Priyanka Thakare

  • Transcritical CO2 Market to Garner Brimming Revenues by 2023

    Carbon dioxide or CO2 is an extremely important component of our atmosphere and is essential in our existence. It comes with no potential of ozone depletion and nominal potential of global warming. As such, it can be easily understood that carbon dioxide comes with no regulatory liability, just as Hydrofluorocarbon or HFC. Till now, it is not needed to account for the amount that has been used. There is no need for its reclamation as well.

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    CO2 is considered chemically inert, cost effective, not flammable, and environment friendly. In addition, it is used widely in air conditioners, refrigerators, and heat pumps, which adds fuel to the global transcritical CO2 market over the forecast tenure. Transport and thermodynamic properties make it ideal for use in machineries like vapour compression refrigerating appliances and heat pumps. Some of the main reasons that could add to the impetus to the global transcritical CO2 market are listed below

    • Transcritical CO2 systems come with low environmental impact
    • Low cost of operation for the equipment
    • Strict regulations by government for eliminating fluorinated refrigerants

    In recent times, many a research projects have been undertaken regarding transcritical refrigeration of CO2, air-conditioning systems, and heat pumps. Over the last few years, commercialization of Transcritical CO2 heat pump water heaters have increased manifold across the globe. It has acted as a growth factor for the global transcritical CO2 market.  In the year 2019, Cryogium introduced a brand new transcritical CO2 condensing units and double compressor systems. The system came with many properties such as high resistance to weather, accessibility to components, and ease of installation.

    In the global transcritical CO2 market, Europe is likely to dominate throughout the period of review, thanks to its strict regulations pertaining to environmental pollution. In addition, the European Union is targeting lessening of the environmental impact of fluorinated gases through F-Gas regulation.

    Transcritical CO2is an energy-efficient technology that is widely used in refrigeration, heat pump, and air conditioning industries. Most of the refrigeration, air conditioning, and heat generating systems operate under varying climatic conditions. Different chemicals and gaseous mixtures such as NH3, SO2, and hydrofluorocarbons (HFC) have been used in the past few years to cope with climatic variations. However, usage of transcritical CO2technology has resulted in providing improved energy efficiency and minimized problems related to global warming as compared to chemicals and other gaseous mixtures that were previously used.

    CO2is a supercritical fluid that has been considered as a safety refrigerant as it is chlorine-free, non-flammable, and has no ozone depletion potential. Furthermore, it is preferred over other refrigerants as its vapor pressure is considerably higher and its thermodynamic properties change rapidly with variations in temperature and pressure conditions. Transcritical CO2technology is a vapor compression system in which CO2 operates at normal temperature and is primarily required in heat pump and refrigeration systems. Working at normal temperature helps in sustenance and control of critical pressures inside the operating system. Major end-users of transcritical CO2 technology include marine, transportation, household appliance, and food processing industries.

    Growing environmental regulations related to usage of chlorofluorocarbons (CFC) and greenhouse gases (GHG) is expected to drive global demand for transcritical CO2 during the next couple of years.Various chlorofluorocarbons such as carbon tetrachloride, dichlorofluoromethane, dimethyl ether, and ethane are commonly used industrial refrigerants. These CFCs have greater ozone depletion potential as well as global warming potential as the chloride bond present in these compounds interferes with the ozone molecule, thus breaking its molecular bond to give oxygen and chlorine monoxide molecules. This process leads to depletion of protective atmospheric layers and failsto block harmful UV rays of the Sun from penetrating through the layer. Rising awareness about global warming has impeded the alarming necessity for usage of chlorine-free refrigeration and heat pump systems. Hence, demand for transcriticalCO2 technology is anticipated to increase at a faster rate by the end of 2023. Transcritical CO2 technology comprises usage of CO2, which has superior performance characteristics such as zero global warming as well as ozone depletion potential, non-toxicity, and inflammability. Hence, this technology is anticipated to replace other thermal technologies during the forecast period.

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    In terms of demand, Europe and North America held larger share of the global transcritical CO2 market in 2014. Europe is estimated to continue dominating the transcritical CO2 market due to strict governmental regulations as well as abolishment of usage of CFCs. The U.K.followed by Germany, Denmark, France, and Norwayare few major countries in Europe that are likely to depict substantial growth in the transcritical CO2 market by the end of 2023.However, North America is anticipated to be one of the fastest-growing markets for transcritical CO2during the next couple of years due to high demand for energy and cost-saving technologies. Asia Pacific is also likely to depict a similar scenario due to significant growth of end-user applications of the transcritical CO2 market, chiefly heat pumps. Australia and Japan are few of the major consumers of transcritical CO2 in Asia Pacific that are likely to support growth in this region in the next couple of years.Currently, Latin America and the Middle East & Africa are projected to experience steady market growth due to current economic status as well as nascent developing stages of refrigeration and airconditioning industries.

    Some of the key players operating in the transcritical CO2 market include Emerson Climate Technologies, Parker Hannifin Corporation, Green & Cool World Refrigeration AB, andCarrier Commercial Refrigeration.


  • Smart Grid Meter Data Management (MDM) System Market Trends and Growth

    Rapid growth in the global smart grid market is expected to propel growth in the global meter data management (MDM) system market. The increasing deployment of smart meters and advanced metering infrastructure technologies are likely to act as a catalyst to the market’s growth. A meter data management system allows easy information and technology integration of advanced metering infrastructure. It performs long term data storage and captures metering data from advanced metering infrastructure (AMI) head end systems and creates a complete system of record for the metering data. Furthermore, meter data management systems also facilitate the distribution of the meter data across the utilities.

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    The meter data management strategies are influenced by the vision, goals and objectives of smart grid. The meter data management system edits and validates the received data, then normalize, aggregate, and make the data available to IT applications. An MDM system often interfaces to application such as fraud prevention, billing, or outage management. A meter data management platform provides a platform for building service-oriented architectures (SOA) for rapid deployment and low-cost integration of new capabilities. As meter data management systems are the central collection point for the smart meter data several utilities across the globe prefer installation of a single meter data management system. The meter data management system solution includes meter and network asset monitoring and management, smart meter deployment planning and management, automated smart meter provisioning and billing reduction, workforce management system, asset management, meter-to-cash system and other systems.

    The global market for meter data management system is rising and is expected to rise at a significant rate in the future. The market’s growth in the meter data management market is primarily driven by the accelerate deployment of smart meters and advanced metering infrastructure technologies. Additionally, an increased demand for reliable, quality, and safe power further accelerates growth in the global meter data management systems market. The meter data management system further creates an opportunity for distribution utilities to build intelligent applications across the enterprise. Moreover, incentives and efforts from government across the globe are likely to further act a catalyst to the market’s growth. Thus, the market is expected to rise at a significant rate in the future on account of factors mentioned above. However, identifying the role of technology and their value to utilities coupled with lack of robust standards for functionality and communication may hamper growth in the market. Furthermore, incomplete or immature service-oriented architectures at utilities rolling out the smart meters and advanced metering infrastructure may act as a barrier to the growth in the global meter data management systems market.

    The global meter data management market is expected to register a significant growth in the future. Presently, North America driven by the on-going rapid deployment of smart metering technologies holds the largest market for meter data management system. Europe is a key region facilitating growth in the global meter data management market. The market growth in these regions is driven by support from government in the form of research and development of advanced metering infrastructure and other smart grid technologies. European Countries such as the UK and Germany are expected to drive the growth of this market. Ample growth opportunities exist in the meter data management market with a significant rise in the deployment of smart meters and other smart grid technologies.

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    Some of the key market players in Smart Grid Meter Data Management (MDM) Systems market are Aclara, Hansen Technologies, Oracle, Ecologic Analytics, eMeter, OSIsoft, MDUS, and SAP MDUS among others.


  • Transfer Switch Market Size, Analysis, and Forecast Report 2023

    A transfer switch is an electrical equipment that switches load between two power sources such as utility power and generator power. Transfer switches are available in the manual or automatic forms. Transfer switches provide quick transition between two or more power sources which helps in uninterrupted power supply if any of the power sources goes off.

