Electronic & Agriculture Sectors to Gain High Footing in the Zinc Chloride Market

Zinc chloride is a deliquescent salt that is white in color and structures acidic solutions in polar natural solvents, for example, ethanol, water, acetone, and ether. ZnCl2is hygroscopic in nature and therefore must be avoided from water fumes and dampness sources. By including acetone and zinc chloride, a nonpartisan solution of Zinc Chloride is developed. Zinc chloride is most generally utilized for soldering and tinning fluxes, galvanizing, oil-gas wells, odor control, reclaimed rubber, vulcanized fiber, dry cell batteries, liquid fertilizer, and textile finishing amid others.

The high purity grade type category is anticipated to observe a moderately higher development rate. High virtue-based solution and powder structure zinc chloride are utilized for various applications, incorporating soldering and galvanizing fluxes. In this way, they are anticipated to increase remarkable shares over the figured time frame. The battery-grade category is anticipated to observe moderate development. The dry cell battery & catalyst application fragments are anticipated to hold predominant shares all through the estimated time frame. With technological progressions identified with dry cell battery producing, zinc chloride has further fuelled the need for this fragment.

Zinc chloride is broadly utilized in the chemical sector for soldering and tinning fluxes, galvanizing fluxes, vulcanized fiber, odor control, and textile finishing, amid others. Electronic and agriculture sectors are likewise anticipated to increase high footing over the figured time frame. The pharmaceutical category is anticipated to observe a generally moderate development rate in the upcoming years.

Factors Impacting the Global Zinc Chloride Market Development

  • The developing impression of the chemical sector is a key explanation adding to the required development of metal-based chemicals. Zinc chemical needs are expanding in the course of the most recent couple of years as these solvents are utilized for various applications.
  • The requirement for batteries in commercial and industrial applications is anticipated to increase also. The expanding customer need for batteries is estimated to coordinate the need for dry cells and primary cell batteries throughout the years. With progressions in innovation, the need for exceptionally dynamic propelled batteries is anticipated to rise. Zinc chloride batteries are believed as primary cell batteries and furthermore utilized in dry cells. With developing utilization in industrial applications of battery-grade zinc chloride, the market for zinc chloride is evaluated to expand significantly in the approaching years.
  • Impetuses are remarkable materials utilized to build the pace of chemical reactions not including bringing any lasting changes. The catalyst sector is developing with the rising polymer and chemical sectors. Also, the significant need in industrial applications for catalysts and from the automotive sector would likewise influence the market development of the zinc chloride.
  • Nonetheless, the worldwide market for zinc chloride is anticipated to confront various challenges as zinc chloride is dangerous and could cause skin and eye burns. Zinc chloride & water, get hold of with eyes, could stimulate lasting harm. Such aspects are additionally anticipated to impede the market development for zinc chloride.
  • To support the competition from the market and grow the worldwide impression, zinc chloride makers are entering emerging markets, for example, GCC nations, Poland, Brazil, and India, amid others.

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Developing Onshore Pipeline Projects Fortify Revenues in the Global Oil and Gas Valves Market

The oil and gas industry is at a point of enormous changes. The quantity of pipeline undertakings in OECD nations is on the ascent. Valve makers are progressively competing to tap openings involved by these undertakings – creating special procedures, recognizing potential dangers, and benchmarking contenders’ contributions – to be prepared for the up and coming ascent in appropriation.

Sales of the valve resulted from aftermarket valve substitutions and aggregated cycle gas turbine services, have seen a consistent ascent. The makers have guided their endeavors to take-up the prospects cleared by growing coastal investigation and shale gas manufacturing exercises.

Rising economies exhibit potential openings for stakeholders in the industry over the years to come. A growing number of Greenfield ventures and brownfield exercises, to satisfy the developing need for fuel, has additionally cleared productive roads for the makers in the market. A foremost trend, adding to the perfect capability of rising markets for the market partners, is flooding a number of agreements between oil organizations and hardware producers.

