Market Research Blog – Page 9218 – New Product Development

De-Agglomerating Equipment Market Share & Size. Examine with Key Insights and Strategy Overview-2032

Deagglomeration continues to be a vital process for operators across multiple industrial ecosystems. The process of deagglomeration, followed by delumping and separation, entails the reduction of sticky and heat sensitive conglomerate masses into crumbs, pieces, or powders of uniform dimensions. De-agglomerating equipment is gaining immense popularity across multiple end-use industries, as it helps in replacing labor-intensive and expensive manual separation processes.

End-users across multiple industries are seeking de-agglomerating equipment ideal for high-volume requirements, offering improved throughput, higher convenience, easy maintenance, and easy clean-up. Manufacturers in the de-agglomerating equipment market are vying to offer de-agglomerating equipment with optimal power consumption, which, in turn, will be high beneficial for the end-users.

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De-Agglomerating Equipment Market- Novel Developments

Leading players in the de-agglomerating equipment market are focusing on new product innovations and developments for sustained business growth. From conceptualization to development, companies manufacturing de-agglomerating equipment are ensuring that every step is well-aligned with the ultimate goal i.e. meeting end-user needs and requirements.

In 2019, Munson Machinery- a key player in the de-agglomerating equipment market- launched a new DeClumper dual dive lump breaker, namely ‘RDC-3030-SS’. This model reduces compact materials and agglomerates into the original particle sizes, is approximately 279 mm high, and can easily fit in restricted spaces in between bulk handling, storage, packaging, and processing equipment. This product has been specifically developed to withstand heavy and challenging applications and entails easy & simple maintenance.
In 2019, Hosokawa Micron Ltd- a leading player in the de-agglomerating equipment market- participated in the POWTECH 2019 exhibition held in Germany. The company showcased its wide-range of exclusive industry equipment and this, in turn, was aimed at boosting the brand recognition and tapping into new customer segments.

De-Agglomerating Equipment Market- Dynamics

De-Agglomerating Equipment Market- Ever-Evolving Demand from Food Processing Applications to Drive Growth

Use of de-agglomerating equipment in food processing applications is picking pace, as multiple steps in the food processing industry feature steps wherein size reduction is of utmost importance. Majority of the products or ingredients are treated with some sort of delumping or deagglomeration before they are transformed into final and finished versions.

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De-agglomerating equipment is finding extensive use across multiple food manufacturing processes, such as bakery & confectionery, breakfast cereals, and others. Moreover, de-agglomerating equipment are also being used for delumping raisins in the form of a cost-saving & economic alternative to the labor-intensive & conventional manual deagglomeration. Such particulars provide substantial credence to the unabated demand for de-agglomerating equipment from food processing applications, thereby driving the growth of de-agglomerating equipment market.

De-Agglomerating Equipment Market- Surging Adoption in Chemical Manufacturing Applications to Propel Growth

De-agglomeration equipment is finding extensive use in the deagglomeration of nanoparticles and also in many other chemical manufacturing applications. Manufacturers of agricultural chemicals are adopting de-agglomeration equipment for production of herbicide, pesticides, and fungicides. In case of chemical manufacturing applications, formation of particle clusters during addition of powders into liquid solutions remains a longstanding challenge.

Apart from cluster formation, chemical manufacturers increasingly rely on deagglomeration for multiple reasons, including improvement of slurry performance, enhanced appearance, and improvement of surface area coverage. Such particulars bring importance of de-agglomeration equipment to the fore in the chemical manufacturing arena, thereby driving the de-agglomeration equipment market.

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De-Agglomerating Equipment Market- Manufacturers Focus on Incorporation of Advanced Features to Exceed End User Expectations

Manufacturers in the de-agglomeration equipment market are focusing on improving their product positioning via addition of advanced features beneficial to end-users in a bid to exceed the end user expectations. Key players in the de-agglomeration equipment market are offering gentle screening & deagglomeration of raw materials, which, in turn, helps in preventing unwanted size reduction and irregular dimensions. Companies operating in the de-agglomeration equipment market are also focusing on making their products highly agile along with unparalleled ease of installation. With end users being increasingly drawn toward products that are easy-to-clean and entail minimum maintenance, manufacturers are focusing on incorporating the same in their offerings.

Analyzing customer requirements and incorporating the same in their products continues to a prominent mantra of manufacturers to attain high profitability. Manufacturers in the de-agglomeration equipment market are offering custom-based de-agglomeration equipment specifically tailored to end-user needs and specifications, with a sole objective of nourishing end-user confidence and repeat sales.

De-Agglomerating Equipment Market- Segmentation

By end use, de-agglomerating equipment market has been segmented into

Food Processing
Chemical Manufacturing
Pharmaceuticals
Others

De-Agglomerating Equipment Market – Report Highlights:

A detailed overview of parent market of de-agglomerating equipment market
Changing de-agglomerating equipment market dynamics in the industry
In-depth segmentation of the de-agglomerating equipment market
Historical, current, and projected de-agglomerating equipment market size regarding volume and value
Recent industry trends and developments in de-agglomerating equipment market
Competitive landscape of the de-agglomerating equipment market
Strategies for key players operating in de-agglomerating equipment market and products offered
Potential and niche segments, geographical regions exhibiting promising growth in the de-agglomerating equipment market
A neutral perspective on de-agglomerating equipment market performance
Must-have information for de-agglomerating equipment market players to sustain and enhance their market footprint

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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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Mining Lubricants Market is reaching US$ 2,988.6 Million at a Gracious Rate of 3.4% by the year 2030

Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 3.4% growth through the forecast period (2022-2030). Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with coal and iron ore mining sector driving demand.