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    The global transfer switch market is very mature and has grown significantly since its inception. Transfer switches are used in various industrialand residential setups. Transfer switches are also available in automatic mode which has further improved its usage and practicality. Transfer switches have a huge market in Asia Pacific, North America and Europe. Middle East, Latin America and Africa also have a growing transfer switch market.

    The global transfer switch market can be segmented on the basis of type, transition mode, and geography. The different types of transfer switches include automatic transfer switches and manual transfer switches.Automatic transfer switch constantly monitors the supply power and instantly switches when it senses shortage or variation in power. Automatic transfer switches are most commonly used transfer switches.In manual transfer switch, an operator effects the transition by changing a switch. Transfer switches are segmented on the basis of various transition modes such as open transition, closed transition, delayed transition, and soft load transition. An open transition transfer switch breaks contactwith one source of power before it makes contact with another source of power. Whereas, closed transition transfer switches simultaneously makes contact with another power sources before breaking from it. Closed transition transfer switches are useful for applications requiring zero interruption of power.  Delayed transition transfer switch disconnects from one source and then pauses before it connects to the alternate source. Soft loading transition transfer switch synchronizes generator power with the utility power before switching between alternate power sources.

    Asia Pacific including countries such as Japan, South Korea, India and China has the largest market share of global transfer switches. Developing countries such as China and India are boosting the transfer switch market.North America and Europe also have a huge market for transfer switches. Countries such as the U.S, Germany, U.K, France and Canada have huge market share of transfer switch market. Middle East, Latin America and Africa are expected to have a decent share of transfer switch market in the coming decade.

    The demand for transfer switches is growing due to abundant applications in different end use sectors. Global transfer switch market growth is reliant on the growth of power utilities and generator backed power supply.Transfer switches are used in industrial, commercial and residential facilities. Industrial usage of transfer switches is very high. Thus, growing industrial, commercial and residential activities will further boost the demand for transfer switches. In developing countries, power distribution infrastructure is still not perfect, which has led to rise in demand for transfer switches in these countries.  However, lack of awareness among developing regions and the need for regular maintenance could hamper the growth of transfer switch market. Rising demand for uninterrupted power and adoption of smart grid technology across the globe provides a good growth opportunity for transfer switch market. Hence, excellent growth trajectory is predicted for transfer switch market during the forecast period.

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    Some of the key players in transfer switch market areABB Ltd., General Electric, Cummins Inc., Emerson Electric Company, Eaton Corporation Plc., Kohler Power Company, Marathon Thomson Power System, and Generac Power Systems Inc., among others.


  • Liquefied Natural Gas (LNG) Carrier Market to Witness Exponential Growth by 2023

    Due to increasing population and improved standard of living, demand for energy is growing globally. Trading of natural gas is expected to grow at speeding rates. Gas reserves are unevenly distributed across the globe.  On the other hand demand is expanding in every corner of the globe which makes transportation of natural gas a serious prerequisite.

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    With the cryogenic liquefactions LNG is created which reduces the volume of gas as compared to its original volume, making it viable to transport in a specialized LNG carrier. The most opportune way to carry natural gas is a pipeline which is subdivided into offshore and onshore pipelines where onshore is for medium to short distance and offshore for long distance. Other means of carrying LNG is through vessels. The oldest LNG carrying technology Moss-Rosenberg containment system (commonly known as Moss) is still in use for new vessel construction. The second type of large-scale LNG carrying technology is the membrane technology.

    The segmentation of LNG carrier market is on the basis of the demand and supply of LNG. The main exporters of LNG are Africa, Qatar, Malaysia and Australia. The main importers are Japan, China and South Korea. In North America, United States is expected to export shale gas owing to huge domestic production. In spite of Japan being concerned over environmental issues, pattern of increment in consumption of LNG in power sector can be seen in recent years. Australia, the United States, and Russia are key countries that will lead world LNG trade growth over the next few years. China and India are likely to come forward as key sources of prospects for natural gas consumption growth and hence affect demand for LNG carriers.

    Increasing natural gas demand globally as various gas reserves are still unexplored. Natural gas is considered to be fuel of the 21st century; improvement in design of carriers is the key driver in the LNG carrier market. Restraints of LNG carrier market are infrastructure issues and Supplies from North America and Russia. Due to geopolitical issues LNG supplies to Asia Pacific are endangered as Russia and North America are the key suppliers.  China is capable enough to diversify its natural gas supply from other countries and not become excessively dependent on countries that are politically sensitive. Natural gas prices vary radically between budding buyers and sellers of LNG. LNG Carrier Demand is subjected to Natural gas quantity and prices transported by pipelines. Value of LNG carrier market is expected to increase exponentially in coming years resulting in an immense opportunity. LNG carrier market is expected to experience the growth in coming years reaching record creation of vessel output and capital expenditure. With the expansion of both LNG export and import infrastructure and very strong supply-demand dynamics of natural gas market, more LNG carriers are required.

    Natural gas discoveries in North America are leading to LNG export terminal expansion on the continent. In addition to such terminals planned in Australia, will create more supply routes that need to be serviced by LNG vessels. Underpinning all this investment in LNG carriers is the significant arbitrage opportunity that exists between supply and demand markets. As the LNG spot market expands, a larger and more flexible LNG carrier fleet will be required. There is also a justifiable interest in smaller LNG carriers as the economics of transporting LNG to isolated areas for power creation or for use as a transportation fuel improves.

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    Leading Operators in LNG carrier market areShell Royal Dutch plc, NYK Lines, Mitsui O.S.K. Lines, Ltd., MiscBerhad, Teekay Corporation, Maran Gas Maritime Inc., Golar LNG Limited, BW Group, GasLog Ltd, and Kawasaki Kisen Kaisha, Ltd., among others.Leading shipbuilders in the LNG carriers includeDSME Co., Ltd., Hyundai Samho Heavy Industries Co., Ltd., STX Offshore & Shipbuilding Co. Ltd, Samsung Heavy Industries Co. Ltd., Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.,Kawasaki Heavy Industries, Ltd., and Mitsubishi Heavy Industries, Ltd., among others.


  • Industrial Enzymes Market to Set Phenomenal Growth by 2025

    Growing strategic planning by key players is expected to bolster growth in the global industrial enzymes market. Leading players in this market are getting involved in partnership, mergers, and acquiring small or medium companies operating in same or similar market to strengthen their position in the market. They are also using advanced technologies to provide better and advanced products to their customers. More importantly, these players are using cutting-edge technology platforms to meet the growing demand from various industries. Furthermore, large number of players are entering into collaborations to boost production of industrial enzymes and gain a competitive edge over their rivals. According to the report, few of the key players in the global industrial enzymes market are Novus International Inc., Koninklijke DSM N.V., AB Enzymes GmbH, E.I.du Pont de Nemours and Company, and Associated British Foods (ABF) plc.

    As per the analysts’ at Transparency Market Research foretell that the global industrial enzymes market is likely to witness high growth by progressing at steady 8.8% CAGR between 2017 and 2025. By rising at this growth rate, the market is expected to earn revenue of US$12.84 bn by the end of 2025. In 2016, the market was valued at US$6.06 bn

    In the global industrial enzymes market, the demand in the proteases and carbohydrases segments is high. Together these two segments hold dominant share in the market. Increasing demand for proteases and carbohydrases in the animal feed and food and beverages industries is responsible for growth of these segments. On the regional frontier, developed regions are leading the market, as there is a huge investment in the food and beverages industries. On the other hand, Asia Pacific market is also considered as a fastest growing regional market that will boost the growth in the global industrial enzymes market.

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    Widespread Applications of Industrial Enzymes to Augment Market Growth

    The global industrial enzymes market is expected to rise significantly in the coming years due to increasing applications in various industries. Especially talking about the pharmaceutical sector, industrial enzymes are used in producing high-quality cost-effective products. And in the food and beverages industry, industrial enzymes are used while making bakery products, wine making and brewing, fruit juices, and cheese. Moreover, increasing investment in food and beverages industry is likely to bolster demand in this market.

    Even in the personal care products, industrial enzymes are used for preparing toothpaste, skin repair creams, whiteners, and mouthwashes. Considering all these factors, the global industrial enzymes market is projected to grow considerably. Furthermore, growing demand for packaged food and processed food across various regions and increasing demand for bio-fuels are likely to push growth in the global industrial enzymes market.

