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Tricalcium citrate is the most commonly used calcium salt of citric acid also referred to as tricalcium dicitrate tetrahydrate. Tricalcium citrate also denoted as calcium citrate is produced by neutralizing citric acid with a high quality calcium source such as calcium carbonate or calcium hydroxide. Tricalcium citrate is the most economic calcium salt, containing 21% of calcium. Tricalcium citrate is a white, odourless, crystalline powder or fine powder. Tricalcium citrate is freely soluble in diluted hydrochloric acid and slightly soluble in water. Tricalcium citrate is a better soluble at low temperatures as compared to other salts. Tricalcium citrate is insoluble in alcohol.

As tricalcium citrate has inverse solubility, it is less soluble under heat treatment as compared to other calcium salts. Due to its better bioavailability, tricalcium citrate is preferred over inorganic calcium sources such as calcium phosphate and calcium carbonate. Various regulation or requirements that tricalcium citrate have to meet are US Pharmacopeia (USP), the Food Chemicals Codex (FCC), and the Commission Regulation (EU) No. 231/2012.

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Increasing awareness for health, nutrition and food safety are the major drivers for tricalcium citrate market. Food safety measures in developing and developed regions and emphasis on processed food are also driving the demand for tricalcium citrate market. Growth of end user industries particularly food & beverage and healthcare are also proving to be the growth drivers of tricalcium citrate market in both developed and developing regions. Availability in different micronized granulations, better compressibility, and low reactivity compared to other calcium salts are some of the properties which makes tricalcium citrate more favourable as compared to other calcium salts.

On the basis of product type, the global Tricalcium Citrate market is segmented into

• Granular
• Micro ionized Powder
• Powder

On the basis of end user application, the global Tricalcium Citrate market is segmented into

• Food & Beverage
• Personal Care
• Cleaners & Detergents
• Healthcare
• Industrial Application
  • Agrochemicals
  • Fertilizers
  • Plastics
  • Polymers
• Feed & Pet Food

Current, North America serves as a largest market for tricalcium citrate due to flourishing end user industries such as healthcare, chemicals and consumer goods. Europe is estimated to be in second position. Europe accounting for a larger share in the market is due to growth in personal care and healthcare industry. Various efforts made by different regulatory authorities to promote processed food products have led to increase in the demand of tricalcium citrate in developed regions. Middle East & Africa tricalcium citrate market are also expected to grow during the forecast period. However, emerging countries such as India, China, UAE and Brazil are expected to have a significant market share in the near future. Asia Pacific (excluding Japan) is estimated to be the fastest growing market in terms of market share by value, particularly in fertilizers, personal care and healthcare end user applications.

Tricalcium Citrate Market: Key Players

Some of the key market participants in the global Tricalcium Citrate market are City Chemical LLC, Parchem fine & speciality chemicals, Asiamerica Ingredients, Inc., Jost Chemical Co., Alfa Aesar, Dastech International Inc., Generichem, Jungbunzlauer Suisse AG, A.B. Enterprises

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies and by vehicle type.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain

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

Report Highlights:

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

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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Acesulfame potassium is an odorless, crystalline powder which is derived from acetic acid. Acesulfame potassium has low calorie content, high temperature stability & water solubility and good shelf life. Acesulfame potassium is 200 times sweeter than sugar due to which it is a widely used sugar substitute or artificial sweetener and flavoring agent in food & beverage, pharmaceutical and cosmetic industries. Acesulfame potassium is directly added in bakery products and other foods that require increased shelf life.

Acesulfame Potassium Market forecasted to registering 5.3% CAGR during the forecast period (2022-2032) and projected to reach US$ 404.9 million by 2032.

In beverages, acesulfame potassium is used in combination with other sweeteners including aspartame and sucralose. Acesulfame potassium is also used in pharmaceutical industry, to alter the bitter taste of chewable tablets and liquid medicines. Acesulfame potassium is rendered as non carcinogenic by World Health Organization and European Union regulations. Beverage industry is currently the largest consumer of acesulfame potassium, followed by food processing and pharmaceutical.

