Acaricide Market is Forecasted to be Appraised at US$ 399.8 Million by 2032, Advancing at a CAGR of 4.3%

Acaricides are pesticides that kill ticks and mites and help animals gain immunity against various infectious diseases. Acaricides work by interfering with the nerves, muscles, respiration and growth of mites and ticks.

Cattle farmers need to use acaricides to prevent tick infestation and injury to animals. Losses due to tick infestations can be considerable and ticks cause paralysis and physical damage to cattle. Some acaricides might be toxic to fishes and other wildlife and have to be applied cautiously to prevent damage to ecosystem.

A large variety of diseases are transmitted by ticks that severely affect the livestock. Major diseases transmitted by ticks include theileriosis, heartwater, anaplasmosis, and babesiosis.  In order to stop the transmission of diseases, the ticks need to be killed before they feed on vulnerable animals and transmit diseases to other organism. Use of chemical acaricides is the most common and effective method of killing ticks.

Emerging economies such as Asia pacific, Latin America and Eastern Europe represent major markets for acaricides due to high cattle farming in these regions. Rising population is triggering high demand for agricultural output and meat consumption globally. Growth in crop and meat consumption is further expected to boost the global acaricides market over the forecast period of 2016-2026.

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Drivers and Restraints 

Emerging markets such as Brazil, India and China, with rapidly growing populations and faster economic growth, have steadily increased their meat as well as crop/ grain consumption. The increase in consumption of meat is expected to be major driver for acaricides market growth globally.

The rising demand for dairy products and new developments in crop industry are also among key driving factors for the acaricides market.

However, certain species of ticks and mites have developed resistance to acaricides, which pose certain limitations to acaricides market growth. High raw material cost and various stringent government regulations are also expected to hamper the growth of acaricides market over the forecast period.

Regional Outlook 

Regionally, the acaricides market is segmented into seven key regions namely- North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa and Japan. Emerging economies of Asia Pacific, Latin America and Eastern Europe are expected to represent fastest growth in global acaricides market.

China and India are major consumers of acaricides due to intensive cattle farming. The use of acaricides to the control ticks growth has improved the viability of cattle farming in these countries. In contrast, demand for acaricides in North America, Western Europe, Japan, and South Korea will be moderate due to market maturity and already high use rates.

Market Players 

Some of the key players included in this study of global acaricides market are Bayer AG, Syngenta, Monsanto, DuPont, BASF SE, The Dow Chemical Company, Makhteshim, Nufarm, Sumitomo Chemicals and Arysta Lifescience.

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Acaricide Market Segmentation 

Acaricides market is segmented on the basis of type, application, mode of application and region.

On the basis of type, the acaricides market is segmented into the following segments:

  • Natural
  • Arsenicals
  • Chlorinated  hydrocarbons
  • Organo-phosphorous compounds
  • Others

On the basis of application, the acaricides market is segmented into the following segments:

  • Animal husbandry
  • Agriculture
  • Others

On the basis of mode of application, the acaricides market is segmented into the following segments:

  • Dipping vat
  • Spray
  • Spray race or Spray dip machine
  • Hand dressing
  • Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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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Boric Acid Market is Set to Exhibiting a CAGR of 5.3% during the Forecast Period by 2032

Boric acid also known as hydrogen borate, orthoboracic acid, and boracic acid is odorless, white, weak monobasic acid.  It has a crystalline structure usually available as a water-soluble powder form. The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market.

Asia-Pacific except Japan has substantial growth in the global boric acid market, attributed to the growing demand for energy due to rapidly growing population in the region, especially in China and India.

Global Boric Acid Market Dynamics:

The growth of the global boric acid market is driven by growing demand for boric acid in energy saving appliances such as insulation of residential and commercial buildings. Macroeconomic factors such as rising per capita income and employment rate as well as the rapid rate of industrialization driving the global boric acid market.