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    Strict Regulations Policies Challenges Easy Adoption of Industrial Enzymes 

    Even though, various driving factors are expanding the global industrial enzymes market, some restraints could hamper growth in this market. Strict regulations policies are one of the major restraining growth in the global industrial enzymes market. Moreover, lack of transparency in patent protection laws might further obstruct the market performance. Adding further, industrial enzymes only function under a particular ph level and temperature that also somewhere limits growth if industrial enzymes.


  • Dimethyl Ether Market Size to Expand Significantly by the End of 2025

    For almost two decades, governments and global bodies have been mulling the need for biofuels that can be a feasible replacement for fossil fuels. Consistent research efforts coupled with financial aids from policy makers and oil companies, several biofuel products have entered the market recently. And, it is on the behest of this trend that the global dimethyl ether market is expected to soar at 9.6% CAGR between 2017 and 2025, finds a recent report by Transparency Market Research report.

    There are two aspects that support the use of dimethyl ether in the biofuels industry. One – the lower amount of carbon emissions when burnt, and two – the availability of it both synthetically and through natural resources. With these advantages, it allows end-users to opt for dimethyl ether from channels that suit best for their requirements, creating multiple growth avenues for the global dimethyl ether market. TMR analysts predict that the global dimethyl ether market will reach US$ 9,868.1 mn by 2025 riding on the opportunities from biofuel manufacturers.

    The competition in the global dimethyl ether market will predominantly be defined by the ability to provide quality products and capacity to meet growing demand. A fertile battleground, most players will be looking at adopting new technology and roping in a larger workforce for the factory floor and a small pool of strategy makers to stay ahead in the league.

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    Favorable Policy and Transport Sector to Sustain Demand 

    As many as 195 countries across the world have signed the Paris Agreement in 2015, an effort to bring down carbon emissions, and eventually strive to control climate change. While every signatory has to play its part, it is the prominent nations like the U.S., India, China, the U.K. France, Germany, etc. that contribute to more than 50% of the total carbon emissions annually. As a result, most of these nations have set stringent targets to bring down their share of carbon footprint, and to achieve them, they have introduced policies that support the use of natural products. One among them is biofuels. It is these favorable policies that will help sustain growth in the global dimethyl ether market.

    On the other hand, the automotive sector too will bestow promise for growth in the coming years. Several car manufacturers across the world are exploring options of hybrid models that run on both diesel and bio-diesel. As efforts to sustain energy requirements from renewable sources gather prominence and receive incentives from government, the demand for dimethyl ether to make biofuels will grow. It is will be prudent for players in the global dimethyl ether market to capitalize on every significant opportunity in the biofuels market.

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    Pharmaceutical and Research Industry to Remain Equally Important 

    While the dimethyl ether market gains prominence from the fresh opportunities opened in the biodiesel market, it is important to note that it is pharmaceutical industry and the scientific fraternity that has sustained the demand for decades. With awareness, investments, and improving research infrastructure, it is evident that the volume of research focused on healthcare and pharmaceutical products will increase in the coming years. At the same time, as biotechnology and allied fields gain importance and research activities in these fields too become prominent, the demand in the global dimethyl ether market will improve.


  • Fuel Oxygenates Market Set to Garner Staggering Revenues by 2024

    Global Fuel Oxygenates Market:  Snapshot

    Fuel oxygenates are long chain mixes which high value of oxygen and can supply or discharge oxygen for ignition, or fuel. Fuel oxygenates are atoms wealthy in oxygen like Alcohol and Ether bunches which are wealthy in oxygen and consequently can help in simple burning. Fuel Oxygenates encourages prompt discharge oxygen in this way supporting in quick fuel ignition. Fuel oxygenates are utilized broadly in car enterprises particularly sports motors who need fast fuel ignition rate when contrasted with different models. Fuel oxygenates exist in different structures. This benefits is major reason that is boosting the growth of global fuel oxygenates market these days. 

    Factors that are Boosting the Growth of Global Fuel Oxygenates Market are:

      • Expanded roadways transportation including impressive utilization of gas based vehicle armada thusly is relied upon to impel the Fuel oxygenates showcase. The expansion in half breed autos will moreover fire the development of fuel oxygenates market, as biofuel is the supreme need of cross breed vehicles.
      • As per fills Europe/EMISIA half and half vehicles represented 2.1% of new autos in the market, cross breed vehicles have fuel oxygenates as fuel. European Commission’s effect evaluation on CO2 models for autos claims the interest of oil vehicles will diminish in the coming years, which fill increment the quantity of mixture autos and that will impel the ether fuel oxygenates market.
    • Different mechanical headway have been done in the field of biofuels, new and better fuel oxygenates have been presented like Bio-MTBE, which is produced using waste or buildup, this is more eco-accommodating and government and numerous associations may look towards specific improvements and offer some kind of reparation, this will help the fuel oxygenates market to increment.

    Fuel Oxygenates Market: Overview

      • Fuel oxygenates are chemical compounds comprising oxygen atom in a chain of carbon and hydrogen atoms
      • Fuel oxygenates are alcohols and ethers including ethanol fuel, methyl tertiary butyl ether (MTBE), ethyl tertiary butyl ether (ETBE), and tertiary amyl methyl ether (TAME)
      • Rise in popularity of fuel oxygenates among wholesalers & distributors and increase in awareness of fuel oxygenates among vehicle owners are the factors driving the global fuel oxygenates market
      • Technological advancements such as 100% bio-ether production, ternary blending, and conversion of tertiary amyl methyl ether (TAME) to tertiary amyl ethyl ether (TAEE) are anticipated to drive the global fuel oxygenates market during the forecast period
      • Regulations such as Renewable Energy Directive and Fuel Quality Directive and legislation related to cars and transport are likely to be the main factors responsible for stimulating fuel oxygenates market in the near future

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    Fuel Oxygenates to Offer Lucrative Opportunities in Automobile & Transportation Industry

      • In terms of end-use industry, the fuel oxygenates market can be divided into automotive & transportation, aerospace & defense, industrial equipment, and others. The automotive & transportation segment is estimated to hold major share of the global fuel oxygenates market in the near future.
      • Fuel oxygenates are widely used as octane enhancers of gasoline to augment fuel economy and to reduce hazardous emissions, especially carbon monoxide. Therefore, they are highly preferred by car owners.
      • Fuel oxygenates are gaining popularity among fuel additives in the additives aftermarket, as they contribute in significantly reducing the CO, SOx, HC, and particulate vehicular emissions. This is expected to propel the fuel oxygenates market during the forecast period.
      • Gasoline treated with fuel oxygenates tends to produce smaller and less abrasive particles during the combustion process. This results in cleaner and longer lasting engine oil. Fuel oxygenates extend engine oil life by reducing engine wear and lessening maintenance time. Therefore, they are widely recommended by auto-engine makers through several marketing channels.
    • Demand for fuel oxygenates in the automobile & transportation industry is anticipated to increase in the near future due to their exceptional characteristics such as carbon deposit removal, decrease in fuel consumption, reduction in harmful emission, and increase in engine oil life

    High Demand for Green Technologies to Boost Fuel Oxygenates Market

    • Increase in adoption of green technologies in manufacturing of fuel oxygenates is anticipated to boost the global fuel oxygenates market
    • Emergence of fuel oxygenates based on bio feedstocks to reduce the smog forming precursors such as VOCs emitted from cars is propelling the demand for fuel oxygenates in the automotive & transportation industry
    • Bio-ether based fuel oxygenates enhance the quality of fuel by curtailing CO2 emissions across their life cycle and deliver superior balance between the high-speed and low-speed octane numbers (Motor Octane Number {MON} and Road Octane Number {RON}) that are required by modern cars
    • Therefore, demand for green fuel oxygenates is expected to increase rapidly in the next few years as they reduce fuel consumption, maintenance costs, and exhaust emissions
    • Rise in demand for green fuel oxygenates in transportation, vehicle fleets, cargo shipping, automotive, industrial, and commercial industries is projected to drive the global fuel oxygenates market

