Chemicals Research, Business & Intelligence

Tuesday, August 31, 2021

Fluoropolymer Market Size is Expected to Grow a CAGR of 5.32% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Fluoropolymer Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030” Fluoropolymer market witnessed a strong demand in the past five years and is projected to achieve a CAGR of 5.32% owing to their specific applications where other materials don’t work efficiently coupled with its extensive use in protecting and insulating wires to prevent them from overheating and potential fires.

Fluoropolymers are fluorocarbon-based polymers as well as high performance-based plastics that have wide range of applications due to their versatile properties such as chemical resistance, thermal stability, strong abrasion and weather resistance, cryogenic properties, low dielectric constant, low friction coefficient and flame resistance. The major end use industries for Fluoropolymers are Automotive & Aviation, Chemical processing, Textiles, Semiconductors and electronics, Domestic goods, Fabrics and Medical. Based on end use demand, chemical processing dominates the global fluoropolymers market. Additionally, fluoropolymers due to their superior mechanical and chemical properties, are used in the inner and outer lining of heavy-duty machineries, heat exchangers, process equipment, pumps, and most importantly to process lines/pipes that are responsible for the transportation of corrosive and hazardous chemicals from one place to another in chemical and processing industries.

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On the basis of type, Fluoropolymers are segmented into Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), Polyvinylidiene fluoride (PVDF), Fluoro elastomers and Others (ECTFE, PFA) etc. Among these, PTFE is the most lucrative segment as it is used as a non-stick coating for pans and other cookware, bakeware, and appliance surfaces along with medical goods such as surgical patches and cardiovascular grafts. As Fluoropolymers are durable, easy to maintain and cost-effective alternative to exotic metals for using in high temperature and adverse weather conditions making them most desirable and highly valuable in electronic and electrical applications such as insulations. Similarly, due to their unmatched mechanical properties, chemical and temperature resistance, they are highly preferable in Aviation as well as automotive industry. Owing to all these applications of Fluoropolymers and their types, its market is anticipated to show a tremendous growth in the forecast period.

In the first half of 2020, Coronavirus outbreak had serious repercussions on the global Fluoropolymer market. The Automobile and Chemical industry was terribly hit due to disruption in demand and supply chain due to the lockdown restrictions across various economies. Additionally, the outbreak even exacerbated the production of fluoropolymers and its derivatives due to the lockdown and demands were low. However, the stable demand for electrical and electronic goods around the globe kept its market steady amid the crisis. However, since the relaxation, Fluoropolymer market paved its way back on resumption of industrial activities. As per Analysts, owing to its wide range utilization in different industrial domains it is anticipated to witness a trajectory growth in the demand of Fluoropolymers.

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Global fluoropolymers market is dominated by Asia Pacific region due to its intensive demand from Automotive, Chemical, electronics and consumer end user industries from countries such as China, India, South Korea, Japan. This region is the manufacturing hub of automobile and electronics, contributing to the increased demand of fluoropolymers in the forecast period. Additionally, a significant growth in the United States and Europe is expected in Fluoropolymer market in the upcoming years.

According to ChemAnalyst report, “Fluoropolymer Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. Major players operating in the global Fluoropolymer market include Daiken Industries Ltd, The Chemours Company, Solvay SA, Gujarat Flouropolymers, 3M, AGC Chemicals, The Dongyue Group, Halopolymer OJSC, Hubei Everflon polymer, Arkema Group, Shanghai 3F New Material Co Ltd, Zhejiang Juhua Co Ltd.

“Global Fluoropolymer market being linked to Chemical, consumer goods and automotive industry primary along with other applications in electronics and electricals, has shown a robust growth in the past few years and the trend is likely to continue until 2030. Moreover, its rising demand from Aviation industry due to its properties like light weight, chemical, temperature and flame resistance is expecting to propel the market for Fluoropolymers in the forecast period. In addition, for stadiums, airports, offices and other structures, the glass fiber fabric coated with PTFE is engineered into roofing and enclosed spaces because of its excellent resistance to weather, flame resistance and easy cleaning which is expected to project appreciable gains to the global Fluoropolymers market during the forecast period. With new competitors emerging across the Asia Pacific Fluoropolymer market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years. “said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Butadiene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030.

https://www.chemanalyst.com/industry-report/butadiene-market-623

Polymer Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Product Type, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.

https://www.chemanalyst.com/industry-report/polymer-market-306

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ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

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Ethylene Vinyl Acetate (EVA) Market: Global Industry Size, Share, Growth, Analysis, Trends and Forecast 2030

According to ChemAnalyst report, “Global Ethylene Vinyl Acetate (EVA) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Ethylene Vinyl Acetate (EVA) market is likely to experience a significant increase by reaching 6000 thousand tonnes in 2035, at an expected CAGR of 5.68% during the forecast period. The increasing demand of Ethylene Vinyl Acetate (EVA) from Footwears, Adhesives, Packaging, Photovoltaic Cell, and others end-use industries, is anticipated to hike the demand for Ethylene Vinyl Acetate (EVA) market in the coming years.

