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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.

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

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.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.

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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.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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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.

About FMI

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

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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’.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.

Contact Us

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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.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.

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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.

About FMI

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

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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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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 6-years.

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In a recent market analysis, Future Market Insights (FMI) has projected the global sorbitan esters market to expand at a steady 5.6% CAGR between 2021 and 2031. Driven by increasing applications of sorbitan esters in the food and beverage and personal care industry, the market valuation is forecast to top US$ 756.4 Mn in 2021.

Sorbitan esters are used as surfactants and solubilizers in cosmetics in a wide range of products including skin care products, eye makeup, cleansers, face creams, and other makeup, beauty, and personal care products.

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They are also used as wetting agents and dispersants in cosmetic products, particularly in color cosmetics and sun care products. The accessibility of global brands and higher purchasing power worldwide is expected to drive sales of cosmetics products. As a result, demand for sorbitan esters is projected to increase at a steady pace over the forecast period.

Sorbitan Esters Market: Drivers and Restraints

Sorbitan Ester is an FDA-approved drug that can be used in pharmaceuticals, food and beverages, and cosmetics. These sorbitan esters are used in a variety of applications in the food and beverage sector as solubilizers, stabilizers and emulsifiers. With the constant growth of the global food and beverage industry, it is only natural that it would contribute to the development of the global sorbitan ester market. Additionally, sorbitan esters are gaining popularity as they enable efficient processing and improve aeration, quality and stability of food products.

Another important growth driver for the global market for sorbitan esters is the booming cosmetics and personal care industry.This, along with its application in the pharmaceutical and agricultural industries, is also an important factor in the growth of the global market.

Rising awareness regarding harmful effects of chemicals in food and personal care products is shifting consumers’ preference towards natural ingredients and organically sourced food products. This is compelling manufacturers to launch clean label products in the market, which in turn is boosting sales of sorbitan esters.

Apart from this, sorbitan tristearate is widely utilized as a surface-active component in food and beverages to reduce viscosity. Increasing applications og sorbitan tristearate desserts, garnishes, jams, jellies, and marmalades is expected to spur demand for sorbitan esters in the confectionary sector.

In addition to this, growing utilization of sorbitan esters in cocoa and chocolate products is likely to boost demand for sorbitan esters.

“Increasing demand for sorbitan esters from the pharmaceutical, textile leather, and agriculture industries, coupled with new products launches by manufacturers to meet clean labeling criteria will continue augmenting growth of the global sorbitan esters market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• The food and beverage processing segment is expected to account for 44.4% of the total sorbitan esters market share in 2021.
• Based on form, sales of liquid sorbitan esters are projected to grow at a 5.2% CAGR through 2031.
• The sorbitan tristearate segment is anticipated to account for 29.0% of the total sorbitan esters market share in 2021.
• In terms of grade, the food grade segment is expected to expand at a 5.3% CAGR through 2031.
• The U.S. is projected to account for 82.3% of the total North America sorbitan esters market share.
• Russia will continue exhibiting high demand for sorbitan esters, with sales growing at a 4.0% CAGR.
• Sales of sorbitan esters in Germany are projected to rise at a 4.6% CAGR through 2031.
• Sorbitan esters market in China is expected to expand at a 6.3% CAGR over the forecast period.
• India will emerge as a lucrative market, with sales growing at a healthy 7.4% CAGR through 2031.

Competitive Landscape

Some of the leading companies offering sorbitan esters are:

• Mosselman s.a.
• Danisco
• Penta Manufacturing Company
• Merck KGaA
• Union Derivan
• A.,  Oleon N.V.
• Ivanhoe Industries, LLC,
• Lasenor Emul, S.L.
• Vantage Specialty Chemicals, Inc.
• Lonza AG and others.

Key players operating in the global sorbitan esters market are investing in strategic collaborations, mergers and acquisitions to expand their production facilities and distribution networks. Apart from this, players are focusing on research and development to launch innovative and plant-based sorbitan esters to cater to a growing customer pool.