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high pressure additives and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

Key Takeaways of Mining Lubricants Market Study

The mining lubricants market is slated to reach US$ 2.98 Bn by 2030
High performing lubricants and greases are growing in demand as covid-19 tightens operating costs
Coal mining largest application avenue, accounting for over 50% mining lubricants market share
Open pit mining is heightening the adoption of loaders, roof bolters, draglines and haul trucks thus boosting demand for lubricants
Bio-based lubricants pipped as a log-term solution, but current market dynamics in favor of synthetic variants

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For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

Key Companies Profiled:-

BP plc
Calumet Specialty Products Partners
Royal Dutch Shell PLC
Chevron Corporation
Exxonmobil Corporation
Fuchs Petrolub SE
Kluber Lubrication
Lukoil
Petrochina Company Limited
Petronas
Quaker Chemical Corporation
Schaeffer Manufacturing Co.
Total S.A.
Petro Canada Lubricants Inc. (Holly Frontier acquired)

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate.

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With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
Exxon Mobil, in the year 2021, expanded its refinery at Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

COVID-19 Impact on Mining Lubricants

In the first quarter of 2022, lubricant players have bore the brunt of the COVID-19 crisis as the virus rampaged across China, Europe and North America. Many had to fully or partially shut down operations. Sales of lubricants were down by as much as 70%-75% in Asia Pacific. Industry experts predict a gloomy outlook for the near term as it will take a few quarters for the market to come back to normalcy.

With lockdowns in force in Europe, Asia and North America, there has been a cessation in mining activity. Consumption of lubes has dropped and many lube refiners are being forced to cut down their throughput by at least 20%-30%.

The daily global oil demand is also set to shrink by a few million barrels leaving an unpleasant residual impact on the mining lubricants market. The use of inventories to meet pending demand and cash reserves will help lubricant manufacturers to sail through this turbulent time in the short-term.

Mining Lubricants Market by Category

By Product Type:

Oils
Grease

By Source:

Synthetic Lubricants
Bio-based Lubricants

By Application:

Coal Mining
Bauxite Mining
Iron Ore Mining
Precious Metals & Rare Earth Minerals Mining
Industrial Mineral Mining
Others

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Future Market Insights has published a market research report on the Mining lubricants market that contains global industry analysis for 2015–2021 and opportunity assessment for 2022–2030. The report provides insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Mining Collectors Market: The Mining Collectors market report covers comprehensive information about market volume (tons) and value (US$ Mn) projections, market dynamics, market opportunities, competition and recent developments in the global Mining Collectors market for the study period 2018 to 2027.

Iron Oxide Market: The global iron oxide market size is estimated to be valued at around US$ 2,525.85 Mn in 2022. Sales of iron oxide are projected to increase at a healthy CAGR of 4.1% from 2022 to 2032.

Metalworking Fluids Market: Demand for removal fluids is projected to rise at 3.5% to top 1,354,497 Tons in terms of volume, while the forming fluids segment is expected to grow at 2.7% to total 772,256 Tons.

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Corn Fiber Market Current and Future Trends, Key Players, Industry Segments and Regional Forecast by 2022-2032

According to the recent FMI report, the sales of corn fiber are expected to surpass a value of USD 2.4 Bn in 2032, thriving at a CAGR of around 14.7% through 2032 while its estimated revenue is US$ 0.4 Bn in 2022.

Consumer attitudes toward nutrition are changing, and there is a growing demand for high-quality components, which is anticipated to boost the market growth, pushing the demand for corn fiber.

The corn fiber market share is expected to benefit from a trend toward healthier eating habits and increased disposable income, as well as the product’s widespread availability.

Demand for corn fiber is anticipated to rise due to a lower risk of heart disease and several malignancies, as well as preserving intestinal health, boosting bone mineralization, and enhancing calcium absorption in the body. As a result, pharmaceutical companies are increasingly using soluble corn fiber, boosting the sales of corn fiber.

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Corn fiber provides numerous health benefits as it helps to maintain the body’s fiber content. Consumer awareness of the health advantages of fibers is driving demand for corn fiber among customers of various appropriateness levels.

During the teenage and postmenopausal years, fiber aids calcium absorption and retention in the bones. It has prebiotic qualities that help the intestines work better, raising the sales of corn fiber.

Key Takeaways from the Corn Fiber Market Study:

Over the forecast period, pharmaceutical applications are likely to grow at a CAGR of 7.2%. It is commonly used in supplement manufacture because of its easy digestion and high content of calcium and minerals, pushing the sales of corn fiber
Up to 2026, the corn fiber market share in North America is expected to grow by more than 16.4%. Consumer attitudes on nutrition are shifting, and improving living standards, combined with rising obesity and cardiovascular death rates, should raise product demand.
Demand for Corn fiber is likely to be boosted by changing dietary habits, nutrition attitudes, and a growing young population, as well as a quick shift toward high-quality foods.
The Asia Pacific corn fiber market size is likely to be driven by rising demand for corn fibers as a value-added ingredient by 2032.

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“Market players are investing in R&D to create innovative products in order to maintain their market position. Manufacturers are also focusing on implementing technological advancement to improve production efficiency.” -Lead Analyst at FMI.

How’s the competitive landscape of Corn Fiber Market?

Who is winning?

