Wednesday, 28 August 2019

Disposable Cups Market Future Growth Analysis, Business Demand and Opportunities to 2029


Global sales of disposable cups will total ~600 billion units in 2019, representing a 3.3 percent increase from 2018, according to the latest research from Future Market Insights. The disposable cups market is projected to grow at ~4% CAGR during the period, 2019-2029, driven by affordability and easy availability along with increasing consumption of non-alcoholic beverages which led to proliferation of cafĂ© retail chains and international coffee shops, especially in developing countries.

Due to growing prominence of the ‘throw away culture, disposable cups are continuously making their way into landfills and marine environment, subsequently raising potential concerns among environmental groups and consumers adopting ‘zero-waste’ culture. Manufacturers who are keeping the innovation quotient high by adopting sustainable solutions are likely to be rewarded in the long run.

Disposable cups have long been an ideal promotional or branding tool for beverage companies such as The Coca-Cola Company and PepsiCo, Inc., according to FMI’s analysis. Moreover, rapid normalization of disposability in line with the emergence of ‘convenience’ and ‘on-the-go’ trends, especially in the urban living, goes hand in hand with increasing demand for single-use packaging models such as disposable cups, which remains among the primary boosters to market growth.


Sales of Paper Cups for Non-alcoholic Beverages to See an Uptick in 2019
According to the FMI analyst, non-alcoholic beverages, including both carbonated and non-carbonated, will remain the largest and fastest-growing application category for disposable cups. As the use of plastic as a raw material continues to face excessive scrutiny from consumers as well as environmental organizations, manufacturers are focusing on increasing the production of paper disposable cups. As paper cups contributed half of the total sales of disposable cups in 2018, manufacturers are specifically focused in this category.

While the beverage sector continues to influence the growth strategies, manufacturers are targeted towards capitalizing on dairy sector. The FMI analyst forecasts that the consumption of disposable cups in the dairy space for ice-creams, yogurt, and others will show an increase of 3.3% year-over-year in 2019.
“As aesthetics drive desirability among consumers and fulfill marketing quota, manufacturers are placing their focus on adoption of digital printing technology to introduce both aesthetic and informative labels in their products,” said the FMI analyst. “Nearly 8 in 10 disposable cups sold in 2018 were printable, and will continue to gain relatively high traction as compared to non-printable disposable cups.

Market Gains Underpinned by Expansion of Food Retail
The consumption of disposable cups across various food retail sectors continues to be on an upward swing, representing a revenue share of ~60% in 2018. Within the food retail industry, the adoption of disposable cups by convenience stores will account for ~37% in 2019, while growing application in supermarkets is likely to result in increased market shares.


According to the FMI analyst, disposable cups worth ~US$ 5 billion were sold in foodservice sector in 2018. As both ‘dining out’ and ‘takeaway’ cultures gain prominence worldwide, on the account of rapid shift toward urban living and fast-paced lifestyles, disposable cups sales are set to remain high across the foodservice industry.

The U.S., China, Germany, and India to Record High Sales in 2019

While North America (28%), Europe (25%), and East Asia (17%) remain leading markets for disposable cups, South Asia is set to exhibit relatively high sales of disposable cups in 2019. In leading markets, strong establishment of end-use industries continue to drive the sales at steady rate, while rapid expansion of QSRs and foodservice outlets lined with increased income levels of consumers will provide potential growth prospects of the disposable cups market players in South Asia.

Tuesday, 27 August 2019

Industrial Oxygen Market Global Trends, Growth and Key Companies Analysis by 2029

Future Market Insights (FMI), in its new publication, offers a perspective on the future trajectory of the global industrial oxygen market for the period between 2019 and 2029. As per the report, global sales of industrial oxygen reached ~380 million tons in 2018, equaling revenues worth ~US$ 45 Mn. With rapid growth in steel production to meet the demand from upcoming infrastructural projects, industrial oxygen manufacturers are hard-pressed to adopt advanced technologies, to enhance their production capacities.

