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Synchronous Condenser Market Plying for Significant Growth During 2025

Synchronous condensers are synchronous motors that are usually employed for power factor correction in power lines. Electrical circuits involving induction motors or inductive loads are usually encountered with lagging power factors, due to which the efficiency of the system goes down. Lagging power factors result in the loss of energy. Synchronous condensers are introduced in such circuits to cancel out the lagging power factor. They feed the circuits with leading power factors. However, synchronous motors can be used to compensate leading and lagging power factors by supplying reactive power to the line. This helps in enhancing the voltage regulation of the line.


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Synchronous condensers also help in improving the efficiency of long power transmission lines. Furthermore, synchronous condensers help in avoiding short circuit conditions and transient fault conditions in power grids, due to their ability to absorb and produce reactive power. Other benefits of synchronous condensers include provision of sufficient short-circuit power and inertia, steady-state and dynamic voltage control, reactive power control of dynamic loads, which can be incorporated for stabilization of grids, line-commutated converters based high voltage DC transmission links, renewable power generation based transmission grids, and retirement/shut-down of thermal power plants. However, use of synchronous condenser has few disadvantages such as losses in the motor, high maintenance cost due to rotating component, noise, high cost at low power ratings compared to static capacitors method, and need of excitation equipment for starting the synchronous motors. This gives rise to the need for employment of substitute methods for power correction such as static capacitor method or phase advancer method.


Based on the cooling method, the synchronous condenser market can be segmented into air cooled, water cooled, and hydrogen cooled. The hydrogen cooled segment dominates the market. This trend is anticipated to continue during the forecast period. This is primarily due to the better results of hydrogen cooled synchronous condensers in terms of cooling and losses, as the density of hydrogen is much lesser while thermal conductivity is much higher than that of air.


Based on reactive power rating, the synchronous condenser market can be segmented into up to 100 MVAr, 100-200MVAr, and above 200MVAr. The need for power factor correction is increasing due to the rising demand for reactive power for grid stabilization and voltage regulation. Moreover, the costs with synchronous condensers employed for low power ratings is high. Therefore, synchronous condensers with the rating above 200MVAr are highly preferred. The above 200 MVAr segment is likely to expand during the forecast period.


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In terms of geography, the market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the synchronous condenser market. The market in the region is anticipated to expand in the near future due to factors such as installation of new power plants in the U.S. and increasing use of synchronous condensers in the existing power plants in the country. Asia Pacific is also one of the major markets for synchronous condensers and is anticipated to expand at a descent pace, especially in the countries such as China.


Major players operating in the global market include Siemens AG, General Electric, Eaton Corporation Plc, ABB Ltd., Voith GmbH, Hyundai Ideal Electric Co., and WEG Electric Corp.


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Companies are expanding their market share by adopting several marketing and merger & acquisition strategies. Companies are also shifting their manufacturing facilities to developing countries, such as China and India in Asia Pacific, to avail the easily available land, cheap labor, and government subsidies in the region.


Fire Resistant Hydraulic Fluid Market to Record an Exponential CAGR by 2024

Often hydraulic industrial equipment, systems, and machinery come in close proximity to very high temperatures, if not direct flames and sparks. At other times, hydraulic systems themselves generate high thermal energy and elevate the ambient working temperature. These fire hazards are seen near casting, forging, smelting, foundries, brick manufacturing facilities, welding robots in automated factories, oil platforms, chemical plants, and even in forest firefighting equipment. Such inhospitable working conditions may lead to disasters if conventional hydrocarbon based hydraulic fluids are used as they are prone to catching fire. In such conditions, design engineers need to use fire resistant hydraulic fluids. These fluids are formulated in a way that render them difficult to ignite and they can also avoid the propagation of flames, if ignited.