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Growing demand for fiberglass, growing energy needs, rising awareness of energy conservation methods, and rapid rate of urbanization also fueling the demand of global boric acid market. Utilization of boric acid in energy generation from oil trending the global boric acid market.

Some other factors trending the global boric acid market include high demand for electronic devices, glazed ceramics, and LCD televisions. The company providing the boric acid have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy.

The boric acid market also has a significant opportunity in the North America and Western Europe region, attributed to growing construction industry in the region.

Global Boric Acid Market Segmentation:

The global boric acid market is segmented on the basis of end-user, application, distribution channel, and region. On the basis of end-user, the boric acid market is segmented as tiles, ceramic and fiberglass, agriculture, wood preservation, pharmaceuticals, and cosmetics. Among the end-user segment, manufacturers of ceramic and tiles and fiberglass segment contribute for the significant revenue share over the forecast period in the global boric acid market.

On the basis of application, the global boric acid market is segmented as industrial/commercial and household, wherein industrial/commercial have significant revenue share and are expected to have substantial growth rate. On the basis of a distribution channel, the boric acid market is segmented as wholesale, e-Commerce, and retail shop.

Retail shop segment is further fragmented as hypermarket/supermarket, independent shop, and convenient shop. Among the distribution channel segment, wholesale segment contributes for the significant revenue share over the forecast period in the global boric acid market.

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Global Boric Acid Market Regional Outlook:

Based on the geographies, the global boric acid market is fragmented into seven regions — North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa.

Among the regions, North America accounts for a significant share of the global boric acid market in terms of value, attributed to rising employment rate and rising disposable income. Western Europe revenue share is followed by North America region in the global boric acid market, whereas the growth of the boric acid market is relatively low than other regions.

The Asia-Pacific except Japan region accounts for significantly high volume share in the global boric acid market with significant growth rate, owing to the rapid growth of construction industry in the region particularly in countries such as India and China. Eastern Europe and Japan also accounts for significant value share in the global boric acid market.

The developing economy such as Middle East Africa and Latin America have a substantial growth in the global boric acid market, owing to the increasing durability, demand for lightweight, strength, higher thermal efficiency, eco-friendly insulation products over the forecast period. Overall, the outlook for the global boric acid market will have a positive growth over the forecast period.

Global Boric Acid Market Player:

Few players in the global boric acid market include Borax, Tomiyama Pure Chemical Industries, 3M, Sociedad Industrial Tierra, Avantor Performance Materials, Societa Chimica Larderello (SCL), BASF, Russian Bor, Searles Valley Reserves, Eti Maden, Minera Santa Rita (MSR), Gujarat Boron Derivatives, and Quiborax.

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Cold Insulation Market is Forecast to Grow at a CAGR of 8.1% to be Valued at US$ 14,894.8 Million from 2022 to 2032

A technology implemented in industrial operations that are aimed at mitigating the loss of energy across various infrastructures and improving their energy efficiency is referred to as cold insulation. With the increasing growth of industrialization, especially in the HVAC sector as well as refrigeration sector, the demand for various types of cold insulation materials is increasing.

Leading players in the cold insulation market are aiming to introduce versatile materials including polystyrene foam, fiberglass, phenolic foam, and polyurethane foam, in order to meet the specific needs of a wide range of end users, and gain an edge in the global landscape.

Oil & Gas Industry to Trigger Environment-friendly Cold Insulation Materials

The global oil & gas industry is among the biggest consumers of cold insulation materials, mainly due to the burgeoning use of cryogenic insulation equipment in a majority of industrial applications.

Oil & gas end users are bolstering the use of efficient cold insulation materials in cryogenic operations in which very low temperatures need to be maintained while mitigating the loss of energy. This is one of the most prominent factors that are likely to influence growth dynamics of the global cold insulation market

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On the other hand, the awareness about the harmful environmental impact of oil & gas industrial activities as well as cold insulation materials is encouraging oil & gas industry players to switch environment-friendly alternatives to traditional cold insulation materials.