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    North America Projected to Account Dominate Share of the Global Fuel Oxygenates Market

    • In terms of region, the fuel oxygenates market can be segmented into five prime regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
    • North America and Europe accounted for substantial share of the global fuel oxygenates market in 2018
    • In terms of region, North America is a leading consumer of fuel oxygenates, followed by Europe and Asia Pacific. Increase in demand for fuel oxygenates as fuel additives in developed economies such as the U.S., the U.K., and Germany is expected to boost the demand for fuel oxygenates during the forecast period. Furthermore, North America is a major producer of fuel oxygenates in the world. Countries such as the U.S. and Germany have a strong distribution network of fuel oxygenated products to meet the growing needs of consumers. The U.S. manufactures substantial amount of fuel oxygenates and exports it to Europe and Asia.
    • The market in the Asia Pacific region is anticipated to expand at a rapid pace during the forecast period, due to the increase in awareness about fuel oxygenates among consumers in this region. Rise in demand for fuel oxygenates in Asia Pacific has encouraged fuel additive manufacturers in China to establish new production lines. This is likely to boost the demand for fuel oxygenates in the country in the next few years.
    • Advancements in fuel additive ingredients & compositions and the advent of manufacturing technologies are estimated to drive the demand for fuel oxygenates in Asia Pacific in the near future
    • Increase in Foreign Direct Investments (FDIs) in the oil & gas industry in developing economies of Asia Pacific is also a key factor that is anticipated to drive the fuel oxygenates market in the region during the forecast period
    • The fuel oxygenates market in Middle East region is projected to expand at a rapid pace during the next few years, owing to the rise in upstream and midstream activities in the oil & gas industry

    Key Players in Market

    Key players operating in the global fuel oxygenates market focus on distributing their products through strong distribution channels in order to capitalize the market share. Prominent players operating in the fuel oxygenates market include:

    Rise in adoption rate of electric vehicles among consumers is anticipated to hamper the fuel oxygenates marketFuel oxygenates are primarily used as fuel additives to enhance the octane number in reformulated gasoline, oxygenated fuel, and premium grades of unleaded gasoline

    • Evonik Industries
    • Fluor Corporation
    • LyondellBasell
    • Panjin Heyun Industrial Group Co., Ltd
    • PETRONAS Chemicals Group Berhad
    • ProTec International, USA
    • Qatar Fuel Additives Company
    • Royal Dutch Shell plc
    • Saras S.p.A.
    • Saudi Basic Industries Corporation (SABIC)
    • Sibur International
    • Wanhua Chemical Group Co., Ltd

  • ISO Tank Sheet Linings Market Projected to Garner Significant Revenues by 2027

    ISO Tank Sheet Linings Market: Overview

    • In the modern world, international transportation has become essential, as a majority of food, chemical, and pharmaceutical industries are using ISO tanks and vessels for storage and transportation purposes
    • A tank or container designed and built in accordance with the standards of International Organization for Standardization (ISO) is known as an ISO tank. An ISO tank provides a sturdy, safe, and user-friendly mode of loading, carriage, transportation, shipping, and discharge of chemicals of different grades, adhering to the international norms and regulations of safety.
    • ISO tanks are specifically designed to transport bulk liquids, hazardous and non-hazardous chemicals, acids, industrial and edible oils, juice concentrates, wines, and raw materials

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    Rise in Demand for Corrosion-resistant Linings/Coatings for Chemical Transportation

      • Demand for ISO tank sheet linings is gaining momentum, owing to their high chemical resistance. These sheet linings demonstrate excellent inertness to various chemicals and biological environments as well as hydrophobicity and lipophilicity. These linings are reliable; they protect tanks from corrosion; maintain purity; and extend the life of equipment. Thus, ISO tanks with sheet linings eliminate the need for metal construction, which is expensive.
      • Polyvinylidene fluoride and fluoropolymer sheet linings are widely used. These sheet linings are applied in transportation tanks and vessels, as they are reliable; they protect tanks from corrosion; maintain purity; and extend the life of equipment.
    • Sheet linings also improve the operational performance and safety level of aircraft and automobiles. They also lower the risk of fire in high-rise buildings. Furthermore, they help reduce pollution.

    Key Drivers of ISO Tank Sheet Linings Market

    • Increase in the bulk foreign trade of chemicals, food additives, and liquids is boosting the demand for ISO tank sheet linings market. ISO tanks are highly preferred in the global trade, due to their capability to transport materials by trucks, railroads, and airplanes easily. Moreover, ISO tanks with sheet linings meet all requirements about transportation of hazardous chemicals, food products, and raw materials.

    Key Restraints of ISO Tank Sheet Linings Market

    • One of the key drawbacks of ISO tank sheet linings is their higher price compared to epoxy coatings. Epoxy coatings are economical and they are widely employed for industrial coating purposes. However, epoxy coatings are not preferred in the transportation of specialty chemicals, hazardous chemicals, and chemical raw materials.

    Asia Pacific Expected to Hold a Major Share of Global ISO Tank Sheet Linings Market

    • Geographically, the global ISO tank sheet linings market can be divided across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
    • The market in Asia Pacific is expected to expand at a significant pace during the forecast period, due to growth in international trade in the region
    • China is estimated to be a major consumer and producer of ISO tank sheet linings in Asia Pacific in the near future. In terms of production, the markets in Japan, South Korea, and India are anticipated to witness strong growth, due to rise in the demand for ISO tank sheet linings for import and export purposes.
    • The market in North America is projected to expand at a significant pace during the forecast period
    • The ISO tank sheet linings market in Europe is likely to expand at a stable pace during the forecast period. Also, the markets in Latin America and Middle East & Africa are expected to expand at a sluggish pace during the forecast period.

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    Key Players Operating in the ISO Tank Sheet Linings Market:

    The global ISO tank sheet linings market is highly concentrated, with the following top companies operating in the market:

    • Electro Chemical Engineering & Manufacturing Co.
    • NICHIAS Corporation
    • Valqua NGC, Inc.
    • Plasticon Composites
    • Allied Supreme Corp.
    • Sigma Roto Lining LLP
    • FISHER COMPANY
    • Edlon
    • US Coatings
    • Salem-Republic Rubber Company
    • RTP Company
    • PROFUSION INDUSTRIES

  • Valve Remote Control System Market Estimated to Expand at a Robust CAGR by 2027

    Valve Remote Control System Market: Development in Reliability of Marine Industry

      • The valve remote control system have proven its reliability in the oil & gas and marine industry over a period of time and offers an electro- hydraulic, pneumatic  and hydraulic version of the system
      • Valve remote control system is a device that uses pneumatic pressure, electricity, or hydraulic oil pressure as fuel for operation. The system achieves remote centralized control and displays position of valves of a piping system through a control console.
    • These systems help meet the needs of oil & gas and marine industries, and the latter’s customers according to industrial standards. Valve remote control systems are built on a cost-effective modular design, which offers high degree of customization and delivers performance on all the verticals.

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    Design, Automation, Hazard Control, and Other Functional Requirements

      • The valves are completely controlled from a remote control station and work according to the given instructions
      • The control station is provided with arrangements having total opening and closure or partial opening of valves. The red light denotes full closure of the valve, while green denotes full opening of valves.
    • In remote control valve system, the functions are set by pressure switch on hydraulic piping and the valve position signals are set by the positive displacement valve position indicator or flowmeter
    • Valve remote control systems are designed on fail-safe principle. The alarm signals are sent in case of system failure and in such case the valves remain in the position required by the system. A separate failure monitoring and alarm function is provided in the system. This provides operational safety with minimum breakdown/failure of systems. 

    Key Drivers of Valve Remote Control System Market 

      • The valve remote control system market has been expanding primarily due to the increase in demand for automation and predictive maintenance in the marine industry. The marine industry comprises large number of pumps and valves arrangement. Operating them manually at specific time is a tedious job; hence, automation of valves is necessary.
      • Valve remote control system controls the overall operation of the system with ease and also keeps check on the life of the valve for maintenance purpose
    • These systems are employed on a large scale in the oil & gas industry, as the industry is prone to accidents. Hence, valve remote control systems are employed to a keep a check on the systems and avoid accidents and breakdowns.
    • Increase in water trade activities in order to meet the rising need of industrialization and population in all the major developing nations is likely to boost the global valve remote control system market 

    Key Restraints of Valve Remote Control System Market

    • High installation cost of valve remote control system is the major drawback faced by customers.
    • The customers in developing countries are taking into consideration the high installation cost and hence this is acting as one of the major restrain.