Demand for high-grade industrial oxygen is rapidly expanding in healthcare industry. As governments continue to put emphasis on greater healthcare access in rural communities, the FMI study finds that key market players are working on installing small- and medium-sized separate oxygen generation plants for hospitals in remote areas, to avoid any shortage in critical situations.
Market players have been strategically establishing air separation unit (ASU) production facilities, especially in developing countries, in partnership with local manufacturers. The report suggests that these partnerships aim to address the bulk requirements of industrial oxygen and other industrial gases in a whopping number of steel projects. However, industrial oxygen manufacturing uses tremendous amount of electricity and requires large and sophisticated equipment to separate, purify, and store these gases, which represent a threat to the steady growth of the market.


Key Players Explore Untapped Markets to Drive Sales Opportunities
FMI’s study finds that the industrial oxygen market is likely to grow at a CAGR of ~6% through 2029. One of the recent trends in the market is cracking the code of M&A activities with regional stakeholders to reduce transportation expense and supply loads, which in turn, reduces the overall cost for end users. With variation in the demand from different end users, compressed oxygen gas in single cylinders, which continues to be a low-cost, versatile method of oxygen supply, are likely to witness significant sales even in cost-sensitive markets. However, liquefied oxygen will continue to gain momentum in a multitude of industries, attributing to its high convenience quotient in terms of transportation and storage, irrespective of volume.

According to the study, innovations have been forthcoming for application of high-purity (>99%) industrial oxygen in a number of non-traditional areas. The market has been benefiting from rising demand for food-grade industrial gases that not only comply with the food grade standards but also help maintain the freshness of end products. Further, considering the limiting features of conventional stationary oxygen concentrators for patients with chronic obstructive pulmonary disease (COPD), market players mainly operating in medical gases sector are working on portable oxygen concentrators.

As industrial oxygen remains critical to the successful operations of a variety of manufacturing processes in steel and chemical industries, significant focus has been placed on the development of large-scale cryogenic air separation technology. Representing revenue share of ~70%, cryogenic air separation process of industrial oxygen continues to witness higher investments and innovations, according to the study.

The study opines that as manufacturing base of the world continues to shift towards developing countries in Asia Pacific where operational costs are relatively low, market stakeholders are directing their investments in setting up production facilities catering to steelmaking and other manufacturing industries. In Asia Pacific, demand for industrial oxygen keeps cropping up in various sectors including pharmaceutical & biotechnology and water & wastewater treatment, providing an added advantage to manufacturers, looking to reach newer consumer bases.


As per the study, ongoing consolidation of key players are creating entry barriers for local players. With the similarities of core businesses, there has been no significant obstacles to mergers for leading stakeholders. However, lack of funding and minimal technology upgradation have restricted the competitive advantage for smaller players. Moreover, manufacturers and suppliers of industrial oxygen will remain focused on establishing long-term supply agreements with end users to stay ahead of the pack.

Compressor Oil Market Analysis and Precise Outlook 2019 - 2029 | FMI Report

Future Market Insights (FMI), in its latest research study, delineates the growth trail of compressor oil market from 2019 to 2029 and underlines the key aspects upholding growth. According to the report findings, compressor oil sales reached ~ 1,092 thousand tons in 2018, and are likely to grow by ~ 5.5% Y-o-Y in 2019.
As lubrication continues to be at the epicenter of equipment efficiency across industrial domains, the demand for effective compressor oil formulations is likely to see an ascending outlook through 2029. While compressor oil continues to play a crucial role in a spectrum of post-sales services, such as repairs, installation upgrades, equipment reconditioning, inspections, and routine maintenance, FMI’s analysis expects a massive window of opportunities facing the key players active in compressor oil market space. 

Opportunities galore for manufacturers in compressor oil market in parallel with the ‘never-seen-before’ growth of the aftermarket space. As aftermarket has outgrown the phase of being an ‘afterthought’ and is being perceived as a profitable arm of the market, key players operating in the compressor oil market are focused on offering spare parts and enhancing their after-sales service offerings.