The growing use of various cryogenic gases including Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG), is further triggering the demand for cold insulation materials with low carbon footprint, and this will further improve the sales potential in the global market.

Cold Insulation Market: Region-wise Analysis

Geographically, the global cold insulation market is divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. A mounting number of stakeholders in the global market for cold insulation are witnessing lucrative opportunities in North America, as the region is a leading consumer of advanced materials that are commonly used to improve the efficiency of operations and enable end users to gain better control over all those processes.

The region is also exhibiting a high level of demand for innovative materials that can minimize the impact of various industrial activities on the environment, and this is among the primary factors that will continue to create new opportunities for stakeholders in the North America cold insulation market.

Apart from North America, developing countries in the Asia Pacific region, especially China, are accounting for a substantial share in the global consumption of cold insulation, owing to the rise of industrialization. Constantly bolstering investments in the manufacturing and construction industries in the region are continually contributing to the increasing demand in the region.

In the Middle East & Africa, developing countries such as Nigeria, Kenya, and South Africa are expected to witness the implementation of strict energy efficiency regulations, and this is expected to push the growth of the cold insulation market in the region. In addition, increasing development of infrastructure will further drive growth of the cold insulation market in the region.

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Cold Insulation Market: Segment Analysis

The cold insulation market can be segmented on the basis of the following:

By Type

  • Polystyrene Foam
  • Fiberglass
  • Phenolic Foam
  • Polyurethane Foam
  • Others

By Application

  • Oil & Gas
  • HVAC
  • Refrigeration
  • Chemicals
  • Others

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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Braze Alloys Market is Expected to Grow at a CAGR of 4.3% during the Forecast Period by 2032

The global braze alloys market is witnessing an upsurge in recycling processes as manufacturers are innovating novel approaches for cost-effective manufacturing of braze alloys.

Leading players in the global aluminum industry are also banking on innovative approaches for development, identification, and implementation of economical solutions to optimize the benefits of aluminum recycling.

Further, market players are focusing on automating and optimizing processes through pre-sorting, shredding, and separation methods that help recycled braze alloys to achieve favorable characteristics.

Global Braze Alloys Market – Growth Drivers

Braze alloys are witnessing significant demand from the automotive industry, where in they are used in condenser and evaporator connections for air-conditioning systems, fuel injection pipes, and brake linings.

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The end-use industry has been striving to develop lightweight automotive components. Copper and aluminum based braze alloys are light in weight and offers superior performance. Moreover, adoption of braze alloys would surge in the coming years, given considerable investments in automobile production in developing regions.

Moving ahead, braze alloys are also finding huge application in aerospace industry, as they are crucial in manufacturing of aircraft components that are highly resistant against high temperature and pressure, and corrosion.

Furthermore, rise in usage of recycled aluminum metal-based braze alloys in aerospace industry will provide lucrative opportunities for market players.

Global Braze Alloys Market – Growth Restraints

Fluctuating prices of raw materials, used in manufacturing of braze alloys, are a major concern for market players. Inadequate capacity and slumping manufacturing activities are disturbing the supply chain of braze alloys market.

Copper is the base metal in the production of copper-based alloys. As such, volatilities in process of manufacturing copper-based braze alloys is projected to have adverse impact on market growth.

Impact of COVID-19 on Global Braze Alloys Market

The COVID-19 pandemic is severely affecting the revenue pool of braze alloys market. Interruption in manufacturing process of automobiles in APAC and Europe has significantly reduced the demand for braze alloys.

Industries are not focusing upon new launches of vehicles, rather they are concentrating on sales of previously manufactured vehicles.

Going forward, reduced flight operations have halted the manufacturing of aircrafts. As such, continual need of maintenance have decreased amidst the COVID-19 pandemic.

China is the largest producer of raw material for braze alloys. Due to the second wave of pandemic, government has imposed lockdowns and slowed down international transportation. This, in turn, is putting strain on net profit of manufacturers.