Foremost oil and gas valve producers are evolving enhanced solutions for bringing down the stress from end-users. The quick ascent in the globalization of customers has incited foremost partners to go into strategic partnerships with entrenched providers, for keeping pace with the requirement. Oil and gas producers are on their imprint to take-up circumstances in downstream tasks. Selection stays consistent in upstream tasks, while the requirement for oil and gas valves in midstream applications would expand moderately quicker.

With efforts being made by genuine oil-manufacturing countries to counter the deteriorating oil and gas prices, the oil & gas industry has considered another to be of life starting recently.

The top E&P companies are developing their portfolios by building novel manufacturing amenities, pipelines, as well as processing plants. Pipelines expect a vital job in the transfer of oil and gas products beginning with one amenity then onto the following. Most of the intra-country, as well as inter-country pipeline adventures, are a work in progress to satisfy the creating requirement for oil and gas crosswise Europe, Asia, as well as North America.

Offshore gas and oil investigation are anticipated to foresee a brisk augmentation in action in the recent past century in addition to is situated to predict significantly higher activity all through the years to approach. Offshore is acknowledged for the most abrasive of the conditions as well as requires one of a kind materials to withstand high temperature and strain, CO2, erosion, in addition to sour gas. This is projected to boost the requirement for CRA (Corrosion Resistant Alloys) for umbilical, pipelines, valves, as well as unique offshore generation and is rapidly grabbing force as a result of its capacity to counter subsea corrosive circumstances. As a result, the use of nickel, as well as stainless steel alloys in the form of CRA materials for valves, is one of the principal trends in the oil & gas industry in the present day.

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Rising Requirement for Sports Nutrition Fathering Prospects in the Nutraceutical Packaging Market

The nutraceutical organization’s reliability is vital, and countering the counterfeiters is a verifiable necessity. Topmost market partners are grasping pushed packaging techniques, extending from exclusive fingerprints and undetectable inks, to hologram-enabled ID and anti-diversion codes. Highlight on incorporating security incorporates into nutraceutical packaging grows, while holding the elegant interest of packaged products to ensure an increasingly secure product supply.

Implementation of maintainable, green packaging solutions is on the ascent, and the persistent change from plastic to paper is progressively obvious in the nutraceutical packaging scenario. While plastic bottles are as yet the backbone of nutraceutical packaging, partners are making endeavors to advance, to carry more secure materials with novel designs to the fore.

The use of extra nutrients and supplements is dependably extending a direct result of basic medical issues, for instance, osteoarthritis, osteoporosis, diabetes, hypertension, cardiovascular ailments, etc. In addition, restrained nutrition from the ate up food prompts supplement deficiency that is fulfilled by extra dietary and nutrients supplements.

Millennials are viably joining gyms and are locked in with games. Hereafter, they have more tendency towards protein powder, protein shakes, and health drinks when appeared differently in relation to multi-vitamins & pills. Gen X people are continuously concentrated on individual and work-life balance. They require supplements for overseeing middle-age ailments. They are based on eating up more protein, mainly plant-based protein that urges them to manage their weight. They have less tendency for pills, artificial ingredients, or things with miserable taste.

The U.S. mirrors the greatest nutraceutical market around the world. Inferable from the growing use of dietary improvements and various supplements, the U.S. is one of the primary areas dependent on market share and market maturity. In the U.S., the central purpose of the nutraceutical packaging market is the wellbeing cognizance of buyers and their inclination towards natural supplements.

Building up the usage of nutraceuticals is predicted as purchasers are choosing preventive measures to keep up their prosperity and wellbeing. This will realize an extended requirement for nutraceutical packaging throughout the years to come. It is witnessed that baby boomers & gen X are taking ordinary nutraceutical supplements like minerals, prebiotics, vitamins, and omega 3 fatty acids.

