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Barbituric acid is predominantly used for the production of barbiturate drugs. Barbituric acid is an organic compound characterized by six membered ring structure and belongs to the class of pyrimidine family. One of the barbiturate drug produced using barbituric acid is riboflavin which is used as vitamin B2 nutritional supplement.

Barbiturate drugs have sedative effect on the central nervous system and are being prescribed for anxiety. These drugs act as central nervous system depressants and are used for the treatment of insomnia, epilepsy amongst others. Apart from its use as pharmaceutical intermediate, barbituric acid is also used as dye intermediate and as nutritional supplement.

Global Barbituric Acid Market Drivers

A number of factors has led to the rise in consumption of barbituric acid. Though barbituric acid itself is not pharmaceutically active, one of its major application is for the manufacture of barbiturate drugs.

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The rising prevalence of insomnia and the growing share of geriatric population is expected to drive the demand for barbiturate drugs which in turn is anticipated to generate significant demand for barbituric acid as an important raw material for its production.

The changing lifestyle and eating habits has affected the sleeping patterns amongst individuals. A major share of population suffers from insomnia, anxiety and other sleeping disorders, therefore there has been a greater demand for drugs which are being prepared from barbituric acid over the coming years.

Moreover, the growing healthcare spending and rapidly developing healthcare infrastructure across regions is anticipated to generate noteworthy demand for barbituric acid over the forecast period.

Global Barbituric Acid Market Restraints

One of the major challenge faced by the global barbituric acid manufacturers are the stringent regulations pertaining to the manufacture of the barbiturates drugs and other pharmaceutical products.

The use of the barbiturate drugs are being strictly monitored by the Drug Abuse Prevention and Control Act. The side effects with the usage of such drugs and regulations for its dosage and content is a major factor which is likely to impact the global barbituric acid market.

Global Barbituric Acid Market Trends

Apart from its major use for the manufacture of barbiturate drugs, barbituric acid is also used as a nutritional supplement for vitamin B2 deficiency.

Barbituric acid is also increasingly being used as dye intermediate used in textile industry. Manufacturers of barbituric acid are generating significant amount of revenue from the exports to the developing countries globally.

Global Barbituric Acid Market: Regional Outlook

In terms of regional perspective, the global barbituric acid market is anticipated to be dominated by Asia Pacific region. China is anticipated to hold noteworthy share the global barbituric acid market both in terms of production as well as consumption.

Regions such as North America and Europe are anticipated to witness rise in demand for barbituric acid owing to the increase in number of patients suffering from sleeping disorders and other diseases which are treated using barbiturate drugs. Japan, Middle East and Africa and Latin America are anticipated to hold relatively smaller share in volumes but are projected to witness robust growth in the forthcoming years.

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Global Barbituric Acid Market Participants

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

• Hebei Chengxin Co., Ltd.
• Ralington Pharma
• Explicit chmicals pvt. ltd.
• Zhengzhou Lifeng Chemical Co.,Ltd.
• Danopharm Chemicals Pvt. Ltd.
• CDH Druh House (P) Ltd.
• Hunan HongQiang Chem Technology Development Co., Ltd.
• Sparchem
• Hem Corporation
• GFS Chemicals Inc

The research report Barbituric Acid presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

Barbituric Acid also contains projections using a suitable set of assumptions and methodologies. The research report Barbituric Acid provides analysis and information according to market segments such as geographies, application, and industry.

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The global agrochemical additives market is anticipated to reach a valuation of US$ 2.7 Bn by 2032, with sales growing at a 4.6% CAGR over the assessment period. The need for various agrochemicals including fertilizers and pesticides is rising owing to increase in population, which trigger demand for crops and vegetables production.

While the demand for food products is rising all across the globe, cultivation area is decreasing as a result of the urbanization, industrialization, and development in the infrastructure. The market of agrochemical additives has been substantially influenced by certain socio-demographic factors, economic development, urbanization, and high demand for genetically modified crop.

Furthermore, focus on seed treatment, rationalization of rates, post-harvest agrochemical regulations, innovation funds for aggrotech, and import substitutions are expected to fuel the agrochemical additive market.