With the increasing growth of the Internet in every part of the globe, consumers are becoming more aware of the benefits and functional qualities of corn fiber. As a result, food and beverage companies are turning to e-commerce to expand their global reach and presence in the corn fiber market.

Key Competitors:

Some of the leading companies offering corn fiber are Archer Daniels Midland Company, Cargill Inc., Tate & Lyle PLC, SunOpta Inc., J. Retentate & Söhne GmbH & Co. KG, Roquette Frères, HL Agro Products Pvt. Ltd., Ingredion Incorporated, Doshi Group, Grain Processing Corporation, and others.

Recent Market Developments:

Cargill announced intentions to invest USD 35 million in Europe to enable the manufacturing of soluble fibers, as part of a drive to diversify its portfolio of starches, sweeteners, and texturizers, in October 2019. Cargill expects its soluble fiber products to be accessible in Europe by 2021 as a result of this expansion strategy.
Ingredion introduced a new line of dietary fibers that is both affordable and innovative. The VERSAFIBE dietary fiber line is designed to reduce calories in pasta, baked foods, and extruded items while still providing fiber fortification. This product launch project has aided the company in satisfying increased demand in the retail and foodservice sectors for fiber fortification and calorie and carbohydrate reduction.
Tate & Lyle has added soluble fiber to its promitor, also known as soluble fiber, soluble corn fiber and dietary. This pushes the demand for corn fiber in new regions.

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Get Valuable Insights into Corn Fiber Market

FMI, in its new offering, provides an unbiased analysis of corn fiber presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Corn Fiber Market by Category

By Type:

Liquid
Powder

By Application:

Beverage Industry
Food Industry
- Breakfast Cereals & Snacks
- Bakery
- Dairy
- Confectionery
- Infant Food
- Meat Products
Pharmaceutical
Textile
- Nonwovens
- Apparels
- Home Textiles
- Industrial Textiles
Animal Nutrition

By Distribution Channel:

Hypermarket/Supermarket
Specialty Stores
Online Stores
Other Distribution Channels

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Yoghurt Market is Growing in the United States, Due to the Gradual Shift of Consumer Towards for Probiotic Foods -2032

The global yoghurt industry is fueled primarily by the health benefits of yoghurt intake and a growing public awareness of the need for weight loss. Other factors driving market growth include the expansion of the retail market in various nations, as well as lower lactose percentages for lactose-intolerant people who want to eat dairy products.

Danone, Yakult, Chobani, and Nestle are among the biggest proponents of yoghurt awareness and consumption. People avoid consuming yoghurt because of artificial additions and ingredients added to it, as well as the harmful hormone therapy of milk-producing cows. Conversely, rising yoghurt demand in emerging countries is expected to open up various opportunities for global market expansion, owing to greater disposable income and increased health consciousness.

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Key Takeaways:

•The worldwide yoghurt market is estimated to grow at a CAGR of 4.8 % from 2022 to 2032, from USD 89.9 Mn in 2022 to USD 143.7 Mn in 2032.

•Grocery stores/ hypermarket/supermarkets contributed the most to the market sales in the year 2020, with USD 37,328.2 million, and are predicted to grow at a CAGR of 4.6 % to USD 59,586.9 million by 2031.

•China consumes 90% dairy-based probiotic goods and beverages, with dairy-based yoghurt making for a substantial percentage of the market.

•With an anticipated market value of USD 22.2 million and a massive market share of 65 percent in the North American region, the United States is regarded as the most prominent region for yoghurt.

•Due to increased awareness of the benefits of yoghurt intake and its incorporation in regular diets, the China Yogurt Market is expected to exceed USD 5.8 Mn in 2022, with a market share of 32 percent in the area.

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“With rising health awareness and demand for functional food products, yoghurt market is expected to grow due to expanding market and demand. With an array of variety ranging from drinkable yoghurt and plant-based yoghurt for vegans, consumers get the option to consume yoghurt as per their choice and preference. Its functional property and probiotics present in yoghurt have made it a popular product among consumers which is assisting the growth of this segment,” says a lead analyst at Future Market Insights.

Competitive Landscape:

The yoghurt market is having a huge potential to have strong growth with innovations in adding nutrients and enhancing texture as well as the flavour of products. Companies are extensively working on research and development with the advancement in technology to improve their product as per consumers’ interests and convenience. The development of drinkable yoghurt has boosted the sales of yoghurt significantly due to the ease of incorporating it into the diet and convenience to carry and transport. Fortification of yoghurt has also increased the demand for consumers due to a rise in health awareness. The increased popularity of dairy-free products among millennials is anticipated to grow the market for plant-based nutritional products such as vegan yoghurts. Consumers in developed economies such as Europe And North America have been gravitating toward plant-based products as a result of increased incidences of ailments such as lactose allergy among the general public.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of Yoghurt presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the Yoghurt market based on Product Type (Greek Yoghurt, Yoghurt Drinks, Frozen Yoghurt, Set Yoghurt), Distribution channels (Retailers, Hypermarkets, Specialist Retailers, Convenience Stores) & across seven major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Interested in More Information?

