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Analytical research report published by Future Market Insights covers various aspects of the global market for lactic acid esters. The report reveals analysis on end use industries using lactic acid esters for various applications. It lays emphasis on opportunities for growth in the lactic acid esters market along with key factors pushing the growth of the global market. The various facets of the global market across important geographies are monitored. The report covers the impact of factors that change from region to region thus changing the scenario of the lactic acid esters market in that particular region. This gives a brief idea about the market potential for lactic acid esters in various regions that the reader can use to plan future expansion. The comprehensive research study portrays a realistic picture of the global lactic acid esters market by including a weighted market segmentation along with forecast projections from 2017 till 2027, a period of 10 years.

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According to a recent research report titled “Magnesium Carbonate Market: Global Industry Analysis (2013-2021) and Opportunity Assessment (2022-2028)”, published by Future Market Insights, the global market for magnesium carbonate is witnessing moderate growth during the period of assessment. The research report covers several factors that drive this growth as well as few other aspects which have a negative influence over it. The exhaustive research publication includes trends, threats, opportunities, growth drivers and challenges and their impact on the global magnesium carbonate market.

Detailed pricing analysis of different magnesium carbonate across key regions is also discussed in the research study. The segmental analysis across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is carried out which is used to track the future projections for a period of ten years, pertaining to value and volume of the global magnesium carbonate market.

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A new research publication titled “Coatings and Application Technologies for Robotics Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2027)” by Future Market Insights focuses on various market acumen on developments, trends, key players, growth drivers and forecasts across important regions.

Regional market intelligence is also provided that can assist the reader in gaining insights with respect to key regions across the globe and identify potential revenue pockets for gaining edge in the global coatings and application technologies for robotics market.

Drilling mud applications are expected to account for substantial revenues amongst all applications, in the global barite market. Untapped opportunities in the medical industry are also generating incremental opportunities for manufacturers. Barite would experience steady demand growth in paints and plastics industries, as it is widely utilized to control the viscosity and add brightness to end products.

Global barite market will cross the US$ 2 Bn mark by the end of 2030. Expansion of the automotive industry is creating revenue streams for manufacturers due to growing demand for brake pads and clutches for cars, as indicated by a new Future Market Insights (FMI) report.

Key companies in the barite market are set to experience disruptions in supply chains owing to recent developments related to coronavirus crisis. Manufacturers are accelerating efforts to join the fight against COVID-19 pandemic by taking a step forward to donate barite cement for the construction of hospital radiotherapy bunker where coronavirus treatments are carried out.

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Key Takeaways of Barite Market Study

• Innovative approaches in determination of normal and abnormal anatomy of the gastrointestinal tract with the help of high-purity barite holds promising business potentials.
• Barite is being extensively used as a weighted filler in paper, textile and rubber production.
• Manufacturers are focusing on construction sector where barite is mixed with cement to make special containers used to store radioactive materials.
• North America being the frontrunner in terms of revenue amongst all regions has created opportunities for manufacturers to comply with the regulations of the American Petroleum Institute to innovate in weighting agents for oil & gas industry.

Demand for weighting agents in the ever-increasing oil & gas industry are creating a stable business ground for manufacturers. Untapped opportunities in construction industry owing to demand for high density cement is fueling market growth.

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Lucrative Opportunities in Paints & Coatings

Companies in the barite market are increasing their production capabilities to manufacture paint-grade barite powder. This has deployed ease in handling and beneficial in transportation activities. High whiteness, low impurity and excellent dispersibility are key imperatives that are highly preferred in paint-grade barite powder. Latex paints, coatings and pigments amongst others are fueling demand for barite powder. Increasing number of powder coatings applications in households and other interior applications are generating value-grab opportunities for manufacturers.

