Global Water Soluble Fertilizers Market Growth, Trend, Analysis and Forecast to 2030 | ChemAnalyst

     

According to ChemAnalyst report, “Global Water-Soluble Fertilizers (WSF) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Water-Soluble Fertilizers (WSF) market has shown considerable growth in historic period and is anticipated to achieve a healthy CAGR of 5.65% during the forecast period. The harmful impact of excessive fertilizers consumption on environment has become a condemning issue for agriculture industry and farmers as well. In order to increase the production of crops, cropping patterns, changes in fertilization and methods for high yielding varieties have contributed to the increased use of WSF. As Water Soluble Fertilizers are readily soluble in water, they help in the process of fertigation by releasing the essential nutrients to the plant roots where they are easily absorbed.

Water-Soluble Fertilizers are those fertilizers that can easily be dissolved in the soil. Different fertilizers and fertilization techniques have become a major solution to the ever-growing demand for agricultural products. Keeping the water resources and degradation of soil, Modern agriculture must supply products with optimal rates throughout the growth cycle in the most efficient manner possible. WSF are of different types such as phosphatic,  nitrogenous, potassic, and micronutrients. Due to their nutrient enhancing properties, they also find its application in foliar operations. Depending upon the crop type, WSF can be segmented into plantations, cereals, horticulture, vegetables, greenhouse crops, turf and ornamentals. With the help of WSF, essential nutrients can be uniformly applied throughout the plant on daily bases. It also helps in reducing the accumulation of salts in the soil. Due to increasing environmental concern and changing climate pattern, the agriculture industry is being continuously challenged to evaluate ‘green’ or ‘bio-based’ products and processes.

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Due to the advancement in farming techniques such as smart plantation and precision farming, there is a surge in the demand of Water-Soluble Fertilizers which will drive the global market of WSF in upcoming years. High requirement of organic and green fertilizers is expected to further push the demand of WSF during the forecast period. Additionally, mergers and acquisitions in companies including the merger between Agrium, Potash and Nutrien are anticipated to create growth opportunities in the near future. WSF will highly influence the economy and crop yield of cultivation. Growing demand of vegetables and fruits due to high population is likely to propel the WSF market worldwide. Due to the small number of restrictions on product approval, low cost for the development of product and high yielding of crops, WSF are highly adopted by agricultural industry.

Major players for water soluble fertilizer globally include Agrium, Haifa, Potash Corp, Mosaic Company, Yara International, Israel Chemical Limited, Sociedad Quimica Yminera SA SQM (Chile), and Others. 

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Due to the onset of COVID-19, the supply of Water-Soluble Fertilizers was highly affected. The global crises had a huge impact on the sales and distribution of WSF and other agrochemicals. Due to government’s restrictions on travel ban, the manufacturers discontinued their operations for a while, which in turn affected the global supply chain.  

Region wise, Asia Pacific region dominates the Water-Soluble Fertilizers market. The dominance in Asian countries is due to the continuous rise in population and requirements for food security. Also, the support from government for agriculture modernization is another factor propelling demand rise in Asia Pacific.

Key Points of this Report:

1. Analysing the market potential by its grade, applications, end-use, segments and volume by calculating the Compound Annual Growth Rate (CAGR) from historic and forecast period.
2. Focusing on the driving factors, opportunities, growth, potential and challenges in the market.
3. Brief information on the production, manufacturing, handling, sales and distribution across different geographic channels to expand economy and revenue.
4. Evaluating a competitive landscape of more than ten global companies by analysing their product value, import-export sales and supply-demand gap. 

“Being linked to the downstream application such plant growth, irrigation and crop protection etc, the global Water-Soluble Fertilizers Industry has shown a significant growth along with the growing population, demand for food security and government support. It is anticipated that in upcoming years, India is going to become the world's fifth biggest consumer market. In addition, growing per capita income worldwide poised a stronger outlook to the country’s WSF demand. The government’s restriction due to global crises affected the global supply chain and caused immediate shortage of labours for large scale production. Meanwhile, China serves as the largest region for growth as well as with sufficiently installed capacities. With new competitors emerging across the Asian WSF 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.

About Us: 

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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

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Global Zinc Oxide Market Growth, Trend, Analysis and Forecast to 2030 | ChemAnalyst

 

According to ChemAnalyst report, “Zinc Oxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Zinc Oxide market witnessed a steady growth in the historic years and growing at a healthy CAGR of 5.35% until 2030 owing to its utilization as additives in various end use industries.

Zinc Oxide is an organic compound that is insoluble in water but dissolves in most of the acids. It appears as a white powder with no odor and decomposes into Zn vapors and O₂ when exposes to high temp and standard oxygen pressure. Naturally it occurs as mineral zincite, therefore most of the zinc oxide is synthetically produced. Industrially, there are three main process to produce Zinc oxide namely Fresh Process, Wet Process and American Process. Among all these methods Fresh process is the most extensively used process globally. Zinc Oxide is segmented into four grades such as Standard, Treated, FCC, (Food Chemicals Codex), and USP (United States Pharmacopeia).

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Zinc Oxide finds application in various industries such as rubber, paints and coatings, plastics, cosmetics, adhesives, sealants, ceramics, food additives, fire retardants, lubricants, ointments, glass cement, pharmaceuticals, metal processing, etc. Rubber industry consumes more than half of the total Zinc oxide produced globally for rubber vulcanization. In cosmetics and in pharma sector it is utilized widely in ointments, lotions, and creams for protection against skin damage due to UV and sunburn. Additionally, baby powder or creams to treat rashes, anti-dandruff shampoos, antiseptic ointments and calamine cream comprise of Zinc Oxide in their formulations. 

Based on its diverse utility, major end use industries for Zinc Oxide are Automotive, Building & Construction, Personal care, Healthcare, Food and beverages, Metallurgy and Others. Rising demand of Zinc Oxide in rubber industry from tires as, fillers or activators of rubber compound coupled with the never-ending demand from healthcare and personal care is expected to fuel zinc oxide market over the forecast period. However, Zinc Oxide fumes can cause some health hazards in humans as well as due to its insolubility in water adds some environmental hazards. These aforementioned factors are some major challenges for Zinc Oxide market.

 In the first half of 2020, the unprecedented spread of COVID-19 across the global caused nationwide lockdowns and trade restrictions which directly impacted several industries. Automotive is one of the most affected sectors during the pandemic which consequently declined the demand of Zinc Oxide from Tire and Rubber industry.  Though there was a constant demand for Zinc Oxide from Healthcare and Personal care even in the pandemic. Moreover, after the relaxation in lockdown along with the resumption in industrial operations, Automotive, construction and other end use industries recovered at a speedy pace and is expected to swell up the demand for Zinc Oxide in the forthcoming years.

Asia Pacific region dominates the global Zinc Oxide market and is anticipated to grow significantly through 2030 owing to the booming end use sectors such as Automotive, Healthcare along with Building and Construction. Its increasing Consumption in tire industries and the presence of Giant manufactures of tires such as Bridgestone (Japan), Sumitomo (Japan), Hankook (South Korea), Yokohama (Japan), ZC Rubber (China), Sailun (China), Apollo (India), MRF (India), Maxxis Tires (Taiwan) in the region is anticipated to boost the market for zinc oxide in Asia Pacific subsequently in the forecast period.

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Zinc Oxide market in North America and Europe are also estimated to propel at a substantial rate in the forthcoming years owing to the presence of Giant manufacturers of Rubber and Tires. Major players for Zinc Oxide globally include US Zinc, Zochem, EverZinc, ZM Silesia, Akrochem, Rubamin, Pan-Continental Chemical, J.G. Chemicals, Upper India, and Suraj Udyog, and Others. 

“Zinc Oxide has been identified as a versatile commodity having applications in various end use industries aforementioned. Apart from those applications, Zinc Oxide consumption in fertilizers as a substitute to zinc sulphate offers expansion in Zinc Oxide market. Moreover, In Electronics and Electrotechnology industries it is used in Photoelectronics, Field emitters, UV lasers, sensors, Solar Cells etc. which is likely to impel its demand in the forecast period.  In Addition, Zinc Oxide exhibits unique property of protection against UV rays thereby, its nanostructure is gaining popularity as UV-protective textile coatings in textile industry. Hence, offering potential opportunities for Zinc Oxide market players to grab in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us: 

 

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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

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Global Carbon Dioxide Market Growth, Trend, Analysis and Forecast to 2035 | ChemAnalyst

According to ChemAnalyst report, “Global Carbon Dioxide (CO2) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Carbon Dioxide (CO2) market will likely experience a significant rise and reach approximately 520 million tonnes in 2035, at an expected CAGR of 6.28% during the forecast period by 2035. The rising demand from the Food & Beverages, Medical, Oil & Gas, Rubber, and other end-use industries, is anticipated to hike up the need for the Carbon Dioxide (CO2) market in the forecast period.

Carbon dioxide is a naturally occurring gas. It is colourless and non-flammable at normal temperature and pressure.  It is a significant greenhouse gas for the earth's atmosphere. When ammonia is manufactured in the fertiliser industry, carbon dioxide is collected as a by-product. Although Carbon dioxide can also be produced by combustion method in chemical plants. Carbon Dioxide is used as feedstock for various chemicals and fertilizers such as Methanol and Urea. Carbon Dioxide finds application in Food & Beverage Sector, Enhance Oil Recovery (EOR), Firefighting, and Agriculture Sectors.

The Carbon Dioxide (CO2) market globally is primarily driven by the Food & Beverages Industry. In 2021, the Food & Beverages industries collectively consumed approximately 37% of the global Carbon Dioxide (CO2). In this industry, Carbon Dioxide finds application in Carbonation of Beverages, Food processing, and Food packaging. This industry is expected to see an expansion due to growing demand for ready to eat food items and carbonated beverages owing to the growing population. Furthermore, the demand from the medical industry for applications of Carbon Dioxide for an inhalation gas in various medical procedures, surgeries, and therapies may increase the demand for carbon dioxide in the future.

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The global Carbon Dioxide (CO2) market is segmented based on end-use, sales channel, and region. Based on end-uses, the Carbon Dioxide (CO2) market is segregated into Food & Beverages, Medical, Oil & Gas, Rubber, and others. The Food & Beverages Industry is leading the Carbon Dioxide (CO2) market and accounted for a market share of about 37% of the Carbon Dioxide (CO2) market in 2021. Medical industry also holds prominent shares of Carbon Dioxide (CO2) market.

Based on demand by region, North America dominates the global Carbon Dioxide market amongst all other regions. This region has reported to consume greater than 48% of the global Carbon Dioxide in 2021 The growing population resulting in increasing demand of Food & Beverages combined with industrialization is resulting in this trend in North America.

“Global Carbon Dioxide (CO2) 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 active in the Carbon Dioxide (CO2) market are Occidental Petroleum, ExxonMobil Corporation, Mississipi Power, Chevron Corporation, Air Products & ChemIcals Inc., Dakota Gas, Sinopec, and Shenhua Ninxia Coal Group Corporation Limited.

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“The expansion of the global Carbon Dioxide (CO2) market in the food and beverage sector for producing carbonated beverages and improving shelf life of packed food items is most likely to drive the Global Carbon Dioxide (CO2) market in the forecast period until 2035. Demand from the medical sector also contributes finely to the growth of the Global Carbon Dioxide market by 2035. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us: 

 

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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

New York, NY, United States, 10170

Call +1 3322586602

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

Global Adipic Acid Market is Expected to Grow at a CAGR of 3.65% by 2035 | ChemAnalyst

According to ChemAnalyst report, “Global Adipic Acid Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Adipic Acid market will likely experience a significant rise and reach approximately 4300 thousand tonnes in 2035, at an expected CAGR of 3.65% during the forecast period by 2035. The growing demand from the Automotive, Electrical & Electronics, Industrial Application, Building & Construction, and Other end-use industries is anticipated to hike up the demand for the Adipic Acid market in the forecast period.

Adipic Acid has a chemical formula of (CH2)4(COOH)2. This crystalline white salt can be prepared by oxidation of cyclohexanone and cyclohexanol with nitric acid in a multistep pathway. Adipic Acid is a versatile chemical utilized in various industries. Adipic Acid is also used in polyurethanes, adipic esters, plasticizers, and food additives, among other things. Additionally, some water-based acrylic emulsion paints and varnishes use adipic Acid as a difunctional cross-linking component. However, the main use of adipic Acid is in the production of nylon 6,6 when it is used as a comonomer with hexamethylenediamine. Apparel, sporting goods, consumer goods, electronics, home goods, and other products are made using nylon 6,6.

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The Adipic Acid market globally is primarily driven by its usage for manufacturing Nylon 6,6. Due to its lightweight nature and durability, Nylon 6,6 is employed in multiple industries such as textile and automotive. The most vital application of Nylon 6,6 lies in the manufacturing components of automobiles, such as engine coverings, air intake pipes, airbag containers, and glass-reinforced polymers. This, in turn, reduces the overall weight by 7-8%, thus reducing carbon dioxide emissions. This application is anticipated the robust growth of the Adipic Acid market in the upcoming years. Additionally, the demand for paints and coatings is expected to increase, which would likely lead to a growth in the adipic acid market in the forecast period. These industries are expected to see further expansion due to rapid development, construction of homes and commercial complexes in the forecast period.

The global Adipic Acid market is segmented based on end-use, sales channel, and region. Based on end-uses, the Adipic Acid market is segregated into Automotive, Electrical & Electronics, Industrial Application, Building & Construction, and Others. The Automotive Industry is leading the Adipic Acid market and accounted for a market share of about 39% of the Adipic Acid market in 2022. It is anticipated to retain this position in the forecast period owing to the rising demand for vehicles across the globe.

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Based on demand by region, Asia Pacific dominates the global Adipic Acid market, consuming nearly 40% of the global Adipic Acid in 2022 amongst all other areas. Furthermore, China is leading as a worldwide producer of Adipic Acid and is expected to retain its position as a leader in the upcoming years.

 “Global Adipic Acid Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players active in the Adipic Acid market are BASF SE, Chongqing Huafon Chemical Co., Ltd., Shandong Haili Chemical Industry Co., Ltd, INVISTA, Shandong Hualu Hengsheng Chemical Co., Ltd., Shenma Industrial Co., Ltd., China National Petroleum Corporation, Zhejiang Shuyang Chemical Co.,Ltd, Tangshan Zhonghao Chemical Co., Ltd., LANXESS, and Radici Partecipazioni SpA.

“The expansion of the global Adipic Acid market is anticipated to be driven by the growing demand for Nylon 6,6 for manufacturing vehicle interior and exterior components in the forecast period by 2035. Properties of Nylon 6,6, such as its durability, combined with lightweight properties, which makes it popular material for manufacturing lightweight vehicle parts, as a replacement of metal parts, that can reduce the overall weight of the vehicles which is expected to further boost the demand for Adipic Acid globally in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

 

 

About Us: 

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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

New York, NY, United States, 10170

Call +1 3322586602

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

Global n-Propyl Acetate Market is Expected to Grow at a CAGR of 4.10% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Global n-Propyl Acetate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030” Global n-Propyl Acetate market witnessed a strong demand in the past years and is anticipated to achieve a steady CAGR of 4.10% during the forecast period till 2030 owing to its application in the Paints & Coatings, Personal Care & Cosmetics, and Printing Ink end-use industries.

n-propyl acetate is a volatile, colorless, highly flammable liquid which is synthesized by the esterification of acetic acid and 1-propanol. It is miscible with many common solvents, e. g. alcohols, ketones, aldehydes, ethers, glycols and glycol ethers, but it is only sparingly soluble in water. Due to its extensive solvation properties, it finds application in various areas including paints and coatings, flexographic, printing inks, fragrances, cosmetics, food and beverages, pharmaceuticals and others. It is mostly utilised in flexographic and specialty screening prints within the printing industry.  It is also utilised as a scent solvent, in aerosol sprays, and in nail care products.  As a result of its fragrance being similar of pears, it can also be utilised as a flavour addition.  The printing, coatings, lacquers, cosmetic, and flavouring industries are the primary user end markets.

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The primary market driver of the global n-Propyl Acetate market is the solvent industry. Coatings, paints, acrylics, oils, lubricants, waxes, rubber, and plasticizers can all be dissolved in n-Propyl Acetate as a solvent owing to its superior quality and durability which propels the n-Propyl Acetate market. The demand for paints and coatings is expected to increase due to the construction projects and infrastructure development around the world, which will most likely cause the n-Propyl Acetate market to expand in the projected period. Also, the demand of paints, varnishes, and coatings by the automobile sector also contributes finely to the market.

The global n-Propyl Acetate market is segmented based on end-use, sales channel, and region. Based on region, Asia Pacific region dominates the n-Propyl Acetate market. The rapid speed in construction industry which is the major consumer of paints and coatings has resulted in several companies to set up their manufacturing plants in the region thereby increasing the overall capacity in the region. Furthermore, China is leading the charts globally in terms of producing n-Propyl Acetate owing to the presence of abundant raw materials and optimum technology.

Based on the end-use, the global n-Propyl Acetate market is segregated into Paints & Coatings, Personal Care & Cosmetics, Printing Ink and Others. Among these industries, Paints & Coatings is the leading segment and held a market share of roughly 55% in 2022. Because it has the potential to thin a variety of other organic compounds, n-propyl acetate is prominently utilized as a solvent in the production of paints and coatings.

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According to ChemAnalyst report, “Global n-Propyl Acetate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, Major players for n-Propyl Acetate globally are BASF SE, Oxea, Dow Chemical Company, Eastman Chemical Company, Solvay S.A., Showa Denko K.K., Sankyo Chem, Sasol, Chang Chun Group, and Others.

“n-Propyl Acetate is a versatile chemical with high solubility in alcohols, ketones, aldehydes, etc.  Its high demand from paints and coatings with applications in various industries such as Automotive and Construction industry is likely to drive the market growth in the forthcoming years. Asia Pacific is the biggest consumer of n-Propyl Acetate. Currently, Asia Pacific region leads in terms of consuming n-propyl acetate. The demand for paints & coatings and printing inks is likely to increase in developing nations like China and India due to an increase in construction projects over the forecast period through 2030.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us: 

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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

New York, NY, United States, 10170

Call +1 3322586602

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

Sodium Propionate Market Growth, Trend, Analysis and Forecast to 2030 | ChemAnalyst

According to ChemAnalyst report, “Sodium Propionate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030”, Sodium Propionate market grew at a considerable CAGR of 4.01% in the last five years and is anticipated to achieve a healthy CAGR during the forecast period 2020-2030. An exponential surge in the demand of Sodium Propionate as food preservatives by the food and beverage industry is likely to boost the growth of global Sodium Propionate market in upcoming years. The production of Sodium Propionate is highly associated with the safety standards on human health before it can be introduced in the market which further enhances the compliance standards.

Sodium Propionate (C3H5NaO) also known as Sodium propanoate is an organic salt of propionic acid that comprises of equal numbers of sodium and propionate ions. It plays a huge role as an antifungal drug and a food preservative. It basically inhibits the growth of lactic acid bacteria thus preventing the food from getting rotten. Sodium Propionate is synthesized chemically by neutralizing propionic acid with sodium hydroxide. Due to its properties, it is extensively used in baked items, processed meats, dairy products, soft drinks, alcoholic beverages, and others. Surging demand for sodium propionate from food and pharmaceutical industries is driving the global market of Sodium Propionate across the globe. According to the US Food and Drug Administration (FDA), it is recognized as a safe food ingredient by FDA.

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The demand for Sodium Propionate from the food industry is expected to rise in upcoming years, due to ever-changing consumer preference and taste for enhanced flavors and shelf life of baked and frozen foods. In the medical and healthcare sector, rising demand of Sodium Propionate for the production of medical drugs to treat fungal and bacterial infections is likely to augment the growth of Sodium Propionate market over the next few years. Furthermore, increased use of Sodium Propionate in cosmetics, personal care, agrochemical and other industries is expected to boost the global sodium propionate market until 2030. 

Global Sodium Propionate Market is segmented based on form, application, distribution channel and region. Based on different forms, the Global Sodium Propionate market is segmented into granules and Powders. Among which, the granules segment is holding a larger share in the global market. On the basis of application, the market is segregated into Cosmetics and Personal Care, Agrochemicals, Food and Beverage, Animal Feed, Pharmaceuticals, and Others. The Food and beverage segment dominates the global Sodium Propionate market as it is widely used as a food additive and preservative in bakery products like blue cheese, breads, buns, cakes et., cured; meat products, dried meat and other processed foods.

In the first half of 2020, several industries witnessed an unprecedented fall due to the lockdowns and restrictions by the government in order to stop the coronavirus from spreading. However, there was a boost in the demand for packaged and baked goods pulled by sudden outbreak of COVID-19 across the globe is expected to have a positive impact on the demand of Sodium Propionate as it is utilized in numerous products. Also, pharmaceutical and food industries fuelled the demand of Sodium Propionate during the covid times.

Region wise, North America Region dominated the global Sodium Propionate market in 2020, due to the presence of various leading producers in the region as well as exponential demand for baked products in countries like US that would further drive the Sodium Propionate market during coming years. Followed by Europe, where the demand of Sodium Propionate from food preservatives and food additives sector was observed in countries include France, United Kingdom and others. Furthermore, Asia Pacific region is expected to dominate the global Sodium Propionate market in the next ten years due to the expansion of industries and capacities.

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According to ChemAnalyst report, “Sodium Propionate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030”, Some of the major players operating in the global Sodium Propionate market are Dr. Paul Lohmann GmbH & Co. KGaA, Niacet Corporation, Macco Organiques Inc., Fine organic industries, Ltd, Foodchem International, Prathista Industries Ltd., DR. Paul Lohmann GmbH KG, Sigma-Aldrich, Inc., Rishi chemical works Pvt. Ltd., Titan biotech Limited, Toronto Research Chemicals Inc., Krishna chemicals and others.

“Rising demand of Sodium Propionate by the food and beverage industry in order to provide protection, flavor and shelf life to frozen, baked and processed food is anticipated to dominate the Sodium Propionate market across the globe over the next ten years. Bakery and confectionary industry are dominating the Sodium Propionate market and is expected to maintain its dominance in the future as well. Increasing demand of Sodium Propionate by the pharmaceutical industry for the treatments of various infections is also likely to provide opportunities for the growth of the market.” 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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

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Caustic Soda Market Growth, Trend, Analysis and Forecast to 2035 | ChemAnalyst

According to ChemAnalyst report, “Caustic Soda Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, The Caustic Soda market is expected to witness considerable growth by reaching 68.76 million tonnes in 2035, at a healthy CAGR of 4.95% in the span of the next 10-15 years. Increasing demand for high-grade alumina from refractories and a steady rise in paper and pulp industry consumption are the key factors driving the demand for Caustic Soda. Caustic Soda is widely used in the textile industry for scouring, mercerization, and dyeing. Growth in export demand for textiles, coupled with increasing demand for paper and pulp, will also be one of the significant reasons for propelling demand for Caustic Soda in the forecasting period.

Caustic Soda is a co-product of the chlor-alkali facilities. Liquid caustic soda is odourless and colourless. Caustic soda reacts readily with metals such as aluminium, magnesium, zinc, tin, chromium, bronze, brass, copper, and alloys containing these metals. Galvanized (zinc-coated) materials and contact with acids, halogenated organics, organic nitro compounds, and glycol should be avoided.

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Caustic soda has many applications based primarily on its ability as a solid alkali to react with many substances. It has a more substantial base and is a faster reactant than other alkalis. Caustic soda can easily be transported and stored in the liquid form. Also, it does not form carbon dioxide or other insoluble carbonates. The most prominent uses for caustic soda are pulp and paper manufacturing, alumina production, de-inking of wastepaper, water treatment, and general chemistry. Caustic soda is a primary feedstock in manufacturing a wide range of chemicals. It is used as an intermediate and a reactant in processes that produce solvents, plastics, synthetic fibres, bleach, adhesives, coatings, herbicides, dyes, inks, and pharmaceuticals such as aspirin. It is also used in soap and detergent, oil and gas, and textile industries, as well as to neutralize acidic waste streams and scrub acidic components from off-gases. With all downstream applications, appropriate registrations and approvals may be required.

Caustic Soda Market is segmented based on grade, type end-use, sales channel, and region. Industrial Grade, Pharmaceutical Grade, and Lab Reagent Grade are the three primary grades of caustic soda sold globally. Industrial grade is the highly concentrated form of caustic soda mainly utilized for laboratory purposes and accounts for 77% of the total market as of 2021

Based on end-uses, the Caustic Soda market is segregated into textile, alumina, pulp & paper, soap & detergent, organic & inorganic chemical, and others. The leading sector is the chemical consumption of caustic soda as a reagent in laboratories. In the Chlor-alkali process, it reacts with protic acid to produce sodium chloride (NaCl). It is used to prepare soda lime as well. It is widely utilized for extracting aluminium from bauxite.       

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Additionally, the rising consumption of caustic as a cleaning agent and to produce washing soda, soaps, rayon, paper, explosives, dyestuffs, and petroleum products will most likely boost the overall demand in the forecasted period.

Based on the type, the market is divided into caustic soda lye and caustic soda flakes. The flakes market holds the largest market share among both. Caustic soda flakes are a solid form of sodium hydroxide free from foreign matter, dirt, or other visible impurities.

 The product is widely used in textile, soaps and detergent, pulp, paper, and alumina refineries. At the same time, Lye is used for soap making, candle making, homemade biodiesel, frosting glass, several foods, and chemistry experiments. In 2021, caustic flake holds around 70% of the total market.

 Due to the unprecedented outbreak of COVID-19 in 2020, the Caustic Soda market showcased a downward trajectory around the globe. Because of the worldwide lockdown enforced by the leading government authorities impacted different industries, manufacturing facilities and businesses across the globe. However, amidst the looming concern, demand from the end-use agriculture sector remained firm during the covid times. After the opening of the lockdown, the market growth observed an uptrend due to the increased demand from the downstream industries.

Among different regions, the Asia Pacific region accounts for the largest share in the Caustic Soda market and is likely to maintain its dominance until the forecast period. China, being one of the leading producers of Caustic Soda, is likely to boost its manufacturing due to its increased demand for paper & pulp, alumina the chemical industry for control acidity and remove heavy metals from water across world,

Caustic Soda Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, some of the major players operating in Caustic Soda market include Olin Corporation., Formosa Plastics Corporation USA, Dow Chemical, westlake Chemical, Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN, Shintech, Grasim Industries Limited, Tosoh Corporation, Kem One, Dongying Jingling chemical.

“Rising demand for the cleaning agents for domestic and commercial purposes, growing aluminum extraction activities in the country coupled with and surging textile industries are expected to boost the Caustic Soda market in the forecast period until 2035.  Consequently, increasing consumption of caustic soda in paper & pulp industries to meet the demand of the growing urban population is a key market driver of the global caustic soda market & they are anticipated to fuel the growth in upcoming years “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

 

About Us: 

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.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

New York, NY, United States, 10170

Call +1 3322586602

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com