Heavy Duty Heat Pump Market valuation is anticipated to reach US$ 3.2 billion in 2023, with a CAGR of 4.3% from 2023 to 2033.

The Heavy-Duty Heat Pump Market is anticipated to reach a value of US$3.1 billion. The market is expanding as businesses offer technologically advanced tritium light sources with numerous integrated technologies. With a CAGR of 4.3% from 2023 to 2033, the market is anticipated to reach US$ 3.2 billion in value in 2023. The market is anticipated to generate US$ 4.8 billion in 2033.

In the upcoming years, the market for heavy-duty heat is anticipated to expand, primarily due to rising yearly demand for heating and cooling. For large-scale applications, such as residential parks, commercial buildings, such as district heating and cooling, data centres, and other industrial CHPCs, heavy-duty heat pumps provide heating and cooling. Air-source, geothermal, and absorption heat pumps are all examples of heavy-duty heat pumps.

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The increasing demand for heavy-duty heat pumps in different industries around the globe is creating high growth virtues for the growth in demand for heavy-duty heat pumps over the forecast period.The increasing concerns regarding environmental sustainability & energy security with the shifting trend for bio-based infrastructure will boost heavy-duty heat pump industry growth.

Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of %
  • Based on the power source, the gas-driven heat pump segment accumulates a market share of 30.5% in 2023
  • By end-user, the commercial segment dominates the market with a share of 40%
  • North America to emerge as a promising market, capturing nearly 42% of the global market share in 2023
  • Asia Pacific is an opportunistic market, expected to capture a CAGR of 4.1% during the forecast period.

Competitive landscape

Prominent players in the heavy-duty heat pump market are Thermax Ltd, Star Refrigeration, and GEA Group. MAN Energy Solutions, Oilon OY, Siemens Energy, Johnson Controls, Friotherm AG, Engie Refrigeration GmbH, Daikin Industries, Enertech AB, and Mitsubishi Heavy Industries among others.

Leading players operating in the global heavy-duty heat pump market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering heavy-duty heat pumps with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

  • In April 2022 – Daikin Industries, Ltd. announced the acquisition of Duplomatic MS S.p.A. The acquisition price is 220 million euros Acquisition is scheduled for completion in June 2022 when Daikin is expected to obtain all shares from Alcedo Sgr S.p.A., an Italian private equity firm, and the management of Duplomatic, after concluding all necessary procedures for acquisition
  • In February 2023- Fonterra and MAN Energy Solutions are entering a strategic partnership to reduce CO2 emissions in dairy production using climate-friendly heat pump technology for steam generation.
  • CTC has two types of air-to-water heat pumps. Variable-speed heat pumps and those with a start-and-stop function. The CTC EcoAir 600 series consists of newly-developed heat pumps with a variable-speed compressor and they adapt to the building’s output needs. When more heat or hot water is required, the output of the heat pump increases. When less output is required, the pump operates at a lower speed.

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Key players

  • Thermax Ltd
  • Star Refrigeration
  • GEA Group
  • MAN Energy Solutions
  • Oilon OY
  • Siemens Energy
  • Johnson Controls
  • Friotherm AG
  • Engie Refrigeration GmbH
  • Daikin Industries
  • Enertech AB
  • Mitsubishi Heavy Industries

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Role of Coal Tar Pitch in the Aluminum Industry: Market Analysis Value to Grow by Almost US$ 5,145.5 Million by 2028

According to Future Market Insights (FMI), the coal tar pitch market will increase by 5.5% year on year in 2022, reaching a value of around US$ 3,749.6 Million by the end of 2022. The global business is expected to grow at a significant 5.4% CAGR between 2022 and 2028.

Tier-1 companies in coal tar manufacturing represent 60-70% share of the total market revenue. With massive coal tar distillation capacities across the globe, these players in the coal tar pitch landscape maintain their focus on both, standard grade and special grade coal tar pitch (CTP) production.

Tier 2 players have a strong presence over restricted regions, whereas that of Tier 3 competitors is limited to regional sales. Standard-grade coal tar pitch is the key focus area for the latter two, according to Future Market Insight’s study on the global coal tar pitch landscape.

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“Production facility expansion, strategic acquisitions, and CTP product innovation will remain the key developmental strategies trending among leading players,” says a senior research analyst at FMI.

The analyst adds further, “Massive Aluminum demand from automotive and transportation sectors has been pushing the Aluminum production levels 4-5% (yearly) since the recent past. Growing demand for lightweight vehicles is among the most impactful factors driving the consumption of Aluminum, subsequently contributing to sales of coal tar pitch”.