Demand for Weighting Materials in Petroleum Industry to Bolster Market Growth

Fine grinding applications are catalyzing the demand for barium sulfate, owing to its high density and chemical inertness. An overwhelming majority of barite is being pervasively used in the petroleum industry as a weighting agent in the formulation of drilling mud. As such, the revenue if drilling mud applications is predicted to climb high growth from US$ 1 Bn in 2019 to US$ 1.4 Bn by the end of 2030. Commercial deposits of barite are primarily found in the U.S., China, India and Morocco.

Manufacturers Prepare for Volatile Demand Amidst COVID-19 Pandemic

Employee and worker safety amidst the coronavirus crisis has become the first priority of companies in the barite market. Hence, manufacturers have adopted telecommunication to support remotely via phones, Skype and VPN amongst other communication platforms. Global economic turbulences are anticipated to affect the barite market. Manufacturers are increasing efforts to devise contingency plans to address the uncertainty associated with lockdown relaxations in the upcoming months.

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Barite Market Taxonomy

By Form

• Lumps
• Powder

By Grade

• Up to SP 3.9
• SP 4.0
• SP 4.1
• SP 4.2
• SP 4.3 and Above

By Application

• Drilling Mud
• Pharmaceuticals
• Rubbers & Plastics
• Paints & Coatings
• Textiles
• Others

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• MEA

Potassium chloride is used in various applications such as fertilizers in agriculture, deicing, water softening, and industrial applications. It is an important source of potassium nutrient in plants and animals. Increasing food demand in tandem with the rising population is expected to drive the potassium chloride market. The need for better yield per unit area of cultivation land, owing to the shrinking size of cultivable land, is further anticipated to fuel the growth of the market, globally.

According to a latest report by FMI, the global potassium chloride market is expected to reach a valuation of US$ 16.5 Bn by 2030.

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Manufacturers of potassium chloride are significantly dependent on the agriculture sector; around 9 out of 10 stakeholders invest in the agriculture industry. The impact of coronavirus (COVID-19) on the agriculture sector is complex and varied across different segments of the supply chains. This impact will echo across larger economies, and will persist in the coming months. Nationwide closures have disrupted the international flow of labor across the agricultural sector. All these factors are having a detrimental impact on the growth of the potassium chloride market.

“Growth in food demand has been stronger as compared to population growth, due to the changing eating habits of people. This, in turn, has been accelerating the demand for fertilizers and pesticides. These fertilizers and pesticides are used to improve crop yield, fertility of soil, and enhance production. Therefore, the demand for potassium chloride is expected to grow in tandem with the growth of the agriculture industry.”

Key Takeaways of Potassium Chloride Market Study

• Growth of potassium chloride market is attributed to growth in the agriculture industry, as it is a primary consumer of potassium chloride. Further, development in new compositions of potassium fertilizers is projected to offer white spaces.
• Asia Pacific (APAC) holds leading share in the global potassium chloride market, and would maintain its hegemony through 2030, driven by China’s flourishing agricultural and industrial sectors.
• Chemical / industrial grade potassium chloride would gain traction in the coming years, backed by increasing demand from food and pharmaceutical industries.
• Granular and coarse fertilizers hold over 3/4 of total agricultural grade potassium chloride revenue. They are prevalent in formulated fertilizers such as bulk blended mixtures.

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Potassium Chloride Market Landscape: Fairly Fragmented

The global potassium chloride market is fairly consolidated, owing to a small number of players holding large shares in the market. Top ten players account for over 95% of total revenue. Manufacturers in the potassium chloride market space are focusing on collaborations and mergers & acquisitions. Key players such as Nutrien Ltd., The Mosiac Company, K+S Kali GmbH, Israel Chemicals Ltd., Intrepid Potash, Inc., Uralkali, JSC Belaruskali, EuroChem, Arab Potash Company, and SQM S.A. are focusing on penetrating into local markets.

What Does the Future Hold?

The global potassium chloride market is expected to grow at a steady rate over the forecast period on account of the increasing demand for potassium fertilizers. Moreover, increasing use of potassium chloride in food & pharmaceuticals is expected to fuel the growth of the market. Adoption rate in water softeners and industrial applications would be greater as compared to other application areas.