The nutraceutical packaging of these components is done either as containers, blister packs, or jars & bottles. The U.S. market for nutraceutical packaging is projected to extend further because of millennials. The Millenials are continuously arranged towards the gym,  swimming,  and various games, and go about as a critical driving variable for the improvement of nutraceuticals, for instance, caffeinated beverages and protein powders. This millennial lifestyle is probably going to insistently influence the market improvement of the nutraceutical packaging. Various nutraceutical packaging creators are taking part in product acquisitions and initiation to boost their overall reach. North America & Europe are anticipated to gain a higher share dependent on the estimation of the overall market for nutraceutical packaging throughout the years to approach. In the East Asian market, the bargaining intensity of providers is higher rather than other regions, since there are a couple of quantities of organizations in the market for nutraceutical packaging

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Enduring Vibrancy and Color of Lip Powders to Boost the Sales of Lip Powder

The need for matte lipsticks has set forth at an extremely noteworthy pace that might imply that purchasers wish to go past customary lip products. Need for lip products don’t exclusively spin around functionality and usability, rather experimentation accounts for a noteworthy spot amid all the foremost trends. Customers are consistently changing to lip powder, for the way that lip powder provides a long-lasting and smoother finish alongside added aesthetics which incorporate matte and shimmer finishes.

Current purchasers are indicating market inclination for experimentation that offers sufficient space for lip brands to improve. Different brands are wandering into the space of lip powder utilizing new product offerings to benefit from the consistently advancing customer inclinations. This, thus, will offer more scope for customers to pick new and fascinating lip product types, along these lines establishing a hopeful pace for the market in the coming years.

Even though the need for pallets and pens are developing parallelly in the lip powder scenario, lip powder palettes are assessed to quickly get into buyers’ shopping carts inferable from high convenience and ease-of-application. Notwithstanding, almost certainly, sales of lip powder pens will accumulate remarkable pace, basically because of their affordable prices and compact sizes. Makers are endeavoring to concentrate on product advancements, as far as usability and design that would be instrumental in increasing their market sustenance.

Developing need for lip powder with organic pigments and essential oils is seemingly within easy reach, as present-day shoppers have begun searching for an incentive in pretty much every item they use. High protection from chemicals is making way for lip powder assortments with organic pigments and essential oils to positively influence the market shelves. Conversely, believed propensities and comfort concerns would make the greater part of the consumers to adhere to customary lip items, accordingly making difficulties for selection of lip powder.

The worldwide market for lip powder is seeing development dependent on a couple of novel benefits over customary lipsticks. One of the most looked for after advantages of utilizing lip powder is the ethereal shimmery ‘mermaid’ look which could be effectively made by lip powders that are generally hard to accomplish with customary lipsticks. Creative product offerings, for example, shimmer metallic lip powder enables clients to accomplish a captivating look at night as well as a playful throughout the day. These trends would keep on driving the need for lip powder in the coming years. The majority of the lip powders accessible in the market comprise Vitamin E that improves the smooth look and gives a nourishing impact. The lip powder melts when in contact with lips, trailed by better continuance analyzed than that of traditional lipsticks. Additionally, it is professed to upgrade the lips surface that is another solid factor pushing the need for lip powder in the worldwide market. Blurred & matte finish looks are amid the latest trends in the beauty sector. Aside from its matte finish, lip powder has likewise picked up prevalence, since it delivers a distributed, natural look to the lips

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Rise of Diseases All Over the Globe to Boost the Sustained Release Excipients Market

The sustained release excipients are a standout amid the sort of excipients that are added to the medication alongside active pharmaceutical ingredients of prescription. These are pharmacologically non-dynamic ingredients of the drug formulation.

The market for sustained release excipients is to a great extent lead by local markers who are contending based on evaluation in the market. The divided nature of the market diminishes the lucrativeness of the business. On the other hand, developing awareness regarding sustained release excipients in addition to the absence of test explicitness as well as its affectability produced by local organizations have expanded the revenue prospects for the worldwide makers. Organizations, for example, The Dow Chemical Company, Ashland Global Holdings Inc. and BASF Corporation account for more than 42.8% revenue share in the worldwide market. The organizations working in this market are teaming up with local wholesalers to expand the infiltration of their items in the market.