End user requirements for lubrication may considerably vary based on the type of compressor and gas, in addition to the environment in which it is used. Manufacturers are, accordingly, vying to showcase a vast portfolio, featuring compressor oils formulated for a range of compressor types, including reciprocating, rotary, dry screw, centrifugal, or sliding vane compressors.The report opines that end users will continue to show high preference for synthetic compressor oil, followed by the mineral and semi-synthetic variants. Synthetic compressor oil offers unmatched compatibility in comparison to its counterparts and meets the demand for severe service conditions, which is a key reason for it being the top-selling category. Synthetic oil also provides higher storage stability, high efficiency, less wear, enhanced oxidation stability, better film strength, and lower volatility-features that match majority of the lubrication requirements put forth by various end-user applications.

Manufacturers Prioritizing Product Innovations and Strategic Collaborations
Manufacturers are focusing on aggressive and influential marketing tactics across the key countries of Latin America and MEA, wherein the emerging opportunities in these regions could be of greater significance for them. Uninterrupted and consistent supply of certified products continues to be a key cornerstone for manufacturers to retain their market standing. Compressor oil manufacturers are also counting on product innovations as a catalyst for sustained growth in the compressor oil industry, unveils the report. For instance, in June 2019, Total S.A declared the official launch of its newest addition i.e. Planetelf PAG K 40, a high performance lubricant meant for use in automotive air compressors.


Although strategic part Compressor Oil Market

Although strategic partnerships and collaborations have been the strategic priorities of compressor oil manufacturers, the combination of the two offers a dual benefit, including extension of the existing customer base and enhancement of geographical reach. For instance, in 2018, the Atlas Copco Group announced acquisition of Reno A/S, a Denmark-based air compressor manufacturer, to uphold its shares in the global compressor oil market. In 2018, Exxon Mobil Corporation made an official announcement of its collaboration with Burckhardt Compression, a leading Switzerland-based manufacturer of compressors. This collaboration was aimed at fine-tuning product development processes of both the companies and building-up strong portfolios of high-performance lubricants.

Monday, 26 August 2019

Vulcanization Accelerators Market Growth, Trends, Analysis by Forecast 2019-2029 | FMI Report


