns, growth & restraining and other crucial factors for key players in the industry across the globe.

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Key Takeaways from Study

• Application in Aluminum, fluorocarbons, and ceramic to fuel the sales
• Metallurgical grade aluminum fluoride to spearhead the demand growth
• Dry process followed by wet process to gain traction in terms of production routes
• The United States to remain dominant in the world’s largest aluminum fluoride industry North America
• Germany to sustain in the leading position in Europe aluminum fluoride industry
• China, Japan, South Korea, the United Kingdom, Canada, India, and a few other countries to remain hotspots for stakeholders in this industry

“With the industrial, residential, and commercial construction projects gaining momentum again, aluminum fluoride suppliers will come across ample of opportunities to excel in this field. Furthermore, demand from automotive industry to reduce the weight of vehicles in order to comply with emission norms will widen the growth scope for manufacturers. However, the overall recovery rate for automotive sector is still sluggish yet hopeful for aluminum fluoride suppliers,” says an FMI analyst.

How Demand in Construction Industry Paving New Paths for Aluminum Fluoride Manufacturers?

Being temperature and pH regulating agent and solubility enhancer, aluminum fluoride has extensive application in building and construction industry. As these sectors are gaining back the position after getting battered by the pandemic outbreak in 2020, aluminum fluoride manufacturers are subject to come across lucrative growth scope from this sector.

As stated in the report titled “Mexico- Construction” published by the SelectUSA in October, 2019, the construction sector in Mexico comprises of building, materials, and advanced innovations such as sustainable building technologies, seismic stabilization, and others and is a best prospect industry sector in Mexico.

According to the report, the total industry value increased to US$ 94.8 Billion in 2019 from US$ 94.61 Billion in 2016 and is forecast rise steadily after getting over the turmoil due to the pandemic. The statistics gives an idea regarding the new opportunities awaiting for aluminum fluoride manufacturers across the world.

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Some of the key players supplying aluminum fluoride are-

• Alufluoride Ltd.
• Rio Tinto Plc
• Tanfac Industries Ltd.
• Fluorsid S.p.A
• Mexichem S.A.B. de C.V.
• Industries Chimiques du Fluor (ICF)
• PhosAgro PJSC
• Do-Fluoride Chemicals Co., Ltd
• Pingquan Greatwall Chemical Co., Ltd.
• Gulf Fluor
• AB Lifosa
• Alufluor AB
• Derivados del Fluor

More Valuable Insights

In its latest report, FMI offers an unbiased analysis of the aluminium fluoride market, providing historical data for the period of 2016-2020, and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of grade (metallurgical grade, and other industrial grade), and application (aluminium, fluorocarbons, ceramics, and chemical intermediate), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

About FMI

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Phosphate conversion coatings (Phosphating) has served as the most important surface treatment option till date. According to the revelations by Future Market Insights in its new research report, the global Phosphate Conversion Coatings market is expected to reach a market value of over US$ 2,300 Mn by the end of 2028, growing at a CAGR of 4.0% during the forecast period.

The market is now expected to grow at a moderate rate with major application in the automotive segment. PCCs are increasingly gaining popularity in the manufacture of casing connections to enhance their consequent sealing performance. Further, when used in combination with the lubricants, these coatings provide excellent galling protection, a property highly desirable in across various end-use industries, including chemical, oil & gas, etc.

There are various special properties of PPC that have helped mark its growth globally, such as better corrosion resistance, improved adhesion, superior wear resistance, and enhanced aesthetic appearance. The growth is highly evident in the automotive as well as the food and beverage industry. The food and beverage segment is expected to grow at a steady growth rate, with key application in beverage cans.

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China’s Industrial Activities to upkeep its compelling growth in the Global PCC Market

China is projected to be a major contributor to the growth of global phosphate conversion coatings market as it holds the highest market share. Zinc phosphate segment is gaining traction in the China phosphate conversion coating market. It is a result of rising manufacturing and industrial activities in the emerging economies.

The region is expected to witness the fastest growth in the global market at an impressive rate of 5.2% during the forecast period. Other emerging economies are also witnessing similar trends in the PPC market.

