Pooja Panchal

  • Canada Concrete Floor Coatings Market : Constructions Industry to Raise Demand

    The Canada market for concrete floor coatings is characterized by a highly consolidated competitive landscape because of the strongholds of a handful of market players. There is a need to have skilled labor, effective techniques, and a robust industrial base to manufacture concrete floor coatings, and hence, only a countable number of players have risen to reckon in the market. In 2016, 70% of the total market share was held by the top five players in the Canada market for concrete floor coatings. These market players are PPG Industries Inc., RPM International Inc., The Sherwin Williams Company, BASF SE, and Sika AG, and each of them has a unique selling point that aids its growth. Furthermore, these market players have made continual efforts to make their production more agile and nimble, which has helped them in reducing the operating costs. Technological expertise and product innovation have been the crux of the business strategies of the aforementioned market players. Although other market players also coexist in the market, there is little scope of growth for them because a major market share is held by the top five players. There are strong barriers to the entry of new players into the market and their sustenance is even more difficult.

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    A report published by Transparency Market Research (TMR) forecasts the growth rate of the Canada concrete floor coatings market over the period between 2017 and 2025. The Canada market is expected to expand at a steady CAGR of 5.2% over the aforementioned forecast period. Furthermore, the market was valued at S$100.8 mn in 2016 and is expected to reach a stellar value of US$158.0 mn in 2025.

    Constructions Industry to Raise Market Demand

    The environmental regulations in Canada have played a pivotal role in elevating demand within the market for concrete floor coatings. The government has imposed restrictions on the use of paints and coatings with volatile organic compounds (VOCs) that can easily turn into vapor or gas. Constructions across residential, industrial, and commercial sectors in Canada have witnessed an unprecedented rise over the past decade. Since most of the constructions now involve the use of concrete floor coatings, the demand within the Canadian market for floor coatings is expected to keep rising over the coming years. Besides this, the government of Canada has introduced several plans and schemes for the development of the constructions industry in the region including New Building Canada Plan (NBCP) and Affordable Housing Initiative (AHI).

    Ontario to Emerge as Leading Regional Segment

    The market for concrete floor coatings is expected to register the highest growth rate in Ontario where a number of residential projects are in the pipeline. Furthermore, the disposable income of the population in Ontario is significantly higher than that of other regions in Canada. In 2016, Ontario accounted for a total market share of 30% in the regional mix which shows the splendid performance of the region in the market for concrete floor coatings. Other key regions that are expected to exhibit a robust growth rate over the coming years include British Columbia, Manitoba, Atlantic, and Alberta.

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  • Global Coating Resins Market: Increased Use in Roadways Marking to Contribute

    The global coating resins market is foreseen to witness a steady growth with a 5.27% CAGR within the forecast period from 2018 to 2026. In 2017, the market was around US$33.15 bn in terms of value, says the recent report published by Transparency Market Research.

    Increased Use in Roadways Marking to Contribute in Global Demand

    The coating resins utilization was the most astounding for structural coating market in the course of recent years attributable to growth in public and private industries. Rising demand regarding roadway markings is relied upon to fuel the demand in the global coating resins market in the upcoming years. Expanding number of roadway systems prompts stamping of appropriate safety signage uses, for example, lane changing and zebra crossing. Coating resins based roadway markings offer climate protection properties which additionally diminishes street maintenance costs.

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    Rising demand regarding vehicles is relied upon to altogether increase coatings resins market development for future. Car makers significantly utilize OEM coatings for the passenger autos, Heavy and light duty vehicles. Likewise, increasing accidents and number of vehicles ageing. Rising demand regarding appealing furniture and architectural framework is relied upon to characteristic coating resins development in the forthcoming years. This demand is attributable to developing need to safeguard wooden structures from moisture and bugs conditions.

    Fluctuating Price of Material to Obstruct Global Demand

    Rising demand of electronic and electrical wires, private and business applications is relied upon to fuel coatings resins market in the coming years. Fluctuating cost of crude material combined with exhausting petrochemical stores is required to hinder coating resins market. Rising demand regarding green coating resins based advancements is estimated to give key chances to industry players. Eco-friendly items are increasing more significance for coating resins producing. This market is significantly determined by tight EU guideline and industry members looking for green image of their individual organization. The organizations are creating water based alkyd innovations and are trading solvent based framework for coating resins fabricating.

    North America to Lead in Terms of Volume and Value

    On the basis of geography, the global coating resins market can be segmented as Europe, North America, the Middle East and Africa Asia Pacific, and Latin America. Asia Pacific in 2017, was the dominant region, as per the volume and value. Asia Pacific is additionally the key maker of paints and coatings items, which are made from coating resins. The coating resins market in the district is probably going to grow rapidly in the following couple of years because of the huge increment in utilization of paints and coatings. Besides, in the same year, Europe and North America were the other boosting factors of coating resins. The paints and coatings market in the mentioned regions are developed and well-established. The coatings resins market in the regions of Europe and North America is assessed to extend at a slow pace in the future inferable from the mature end-user enterprises. The two above mentioned regions are technologically upgraded ones. The whole paints and coatings value chain is moving in the direction of creating advanced products which are eco-friendly, feasible, and transmit low VOC. The coating resins market in the Middle East and Africa and Latin America is foreseen to grow at an impressive pace in the coming years.

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    The global coating resins market is majorly led by big companies. Emergence of several players, especially SMEs shows the market to be extremely competitive. The companies dominating the global market are Royal DSM N.V., BASF SE, Arkema S.A, DosswDuPont, Allenex Netherlands B.V., Lanxess, DIC Corporation, and Celanese Corporation.

  • Deepening Oil Reserves to Create Strong Demand for Electrical Submersible Pump Cables

    The presence of a large pool of equally-placed participants, such as Schlumberger, Weatherford, and Baker Hughes, determines the degree of competition in the global electrical submersible pump (ESP) cables market, finds Transparency Market Research in a recent study.

    At present, the market is fragmented and the degree of competition is likely to shift from medium to high over the next few years. To withstand this rivalry, leading participants are increasingly engaging in vertical integration; technological innovation and product differentiation although remains the key determinants of their competence.

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    Going forward, mergers, acquisitions, and strategic alliances are likely to emerge as the most preferred strategy among players looking to expand their reach and strengthen their presence across the world.

    Depleting Oil Reserves Compel Producers to Dig Deep, Drive Demand for ESP Cables

    Oil drilling and exploration companies are digging out oil wells in order to enhance oil production. The rapid depletion as well as maturation of oil reserves has compelled these producers to drill deep, increasing the depth of oil wells, which has resulted into deeper pump setting, driving the demand for ESP cables required to supply the electricity from the transformer to pump motor.

    Apart from this, the growing demand for ESP is also an important factor, driving the growth of this market, as it is directly proportional to the demand for ESP cables.

    Decline in Oil Price to Limit Deployment of ESP Cables

    “Although several factors point towards a thriving future for ESP cables, the recent decline in oil prices may limit their application due to a rapid decrease in offshore exploration and production expenditure over the years to come,” says an analyst at TMR. The limited employability of these cables in shale gas fields is also expected to hamper the market’s growth in the long run.

    ESP cable manufacturers, however, are projected to gain rewarding opportunities in the forthcoming years due to the increasing number of oil sands projects set to commence very soon across the world.

