Market Research Blog

Demand for nitric acid market is increasing, as it is a component of many fertilizers. The global nitric acid market is set to witness a significant CAGR of 2.3% and is anticipated to reach a valuation of around USD 37.63 billion by 2032, up from 29.3 billion in 2021.

Fertilizers are used to boost agricultural output in order to meet the rising food demand from the growing population. Nitric acid demand from fertilizer producers is expected to increase, as is fertilizer usage in agrarian economies around the world.

The existence of international firms, which are constantly coming out with new products to gain a larger nitric acid market share, makes the global nitric acid market extremely competitive.

The government’s environmental regulations and efforts to reduce industrial waste are what are preventing the nitric acid market from expanding. The market was constrained by these nitric acid market trends, due to rising concerns over CO2 emissions from automobiles.

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However, it is projected that the growing usage of plastic in the medical industry would lead to a gradual stabilization of nitric acid market share. The growing need for PPE kits, which has increased plastics manufacturing, is driving the growth of the nitric acid market.

North America is anticipated to hold the largest global market share for nitric acid, which may be ascribed to the region’s consumers’ high disposable income and robust economic growth. Most of the demand for nitric acid comes from Eastern Europe, a region with significant growth potential.

Key Takeaways from Market Study

• The nitric acid market is expected to have a CAGR of 2.3% during the forecast period.
• The market is segmented based on application, wherein the fertilizer segment is anticipated to account for a significant global nitric acid market share of 80.07% in 2021.
• The European nitric acid market is anticipated to grow at the fastest rate, with a share of around 65.5% in 2021.
• North America is likely to dominate the nitric acid market during the forecast period.
• Asia Pacific is expected to witness a lucrative growth rate in the nitric acid market during the forecast period.
• Demand for nitric acid is high, since it is a component of many fertilizers, and discretionary income among consumers is rising.

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Competitive Landscape

Businesses all across the world are focusing on process innovation and capacity development. Key market players claim that building large plants and increasing commercial output would improve the availability of nitric acid.

Key Players

• BASF SE
• Dupont
• Nutrien Ltd.
• Omnia Holding Limited
• Apache Nitrogen Products Inc.
• CF Industry Holdings, Inc
• Thyssenkrupp AG
• Yara International ASA
• Rashtriya Chemical & Fertilizers Ltd.

Key segments

By Application:

• Fertilizers
• Nitrobenzene
• Adipic acid
• Toluene diisocyanate (TDI)
• Nitrochlorobenzene
• Others

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Recent Developments: Product Launches and Collaboration

With a new long-term nitric acid supply contract signed in October 2020, LSB Industries, Inc. will supply 70 KT to 100 KT of nitric acid annually to a customer. This is an endeavor to improve profitability through targeted marketing and a different product mix.

• At the Indian nitric acid complex, Deepak Fertilizers and Petrochemicals began commercial production in April 2019. Around 149 KT of diluted nitric acid and 92 KT of concentrated nitric acid are annually produced by the new factory.

Frequently Asked Questions

The thermoformed plastics market is expected to observe growth at a CAGR of 5.5% and touch valuation of USD 66.16 bn by 2032, while it holds a revenue of USD 40.86 Bn in 2022.

Thermoformed plastics can be defined as fabricated plastic that is transformed through the rising temperature, making it bendable for reshaping. This pushes the sales of thermoformed plastics.

Medical products like prefilled syringes, pharmaceuticals bottles, medical electronics. These supplies also involve capsules and tablet packing, formally known as blister packaging, increasing the demand for thermoformed plastics.

Application of thermoformed plastics in the construction industry has risen in few last years as it thrives the thermoformed plastic market and it creates flooring, concrete and furniture.

The growing electric and petrol vehicles using hard plastic is also attributed to the thermoformed plastic growth, using it qualities in manufacturing lightweight vehicles.  The use of it in automobiles is set to thrive the demand for thermoformed plastic favoring lightweight vehicles.

