Thin Insulation Market - Industry, Trends, Outlook, and Opportunity Analysis, 2016–2024

Insulation materials are generally thick in size to provide better insulation. However, in some cases the available space for application of insulation material is limited. In such cases, thin insulation materials are utilized. Insulation materials can be made in different sizes and forms. Materials such as plastic, metals, fiberglass, aerogels, silica, and others are exclusively utilized to manufacture thin insulation materials. The thickness of these thin insulation materials is not greater than 20 mm. Thin insulation is applied in various industries including automobile, construction, and others. Thin insulation materials provide insulation from heat, noise, current, and other factors as well as takes up very little place as compared to other thick insulation materials.

A sample of this report is available upon request: https://www.coherentmarketinsights.com/insight/request-sample/363

Prevalent Scenario in Thin Insulation Market

Increasing industrial activities and industrial applications are driving the demand for thin insulation across the globe. Increasing demand for durable and compact products is also expected to boost the demand for these thin insulation materials. End user industries such as automobile and buildings and construction utilize thin insulation materials in a large scale. Buildings use thin insulation materials for thermal insulation from outside forces. In automotive industry, thin insulation assists in heat and noise insulation. Thin insulation also contributes in improving braking performance of the vehicle. These factors are driving the demand for thin insulation materials in these industries. Oil & gas industry also utilized tin insulation material in various machinery and equipment. Currently, Asia Pacific is the leading market for thin insulation. Countries such as China, India, Malaysia, Thailand, Japan, and Taiwan among others drive thin insulation market in this region. China is the dominant player in this market not only in Asia pacific but also globally. The demand for thin insulation in China is growing due to increasing industrial production and specialized equipment and machinery production.  In Europe, thin insulation market is dominated by Germany and France among others. Germany is one of the leading markets for thin insulation owing to presence of major automobile manufacturers in the country. Other high-end industries in the country also contribute to drive the demand for thin insulation in Germany.

Future Outlook of Thin Insulation Market

North America has limited share of the global thin insulation market. However, North America is expected to generate huge demand for thin insulation during the forecast period owing to growing demand in shale gas equipment, hydraulic fracturing equipment, and other high-end industries. In Asia Pacific, India is expected to create bog opportunities for market owing to increasing demand from automotive and construction industry. China is expected to remain the leading market for thin insulation during the forecast period. Other countries in Asia Pacific such as Malaysia, Thailand, South Korea, and Taiwan with large scale industrial output are also expected to drive the demand for thin insulation in the region during the forecast period. Middle East & Africa has witnessed steady rise in industrial activities.  Increasing activities in the oil & gas industry in the region are expected to drive the demand for thin insulation during the forecast period. Latin America is also expected to witness increase in demand for thin insulation owing to increasing production in automobile and construction industries.

Market Driven By R&D

The global thin insulation market is driven by research and development and new product development by leading companies. Companies are implementing various strategies to introduce new products with better insulation and less thickness.  Companies are striving to bring in new materials for thin insulation. Some of the major companies operating in the global thin insulation industry include Cabot Corporation, Armacell International S.A., Owens Corning, Dow Chemical Company, Johns Manville, 3M Company, Kingspan Insulation, Actis Insulation Ltd., ContiTech AG, Xtratherm, BASF Polyurethanes GmbH., Celotax Saint Gobain, Rockwool Group, BNZ Materials, Inc., and Huntsman Corporation among others.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Global Powder Coatings Market to Surpass US$ 15 Billion by 2025, with Asia Pacific Poised to be Growth Engine

The Global Powder Coatings Market was valued at US$ 9,130.4 Million in 2016, according to a new report published by Coherent Market Insights. The increasing use of powder coatings in various end-use industries such as appliances, automotive, furniture, architecture, and industrial will enhance the market growth in the forecast period. The solvent free content of these coatings results in negligible or low volatile organic compounds (VOC) emissions, which in turn makes these products environment friendly and hence, fuel demand for these coatings globally.

A sample of this report is available upon request: https://www.coherentmarketinsights.com/insight/request-sample/339

The global powder coatings market has witnessed significant growth in the last five years, owing to its added advantage over liquid coatings and low VOC emissions that helps end-use industries ensure regulatory compliance. Powder coatings helps in maintaining the outer appearance of the substrate on which they are applied and therefore, are extensively used by furniture manufacturers. These coatings are mainly applied on metal substrates as it helps in preventing scratches and provides better gloss appearance to the product as compared to other coatings.