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    North America Expected to Hold the Lion’s Share of the Global Valve Remote Control System Market 

    • Geographically, the global valve remote control system market can be split across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
    • Increased demand for automation is expected to drive the installation of valve remote control system. In North America, several plants have started automating the system to increase reliability and safety of marine as well as oil & gas operations.
    • The market in Asia Pacific is anticipated to expand at a rapid pace, due to the growth in the manufacturing sector and import by sea among neighboring nations in the region
    • North America and Europe are likely to hold considerable share of market during the forecast period
    • Latin America is expected to account for small share of the global valve remote control system market 

    Key Players in Market 

    The global valve remote control system market is highly concentrated with top companies accounting for major share of the market

    • Wärtsilä
    • Emerson Electric Co.
    • Nordic Group Limited.
    • Rotork
    • DanUni Marine & Offshore A/S.
    • KSB Korea Ltd
    • Cyclotech
    • BFG Marine, Inc.
    • Selma
    • Scana Skarpenord AS

  • Electric Double-layer Capacitors Market to Register Substantial Expansion by 2027

     

    Electric Double-layer Capacitors Market: Introduction

    • A capacitor is a two-terminal passive electrical component, employed to store energy electrostatically in an electric field. It is a widely used in electrical circuits for various electrical devices, especially the electric double-layer capacitor.
    • Electric double-layer capacitors are commonly known as gold caps, ultra capacitors, or super capacitors, is an energy storage device which have high capacitance than other capacitors or batteries. They have high power capacity, fast charging options, and longer life cycle as compared to those of batteries.
    • Electric double-layer capacitors are widely associated with batteries, as they are an ideal source of back-up and peak-power.
    • In an electric double-layer capacitor, the electrostatic charge is stored by splitting positive and negative charges; therefore, they chemical reaction is not used to store energy.
    • The energy store capacity of a typical capacitor is measured in nano or micro farads, while an electric double-layer capacitors can be rated in farads.
    • An electric double-layer capacitor consists of two different types of constructions; the first is the stacked form, while the other is the wound construction form.
    • The wound type has similar construction to that of an ordinary radial electrolytic capacitor. These capacitors are available with maximum cell voltage between 2.1V & 3V and capacities up to 3400F can be achieved with these cells.
    • The stacked type offers voltage of 5.5V by integrating cells in a row and is available with capacities up to 1.5F, these are mostly used in real-time clock (RTC) applications.

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    Key Drivers of Electric Double-layer Capacitors Market:

    • The increase in government regulations concerning carbon emissions, along with growing adoption of graphene and carbon nanotube electric double-layer capacitors (EDLCs), is a major factor that is expected to drive the growth of the electric double-layer capacitors market.
    • Evolving green energy applications, advancements in electric double-layer capacitor technologies, improving price/performance ratios, and growing new applications across several industries are driving the electric double-layer capacitors market.

    Benefits of Electric Double-layer Capacitors:

    • Electric double-layer capacitors have number of benefits such as fast charge and discharge cycles.
    • They have long operating life of over one million cycles and can be used for operating in harsh environments.
    • The electric double-layer capacitors can be used in a series & parallel connections, have zero maintenance and also have a wide operating temperature range.

    Button Type Capacitors in Product Type Segment to Offer Attractive Opportunities:

    • The global electric double-layer capacitors market can be segregated in terms of product type, application, and region.
    • Based on product type, the electric double-layer capacitors market can be divided into button type, flat type, radial type, and others. The button type capacitors are used in backup of complementary metal-oxide-semiconductor-CMOS microcomputers, memory backup, metering, etc.
    • The flat type capacitors are employed in barcode scanners, personal locators (GPS/GSM), and wireless modems, while the radial type capacitors are used in toys, solar battery operated circuits, emergency lights, and garden lights. The others segment consists of screw type, snap-in type, and modules.
    • In terms of application, the electric double-layer capacitors market can be divided into consumer electronics, industrial, automobile, and others.

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    Asia Pacific Expected to Hold Significant Share in the Global Electric Double-Layer Capacitors Market:

    • Based on region, the global electric double-layer capacitors market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
    • North America is expected to lead the global electric double-layer capacitors market
    • Upgradation of old transmission power grids increased penetration of electric vehicles, and the rising need for wireless chargers for vehicles are some of the factors that are expected to impact the electric double-layer capacitors market growth in North America.
    • The U.S., is the major market in North America where most people buy consumer electronics on a regular basis. Smartphones, tablets, portable speakers, and AI-assisted electronics are experiencing high growth in the region.
    • The electric double-layer capacitors market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the presence of large number of electrical and electronic companies operating in countries such as China, Japan, and India.
    • Europe is expected to account for large share of the global electric double-layer capacitors market.
    • Latin America and Middle East & Africa are likely to account for small share of the electric double-layer capacitors market.

    Key Developments:

    • In April 2018, CAP-XX develops a 3 Volt thin prismatic capacitor. The company is expected to deploy its 3V technology first in thin prismatic form to meet the demand for small, inexpensive, energy-efficient power solutions for thin wearables, key FOBs, and other IoT devices

    Key Players Operating in the Market:

    Demand within electric double-layer capacitors market is highly concentrated with top producers accounting approximately 45-50% of the market. Few of the key players operating in the electric double-layer capacitors market include

    • MAXWELL TECHNOLOGIES, INC.
    • Panasonic Corporation
    • TOKIN Corporation
    • Murata Manufacturing Co., Ltd.
    • LS MTRON LTD.
    • Nippon Chemi-Con Corporation.
    • ELNA CO., LTD
    • NICHICON CORPORATION.
    • Rubycon Corporation
    • AVX Corporation
    • VINATech Co.,Ltd.

  • Global Spray Adhesives Market to Undertake Strapping Growth by the End 2027

    Global Spray Adhesives Market: Overview

    Spray adhesives are utilized in the form of droplets and are broadly substituted for tape glue, hit glue and white glue. This is because of its properties, for instance, quick, forceful track for a robust bond, and moisture and heat resistance. These spray adhesives wet the base of the joining surfaces and consistently transfer loads between the blended surfaces to improve better and more grounded holding. These adhesives can likewise contain volatile organic compounds (or VOCs), which are radiated amid its application.

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    Spray adhesives are utilized as a part of transportation, development, and furniture industries. In the transportation business, they are utilized as a part of interiors and upholstery applications in vehicles, air ships, and ships. In construction, spray adhesives are significantly utilized as a part of ground surface and material applications. Spray adhesives are likewise utilized as a part of bundling, material, and expressions and artworks.

    The report offers a distinctive evaluation of the global spray adhesives market, taking into account its growth factors, restraints, and potential business prospects.

    Global Spray Adhesives Market: Trends and Opportunities

    Directions from nearby and national legislatures of various regions, for instance, North America and Europe have fixed the emanation levels for VOCs. For instance, in the U.S., the EPA has certain points of confinement for discharge of VOCs in adhesives in the states of California, Illinois and Virginia. Correspondingly, the European Commission and nations, for instance, Germany and France likewise have their own particular directions controlling the emanation of VOCs from adhesives.

    The surge in advances in the automotive in India is a huge driving element that is anticipated to uplift the product popularity in the forthcoming years. Inferable from the ‘Make in India’ activity, the assembling yield of business and traveler vehicles is slated to increment later on. This thus is evaluated to impel the utilization of quick dry and high tack pastes for use in car inside segments throughout the years ahead. Additionally, the innovative achievement in the field of hot melts and low VOC mixes is evaluated to offer lucrative opportunities for growth in the market in the future.