Global Braze Alloys Market – Regional Analysis

Asia Pacific (APAC) would remain in the vanguard of the global braze alloys market both in terms of revenue share and CAGR. Rapid growth of end-use industries such as aerospace, automotive, and construction is majorly molding the regional market.

Moreover, governments are playing a crucial role by scaling up their investments in infrastructure development projects, especially in countries – China, Japan, and India. While APAC’s market has been making significant strides, the braze alloys market in North America is also offering relevant revenue creation prospects.

Represented by the US, North America accounts for around half of the global aerospace industry revenue.

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Global Braze Alloys Market – Competitive Landscape

The global braze alloys market is fairly consolidated comprising limited number of players. These market leaders are innovating new approaches for manufacturing braze alloys to maintain sustainability.

Manufacturers are adopting artificial intelligence (AI), for pre-sorting, shredding, and separation of metals. Further, strategic activities such as acquisitions and capacity expansions are shaping the competitive landscape.

Key players in global braze alloy market includes,

  • Johnson Matthey Plc.
  • Morgan Advanced Materials plc.
  • Lucas-Milhaupt, Inc.
  • Oerlikon Metco
  • Umicore N.V.
  • Bellman-Melcor LLC
  • Harimatec Czech
  • s.r.o.
  • Indian Solder
  • Braze Alloys
  • VBC Group.

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Global Braze Alloys Market – Segmentation

The global braze alloys market is segmented on the basis of following,

By Product Type

  • Copper
  • Gold
  • Silver
  • Aluminum
  • Others

By Application

  • Automotive
  • Electronics
  • Aerospace
  • Others

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

About 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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Building Thermal Insulation Market is Likely to Exhibit a CAGR of 4.3% During the Forecast Period Ranging from 2022 to 2032

The global market for building thermal insulation is witnessing a rise in adoption of a variety of thermal insulation materials such as mineral wool, fiberglass, and plastic foams. Ongoing innovation in foamed insulation materials is expected to emerge as a popular trend in the building thermal insulation market.

Furthermore, increasing adoption of building thermal insulation materials in the residential sector is expected to trigger incremental growth of the market in the coming years

Thermal insulation is one of the most commonly known phenomena in the construction industry, which is implemented to reduce the transfer of heat between the adjacent environments. Thermal insulation plays an important role in maintaining ambient temperatures indoors naturally, without having to use additional energy for the same.

In the modern construction industry, thermal insulation in buildings is also considered a way to reduce the carbon footprint of these commercial activities while putting a limit on the conduction of heat to the outdoor environments.

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Heightened Concerns over Energy Conservations Trigger the Use of Building Thermal Insulation

The global market for building thermal insulation is primarily driven by the increasing awareness about the alarming rise in energy consumption and its negative impact on the environmental health. End users are becoming more concerned about their contribution to the carbon footprint of the world and are resorting to options that promote energy conservation through various applications.

Especially in developed countries, the use of building thermal insulation has grown significantly, creating immense potential for growth for stakeholders in the market.

A majority of leading economies and industrialised countries adopted and implemented the Kyoto Protocol in the late 1990s, which promotes use of modern techniques that mitigate energy consumption and greenhouse gas emission.

Today, with the alarming rise in global warming and declining reservoirs of natural resources, most end users in the construction industry across developed countries are insisting on the use of methods that facilitate the conservation of precious energy.

Tax Rebates for Homeowners that Implement Insulation to Create New Opportunities for Stakeholders

Governing bodies around the world are also introducing regulations as well as policies that promote building thermal insulation. Furthermore, by offering tax rebates to homeowners that meet the standard of insulation through re-insulation as well as new home insulation, policymakers are encouraging end users to resort to the option of building thermal insulation.

In addition to this, public awareness about the importance of thermal insulation and its impact on the environment will emerge as an important driving engine for the global market for building thermal insulation in the coming years.