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More Insights into the Sorbitan Esters Market Report

By Product Type:

• Sorbitan Tristearate
• Sorbitan Monostearate
• Sorbitan Monooleate
• Sorbitan Trioleate
• Sorbitan Monopalmitate
• Sorbitan Monolaurate
• Sorbitan Sesquioleate

By Application:

• Cosmetics and Personal Care Products
  • Facial Care
  • Body Care
  • Others
• Food and Beverage Processing
  • Confectionery
  • Bakery
  • Oil and Fats
  • Non-alcoholic Beverages
  • Alcoholic Beverages
  • Soups, Sauces and Gravies
• Pharmaceuticals
• lubricants and Waxes
• Animal Nutrition and Pet Food
• Industrial
• Textiles

By Form:

• Liquid
• Solid/Powder
• Semisolid/Paste

By Grade:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

By Region:

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

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9 years.

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According to the recent FMI report, the hydroponics market size is anticipated to cross a value of US$ 58.1 Billion in 2032, growing at a CAGR of 16.2% approximately between 2022 and 2032.

A significant driver of the hydroponics market is the emerging trend for exotic vegetables for use in intercontinental cuisines. This is due to consumers’ growing preference for natural and chemical-free food products. This factor accelerates the global hydroponics market growth. The developing world is focusing on technological developments to increase production and push demand for hydroponic-based products.

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Future hydroponics market growth may also be aided by rising consumer knowledge of the benefits of eating fresh veggies. During the projection year, sales are expected to increase due to the desire for exotic vegetables like red and yellow capsicum and red lettuce in fast food and retail chains like Burger King and KFC.

Since climatic changes have little effect on such systems, crops can be grown all year, increasing annual output. Salad crops are also becoming more popular, and the growing need for food security may drive global hydroponics market growth. The primary factor driving the growth of the global hydroponics market is people’s shifting preferences for hydroponics as profit farming. Certain constraints and challenges will stymie overall hydroponics market growth.

Furthermore, with rapid urbanisation, the demand for hydroponically grown vegetables and crops has increased from a variety of industries, including hotels, restaurants, fast food chains, railway catering, NGOs, and defence, encouraging farmers to cultivate using hydroponics systems.

Key Takeaways from the Hydroponics Market Study:

• The focus of the developing world is on creating technological innovations that will speed up production and increase consumer demand for products made in hydroponic systems.
• When planted under same conditions, the hydroponic plant grows 3050% quicker than a soil plant.
• Given that the technique is very effective in accelerating vegetable crop growth, the use of hydroponics in the production of vegetable crops is expected to stay high during the forecast period.
• A basic system that is not fully automated can run up to US$ 110,000 for a hydroponic farm that is 500 square feet in size.

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Due to customers’ greater spending power as a result of health concerns, the demand for vegetables and exotic fruits has been steadily increasing at a faster rate. Due to the fact that the majority of these products are imported, their prices are exorbitant. In order to increase the production of exotic fruits and vegetables and satisfy the rising demand, various research institutions and colleges are concentrating on setting up more straightforward hydroponics systems.

Regional Viewpoint

Increasing efforts to expand the area under commercial hydroponic systems in Europe are expected to aid hydroponics market growth. The Asia Pacific hydroponics market is expected to grow at the fastest rate due to the increasing use of hydroponics in countries.

Australia is the world’s largest producer of hydroponic lettuce, and its hydroponic strawberry cultivation exceeds that of the United States. The hydroponic market is expected to grow at a rapid pace in countries where land with poor soil quality is increasing.

The Middle East and Africa hydroponics market is expected to grow rapidly, owing to the presence of countries such as Israel, where hydroponics is being used to produce a variety of citrus fruits, berries, and other commercial crops.

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Landscape of Competition

The global hydroponics input provider market is consolidated, with major layers accounting for the lion’s share of the hydroponics market. Koninklijke Philips N.V., Argus Control Systems Ltd., American Hydroponics, Hydrodynamics International, Inc., and Lumigrow, Inc. are some of the market’s major players.

The market for hydroponic systems output is highly fragmented, with the top five companies, which include Bright Farms, Inc., FreshBox Farms, Pegasus Agritech, Village Farms International, Inc., and Thanet Earth, among others, accounting for only 7.1% of the market, while the rest is split among numerous players.

