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Zeolites Sales Soar as Specific Catalysts in the Move toward a Global Hydrogen Economy

According to a new Fact.MR report, sales of zeolites in 2018 were 8.3 Mn tons, and are expected to record ~2% Y-o-Y in 2019. The zeolites industry remains fostered by a myriad factors, ranging from the application in soil amendment procedures, and water treatment, to growing utilization as key refrigeration absorbents.

The study finds that the zeolite synthesis has emerged as an active area of research, as zeolites with uniform microscopes continue to become a key imperative across industrial processes such as separation, adsorption, and catalysis, while seeking new applications in medical, chemical sensors, magnetism, and electronics.

The realization that hydrogen can offer a sustainable solution to energy storage and transport has encouraged the governments worldwide to take immediate steps toward becoming a hydrogen economy, alongside rapidly changing dynamics of the energy sector. Currently at its infancy, the hydrogen energy generations holds promise for prospects of the energy industry, and zeolites play a pivotal role as specific catalysts in the generation of hydrogen energy.

According to the study, sales of zeolites will remain relatively larger in the manufacturing of detergents, accounting for ~30% shares. The shifting focus of the detergent manufacturers from phosphates to zeolites, in light of the favorable ecological attributes, will remain a key growth influencer for the zeolites market.

The agriculture industry expected to create incremental opportunities for the zeolite manufacturers, as the high water retention and ion exchange capacity of natural zeolites are eyed for production of fertilizers. Additionally, the ability of zeolites to prevent the entry of undesirable metals such as lead, zinc, and copper into the food chain, will further underpin their demand in the production of fertilizers.

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Europe and East Asia – Lucrative Markets for Zeolites

According to the study, Europe and East Asia collectively account for ~60% share of the zeolites market. Rapid industrialization and growing investments in the industrial sectors across these regions, are likely to remain leading influencers of growth for the zeolites market. Growing number of research demonstrations and tests apropos of zeolites across Asian nations has further attracted the attention of the market players for investments.

Zeolites in both, natural and synthetic form, are being widely used across a plethora of end-use industries. Accounting for ~60% volume share of the global market, natural zeolites remain the sought-after category, significantly complemented by their use in the water treatment industry. Environment concerns relating to the presence of heavy metals in wastewater, and the potential of natural zeolites to resolve these have been driving their adoption in recent years.

The synthetic zeolites will also remain attractive among end-users, in light of their greater thermal stability and unmatched properties as specific catalysts. From purification of industrial and municipal wastewater, to restoration of degraded soil and soil modification, adoption of synthetic zeolites will remain significant in the foreseeable future.

Companies operating in the zeolites market are concentrating their efforts towards developments in the synthetic variant, apart from their focus on capacity expansions and new product developments for remaining ahead of the curve. For instance, BASF launched a new generation of FCC catalysts, based on a novel Improved Zeolite Y (IZY) technology for gasoil refiners, which is tailored to offer superior conversion and improve coke selectivity, thereby being able to aid refineries in maximizing profitability.

This study offers a long-term outlook of the zeolites market for the period between 2019 and 2029. The zeolites market is forecast to record a CAGR of 3% through 2029.


Airsoft Guns Market Continues to See Hegemony of ‘Electric’ Variants, Finds Fact.MR

Global sales of airsoft guns reached 2.7 million units in 2018, according to a recent market research study of Fact.MR. The report has projected ~6% annual growth in the airsoft guns sales volume towards the end of 2019, indicating healthy growth prospects of the airsoft guns industry over the next few years. With rising proclivity of the millennial generation for leisure sports, strongly backed by increasing discretionary purchases, it is highly likely that the demand for airsoft guns and other shooting sport gear will experience a robust hike in years to come.

The study opines that electric-powered airsoft guns continue to witness increased adoption over spring-powered and gas-powered variants, attributing to their selective fire capabilities. Moreover, electric-powered airsoft guns can be leveraged for both semi and fully automatic operations, unlike the rest two counterparts. Manufacturers are thus likely to maintain their focus on innovations in electric airsoft guns, banking on their successful track record on the basis of ‘customization’.