    Demand for ESP Cables to Remain High in Europe

    Europe has been leading the global market for ESP cables since its inception. In 2014, the region generated a revenue of US$1.9 bn, accounting for a share of nearly 60% in the global market. Analysts expect it to remain dominant over the forthcoming years. However, the Middle East and Africa is expected to present the most promising opportunities for these cables in the near future, registering the fastest CAGR of 8.70% between 2015 and 2023.

    In 2014, the onshore segment emerged as the key site for the application of ESP cables and is projected to remain leading in the years to come. Based on technology, EPDM (synthetic rubber) cables will continue to witness the strongest demand over the next few years.

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    On the whole, the worldwide ESP cables market is likely to present an opportunity worth US$4.5 bn by 2023, increasing from US$3.0 bn in 2014 at a CAGR of 4.70% between 2015 and 2023. During the same period, the production volume of ESP cables is likely to expand at a CAGR of 4.40%, globally.

  • hydraulic fluid connectors market future growth & best industry analysis till 2025

    North America hydraulic fluid connectors market is consolidated, as Eaton Corp. Plc. and Parker Hannifin Corp. held 63% share in 2015, states Transparency Market Research. The presence of other prominent players is also seen in the market that further increases the competition in the market.

    Leading players in the market are employing advanced technologies and integrating innovative techniques in their day-to-day working. These players are also engaged in mergers and acquisitions, collaboration, and partnership with an objective to strengthen their position in the market. apart from dominant players, the report analysis a few prominent players such as RYCO Hydraulics Pty. Ltd., B&E Manufacturing Co. Inc., Manuli Hydraulics, Aerocom Specialty Fittings Inc., and ALFAGOMMA S.P.A.

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    Considering the statistics provided in the TMR report, the North America hydraulic fluid connectors market is likely to exhibit a rise of 7.10% CAGR from 2016 to 2024. If the hydraulic fluid connectors market progresses at this rate, the market valuation might reach US$0.98 bn by the end of the forecast period in 2024. In 2015, the market earned US$0.53 bn.

    Based on the product type, the North America hydraulic fluid connectors market is bifurcated into stationary hydraulics and mobile hydraulics. Among these two products, the demand for mobile hydraulics is higher than stationary hydraulics. Increasing demand for novel and advanced aircrafts boosted the demand for mobile hydraulics.

    Moreover, expanding ground support vehicle fleets will also drive the demand for mobile hydraulics in the coming years. Country wise, the United States dominates this market due to the presence of strong aviation industry and increasing income. Moreover, the presence of leading aircraft manufacturers such as Lockheed Martin, Boeing, and Bell Aircraft Corp. in the regions further augmented the dominance of U.S.

    Rising Preference to Air Travel to Expand Growth of Hydraulic Fluid Connectors

    The demand for hydraulic fluid connectors is extensively seen in the aviation industry for essential water powered frameworks such as stream motor pumps, flight controls, landing gear component and others. These connectors to do pass through a quality check test order to be utilized as a part of aviation applications. Adding further, a significant rise in civil aviation in these regions has further augmented the demand in the North America hydraulic fluid connectors market.

    Rising business tourism, medical tourism, and similar other exchange programs are projected to provide a fillip in this market. In addition, growing preference to travel by aircraft is contributing to the growth of the America hydraulic fluid connectors market in North America. Another crucial factor is the increasing use of these connectors in military aviation. As the United States has the world’s most powerful air force, it can be concluded that this growth simultaneously fuels the growth in this market as well.

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    Strict Regulatory Policies to Deter Market Performance

    On the contrary, strict regulatory policies and regulations in this region might hamper the growth in this market. In addition, standardization by the aviation industry is also expected to restrain the growth in the North America hydraulic fluid connectors market. But there are high chances of growth, as leading companies in the market are implementing advanced technologies and are making efforts to meet with standards set in the aviation industry.

  • global powder metallurgy market valued at US$ 6,514.05 Mn registered in 2017

    Transparency Market Research (TMR) witnesses that the global powder metallurgy market has a consolidative vendor landscape owing to the dominance of few players. The key players operating in the global powder metallurgy market are GKN Hoeganaes, Sumitomo Electric Company Ltd, H.C. Starck, Sandvik AB, and Hitachi Chemical Company Ltd. Top three companies such as Sumitomo Electric Company Ltd, Fine Sinter Company Ltd, and GKN Hoeganaes collectively accounted for 35% in 2017. However, GKN Hoeganaes held around 17.1% share in the revenue

    According to TMR, the global powder metallurgy market valued at US$ 6,514.05 Mn registered in 2017. The market is expected to swell with a CAGR of 6.8% over the forecast period from 2016 to 2024.

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    Based on material, the non-ferrous powder segment is dominating the global market owing to high demand for iron powder. Based on the region, North America accounted for a prominent share of the global powder metallurgy market in 2017. The US is expected to offer lucrative opportunities to manufacturers due to growing demand from machinery manufacturing and motor vehicles.

    Growing Advancement in the Powder Metallurgy to Propel Growth

    Powder metallurgy is utilized to process fueled feedstock for assembling different sorts of parts in various ventures. Powder metallurgy is utilized for assembling channels which require more prominent quality and stun obstruction. Also, it has applications in the production of cutting devices and hardware, for example, gears, direction, shrubberies, and magnets. It is utilized crosswise over business machines, family unit applications, equipment, power through pressure, and hand devices. Developing progressions in the innovation in electronic and PC parts are probably going to impel interest for non-ferrous metal powders including titanium-based powder and aluminum development of the market for powder metallurgy over the conjecture time frame.

    Growing Adoption of 3d Printing to Boost Market

    Also, developing interest for the round metallic shapes for assembling metal infusion forming (MIM) or 3D-printing is boosting take-up of powder metallurgy and liable to move the development of the worldwide powder metallurgy market.

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    Lower requirement for vitality in the vitality utilization which is prompting support take-up of crude material and prone to fuel development of the worldwide powder metallurgy market. In any case, high capital prerequisite combined with unpredictability in assembling 3D shapes is limiting development of the worldwide powder metallurgy market.

  • Solid Masterbatches Market to Cross US$28.76 bn by 2022, says TMR

    Global Solid Masterbatches Market: Snapshot

    The ongoing industrial rise across the world is influencing the demand for a number of products, including masterbatches, which are utilized for coloring and improving other properties of polymers, such as flame retardation, antistatic, UV stabilizing, and anti-locking. Primarily, masterbatches are available in solid or liquid state as a mixture of pigments or additives, wherein, solid masterbatches are reporting a strong demand, globally.

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    The global market for solid masterbatches has witnessed substantial growth in the recent times. The significant rise in the packaging, medical and healthcare, and the automotive industries is reflecting greatly on the demand for solid masterbatches across the world. Additionally, the augmenting demand for plastics from the construction and the luxury goods packaging sectors likely to drive this market considerably over the next few years. Researchers anticipate the opportunity in this market to account for more than US$22 bn by the end of 2017. The market is expected to further augment at a CAGR of 5.20% between 2017 and 2022 and reach a value of US$28.76 bn by 2022.

    Engineering Plastics to Emerge Most Valued Product

    Solid masterbatches are available in a number of types across the world, including engineering plastics, mineral-filled, PET, polyolefin, polypropylene, and additives. Among these, engineering plastics is the most valued product and is anticipated to remain so over the next few years, with an estimated revenue contribution of US$8.09 bn by the end of 2022. Other products are also projected to register a steady rise in their demand in the years to come.

    The Packaging, automotive, aerospace, marine, cosmetics and pharmaceuticals, electronics and electrical, construction, and consumer products industries have surfaced as the key application areas for solid masterbatches. Of these, the demand for these masterbatches is much higher in the automotive and the packaging industries, which is likely to remain high due to the ongoing technological advancements in both the industries.