Global Acesulfame Potassium Market: Drivers & Restraints

Increasing consumer health awareness and changing usage patterns of food additives are driving the market demand for acesulfame potassium. Artificial sweeteners are added in different foods and beverages so as to reduce the overall calorie content in foods as well as preserve their nutritional values. However, prolonged consumption of these artificial sweeteners such as aspartame, cyclamate, sucralose and saccharin has contributed to cause increase in obesity, diabetes, tooth decay, insomnia and other heart problems. Moreover, these additives also react with the ingredients of the product, thereby affecting nutrition and shelf life. Acesulfame potassium is considered suitable as compared to other food additives, since it does not react with other ingredients.

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Due to high temperature stability, acesulfame potassium can be directly added during the food manufacturing process. Acesulfame potassium also counter balances the post effect of other sweeteners and flavoring agents, and hence used in conjunction. Furthermore, acesulfame potassium does not affect cholesterol levels and owing to its solubility characteristics, it gets easily absorbed and excreted after consumption.

However, global developments in producing bio-based food additives such as stevia can be considered as a restraining factor which might hinder the growth of global acesulfame potassium market demand.

Global Acesulfame Potassium Market: Region-wise Outlook

In terms of the global demand for acesulfame potassium, Asia Pacific is anticipated to become the fastest growing region by the end of the forecast period. Currently, China is the largest producer and consumer of acesulfame potassium owing to its use in preparation of diet foods and carbonated drinks. Thus, China is expected to become the leading supplier of acesulfame potassium by the end of 2020. India is likely to depict favorable end-user market for acesulfame potassium, owing to its joint ventures and expansions with other beverage giants such as The Coca Cola Company. Other countries such as Indonesia and Japan are expected to follow similar trend.

North America followed by Europe are expected to illustrate a stagnant growth in demand for acesulfame potassium by 2020, due to their mature food processing and pharmaceutical markets. However, a slow growth is likely to result due to the consumption of acesulfame potassium in preparation of cosmetics such as lipsticks among others. Rest of the world, especially Africa and Latin America are estimated to show the slowest growth by the end of forecast period.

Global Acesulfame Potassium Market: Key Players

Some of the major producers dominating the acesulfame potassium market include, Changzhou Niutang Chemical Plant Co. Ltd., Suzhou Hope Technology Co. Ltd. and Anhiu Jinhe Industrial Co. Ltd. PepsiCo, Inc. and The Coca Cola Company among others.

The report covers exhaustive analysis on:

• Acesulfame Potassium Market Segments
• Acesulfame Potassium Market Dynamics
• Historical Actual Market Size, 2012 – 2014
• Acesulfame Potassium Market Size & Forecast 2015 to 2025
• Supply & Demand Value Chain
• Acesulfame Potassium Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Acesulfame Potassium Market Drivers and Restraints

According to latest research conducted on Coal briquettes market, it is expected to grow with a CAGR of around 4.2% during the forecast period 2022-2032 with garnering US$ 3,431.2 Million. The market is being driven by its applications in industries that require a constant temperature and high thermal efficiency (Steel plants). However, the market’s growth is being hampered by unfavourable conditions caused by the COVID-19 outbreak.

What is Driving Demand for Coal Briquettes?

Coal briquettes are blocks which are made by the compression of the different components such as saw dust, charcoal, coal dust, wood chips, paper or peat by adding some kind of additives or binders to increase its physiochemical properties. These are majorly used as a fuel and kindling to start the fire.

These briquettes usually have longer burn as compare to charcoal. Due to its property of long run burning with cooler heat makes it more easy to use. They are helpful in maintain the temperature.

The key driving factor for this market is its applications which are used in manufacturing industries, such as steel industry where high temperature and heat is required. As they have longer burn capacity they help in maintain the temperature and emits less harmful gases as compare to conventional options.

They are also used in ceramics industry. Apart from the manufacturing industries, nowadays briquettes are in limelight for their use in barbequing of food.  Their longer burn property make them ideal for the use of low & slow cooking.

The trends and choices in food are consistently changing and the barbequed food is one of the trends. These are extensively used in the food parks, restaurants and hotels for the barbeque purpose.

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Demand & Role of Coal Briquettes:

Coal Briquettes are blended with additives and binders which also decides its properties and its uses. Different binders can reform its properties. When compared to burning raw coal, coal briquettes greatly boost thermal efficiency and minimize coal-fired pollutant emissions in industrial boilers and kilns.

