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Colloidal Metal Particles Market is Reaching US$ 32.3 Billion at a Gracious Rate of 8.1% by the year 2028

FMI presents an in-depth analysis and key insights on the global colloidal metal particles market in its latest market study titled ‘Colloidal Metal Particles Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’.

The long-term outlook on the global colloidal metal particles market remains positive with the market valued at US$ 20.2 Bn by 2022 end and expected to reach US$ 32.3 Bn by 2028 end. The global colloidal metal particles market is estimated to expand at a growth rate of 8.1%, through the forecast period.

Among the product type segments, the titanium oxide colloidal metal particles segment is expected to account for a large volume proportion of the market while the gold colloidal metal particles segment, given its high price, is expected to account for a noteworthy value proportion in the in the colloidal metal particles market during the forecast period.

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From a regional viewpoint, China is anticipated to hold a sizeable proportion of the market throughout the forecast period, witnessing 7.6% growth between 2022 and 2028. In its latest offering, FMI shares key insights on drivers, restraints and trends likely to impact the colloidal metal particles market during this period.

Rising Use of Colloidal Metal Particles as Catalysts to Propel the Growth of Global Colloidal Metal Particles Market

Future Market Insights suggests that the global colloidal metal particles market is estimated to register robust growth throughout the forecast period, prominently due to its rising applications as a catalyst. The chemical industry has been making a shift towards nano scaled catalysts, a move that will prove to be beneficial for the colloidal metal particles market.

The enhanced surface area per particle escalates the efficiency of the catalyst, an important factor responsible for increasing the demand for colloidal metal particles within the chemical industry. Colloidal metal particles are also being increasingly used in dietary supplements, either directly or in combination with other ingredients.

For instance, copper colloid metal particles are increasingly being used to enhance the human body’s ability to absorb iron particles. Similarly, silver colloidal metal particles are proven to be effective in treating skin conditions, such as acne and chickenpox.

They are also effective against various infections. Growing market for dietary supplements, as a whole, is anticipated to have an optimistic impact on the colloidal metal particles market.

However, the issue of toxicity has put forth several legislative barriers in the development of the colloidal metal particles market. Some studies have also shown that uncontrolled use of such particles contaminates the environment and hence, country level regulations have been passed to monitor the consumption of the aforementioned colloidal metal particles, among others.

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Global Colloidal Metal Particles Market Competition Landscape

The report highlights some of the top companies operating in the global Colloidal Metal Particles market, including Nouryon BV, Purest Colloids, Inc., Tanaka Holdings Co., Ltd., Evonik Industries AG, IMRA America, Inc, W. R. Grace & Co., SunForce Health & Organics Inc. and BBI Solutions, among others.

Global Colloidal Metal Particles Market Segmentation Analysis

The Colloidal Metal Particles market has been categorised on application basis into catalysis & photocatalysis, adsorbent, drug delivery and dietary supplements.

On application basis, the catalysis & photocatalysis segment is forecast to retain leading position in the colloidal metal particles market in terms of both consumption as well as revenue generation
The dietary supplement segment is projected to grow at a robust CAGR during the forecast period. Its market value is expected to grow and become over 2.2X between 2022 and 2028

Colloidal Metal Particles Market by Category

Product Type :

Aluminium Oxide
Silver
Gold
Zinc
Copper
Platinum
Iridium
Silicon
Iron Oxide
Titanium Oxide
Palladium
Others (Manganese, Cerium, Indium, Tin)

Application :

Catalysis & Photocatalysis
Adsorbent
Drug Delivery
Dietary Supplements

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Global Colloidal Metal Particles Market Regional Forecast

Regionally, China alone accounts for a prominent proportion of the global colloidal metal particles market, positioning itself with the likes of multi-country regions, such as North America and Western Europe. Accounting for well over 22% of the revenue proportion in the total colloidal metal particles market, China is anticipated to register significant CAGR during the forecast period.