    Rising Demand for Bio-plastics to Maintain Strong Growth of Europe Solid Masterbatches Market

    The global market for solid masterbatches is spread across Europe, Asia Pacific (APEJ), North America, the Middle East and Africa (MEA), and Japan. Among these, Europe has surfaced as the leading regional market for solid masterbatches. The significant rise in the demand for contamination-free packaging for pharmaceutical products and bio-plastics is the key factors behind the tremendous growth of the Europe market for solid masterbatches. This regional market is projected to continue on the top over the period from 2017 to 2022, rising at a CAGR of 5.0% due to the augmenting demand for light weight vehicles and the considerable rise in plastic manufacturing.

    North America is also reporting a high rise in its market for solid masterbatches. By the end of 2017, the North America market for solid masterbatches is anticipated to reach US$4.9 bn. With a large pool of players, this regional market is expected witness steady growth over the forthcoming years. Amongst other regional markets, Asia Pacific is projected to offer lucrative growth opportunities in the near future on account of the soaring demand for plastic in the construction and the automotive industries.\

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    The global market for solid Masterbatches demonstrates a highly competitive structure. POLYONE Corp., Clariant AG, Ampacet Corp., A. Schulman, Techmer, BASF SE, Cabot Corp., FERRO-PLAST S.r.l., Marval industries Inc., RTP Co., Uniform Color Co., Americhem, and Standridge Color Corp. are some of the key companies in this market.

  • Global Potassium Iodide Market expand at a CGPR of 7.3 % 2016-2024

    Potassium Iodide Market: Snapshot

    Potassium iodide is a crystalline salt and finds application mainly in the pharmaceutical industry. Owing to the rapid expansion of the pharmaceutical industry, on the back of a rise in health and wellness awareness programs and increasing population, the demand for several iodine compounds to make different pharmaceutical formulations has grown, thereby propelling the potassium iodide market.

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    Emerging as one of the most commercially significant iodide compounds, the demand for potassium iodide also stems from the food and textile sectors. Growing health concerns and the rising demand for nutritional foods are factors promoting the use of potassium iodide. A diet that includes this iodine compound as a nutritional supplement is known to help prevent a slew of conditions such as hyperthyroidism, goiter, and cretinism. The US Food and Drug Administration (FDA) recommends the use of potassium iodide as a food additive for human consumption as well as a dietary supplement in animal feed.

    The global potassium iodide market was valued at US$607.9 mn in 2015 and is projected to reach US$1.14 bn by 2024, at a strong CAGR of 7.3 % therein.

    Potassium Iodide used in Pharmaceutical Sector owing to its Ability to Produce High-quality Images

    On the basis of end use, the global potassium iodide market has been segmented into pharmaceutical, x-ray contrast media, film photography, nutrition, and others such as the textile and chemical industries. Accounting for the dominant share in the market in 2015, the segment of x-ray contrast media has been driven by the continued use of potassium iodide in the food and beverages and pharmaceutical industries. Potassium iodide is used as an intravascular contrast medium for several imaging applications and techniques such as computed tomography (CT) and radiography. Iodine-based contrast media are used in radiology owing to their relatively harmless interaction with body tissues. Moreover, potassium iodide helps generate better-quality intravenous images for crystograms and pylograms.

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    However, research analysts predict that this segment will lose market share in the coming years. The overall pharmaceutical sector is anticipated to gain traction as an end user over the course of the forecast period with the rising use of potassium iodide to treat various thyroid-related problems. Although potassium iodide has been used for film photography in the past, this end-use segment will exhibit little to no growth by 2024 owing to the popularity of and preference for digital photography.

    APAC to Hold On to its Lead Spot in Global Potassium Iodide Market

    By way of geography, the global potassium iodide market has been divided into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Asia Pacific accounted for the dominant share in 2015 in terms of demand owing to the rapid growth of the food and beverages and pharmaceutical industries and a consistent rise in population in countries such as India and China. Europe is also a key market for potassium iodide, thanks to advancements in imaging technologies using x-rays and the expansion of the food and pharmaceutical sectors. Apart from this, recent progress made in industrial chemistry will support the potassium iodide market in Europe over the coming years.

    The growth of the North America market can be attributed to several preventive measures taken in response to nuclear radiation. The prevalence of iodine deficiency syndrome is a key factor driving the potassium iodide market in the Middle East and Africa, while the Latin America market is fueled by rising demand from the food, pharmaceutical, and health industries.

    Prominent vendors in the worldwide potassium iodide market include GODO SHIGEN Co., Ltd., Merck Millipore, Nippoh Chemicals Co., Ltd., Adani Pharmaceuticals, and Iofina Plc.

  • Surge in Road Networks Along With Infrastructure Development Project

    Global Road Marking Materials Market: Snapshot

    Road marking materials provide visible signs on streets, motorways, curbs, berms, driveways, parking areas, sidewalks, and airfields. They are typically classified into two types: performance-based and paint-based markings. Performance-based markings are further divided into the following categories: thermoplastics and cold plastics. Paint-based markings include solvent-based, water-based, epoxy, and polyurethane-based paints. Paint-based markings are estimated to be a key segment of the global road marking materials market during the forecast period.

    The growing demand for water-based paints is expected to propel the road marking materials market over the forecast period. Performance-based markings include thermoplastics and cold plastics. Thermoplastics are a major material used in road markings, specifically a powder paint that has to be heated up to 200? C and then sprayed onto road surfaces. Solvent-based paints are majorly produced from acrylic resin dissolved in organic solvents such as esters and ketones. They are inexpensive and exhibit better control of drying and improved adhesion to asphaltic and oily surfaces. Water-based paints are quite similar to solvent-based ones in terms of solvent evaporation causing drying.

    According to the report, the global road marking materials market was valued at US$3.50 bn in 2015 and is anticipated to reach US$5.66 bn by 2024, expanding at a CAGR of 5.5% between 2016 and 2024.

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    Vast Rise in Infrastructure Development Activities to Drive Demand

    The report segments the road marking materials market based on application into airport marking, road marking, factory marking, and car park marking. On basis of application type demand for road marking materials was significant in 2016, due to the growing awareness towards road safety and need of high degree of visibility during nighttime travels. Road marking includes double yellow line marking, white line marking, and single line marking, which comprises highways and motorways, private roads, bus and cycle lanes, and pedestrian crossings. The selection of road marking material depends on its durability, price, and method of application in the region.

    In terms of market share, the road marking application was followed by the factory marking and car park marking segments in 2015. Factory marking includes safety, aisle, and space marking in areas such as forklift working spaces, unsafe zones beside dangerous or heavy machinery, loading bays, safe designated walkways and stairs, workshop demarcations, internal floors in warehouses, distribution and logistics centers, and other factory environments. The development of retail and industrial sectors such as businesses such as supermarkets, city centers, and hotels and the increasing number of automobiles have fueled the demand for car parking.

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    Asia Pacific Market to Provide Promising Growth Opportunities

    In terms of geography, the market in Asia Pacific held the dominant market share in the global road marking materials market, followed by Europe and North America in 2015. Asia Pacific is anticipated to retain its dominance throughout the forecast period. This is due to the growing awareness towards road traffic safety in the region. The vast rise in up and coming road networks and infrastructure development projects in emerging economies such as China, and India in the region are expected to boost the demand for road marking materials during the forecast period.