A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pinpoint analysis of the market and offers comprehensive information with historical demand data for 2014 – 2021 and forecast statistics for 2022 – 2032. The study offers insightful information on the global Yogurt Market By Product Type (Greek Yoghurt, Yoghurt Drinks, Frozen Yoghurt, Set Yoghurt), Distribution Channel (Retailers, Hypermarkets, Specialist Retailers, Convenience Stores) & Region – Forecast 2022 – 2032

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Market Overview

1.3. Demand Side Trends

1.4. Supply-Side Trends

1.5. Analysis and Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

4. Key Success Factors

5. Global Yogurt Market Demand Analysis 2017–2021 and Forecast, 2022-2032

5.1. Historical Market Volume (TONS) Analysis, 2017–2021

5.2. Current and Future Market Volume (TONS) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

6. Global Yogurt Market –Pricing Analysis

6.1. Regional Pricing Analysis By Region

6.2. Pricing Break-up

6.2.1. Manufacturer Level Pricing

6.3. Global Average Pricing Analysis Benchmark

TOC Continued…!

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Propanol Market is Anticipated to Touch a Value of nearly US$ 3,878.6 Million in the year 2029

This is the main factor as to why the global propanol market is estimated at US$ 3,099.4 Mn in 2022, and is projected to experience steady growth during the forecast period of 2022-2029. East Asia will see the most opportunities for manufacturers over the period of forecast, with pharma- and electronic-grade isopropanol experiencing increasing sales.

Growing utilization of propanol as a direct solvent in paints and coatings, household & industrial cleaners, and others is expected to pave the way for its robust sales during the projected timeline.

The implementation of new technologies or methods over conventional methods, and production capacity expansion and footprint expansion, remain the key strategies followed by propanol manufacturers to enhance productivity and capture new opportunities in the propanol market.

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Key Takeaways from Global Propanol Market

In the coming years, as compared to isopropanol, n-propanol is expected to register a slight increase in demand, owing to new laws and regulations regarding the usage of low-VOC-emitting chemicals in pharmaceutical and food processing applications.
Pharmaceutical and electronic-grade isopropanol is likely to be sought after in the future, owing to the growth of pharma and semiconductor industries. Worldwide, propanol used as a direct solvent across various industries is projected to account for a prominent share in the global propanol market.
Growth prospects are high in emerging markets such as India, China, and Mexico. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for propanol manufacturers in developed regions, manufacturers in the propanol market are focusing on emerging markets to capture a larger share in the landscape.

“Volatility in petroleum feedstock prices as well as propylene prices may impact the future price of propanol as well as market growth. Increasing cost of propylene is encouraging manufacturers to adopt acetone-based isopropanol production, especially in Asian countries. Acetone-based propanol production increased from 2% to 25% from 2002 to 2018 in Asian countries,” says an FMI analyst.

East Asia Set to Become Self-sufficient in Propanol

In the year 2014, the capacity base of propanol in East Asia surpassed that of North America, primarily following the start of several new facilities in China and South Korea. During the period of 2014-2021, massive addition in capacity has made China a prominent producer in Asia Pacific.

In China, future import volumes are expected to decline as the country moves towards self-sufficiency. Globally, oversupply of propanol has constricted its growth and demand. At present, the total global production capacity of propanol stands at around 3,400 KT, with approximately 60% utilization rate.

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A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol 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 propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, 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 propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

Propanol Market By Category

By Types :

N-Propanol
Isopropanol

By Application :

Solvent
Chemical Intermediate
Pharmaceutical
Household and Personal Care Products
Others

2014-2021 Propanol Market Outlook Compared To 2022-2029 Forecast

Sales of propanol increased at 2.5% CAGR, between the period of 2014 and 2021, owing to moderate demand outlook from the end use sectors such as pharmaceuticals and chemical intermediate.

A decrease in the demand for n-propanol from certain end users during the pandemic crisis has impacted the overall growth of the market, although in upcoming years the growth is expected to bounce back to its original pace based on the recovery of the economic conditions. However, substantial demand for sanitizers has boosted the market for isopropyl alcohol.

The key driver of the market is the rising use of propanol in paints and resin, pharmaceuticals, personal care products, de-icers, cosmetics, inks, food, and adhesives. Most end users are shifting their focus from isopropanol to n-propanol.

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Considering the new law regarding the utilisation of low volatile chemical compounds, n-propanol has capitalised on a modest increase in demand in food processing and pharmaceutical applications. An increase in the demand for sanitizer all over the globe has bolstered the growth outlook for iso-propanol.

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Monoisopropanolamine Market: MIPA has low molecular weight than other isopropanolamines including diisopropanolamine (DIPA) and triisopropanolamine (TIPA) among others. 1- Amino – 2 – propanol is the chemical name for MIPA.

Acetone Market: The global Acetone market is estimated to reach a total market value of US$ 10,248.6 Mn by the end of 2031, growing at a rate of 4.9% during the forecast period 2021-2031

Renewable Methanol Market: The global renewable methanol market is slated to expand at a CAGR of 6.6% during the forecast period (2022-2032), surpassing US$ 373.5 Mn by the end of 2032.

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Mono Propylene Glycol Market is Expected to Reach a Valuation of USD 5,159.5 Million in 2029

Mono propylene glycol (MPG) continues to find application across diverse industries, on the back of its low toxicity and hygroscopic properties. A recent Future Market Insights (FMI) study suggests that the global mono propylene market value will reach beyond US$ 5 Bn towards the end of 2029, witnessing a moderate CAGR during forecast period (2022 – 2029).

Environmental sustainability of bio-based mono propylene glycol will be significantly responsible in upholding its demand in the global market over the course of following years.

Manufacturers in the mono propylene glycol market can gain substantial profits by targeting long-term supply contracts from prominent end-use industries such as food & beverage, pharmaceutical, building construction, and others, across various developing countries such as India and China.