Get Valuable Insights into Hydroponics Market

FMI, in its new offering, provides an unbiased analysis of Hydroponics  Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Hydroponics based on Type (Aggregate Systems, Liquid Systems) by Equipment (HVAC, Control Systems, LED grow Lights, Irrigation Systems, Material Handing and Others) by Input (Nutrients, Rockwool) by Crop Type (Vegetables, Herbs, Fruits, Flowers) by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About FMI

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

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The decorations and inclusions market is valued at USD 7.1 Bn in 2022. It is set to grow at 8.1% CAGR through 2032.

Over 1,300 thousand metric tons of decorations and inclusions were sold in 2018, equaling revenues worth over US$ 8 billion. Key factors fuelling the demand for decorations and inclusions include,

• Rising consumer interest in foods with added inclusions and decorations
• Growing demand among foodservice companies and food product makers in a bid to stand out amid fierce competition
• Manufacturers expanding product portfolio of high-quality decorations, inclusions and toppings

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The FMI study finds that industrial food and beverage processing application registered a significant demand for decorations and inclusions in 2018, amounting to a hefty 75% of the total consumption. Status-quo will continue with buoyancy in the food and beverage processing industry where producers continue to push boundaries of processing with the use of decorations and inclusions.

Processing of baked goods such as cake, pastries and sweet biscuits significantly involves the use of decorations and inclusions as their sales heavily rely on distinct presentation, taste and texture. A similar trend is observed in the processing and marketing of breakfast cereals, confectionery, ice cream & frozen desserts, snack bars and beverages, thereby explaining the use of decorations and inclusions.

Commercial application of decorations and inclusions include shops distributing bakery & pastry and confectionery products. Bakery and pastry shops that offer customized food items through their own processing outlets also register considerable demand for decorations and inclusions.

Preserved/Dried Fruit Pieces Spearhead Demand

The FMI study shows that demand for preserved/dried fruit pieces has remained higher over the past few years and the status-quo is expected to continue in the future. In 2018, preserved/dried fruit pieces accounted for over one-fourth of the global decorations and inclusions consumption.

“Consumer sentiments for healthy ingredients and value-added food products are expected to augur well for the decorations and inclusions market, especially preserved/dried fruit pieces. Chocolate-based decorations and inclusions such as sprinkles, cups, shells and different shapers are witnessing rising popularity and expected to account for over one-fourth of the total consumption in 2019,” says FMI.

Sugar sprinkles and inclusions also witnessed significant consumption in 2018, accounting for one-fifth of the total decorations and inclusions consumption. Increasing demand for gourmet sprinkles in the bakery and confectionery applications is likely to boost demand for sugar sprinkles in the coming years.

Other types of decorations and inclusions include sweetened/caramelized nuts, roast nuts, backed pieces as well as sugar pastes and icings- collectively these products accounted for nearly one-fourth of all decorations and inclusions sold in 2018.

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Global Decorations and Inclusions Market: Segmentation

Analysis by Product:

• Chocolate Sprinkles and Inclusions
• Chocolate Shapes
• Chocolate Cups and Shells
• Sugar Sprinkles and Inclusions
• Sugar Shapes
• Preserved/Dried Fruit Pieces
• Sweetened/Caramelised Nuts
• Roasted  Nuts
• Baked Pieces
• Sugar Pastes & Icings

Analysis by End Use:

• Industrial/Food and Beverage Processing
  • Baked Goods
    • Cakes
    • Pastries
    • Sweet Biscuits
  • Breakfast Cereals
  • Confectioneries
    • Chocolate Confectioneries
    • Sugar Confectioneries
  • Ice Cream and   Frozen Desserts
  • Snack Bars
  • Beverages
• Bakeries and Pastry Shops
• Confectionery Shops
• Restaurants and Hotels
• Household (Retail)

Analysis by Sales Channel:

• Direct Sales/B2B
• Indirect Sales/B2C
  • Intermediate/Bulk Distributors
  • Brick & Mortar Retailers
  • Online Retailers

Analysis by Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

• What is the growth rate of the decorations and inclusions market?
• What is the market’s forecasted outlook for 2022-2032?
• What are the major industry drivers?
• What are the key industry strategies of the global decorations and inclusions market?
• What are the major regional markets for decorations and inclusions?
• Which region consumes the highest amount of decorations and inclusions?
• What are the most common types of decorations and inclusions in the market?
• What are the market’s major end use segments?
• What are the Key companies operating in the market?

About FMI

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

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