Growing traction for fully automatic and highly upgraded guns that have adequate metal gearbox internals covered in strong polycarbonate, continue to uplift the revenue share of electric-powered airsoft guns in the market, which was ~40% in 2018. With end users seeking guns that can be readily upgraded to increase the rate of fire, electric-powered airsoft guns will continue to witness a spike in sales in the forthcoming years. 

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Over 70% Sales Upheld by Individual Buyers

The study opines that the shifting focus of individuals, specifically from millennial generation and Gen X, continues to significantly contribute to the growth of the airsoft guns market, owing to their growing enthusiasm for airsoft. In line with the increasing number of individual buyers who collectively accounted for sales of over a million units of airsoft guns in 2018, manufacturing companies are zooming in the focus on the needs of individual consumers, to reformulate their growth strategies. The demand for customized paint jobs on airsoft guns is likely to gather momentum as an aftersales service, hinting a new focal point for market players in the airsoft guns landscape.

Gains Remain Concentrated in North America & Europe

The study opines that North America, trailed by Europe, holds substantial revenue share in the airsoft guns market. Growing popularity of team sports has been inducing the individual involvement in airsoft games, which in turn is invariably pointing towards an influx of opportunities for stakeholders in these regions. The lucrativeness of North America airsoft guns market is further estimated to remain intact, as the region holds maximum number of airsoft fields in the world. Moreover, increasing individual participation in recreational sports, in North America and Europe, has been augmenting the number of airsofters, uplifting the sales prospects of airsoft guns in these highly regulated regions.

Airsoft guns manufacturers in developing countries, such as China and South Korea, have shifted their focus to reputed online sales channels who are the key distributers in North America, which has been the prime market for airsoft sport. This falls in line with the regulations on sale and unlicensed use of airsoft guns in various regions. As per Fact.MR’s analysis, third party online sales have been driving significant gains in the airsoft guns market, which are likely to account for ~45% sales in 2019, followed by specialty stores.

The study also anticipates a significant role of social media in the development of airsoft guns market in coming years, attributed to the gradually developing focus of leading market partakers on leveraging these channels for targeting other recreational team sports and activities for higher gains.

This Fact.MR study offers a long-term perspective of the airsoft guns market for the duration 2019 to 2029. The airsoft guns market is projected to register a volume CAGR of ~7% through 2029.


Lithium-ion Battery Cathode Market Expected to witness a Spectacular Rise in Coming Years

Fact.MR, in its latest study, tracks the growth trajectory of the global lithium-ion battery cathode market. The report suggests that lithium-ion battery cathode sales reached the volume of 235,439 tons in 2018, equivalent to the revenues worth ~US$ 4 Bn. Prominently fueled by the climbing sales of electric vehicles, the demand for Li-ion battery cathode will also be upheld by the emergence of new lithium-ion generation and convergence of cathode & lithium-ion battery across the globe.

Gains in market are likely to be driven by the undercurrents of numerous end-use industries and widening application base. Over the recent past, there has been a significant stride in the research & development activities for battery materials, including cathode, anode, electrolyte and separators. Significant increment in R&D investments have led cathode material for lithium-ion battery towards the increasing production and expanded sales, particularly among the automakers and consumer electronics manufacturers. However, in the backdrop of expeditious depletion of mineral reserves, followed by the emergence of new alternatives, it is highly likely that the lithium-ion sulfur batteries will account for the imbalance between opportunities and sales scale.

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The report opines that the solar home systems powered by lithium-ion batteries have been constantly gaining traction in developing countries of Asia Pacific and the Middle East & Africa, which will lubricate the infiltration of lithium-ion battery cathode in these markets over the coming years. Moreover, the study finds that a handful of countries – India, Philippines, Indonesia, Vietnam, Mexico, and Argentina – have been encountering challenges apropos of the raw material’s demand-supply mismatch, which has engendered the novel trend of ‘recycling’. As a sizeable pie of the manufacturing community continues to follow suit, recycling of lithium-ion batteries remains an influential trend aiding in securing the seamless raw material supply, while reducing the reliance on extraction and mining activities for mineral requisites.