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Key Takeaways – Mono Propylene Glycol Market Study

Low toxicity of mono propylene glycol, as compared to ethylene glycol, is expected to drive its usage in cosmetics and personal care products on a large scale. As ethylene glycol is poisonous and must be handled with caution to restrict any human or animal exposure, MPG will witness higher demand in the forecast period.
Being the preferred glycol for manufacturing high performance, unsaturated polyester resins for several uses such as reinforced plastic laminates for marine construction, gel coats, sheet molding compounds (SMC), and synthetic marble casting, industrial grade mono propylene glycol is projected to witness significant demand. It is also a vital intermediate in the production of alkyd resins for paints and varnishes.
Substantial demand is anticipated for mono propylene glycol from the pharmaceutical industry as it is a well-known excipient. MPG is used for several purposes in a broad range of pharmaceutical dosage forms, for e.g. as a humectant in topical medication, as a preservative in solutions, or as a co-solvent in aerosols, parenteral, and oral solutions.

Manufacturers Moving towards Bio-based Mono Propylene Glycol

Bio-based mono propylene glycol is gaining popularity in the market, as a switch from petrochemical- to renewable-based MPG results in the reduction of climate change impact of 40-60% kg of CO2. Several countries are taking initiatives to increase the adoption of bio-based mono propylene glycol among various end-use industries owing to its significant environmental benefits.

Who Is Winning?

The global mono propylene glycol market is fairly consolidated due to the unavailability of raw materials required for the manufacturing of mono propylene glycol, especially at the regional level, and absence of local manufacturers. Key manufacturers such as Dow Chemical Company, Lyondell Basell, BASF SE, and Royal Dutch Shell PLC account for about 40% of the overall market share.

North America and Europe are anticipated to account for a significant share of the global mono propylene glycol market, owing to rapid infrastructural development and increasing preference for bio-based mono propylene glycol.

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Mono Propylene Glycol Market Market by Category

By Grade:

Technical
Food
Pharmaceutical

By Application:

Unsaturated Polyester Resin (UPR)
Polyester Fiber Production
Food Additive
Heat Transfer Fluid
Pharmaceutical Solvents
Liquid Detergents
Paints & Coatings
Other Industrial

By End Use:

Chemicals
Cosmetics & personal care
Pharmaceutical
Food & Beverage
Others

By Source:

Synthetic
Bio- based

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The research report analyzes total sales of mono propylene glycols on the basis of volume (KT) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market.

Opportunities in the market are projected on the basis of factors such as construction industry growth, food industry outlook, pharmaceutical industry overview, investments in upcoming infrastructure projects, and expansion in production capacity by worldwide manufacturers.

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The market is mailnly driven by the end use industry such as food & beverage, cosmetics & personal care industry market. Due to Covid-19 pandemic all the industries has suffered and witnessed downfall, but in the coming years market is anticipated to witness significant growth owing to the increase in consumption from end use industries.

Due to increased environmental concerns, manufacturers in the business are focused on bio-based chemicals for producing mono propylene glycol, which is acting as another growth-inducing element.

Furthermore, as the coronavirus disease (COVID-19) spreads, there is an increase in the need for propylene glycol in the production of hand sanitizers and surface disinfectants. Thus the end use segment of pharmaceuticals have witness a positive outlook in the market.

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Polyalkylene Glycol Market: By 2032, the polyalkylene glycol market is anticipated to reach US$ 594.6 billion, expanding at a high CAGR of 6.1%. The market size is worth US$ 328.94 billion in 2022.

Butyl Glycol Market: The global butyl glycol market is estimated to surpass US$ 3.23 Bn by 2022. Growing application of butyl glycol as a coupling agent and solvent across household cleaning and industrial sectors is propelling the demand in the market.

Propylene Glycol Market: Propylene glycol is a chemical that is produced by reaction of propylene oxide with water. It is a colorless, clear, almost odorless, viscous liquid which has a faint sweet taste.

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Vulcanization Accelerators Market is Projected to Reach US$ 2,301.6 Mn by the end of 2029

The latest study published by Future Market Insights (FMI) on the vulcanization accelerators market incorporates the global industry analysis and market opportunity assessment for the forecast period of 2022 – 2029. The global vulcanization accelerators market was evaluated at ~US$ 1.4 Bn in 2021 and is anticipated to grow with ~4% CAGR during the forecast period i.e., 2022 – 2029.

Tire is an irreplaceable automotive component, and its demand has been on the rise over the years. The market study divulges decisive insights and offers exhaustive market analysis for the historical as well as forecast period. As per the market assessment in the report, the global vulcanization accelerators market is estimated to witness substantial growth due to growing demand from the tire industry.

As tires of heavy vehicles need to be replaced more frequently, the industry is responsible for the maximum consumption of vulcanization accelerators. Thus, growing tire production and replacement activities are estimated to fuel the growth of the vulcanization accelerators market, as reported by FMI. Apart from tires, rubber is also used in other automotive parts such as wiper blades, engine mounts, seals, hoses, and belts.

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Growing automotive production will elevate the manufacturing of automotive rubber parts and components. Thus, increasing the consumption vulcanization accelerators. Rubber is used extensively in industrial products such as rubber belts, rubber buckets, rubber pads, rubber lining, rubber rollers, and rubber mats, among various other products.

Apart from these, rubber finds key application in the manufacturing of medical products such as condoms, surgical gloves, stoppers, tubes, cushioning or supporting materials, breathing bags, implants, prosthetics and catheters, etc. Thus, growing rubber consumption in medical and industrial sectors is estimated to surge the demand for vulcanization accelerators.