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Key Takeaways from Market Study

• As per the new market research report on thermoformed plastics for the years 2022 to 2032, polypropylene is dominating the product segment and holds more than 21.0% of the share, pushing the overall sales of thermoformed plastics.
• The thin-gauge thermoformed plastic segment is likely to dominate the process category while holding the sales through the process. It holds a 35% revenue share in the global thermoformed plastics market.
• Application category has small segments like healthcare & medical, food packaging, electrical & electronics, automotive, construction and consumer goods & appliances, where food packaging segment holds 42% of the global revenue.
• United States holds the biggest share in thermoformed plastics market, holding the 53.8% share of the global market, attributing to the growing manufacturing and suppliers of thermoformed plastics in the region.

“Thermoformed plastic survey explains that the government initiatives, increasing plastic use coupled with latest advanced technology increasing the sales of thermoformed plastics. The increase in popularity of retail shopping and online shopping has pushed the demand for thermoformed plastic as it is applicable in the packaging of multiple brands.” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of Thermoformed plastics are emphasizing research & development to offer differentiated products with no chemical components. Key players are working together and developing new product lines to enter untapped market places. New market players also bring new processing units that produce better plastic for specific industries, fueling the sales of thermoformed plastics.

• Greiner packaging GmbH, under its sustainability prospects has launched new thermoformed plastic solutions to cater multiple industries like medical, pharmaceuticals and food. The self-separating cup named K 3 r100 has been in news lately, appreciated for its green future program.
• Palram Americans ltd has distributed its produced plastic channels into Acrylic, PVC and Polycarbonate that define their own characteristics, applicable to various industries. The It has also expanded its manufacturing units with high demand for thermoformed plastics.
• Completing more those 55 years in the industry, Brentwood has expanded its business segments including Battery, Building and construction, cooling tower, medical and custom forming. This has pushed the demand for thermoformed plastics.

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Thermoformed plastics Market by Segmentation

By Product:

• Polymethyl Methacrylate (PMMA)
• Bio-degradable polymers
• Polyethylene (PE)
• Acrylonitrile Butadiene Styrene (ABS)
• Poly Vinyl Chloride (PVC)
• High Impact Polystyrene (HIPS)
• Polystyrene (PS)
• Polypropylene (PP)

By Connectivity:

• Plug Assist Forming
• Thick Gauge Thermoforming
• Thin Gauge Thermoforming
• Vacuum Snapback

By Application:

• Healthcare & Medical
• Food Packaging
• Electrical & Electronics
• Automotive
• Construction
• Consumer Goods & Appliances

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The size of the world butyl stearate market was estimated at US$ 4.56 billion in 2021 and is predicted to reach US$ 5.18 billion in 2022. The overall demand for butyl stearate is projected to rise at a steady CAGR of 4 percent to 4.8 percent between 2022 and 2032, reaching a total of roughly US$ 9.42 Bn by 2032. This is due in part to butyl stearate’s growing adoption across a variety of industries, including cosmetics & personal care, textiles, and food & beverages.

Butyl Stearate is an organic chemical compound belonging to the family of alkyl esters of fatty acids. Butyl stearate is the butyl ester of stearic acid, it is also known by the names such as Octadecanoic acid, Butyl octadecanoate, N-Butyl stearate etc. Butyl Stearate is synthesized by the reaction of stearic acid with butyl alcohol.

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Butyl stearate has the inimitable properties such as low viscosity and high stability. Owing to its distinguished properties, it forms hydrophobic, non-greasy film when used for skin care. Butyl Stearate is usually in the form of oily liquids or waxy solids.

Butyl Stearate is finding its application in various industries as a plasticizer in plastic and polymer processing, as an emollient in cosmetics & personal care products such as skin cream, lotions & lipsticks etc. Butyl Stearate is also gaining significant attraction emulsifying agent or oiling agent in food & beverage industry.

Butyl stearate is also finding its applications in spin finishes & textiles, it is also used as lubricants in metalworking, butyl stearate is also used as an additive for Paints and printing inks Butyl stearate can be also used as surfactants and base material for perfumer. Butyl stearate is also gaining attraction as a solvent or oil carriers in agriculture industry.