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Building Thermal Insulation Market: Segment Analysis

The building thermal insulation market can be segmented on the basis of the following:

By Material

  • Wool Insulation/Open Cell
  • Stone Wool
  • Fiberglass Wool
  • Plastic Foams/Closed Cell
  • Extruded Polystyrene
  • Polyurethanes

By Building Type

  • Residential
  • Commercial
  • Industrial

By Application

  • Roof Insulation
  • Pitch Roof
  • Flat Roof
  • Wall Insulation
  • Air Cavity Wall
  • External Wall
  • Internal Wall
  • Floor Insulation

Building Thermal Insulation Market: Region-wise Analysis

Based on the geographical factors, the building thermal insulation market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. Being one of the largest consumers of thermal insulation materials, the construction industry in North America is expected to create new growth opportunities for stakeholders in the global building thermal insulation market.

Furthermore, strict governmental regulations about home insulation will further create a favourable growth environment for stakeholders in the region. The insulation market in the European Union is witnessing positive growth, and this is leading the region to account for a significant growth share in the global market for building thermal insulation.

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The state as well as private sector is witnessing a surge in real estate investments coupled with the ongoing constructions in commercial buildings such as corporate buildings, shopping malls, music studios, and sound quality auditoriums, which is further amplifying the growth potential of Europe’s building thermal insulation market.

On the other hand, despite relatively lower awareness about energy conservation, Asia Pacific is emerging as the fastest growing regional market for building thermal insulation. The growing construction activities in commercial and non-residential sectors of developing economies in Asia Pacific, especially in China and India, are contributing to the growth potential of the Asia Pacific building thermal insulation market.

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Activated Alumina Market is Estimated to Secure a Bearish CAGR of 5.8% during the Forecast Period by 2032

Activated Alumina is a dry, granular chemical substance produced by de-hydroxylation i.e., the removal of hydroxyl group ion from aluminum hydroxide. The substance is a form of common alumina and its high porosity has led to its frequent usage in filtration and adsorption purposes. Adsorption is a chemical process where substances adhere to the surface of other substances but do not get absorbed into it.

Activated alumina is used as a desiccant (adsorbent), catalyst and support for the catalyst. The substance is primarily for the filtration of water to remove harmful fluorides and arsenic particulates from it. It is also used to recover sulfur from industrial process usually in petrol refineries and steel plants. Activated alumina is also widely used to dehumidify

PET substances, as a catalyst in the production of hydrogen peroxide, as a filtering agent in various lubricants and various other industrial applications. The increase in usage of activated alumina for various domestic and industrial application has attributed to the growth of the substance and is forecast to expand at a healthy growth rate during 2016-2026.

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Activated Alumina Market Dynamics

One of the major driver for activated alumina market in the industrial division is in its usage in the Claus Process. Activated bauxite was the primary substance used to adsorb and recover sulfur from the by-products but it has since been replaced by activated alumina.

The use of domestic filtration system in houses has increased owing to the increasing awareness regarding health issues, which in turn has led to increase in demand for activated alumina as it effectively removes fluorides from the water.

The market for activated alumina is especially high in the arid regions of the world as the fluoride content of water in these regions is considerably higher. One of the most important prerequisite of any manufacturing factory is the quality of air within its vicinity.

The working environment inside a factory or an industry needs to be dry and moisture-free, wherein air dryers containing activated alumina are widely used. Also, the demand for activated alumina is considerably high in the petroleum industry for air drying purpose.

Furthermore, rising demand for water treatment across the globe is expected to boost the demand for activated alumina in the near future. Demand for water treatment technology is partly being driven by legislation.

For instance, in Europe, all quarries are required to have water recycling facilities. Additionally, the Urban Waste Water Treatment Directive, one of the directives implemented by the European Union (EU), aims to protect the aquatic ecosystem.

One of the major restraints of using activated alumina filters for home is its high cost and single usage. When the concentration of adsorbed particles increases in the filter, it has to be discarded and replaced and the frequency of replacement depends on the amount of water passed through the filter.