These trends are a part of the shift in automotive and construction industry. Automotive industry remains a key sector for supplying phosphate conversion coatings. The construction industry growth is expected to lead to a rise in demand for coated steel and aluminum coils, which in turn will upsurge the demand for the phosphate conversion coatings over the forecast period.

The global phosphate conversion coatings market is significantly consolidated. More than two-third of the global market has been estimated to be concentrated among tier 1 and tier 2 players. Tier 3 players, which largely cater to their regional markets, are expected to hold nearly one-fourth of the overall market.

The leading players are witnessed indulging in partnerships with Automotive OEMs as a move to stay ahead in the intensified competition. The companies are also focusing on introducing new products in the market.

Their strategies include development of innovative coatings and solutions with superior characteristics, which can be utilized over advanced substrates as well as in novel applications, will be among the key success factors for the long term growth

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Key Companies Profiled

• Henkel AG & Co. KGaA
• PPG Industries, Inc
• The Sherwin-Williams Company
• Axalta Coating Systems, LLC
• Kansai Paint Co., Ltd.
• Chemetall GmbH
• Nihon Parkerizing Co., Ltd.
• Keystone Corporation
• Freiborne Industries, Inc.
• Hubbard-Hall Inc.
• Crest Industrial Chemicals, Inc.
• Westchem Technologies Inc.

Phosphate Conversion Coatings Markey by Category

By Product Type:

• Manganese Phosphate Conversion Coating
• Iron Phosphate Conversion Coating
• Zinc Phosphate Conversion Coating

By Substrate:

• Cast Iron
• Steel
• Others (Aluminium, Magnesium, Titanium)

By End-use Industry:

• Automotive
• Food & Beverages
• Consumer Appliances
• Others (Healthcare, Chemical/ Petrochemical, Aerospace, etc.)

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia & Pacific
• China
• India
• Japan
• Middle East & Africa

Competitive Landscape

Leading players operating in the phosphate conversion coatings market are investing in strategic collaborations, and are focusing on development and launch of new phosphate conversion coatings. Apart from this, players are focusing on expanding their production capacities to serve more end users, in order to gain a competitive edge.

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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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According to the report, the global terephthalic aldehyde market is expected to witness -3.8% CAGR from 2018 to 2028. While the market currently values worth US$ 16,129,832.3, it has been projected to go down and reach US$ 4,342,866.7 by the end of 2028.

The leading companies functioning in the global terephthalic aldehyde market are Haihang Industry Co., Ltd., Wuhai Xinye Chemical Co., Ltd., Dalian Richfortune Chemicals Co. Ltd., Alfa Aesar, Hebei Xingyu Chemical Co., Ltd., and Tokyo Chemical Industry Co., Ltd.

Future Market Insights (FMI) has published a new report on terephthalic aldehyde, which has been titled, “Terephthalic Aldehyde Market: Global Industry Analysis 2013-2016 and Opportunity Assessment 2018-2028.” According to the report, the global market for terephtahlic aldehyde is on the verge of downfall owing to the amount waste water being generated from the production of only one tonne of terephthalic aldehyde.

It has been considered uneconomical by a handful of players in the market owing to its expensive nature as well as lack of proper infrastructure in order to treat colossal amount of waste water. Moreover, owing to the government regulations across the globe, the production of terephthalic aldehyde has been halted by a majority of key companies in the global marketplace.

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The world is observing an insufficient supply of terephthalic aldehyde, principally caused by the enforcement of ‘Environmental Protection Tax Law’ in 2016 in China. The policy required producers to install proper waste management facilities and levied heavy punishments and penalties on the companies, waning to comply with the mandated regulatory standards.

These regulations interrupted the production facilities of terephthalic aldehyde, resulting in to abridged productivity, creating a huge variation between demand and supply. This has led to high vulnerability in the global market, leaving the end users obligated to look for other alternate materials or production technology in order to meet the industry demand.

The scope of application and use of terephthalic aldehyde has expanded over the years to various end-use industries. It is mainly used for the production of optical brighteners and photo-polymers. It is also an important intermediate in the synthesis of medicines, dyes and perfumes. Though terephthalic aldehyde is a small volume product, it is projected to profit from macroeconomic industrial growth, predominantly in end-use sectors where it finds its niche applications.

