Priyanka Thakare

  • Oil & Gas Subsea Umbilicals, Risers, And Flowlines (surf) Market

    Oil & Gas Subsea Umbilicals, Risers, and Flowlines: Market Overview

    Offshore oil extraction activities have been increasing since the last few years. The major oil companies and its contractors have been banking on the low crude oil prices. Strategic oil storage is one of the major reasons to undertake offshore oil and gas projects despite the fluctuation in crude oil prices.

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    The reserves from onshore fields and shallow water wells are in almost depletion state. Hence, exploration and production companies are focusing on deeper water prospects. New platforms are being unceasingly installed in different parts of the world and operate in deeper waters (300m to 3,050 m). The safe and efficient interconnection from the topside of the platform /vessels to well heads and pumps on the seafloor is necessary to transfer products, power, and data. Hydraulic and other fluids are also transferred from one platform to another in same or different reservoir blocks to guarantee reliable oil extraction operations.

    Oil & Gas Subsea Umbilicals, Risers, and Flowlines Market: Dynamics and Trends

    Electric power is locally generated and distributed to various appliances, platforms, and onshore sites in order to lower the overall operational costs of oil and gas exploration and production projects. Broadband communication systems play an important role in modern communication and process control systems. Subsea risers, umbilicals, and flowlines form a vital link between multiple centers of operation within the field of exploration and production. These SURF can withstand high mechanical and chemical stresses, and high operating temperatures and pressures. They ensure continuous and reliable supply of services in harsh environments below the sea.

    Subsea umbilicals are designed to suit static and dynamic applications in water depths of up to 2,500 meters. They are composed of a combination of hydraulic lines (thermoplastic hoses or steel alloy tubes), low-voltage electrical control cables, medium-voltage power transmission cores, and optical signal components.

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    Subsea line pipes (flowlines) can withstand extreme environments, and offer high tubing performance, enhanced weldability, and high resistance to corrosion. Thermoplastic composite pipes (TCP) or flexible pipes, risers, and spools commonly cope with challenging conditions such as extreme water depth, sour service, and high pressures. TCP-made jumpers, risers, flowlines, and spools have the capability to reduce the cost of transportation and installation of seam/seamless rigid metal pipes by more than half. TCP also has low weight, excellent fatigue performance, and sour service capability.

    Oil & Gas Subsea Umbilicals, Risers, and Flowlines Market Segmentation

    In terms of water depth, the oil & gas subsea umbilicals, risers, and flowlines market can be segmented into shallow, deep, and ultra-deep. Based on subsea connection, the market can be divided into manifold, subsea tee, pipe, pumps, and others. In terms of topside connection, the market can be segregated into jacket leg (fixed platform), FPSO, TLP, spar platform, onshore platform, and others. Based on region, the global oil & gas subsea umbilicals, risers, and flowlines market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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    Oil & Gas Subsea Umbilicals, Risers, and Flowlines Market: Key Players

    Key players operating in the global oil & gas subsea umbilicals, risers, and flowlines market include Airborne Oil and Gas, VALLOUREC, Schlumberger, Prysmian Group, and Baker & Hughes.


  • Digital Oilfield Market – Value Chain Analysis and Forecast up to 2026

    Digital oilfield means the automation of upstream, midstream, and downstream oilfield activities. It is a part of the energy industry that has incorporated advanced software and data analysis techniques into its operations in order to provide better outputs and improve the profitability of the production process. Digital oilfield offers advantages such as improved safety, optimized production rate of hydrocarbons, environmental protection, and ease in finding reserves and exploiting them to the fullest. In business terms, digitization of oilfields is the deployment of resources (man and machine) to bring cost-effective and efficient results.

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     Global digital Oilfield Market: Overview

    Digital oilfield includes use of advanced software and data analysis techniques to improve the profitability of oil & gas production operations. Application of digital oilfield includes improvement of operational efficiency, production optimization, decision support, data integration, and workflow automation. Components of digital oilfield such as Big Data and cloud are in high demand in the oil & gas industry. Big data can help companies develop the digital oilfield. Integrated operations connect operational technology (OT) with information technology (IT) to improve decision making as well as increase operational and business performance. The oil & gas industry can reach a new level of business improvement by adding empirical analytics to existing physics-based analytics. Moreover, oil & gas companies are facing significant pressure on both their CAPEX and OPEX spending. They are also aware of the advantages of cloud. Investment in Big Data and analytics is expected to increase in the oil & gas industry over the next few years. Thus, high adoption of digital oilfield services by companies in the oil & gas industry is expected to drive the digital oilfield market during the forecast period.

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     Global Digital Oilfield Market: Market Trends and Development

    Digital oilfield encompasses a wide range of innovations such as fleet management and predictive maintenance. These advancements are largely a result of enabling technologies such as low-cost sensors, Big Data analytics, and cloud computing. Digital oilfield technologies have been under development for well over a decade. Early adopters of these technologies are already reaping their benefits. The technologies offer advantages such as improvements in efficiency and feasibility of oil & gas operations, health and safety benefits, and increased compliance with environmental regulations. Development are considered in digital oilfield are increasing awareness, identifying champions, encourage collaboration, expand the conversation etc.

    Global Digital Oilfield Market: Regional Outlook

    In terms of region, the digital oilfield market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Europe is expected to be a prominent region of the digital oilfield market during the forecast period. The region has several mature fields in the North Sea that demand increased use of technological prowess to produce oil. This is expected to boost demand for digital oilfield market such as well intervention and enhanced oil recovery (EOR) techniques. Countries with high research and development activities in the digital oilfield market include China, the U.S., the U.K., Russia, Japan, Australia, France, Canada, and Germany. China and India are anticipated to account for a significant proportion of the global energy demand in the coming years.

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    Global Digital Oilfield market: Key Players

    Some prominent players operating in the global digital oilfield market are Schlumberger, Halliburton, Baker Hughes, Sinopec Oilfield Service, Honeywell International, Siemens, National Oil well Varco, ABB, Kongsberg Gruppen, Cisco Systems, Emerson Electric, General Electric, Weatherford International, Rockwell Automation, Pason Systems, International Business Machines (IBM), Accenture, Wipro, and Dell EMC among others.


  • Pharmaceutical Glass Packaging Market | Trends, Outlook and Opportunity Analysis 2026

    Glass is composed of sand, soda ash cullet, and limestone. The composition of these ingredients varies based on the application of the glass. Glass is very versatile and attractive. It can be molded into many shapes, sizes, and colors. Glass is suitable for sterilization and has excellent barrier properties and can be colored to improve light sensitive. Glass packaging preserves the product’s properties such as taste and flavor and protects its contents. Glass is the only material which is widely used as generally recognized as safe (GRAS) by the U.S. Food & Drug Administration.

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    In the pharmaceutical industry, glass containers for drugs are available in clean flint or amber color. Borosilicate glasses vitals & ampoules are used for sensitive pharmaceuticals such as blood products and parenteral drugs.