    In developed economies across North America and Europe, stringent environmental norms are expected to restrict the demand for paint-based road marking materials in these regions during the forecast period. The market for road marking materials in these regions is expected to witness growth at a low pace owing to stagnancy and legislative norms working against paint-based materials.

    Some of the leading vendors operating in the global road marking materials market are The Sherwin-Williams Company, Geveko Markings, Aximum S.A., Kelly Bros Erinline, Swarco Limburger Lackfabrik GmbH, and Ozark Materials LLC.

  • Soaring Demand from End-Use Industries to Boost Thermochromic Materials Market

    Global Thermochromic Materials Market: Snapshot

    The global thermochromic materials market is prognosticated to be driven by the rising demand for innovation and development of products that utilize the color-changing abilities of substances due to changes in temperature. There are anticipated to be a plethora of functional and recreation applications of the property found in these materials. Liquid crystals (LC) and leuco dyes are the primary substances used in this industry. The thyemrochromic materials are increasingly used in the production of coatings, inks, polymers, and paper sheets, to manufacture products, which could offer convenience and amusement to consumers. A good example is a forehead strip thermometer that utilizes printed liquid crystals, which change color indicate body temperature during medical procedures such as surgery.

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    While having a number of applications, thermochromic substances are known to degrade in the presence of ultraviolet (UV) rays. They are priced higher than traditional ink owing to their complicated manufacture process. Nonetheless, due to rising demand from smart textile sector, such as color changing table cloths on contact with hot items, ski apparels and chairs indicating the position of last user, may aid in overcoming the minor challenges faced by the market.

    The worldwide thermochromic materials market is expected to exhibit a 9.3% CAGR between 2017 and 2025. The market, which stood at an estimate of US$0.998 bn in 2016, is prognosticated to achieve market value up to US$2.174 bn by the end of the forecast period.

    Smart Packaging and Textiles to Lead to Higher Market Demand

    On the basis of product type, the global tehrmochromic materials market is classified into reversible and irreversible materials. Of these, the segment of reversible thermochromic materials dominate the industry, accounting to about sixty percent of the market share. They are known to be used in baby diapers, textiles, bath toys, and battery gauges. Reversible thermochromic materials do not possess the ability to return to their original state, and hence are not preferred over reversible materials.

    Thermochromic substances are also witnessing rising use in security or camouflaging applications, and sensors for functional operations. They are printed on plastic films over conventional dyes due to their consistency and longevity. The advances in technological innovations have led to the introduction of energy management films, OLED devices and flexible electronics. The thermochromic materials find applications in these sectors as well and these factors are also responsible for proving an impetus to the market growth.

    North America Predicted to Be Leading Region On Account of Expanding Packaging Market

    North America is predicted to witness high demand for the thermochromic materials, which could be driven by the rising interest for use of pigments in printing. Thermochromic pigments usage in inks for screen printing and flexographic printing is foretold to be a primary factor for the market upswing in the region, along with applications in packaging. Europe is predicted to be a significant region in terms of market revenue owing to growing use of smart textiles and packaging materials. Germany and France are slated to be the fundamental contributors toward this growth.

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    However, in terms of growth rate, Asia Pacific is prognosticate to be the rapidest growing region for the thermochromic materials market. The advances in awareness of the applications of the materials in textiles, footwear, decoratives, and consumables is to be charged to be the factors behind the motivating the market, with Japan and China being the focal points of the driving forces.

    The leading players of the international market for thermochromic materials are New Color Chemical Co., QCR Solutions, OilKrom, Hali Industrial Co. Ltd., and LCR Hallcrest.

  • Competition to Rise in the Global Chemical Vapor Deposition Market from 2017 To 2025

    Chemical Vapor Deposition Market: Snapshot

    Chemical vapor deposition (CVD) is a widely used material processing technology. It is a process employed to produce high-performance and high-purity solid materials. The technique is appropriate for the manufacture of powders, coatings, monolithic components, and fibers. This technique is often utilized in thin film applications. CVD is used to obtain wear-resistant coatings, corrosion-resistant coatings, and heat-resistant coatings. It is also used for the production of high-purity powder and fabricating ceramic and metal matrix composite materials.

    Rising demand for microelectronics and semiconductor devices has driven the CVD market and the market is expected to grow in near future. As, the microelectronics industry segment is anticipated to emerge as a prominent and rapidly expanding industry segment of the global CVD equipment market. In the microelectronics industry, CVD equipment are used for wafer processing in the semiconductor industry, and for coating applications in the LED (light emitting diodes) manufacturing process.

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    CVD Equipment Rising in Commercial Prominence due to Increasing Market Players

    The chemical vapor deposition market has been segmented on the basis of category, application, and technology. Based on category, the market has been segmented into CVD equipment, CVD materials, and CVD services. CVD equipment accounted for a major segment of the CVD industry followed by CVD services, CVD materials. A number of CVD equipment manufacturers and distributors operate globally. Growth in end-use industries such as microelectronics and solar applications and coatings is estimated to drive the global market for CVD equipment.

    Based on application, the market has been segmented into coatings, electronics, catalysis, and others. The coating segment is further split into optical coatings, protective coatings, and decorative coatings. Coating segment holds a major market share and is expected to expand in near future. Electronics application is split into microelectronics and optoelectronics. Based on technology, the market has been split into atomic layer CVD, laser induced CVD, organometallic CVD, plasma enhanced CVD, plasma assisted CVD, low pressure CVD, and others. The low-pressure CVD segment accounted for more than 25% of the global CVD market in 2016. Its share is estimated to increase by the end of the forecast period. Low pressure (LP) is used to decrease any unwanted gas phase reactions, and also increase the uniformity across the substrate.

    Rising Industrialization in India and China Drives Demand in Asia Pacific

    Asia Pacific held the largest share of the global chemical vapor deposition market in 2016 and is likely to rise to a valuation of more than US$12 bn by 2025, exhibiting a steady 8.10% CAGR through the 2017-2025 forecast period. Growth of the CVD market in the region is primarily ascribed to the development of electronics and semiconductor industries, especially in China. Rising industrialization and increasing number of end-use industry players in emerging economies such as India and China offers several untapped opportunities. Asia Pacific accounted for more than 35% of the global chemical vapor deposition market in 2016. It is also projected to be the fastest growing market during the forecast period due to the presence of developing economies and expansion in electronics industries. Evolving countries in Asia Pacific are the key consumers and producers of chemical vapor deposition.

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    The market share of North America and Europe in the global chemical vapor deposition market is also estimated to increase during the forecast period. The chemical vapor deposition market is still developing in Latin America, the Middle East, and Africa. The manufacturing, pharmaceuticals, and renewable energy industries in developing economies in the Middle East and Africa have been expanding. The region is gradually shifting from an oil-based economy toward infrastructure, tourism, and renewable energy sectors, leading to rising demand from the chemical vapor deposition market.

    Key players in the Chemical Vapor Deposition market include ULVAC Inc., IHI Corporation, Singulus Technologies AG, Veeco Instruments Inc., Tokyo Electron Limited, Mustang Vacuum Systems, Dynavac, and Oxford Instruments.