    Global Spray Adhesives Market: Geographical Analysis

    Geographically, North America is anticipated to lead the global spray adhesives market over the duration of forecast. Europe, Asia Pacific, Latin America, Middle East & Africa are expected to follow suit subsequently. Asia Pacific is foretold to witness a swifter rate of growth due to the boom in construction and automotive industry using solvent and hot melt-based adhesives. China is projected to be the largest market for spray adhesives in the region, while the market in India is supposed to showcase highest growth CAGR. The increasing disposable incomes of people coupled with rising urbanization in the region is propelling the automotive, construction, and furniture sectors resulting in an increased demand for spray adhesives.

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    Global Spray Adhesives Market: Companies Mentioned

    Vendors participating in the spray adhesives market are investing in upgrading their product portfolios and better their distribution networks. Strategies of mergers & acquisitions, expanding to emerging regions along with novel product development are predicted to be used by and large. For instance, H.B. Fuller Company acquired the industrial adhesive business assets of Wisdom Worldwide Adhesives early 2017. Also, Bostik SA acquired US-based company XL Brands. In the same year, Bostik opened a new production facility in India for production of hot melt pressure-sensitive adhesives.

    Key player of the global spay adhesives market include Genkem, 3M, Wisdom Adhesives Worldwide, Henkel AG, Indasol, Power Adhesives and H.B. Fuller.


  • Potassium Hydrogen Sulfite Market to Record an Exponential CAGR by 2027

    Potassium hydrogen sulfite is also known as potassium bisulfite (KHSO3). This colorless to white hygroscopic crystalline powder is used as a sterilizing agent in the production of alcoholic beverages. Potassium bisulfite is end product by the reaction of sulfur dioxide and potassium carbonate salts. The sulfur dioxide is passed through a solution of the potassium carbonate to completely eliminate the carbon di oxide from the salt solution. The concentrated solution is allowed to crystallize to give it a powdered form. Potassium hydrogen sulfite is used to preserve foods & beverages such as fruit juices, squashes, and several types of fruits.

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    The use of the potassium hydrogen sulfite is approved by the U.S. Food & Drug Administration. In the food & beverage industry potassium hydrogen sulfite acts as an antioxidant and is used as a preservative. In the pharmaceutical industry, large doses of potassium hydrogen sulfite are acceptable as they get rapidly oxidized to sulfates. Potassium hydrogen sulfite is used in oenology (study of wines)

    The global potassium hydrogen sulfite market has been segmented based on grade, type, application, and region. In terms of grade, the global market has been segregated into food grade, photo grade, and technical grade. Based on type, the market has been divided into liquid and powders. Potassium hydrogen sulfite in solution form containing more than 15 pp 100 (m/v) of sulfur dioxide; therefore it must not be stored at low temperatures to avoid the risk of crystallization. In terms of application, the potassium hydrogen sulfite market has been categorized into chemicals, pharmaceutical, leather, photography, food & beverage, wastewater, textiles, and paper & pulp.

    In terms of region, Europe is the dominant region which is using potassium hydrogen sulfite in the beverage industry. Countries such as Italy, Spain, France, and Germany are popular for their wine. Increasing demand for ready-to-eat food products is propelling the potassium bisulfite market in North America. The potassium bisulfite market in Latin America is expected to expand in the near future. The leather industry in Brazil and Argentina has made an overall development being responsible for 4.4% of world leather production. This, in turn, is increasing the demand for potassium hydrogen sulfite as a leather processing chemical. Potassium hydrogen sulfite is used to make the leather products softer, wearable, waterproof, and long-lasting. The potassium hydrogen sulfite market in Asia Pacific is expand due to its use in the beverage industry. Demand for potassium hydrogen sulfite is increasing in countries such as Australia, India, and China owing to the increasing usage in the food industry.

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    Key players operating in the global potassium hydrogen sulfite market include Aditya Birla Chemicals Thailand, Akos Consulting & Solutions, Tractus, Wubei-Biochem, Sigma-Aldrich Co. LLC., Chemtex Speciality Limited, and  BASF SE.


  • Silicone Sealants Market : Segments, Leading Player, Application & Forecast Analysis By 2020

    Global Silicone Sealants Market: Overview

    Silicone sealants are viscous materials that find valuable use as sealants in various industry verticals. These sealants are not the same as common adhesives; they differ in elasticity and strength. The sealants, when applied between substrates with different elongation rates under pressure or thermal expansion coefficients, need satisfactory elongation and flexibility. Silicone sealants typically also hold inert fillers and are formulated in conjunction with an elastomer to deliver the required flexibility and elongation. Silicone rubber elastomers, for instance, are widely used as sealants in construction, automotive, industrial, and consumer applications.

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    This report is a spread of all key trends currently affecting the global silicone sealants market, along with its drivers and restraints. The report offers projections for the global silicone sealants market as it is expected to be over the coming years. Key frames of analysis of the market include data on its recent developments, expressed through methodologies such as Porter’s five force model analysis and a SWOT analysis for the leading players. The report also comprises a review of the global silicone sealants market and its micro and macro influences that are vital for current players as well as hopeful entrants.

    Global Silicone Sealants Market: Trends and Opportunities:

    The global silicone sealants market has been developing at a significant pace thanks to its high rate of application for end user from packaging, automotive and construction. The increasing number of environmental concerns linked to synthetic sealants and adhesives has pushed the manufacturers to focus more on the bio-based alternatives and the development of these products. Polyurethane and silicone sealants have so far accounted for the top spots in terms of volume consumed. Silicone sealants are expected to see the fastest growth over the coming years, primarily due to rising levels of product innovation, thereby leading to an overall growth in their applications in the industries of packaging and automobile, where silicone sealants are consumed in high volumes for the purpose of protection and lamination.

    The rising demand for sealants by the swiftly expanding construction industry is expected to boost the global silicone sealants market over the coming years. Silicone sealants, as opposed to adhesives, exhibit higher elongation and lower strength. This makes them appropriate for sealing joints and assemblies. Furthermore, the growing number of activities in construction, especially in the BRIC group, is anticipated to fuel the demand for silicone sealants.

    The global silicone sealants market is, however, being restricted by the rising environmental regulations and concerns regarding the use of silicone sealants. Due to this, manufacturers are increasingly pushing for the development of bio-based sealants and this move is expected to provide new opportunities for the growth in the global silicone sealants market.

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    Global Silicone Sealants Market: Region-wise Outlook:

    Emerging economies from Asia Pacific are leading the global silicone sealants market from a geographical perspective, followed by Europe and North America. Growth of the major end user industries such as transportation and construction, particularly in India and China is expected to boost the global silicone sealants market over the forecast period. China especially is likely to show a significant rise in demand for silicone sealants due to the country’s growing consumer demand for high quality products, along with a consistent increase in the growth rate of its construction industry. A bulk of the silicone sealants being used in China are diverted to construction based applications, in which glass curtain walls account for the leading share.

    Companies Mentioned in the Research Report:

    Some of the leading players in the global silicone sealants market so far, have been 3M Company, BASF, E. I. du Pont de Nemours and Company, H.B Fuller company, Henkel AG & Co. KGaA, RPM International, Inc., and The Dow Chemical Company.


  • Gas Compressor Market Estimated to Record Highest CAGR by 2025

    Gas compressor is a mechanical device that reduces the volume of a gas by pressurizing it. A compressor and a pump are similar; they can apply the pressure on fluid and transport it through a pipe. Gas compressor is employed when there is a need of high pressure or lower volume of gas. Various gases such as air, nitrogen, ethylene, carbon dioxide, helium, and natural gas are used in gas compressors.

    There are two types of gas compressors: positive displacement compressors and dynamic compressors. Positive displacement compressors are further distinguished as reciprocating and rotary compressors. Dynamic compressors can also be categorized into centrifugal compressors and axial compressors. Depending upon the type, gas compressors are employed in a wide range of applications in various industries such as steel, automobile, chemicals, electronics, pharmaceutical, and petroleum & petrochemical refining. However, the basic application area of pressurizing the gas and reducing its volume remains the same.

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    Demand for energy has increased over the last two decades due to the rise in population across the globe. In the midst of higher fuel consumption, natural gas is emerging as the preferred fuel owing to its clean energy output compared to its counterparts (i.e. oil). Thus, demand for gas compressors is expected to increase in the near future, thereby indicating enhanced opportunities for the gas compressor market.