This is one of the major driving factor in propelling the demand for this market. The use of additives in coal briquettes has opened up a whole new universe for the logical use of low-quality coal and coal with a high sulphur content.

When briquettes are blended with slaked lime, they are helpful in decomposing the CO2 gas, hence the application slightly changes with the different binders.

The major demand comes from the industrial sector while its usage in providing variety of food also helps in the boosting the market growth. As these both industries will continue to grow hence it will impact the market positively.

Asia Pacific Demand Market Outlook for Coal Briquettes:

Asia-Pacific is expected to dominate the market for coal briquettes during the forecast period. Owing to the rising demand from food as well as industrial sector. They are widely used for open fires and multi-fuel stoves. India, China are top consumers of these briquettes owing to due to large population.

Conventional methods of cooking is quite popular in India as it’s a cheap source for domestic requirements. People find it much more affordable to use and it is easily available too. Moreover, the increasing spending on commercial foodservice sector is also driving consumption of this product as urbanization increased in the region.

Europe Demand Outlook for Coal Briquettes:

Europe is expected to play significant role in the driving the demand of the market. Food and ceramics industry are the key market drivers for this region. The lifestyle of people, their preferences and standard of living all are the considerable factors for the growth of the market. These industries are expected to grow with the time which will drive the market growth.

However the market faces regulatory pressure in the region, as many countries including Germany and UK and contemplating tightening the rules owing to significant opaqueness in the import source and trade of these type of charcoal products, particularly from illegal deforestation activities in other countries.

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Who are the Key Manufacturers and Suppliers of Coal Briquettes?

The Coal Briquettes market is consolidated in nature, with the top players accounting for a major share of the market. Some of the key companies in the market include

• ITO Global Trading Company
• Snesmi Techno Pvt Ltd
• Sun Company
• Coal Hut
• Milazzo Industries
• Milward alloys Inc.
• Halogen supply Co. Inc.
• Bepex international llc
• Dauber co. etc.

Manufacturers are focusing on increasing transparency pertaining to the sourcing of wood based raw materials that are used for producing these charcoals, in order to meet new regulatory norms and build confidence in consumers.

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

Key Segments Profiled in the Global Coal Briquettes Market

Coal Briquettes Market by Appearance Type:

• Pillow Shaped Coal Briquettes
• Hexagonal Shaped Coal Briquettes
• Round Shaped Coal Briquettes
• Square Shaped Coal Briquettes

Coal Briquettes Market by Composition Type:

• Wood Charcoal Briquettes
• Coal Dust Briquettes
• Peat & Paper Coal Briquettes
• Saw Dust Coal Briquettes
• Wood Chips Coal Briquettes

Coal Briquettes Market by Application:

• Coal Briquettes for Industrial Applications
• Coal Briquettes for Food Preparation

Coal Briquettes Market by Region:

• North America Coal Briquettes Market
• Europe Coal Briquettes Market
• Asia Pacific Coal Briquettes Market
• Latin America Coal Briquettes Market
• Middle East & Africa Coal Briquettes Market

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

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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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Cleaning In Place Market forecasted to registering 8.5% CAGR during the forecast period (2022-2032) and projected to reach US$ 16,496.1 Million by 2032. Cleaning In Place (CIP) involves cleaning manufacturing equipment used in the food and beverage industry without dismantling the complete machinery set. This system has significant importance in the food and beverage industry. This is due to its capability to help maintain hygiene and keep machinery equipment clean and safe from bacteria.

Some parts of the machinery such as pipelines, heat exchangers, mixing tanks, fillers, bends and others used in processing food items often contain food residue which provides a nutritional base for bacteria to thrive, and this will affect the quality of the next food item to be produced and also increases the chances of microbial contamination.

Hence, there is need for Cleaning In Place as it’s the only way which food items can be Other benefits attributed to the used of cleaning in place system in the food processing industry include; maintenance of labor, it saves time as it doesn’t require the dismantling of entire machinery before cleaning can be done, its economical since the solution used in cleaning and rising water can be recycled.