Butyl Stearate Market: Dynamics

Growing urban population has up surged consumer spending capabilities in developing countries, owing to which there is rise in the consumption of cosmetics and personal care products. Rising consumption of cosmetics & personal care products will fuel the demand for butyl stearate. Rise in youth inclination towards the use of cosmetics and personal care products and also changing lifestyle has elevated the consumption of cosmetics products, which will positively influence the butyl stearate.

Changing food preferences due to changing lifestyle has led to the growth of processed food industry, increasing demand for processed food will substantially impact the butyl stearate market. In this rapidly evolving industrial world plastics and polymers are playing crucial role, up surge in the consumption of plastics & polymers will up rise the demand for butyl stearate. Also the growth of printing ink and paints industry will have a positive impact on the butyl stearate market. Shifting consumer preferences towards the adoption of food & cosmetic products comprised of natural ingredients will act as a restraining factor for the market.

Butyl Stearate Market: Regional Outlook

Highly escalated population growth and increased spending capabilities especially in countries such as China and India is estimated to boost the growth of cosmetics & personal care industry along with food & beverage industry. Also the increased inclination towards better looks & style has hiked up the consumption of cosmetics and personal care products in the Asia Pacific region, owing to which Asia Pacific makes a promising market for butyl stearate.

In the developed economic regions such as North America & Europe there is substantial rise in the demand for beauty & personal care products, especially there is significant rise in the demand for anti-ageing and men care & grooming product, owing to which North America & Europe can be considered as prominent market for butyl stearate. Increasing demand for beauty care & personal care products due to the augmented self-awareness has elevated the demand for butyl stearate in Latin America, due to which Latin America is expected to be healthily growing market.

Rising demand for cosmetics & personal products due to their increased consumption especially in the Middle East region and inclination towards the use of beauty care & other personal care products in the region such as Africa makes Middle East & Africa a promising market for butyl stearate.

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Butyl Stearate Market: Key Developments

Examples of some of the market participants operating in the global butyl stearate market are:

Pacific Texchem Private Limited., Jacob Stern & Sons, Inc., Mohini Organics Pvt Ltd, A&A FratelliParodi Spa, AcarKimya A.S., Fine Organics, Nayakem Organics Pvt. Ltd., Allan Chemical Corporation, Green Biologics Ltd,  and Penta Manufacturing Company among others.

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

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Butyl stearate Market 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 Butyl stearate market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Butyl stearatemarket segments and geographies.

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Butyl Stearate Market: Segmentation

The global butyl stearate market can be segmented on the basis of form, grade, application and by end-use.

The global butyl stearate market is segmented on the basis of its form:

• Oily liquid
• Waxy solid

The global butyl stearate market is segmented on the basis of its grade:

• Technical Grade (40-60%)
• Cosmetic/Pharma Grade (≥99%)

The global butyl stearate market is segmented on the basis of its application:

• Emollient
• Plasticizers
• Flavoring agent
• Solvent
• Lubricant

The global butyl stearate market is segmented on the basis of its end-use:

• Cosmetics & Personal Care
• Plastics & Polymers
• Metalworking
• Food & Beverages
• Textile

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During the projection period from 2022 to 2032, the demand for methyl ethyl ketone peroxide (MEKP) is expected to increase at a CAGR of roughly 4.8 percent to 5 percent, reaching a valuation of close to US$ 5 Bn by the end of 2028. The global market for methyl ethyl ketone peroxide is expanding as a result of increasing use of the chemical in the production of composites and polymers.

Methyl ethyl ketone peroxide (MEKP) is a type of organic peroxide. It is a colorless liquid oily in nature. Methyl ethyl ketone peroxide (MEKP) is highly sensitive for shock, friction, flame, heat, and other sources of ignition, therefore the production of methyl ethyl ketone peroxide is a risky process, and it needs strict following of safety norms in production, storage and transportation of methyl ethyl ketone peroxide (MEKP).

Methyl ethyl ketone peroxide (MEKP) is manufactured from hydrogen peroxide and methyl ethyl ketone, in a controlled reaction environment. Methyl ethyl ketone peroxide (MEKP) is majorly used in resin and polymer industry as a curing agent or as a hardening agent. It acts as a catalyst for initiation of curing reaction in various polymers and composites.