  • Global Refrigeration Market to Remain Consolidated till 2025, Notes TMR

    Global Refrigeration Oil Market: Snapshot

    The future of the global refrigeration oil market is prosperous, with the demand estimated to increment at a CAGR of 5.8% during the forecast period of 2017 to 2025. Some of the key factors favoring the global refrigeration oil market are: increasing preference of low-GWP refrigerants, rebates offered by government and NGOs to promote energy-efficient product and services, technological advancement such as advent of HVAC&R systems in the healthcare sector, and expanding refrigeration application. The transportation sector and new product development by the leading vendors are also expected to open new opportunities in the global refrigeration oil market, which on the other hand is facing obstruction from compatibility issues and complexity of oil control function. The refrigeration oil market is projected to reach a global valuation of US$1.77 bn by the end of 2025.

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    Synthetic Oil Most Identified as Profitable Product Segment of Refrigeration Oil Market

    On the basis of product type, the global refrigeration oil market has been bifurcated into mineral oil and synthetic oil. The latter currently serves the maximum demand and is estimated to be worth US$1,314.5 mn by 2025. This potent demand for synthetic oil can be attributed to its compatibility with refrigerant used in the system. On the other hand, the mineral oil offers more benefits over the synthetic oil, which leads to its use as a thermal fluid in mechanical and industrial applications. Polyol ester, ploy alpha olefins, alkyl benzene, ploy alkylene glycols, polyvinyl ether and phenolpropoxylate oil are some of the other types of refrigeration oil. Based on refrigerant type, the global refrigeration oil market has been segmented into hydrocholoroflurocarbon (HCFC), chlorofluorocarbon (CFC), hydro fluorocarbon (HFC), and ammonia. By the end of 2025, hydro fluorocarbon segment is estimated to be worth US$476.1 mn, which is considerably more than any other segments. However, ammonia is anticipated to experience the best CAGR of 6.2% during the forecast period of 2017 to 2025.

    Application-wise, the global refrigeration oil market has been categorized into air conditioner, coolers, chillers, refrigerators, and condensers, with air conditioners contributing the most prominent chunk of the overall demand. By 2025, the air conditioners category of the global refrigeration oil market is estimated to be worth US$535.3 mn, expanding at a strong CAGR of 7.7% during the said forecast period. Based on end-use, residential and commercial sectors serve the maximum demand, with residential segment projected for an above-average growth rate.

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    Asia Pacific Emerges as Highly Lucrative Region

    The developed country of the U.S. continues to be the main consumer of refrigerant oils, owing to high demand for refrigerant based products such as air conditioners, residential and commercial refrigerators, and medical freezers. The North America refrigeration oil market is also driven by the increased demand for food storage equipment, growing urbanization, and growth in the consumer electronics market. With increasing usage of air conditioners and refrigerators, there will be augmentation in the demand for high performance and longer life of these systems. Since these oils add long life to the refrigerant systems, the market for the same will flourish consistently. On the other hand, the Asia Pacific region is the major shareholder of the global refrigeration oil market, accounting for more than 35% share of the overall market. This is a reflection of the presence of numerous refrigerants and refrigerant oil providers and end user sectors. The APAC refrigeration oil demand continues to be high due to emerging markets such as India and China, which are projected to grow significantly in the cold storage warehousing and frozen food sectors.

    Competitive Landscape to Remain Consolidated Among a Few Players

    The global refrigeration oil market is concentrated among five major players, viz. Idemitsu Kosan Co, Ltd., Royal Dutch Shell plc, BASF, Exxon Mobil Corporation, and MEIWA, who collectively accounted for 94.8% of the market in 2016. These companies have a strong product portfolio as well as presence in a number of countries, and are expected to maintain their dominance in the near future too.

  • Weathering Steel Market – Global Industry Analysis, Size, Share, Growth, Trends

    Weathering Steel Market: Introduction

    • Weathering steel refers to a high strength low alloy steel that, under normal atmospheric pressure, provides a greater resistance to rusting compared to typical low carbon steel grades. This steel typically has less than 0.3% carbon by weight, which allows it to remain tough and ductile.
    • Weathering steel finds wide application in utilities, sign pole, highway guardrails, structures, and bridges. It offers enhanced safety by eliminating the need for a protective paint system and a long life span and reduces overall lifecycle costs.

    Key Drivers & Restrains of Global Weathering Steel Market

    • Increase in demand for steel material for bridge construction is expected to drive the weathering steel market during the forecast period. Weathering steel offers long life span, improved corrosion resistant, and low maintenance features, which make it an ideal material for use in bridge construction application.
    • Surge in capital expenditure on infrastructure development due to strong economic growth and rise in population in both developing and developed countries are anticipated to propel the global weathering steel market. Weathering steel exhibits attractive appearance and has long shelf life, which will further boost market growth. However, use of weathering steel in areas where concentrations of corrosive chemicals or industrial fumes is high could impact its properties. This factor is expected to restrain the global weathering steel market during the forecast period.

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    Building & Construction Application Segment to Hold Major Share of Global Market

    • The global weathering steel market can be segmented based on type, form, application, and region
    • Based on application, the global weathering steel market can be divided into building & construction, architecture, industrial, transportation, and others.  Building & construction segment is anticipated to witness significant growth during the forecast period. The extraordinary appeal of weathering steel is driving its adoption in outdoor and architectural constructions.
    • In terms of type, the global weathering steel market can be divided into Corten A, Corten B, and others. Corten B is one of the most extensively used weather steel due to its high toughness and superior strength.
    • On the basis of form, the global weathering steel market can be classified into sheet, plates, bars, and others. Plates is one of the most extensively used form of weathering steel. They are suitable for sulfur rich and high temperature environment to enhance metal life. Weathering steel plates find wide application in heavy-duty transport, railway rolling stock, and shipping containers.

    North America Anticipated to Dominate Global Weathering Steel Market

    • In terms of region, the global weathering steel market can be divided into: Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
    • The weathering steel market in North America is projected to witness rapid growth during the forecast period. This growth of the market can be attributed to the rise in construction activities, which has resulted in high demand for attractive appearance of building. Moreover, weathering steel offers minimal maintenance requirement of infrastructure in various industries which will propel market growth.
    • The weathering steel market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to increase in investments in infrastructure development such as road & rail networks and bridges primarily in developed and developing economies such as Japan, South Korea, India, and China
    • The weathering steel market in Europe is projected to witness growth during the forecast period due to increase in investments in the development of electrical infrastructures. Weathering steel offers anti-corrosive properties, which will make its adoption viable across the region.
    •  The weathering steel market in Latin America and Middle East & Africa is projected to grow at a sluggish pace during the forecast period

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    Key Players Operating in Global Weathering Steel Market

    Leading companies operating in the global weathering steel market include:

    • United States Steel Corporation
    • Arcelor Mittal
    • Nippon Steel & Sumitomo Metal Corporation
    • Tata Steel
    • Masteel UK
    • A. Zahner Company
    • Metal Sales Manufacturing Corporation
    • Triton

    Global Weathering Steel Market: Research Scope

    Global Weathering Steel Market, by Type

    • Corten-A
    • Corten-B
    • Others

  • Fabric Filters Market to Expand at a CAGR 6.18% Due to Growing Industrialization Globally

    Transparency Market Research (TMR) investigates that the global fabric filters market has a competitive vendor landscape. Companies including Parker-Hannifen, Corporation, Cummins, Hamon Corporation, Affinia group, Pall Corporation, Siemens AG, and Nederman Corpo are some of the prominent players accounting for a leading share in the fabric filters market.

    According to TMR, the global fabric filters market is estimated to expand at a CAGR of 6.18% over the forecast period from 2017 to 2025 to attain a value of US$16.34 bn by 2025-end. The market stood at US$9.6 bn in the year 2016.