The overall Colloidal Metal Particles market is expected to grow at a CAGR of 8.1% while regions, such as Western Europe, Eastern Europe, and countries, such as India and Japan, are expected to grow at a moderately higher pace owing to rising demand in these regions.

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Colloidal Silica Market: Sales in the global colloidal silica market are slated to top US$ 252.0 Mn in 2022. With a favourable demand outlook, the market is projected to expand at a steady 3.9% CAGR, reaching US$ 342.3 Mn by 2030.

Tungsten Metal Powder Market: Tungsten metal powder exhibits low degree of thermal expansion and high melting point, with high density. It also possesses properties such as high degree of rigidity, mechanical strength and very low vapour pressure.

Magnesium Metal Market: The market for magnesium metal witnessed a massive slowdown in its progress as a result of the spread of the Covid-19 pandemic across the globe.

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Gum Rosin Market is Expected to Reach a Valuation of USD 1.97 Billion in 2028 | Exclusive Report by FMI

Global sales of gum rosin market were valued at 757.9 KT in 2018 and are estimated to grow at an impressive rate in 2019, as per the latest research study by FMI. Incessant demand for bio-based materials from multiple end-use industries is among the key factors fuelling investments in gum rosins.

As per the FMI analysis, broader factors, such as resurgence in economies and increasing disposable income, have levied pressure on multiple end-use industries for boosting their production capabilities with no compromise in terms of quality.

Ever-evolving demand for high-performance intermediates, including adhesives, coatings, and rubber, from multiple industrial verticals is accelerating the growth of gum rosin market.

Multifarious benefits and low price fluctuations are boosting the adoption of bio-based materials, including gum rosins. This, in turn, is likely to create favorable grounds for growth of gum rosin market during the forecast timeline.

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According to the FMI research study, manufacturers are eyeing emerging economies brimming with opportunities for gum rosins on account of hefty investments in the production of pine chemicals.

Moreover, in Asian & African countries, the process of extraction and distillation of pine chemicals is relatively economical, creating profit-making opportunities for the manufacturers of gum rosins. According to the FMI analysis, end-users will prefer WW grade of gum rosins over other types, with global sales estimated to surpass 300 KT in 2019.

High consumer propensity for WW grade of gum rosins can be attributed to its superlative quality and workability in case of core applications such as synthetic rubber and adhesives. WG grade is likely to trail the former on account of surging demand for binding materials of superior quality.

The report finds that demand for gum rosins will continue to remain buoyant in printing ink and adhesive applications, with global sales collectively exceeding 400 KT collectively in 2019. The demand for gum rosins as a base material in case of printing inks and adhesives remains unabated, driving revenue growth of the gum rosin market.

The demand for gum rosins in paints & coatings is foreseen to significantly take off and not likely to slow down anytime soon, finds the report. The manufacturers of gum rosins are focusing on novel production technologies facilitating higher production yields of optimal quality while curbing the environmental footprint.

Subsequently, manufacturers operating in the gum rosin market are resorting to advanced analytical processes, such as gas chromatography and mass spectrometry, for production of high-quality gum rosins.

East Asia will retain its lucrativeness for the manufactures of gum rosins, with China spearheading demand. China has been a key producer as well as consumer of gum rosins, driven by incessant growth of application-based industries in the region, such as printing inks, synthetic rubber, adhesives, and paper sizing.

Large gum rosin manufacturing bases across countries such as Indonesia, China, and Brazil are participating in high-volume exports to other countries, which is a key aspect assisting expansion of gum rosin market in these regions.

As per the FMI study, notable R&D investments are being made by leading participants of the gum rosin market for achieving high production volumes and enhanced ROI benefits. Multiple research activities and initiatives are underway for introducing genetic modifications in the pine trees.

Which would enable increased flow of resins in the trees. Such innovative and advanced approaches are anticipated to fuel seamless production of high quality gum rosins, projecting an optimistic outlook for gum rosin market over the forecast timeline.

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Gum Rosin Market – Competition Landscape

The global Gum Rosin market is a fragmented market and most major market participants held single digit market share in 2017. The top ten to twelve players in the global Gum Rosin market collectively hold between 30% and 35% market share.

Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group and EURO-YSER.

Gum Rosin Market: Segmentation

Product Type

WW
WG
N
X
Others

Application

Paper
Paints & Coatings
Soap
Printing Ink
Adhesives
Rubber
Others

Growing Demand from Adhesives Application to Boost Market Growth

In adhesives, Gum Rosin is used as a raw material to enhance softness, strength and adhesion of adhesives. Adhesives are used in the manufacturing of furniture and rubber boots as well as in bookbinding and packaging industries.

Growing demand for furniture and growing rubber industry are important factors that will drive the growth of adhesives market in the years to come, which in turn, will indirectly positively impact the global Gum Rosin market. Additionally, the packaging industry is expected to witness healthy growth in future, which may increase the demand for adhesives in the global market.

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The adhesives market is continuously growing at a significant rate and the demand for natural ingredients based adhesives is expected to increase further in near future. This will further push the growth of the Gum Rosin market during the forecast period.

The adhesives segment will drive the global Gum Rosin market and is projected to create absolute dollar opportunity worth US$ 249.2 Mn during the forecast period

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Car Wash Detergents and Soaps Market is Expected to Expand at a CAGR of 5.1% from 2022-2028 | Exclusive Report by FMI

The report includes projections for volume (KT) and value (US$ Mn), industry trends, competition, market dynamics, and recent developments in the global car wash detergents and soaps market from 2018 to 2028. The global car wash detergents and soaps market is predicted to be worth US$ 7,394.7 million by the end of 2018, rising to US$ 12,210.8 million by the end of 2028, at a CAGR of 5.1% over the forecast period.

Noteworthy increase in the fleet size and a consistently swelling vehicle park point to the surging need for high quality car wash detergents and soaps. Looking at the considerably soaring per capita expenditure on car care and servicing, it is more likely that car care products such as car wash detergents and soaps would witness impressive demand over the course of next few years.

Recent innovations such as bio-based car wash detergents and soaps has been creating an impactful trend shaping product innovation strategies of manufacturers of car wash detergents and soaps. A recent intelligence released by Future Market Insights evaluates the current and prospective outlook of the performance of global car wash detergents and soaps landscape.

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In the report, FMI forecasts over 5% yearly growth in sales of car wash detergents and soaps.Accounting for more than 35% of the total consumption of car wash detergents and soaps, pre-soaks remain the most favoured choice of car owners. Moreover, as indicated by the key insights drawn from research, domestic players remain the major shareholders in global landscape of car wash detergents and soaps, according to the study.

Convenient application and relatively affordable price point continue to influence sales potential of liquid car wash detergents and soaps, whereas the report projects strong demand growth for foam based car wash detergents and soaps that deliver a superior quality finish to cars post wash, in the near future.

On the flipside, despite associated with a high price point, car wash detergents and soaps in gel form are poised to experience steadily growing sales attributed to their enduring post wash effect on cars. A majority of North American consumers prefers professional car wash services. European regulations on the other side prohibit consumers from in-house car washing, in the backdrop of increasing concerns regarding inadequate water availability.

While this underscores the strong impact of factors encouraging sales of car wash detergents and soaps in North America and Europe, the report also positions developing economies to emerge more lucrative for investors in coming years. Analysis of emerging regions indicates the significantly growing inclination of consumers to purchase cars, and spend more in car care and maintenance.

A visible shift to luxury cars, subsequently directing a paradigm shift from DIY car wash to professional car wash services, is cited as an important trend diving consumption of car wash detergents and soaps in developing economies across Asia Pacific, Latin America, and Middle East & Africa.

On the other side, expanding online availability of a wide range of car wash detergents, soaps, and other car cleaning products will reportedly continue to lure car owners who still prefer in-house car cleaning.

The flourishing automotive aftermarket is also projected to remain one of the key boosters for expansion of car wash detergents and soaps market in developing regions. 3M Company, Kao Corporation, Turtle Wax Inc., and Spectrum Brands Holdings Inc. constitute some of the prominent companies operating in the global car wash detergents and soaps market.

Besides the aforementioned brands, the report covers a few other established players active in the car care and car wash space, emphasizing exclusive insights on their financial and strategic developmental profiles.

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Market Segmentation

Product Type

Presoaks
Foam Detergents
Drying Agents
Triple Foams
Surface Protectants
Wheel Cleaners
Shampoo

Form

Liquid
Gel
Foam Based

By Sales

Department Stores
Supermarkets & Hypermarkets
Online Retailing
Franchise Outlet
Automotive Parts Outlet

While the market structure analysis reveals that up to 35% revenue share in the global market belongs to leading companies, a major portion of the market value is accounted by a large number of domestic players that are strategizing on product innovation and competitive pricing. Novel formulations based on natural raw materials such as vegetable oils and naturally sourced solvents will reportedly continue to capture R&D interests of manufacturers.

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Established brands continue to invest in strategic acquisitions and collaborations involving regional leaders, says research. Long-term contractual partnerships with domestic/regional players are likely to assure sustained demand in the long run, for global leaders investing efforts in specific regional market penetration.

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Mixed Xylene Market is Anticipated to Touch a Value of nearly US$ 299.2 Billion in the year 2028 | Exclusive Report by FMI

Mixed xylene sales are expected to reach US$ 197.8 billion in 2022. The global mixed xylene market is expected to grow at a 7.1% CAGR and reach a value of US$ 299.2 billion by the end of 2028. Growing consumption as a solvent continues to primarily drive the revenue growth of mixed xylene market worldwide.

Slated at robust yearly revenue growth in 2022 and ahead, the global mixed xylene landscape is also likely to witness consistently soaring consumption of paraxylene by PET manufacturers. Towards 2022, the global revenue of mixed xylene market is projected to surpass the valuation of US$ 197 billion, forecasts a new research study on the global market for mixed xylene, by Future Market Insights.

“Fostering PET, polyester fiber, and polyester film manufacturing is constantly creating investment opportunities for mixed xylene manufacturing companies, thereby pushing the revenue growth of mixed xylene landscape,” says a senior market research analyst at the company.

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Chemicals, Petrochemicals, & Paints Record Notable Mixed Xylene Consumption

Extensively used as a thinner, especially by inks and paints manufacturers, mixed xylene finds wide applicability across the chemicals industry as a base material for manufacturing.
Mixed xylene is also widely consumed for elevating the octane rating of gasoline and other fuels with an objective to improve fuel and engine performance.
Owing to voluminous paraxylene consumption, the chemicals industry remains a prime consumer of mixed xylene market over the coming years, according to the report.
Other prominent end-use industries registering sizeable mixed xylene consumption include gasoline, paints & coatings, pesticides, rubber, leather, and printing.
The report covers a range of end-use industries and sectors recording variable mixed xylene consumption patterns as per the applications associated with them.
Consumption of mixed xylene as a raw material contributes the maximum revenue share compared to all other application areas.

The analysis of mixed xylene landscape based on grade reveals that the isomer-grade variant continues to dominate in terms of both revenue and consumption volume, accounting for over 80% value share in mixed xylene market. However, yearly revenue growth of solvent grade mixed xylene is projected to observe a decline post 2020, according to the report.

The FMI analyst says, “Following China, the report also positions Asia Pacific (excluding Japan) as a highly lucrative regional territory, creating attractive untapped applications areas for manufacturers”.

Key Companies Profiled

Some of the prominent players profiled in the report include Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporation, GS Caltex Corporation, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc, YPF Sociedad Anónima, Flint Hills Resources, LLC, and SK Global Chemical Co., Ltd.

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Production Expansion Rules Strategic Minds of Manufacturers

In the report, FMI covers extensive strategic profiles of some of the key manufacturers active in the mixed xylene landscape, which points to strategic M&A and collaborations governing the competitive nature of mixed xylene marketplace.

In a moderately fragmented global landscape of mixed xylene market, the leading 12 players collectively cover 20-25% share of the total revenue. This highlights that each one of them holds a single digit market value share at present.

Manufacturing capacity expansion is currently the primary strategy of key companies in global mixed xylene space. As of the past year, the Asia Pacific mixed xylene market has witnessed notable production capacity expansion efforts by prominent market players. Companies in addition to expanding existing manufacturing plants are emphasizing new plant start-ups, pushing the prospects of mixed xylene market.

Tonen General recently commenced the commercial sale of isomer-grade mixed xylene at the company’s Ichihara-based recovery unit in Japan.
Showa Shell also launched a high-capacity TDP unit for an isomer-grade xylene template.
CNOOC Huayue also announced the launch of their new high capacity aromatics unit for mixed xylene production.
Hyundai Oilbank and Lotte Chemical Corp jointly formed a new isomer-grade xylene facility of 1m tonne/year capacity.

Key Segments of Mixed Xylene Industry Survey

By Grade:

Isomer Grade Mixed Xylene
Solvent Grade Mixed Xylene

By Application:

Fuel Blending
Solvents
Thinners
Raw Materials

By End Use:

Mixed Xylene for Paints & Coatings
Mixed Xylene for Pesticides
Mixed Xylene for Chemicals
Mixed Xylene for Gasoline
Mixed Xylene for Printing, Rubber & Leather

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Flourishing Polyester Production Upholds Chinese Market

The global hub for production as well as consumption of mixed xylene, China is projected to remain the high growth-high value regional market for mixed xylene over the coming years.
With around a fourth of the global market value, China continues to dominate other regional markets competing in the mixed xylene landscape.
Bolstering polyester production across Chinese industries is identified to be primarily responsible for swelling mixed xylene consumption across the region, as indicated by the report.
Besides being a major polyester products export hub, the Chinese market also boasts of an established and productive distribution network, which is another strong factor pushing the growth of mixed xylene market in China.
The report indicates that the towering consumption of aromatic hydrocarbons across industries would further create a heap of untapped opportunities in China, over coming years.

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Ortho Phthalic Aldehyde Market: Global Ortho Phthalic Aldehyde demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032.

Ortho-Xylene Market: Ortho-xylene structure and its aggressive reaction with oxidants can cause fires and explosions. As a result, governments around the world have put strict restrictions on the use of ortho-xylene.

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Cold Flow Improvers Market Value to Grow by Almost US$ 1,544 Million During 2022-2027 | FMI

Advancement in technology and urbanization is positively affecting the demand for cold flow improvers market which will expand the market at a CAGR of 5.2% over the forecast period. The demand for cold flow improvers is to witness a considerable growth due to rising demand for industrial lubricants and improving economic conditions. Rising demand and consumption leads to a proper segmentation on the basis of application and types.

According to the FMI Analyst, “Markets in North America will vision a proper growth in demand for cold flow improvers which will strengthen the position. Demand for industrial lubricants will dominate the market, covering almost half the market share. Rising disposable income, rapid urbanization and improved production capacity will lead to a better growth”

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Cold Flow Improvers Market – Key Highlights

Market is anticipated to grow at a CAGR of 5.2% through the forecast period.
On the basis of end-use, oil & gas, automotive industries accounts for maximum revenue.
On the basis of region, North America dominates in consumption and production and might witness significant growth in the future.
Asia-Pacific region excluding Japan, expected to show an expansion in production over the forecast period.

Cold Flow Improvers Market – Driving Factors

Development of economies and advancement in technologies, urbanization, rising automotive sales are few of the major factors which drives the market.
Competitive cost is driving the use of industrial lubricants which is thereby driving the demand for cold flow improvers.
Trends of changing demand, rising disposable income and improved production capacity is helping the market grow in a positive manner.

Cold Flow Improvers Market – Key restraints

Blockage of pipelines due to mismanagement can cause severe problems, resulting in reduced demand.
Increased competition can restricted entry might hinder the growth of new players in the market.

Expected Impact on Market by Coronavirus Outbreak

The Covid-19 outbreak is expected to pose challenges to players but the demand for cold flow improvers will not be greatly impacted. Though it may take time to reach to pre-pandemic levels due to social distancing norms yet these sectors might not experience much of a loss. Oil and gas or automobile industry is a platform where demand and supply will not be affected in an adverse way.

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Competition Landscape

Some of the key players in the market include BASF SE, Clariant AG, Evonik Industries AG., AkzoNobel N.V., Baker Hughes Inc., Afton Chemical, Bell Performance, Inc., The Lubrizol Corporation, Chevron Corporation, Infineum International Limited and Ecolab.

The market is experiencing expansion because manufacturers are pushing the products with unique strategies like collaborating with other key players. Exploring the untouched sides of this sector and inventing various ways is contributing in the surge.

Manufacturers are channelling effort and improving distributions throughout. Intense competition is driving the market in a very effective manner.

Cold Flow Improvers Market Segmentation

Product Type

Polyacrylate
Polyalkyl Methacrylates
Polyalkyl Methacrylates
Ethylene Vinyl Acetate
Others

By End Use

Automotive
Aerospace
Industrial

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More on the Report

The report gives an insight into major macro-economic factors and a region-wise analysis of the market (North America, Europe, India, China etc.). Key manufacturers are segmented into categories of Tier 1, Tier 2, and Tier 3. The report sheds light on the pre-dominant factors and key strategies adopted by the players across the globe.

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Coal Tar Pitch Market is Projected to Accelerate at a CAGR of 5.4% to Top US$ 5,145.5 Million by 2028

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

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

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

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

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

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

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

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

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

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

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

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Competitive Landscape

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

For Instance,

In 2017, Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., announced its new long-term coal tar supply agreement with leading steelmaker ArcelorMittal.

In 2018, Himadri Specialty Chemicals Ltd announced its plan to expand its production facility at Singur in West Bengal by making a planned investment of Rs 1,000 crore over the next five years.

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

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

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

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

Coal Tar Pitch Market Market by Category

By Form:

Solid
Liquid

By Grade:

Aluminum Grade
Graphite Grade
Special Grade

By Application:

Aluminum Electrode
Graphite Electrode
Roofing Coating Material
Blast Furnance Linings
Chemical Intermediates
Sealents

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

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

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

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

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

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Sodium Bicarbonate Market is Estimated to Register a Strong 3.9% CAGR Between 2021-2031, Says Future Market Insights

ESOMAR- certified firm Future Market Insight (FMI) has recently published a report on the global Sodium bicarbonate market for the forecast period of 2021-2031. According to the report, the market is expected to flourish at a rising CAGR of 3.9% during forecast period.

There is substantial potential for high quality pharmaceutical and food grade sodium bicarbonate. Increasing demand from end-use industries such as chemical, pharmaceutical, and food & beverage market will create lucrative opportunities for the players.

Sodium bicarbonate’s properties and characteristics such as odour neutralizing, cleaning, grease cutting, and moderate abrasiveness makes it ideal for numerous end users. It has niche application in the production of fire extinguishers and animal feed, contributing more to the revenue.

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Key takeaways from FMI’s Sodium Bicarbonate Market Study

The U.S. accounts for more than 80% of the North America market. The rising application in pharmaceutical and food & beverage industries will drive growth in the U.S.
Powdered sodium bicarbonate accounts for 82% of the global sodium bicarbonate market. It is expected to dominate the market owing to its impressive physical properties. Due to its crystalline nature it finds application in industries such as pharmaceutical, chemical, food and beverage, and water treatment facilities.
Technical grade sodium bicarbonate will account for 40% of the global market shares. This growth is largely attributable to it’s as application in leather processing, flue gas desulfurization, and chemical production.
China is expected to be one of the dominant markets globally due to the presence of various end-use industries and manufacturers. It is expected to account for more than US$500 Mn by the end of forecast period.
Germany accounts for around 21% of the Europe market owing to presence of key players and favourable environment for adoption.

“Demand for high quality and cost-efficient sodium bicarbonate is expected to rise around the world. In order to capitalize on existing opportunities, market players are likely to focus on various expansion strategies. Some of them are likely to focus on strategic collaborations to gain competitive edge,” says the FMI analyst

Some of the leading players operating in the market are:

Solvay SA
Merck KGaA
Nirma ltd.
Tata Chemicals Ltd.
GHCL Ltd.
Ciech SA
DCW Ltd.
Seqens group
Tosoh Corporation
Hawkins, Inc.
Vitro
Church & Dwight Co., Inc.

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Who is Winning?

Key players in the market are focusing on generating profit by exploring potential applications. Players are expanding their geographical boundaries to expand consumer base.

In March 2021, Solvay SA announced to divest its soda ash and derivatives business into a separate legal entity so that it can maximize cash flow generation and improve company’s strategic flexibility.
In June 2020, Tata Chemicals announced its business reorganization under verticals of material science, energy science, agri science, and nutritional science to focus on lucrative chemistry and science segments.

More Insight on the Global Sodium Bicarbonate Market

In the latest study, Future Market Insights gives a detailed insight on the sodium bicarbonate market, providing historical data for the period of 2016 to 2020 and forecast statistics for the period of 2021 to 2031. To understand the global sodium bicarbonate market potential, its growth, and scope, the market is segmented on the basis of various parameters:

By Grade Type

Pharmaceutical Grade
Technical Grade
Food Grade
Feed Grade

By Form

Powder
Pellets
Slurry
Liquid

By End Use

Processed Food
Pharmaceuticals
Personal Care Products
Chemicals
Agrochemicals & Nutrients
Detergent
Fire Extinguisher
Leather & Dyeing
Others

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About the Chemicals & Materials Division at Future Market Insights

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology.

The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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Oilfield Production Chemicals Market will Reach a Valuation of over US$ 3,824.9 Million towards 2032-end

Future Market Insights published market report titled “Oilfield Production Chemicals Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028” examines the oilfield production chemicals market and offers crucial market insights for the next ten years.

The global oilfield production chemicals market is driven by the increasing demand from the oil and gas industry. The production of crude oil in some regions has reported steady growth in the recent years and owing to this, the demand for oilfield production chemicals is expected to remain high in the near future.

According to Future Market Insights analysis, the global sales of oilfield production chemicals is estimated to be valued at US$ 2.4 Bn by the end of 2018 and is expected to register a 4.0% CAGR over the period of 2018–2028. This report divulges the demand for oilfield production chemicals and its break-up on the basis of different types and applications.

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The climatic conditions of crude oil producing regions are also expected to have an impact on the growth of oilfield production chemicals, such as hydrate inhibitors, in the coming years. Offshore oil production practices are expected to register steady growth, which in turn is expected to boost the sales of oilfield production chemicals such as demulsifiers in the coming years.

Moreover, crude oil manufacturers are focused on the exploration of oil and gas in order to add to the existing production capacities of crude oil. The discovery of new reserves of oil and gas is expected to drive the sales of oilfield production chemicals in the coming years.

Global Oilfield Production Chemicals Market: Segmentation Analysis

The market insights suggest that the global oilfield production chemicals market is dominated by the production methods application segment. Production methods are directly connected to the production of crude oil. Methods such as enhanced oil recovery, water injection and hydraulic fracturing used in crude oil production witness higher demand for oilfield production chemicals.

Increasing crude oil production is expected to boost production activities in oilfields, which in turn is expected to create a platform for the demand of oilfield production chemicals. The discovery of new reserves of oil is considered to be another factor responsible for the growth of oilfield production chemicals demand in the production methods application segment.

Global Oilfield Production Chemicals Market: Competitive Landscape

Some of the players reported in this study on the global oilfield production chemicals market include Baker Hughes, Ecolab Inc., Schlumberger Limited, Halliburton Company, BASF SE, Solvay SA, Akzo Nobel N.V., Clariant AG, Arkema SA, Huntsman Corporation, DowDuPont Inc., Albemarle Corporation, Weatherford International, Mazrui international LLC, Stepan Company, Hexion Inc. and Connel Bros Co. LLC, among others.

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Oilfield Production Chemicals Market By Category

By Type:

Demulsifiers
Corrosion Inhibitors
Paraffin Inhibitors
Biocides
Hydrate Inhibitors
H2S Scavengers
Scale Inhibitors
Others

By Application:

Production Methods
Storage & Transportation
Safe Disposal ges

Global Oilfield Production Chemicals Market: Regional Market Projections

On the basis of region/country, the Middle East & Africa region is anticipated to dominate the global oilfield production chemicals market throughout the forecast period. The oilfield production chemicals market in the Middle East & Africa region is expected to expand with a CAGR of 3.9% during the forecast period.

However, the demand in the Middle East and Africa region is met by the oilfield production chemicals manufactured in the domestic as well as the global market, which is expected to provide a lucrative opportunity for the penetration and oilfield production chemicals sales of manufacturers from other regions.

Moreover, Latin America is expected to expand with the highest CAGR in the global oilfield production chemicals market during the forecast period. Oil producing countries such as Brazil and Venezuela are expected to drive the demand for oilfield production chemicals in Latin America.

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North America and Eastern Europe, with their high oil production capacities, are expected to witness steady growth in sales in the coming years. Other regions/countries such as South East Asia, Western Europe, China and India are expected to grow marginally in terms of oilfield production chemicals demand over the forecast period.

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

Honing Oil Market: The global honing oil market is expected to grow at a robust CAGR during the forecast period 2022-2032.

Oilfield Chemicals Market; The global oilfield chemicals market is estimated to top US$ 27,383 Mn by 2022-end. FMI, in its latest report, states that the sales in the global oilfield chemicals market are expected to rise at a CAGR of 4.2% over the forecast period 2022-2029.

Waste-derived Pyrolysis Oil Market: Future Market Insights (FMI) has anticipated the demand of waste-derived pyrolysis oil to witness a year over year growth of 4.4% in 2022 reaching a value of about US$ 330.8 Mn by the end of 2022.

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Controlled and Slow Release Fertilizers Market to Cross US$ 10,222.4 Million by 2028, Says Future Market Insights

FMI presents detailed analysis and delivers key insights on the global controlled and slow release fertilizers market in its latest report titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028’.

The long-term outlook on the global controlled and slow release fertilizers market is positive with the controlled and slow release fertilizers market pegged at a value of US$ 4,791 Mn in 2018. It is expected to reach US$ 10,222.4 Mn by 2028 end, growing at a value CAGR of 9.1%.

Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

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Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period.

The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

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Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among others.

Controlled and Slow Release Fertilizers Market: Segmentation

Type

Urea Reaction Products
Encapsulated/ Coated

Application

Agricultural
Commercial Lawn and Turf
Others

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Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

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Lining Market is Reaching US$ 5.8 Billion at a Gracious Rate of 3.9% by the year 2028 | Exclusive Report by FMI

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

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

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

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

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

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

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

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

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

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

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

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

Key Segments Covered

The linings market is segmented as given below:

By Product Type:

Polymer
Rubber
Ceramic & Carbon Brick Line
Tile Lining

By Chemistry:

Solvent borne
Waterborne
Powder

By End Use:

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

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Marine Trade and Shipbuilding Activities Offering Potential Opportunities for Lining Adoption

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

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

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