Opportunities for lithium-ion battery cathode manufacturers are also likely to remain influenced by the tightening regulatory scenario facing the automotive industry, which prominently includes fuel emission norms. As identified by the Fact.MR report, a notable surge in automotive production and sales will continue to work in favor of leading market players in the lithium-ion battery cathode space.

Developing Regional Markets Reflect High Growth Potential

Lithium-ion battery cathode sales are expected to remain concentrated in the legacy markets, i.e. China, Japan, South Korea, and the U.S., attributing to strong production footprint of industry giants in these countries. While this is being perceived to be an instrumental factor for manufacturers seeking to build their production and channelization strategies, Fact.MR’s conclusive analysis says that it will help companies widen their end user base and thereby expand the business footprint as well as the overall value chain at a global level.

As per the report findings, lithium-ion battery cathode is likely to spectate a higher rate of adoption in the consumer electronics segment. As consumers’ quest for improved battery life remains open, manufacturers of consumer electronics operate under the stress to integrate batteries with compact size and increased lifespan. With the trends of ‘portability’ further infiltrating into the consumers’ space, adoption of lithium-ion battery cathode is more likely to grow at an exponential pace in the consumer electronics industry.

Regional assessment of the lithium-ion battery cathode market reveals that East Asia will lead the way over the course of forthcoming years, on account of the high concentration of market players in China and Japan, expending their efforts towards innovating the landscape. Of late, there has been a substantial rise in the demand for lithium-ion battery cathode materials, especially from the fast-growing economies, such as China, Mexico, and India. South Korea, being one of the world’s leading lithium battery producing countries, is expected to emerge lucrative in the near future, driven by the country’s whopping investments in lithium resource projects. The government’s declaration of lithium as the country’s ‘strategic commodity’ will augur well for the li-ion battery manufacturers based in South Korea.

Key players operating in the lithium-ion battery cathode market have been striving to consolidate their position by gaining reciprocal advantage from their equivalents through M&A activities. In addition, since efficiency remains an attractive proposition for lithium-ion battery cathode, manufacturers continue to leverage the prowess of technology to boost product lifespan.

This Fact.MR study measures the leaps of lithium-ion battery cathode market for the historical period 2014-2018 and forecast period 2019-2029. An impressive CAGR of ~13% has been estimated for the lithium-ion battery cathode market landscape, through 2029.


Biochar Sales to Leapfrog in Line with Ascending Scope of Application in GHG Remediation

A recent market intelligence on the biochar landscape tracks the global scenario of biochar market. The report indicates that sales of biochar equaled 1,800 tons in 2018, which are likely to see an impressive 13% Y-o-Y rise by the end of 2019. Other than the high sustainability quotient and carbon negative peculiarity of biochar, the sales will remain highly influenced by its potential applicability in water filtration, storm water management, and green infrastructure practices.

Increasing awareness about the application of biochar in soil as a viable substitute for traditional forms of mineral amendments and the ability to strengthen the ecological aspects of bioenergy engineering, are upholding the gains in market. The multifunctional positive impacts of biochar solidifying its position in the strategy to eradicate CO2 from the atmosphere is garnering substantial prominence in the market. Moreover, while growing consideration of its potential to assist the climate change mitigation will remain the strong booster to a progressing sales scenario in coming years.

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The study opines that growing applications of biochar in greenhouse gas (GHG) remediation and waste management will continue to bolster the growth prospects of the market. Moreover, rising awareness about biochar and its role in improving plant growth has been fostering its adoption in farming, which is underpinning thr growth of market.

As per the study, use of biochar in farming has increased significantly in the recent years, accounting for 1,251 tons of sales in 2018. This falls in line with the plethora of benefits of using biochar in farming, such as enhanced soil fertility, and consequent increase in crop yields. Biochar has also garnered substantial traction as a fertilizer to improve the water retention capacity, aeration and soil tilth. Companies are eying the lucrativeness of biochar in aiding carbon sequestration to march forward in the biochar market. These are the key determinants that are positively impacting the growth prospects of the biochar market.