    Based on the type, the pulse jet segment dominated the overall market in 2016 by accounting for 55% share and is expected to remain dominant over the forecast period. Based on the application, the pharmaceutical segment dominated global fabric filters market and is likely to be the dominant segment by the end of forecast period. Based on the region, the Asia Pacific is predicted to be the prominent region in the coming years by swelling at a 6.89% CAGR over the forecast period from 2017 to 2025.

    Growing Environmental Concern to Boost Adoption of Fabric Filter and Benefit Market Growth

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    Fabric filters are of incredible preferred when high productivity of molecule is required. Fabric filter system isolates strong from gasses or fluids in which the fluid or gas goes through a permeable fabric medium that holds the solids. Fabric filtration process works in a bunch or with interims with occasional expulsion of stored solids. It comprises of at least one compartments that contain lines of fabric pack. Widening application is raising growth of the fabric filter market, as the need to expel mercury use is resulting to adoption and demand for the fabric filter systems. This is a key factor driving growth of the global fabric filters market.

    Additionally, the utilization of fabric filter systems is relies upon the few application factors including particulate material being gathered, fiery remains resistivity and fine particulate outflow prerequisites.

    Expanding awareness about the effect of air contamination, expanding concerns over safeguarding ecology coupled with developing industrialization, which is leading to increase Earth-wide temperature and boosting growth of the global fabric filters market. Additionally, inborn high gathering effectiveness of particulates and metals offered by the fabric filter is another central point that is relied upon to drive the demand for fabric filter system. This is also boosting growth of the global fabric filters market.

    Growing Exploration of Alternative to Restrain Growth of the Market

    However, the growing demand for substitutes including particulate control systems such as electrostatic precipitators might lead to hamper the growth of the fabric filter market. Additionally, expensive manufacturing increases the initial investment, which is posing as a challenge to the new entrants, and established players are facing the challenge during maintaining the profit ratios. This is a major challenge for key players.

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    Nonetheless, rapidly changing technology and higher adoption of advamced technologies is expected to boost sales of fabric filters in the coming years. Additionally, growing adoption of fabric filter from pharmaceutical industries is expected to offer lucrative opportunities for growth over the forecast period.

  • Demand for Superior Quality Products to Help Global Polyurea Coatings Market

    A latest report by transparency market research predicts that the global polyurea coatings market is expected to witness a substantial growth during the forecast period of 2018 to 2026. Growing popularity of polyurea coating in industries such as stell manufacturing and automobiles is one of the most compelling reason that is driving the growth of the market. While focus on bettering quality is expected to create growth prospects, the global polyuria coatings market will continue to rely on the sustained demand from the construction industry.

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    • The Market to Showcase 10.3% CAGR During the Forecast
      • The report states that the market is expected to exhibit 10.3% CAGR during the forecast. This growth of the market is the result of various opportunities that the market poses to the players.
      • During this forecast, the market is expected to generate a staggering US$ 1,826.5 mn.  As a result, companies need to take cues from the humongous growth potential, and laydown strategies that aim to reap most of the revenues.The historical analysis of the global polyurea coatings market shows that the market stood at US$ 683.0 mn during the end of 2017.

    These insights necessary advantages to the players in order to make better decisions.  Moreover, the insights provides a clear picture of the dynamics of global polyurea coatings market for the businesses across the globe.

    • High Cost of Polyurea Spray to Hamper the Growth of the Market
      • It is a fact that production of polyurea spray is expensive to manufacture. This high cost is expected to hamper the growth of global polyurea coatings market during the forecast period.
      • Also, the cost involved in the application of polyurea spray is also quite high, this is another factor that may act as another factor that can restrict the growth of global polyurea coatings market.
      • Furthermore, cost of spraying equipment is yet another factor that may restraint the growth of global polyurea coating market in the forecast.
    • Expanding End-Users Industry to Propel the Growth of the Market

    Polyurea coatings are highly efficient in order to protect structures from corrosion. Rising application of these coatings in building and construction is expected to influence the growth of global polyurea coatings market in the forecast period of 2018 to 2026. Moreover, growth of end-user industries is also one of the most crucial factors expected to propel the growth of global polyurea coatings market during the forecast period.

    Benefits such as zero volatile organic compounds (VOC) emissions and recyclability are some other factors that are expected to elevate the growth of global polyurea coatings market in the forecast period. Moreover, the demand for various eco-friendly coNoatings in various regions around the globe is also propelling the growth of global polyurea coatings market in 2018 to 2026.

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    • North America to Dominate the Other Regions of the Market

    North America is expected to show maximum potential for the players of global polyurea coatings market during the forecast period. The dominance of the region is majorly attributed to the growth of various building and construction businesses in countries such as U.S. and Canada.

    Moreover, the growth of the region is also the result of growth of oil and gas sector. Furthermore, the application of polyurea coatings in ship building and power generation in various countries is also anticipated to influence the growth of global polyurea coatings market during the forecast of 2018 to 2026.

  • Lactic Acid Market and Polylactic Acid Market : Lavish Demand for Downstream Application

    A growing number of players are capitalizing on the opportunities arising out of the substantial popularity of biodegradable plastics and bioplastics where lactic acid and polylactic acid are used as raw materials for their production. Some of the leading players in the global lactic acid market and polylactic acid market are Futerro SA, Teijin Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Synbra Technology BV, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co., Ltd., NatureWorks LLC, and Corbion NV., notes Transparency Market Research (TMR).

    The global lactic acid market stood at US$1,130.4 Mn in 2014 and is estimated to reach US$3,381.8 Mn by the end of 2023. This represents the market to rise at robust CAGR of 13.0% during 2015–2023. On the other hand, the global polylactic acid market stood at US$400.1 Mn in 2014 and is projected to reach a worth of US$1,358.1 Mn by 2023 end. Polylactic acid market is projected to proliferate at a CAGR of 14.6% during the same forecast period.

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    The various application of lactic acid are in the area of food and beverages, personal care, pharmaceutical, and biodegradable plastics. Of all the segments, biodegradable plastics led the global market in 2014 and is anticipated to rise at the most attractive growth rate over the assessment period. The various end-use segments for polylactic acid are packaging, textile, electronics, automotive, and biomedical. Of these, packaging witnesses the major quantum of demand and is expected to display the dominant growth rate over the forecast period.

    On geographical front, North America accounted for the dominant share of the global lactic acid market in 2014. The substantial growth of this regional market over the past few years is attributed to the extensive demand for bioplastics. On the other hand, the Asia Pacific polylactic acid market is expected to witness the leading growth rate in the coming years.

    Lavish Demand for Downstream Applications boosts Lactic Acid Market and Polylactic Acid Market

    The extensive application of lactic acid in the food and beverages and pharmaceutical industries world over is a key factor driving its demand. The rising application of lactic acid as a key carboxylic acid increasingly used in the manufacture of biodegradable is accentuating the global lactic acid market. The rapid advances being made in downstream application of lactic acid notably in making bio-based plastics is boosting the market. The substantial usage of lactic acid in making biodegradable polymers is imparting a robust and sustained fillip to the growth of the market.

    The demand for lactic acid is witnessing considerable impetus from the rising popularity of bioplastics world over. This is on account of the mounting concerns of devastating effects of plastics pollution all over the globe.  Moreover, the extensive usage of lactic acid in making a variety of personal care products is propelling the growth of the lactic acid market.