The macroeconomic factors are projected to underpin end-user industries, such as textile, personal care, paper and pulp, and pharmaceutical, which in turn would create the demand for terephthalic aldehyde. Further, the uniqueness of terephthalic aldehyde in niche applications proves to be a vantage point. As per various industrial sources, the dearth of the alternatives in optical brightener application is the main factor driving its demand globally.

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Market Taxonomy

The global terephthalic aldehyde market has been segmented into:

By Application

• Optical Brightener
• Polymers
• Pharmaceutical Intermediates
• Others

By Grade

• Pharma/Super Grade
• Technical Grade

By Region

• Asia Pacific Excl. China
• China
• Americas
• EMEA (Europe, Middle East & Africa)

Economically, terephthalic aldehyde is mainly manufactured by the chlorination and subsequent hydrolysis of p-xylene; the production process involves highly toxic chlorine gas for chlorination and requires a large volume of nitric acid during the oxidation process.

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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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Expected to reach the value of US$ 450 Mn by the end of forecast period (2022 – 2029), global pharmaceutical grade sodium chloride market will witness a strong CAGR. A new Future Market Insights (FMI) report analyzes that over the recent years there, has been a significant increase in demand for pharmaceutical grade sodium chloride owing to its application in the treatment of chronic kidney disease (CKD).

Hemodialysis is one of the applications, which significantly contributes to increasing demand for pharmaceutical grade sodium chloride. Multiple pharmaceutical applications such as saline drips, contact lenses solutions, and ORS solutions seek pharmaceutical grade sodium chloride as an important raw material for vital medical solutions such as aqueous isotonic injection of dextrose, solution for surgical recovery, and intravenous therapy solution.

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Key Takeaways – Pharmaceutical Grade Sodium Chloride Market Study

• In the medical sector, pharmaceutical grade sodium chloride consumption is dictated as per authoritative organizations, resulting in a number of manufacturers obtaining Good Manufacturing Practice (GMP), FDA and other certifications to adhere by the guidelines of safe manufacturing as well as utilizations.
• Applications of pharmaceutical grade sodium chloride continue to diversify in treating array of diseases such as gastrointestinal disorders, diabetes, and cancer of blood and kidney has been registered over the past decade, resulting in a nearly 40% increase in demand for pharmaceutical grade sodium chloride-containing medical solutions over the period of 2009-2019.
• Developed countries such as the U.K., the U.S., Germany, China, and others have been self-reliant on manufacturing medicines and solutions to treat chronic kidney diseases (CKD).

Low-income countries, majorly from the Middle East & Africa, are dependent on organizations such as WHO and UNICEF for supplements. To strengthen supply to these economies, UNICEF has openly extended support to governments to scale-up their ORS circulation by promoting quality co-packaged ORS and ensuring a secure and functioning program.

Who is Winning Competition?

The market is heading towards consolidation as key manufacturers are opting for inorganic techniques; however, multiple potential manufacturers are coming up as response to increased demand in recent years. To establish presence globally, new players have to be leaders in the local market first.

Some key participants mentioned in the pharmaceutical grade sodium chloride market report are K+S Group, Akzo Nobel N.V., Dominion Salt Ltd, Morton Salt LLC, and Tianjin Changlu Haijing Group Co., Ltd., among others

Key players are constantly enhancing their manufacturing capabilities by expanding and enhancing existing processing facilities and products, along with investments in the research & development sector to expand their product portfolio and acquire relatively smaller players and increase production capacities.Furthermore, players in emerging markets are focusing on rapid business expansions and increasing value-additions in their product offerings.

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Pharmaceutical Grade Sodium Chloride Market By Category

By Type:

• API-NaCl
• HD-NaCl

By Application:

• Injections
• Hemodialysis
• Oral Rehydration Salts
• Osmotic Agents
• Others

By Region:

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

A Sneak Peek into the Future Outlook of Market

There has been a significant growth in investments towards R&D in the Asia Pacific region from tier-2 and tier-3 players. The market is expected to remain highly consolidated and is expected to open new opportunities in the future.

Moreover, the growth of end users such as pharmaceutical, healthcare, and tablet & film coatings, among others is also expected to create favorable conditions for the growth of the global pharmaceutical grade sodium chloride market.

About 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 Us

Unit No: 1602-006
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