Vulcanization Accelerators Market: Manufacturer Insights

According to the FMI analysis, the global vulcanization accelerators market is moderately consolidated with global and regional players playing key roles. The global vulcanization accelerators market report shades light on few of the key industry players in the global market.

Some of the examples of key players in the market are Lanxess AG, Arkema, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., NOCIL Limited, and Kumho Petrochemical, among others.

FMI study finds that the automotive industry slowdown in the past few months has changed the situation. However, government initiatives, tax cuts, and subsidies will continue to drive the growth of the automotive sector, and subsequently of the vulcanization accelerators market. Also, the increasing demand for vulcanized rubber in the manufacturing of industrial & medical rubber goods is expected to raise the demand for vulcanization accelerators.

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Thiazoles and Sulfanamides to Remain Prominent Product Choices

The global vulcanization accelerators market has been categorized on the basis of product and application, along with regions.

Based on product, primary accelerators – thiazoles and sulfonamides, are projected to remain prominent product choices in the upcoming years, and are expected to hold a significant share in the global vulcanization accelerators market throughout the forecast period.
Although adoption in automotive industry continues to account for relatively high sales, growing application in industrial sector is likely to result in increased market share. Growing tire production and replacement activities as well as automotive industry growth are estimated to augment the vulcanization accelerators market growth.

Vulcanization Accelerators Market By Category

By Product Type:

Thiozoles
Sulfanamides
Dithiocarbamates
Thiuram
Others

By Application:

Automotive
Industrial
Medical
Consumer Goods

East Asia to Represent Significant Opportunities for Manufacturers

Japan and China are few of the leading tire manufacturing countries. China is assessed to be a prominent tire producer. Presence of companies such as Yokohama Rubber Company and Bridgestone Corporation, makes Japan a substantial tire manufacturing country.

In addition, China’s auto industry has witnessed significant growth in the recent years, leading to subsequent increase in the tire production. However, fluctuating raw material prices due to trade wars and oversupply of materials are affecting local manufacturers.

Besides, imposition of stringent regulations on tire exports from European countries and the U.S is expected to create further problems for tire manufacturers. However, East Asia is estimated to be a prominent market for vulcanization accelerators, due to increasing sales of passenger and commercial vehicles and rising demand for replacement tires.

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Increasing population, improved standards of living, and increasing electric vehicle production will upsurge the demand for tires in East Asia, which will positively influence the growth of the vulcanization accelerators market. Further, increased emphasis on high quality medical and industrial rubber products is expected to propel the demand for vulcanization accelerators in the region.

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Plaster Accelerator Market: According to latest research conducted on plaster accelerator market, it is expected to register a CAGR of over 6-7% during the forecast period 2021-2031.

Synthetic Quartz Market: The global synthetic quartz market is expected to witness a year over year growth of 6.3% in 2022 to reach a value of US$ 93.0 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 6.1% during the period of 2022 and 2029.

Tire Materials Market: The global tire materials market is estimated to create an incremental opportunity of US$ 99.99 Bn by the end of 2028.

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Perfluoropolyether (PFPE) Market is Estimated to Register a Strong 4.3% CAGR Between 2022-2029

A new research by Future Market Insights on the perfluoropolyether (PFPE) market includes global industry analysis 2014-2021 and opportunity assessment 2022-2029. The global perfluoropolyether market is estimated to reach ~ US$ 758.8 Mn in 2022, and increase at a CAGR of ~ 4.3% during the forecast period of 2022-2029.

The report explores the perfluoropolyether market and provides the reader with analytical insights for the forecast period of 2022-2029. As per the findings of the report, the global perfluoropolyether market is projected to experience a steady growth over the forecast period, due to multiple driving factors including increasing aerospace, automotive and electronic manufacturing activities across geographies.

This progress in the market is majorly propelled by the growing consumption of perfluoropolyether as lubricants for automotive, chemical and aerospace applications such as wheel bearing and vacuum pump, and for high temperature procedures.

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Sensing an increase in new aircraft deployment, especially in developing countries in Asia Pacific, manufacturers are tapping into newer opportunities in the region. Increasing demand for highly efficient lubricants in chemical and automotive industries is further likely to work to the advantage of perfluoropolyether market players.

Europe and North America Lead Gains, South Asia to Offer Greater Opportunities

Although the regions such a Europe and North America are anticipated to hold significant market shares, the South Asia market is expected to project a steady growth in the global perfluoropolyether market over the forecast period of 2022-2029.

Moreover, macroeconomic factors such as increment in GDP, air transportation as well as production, expanding chemical industry and significant growth of the manufacturing sector, are expected to reflect significant increase in opportunities for perfluoropolyether market players in South Asia.

Perfluoropolyether Used Extensively in Aerospace and Automotive Applications

The perfluoropolyether market is categorized into four different segments such as form, application of perfluoropolyether, products, and regions.

By form, the PFPE Oil is expected to hold a higher value as well as volume share against PFPE grease.
By product, the linear perfluoropolyether is projected to attain a significant value shares in the perfluoropolyether market. Linear perfluoropolyethers are widely used as lubricants for the superior chemical properties and multiple applications.
In terms of application, aerospace and automotive sectors will continue to account for relatively high market share. Increasing preference towards non-toxic lubricants from the end users is expected to drive the market. Increasing automotive production is expected to increase the demand for PFPE lubricants. PFPE is also used in other applications such as chemical and electronics, and is recently being used for textile as well as leather applications.