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Market Dynamics of Methyl Ethyl Ketone Peroxide (MEKP) Market

Increasing polymer and composite industry is expected to push the growth of methyl ethyl ketone peroxide (MEKP) demand

Increasing demand for lightweight and high performance materials is driving the demand for composite materials from various industries including automotive, transportation, aerospace, defense, and other manufacturing. Growth in demand for composites and FRP is expected to boost the demand for curing agent which will in turn accelerate demand for methyl ethyl ketone peroxide (MEKP).

Methyl ethyl ketone peroxide (MEKP) is also used in the manufacturing of acrylic acid, which has large demand from various industries. Therefore rising acrylic acid market demand is expected to push the demand for methyl ethyl ketone peroxide (MEKP), during the forecast period

Explosive properties of methyl ethyl ketone peroxide (MEKP), and increasing safety norms by various countries, may impact the potential growth on the methyl ethyl ketone peroxide (MEKP) market

Methyl ethyl ketone peroxide (MEKP) is highly flammable and explosive in nature, therefore, risk is included in the production and handling of methyl ethyl ketone peroxide (MEKP). Increasing safety rules and regulations related to material handling and use may impact on growing opportunities for methyl ethyl ketone peroxide (MEKP) market.

Presence of alternative curing agents in the market is one of the big threat for the market growth, however, some of the properties of methyl ethyl ketone peroxide (MEKP) are favored by the composite and polymer manufacturers.

Methyl ethyl ketone peroxide (MEKP) market trends

Contracts and agreements for long term relationship the customers and expansion are the major strategies followed by the market players

Increasing number of small scale players, especially in China and other Asian countries, is intensifying the competition amongst the manufacturers of methyl ethyl ketone peroxide (MEKP) to sustain in the market. Manufacturers are therefore focusing on the long terms contracts and agreements with the customers, for the supply of methyl ethyl ketone peroxide (MEKP).

Expansion of the production capacities for meeting the increasing demand form high growth regions, has also been witnessed by the methyl ethyl ketone peroxide (MEKP).

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Methyl Ethyl Ketone Peroxide (MEKP) Market: Regional Outlook

Asia Pacific led the global methyl ethyl ketone peroxide (MEKP) market, due to increasing demand from growing polymer and composite industry in the region. Moreover, increasing middle class population in the emerging economies in Asia Pacific are supporting the industry in the region. High GDP growth in the region is also bolstering the industrial production and packaging industry which is expected to push the industrial demand growth for polymers reflected into growth in demand for methyl ethyl ketone peroxide (MEKP).

Europe followed Asia Pacific in terms of demand for methyl ethyl ketone peroxide (MEKP), however the stringent regulations in Europe is affecting the potential growth of the methyl ethyl ketone peroxide (MEKP) market in this region.

North America followed Europe methyl ethyl ketone peroxide (MEKP) market, expecting the significant growth over the forecast period. Increasing prices of raw materials in North America is reflecting into the prices of methyl ethyl ketone peroxide (MEKP). This is pushing the methyl ethyl ketone peroxide (MEKP) business in North America driving the global demand for methyl ethyl ketone peroxide (MEKP).

Global Methyl Ethyl Ketone Peroxide (MEKP) Market Participants

Some of the market participants identified across the value chain of global Methyl ethyl ketone peroxide (MEKP) market are:

• Arkema
• AkzoNobel Specialty Chemicals
• Fibre Glast Developments Corp.
• SHIV SHAKTI CATALYST
• Redox Pty Ltd
• Kawaguchi Chemical Co., Ltd.
• Jacobson Chemicals Ltd
• SAMUH LAXMI CHEMICALS (BOM) P. LTD.
• Parchem fine & specialty chemicals
• Freeman Mfg. & Supply Co.
• Polymer Products (Phil), Inc.
• Chemx
• Link Composites Pvt. Ltd.

The global market 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 global market research report provides analysis and information according to market segments such as geographies, application and industry.

The global methyl ethyl ketone peroxide (MEKP) market report covers exhaustive analysis on

• Methyl ethyl ketone peroxide (MEKP) Market Segments
• Methyl ethyl ketone peroxide (MEKP) Market Dynamics
• Methyl ethyl ketone peroxide (MEKP) Market Size
• Methyl ethyl ketone peroxide (MEKP) Supply & Demand
• Methyl ethyl ketone peroxide (MEKP) Current Trends/Issues/Challenges
• Methyl ethyl ketone peroxide (MEKP) Competition & Companies Involved
• Methyl ethyl ketone peroxide (MEKP) Technology
• Methyl ethyl ketone peroxide (MEKP) Value Chain

The Global Methyl Ethyl Ketone Peroxide (MEKP) Market: Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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

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Global Methyl Ethyl Ketone Peroxide (MEKP) Market Segmentation

On the basis of function, the global methyl ethyl ketone peroxide (MEKP) market can be segmented as:

• Raw Material
• Curing/Hardening agent

On the basis of application, the global methyl ethyl ketone peroxide (MEKP) market can be segmented as:

• Polymer Manufacturing
• Composite Manufacturing

On the basis of resin type, the global methyl ethyl ketone peroxide (MEKP) market can be segmented as:

• Polyester resins
• Vinyl Ester Resin
• Other Resin

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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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The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2021, and is expected to witness lucrative growth at a CAGR of 7.6% during the forecast period of 2022-2029. Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market.

Through constant research & development, elastomeric coatings are finding applications in different areas. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry.

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Key Takeaways of Elastomeric Coatings Market Study

• By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
• In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
• The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
• Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

 “Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc.,  among others.

Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

Elastomeric Coatings Market By Category

By Types :

• Acrylic
• Polyurethane
• Epoxy
• Silicone
• Polyurea
• Others

By Application :

• Building & Construction
• Industrial
• Automotive & Transportation
• Others

How will the market shape up?

Overall growth prospects of economies are expected to remain positive in the coming years. Owing to rapidly growing industrialization and urbanization, end-use industries such as construction are growing at a significant growth rate, which, in turn, is boosting elastomeric coatings market growth.

The building and construction segment is estimated to maintain its prominence over the forecast period, whereas, the usage of elastomeric coatings in industrial applications is projected to gain high traction at a steady peace.

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research.

The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2021 and opportunity assessment for the forecast period of 2022-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

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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 7-years.

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Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient.

Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth of the robotic lawn mower market during the forecast period.

According to FMI’s recent market study, the robotic lawn mower market is projected to progress at a high CAGR of 11.5% and reach a valuation of US$ 2 Bn by the end of the forecast period (2021-2031).

Key Takeaways of Robotic Lawn Mower Market Study

In terms of segmental analysis, the sales of robotic lawn mowers are expected to remain concentrated to residential end use; nevertheless, sales in the commercial segment are projected to witness hefty growth over the coming years.

e-Commerce growth across the globe squarely proliferates a robust outlook for manufacturers to sell their robotic lawn mowers through online channels/retail partners such as Amazon, e-bay, Alibaba, The Home Depot, etc.

Demand in the Europe-based consumer market has grown rapidly in recent years, and still shows a substantial growth opportunity, as the robotic lawn mower market in the region is far from saturation.

GPS and Bluetooth-enabled robotic lawn mowers and wireless mobile devices are potential investment options for manufacturers. Multiple voice interaction is also being provided in upcoming connected robotic lawn mowers.

“There is significant potential in the long-run as far as robotic lawn mowers are concerned for lawns in commercial areas, sports fields, hotels, and parks. Thus, companies in the market are positioning themselves to enter the professional/commercial market where requirements for technology and reliability are even higher

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Robotic Lawn Mower Market : Competitive Landscape

The global robotic lawn mower market is significantly consolidated, with a few players holding a prominent share of nearly 50% in the market space.

Some of the key players operating in the global robotic lawn mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, among others.

Moreover, to win over market imponderables and shakeouts, manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic reach to South East Asia & Pacific.

Find More Valuable Insights on Robotic Lawn Mower Market

FMI, in its new research report, offers an unbiased analysis of the global robotic lawn mower market, presenting forecast statistics for the period of 2021-2031.