    Attractive Demand for Biodegradable Polymers in Food Packaging Applications bolsters Polylactic Acid Uptake

    The polylactic acid market is driven majorly by the extensive application of this biodegradable polymer in the packaging of food and beverages, apart from its potential usage for making textiles. The copious demand for the acid in the textile manufacturing industry is fueling the growth of this market.

    The attractive demand for polylactic acid as a potential substitute for fossil fuel-based plastics has opened many a lucrative avenues over the past few years. Furthermore, the substantial usage of polylactic acid in the electronics, consumer goods, and biomedical industries is adding sizeable revenues to the global polylactic acid market.

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    The study presented here is based on a report by Transparency Market Research (TMR) titled “Lactic Acid Market and Polylactic Acid Market (Lactic Acid End Use – Food and Beverage, Personal Care, Pharmaceutical, Biodegradable Plastics, and Detergents); Polylactic Acid End Use – Packaging, Textile, Electronics, Automotive, Biomedical, and Printing) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023”.

  • Protective Coatings Market Building and Construction Sector Grabs Handsome

    The fact that there is an existence of a significant number of enterprises, the protective coatings market is fragmented. According to Transparency Market Research, the report on protective coatings market will help to design unique development strategies and classify new growth prospects. This is done by offering a complete study of the market’s competitive landscape and providing data on the products delivered by various major players.

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    The major companies in the protective coatings market are Axalta Coating Systems, Wacker Chemie AG, The Sherwin-Williams Co., AkzoNobel NV, Arkema SA, and PPG Industries. These companies have adopted new product developments and capacity expansions as main approach for making their positions stronger in the market. The growth example for protective coating is that in December 2016, a multinational company that creates performance and paints coatings, AkzoNobel finalizes the takeover of an industrial coating business, BASF.

    As stated by the TMR analyst, the protective coatings market was valued at US$12,463.7 mn in 2016. In addition, it is expected to exhibit a steady CAGR of 5.10% and valuation is probable to reach US$19,374.50 mn by 2025. On the basis of end-user, the protective coating market is segmented into the building and construction, oil and gas, aerospace, automotive, industrial, and marine. Among these, building and construction category is leading the market in terms of volume from the past few years.Asia-Pacific is estimated to hold maximum revenue share of the market in the forthcoming years, along with China leading the protective coating market. There is essential factor due to which the Chinese market is dominating the market. For example, it includes development of oil refinery plants from the global oil manufacturers, like CNCP and SINOPEC.

    Building and Construction Sector will drive the Protective Coatings Market 

    To protect any surface from corrosion the best method is applying coating system with the help of traditional air spray or airless spray. Also, on the basis of environmental conditions the installation of surface coating is done. The protective coating is a cohesive film with properties that can protect the surface from corrosion. The film is thick, resistant to dampness and other conceivably harming or destructive materials. Application process have a substantial part throughout everyday life and nature of the protective covering.

    The protective coatings market will essentially pick up from the quickening investments in building and construction activities around the world. Besides, expansion of government-upheld welfare housing plans will expand development prospects for the market. Given the overarching situation at the worldwide development part, the interest for reconstructing, remodel, and renovating of old structures is on an ascent. This thusly has filled the interest for protective coatings around the world.

    Besides, the market will fundamentally profit by elements, for example, brought down loan fees in the lodging part, which has opened entryways for the convergence of interest in the structure and development segments. Encouraged by the previously mentioned components, the worldwide protective coatings market has set sail on a development direction.

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    Demand of Diverse Industries Could Benefit the Protective Coatings Market 

    Other than the structuring development area, the market is seeing intense interest for oil and gas, aerospace, power generation, marine, mining, car, and different ventures. This is foreseeing a promising future on the card of protective coatings market. Furthermore, the rising interest in solutions of high-proficiency covering from the previously mentioned businesses will make worthwhile development prospects for the market in the coming years. Protective coatings are generally connected to upgrade protection from corrosion and wear and tear, particularly in high working temperature. This makes protective coatings essential for differed modern industrial applications.

    Nonetheless, on the drawback, the market may confront inconveniences because of stringent controller structures, checking VOC discharges. Likewise, the increasing expense of crude materials will make obstructions for the worldwide protective coatings market. However, the persistently rising interest from differing enterprises will empower the worldwide protective coatings market show a consistent development sooner rather than later.

  • global ion exchange membrane market Rising Awareness about Wastewater Treatment

    The global ion exchange membrane market is highly fragmented and competitive with numerous players trying to expand their revenue share globally, reports Transparency Market Research (TMR). Prominent players in the market comprise The Dow Chemical Company, LANXESS, 3M, SUEZ, Toray Industries Inc., Merck KGaA, and Pure Water Scandinavia AB. These companies have adopted the key strategy of mergers and acquisitions to expand their share in the global ion exchange membrane market. For instance, SUEZ acquired GE Water & Process Technologies in 2017 and also created ‘Water Technologies & Solutions’ business to prow its revenue share.

    The ion exchange membrane market has encountered remarkable technological innovations on account of the growing demand. Many prominent market players are emphasizing on diversifying their product increasing their applications. Additionally, optimisation of the manufacturing methods has resulted in development of ion exchange membranes with better chemical stability. Moreover, several companies are working on developing cost-effective and environment friendly ion exchange membranes to expand their share in the global ion exchange market. For instance, Ionomr Innovations have developed a new ion exchange membrane called Aemion that addresses the environmental concerns along with the limitations of sustainability and cost.

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    https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49302The global ion exchange membrane market is anticipated to grow at a CAGR of 3.5% from 2017 to 2026. In terms of applications, the wastewater treatment sector is expected to dominate the market on account of increased usage of ion exchange membranes in water treatments and purification. On the basis of charge, the anion exchange membrane segment holds a prominent share of 37.1% in the ion exchange membrane market on account of its increasing industry applications and demand. Regionally, Asia Pacific accounts for 40% of share of the global ion exchange market owing to tremendous progress in the industrial sector.

    Rising Awareness about Wastewater Treatment to Usher the Market’s Growth

    An increasing awareness about wastewater treatment across the globe has played a significant role in propelling the growth of global ion exchange membrane market. Numerous companies are engaged in manufacture of ion exchange resins for wastewater treatment, therepropelling the market’s growth. In addition to this, the stringent environmental control policies laid down the government has played a major role in driving the growth of global ion exchange membrane market.

    Rising health concerns have led to a surge in demand for clean drinking water. This has favourably impacted the global ion exchange market, thus expediting the market’s growth. Further, increasing applications of ion exchange membranes in the electrodialysis process has stimulated the growth ion exchange membrane market. Additionally, propelling pharmaceutical and healthcare industries have contributed to the growth of ion exchange membrane market.

    Propelling Demand for Heterogeneous Membranes to Create New Opportunities

    Heterogeneous ion exchange membranes are characterized permselectivity, chemical stability, and conductivity. Moreover, they offer excellent cost efficiency. As a result, increasing adoption of heterogeneous ion exchange membranes presents significant growth opportunities for the global ion exchange market. Expansion of food and beverages industry across the globe has created several growth opportunities for the market. Latin America is expected to grow exponentially during the forecast period owing to the prevalence of emerging food and beverages industry. Additionally, technological advancements and rising population have created great prospects for the growth of global ion exchange membrane market.