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Cleaning In Place can be carried out manually operated system or fully automated system depending on the nature of soil and film that needs to be removed from the machinery. The fully automated system includes;  Programmable Logic Controller panels (PLC), sensors and data acquisition, and its advantageous over the manually operated system owing to the fact cleaning can be done within few hours, it is economical and improves production process

Cleaning In Place Market Driven by Growing Consumers’ Demand for Convenience Food

These days, there has been an inclination to demand convenience food items due to consumers’ busy lifestyles and inability to cook. The rise in demand for convenience food affects the cleaning-in-place market because the food and beverage industry will have to meet up with the convenience food supply, which is often processed in machinery, and the machinery needs to be cleaned regularly to prevent microbial contamination. Hence, an increase in demand for convenience food is tantamount to an increase in demand for cleaning in place system and vice versa. Also, with the increasing preference for Food hygiene and maintenance, key players in the food processing industry are adhering to strict Cleaning In Place practice after every production shift.

Furthermore, increasing disposable income in developing nations is a major factor slated to accelerate the growth of the global cleaning in place market over the forecast period. Countries like China, India, and Japan have raised the per capita income of workers, and this will help fuel the growth of the cleaning in place market since there will be an increase in demand for ready-to-eat-meal.

Cleaning In Place Market: Region-wise Analysis

North America and Europe are the largest markets for the global Cleaning In Place market due to the rise in demand for food products free of contaminants. Consumers’ within these regions are conscious of their health and are ready to spend on food products free of microorganisms. These regions are expected to remain in dominance over the forecast period. Both regions are also slated to record a healthy CAGR during the forecast period. Other regions are small made for the cleaning in place market, so they are expected to witness moderate growth over the foreseeable period.

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Cleaning In Place Market: Competitive Analysis

• Holchem
• Novozymes
• Merck Millipore Corporation
• HRS Spiratube
• S.L.

Key Segments of Cleaning In Place Industry Survey

By End User:

• Food and Beverages Industry
• Pharmaceutical Industry
• Bakery and Confectionery Industry
• Dairy Industry
• Brewery
• Fruits and Vegetables

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

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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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The plastic compounding market size is anticipated to reach a valuation of around US$ 163.9 Billion by the end of 2032 from the current valuation of US$ 64.8 Billion in 2022. The global plastic compounding market is set to witness an impressive growth rate of 7.4% from 2022 to 2032.

The plastic compounding process is being utilized to improve electrical properties and UV resistance in polymers rendering it a very critical material in industrial applications. On the other hand, custom polymer compounding is becoming more common in the plastic compounding industry to achieve high-performance qualities in plastic-based goods. The improving economic condition and the rise of plastic end users have promoted plastic compounding market growth.

Due to the comparatively liberal administrative involvement regarding the inclusion of plastics in building materials, rising construction investment is anticipated to present growth possibilities for PVC compounds. The surge in the usage of purging compounds for injection moulding in the building industry is due to their application in flooring, insulation, storage tanks, performance safety windows, doors, pipelines, and cables.

The current trend of creating PVC from bio-based materials has been a very successful endeavour by plastic compounding market players. For instance, the newly unveiled Equilibrium plasticizer by Dow Chemical Company is expected to have a favourable impact on the growth of plastic compounding market opportunities throughout the projection period.

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The Asia Pacific plastic compounding market is anticipated to experience increased demand as a result of the expanding manufacturing sector. It is the leading manufacturer and user of consumer goods, autos, and packaging materials, which have cleared the path for the rapid adoption of the plastic compounding process.

Key Takeaways from Market Study

• By maintaining the typical CAGR of 7.4%, it is predicted that the entire growth of the worldwide market for plastic compounding would be over US$ 99 Billion within the next 10 years.
• Based on various product forms, polypropylene compound is the highest-grossing sector of the target market, with an estimated total share of 25% in 2022.
• The most common application of plastic components is used to make automotive components, which is figured out to have a market share of 20% in 2022.
• The plastic compounding market analysis report in 2022 indicated that Asia Pacific is the dominant region with a market share of more than 40%.

Competitive Landscape

Some of the well-known plastic compounding market players are BASF SE, LyondellBasell Industries Holdings B.V., Dow, Inc., DuPont, SABIC, RTP Company, S&E Specialty Polymers, LLC (Aurora Plastics), Asahi Kasei Corporation, Covestro AG, Washington Penn, Eurostar Engineering Plastics (EEP), KURARAY CO., LTD., TEIJIN LIMITED, Evonik Industries AG, Dyneon GmbH & Co KG among others.