“Growing demand for functional foods and high-nutrient food products is driving sales of agrochemical additives. In addition to this, significant government-backed investments, and subsidies for crop production across emerging economies will augment the growth in the market,” says an FMI analyst.

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Key Takeaways:

• By end use, pesticides are expected to account for a dominant share oof the total demand for agrochemical additives.
• Based on crop type, the cereals and grains segment is anticipated to hold about 8% of the overall consumption.
• India is expected to emerge as a lucrative pocket in the South Asia agrochemical additives market over the assessment period.
• China will continue dominating the East Asia agrochemical additives market over the forecast period.

Competitive Landscape

Leading players operating in the global agrochemical additives market include Syngenta, Bayer, BASF, UPL, Compass Minerals, Adama Ltd., Sumitomo Chemicals., Nufarm Limited., K+S Group., and the United States’ Israel Chemical Company (Israel).

Some recent developments in the market include:

• In Oct 2021, one of the prominent market participant United Phosphorus announced its long-term collaboration with a global bioscience company Chr. Hansen to commercialize microbial-based solutions for sustainable agriculture.

Agrochemical Additive Market Segmentation

By End Use:

• Fertilizers
• Pesticides
• Plant Growth Regulators
• Soil Conditioners
• Liming and Acidifying agents

By Application:

• Crop Protection
• Seed Treatment
• Soil Health
• Solvents
• Dispersants
• Preservatives
• Others

By Crop Type:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Plantation Crops and Hydroponics

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More Insights into the agrochemical additive Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global agrochemical additive market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on end use, application, crop type, and region.

Frequently Asked Questions

What is the current size of the global agrochemical additive market?

What is the demand outlook for agrochemical additive in various end use industries?

What are the agrochemical additive market’s prospects for expansion?

Who are the leading players in the global market of agrochemical additive?

What are the major challenges and constraints faced by the industry?

Which are the key countries driving the global agrochemical additive market demand?

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The self-healing materials market size estimated at USD 1.61 billion in 2022 is anticipated to grow at a CAGR of 25.5% from 2022 to 2032. Materials that are capable of self-healing are stimulated by changes in pH, UV light, and other environmental factors, as well as by physical harm like a microcrack influencing the self-healing material adoption trends.

The pandemic has caused a decline in the self-healing material market key trends and opportunities. Due to the temporary shutdown, this had an effect on the operations of many important end-use industries, including the automotive, building, and construction sectors, self-healing material market.

The demand for self-healing materials and self-healing material market future trends has suffered as a result. Due to the presence of multinational corporations working constantly on R&D projects to find cutting-edge technologies, the self-healing material market opportunities is encouraged in the United States.

Microcapsules are designed to be durable enough to withstand both the production process and the consumption of the substances in their intended use. The self-healing material market is expected to expand significantly in the coming years, and these materials support lowering the frequency of the maintenance costs necessary to repair the damage.

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Self-healing materials are now being used by the majority of semiconductor and electronics market participants, including Apple and Samsung, in items like laptops, smartphones, desktop computers, and high-end cameras. Self-healing materials are expected to be consumed at a higher rate as a result of the steady rise in the sales of smartphones and laptops and innovations in their design, positively impacting the self-healing material market key trends and opportunities.

The primary factor preventing the self-healing material market from growing is the high cost of products as self-healing materials are currently more expensive than conventional materials. If the cost factor is managed in the upcoming years, the factor is anticipated to challenge the future demand for self-healing material.

KEY TAKEAWAYS:

• The self-healing material market’s product insight was led by the concrete segment in 2022, which also had the largest revenue share of about 27%.
• The self-healing material market’s technology segment was led by the segment of reversible polymers in 2022, which had a revenue share of 35.0%.
• Building and construction held the largest revenue of the self-healing material market share of 34% in 2022 and led the self-healing material market.
• In 2022, Europe held 28.4% revenue of the self-healing material market share and dominated the self-healing material market.
• With a projected CAGR of 30.5% by the end of 2032, Asia Pacific is predicted to generate the highest self-healing material market revenues in the near future.