Global Vulcanization Accelerators Market Introduction
Vulcanization Accelerators are employed for minimizing the degradation of rubber as well as acceleration of the vulcanization process. Vulcanization accelerators also help in lowering the temperature and increasing efficiency of the overall vulcanization process. The cross linking of polylines requires sulfur, less sulfur may increase the chances of early aging of vulcanized rubber. Use of vulcanization accelerators reduces this consumption of sulfur and improves the ageing properties of rubber. A wide range of chemicals are used as vulcanization accelerators, which can be grouped into five to six classes including mercapto accelerators, sulfenamide accelerators, thiuram accelerators, dithiocarbamate accelerators, amine accelerator and others. The speed of vulcanization of rubber depends on the class of chemical which is used as vulcanization accelerator. Vulcanization accelerators can also be classified into primary and secondary accelerators. Secondary vulcanization accelerators acts as activators for primary accelerators which also substantially increases the speed of vulcanization. Advancement in the vulcanization processes to speed up the production of rubber products, is expected to boost the demand for high performance vulcanization accelerators, in coming years. 
Market Dynamics of Vulcanization Accelerators Market
Increasing demand for vulcanized rubber from wide range of applications
Rising demand for automotive and transportation vehicles is pushing the rubber industry growth. Additionally, the demand for rubber is being pooled by wide range of applications of vulcanized rubber including automotive and aerospace tires, building & construction, industrial products, wires & cables, electronics, footwear, healthcare and others. Increasing demand for vulcanized rubber is pushing the speedy rubber production which include need for speedy vulcanization process. Therefore, demand for vulcanization accelerators is expected to increase at a significant rate in coming years. Vulcanization accelerators also improves the cross linking properties of rubber, this is expected to drive its demand from vulcanization process.
Rise in the regulations and environmental laws
European regulations by REACH on the rubber products and chemicals used in the production of rubber needs to be noted during the use of vulcanization accelerators in European countries. Additionally, increasing regulations on rubber industry globally may impact the potential growth of the vulcanization accelerators market. However, new developments in the rubber industry is expected to counter the impacts of environmental regulations by developing improved and ecofriendly materials and processes.
Vulcanization Accelerators market trends: Innovation, Research and New Product Developments
Extensive research in the material development is bolstering the growth of the high performance materials market. Rising demand for high performance tires and other rubber products from a wide range of applications is expected to push innovation in this field. Key market players such as LANXESS, Mitsubishi Chemicals Corporation, and Sumitomo Chemical Co. Ltd, are focusing on the sustainable solutions for meeting the changing demand, for improved materials, from application industry.
Vulcanization Accelerators Market: Regional Outlook
Asia Pacific is the leading market for vulcanization accelerators, due to large rubber production capacities in the region. Tire market is the leading application market of the rubber, in Asia Pacific. Growing automotive and footwear industry in Asia Pacific is pooling the demand for vulcanization accelerators in this region. Vulcanization accelerators demand from North America is also substantial and the growth of the vulcanization accelerators market is expected to be supported by increasing demand for high performance rubber products from various industries in this region. Europe follows North America in terms of demand, however the growth of the market is relatively slow in Europe. Diversification of industry in Middle East & Africa is supporting the growth of the rubber market along with the growth of vulcanization accelerators demand in this region. Latin America accounts for a relatively small share in the global vulcanization accelerators market and is expected to grow at a decent rate in coming years.
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Global Vulcanization Accelerators Market Participants     
Some of the market participants identified across the value chain of global Vulcanization Accelerators market are:
  • LANXESS
  • King Industries, Inc
  • Stair Chemical&Technology Co., Ltd.
  • KUMHO PETROCHEMICAL.
  • Mitsubishi Chemical Corporation
  • Sumitomo Chemical Co., Ltd.
  • Goodyear Rubber Company
  • LIONS INDUSTRIES, s.r.o.
  • Emerald Performance Materials
  • DOG Chemie
  • SANSHIN CHEMICAL INDUSTRY CO.,LTD.
  • Henan Kailun Chemical Co., Ltd.
  • Jiangsu Kaou Chemical Co., Ltd.

Organophosphate Pesticides Market Opportunities And Threats Market, Top key players & Forecast - 2029

Global Organophosphate Pesticides Market Introduction
Organophosphates also termed as phosphate esters, are the esters of phosphoric acids, whereas Organophosphate pesticides are the pesticides with organophosphate being the principal ingredient. Organophosphates are Organophosphate pesticides are highly toxic pesticides which can have a direct impact on human nervous system. Initially organophosphates were used as a war gas, however, for constructive purpose applications, the product has been modified to be used including crop protection and others, have been developed slowly. Organophosphate pesticides are considered as a hazardous chemical where prolonged contact in farms may lead to harmful effects on farmers on long term exposure. Many countries have banned the use of several types of organophosphates, however some of the organophosphates are still used globally in significant quantities for various applications. The various applications of organophosphates includes crop protection, garden protection, veterinary uses, and home insect treatments.
Even after environmental regulations and bans on some of the organophosphate pesticides, the overall organophosphate pesticides market is favored to witness a significant growth. Increasing innovation and new combinations of organophosphate with other chemicals is expected to push the demand for organophosphates pesticides, in coming years.
Market Dynamics of Organophosphate Pesticides Market
Increasing demand for crop protection chemicals
A wide range of agrochemicals are being consumed in the agricultural industry. Organophosphates pesticides has been contributing to a significant portion of the overall pesticides sales since their inception and is expected to have a prolonged growth in the agricultural industry. This is due to the fact that high efficiency and effectiveness of organophosphate based pesticides has been preferred in agricultural industry over other substitutes. The new developments in the agrochemical industry with improved effectiveness of pesticides on various pests is pushing the growth in demand for such improved pesticides in the market. Pests are responsible for the high loss of crops every year. Pest control is necessary task in overall agricultural processes. Organophosphate pesticides are proved as an effective pesticide for various types of pests. With the advent and robust growth of household pesticides market in residential and commercial space, the organophosphates market in turn is also expected to benefit from the same in terms of demand augmentation.
High level of toxicity of organophosphates and environmental concerns
Some of the organophosphates are globally banned due to their harmful effects on humans as well as environment. Increasing concerns for environmental protection including concerns for aquatic life is expected to hamper the potential growth of organophosphate pesticides market. However, combinations of organophosphates with other chemicals, to improve its performance and reduce the toxicity, is at the center of focus for product formulation by leading players in the market
Organophosphate Pesticides market trends: Innovation, Research and New Product Developments
Leading manufacturing companies of organophosphate pesticides are developing and testing new combinations for various applications. Expansions are followed the growth in demand for Organophosphate Pesticides, in the recent years. Key players are focusing on expanding their capacities along with the expansion of their geographical footprints, through a suitable distribution channel.
Organophosphate Pesticides Market: Regional Outlook
Global demand of organophosphate pesticides is led by Asia Pacific region, which is also witnessing a comparatively higher growth where the regional market leads in consumption of organophosphate pesticides with significant production and application of the same in large arable land. The increasing focus on crop protection for increasing crop yield is driving the demand for organophosphate pesticides in the region. North America follows Asia Pacific in terms of organophosphate pesticides sales and consumption in spite of few stringent regulations. Europe followed North America in terms of demand for demand for organophosphate pesticides. Rising agricultural production in the region along with the new developments in the region is expected to push the organophosphate pesticides market in this region. Middle East & Africa accounts for a significant share of the global organophosphate pesticides market. Latin America holds a smaller share compared to other regions, however significant growth in the demand is expected from the region with the increase in the initiatives to improve crop production in this region.
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Global Organophosphate Pesticides Market Participants   
Some of the market participants identified across the value chain of global organophosphate pesticides market are:
  • Arysta LifeScience
  • BASF SE
  • Bayer CropScience AG
  • The Dow Chemical Company
  • DuPont
  • FMC Corporation
  • Nufarm
  • Syngenta
  • Rallis
  • United Phosphorus Limited
  • Sumitomo Chemical

Friday, 23 August 2019

Nitromethane Market Future Growth Analysis, Business Demand and Opportunities to 2029

Nitromethane Market: Definition and Introduction
Nitromethane is a primary nitroalkane and the simplest form of an organic nitro compound. The chemical formula for Nitromethane is CH3NO2. Nitromethane is an oily, colourless liquid with a strongly unpleasant odor. The molecular weight of Nitromethane is 61.04 g/mol and the boiling point for Nitromethane is 214.2 ° F. Nitromethane is soluble in water, as well as chemicals such as ethyl ether, ethanol, acetone, and carbon tetrachloride. Nitromethane is highly flammable and emits toxic vapors of nitrogen oxides upon combustion or decomposition. Nitromethane is classified as a toxic substance and human exposure to nitromethane affects the skin as well as the central nervous system, leading to skin irritation, dizziness, narcosis, breathing difficulty and nausea. Nitromethane is also considered to be a probable human carcinogen. Nitromethane also possesses explosive hazard and possesses higher energy than TNT. Nitromethane has velocity of detonation of 21,000 ft/sec. (6,400 mtr/sec), and does not require oxygen to combust. Hence nitromethane poses a far greater risk than other organic compounds under conditions of adiabatic compression. Nitromethane is thus required to be stored and handled by personnel who are well trained and sensitized to the hazards possessed by the compound. Nitromethane is classified as a hazard class 3 substance (Flammable Liquid) as per the regulations of the International Air Transport Association’s (IATA) and the US Department of Transportation (DOT). The IATA’s Dangerous Goods Regulations prohibit the shipment or transportation of nitromethane using aircrafts. Nitromethane is manufactured using a reaction of propane and nitric acid. Nitric acid is used as a nitrating agent to carry out the nitration of propane in vapor-phase at high temperatures. This is an exothermic reaction and produces industrially important nitroalkane compounds such as nitromethane, 1-nitropropane, 2-nitropropane, and nitroethane.
Considering these aspects of the Nitromethane, the study of the trends and forecasts of the Nitromethane market becomes an important read.
Nitromethane Market: Dynamics
Nitromethane efficiently donates nitrogen, thus making it a functional molecule with high demand for the organic synthesis of pharmaceutical and agrochemical products. Nitromethane is also used in degreasing, dry cleaning and semiconductor processing applications, where it is utilized as a stabilizer of chlorinated solvent. Nitromethane is also used as a dissolving agent or solvent for acrylate monomers and finds application in the manufacture of adhesives. Nitromethane is also used as a fuel in high performance motorsports, such as drag racing, and even in rockets. Nitromethane requires significantly lower volume of air for combustion compared to gasoline, which allows more nitromethane fuel to be burnt per engine stroke (almost 9 times more than gasoline), thus producing high engine power. Nitromethane is used as a monopropellant given its low oxygen requirements for combustion. Even though nitromethane produces only around 25% of the combustion energy of gasoline, it provides high levels of instantaneous energy. Nitromethane also find application as a controlled explosive in various industries similar to TNT. Thus nitromethane is utilized across various industries and is a versatile compound with multiple application areas. The pharmaceutical and agrochemical industries, along with the automotive sector, are projected to drive market demand for nitromethane
Nitromethane Market: Regional Outlook
Nitromethane market is projected to witness moderate demand growth mostly from the pharmaceutical, agrochemical, automotive and chemical sectors. Asia Pacific region is expected to be a prominent market for Nitromethane, with growing demand for agrochemical, chemical and pharmaceutical products. The fast growing economies of Asia Pacific region will stimulate new demand for the nitromethane market. North America and Europe are significant markets too for Nitromethane, with steady demand and well developed industry structure. However, the health hazards posed by Nitromethane and the stringent regulations pertaining to its handling and use in these regions pose a concern and may play a restraining role. U.S., Germany, Norway, China, and U.K. are some of the key countries in the Nitromethane market.
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Nitromethane: Market Participants
Examples of some of the market participants identified in the Nitromethane market include,
  • ANGUS Chemical Company
  • Aceto Corporation
  • Greenchem Industries LLC
  • Wego Chemical & Mineral Corp
  • Linyi Yuanbo Chemical Co., Ltd
  • Zibo Xinglu Chemical Co., Ltd.
  • Wujiang Bolin Industry Co., Ltd.
  • JIGCHEM UNIVERSAL
  • Antera Agro Chem
  • CDH Fine Chemicals India

Technical Fluids Market Overview, Segmentation, Top Key Companies, Value Chain, Market Size and Trends