The pervasiveness of incessant in addition to acute ailments is expanding all over the world. For the treatment of these ailments, specialists recommend medications. Drugs, for the most part, contain excipients alongside the active pharmaceutical ingredients. A colossal interest for meds is seen because of the expanding predominance of ailments. They are high in need in the Asia Pacific market as a result of tremendous volume in this area. Sustained release excipients discharge the medication gradually with the goal that it arrives at the objective site. An excipient could be utilized from multiple points of view. Because of this reality, it is in huge need. It lessens the aberrant cost related to regular excipients.

Continued discharge formulations are picking up footing since they aid in keeping up patient-safety by a diminished number of medication dosages, however having expanded drug adequacy. From a market perspective, diminished doses enhance treatment compliance that could help higher unit sales thus their revenues. Besides, from the patient perspective, better helpful results are relied upon because of enhanced drug efficacy and tolerance prompting lesser switching costs and more noteworthy physician loyalty.

The service providers are providing their services via retail channels. Expanding innovative collective research prospects in pediatric plans are being pushed by the advancement of new guidelines, extra financing prospects, as well as expanded public-private partnerships. This is engaged to the advancement of excipients utilized in a wide range of excipients oral liquid and solid pediatric formulation that are adaptable, multi-functional and dispersible. Moreover, proceeded with prioritization of neglected therapeutic needs in pediatrics is anticipated to fuel the need for these excipients along with oral formulations in the imminent years. Substance misuse has a higher effect on the health of people along with their families. Prolonged alcohol and drug abuse might prompt chronic diseases and mental ailment, for example, heart diseases and diabetes, cancer that thus, could make high financial weight on the general public. To check this financial weight brought about by drug abuse, governments are concentrating on anticipation and early intercession procedures are anticipated to fuel the requirement for drugs of abuse.

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Inorganic Expansion at a Regional Level Enables Players to Ascent their Market Existents & Consumer Base in the Metallic Stearates Market

Metallic stearates are characterized as composites of fatty acids with metal oxide, however, some stearates are not dissolvable in water. It has a few basic properties that sight huge scale applications in different industrial parts, for example, lubricating attributes, separating attributes, stabilizing impact, gelling limit, foam inhibition, and water repellency.

In the plastic sector, metallic stearates are being utilized as releasing agents, lubricants, and acid scavengers. The utilization of metallic stearates enables processors to create finished products with much smoother surfaces and relatively low friction.

Considering the outstanding lubrication and discharge properties of metallic stearates, it gives a huge scope to the product in the cosmetic and pharmaceutical sector applications. The lubricating attributes of metallic stearates are utilized on a huge scale in tablet pressing and dragee preparation. Also, metallic stearates are utilized in different cosmetic products, for example, eyeliners, shampoos, sun-protective lotions, lipsticks, body and foot powders, medicated ointments, and several more.

Metallic stearates wind up in different industrial divisions. In the textile sector, metallic stearates are applied for antistatic agents and dry impregnation. In the ink sector, metallic stearates are used as expanding and suspension aids for different additives, for example, pigments. Metallic stearates are likewise being utilized as suspension operators for the manufacturing of liquid wax and waxes compounds. In the metal- processing sector, metallic stearates are utilized as dry film lubricants, release agents, and lubricants.

The exceptional properties of metallic stearates, for example, low dissolving point, hydrogen solubility, lubricity, and water repellency make them valuable for different purposes. These special properties permit metallic stearates to be utilized in a few applications. Moreover, metallic stearates are additionally utilized as dry lubricants in the plastic sector. In the polymer & plastic sector, these are added to resin particles to encourage lubrication.

Throughout the years, industrialization in significant parts of the world has developed at a gigantic level, suffering different technological progressions and the implementation of critical methodologies that assist in produce quicker revenue development. Over recent years, emerging nations saw a progressive ascent in their share of worldwide industrial output, representing 25% focuses on the world manufacturing value addition aspect. Different industrial sectors, for example, rubber, polymers & plastics, construction, and pharmaceuticals have seen intense changes regarding product offerings and technology. With the implementation of different industrial tools, makers are currently strategizing on enhancing their product effectiveness. Metallic stearates are one such tool organizations are thinking about in their manufacturing procedures to upgrade features and product quality. Different organizations are selling and developing metallic stearates for different end-use sectors, for example, rubber, and plastic, all around, to make sustainable products and high quality.

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Inorganic development at a regional level empowers organizations to upgrade their market existents and consumer base, combined with extending technological abilities and the requirement to accomplish more eminent economies of scale. By mergers & acquisitions, companies have expanded their production limit and market share, therefore, expanding the novel entry-level market barriers. Besides, in different applications, for example, rubber and plastics, calcium stearates are utilized as lubricants in the expansion of metal casting and for resin-coated by the shell-forming procedure. Metallic stearates have noteworthy utilization as mold release agents, lubricants, and plastic stabilizers.

Pushy Need from End-users Together with Innovations to Increase Consumption in the Epoxy Curing Agents Market

The rising need for epoxy resins by producers of electrical covers is distinguished to be the foremost aspect of powering the market development in the upcoming years. In addition, strict administrative standards set for the utilization of lightweight materials in aerospace and automotive industries will keep on holding a significant effect on the market presentation in the approaching years. The worldwide market for epoxy curing agents will supposedly foresee reinforcing utilization of bio-based curing agents and improvement of an imaginative scope of low-curing time, low-temperature epoxy curing agent in not so distant future.

Epoxy curing agents will in general discharge certain hurtful VOCs (volatile organic compounds) that constrain producers to focus on creating environment-friendly curing agents that are perfect for the ‘Level of Prominence’ coating applications. The market is hence seeing an increment in the need for water-based operators around the world. One of the major foremost aspects fuelling the market development of epoxy curing agents incorporates a considerable need for PCBs (printed circuit boards) in the production of a thorough scope of electronic items, for example, mobile devices, smartphones, automotive electronics, machinery, and different consumer electronics.

Paints, coatings, & inks would stay the foremost application-based category, closely followed by the composites category. Conversely, composites are anticipated to reflect the quickest expansion in the approaching years, mainly ascribed to growing applications in lightweight aerospace and automotive segments. Composites will experience increasing usage by the transportation sector, the electrical materials sector, along with wind energy generation sector. Adhesives & sealants would stay a favorably rising segment, because of a rising application base for epoxy curing agents in this industry. These are broadly utilized as protective coatings for aerospace components, automotive bodies, floorings, wind rotor blades, and different components that are susceptible to rust and corrosion. High electrical insulation and thermal stability properties of epoxy curing agents stay the topmost drivers boosting the applications in extremely trending PCB (printed circuit boards) manufacture.

Amines & polyamines are projected to lead on the basis of product type, while China is anticipated to be the contributing regional epoxy curing agents market. Amines & polyamines category, although it has over 48% share of the present worldwide market revenue, is anticipated to drop its market share to a more widely thriving category, i.e. amides & polyamides. Although the segment is anticipated to witness strict regulatory standards as regards VOC emissions, it finally ensuing in a descending market value share.

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The regional examination rechecks the extended ascendence of China with an utmost revenue share that is conspicuously due to the increasing need for coatings from the construction and automotive sectors. In the Chinese industry, a rising number of wind capacity installations would additionally act as a foremost role in increasing need in the following decade. Whereas Western Europe would carry on to be another foremost market with an upright value share, North America is supposed to reflect sluggish expansion over the years to come. Conversely, rising economies, incorporate SEAP, Latin America, and MEA would develop low-volume, high-expansion markets for the epoxy curing agent.

Stand-up Pockets are Leading the Packaging Format in the Global Sealant Web Films Market Along with the Retail Industry

Sealant web films are explicitly intended to be applied as a sealant layer for non-retort and retort bags, pouches, and different packaging materials. These are utilized for multi-layer and monolayer packaging films that necessitate high warmth seal quality and seal through defilement execution. LDPE has broadly utilized material for packaging solutions, for example, pouches & bags. These films are utilized in co-expelled films to give high fixing capacities and gives linear tear attributes keeping away from micro-perforating.

These films of multilayer packaging ought to have a lower melting point so it very well may be heat- sealed effectively. These films are utilized in the food & beverage packaging sector, consequently, these films are made to such an extent that they don’t respond with food it contacts. These films are comprised of materials like polyolefin, bringing about better execution of the entire co-extruded film. It keeps up the reliability of packaging and shields its substance from leakage and degradation. It is typically the deepest layer of the multi-layer packaging films that improve its exhibition by giving it higher sealing quality.

Key Market Findings

  • A barrier isn’t sufficient, sealing keeps up the wholeness of packaging

To keep up the freshness and shield the substance of packaged products from spillage, sealing is indispensable in the food packaging sector. This aspect has brought about the market extension of the sealant web films. Barrier security is a fundamental aspect for keeping up the fragrance as well as a food flavor, however, it is significantly more gainful to include these films in co-expelled films or to overlay the packaging. Successful packaging necessitates quality and suitable appearance that is reliant on the maker, providing an accent to the market. Stand-up pouches are presented for this reason, and gradually picked up the consideration of the buyers and brand proprietors, upgrading the estimation of the market.

  • Stand-up pockets are leading the packaging format

Stand-up pouches fragment in the worldwide market is assessed to lead over the years to come, because of its customer engaging packaging format. Stand-up pockets are more helpful than containers and cartons. Likewise, there is a wide scope of size alternatives accessible that eventually brings about more utilization of these films. Purchasers incline toward stand up pockets in contrast to some other organization attributable to their usability and simple handling, along these lines extending the worldwide market for sealant web films.

Pouches that comprise sealant web films in it are utilized because of their value-added attributes like resealing ability, on-the-go consumption, portability, easy to open, along with freshness amid others.

Key makers in the worldwide market are thinking of novel packaging solutions created by utilizing these films. Producers like DIC Corporation as well as Plastic Suppliers Inc., are giving bio-based packaging solutions boosting the development pace of worldwide sealant web films market advertise. Foremost market players, for example, Bemis Company Inc. and Berry Global Group are putting resources into research and development for sustainable development of their organizations.

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Produced Water Treatment Systems – State of the Industry

Mitotane Market is expected to grow with a CAGR of ~ 5% in the forecast period 2029

Studies suggest that about 10-15 Mn individuals suffer from Cushing’s syndrome. Pituitary adenomas – a common symptom in Cushing’s syndrome – affects a majority of elderlies and adolescents. Individuals aging 20-50 years, particularly the female cohort, are most susceptible to Cushing’s syndrome. On the other hand, adrenocortical carcinoma (ACC) occurs rarely with a rate of ~0.7-2.0 cases per million individuals every year. ACC happens at any age, with women holding a considerable share of the patient pool. In addition, one in ten individuals host adrenal tumors and the rate is increasing annually.

Citing the surging incidents of ACC and Cushing’s syndrome a year, the demand for mitotane is subject to a significant upsurge in the near future in the curing of the two disorders. Medical professionals are depending on adjuvant therapy followed by surgical tumor reallocation due to high frequency and poor results of ACC. Mitotane, owing to anti-carcinogenic property, is making inroads in such situations, yet with inconsistent outcomes. Further, adjuvant therapy, coupled with mitotane, enhances the recurrence-proof survival frequency.

The demanding situation has influenced analysts as Persistent Market Research to design a new market intelligence report. As per the report, the global mitotane market is anticipated to progress at a CAGR of ~5% over the stipulated timeframe equivalent to ~US$ 12 Bn. Upsurge in cases of Cushing’s syndrome and adrenocortical carcinoma among individuals across the globe remains the gold mine of market growth.

Rising Prominence of ACC-Based Disease Indication Fuels the Demand for Mitotane

Although adrenocortical carcinoma is rarely occurring disease, the prominence of the tumor is intensifying with an estimation of ~600 new incidents diagnosed per million individuals annually. The ACC tumor stems from the adrenal cortex, later developing into a huge mass. ACC is highly common among the individuals aging 50-60 years. PMR suggests that ACC-based indication is expected to hold about a three-fifth share of the global mitotane market revenue.

ACC hosts in families half of the time, requiring the need for genetic analysis for immediate acquaintances of patients suffering from ACC. When diagnosed at an early stage, medical surgeons opt for adjuvant surgery, accompanied by mitotane, to ward off the maximum of the adrenal tumor. Further, a majority of ACC patients are possible to experience resurrection after radical reallocation. As such, high recurrence frequency drives the demand for adjuvants along with mitotane.

Mitotane Garners Wide Acceptance in North America Following Increasing Cases of Cushing’s Syndrome

Clinical studies find that individuals consuming glucocorticoids are likely to suffer from Cushing’s syndrome. In the US, about ~10 Mn individuals are estimated to consume glucocorticoids a year. Hypercortisolism, also known as Cushing’s syndrome, target about 20, 000 individuals in the US, with ~3, 000 new incidents reported annually.

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Individuals complain of at least one of the defined symptoms – increased blood pressure, weak muscles, and chronic fatigue. The US FDA has approved relacorilant orphan drug status for Cushing’s syndrome in the previous year. As a consequence, mitotane market players are setting their sights on North America to address the alarming situation.

Micronized PTFE Sales to Spur in Inks and Lubricants Industries by 2029, Finds a PMR Study

Persistence Market Research (PMR) recently published a study on global market for micronized polytetrafluoroethylene (PTFE), which finds that the sales of nearly 34 thousand metric tons of micronized PTFE were recorded in 2018, and the market is likely to witness incremental growth in the coming years. The study tracks changing growth parameters of the micronized PTFE market to forecast the potential growth opportunities for manufacturers in this landscape.

The global demand for resins in the paints & coatings industry has been growing by leaps and bounds, and increasing adoption of paints & coatings in various manufacturing landscapes is expected to further bolster sales of micronized PTFE. The study also finds that the demand for micronized PTFE in the inks industry accounted for more than one-third revenue share of the market in 2018, as micronized wax powders are witnessing burgeoning adoption as a raw material used in inks.

Manufacturers and other stakeholders in the inks industry are becoming aware about the advantages of using polytetrafluoroethylene micro-powders in combination with micronized wax powders in the ink manufacturing landscape. Its benefits in improving the rub and abrasion resistance of ink is further triggering the adoption of micronized PTFE in the ink industry, opines the PMR study. It also finds that the adoption of micronized PTFE is also increasing rapidly in the manufacturing of lubricants and greases, which is further expected to improve its sales potential in the coming years.

Versatile Industrial Applications to Create New Sales Opportunities for Manufacturers

While the demand for micronized PTFE is on the upward swing in the inks and lubricants industry, it is emerging as an integral raw material in other industrial applications, which is further accelerating the expansion of the market, opines the PMR study. Owing to its anti-blocking properties and high surface lubricity, the sales of micronized PTFE are increasing significantly in a wide range of industries such as textile, pharmaceuticals, electronics, and automotive.

Taking into consideration the rise in demand for micronized PTFE in various industrial applications, leading players in the market are foraying into new end-use industries to explore more sales opportunities. This is reflecting in their strategies to diversify their product portfolios to cater to the different needs and requirements of every industrial application of micronized PTFE. However, strict governmental regulations and high environmental standards associated with the production of micronized PTFE has been triggering a significant rise in the price volatility, which is emerging as a major challenge for market players.

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In order to remain unaffected by the rise in manufacturing costs, leading players in the micronized PTFE market are focusing on bolstering product innovation to attract more versatile end users despite probable price upsurge. The PMR study finds that leading companies and global players in the micronized PTFE market account for more than three-fourth revenue share of the market, and are focusing on consolidating and strengthening their position by investing heavily in research & development to bolster innovation.