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Perfluoropolyether Market: Players Insights

The perfluoropolyether market report focuses on a number of stakeholders, some of these players have come out as the market leaders. Few examples of such manufacturers in the perfluoropolyether market are as follows; The Chemours Company FC, LLC, Klüber Lubrication München SE & Co. KG, Solvay S.A., TOTAL S.A., M&I Materials Ltd, HUSKEY Specialty Lubricants, Daikin Industries Ltd., and NYE Lubricants Inc. and FluoroTech USA among various others.

The global perfluoropolyether market is highly fragmented, with multiple tier 2 and tier 3 players. Key players provide perfluoropolyether under their trademarked names such as Fomblin® Series, HUSKEY® PF Series, Vertrel™ XF specialty fluid, Vertrel™ MCA Plus specialty fluid®, and DEMNUM®, among others.

Perfluoropolyether Market By Category

By Form:

PFPE – Greases
PFPE – Oil

By Product Type:

Linear
Branched

By Application:

Automotive
Aerospace
Chemical
Electronics
Others

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What was the Impact of COVID-19 Crisis on Global Market of Perfluoropolyether?

With the outbreak of SARS-COV-2 virus all over the globe in the initial quarter of 2020 has resulted in the decrease in the production of automotive, aircrafts and other. Reduce in the movement of the vehicles and aircrafts has impacted the sales of perfluoropolyether significantly in these application segments.

Further shutdown of the manufacturing industries due to social distancing and lockdowns has also impacted the consumption of the lubricants and oil all over the world. However, economic recovery from the second half of the year 2020 and opening of the manufacturing sectors had boosted the consumption resulting in the recovery of the demand.

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Polyethersulfone (PES) Market: Polyethersulfone (PES) belongs to the family of thermoplastics polymers which is further classified as sulfone plastic. Polyethersulfone polymers are stable at high temperature and exhibit high toughness.

Polyetheramine Market: The polyetheramine market is likely to capture a CAGR of 9% during the forecast period. The market is projected to be valued at US$ 1.53 Bn in 2022 and likely to be valued at US$ 3.62 Bn by 2032.

Polyethylene Terephthalate Market: The global market for polyethylene terephthalate is forecast to reach US$ 28.6 Billion in 2022, up from US$ 27.1 Billion in 2021. Furthermore, the industry is poised to reach nearly US$ 40 Billion by 2032, flourishing at a CAGR of 3.4%.

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High Pressure Seal Market Projected to Grow at a CAGR of 5.3% between 2022 and 2032

High Pressure Seal is a mechanical device used to join high pressure systems, to prevent leaking and behold pressure to ensure smooth flow and safety. High Pressure seals are generally made from metals or industrial grade rubbers. These seals not only provide a mechanism to control high pressures but are fairly robust and can be used at high at well as low temperatures.

These seals are prominently used in tube couplings, pressure valves, compressors, and hydraulic pumps, and are widely used across all segments of oil & gas industry including upstream, midstream and downstream segments. Moreover, high pressure seals are increasingly finding more usage in manufacturing industry amid, rise in complexity of products and safety concerns. The global high pressure seal market is projected to witness significant growth rate over the forecast period.

Data Points	Key Statistics
High Pressure Seal Market Value 2022	US$ 4,783.40 Million
High Pressure Seal Market Projected Value (2032)	US$ 8,017.2 Million
High Pressure Seal Market CAGR (2022-2032)	5.3%

Global High Pressure Seal Market: Drivers and Restraints

The prime factor driving growth in the global high pressure seal market is the reviving oil and gas industry globally, with gradually rising crude prices, new exploration and drilling activities are anticipated, thus fuelling more demand for high pressure seals, which are used extensively across the entire production chain of petroleum products. Moreover, growing pharmaceutical and manufacturing industry, is another prime factor driving the demand for high pressure seals.

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Increasing demand for automotive, amid rising disposable income and improving living standards, is also fuelling more demand for high pressure seals, as they act as an integral part of manufacturing facilities of most automotive components. However, rising safety norms across all industries and increase attention towards R&D by seal manufacturers are driving replacements of existing high pressure seals and thus, fuelling more revenues to the global high pressure seal market. However, high capital and operating cost of most high pressure seals is the prime restraint to the growth of high pressure seal market.

Global High Pressure Seal Market: Region Wise Outlook

The global High Pressure Seal market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ region is projected to be the largest market for High Pressure Seal demand, and is anticipated to remain its dominance throughout the forecast period. This can be directly attributed to rapidly growing automotive and oil & gas sectors in China.

Moreover, the reviving manufacturing and oil & gas industry of Europe and North America, amid new exploration activities in North Sea and Gulf of Mexico coupled with the shale gas boom is also generating new demand arenas, and translating into high demand for high pressure seals from these markets. North America is anticipated to be the second largest market for high pressure seals, closely followed by Western and Eastern Europe. MEA also accounts for a decent demand for high pressure seals particularly for the oil & gas industry, amid reviving midstream and downstream sectors in these regions.

Global High Pressure Seal Market: Key Players

AES Corporation
Smiths Group Plc.
Garlock Sealing Technologies LLC
AB SKF
James Walker & Co
Parker Hannifin Corporation
EagleBurgmann Germany GmbH & Co. KG
Flowserve Corp.
EI du Pont de Nemours & Co.

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, technology and applications.

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Key Segments Covered in the High Pressure Seal Industry Analysis

By Material:

Metal
Thermoplastic Polyurethane (TPU)
Hydrogenated Nitrile Butadiene Rubber (HBR)
Fluorocarbon-based Synthetic Rubber
Ethylene propylene dyne terpolymer (EPDM)

By End Use:

Oil & Gas
Chemicals
Automotive
Mining
Aerospace
Power Generation
Healthcare
Others (Manufacturing, etc.)