COMPETITIVE LANDSCAPE:

New market research report on self-healing material says that The Dow Chemical Company; Covestro AG; High Impact Technology, LLC; Huntsman International LLC; Michelin Group; MacDermid Autotype Ltd.; Akzo Nobel N.V.; Evonik Industries Corporation; BASF SE; NEI Corporation are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the self-healing material market, including self-healing material market growth, self-healing material market share, self-healing material market key trends and opportunities and important self-healing material market statistics.

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Key Segments  

By Product:

• Concrete
• Coatings
• Polymers
• Asphalt
• Fiber-reinforced Composites
• Ceramic
• Metals

By Technology:

• Reversible Polymers
• Microencapsulation
• Shape Memory Materials
• Biological Material Systems
• Others

By Application:

• Energy Generation
• Building & Construction
• Automotive & Transportation
• Electronics & Semiconductors
• Medical (Implants & devices)
• Others

Recent Development in the Self-healing material:

• Chemetall GmbH, a manufacturer of specialty chemicals and surface treatment products, was acquired by BASF SE in December 2016.
• The process of self-healing cured coatings was patented by BASF SE in June 2014.
• The Specialty & Coating Additives business of Air Products (U.S.) was acquired by Evonik Industries in May 2016, strengthening its dominant position in the high margin specialty & coating adhesives market.

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Zeolite is chemically explained as the crystalline aluminosilicate hydrate containing alkaline earth metal. High- silica zeolite typically includes an organic structure directing agent (SDA), it is generally prepared by heating a mixture compose of a silica source, a heteroatom source (boron, aluminum, gallium), a source of alkali hydroxide, and a water-soluble organic species.

High-silica zeolites ha been found to be an effective absorbent for the removal of OMPs (organic micro-pollutants) from impaired water, and is also used in personal care products, pharmaceuticals, industrial chemicals, etc. High-silica zeolites is prominently use in the prevention of undesired competitive absorption of background organic matter (BOM) in natural water.

The presence of organic micro-pollutants in water bodies and drinking water sources have become a significant issue of increasing environmental concern. Owing to increasing presence of OMPs, and need for their removal from water meant for potable and domestic use, the demand of high-silica zeolite is increasing rapidly.

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High-silica zeolites like USY (ultrastable Y), NA-mordenite, and HY have higher thermal stability than conventional A-or X-type zeolite. The thermal stability increases from about 700 degree Celsius in the low silica zeolites to 1300 degree Celsius in high-silica zeolites. The surface selectivity, which is highly hydrophilic in the low silica zeolites, is hydrophobic in the high-silica zeolites.

High-Silica Zeolite Market: Dynamics

As compare to low and intermediate zeolites, the high-silica zeolites can remove and recover organic matter from water streams and carry out separation and catalysis in the presence of water, which is major factor that is driving the high-silica zeolite demand among the several end use industries such as petroleum, petrochemical and others.

High-silica zeolite is widely used in petroleum refining process. Catalytic cracking, isomerization, hydrocracking, alkylation, and other modern processes are based on the use of high-silica zeolite containing catalyst. High-silica zeolites also find broad application as absorbents in gas purification and drying, and in the production of high-purity substances.

Owing to this several applications of high-silica zeolites its demand is increasing constantly among the end-use industries, which is propelling the global high-silica zeolite market. Moreover, the increasing popularity of high-silica zeolites among end-use industry, due to its exceptional properties such as high chemical as well as thermal stability, has a significant impact on the high-silica zeolite market.

High-Silica Zeolite Market: Regional Overview

High-silica zeolite market demand is anticipated to be led by Asia Pacific region, owing to growing crude oil refining sector. China is driving the majority of growth in the crude oil refining industry in Asia Pacific. Growing crude oil refining industry is creating more demand for the petroleum refining catalysts such as high-silica zeolites. North America is anticipated to witness a significant growth in High-silica zeolites market, U.S. is a prominent country in the petroleum refining sector.

The U.S. is one of the vital producers of refined petroleum products and thus represents high market potential for high-silica zeolites. High-silica zeolites market of Europe is expected to witness a robust growth, helped by increasing preference of manufacturers of high-silica zeolites to European countries for expansion of its manufacturing facilities, in order to fulfil the growing demand for high-silica zeolites from regional end-use industries.

Despite the impressive growth in oil refining capacities in Middle East and Africa, the local refineries are capable of processing very less amount of the crude oil produced here, as a result high-silica zeolite market is expected to witness a comparatively moderate growth in this region.