Ethylene Vinyl Acetate (EVA) is a copolymer of vinyl acetate and ethylene. This is a crack-resistant resin that offers high flexibility, resistance to low temperatures as low as -70degree Celsius coupled with good strength, and resistance to chemicals. This makes it a suitable material for making footwears. It is also used to make automobile components, hose, toys, flexible packaging films, athletic goods and much more.

The Ethylene Vinyl Acetate (EVA) market across the globe is driven by the footwear industry. In 2021, the Footwear Industry consumed more than 50% of the global EVA. The high coefficient of friction, high durability, water-resistance, and crack resistance are the key factors for the utilization of EVA as a raw material for manufacture of footwears. Moreover, EVA also shows high bonding properties with different materials due to which it is used for manufacture of adhesives. EVA adhesives are far superior to vinyl-based adhesives and can adhere to a wide array of materials, paving way for the growth of the global Ethylene Vinyl Acetate (EVA) market in the coming years.

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The Ethylene Vinyl Acetate (EVA) market is segmented based on end-use, sales channel, and region. Based on end-uses, the Ethylene Vinyl Acetate (EVA) market is segregated into Footwears, Adhesives, Packaging, Photovoltaic Cell, and others. The Footwear industry is the dominating the global Ethylene Vinyl Acetate (EVA) market and is anticipated to remain the most significant consumer in forecast period. The adhesives and packaging industry also holds a prominent market share of the EVA market. Furthermore, it is projected that the demand for ethylene vinyl acetate (EVA) is anticipated to be propelled by the photovoltaics industry, where solar panels use EVA as an adhesive.

Asia Pacific dominates the global Ethylene Vinyl Acetate (EVA) market, consuming about with a demand of approximately 50% of the global Ethylene Vinyl Acetate (EVA) among all other regions. Owning up to increasing industrial applications and consumer goods, the demand of packaging material will grow which is anticipated to further swell the demand of EVA in the forecast period.

“Global Ethylene Vinyl Acetate (EVA) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Ethylene Vinyl Acetate (EVA) market include ExxonMobil Corporation, Sinopec, Hanwha Total Petrochemical, Formosa Plastics Corporation, BASF-YPC, Dow, Shaanxi Yanchang Zhongmei Yulin Energy Chemical Co., Ltd, and others.

“The surging demand of Ethylene Vinyl Acetate (EVA) due to its high coefficient of friction and durability is driving its usage to manufacture footwear which is expected to drive the Global Ethylene Vinyl Acetate (EVA) market in the forecast period until 2035. Continuous growing demand for Ethylene Vinyl Acetate (EVA) due to its excellent binding properties is responsible for its applications in various industries such as the Photovoltaics Industry, which contributes finely to the Ethylene Vinyl Acetate (EVA) market expansion in the coming years “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Thermoplastic Elastomers Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

https://www.chemanalyst.com/industry-report/thermoplastic-elastomers-market-567

Adhesives Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Form, Type, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

https://www.chemanalyst.com/industry-report/adhesives-market-105

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Monday, August 30, 2021

Sulphur Fertilizers Market: Global Industry Size, Share, Growth, Analysis, Trends and Forecast 2030

According to ChemAnalyst report, “Global Sulphur Fertilizers Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Sulphur Fertilizers market witnessed a steady growth in the historic years and is estimated to achieve a CAGR of 5% in the forecast period owing to its constant demand from Agriculture sector. Increasing Sulphur-deficiencies in the soils because of intensive agricultural production and reduced atmospheric Sulphur deposition due to strict regulations by governments on Sulphur emissions will drive the demand for Sulphur Fertilizers in the forthcoming years.

Sulphur Fertilizers are the fertilizers containing Sulphur along with other nutrients, such as potassium or nitrogen. Sulphate fertilizers dissolves quickly and easily available to growing crops. The different types of Sulphur fertilizers are Ammonium Sulphate, Potassium Sulphate, Single Superphosphate, Ammonium Phosphate Sulphate, Magnesium Sulphate and Liquid fertilizers with Sulphur as thiosulphate etc. As Sulphur is a necessary element for plant growth and development owing to its role in the formation of amino acids, proteins, and oils and helps crop in retaining moisture and nitrogen uptake therefore its deficiency in soils lead to a major challenge for the farmers to increase their crop yield and quality. It consequently surges the demand for high performance Sulphur Fertilizers that could enable farmers to increase the productivity, oil content and nutritional quality of the crop along with their profitability. These factors are likely to boost the Sulphur Fertilizers market in the forecast period.

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Moreover, to meet the demands of the growing population, Global food Security bodies such as Food and Agricultural Organization of the United Nations (FAO) and the International Fertilizer Association (IFA) are putting efforts towards adapting better agricultural practices to elevate the crop productivity that also draw attention towards the use of Sulphur Fertilizers. Based on type, the market has been segmented into Sulphates, Elemental Sulphur, Sulphate of Micronutrients and Others. Sulphates are likely to dominate the Sulphur Fertilizers market during the forecast period as they are easy to uptake by the plants as they provide Sulphur in the more accessible sulfate (SO²⁻₄) form. Whereas, on the basis of types of crops, Oilseeds & Pulses holds the major share for the consumption of Sulphur Fertilizers as this segment forms a staple diet for millions or serve as high-value ingredients for several food products are widely cultivated across several developing regions of the world. Hence the demand for Sulphur fertilizers is driven by the strong underlying agricultural markets.

There was the minimum effect on the Agrochemicals industry throughout the Covid crisis as there was no direct impact of Covid on agricultural sector except macroeconomic uncertainty across agri-food markets trickled down severe implications on the global fertilizer production, but the demand was stable in the first half of FY20. However, since the latter half of 2020, the demand for Sulphur Fertilizers is up substantially compared to the historic times owing to the awareness about its role in the growth and development of the plant coupled with the pressure on farmers to attain better quality crops and high production with the increasing population and shrinking agricultural land.

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Regionally, North America dominates the Sulphur Fertilizers market and holds the largest market share. Its large agriculture area and awareness among growers about the latest farming techniques will drive the market growth. Asia-Pacific region holds the highest market potential with increasing demand for high-quality agriculture produce supported by rising population and regional policies favoring the domestic fertilizer production. Moreover, fertilizers industries are in abundance in the Asia pacific region to meet the demands of large consumer base being China is the largest consumer of fertilizers followed by India.

According to ChemAnalyst report, “Global Market By Global Sulphur Fertilizers Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Some of the major players operating globally in Sulphur Fertilizers market are Yara International ASA, The Mosaic Company, Nutrien, Ltd., , Nufarm Limited, Hafia International Co., Coromandel International, Compass Minerals, Koch Industries, Inc., Deepak Fertilizers and Petrochemicals Ltd., The Kugler Company etc.

“Being linked to the agriculture sector the global market for Sulphur Fertilizers has shown a robust growth alongside growing population and high demand to enhance the crop’s quality and yield. Moreover, factors like various govt. policies and initiatives to boost agricultural domain and expansion in the production capacity of fertilizers by the manufacturers are going to fuel the market. With new competitors emerging across the Asia Pacific Sulphur Fertilizer market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Global Water-Soluble Fertilizer Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030.

https://www.chemanalyst.com/industry-report/water-soluble-fertilizer-market-600

Global Nitric Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

https://www.chemanalyst.com/industry-report/nitric-acid-market-615

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Sunday, August 29, 2021

Liquid Nitrogen Market is Expected to Grow at a CAGR of 5.5% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Liquid Nitrogen Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Global Liquid Nitrogen market has shown considerable growth in historic period and is anticipated to achieve a healthy CAGR of 5.5% during the forecast period. Growing demand of Liquid Nitrogen due to its non-inflammable and non-toxic properties in research labs and in cryotherapy to remove the skin abnormalities like warts and actinic keratosis is expected to boost the global Liquid Nitrogen market in the upcoming years. The manufacturing of Liquid Nitrogen is highly associated with safety concerns on human health as well as environment before it can be used which further enhances the compliance standards.

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Liquid Nitrogen is a cryogenic liquid which is colorless, odorless and extremely cold in nature. It is basically a liquefied form of Nitrogen that is produced by the process of fractional distillation of liquid air. The demand of Liquid Nitrogen is extremely high in various sectors due to its numerous applications such as cryopreservation of biological samples, removal of skin lesions, coolant for superconductors, freezing and transporting food products and others. Liquid Nitrogen is extensively used as a cryogen to perform cryosurgery and it also helps in grinding plastics or pulverization cryogenically. There are many technologies that are used for the manufacturing of Liquid Nitrogen with a range of specifications like purity, usage, portability, pattern and power consumption. The more cost-effective and suitable method than the traditional cryogenic distillation technology is Pressure Swing Adsorption (PSA). The exponentially increasing demand of Liquid Nitrogen by Food and Beverage industry due to its remarkable properties of cooling and refrigeration is likely to augment the global market growth of Liquid Nitrogen. LN2 is proven extremely beneficial in the retail food and beverage industry as it is widely used in restaurants for freezing food and drinks and for manufacturing ice creams and cocktails.

Liquid Nitrogen is also used in food packaging industries as it protects food from rancidity and going stale. Other industrial applications of Liquid Nitrogen include rubber removal, temporary ground freeze, shrink-welding of machinery, metal hardening, pipe freezing etc. Growing demand for Liquid Nitrogen from end-user industries including healthcare, Automotive, metal production and others coupled with cost advantages associated to its production, would drive the consumption of Liquid Nitrogen in the forecast period. In the pharmaceutical industry, growing use of Liquid Nitrogen to restore the cold reaction temperature during production of medicines is expected to provide a strong impetus to the Nitrogen market worldwide over the next five years. Moreover, with the rise in applications for cryotherapies, cryosurgeries, and cryopreservation for curing skin, removing skin tags, skin cancers, and moles would further accelerate the consumption of Liquid Nitrogen across the medical sector. Many leading players are merging with new companies to strengthen the R&D department and improve the product portfolio and market footprint.

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In 2020, Due to the consequence of COVID-19, Due to nationwide lockdowns and government restrictions by major emerging economies, many industries halted their operations which further impacted the global market. However, The demand of Liquid Nitrogen from food and beverage and healthcare sector declined due to the nationwide lockdown and government restrictions.

Region wise, North America holds the largest market share of the global demand of Liquid Nitrogen followed by APAC. Rising number of manufacturers and suppliers in region of North America is expected to strengthen the global supply-chain. Emerging countries like India and China in the Asia Pacific region have bolstered the market in recent years.

According to ChemAnalyst report, Global Liquid Nitrogen Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in Global Liquid Nitrogen market include L’Air Liquide SA, Air Products and Chemicals,Inc., Messer Group Gmbh, Linde Group, Praxair Inc., Taiyo Nippon Sanso, Nexair LLC., Southern Industrial Gas BHD, Emirates Industrial Gases Co. LLC.and Gulf Cryo. and Others.

“Being linked to the downstream applications in the Food & Beverage industry, the Global Liquid Nitrogen Industry has shown an impressive growth along with the increasing population and changes in the preference of costumer. It is projected that India will become one of the biggest consumer markets of Liquid Nitrogen during the forecast period. In addition, growing per capita income worldwide poised a stronger outlook to the country’s Liquid Nitrogen demand. Due to the Pandemic, Nationwide lockdowns around the world had affected the global supply chain logistics and happens to cause immediate shortage of raw materials which led to the increase in the prices of Liquid Nitrogen. Meanwhile, China serves as the major holder with latest technologies. With new competitors emerging across the Liquid Nitrogen market, it is extremely important to keep an eye on which region will grab the biggest market shareduring the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Global Isopropyl Alcohol (IPA) Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030

https://www.chemanalyst.com/industry-report/isopropyl-alcohol-ipa-187

Global Ethanol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

https://www.chemanalyst.com/industry-report/ethanol-market-594

About Us

ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award-winning research-based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

For more information, please visit us at www.chemanalyst.com

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Wednesday, August 25, 2021

Methanol Market: Global Industry Size, Share, Growth, Analysis, Trends and Forecast 2030

According to ChemAnalyst report, “Global Methanol Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Global Methanol market has shown considerable growth in historic period and is projected to achieve a healthy CAGR of 4.97% during the forecast period 2022-2030. Growing demand of Methanol due to its properties for numerous applications by Construction, Automotive, Paint, Electronics, Fuel, Pharmaceutical and other industries is likely to bolster the global Methanol market in the upcoming years. Methanol is highly used as a feedstock chemical to produce Acetic acid and Formaldehyde which is further used in various products like foams, adhesives, solvents etc.

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Methanol CH₃OH is also known as Methyl Alcohol or wood alcohol is a polar solvent. It is light, volatile, colorless, flammable and poisonous with a distinctive odor in nature that is somewhat milder and sweeter than ethanol. It is also widely used as an antifreeze, solvent, fuel, and for denaturing ethyl alcohol at room temperature. Methanol is used in the manufacturing of fuels and solvents. Methanol also finds its applications in production of MTO (Methanol to Olefins). About 65% of the methanol is produced naturally and 35% by using coal. Due to increasing pollution, the need for the environment friendly fuels is also increasing. Methanol is highly used as an alternate to reduce the carbon footprints. Blending of Methanol is one of the newly introduced practice that is gaining attention as it is approximately 240 times safer than Biodiesel.

Methanol and its derivatives including acetic acid and formaldehyde are extensively used as base materials in synthetic fabrics and fibers, acrylic paints, clothing, adhesives, paint, and other products. The demand of methanol derivatives is driving the construction, agrichemical and pharmaceuticals industry. As methanol is extremely efficient and easily available, its demand is increasing in the automotive industry as an antifreeze agent and blended transportation fuel. Adoption of methanol as a blended fuel in various transportation systems due to the environmental concerns is expected to act as a driver for the market growth of Methanol. Increasing demand for bio-based products, the development in emerging technologies for biorefining and the application of methanol as various fuels like marine, DME etc can be leveraged by the industry to get towards the anticipated growth. Due to the Increased consumption of methanol in order to produce dimethyl ether (DME) and Methyl tert-butyl ether (MTBE), Its utilization as the alternate for gasoline, is expected to accelerate the growth in upcoming years. Due to the surging demand of Methanol, many key players are expanding their businesses to draw new ideas and innovations to introduce Bio-based Alternatives of Methanol for consumers. Many players are merging with new companies with strong R&D department and to improve the product portfolio and market share. Methanex Corporation, one of the leading players of global Methanol market has acquired two methanol plants from Fletcher Challenge Ltd. To expand construction and agricultural activities during forecast period.

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In 2020, Due to the consequence of COVID-19, There was a decline in the demand of methanol, and the prices went lower in comparison to previous years. One of the largest manufacturers of methanol, Methanex Corporation halted their operations which affected the sales and demand of Methanol. China being one biggest importer also came to pause due to shutdown of the Methanol producing Industries

Region wise, Asia Pacific region holds the largest share of the global Methanol market due to high demand in construction and automotive sector. Increasing demand of biobased methanol derivates is also a factor driving demand growth in Europe during the forecast period.

According to ChemAnalyst report, Global Methanol Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in Global Methanol market Methanex Corporation, Methanol Holdings Trinidad Limited, SABIC, Zagros Petrochemical Co., Yankaung Group Private Limited, OCI Beaumont, Petronas Chemical Group, Mitsubishi Gas Chemical Company, Mitsubishi (MSK) etc.and Others.

“Being linked to the downstream application such as paint, automotive and coatings etc, the Global Methanol Industry has shown a significant growth along with the increasing population and changing in the consumer preference. It is projected that India is expected to become the world's fifth biggest consumer market in coming years. In addition, growing per capita income worldwide poised a stronger outlook to the country’s Methanol demand. The nationwide lockdowns around the world due to crises affected the global supply chain logistics and happens to cause immediate shortage of raw materials hence increased the prices of Methanol. Meanwhile, China serves as the major holder with emerging technologies. With new competitors emerging across the Methanol market, it is extremely important to keep an eye on which region will grab the biggest market shareduring the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Global Ethanol Derivatives Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

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Global Biodiesel Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

https://www.chemanalyst.com/industry-report/biodiesel-market-570

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Tuesday, August 24, 2021

Isopropyl Alcohol (IPA) Market (6.02% CAGR) 2030: Global Industry Size, Share, Growth, Analysis, Trends and Forecast

According to ChemAnalyst report, “Global Isopropyl Alcohol (IPA) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Global Isopropyl Alcohol market has shown a significant growth in historic period and is anticipated to achieve an impressive CAGR of 6.02% during the forecast period until 2030. Due to rapid industrialization and infrastructure investments across the emerging economies, the demand of Isopropyl Alcohol from various industries including cosmetics, Personal care, pharmaceuticals, electronics and others is likely to augment the global Isopropyl Alcohol market in the upcoming years. The production of Adhesives is highly associated with safety standards of environment and human health, which further enhances the compliance standard.

Get more information: https://www.chemanalyst.com/industry-report/isopropyl-alcohol-ipa-187

Isopropyl Alcohol is a structural isomer that possess the antibacterial properties. It is colorless and flammable in nature. IPA is synthesized by the reaction of Propylene with Sulphuric Acid which is further followed by Hydrolysis. Its production takes place by three routes, i.e., Indirect hydration of Propylene; direct hydration of Propylene; catalytic hydrogenation of Acetone. The most used process for the production of IPA is Propylene-based in the current market scenario, whereas the Acetone-based process is being phased out gradually. LG Chem Ltd. is the only Acetone-based manufacturer of Isopropyl Alcohol in the world. Alcohol is usually mixed with the water for antiseptic uses in the form of rubbing Alcohol. It is extensively used in cosmetics as lotions, drugs, detergents, Adhesives and sealant chemicals, fuels and fuel additives, intermediates, non-pesticidal agricultural chemicals, lubricants and others. IPA is easily miscible with water, ethers, ethanol and other solvents. Due to its quick evaporating, non-toxic and leaving no oil traces properties, it is highly used in solvents. The increasing demand of IPA in pharmaceutical sector for the production of hand sanitizers and disinfectants has tremendously increased amid pandemic which boosted the Isopropyl Alcohol market worldwide. The Solvent segment is a major growing segment of IPA due to its high consumption across the word.

Being extremely safe and highly evaporative, Isopropyl Alcohol is widely used for sterilization purposes in the medical sector. Increasing demands from consumers would enhance the consumption of IPA and its derivatives in cosmetics and personal care products. IPA is also used in electronics industry as a cleanser and is likely to witness a record growth during the forecast period as technology penetration in emerging countries would rise substantially. Many major players have gone for capacity expansions and merging acquisitions to accommodate for the sudden surge in demand of Isopropyl Alcohol in the US and Asia-Pacific.

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In 2020, due to the outbreak of Covid-19, The Isopropyl Alcohol market was significantly impacted during the pandemic due to government restrictions on travel ban and nationwide lockdowns which further affected the global supply chain. Many companies halted their operations which hindered the sales and demand from various industries. However, the demand from pharmaceutical sector for hand sanitizers, disinfectants, antiseptics and others has exponentially increased due to Covid which propelled the overall market of IPA worldwide.

Region wise, Asia Pacific region holds the largest share of the global Isopropyl Alcohol market followed by North America and Europe. The APAC market of IPA is driven by the rapid growth in pharmaceutical and healthcare, cosmetics and personal care sector, and few industries including food and beverages, chemicals and others.

According to ChemAnalyst report, Global Isopropyl Alcohol Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in Global Isopropyl Alcohol market are The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., LG Chem Ltd., Royal Dutch Shell Plc., United States Petroleum & Chemical Corporation, Clariant AG, Honeywell International Inc., JXTG Nippon Oil & Energy Corporation, Mitsui Chemicals Inc., INEOS Enterprises, Deepak Fertilisers and Petrochemicals Corporation Limited etc. and Others.

“Being linked to the downstream application such as cosmetic, Pharmaceutical, electronics and others, the Global Isopropyl Alcohol Industry has shown a significant growth along with the growing population and change in the consumer preference. It is anticipated that India is expected to become the world's fifth largest consumer market in the upcoming years. In addition, growing per capita income worldwide poised a stronger outlook to the country’s acetone demand. The nationwide lockdowns and restrictions due to the global crises around the world affected the supply chain logistics and happens to cause immediate shortage of raw materials hence increased the prices of Isopropyl Alcohol. Meanwhile, China serves as the major holder as well with sufficiently installed capacities. With new competitors emerging across the Isopropyl Alcohol market, it is extremely important to keep an eye on which region will grab the biggest market shareduring the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Hydrogen Market (7.95% CAGR) 2030: Global Industry Size, Share, Growth, Analysis, Trends and Forecast

According to ChemAnalyst report, “Global Hydrogen Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the demand for Hydrogen in the forecast period is projected to grow at a healthy CAGR of around 7.95 per cent on the back of rising awareness for deployment of renewable energy resources and increasing number of government initiatives to support the green Hydrogen movement to safeguard the concerns regarding consistent environmental degradation. In addition, increasing usage of Hydrogen as an industrial fuel in substitute of the ones emitting high sulfur and carbon content is contributing well to upscale its demand in the coming years. For a long-term full-fledged goal, it will require Hydrogen as an alternative to support the deep decarbonation idea.

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Hydrogen is a flammable gas with slight carbon emission and find applications in various domains such as production of chemical derivatives, in building and construction by blending into pre natural gas networks, followed by power generation and transport. Presently, natural gas followed by coal are the prime feedstocks being utilized for the production of Hydrogen. Hydrogen is not just regarded as an energy source but a carrier of chemical energy. It is viewed as a highly versatile compound since it can be produced from various energy sources such as natural gas, coal, biomass, wind, hydroelectric power etc., and and can also be utilized to make diverse fuel derivatives like synthetic liquid fuels, methane, ammonia, methanol and others.

Nowadays, Hydrogen is being produced using diverse technology however, majority of Hydrogen is still being extracted from fossil fuels. Presently, natural gas followed by coal are the prime feedstocks being utilized for the production of Hydrogen. Just 0.1 per cent of Hydrogen globally is produced via the electrolytic process. Depending upon the three major routes of production it is categorized as green, blue, and grey Hydrogen. Green Hydrogen is mainly produced by renewable electricity or nuclear energy, blue Hydrogen is produced via steam reforming method using steam and biomass through carbon capture, storage, and utilization whereas the production of grey Hydrogen is undertaken by the same method but without carbon capture. Grey Hydrogen thus accounts for a wide share of present production capacity.

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Unprecedented outbreak of Coronavirus in the final quarter of FY-20 has significantly impacted key renewable energy markets. Due to abrupt lockdown and force measures implied in various countries, the demand for industrial Hydrogen has suffered a huge blow. Moreover, European countries like France, Portugal, Spain, Italy and Germany have faced serious repercussions due to delay in scheduled projects along with severe decline in finances due to unavailability of manpower and challenges associated with planned execution. However, surge in the demand for Hydrogen is witnessed since the resumption in market activities across the globe. As per the industrial experts, it is anticipated that investment in development of green Hydrogen economy can serve the overall mankind with affordable and clean energy system and can create potential markets for Hydrogen applications, products and equipment in the next five years. Furthermore, new investments in times of critical global recession can add up new opportunities for employment and growth. However, the predicted results will require huge support from government in terms of funding and incentives. If the roadmap to new Hydrogen economy is followed as planned, then it can provide tremendous gains to Global Hydrogen manufacturing industry. But a challenge in Hydrogen transportation and storage can be a minor roadblock in achieving the desired gains in the expected time margins. As renewable energy is being characterized as the ‘New Normal’ there exists vivid opportunities for new manufacturers to enter the market and reap first movers’ benefits, this factor will drive the market for Hydrogen in the Forecast period.

To support green Hydrogen economy, the start-up and scale-up of competitive and innovative Hydrogen production company is anticipated to largely fuel the Global Hydrogen market by 2030. However, the challenge ahead is the transformation of existing natural gas pipeline to Hydrogen pipeline. Moreover, the construction and maintenance of Hydrogen fueling stations and port facilities for active transportation of the gas is another pivotal factor that could demonstrate the growth of Hydrogen market in the coming years. With European Union and several other governments leaned to adopt Hydrogen as a niche fuel in the future to battle the degrading environment, a large number of investments are anticipated to happen with various companies entering the green Hydrogen market in search of new profit bearings. The idea of green Hydrogen is at its most early phase and requires huge innovations backed by large government funding to take it to next level globally.

The Global Hydrogen market is anticipated to witness a commendable growth with majority of the consumption share coming from Asia Pacific (APAC) Region owing to the increasing industrial operations in countries like China, India and South Korea. In addition, China’s setup of a new Hydrogen city with an altogether investment of 290 million to brace new research and development operations and build transport and storage facilities along with large scale production of Hydrogen fuel vehicles is the magnetic attribute towards the growth of Hydrogen market in Asia Pacific. Europe followed by Japan also showcase large plans for adapting to green Hydrogen economy to combat climate change. The market has portrayed tremendous growth in last few years, and it is expected to reach great heights in the forecast period.

Key Players:

Major players operating in the Global Hydrogen market include Air Liquide, Air Products and Chemicals, The Linde Group, Iwatani Corporation, Messer Group, Taiyo Nippon Sanso, Hydrogenics Corporation, Erredue, Claind, Ballard Power Systems, FuelCell Energy, Showa Denko, Ally Hi-Tech, Teledyne Energy Systems and others.

“Vision of transforming to a clean and green economy has made various countries to take ahead the renewable energy initiative with bound targets, funding’s, regulations and subsidies. However, along with the aim of decarbonizing the economies the present scenario has propelled it as a potential map that could resurrect the hard-hit economies post Covid-19. As investment in next generation Hydrogen plants can serve well in generating new opportunities like jobs and GDP for the present. As per the analysis, countries like US and China are equipped with all vital resources to produce Hydrogen for their needs and are hence anticipated to be the foremost countries idealizing this future vision. Although governments across the globe are contributing an appreciable share of funding’s but idea can only be practiced if Hydrogen produced via electrolysis becomes affordable to the masses in the coming years, which implies its present cost needs to cut down by nearly 50% to 60%.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Caprolactam Market: Global Industry Size, Share, Growth, Analysis, Trends and Forecast 2030

According to ChemAnalyst report, “Global Caprolactam Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. Caprolactam is a solid, colorless compound formed by utilizing Cyclohexane or Phenol and Ammonia as feedstocks. The chemical compound offers high tensile strength, abrasion resistance, elasticity, and high moisture absorbency. Global demand for Caprolactam is projected to grow at a healthy CAGR of 6.85% in the forecast period on the back of promising demand for Nylon 6 from textile industry along with automobile sector for the manufacturing of tyre cord. Increasing utilization of Caprolactam as an alternative for metal used in automotive, construction and electrical and electronic industry is anticipated to drive the demand for the product in the forecast period.

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Textile industry consolidates more than 90 per cent share of total production of Caprolactam worldwide. As textile industry has registered a high growth in last couple of years, demand for Nylon 6, a prime downstream commodity of Caprolactam has reached extreme heights due to increasing demand for materials with high absorbency and elasticity. Major raw material involved in the production of Caprolactam are Cyclohexane, Ammonia and Phenol. Other applications of Caprolactam include manufacturing of moulding engineering components, extrusion profiles and monomer castings.

In the first half of 2020, Coronavirus outbreak had serious repercussions on the global Caprolactam market. The textile industry was devastatingly hit on disruption of supply chain and lockdown restrictions across various economies implied to prevent the spread of contagion lead to the decline in demand and international sales of textile industry over 60 per cent, rattling the market sentiments of associated chemicals like Caprolactam. Moreover, the outbreak even exacerbated the slowdown in the automotive industry as both the productions and demands were low. However, the crises being faced in both the sectors was steadily released with the stable demand for electrical and electronic goods around the globe. Despite the plummeting fundamentals, Caprolactam market pave its way back on resumption of industrial activities and ease in lockdown restrictions by the end of 2020. As per Analysts, textile and Automotive industries are strongly resuming back consequently, the prolonged decline in the demand as well as prices of Caprolactam are registering significant recovery since the end of FY 20, tracing the buying sentiments of Nylon-6 across the international market.

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Caprolactam market is dominated by Asia pacific region across the globe owing to the presence of largest consumers like China, South Korea, Japan and India. In the past 5 years there have been decent investments in Caprolactam capacities majorly from Northeast Asia, for the production of Nylon 6. Factors like growing textile industry along with automotive sector in the region is expected to anticipate the demand of Caprolactam in the forecast period. However, in U.S. and Europe the market for caprolactam is expected to grow at a sluggish pace in the upcoming years. Moreover, BASF has incremented the price for caprolactam and its derivatives in North America owing to the surge in the demand from textile & automobile sectors coupled with the trajectory in the prices of raw materials because of the Gulf Coast winter freeze in February that leads to the shutdown of Caprolactam’s feedstock plants resulting into the demand exceeding supply.

According to ChemAnalyst report, “Global Caprolactam Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. Major players operating in the global Caprolactam market include Sinopec Shijiazhuag Refining and Petrochemical Company, China Petrochemical Development Corporation (CPDC), Shangdong Haili Chemical Industry Co. Ltd, Fibrant, Ube Industries, Sumitomo Chemical Corporations, Toray Industries, Honeywell International Corporation, Royal DSM N.V., Lanxess AG etc.

“Global Caprolactam market being linked to textile and automotive industry primary along with other applications in electronics and electricals, has shown a robust growth alongside growing population and changing customers preferences. Moreover, its rising demand for the manufacturing of monomer castings, engineering parts, injection moulding, and speciality chemicals for leather industry are expecting to propel the market for Caprolactam in the forecast period. In addition, rebounding of the automotive industry in the next five years is projected to deliver appreciable gains to the global Caprolactam market during the forecast period. Moreover, the manufacturers are now focusing to offer low carbon footprint Caprolactam due to the rising environmental concern that also drive the expansion of caprolactam market in the upcoming years. With new competitors emerging across the Asia Pacific Caprolactam market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years”said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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