Chemicals Research, Business & Intelligence

Monday, January 3, 2022

Epoxy Resin Market Size, Share | Global Industry Analysis Report and Forecast 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Epoxy Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The Epoxy Resin market is likely to experience a significant increase by reaching 5000 thousand tonnes in 2030, at a CAGR of 4.05% in the upcoming years. In the upcoming years, the market for Epoxy Resin is anticipated to grow due to rising demand from end-use industries such as Paints & Coatings, Electrical & Electronics, Construction, Composite Materials, Adhesives, and Others.

Epoxy Resin is a thermosetting polymer with excellent bind adhesion strength. These resins possess properties such as corrosion resistance, high thermal stability, high mechanical strength, high chemical and environmental resistance, and high durability. These resins are widely employed as adhesives and find applications in numerous industries. Some of these industries are building & construction sector, solar cells, electronic appliances, and spacecraft sector.

Moreover, globally, the increase in demand for Epoxy Resin is majorly due to their properties. Epoxy resins are versatile resins with many applications. It is widely used as an adhesive for applications in the construction and automobiles. The market for Epoxy Resins is anticipated to be driven by rising demand for lightweight, high-performance materials from the construction and automotive industries owing to rapid urbanization. Furthermore, they are heavily used in the Paints & Coatings sector, which is anticipated to rise. Owing to the urbanization, the requirement of paints, coatings, varnishes, and adhesives is bound to rise, anticipated to swell the Epoxy Resin market. Moreover, its application as a sealant in solar cells and space craft parts is expected to expand the market by 2030.

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The Epoxy Resin market is segmented based on type, grade, end-use, sales channel, and region. Based on type, the Epoxy Resin market is segregated into Bisphenol A Based Resin, Bisphenol F Based Resin, Epoxy Phenol Novolac Based Resin, Cycloaliphatic Epoxy Based Resin, and Others. Bisphenol A Based Resins are driving the market growth and mostly employed for manufacturing polycarbonate plastic. Based on grade, the Epoxy Resin market is segregated into Liquid, Semi-Solid, and Solid. Liquid Epoxy Resin dominates the market which are useful for a range of industrial applications including Fiberglass casting, floor covering, sealants, coatings, and encapsulants.

Based on end-uses, the Epoxy Resin market is segregated into Paints & Coatings, Electrical & Electronics, Construction, Composite Materials, Adhesives, and Others. The largest consumer of Epoxy Resin is the Paints & Coatings industry with a consumption of approximately 40% of the global market in 2021. Owing to the superior resistance towards chemicals, acids, and bases, Epoxy Resin is widely employed in these industries.

Asia Pacific is the leading consumer of Epoxy Resin among all other regions. The application of Epoxy Resin in construction industry is the primary driver of the growing demand for Epoxy Resin in this region. China is the leading producer of Epoxy Resin on the global level.

“Global Epoxy Resin Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Type, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, the significant players functional in the Epoxy Resin market include Olin Coporation, Nan Ya Plastics Co Ltd, Jiangsu Sanmu Group, Kukdo Chemical Co., Ltd., Hexion Inc., Kumho P&B Chemicals, Huntsman Corporation, Nantong Xincheng Synthetic Material Co Ltd, Zhuhai Hongchang Electronic Material Co Ltd, Jiangsu Yangnong Kumho Chemical Co., Ltd., Sinopec Baling Petrochemical Co., Ltd, and NAMA Chemicals.

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“The rapidly increasing demand for adhesives and paints in construction sector is expected to boost the Epoxy Resin market in the forecast period until 2030. Due to its high resistance to chemicals, gases, water, high-temperature, and corrosion, Epoxy Resin finds its application in construction and automobile industry. Moreover, its applications as an adhesive in solar cells and aerospace is expected to further grow the demand of Epoxy Resins in 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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ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

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Liquid Applied Membrane Market (4.89% CAGR) 2022-2030: Global Industry Size, Share, Growth, Analysis and Forecast

According to ChemAnalyst report, “Liquid Applied Membranes Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, liquid applied membranes market demand stood at 1.09 Million Tonnes in 2020 and is forecast to reach 1.75 Million Tonnes by 2030, growing at a healthy CAGR 4.89% until 2030. Growing infrastructure and commercial projects in emerging economies coupled with growing population and subsequent urbanization is expected to drive the demand of liquid-based membrane for the forecast period.

Liquid applied membrane are liquid based surface coatings which are used in many waterproofing and roofing applications. The coating undergoes curing to form an elastomeric waterproof membrane which can be applied over many substrates including asphalt, concrete, and bitumen. Based on type, liquid applied membranes can be segmented into bituminous, elastomeric, and cementitious. Liquid applied membrane has several properties including water resistance, environment resistance, and chemical resistance. Due to these properties, it finds application in roofing, walls, building structures, and roadways.

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Liquid applied membranes are chemicals which are available in liquid form and are applied onto the desired surface to develop an elastomeric waterproof membrane to ensure that the applied area is waterproof for a long period of time. Liquid applied membrane can be applied onto several substrates including asphalt, concrete and bitumen because it has additives which have binding capacity to the substrates. Liquid applied membrane has many properties which ensure it has wide range of applications. Its properties include water resistance, environment resistance and most importantly chemical resistance. Once applied the liquid cures and develops an elastomeric surface which has properties such as high mechanical strength and waterproofing capacity.

Liquid applied membranes are related to construction hence their price is directly linked to the fluctuations in the demand of construction. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of construction rendered a major downfall in the liquid applied membranes, hence the prices remained low for liquid applied membranes during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

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Regionally, Asia Pacific dominates the liquid applied membranes market and holds the largest market share in FY20. Asia’s liquid applied membranes market is anticipated to grow in the economies like China due to increasing demand of construction.

Major players for liquid applied membrane globally include GAF Materials Corporation, Kemper System America Inc., Pidilite Industries Limited, Sika AG, Dow Chemical Company, Fosroc Ltd., Paul Bauder GmbH & Co. KG, BASF SE, and CICO Technologies Limited.

“Being linked to the construction industry, the liquid applied membranes industry has shown a robust growth alongside growing population and subsequent urbanization. China serves as the key growth region with sufficiently installed capacities for liquid applied membranes. With new competitors emerging across the Asia Pacific liquid applied membranes 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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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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Sunday, January 2, 2022

India Cleaning Chemicals Market Size, Share, Industry Analysis Report, Growth and Forecast 2026 | ChemAnalyst

Expeditious population growth in the country, growing implementation for the health & hygiene and to put various regulation and guidelines into action at institutional sites and industrial workplaces for maintaining OSHA norms related to hygiene are the key factors driving the demand for the cleaning chemicals in India through 2022- 2026

According to ChemAnalyst report, “India Cleaning Chemicals Market, By Product Type (Laundry, Floor Cleaner, Toilet Cleaner, GPC, Kitchen Care and Others) By End Use Sector (Residential, Institutional, and Industrial), By Sale Channel (Direct Sales and Indirect Sales), By Region (West, South, North, East), Competition Forecast and Opportunities, 2012-2026 “ Indian Cleaning Chemical market stood at USD 20754 million in terms of value as of 2021, and is projected to grow at CAGR of 9.80% to reach USD 3345 million by 2026. The Cleaning chemicals market in India is highly competitive with majority of the market governed by small & medium scale manufacturers and local manufacturing units. Presently, penetration levels in the country are very low for top tier players, so there is ample room for expansion of all the players. Moreover, companies are advised to focus on acquiring other small players to increase their market share.

Cleaning chemicals are the substances serving the key role of removing dirt & grease including dust, smell, and water insoluble substances, killing bacteria viruses and eliminates other microorganism growth on the clean surfaces. There are various grades of cleaning chemicals in the market giving out the wide range of utilization such as, surface disinfectants, sanitizers, and general-purpose cleaners. Surface disinfectants are majorly used as floor cleaners, Toilet cleaners, etc. while the general-purpose cleaners include detergents (for laundry), soap, kitchen care cleaners, etc.

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Based on, end use industry the market is segmented into 3 sectors: residential, industrial, and institutional. Residential sector is touted to be the largest market of cleaning chemical industry in India. As of 2021, more than 60% of the total cleaning chemical was consumed in the residential sector for household cleaning such as, laundry, floor cleaning, toilet cleaning, and for other general purposes. The market is estimated to grow with a healthy annual growth rate of 11% to reach USD 2444 million through 2026. In the institutional sector the demand for the cleaning chemicals stood at USD492 million, in 2021.The cleaning chemicals are witnessed a surge in the demand due to increasing concerns for health & hygiene and sanitation standards at the commercial and hospitality establishments. Furthermore, the outburst of COVID-19 virus increases the awareness among the consumer regarding the benefits of sanitation. The Industrial Cleaning Chemical market size is stood at USD152 million and is projected to grow at annual growth rate of 6.31% to reach USD 210 million through 2026. The growth of the market is primarily triggered by its increasing use in the refining & petrochemical and power generation industries.

Regionally, the market is divided into four regions: East, West, North and South. Country’s Western region is holding the largest market share of 32%, which makes approximately, 606 USD Millions and is estimated to grow at a CAGR of 9.26% to reach 1057 USD Million by 2026. Followed by the North region, that hold up 28%, which is expected to grow at healthy annual growth rate of 9.26% to reach 940USD million. Increasing population, rising incidence of various infectious diseases, rapid urbanization, number of new commercial setups and increasingly stringent safety standards owing the market growth in both regions.

Leading States driving the demand of cleaning chemical industry in the country are Maharashtra, Gujarat, Tamil Nadu, Andhra Pradesh & Telangana, and Others. As of 2020, Maharashtra State is holding largest the market share of around 14% as the population in the state is well focused about personal hygiene and Cleanliness, also there is good product availability in the state. Rest of the leading states holds around 26% of the total market. Remaining 60% of cleaning chemical products are consumed all over the country depending upon the demand.

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Impact of COVID-19 on Indian Cleaning Chemicals Market

The COVID-19 pandemic has caused significant disruption in healthcare systems in the country, with hospitals being overwhelmed due to the increasing influx of patients. This has led to high demand and uptake of cleaning chemicals and surface disinfectant (especially chlorine and Alcohol based chemicals) like laundry, hand washes, Floor Cleaners and Toilet and Washroom cleaners etc. in the hospitals to provide healthy & hygienic environment and to avoid spread of various infections in the country. According to the World Health Organization, every year many civilians get infected by Hospital Acquired Infections (HAIs). The primary reason behind the spread of infection is poor sanitation conditions and general uncleanliness in the health care facilities. Increasing health concerns across the country would drive the market for cleaning chemicals and surface disinfectants in the coming years.

Temporary hospitals, Covid Retention Centre and Quarantine centers are also being set up in India to deal with the pandemic. Spread of COVID-19 has been boosting demand for cleaning and disinfection products in the hospitals on account of surging awareness about health and safety. The ongoing pandemic and consequent protocols that have been implemented to address public health and safety concerns have further led to a rise in demand for cleaning chemicals. Existing recommended cleaning and disinfection procedures for health-care facilities should be followed consistently and correctly. Under OSHO guidance on cleaning and disinfection, Linen should be laundered and the areas where COVID-19 patients receive care should be cleaned and disinfected frequently, which also led to rising demand in the cleaning chemical Industry.

The pandemic and resultant increased awareness for sanitization has encouraged the population to disinfect objects which come into their contact on a regular basis as a preventive measure against spread of coronavirus. Additionally, multiple awareness programs regarding the maintenance of hygiene and sanitation levels amongst the masses is affecting growth in a positive way. Companies across the globe are ramping up their production to facilitate the sudden spike in demand from households.

According to ChemAnalyst report, “India Cleaning Chemicals Market, By Product Type (Laundry, Floor Cleaner, Toilet Cleaner, GPC, Kitchen Care and Others) By End Use Sector (Residential, Institutional, and Industrial), By Sale Channel (Direct Sales and Indirect Sales), By Region (West, South, North, East), Competition Forecast and Opportunities, 2012-2026”, India cleaning chemicals market is controlled by these major players, namely– Hindustan Unilever pvt. Ltd., Reckitt Benckiser India, Proctor & Gamble, Diversey India Pvt. Ltd., Schevaran Laboratories Pvt. Ltd., Satol Chemicals, Ecolab India, Buzil Rossari Pvt. Ltd., Jyothy Laboratories Ltd. RSPL Ltd. Wipro Ltd., Godrej Industries Ltd., S.C. Johnson Products Pvt. Ltd. among others.

“Cleaning Chemicals are substances, serves the major purposes of cleaning, sanitation and disinfection and, to eliminate or inactivate the pathogens present on the surfaces for the healthy and hygienic living. In India, the health sector has made enormous strides, the life expectancy has reached to the average of 60 years. Many communicable diseases are expected to continue to remain a major public health problem in the coming decades posing a threat to health security of the country which in turns spikes the demand for the cleaning chemicals in the upcoming years, that offer several opportunities for the manufacturers to expand their capacities to fill the growing demand and supply gap during the forecasted period.” said Mr. Karan Chechi, Research Director with ChemAnalyst, a research based global management consulting firm promoting ChemAnalyst.

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Friday, December 17, 2021

Hydrogen Market Size, Share, Industry Analysis Report, Growth and Forecast 2015-2030 | ChemAnalyst

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.

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.

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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.

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.

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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:

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

“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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Thursday, December 16, 2021

Hydrogen Peroxide Market Share is Estimated to Grow at a CAGR of 4.22% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Hydrogen Peroxide Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Hydrogen Peroxide market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 4.22% during the forecast period. Increasing demand of biodegradable, environment friendly and non-toxic materials from consumers is anticipated to increase the demand of Hydrogen Peroxide due to its eco-friendly and less toxic properties. Being one of the valuable commodities of many end use industries such as pulp industries (including chemical, mechanical, recycled pulp), textile industries, chemical manufacturing, healthcare, electronics, water and wastewater treatment, cosmetics and medicine, the demand of hydrogen peroxide is always high and is projected to boost the hydrogen peroxide global market in the upcoming years.

Hydrogen Peroxide (H2O2) is a reactive chemical compound which is pale blue and slightly viscous in nature. It contains single oxygen-oxygen bond and possesses oxidizing properties which makes it suitable for various cosmetic and medical uses as a disinfectant and bleaching agent. Hydrogen Peroxide is produced in large chemical plants by a method called anthraquinone process in which hydrogen from methane or natural gas is reacted with oxygen using a hydrogenated catalyst i.e., palladium. Hydrogen Peroxide oxidizing with propylene in the presence of catalyst titanium silicalite-1 (TS-1) is one of the promising technologies known as HPPO process to produce Propylene Oxide which is extensively used in polyurethane industry.

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Hydrogen Peroxide has wide range of applications in Healthcare & cosmetics, detergents & disinfectants and chemical manufacturing due to its highly effective anti-bacterial and anti-viral properties. Furthermore, growing demand of hydrogen peroxide as a bleaching agent in paper and pulp industry and as a disinfectant in healthcare industry is set to increase the demand of Hydrogen Peroxide impelling the global market growth. In sanitization, Hydrogen Peroxide find its applications as a mild antiseptic to prevent infections. In pulp industries, hydrogen peroxide is widely used for bleaching of chemical, mechanical and recycled pulp as it increases the brightness levels, stability and reduces the manufacturing cost. Production of propylene oxide from hydrogen peroxide is used in the manufacturing of polyurethane foams which is highly demanded by its major end use industries including furniture, automotive, electronics and construction.

Global economic slowdown due to COVID 19 impacted the manufacturing industries during the first half of 2020. Industries were lacking the feedstock due to supply chain disruption and global plant outages initially in 2020. High restrictions on sales and trade caused the sudden decline in production and manufacturing, which affected the Hydrogen peroxide market worldwide. limited supply to various healthcare and pulp industries due to lockdown hindered the production of hydrogen peroxide.

Regionally, Asia pacific has emerged to be the largest producer of paper and pulp worldwide. Rising per capita income in countries like China, North America, Europe and India has increased the consumer spending in consumer durable products which is increasing the demand of Hydrogen Peroxide market in the region. Due to increased demand of H2O2 in chemical manufacturing industry, China is projected to dominate the Global Hydrogen peroxide market.

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Major Players:

Evonik Industries AG
Solvay S.A.
Arkema S.A.
FMC Corporation
Mitsubishi Gas Chemical Company
Santoku Chemical Industries Co., Ltd.
Nouryon
Kemira Oyj
Hansol Chemical Co. Ltd.
Chang Chun Petrochemical Co., Ltd.
OCI COMPANY Ltd.

“Being linked to the downstream application such as Healthcare, cosmetics, disinfectants etc, the global Hydrogen Peroxide industry has shown a robust growth alongside growing population and changing consumer preference. It is forecasted that India is going to become the world's fifth largest consumer market by 2025. In addition, growing per capita income globally poised a stronger outlook to the country’s acetone demand. The nationwide lockdown affected the supply chain logistics and caused immediate shortage of raw materials hence increased the prices of Hydrogen Peroxide. Meanwhile, China serves as the key growth region as well with sufficiently installed capacities. With new competitors emerging across the Asian acetone market, 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 management consulting firm promoting ChemAnalyst worldwide.

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Wednesday, December 15, 2021

Bimodal High Density Polyethylene (HDPE) Market Analysis is Estimated to Grow at a CAGR of 5.25% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Bimodal High-density Polyethylene (HDPE) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global bimodal HDPE market demand stood at 17.21 Million Tonnes in 2020 and is forecast to reach 28.672 Million Tonnes by 2030, growing at a healthy CAGR of 5.25% until 2030. Growing demand from the end user industries such as gas and water pipelines, detergent bottles and food storage containers is expected to drive the demand of bimodal HDPE for the forecast period. Moreover, the growing demand of biodegradable plastics is expected to hinder demand growth during the forecast period.

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Bimodal HDPE is a type of HDPE which has both amorphous and crystalline regions. As a result, it benefits from the bimodality by having strength and stiffness of HDPE and high stress crack resistance and processability of a unimodal medium density polyethylene. It is basically a mixture of low molecular weight HDPE and High molecular weight HDPE. Bimodal HDPE has several properties including high mechanical strength, durability, chemical resistance, light weight etc. Major applications of bimodal HDPE are bimodal HDPE pipe, bimodal HDPE film, and bimodal HDPE blow molding. The end user industries for bimodal HDPE are gas and water pipelines, detergent bottles, food storage containers, bottle caps, etc.

Bimodal HDPE is basically a type of polyethylene having both crystalline and amorphous properties. It is a mixture of high molecular weight HDPE and low molecular weight HDPE. In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Detergent and cleaners were among the most affected industries during the pandemic. This had an impact on the demand of bimodal HDPE for the first half of 2020. Therefore, the demand for bimodal HDPE grew during the coronavirus pandemic from the detergents and cleaners bottles segment due to increased awareness about health and hygiene.

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Bimodal HDPE is majorly related to ethylene hence the price is directly linked to the fluctuations in the demand of crude oil. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of crude oil rendered a major fall in the global bimodal HDPE, hence the prices remained low for bimodal HDPE during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

Regionally, Asia Pacific dominates the Global bimodal HDPE market and holds the largest market share in FY20. Asia’s bimodal HDPE market is anticipated to grow in the economies like China and India.

According to ChemAnalyst report, Global Bimodal HDPE Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global bimodal HDPE market are The Dow Chemical Company, Chevron Phillips Chemical Company, Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, Dynalab Corp., LyondellBasell Industries N.V., INEOS AG, SINOPEC Beijing Yanshan Company, PetroChina Company Ltd., Braskem, Formosa Plastics Corporation, Daelim Industrial Co. Ltd., Prime Polymer Co. Ltd. and Mitsui Chemicals Inc and others.

“Being linked to the packaging industry, the global bimodal HDPE industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities for bimodal HDPE. With new competitors emerging across the Asia Pacific bimodal HDPE 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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E-Mobility Raw Materials Market Size, Share, Industry Analysis Report and Forecast 2030 | ChemAnalyst

According to ChemAnalyst report, “Global E-Mobility Raw Materials Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global e-mobility raw materials market demand stood at 1.2 Million Tonnes in 2020 and is forecast to reach 4.42 Million Tonnes by 2030, growing at a healthy CAGR of 14.35% until 2030. Growing demand for electric vehicles coupled with the stronger government support worldwide for electric vehicles is expected to drive the demand of e-mobility raw materials for the forecast period. Moreover, increasing population and subsequent vehicle penetration in the market is also a propelling factor supporting demand growth of e-mobility raw materials during the forecast period.

E-mobility raw materials are the materials which are required for manufacturing of electric vehicles. They are of several types including body metals, light weight plastic, and battery chemicals and metals which include cobalt, lithium, and copper. Major application areas of e-mobility raw materials include public transport, commercial vehicles, and personal vehicles. With the growing demand of electric vehicles globally, the demand for energy storage is skyrocketing hence the demand for batter chemicals and metals is expected to grow at the fastest rate among other e-mobility raw materials. Moreover, government initiatives like the India EV policy 2030 are also supporting demand rise for electric vehicles.

Read Full Report Here: https://www.chemanalyst.com/industry-report/e-mobility-raw-materials-market-563

E-mobility raw materials are materials which are used in the manufacturing of electric vehicles. They have application in public transport, commercial vehicles, and personal vehicles. Body metals include aluminum and chrome, light weight plastics include various thermoplastics and high-performance plastics, battery chemicals and metals include lithium, cobalt, and copper. Electric vehicles require charging infrastructure for proper functioning. Hence, the lack of charging infrastructure in several countries can act as a constraint to demand growth.

E-mobility raw materials are related to electric vehicles hence their price is directly linked to the fluctuations in the demand of automotive and electric vehicles. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of automotive rendered a major downfall in the global e-mobility raw materials, hence the prices remained low for e-mobility raw materials during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

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Regionally, Asia Pacific dominates the Global e-mobility raw materials market and holds the largest market share in FY20. Asia’s e-mobility raw materials market is anticipated to grow in the economies like China due to increasing demand of automotive.

According to ChemAnalyst report, Global E-Mobility Raw Materials Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global e-mobility raw materials market are BASF, American Battery Solutions Inc. BMZ, Bosch, Coslight India, Electrovaya, LG Chem, Northvolt AB.

“Being linked to the electric vehicles industry, the global e-mobility raw materials industry has shown a robust growth alongside growing population and changing consumer preference and increasing awareness about environment friendly nature of electric vehicles. China serves as the key growth region with sufficiently installed capacities for e-mobility raw materials. In South Asia India is all set with its new EV policy 2030 to enter the electric vehicle market. With new competitors emerging across the Asia Pacific e-mobility raw materials 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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About Us

Contact Us:

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B-44 Sector-57 Noida,

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Chemicals Research, Business & Intelligence | ChemAnalyst