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

https://www.patreon.com/posts/petroleum-fuel-75431995

https://vocal.media/stories/petroleum-fuel-dyes-and-markers-market-by-size-share-demand-and-trends-by-2032

https://www.zupyak.com/p/3379779/t/petroleum-fuel-dyes-and-markers-market-by-size-share-demand-and-trends-by-2032

https://fmiresearchreports.hashnode.dev/petroleum-fuel-dyes-and-markers-market-by-size-share-demand-trends-by-2032

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Gas Hydrates Market sales are expected to reach US 4,548.4 Million in 2032

The global gas hydrates market is expected to reach a valuation of US$ 4,548.4 Mn in 2032, with the value growing at an average CAGR of 4.7% from 2022 to 2032. The target market will likely reach an estimated US$ 2,873.4 Mn by the end of 2022. Escalating demand for oil and gas along with the versatility of gas hydrates end-users contribute to the growth of the gas hydrates market during the forecast period.

Gas hydrates, popularly known as methane hydrates, are cage-structured water-molecule lattices that contain methane which is the main ingredient in natural gas. Gas hydrates are found naturally in crystalline ice-like compounds comprised of gas particles formed a bond in a cage-like arrangement. These area strict arrangement of natural gas but less concerted than liquefied natural gas.

Gas hydrates find huge demand in the oil and gas industry and extensive application across a variety of end-users. The target market is considered as a prospects in the gas industry. This is because majority of the global gas and oil players are executing expansive research to bolster processes for extracting gas hydrates from the ocean.

In addition, India and Japan have, in the recent past, revealed enterprising projects to analyze the feasibility of gas hydrates. These prominent nations’ initiatives will help provide answers to important questions regarding the details of the host reservoir, the production system’s design, and the economics and costs of hydrate recovery.

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Again, demand for gas hydrates is high in the transportation sector owing to the fact that its is a productive resource of incredible energy. This has a positive impact on the target market. Likewise, methane hydrate can beget significant quantities of natural gas, with large deposits found all over the world.

The methane hydrate or gas hydrates market is also affected by the industrial sector and commercial use. The target market is also being propelled by expanded gas production activities in certain territories. All of these aspects drive the growth of the gas hydrates market during the forecast period.

“Rising demand in transportation industry will likely strengthen the global prospects of the gas hydrates market over the forecast period,” says an FMI analyst.

Key Takeaways:

Concerns regarding climate change will restrain market growth.
The gas hydrate market in North America will account for 28.4% of the global market share.
Progress in the oil and gas industry will propel the target market in the Asia Pacific region.
The gas hydrate market in Europe will hold a market share of 27.2%.
Offshore gas hydrates segment will acquire major revenue share during the forecast period.

Competitive Landscape

Petro China, Royal Dutch Shell, Japan Petroleum Exploration Co. Ltd., Total SA, Valero Energy, Japan Drilling Co. Ltd., Schlumberger Limited, Japan Oil, Gas & Metals National Corporation, and Sinopec among others are some of the major players in the gas hydrates market profiled in the full version of the report.

Leading market participants are concentrating on new product launches and approvals to increase their sales. These organizations are employing diverse strategies such as partnerships, collaborations, acquisitions, and mergers to strengthen their market position.

These key gas hydrates providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global gas hydrates market. For instance,

Marathon Petroleum Corporate entity and Andeavor Logistics agreed to sign a final merger agreement in October 2019 in which the former will acquire the latter for $ 23 billion.
Chevron set new targets in March 2021. Upstream combined oil and gas intensity is expected to be 35% lower by 2028 compared to 2016.
Woodside Inc. has been granted a contract by Woodside Energy to provide services for the FPSO unit being built for the Sangomar field offshore Senegal in April 2022

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More Insights into Gas Hydrates Market Report

In its latest report, FMI offers an unbiased analysis of the global gas hydratesmarket, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (onshore gas hydrates, offshore/marine gas hydrates), application (gas hydrates for vehicles, gas hydrates for commercial applications, gas hydrates for industrial applications, gas hydrates for other applications), and region.

According to the latest FMI reports, based on segmentation, the offshore gas hydrates segment will contribute immensely to the overall market growth. This segment will account for substantial revenue growth owing to high demand in transportation, commercial, and industrial sectors.

Based on region, the gas hydrates market in North America will present impressive growth during 2022-2032. The target market in this region will hold 28.4% of the global market share. This growth can be attributed to the accelerated consumption rate of gas hydrates as well as heightened demand for oil and gas. In addition, Europe’s gas hydrates market will hold 27.2% of the overall market share owing to growing demand in automotive and industrial sectors, elevated research and development activities, and the use of technologically advanced extraction methods. Asia Pacific region, too, will show steady growth during the forecast period.

Key Segments of Gas Hydrates Industry Survey

Gas Hydrates Market by Type:

Onshore Gas Hydrates
Offshore/Marine Gas Hydrates

Gas Hydrates Market by Application:

Gas Hydrates for Vehicles
Gas Hydrates for Commercial Applications
Gas Hydrates for Industrial Applications
Gas Hydrates for Other Applications

Gas Hydrates Market by Region:

North America Gas Hydrates Market
Latin America Gas Hydrates Market
Europe Gas Hydrates Market
Asia Pacific Gas Hydrates Market
Middle East & Africa Gas Hydrates Market