The report "Maleic Anhydride Market by Raw Material (N-Butane and Benzene), by Application [UPR, 1,4-BDO, Additives, Copolymers, and Others), and by Region (NA, APAC, Europe, Row) - Global Forecast to 2020", The maleic anhydride market size, in terms of value, is projected to reach USD 5.08 Billion by 2020, at a CAGR of 6.8% between 2015 and 2020. The market is driven by the growing automotive industry and rapid industrialization in the Asia-Pacific region. The increasing demand of automobiles in emerging economies such as China, India, and Japan is fueling the growth of the maleic anhydride market in the region. Another major factor contributing to the growth of maleic anhydride is rising global demand for UPR, and 1,4-BDO.
Currently, the global maleic anhydride market is dominated by various market players such as Huntsman International LLC. (U.S.), Changzhou Yabang Chemical Co. Ltd. (China), Zibo Qixiang Tengda Chemical (China), Ningbo Jiangning Chemical (China), Lanxess AG (U.S.), Polynt (Italy), Thirumalai Chemicals Ltd. (India), Ashland Inc. (U.S.), Flint Hills Resources (U.S.), Nippon Shokubai Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Bartek Ingredients Inc. (Japan), Bluestar Harbin Petrochemical Corp (China), and others.
Market Dynamics
Drivers
Soaring demand for UPR and 1,4- BDO
Growth of end-use industries in the emerging nations
Restraints
Increasing governmental regulations
Rising use of green chemicals as an alternative for maleic anhydride
Fluctuating raw material prices and unavialability of n-butane
N-Butane to account for the major share of the maleic anhydride market till 2020
The maleic anhydride market is segmented by raw material, namely, n-butane, and benzene. N-Butane is the most preferred raw material and holds the major market share in global maleic anhydride market. The factors driving the n-butane maleic anhydride market are its lower cost process with higher productivity, a lower amount of risk involved, less complex production process, and it is less harmful to the environment.
Growing automotive industries and industrialization to drive the UPR application
The UPR application is leading the maleic anhydride market. This is owed to the rapid growth of the automotive, construction & manufacturing, and marine industry in the Asia-Pacific region. The increasing demand of automobiles can be attributed to the increasing disposable income of people and industrial growth in this region. This growth in the automotive industry eventually contributes to the growth of UPR in the Asia-Pacific region.
Asia-Pacific to be the largest as well as the fastest-growing market during the forecast period
The maleic anhydride market is broadly segmented into four regions, namely, Asia-Pacific, North America, Europe, and Rest of the World. Asia-Pacific is the largest market for maleic anhydride, followed by North America. Asia-Pacific is projected to be the fastest-growing market during the forecast period. Growing industrialization, in the region, has offered enormous opportunity for the use industries of maleic anhydride in the Asia-Pacific region.
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
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The report “Coated Steel Market by Resin Type (Polyester, Fluoropolymer, Siliconized Polyester, Plastisol, and Others), by Application (Building & Construction, Appliances, Automotive, and Others) - Global Forecast to 2020”, The global coated steel market (2015–2020) is projected to reach USD 26.68 Billion by 2020 registering a CAGR of 5.30% between 2015 and 2020. The major driver identified for the global coated steel market is growing demand from end-use industries such as construction, automotive, and appliances; stiff competition in the coated steel industry; inexpensive than electro-galvanizing process; product quality and differentiation; durability of cut edges; and fluoropolymer continue to grow in the building & construction market.
The coated steel market is highly competitive, with key market players, such as ArcelorMittal S.A. (Luxembourg), SSAB AB (Sweden), Salzgitter AG (Germany), OJSC Novolipetsk Steel (NLMK) (Russia), Voestalpine AG (Austria), OJSC Magnitogorsk Iron & Steel Works (MMK) (Russia), ThyssenKrupp AG (Germany), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel (U.S.), Essar Steel Ltd. (India), Tata Steel Ltd. (India), Lysvenskii Metallurgicheskii Zavod Zao (Russia), and Jindal Steel & Power Ltd. (India), accounting for a sizable share in the global market.
Growing demand from end-use industries is driving the demand for coated steel
The growth of the downstream industries is the key driving force for the coated steel market. For example, in the refrigerator market, the sales in the Asia-Pacific region have witnessed a steady growth in the past few years. China and India are the key production hubs of refrigerators due to huge domestic demand and low production costs. The great demand from such end-use industry has driven the market for coated steel. The increasing potential to spend on upgrades for kitchens, roofing, and basic home improvements and additions most of which include steel coated products are driving the coated steel market.
Polyester the largest resin type for coated steel
In 2015, the polyester resin segment accounted for the largest market share, in terms of value. Polyester resins form highly durable structures and coatings are cross-linked with a vinylic reactive monomer, which is most commonly styrene. The current industry trend highlights the use of polyester resin above all other resin types. In addition, it has limited use in the coatings industry primarily because curing is strongly inhibited by oxygen, leaving the surface of the polyester-coated steel soft and sticky. Due to these properties, the polyester-coated steel are the most broadly used coated steel, globally.
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
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The report "Sheet Molding Compound and Bulk Molding Compound Market by Resin Type (Polyester and Others), Fiber Type (Glass Fiber and Carbon Fiber), Application (Transportation, Electrical & Electronics, Construction and Others) and Region - Global Forecasts to 2020", The global SMC and BMC market is projected to grow from USD 2.36 Billion in 2015 to USD 3.26 Billion by 2020, at a compound annual growth rate (CAGR) of 6.69% during the same period. SMC and BMC materials are used in large volumes due to its superior features as compared to other traditional materials made from iron and steel. The increase in the demand for light and superior mechanical properties of SMC and BMC coupled with high demand for fuel-efficient vehicles is the factor driving the global market.
Increasing demand for lightweight and superior mechanical properties of SMC and BMC will drive the market in transportation application
The major factor driving the SMC and BMC market is the usage of these materials in the transportation application due to its lightweight and good mechanical properties. High demand for fuel-efficient vehicles is also acting as a crucial factor for the growth of the SMC and BMC market. These products offer superior properties including high corrosion resistance, high strength and rigidity, fire & flame resistance, and good electrical insulation.
Transportation application: one of the key segments in the SMC and BMC market
The transportation application will be the fastest-growing segment of the SMC market during the forecast period, whereas electrical & electronics application is expected to propel the growth of the BMC market. SMC finds various applications in the automotive industry, which includes deck-lids, front ends, spoilers, bonnets, and hoods. BMC is also used in automotive parts such as headlight liners, valve covers, and ignition parts. BMC possesses good electrical insulation properties, therefore it is majorly used in the electrical & electronics parts such as motor and anchor insulators, fuses, and switchgear.
Asia-Pacific is the largest market for SMC and BMC
China contributes a major market share in the Asia-Pacific region, whereas the U.S. constitutes the major market of the North American region. High growth in China is attributing to the large presence of automobile and electrical manufacturer in the country due to low raw material prices. Increasing urbanization and growth in the transportation industry are some of the factors that are expected to propel the growth of the SMC and BMC market in this region.
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
The report "High Purity Alumina Market by Purity Level (4N, 5N, 6N), by Application (Light Emitting Diode, Semiconductor, Phosphor, Sapphire, Others), by Region (Asia Pacific, North America, Europe, Rest of the World) - Global Forecast to 2020", The global high purity alumina (HPA) market is projected to reach USD 5.09 Billion by 2020, at a CAGR of 20.1% from 2015 to 2020. The increasing applicability of high purity alumina among varied end-user applications, such as LEDs, semiconductors, phosphor, and sapphire, among others is expected to drive the market for high purity alumina during the forecast period.
An in-depth market share analysis, in terms of revenue, of top companies is also included in the report. The numbers obtained are based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. The key players in this market include Altech Chemicals Limited (Australia), Alcoa Inc. (U.S.), Orbite Technologies Inc. (Canada), RUSAL (Russia), and Sumitomo Chemical Co., Ltd. (Japan), among others.
On the basis of Purity Level, the global HPA market has been segmented into:
4N
5N
6N
On the basis of Application, the global HPA market has been segmented into:
Increase in demand of high purity alumina from the LED industry
The LED application segment led the global high purity alumina (HPA) market in 2014, and is projected to grow at the highest CAGR between 2015 and 2020. The growing adoption of LEDs in varied industrial applications, such as home lighting, televisions, hybrid cars, and electric vehicles is driving the growth of the LED application segment in the high purity alumina market.
Asia-Pacific led the global high purity alumina (HPA) market
In terms of value, the Asia-Pacific region led the high purity alumina (HPA) market in 2014, by accounting for the maximum market share. In terms of volume, the high purity alumina (HPA) market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Recently, varied industries have shifted their manufacturing units to the Asia-Pacific region, due to availability of cheap labor and affordable raw materials. This is expected to drive the growth of the high purity alumina (HPA) market in the Asia-Pacific region.
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
The report "Petroleum Resin Marketby Type (C5, C9, Hydrogenated Hydrocarbon Resins and C5/C9 Resins), Application (Adhesive & Sealants, Printing Inks, Paints & Coatings), End-Use Industry (Building & Construction, Tire) and by Region - Global Forecast to 2021", The petroleum resin market size is estimated to grow from USD 1.78 Billion in 2016 to USD 2.58 Billion by 2021, at a CAGR of 7.7%. Download Free PDF Brochure: https://bit.ly/2DGCAtl
The key players in the petroleum resin market are Eastman Chemical Company (U.S.), ExxonMobil Corporation (U.S.), Total CrayValley (U.S.), and Kolon Industries (South Korea), Shandong Landun Petroleum Resin Co., Ltd. (China), Puyang Tiacheng Chemical Co., Ltd. (China), and Shanghai Jinsen Hydrocarbon Resins Co., Limited (China).
Asia-Pacific: The largest market of petroleum resins
Asia-Pacific is currently the largest market for petroleum resins. China is the largest consumer of petroleum resins in this region.
The following are the favourable forces driving the market for petroleum resins in Asia-Pacific:
Major manufacturers of petroleum resins in the region
Growing commercial & industrial construction in the region
Increasing investment in automobile sector
C5 petroleum resins: The largest type segment of petroleum resin market
Petroleum resins are categorized into four major types by such as C5 petroleum resins, C9 petroleum resins, hydrogenated hydrocarbon resins, and C5/C9 petroleum resins. These are the widely used types of petroleum resins. In 2015, C5 petroleum resins accounted for the largest market share in terms of both value and volume due to easy availability and cost-effective nature.
Adhesives & sealants: The largest application segment of petroleum resin market
Petroleum resins are used in adhesives & sealants, printing inks, paints & coatings, rubber compounding, tapes & labels, and other applications. These are the main applications considered in the report. In 2015, the adhesives & sealants application segment accounted for the largest market share as compared to other applications, in terms of value and volume, due to its increasing usage in building & construction and book binding end-use industries.
Petroleum Resin Market worth 2.58 Billion USD by 2021
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
The report "Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021", The market size of Natural Fiber Composites (NFCs) is projected to reach USD 6.50 Billion by 2021, at a CAGR of 11.68%, between 2016 and 2021. This growth is attributed to the high demand for NFCs in the construction and automotive industry, driven by the regulatory norms, and superior performance. Lightweight, high stiffness-to-weight ratio, consumer awareness regarding recyclable, and biodegradable materials, are advantages of the use of NFCs in the composites market.
Some of the key global players prevailing in the NFCs market are Trex Company, Inc., Advanced Engineering recycling technologies, Inc. (AERT), Fiberon LLC (U.S.), UPM Biocomposites (Finland), FlexForm Technologies (U.S.), among others. These players have adopted various organic and inorganic developmental strategies in the past five years. For instance, FlexForm Technologies formed FlexForm Korea Ltd. for the acquisition and operation of factories and production lines in Jeonju City and Cheonan, South Korea.
On the Basis of Type, NFCs market is segmented into:
Wood
Non-wood
On the Basis of Manufacturing Processes, NFCs market is classified as:
Compression molding
Injection molding
Other processes
On the Basis of Application, NFCs market is segmented into:
Manufacturing process: Compression molding comprises a major share in the NFCs market
Compression molding is the most widely used manufacturing process of NFCs. Automotive and construction industries are the key users of compression molded NFCs due to their benefits, such as cost effectiveness, high reproducibility, low cycle time, homogenous distribution of long fibers in fleece, lesser wastage of raw material and lower tooling costs. Heavy and intricate complex parts with good surface finish can be made with the help of compression molding, which make it suitable in the construction industry. In the automotive industry, it is used to produce interior parts of automobiles with higher strength and stiffness.
Construction & Automotive industry is at the forefront and driving the NFCs market
The demand for NFCs in the construction industry for outdoor deck floors, railings, fences, landscaping timbers, park benches, window and door frames, and indoor furniture has grown remarkably on the global platform. This is due to their superior strength-to weight ratio, recyclability, and low cost. Further, NFCs are becoming popular and essential for making automotive components such as seatbacks, parcel shelves, boot linens, front and rear door linens, truck linens, and door-trim panels due to their lightweight and increased fuel efficiency.
North America accounts for a major market share of NFCs market
The North America region accounts for the largest market of NFCs, globally, due to the high demand from the construction industry and regulatory norms requiring the use of ecofriendly materials. Along with the existing capacities, several NFCs manufacturers, are expanding their production capacities. According to the Department of Environment Food & Rural Affairs (DEFRA) report, almost 1.5 million vehicles included applications for natural fibers such as kenaf, jute, flax, hemp and sisal in combination with thermoplastic polymers such as polypropylene and polyester. The demand for NFCs in North America is projected to continuously increase in the near future on account of significant performance at lower prices of NFCs in automotive and construction applications driven by regulatory standards recommending the use of lightweight and recyclable materials.
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
The report "Heat Shield Market by End-Use Industry (Automotive, Aircraft & Defense (Firearm)) and Material Type (Aluminum, Metallic, Non-Metallic) - Global Trends & Forecasts to 2021", The global market size of heat shield was USD 3.14 Billion in 2015 and is projected to reach USD 4.19 Billion by 2021, at a CAGR of 5.06% between 2016 and 2021. Rise in automotive and aircraft production, and rising concern towards safety in the end-use industries are the major factors driving the heat shield market.
The major restraint of the market is the emerging battery-driven vehicle market, which will eliminate the use of exhaust system in the vehicles, where the heat shields are majorly used. Expansion and new product launch are the most preferred strategies adopted by the key market players to sustain in this highly competitive market. The major opportunity for heat shield is the innovations and the technological advancements in the manufacturing of heat shields. Some of the important manufacturers are Morgan Advanced Materials (U.K.), Dana Holding Corporation (U.S.), Federal Mogul Holding Corporation (U.S.), Autoneum Holdings AG (Switzerland), Lydall Inc. (U.S.), Elringklinger AG (Germany), Progress-Werk Oberkirch AG (Germany), UGN Inc. (U.S.), ThermoTec Automotive (U.S.), Zircotec (U.K.), and others. Companies in this market compete with each other with respect to prices and product offerings to meet the market requirements.
Market Segmentation, by End-Use Industry:
The heat shield market has been segmented based on application:
Automotive industry end-use industry captures the largest share of the heat shield market
The heat shield market is segmented based on end-use industry into automotive, aircraft, and defense (firearms). Automotive heat shield captured the maximum share of the overall heat shield market in 2015 and is projected to witness high growth rate during the forecast period. This is due to the rising living standards and rising demand for automotive in the developing countries.
By material type, non-metallic heat shield captures the largest share of the heat shield market
Heat shields are segmented as metallic and non-metallic based on the material type. Non-metallic heat shield is the most commonly used heat shield material mainly due to rising use of composites and related materials in the manufacturing of heat shields. In addition, the non-metallic heat shields are lighter in weight and have high temperature resisting capacity, which accounts for their higher market share.
Asia-Pacific is the largest heat shield market
The heat shield market is broadly segmented into six regions, namely, Asia-Pacific, North America, Western Europe, Central & Eastern Europe, South America, and the Middle East & Africa. Asia-Pacific is the largest heat shield market, followed by North America and Western Europe, in terms of value. The rising consumption of passenger cars, especially in the developing economies, and increased safety and security requirements in the exhaust system of automotive and aircrafts are some of the major factors boosting the heat shield market.
Heat Shield Market worth 4.19 Billion USD by 2021
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
The report "Compressor Oil Market by Base oil (Synthetic, Mineral, Semi-Synthetic, and Bio-based), Compressor Type (Dynamic, Positive Displacement), Application (Gas, Air), End-Use Industry (General Manufacturing, Construction, Oil & Gas) - Global Forecast to 2023" The compressor oil market is projected to reach USD 13.2 billion by 2023, at a CAGR of 5.6% from USD 10.1 billion in 2018. Compressor oils are widely used in the manufacturing sector such as transportation equipment manufacturing, metal production, commercial machinery manufacturing, food & beverage, and rubber & plastic industries. Hence, the rapid growth in these industries is expected to contribute to the growth of the compressor oil market. Additionally, the growth in other industries such as construction, oil & gas, power generation, mining, and chemical & petrochemical is expected to fuel the compressor oil market.
The key players in this market are Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum Plc ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan). These players have adopted various growth strategies to expand their presence and increase their shares in the compressor oil market. For instance, Fuchs Group acquired Ultrachem Inc. a US-based lubricants manufacturer known for producing synthetic lubricants for compressor for over 40 years.
Key Questions addressed by the report:
What are the major developments impacting the market?
Where will all these developments take the industry in the mid to long term?
What are the upcoming applications of compressor oil?
What are the emerging end-use industries of compressor oil?
What will be the major factors impacting the market growth during the forecast period?
General manufacturing was the largest end-use industry segment of the compressor oil market in 2018.
The general manufacturing industry is estimated to account for the largest share of the compressor oil market during the forecast period, in terms of value. General manufacturing includes various small industries such as transportation equipment, metal production, commercial machinery, food & beverage, and rubber & plastic. These industries consume compressor oil during product manufacturing; hence the use of compressor oil is important in these industries to ensure smooth functioning of the machine. The rapid growth of the manufacturing sector in the developing regions is expected to drive the compressor oil market during the forecast period.
High-performance properties of synthetic oil to drive the market for compressor oil during the forecast period.
The dominance of the synthetic oil segment is projected to continue during the forecast period, owing to its high performance in extreme conditions, high drain interval, better viscosity index, higher shear stability, and chemical resistance. The increased consumer awareness regarding OEM recommendations and favorable properties of PAG, such as water solubility and high viscosity indexes are expected to drive the synthetic oil-based compressor oil market during the forecast period.
APAC is estimated to be the largest market for compressor oil in 2018.
APAC is the largest compressor oil market during the forecast period due to the high growth of the manufacturing and construction industries in emerging countries such as China, India, Japan, and South Korea. The domestic and foreign investments in the construction industry have been consistently growing over the past decade in this region. Moreover, the rising investment for infrastructure development in the developing countries of APAC is fueling the compressor oil market in the region.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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The report "Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021", The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.
The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies.
On the Basis of Feedstock: The methanol market is segmented on the basis of feedstock that include
Natural Gas
Coal
Others
On the Basis of Derivative: The market is segmented on the basis of derivative that include
Coal: The largest feedstock of methanol
The global production of methanol is 40 million tons per year, most of which is produced from natural gas and oil. However, high prices and limited reserves of natural gases in certain geographical areas such as China and Africa have stimulated interest in unconventional feedstock for the production of methanol. Thus, coal comes across as a sustainable alternative raw material for large scale methanol production owing to its abundance, low cost and efficient coal gasification technology.
MTO/MTP: The fastest-growing derivative of methanol
MTO/MTP is the fastest-growing derivative segment in the methanol market. Methanol-to-olefins and methanol-to-propylene (MTO/MTP) applications are gaining momentum and are expected to become the largest derivative of methanol, in terms of both, value and volume, by 2021. Ethylene and propylene are the major feedstocks of polyethylene and polypropylene plastics, respectively, which are in huge demand. The demand of these olefins is the major driver for the massive growth of the methanol market in MTO/MTP derivative.
Asia-Pacific: The largest and fastest-growing market for methanol
Asia-Pacific is the most favorable market for chemicals, power, and fuels and is anticipated to be the same in the coming years. The continuous rise in the production of methanol, as an alternative fuel for automotive in the region is the main driving force of the methanol market. The growing demand and policies including emission control, environment friendly products, and so on, have led to innovation and developments in the industry, making it a strong methanol production hub, globally. The excessive growth in the production of olefins, and rise in MTO/MTP plants in China since last few years are working as a driver in the methanol production in the Asia-Pacific region.
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The report "Gas Analyzer, Sensor & Detector Market by Technology (Electrochemical, Infrared, Metal Oxide Semiconductor, Catalytic, Laser), System (Fixed and Portable), Application (Water Treatment, Healthcare, Food & Beverages) - Global Forecast to 2021", The gas analyzer market is projected to reach USD 4.06 Billion at CAGR of 5.70% between 2016 and 2021. This high growth is fueled by the increasing demand for GASD due to the implementation of stringent environmental conservation policies and rising standards on workplace and residential safety.
The Asia-Pacific region continues to be a significant market of GASD devices. Globally, this region has been a leader in the Gas Analyzer, Sensor & Detector market with respect to demand as well as production capacity. Key countries in the Asia-Pacific market include Japan (the most dominant market), China, India, and Australia. South Korea, Malaysia, and Singapore witnessed promising demand for Gas Analyzer, Sensor & Detector devices in 2015, which is expected to grow steadily in the near future.
Oil & gas and chemicals - Major market for GASD
GASD are extensively used in oil & gas and chemical end-use industry. Safety control for industrial gas processes is one of the key driving factors of the GASD devices market in the oil & gas and chemicals industry. The companies operating various chemical plants or oil and gas extraction sites have to make sure that the emissions of various potent gases are according to the standards set by local governments; this has led to a surge in the demand for GASD devices. The frameworks mainly focus on reducing sulfur dioxide emissions by 99% and identifying the leaks from valves at gas processing plants.
Electrochemical: Major technology used in all the end-use industries
Electrochemical technology works on the principle of reacting with gases and generating electrical signals that are proportional to gas concentration. There are a wide range of electrochemical sensors, detectors and analyzers available in the market, where users can choose, depending on the target gas to be detected and the location. Electrochemical sensors consume less power and are less affected by temperature and pressure compared to other technologies. They have life span of three years. Therefore, the electrochemical sensors are widely used across the world. The use of electrochemical GASD devices is prevalent in applications such as oil & gas and chemicals and building & construction.
In terms of value, the U.S. and China together accounted for more than 40% of the global GASD market, in 2015
The U.S. is the largest market of GASD devices, globally. China is the largest market in the Asia-Pacific region. U.S. and China together accounted for a significant share of the global GASD market size, in terms of value, in 2015. They are the largest markets in their respective regions and are expected to compete with each other to dominate the market by 2021. The increasing use of GASD in these countries is mainly due to the stringent environmental conservation regulations, awareness regarding the benefits of using these devices for personnel safety at workplaces and also in the commercial and residential sectors.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com