    Increase in rate of consumption of generic drugs and rise in access to health care are driving the pharmaceutical glass packaging market. However, glass packaging problems, such as breakage, delamination, and particulate contamination, is increasing the competition of plastic. This, in turn, is likely to restrain the market.

    Pharmaceutical Glass Packaging Market: Segmentation

    Based on product type, the pharmaceutical glass packaging market can be segmented into vials, cartridges & syringes, bottles, and ampoules. The vials segment can be further sub-segmented into small (<30 ml) and large (>30 ml) in terms of volume. Vials are mostly employed for collecting biological samples in the pharmaceutical industry. The vials segment is anticipated to expand at rapid pace during forecast period. The bottles segment can be sub-divided into small (<1000ml) and large (>1000). In terms of revenue, the bottles segment accounted for a major share of the market in 2017. In 2016, Gerresheimer AG introduced Gx RTF vials using its patented Ompi EZ-Fill packaging technology. In terms of drug type, the pharmaceutical glass packaging market can be divided into branded, generic, and biologic.

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    Pharmaceutical Glass Packaging Market: Region

    Based on region, the global pharmaceutical glass packaging market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, North America accounted for a major share of the pharmaceutical glass packaging market in 2017. This trend is anticipated to continue during the forecast period. The U.S. is the largest pharmaceutical market in the world. This is anticipated to create lucrative opportunities for companies operating in the pharmaceutical glass packaging market in the country. Europe is estimated to account for large share of the pharmaceutical glass packaging market between 2018 and 2026. In terms of sales, the pharmaceutical glass packaging market in Europe accounted for more than 20% share of the global pharmaceutical market in 2017 which signifies the need for pharmaceutical packaging. Government schemes such as PRIME which supplies Priority Medicine by increasing the support for medicines is expected to be beneficial for the pharmaceutical industry. Asia Pacific is projected to be a promising pharmaceutical glass packaging market during forecast period. Expansion of the medical & pharmaceutical industry in countries such as China, India, Japan, and South Korea due to increasing population and rise in health care infrastructure is projected to boost the pharmaceutical glass packaging market. Surge in disposable income primarily in the middle-class population is resulting in the growth of manufacturing sector thus aiding the pharmaceutical glass packaging market in Asia Pacific during the forecast period. The pharmaceutical glass packaging market in Latin America and Middle East & Africa is likely to expand at a sluggish pace during the forecast period.

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    Pharmaceutical Glass Packaging Market: Key Players

    Large number of companies operate in the global pharmaceutical glass packaging market. Numerous regional and local traders, distributors, and importers supply pharmaceutical glass packaging to end-users. Key players operating in the global pharmaceutical glass packaging market include Corning Inc., SCHOTT AG, GERRESHEIMERE, Stevanato Group S.p.A., West Pharmaceutical Services, Inc., and Stölzle-Oberglas GmbH.


  • Nanosilica Market Size will Observe Lucrative Surge by the End 2025

    Global Nanosilica Market: Overview 

    The global nanosilica market has been witnessing tremendous growth in revenue generation and innovation. The smallest form of silica is nanosilica which is produced from nanotechnology. Many industries have seen a significant rise in demand for nanotechnology in the past few years. Due to the unique properties of nanosilica such as high particle concentration and equal size distribution, it is used in various industries which include concrete, rubber, electronics, plastics, and coatings. Even at the time of global recession, the global nanosilica market was not affected and grew at a significant rate due to its high application demand across many industries.

    According to product type, the global nanosilica market is segmented into P type, S type, and other segments. P type segment is expected to lead the market during the forecast period as the demand for nanosilica in construction industry is increasing. Also, the S type holds a significant market share owing to the increasing demand from end-use industries. The construction industry covers significant market share as per end-use industries.  According to form, the nanosilica market is divided into spherical and porous globally.

    The report published by TMR analyses the global nanosilica market. It also provides a detailed research on the major regions, segments, and market trends. The overall market structure, factors affecting the market, and estimations in the forecast period are some of the essential highlights in this report. It also discusses about the applications of nanosilica. With the support of well-known marketing tools like stakeholder analysis and value chain analysis, the report offers a complete 360-degree detailed overview on the current and upcoming status of global nanosilica market.

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    Global Nanosilica Market: Trends and Restraints

    The global nanosilica market is expected to grow with the increasing concerns for renewable sources and environment, heavy demand across all industries, and abundant availability. Advancements in technology in the production process is one of the most identified key trends responsible for the growth of global nanosilica market. In the construction industry, there is a growing utilization of nanosilica due to the strength-initializing factor in cemented mixtures. Due to the environmental hazards, destruction of aquatic creatures caused by sand mining, and depletion of land, a new technique of silica produced from rice husk ash is being implemented. Rice husk ash is high in silica and can be utilized in concrete mixtures to strengthen the concrete. All the aforementioned trends are expected to drive the demand and offer lucrative growth opportunities for the global nanosilica market.

    While there are some factors governing the growth of global nanosilica market, high cost involved in using the technology and buying the equipment for producing nanosilica is likely to restrict the growth of nanosilica market at a global level.

    Global Nanosilica Market: Regional Outlook 

    The global nanosilica market is segmented into various geographical regions, which include North America, Europe, Latin America, and Middle East and Africa. Asia Pacific is leading the global nanosilica market. Middle East and Africa and Latin America also hold a significant market share in the global nanosilica market, due to the growing demand for nanosilica from different end-use sectors. Europe and North America are also expected to grow rapidly as the presence of end-use industries is more in these regions. 

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    Companies Mentioned in the Research Report

    The global nanosilica market is highly competitive owing to the presence of regional and multinational players. The competition is estimated to increase in the forecast period due to heavy investments in R&D to develop innovative products. Some of the key players include AkzoNobel N.V., Nanostructured & Amorphous Materials, Inc, Dow Corning Corporation, Cabot Corporation, and Fuso Chemical Co. Ltd.


  • Global Strontium Market : Growth, Trends and Value Chain 2016 – 2024 by TMR

    The vendor landscape in the global strontium market is marked by the presence of a limited number of companies. Among these, Sakai Chemical Industry Co., Ltd., Solvay, and BassTech International accounted for the dominant share of 60% in the global market in 2015, finds Transparency Market Research (TMR) in a new study. Of these companies, Solvay holds advantage as it is engaged in mining strontium materials. This has made the prevailing competition fiercer. TMR predicts medium to high degree of competition in the global strontium market. Meanwhile, the market exhibits the presence of companies such as KBM Affilips and Yuxiang Magnetic Materials Ind. Co. Ltd. who are not directly engaged in the production of strontium. They are primarily engaged in manufacturing products used in downstream application sectors.