Long-term Contractual Partnerships & Backward Integrated Supply Rule Strategic Minds of Coal Tar Pitch Manufacturers

While manufacturers of coal tar pitch are preferring long-term supply contracts with leading coal tar manufacturers, FMI has also identified these players entering strategic partnerships with steel manufacturers, where coal tar is often the byproduct of coke processing ovens.

A few other activities that make this landscape dynamic include long-term contracts between manufacturers of coal tar pitch and those of primary aluminum and graphite electrode, with a sole objective to sustain the coal tar pitch supply to end markets.

Aluminum Grade CTP Holds a Winning Revenue Share in Coal Tar Pitch Market

Application-wise, around 80% revenue share belongs to the aluminum electrode, according to the study. As coal tar pitch is increasingly being consumed by aluminum smelters lowing to higher sustainability and economic feasibility, the mushrooming Aluminum production is constantly driving the growth of coal tar pitch landscape.

In 2019, the revenue of Aluminum grade coal tar pitch is pegged for over 5% Y-o-Y growth. Besides, Graphite electrode is also slated for promising performance and the application base of coal tar pitch as a chemical intermediate in carbon black manufacturing is visibly growing.

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Competitive Landscape

Over the past few years, manufacturers are shifting their focus toward emerging regions to cater to the growing demand from the application segments. Several key players are also focusing on expanding their production capacities, product launches, R & D, and are also focusing on mergers & acquisitions.

For Instance,

  • In 2017, Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., announced its new long-term coal tar supply agreement with leading steelmaker ArcelorMittal.
  • In 2018, Himadri Specialty Chemicals Ltd announced its plan to expand its production facility at Singur in West Bengal by making a planned investment of Rs 1,000 crore over the next five years.

China Commands over Global Coal Tar Pitch Landscape, India Leads Asia Pacific’s CTP Scenario

China, India, Russia, and Western Europe have a significant aluminum production base, whereas MEA is demonstrating promising growth in the coal tar pitch landscape in recent years. North America, however, is observing passive growth over the recent past, post-decline in aluminum production levels.

According to the FMI’s report, China is the global leader in the coal tar pitch ecosystem owing to significant Aluminum production and thriving production levels of Graphite electrodes. China is projected for a 6% year-on-year revenue growth by this year’s end, reflecting ample growth opportunities for coal tar pitch manufacturers.

On the other side, APAC’s market for coal tar pitch is witnessing growth concentration in India that has been attributed to an impressive rate of Aluminum production in the country.

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Coal Tar Pitch Market Market by Category

By Form:

  • Solid
  • Liquid

By Grade:

  • Aluminum Grade
  • Graphite Grade
  • Special Grade

By Application:

  • Aluminum Electrode
  • Graphite Electrode
  • Roofing Coating Material
  • Blast Furnance Linings
  • Chemical Intermediates
  • Sealants

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Development of Specialized ‘Zero QI Impregnating’ Coal Tar Pitch Expands Applicability

A specialized ‘impregnating’ pitch obtained by processing coal tar at a high temperature is widely used in the Graphite industry during the electrode manufacturing process. The resultant technological advancements in the life of electrodes push CTP applications in roofing, coating, electrode, refractory, and others.

Explore FMI’s Extensive ongoing Coverage in the Chemicals & Materials Domain

Coal Briquettes Market: The global coal briquettes market is expected to hold a value worth US$ 2,273.8 Million in 2022. During the forecast period of 2022-2032, the market is expected to experience a CAGR of 4.2%, garnering US$ 3,431.2 Million.

Wood Charcoal Market: Future Market Insights (FMI) has estimated the market of wood charcoal to witness a year-over-year growth of 2.3% in 2022 reaching a value of about US$ 21,014.6 million by the end of 2022.

Pitch Coke Market: Coke is a synthetic raw material used for the production of carbon in combination with binding agents (or binders). There are various types of coke, such as petroleum coke, needle coke, pitch coke, carbon black coke, and metallurgical black coke.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Future of the Metallic Stearates Market: An Essential Additive in the Plastic and Rubber Industry

Development of advanced production facilities to cater to Metallic Stearates market prospects; Market leads towards a sizeable share of  US$ 4.0 Billion by 2033

The metallic stearates market size is projected to be valued at US$ 2.6 Billion in 2023 and is expected to rise to US$ 4.0 Billion by 2033. The sales of metallic stearates are expected to record a significant CAGR of 4.5% during the forecast period.

The increased use of metallic stearates in numerous end-use sectors is responsible for the market expansion.

  • They are used as antistatic agents for dry impregnation in the textile sector.
  • They serve as assist in the swelling and suspension of additives like pigments in printing ink processes.
  • Additionally, metallic stearates are included in cosmetics and personal care items like shampoos, eyeliners, lipsticks, sunscreen, medicinal ointments, and foot powders due to their hydrophobic qualities, which stop the goods from collecting water and clumping together.