Sales of biochar will pick pace in the forthcoming years, owing to growing awareness about its potential role in alleviating climate change. This falls in line with the presence of carbon in raw biomass, which would otherwise degrade to the greenhouse gases and get sequester in the soil for several years. The study indicates that as growing ongoing research and development activities are investigating potential applications of biochar, such as filtration and super capacitors, sales are likely to grow significantly through 2029.

Pyrolyzed Biochar Accounts for 80% Shares in Revenues

According to the Fact.MR study, pyrolysis will continue to remain highly sought-after technology for biochar production. The market has witnessed sales of 1,577 tons of pyrolyzed biochar in 2018, and as per the study, it is highly likely to register ~13% Y-o-Y growth in 2019. Use of pyrolysis technology for biochar production will continue to grow, as it produces rich in carbon content and highly stable yield. Pyrolysis technology is widely used by several market players, including Earth Systems and Clean Fuels B.V. for high-yield production of biochar market. Organic waste-based biochar and its role in improving biomass production by enhancing the soil fertility and contaminant remediation, is projected to be a key determinant that will drive demand in the forthcoming years.

North America will continue to reign supreme globally, through 2029. A large number of market players in North America are increasingly focusing on innovating their offerings and biochar commercialization to expand their footprint in the global market. As per the study, commercialization of biochar as a soil additive is yet to achieve its full potential among farmers, which also points to a new window of opportunity for market players. Several market players are taking significant initiatives and organizing programs in different regions to explicitly educate farmers, and drive their product sales.

Fact.MR’s analysis presents a long-term outlook of the biochar market for the time frame 2019 to 2029. The biochar market is envisaged to register a volume CAGR of ~13% through 2029.


Sales of Combine Harvesters Around the World Pegged to Exceed 181,000 Units by 2026 End

The global combine harvesters market is forecast to register a volume CAGR of 2.6% between the period 2017 and 2026, according to a recent research study of Fact.MR. The report estimates global sales of combine harvester to surpass US$ 18,500 Mn by 2026-end.

Advent of Intelligent Combine Harvesters to Influence the Market Expansion

With declining costs of agricultural produce becoming a prevailing trend, emphasis is being placed on improving land and labor productivity, in order to enhance profitability. Agricultural machinery manufacturers are therefore focusing on harvest volumes that have direct impact on the income of nations. These manufacturers are carrying of research and development activities associated with technologies that would provide real-time intelligence on harvest flow rates along with information about visualization losses during harvesting process.

This has further given birth to intelligent combine harvesters, which can monitor yield loss and grain flow rate in real-time. Intelligent combine harvester enable farmers in root cause analysis and prevention of yield loss without affecting efficiency and productivity. On account of such benefits, intelligent combine harvesters might witness high demand among farmers in the near future, particularly in developed countries.

Integration of Telematics with Agriculture Mechanization – A Major Trend

One of the major trends gaining traction in the combine harvesters marketworldwide is growing integration of telematics with agriculture mechanization. Adoption of telematics ensures tracking loopholes in the performance of combine harvesters, provided with an onboard GPS system that provides information about engine status, location and speed of the harvester. Additionally, telematics enables reviewing information on previous operational hours, and furnishing that specific information on the time and manner of the harvester’s operation.

Asia-Pacific excluding Japan (APEJ) will continue to spearhead the global combine harvesters market, in terms of volume, mainly driven by robust foreign direct investments (FDI) into its developing nations such as China and India. FDI has further spurred the agricultural activities in these countries, thereby creating the need for efficient agricultural machinery such as combine harvesters. However, cost of new combine harvesters being substantial, farmers in APEJ are buying used machinery at relatively lower prices, impacting revenue generation of the market in the region.

In terms of value, 300-450 HP combine harvesters are expected to remain dominant in the market, based on power type. Revenues from sales of this power type segment will exceed US$ 4,900 Mn by 2026-end. Revenues from below 150 HP and 150-300 HP combine harvesters are also expected to remain significant, collectively estimated to account for roughly half share of the market by 2026-end. Sales of above 550 HP combine harvester are forecast to record the fastest expansion through 2026. In addition, sales of 450-550 HP and 150-300 HP combine harvesters will register a parallel rise through 2026.

Hydraulic Combine Harvesters to Remain Leading Mechanism Type Segment

In terms of value, hydraulic combine harvesters will remain the leading mechanism type segment in the market, with sales projected to hold more than half revenue share of the market during the forecast period. However, sales of hybrid combine harvester are set to record a comparatively faster expansion than that of hydraulic combine harvesters through 2026.

Based on grain tank size, more than 350 BU combine harvesters are projected to reflect the fastest value sales growth through 2026, trailed by less than 250 BU combine harvesters. However, revenues from 250-350 BU combine harvesters will continue to be relatively larger than all the other grain tank size segments in the market.

Key market participants identified by Fact.MR’s report include MASSEY FERGUSO, JCB, Yanmar America Corporation, KIOTI Tractor (subsidiary of Daedong Industrial Company, Ltd.), Case IH, Bobcat (a Doosan company), Escorts Limited, Mahindra and Mahindra, New Holland, Claas KGaA GmbH, AGCO Corporation, Kubota Corporation, Tractors and Farm Equipment Limited, Deere & Company, and Caterpillar.


Lifesciences Enterprise Storage Market Expected to Grow at 4.2% CAGR through 2026

Increasing difficulties arising in management and loading of clinical data from lifescience enterprises has propelled the need for adopting effective storage solutions. Leading players in the healthcare-IT industry are introducing effective lifesciences enterprise storage solutions to capture these concerns. Moreover, several lifesciences organizations are adopting cloud-based storage models to share data securely and effectively across multiple landscapes in the healthcare industry. However, growing concerns over the safety of these lifesciences enterprise storage solutions is observed as a key deterrent of their adoption. 

According to Fact.MR’s recent forecast study, the global lifesciences enterprise storage market will expand at a moderate pace of 4.2% CAGR in terms of value over the forecast period, 2017-2026. It has been estimated that by the end of 2026, the global lifesciences enterprise storage market will be worth over US$ 2.6 Bn.

Key Forecast Highlights from the Report

  • Pharmaceutical companies will be observed as key customer segments in the global lifesciences enterprise storage market. By the end of 2026, more than US$ 1.2 Bn worth of lifesciences enterprise storage solutions will be adopted by the pharmaceutical consumer segment. Governments and biotech companies are also being viewed as key customer segments for lifesciences enterprise storage.
  • In 2017, the adoption of storage attached network in the global lifesciences enterprise storage market is expected to bring in more than US$ 830 Mn in revenues. The report also reveals that server attached storages will register fastest value growth at a steady CAGR of 5.4% during the forecast period.
  • On-premise deployment of lifesciences enterprise storages will register highest share on global market value throughout the forecast period. However, on-cloud deployment of lifesciences enterprise storage will gain traction through 2026. By the end of the forecast period, more than US$ 1 Bn worth of lifesciences enterprise storages will be deployed with on-cloud model.
  • In 2017, North America’s lifesciences enterprise storage market was estimated to be worth over US$ 900 Mn. Robust infrastructure in the lifesciences sector across the US and Canada will continue to drive the growth of North America’s lifesciences enterprise storage market throughout the forecast period. By the end of 2026, North America will represent the largest market for lifesciences enterprise storage, accounting for an estimated global market value share of 46.5%.
  • Europe and the Asia-Pacific excluding Japan (APEJ) region is also expected to account for high revenue growth in the global lifesciences enterprise storage market. While Europe will account for more than 12% of the global market value growth throughout the forecast period, the APEJ lifesciences enterprise storage market is estimated to expand at the fastest value CAGR of 6.1% during the forecast period.

The report has profiled key stakeholders in the global lifesciences enterprise storage market, which include HPE, NetApp, Dell Inc., IBM, ODM Direct and Hitachi. Majority of the players in the global lifesciences enterprise storage market are expected to introduce innovative storage solutions based on the data management needs of lifescience enterprises. Since the lifesciences enterprise storage landscape is currently at a nascent stage, the competition will remain consolidated through 2026, with aggressive presence of only handful of players.