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    “Strategies adopted by these companies have a profound impact on the overall strontium market,” said a lead TMR analyst. TMR pegged the global market at 240.72 kilo ton in 2015. The market is expected to reach 372.09 kilo ton by the end of 2024, reporting a CAGR of 4.91% from 2016 and 2024. Among key application segments, ferrite magnets are likely to hold dominance through the forecast period. The segment held nearly 32.29% of the global market surpassing other segments including master alloys, zinc refining, paints and coatings, medical, and pyrotechnics. Regionally, Asia Pacific and North America are leading candidates for the top spot. While North America emerged dominant in 2015 with a share of over 29% in the global market, Asia Pacific, as per TMR, is likely to redeem itself.

    Advent of Novel Applications and Increasing Use in Traditional Sectors to Boost Growth

    The improving economic conditions across nations has greatly benefited the global strontium market. Economic rebound in developed economies and growth in emerging nations have made industries across the globe more willing to invest in strontium carbonate. Besides this, the market is forecast to benefit from novel applications.

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    In addition to this, the persistently rising use of strontium in traditional areas will bode well for the global strontium market. As per TMR, the increasing use of pyrotechnics in firecrackers, flashpapers, flares, and crackers will boost sales prospects for the market. Firecracker displays during events across various parts of the world will therefore fuel the demand for strontium.

    Stringent Regulations Limiting Unbridled Use of Firecrackers to Restrain Growth

    On the downside, various countries have implemented stringent regulations to curb pollution. Some of these regulations also inhibit the use of firecrackers. Since strontium is a commonly used compound in firecrackers, regulations imposed to limit their use will have a negative impact on the overall strontium market. Nonetheless, the market is expected to gain from the increasing sales of master alloys in the coming years.

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    The rising use of master alloys in plants where metals and alloys are melt to cast the, into various shapes will therefore boost growth prospects for the market.


  • Research report covers the Waterproof Breathable Textiles (WBT) Market share and Growth up to 2024

    Waterproof Breathable Textiles Market: Snapshot

    Waterproof breathable textiles (WBT), as the name depicts, are employed in the manufacture of garments that are weather-proof, i.e., which prevent the passage of water and heat from the fabric. These textiles prevent both penetration and absorption of water, unlike water-repellent fabrics that only delay water penetration. These waterproof breathable textiles permit the flow of water vapor (perspiration) from inside the clothing to the outer atmosphere. However, these textiles prevent penetration of heat or water from outside to inside the fabric. The waterproof breathable textiles market can be bifurcated on the basis of product type into densely woven, coated, and membranes. On the basis of end-user industry, the market for waterproof breathable textiles can be segmented into garments, footwear, and gloves.

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    The densely woven type of waterproof breathable textiles is manufactured by combining and piling up cotton yarns together. When exposed to water, pores of these densely woven fabric are swollen, thus reducing the size of pores in the fabric. This reduction in size of pores requires very high pressure to permit the passage of water through the fabric.

    For a highly dense type of waterproof breathable textiles, the standard pore size of is about 10 μm, while that of conventional fabric is 60 μm. The membranes type of water breathable textile is an absolutely thin film made from polymer. It is designed in such way that it prevents passage of liquid water into the fabric and only allows penetration of water vapor through it. This type has a thickness of about 10 μm and possesses lamination coating to impart the necessary physical strength. Materials such as polytetrafluoroethylene (PTFE) polymer and polyvinylidene fluoride (PVDF) are primarily employed during the manufacturing process. These hydrophilic membranes are thin films of chemically modified polyurethane or polyester. One surface is coated with polyurethane in coated waterproof breathable fabrics.

    Waterproof Breathable Textiles Market: Trends and Opportunities

    The membranes type of waterproof breathable textile exhibits properties such protection from UV radiation, airborne pollutants, and temperature variations. High demand for membranes type of waterproof breathable textile is expected to propel the market in the near future. Increasing demand for high performance and extremely comfortable fabrics is estimated to drive the global market for waterproof breathable textiles in the next few years. Rising disposable income and increasing awareness regarding fitness are expected to propel demand for waterproof breathable textiles in developing economies such as China and India.

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    Rising use of recycled PET bottles in the manufacture of waterproof breathable textiles is anticipated to boost growth of the waterproof breathable textiles market globally. Growing need for antimicrobial and stain-resistant fabrics in sportswear garments is likely to fuel demand for waterproof breathable textiles in this application.

    Waterproof Breathable Textiles Market: Competitive Landscape

    The global market for waterproof breathable textiles is highly fragmented and consists of low- and mid-sized manufacturers. Entry barrier for new entrants is low in terms of capital investment and technology.

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    Key players in the waterproof breathable textiles market include MITSUI & CO., LTD., Marmot Mountain LLC, Toray Industries Inc., W. L. Gore & Associates Inc., Helly Hansen, Polartec LLC, Sympatex Technologies GmbH, Jack Wolfskin GmbH & Co., Dow Corning Corporation, Nike Inc., P2i Ltd, Lowe Alpine International S.r.l., Tanatex Chemicals B.V., Patagonia, Inc., Heartland Textiles Co. Ltd, Schoeller Technologies Ag, Columbia Sportswear Company, and Clariant.


  • Specialty Silica Market – Growth and Forecast 2016 – 2024

    The global specialty silica market shows a consolidated market as it is confined with limited number of players. The dominant players hold 50% of the market value, as analyzed by Transparency Market Research (TMR). Some of the key players dominating the specialty silica market are Huber Engineered Materials, Cabot Corporation, Evonik Industries AG, Akzo Nobel N.V., Wacker Chemie AG, Tokuyama Corporation, PPG Industries, Inc., Solvay S.A., and W. R. Grace & Co.

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    The report throws light on the growth indicators for the forecast period between 2016 to 2024. During this tenure, the market is expected to reach a valuation of US$ 7.32 bn which was US$ 4.62 bn in 2016. The CAGR of this period is estimated to grow at a steady 5.9%. The rubber segment under the application category where footwear, tires, and industrial tools are being widely used is projected to dominate the market during the forecast period. Regionally, the market in Asia Pacific is expected to boost the specialty silica in coming years. This region holds up to 45% of the total market value. North America is also expected to hold significant shares during the forecast period.

    Automotive Industry to Increase the Demand for Specialty Silica Market

    The increasing use of specialty silica in green tires and high global demand in automotive industry have grown the market significantly. Rising demand for automotive in emerging market especially in Asia Pacific region. Higher demand for cleaner and swifter vehicles in the automotive industry has significantly boosted the specialty silica market across the globe. Increasing awareness among the huge population to reduce carbon emission has also driven the demand for green tires that will further increase the demand for specialty silica market. Moreover, growing demand for fumed silica due to developments in chemical mechanical planarization (CMP) will also help to expand the global specialty silica market during the forecast period.

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    Emerging Economies Creating Lucrative Opportunities for the Market to Grow Effectively

    Increasing applicability of specialty silica in the numerous industry, the specialty silica market is expected to flourish in coming years. Growing number of automotive, construction and industrial sector in the emerging economies is further expected to boost the market. Asia Pacific is leading the market with 45% of share. Countries in Asia Pacific include Japan, China, South Korea, and India. Moreover, Asia Pacific and North America both are projected to expand the market for the specialty silica players that will increase the revenue generation for the specialty silica market.