Thermoset resin is the largest resin type segment that accounts for over 90% market share in the global powder coatings market. These resins are mostly preferred as they help in preventing shock and corrosion to industrial equipment, various appliances, and automobile parts and thereby, helps increase the lifespan of the product. Epoxy polyester hybrid resin segment is projected to witness the fastest growth during the forecast period. These resins are most suitable in heavy duty equipment, appliances, electrical enclosures, and agriculture equipment. Polyesters is expected to be the largest sub-segment in thermoset resin segment during the forecast period. These resins are highly applied in outdoor furniture and automotive parts manufacturing due to its superior performance in sunlight.

Key takeaways of the market:

• Asia-Pacific is projected to be the largest region in global powder coatings market. It accounted for around 42% of overall powder coatings market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, and ASEAN countries. The growing construction, and automotive end-use industries, rising urbanization, growing demand for fully furnished homes are some of the key drivers for the growth of powder coatings in the Asia-Pacific region.

• The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in discretionary income along with increasing automotive sales, and construction activities are expected to create lucrative growth opportunities for the players in this region.

• Automotive industry is one of the key industries for the use of powder coatings. A strong automobile sales in Asia-Pacific and Europe is expected to enhance the growth of powder coatings in the forecast period. The automotive applications such as rims, door handles, and under-the-hood components are the key automotive application for the use of powder coatings. In 2013, global automobile production was around 84 million units and has since registered 10% growth every year. Furthermore, growing sales of appliances for domestic and commercial applications such as washing machines, microwave ovens, air conditioner, freezer cabinets are also fueling growth of the market.

• PPG industries, AkzoNobel, Sherwin Williams, BASF, Axalta Group, Nippon Paints, Jotun A/S, Kansai Paint Co., Ltd, E.I. DuPont and The Valspar Corporation are few of the key players in global powder coatings market.

• There are various organic, and inorganic growth strategies which are being followed by the leading market players in the market. Technological advancement is leading to the key innovation in the new product launches. Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. For instance, PPG Industries launched a new cross-link polymer technology, which is introduced through ENVIROCRON HTE powder coatings. This product maximizes first pass transfer-efficiency rates for difficult-to-coat applications and provide faster built rates than traditional polyester coatings. Commercialization of the same is expected to scale the revenue over the forecast period.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Asphalt Additives Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

Asphalt additives are materials that enhance the adhesive force between aggregates and asphalt cements. They are also used for improving pavement performance through reduced moisture-induced damage and pavement rutting. Hot mix asphalt is a mixture of approximately 95% stone, sand bound together with the help of asphalt cement. The asphalt cement used for binding is a heated aggregate, combined, and mixed with the aggregate at a hot mix asphalt facility.

Cold mix asphalt is manufactured by adding a special category of emulsified asphalt with aggregates. The emulsion used reduces the viscosity of the asphalt, thus making it workable even at cold temperatures. Cold mix asphalt is premixed and stored for a long duration, thus making it an ideal product for road repairs and various other low-volume uses and is mixed and applied at lower temperatures as compared to conventional hot mix. Cold mix asphalt also has various environmental benefits such as low-temperature mixing resulting in reduced fuel consumption and resulting fumes. The production of cold mix asphalt is relatively eco-friendly, with very low associated emissions.

A sample of this report is available upon request: https://www.coherentmarketinsights.com/insight/request-sample/287

Asphalt Additives Market Taxonomy

On the basis of product type, the global market is segmented into:

• Polymeric modifiers
• Chemical modifiers
• Adhesion promoters
• Anti-strip
• Emulsifiers

On the basis of function, the global market is classified into:

• Warm mix
• Cold mix
• Hot mix

On the basis of application, the global market is classified into:

• Roads and Infrastructure
• Construction
• Paving

In construction industry, asphalt derivatives are used in formulating mortar admixtures and concrete. They also find application in manufacturing of gypsum, cement plasterboard and asphalt emulsions. Various asphalt additives used in the construction industry include foaming agents, dispersants, defoamers, grinding aids, accelerators and air entrainers. Asphalt additives are used for both, new construction as well as maintenance activities, with the former being the largest application area.

Browse Global Strategic Business Report: https://www.coherentmarketinsights.com/ongoing-insight/asphalt-additives-market-287

Asphalt Additives Market Outlook – Need for Increasing Road Infrastructure to be the Major Market Driver 

Asia Pacific and North America are expected to be the most potential markets for plastic additives manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Development of roads and infrastructure is one of the major factors contributing to the growth of geotextile market. Asia Pacific is one of the major contributors in the geotextile market globally. Rapidly flourishing urbanization has led to the increase in the requirement of new roads and modern infrastructure. This trend is expected to be followed over the forecast period. According to IBEF India has the second largest road network in the world and is expected to reach total revenue of USD 6.9 billion by the end of 2017. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. This mainly attributed to various government initiatives such as Pradhan Mantri Gram Sadak Yojana (PMGSY), during which 133-km roads per day was constructed in 2016-17 and others.

Reusable applications of asphalt additives are fueling the demand for asphalt additives, especially in Asia Pacific and Middle East regions. Expansion in various geographies is a key strategy adopted by the major players in the asphalt additives market. IN September 2015, CalPortland completed expansion of the business in California which will add to the manufacturing capacity of the company. 

Some of the major companies operating in the global asphalt additives industry include CalPortland, AkzoNobel N.V., Tri-Chem Industries, Ingevity, E. I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman International LLC, Kao Corporation, Honeywell International Inc., ArrMaz, and The Arkema Group.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Microspheres Materials Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

Microspheres are small sphere-shaped particles, with diameters in the micrometer range (typically 1 μm to 1000 μm). Microspheres, also called microparticles, are manufactured from various synthetic and natural materials such as polymer microspheres, glass microspheres, and ceramic microspheres. Floating and hollow microspheres can differ extensively in density and therefore, can be used for various applications. Hollow microspheres are usually used as additives to lower density of a material. Floating microspheres have numerous applications depending on their material and size.

A sample of this report is available upon request: https://www.coherentmarketinsights.com/insight/request-sample/272

The medical and biotechnology applications includes drug delivery systems, embolization, skin treatments, and bulking agent are the largest application areas of microspheres. Lightweight materials and syntactic foams are extensively used in aerospace sector. This in turn, makes aerospace the largest application segment in the market. Due to the growth of the drilling activities, there is a specific need of microsphere in drill muds to improve mud lubricity and control the essential torque of the drill machine. This makes microspheres an integral part of the oil & gas industry. The retro-reflective feature and lower specific gravity of microspheres have major demand in the manufacture of paints used in the road signs. In the manufacture of cosmetics and personal care products, microspheres are majorly used in the milling and grinding of various minerals and pigments. Growth of the cosmetics & personal care end-use industries, especially in emerging economies of India and China, creates a highly lucrative environment for growth of the global microspheres market.

North America is the largest and fastest-growing market for microspheres in the world. This is due to the high growth in end-use industries such as medical technology, automotive, oil & gas, and aerospace. Asia-Pacific is the second-fastest growing region due to burgeoning growth of life sciences & biotechnology, and paints & coatings end-use industries in the region.

Product innovation is one of the key strategies adopted by the leading players in the Microspheres material market, with BASF and Trelleborg at the forefront of innovation. BASF has developed innovative microsphere-based admixture technology for freeze-thaw durability eliminating the need for air-entrained concrete. Trelleborg has also developed Eccofloat—hollow glass microspheres to meet deep-sea buoyancy requirements for subsea applications. Some of the major companies operating in the global Microspheres materials market are Trelleborg, BASF, Phosphorex, Pylote, Potters Industries LLC, 3M Company, AkzoNobel, Dennert Poraver GmbH Luminex Corporation, Chase Corporation, Expancel, Sigmund Lindner GmbH, and Momentive Performance Materials Inc.

Microspheres Materials Market Taxonomy

On the basis of product type, the global market is segmented into:

• Floating Microsphere
• Effervescent Type
• Non-Effervescent Type
• Radioactive Microsphere
• Hollow Microsphere
• Magnetic Microsphere
• Muchoadhesive Microsphere

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Global Caprolactam Market to Surpass US$ 17.31 Billion by 2025, Buoyed by Rampant Growth of Automobile Industry

The Global Caprolactam Market was valued at US$ 11,453.48 million in 2016, according to a new report published by Coherent Market Insights. The increasing use of caprolactam in the end-use industries such as automotive, textile and electrical & electronics industry is expected to fuel the market of caprolactam. Asia Pacific is poised to be the growth engine of caprolactam market due to growing economy and changing lifestyle. Moreover, increasing population and growing demand for nylon 6 resin further lends traction to the caprolactam market. China is expected to dominate the caprolactam market in 2016 due to rapid growth of electrical and electronic end-use industries in the region. Stringent government regulation are expected to be key challenges for growth of the caprolactam market during 2017-2025. For instance on October 18, 2011, the Ministry of Commerce of the People’s Republic of China (MOFCOM) introduced regulation as per announcement no. 68 of 2011, to carry out anti-dumping measures against imports of caprolactam from U.S. and Europe.

A sample of this report is available upon request: https://www.coherentmarketinsights.com/insight/request-sample/290

Caprolactam is the basic raw material required in the manufacture of nylon 6 resin and nylon 6 fibers, which account for 26.13% and 52.94% revenue shares, respectively in 2016. Nylon 6 fibers are widely used in manufacturing of carpets, textiles and industrial yarns, while nylon 6 resin are used in automotive and electrical & electronics components manufacturing industry. The growing automotive industry in Asia Pacific is expected to fuel growth of the nylon 6 resin market. For instance, U.S.-based General Motors plans to invest US$ 1 billion in India by 2020, to increase production capacity of its Talegaon plant in Maharashtra from 30,000 units to 220,000 units per year by 2025. Moreover, the booming economy of India is propelling the rise of textile industry across the region. For instance, the Government of India is actively encouraging new entrepreneurs to invest in textiles sector by increasing allocation of funds to Mudra Bank from US$ 20.4 billion to US$ 36.6 billion. This in turn would fuel growth of the caprolactam market during 2017-2025.

Key takeaways of the market:

• Asia-Pacific is projected to be the largest region in global caprolactam market. It accounted for around 64.52% of overall caprolactam market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, and ASEAN countries. The growing textile and automotive end-use industries, rising urbanization, growing demand for electronic gadgets and electrical equipment are some of the key drivers for the growth of caprolactam market in the Asia-Pacific region.

• The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in discretionary income along with increasing automotive sales are expected to create lucrative growth opportunities for the players in this region.

• Automotive and textile industry are the key end-use industries in the caprolactam market. Strong growth in automobile sales in Asia-Pacific and Europe are expected to enhance growth of caprolactam market during the forecast period. The automotive applications such as gear, fittings, bearing and under-the-hood components are the key automotive application for the use of Caprolactam.

• BASF SE, China Petroleum & Chemical Corporation, China Petrochemical Development Corporation, Honeywell International Inc., KuibyshevAzot OJSC, Royal DSM N.V., UBE Industries, SINOPEC, Sumitomo Chemical Company Limited are few of the key players in global Caprolactam market.

• Technological advancement is leading to the key innovation in the new product launches. Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. For instance, in June 17, 2014, Honeywell International Inc., introduced a new Aegis nylon resin designed to protect electrical wirings and cables used in industrial and consumer products. Moreover, in May, 2015, Sumitomo Chemical Company Limited raised caprolactam price by US$ 70 per MT to US$ 1,880 per MT. Furthermore, in May 2015, BASF SE raised caprolactam price by USD 110.2 per MT in North America.

 About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Global Food Preservatives Market to Surpass US$ 2.97 Billion by 2025, Fueled by Burgeoning Growth of Food Industry in Asia Pacific

The Global Food Preservatives Market was valued at US$ 2.23 billion in 2016, according to a new report published by Coherent Market Insights. Food preservatives are substances added or sprayed onto food to restrict the growth of fungi, bacteria, and other harmful microorganisms. Increasing demand for convenience and packaged food is driving growth of the global food preservatives market. Natural food preservatives are the most preferred preservative and the segment is expected to gain further traction over the forecast period, according to the stats provided by Coherent Market Insights. Oil and salt are the primary natural food preservatives used to preserve food. For instance, salt is used to trap the water content in the food and is applied to store dried vegetables and fruits. Moreover, citric juices are also used as antioxidants and helps in fermentation of various foods. Increasing population, growing urbanization and increasing number of women in the workforce is increasing demand for processed and ready-to-eat food products, in turn driving growth of the global food preservatives market.

Download Exclusive PDF Brochure of Food Preservatives Market Report: https://www.coherentmarketinsights.com/insight/request-sample/356

Rampant economic growth in Asia Pacific is expected to create a highly conducive environment for growth of the food preservative market. For instance, according to India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian food processing industry accounts for 32% of the total food market in the country and contributes around 14% towards the country’s GDP. Furthermore, increasing investment by various players and supportive government initiatives would further favor growth of the food preservatives market in one of the largest economies in Asia Pacific. Also, ITC Limited plans to set up a premier food processing unit in Medak, Telangana with an investment of US$ 117.4 million. Furthermore, the Government of India, in December 13, 2014, established the Mega International Food Park at Dabwala Kalan, Punjab, which is directed towards strengthening the food sector in the country.

Key takeaways of the market:

• Asia-Pacific is projected to be the third-largest region in global Food Preservatives market. It accounted for around 27.6% of overall Food Preservatives market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of economy and rapid urbanization in China, India, and ASEAN countries. The growing demand for convenience food is expected to be the key drivers for the growth of Food Preservatives in the Asia-Pacific region.

• The market in Latin America is expected to register highest growth rate over the forecast period. Rise in discretionary income along with increasing disposable income is expected to create lucrative growth opportunities for the players in this region.

• Meat, poultry and sea food industry is one of the key industries for the use of food preservatives. Rapid urbanization and increasing working population in Asia-Pacific and Europe is expected to enhance the growth of Food Preservatives in the forecast period. Moreover, growing food industry and Foreign Direct Investment in Asia Pacific is expected to double the demand for food preservatives. For instance, according to the Department of Industrial Policies and Promotion (DIPP), the food processing sector in India has received around US$ 7.47 billion worth of Foreign Direct Investment (FDI) during the period April 2000-December 2016.

• Univar Inc., Hawkins Watts Limited, Cargill Inc., DSM N.V., AkzoNobel N.V., Tate & Lyle PLC, Brenntag AG, Galactic, Danisco A/S, Kemin Industries Inc., among others are few of the key players in global food preservatives market.

• Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. For instance, Mr. Tomasz Lukaszuk, the Ambassador of the Republic of Poland had also highlighted the keen interest shown by Polish companies looking for opportunities in India to expand collaboration and invest food processing.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

High Performance Plastics Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

Over the last couple of decades, plastics have emerged as an inseparable part of humankind, finding application in every fathomable part of daily life. Increased living standards, growing environmental awareness, and sustainable development thinking are driving demand for new and innovative material plastics. High performance plastics are used mainly in high temperature and high pressure applications. These plastics show excellent performance and effectiveness even when exposed to highly reactive chemicals. Due to their high chemicals resistance, low coefficient of friction, superior performance at high temperature, high strength, and high quality electrical resistance, these plastics are highly sought as compared to standard or engineering plastics. These plastics are more expensive and are usually used in very small quantities.

Fluoropolymers, high performance polyamides, sulfone polymers, liquid crystal polymers, polyketones, and polyimides are among the most commonly used high performance plastics. These materials are used in various end-use industries such as transportation, medical, and electrical & electronics.

Download Exclusive PDF Brochure of This Report: https://www.coherentmarketinsights.com/insight/request-sample/266

The transportation segment, which includes automotive, and aviation is the largest end-use segment in global high performance plastics market. This growth is due to high demand for these plastics in manufacturing exterior and interior components used in the aerospace and automotive industries. Superior mechanical properties, high heat stability, and superior chemical resistance of high performance plastics are key factors for extensive use of these plastics over other standard plastics in such key applications. Polyketones is the fastest-growing product type segment in the global high performance plastics. This is due to their unique properties that make them suitable for manufacturing components for various applications such as induction systems, fuel systems, coolant systems, powertrain,  engine components, brake systems, shaft seals, pumps & valves, shaft seals, surgical equipment, sockets, biotechnology, and transmission components.

High Performance Plastics Market Outlook – Asia-Pacific is the largest, and fastest-growing region, globally

Asia-Pacific is the largest, and fastest-growing region in the global high performance plastics. This is due to the growth in electrical & electronics industries in countries such as China, Taiwan, and South Korea, as they are among the largest manufacturers of electrical & electronics components. The key factors such as growing manufacturing plants of key major players in the region, high economic growth, cheap labor, and increasing FDI in emerging economies such as India and China are fueling growth of high performance plastics market in the region. The growing end-use applications of high performance plastics in automotive, aviation, medical, and industrial are also the key drivers for the growth of high performance plastics in the Asia-Pacific region.

High manufacturing cost leads to the high price of these plastics, which in turn inhibits market growth. Some of the major companies operating in the global high performance plastics materials market are BASF SE, Daikin Industries, Ltd., Celanese Corporation, Solvay S.A., Arkema SA, Evonik Industries AG, Kuraray Co., Ltd., E. I. duPont de Nemours and Company, SABIC, and Victrex Plc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Organic Chemicals Market - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players, forecast to 2024

Carbon and its various derivatives combine with elements such as hydrogen, oxygen, nitrogen, and sulfur, to form organic chemicals. The derivatives exist either in carbon chain or carbon ring. Increasing global population and surging urbanization are expected to fuel growth of end-use industries such as agrochemicals, pharmaceuticals, food & beverages, and cosmetics in turn fueling growth of the organic chemicals market. Asia Pacific is growth engine of this market, mainly attributed to the strong economic growth in India and China. Ethyl alcohols, synthetic organic alcohols, synthetic flavors, and pesticides are among the most widely used organic compound used in various end-use industries such as pharmaceuticals, food & beverages, and fertilizers. As per The World Bank data, the consumption of food and beverages is increasing significantly across the globe. The market for food and beverages in the lower low income people is around US$ 5 trillion in emerging economies, which is expected to boost the food and beverages industry in countries such as China and India during the forecasted period.

To know about the assumptions considered for the study, Request Sample Pages: https://www.coherentmarketinsights.com/insight/request-sample/263

Organic Chemicals Market Outlook – Surge in Pharmaceuticals Industries Augmenting Market Growth

The last decade has witnessed a spike in incidence rate of various diseases. This in turn has led to increasing spending by various government and non-governmental organizations on developing effective drugs to combat such diseases, subsequently propelling growth of the pharmaceuticals industry. This trend is expected to prevail over the forecast period, consequently fueling growth of the organic chemicals market. Global giants in pharmaceuticals space, such as Pfizer spent US$ 7872 million in 2016, which increased by 2% as compared to 2015 and Novartis spent US$ 8400 million in 2016, which have significantly increased investment in R&D for effective drug development. While North America currently accounts for the largest share in the global organic chemicals industry, owing to a robust production base, emerging economies of Asia Pacific are projected to witness fastest growth in the market over the following decade. This is mainly attributed to rapid industrialization and benefits of economies of scale in countries such as China, Japan, and India.

Organic chemicals Market Challenges – Stringent Environmental Regulations

Rising awareness regarding harmful health & environmental effects associated with manufacturing and use of organic compounds is expected to be one of the key challenges for the end user industry. For instance, on December 23, 2010, the Ministry of Environment and Forest (MoEF) of India implemented water (prevention and pollution control) act 1974 and air pollution act 1981. The law enforces strict regulation for production, use, import, and export of various hazardous chemicals such as phthalates, benzothiazole, among others. Treatment of hazardous waste chemicals prior to releasing in the environment, the organic chemical manufacturing company has to go through a series of complex processes. Moreover, the Chinese Ministry of Environmental Protection implemented penalty on manufacturer to lower the environmental pollution level, which led to shut down of many end user industries.

Organic Chemicals Market – Regulatory Scenario:

• Registration, Evaluation and Authorization and Restriction of Chemicals (REACH) and Classification, Labelling and Packaging (CPL) regulations
• Regulations regarding fertilizer production
• Regulations regarding detergents production
• Regulation regarding explosive production
• Regulation regarding drug precursors production
• Resource Conservation and Recovery Act (RCRA)
• Chemical Waste Disposal Law Govern by U.S. Environmental Protection Agency

Browse Global Strategic Business Report: https://www.coherentmarketinsights.com/ongoing-insight/organic-chemicals-market-263

Key players in the organic chemicals market include TCI America, BASF SE, PPG Industries, The Dow Chemicals Company, AkzoNobel, Royal Dutch Shell, Sinopec, ExxonMobil, Formosa Plastics, LyondellBasell Industries, DuPont, Ineos, Huntsmann and Reliance Industries. The market is fragmented, with some of the key companies in North America and Asia Pacific. Moreover, continuous development in R&D and M&A among the key players is expected to enhance their market opportunity.

Organic Chemicals Market Taxonomy

On the basis of product type, the global market is classified into:

• Acetic acid
• Ethyl alcohol
• Methanol
• Formaldehyde
• Aldehydes
• Citric acid
• Ketones
• Aliphatic
• Polymers
• Amides
• Others

On the basis of end user, the global market is classified into:

• Pharmaceuticals
• Pesticides
• Agrochemicals
• Plastics and polymers
• Cosmetics
• Food & Beverages
• Others

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Enzymes Market - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players, forecast to 2024

Enzymes are molecular catalysts that accelerates chemical reactions. The molecules in a specific chemical reaction with which the enzymes act are called substrates and the resultant molecules of the reaction is called products. The majority of enzymes are proteins and a few are RNA molecules. The enzyme activity can be regulated by activators and inhibitors. Activators increase the enzyme activity; whereas an inhibitor decreases a specific enzyme activity. Among product types, Lyases help in catalyzing the structural formation of bonds within an atomic structure by adding or removing chemical groups. The ligases can catalyze the bonding between different substrates with the help of energy source. Isomerases activate the restructuring of chemicals within a particular molecule. Oxidoreductases help in oxidation reduction, which is a process where a specific atom gives away its electron to a different atom. Transferases help in moving the chemical groups from one substance to another.

A sample of this report is available upon request@ https://www.coherentmarketinsights.com/insight/request-sample/257

Digestive enzymes such as amylase, gelatinase and lipase among others can convert food into usable compounds. Metabolic enzymes including acetyl coenzymes A and Phosphoglycerate Dehydrogenase among others gets generated in the body and helps in blood flow and proper tissue and organ functioning. Food enzymes such as lactase, lipase and protease among others can be extracted from milk, sugar, oil, meat and nuts among others.

Factors including growing demand for specialty enzymes, blooming pharmaceutical industry and focus on increased production in every end use industries is anticipated to drive growth of the global enzymes market over the forecast period (2016 – 2024).

Europe, followed by North America is expected to lead the global enzymes market over the forecast period, owing to high demand for functional food and presence of a large end use industries in these developed regions. However, rampant economic growth in emerging economies of India and China along with burgeoning growth of various end-use industries in Asia Pacific are expected to position the region as the fastest growing region in the global enzymes market over the forecast period. Asia Pacific is expected to be the most lucrative region for the enzymes market mostly due to a growing base for pharmaceutical industry and the increasing preference towards functional food among the populace.

Enzymes Market Outlook – Consumer Preference towards Functional Food to Drive Market Growth

With the specific health attributes that the functional foods provide coupled with growing health awareness is expected to drive the enzymes market over the forecast period. Enzymes are used to manufacture functional foods. Enzymes such as protease, lipase amylase and cellulose are used in functional foods to enhance its functional attributes, including enhanced digestion, anti-oxidation, decreased cell aging, and nutrient properties. For example, in order to lower cholesterol count, omega 3 fatty acids and probiotic yogurts are used as functional foods. Many scientists and researchers claim that omega 3 fatty acids can also help in better brain functioning. According to a study conducted by Coherent Market Insights, the global functional food market is estimated to reach US$ 65 billion by 2024 and is estimated to expand at a CAGR of over 15% over the forecast period.

Browse Global Strategic Business Report: https://www.coherentmarketinsights.com/ongoing-insight/enzymes-market-257

Detergents containing enzymes may trigger skin allergies. Moreover, high cost of handling enzymes act as barriers for growth of the global enzymes market. There are reported cases of enzymes (sodium tripolyphosphate, sodium alkane carboxylates, bacillus protease) that are used in detergents causing skin and eye infections.

Key players in the global enzymes market include Sanofi S.A., BASF, Roche Holding AG, BBI Enzymes Ltd., Codexis Inc., Affymetrix Inc. and AB Enzymes.

Enzymes Market Taxonomy

On the basis of source, the global market is classified into:

• Plant
• Animal
• Microorganisms

On the basis of product type, the global market is classified into:

• Ligases
• Isomerases
• Lyases
• Oxidoreductases
• Transferases

On the basis of application, the global market is classified into:

• Digestive Enzymes
• Metabolic Enzymes
• Cleaning Enzymes

On the basis of end-use industry, the global market is classified into:

• Food and Beverages
• Cosmetics
• Pharmaceutical
• Biofuel and Gas
• Feed
• Textile
• Paper and Pulp
• Detergent
• Others

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Global Acetate Salt Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts -2024

Acetate salts are clear and colorless crystals or liquid (in aqueous form) derived from acetic acid. Acetate salts are low toxic compounds that provide good buffering properties—ability to maintain solutions at relatively constant pH despite changes in acid or base concentration. These salts are extensively utilized in various end user industries such as pharmaceuticals, food processing, and water treatment industries, among others.

Market Dynamics

The global market for acetate salts is primarily driven by growing demand of food, chemicals and construction industry. It is used to neutralize sulfuric acid in the textile industry. Moreover it is used as a barrier to water in the concrete structures across the globe.

To know more about the key players in this market, get in Touch With us for a FREE sample of this report: https://www.coherentmarketinsights.com/insight/request-sample/251

Other factors including rapid depletion of fresh water reserves in countries in Asia Pacific and the Middle East fueling demand for acetate salt for water treatment, to recover magnesium salt from brine and aluminum salt from aluminum hydroxide by various industries to reduce investment made for raw water treatment equipment installation.. Moreover with the increase in population and growing urbanization, rapid adoption of frozen and canned food demand increasing across the globe..

However, the market faces certain drawbacks such as presence of benzoic acid and sodium benzoate that are commonly used as food preservatives, which are easily available in the market and rapidly maturing market in developed economies of North America and Europe, inadvertently leading to plunge in profitability.

Market Segmentation

Acetate salts are essential products for general, as well as industrial purposes. In the report, the acetate salt market is segmented on the basis of product type and end user industry. They are further segmented as follows:

By product type, the market has been segmented into

• Sodium acetate
• Calcium acetate
• Zinc acetate
• Potassium acetate
• Others

Get Exclusive Discount on this CMI Report: https://www.coherentmarketinsights.com/insight/request-discount/251

By end-user industry, the market has been segmented into

• Pharmaceutical
• Food Processing
• Water Treatment
• Petrochemical
• Cosmetic
• Others (Construction and Textile industries)

Among product types, sodium acetate segment dominates the acetate salt market. Factors such as extensive application in food processing, pharmaceuticals, textiles and cosmetics industry, makes sodium acetate the largest segment in the global acetate salt market. 

Among end-user industries, pharmaceuticals industry is currently the largest consumer of acetate salt and is also expected to witness fastest growth rate during the forecast period (2016-2024). Acetate salts are widely used in production of various types of drugs. Rapidly growing pharmaceuticals industry in emerging economies of Asia Pacific and South America has in turn resulted in high demand for acetate salt in these regions. Furthermore, its application in potato chips to give a salty and vinegar flavor, food processing industry is also increasing, where it is widely used as preservative and flavoring agent.

Regional Analysis

The market has been geographically segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In terms of consumption in 2016, North America dominated the market, followed by Asia Pacific, and Europe, respectively. Highly advanced pharmaceuticals industry and widespread presence of superior quality of water treatment solutions in North America makes it the largest acetate salt market. Furthermore, high consumption of frozen and canned food in the region is a major factor driving growth of the acetate salt market in North America.

However, Asia-Pacific, currently the second largest market, is expected to witness maximum growth rate during the forecast period (2016-2024). Owing to factors such as rapid industrialization & urbanization, growing population, dynamic economic development and improved standard of living, Asia-Pacific is currently witnessing significant rise in all major end-user segment of acetate salt market such as pharmaceuticals, food processing, and water treatment industries, laboratories textile industries, dyes industries and rubber industries, among others.

Browse Global Strategic Business Report: https://www.coherentmarketinsights.com/ongoing-insight/acetate-salt-market-251

Opportunities and Major Players

Sodium acetate is used to neutralize the sulfuric acid from waste pipes in the textile industry. Burgeoning growth of the textile industry, especially in Asia Pacific is expected to boost growth of the market over the forecast period.

The market of acetate salt is highly fragmented, with the presence of only few global players. Majority of the players in this market are local players, with better access to distribution in their local market.

Major companies dominating this market for its products, services, and continuous product developments are:

• Jost Chemicals
• Dow Chemicals Company
• Shepherd Chemical Company
• Karn Chem Corporation
• Chang Shu Nan Hu Chemical Co., Ltd.
• Wuxi Yangshan Biochemical
• NOAH Technologies Corporation
• Allan Chemical Corporation
• CABB GmbH
• Nantong Zhongwang Additives Co., Ltd
• Shanxi FanRongFu Chemical Factory
• Niacet Corporation
• FRP Services & Company
• Merck Millipore
• Avantor Performance Materials
• Solvay
• Alfa Aesar
• Loveridge Ltd.
• Amresco LLC.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.