Consumers’ increased purchasing power and the general public’s increasing awareness of beauty are both contributing to the market’s expansion. In addition, the top players are creating thermostable metallic stearates, which exhibit exceptional color stability in transparent or vividly colored thermoplastics processed at high temperatures. The use of metallic stearates in the metal processing and construction sectors is expected to increase as a result of these advances.

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Key Takeaways from the Metallic Stearates

  • Countries such as the United States are the global hub for the most highly valued personal care and wellness products, which would likely lead the market towards a revenue share of US$ 761.7 Million by 2033
  • With a revenue share of 41.2%, Asia Pacific was the largest geographical market in 2020. Strong economic expansion in Southeast Asia, China, and India over the past few years has increased demand for the product in a variety of applications.
  • Currently, Germany holds dominance with a growth rate of 4.2% in Western Europe. The automotive and aerospace sector in Germany is constantly developing which is creating immense demands for metallic stearates.
  • Zinc stearates dominated the product segment with the highest growth rate of 4.1% as in the plastic and rubber industries, they serve as lubricants and release agents.
  • Additionally, magnesium stearate improves the capsule’s quality. As a result, it is predicted that, among all applications, the pharmaceuticals category would hold a market share of 15.8% from 2023 to 2033.
  • In terms of both volume and revenue, the plastics and polymers section became the fastest-growing (4.5%) application segment in 2020. The plastics sector primarily uses metallic stearates as lubricants, acid scavengers, and releasing agents. It is essential to the melting process as well.

Competitive Landscape

Product expansions and distinctiveness have a favorable impact on the major players. Manufacturers prioritize creating goods with better surface characteristics. One of the main areas of emphasis for producers is the addition of stearic acid derived from vegetable oil. To gain greater participation in the value chain, companies place a strong emphasis on new product launches, capacity expansion, and collaborations.

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Some of the leading companies operating in the Metallic Stearates Market are

  • Dover Chemical Corporation
  • Valtris Specialty Chemicals
  • Peter Greven GmbH & Co. KG
  • Baerlocher GmbH
  • Faci S.p.A
  • Norac Additives
  • Sun Ace Kakoh (Pte.) Limited
  • PMC Biogenix, Inc.
  • James M. Brown Ltd.
  • Nimbasia Stabilizers LLP
  • Marathwada Chemicals
  • Seoul Fine Chemical Ind. Co., Ltd.
  • IRRH Specialty Chemicals India Limited
  • Akrochem Corporation

Latest Developments

  • To distribute Synpro Metallic Stearates throughout Mexico, Kigo Chemical and Valtris Specialty Chemicals signed a distribution deal in September 2020.
  • The alliance with Valtris Speciality Chemicals, a market-leading manufacturer of metal stearates and specialty additives, was announced by Ravago Chemicals North America (RCNA) in October 2020. The Life Ingredients Division’s Food, Nutraceutical & Pharmaceutical (FNP) and Personal Care divisions will get the Valtris components from RCNA through its current product portfolio.

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Metallic Stearates Market

Metallic Stearates by Product Type:

  • Zinc Stearate
  • Calcium Stearate
  • Magnesium Stearate
  • Aluminium Stearate
  • Others (Sodium Stearate, Barium Stearate, etc.)

Metallic Stearates by Application:

  • Metallic Stearates for the Polymers & Plastics Industry
  • Metallic Stearates for Rubber Industry
  • Metallic Stearates for the Pharmaceuticals Industry
  • Metallic Stearates for Personal Care & Cosmetics Industry
  • Metallic Stearates for Construction Industry
  • Metallic Stearates for Paints & Coatings Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa (MEA)

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
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Future of Car Wax Market: Automotive Industry End-Use Expected to Reach US$ 1.1 Billion by 2028

The global car wax market is expected to witness steady growth, owing to the growing production of vehicles in different regions. This increasing vehicle production is expected to drive the demand for car wax products, which are particularly used in the finishing line in the manufacturing of a vehicle.

Car wax products also register high demand from automotive aftermarket services. The increasing vehicle fleet is expected to upsurge the demand for car wax products, which are mostly used in car wash and car cleaning services.

Future Market Insights published a market report titled “Car Wax Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2022-2028” which examines the car wax market and offers crucial market insights for the next ten years.

According to Future Market Insights analysis, the global sales of car wax are estimated to be valued at US$ 743.5 Mn by the end of 2018 and are expected to register a 4.2% CAGR over the period of 2022–2028. This report divulges the demand for car wax and its break-up based on different types, forms, and end uses.