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    The study presented here is based on a report Transparency Market Research (TMR) titled “on Exchange Membrane Market (Charge – Cation Exchange Membrane, Anion Exchange Membrane, Amphoteric Ion Exchange Membrane, Bipolar Ion Exchange Membrane, Mosaic Ion Exchange Membrane; Material – Hydrocarbon Membrane, Perfluorocarbon Membrane, Inorganic Membrane, Composite Membrane, Partially Halogenated Membrane; Structure – Homogenous Membrane, Heterogenous Membrane; Application: Electrodialysis, Electrolysis, Chromatographic Separation, Desalination, Wastewater Treatment, Radioactive Liquid Waste Treatment) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026.”

  • global wollastonite powder market Wide customer base in developing regions

    The global wollastonite powder market was valued at US$ 180 Mn in 2017 and is anticipated to expand at a CAGR of more than 8.1% from 2018 to 2026, according to a new report published Transparency Market Research (TMR) titled ‘Wollastonite Powder – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The market is driven rise in the demand from the building & construction industry, as wollastonite powder is popularly used in floor and wall tiles. In terms of volume, the wollastonite powder market in Asia Pacific is expected to expand at a CAGR of more than 9.3% during the forecast period. Implementation of wollastonite powder as a replacement for asbestos is likely to propel the market in the region during the forecast period.

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    Ceramics segment to dominate wollastonite powder market

    In terms of application, the wollastonite powder market can be classified into ceramics, polymers, paints, metallurgy, friction products, construction, and others. The ceramics segment is anticipated to constitute a major share of the market during the forecast period, as wollastonite powder significantly slows down the process of shrinkage and gas evolution during firing. It also reduces crazing, cracking, and glass defects. Wollastonite powder is used in paints to offer resistance to harsh climatic conditions and reduce pigmentation and gloss. The powder is employed in plastics to reduce resin consumption and improve tensile and flexural strength. China, India, and Japan are expected to witness increase in the use of wollastonite powder in the near future, due to the rising demand from the construction industry in these countries.

    Wide customer base in developing regions such as Asia Pacific to present opportunities

    In terms of region, the global wollastonite powder market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe hold a considerable share of the global wollastonite powder market, due to presence of well-established players in these regions. The market in Asia Pacific is estimated to expand at a rapid pace during the forecast period, due to significant increase in construction and building activities in developing economies such as China and India. The market in Middle East & Africa and Latin America is expected to expand at a sluggish pace during the forecast period.

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    Key players operating in the global wollastonite powder market are Nordkalk, Wolkem, Imerys, ACBM JSC, R.T. Vanderbilt Holding Company, Inc., Canadian Wollastonite, Xinyu South Wollastonite Co., Ltd, Changxing Earth New Type Of Material Co., Ltd., and Jilin Shanwei Wollastonite Mining CO., LTD. Companies are investing significantly in raising their capacity of production of wollastonite powder and expanding their manufacturing facilities. In 2015, Imerys acquired S&B Group’s business of wollastonite, perlite, bentonite, and continuous casting fluxes.

  • Glycolic Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast

    A recent study Transparency Market Research (TMR) forecasts that the global glycolic acid market will grow at a CAGR of 11.8% between the years 2012 to 2018. TMR, a market intelligence firm based in the United States, in its report says that the glycolic acid market which was valued at US$93.30 million in 2011 will report a market value worth US$203.34 million 2018. The report is titled ‘Glycolic Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018’.

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    The global glycolic acid market is basically driven the market for personal care products. Glycolic acid is used extensively in personal care products like moisturizers, face peels, creams, lotions, and others. Glycolic acid is basically a crystalline, odorless, and a colorless solid and is far the smallest Alpha Hydroxy Acid (AHA). It is naturally found in vegetables and fruits like unripe grapes, sugarcane, sugar beets, pineapple, and others. On a commercial scale, glycolic acid is synthesized artificially via several chemical reactions. Due to its moisturizing and exfoliating properties, glycolic acid is mostly used in the manufacturing of hair shampoos, face creams and lotion, and other similar products.

    The global glycolic acid market is segmented on the basis of applications, and geography. Based on applications, the glycolic acid market is categorized into industrial, personal care, household cleaning, and others. In terms of application, highest share in the global glycolic market is held the personal care segment. Also, in 2011, the contribution of this application segment in the overall glycolic acid market had exceeded 55%. The rising demand for anti-ageing products is a major factor driving this market since, glycolic acid helps in reducing marks, facial scars, and age related fine lines. Also, the growth of the global glycolic acid market can also be attributed to greater awareness with regard to greater use of polyglycolic acid in PET bottles, and absorbable medical sutures.

    Geographically, the global glycolic acid market is segmented into Europe, North America, the Asia Pacific, and Rest of the World. Owing to the presence and the proliferation of a large number of haircare and skincare markets, the global glycolic acid market is essentially led Europe, and North America. It is expected that countries like Poland and Russia will witness robust growth in the global glycolic acid market. The Asia Pacific is also expected to be a rapidly growing market in the global glycolic acid market due to increasing demand for personal care products. The Asia Pacific glycolic acid market is driven countries like Japan and China that are witnessing rising demand for anti-ageing products because of a growing geriatric population base. Rising demand for anti-ageing products from the young population all across the globe is expected to fuel the global market for glycolic acid. The main challenges facing the glycolic acid market are inhibitions with respect to the ill effects of concentrated glycolic acid, and the development of substitute products like salicylic acid.

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    Some of the prominent players operating in the global glycolic acid market are Sigma-Aldrich, Phibro Animal Health Corporation, Parchem, DuPont, CrossChem LP, and Chemsolv, Inc.

  • smart mining solutions market Need for Optimization and Automation Drives the Growth

    A recent report Transparency Market Research on global smart mining solutions market states that the market shall witness a substantial growth in the duration of 2019 to 2027. The report states that growth in the technological developments in the mining sector is the major reason that boosts the growth of the global smart mining solutions market. Additionally, growing concerns towards the security of the miners, several mine owners are implementing smart mining solutions, this is yet again another reason for the growth of global smart mining solutions market from 2019 to 2027, says the report.

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    The Market to Witness US$ 22 Bn with 11.5% CAGR

    Based on the extensive use of the smart mining solutions across the globe, the smart miming solution market shall witness a substantial 11.5% CAGR from 2019 to 2027. This is because of the awareness of the advantages and benefits that these solutions offer to the miners. These solutions are equipped with latest technologies like IoT, Artificial Intelligence and various other proximity solutions. As a result, mine owners can have real-time information about their assets including human resources. These benefits are major reasons that are responsible for the growth of global smart mining solutions market from 2019 to 2027.

    The experts at Transparency Market Research predicts that the market shall reach to the value of US$ 22 bn the end of 2027. They also state the market stood at US$ 8.3 bn during 2018 implying the players have a huge potential in the projected tenure.

    Need for Optimization and Automation Drives the Growth

    In the era of Industry 4.0, every business process is getting equipped with technologies like IoT and automation. These technologies reduces human intervention resulting in better outcomes. Mining industry is also adopting the same trend and is progressively adopting these technologies. Moreover, these technologies can easily optimize the process of mining increasing the profit margin for the businesses. As a result of these advantages and growing need of optimization and automation, the global smart mining solution is growing rapidly from 2019 to 2027.

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    Asia Pacific Continues to Dominate

    Growing industrialization in countries like India and China has resulted in the number of mines these countries. Consequently, the technological companies are designing and developing smart mining solutions keeping the landscape and topography of the mine in mind. Based on these developments, the Asia Pacific dominates the geographical segment of the global smart mining solution market during the tenure of 2019 to 2027. Moreover, growing demand and availability of the minerals in these countries is also a crucial factor responsible for dominance of Asia Pacific in global smart miming solution market from 2019 to 2027.