    Additionally, growth in consumption with increasing developments in consumer electronics industry will create huge opportunities for the manufactures in specialty silica market. Although sluggish growth of paints and coating industry may hinder the market to attain its full potential. However, these restrains can be overcome with consistent efforts made by manufactures across the globe.

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    The information presented in this review is based on a TMR report, titled “Specialty Silica Market (Products – Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel, and Colloidal Silica; Applications – Rubber (Tire, Footwear, and Industrial), Crop Protection, Paints & Coatings, Electronic Components, Food & Beverage, Animal Feed, Plastics, Personal Care & Cosmetics, Textile, and Paper) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”


  • Butyric Acid Market Set for Rapid Growth And Trend, by 2023

    Butyric acid is a carboxylic acid, also known as butanoic acid, with its esters and salts known as butanoates and butyrates. It exhibits an unpleasant smell, having an acrid taste and is usually found in the milk of farm animals such as buffalo, sheep and goat. Butyric acid is industrially manufactured by the fermentation of starch or sugar, with the addition of putrefying cheese, added with calcium carbonate for the purpose of neutralizing the acids formed in the procedure. This fermented butyric acid is also found as octyl butyrate in parsnip, and as hexyl butyrate in the oil of hogweeds. As butyric acid is also manufactured at a relatively low rate, yield and concentration, traditional butyric acid fermentation process is not yet economically competitive. It is also manufactured via chemical synthesis on an industrial scale which involves the oxidation of butyraldehyde, obtained from propylene which is derived by oxosynthesis from crude oil. On account of availability of starting materials and lower production costs, wide preference is given to the chemical synthesis of butyric acid.

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    Although fermentation is relatively expensive than chemical synthesis of butyric acid, it has succeeded in garnering more attention owing to rising consumer demand for natural and organic products as compared to chemically synthesized products, as well as rapid increase in crude oil prices needed for the chemical synthesis of butyric acid.

    Increasing production of butyric acid has been witnessed from processing wastes and agriculture industry. It used in a wide range of applications such as food, chemical and pharmaceutical industries. Butyric acid shares a wide application scope in the chemical industry, in addition to its increasing demand as a precursor to biofuels. Focus on research and development activities has been directed towards alternative fuel sources with the increase in petroleum price as well as continuous reduction in availability of petroleum coupled with growing demand for clean energy sources. Biofuels offer many environmental advantages such as security of supply, reduction of greenhouse gas emissions and sustainability. Moreover, as biofuels are one of the most promising sources for replacing gasoline in the future, significant attention has been paid towards bio-butanol, with its major use as industrial solvents while also offering certain advantages over ethanol in transportation fuels. These factors have significantly contributed towards the increasing demand for butyric acid in biofuels

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    Some of the key manufacturers have entered into several collaborations and agreements with other companies for the marketing of new products as well as garnering a larger share in the market. Large scale manufacturers such as Eastman Chemical Company have implemented various growth strategies for increasing their production capacity by an additional 11 million pounds of butyric acid to support growing internal and external demand for the acid. The agreement was made in January 2013 with the company disclosing their purpose of satisfying the demand for butyric acid which they have currently forecasted, while also mentioning their capability to expand further as demand increases. Increasing demand for butyric acid from the several end-user industries such as food & beverage and pharmaceuticals are expected to be one of the major growth factors for the market. However, rising health concerns regarding the toxic use of butyric acid is expected to slow down the growth of the market. Increasing implementation of butyric acid as biofuels is expected to provide new opportunities for the growth of the market.

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    Alfa Aesar GmbH & CO KG, Dmitrievsky Chemical Plant, and Eastman Chemical Company are some of the major manufacturers of butyric acid present in the market.


  • Food and Beverages Industry to Promote the Growth of Global Peracetic Acid Market

    Global Peracetic Acid Market for Food and Beverages: Overview

    It has been noticed in the last couple of years, the global peracetic acid market has experienced a tremendous jump due to its strong oxidizing properties. It has been extensively used in paper and pulp bleaching industry because of its strong oxidizing properties. Another property which has made the peracetic acid market in such a high demand is the fact that it can acts as microbial agent, which makes it an important asset in medical, water treatment industries, and household care. Peracetic acid can be used as sanitizing disinfectant agent in various industry. Other application of the peracetic acid market is that it can be used as valuable biocide in horticultural and agricultural industries. Rise in food and beverage industry all across the world due to incessant rise in population is likely to become the fastest growing segment of the market in the years to come.

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    Rapid growth of population due to irregular family planning in most part of the world is triggering the demand for food and beverages as frozen meat, non- aerated and aerated drinks, and poultry, is likely to boost the demand for peracetic acidic market across the worldwide. Apart from these, the rise in awareness among consumers regarding the availability of clean drinking water, and hygiene, as the regions are more vulnerable towards microbial infection, particularly in frozen food, thus raising the demand for peracetic acid in the market. Amongst all the other region, North America dominates the market by holding the major share of the market. The global market for peracetic acid likely to expand at CAGR of 7.3% by 2020. The market is anticipated to be valued at US$652.9 mn by the assessed period 2014-2020.

    Food and Beverages Industry to Promote the Growth of Global Peracetic Acid Market

    The global peracetic acid market is classified on the basis of end-user analysis which consists of water treatment, pulp and paper bleaching, and food and beverages, households, agriculture, medical and others. It has been anticipated that the surge in demand for peracetic acid worldwide in the end-user segment such as food and beverages, and water treatment is likely to provide boost in the growth of the market in the years to come. It has been noticed that the frequent fluctuations in the cost of raw materials accompanied with the harmful side effects of peracetic acid when exposed is likely to deter the growth of the market during the forecast period. However, it has been noticed that the mass production of peracetic acid as it going to reduce the price thus creating a lucrative opportunity for the market to grow in future.

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    Developing Countries to Make Asia Pacific the Fastest Growing Region

    Geographically, the global peracetic acid market is split into North America, Europe, Rest of the World, and Asia Pacific. High demand of peracetic acid in industries such as water treatment and food and beverages industry is prognosticated to push the growth of the market, particularly in the North America during the assessed period. Asia Pacific region is expected to become the fastest growing market during the predicted period. Emerging economic countries in the region such as China, and India is likely to experience a sudden surge in demand for peracetic acid, from various industries, thus promoting the growth of the market. In North America and Europe, the demand is anticipated to witness a steady rise due to the constant economic recovery in various parts of Europe and the U.S. The peracetic acid market is predicted to witness a demand in Latin America, and Middle East during the forecast period, thus pushing burgeoning the growth of the market in the rest of the world.

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    Major players in global peracetic acid market are Evonik Industries, PeroxyChem LLC, Ecolab Inc., and Thai Peroxide Limited.