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High-Silica Zeolite Market: Segmentation

Globally, high-silica zeolite market can be segmented on the basis of type, and application.

Based on the type, high-silica zeolite market can be segmented into,

• USY Type
• ZSM-5 Type
• Beta Type
• Others

Based on the application, high-silica zeolite market can be segmented into,

• Petroleum refining catalysts
• Petrochemical catalysts
• Others

High-Silica Zeolite Market: Market Participants

Some of the key players involved in the manufacturing of high-silica zeolite are  Honeywell International Inc, CECA Arkema Group, BASF SE, Tosoh Corporation, Zeochem AG, Zeolyst International, W. R. Grace, CWK Chemiewerk Bad Köstritz GmbH, Clariant AG,  KNT Group, Zeolites And Allied Products Private Limited and others.

The research report presents a comprehensive assessment of the High-Silica Zeolite market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to High-Silica Zeolite market segments such as component, type, application, end-user and region, etc.

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The global industrial oil market is projected to reach a value of US$ 115,780.3 Mn by the end of 2032, according to Future Market Insights (FMI). Rapid development in the industrial sector, growing sales of automotive, and rising application in power generation sector are expected to fuel the growth in industrial oil market.

Growing demand for oil for lubrication in industrial equipment and machinery in the manufacturing sector, turbines, power industry, automotive engines will remain key growth drivers in industrial oil market.

A significant development in the manufacturing, construction, and automotive sectors, especially in the developing countries will create remunerative growth opportunities for the market of mineral-based industrial oil in the coming decade.

This is projected to fuel the demand in industrial oil market over the forecast period of 2022 and 2032. FMI estimates, the sales of industrial oil will reach US$ 77,468.9 Mn by 2022.

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“Increasing demand from manufacturing and automotive sectors is one of the primary factor underpinning the growth in industrial oil market. Besides this, rising application in power generation sector will boost the market,” says an FMI analyst.

Key Takeaways:

• The global market of industrial oil is estimated to witness a growth rate of 1% CAGR over the period of 2022 and 2032.
• South Asia is expected to remain the most lucrative industrial oil market owing to the expansion of manufacturing and power industries.
• The U.S., Netherlands and Russia are expected to remain key exporting countries for the synthetic oil in the industrial oil market.
• Key manufacturers of synthetic-based industrial oil are focusing on alternative sources for the production to meet net zero emission targets.
• China is expected to dominate the East Asia industrial oil market over the assessment period

Competitive Landscape

The industrial oil market is estimated to be a consolidated market, where tier-1 players are expected to account for lion’s share in the market. Some of the key participants involved in the business of industrial oil are Exxon Mobil Corporation, Chevron USA Inc, Royal Dutch Shell Plc, Castrol Limited, China Petroleum and Chemical Corporation, Lubrication Engineer, Chempoint, Panolin AG, Fuchs, Shell, and others.

These key players are investing in expansion strategies by expanding their geographical presence, setting up of manufacturing units and sales offices in the developing countries. Further the top players are acquiring medium size players or are collaborating with other key manufacturers to enhance their client base. Furthermore, key players are focusing on shifting their focus on sustainability development by manufacturing oil from bio based sources and also bio waste.

For instance, Exxon Mobil collaborated with GE Power for the development of highly efficient turbine oil which is expected to improve turbine bearing efficiency by about 15% as compare with the traditional turbine oil.

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Industrial Oil Market Segmentation

By Source:

• Crude Oil
• Soybean
• Rapeseed
• Sunflower
• Cottonweed
• Corn
• Palm
• Others

By Type:

• Mineral
• Synthetic and Semi-Synthetic
• Biobased

By End-Use

• Power Generation
• Chemical Manufacturing
• Metallurgy
• Food and Beverages
• Automotive and Other Transport
• Paints and Coatings
• Cosmetics and Personal Care Products
• Pharmaceuticals

More Insights into the Industrial Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global industrial oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on source, type, end use, and region.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will 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 high performance fibers market size is expected to be worth US$ 12.91 billion in 2022 and US$ 29.19 billion by 2032, with a CAGR of 8.5 percent from 2022 to 2032.

The growth of the global high performance fibers market share has been aided by the robust electronic equipment manufacturing sector. The usage of high performance fibers in the creation of dependable and efficient semiconductors is a significant element driving the sales of high performance fibers.

Another factor propelling the demand for high performance fibers is the use of carbon, aramid, and glass in their manufacture. As a result, it is predicted that the global high performance fibers market is likely to experience significant growth during the forecast period.

Due to their numerous essential characteristics, such as strong fabric integrity at good temperatures, high thermal and chemical resistance to most organic solvents, high abrasion resistance, and non-conductivity, the sales of high performance fibers are projected to increase.

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High stiffness and an extraordinary strength-to-weight ratio of high performance fibers make them ideal for aeronautical applications, that’s why the demand for high performance fibers is rising. Given the aforementioned advantages, a range of end users considers the HPF to be the ideal product.

Furthermore, the high performance fibers are also utilized in the production of composites for vehicles and vessels employed in the defense industry. These factors are expected to boost the high performance fibers market outlook between 2022 and 2032.

The expansion of the high performance fibers market share is hampered by a scarcity of high-quality products. Furthermore, unlike other metals and nonmetals, carbon fibers are not biodegradable and will not degrade in landfills. Carbon fiber recycling requires a lot of energy and is extremely difficult.

Long-lasting carbon fibre scraps have a negative impact on the environment and hamper the growth of the high performance fibers market.

Key Takeaways from Market Study

• The Polybenzimidazole (PBI) fibers segment is expected to grow at the fastest CAGR of more than 14.2 percent from 2022 to 2032 due to superior properties such as high glass transition temperature, no melting point, and extremely high heat deflection temperature.
• The aerospace and defence application segment will lead the market in 2021, accounting for more than 43% of global high performance fibers market revenue.
• The Asia Pacific region will lead the high performance fibers market in 2021, accounting for more than 43% of global revenue.
• North America held a significant high performance fibers market share in 2021, as the presence of key aircraft manufacturers contributed significantly to high performance fibers demand.

“Due to their exceptional qualities, high performance fibers have seen a significant increase in demand from a wide range of end users, resulting in the creation of a sizable high performance fibers market in recent years. As a result of increasingly stringent government regulations aimed at reducing CO2 emissions, the global high performance fibers market share has increased.”- Future Market Insights Analyst.

Competitive Landscape

Key players in the high performance fibers market with wide distribution networks and strong market positions are boosting their R&D expenditure. They can enhance current items for new uses thanks to their strong technical and market development capabilities. As they provide the essential raw materials required to start the manufacturing process of different fibers, raw material suppliers play a significant role in the value chain.

The expansion and profitability of the global market are being constrained by the high cost of producing PBO, PBI, M5/PIPD, and aramid fibers.

The following companies are among the major players in the global high performance fibers market: Toray Industries, Inc., Dupont; Teijin Ltd., Toyobo Co. Ltd., DSM; Kermel S.A., Kolon Industries, Inc., Huvis Corp.

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Key Segments

By Product:

• Carbon Fiber
• Polybenzimidazole (PBI)
• Aramid Fiber
• M5/PIPD
• Polybenzoxazole (PBO)
• Glass Fiber
• High Strength Polyethylene
• Others

By Application:

• Electronics & Telecommunication
• Textile
• Aerospace & Defense
• Construction & Building
• Automotive
• Sporting Goods
• Others

Recent Developments in High Performance Fibers Market:

• In April 2019, Honeywell teamed up with Heathcoat Fabrics, a producer of technical fabrics. In this partnership, Honeywell gives the latter business its Spectra fiber to help create new industrial and military applications.
• In July 2018, TenCate Advanced Composites Holding BV, a producer and distributor of carbon fibre composite material, was acquired by Toray. The acquisition made it possible for the prior business to offer clients a wider range of products.
• In October 2019, Honeywell unveiled Spectra Shield® 6472, a new product in their line of high-performance hard armour. The new shield satisfies the exacting standards for military defence.
• In October 2019, Bally Ribbon unveiled the E-WEBBINGS® e-textile product range. For textile applications, this provides a flexible basis. Several types of fibers and conductive materials are used to create these finely woven E-Webbings fabrics.

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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