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Want to Know More?

Future Market Insights has published a market research report on the potassium chloride market that contains global industry analysis of 2015-2019 and opportunity assessment for 2020-2030. The report provides insightful analysis of the potassium chloride market through four different segments – grade, application, crop, and region. The potassium chloride market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, and various projects around the world, along with a detailed overview of the parent market.

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Surge in offsite construction activities to reduce material wastage and achieve cost efficiency continues to primarily drive the demand for precast concrete. The global precast concrete market will grow at 5.3% CAGR during the forecast period (2020-2030), as projected by a new Future Market Insights (FMI) study. Infrastructure development in emerging countries such as India, Indonesia, China, and Brazil provides a strong impetus to the demand for precast concrete. There is a global shift among building & construction methods as precast concrete manufacturers innovate production techniques.

The reusability of molds, when coupled with advancements in material science, forms a profitable basis for market players to garner customers. Increasing preference for precast concrete products on the back of superior quality, enhanced structural integrity, and cost efficiency continues to drive gainful opportunities for market players. Major organizations are innovating advanced concrete materials to differentiate their product offerings and capture a larger market share.

Key Takeaways of Precast Concrete Market

• The precast concrete market will grow 1.5X during the projection period.
• Structural and architectural building components collectively account for over 69% of the total market value.
• Architectural building components exhibit a strong growth trajectory, with a projected 6.3% CAGR through 2030.
• Highest growth can be seen in transportation precast concrete products propelling demand at an impressive 7% CAGR between 2020 and 2030.
• Water & waste handling products also show a healthy growth rate of 5.7% CAGR till the end of 2030.
• Residential end uses account for a majority share of more than 40% of the total market demand.
• Infrastructure projects would remain the key revenue generator, with a projected CAGR of over 6.2% during the forecast period.
• North America and Europe collectively hold 27% share of the total market value.
• South Asia will capture a significant value share with a strong CAGR of 6.5% during the projection period.

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The pandemic has had an unprecedented impact on the precast concrete market. The effect is greater than the 2008 global recession. Halted construction across the globe has caused a major dent on demand for precast concrete obsolete. The lack of labor, raw material, and necessary cash flow has forced governments to postpone infrastructure projects.

Potential Impact of COVID-19 Pandemic

Until the novel coronavirus is brought under control, the future of growth in the precast concrete market is bleak. Normalization post the pandemic will be influenced by financial impact on organizations. Due to the fragmented nature of the market, companies have low cash reserves that will only last for the first or second quarter of 2020. Government aid is necessary for many players to stay afloat during the COVID-19 pandemic.

As governments struggle to mitigate deficits amid the COVID-19 pandemic. Dampened residential and commercial construction projects weaken growth prospects. Rising unemployment of laborers, and low GDP growth will have a ripple effect on demand for precast concrete products. Since the market derives most of its demand from building & construction applications, the halt in construction projects means a halt in growth of the precast concrete market. Market players are preparing for increased liquidation and renegotiation of contracts. Rapid restructuring of hierarchy, shifting focus on low impact countries, and salary cuts are the survival strategies adopted by key market players.

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Precast Concrete Market: Participant Insights

Research and development of innovative products such as eco-friendly concrete, cost efficient production processes shapes the competition among market participants. Mergers, acquisitions, and collaborations are prevalent strategies to expand global footprint in the market. Key players that shape the competition are, but not limited to, Boral Limited, Lafarge, Gulf Precast Concrete Co. LLC, Olson Precast Company, CEMEX S.A.B. de C.V., Forterra, Tindall Corporation, Spancrete, and ELO Beton.

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Know More About Precast Concrete Market

A new market research report published by Future Market Insights (FMI) on the global precast concrete market provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the precast concrete market on the basis of different products, end-use, and across seven major regions. The precast concrete report also offers detailed analysis of pricing by different types, COVID-19 impact on market growth and projected demand growth over the forecast period.