  • Photographic Chemicals Market – Revenue, Opportunity, Segment and Key Trends 2016 – 2024

    Global Photographic Chemicals Market: Overview

    The films and paper used for the development of photographs have to go through several chemicals for treatment known as photographic chemicals. The types of photographic chemicals include selenium dioxide, sodium sulfide, silver bromide, cadmium bromide, and acetic acid. Photographic chemicals are generally used in two chief sectors of consumer and business. The consumer market for photographic chemicals is generally driven by the growing disposable income of consumers and their improving lifestyle. Due to these factors, the demand for photographs and the chemicals used in treating them is increasing extensively. The business segment is basically driven by the rising investments in promotional activities and advertisement that requires high-quality photographs.

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    This industry study is an evaluation of the growth prospects and historical tract of the global photographic chemicals market. It deals with the assessment of the facets that are projected to sway the expansion of the market both negatively and positively. Further, the key trends have also been indicated in the publication. The research study further presents a wide outlook on the seller landscape of the market with reference to Porter’s five forces analysis. The research report deals with the R&D activities, mergers, acquisitions, and particulars on certifications and partnerships. The report reviews the approaches related to shares, publicity, and product range of the key accomplices in the global photographic chemicals market.

    Global Photographic Chemicals Market: Drivers and Restraints

    The global market for photographic chemicals is likely to be benefitted by the growing expenditure power of consumers and the sudden uplift in their lifestyle. The rising use of print media for promotional activities such as hoardings, and flexes are expected to bode well for the growth of the market in the near future. The treatment of films and photographic paper is dome with special chemicals and thus the underlying image is made visible, insensitive to light, and permanent. A film is at first soaked in water to absorb the gelatin layer in order to facilitate the required action for the chemicals and then it is covered with the developer. Based on the different types of methods, the photographic chemicals market is classified into black & white reversal processing, color processing, and black & white negative processing.

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    The market is however likely to be inhibited by the rising demand for smart phones and digital camera owing to e-advertising and digitization. Availability of substitutes such as cloud computing and e-storage are further reducing the demand for physical photographs, thus restraining the market’s growth. These chemicals also have harmful impact on the human health and environment. Nevertheless, these issues are on the verge of being addressed through rising research and development activities in order to explore various new applications for photographic chemicals. Manufacturers can also capitalize on these opportunities.

    Global Photographic Chemicals Market: Geographical Analysis

    Region-wise, North America emerged dominant in the global photographic chemicals market based on consumption. At present, Asia Pacific is the leading manufacturer of photographic chemicals and is also likely to maintain a lead until the end of the forecast period. The growth of the production of photographic chemicals in the Asia Pacific region is basically due to high demand in emerging economies such as China and India.

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    Global Photographic Chemicals Market: Vendor Landscape

    The leading companies in the global photographic chemicals market are Sinex Systems Private Ltd., NET Corporation, Linchen Group, Huntsman Corporation, BASF, and Fujifilm Corporation among others.


  • Global Tartaric Acid Estimated for a Value of US$3.16 Bn by 2022

    A recent business intelligence report developed at the headquarters Transparency Market Research (TMR) has detected the market for tartaric acid is heavily dependent on the raw material suppliers of this organic acid. Being a seasonal acid that is extracted out of fruits including grapes and tamarind, the inflow of raw materials is limited to major manufacturers who cultivate their own or on contract. While there are tartaric acids, they are restricted from the usage across consumable product industries such as wine and food and beverages.

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    As far as the competitive landscape is concerned, the shares are distributed. The analyst of this tartaric acid market has notified of a fragmented scenario with the percentage of natural tartaric acid manufacturing outnumbering synthetic option manufacturers. Most of the latter ones are currently present in the emerging economies

    The TMR report analyst has identified and profiled a number of prominent companies operating in the tartaric acid market, including as American Tartaric Products Inc., Caviro Distillerie S.R.L., Tarcol S.A., Distillerie Mazzari S.p.A., Giovanni Randi S.p.A., Derivados Vinicos S.A., The Tartaric Chemicals Corporation, Vinicas Inc., Omkar Speciality Chemicals Ltd., and Industria Chimica Valenzana S.p.A.

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    Global Tartaric Acid Estimated for a Value of US$3.16 Bn by 2022

    As per the projections of the TMR report, the global tartaric acid market will attain a value of US$3.16 billion by the end of 2022, with the demand expanding at a formidable CAGR of 6.2% during the forecast period of 2014 to 2022. Volume-wise, the global market is to produced a demand for nearly 80.2 kilo tons of tartaric acid in 2013, which was worth US$1.85 billion. The report has evaluated the potential of demand for tartaric acid that can be expected out of the end-use industries of food and beverages, wire, construction, pharmaceuticals, and others such as metal finishing, leather tanning, and chemical. Among these, the food and beverage industry is at the forefront, accounting for more than a quarter of the total demand as of 2013. The wine industry was other notable consumer, although this was mostly limited to western countries.

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    Europe the Region with Widespread Opportunities

    Geographically, Europe continues to be the most lucrative region for the tartaric acid market players, generating more than one third of the total demand as of 2013, that in terms of volume. The European region continues to dominate as a result of wire culture that has been prevalent for a number of decades. The food and beverage industry is doing quite okay in this region and end users of tartaric acid are generating demand from prospering countries such as Germany, France, the U.K., and Russia. In the coming years, the analyst of the report has foreseen regions with emerging countries such as China, India, Malaysia, and Thailand to generate profitable demands but not in great volumes.


  • Europe Textile Chemicals Market is Grow at a CAGR of 4.20% During the Period 2014 – 2020

    According to a recent market research report released by Transparency Market Research, the textile chemicals market in Europe is estimated to grow at a CAGR of 4.20% during the period between 2014 and 2020. The report, titled “Textile Chemicals Market – Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, projects the Europe textile chemicals market to reach a valuation of US$1.6 bn by 2020. The overall market was worth US$1.2 bn in 2013.

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    The report points out that growing demand for hometech will drive the textile chemicals market in Europe. Further, rising demand for mobiltech and clothtech chemicals will propel the market during the forecast horizon. However, growing environmental concerns regarding the usage of textile chemicals will restrain the overall market. Some textile chemicals are also known to be carcinogenic. This has led to the emergence of biobased alternatives that will hinder the growth of the market. The Europe textile chemicals market has a huge opportunity to grow with the increasing importance of geotextiles across Europe.

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    According to product type, the report categorizes the Europe textile chemicals market into finishing agents, coating and sizing chemicals, colorants and auxiliaries, surfactants, bleaching agents, desizing agents, and yarn lubricants. In 2013, coating and sizing chemicals accounted for a 30% market share and emerged as the largest segment in the market. However, during the forecast horizon, the finishing agents segment is expected to display the fastest growth owing to the growing demand for high-quality fabrics.

    On the basis of application, the report segments the Europe textile chemicals market into indutech, sportech, mobiltech, buildtech, hometech, meditech, clothtech, protech, agrotech, packtech, and others including geotech and oekotech. Mobiltech registered the highest growth in the market in 2013 and accounted for a 25% market share. The growth of the segment can be attributed to its extensive demand from industries such as railway, automotive, spacecraft, ship, and aircraft.

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    The report projects the agrotech segment to be the most rapidly developing application segment by 2020 owing to the extensive usage of agrotech chemicals in horticulture, forestry, landscape gardening, floriculture, and agriculture. Rapid increase in the number of organic farms in Europe will further fuel the demand for agrotech chemicals.


  • Global Leather Chemicals Market to expand with CAGR of 6.10% By 2020

    Transparency Market Research (TMR) observes that the global leather chemicals market is highly competitive owing to the presence of a number of players operating in the global market. Some of the prominent players operating in the global leather chemicals market are Wei Tai Leather Co. Ltd., BASF SE, DyStar Singapore Pte Ltd. Clariant International Ltd., and Rock Chemie Co. In order to remain dominant in the global market for leather chemicals, these players are increasingly taking part into strategies such as a merger, acquisition, and partnerships. Additionally, numerous new entrants are struggling to enter into the market. Vendors in the leather chemical are trying to develop innovative and more eco-friendly products.

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    According to TMR, the leather chemicals market is expected to expand with CAGR of 6.10% over the forecast period from 2014 to 2020 to attain a value of US$8.19 bn from the value of US$5.43 bn in 2013. Based on the product, tanning and dyeing chemicals segment accounted for largest share of around 40% in the overall leather chemicals market in 2013. Based on the region, Asia Pacific region dominated the global market by accounting for 40% shares in terms of volume.

    Growing Inclination toward High-Quality Leather to Boost Growth

    Increasing demand for the high-quality leather product is projected to boost uptake of leather chemicals in order to improve the quality of leather. Leather chemicals are used in different stages of the production process of leather. These premium leather products increasingly adopted from numerous end-use industries such as footwear, furniture, garments, and interiors of automotive. Especially, the automotive market in the developing countries such as China, India, and Brazil is expected to boost growth of the market over the forecast period.

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    Additionally, the availability of the abundant raw material, especially in the Asia Pacific, is encouraging numerous players to expand their production in the Asia Pacific. This factor is expected to influence positively on growth of the global leather chemicals market. Furthermore, growth of the leather chemicals directly depends on the emergence of the footwear and automotive industries. The factors such as increasing disposable income are boosting demand for luxury goods. This trend for buying luxury goods is expected to continue over the forecast period which is likely to bolster growth of the global leather chemicals market.

     

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    Risk of Possible Side Effects to Hamper Growth

    Despite the growth prospects, numerous governments are imposing stringent regulations on the uptake of the harmful chemicals with possible side effects such as lung cancer and respiratory disorders are hampering growth of the global leather chemicals market. Additionally, competition among the local players primarily operating in the Asian countries is restraining growth of the global lather chemicals market. Moreover, growing substitutes for leather chemicals is also posing as a challenge to the growth of the global leather chemicals market.


  • Global Carboxylic Acids Market is Expected to Expand at a Moderate CAGR of 4.9% From 20 15-2023

    The demand within the global market for carboxylic acids has been escalating on account of advancements in the chemical industry, finds Transparency Market Research (TMR). The market vendors in the global carboxylic acids market have been focusing on expanding their geographical as well as industrial reach by entering into alliances and partnerships. Furthermore, these market vendors are projected to stay relevant amidst the ever-changing trends in the market by conducting rigorous research and analysis. It is anticipated that mergers and acquisitions would become the watchword for the global market for carboxylic acids over the forthcoming years.

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    The competitive landscape of the global carboxylic acids market is highly fragmented due to the presence of a large number of market players. Around 22% of the total market share is held by the top five market players, and this is reflective of the progressive fragmentation within the market. The small market vendors are projected to deploy financial analysis techniques in order to meet their break-even points. Furthermore, the profit margins for the small and medium-sized players are narrow due to the presence of a large number of market vendors. Some of the key vendors in the global carboxylic acids market are BASF SE, Celanese Corporation, Eastman Chemical Company, and The Dow Chemical Company.

    The global market for carboxylic acids is expected to expand at a moderate CAGR of 4.9% over the period between 2015 and 2023. Furthermore, the market was valued at US$12.14 bn in 2014 and is expected to touch a value of US$18.49 bn by 2023-end. Geographically, the demand within the market for carboxylic acids in Asia Pacific is expected to outdo other regional segments. Based on end-use industry, the chemical industry has been a major consumer of carboxylic acids over the past decades.

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    Utility of Carboxylic Acid to Drive Demand

    The demand within the global market for carboxylic acid has been rising on account of the multi-industry usage of this acid. Primarily, carboxylic acid is a key ingredient for several processes and testing methods in the food and beverages industry. Furthermore, the use of carboxylic acid for the manufacture of dyes, shampoos, and other beauty products in the cosmetics industry has also led to an increased demand within the global market. The demand for animal feeds has escalated in recent times, and hence, the use of carboxylic acid for manufacturing animal feeds has enhanced the growth prospects of the global market. Furthermore, the consumer goods and agriculture sectors are amongst other key consumers of carboxylic acids.

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    Strict Manufacturing Laws to Hamper Market Growth

    Despite the boisterous growth rate of the global carboxylic acids market, the demand is restrained by the high cost of these acids. Furthermore, the strict regulations with regards to the manufacture of petro-based carboxylic acids have also posed threats to the growth of the global market. Substitutes of carboxylic acids are easily available in the market in the contemporary times. This factor is also expected to play a major role in restraining the growth of the global carboxylic acids market.


  • Caustic Soda Market Will Rise to USS$39.75 bn by 2020

    The global caustic soda market is expected to see positive growth in the coming years, say analysts at Transparency Market Research (TMR). The caustic soda market is predicted to experience high levels of competition among the vendors. A small profit margin and limited availability of raw materials pose a challenge to new entrants. However, established vendors in the global caustic soda market are basking in the increased spending on household applications by consumers. This is a key area which is expected to be focused on by vendors in the industry, in order to gain more shares in the market.

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    Vendors in the global caustic soda market are seen capitalizing on the immense potential offered by developing regions such as the Asia Pacific. Countries such as China and India hold promising prospects with a burgeoning population and numerous end-use industries.

    Leading vendors in the global caustic soda market include Reliance Industries Limited, Occidental Petroleum Corporation, The Dow Chemical Company, Olin Corporation, and AkzoNobel N.V.

    TMR analysts report that the global caustic soda market, which was evaluated to be at US$30.82 bn in 2013, will rise to USS$39.75 bn by 2020. The caustic soda market is anticipated to exhibit a 3.7% CAGR over the forecast period of 2014 to 2020.

    Among the application segments, Alumina is predicted to emerge as the leading one in the global caustic soda market, on account high industrial demand. In terms of geography, Asia Pacific is projected to demonstrate a brisk growth rate over the coming years. Latin America and Australia are projected to gain prominence in terms of import.

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    High Demand from Automotive Sector to Propel Market

    Recently the demand for alumina has grown, with various benefits, such as quickest, safest, environmentally-friendly, cost-effective ways of boosting performance, fuel economy and reducing emissions, without compromising safety and long-life, in cars such as automobiles, for example, and other commercial vehicles. It is the most used non-ferrous material in automobiles and has the potential to become the most-used material, as new aluminum alloys are made to deliver more value than steel. This is one of the primary factors that is expected to give the global caustic soda market a boost. The production of lightweight cars to control emissions and increase the efficiency of fuel was strong.

    Applications in Metallurgical Processes to Drive Growth

    A factor will adversely affect the market because of its reactive and corrosive nature that has a harmful environmental effect that limits its use in consumer products. The second challenge for her energy-intensive production process is for several producers to reduce the overall margin for profit. The global caustic soda market will be prevented by increasing concerns regarding its harmful effects on human health and the environment over the predicted time period.

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    However, the product is a strong alkaline chemical and reacts very easily with several other substances including aluminum, zinc and metallurgical applications for further development. These factors together with increasing demand for chlorine and increased technological advancements in caustic soda processing are projected to boost market demand in years to come. In addition, the market for caustic soda is expected to increase the use of caustic soda in alumina extraction.


  • Global Toluene Diisocyanate Market is Expand at a CAGR of 4.8% From Forecast Period 2015-2023

    According to a recent report by Transparency Market research (TMR), the global toluene diisocyanate market is expected to appear averagely concentrated, with handful of key players leading the market. The key players operating in toluene diisocyanate market are Huntsman Corporation, Bayer MaterialScience LLC, The Dow Chemical Company, BASF SE, and Mitsui Chemicals, Inc. The players are investing in the research and development activities along with various business strategies. These strategies include mergers and acquisitions, tie-ups, and collaborations.

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    The global toluene diisocyanate market is likely to expand at a steady CAGR of 4.8% within the forecast period from 2015 to 2023. In 2014, the market was valued to be of worth US$ 6.72 bn. This figure is foreseen to reach at worth of US$ 10.27 Bn by the end of 2023. Based on volume, in 2014, the demand for toluene diisocyanate was accessed to be 2,231.5 kilo tons.

    The global toluene diisocyanate market is classified based on application into rigid foam, flexible foam, elastomers, coatings, and adhesives and sealants. Of these, flexible froth is most likely going to lead the demand from the global toluene diisocyanate market in the coming years due to extensive utility in the customer products segment. Geographically, Asia Pacific and Europe are estimated to account for major share in the global toluene diisocyanate market in the upcoming years. The toluene diisocyanate market in Asia Pacific is to a great extent fueled by the thriving development of the construction business in the developing nations, while the advent of automobile sector propels the development of the toluene diisocyanate market in Europe.

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    Increased Application of TDI in Automobile Sector to Augment Demand

    Toluene Diisocyanate (TDI) is the natural chemical compound utilized as a raw material for the making of polyurethane items. The rising demand for polyurethane all over different manufacturing businesses is foreseen to fuel the development of the toluene diisocyanate market. The surged utilization of polyurethane over the production of bedding, furniture, sofas and so forth is one of the important fueling factor propelling the growth of the global toluene diisocyanate market.

    Toluene Diisocyanate (TDI) is estimated to experience notable development in the upcoming years by virtue of growing demand for flexible polyurethane foams. Demand for these is relied upon to develop because of its increased application scope in transportation and furniture sector as a padding material. Growing demand for convenient seats in furniture and vehicles is likely to fuel market development for TDI in future. Crude materials utilized in the making of TDI are propylene, toluene, unrefined petroleum, and aniline. Increase in crude materials costs may hinder market development for TDI in forthcoming years.

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    Increased Production of Luxurious Vehicles to Boost Demand Globally

    End use enterprises of toluene diisocyanate market incorporate rigid foams, transportation, coatings, furnishings, elastomers, adhesives and sealants. Furniture accounted for the one of the biggest application segment in 2013. Surging demand for sofas, luxurious beds, rich beds, and chairs as a result of increased consumption of polyurethane foams in the course of the last few years and the pattern is foreseen to grow in the forthcoming years. Surged production of luxurious automotives combined with rising challenge in automobile sector empowering utilization of polyurethane foams in vehicles is likely to fuel TDI market development within the forecast period. Surging demand regarding sealants and coatings to lessen spillages is estimated to positively affect TDI market development. Growing demand with respect to for rigid foams in packaging sector and resulting development of the packaging industry is estiamted to fuel market development in the span of coming years.


  • Global Asia Pacific Unsaturated Polyester Resin Market is attain a valuation of US$ 7.45

    The competitive landscape of the unsaturated polyester resin market is highly fragmented in nature, says Transparency Market Research (TMR). This is because of the presence of several key players in the market. The key players are focusing towards accusation and merger, product proliferation and business expansion in order to strengthen their market position. Some of the predominant players operating the Asia Pacific unsaturated polyester resin market are Singapore Highpolymer Chemical Products Pte Ltd., Tianhe Resin Co., Ltd., Changzhou New Solar Co., Ltd., and PT Justus Sakti Raya.

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    According to a newly launched report by TMR, the unsaturated polyester resin market is expected to attain a valuation of US$ 7.45 bn by 2023. The analysts noted the market at US$ 3.98 bn valuation in 2014. During the forecast the Asia Pacific unsaturated polyester resin market is likely to rise at a healthy CAGR of 7.2% during the forecast period.

    On the basis of application, the building and construction segment held a major market share in 2014. This is because of the increasing demand of unsaturated polyester resin in of various building materials such as putty, artificial marbles, roofing materials, and concrete. Based on product type, the orthophthalic resin is expected to lead the unsaturated polyester resin market in the forecast period. It was noted to account for 35% share in the Asia Pacific Market in 2014.

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    Building and Construction Emerges Dominant Due to Increasing Applications of Resins

    Unsaturated polyester resin is widely used as a body filler for roofs, interiors, bumpers, and vehicles to repair damaged parts. This is because of its high resistance property. Unsaturated polyester resin find application in several industries such as marine, oil & gas, transportation, construction, and manufacturing industries. The demand for unsaturated polyester resin is likely to increase in Asia Pacific in the forecast period. This is mainly due to the large scale construction activities coupled with heavy vehicle production in the region. The increasing demand in countries such as India, Thailand, China, and Indonesia is one strong factor likely to drive the global unsaturated polyester resin market in Asia Pacific.

    In addition to this, expansion of the marine industry in the region is another factor predicted to contribute towards the regional growth. Along with this, rapid development is of urban settings is leading to a massive surge in demand for unsaturated polyester resin market.  Moreover, the growing need to reduce emission in the automobile sector is increase the demand of unsaturated polyester resin in the region. The light weight property of unsaturated polyester resin is makes unsaturated polyester resin ideal for the vehicle engine.