    Apart from natural gas, the usage of LNG, CNG, and LPG has been rising. This acts as a driver of the gas compressor market. Stringent emission norms and regulations is one of the key drivers of the gas compressor market. Awareness about global warming and greenhouse gas emission has boosted the efforts to find substitute for coal and oil dependent energy consumption. Natural gas is a clean source of energy vis-à-vis coal and oil. It can also replace coal and oil in various applications, primarily in power generation and vehicles. Most countries across the world prefer LNG and CNG in vehicles. Thus, LNG and CNG act as substitutes for gasoline and diesel.

    North America is anticipated to dominate the gas compressor market during the forecast period. Technologically, the region is well developed and experiences significant energy consumption. Furthermore, the demand for energy is estimated to shift from oil to gas due to the recent discovery of shale gas in the region. Asia Pacific is also a lucrative region of the gas compressor market. It has the highest population in the world and countries such as China, India, Malaysia, and Indonesia are experiencing strong economic growth. The region is developing rapidly. The need for energy is also likely to rise in the near future. Middle East & Africa is well known for its oil and gas deposits. Natural gas deposits in the region may transform the energy scenario. This is expected to positively affect the gas compressor market.

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    Key players operating in the gas compressor market are Sauer Compressors USA, AMERICAN JEREH, Hitachi, Ltd., BAUER COMPRESSORS, INC., Ariel Corporation, KOHO compressor systems, Kobelco, Atlas Copco, Exterran Corporation, Sundyne, PDC Machines Inc., and RIX Industries.


  • Lubricants for Wind Turbine Market Value Projected to Expand by 2025

    The use of wind energy as one of the major alternative energy sources to address global warming and resource conservation concerns has led to the rapid adoption of wind turbines. Considerable support from the government has increased the adoption of these wind turbines in the last decade. This has further boosted the demand for lubricants for wind turbine market. The lubricants for wind turbine market is expected to expand significantly owing to its austere performance requirements and high penetration rate of synthetic lubricants.

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    Lack of proper lubrication can cause vibration, contamination & moisture, and high mechanical loads, hampering the life of the engine. Several bearings and drives require lubrication irrespective of its design. Lubrication protects the machine and extends the life of its critical parts. It also extends service interval, simplifies service tasks, and protects the engine from atmospheric conditions. Development in the wind energy sector, drain interval extensions, and the high rate of direct drive machines are anticipated to drive the demand for lubricants for wind turbine market over the forecast period.

    Rise in demand for wind energy as a source of electricity owing to its environmentally-friendly nature can augment the wind energy sector. Electricity generated from wind energy is void of fossil fuel; therefore, it does not contribute to carbon emissions. Moreover, governments of various countries are promoting the wind energy industry. This is estimated to propel the installation of wind turbines around the globe. This, in turn, is likely to drive the lubricants for wind turbine market.

    Usage of biodegradable oils acts as a restraint for the lubricants for wind turbine market. Servicing of a wind turbine in offshore conditions is difficult. Biodegradable oils tend to breakdown and release acids that attack the bearings and other copper parts of wind turbines.

    The lubricants for wind turbine market can be segmented based on lubricant type, major turbine component, oil replacement cycle, application, and region. Based on lubricant type, the market is further segmented into gear oils, greases, and hydraulic fluids. In terms of major turbine component, the market can be classified into gear box, generator, and others. In terms of oil replacement cycle, the lubricants for wind turbine market can be bifurcated into 6-12 months and 12 months & above. In terms of application, the market can be divided into onshore and offshore.

    Geographically, the lubricants for wind turbine market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to dominate the global market during the forecast period. This growth can be attributed to initiatives taken by governments to encourage renewable power generation in the region. Favorable regulatory norms in North America and Europe are projected to create opportunities for the lubricants for wind turbine market in these regions. The wind turbine lubricant market in Middle East & Africa and Latin America is expected to expand significantly in the near future owing to the rise in investments to explore the potential of offshore wind energy sector.

    Key players operating in the lubricants for wind turbine market include Amsoil, Castrol, Shell, Exxon Mobil, Evonik Industries, PETRONAS, Petro China, OKS Spezialschmierstoffe GmbH, Suzlon, Klüber Lubrication, and CNOOC.


  • Global Nanosilver Market to Witness Widespread Expansion by 2027

    Transparency Market Research observes that the new entrants have been hesitant to enter the global nanosilver market due to its capital-intensive nature. Owing to this, only a few companies hold a leading share in the overall market, making the competitive landscape moderately consolidated. The research report identifies Bayer MaterialScience, Nano Silver Manufacturing Sdn Bhd, and Applied Nanotech Holdings, Inc. as some of the leading players in the overall market. Majority of the players operating in the global nanosilver market are focused toward making strategic alliances to gain a competitive advantage. In the coming years, companies are also expected to focus on expanding their operations to untapped parts of the overall market.

    According to the research report, the global nanosilver market was valued at US$682.0 mn in 2013 and is expected to reach US$1.8 bn by the end of 2020. During the forecast period of 2014 and 2020, the global market for nanosilver market is expected to register a robust CAGR of 15.4%. The electrical and electronics segment is expected to offer several lucrative opportunities to the overall uptake of nanosilver as the trend of miniaturization continues to strengthen. Regionally, North America is expected to lead the global market for nanosilver as it promises to register a CAGR of 12.9% between 2014 and 2020.

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    Researchers attribute soaring profits of nanosilver market to the metal’s superior electrical conductivity. This very property has won nanosilver extensive usage in the electrical and electronics industry. Thus is the growing demand for consumer electronics is expected to have a positive influence on the global nanosilver market. Nanosilver is used as an alternative to carbon nanotubes, graphene, traditional silver, and indium tin oxide. The flourishing electronics and electrical industry, which is marked by increasing sales of smartphones and household devices is projected to be the key contributor to the overall market in the coming years. Nanosilver finds incredible usage in miniaturization of printed sensors, printed circuit boards, and capacitors.

    Additionally, excellent antimicrobial properties of nanosilver has led to its growing application in the pharmaceutical industry. The changing medical and healthcare sector are also expected to propel the growth of the global nanosilver market. Today, nanosilver is extensively used for the production of bandages, surgical blades, and for wound dressing. Analysts expect that nanosilver market will also have high hopes of employment from the food and beverages industry and textile industry. Growing expenditure on healthcare, especially in the developing parts of the world, is expected to key a role in augmenting the demand for nanosilver in the coming years.

    For more actionable insights into the competitive landscape of market, get a customized report here.

    On the downside, the global market for nanosilver has its own set of challenges. The biggest challenge for the global market is the exorbitant cost of production as compared to conventional silver. This translates to significant capital investments, which is not possible for most players. Thus, it has restricted the entry of several players. Capital-intensive nature of the market has also magnified the risks of breaking even and surviving competition for many companies. Furthermore, the volatile nature of raw material prices is projected to hamper the growth of the overall nanosilver market in the forthcoming years.

    This review is based on Transparency Market Research’s report, titled “Nanosilver Market (End User – Electrical and Electronics, Healthcare, Food and Beverages, Textile, Water Treatment, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020.”


  • Soaring Industrial Use to Propel Sales in Capric Acid Market

    The global capric acid market is anticipated to exhibit a steady growth rate in the coming years, as reported by Transparency Market Research (TMR). The market’s business ecosystem comprises of numerous vendors. The global market is dominated by large-scale market players. However, the competitive landscape is also made up of several small-scale, regional and local vendors, who hold significant shares at a regional level.

    Leading vendors in the global capric acid market are seen focusing on expansion of their production facilities. The vendors are gaining momentum in the market by establishing their presence in emerging regions. Mergers and acquisitions are another key strategy being adopted by vendors in order to gain traction in the market. Key vendors in the global capric acid market are Ecogreen Oleochemcials, KLK OLEO, Hangzhou Oleochemicals, Acme-Hardesty, P&G, and Temix Oleo.

    As reported by TMR, the global capric acid market is estimated to rise at a 5.0% over the forecast period of 2015 to 2023. The market was estimated to be worth US$1.21 bn in 2014 and is expected to reach US$1.86 bn by 2023.

    Among the different user segments, personal care accounted for nearly 35% share in 2014. The global capric acid market is expected to be dominated by Asia Pacific over the forecast period. The region’s swift growth could be attributed to healthy economic growth of countries such as India and China.

    Burgeoning Demand from Food Sector to Boost Growth 

    The growing consumption of packaged and processed food leads to a rise in demand for new and differentiated colors, flavors, textures and aroma. Capric acid is a key ingredient used in the manufacture of esters. These esters find application in artificial food coloring, flavors, and aroma. Capric acid is further used as an antimicrobial agent, which plays a key role in commercial food handling.

    Breweries, wineries, and meat processing plants use capric acid extensively. The soaring demand from all these food, food processing and packaging sectors are expected to boost the global capric acid market in the coming years.

    To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

    Pharmaceutical Industry to Provide Rich Opportunity

    The capric acid market is expected to witness several growth opportunities in the pharmaceutical industry. Deconoate ester, which is derivative of capric ester, is used in injectable drugs. This is likely to fuel the global capric acid market in the coming years. A number of pharmaceutical companies are using capric acid derived from coconut oil to manufacture drugs especially for diabetic patients. This is another key factor propelling the market in the years to come.

    The personal care sector is expected to offer bountiful growth opportunities to vendors in the capric acid market. Multitude of uses of the product across several industries will amplify sales in the global capric acid market in the forthcoming years.


  • Global Emulsion Polymers Market to Expand with a CAGR of 6.1%

    The report by Transparency Market Research (TMR), the global emulsion polymers market has highly fragmented and competitive landscape due to the presence of numerous players operating in the global market. Some of the key players in the market are Synthomer plc, Celanese Corporation, BASF SE, The Dow Chemical Company, Trinseo S.A., and Arkema S.A. In 2014, some of the key players such as Arkema S.A., Celanese Corporation, Dow Chemical Company, and BASF SE collectively account for nearly 30.0% of the overall market. This dominance is a challenge for the new entrants. These key players are focused on product development and manufacture of bio-based products.

    According to a report by Transparency Market Research (TMR), the global emulsion polymers market was valued at US$32.2 bn in 2014 and is expected to expand with a CAGR of 6.1% from 2015 to 2023, to attain the value of US$54.9 bn by the end of 2023. The Asia Pacific dominated the global market for emulsion polymer in 2014 and with a steady CAGR of 5.3%, the region is expected to remain dominant over the forecast period.

    Government Regulations towards Environmental Protection to Drive Growth 

    The polymer which is obtained from an emulsion of monomer, surfactant, and water. The most of common procedure to conduct emulsion of the polymer are an oil-in-water emulsion. Emulsion polymers are relatively higher in weight, thus, they undergo polymerization very fast. Emulsion polymers are the green products and lead to eco-friendly techniques for coating and painting. Increasing demand for eco-friendly paint and coatings are driving the growth of the emulsion polymer market.

    Additionally, government regulations towards environmental protection are supporting the growth of the market. Growing awareness toward the bio-based emulsion polymers and increased usage of using waterborne acrylic dispersion for its anticorrosive coatings properties are driving the growth of the market

    Bio-based Products to Offer Lucrative Opportunities

    Despite these growth prospects, the fall in crude oil prices is negatively influencing the revenue of the overall market and which is a key restraint for the growth of the global market for emulsion polymer. Additionally, some stringent regulations imposed on the emission of some VOCs during manufacture are limiting the growth of the global emulsion polymer market. Nevertheless, the launch of bio-based products coupled with increasing awareness regarding these products is boosting its adoption which is creating lucrative opportunities for key players operating in the global market for emulsion polymers.

    To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

    This information is comprised in the new report by TMR, titled “Emulsion Polymers Market (Product – Acrylics, Styrene-butadiene Latex, Vinyl Acetate Polymers, Polyurethane, Silicone and Hybrid Epoxy; End-Use – Paints and Coatings, Paper and Paperboard, Adhesives, Textiles and Non-Woven and Leather) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”


  • Global Polyols and Polyurethane Market to Exhibit CAGR of 4.7%

    The global polyols and polyurethane market is expected to show a significant rise during the forecast period of 2015 to 2023. According to a report by Transparency Market Research, the market is likely to rise due to its demand in various applications such as home furnishing, appliances, automotive, and construction sectors. The demand for polyols and polyurethane is expected to see healthy growth in 2018. The demand for energy efficient technologies are leading to demand for polyols and polyurethane market globally. Some of the key companies in the market dealing with the same are The Dow Chemical Company, Mitsui Chemicals Inc., Chemtura Corporation, Huntsman Corporation, Bayer MaterialScience, and BASF SE.

    The global market for polyols will rise at a healthy CAGR of 4.7% during the forecast period of 2015 to 2023. Its valuation in revenue was calculated to be US$ 16.67 bn in 2015 and is expected to reach US$ 25.29 bn by 2023. Whereas, the global market for polyurethane is expected to rise at a CAGR of 5.9% by 2023 and is estimated to reach a value of US$ 80.76 bn.

    According to the product segmentation of polyols, polyether polyols is dominating the market in terms of volume. According to the product segmentation of polyurethane market, the flexible foam is dominating the market compared to other product types.

    Geographically, Asia Pacific holds the major shares of polyols and polyurethane among all other regions. In 2014, it held 35% of share in the global market. Many companies are rushing to establish capacities in Asia Pacific.

    Demand from Developing Industries to Boost Global Polyols and Polyurethane Market

    The increase demand in construction industries, furniture and interiors, and flourishing automotive is likely to boost the polyols and polyurethane market in the forecast period. Rise in demand for furniture in developing regions due to significant rise in construction to improve economy will boost the market remarkably in the coming years. The manufacturers are engaging in providing their consumers quality products so as to increase the demand in the market and to retain them. The qualities of polyurethane such as resistance to hot and cold conditions, weather changes, oil and solvents, wear and tear, and abrasion is likely increase its demand in the market. The multiple uses of polyols and polyurethane by various end users will also increase its demand globally. The primary reason for demand of polyols and polyurethane is its usage in automotive, construction, furniture, and interior industries globally. Strong growth of construction industries is the major reason for growth in the market. These factors are anticipated to boost the polyols and polyurethane market globally during the forecast period.

    To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

    Fluctuating Prices of Raw Material to Hamper the Growth in Market

    The global polyols and polyurethane market is likely to see downfall due to limitations in regards to price volatility and supply of raw materials in the market. The limitation of supply is likely to affect developing regions more than developed regions. Manufacturers are trying to cope up with this by engaging more resources but it is predicted to hamper the market. The prices of raw material also keeps fluctuating leading to sluggishness in the market. The developing economies are more likely to face these crisis due to lack of resources. The economic downturn will also affect the sales of products. These factors will hamper the growth of market and make it slow during the forecast period.


  • 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.

    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. The major national anti-tack agents markets analyzed in the report include the U.S. in North America; Germany, France, the U.K., Spain, and Italy in Europe; China, India, and ASEAN in Asia Pacific; Brazil in Latin America; South Africa and GCC in the Middle East and Africa.

    The rising automotive industry, one of the major drivers of the global anti-tack agents industry, is particularly beneficial for the market in Asia Pacific. Demand for automotive tires from the automotive industry has been on a steady rise in Asia Pacific countries such as Japan, China, South Korea, and India. This will keep the share of the Asia Pacific market high in the global anti-tack agents market.

    To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

    Rubber gloves are also among the major application areas of anti-tack agents. The rising healthcare sector in Asia Pacific thus benefits the Asia Pacific anti-tack agents market as well. Healthcare infrastructure in countries such as China, India, and South Korea is expanding rapidly, ensuring a steady revenue source for the APAC anti-tack agents market.

    The report utilizes analytical tools such as Porter’s five forces analysis and market attractiveness analysis to examine the dynamics of the global anti-tack agents market. In terms of the competitive landscape of the anti-tack agents market, the report examines data regarding major players in the market such as Croda International plc, King Industries, Inc., McLube, SASCO Chemical Group, Inc., Evonik Industries AG, Baerlocher GmbH, Parabor Brasil, and Stephenson Alkon Solutions.


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