For additional insights on how the growth of market will unfold during and post the pandemic of COVID-19, write to press@futuremarketinsights.com 

Magnesium carbonate minerals are witnessing an upsurge in demand, owing to their application in multiple end-use sectors such as pharmaceuticals & personal care and construction. Magnesium carbonate minerals are used to produce raw materials that serve as refractory materials for steel, metallurgy, and ceramic industries. End users such as the chemical industry also use magnesium carbonate minerals to produce raw materials for plastic, polymers, paints, and fertilizers.

Magnesite, in meagre amounts, is also used as a gem and lapidary material. Moreover, there is an expected revamp in pharmaceutical and personal care industries, owing to the current Covid-19 pandemic, which, in turn, is anticipated to drive the magnesium carbonate minerals market in the near term. Refractory bricks & kilns and building & flooring materials are also paving way for robust sales.

The global magnesium carbonate minerals market is estimated to be valued at US$ 689.0 Mn in 2022, and is projected to expand at a CAGR of 5.1% over the forecast period (2022-2030).

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Key Takeaways from Global Magnesium Carbonate Minerals Market Study

• Surging demand from pharmaceutical and personal care industries is expected to drive the market, owing to its application in the production of OTC drugs.
• East Asia is expected to be prominent in terms of production, and North America and Europe will lead in terms of consumption over the decade ahead. Countries such as Belgium, the U.S., the Netherlands, Spain, Germany, France, and Italy are prime consumers of magnesium carbonate minerals.
• Unique fire retardant properties of hydromagnesite are enabling its broader adoption as a flame retardant or fire retardant additive for polymers.
• Flourishing chemical industries across the world are offering a conducive ground for magnesium carbonate minerals market players. Increasing demand from pulp & paper and paints & coatings industries are also offering white spaces.
• Extensive use of magnesium carbonate in the production of magnesium oxide, which is used in the steel and cement industries as a refractory material, will augment market growth. Rapid growth in these industries is estimated to boost the demand for magnesium oxide.

“Countries all over the world are likely to enhance their medical, pharmaceutical, and personal care sectors as a consequence of the ongoing COVID-19 pandemic, which is expected to bring about multiple changes in these sectors. Magnesium carbonate minerals play an important role – directly and indirectly – in the pharmaceutical sector. Thus, over the coming years, the market is expected to witness demand growth.”

Magnesium Carbonate Minerals Market: Competitive Landscape

Players such as Konoshima Chemical Co., Ltd., Naikai Salt Industries Co., Ltd., Hebei Meishen Technology Co., Ltd, and Kyowa Chemical Industry Co. Ltd. have been strategically expanding their market presence through expansions and acquisitions in the recent past. These players are increasing their market presence gradually, rather than deploying aggressive growth strategies. R&D, coupled with expansion of production capacity, remains the key strategy followed by magnesium carbonate mineral manufacturers to enhance productivity and capture potential market opportunities.

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East Asia to Offer Opportunities of Growth and Profitability

East Asia is anticipated to hold a prominent share in the global magnesium carbonate minerals market, owing to the increasing demand from pharmaceutical and personal care industries, along with refractories. Manufacturers in East Asia are facing stiff competition, given the higher concentration of players in the region. Moreover, magnesium carbonate minerals have multiple end uses, hence, the market is likely to flourish in the years ahead. Easy availability of raw materials and cheap labour is poised to propel the magnesium carbonate minerals market in East Asia.

On the flip side, chemical and automotive industries in East Asia are under extreme pressure due to the coronavirus (COVID-19) pandemic. Uncertainty in the global economic order and capital markets is shrinking the profit pools of industrial executives. Chemical and automotive industries in East Asia are undergoing manufacturing standstills in order to avoid workers getting affected by the coronavirus, as well as address the demand drop from businesses and consumers during nationwide lockdowns. These factors are affecting the growth of the magnesium carbonate minerals market.

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Looking for More Information?

The report on the magnesium carbonate minerals market published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data of 2015-2021 and forecast statistics for 2022-2030. The study offers insightful information on the global magnesium carbonate minerals market based on various categories – mineral form and end use, across seven regions. This study highlights key market players who are well-known market vendors, and have proven themselves as key shareholders in the global magnesium carbonate minerals market. Some of the market players included in the report are Nouryon Holding BV, Evonik Industries AG, Cabot Corporation, W. R. Grace & Co., and Ecolab Inc., among others.

Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. Rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term.

According to a latest report by FMI, the global thionyl chloride market is expected to reach a valuation of US$ 688 Mn by 2030.

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However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is characterized by a strong foothold of thionyl chloride manufacturers. The government has enacted large-scale lockdowns, resulting in short-term manufacturing and logistics paralysis.

“Thionyl chloride plays a vital role in manufacturing pharmaceuticals products. The compound is an industrially-produced liquid used to make acyl chlorides and synthesize pharmaceuticals, including drugs and vitamins. Growth of the pharmaceutical industry has a significant impact on the thionyl chloride market.”

Key Takeaways of Thionyl Chloride Market Study

• Consumption of thionyl chloride would remain prominent in manufacturing pharmaceuticals. Thionyl chloride is used in the production of a wide range of pharmaceutical products, including isocarbophos, indomethacin, vitamin A, sumicidin, propargite, and tetramisole hydrochloride. Further, manufacturers are targeting the agrochemical industry for relevant returns.
• Europe holds a prominent share in global thionyl chloride market; East Asia would reflect worthwhile prospects, owing to the presence of key agrarian countries and subsequent advancements in the pharmaceutical industry.
• Thionyl chloride is also used in the production of lithium thionyl chloride batteries. The adoption of lithium thionyl batteries is increasing, given its benefits such as high voltage, high safety, wide temperature range, low currents, passivation of battery, and its bobbin-like structure.

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Market Landscape: Fairly Consolidated

The global thionyl chloride market is fairly consolidated, owing to a limited number of players operating in the market. The top nine players account for around half of the total market revenue. Manufacturers are focusing on strengthening their partnerships with end users and government entities. The market is dominated by Chinese players. Key players such as Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Jiangxi Selon Industrial Co. Ltd., ChemTik, Aurora Fine Chemicals LLC, and others are focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global thionyl chloride market is expected to grow at a moderate pace over the forecast period on account of increasing application in pharmaceuticals and agrochemicals industries in developing regions. Moreover, increasing use of thionyl chloride in the production of batteries is expected to fuel the growth of the market. Preference for thionyl chloride over other reagents is further anticipated to bolster the market in the foreseeable future. Production of thionyl chloride is preferred by the sulfur trioxide route, and the trend is projected to continue during the forecast period.

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Want to Know More?

Future Market Insights has published a market research report on the thionyl chloride market that contains global industry analysis of 2015-2019 and opportunity assessment for 2020-2030. The report provides insightful analysis of the thionyl chloride market through four different segments – grade, application, production process, and region. The thionyl chloride market report also provides the demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

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Global revenue from the sales of perfume ingredient chemicals was valued at US$ 6.7 Bn in 2022 and is projected to reach a market value of US$ 8.9 Bn by 2027 end, increasing at a CAGR of 5.7% during the forecast period i.e. between 2022 and 2027. According to a new publication by Future Market Insights titled “Perfume Ingredient Chemicals Market: Global Industry Analysis (2012 – 2021) and Opportunity Assessment (2022 – 2027),” most of the companies manufacturing perfume ingredient chemicals focus on manufacturing fragrances and materials with synthetic chemicals.

The global boron trifluoride & complexes market sales are anticipated to be valued at ~US$ 270.7 Mn by the end of 2022, witnessing a strong Y-O-Y growth of ~4.5% over the year 2021, finds a recent study published by Future Market Insights. Asia Pacific excluding Japan is projected to hold more than half of the market value share by end of 2022 and grow with a significant CAGR in the near future, opines the study.