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    High price of Unsaturated Polyester Resin Market to Hamper Market Growth

    The constantly depleting resources of polyester resin in Asia Pacific is creating a threat for the key players operating in the region. Due to this, the price of unsaturated polyester resin are likely to increase in the region. The high cost of unsaturated polyester resin may force end user to look for a substitute. However the increasing technology lead innovation by the key players is anticipated to create lucrative opportunity in the unsaturated polyester resin market in the near future.


  • Global Smart and Interactive Textiles Market to Reach US$3.8 bn by 2020

    A new report has been published by Transparency Market Research on the global smart and interactive textiles market. As per the report, the global smart and interactive textiles market is expected to expand at a 14.0% CAGR from the period between 2014 and 2020. The report, titled ‘Smart and Interactive Textiles Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020’, states that the global smart and interactive textiles market is expected to progress from US$1.5 bn in 2013 to US$3.8 bn by 2020.

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    Smart and interactive textiles are fabric products possessing the ability to sense and react to a specific environment or stimuli such as heat or light. Smart and interactive textiles, also known as smart fabrics or smart textiles, provide additional applicability and functionality as compared to traditional ones. Smart textiles can also be used in protection, monitoring, medical, and entertainment applications and can be used in the technical textiles industry and fashion and clothing segments.

    The global smart and interactive textiles market is segmented on the basis of application and region. Based on application, the global smart and interactive textiles market is classified into industrial, medical and healthcare, military and defense, transportation, retail and consumer, and others. In 2013, the global smart and interactive textiles market was led by the transportation segment. The transportation segment accounted for over 38% of the total market. New applications including heating of seats, measuring heart rate, steering wheel functioning, and smart seat belts hold huge potential in the auto industry. The industrial application segment is expected to expand at a 17.30% CAGR during the period from 2014 to 2020 due to an increase in industrial activities.

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    By geography, the global smart and interactive textiles market is divided into North America, Europe, Asia Pacific, and Rest of the World. In 2014, demand for smart and interactive textiles was at peak level in Europe due to the existence of large-scale industries such as military, healthcare, and transportation. North America was the second largest regional segment in 2014, thanks to demand for various applications of smart textiles such as sports and fitness fabrics and regular clothes. Asia Pacific is expected to register the fastest growth by 2020 – it is expected to expand at a 20.2% CAGR. Increasing volume of industrial activities and rising usage of smart textiles in various applications such as supply chain process and conveying/lifting is expected to drive the Asia Pacific market for smart and interactive textiles in the years to come.

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    E. I. du Pont de Nemours and Company, Globe Manufacturing Company, LLC, Outlast Technologies Inc., Toray Industries Inc., Fibertronic Ltd., Interactive Wear AG, and Textronics Inc. are the prominent players operating in the global smart and interactive textiles market.


  • Global Monoethylene Glycol (MEG) Market is projected to expand at a CAGR of 6.1% during 2015–2023

    The top three players in the monoethylene glycol (MEG) market held a combined share of 29.3%, in the global market, finds Transparency Market Research. These leading companies are Royal Dutch Shell Plc., SABIC, and the Dow Chemical Company. The sizeable shares held by these players notwithstanding, the competitive landscape is still fairly fragmented. This is due to the substantial clout held by several regional and indigenous producers of monoethylene glycol. The market is increasingly competitive with regional players constantly striving to subvert the dominance of the leading incumbents by focusing on capacity expansions. In the coming years, the intensity of competition is likely to rise further.

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    TMR observes that the threat of entry by new players is low and is expected to remain so until the end of the assessment timeline. The entrants must maneuver the stringent regulatory frameworks prevailing in the market and also manage substantial funds upfront required for the infrastructure.

    The global market for monoethylene glycol is projected to expand at a CAGR of 6.1% during 2015–2023. The market estimated valuation at the end of 2016 was US$26.93 billion and is anticipated to reach a worth of US$40.84 billion by the end of the forecast period.

    The various applications for which MEG can be used are polyester fiber, polyethylene terephthalate, and antifreeze. Of all the segments, MEG are extensively used in manufacturing polyester fibers. The segment is expected to occupy a share of 55.1% in the global market by the end of 2023.

    On the geographical front, Asia Pacific holds the sway with the dominant demand for monoethylene glycol. By the end of the forecast period, the regional market is expected to reap a revenue of US$25.88 billion. The growth is fueled by the vast application of MEG in the textile industry, particularly for making polyethylene terephthalate (PET) and polyester fibers.

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    Extensive Demand for Manufacturing Polymer Fabrics especially in Emerging Economies key to Growth

    The burgeoning usage of monoethylene glycol in producing polymer fabrics and PET resins, especially in emerging economies, across the world is a key factor driving the market. The extensive demand for polymers in the textile manufacturing industries is a notable factor accentuating the market. The attractive demand for polyesters is underpinned by their physical and chemical properties that make them suitable for usage in tropical climates.

    The vast strides being made by the textile industry, coupled by the rapidly rising disposable incomes of urban populations in developing countries, is a crucial trend supporting the swift expansion of the monoethylene glycol market. The rising uptake of MEG in making a range of textile and packaging solutions is also boosting the market. The burgeoning demand for PET in making packaging for food and beverages and pharmaceutical is a case in point.

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    Large Fluctuation in Conventional Raw Material Prices glaring Bottleneck

    The volatility of raw material prices, particularly of feedstock that comes from crude oil, is a notable factor that has adversely affected the expansion of the market. This is attributed to the fast declining reserves of crude oil in several parts of the world and the large supply fluctuations persisting in several economies. Moreover, the glut of cheap MEG from overseas has also impeded the smooth expansion of the market. Furthermore, of late, the demand for PET and other polymer resins has been cutting flak among end users due to their role in aggravating plastics pollution.


  • Global Anti-tack Agents Market to Reach US$437.9 mn by 2023

    Leading market analysis and intelligence firm Transparency Market Research has published a new market study, detailing the global anti-tack agents market. The report, titled ‘Anti-Tack Agents Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023’, projects the global anti-tack agents market to expand at a significant CAGR over the forthcoming eight years. The market’s value at the end of the given forecast period is expected to be close to US$438 mn. In 2014, the market was valued at US$306.5 mn and will exhibit a 4.1% CAGR from 2015 through 2013.

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    The global anti-tack agents market is segmented into the product types of stearates, fatty acid esters, fatty acid amides, soap, and others. Among these, stearates led the global anti-tack agents market, with a 40% share. The factors responsible for the dominant share of stearates in the global anti-tack agents market are their excellent water repellence, lubrication, foam inhibition, separation, and gelling capacity. Among other product segments, fatty acid esters, in particular, are used as rubber releasing agents.

    The usage of stearates is, however, expected to be affected by low consumer awareness and rising raw material prices, along with environmental regulations restricting the usage of stearates.By geography, the report segments the anti-tack agents market into Asia Pacific, which remains the global leader, North America, Europe, Latin America, and the Middle East and Africa. Major national markets within these broad regional segments are examined in further detail, with total size and forecasts provided for the 2015-2023 period.


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