Train Control Management System Market Booming Worldwide and Advancement Outlook

The global train control and management system (TCMS) market was valued at $2,031.6 million in 2015, and it is expected to grow at a CAGR of 8.2% during 2016 - 2022. Increasing population and urbanization, growing demand for safe and comfortable rapid transit solutions in developed as well as developing regions, and stringent emission control norms are expected to drive the demand for TCMS over the forecast period.

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To reduce traffic congestion on roads, government of developing nations such as China, India, Singapore and Thailand are investing in rapid transport system. The increasing demand for rapid transit vehicles in developing regions is expected to boost the demand for TCMS during the forecast period.

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Among the various components of TCMS, the vehicle control unit held the largest share in the global TCMS market in 2015. The market of train control and management system was the largest in metros & high speed train segment in 2015, compared to other train types. Globally, communication-based train control solution (CBTC) was the largest segment, based on solution of train control and management system in 2015.

Asia-Pacific was the second largest market for train control and management system in 2015.  Increasing urbanization and increasing trend of automated metros and high speed trains are some of the major factors driving the growth of the Asia-Pacific TCMS market.

Some of the major players operating in the global train control and management system market include Alstom SA, Bombardier Inc., Toshiba Corporation, Siemens AG, Hitachi Ltd., CAF, Mitsubishi Electric Corporation, EKE Group and Strukton Rail.


Saudi Arabia Adhesives Tapes Market Competitive Dynamics and Global Industry Outlook

Adhesives and tapes are materials for binding used to join two surfaces. These are utilized as smaller trades for latches, for example, nails screws, and clamps. Adhesives and tapes are utilized in bundling, development, footwear, furniture, car, bookbinding, artworks, and pharmaceuticals sectors in Saudi Arabia.

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The Saudi Arabia adhesives and tapes market is anticipated to grow quickly in the forthcoming years. This is because of the expanding demand for adhesives and tapes from the development and bundling enterprises globally. Extension of exchanging exercises various territories of Saudi Arabia will additionally drive the adhesives and tapes market.

The Saudi Arabia adhesives and tapes market are probably going to be driven by rising demand from construction and packaging sectors. There is a rise in demand for the packaging sector in the forthcoming years because of fast development of exchange exercises Saudi Arabia. This, thus, is anticipated to support demand for adhesives and tapes in the following couple of years. Also, increment in construction exercises is relied upon to fuel demand for adhesives and tapes in the construction business.

Nevertheless, accessibility of substitutes for adhesives and tapes in the entirety of its application regions is probably going to hamper development of the adhesives and tapes market in the forthcoming years. Regarding opportunity, utilization of adhesives and tapes in high-esteem adaptable packaging solutions in purchaser enterprises, for example, food and beverages, is foreseen to open new prospects for development sooner rather than later.

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Polyurethane and Acrylic to Hold Prominent Shares in the Market

The adhesives and tapes market are categorized based on products, end user, technology, and formulation. On the basis of technology, the adhesives and tapes market is divided into pressure sensitive, and hot melt. Among these, the pressure sensitive category was leading the adhesives and tapes market, acquiring over half of revenue share of the market. On the basis of formulation, the adhesives and tapes market were led by water-based formulations in the recent years. On the basis of product type, the adhesives and tapes market were categorized into polyurethane, acrylic, PVAc, epoxy, and EVA. On the basis of volume, the Saudi Arabia adhesives and tapes market was led by acrylic products in the past few years. Polyurethane is utilized in high volumes in sectors for example footwear, construction, and automotive in Saudi Arabia.

Saudi Arabia to Register Highest Demand on the Binding

The significant region i.e., Saudi Arabia adhesives and tapes market are predicted to win demand while riding on the binding quality and flexible properties of various kinds of item, for example, polyvinyl acetic acid, acrylic, polyurethane, and epoxy. Besides, these chemical compounds could be utilized to make an expansive extent of formulations with the assistance of solvents and water.

So as to accomplish the best offer in the adhesives and tapes market, regional markets in Saudi Arabia are estimated to use prospects delivered by more quickly developing innovations, for example, radiation curing and hot melt adhesives. Nonetheless, a huge development prospects assessing the lead taken by pressure sensitive technology could hopefully impact the regional standpoint of the Saudi Arabia adhesives and tapes market.

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Some of the major companies likely to operate toward attaining an upward inclination in their development are Henkel AG & Co. KgaA, Bostik SA, Avery Dennison Corporation, H.B. Fuller Co., and Ashland Inc. The above-mentioned enterprises are studied to offer an extensive assortment of products in the adhesives and tapes market and boast of their global existence.

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Sodium Hydrosulfite Market Competitive Dynamics and Global Industry Outlook

Sodium hydrosulfite, commonly known as sodium dithionite, is a crystalline white powder. It is stable under normal conditions and decomposes either in acidic conditions or in contact with hot water. Sodium hydrosulfite is manufactured by different processes such as zinc dust process, amalgam process, and formate process. These three processes are primarily used to manufacture sodium hydrosulfite. Furthermore, zinc dust and amalgam processes accounted for almost 80% of the global production in 2014. All applications of sodium hydrosulfite are due to its superior reducing ability. Sodium hydrosulfite offers reducing properties in acidic medium and heated atmosphere.

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Sodium hydrosulfite is widely used for bleaching purposes in the paper & pulp industry, textile processing, mineral ore flotation, kaolin bleaching, pharmaceuticals, and food additives. However, it is primarily used in textile and wood pulp bleaching applications. Textile and wood pulp bleaching applications cumulatively held market share of over 80% of the sodium hydrosulfite market in 2014. Sodium hydrosulfite is used as a reducing agent as well as a reducing bleaching agent in fabrics such as nylon, wool, and cotton in the textile industry. Furthermore, sodium hydrosulfite is employed for stripping of color from fabrics. It is also used in the reduction clearing process for disperse dyes. It is used in wood pulp bleaching to brighten pulp with lower yield loss in the paper industry. It is used as a bleaching agent for mechanical pulp bleaching in the paper & pulp industry.

Textile processing and wood pulp bleaching are primarily responsible for boosting demand for sodium hydrosulfite. Furthermore, the market dynamics of these applications affect the global market for sodium hydrosulfite. Demand for textile products, particularly apparel, has increased across the world, which has resulted in rise in demand for sodium hydrosulfite globally. In terms of demand, Asia Pacific, being the textile manufacturing hub of the world, held the largest share of the sodium hydrosulfite market in 2014. The paper and pulp industry, on the other hand, has struggled to keep pace with rapid global digitalization. Hence, steady decline in demand for paper and paper products has been witnessed in North America and Europe. However, the market in Asia Pacific and Latin America is expected to expand at a decent pace during the forecast period. Application in cosmetics, particularly hair care products, and kaolin bleaching is likely to provide attractive growth opportunities for the sodium hydrosulfite market in the near future.

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Asia Pacific is the major producer and consumer of sodium hydrosulfite, accounting for over 65% share of the global market by demand in 2014. China is primarily driving demand for sodium hydrosulfite in this region. Apart from China, major textile producing countries such as Japan, India, Bangladesh, and Pakistan account for considerable share. The market in Asia Pacific is also projected to exhibit the fastest growth rate, expanding at a CAGR of more than 4% between 2015 and 2023. Textile processing is the primary application in Asia Pacific. On the other hand, wood pulp bleaching application dominates demand in North America and Europe. The market share of North America and Europe is estimated to decline during the forecast period due to gradual slowdown in the paper economy in these regions.

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The global sodium hydrosulfite market is consolidated in nature with four manufacturers accounting for over 50% share. Companies such as Guangdong ZhongCheng Chemicals Inc., Ltd., BASF SE, Jinhe Group, and AZ Chemicals, Inc., held significant share of the global sodium hydrosulfite market in 2014. Other key companies include Chemtrade Logistics, Inc., Mitsubishi Gas Chemical Company, Inc., and BruggemannChemical.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
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