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Rising concern about safety of men and machines in factories and manufacturing facilities is driving the demand for fire-resistant hydraulic fluids. These fluids help in safeguarding the equipment and avoiding breakdown of due to overheating of fluids and equipment. Another area of application where fire resistant hydraulic fluids are in high demand is the aviation and aerospace industry. Aircrafts are complex systems and are highly dependent on hydraulic systems for vital functions such as maneuvering and landing. Owing to safety concerns, almost every material and fluid used in an aircraft is therefore fire-resistant, if not fireproof. Besides aviation, the other fields where fire hazard possibilities are critical are mining, especially underground mining; offshore marine operations; and firefighting. All these segments, for their safety quotient, are giving rise to the demand for fire-resistant hydraulic fluids.


Based on type, the fire resistant hydraulic fluids market can be segregated into water-based and anhydrous. Water-based fire resistant hydraulic fluid is further classified into oil-in-water emulsions (ISO HFA); water-in-oil (ISO HFB), i.e. invert emulsion; and water polymer solution (ISO HFC). Anhydrous fire resistant hydraulic fluids are sub-divided into phosphate esters (ISO HFDR) and PAG and/or Polyol esters (ISO HDFU). Based on application, the fire resistant hydraulic fluid market is segmented into foundry and smelting (metal making), aviation, marine, mining, and others. Different grades/types of these fluids are used depending upon the application.


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Based on geography, the global fire resistant hydraulic fluid market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the major markets for fire resistant hydraulic fluids, led by safety concerns in industries such as mining, steel production, marine, and chemical exiting in these regions. Asia Pacific is another prominent market for the fire resistant hydraulic fluids, owing to the presence of large number of steel mills, foundries, slag management, casting and forging, and machining plants operating in this region. Developed nations such as Germany, the U.S., Japan, France, and the U.K. also possess a significant demand for fire resistant hydraulic fluids. Furthermore, demand for fire resistant hydraulic fluids in industries such as mining, marine, manufacturing, chemical, and aviation has been rising at a rapid pace in developing countries such as China, India, Brazil, South Africa, and those in Southeast Asia.


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Major players operating in the global fire resistant hydraulic fluid market include Exxon Mobil Corporation Quaker Chemical Corporation, The Dow Chemical Company, Southwestern Petroleum Corporation, BASF SE, Royal Dutch Shell, and Castrol. These companies hold a significant share of the market. Thus, the fire resistant hydraulic fluid market experiences intense competition.


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Odour Control Agents Market to Perceive Substantial Growth During 2025


Odour control is a primary concern for any facility operator whose property lies in the vicinity of residential or business areas. When the natural breakdown of organic materials is happening under optimum conditions, it primarily produces carbon dioxide, water vapor, and heat. When the process is unbalanced in some way, other gases are produced, some of which have objectionable odor. Subsequently, odour management is a primary motivator for optimizing the composting process. Odour control agents are employed to control or reduce unwanted odors from industrial/manufacturing processes. The objective behind implementing odour control systems at manufacturing plants is to improve the quality of air, which industries such as wastewater, paper, food & beverage emit during the various operations at their manufacturing plants.


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Over the years, before odour control systems were invented, operations at industries/manufacturing facilities were hampered due to the bad quality of air. For instance, if a manufacturing plant has not installed an odor control system, people living around the plant likely to hold the manufacturing plant responsible for emitting bad odor in the atmosphere and deteriorating the quality of surrounding air, which can tarnish the image of the company. Moroever, the productivity of the manufacturing plant can get affected due to the odors produced during the operations at the plant. Additionally, the quality of the product is likely to get impacted due to the decline in productivity, which is undesirable for the company. In many cases, it has been noticed that odors have increased the safety concerns in the manufacturing plant. Many odors are corrosive in nature, and consequently, it can damage the equipment present in the manufacturing plant. All the factors mentioned above are forcing industries to take remedial steps to tackle the odor problems at their manufacturing plants, and odour control systems are perceived to the best choice. The breakdown of organic materials is very difficult to stop unlike a mechanical process.


Demand for odor control agents is rising along with the expansion of various industries such as paper, wastewater, and refineries, globally, especially in Asia Pacific and Western Europe. Expansion of industries such as pulp & paper, oil refineries, foundries, food processing, and textile is driving the global odor control agents market. Industry and government regulations to curb unwanted odor is fuelling the growth for the global odour agents system market. Various regulations are implemented by governments, which is anticipated to force many industrial plants to have odor control agents to enhance the quality of the air.


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Many underdeveloped and developing countries do not have stringent regulation regarding industrial odor control. Therefore, the odor control agents market in those countries is expanding at a low growth rate.


Based on geographic regions, the global odour control agents market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. In terms of volume and revenue, the Asia Pacific odor control agents market is projected to expand due to the expected expansion of industries such as paper & pulp, automotive, and steel. Europe and North America are also anticipated to expand at a significant growth rate due to the automotive industry.


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Key manufacturers operating in the odor control agents market are Synthron, Engage Agro, Rudolf GmbH, Vapor Technologies Inc., and Odour Neutralising Agent.


Viscose Market to Expand with Significant CAGR During 2025


Viscose is a type of rayon known as semi-synthetic fiber. It is manufactured from naturally occurring polymers. Viscose is manufactured from the solution of cellulose, primarily from wood pulp. Rayon is a fiber used in the manufacture of fabric. It offers properties similar to that of nylon. Viscose differs from other types of rayon due to its distinct manufacturing process and properties. Modal and lyocell are other types of rayon available in the market.


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Viscose is manufactured from regenerated cellulose. The material is broken down either mechanically or chemically and transformed into fibers. Viscose rayon is produced from cellulose of soy, bamboo, and sugarcane. In order to manufacture viscose, pulp of sugar cane, bamboo, or soy is treated with aqueous sodium hydroxide to form alkali cellulose. This alkali cellulose is then treated with carbon disulfide to form sodium cellulose xanthate. The xanthate is then dissolved in aqueous sodium hydroxide and allowed to depolymerize. After depolymerization, rayon fiber is produced from the ripened solution. The structure of viscose rayon is similar to that of cotton. Its appearance is akin to that of silk.


Viscose fabric, a soft and fine material, is primarily used in t-shirts, shirts, dresses, etc. It is also used in the manufacture of clothing for the medical industry. Viscose rayon is primarily employed in apparels, upholstery fabric, industrial clothing, and medical hygiene. Apparels, upholstery fabric, and industrial clothing segments account for key share of the viscose market. The medical hygiene segment is anticipated to expand during the forecast period. Demand for viscose fiber is anticipated to increase significantly in the near future due to the rise in global population, increase in standard of living, and growth in disposable income. Viscose is an eco-friendly product; thus, increase in awareness about eco-friendly products and decrease in production of cotton are estimated to augment the demand for viscose fiber. Prices of cotton are rising. This is adversely affecting the demand for cotton, as people are shifting toward substitutes. However, rise in competition from synthetic fibers and retaliatory tariff on viscose in the U.S. are projected to hamper market growth, especially in North America.


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Asia Pacific dominated the viscose market across the globe in 2016. It was followed by North America and Europe. China is a major producer and consumer of viscose fiber. This is driving the viscose market in Asia Pacific. Demand for viscose fabric in the region is driven by the growth in industries in developing countries such as China and India. High economic growth and significant investments in industries such as oil & gas, automotive, and construction are expected to boost the viscose market in Asia Pacific. Expansion in the health care sector and rise in government regulations requiring the implementation of safety measures are also propelling the viscose market in the region. The viscose market in Middle East & Africa is projected to expand at a faster rate due to the growth in end-use industries. Latin America held low share of the market in 2016.


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Key manufacturers operating in the global viscose market include Aditya Birla Group, Lenzing AG, Shandong Helon Textile Sci. & Tech. Co. Ltd., Tangshan Sanyou Group, Xingda Chemical Fibre Co. Ltd., and Kelheim Fibers.

Food-grade Alcohol Market to Record an Exponential CAGR by 2025

Alcohol, also known as ethanol, is a versatile product with applications ranging from food and pharmaceutical to industrial solvents. The food industry is a key user of alcohol. Alcohol is employed in the manufacturing of vinegar, flavours & extracts, candy glazes, food dyes, yeast, animal-feed supplements, and various food sprays. Commonly, a major difference between productions of fuel-grade ethanol and food-grade ethanol is the addition of a small amount of solvent or gasoline to the fuel-grade ethanol in order to make it undrinkable. The process of alcohol production does not necessarily employ food-grade equipment. The remaining process for alcohol production is mostly similar. There are three types of food grade alcohol: ‘Industrial-grade’ ethanol, either fermentation or synthetic origin, which has most of the impurities removed, ‘FCC (food chemical codex)-grade ethanol’, which includes heavy metal specification limits and ‘GNS’ (grain neutral spirits, highly pure-grade ethanol, which is used in beverages).


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Rising population and rapid urbanization facilitated the need for quality food products. Moreover, food grade alcohol is utilized for food preservation. These factors are estimated to drive the food grade alcohol market during the forecast period. However, stringent government regulations regarding the quality of food grade alcohol are anticipated to restrain the market to some extent in the near future. Alcohol-flavored food products are likely to provide lucrative opportunities for food grade alcohol in the near future.


Food grade alcohol is often molasses-based with a minimum of 94% to 99.99% volume/volume ratio. Food grade ethanol is commonly manufactured by using traditional methods, which include milling, fermentation, and distillation. In dry milling process, grains such as corn are crushed, mixed with enzymes and water, and heated. The liquid starch mash is further enzymatically treated in order to produce sugar. The produced sugars are fermented with the usage of yeast to yield carbon dioxide and ethanol. After the complete fermentation of the mash, it is distilled and further concentrated to produce ethanol. However, in wet milling, a similar process is employed, excluding the step where the grain is first immersed in dilute acid and water to enable separation of the grain into its components. Ethanol is required as a separating agent, cleaning agent, and also as a direct raw material in numerous food applications. Food grade alcohol serves as a natural preservative, not only in the production of food products but also in food packaging due to its unique characteristics.


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In the U.S., nearly 92% of alcohol consumed in a year is utilized for fuel applications, approximately 4% is consumed by food and beverage applications, with the remaining 4% as industrial chemicals and solvents. Asia Pacific held a majority share of the global food grade alcohol market in 2016 due to increasing demand from the food & beverage industry in the region. China and India are anticipated to considerably contribute to the development of the Asia Pacific food grade alcohol market. The food-grade alcohol markets in Europe, Latin America, and Middle East & Africa are estimated to expand at a sluggish rate during the forecast period.


Food-grade Alcohol Market: Key Players


Key players operating in the global food grade alcohol market include:Archer Daniels Midland,Wilmar International,MGP Ingredients,Cargill


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Metal Foams Market to Perceive Substantial Growth During 2025


Consisting of solid metal, a metal foam is a cellular structure with gas filled pores containing a large portion of the volume. These pores can be either interconnected (open-cell foam) or sealed (closed-cell foam). Only 5% to 25% of the volume of metal foam is base metal. Its high porosity makes it ultra-light material and this material gets the strength of from square-cube law. Metal foams can be made using materials such as tantalum, titanium, and aluminum.


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Metal foams are manufactured by creating air bubbles in the metallic melts. Due to high buoyancy forces these air bubbles tend to rise to the surface in the high-density liquid. This can be prevented by increasing the viscosity of molten metal. Metal foam finds its application in the manufacturing of vehicle parts, vessels, and components in machines. However, its application in automobile industry is gaining popularity as it provides a high strength structure with less weight. Using metal foams in vehicle parts reduces vibration and noise, increases stiffness, and absorbs impact energy, thus ensuring the vehicle performs well on road.


The closed-cell foams find their applications in structures that require load bearing features. They are also used for manufacturing of impact-absorbing and weight-saving structures in vehicles. Whereas, the open-cell foams are used for sound and vibration absorption applications. These are also used for filtration and catalysis for heat exchange. Furthermore they used in manufacturing of medical devices.


New research studies are favor of the use of titanium and tantalum alloys bone implant materials due to their biocompatibility and suitable physical properties. It is important to note that several research are underway to find new applications of metal foams and new types of metal foams. For instance, in November 2015, researchers at ETH Zurich, Switzerland have created an ultra-light foam from gold, which could be used in applications demanding low weight and high strength applications. The research and development in the field of metal foam is expected to create various new applications for metal foams, thus creating an environment conducive to the growth of the global metal foams market.


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A metal foam is a cellular structure consisting of a solid metal with gas-filled pores present over a large portion of the volume. The pores are sealed or interconnected depending on the method of production. The metals that are used to make metal foams include aluminum, titanium, and tantalum. Metal foams have many unique properties that make them an attractive material for components in machines, vessels, and other vehicles, mass products found primarily in cars – car body elements absorbing impact energy, increasing stiffness, and improving the comfort of usage by reducing vibration and noise.


In terms of method, the metal foams market can be divided into powder metallurgy, electro chemical deposition, vacuum vaporization, and casting method. In 2016, the powder metallurgy segment accounted for a significant share in the global metal foams market due to high yield and superior quality of the end product. The low production cost is estimated to drive the powder metallurgy segment of the metal foams market during the forecast period. Increasing demand for metal foams in end-use industries such as automotive, aerospace, construction, etc., is anticipated to boost the demand for metal foams.


In terms of end-use, the metal foams market can be segmented into automotive, aerospace, construction, Industrial, and consumer goods. In 2016, the automotive end-use industry segment held a significant share in the global metal foams market due to rising application of metal foams in the automotive industry. The major application of metal foams in the automotive industry is to reduce vibration and noise. In the construction industry, metal foams are employed to absorb sound.


In terms of region, the global metal foams market can be segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Asia Pacific was a major market for metal foams in 2016. It is estimated to expand due to the rising number of end-use industries in the region. Increasing demand for metal foams in the automotive sector is also likely to drive the market in Asia Pacific during the forecast period. The U.S. and China are likely to account for major shares in the metal foams market in North America and Asia Pacific, respectively, due to the evolution in fabrication in these countries. The global market is anticipated to witness a shift from developed countries to the developing economies of Asia due to expansion in the construction sector in the region. China and India are projected to register a high growth rate in the metal foams market due to the advancements in the end-use sectors, technological developments, and wide expansion in application range in these countries. This, in turn, is anticipated to create a significant demand for metal foams in Asia Pacific during the forecast period.


The global demand for metal foams is anticipated to rise significantly in the near future, offering immense growth opportunities for the market. The rapid rise in demand for this product in end-use applications, its competitive manufacturing costs, and the high economic growth rates are key factors propelling the metal foams market in Asia Pacific and attracting companies to adopt expansion and R&D strategies in the region. Market players are focusing on Asia Pacific to gain substantial market share. Producers of metal foams have been compelled to adopt expansion and acquisition strategies to meet the global demand. Several producers are shifting their plants to China and India due to the high demand and low raw material & labor costs in these countries. The developments in various end-use sectors in the region are predicted to fuel the need for metal foams during the forecast period.


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Key players operating in the global market include BASF SE, Evonik Industries, Rogers Corporation, SABIC Innovative Plastics, Armacell International, Stylepark AG, and Alantum.


Granite Market to Develop Rapidly by 2024


Granite is an igneous rock which is developed due to the interlocking between crystals of feldspar, quartz, and mica. Other minerals are also present in minor quantities. Granite constitutes about 70% to 80% of the Earth’s crust. It is majorly found as large mountain ranges.


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Different theories about the origin of granite have existed for more than 150 years. The two most prominent theories that exists currently are the hyper-metamorphic theory and the magmatic theory.


The color of granite depends on its mineral composition. It is predominantly found in white, gray or pink color.The term granitic is used for granite as well as such igneous rocks that have similar texture to that of granite, but somewhat different origin and composition. Granite-like rocks primarily comprise quartz, feldspar, and mica with some amphibole minerals. Their interlocking structure is slightly equigranular matrix of quartz and feldspar, with mica and amphibole scattered in between. This scattered presence of mica and amphibole minerals can be majorly observed in light-colored granites.


Granite is a hard stone and entails skill to hand-carve it. It is utilized for making sculptures, memorials, and gravestones. It has also been widely employed as flooring tiles and dimension stones. In modern architecture, granite slabs and tiles are used to make countertops, bar tops, fireplaces, staircases, murals, paving stones, and curbings. They are also utilized as building stones for bridges, memorials, monuments, and buildings. A form of granite, known as azurite granite, is primarily employed as a gemstone and also for construction purposes.


The usage of granite in household construction is increasing; however, there is concern regarding the radiations from granite being harmful to health. Granite is also a natural source of radiation similar to most natural stones. The concern regarding radiation has been raised due to reports of higher radioactivity in some granites. Alkali feldspar is a common constituent of granite. Potassium-40 is a radioactive isotope of weak emission and is abundantly present in alkali feldspar. Uranium and Thorium are also found in granite. Concern about granite building materials being health hazard arises due to these factors.


In the construction industry, the granite is employed in either the crushed form or dimensional form. Granite rock climbing is also popular as a sport, because of its soundness, steepness, friction, and crack systems. Consequently, artificial rock climbing walls in many theme parks and gyms are given the appearance and feel of granite.


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In terms of color, the granite market can be segmented into black, white, and colored. In terms of application, the market can be segmented into architecture, construction, and others.


Granite and related industries are considered to be some of the oldest industries in the world. The U.S., China, India, Brazil, Italy, Sweden, Germany, and Spain are major exporters of granite. According to the U.S. Geological Survey, domestic production of granite in the U.S. was estimated to be 1.48 billion tons in 2016. The granite was found in crushed stone form and was said to be valued at more than US$ 16.2 billion.


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Key players operating in the granite market include Ablegroup Berhad, American Marazzi Tile Inc., CaesarStone, Cosentino S.A., Craig Baker Marble Co. Inc., Levantina y Asociados Minerals SA, Dakota Granite, Daltile, Duracite Inc., JNR Granite Import & Export Ltd, Precision Countertops, Granite Transformations, American Marble & Stoneworks Inc., and Vangura Surfacing Products Inc.


Elemental Fluorine Market to See Incredible Growth During 2025



The elemental fluorine, owing to its extreme reactivity due to its being markedly electronegative, is not freely available in nature; rather it is found in the form of a number of fluorine minerals. The wide range of applications can be attributed to several characteristic properties of the elemental fluorine. Its extreme reactivity and being the lightest halogen available commercially, the elemental fluorine has a distinct edge over other halogens. The most common applications are in making fluorides, notably uranium hexafluoride, sulfur hexafluoride, and halogen fluorides and its vast applications in the nuclear industry. Since World War II, a burgeoning nuclear power production in various parts of the globe has had a considerable influence in the surge in the use of elemental fluorine.


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Substantial technological advances in the production process in recent decades have led to a wider availability of the pure gas, thereby boosting its applications in various end-use industries. The report offers a detailed and in-depth insight into the key growth drivers and restraints, notable trends, recent technological advances, promising avenues, and the competitive landscape. The study evaluates key factors driving the prominent segments and the emerging application prospects expected to impact the grow trajectory in the next five years.


Global Elemental Fluorine Market: Trends and Opportunities


The elemental fluorine market is driven primarily by a variety of uses in applications such as metallurgy, electronics and semiconductor, glass and ceramics manufacturing, and polymer manufacturing and processing. One of the most popular uses has been in the application of the element in the production of uranium hexafluoride, the compound that is used in the production of fuel for nuclear reactors and nuclear weapons through the uranium enrichment process. The widespread application of elemental fluorine for manufacturing of polytetrafluorethylene (PTFE) and polyvinylidene fluoride (PVDF) is a notable factor boosting the market. The growing use of fluorinated organic compounds such as in solvents and electrolytes in pesticides, lubricants, and battery is accentuating the growth of the market. The notable application of elemental fluorine in microelectromechanical systems and in several organic syntheses reactions, notably as fluorinating reagents and nitrogen derivatives, is a significant factor catalyzing the growth of the market. Owing to its robust oxidizing property, it is widely employed in the removal of Siliconoxide and Siliconnitride in the semiconductor industry.


However, the substantial cost incurred in the storage and handling as well for transportation of the gas is a crucial factor hampering the growth of the market to an extent. Nevertheless, the growing number of systems for on-site fluorine gas production and the rising application of the element in advanced electronegative compounds are significant factors expected to open lucrative avenues for market players.


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Regionally, Asia Pacific is an attractive market for elemental fluorine. The substantial demand and consumption comes from countries such as Japan, China, and South Korea. Furthermore, the rapid growth of a number of end-use industries and the swift pace of industrialization are factors accentuating the growth of this regional market.


Apart from that, the worldwide prominence of Mexico and parts of South Africa as being the regions holding the vast reserves for the element also posits these as attractive markets. Meanwhile, North America and Europe hold significant position in the global market, with the former expected to account for a steady demand over the assessment period. Furthermore, Latin America and the Middle East and Africa are also projected to rise at an attractive pace in the coming years.


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Companies mentioned in the report


Prominent players operating in the global elemental fluorine market include Pelchem SOC Ltd., Air Products and Chemicals Inc., The Linde Group, and Solvay S.A. A marked presence of regional manufacturers such as Kanto Denka Kogyo Co., Ltd., and Advance Research Chemicals, Inc. also influences the competitive landscape. The high cost of investment may prove as a deterrent for the entry of new players over the assessment period.


Microporous Insulation Market to Record Sturdy Growth by 2025


Microporous insulation refers to a composite material found in the form of fibres or compacted powder characterized by an interconnecting pore size which is comparable to the average free path of air molecules present at standard atmospheric pressure. Microporous insulation generally contains opacifiers to reduce the amount of transmission of radiant heat. Microporous insulation material is fully inorganic which makes it non-combustible and suitable for passive fire protection applications. The microporous insulation materials are less thick which makes them suitable to be used in high temperature environments such as in the aerospace industry, low temperature refrigeration and cryogenic applications and other industrial applications. Microporous insulation products and materials are a composition of fibres, silica, and specially developed infrared opacifiers which have the ability to reduce thermal heat transmission process by absorbing and reflecting the radiant heat.


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Microporous insulation materials are associated with some key features and benefits which helps to drive the growth of the global microporous insulation market. Some of the core benefits and features are, these products have exceptional thermal efficiency, they are low in weight coupled with high compressive strength, and they have the ability to increase operational efficiency and others.


High operational and manufacturing cost are the major drawbacks which are expected to create hindrances in the growth of the global microporous insulation market during the forecast period.


Further, emerging countries are developing the infrastructure of their industries which is expected to create further growth opportunities for the global microporous insulation market. Growth and development of existing and more industries will improve the demand for microporous insulation materials and products.


The global microporous insulation market has been segmented based on type of products, application and region.


Based on type of product, the global microporous insulation market has been further segmented into, flexible panels, rigid boards and panels and others. The flexible panels segment is expected to hold significant share of the global microporous insulation market.


Based on application, the global microporous insulation market has been further segmented into, industrial, energy and power, aerospace and defense, oil and natural gas, and others. The industrial segment has been further bifurcated into, iron and steel, glass, cement and others industry. While, the energy and power segment has been further bifurcated into conventional power generation, nuclear power generation, and fuel cells among others. Moreover, the oil and natural gas industry has been further bifurcated into, petrochemical and others industry and the aerospace and defense industry has been further bifurcated into naval and sea, aerospace and army munition. The aerospace and defense segment followed by the industrial segment is expected to hold considerable market share, however the oil and natural gas segment followed by the energy and power segment are expected to be the fastest growing segments respectively.


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Based on region, the global microporous insulation market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific is expected to hold a considerable portion of the global microporous insulation market during the forecast period owing to the presence of majority of the leading players in this region.


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The global microporous insulation market is highly fragmented with the presence of many leading players operating in this market. Some of the key players operating in the global microporous insulation market are, Zhongheng New Material Technology Co., Ltd., Laizhou Surya Thermal Insulation Material Co., Ltd., Sunsmed Protective Products Ltd., Tianjin Morgan-Kundom Hi-Tech Development Co., Ltd., Langfang Chaochen Thermal Insulation Material Co., Ltd., Beijing North Refractories Co., Ltd., Shandong Luyang (Luyang Energy-Saving Materials Co., Ltd.), Shanghai Nanovix Thermal Insulation Co., Ltd., Laizhou Mingguang Thermal Insulation Material Co. Ltd.,

Thermost Thermtech Co., Ltd., Siltherm International Group Limited, Nati Refractories Co., Ltd., Anhui Ningguo Hantai New Materials Limited Company, Kingspan Group PLC, and Zircar Ceramics Inc. among others.


Propylene Glycol Market to Perceive Substantial Growth During 2025

Propylene glycol can be defined as viscous, colorless, hydroscopic liquid, having a low degree of toxicity with a faint sweet taste. It is the product of chemical reaction between propylene oxide and water. It has a unique property of being chemically neutral which means it does not react with other chemicals or compounds. This unique property of propylene glycol makes it useful in the production of contrasting elements such as perfumes. Owing to its hygroscopic nature it is miscible with acetone, water, and chloroform. It is used as solvent, acts as an emulsifier and excipient, holds and dissolves active ingredients equally in the medium, and reduces freezing points. It is commonly manufactured in two grades namely, industrial grade or technical grade and USD/EP grade. Propylene glycol is used in wide variety of applications namely cosmetics & personal care products, unsaturated polyester resins, liquid detergents, functional fluids and antifreezes. Whereas dipropylene glycol is used in plasticizers, unsaturated polyester resin, and personal care applications. Tripropylene glycol is used in the production of acrylates and polyurethanes. Propylene glycol is also used as a humectant, preservative in tobacco and food products, solvents and as a major constituent of e-liquid that is used in electric cigarettes with vegetable glycerin.


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The market for propylene glycol can be segmented on the basis of source into petroleum based and bio based. Based on applications, the market for propylene glycol can be divided into food, pharmaceuticals & cosmetics, liquid detergents, unsaturated polyester resin, antifreeze & functional fluids, plasticizers, and others. On the basis of end use industry, the market for propylene glycol has been segregated into building & construction, food & beverage, transportation, pharmaceuticals & cosmetics, and others.


The market for propylene is anticipated to witness strong growth during the forecast period owing to the growth of various end user industries. In terms of source segment, petroleum based held significant share of the market in 2016 owing to its active usage in transportation and building & construction industries. However, bio based segment can be considered as fast growing owing to the shifting focus of market towards whole sustainable green package. In terms of application, unsaturated polyester resin held prominent share of the market in 2016 which is anticipated to witness strong growth during the forecast period. Unsaturated polyester resin is followed by food, pharmaceuticals & cosmetics segment in 2016. Ascending building & construction industry, coupled with increasing investments in emerging economies such as China, India, and Brazil for the infrastructural development is driving this segment. In terms of end use segment, transportation segment is anticipated to be fast growing, owing to the increasing sales of automobiles. Moreover, the increase in the use of propylene glycols in applications such as aircraft deicing fluid, automotive coolants, and hydraulic & brake fluids, is also driving this end-use industry.


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Geographically, Asia Pacific held significant share of the market in 2016 owing to the rapid industrialization and improving living standards of people in emerging economies such as India and China. Robust automotive manufacturing industry is the key factor propelling the growth of this market in Asia Pacific. Demand for unsaturated polyester resins is heavily influenced by regional construction industry trends and the overall health of local economies. They are consumed primarily in the construction, marine and transportation industries. Thus growth of unsaturated polyester resin market in Europe is driving propylene glycol market.


Key players operating in the market of propylene glycol are BASF SE, Lyondellbasell Industries N.V., Huntsman Corporation, and The DOW Chemical Company.