The report reveals insights on the robotic lawn mower market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the robotic lawn mower market value chain.

Readers can also find key trends and market growth scenarios based on working area, end use, sales channel, and regions such as North America, LAMEA, South East Asia & Pacific, and Europe.

Robotic Lawn Mower Market Taxonomy

The global robotic lawn mower market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

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Working Area

• Small Area (up to 0.4 acre)
• Medium Area (0.4-0.8 acre)
• Large Area (above 0.8 acre)

End Use

• Residential
• Commercial

Sales Channel

• Offline
• Online

Region

• North America
• Latin America and the Middle East & Africa (LAMEA)
• Europe
• South East Asia & Pacific

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The demand for nanomaterials is expected to be worth US$ 11 billion globally in 2022 and is projected to increase at a CAGR of 15% to US$ 45 billion globally from 2022 to 2032. Global demand for nanomaterials is projected to rise as a result of the growing usage of nanoparticles in the healthcare sector and nanomaterials in water treatment applications.

The science of nanomaterials has created a lot of expectation amongst various end user industries. With the increasing applications of nanomaterials, the demand for it is increasing at an increasing rate and is becoming a part of daily lives. Nanomaterials are important product under the nanotechnology. They embrace nanoparticles, smaller than 100 nanometres in at least one dimension. Nanomaterials are widely used in healthcare, electronics, cosmetics and other areas nowadays. Continuous improvement and innovation in the field is driving the growth of the global nanomaterials market.

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The extraordinary physical and chemicals properties of materials at the nanometre scale enable novel applications ranging from energy conservation and structural strength enhancement to antimicrobial properties and self-cleaning surfaces.  The nanotechnology is being increasingly modernised by expending largely on R&D activities which is resulting in the advancement of existing technologies and innovations with reference to the new materials.

Energy storage and construction market is providing a huge growth potential to these materials and driving the overall market for nanomaterials. The increasing electronics market is also providing opportunities to the global nanomaterials market due to the falling prices and improving materials property and efficiency.

Nanomaterials Market: Region-wise Outlook

The global nanomaterials market is expected to register a favourable growth for the forecast period, 2022-2032. North America and Europe are the two prominent regions that are projected to endure the control on the global nanomaterials market. Decreasing prices due to the increasing mass production is responsible for the robust growth of the above mentioned markets. The demand for nanomaterials is also surging across Asian regions. The Asia-Pacific region is projected to witness remarkable growth rate owning to the greater demand of nanomaterials in the developing regions like India and China and their continuous research and developmental activities.

Nanomaterials: Key Players

There are a lot of players in the nanomaterials industry of which some of the key market participants in global nanomaterials market are BASF, EMFUTUR Technologies, Evonik Industries, Sigma-Aldrich Co. LLC, Bayer AG, SkySpring Nanomaterials, Altair Nanotechnologies Inc., and Nanomaterials Company and 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 categories such as market segments, geographies, types, technology and applications.

Nanomaterials Market: Segmentation

On the basis of material type, the global nanomaterials market is segmented as follows:

• Metal Oxide (Silica, Aluminium Oxide/Hydroxide, Titanium Dioxide, Zinc Oxide, Iron Oxide, Other Metal Oxides)
• Metals
• Chemicals and Polymers (Nanopharmaceuticals, Liposomes, Other Chemicals & Polymers)
• Nanotubes
• Others (Conventional Materials and New Materials)

On the basis of applications the global nanomaterials market is segmented as follows:

• Construction
• Packaging
• Consumer Goods
• Electrical and Electronics
• Energy
• Health Care
• Transportation
• 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.

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Market revenue for polypropylene random copolymers was US$ 8.3 billion in 2021, and between 2022 and 2032, it is anticipated to increase at a CAGR of 5.8%. The market is anticipated to be worth US$ 8.8 billion in 2022 and grow to US$ 15.46 billion by 2022.

Polypropylene random copolymers are produced by modifying the fundamental structure of polypropylene by incorporating another monomer molecule. Ethylene being the most common monomer used. The ethylene molecules, in the polymer chain, are introduced randomly between the propylene molecules. The incorporation of ethylene causes change in the physical properties of polypropylene. Random copolymer polypropylene usually contains about 1 to 7 weight percent of ethylene molecules and around 93 to 99 weight percent of propylene molecules.

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As compared to polypropylene homopolymers, random copolymers shows better optical properties like increased clarity and decreased haze, increased flexibility, improved impact resistance, and a lowered melting point resulting in a reduced heat-sealing temperature. However, exhibiting more or less the same chemical resistance, organoleptic properties like low taste and odor contribution, and water vapor barrier properties as polypropylene homopolymers. Random copolymers are generally produced in the same process configuration as the homo polymers.

Random copolymer polypropylenes finds use in blow molding, injection molding, and extrusion molding applications that require improved clarity and . They are used in medical packaging, food packaging, and consumer products.

Global Polypropylene Random Copolymers Market: Region-wise Outlook

The global market share of Western European polypropylene random copolymers market is estimated to witness a drop from around 13.9% to about 11.4% in the forecast period. The fall is primarily due to a moderate increase in demand only in the largest national markets such as Germany, France, and Italy. Eastern Europe is expected to grow sharply, especially in the Russian packaging sector. The USA is reporting a recent increase in demand for polypropylene random copolymers. India and China continue to witness a huge increase of demand, owing to which Asia-Pacific is anticipated to account more than half of the total global demand by 2025.

Global Polypropylene Random Copolymers Market: Drivers

The introduction of newer application areas, development of bio-based polypropylene and substitution of various other materials continuously offers high potential for growth for the global polypropylene random copolymers market.

Unconventional low feedstock prices are driving new capacity investment and thus rendering growth to the global polypropylene random copolymer market.

Global Polypropylene Random Copolymers Market: Key Players

Some of the major players identified in the global polypropylene random copolymer market are LyondellBasell Industries, Braskem, China Petroleum & Chemical Corporation (Sinopec), Total S.A., Entec Polymers, ExxonMobil, Sasol, Chevron Corporation, Royal Dutch Shell, ConocoPhillips, Borealis, Formosa Plastics Group, Reliance Industries, and SABIC etc.

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Global polypropylene random copolymers market is segmented on the basis of applications, end-use, and regions

The global polypropylene random copolymer market is segmented on the basis of application into

• blown film
• blow molding
• injection molding
• extrusion molding

On the basis of end-use, global polypropylene market is segmented into

• medical packaging
• food packaging
• consumer products, etc.

The global polypropylene random copolymer market is segmented on the basis of Region into

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• The Middle East and Africa (MEA)

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

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

Key Takeaways of Mining Lubricants Market Study

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

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

Key Companies Profiled:-

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

Mining Lubricants Market – Competition Landscape

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

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

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

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COVID-19 Impact on Mining Lubricants

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

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

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

Mining Lubricants Market by Category

By Product Type:

• Oils
• Grease

By Source:

• Synthetic Lubricants
• Bio-based Lubricants

By Application:

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

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Want to Know More?

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

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

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

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

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

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Key Takeaways from Global Propanol Market

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

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

East Asia Set to Become Self-sufficient in Propanol

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

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

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Looking for More Information?

A new market report on propanol published by Future Market Insights brings to the fore a pin-point analysis of the propanol market, and offers comprehensive information with historical demand data for 2014-2021 and forecast statistics for 2022-2029.

The study offers insightful information on the global propanol market based on various categories – type (n-propanol, isopropanol), application (solvents, chemical intermediates, pharmaceuticals, household & personal care products, and others), across seven regions.

This study highlights key market players who are well-known vendors and have proven themselves as key shareholders in the global propanol market. Some of the propanol market players included in the report are BASF SE, Royal Dutch Shell Plc, ExxonMobil Corporation, Sasol, LG Chem Ltd., and Eastman Chemical Company, among others.

Propanol Market By Category

By Types :

• N-Propanol
• Isopropanol

By Application :

• Solvent
• Chemical Intermediate
• Pharmaceutical
• Household and Personal Care Products
• Others

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

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

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

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

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

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

Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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