With the rise of independent fully functional plastic compounding market key players, the sector has seen major capacity growth in last few years. Original Equipment Manufacturers or OEMs, which often enter into strategic relationships with plastic compounding market major players, have emerged to be the major market drivers.

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Recent Developments in the Global Plastic Compounding Market:

Dow, Inc. Company revealed about its investment projects to enhance circular plastics in October 2021 and start supplying it by 2022. These developments will contribute to the reduction of GHG emissions, the prevention of plastic waste, and the availability of recycled polymers with comparable qualities to fresh plastics.

Plastic Compounding Market by Segmentation

By Product Outlook:

• Polyethylene (PE)
• Polypropylene (PP)
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Polyolefins (TPO)
• Poly Vinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide
• Polycarbonate
• Acrylonitrile Butadiene Styrene (ABS)
• Others

By Application Outlook:

• Automotive
• Building & Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

By Region:

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

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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.

Contact Us:

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Adipic acid Market forecasted to registering 4.9% CAGR during the forecast period (2022-2032) & to reach US$ 10,238.9 million by 2032. Adipic acid is one of the most commercially crucial form of aliphatic dicarboxylic acids, particularly because of its considerable usage as a feedstock for the production of commercial fibers. It’s far constituted of the oxidation of a mixture of cyclohexanol and cyclohexanone with nitric acid. As a substitute, adipic acid can also be constructed from butadiene carbonylation.

There has been a considerable call for for chemically resilient, robust and durable fibers for the manufacture of automotive parts. This has initiated a strong demand for adipic acid, due to the fact it is one of the key components for the manufacturing of composite materials. The foremost intake of adipic acid is as the feedstock for the manufacturing for nylon 6,6 resin and engineering fibers.

The non-nylon applications of adipic acid consist of its usage within the manufacture of polyurethanes, plasticizers, food additives and prescription drugs.

Adipic Acid Market: Key Players

Some of the key players include in the adipic acid market report include DSM, Ascend Performance Materials Inc., BASF SE , Verdezyne, PetroChina Liaoyang Petrochemical,Rennovia, Sumitomo Chemical Co., Ltd, Asahi Kasei Corporation, Invista, Lanxess Ag and Rhodia

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The escalating demand for adipic acid from automobile, electrical & electronics, purchaser items and home equipment enterprise is one of the chief drivers for the adipic acid marketplace. The good sized research and development inside the fabric production era is also one of the key factors influencing the adipic acid market. The agencies are that specialize in growing excessive high-quality, durable, lightweight and high absorption ability fibers which are able to enduring intense situations such as high temperatures and are chemically inert as properly.
The adipic acid marketplace has witnessed a sizable boom in the current decade and the fashion is expected to continue for the forecast duration. But, the presence of stringent environmental regulations in one of a kind areas and the rise of hybrid fibers is expected to restrain the adipic acid market.

The adipic acid market can be segmented on the idea of the regions as North america, Latin america, APEJ, Japan, japanese Europe, Western Europe and middle East & Africa. In phrases of production and intake APEJ is the most important market for the adipic acid. The chief markets in APEJ region consist of India and China, which are forecasted to showcase double digit CAGR as a result of surprisingly at ease regulation and high call for from the car manufacturers markets followed by using APEJ the following maximum promising location is middle East and Africa, that allows you to be a first-rate player inside the adipic acid market within the coming years.

Even though North the us is one of the largest market for adipic acid in terms of intake. But, the call for in this areas is discreet and is anticipated to showcase modest increase over the forecast length. Europe is predicted to show off a modest boom in imminent years for adipic acid because of its high call for inside the automobile industry, however the marketplace in this place is constrained because of the presence of strict guidelines.

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

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

Key Segments in The Adipic Acid Market

By Application:

• Nylon 66 Fiber
• Nylon 66 Resins
• Polyurethanes
• Adipate Esters
• Others

By End-Use Industry:

• Automotive
• Electrical & Electronics
• Home Appliances
• Textiles
• FMCG

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

to be continued…!

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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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The demand for advanced ceramics remains significant in healthcare and medical equipment industries, while transportation, chemical, and defense & military are becoming significantly important end-use industries in the advanced ceramics market.

Leading market players are expected to introduce innovative products with unique material properties while limiting their lifetime operational costs, to maintain a competitive edge.

Traditional ceramics were known to have wide-ranging applications, however their downsides and limitations gave rise to the development of advanced ceramics. Like their traditional counterparts, advanced ceramics are also used across a variety of applications, and manufacturers are further modifying their properties to suit more specific needs of end users.

Three-fourth of the Advanced Ceramics are Manufactured for the Electrical & Electronics Industry

Advanced ceramics is a commonly used component in various industrial areas such as construction, medical, aerospace, and chemical. However, electrical & electronics is among the leading industries that makes use of advanced ceramics, and the type used in this area is known as electroceramics.

Nearly3/4th of the advanced ceramics manufactured are electroceramics, as the electrical & electronics industry is gaining momentum worldwide.

Ongoing advancements in electronics technologies and growing demand for modern consumer electronics appliances are expected to trigger manufacturers in the advanced ceramics market to introduce innovative characteristics of their offerings.

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For instance, greater wear resistance, compressive strength, and high pressure and temperature resistance properties of advanced ceramics will remain the most sought-after parameters of electroceramics in the coming years. This will further influence the recent trends in the advanced ceramics market globally.

Advanced Ceramics Market Witnesses Steep Cutbacks in Manufacturing During COVID-19 Pandemic

The COVID-19 pandemic has had a significant impact on most industrial operations, and the advanced ceramics market is no exception. Some of the companies involved in the supply chain were deemed essential, and had been operations even during the lockdown.

However, most of the players had to keep their manufacturing plants shut during the lockdown, hence witnessed major supply chain challenges.

The emergence of the coronavirus in the Asia Pacific region created significant bottlenecks for advanced ceramics market players, which is mainly attributed to the impact of the pandemic in big end-use industries.

Leading players in the global advanced ceramics market are expected to increase their focus on shifting to second sources of critical raw materials and improving agility of business operations, in order to emerge stronger out of the COVID-19 pandemic.

Advanced Ceramics Market: Region-wise Analysis

The global market for advanced ceramics is geographically segmented into seven regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

Geographically, Asia Pacific region is expected to account for a significant value share of the global market for advanced ceramics, especially with the increasing presence of market giants in the region. Asia Pacific region, followed by North America and Latin America will witness incremental growth, creating new opportunities for advanced ceramic businesses in the coming years.

China, Japan, and India are among the countries that may create more lucrative opportunities for market players, attributing to the rapid growth of end-use industries such as electronics and medical equipment industries, in these countries.

Furthermore, increasing investments in South America and North America will also signify lucrative opportunities in the region. Leading manufacturers of advanced ceramics are entering these markets to establish a stronghold globally.

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Advanced Ceramics Market: Competitive Landscape

• CoorsTek
• Kyocera Corp
• Corning IncMorgan Advanced Materials
• Murata Manufacturing Co. Ltd
• Ceram Tec.
• Ceradyne Inc.

In May 2019, Kyocera Corporation – a Japanese multinational ceramics and electronics manufacturer headquartered in Kyoto, Japan – announced that the advanced ceramics business operations of Friatec GmbH – a German manufacturer of connection technology – will be acquired by Kyocera’s Germany-based European headquarters, Kyocera Fineceramics GmbH.

A month prior to this acquisition, the company also took over H.C. Starck Ceramics GmbH (now: Kyocera Fineceramics Precision GmbH), a German company specializing in non-oxide fine ceramic components, and this way, Kyocera is aiming to strategically position the company in European markets to cater to the increasing demand for advanced ceramic components in the region.

In September 2019, General Electric announced that it has signed a definitive agreement with Apollo Management, L.P. – a private investment firm headquartered in the United States – to sell GE Advanced Materials (Silicones & Quartz). The company also declared that GE Advanced Materials is valued at US$ 2.5 billion and is a supplier of silicone-based products including advanced ceramics, sealants, and adhesives. The deal valued at approximately US$ 3.8 billion in cash and securities.

In June 2020, Morgan Advanced Materials – a global manufacturer of specialist products, using carbon, advanced ceramics and composites, headquartered in the United Kingdom – announced that it has acquired Carbo San Luis – a Argentina-based manufacturer of abrasives. This acquisition was in line with Morgan Advanced Materials’ strategy to continue investments to expand networks in the region.

Advanced Ceramics Market: Segment Analysis

The advanced ceramics market can be segmented on the basis of the following:

By Class

• Ceramic Coatings
• Monolithic Ceramics
• Ceramic Matrix Composites
• Others (Multilayer ceramics, advanced coatings)

By Material

• Silicon Carbide Ceramics
• Alumina Ceramics
• Zirconia Ceramics
• Titanate Ceramics
• Others (Aluminum Nitride, Magnesium Silicate, Silicon Nitride, Pyrolytic Boron Nitride)

By End-use industry:

• Medical
• Transportation
• Electrical & Electronics
• Defense & Security
• Chemical
• Environmental
• Others (Mining, Marine, Textile)

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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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As per FMI, the global green ammonia market is anticipated to grow at a CAGR of 71.7% between 2023 and 2032, totaling a valuation of US$ 6,271.1 Mn by the end of 2032. Growing shift towards green energy, presence of stringent emissions regulations, surging demand for green fertilizers, and ambitions toward zero-carbon energy goals are some of the key factors boosting the demand for green ammonia.

Similarly, increasing prominence of green ammonia in agriculture and various other industrial sectors, such as transportation, power generation, and others are also driving the green ammonia market.

The market for green ammonia has been significantly influenced by certain demographic factors, macro-economic factors, and certain innovation factors including growing energy transitions, development of green and renewable energy resources, supportive government regulations, policies, and initiatives towards the development of a hydrogen-based economy.

An increase in the investment for the development of green ammonia with increased applications for several end-use industries is expected to boost the market growth during next ten years.

Furthermore, increasing number of green hydrogen plants, adoption of ammonia as a green hydrogen carrier owing to a number of factors, such as ease of storage and transportation, established logistics and end-use markets, and increasing interests in ammonia as power generation feedstocks will further bolster sales in the green ammonia market during the forthcoming years

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“Growing demand for sustainable energy sources and green chemicals for various applications to minimize emission levels and protect environment is expected to propel the demand for green ammonia over the coming decade,” says an FMI analyst.

Key Takeaways:

• By production process, alkaline water electrolysis segment is estimated to account for about 1% of the overall market size during the assessment period.
• By end use, the fertilizer segment is anticipated to witness a consumption rate of about 6% green ammonia in terms of value.
• The U.S. is set to remain one of the prominent markets for green ammonia throughout the forecast period.
• The green ammonia market in North America is poised to grow at 74% CAGR between 2022 and 2032.
• Germany and the U.K. collectively account for around 0% share of the Europe Green Ammonia market.

Competitive Landscape

The market of green ammonia is highly consolidated one, where key players are expected to account for a major share of the market. CF Industries Holdings, Inc., BASF SE, Yara International ASA, Maire Tecnimont S.p.A., ACME Group, Fertiglobe plc, NEL Hydrogen, ThyssenKrupp AG, ITM Power, Holder Topsoe, Green Hydrogen Systems, Greenfield Nitrogen LLC, Siemens, and many others are some of the manufacturers and technology providers of green ammonia.

Key players are constantly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. Further top players are also investing significantly for innovation in the product series.

For instance, in 2022, Yara, ACME, and Scatec signed an agreement for the sale of green ammonia from Oman. The joint venture aims to build the first phase of the project of 12 km² of land to produce 100,000 metric tons of green ammonia per annum. The produced green ammonia will be supplied to various end-use industries such as the shipping, power, and steel industry.

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Green Ammonia Market Segmentation

By Production Process:

• Alkaline Water Electrolysis
• Proton Exchange Membrane
• Solid Oxide Electrolysis

By End Use:

• Fertilizer
• Transportation
• Power Generation
• Industrial Feedstock
• Others

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

to be continued…!

More Insights into the Green Ammonia Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global green ammonia market, forecast statistics for the period 2023-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on the production process, end use, and region.

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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.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs