Malonic Acid Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2028

Over the recent past, demand for malonic acid and its ester compounds has increased in several end use industries, such as pharmaceutical, coating, electronics and polymer & plastic, among others, owing to its multifunctional nature and characteristic properties.

Due to the multi-functional nature of malonic acid, it can be used as a precursor, active pharmaceutical ingredient (API), cross linker, additive and intermediate compound, among others.

Malonic acid, formula CH2(COOH)2, is also known as propanedioic acid. It is a white crystalline dicarboxylic acid compound that is readily soluble in alcohol & ethers. Through ionization of malonic acid, malonic esters are produced, which are called as malonates.

Historically, the first synthesis of malonic acid was carried out through oxidation-reduction of malic acid with potassium dichromate. With industrial developments and advancements in manufacturing technology, several methods for the production of malonic acid were developed and commercialized. Moreover, commercially, malonic acid is produced from chloroacetic acid and diethyl malonate.

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As an intermediate, malonic acid is used in the manufacturing of alkyd resins, which are further used in coating applications to prevent damage caused due to oxidation, UV light and corrosion. Also, malonic acid is used as a cross linker in low-temperature cure powder coatings to accelerate the coating process.

Moreover, malonic acid is also used to induce cross-linking in starch compounds, which are further used in the manufacturing of biodegradable thermoplastics. Furthermore, as a building block, malonic acid is used in the production of pharmaceutical compounds, specialty polyesters, flavor and fragrance compounds and electrolyte additives, among others.

Upsurge in demand from pharmaceutical & Coating industry

Over the recent past, there has been significant growth in malonic acid consumption. This can mainly be attributed to growing demand from the pharmaceutical and coating industry. Rise in demand for malonic acid as an active pharmaceutical ingredient (API), supported by its increasing utilization for producing Diclazuril, non-steroidal anti-inflammatory agents and various vitamins, such as B1, B2, B6, among others, have been the key driving factors responsible for its growth.

Moreover, macroeconomic growth of the pharmaceutical industry in developing countries, such as China, India, ASEAN and African countries, will be a prominent factor supporting its market growth.

Further, malonic acid finds usage as a crosslinking agent in low temperature powder coatings. With the paints & coatings industry shifting towards water-based and powder coating systems, from traditional solvent-borne coatings, the demand for malonic acid is expected to witness a healthy upsurge.

These non-conventional paints and coatings significantly reduce the volatile organic compound (VOC) emissions, in turn, causing increased traction across various parts of the world.

Global Malonic Acid Market: Key Players

The malonic market is a highly fragmented market and a significant share of the market is accounted by the presence of small to the medium players. Some of the key players identified across the value chain of the global Malonic Acid market include Lonza Group, Trace Zero LLC., Wuhan Kemi-Works Chemical Co., Ltd., Hefei TNJ Chemical Industry Co.,Ltd., Shanghai Nanxiang Reagent Co., Ltd., TATEYAMA KASEI co.,Ltd, MedicalChem(Yancheng)Manuf.Co.,Ltd., Columbus Chemical Industries, Inc., J&K Scientific Ltd.,etc.

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Opportunities for Market Participants

Adoption of organic and inorganic growth strategy and increasing demand from end-use industries, such as polymer & plastic, coating and pharmaceutical industry, among others, will support demand in the global market. Regulations pertaining to the use of bio-based chemicals in Europe and the U.S. will support sustainable development because of which several players are emphasizing on the development of bio-routes for the production of malonic acid.

A report published by the U.S. Department of Energy on Top 30 value-added chemicals that can be produced from biomass-derived sugar identified malonic acid as one of the prominent chemicals. Consequentially, several players are focusing on the development of bio-based routes for the manufacturing of malonic acid to comply with government regulations. In 2015, Lygos, Inc. had produced malonic acid from biomass-derived sugar, which turned out to be cost-effective and eco-friendly as compared to traditional petroleum routes.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, grade type and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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

Regional analysis includes

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

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

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Global Malonic Acid Market: Segmentation

The global Malonic Acid market can be segmented on the basis of grade, function and end-use.

On the basis of grade, the global Malonic Acid market can be segmented as follows:

  • Technical Grade
  • Pharmaceutical Grade

On the basis of function, the global Malonic Acid market can be segmented as follows:

  • Precursor
  • API
  • Additive
  • Other

On the basis of end use, the global Malonic Acid market can be segmented as follows:

  • Paint & Coating
  • Polymer & Plastics
  • Pharmaceutical
  • Flavor & Fragrance
  • Electronics
  • Others

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

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Anisole Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2026

Anisole, also known as methoxybenzene can be described as an organic compound and colourless liquid with smell similar to that of anise seed. Anisole is prepared synthetically and is a precursor of other synthetic compounds and it is an ether. The chemical formula of anisole is CH3OC6H5.

Anisole has a good solubility in diethyl ether, ethanol, benzene, chloroform, toluene and most of the organic solvents. It is used as a solvent, insect pheromone, and as an intermediate in manufacturing of dyes, fragrances, pharmaceuticals, etc.

Anisole is generally supplied to end-users in drums or specially constructed tanks for hazardous liquids commonly called as ISO TANKS. Anisole suffers electrophilic aromatic reaction quicker than benzene, which reacts relatively quicker than nitrobenzene. Anisole is produced by the reaction of sodium phenoxide with methyl bromide and Williamson ether synthesis.

Rapid industrialization along with rising use of intermediate chemicals for manufacturing of other products such as polycarbonates, and detergents is expected to promote the expansion of capacity over the forecast period. It is utilized in manufacturing nanoparticles (tin oxide) and inorganic complexes, rising the demand for anisole, which is expected to boost the market growth. The compound is an important raw material for producing Guaiacol, MEHQ & 4-MAP.

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Global Anisole Market: Dynamics

Increasing demand for fragrance products such as creams, scents, perfumes will push the industry penetration over the upcoming years. Moreover, improved manufacturing process as well as technological innovations to increase the demand of products with high purity levels will have a progressive impact on the market.

Strong manufacturing base of fragrance products coupled with increasing demand in countries like Germany, U.S., Brazil, Mexico and Saudi Arabia is expected to drive the global anisole market.

Apart from these products, anisole finds its application in pharmaceutical industry as an intermediate chemical. Requirement of these products in higher amounts triggers the growth of anisole market in a large scale even in developing countries.

Raw material availability and price volatility remain as one of the largest challenges in the global anisole market. Further, stringent environmental regulations and less storage time of anisole is the key reason restraining the growth of global anisole market.

In addition, exposure to the product above acute limit can cause serious health related problems including irritation in eyes, throat burning, etc. which in turn hamper the growth of global anisole market. Application of anisole as insect pheromones is anticipated to provide significant opportunities in the market over the forecast period.

Global Anisole Market: Region-wise Outlook

Considering regions, Europe accounts for a larger share in the global anisole market and will show a significant growth in France, Germany, and the U.K. since the need for cosmetic products are increasing swiftly. Rising awareness among the youth regarding grooming and beauty care promotes global anisole market over the forecast period.

Asia-Pacific is expected to witness the highest growth over the forecast period owing to the rising pharmaceutical industries in India, China, Malaysia, Thailand and Vietnam. Latin America is the evolving region for perfume industry and is expected to grow at a significant rate.

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Global Anisole Market: Market Participants

Examples of some of the market participants in the anisole market identified across the value chain include SIGMA-ALDRICH Co. LLC, Atul Ltd., Solvay S.A., Westman Chemicals Pvt. Ltd., Parchem fine & specialty chemicals, Evonik Industries AG, Huaian Depon Chemical Co., Ltd., JIANGSU TIANJIAYI CHEMICAL CO. LTD., Kessler Chemical, Inc., Shaanxi Top Chemical Co., Ltd., Yasho Industries Pvt., Ltd., Hangzhou Haichem Co., Ltd. among others.

Manufacturers are employing latest technologies for manufacturing of anisole which includes acetylation, acylation and electrophilic aromatic bromination. Among the various technologies, electrophilic aromatic bromination is the most employed technology as it enhances their reactivity and increases energy among the anisole molecules.

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

Regional analysis includes

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

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

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Global Anisole Market: Segmentation

The global anisole market can be segmented on the basis of application as follows;

  • Dyes
  • Perfumes
  • Pharmaceutical products
  • Others (food products, etc.)

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Flame Retardant Masterbatch Market is Likely to Record a Strong CAGR of 10.2% during the Forecast Period by 2032

The global flame retardant masterbatch market is expected to grow at a strong CAGR of 10.2% recorded during the forecast period. The Global Flame Retardant Masterbatches Market is currently estimated at US$2530.67 Million by 2022 and will estimatedUS$6,684.23 million by 2032.

In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Flame Retardant Masterbatch. FMI provides a new study to elucidate the potential growth parameters of the Flame Retardant Masterbatch market. On the back of prevailing trends FMI presents a positive growth outlook.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Flame Retardant Masterbatch market structure.

FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

FMI’s latest report on global Flame Retardant Masterbatch market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Flame Retardant Masterbatch in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Flame Retardant Masterbatch market.

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In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.

With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Flame Retardant Masterbatch market is expected to witness in the upcoming decade.

Impact of COVID-19 on Flame Retardant Masterbatch Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Flame Retardant Masterbatch market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

Important Questions Answered in the Flame Retardant Masterbatch Market Report

  1. How will the Flame Retardant Masterbatch market expand through 2032?
  2. Which region is the most lucrative in the Flame Retardant Masterbatch market?
  3. What are the recent technological developments in the Flame Retardant Masterbatch market?
  4. What are key challenges and competition threats faced by Flame Retardant Masterbatch market players?
  5. Who are prominent players leading the Flame Retardant Masterbatch market?

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Flame Retardant Masterbatch Market: Key Segmentation

By Region

  • North America;
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East
  • Africa (MEA)

Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.

Flame Retardant Masterbatch Market: Competitive Evaluation

The FMI’s Flame Retardant Masterbatch market report provides a comprehensive analysis on key players operating in the Flame Retardant Masterbatch market. Some of the key players are:

  • Albemarle Corporation
  • Ampacet Corporation
  • BASF SE
  • Clariant International AG
  • Cromex S/A
  • DIC Corporation
  • Dongguan GreenTech Plastics Co., Ltd
  • DOVER CHEMICAL CORPORATION
  • FERRO-PLAST Srl
  • LANXESS AG
  • Nouryon
  • Polyplast Muller GmbH
  • Polytechs
  • Tosaf

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

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Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Flame Retardant Masterbatch market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Flame Retardant Masterbatch 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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Wetting Agent Market | Future Scenarios, Growth and Analytical Insights – 2028

Need for better wetting performance and quicker wetting has become a major requirement for customers. Moreover, the increasing demand for odorless surfactants has been fueling innovations in the wetting agent market.

With the transforming needs of the consumers, the wetting agent providers are finding the need to increasingly transform their product offerings to ensure that they can improve the way they customer’s needs are taken care of.

For instance, the globally recognized chemical company, SABIC added the innovative non-iconic surfactant to its leading portfolio of fluid products. The product is an effective detergent, emulsifier, and wetting agent finding considerable application in home care and the textile industry.

Furthermore, the wetting agent is also being used as a base in new products providing key prospects for the manufacturers in the wetting agent market.

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For instance, the Profounda, Inc. launched its new lubricating drops, which are the wetting agent based nasal moisturizers. Such differentiating wetting agent applications are expected to offer greater avenues of expansion for wetting agent manufacturers.

The application of wetting agent in agricultural sector is expected to gain greater traction in the coming years. New technology and formulations are expected to provide wider scope for the wetting agent companies. The need for efficient and good-quality crop production is amongst the key requirements for which advanced products are being introduced.

For instance, the recently introduced Soax Advanced wetting agent, by Oasis Grower Solutions, is a liquid surfactant that is well-formulated to assure the uniformity in the ratio of air and water throughout the overall root zone.

This wetting agent reduces spot drying occurrence, prevents formation of water sockets, and enhances the capacity of holding water. Such applications are expected to drive the demand for wetting agent across various end-use industries.

Leading Economies to Illustrate Production Opportunities for the Future

While the market is analyzed for key regions, owing to the increasing production facilities in regions such as Europe and North America, the production of wetting agent in these regions can see effective opportunities owing to major players in the wetting agent market finding production scope in these regions.

Evonik Industries AG, another wetting agent market player has been showcasing significant growth in the chemical sector which could strengthen its hold in the wetting agent market too. The new production facility such as the ones in North America and Germany for its other chemical offerings are expected to offer new future opportunities for the company in those regions.

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Major manufacturers Showcasing Considerable Developments: Steady Future Opportunities Could be Expected

The key player in the wetting agent market include ALASIA Chemicals, Hexion Inc., AkzoNobel N.V., The DOW Chemical Company, Evonik Industries AG, BASF SE, Arkema SA, Harmony Additive Pvt. Ltd, Huntsman Corporation, Mani Agro Chemicals, Ashland Inc., and BYK-Chemie GmbH.

Investment and expansion strategies have been a key aspect for the companies as they modify their business models to cater to the transforming and fluctuating market. Companies are seen investing in flourishing segments and regions to ensure fruitful business growth.

  • Huntsman Corporation, a wetting agent provider was seen expanding its business in Saud Arabia, with a Diglycolamine agent joint venture with Zamil Group. Their diglycolamine agent can help produce amine salts, surfactants, wetting agent and others. Such joint ventures are expected to enhance the company’s contribution in the wetting agent market with steps taken towards improving their offerings to the consumers in the market.
  • New product development strategy has been a major factor that supports the wetting agent manufacturers to gain a competitive edge in the market. For instance, the BASF launched their new wetting agent Bascal HP 100 that is designed for overcoming the challenges occurred in multi-effect distillation (MED) desalination plants.
  • The Dow Chemical Company has also been illustrating tremendous growth with nearly 10 percent increase in organic sales and the company has stated a considerable performance from all domains which explains a steady future for the company’s wetting agent market contribution.

Classification of Wetting Agent Market to Determine the Promising Segments

The wetting agent market is segmented based on the type of product and application to obtain a clearer understanding of the market in terms of its subdivisions.

  • On the basis of the type of product the wetting agent market is segmented into solvent, water, and powder based.
  • Based on the application of wetting agent the market is sub-divided into architecture, agriculture, cosmetics, industrial, automotive and others.

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The research report on wetting agent market illustrates an extensive evaluation of the entire market. It includes the facts and historical data, meaningful insights, and industry-validated and statistically-backed data providing a better understanding of the wetting agent market.

The report includes projections with the help of adequate set of assumptions and methodologies. The research report on wetting agent market provides evaluations and data based on regions, market segments, technology, and applications.

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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Asia Pacific Bio Composites Market: New Technological Development Projecting Massive Growth till 2032

By 2032, it is anticipated that the Asia-Pacific Biocomposite market would be worth US $27,817.3 Mn. Global market demand is being driven by growing industrialization, the building industry, rising demand for consumer goods, transportation, and automotive sector items.

The Asia-Pacific Bio Composites market is anticipated to grow at a CAGR of 13.4% during the forecast period, with a market value of US$ 8,603.5 Mn in 2022, according to FMI.

Bio composites or green composites are formed by a biopolymer matrix and reinforcement of natural fibres. Someare degradable materials, but this is rare.Increasing concerns for the environment is a major driver of the bio composite market.

Need for green composites is driven by depleting natural resources like crude oil (crude oil is a major component of non-bio composites), focus on reducing environmental pollution levels and utilization of agricultural waste. Natural fibres used in bio composites include natural fibres like Jute,wood flour, sugarcane bagasse, oil palm fibre,rice husk etc.

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Natural fibre reinforced polypropylene (PP) composites have gained popularity for commercial use in the automotive industry. The advantages of natural fibres over manmade glass fibre include reduced cost, low density, distinct mechanical properties, less energy consumption etc.

Automakers are currently shifting towards bio composites as natural fibres like hempare tougher than steel and is also cost-effective in terms of production. Bio composites are also used in the construction and marine sectors as it is easily mouldable and rigid in nature.

In terms of revenue, the global polymer market was estimated to be US$ 250 billion in 2013. Projections suggest that the market will reach US$450 billion by 2025. On the other hand, globalmarket of  bio-based polymer  is expected to grow  at a CAGR of 10% – 11.5%.

Increase in demand for bio composites is expected from regions of Asia Pacific, due to increasing construction, manufacturing and automotive sectors. Asia-Pacific is also estimated to be the largest automotive composite market with total share of around 43% globally. Asia-Pacific is turning into a hub for bio composite manufactures and is expected to report a high demand for bio composites over the coming years.

Commercial and residential construction industry in APAC is flourishing and bio composite is preffered for manufacturing are used industry is assured to play a major role in it due to increasing environmental concerns, stringent government regulations and as a social responsibility.

The key players in the market are divided into two groups which are bio composite manufacturers and bio composite suppliers. The main producers of natural fibre composites in the market are Flexform Technologies, Technaro GmbH, Procotex S.A. Corporation NV and Greengran B.V. The prominent suppliersof natural fibre composites are Stemergy, Bast Fibers, LLC and Crailar.

Many companies offering bio composites are aggressively trying to enhance their product portfolio to meet customer requirements and explore untapped markets. The bio composite market in APAC is highly fragmented and existing players try to develop partnership agreements amongst themselves and with smaller companies.

After a decade of extraordinary developments with regard to artificial fibres, bio composites have garnered high interest from the automotive sector, especially for interior and exteriors of automobiles. Social concerns, depleting carbon resources and ecological regulations have initiated the search for new products and processes that are environment friendly.

The combination of natural fibres and composites can reduce dependence on petroleum-based composite material. Bio composites could ultimately replace petroleum-based composite material in various applications areas such as automotive and construction. This could also offer new manufacturing and environmental benefits. Increasing use of bio composites can help maintain CO2 balance in Earth’s atmosphere.

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Awareness with regard to the environment and new government regulations like CAFÉ (Corporate Average Fuel Economy), new national and state emission standards will catalyze increased research for eco-friendly products in the application industry.

As bio composites are produced from renewable sources such as wood pulp, jute fibers, cellulose fiber etc., it is imperative that the cost of raw materials will be stable in coming years. In addition to this high volume production of bio composites will also minimize the production cost, thus market prices of bio composites.

Key Segments Profiled in the Bio Composites Market Report Bio Composites Market

By Product Type, Bio Composites Market is segmented as:

  • Hybrid Bio Composites
  • Green Bio Composites

By Fiber Type, Bio Composites Market is segmented as:

  • Wood Fiber
  • Non Wood Fiber

By Polymer Type, Bio Composites Market is segmented as:

  • Synthetic Polymer
  • Natural Polymer

By End Use Industries, Bio Composites Market is segmented as:

  • Construction & Building
  • Transportation
  • Consumer Goods
  • Others (Electrical & Electronics, etc.)

By Country, Bio Composites Market is segmented as:

  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Oceania

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About Future Market Insights (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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Hydrated Lime Market: In-Depth Analysis with Booming Trends Supporting Growth and Forecast by 2028

Lime is calcium-containing inorganic compound, in which oxides and hydroxides are predominate. Primarily, lime has two different types such as hydrated lime and quicklime. Hydrated lime is available in dry powder form, is less caustic as compared to quicklime.

It is produced by hydrating or adding water during the manufacturing process, also known as slaking. Hydrated lime is used in ground or pulverized form.

In term of applications, hydrated lime is used in metallurgical operations for refining and extraction of metals from mineral ores; in agricultural fields as a soil conditioner for pH balancing; and in the manufacturing of cement, clinker, plasters and related additive materials for concrete.

Further, hydrated lime is used as a softener in water-treatment processes. Further, it is used as a reagent in flue gas treatment during the desulphurization process and as a chemical additive for the manufacturing of paper, glass and processed leather products

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Global Hydrated Lime Market Dynamics

Mining activities involve the refining of mineral ores in pure metal form to generate sludge effluents, which are released in water sources. These water resources, require effective water treatment, which in turn creates lucrative growth opportunities for hydrated lime producers, owing to the application of hydrated lime as a reagent for effluent treatment processes.

Existing mandatory environment management rules enforced by governments for achieving zero hazardous material discharge in natural water resources are expected to be the prime factor supporting this growth.

Precipitate calcium carbonate (PCC), made by hydrated lime, is an innovative product, which finds a wide range of application in the production of paper, paint, plastic, rubber, ink, etc. PPC’s ability to replace high-cost impact modifiers in polymers is, in turn, driving its consumption in plastic industries_ PVC plastisols, polysulfides, urethanes, and silicones.

Thus, the demand for precipitated calcium carbonate is positively impacting on the global hydrated lime market throughout the forecast period. The growing use of hydrated lime in various application, specifically in the agriculture, chemical, plastic, and mining industries are expected to drive the demand for the global hydrated lime market.

Global Hydrated Lime Market: Key Players

The global hydrated lime market expected to be fragmented throughout the forecast period. Some of the market participants identified across the value chain of the global hydrated lime market include Graymont Limited, Lhoist, SIBELCO, NIKI Chemical industries, McGean-Rohco Inc., KIMTAS, CARMEUSE, Boral Limited, Omya Australia Pty Ltd. and United States Lime & Minerals, Inc., among others.

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

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Regional analysis includes

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

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.

Global Hydrated Lime Market Segmentation

Hydrated Lime market is segmented on the basis of applications, end-use industry, and regions. Global hydrated lime market can be segmented on the basis of applications as mentioned below:

Global Hydrated Lime market can be segmented on the basis of the application as mentioned below:

  • Water treatment
  • Building Materials
  • Mineral Processing and Metallurgy
  • Pellatisation of steel
  • Whitening Agent

Global Hydrated Lime market can be segmented on the basis of end-use industry as mentioned below:

  • Mining Industry
  • Construction
  • Paper Industry
  • Chemical
  • Oil & Gas

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

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Pentane Market | Future Plans and Industry Growth with Quantitative And Qualitative Analysis by 2028

Pentane is a hydrocarbon organic compound that has a gasoline-like odor and is usually burnt as a fuel. Pentane finds numerous industrial applications; for instance, it is used as an ingredient in the production of petroleum.

Its primary application is in creating blowing agents, which are in turn used in manufacturing polyesters (foams). Pentane has three isomeric forms, i.e. iso-pentane, n-pentane and neo-pentane, which are generally used in blowing agents, electronic cleansing or as chemical solvents.

 Pentane: Market Drivers and Challenges

The growth of the global pentane market can be attributed to the rapid adoption of automobiles across the globe, which in turn is estimated to step-up the adoption of gasoline. Pentane acts as a blending agent in gasoline, which is augmenting the growth of the gasoline market.

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Further, for polystyrene and polyurethane, pentane behaves as a blowing agent. Increasing disposable income and the inclination towards higher living standards have changed the lifestyle and buying power of the public, resulting in a jump in the sales of electronic appliances, which require polystyrene and polyurethane foam insulation for cooling purpose.

This in turn is increasing the consumption of pentane in the global market. In addition, pentane and its byproducts are used as refrigerants in electronic appliances (fridge and air conditioners), which is another factor contributing towards the growth of the global pentane market.  Therefore, the growth of the electronics industry has a significant impact on the consumption of pentane and is expected to create sizable growth opportunities in the global pentane market over the forecast period.

On the flip side, pentane, being highly volatile and hazardous, evaporates in the environment rapidly at room temperature and burns above 360 Celsius. Also, when mixed with water or vapor, it can be exceedingly flammable. Further, the exposure of pentane to living beings or the environment, particularly aquatic animals, could be harmful as it consists of a high level of volatile organic compounds (VOCs).

The presence of VOCs can also damage crops. Furthermore, though pentane has not been classified as carcinogenic, its exposure has an adverse effect. As a result, several regulatory bodies have established and imposed stringent regulations.

For instance, in Europe, pentane pollution is controlled through PPC (pollution, prevention, and control) regulations and U.K. National Air Quality Strategy. The European Solvents Directive (99/13/EC) also controls the consumption and release of pentane in the environment.

Moreover, due to these challenging factors, pentane is gradually being replaced by propylene glycol methyl ether or propylene glycol methyl ether acetate. Also, the handling of pentane requires skilled labor, which could affect the growth of the pentane market to some extent over the forecast period.

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Pentane Market: Regional Market Outlook

Among all regions, North America is anticipated to hold a significant share in the pentane market, owing to the widespread presence of the electronics industry and huge demand for blowing agents in polyester applications.

In Asia Pacific, counties such as Japan, South Korea, China, India, and Japan, the demand for pentane is expected to be surplus as a result of the significant presence of electronic manufacturing facilities. Further, the demand for pentane in Europe is likely to subside due to the stringent regulatory scenario; hence, the consumption of pentane could be replaced by propylene glycol methyl ether or propylene glycol methyl ether acetate.

Pentane Market: Market Participants

The global pentane market is anticipated to be highly fragmented, owing to the presence of numerous local manufacturers. Examples of some of the market participants in the global pentane market identified across the value chain include:

  • Maruzen Petrochemical
  • Yeochun NCC Co., Ltd.
  • LG Chem
  • HCS Group
  • Top Solvent Co., Ltd.
  • Merck KGaA
  • TCI Chemicals (India) Pvt. Ltd.
  • Exxon Mobil Corporation
  • Phillips 66 Company

The pentane research report presents a comprehensive assessment of the pentane 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 pentane research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional analysis includes

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

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

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Pentane Market: Market Segmentation

On the basis of product type, the global pentane market has been segmented into:

  • n-Pentane
  • Iso-Pentane
  • Neo-Pentane

On the basis of application, the global pentane market has been segmented into:

  • Blowing agent
  • Electronic cleansing
  • Chemical solvent

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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Organic Fertilizer Market | Business Opportunities and Global Forecast to 2030

Organic fertilizers have greatly helped consumers avail access to clean-label foods, to the extent that they are willing to pay a premium price for such products. Leading manufacturers are thus investing heavily in bolstering their research and development capabilities and dole out environmentally friendly fertilizers.

Organic farming has taken precedence over conventional farming in recent years. Rising environmental consciousness has prompted consumers to abandon mainstream foods in favor of greener alternatives.

Factoring in this trend, governments worldwide are providing impetus to organic farming techniques in order to preserve soil fertility and water degradation. On the back of this, the global organic fertilizer market is experiencing an immense upsurge and will continue doing so across the next half-a-decade.

Furthermore, manure based organic fertilizers are anticipated to be the most commonly used fertilizers attributed to rising government concerns regarding livestock manure disposal.

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Organic Fertilizers Market- Competitive Landscape

Some of the key players involved in organic fertilizer production include:

  • Fertikal N.V.
  • CropAgro
  • Bio Nature Technology PTE Ltd.
  • National Fertilizers Limited
  • Biofosfatos de Brasil
  • BioSTAR Organics
  • Kribhco
  • California Organic Fertilizers
  • Multiplex Group
  • Italipollina SPA
  • Uniflor
  • Walt’s Organic Fertilizer.

These players are constantly developing sustainable and environmentally friendly products in tandem with the global sustainability concerns.

Impact of COVID-19 Pandemic on the Organic Fertilizers Market

The novel coronavirus pandemic has drastically altered manufacturing cycles across the entire globe. Implementation of strict social distancing protocols have dented production cycles as employees can no longer travel to factories for work.

This has led to a massive gap in the demand-supply equation and a shortage of raw ingredients due to logistical difficulties. This has impacted the organic fertilizer industry to a very large extent.

Fortunately, governments are leaving no stone unturned to ensure that high purity foods reach customers throughout the world by providing financial assistance, relaxation on logistical restrictions to enable raw materials supply and mandating staggering work guidelines.

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Organic Fertilizer Market: Segmentation

By Raw Material Type

  • Plant Based Fertilizers
  • Molasses
  • Seaweed
  • Animal Based Fertilizers
  • Urea
  • Fish Emulsion
  • Compost & Compost Tea
  • Legume Cover Crops
  • Soybean Meal
  • Manure
  • Milk
  • Cottonseed Meal
  • Green Manure Cover Crops
  • Corn Gluten
  • Bone Meal & Blood Meal
  • Manure Tea
  • Others

By Application

  • Farming
  • Gardening

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About Future Market Insights (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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Sodium Nitrate Market: Global Industry Overview and Competitive Landscape till 2026

Sodium nitrate is a type of alkali metal nitrate salt, also popularly known as Chile saltpeter (as large deposits of this salt are found in Chile) to differentiate it from ordinary saltpeter and  potassium nitrate. It is a white, crystalline solid and though it is non-combustible, it increases the burning rate of combustible materials. Large quantities of sodium nitrate result in fires, or explosions in cases where the combustible material is finely divided.

Sodium nitrate finds important applications in solid propellants, explosives and chemical fertilizers, apart from many other uses. It also finds important applications in several reactions carried out on industrial scales for the manufacture of chemical fertilizers, pyrotechnics and smoke bombs, glass and pottery enamels, preservatives for food applications and in the manufacture of solid rocket propellants.

Sodium nitrate is also used as a colour fixative in cured meats and poultry. It finds application as an oxidizer in fireworks, thereby substituting potassium nitrate commonly found in black powder, and as a component in instant cold packs.

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Sodium nitrate is combined with potassium nitrate and calcium nitrate for the purpose of heat storage and, lately, for heat transfer applications in solar power plants. A mixture of sodium nitrate, calcium nitrate and potassium nitrate finds application as an energy-storage material in prototype plants, such as the Andasol Solar Power Station and the Archimedes projects.

Apart from this, sodium nitrate also finds application in wastewater treatment processes for facultative microorganism respiration. Nitrosomonas, a genus of microorganisms, consumes sodium nitrate preferentially vis-à-vis oxygen, enabling it to grow more rapidly in the wastewater to be treated.

Rising demand from the food and beverages industry

In recent times, there has been a rise in the demand for food preservatives from the rapidly growing food & beverage industry. Preservation of processed food has been gaining importance over the past few years. Sodium nitrate is being increasingly used as a preservative in specific processed meats, such as bacon, jerky and luncheon meats.

Moreover, the volume of processed food & beverage consumed has been rising exponentially, which can be primarily attributed to the rising population with high income groups, especially in developing economies. These factors have been largely contributing to market growth.

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Competition Outlook

Some of the key manufacturers operating in the global sodium nitrate market include BASF SE, Merck KGaA, Grupa Azoty, Sumitomo Chemical Co., Ltd., and Avantor Performance Materials, Inc. Some of the other producers of sodium nitrate include Deepak Nitrite, Ricca Chemical Company and LabChem, among others.

Regional analysis includes:

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

Market Taxonomy/Segmentation

Market by grade

  • Industry grade sodium nitrate
  • Food grade sodium nitrate
  • Pharmaceutical grade sodium nitrate

Market by end use industry

  • Fertilizers
  • Pharmaceutical & Healthcare
  • Explosives
  • Food & Beverage
  • Others

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

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

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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Battery Management System Market to Be Valued at US$ 37715.01 Bn By 2032 | Future Market Insights, Inc.

The battery management system market is projected to observe growth at a CAGR of 17.8% and is likely to touch a valuation of USD 37715.01 bn by 2032, while it holds a revenue of USD 7329.28 Mn in 2022. High Penetration of Electric and Hybrid Vehicles Push the Demand for Battery Management System.

Proliferating fuel prices along with the advent of high-performance hybrid and fully electric vehicles have increased the demand for battery management system for better power transmission and delivery.

Rising adoption of electric and hybrid vehicles along with development in wireless and connected device technology Rising adoption of electric and hybrid vehicles along with development in wireless and connected device technology

The battery management system is the heart of any electric vehicle, transmitting the power and energy to run the motor system. The battery management system is nothing else but electronic control circuits that monitor and regulate the charging and discharge of batteries.

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This system allows users to monitor the performance vitals of the battery including battery type, temperature, state of charge, power consumption, remaining operating time, charging cycle, and other properties.

Key Takeaways from Market Study

  • The battery management system market is expected to increase with a market share of 20-25% in North America.
  • Germany is the biggest market for battery management system market in Europe.
  • Based on product type category, lithium-ion battery type holds the biggest market share of 41.5 in 2022. The factors behind the growth of this segment are its incorporated applications in mobile electronic devices and electric vehicles due to their high efficiency and high energy density.
  • Battery management system market analysis explains that modular topologies segment is rising with a strong CAGR of 22,7% (2022-2032) among topologies category with an incremental opportunity of above USD 7.9 Billion between 2022 and 2032

The increased fuel prices due to the Ukraine-Russia war has led to high logistics and fluctuating duties on it. Due to this, people are shifting towards electric vehicles and have started adopting the latest technology-backed EVs. However, sales of battery management systems were restricted during the previous forecast period (2017-2022) due to the logistics bans and the lack of research on electric vehicles. The shutdowns of electric technology programs along with the lower capital generation through the already existing programs led to the slowdown of the battery management system market. The market is set to recover through 2032 due to the higher sales of hybrid and electric vehicles.” says a Future Market Insights analyst.

Competitive Landscape

The battery management system market is fragmented by the several key vendors present in the market to lift the market share of battery management system. These players are using various tactics to acquire bigger share in the market in recent years.

Market is open to monopolization and can be seen getting influenced from the major players. Though the latest experiments are helping the space to be wide.

Recent Market Development

  • L&T has introduced its custom-designed battery management system that keeps the electric vehicles in the safe zone that has better temperature management with 90% efficiency, 20% cost reduction. This is likely to fuel the demand for battery management system.
  • Toshiba electronic device lyd has launched its battery/power management system that develops new products by applying it to multiple formats. Brand ensures the improvement of safety, high efficiency, and miniaturization (Small size package).

Key Players

  • Toshiba Corporation
  • L&T Technology Services
  • Navitas System, LLC
  • Merlin Equipment Ltd.
  • Ashwoods Energy Limited
  • Lithium Balance Corporation
  • Nuvation Engineering

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Key Segments

Battery Type:

  • Lithium Ion
  • Advanced Lead-Acid
  • Others

Topologies:

  • Centralized
  • Modular
  • Distributed

Components:

  • Battery Control Unit
  • Battery Communications Interfaces (CAN bus )

Application:

  • Automotive
    • Electric Vehicles
    • E-Bikes
    • Others
  • Military
    • Military Drones
    • Submarines
    • Others
  • Consumer/ Handheld
    • Power Tools
    • Home Appliances
    • Others
  • Telecom
  • Energy
    • Grids
    • Wind/Solar Farms
    • Others

By Region:

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

About Future Market Insights (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,
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