Activated Alumina System: Regional Outlook

The Global activated alumina market can be divided into seven geographical locations such as North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. Asia-Pacific market is anticipated to grow steeply in the activated alumina demand, as the usage of water filtration systems is increasing in developing nations such as India, Malaysia and others.

In MEA region, water purification is one of the strongest factor for the increase in demand for activated alumina. European countries such as U.K. and Germany are also expected to grow in the activated alumina market as the number of manufacturing industries are increasing and requirement of dry air increases.

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Activated Alumina System Market: Key Players

Some of the major players which are ahead in the market for activated alumina are

  • BASF SE
  • Bee Chems
  • Garg Chemical Company
  • Shandong Zhongxin New Material Technology Co., Ltd.
  • Sigma-Aldrich Corporation
  • Sorbead India
  • Porocel
  • AGC Chemicals Pvt. Ltd.
  • Hengye Group

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

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as application, physical appearance, and geographies.

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

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Immunohistochemistry Market is Anticipated to Reach US$ 4.59 Billion by 2032, with a Rapid CAGR of 8.4%

Aluminium Chloride Market is Forecast to Grow at a CAGR of 4.2% to be Valued at US$ 1,317.6 Million from 2022 to 2032

Aluminium Chloride is available in crystal form as well as powdered form in white color. It is one of the major compounds of aluminium and chlorine. Some of the key applications of aluminium chloride include waste water treatment, inks, metal precipitation, and food among others. Further, it is used as a catalyst for Friedel-Crafts reaction in organic synthesis and also for cracking of oil.

Moreover, it is also deployed in manufacturing of various petrochemicals which include ethyl benzene, ethyl chloride, and alkylbenzene and alkyl aryl ketone. Moreover, it also finds application as a key ingredient in polymerization reaction of various hydrocarbons.

Depending on the state (gas, liquid, solid) and on the operating temperature, aluminium chloride exhibits different structures such as cubic layered, octahedral geometry and trigonal planar. Aluminium chloride can be produced by various methods which include exothermic reaction of chlorine & metal, displacement reaction between metal and copper chloride & others.

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Global Aluminium Chloride Market: Dynamics 

Upswing in industrialization is expected to in turn augment the demand for waste water treatment solutions so as to reduce pollution levels. Waste water treatment being one of the major application areas for aluminium chloride, demand for aluminium chloride is expected to in turn witness a steady growth during forecast period.

Increasing demand for aluminium metal powder from various industries is the major factor that is expected to propel the demand for aluminium chloride during forecast period. The increasing production of pigments and dye-stuffs especially in countries in Asia Pacific region is expected to drive growth of global aluminium chloride market during forecast period.

Moreover, growth of pharmaceuticals and personal care industry is another factor that is expected to in turn fuel the demand for aluminium chloride, thus driving growth of global aluminium chloride market over forecast period.

Global Aluminium Chloride Market: Region-wise Outlook 

The global aluminium chloride market is divided into seven key regions namely North America, Latin America, Asia-Pacific, Western Europe, Eastern Europe, Japan and Middle East & Africa. Asia-Pacific is anticipated to dominate the global aluminium chloride market during forecast period.

North America and Western Europe regions are expected to witness a steady growth in consumption of aluminium chloride over the forecast period primarily due to increasing demand waste water treatment application.

Global Aluminium Chloride Market: Key Players 

The key players involved in the manufacturing of aluminium chloride include

  • GFS Chemicals
  • Gulbrandsen
  • Cellmark AB
  • Skyhawk Chemicals
  • Southern Ionics
  • Tokyo Kasei Kogyo Co. Ltd.
  • Kemira kemi AB
  • GEO Specialty Chemicals, Inc.
  • Noah Technologies Corporation.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, production methods, end-use industries and applications.

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Regional analysis includes 

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Global Aluminium Chloride Market: Segmentation 

The global aluminium chloride market can be segmented on the basis of production method, application and end-use industries.

On the basis of production method, global aluminium chloride market can be segmented into

  • Chlorination of aluminium
  • Crystallization of anhydrous aluminium chloride from solution of HCL
  • Reaction of bauxite with coke and chlorine

On the basis of application, aluminium chloride market can be segmented into

  • Waste water treatment
  • Inks
  • Synthetic rubber
  • Lubricants
  • Wood Preservatives
  • Others

On the basis of end-use industries, global aluminium chloride market can be segmented into

  • Chemicals
  • Pharmaceuticals
  • Agrochemicals
  • Metal Production
  • Pulp & Paper
  • Others

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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2-EH Market is Expected to Witness a CAGR of 6.7% during Forecast Period from 2022 to 2032

Large amounts of 2-ethylhexanol produced around the world is utilized in the manufacturing of various types of plasticizers such as phthalate and non-phthalate plasticizers. Among these types of plasticizers, phthalates are basically phthalic acid, and they are utilized in a wide range of end-use industries owing to its processing and performance characteristics.

Leading players in the 2-ethylhexanol market are noting that phthalates account for nearly half the global consumption of plasticizers, and consequently, they are aiming to capitalize on the growing demand for 2-ethylhexanol in the phthalates industry.

On the other hand, non-phthalates are plasticizers that do not include any phthalates but comprise of various other components such as diisononyl cyclohexane dicarboxylate (Hexamoll DINCH), bio-based plasticizers, and diethylhexyl terephthalate (DEHT).

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Taking into consideration that plasticizers are commonly used across various applications owing to their chemical properties such as durability, flexibility, utility of materials, and longevity, leading players in the 2-ethylhexanol market are aiming to cater to the specific needs of players in the plasticizers industry.

In the coming years, the demand for 2-ethylhexanol is expected to remain significantly high in areas such as automotive production, construction/remodeling, and original equipment manufacturers (OEMs).

2-Ethylhexanol Market: Region-wise Analysis 

Based on the geographical factors, the 2-ethylhexanol market is broadly divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. The Asia Pacific region holds the largest share in growth of the 2-ethylhexanol market, where China remains a dominant player – accounting for nearly half the revenue share of the 2-ethylhexanol market in Asia Pacific.

In developing countries across Asia Pacific including China, India, Indonesia, and Vietnam, the demand for 2-ethylhexanol is mainly driven by its applications in the plasticizers industry. Furthermore, the building & construction industry in the industry in Asia Pacific is undergoing an architectural boom, creating new potential for 2-ethylhexanol manufacturers in the region.

Leading players are expected to focus on offering 2-ethylhexanol for commercial construction and low-cost housing projects in Asia Pacific, to gain momentum in the region.  China is expected to emerge as the top market for 2-ethylhexanol, as the governing bodies in the country are bolstering the development of infrastructures across various sectors.

The government of China introduced its 13th five-plan plan, which shows the rapid development of roadways, highways, railways, waterways, urban rails, and airports in the country. Furthermore, the country is also a global leader in automotive production, which also opens new growth opportunities for the manufacturers of 2-ethylhexanol in China.

2-Ethylhexanol Market: Competitive Landscape 

  • Dow Chemical Company
  • INEOS Holdings Limited
  • SABIC
  • Chengdu XiYa Chemical Technology Co., Ltd.
  • Formosa Plastic Group
  • Eastman Chemical Company
  • Tianjin Zhongxin Chemtech Co., Ltd.
  • Eastman Chemical Company
  • Elekeiroz S.A.
  • Mitsubishi Chemical
  • Zak S.A,
  • Meryer (Shanghai) Chemical Technology Co.

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Market leaders are focusing on catering to major end-use industries such as building & construction, paints & coatings, marine, and transportation, in order to gain momentum in this landscape.

With the growing presence of regional players as well as global leaders in the global 2-ethylhexanol market, which is likely to lead to market fragmentation in the coming years.

Similar to any fragmented market, small- and medium-sized businesses are expected to face intense competition from top chemical companies in the global 2-ethylhexanol market. Small players are establishing their stronghold in regional markets, while global players are leveraging their large distribution networks for expanding their customer bases.

The Dow Chemical Company – an American multinational chemical corporation headquartered in Midland, Michigan, United States – is a leading player in the global 2-ethylhexanol market. The company manufactures 2-ethylhexanol to mainly cater to the coatings industry, and also in the heavy metals extractant production plants.

Eastman Chemical Company – an American company primarily involved in the chemical industry – is another major stakeholder in the global 2-ethylhexanol market. The company manufactures 2-ethylhexanol that is commonly used in the production of dispersing agents used in pigments pastes.

Another leading player – Zak?ady Azotowe K?dzierzyn is a chemical company based in the city of K?dzierzyn, Opole Voivodeship, southwest Poland. The company offers 2-ethylhexanol to end users in the refining industry, where it is used for enhancing the cetane number, while it also caters to antifoam and foaming agents companies.

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2-Ethylhexanol Market: Segment Analysis 

The 2-ethylhexanol market can be segmented on the basis of the following:

By Type

  • Sapphire
  • Ruby
  • Emery

By Application

  • Plasticizers
  • Non-phthalate
  • Phthalate
  • 2-EH nitrate
  • 2-EH acrylate
  • Others

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Automotive Oil Market is Expected to exhibit a CAGR of 2.7% during Forecast Period from 2022 to 2032

The global automotive oil market is anticipated to reach a valuation of US$ 68,279.6 Mn by the end of 2032. The market is directly impacted by expansion of the automotive industry. Automotive oil is the most commonly used lubricant in vehicles. They ensure that vehicles run smoothly and thus automotive oils and lubricants are essential components of the automobile industry.

The market will profit from rising demand for automotive oils due to increasing need for vehicles across the globe. Engine lubrication materials like automotive oils help in boosting a vehicle’s performance. Its main functions are to reduce friction and remove gunk from engines. It also keeps the engine cool to ensure optimum functioning.

The automotive oil market is evolving as a result of rising consumer demand for high-performing, high-quality oil that will improve fuel efficiency and engine performance. The market is also expected to be supported by increasing usage of passenger cars and commercial vehicles, as well as rapid expansion of the transportation sector in emerging economies.

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“Urgent need to extend the life of engines, stringent vehicle pollution norms established by various government agencies, and production of low-viscosity engine oils to enhance fuel economy are anticipated to drive the global market,” says a FMI analyst.

Key Takeaways: Automotive Oil Market

  • The global market for automotive oil is projected to exhibit a CAGR of 7% between 2022 and 2032.
  • By grade, the mineral segment is expected to remain at the forefront and is estimated to account for about 7% of the global automotive oil market share by 2032.
  • By application, the light commercial vehicle segment is set to exhibit about 35% of the automotive oil market share by 2032.
  • Based on engine type, the diesel segment is estimated to grow at a CAGR of 2% over the forecast period.
  • China is likely to dominate the East Asia automotive oil market and is set to account for more than 70% of share in the region.

 Competitive Landscape: Automotive Oil Market

The market of automotive oil is estimated to be consolidated in nature and key players are expected to account for a considerable share of the market. Some of the top manufacturers include Dutch Shell, Valvoline, BP, ExxonMobil, Total, Fuchs Petrolub, Petronas, Chevron Corporation, Eni Gmbh, Castrol India, and Phillips 66 among others.

Key players are currently focusing on expanding their production capacities to increase their market presence all over the globe and to gain maximum revenue. Top players are also investing huge sums in innovating their existing product lines.

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Automotive Oil Market Outlook by Category

By Grade:

  • Mineral
  • Synthetic
  • Semi-Synthetic

By Engine Type:

  • Diesel
  • Petrol
  • Alternative Fuel

By Application:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Two Wheelers

More Valuable Insights on the Automotive Oil Market

In its latest report, Future Market Insights offers an unbiased analysis of the global automotive oil market, and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, engine type, application, and region.

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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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