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North America held the lion’s share in terms of the global vehicle fleet in 2017. As per the reports of OICA, the region holds a 21.2% share in terms of the global vehicle fleet. Western Europe, with a 19.8% share in the global vehicle fleet, is also expected to provide lucrative opportunities for the sales of car wax products in aftermarket car care services.

Segmentation Analysis

The global car wax market is estimated to witness steady growth, owing to the increasing demand for aftermarket car care services. Increasing vehicle fleet is the key driving force surging the demand for car wax products in aftermarket car services. SUV, mid-range, and upscale cars account for around a 47% share of the demand for car wax products in aftermarket car care services.

As per the reports of OICA, global vehicle production was reported to be 7.1% of the global vehicle fleet in 2017. Attributing to this, the demand for car wax products is expected to remain high in aftermarket car care services over the forecast period. Liquid car wax is expected to gain traction over the forecast period, owing to its easy-to-apply characteristics and low cost.

The demand for the liquid form of car wax is expected to remain high in aftermarket car care services, owing to the less time required for applying liquid car wax as compared to paste car wax. The demand for paste car wax is expected to be driven by vehicle manufacturers who usually prefer long-lasting products for the finishing of vehicles.

Regional Market Projections

Based on region/country, China is anticipated to dominate the global car wax market throughout the forecast period. In China, the car wax market is expected to expand at a CAGR of around 9.6% during the forecast period. Moreover, Latin America and India are anticipated to register relatively higher CAGRs during the forecast period.

These two regions, coupled with Latin America, are expected to register attractive growth rates in the global car wax market during the forecast period. The Western Europe car wax market is at a mature stage and is expected to witness slow growth over the forecast period.

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Global Car Wax Market Competitive Landscape

Some of the players reported in this study on the global car wax market include 3M, Turtle Wax Inc., Darent Wax Company Ltd, Mothers Polishes Wax Cleaners Inc., Sonax GmbH, Treatment Products Ltd, Northern Labs Inc., Swissvax AG,  Waxpol Industries Ltd, Carsco0 Inc., Shenzhen Marpa Imp & Exp Trading Co., Ltd and Kao Chemicals GmbH, among others.

Car Wax Market Key Segments

Car Wax Market by Type:

  • Natural Car Wax
  • Synthetic Car Wax

Car Wax Market by Form:

  • Liquid Car Wax
  • Car Wax Paste

Car Wax Market by Sales Channel:

  • Car Wax Manufacturers
  • Car Wax Retailers and Distributors

Car Wax Market by End Use:

  • Original Equipment Manufacturers
  • Aftermarket

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COVID-19 Impact on Car Wax Market

Many changes in car-buying behavior and mindsets have resulted from the COVID-19 pandemic. Lockdowns around the world in 2020 as well as continued limitations in 2021 affected the car wax supply chain, causing issues for car wax providers.

Unprecedented problems as a result of the pandemic’s predicted third and following waves are producing a bleak outlook. Changing prices, competition, and shifting OEM demands are projected to be major difficulties for car wax suppliers. However, the car wax market will be bolstered by an economic revival in most of the developing nations.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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By 2023, the market is expected to be worth US$ 3.5 billion, and it will eventually be worth US$ 5.8 billion,an expected CAGR of 5.2% is for the period 2023 to 2033.

3.4 billion dollars would be spent on the downhole tractor market globally. The market is growing as companies offer highly developed downhole tractors with numerous integrated technologies. By 2033, a valuation of US$ 5.8 billion is expected, with a CAGR of 5.2%.

During the forecast period, it is anticipated that the market growth will be driven by the rising demand for electrically driven downhole tractors rather than mechanically driven tractors. For larger-capacity projects, there is an increasing demand for downhole tractors. Some of the top market players are concentrating on product innovation and launches to keep up with shifting needs.

One of the major drivers for the downhole tractor market is increasing industrialization and growing oil & gas production activities in various regions. The demand for 500 to 1000 lbf pull force downhole tractor for onshore application is high in the Americas, East Asia, and Middle East & Africa. A higher pull force is demanded in Europe, South Asia, and the Pacific

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The demand for the downhole tractor is increasing owing to its increased adoption rate and increased application in production logging, pipe inspection, and cleaning. With all these factors, the market is gaining momentum in countries like the United States and MEA region.

Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of 4.8%
  • Based on force, the 500 to 1000 lbf force segment to accumulate a market share of 32.5% in 2022
  • By application, the offshore segment dominates the market with a share of 35%
  • North America to emerge as a promising market, that captured nearly 43% of the global market share in 2022
  • Asia Pacific is an opportunistic market, expected to capture 37.2% of revenue share in 2023.

“Growing demand in the end-use industry and technological innovation in downhole tractors are expected to drive the market in the forecast period.”- reports an FMI analyst.

Competitive Landscape

Prominent players in the downhole tractor market are Halliburton, Schlumberger, Aker Solution, WWT International, Expo Group, Baker Hughes GE, ALTUS Intervention, and Hunting Plc among others.

Leading players operating in the global downhole tractor market are focusing on intensive research and development for launching innovative products and services in the market. Product innovation is the key strategy adopted by market players.

Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market. The market players are also emphasizing offering radar systems with high reliability and high performance.

  • In April 2023 – Halliburton Company announced the implementation of the Auto Pumpdown™ service within Halliburton’s hydraulic fracturing business. The Auto Pumpdown service enables wireline and pump automation during unconventional completion operations.
  • In February 2023—SLB announced it has completed the acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology
  • In September 2021- WWT Expanded its coiled tubing tool portfolio by introducing 3 new tools to the line of coiled tubing tractors hydro hammer, InteliPulser, and InteliLog.

Know More about What the Downhole Tractor Market Report Covers

Future Market Insights offers an unbiased analysis of the global downhole tractor market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the downhole tractor market, the market is segmented based on configuration, force, and application industry, across five major regions.

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Key Segments Covered in the Downhole Tractor Industry Analysis

By Configuration:

  • 2 Drive
  • 3 Drive
  • 4 Drive

By Force:

  • Up to 250 lbf
  • 250 to 500 lbf
  • 500 to 1,000 lbf
  • 1,000 to 2,000 lbf
  • 2,000 to 3,500 lbf

By Application:

  • Onshore
  • Offshore

By Well Type:

  • Horizontal wells
  • Directional wells

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

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T: +1-845-579-5705
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Industrial Vacuum Evaporation Systems Market is currently worth US$ 2.43 billion and is anticipated to generate US$ 4.16 billion in revenue by the year 2030.

Over the forecast period of 2020–2030, the industrial vacuum evaporation systems market is expected to grow at a CAGR of 6.1%. Industrial hoover evaporation systems have continued to see growth in the commercial market as waste management becomes a priority for governments around the globe. Rising industrialization, which has led to the emergence of important chemical manufacturing facilities, is another factor supporting growth. The onset of COVID-19 caused a significant blip, but as vaccination procedures advance quickly, players are confident in a recovery because on-site business operations will resume, restoring the demand-supply equilibrium in the coming years.

“Adoption of strict emission and wastewater discharge control regulations over key regions is fast-tracking implementation of industrial vacuum evaporation systems, with precise prominence on wastewater treatment all over the chemical industry“ states the FMI analyst.

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Important Highlights

  • North America will lead among other regions, recording a CAGR of over 6% during 2020-2030.
  • Chemical industry will foresee highest implementation of vacuum evaporation systems and will touch US$ 910.8 Mn towards 2030.
  • Wastewater treatment & recycling application segment is creating huge investment prospects for manufacturers, and recording a CAGR of over 6% 2021 onwards.
  • Multiple effect thermal evaporators are attaining huge popularity among other system type over the forecast period.
  • 1000-2000 liters/day capacity segment are likely to attain notable momentum in the short-run.

Drivers

  • Strict emission regulation standards by governments are bound to increase vacuum evaporators adoption during the assessment period.
  • Increasing investment by industries in vacuum evaporation systems due to growing water scarcity will be driving market growth.
  • High level of efficiency accomplished at a considerably reasonable price, will continue to fuel demand for industrial vacuum evaporation systems.

Restraints

  • Presence of substitute products for instance conventional chemical precipitation systems will hinder the market growth.
  • The COVID-19 outbreak has negatively impacted the demand and is likely to hold up past the current year hamper the market growth.

COVID-19 Impact on Market

The COVID-19 outbreak has caused sluggishness in the market which will last throughout 2020. Cessation of production exercises to avert further virus spread has led to low adoption of industrial equipment, causing a fall in sales. However, expansion is slated to recover in consequent years with reopening of industrial activities post-pandemic.

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Competitive Landscape

The global industrial vacuum evaporation systems market is foreseeing presence of numerous players. The players are relying on integrating technological innovations, such as automation and AI to provide quality end-products to prospective clients. Furthermore, acquisitions, partnerships and collaborations are also relied upon.

Some key players profiled in FMI’s market are GEA Group, SUEZ, Veolia, PRAB, BÜCHI Labortechnik AG, GEMÜ Group, Heidolph Instruments GmbH & CO. KG, S.A.I.T.A SRL, WIGGENS GmbH, IWE SRL, Condorchem Envitech, ENCON Evaporators, Eco-Techno SRL, Sanshin Mfg. Co. Ltd. and EYELA.

About the Study

The study offers readers a comprehensive assessment of the industrial vacuum evaporation systems market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of application (wastewater treatment & recycling, solvent recycling & purification, distillation, synthesis, concentration, drying and recrystallization), system type (mechanical vapor recompression evaporator, heat pump evaporator, co-generation hot & cold evaporator, rotary evaporator and thermal evaporator), capacity (upto 100 liters/day, 150-500 liters/day, 500-1000 liters/day, 1000-2000 liters/day, 2000-4000 liters/day, 4000-8000 liters/day, 8000-20000 liters/day and 20000-50000 liters/day) and end-use industry (pharmaceutical, chemicals, metallurgy, printing & textiles, oil & petrochemicals, food & beverages, semiconductors, power generation and medical & research laboratories), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Research and Development in the Hexylene Glycol Market in the Personal Care and Cosmetics Industry

The global hexylene glycol market was valued at around US$ 187 Million in 2021, with a market volume of 73,590 tons. Hexylene glycol is witnessing high demand in the personal care and cosmetics industry since it is used as a surfactant, emulsifier, and viscosity-reducing agent in several products.

Moreover, the growing utilization of hexylene glycol as a direct solvent in paints & coatings, household and industrial cleaners, etc., is expected to pave the way for decent sales during the forecast period (2022-2029).

“Low evaporation rate and complete miscibility with water make hexylene glycol an excellent solvent. As a result, its application across several end-use industries is projected to rise, driving market growth over the forecast period.”

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Key Takeaways from Global Hexylene Glycol Market Study

  • Pharmaceutical and industrial-grade hexylene glycol is likely to be sought-after in the future, owing to the growth of the pharma and construction industries.
  • Demand for printing inks is rapidly increasing due to the rapid growth of the packaging industry. This factor will drive the growth of the hexylene glycol market, owing to its application in the formulation of printing inks.
  • Growth prospects are high in emerging markets such as India and Indonesia. Companies are focusing on different strategies to ensure a good presence in both, emerging and matured markets. Since there are limited opportunities for hexylene glycol manufacturers in developed regions, manufacturers are focusing on emerging markets to capture a larger market share.
  • East Asia, South Asia, and North America are expected to be prominent regions over the forecast period, owing to the presence of a large number of tier II & III players in East Asia and tier I players in North America.

Hexylene Glycol Market: Competitive Landscape

The hexylene glycol market is fairly consolidated. Global players such as BASF SE, Solvay SA, Dow DuPont, and Lonza Group have invested strategically in the hexylene glycol market in the recent past, which suggests that major manufacturers are keeping tabs on the market, as it holds a lot of potential in the coming future.

Research & development, coupled with the expansion of production capacity and footprint, remains the key strategy being followed by hexylene manufacturers to enhance productivity and capture new market opportunities.

Looking for More Information?

The market report on hexylene glycol published by Future Market Insights brings to the fore a pin-point analysis of the market and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global hexylene glycol market based on various categories – grade (pharmaceutical and industrial), application (solvents, chemical intermediates, antifreeze, and others), and end use (construction, drugs, paints & coatings, chemicals, oil & gas, leather & textiles, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global hexylene glycol market. Some of the market players included in the report are BASF SE, Solvay SA, Dow DuPont, Lonza Group, LANXESS, and Arkema, among others.

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Hexylene Glycol Market by Category

By Grade :

  • Pharmaceuticals
  • Industrial

By End-use :

  • Construction
    • Adhesives
    • Concrete Additives
  • Drug
    • Pharma Excipients
    • Formulating Agent
  • Paints & Coatings
  • Chemicals
  • Oil & Gas
  • Leather & Textile
  • Others

By Application :

  • Solvent
  • Chemical Intermediate
  • Antifreeze
  • Others

By Region :

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

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North America Holds Noteworthy Share

North America is anticipated to hold a prominent share of the global hexylene glycol market, owing to increasing demand from the paints & coatings industry. Another key factor driving the growth of the hexylene market in North America is the focus of manufacturers on the customization of products as per specific applications. Hexylene glycol is also prominently used as an antifreeze agent in North America, which is bolstering its sales in the region.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Role of Calcite Market in Construction: Properties and Benefits to Improving Product Quality and Efficiency

The growing demand for building or structure safety measures across residential, commercial, and industrial sectors are key factors driving the global calcite market. According to a study by Future Market Insights (FMI), calcite sales will continue rising in response to increasing industrial applications and rising construction activities. According to FMI, the market will surpass US$ 15.14 Billion by 2021.

The demand for ground calcium carbonate or GCC calcite will remain significantly high. It is expected to account for over 60% of calcite sold globally in 2021. Increasing demand for cement has resulted in significant growth in demand for calcite.

Besides this, the demand from the paper and pulp industry will enable the market to exhibit consistent growth through the forecast period. The global calcite market is anticipated to grow owing to the increasing investment in residential and commercial construction.

Besides this rapid urbanization will pave the way for the expansion of the market. This is especially true in the case of developing countries in the East. Following a temporary period of sluggish growth amid COVID-19, construction sector revival is on the cards for countries such as India and China.

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According to Invest India, the construction industry in India is expected to record a CAGR of 15.7% by 2022. Considering this, India will continue presenting lucrative growth opportunities for the market through the forecast period.

Key Takeaways of Global Calcite Market Study

  • The U.S. will account for over 80% of the North American calcite market in 2021
  • The overall value of the calcite market in the U.K. will surpass US$ 560 Mn in 2021
  •  France and Germany will remain lucrative markets for calcite backed by increasing construction activities
  • Surging investment in infrastructural development will continue fuelling demand in Japan and South Korea

“As a result of operating in a highly competitive environment, market players have been focusing on product improvement and launches as key strategies to gain a competitive edge. Besides this, some of them are seeking out strategic collaborations to expand their footprint as well as product portfolio” says a lead FMI analyst.

Market Landscape Continues to Remain Moderately Fragmented

The global calcite market has been identified as a significantly fragmented market with an unorganized sector occupying a major section. The Tier 1 manufacturers account for the maximum share of the global market. Some leading players included in the report are:

Imerys S. A.,  Omya AG, J. M. Huber Corporation, Minerals Technologies Inc. and Gulshan Polyol Ltd. Tier 2 manufacturers such as ASEC Company for Mining,  Esen Mikronize A.S,  Wolkem India Ltd., Shandong CITIC Calcium Industry Co., Ltd. and Tier 3 manufacturers such as Columbia River Carbonates, Jay Minerals, Golden Lime Public Co., Ltd., Longcliffe Quarries Ltd., Vietnam CMT Joint Stock Company, Mississippi Lime Company and many regional players’ manufacturers across the globe are anticipated to create a tough competitive environment on the global level.

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How is Calcite Sale Affected by Applications in Construction Industry?

The growth in the construction industry is expected to have a high impact on the demand for calcite in the building materials market. The demand for building materials is increasing due to the ongoing construction activities in both commercial and residential sectors. Cement production has been increasing significantly in recent years owing to the high investment in infrastructure development activities.

This has emerged as a chief factor fuelling the demand for calcite in countries such as China, UAE, Saudi Arabia, India, and others. Thus, the increasing use of building materials and cement in these countries will significantly affect calcite market growth

Want to Know More?

Future Market Insights, in its new report, offers an unbiased analysis of the global calcite market, analyzing historical demand from 2016-2020 and forecast statistics for 2021–2031. The study reveals growth projections on the calcite market based on type (GCC and PCC), size (coarse and fine), and applications (pulp & paper, polymer & plastic, paints & coatings, cement, adhesives & sealants, and agriculture) across key regions (North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East, and Africa)

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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For Sales Enquiries: sales@futuremarketinsights.com
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History and Evolution of Lining Market in Fashion Sector to Reach a Valuation of US$ 5,820.8 Million by 2028

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

Global lining market prospects are likely to be significantly influenced by the increasing investments in oil and gas exploration activities and augmenting production capacities of refineries.

Moreover, surging demand for trade through marine ports coupled with the growing shipbuilding industry and frequent repair and maintenance of linings in shipping are some key factors favoring the growth of the global lining market.

Charts and Data Tables About Market and Segment Sizes for a Historic Period of Ten (2018-2028) years have been Covered in this Report. Download the Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7246

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

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

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

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

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

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

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

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

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

Key Segments Covered

The linings market is segmented as given below:

By Product Type:

  • Polymer
  • Rubber
  • Ceramic & Carbon Brick Line
  • Tile Lining

By Chemistry:

  • Solvent borne
  • Waterborne
  • Powder

By End Use:

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

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Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

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

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

Explore FMI’s Extensive ongoing Coverage in the Chemicals & Materials Domain

India Retail Mineral Turpentine Oil Market: Sales of retail mineral turpentine oil in the country is expected to witness a steady growth rate at a CAGR of 9.5% during the evaluation period from 2022 to 2032. It is expected to top a valuation of US$ 113.2 Mn by 2032.

Above the Waist PPE Market: The global above-the-waist PPE market garnered a market value of US$ 28 Billion in 2022 and is expected to accumulate a market value of US$ 50 Billion by registering a CAGR of 5.9% in the forecast period 2022-2032.

Carboxy Therapy Market: The global carboxy therapy demand is subjected to growth at a CAGR of 12.4%. The market revenue is likely to be valued at US$ 98.2 Mn in 2022 and exhibit a revenue growth to achieve US$ 308.37 Mn by 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com
Browse the latest Market Chemicals & Materials Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials

Growing Demand for Polysilicon Market in the Solar Industry to Net Worth of US$ 11.8 Billion by 2028

The global polysilicon market is anticipated to hold a valuation of US$ 8.5 Billion in 2022, and progress at a steady CAGR of 5.6% to attain an estimated net worth of US$ 11.8 Billion by 2028. The widespread installations of solar photovoltaics (PV) are expected to drive the demand for silicon products.

As the popularity of solar energy generation increases, demand for solar-grade polysilicon products is also expected to see a major rise over the forecast period of 2022 to 2028. Rising demand for electronics and semiconductors is also set to propel sales of electronics-grade polysilicon materials.

Future Market Insights present a half-yearly comparison of the growth projections for the market of polysilicon along with the dynamics and key developments impacting the market trends. Polysilicon sales are expected to witness a growth rate of magnitude 4.8% over the first half of 2022 as compared to the growth rate of 4.6% in the first half of 2021, an increase of 20 bps.

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Key Takeaways

  • The predominant influence on the polysilicon market is from several macroeconomic, industrial, and innovation factors. These factors have a positive impact on the growth of the market. At present, the market is witnessing a trend of an increase in the production capacities of the key manufacturers.
  • Owing significant demand from certain end-use sectors such as growth in solar cell installations, surging investments, and incentives in solar PV installations along with growth in semiconductor sales are driving sales in sales in the global market.
  • Due to a significant development in the end-use industries, the market is anticipated to maintain its year-over-year growth throughout the forecast years (2022-2028).
  • Sustainability has emerged as a prominent trend over the past couple of years, and it has picked up pace in recent times as well. By completely changing the course of many industrial verticals, polysilicon has gained traction over the years since its scope of application in solar panels and semiconductors and electronics has increased substantially.
  • Rapid urbanization and the increasing adoption of renewable energy sources across various geographies have led to a significant surge in solar installations across the world.
  • A significant rise in the business potential of polysilicon can be witnessed in developing countries like India since the manufacturing of polycrystalline silicon has increased over the forecast period. Polysilicon production through the Siemens process is one of the most common methods used at production facilities globally.

Competitive Landscape

Wacker Chemie AG, OCI Company Ltd., GCL-Poly Energy Holdings Limited, TBEA Co. Ltd, REC Silicon ASA., CSG Holdings Co. Ltd., Tokuyama Corporation, Daqo New Energy Co. Ltd., Mitsubishi Materials Corporation, Hanwha Chemical Co. Ltd, Asia Silicon, Osaka Titanium Technologies Co. Ltd., Qatar Solar Technologies, Hemlock Semiconductor Corporation are some of the key companies profiled in the full version of the report.

The polysilicon market is partially fragmented and offers fair opportunities to major players as well as new entrants in the industry. Polysilicon manufacturers are majorly focusing on bolstering their production capacity across multiple geographies to meet increasing demand from emerging economies with high manufacturing activity.

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Key Segments Covered in the Water Source Heat Pump Industry Analysis

Key Segments of the Polysilicon Industry Survey

Polysilicon Market by Grade:

  • Solar Grade Polysilicon
  • Electronics Grade Polysilicon

Polysilicon Market by Region:

  • North America Polysilicon Market
  • Latin America Polysilicon Market
  • Europe Polysilicon Market
  • East Asia Polysilicon Market
  • South Asia & Pacific Polysilicon Market
  • Middle East & Africa (MEA) Polysilicon Market

More Insights into the Polysilicon Market

Under the polysilicon industry analysis, there is a thorough study of regional markets including North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA). We provide a detailed assessment of specific information about each region.

Together, East Asia, South Asia, and the Pacific regions are expected to account for more than 90% of the global polysilicon market share in 2022. Developing nations including India and China are expected to have a high demand for polysilicon products. This can be attributed to the rapid development of the Chinese solar industry and government backing for the industry.

The North American region is anticipated to account for a 2.8% global market share. The surge in solar installations across the United States is expected to show steady growth over the forecast period and drive demand for polysilicon materials. The European market is also anticipated to rise on similar lines and have a very small market share of 2.1% in the year 2022.

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India is predicted to be one of the most prominent markets in the Asian region. It provides a lucrative setting for polysilicon shipments and the government plays a vital role in promoting solar energy generation in India, and this is expected to drive demand for solar-grade polysilicon products.

Per the Indian government’s recent rules and regulations, it has given a green flag to foreign direct investment for renewable power generation, which is expected to attract investors from all over the world. Top polysilicon manufacturers from 2020 and 2021 have also been profiled in this polysilicon market survey.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
Browse the latest Market Chemicals & Materials Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials