What Kind of Growth Is Expected in The Squalene Market Market?

The report "Squalene Market Type (Animal-Sourced and Vegetable-Sourced) and by End-Use Industry (Cosmetics, Pharmaceuticals & Food) - Global Forecasts to 2021", The global squalene market is projected to reach USD 211.7 Million by 2021 and is projected to register a CAGR of 10.2% between 2016 and 2021. The major drivers for this market are squalene’s beneficial properties on human health and growth in end-use industries such as cosmetics and pharmaceuticals.

Cosmetic industry will continue to dominate the market

Cosmetics, food, and pharmaceuticals are the major end-use industries of squalene. Cosmetic is the largest end-use industry for squalene. The demand for squalene containing products is primarily driven by the European and Asia-Pacific markets. Rising consumer awareness for using high quality products and willingness to pay premium prices for high quality products are the major factors driving the market. The increasing spending power of consumers as well as the increasing demand for good quality natural cosmetics has been contributing toward the growth in this market.

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Vegetable-sourced squalene the fastest-growing segment

The market for vegetable-sourced squalene is expected to witness the highest growth rate during the forecast period. This is mainly due to its renewable nature, steady availability of raw material, and the skepticism and regulations regarding animal-sourced squalene. The increasing environmental sustainability concerns, regulations, and NGO activities regarding the use of animal-sourced squalene are driving the vegetable-sourced squalene market. Asia-Pacific and North America are expected to witness high growth during the forecast period.

Increasing demand from Europe accelerates growth of the squalene market

Europe is the leading market for squalene, followed by Asia-Pacific. Europe is estimated to account for the largest share of the market owing to vast potential that can be realized in the near future because of the growth of various end-use industries.

The leading players in the market include Kishimoto Special Liver Oil (Japan), Amyris (U.S.), Sophim (France), Nucelis LLC (U.S.), SeaDragon Marine Oil (New Zealand), Maruha Nichiro Corp. (Japan), Ekiz Olive Oil and Soap Inc. (Turkey), Empresa Figueirrense de Pesca, LDA (Portugal), and VESTAN (Portugal).

The target audiences of the report are as follows:

• Squalene manufacturers
• Raw material suppliers
• Cosmetic product manufacturers
• Dietary food and functional food manufacturers
• Pharmaceutical industry
• Government and research organizations
• Squalene traders, distributors, and suppliers
• Investment houses
• Equity research firms

The report covers the squalene market and its trends in five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market is also analyzed based on type, namely, animal–sourced and vegetable–sourced and on the basis of its various end-use industries such as cosmetics, food, and pharmaceuticals.

What Kind of Growth Is Expected in The Proppant Market? (Global Forecast to 2022)

The proppant market is projected to reach USD 9.87 billion by 2022, at a CAGR of 6.9% between 2017 and 2022. Proppant is a treated sand or engineered ceramic material, which is used to keep fractures propped open after a fracturing treatment. Hence, it is called propping agent. It is majorly used in hydraulic fracturing of shale gas, tight gas, and coal bed methane. Different types of proppants, such as frac sand, resin-coated, and ceramic proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi.

Proppant is a solid material manufactured by processing of raw materials, such as silica sand, calcined bauxite, kaolin, and magnesium silicate. Key factors expected to drive the growth of the market include increasing consumption of proppant per well, innovation in proppant technologies, and improvement in the fracturing technologies.

Acquisition was a key strategy adopted by the major players to achieve growth in the proppant market between 2014 and 2017. Some of the major players in the proppant market include Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), and Mineração Curimbaba Ltda. (Brazil). Besides acquisition, companies also adopted expansions, new product developments, and agreements as strategies to expand their product portfolio, strengthen their distribution network, and expand their customer base.

Key Target Audience:

• Proppant Manufacturing Companies
• Traders, Distributors, and Retailers
• Raw material SUPPLIERS
• Commercial R&D Institutes
• Research Institute, Trade Association, and Government Agencies

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Carbo Ceramics used new product development and agreement as its major strategies to cater to the increasing demand for proppant products from its customers. In 2015, Carbo Ceramics introduced KRYPTOSPHERE LD, which is a lower density ceramic proppant with closure pressures ranging from 6,000 psi to 14,000 psi. This product enabled the company to make available the superior conductivity of KRYPTOSPHERE to a wider range of reservoirs. In the same year, Carbo Ceramics entered into a Letter Agreement with a frac sand supplier to purchase a minimum of 123,203 tons and 116,599 tons of frac sand in 2015 and 2016 respectively. This frac sand was used by the company’s Marshfield, Wisconsin plant.

Ceramic proppant is estimated to be the fastest-growing type segment of the proppant market. Ceramic proppant has high strength to withstand closure stresses up to 15,000 psi of wells. In addition, it has a consistent size that results in improved porosity and permeability of proppant bed.

Asia-Pacific is the fastest-growing market for proppant, followed by South America. The high demand for proppants in the Asia-Pacific region can be attributed to the rising oil and gas demand in the region. The proppant market in Asia-Pacific is projected to witness the highest growth during the forecast period, due to the rising government support to increase domestic natural gas production through exploration of large shale gas and coalbed methane reserves.

Proppant Market by Research Assumptions and Limitations - Global Forecast to 2022

The report "Proppant Market by Type (Frac Sand Proppant, Resin-coated Proppant, Ceramic Proppant), and Region (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa) - Global Forecast to 2022", is projected to reach USD 9.87 Billion by 2022, at a CAGR of 6.9% between 2017 and 2022. The market is majorly driven by the increasing demand for proppant in hydraulic fracturing of shale gas, tight gas, and coal bed methane.

Proppant is majorly classified into three types, namely, frac sand, resin-coated, and ceramic. Frac sand is the most widely used type of proppant, due to its easy availability and low cost. Ceramic proppant is the fastest-growing type segment since ceramic proppant has high strength to withstand closure pressures up to 15,000 psi.

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Key Target Audience:

• Proppant Manufacturing Companies
• Traders, Distributors, and Retailers
• Raw material SUPPLIERS
• Commercial R&D Institutes
• Research Institute, Trade Association, and Government Agencies

Companies are focusing on acquisitions as a key strategy to increase their market share and cater to the increasing demand for proppant. For example, Hi-Crush Partners LP (U.S.) acquired Permian Basin Sand Company, LLC (U.S.). Permian Basin Sand Company, LLC (U.S.) company owned a 1,226-acre frac sand reserve, which has an output of about 55 million tons of 100 mesh frac sand. The acquisition has enabled Hi-Crush Partners LP to increase their regional presence.

Based on type, ceramic proppant is estimated to be the fastest-growing segment of the proppant market

Ceramic proppant is estimated to be the fastest-growing type segment of the proppant market. Ceramic proppant is manufactured from sintered bauxite, alumina, kaolin, and magnesium silicate. It can withstand closure pressures up to 15,000 psi, owing to its high strength and complex molecular structure. In addition, it has a consistent size that results in improved porosity and permeability of proppant bed. Hence, ceramic proppant is superior to other types of proppants.

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Key companies profiled in the proppant market research report are Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), Superior Silica Sands LLC, and Mineração Curimbaba Ltda. (Brazil).

Increasing Demand for High-Performance and Lightweight Materials in the Automotive Industry

The global size of the automotive elastomers market was USD 46.13 Billion in 2017 and is projected to reach USD 58.82 Billion by 2022, at a CAGR of 5.0% between 2017 and 2022. The automotive elastomers market has witnessed significant growth in recent years, due to the excellent properties of automotive elastomers, such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, variety, chemical resistance, and oil & gas resistance. The superior properties of automotive elastomers over traditional rubber drive the global automotive elastomers market.

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The main types of automotive elastomers are [NR, SR (SBR, IIR, BR, CR, NBR, ACM, EPDM, IR, Silicone, and fluoroelastomer) and TPE (SBC, TPU, TPO, TPV, TPC, and PEBA)].  Based on type, the NR segment led the automotive elastomers market in 2016 due to the use of NR in tire applications, owing to its excellent properties and distinct varieties. The demand for general purpose NR is high in all regions because of its superior properties and growing automotive industry globally.

Key Target Audience:

• Manufacturers of Automotive Elastomer Materials
• Original Equipment Manufacturers
• Automotive and Transportation Manufacturers
• Traders, Distributors, and Suppliers of Automotive Elastomers
• Regional Manufacturers Associations and General Automotive Elastomer Associations
• Government and Regional Agencies and Research Organizations
• Investment Research Firms

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Tire application is projected to lead the automotive elastomers market during the forecast period

Automotive elastomers are used in tire and non-tire applications. Among these two, the tire application is expected to lead the automotive elastomers market between 2017 and 2022, followed by the non-tire application. Because of the implementation of stringent environmental regulations regarding emission levels, the design of vehicles has changed drastically over the past few decades. Manufacturers are designing compact, lightweight, and more efficient vehicles. This requires that various under-the-hood components should be in close proximity to each other, resulting in increased heat levels. Vehicle manufacturers require an automotive elastomer that can operate under such tough conditions.

Automotive elastomers are used in tire and non-tire applications. Among these two applications, the tire application is projected to lead the automotive elastomers market during the forecast period. Because of the implementation of stringent environmental regulations regarding emission levels, vehicle design has been changing drastically over the past few decades. Manufacturers are designing compact, lightweight, and more efficient vehicles, which require automotive elastomers, and this demand is driving the automotive elastomers market.

Some of the major market players in the global automotive elastomers market include Arlanxeo (Netherlands), Dow (US), ExxonMobil (US), JSR Corporation (Japan), DuPont (US), BASF (Germany), LG Chem (South Korea), SABIC (Saudi Arabia), Teknor Apex (US), and Zeon Corporation (Japan).

Detailed Qualitative & Quantitative Analysis on Polytetrafluoroethylene (PTFE) Market [2017 to 2022]

The Polytetrafluoroethylene (PTFE) market is estimated to be USD 1.97 Billion in 2017 and is projected to reach USD 2.66 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The high demand for PTFE in various end-use industries, such as chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, and building & construction is expected to drive the PTFE market.

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Based on form, the PTFE market has been segmented into granular, dispersion, fine powder, and micronized. Granular PTFE is the largest form due to its properties, such as chemical inertness, high-temperature resistance, outstanding chemical resistance, low coefficient of friction, exceptional adhesion, low-temperature toughness, electrical properties, and excellent water repellant properties. The availability of granular PTFE at cheap rates and wide usage in various industries are the major reasons for the high growth of the granular form segment of the market. Fine powder is the fastest-growing form segment of the PTFE market, owing to its superior stress-crack resistance, higher thermal stability, lower permeability, and higher clarity. These properties make it suitable for use in high-performance materials, low-density tapes, and comfortable sealing materials.

Target Audience:

• Manufacturers of PTFE
• Chemical Suppliers
• Traders, Distributors, and Suppliers of PTFE
• Raw Material Suppliers
• Government and Research Organizations
• Industry Associations

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Based on end-use industry, the PTFE market has been segmented into chemical & industrial processing, electronics & electrical, automotive & aerospace, consumer goods, building & construction, and others. Chemical & industrial processing is the largest end-use industry segment of the PTFE market. PTFE is used in the production of vessel linings, seals, gaskets, spacers, plain bearings, gears, pipes, slide plates, and drilling parts, which are used in industrial machinery. High growth potential in the chemical industry is driving the demand for PTFE. Electronics & electrical is the fastest-growing end-use industry segment of the PTFE market.

Key players profiled in the report include Chemours (US), Daikin (Japan), 3M (US), Solvay (Belgium), Asahi Glass Company (Japan), Dongyue (China), Zhejiang Juhua (China), Shanghai 3F New Materials Company Ltd. (China), HaloPolymer (Russia), and Gujrat Fluorochemicals (India).

PTFE Market, by End-use Industry:

• Chemical & Industrial Processing
• Electronics & Electrical
• Automotive & Aerospace
• Consumer Goods
• Building & Construction
• Others

Extensive Use of Vinyl Ester Resins in the Pipes & Tanks, Marine, Wind Energy & Other End-Use Industry

The global vinyl ester market is projected to grow from USD 810.6 Million in 2017 to USD 1,080.0 Million by 2022, at a CAGR of 5.9% from 2017 to 2022. The extensive use of vinyl ester in pipes & tanks in various industries like chemicals and water & wastewater is the primary driver for the vinyl ester market. Growing environmental awareness has also increased the use of vinyl ester in FGD applications. The increasing use of vinyl ester in mass transit and railways is another driver for the market.

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The bisphenol A segment is estimated to be the largest type segment of the vinyl ester market from 2017 to 2022. Bisphenol A vinyl ester resins are used in a host of chemical applications and FGD processes owing to their corrosion resistance property. The marine industry mostly uses vinyl ester resins as barrier coats, gel coats, and in the main composite body of ships.

The pipes & tanks segment is estimated to be the largest end-use segment of the vinyl ester market in 2017. Vinyl ester is used in high-temperature formulations, such as chemical storage vessels and chemical reactors. It is also used in electro-refining tanks and as topcoats for metal containers.

Key players operating in the vinyl ester market include Ashland Global Holdings Inc. (US), Interplastic Corporation (US), Reinchhold LLC 2 (US), Sino Polymer Co., Ltd. (China), Swancor Holding Company Limited (Taiwan), AOC, LLC (US), Showa Denko K.K. (Germany), and Polynt (Germany), among others. These companies focus on investing in the capacity expansion of plants to achieve growth in the vinyl ester market.

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Increasing Populations and Rising Consumption of Packaged Food are Contributing Significantly to the Growth of the Alpha Olefins Market

The report "Alpha Olefins Market by Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), Application (Polyolefin Co-monomers, Surfactants and Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals), and Region - Global Forecast to 2022".

The global alpha olefins market is estimated at USD 9.26 Billion in 2017 and is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8%. The polyolefin co-monomers segment is projected to be the largest market for alpha olefins from 2017 to 2022, owing to the rapid growth of the plastics industry in the Asia-Pacific. Factors such as rising disposable incomes; rising living standards; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for plastics, which in turn are driving the alpha olefins market in the polyolefin co-monomers application.

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The different types of alpha olefins are 1-Butene, 1-Hexene, 1-Octene, and others. Lighter olefins are primarily used in the production of polyethylene which is further used to manufacture LLDPE, HDPE, and others. 1-Octene is used to produce plasticizers and lubricants, among others. The increasing need for plastics such as HDPE, LLDPE, and LDPE across various end uses are also contributing the growth of the market for 1-Octene in the region. Additionally, alpha olefins provide a versatile range of polypropylene resins. All these factors are expected to lead to the increasing demand for alpha olefins during the forecast period.

The major drivers contributing to the growth of the alpha olefins market are growing end-use industries, discovery of shale gas, and increasing demand for polyalpha olefin based lubricants. Growing R&D investments for the development of alpha olefins are expected to act as an opportunity for stakeholders in the alpha olefins market. Developments in the market, including new product launches, expansions, and capital investments, are expected to the help the growth of the market. Leading alpha olefin manufacturers have opted for the new product launches and expansions strategies in order to sustain their market positions. Manufacturers are undertaking investments to increase their production capacities of alpha olefins to introduce new products.  The companies profiled in this report are Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany), Dow Chemical (US), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company Ltd. (Qatar), among others.

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Mergers & Acquisitions Was the Key Strategy Adopted by Industry Players to Achieve Growth in the Expanded Polystyrene Market

The expanded polystyrene market is projected to reach USD 18.97 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The market is mainly driven by the growing construction and packaging industry in emerging countries.

Mergers & acquisitions was the key strategy adopted by industry players to achieve growth in the expanded polystyrene market. This strategy accounted for a share of 38.5% of the all the growth strategies adopted by key players in the market between 2013 and 2017. Companies are merging or acquiring competitors in emerging regions, due to the rising demand for expanded polystyrene from these regions. Besides merger & acquisitions, companies are also focusing on investments & expansions by expanding their production capacities and new product launches by increasing their product portfolios to fulfill the growing demand of consumers. These strategies together accounted for a share of 61.5% all the growth strategies adopted by key players in the market between 2013 and 2017.

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Europe was the most active region from 2013 and 2017, in terms of strategic initiatives. Investments & expansions was the most preferred strategy in this region by manufacturers to strengthen their position in the global expanded polystyrene market. Companies, such as Alpek SAB de CV (Mexico), SUNPOR KUNSTSTOFF GmbH (Austria), Synthos S.A. (Poland), The Ravago Group (Belgium), and Total S.A. (France) are the key players in Europe.

expanded polystyrene market

ACH Foam Technologies is another key manufacturer of expanded polystyrene. In September 2015, the company launched wine bottle packaging EPS with better design and tightening system for better protection of bottles. In October 2014, the company established a new plant in Fond du Lac, Wisconsin to produce high quality expanded polystyrene foam to meet the increasing demand for the product in the region.

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