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Worldwide demand for non-PVC plasticizers is witnessing a sheer proliferation in line with rising end-user inclination for cost-effective & reliable additives. The non-PVC plasticizers market is estimated to witness sales growing at a CAGR of over 3.5% through 2026, as per the latest research study by Future Market Insights (FMI).

According to the FMI report, non-PVC plasticizers sales remain highly influenced by a cohort of factors, ranging from burgeoning investments in healthcare arena to rising demand for advanced solutions across multiple end-use verticals. Among all product types in the non-PVC plasticizers market, end-users will shift their preferences for benzoate plasticizers during the forecast period. This buoyancy can be attributed to ability of benzoate plasticizers to offer expanded performance utility over any other product types.

As per the FMI research study, demand for non-PVC plasticizers will witness exponential growth in manufacturing of medical products by 2026. Plasticizers will continue to be highly sought-after in order to attain the appropriate level of flexibility and softness. Some of the products in the medical products space, including bags, gloves, and tubing, are likely to register substantial demand for Non-PVC Plasticizers in the forthcoming years. While the demand of non-PVC plasticizers for medical products is estimated to witness 1.4X growth, tubing is likely to create notable incremental $ opportunity by 2026 end.

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Similar to cases of all medical devices, medical equipment with plasticizers is subjected to uncompromising pre- as well as post-market evaluation processes for ensuring safety & performance, unveils the FMI report. In response to the aforementioned, manufacturers in the non-PVC plasticizers market are making their products undergo rigorous examination, with an objective of boosting end-user confidence and repeating sales.

As per the FMI analysis, China is likely to flourish and capture a significant position, both in value and volume projections, in the global non-PVC plasticizers market for application market in 2019 and the status quo is unlikely to change during the assessment period. Rapid growth in the pharmaceutical, healthcare, and personal care spaces are among the prime factors favouring growth of non-PVC plasticizers market.

However, ambiguities over use of plasticizers will continue to dent end-user confidence, thereby challenging growth of non-PVC plasticizers market. Phthalates, holding nearly 57% share in the overall non-PVC plasticizers market, remain one of the widely-used ones across multiple applications. Though Phthalates offer multiple advantages, they do carry the risk of various adversities with respect to health and environment. In line with this, stringent and uncompromising regulations would restrict the use of non-PVC plasticizers, deterring growth of non-PVC plasticizers by a certain extent.

According to the FMI analysis, leading manufacturers operating in global non-PVC plasticizers market are focusing on commercialization of products that comply with international certifications and regulations- a key to consolidation in the global market space. In addition, the key manufacturers are also vying to expand customer bases across key countries of Asia Pacific, a region with promising in terms of sales of non-PVC plasticizers. The participants of the non-PVC plasticizers market also remain involved in differential business models and strategies, such as strategic mergers and acquisitions, with an objective of amplifying their reach and cementing their position across multiple regions.

The report features some of the leading manufacturing companies operating in non-PVC plasticizers market, such as Exxon Mobil Corporation, LG Chem Ltd., BASF SE, Evonik Industries AG, Nan Ya Plastics Corporation, Eastman Chemical Company, Arkema Group, UPC Group, Hanwha Chemical Co., Ltd., Ferro Corporation, and others.

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Key Segments

By Product type

• Phthalates
• Trimellitates
• Tetrapthaletes
• Aliphatic
• Cyclohexanoates
• Benzoates

By Application

• Paints & Coating
• Rubber Products
• Adhesive & Sealant
• Personal Care Product
• Medical Products
• Household Products

By Region

•  North America
• Latin America
• China
• Japan
• Europe
• MEA
• SEA and Other APAC

Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-8994  

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

Growing preference for propyl acetate over ethyl acetate in several end-use industries, especially in the printing ink industry, is expected to boost its demand in the coming years. A clear, colorless liquid that has distinguishable acetate odor of pears, and is highly flammable, propyl acetate finds application across diverse industries due to its superior solvent and fragrance properties.

According to a recent research report published by Future Market Insights, the propyl acetate market is expected to experience a CAGR of 6.9% during the forecast period of 2022-2029.

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Several end-use industries prefer propyl acetate over ethyl acetate due to its cost effectiveness and excellent solvent properties. This is prompting manufacturers to lay more emphasis towards the production of propyl acetate as compared to ethyl acetate.

Key Takeaways of Propyl Acetate Market Study

• High purity (i.e. +99%) propyl acetate is the dominant segment, as manufacturers from several end-use industries of propyl acetate prefer high purity to ensure improved performance of end products.
• Propyl acetate is gaining traction over conventional ethyl acetate in flexography printing, Propyl acetate, on an average, is 30% more economical in terms of solvent consumption, while reducing ink usage by an average of 20%. Retardants such as ethoxy propanol are not required for propyl formulation. This offers considerable advantages when printing food product packaging, significantly reduces scrap percentage, and improves process stability.
• Substantial demand is anticipated for propyl acetate from the pharmaceutical industry, as it is a well-known fragrance agent for several personal care products. Propyl acetate is widely used in the fragrance, cosmetic, and personal care industry. In fragrances and personal care products, manufacturers often use n-propyl acetate as a flavoring agent. Flavor library of the Flavor Extract Manufacturers Association (FEMA) states that, it has notes of celery, floral, pear, and red fruit.

Propyl Acetate Market: Competitive Landscape

The global propyl acetate market is moderately fragmented, due to the availability of raw materials required for the manufacturing of propyl acetate, especially at the regional level, and presence of local manufacturers in domestic as well as international markets. Key manufacturers such as Dow Chemical Company, BASF SE, OXEA GmbH, Eastman Chemical Company, and SHOWA DENKO K.K. account for around 28% of the overall market share. North America and East Asia are anticipated to account for a significant share of the global propyl acetate market, owing to significant growth in printing ink industry and increasing preference for propyl acetate over ethyl acetate.

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Propyl Acetate Market Taxonomy

The global propyl acetate market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Purity

• Purity ≥ 99%
• Purity < 99%

Application

• Coatings & Printing Inks
• Chemical Intermediates
• Food Flavourings
• Personal Care Products
• Others

End Use

• Chemicals
• Pharmaceuticals
• Food & Beverages
• Others

Region

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

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Looking for More Information?

The research report analyzes the total sales of propyl acetates on the basis of volume (tons) and value (US$ Mn). The report contains a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the propyl acetate market. Opportunities in the market are projected on the basis of factors such as printing ink industry growth, food industry outlook, pharmaceutical industry overview, and expansion in production capacity by manufacturers around the world.

For additional information, write to the analyst at press@futuremarketinsights.com

The global biomass pellets market is projected to witness growth at a CAGR of 6.8% during the forecast period 2022-2029. Increasing demand for wood biomass pellets is the major factor accelerating the growth in the market.

Ongoing expansion of manufacturing industries such as chemicals, power generation, and others is propelling the demand for biomass pellets worldwide. Growing  emphasis on reducing the carbon footprint, coupled with increasing need for renewable energy, will boost the sales of biomass pellets.

On account of this, the global biomass pellets market size is expected to reach US$ 17.94 Bn by the end of 2029. Regionally, Europe is expected to vanguard the sales in the the global biomass pellets market, accounting for over 60.7% of the total market share through 2029.

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East Asia Projected for Significant Growth Opportunities

Over the past years, Europe has been one of the key prominent regions in terms of the production and consumption of biomass pellets. However, other regions such as East Asia have emerged as lucratively growing regions in the global biomass pellets market. This has resulted from the significant growth of the markets in East Asia countries such as China, South Korea, and Japan.

China is one of the prominent hubs of industries and that use coal-based boilers. This creates ample opportunities of demand for biomass pellets that can be used as a replacement or co-fired with coal in these industries.

Furthermore, the demand in South Korea and Japan for biomass pellets has witnessed a significant hike over the past years. As a consequence, East Asia, as a whole, projects significant growth opportunities for the global biomass pellets market over the forecast period.

Sales of Wood Sawdust-Derived Biomass Pellets to Remain Prominent

The market has been segmented on the basis of different sources of biomass pellet production and on the basis of their multiple end uses, besides the seven prominent regions of the world.

• On a global level, wood sawdust is the prominent source of biomass pellet production. The growth in the sales of biomass pellets from this segment is projected to be significant over the forecast period. However, other sources are expected to gain market share over the forecast period.
• Industries with installed coal-based boilers consume a fair share of the global biomass pellets market volume. This consumption is expected to increase further over the forecast period.
• Government policies regarding carbon emissions from industries are changing across geographies in order to achieve their goals and targets of sustainable development. They have become stricter towards the quantity of carbon emitted from industries. As a consequence, industrialists are bound to use biomass pellets in co-firing applications in order to reduce their carbon content and also the cost expenditure over fuels. As a consequence, prominent demand for biomass pellets is being witnessed from industries on a global level.

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BIOMASS PELLETS MARKET TAXONOMY

The global biomass pellets market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Source

• Agricultural Residue
• Wood Sawdust
• Others

By End Use

• Power Generation
• Industrial Heating
• Commercial and Domestic Heating
• Others

Region

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

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Biomass Pellets Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as leaders in the global biomass pellets market. Some of the examples of the key players in this market are Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Inves, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others. These players have a diverse set of biomass pellet offerings for industrial, commercial, as well as domestic applications. These players also participate actively in the trade of biomass pellets to reach international markets, and develop by acquiring a diverse clientele across geographies.

For additional insights, write to press@futuremarketinsights.com

Sales in the global low dosage hydrate inhibitors market are slated to top US$ 75.3 Mn in 2022. Expanding at a healthy 8.1% CAGR, the market size is projected to total US$ 120.3 Mn by 2029.

The low dosage hydrate inhibitors market is expected to grow at a robust 8.1% CAGR between 2022 and 2029, up from 8.2% CAGR recorded during 2014-2021, predicts Future Market Insights (FMI).

Earlier, thermodynamic hydrate inhibitors (THIs) were used by the oil and gas industry due to their ability to shift the hydrate-equilibrium curve towards lower temperatures and higher pressures. These inhibitors were able to change the activity of water molecules to accelerate the shift.

Application of low dosage inhibitors will be particularly high in the offshore terrain segment, according to FMI’s analysis. Estimated to achieve a massive incremental opportunity through 2028, more than 90% of overall consumption of low dosage hydrate inhibitors is expected to be registered by offshore terrain.

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Anti-agglomerate Inhibitors Hold Potential to Rise above Kinetic Hydrate Inhibitors

A majority of leading manufacturers have been accelerating the shift from the conventional thermodynamic inhibitors to low dosage hydrate inhibitors in an effort to achieve significant savings in terms of maintenance costs. Increasing acceptance of low dosage hydrate inhibitors will be further strengthened by cost benefit related to flow assurance and flow maintenance, storage, logistics, and pumping among others.

In addition, the BOD (biological oxygen demand) and COD (chemical oxygen demand) associated with low dosage hydrate inhibitors is significantly lesser than that with thermodynamic inhibitors. According to FMI’s study, superior sustainability quotient will continue to place low dosage hydrate inhibitors superior to thermodynamic inhibitors. In line with the increasing quest of sustainability, anti-agglomerate type of low dosage hydrate inhibitors, which are more degradable than kinetic hydrate inhibitors, will remain the most preferred compound in the global low dosage hydrate inhibitors market.

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China to Remain Dominant Producer & Consumer of Low Dosage Hydrate Inhibitors

China is expected to lead the overall low dosage hydrate inhibitors’ consumption, retaining the title of the largest producer and consumer of low dosage hydrate inhibitors, globally. North America accounted for more than 16% of the total revenues attained by global low dosage hydrate inhibitors in 2018. The report envisages that North America will remain among the most important markets for low dosage hydrate inhibitors throughout the period of study. Furthermore, this growth is primarily attributed to the region’s primacy in offshore gas production activities.

Although the report reaffirms supremacy of China and North America in the low dosage hydrate inhibitors landscape, the flourishing manufacturing scene in fast-developing regional pockets such as East Asia, MEA, and Latin America prompt at the speeding revenue growth of low dosage hydrate inhibitors.

Consistently growing demand for low dosage hydrate inhibitors from emerging markets such as India and ASEAN countries is expected to create ample opportunities for the manufacturers of low dosage hydrate inhibitors in coming years. New offshore natural gas exploration projects are further expected to boost the consumption levels of low dosage hydrate inhibitors in MEA, through 2028.

Vendor Insights: Global Low Dosage Hydrate Inhibitors Market

The report has covered detailed strategic profiles of some of the top companies operating in the global low dosage hydrate inhibitors market, such as BASF SE, Schlumberger Limited, Arkema Group, Baker Hughes Incorporated (BGHE), Clariant AG, Ecolab Inc., Evonik Industries AG, Force Chem Technologies LLC, Halliburton Co., and Gas Hydrate LLC, among others.

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Key Segment : Global Low Dosage Hydrate Inhibitors Market

Product Type

• Anti-Agglomerate (AA) Inhibitors
• Kinetic Hydrate Inhibitors (KHIs)

Terrain Type

• Onshore
• Offshore

Region

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

For additional information related to the various other aspects of the low dosage hydrate inhibitors market, write in to press@futuremarketinsights.com

The US has been North America’s prime investment pocket over the years, where the demand for non-commercial acrylic paint is expected to remain sound over the course of coming years. The approximately US$ 230 million market for non-commercial acrylic paint is foreseen to grow by 4.3% Y-o-Y, in 2022. Future Market Insights (FMI) delivers key insights on the US non-commercial acrylic paints market, in its latest report.

The South US is cited as a prominent consumer market in the US landscape of non-commercial acrylic paint owing to a rich end-user base, with an above-average growth rate projected for the near future.

While heavy-body acrylics continue to gain strongest traction that has been attributed to their strong colors, better coverage, and fast-drying times, the report indicates that their adoption will be more prominent in canvas- and paper-based applications. Non-commercial acrylic paint application on canvas accounts for over 1/3^rd of the total paint consumption, whereas that on paper and wood accounts for a combined share of more than 40%.

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DIY Activities Are Providing a Significant Push to Market Growth

The report opines that the key applications of non-commercial acrylic paint across the US include canvas, paper, and wood, with artefacts designed by professional artists and students. With the advent of DIY crafts and hobby activities, other substrates such as metal and ceramics are also likely to present a range of lucrative opportunities for the usage of non-commercial acrylic paints. The growth and emergency of non-commercial acrylic paints in the US is prominently attributed to the growth of DIY-based artefacts and finished products, and considerable investments by academic institutions in skill development programmes, imbibing non-commercial acrylic paints to a significant degree.

Apart from academic and commercial artefacts, non-commercial acrylic paints are particularly gaining popularity in home interior design, and additional design in terracotta and pottery items, thus creating additional scope of value addition for designers.

Over 60% Non-commercial Acrylic Paint Consumed in the US is Artist-grade

FMI has bifurcated the US market for non-commercial acrylic paint into two commonly available grades – viz. artist grade (high concentration of acrylic resin for slow drying sales channels) and student grade (low concentration of acrylic resin for fast drying sales channels). The varied degree of fast or slow drying rate immensely helps professional artists when designing a paint for a long-duration process or relatively short duration of finishing the paintwork applied.

Currently, more than 3/5^th of the total consumption of non-commercial acrylic paint in the US is accounted by artist-grade paint. However, the dramatically increasing number of students developing interest in painting and related career options will translate into relatively higher opportunities for student-grade non-commercial acrylic paint in the US, as suggested by FMI’s analysis.

The market share of offline sales channels in the US non-commercial acrylic paint market is likely to remain clearly dominant over that of online sales channels. However, the report also points to a growing revenue share of online stores, which is expected to outpace in terms of rate of growth, over the coming years.

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US Non-Commercial Acrylic Paints Market: Vendor Insights

The non-commercial acrylic paints market in the US is observed to be a fairly consolidated market, with the aggregate market share of tier-1 level established players more than half of the overall market value.

Aggressive marketing, product development, and consolidation of sales and service footprint will reportedly be the key developmental strategies of leading players in the US non-commercial acrylic paints market.

The report highlights some of the prominent companies that are operating in the US non-commercial acrylic paints market, such as Liquitex Artist Materials, Decoart Inc., Winsor & Newton, Reeves, Faber-Castell, Plaid, Crafts 4 All, Koninklijke Royal Talens B.V., Golden Artist Colors, Inc., Croma Atlier, M. Graham & Co., and PEBEO SAS.

U.S. Non-Commercial Acrylic Paints Market by Category

By Type:

• Fluid Acrylics
• Heavy-Body Acrylics
• Slow-Drying Agents

By Grade:

• Artist Grade
• Student Grade

By Application

• Wood
• Metal
• Fabrics
• Ceramics
• Canvas
• Paper

By Region:

• South
• Midwest
• Northeast
• West

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com

As the surging natural and shale gas production levels are accelerating the ongoing shift to membrane gas separation technology, an escalating number of gas processing and biogas projects also continues to trigger the sales of gas separation membrane at a global level.

As indicated by a new intelligence study presented by Future Market Insights, the global revenue through gas separation membrane sales will exceed the valuation of US$ 1,950.5 Mn by 2022 end.

With mounting energy costs, it is more likely that gas separation membrane technology will play a vital role in building a reduced environmental impact, says the report.

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Exclusive Insights on Market Taxonomy

• Type of Material

The material type analysis of gas separation membrane marketplace reveals that polymeric materials continue to account for over 55% share of the total market value. The report projects a massive incremental opportunity for polymeric membrane materials in terms of adoption owing to their exceptional thermal stability and selectivity.

• Type of Construction

Based on the construction type, hollow fiber module currently holds more than 50% share in the total market value and the report forecasts a solid incremental opportunity and healthy yearly revenue growth for hollow fiber module in 2022 and ahead. Spiral wound module also accounts for a substantial revenue share, as reported by the FMI analyst.

• End Use Sector

Among an extensive range of end use industries, growing replacement rate in case of conventional gas separation technologies is creating several opportunistic avenues for gas separation membrane manufacturers.

With over 1/4^th share of the total market value estimated for 2022, petrochemical and oil & gas industry continues to dominate other end use sectors, and is closely trailed by the chemicals industry. While the former is slated for a slightly higher incremental opportunity, the report also indicates a moderate opportunity for power generation sector.

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Nitrogen Separation Raises Maximum Demand

The gas separation membrane technology has been in use for a range of industrial applications, primarily attributed to the energy efficiency and superior process flexibility. Low maintenance and low capital investment further encourage adoption.

“Although gas separation membranes find a wide applicability in the recovery of hydrogen, separation of gas or vapor, removal of carbon dioxide, and dehydration of air, a majority of the demand comes from the applications in nitrogen and oxygen enrichment,” say a senior research analyst at the company.

Adding further, the analyst says, “While the demand for gas separation membranes for nitrogen separation is poised for a significant incremental opportunity coupled with a relatively higher year on year revenue growth of just-under 8% in 2022, it is closely followed by the hydrogen separation segment. The latter is projected for a moderate incremental opportunity over the next few years”.

Emerging Economies Hold Notable Market Potential

With a combined share of over 55% in the total market value at present, North America and Western Europe remain the top performing regional markets witnessing high volume sales of gas separation membrane. However, the report estimates Western Europe to secure more control over the cumulative share and demonstrate robust yearly growth in 2022 and beyond.

Asian countries, as are inclining more towards sustainability in recent years, a number of leading manufacturers in the global gas separation membrane landscape are looking forward to an improved market presence in developing regional economies across Asia as well as Eastern Europe.

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Strategic Developmental Analysis: Competition Tracking

The consolidated competitive landscape of gas separation membrane is dominated by top international players such as Evonik, Atlas Copco, Parker Haniifin, and Fujifilm. Among the prominent companies actively competing in the market, Atlas Copco Inc. recently installed a new manufacturing base in the US. More recently, the company announced the strategic acquisition of the British manufacturing giant Walker Filtration Ltd.

Apart from acquisitions and new production unit launch, strategic collaborations, joint ventures, and contractual cooperative agreements with technology innovators, manufacturers, and other stakeholders are likely to be the most preferred developmental strategies of leading market players.

FMI projects that companies operating in the gas separation membrane ecology are likely to debut in related industrial segments in an effort to penetrate into new markets. This will possibly help gas separation membrane manufacturers develop diverse business portfolios without facing intense consequences of the economic volatility.

A majority of distribution and sales is identified at company sales offices, distribution centers, and EPC contractors’ offices. Leading companies are thus focusing on their regional sales offices, thereby creating a positive outlook for the sales of gas separation membrane.

For a deep-dive assessment of the global landscape of gas separation membrane for the next decade old period, request full report. For any additional information, reach out to the analyst at press@futuremarketinsights.com