Technical Fluids Market: Introduction
Technical fluids are the specialty solutions formulated to serve specific applications for target end use industries. Technical fluids are one of the essential components of this modern industrial world. Technical fluids are used to increase the efficiency of process or the system. There are different types of technical fluids which are used for different applications in numerous industries. Metal working fluids, drilling fluids, heat transfer fluids, dielectric fluids, and compressor oils, brake fluids, damping fluids, coolants and lubricants are some of the types of technical fluids. Technical fluids a.k.a. heat transfer fluids plays a crucial role in the chemical and petrochemical industry. Similarly metal working fluids one of the important type of technical fluids, which used in general manufacturing, equipment manufacturing, metal fabrication and automotive industry amongst others. Drilling fluids are widely used in oil & gas industry. Dielectric fluids play an important role in electrical industry. Brake fluids and lubricants are widely used automotive industry. Coolants and lubricants are important type of technical fluids serving various industrial applications. Technical fluids can be broadly classified into the two categories: petroleum based and non-petroleum based respectively. Technological innovation and R&D activities play crucial role in the development of technical fluids market.   
Technical Fluids Market: Dynamics
Rapidly growing industrialization across the world is the primary factor responsible for the growth of technical fluids industry. Along with rapid industrial development there is need for efficient performance and maximum output which creates the positive outlook for the technical fluids market. Industrial evolution and technological advancement are expected to positively influence the technical fluids market. The profound requirement in chemicals, heavy engineering and petrochemical industries will fuel the demand for technical fluids. Increasing automotive production and swift growth of general as well equipment and machine manufacturing will drive the demand for technical fluids. Rising shale gas exploration activities along with growing crude oil production is expected to up surge the demand for technical fluids. Energy is one of the most essential part of this modern industrial world, there is rising demand for uninterrupted power supply which is expected to drive the demand for dielectric fluids one of the type of technical fluids. Growing urban population, GDP growth, rising disposable income are some of the factors which will indirectly affect the growth of technical fluids market. Increasing number government regulation on VOC emissions and certain petroleum based product might restrain the growth of petroleum based technical fluids.
Technical Fluids Market: Regional Outlook
North America is attributed as a promising market for technical fluids because of the high presence of chemical industry, automotive manufacturers, rising shale gas exploration activities. The rapid industrial growth, growth chemical & petrochemical industry and increase in automotive production has been witnessed in the recent past in Asia Pacific region, owing to which Asia Pacific can attributed as a prominent market for technical fluids. Europe is considered as a potential market for technical fluids owing to the predominance chemical and automotive manufacturers along with other industries, however the rising number of regulations on VOC might slowdown the market growth. In Middle East & Africa there is significant presence of oil & gas as well as petrochemical industry, which makes Middle East & Africa a strong market for technical fluids. Rising automotive production and rapid industrial growth makes Latin America a decent market for technical fluids.
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Technical Fluids Market: Key Participants
Examples of some of the market participants operating in the global technical fluids market are:
Arkema Group, VOLTRONIC GmbH, NISOTEC, BIZOL Germany GmbH, Nefteproduct JSC, Total, CIMCOOL Industrial Products LLC, Exxon Mobil Corporation, Multitherm LLC, Dynalene Inc., and Multitherm LLC.

Thursday, 22 August 2019

Synthetic Polyisoprene Rubber Market Opportunities And Threats Market, Top key players & Forecast - 2029

Worldwide sales of synthetic polyisoprene rubber will roughly equate the revenues worth US$ 590 million by 2019 end, a 7% increase year-over-year, according to the latest research from Future Market Insights (FMI).
FMI analysts expect the synthetic polyisoprene rubber market to grow at a CAGR of 8% during the period, 2019-2029, driven by incorporation of innovative materials in medical gloves production to prevent the risk of latex allergy along with increasing demand for highly efficient adhesives in building & construction industry. Analysts also expect that demand coming from high-end applications can offer larger profit pools, which should compel the manufactures to center their focus on developing material with high purity targeted at specific end-use applications.
Increasing environmental regulations in regard to mounting concerns over rising rubber waste in landfills will impact the market growth in the future. Manufactures who are taking off into new processing technologies and development of new raw materials compounds that will reduce the dependence on petroleum will succeed and continue to capture relatively high market share. Aligning with newer consumer and industrial trends will be a key to strengthening the position in the market as well.
Consumption for Medical Use to Increase in 2019 and Ahead
In 2018, sales of synthetic polyisoprene rubber for medical use represented ~57% share, and growing use in consumer goods production is likely to result in increased market share. Owing to enhanced consistency, lower impurities, improved manufacturability, and cost as compared to natural rubber, the use of synthetic polyisoprene rubber in healthcare or medical items will increase 6.7% year-over-year in 2019, according to the FMI analyst. Although the industrial use of synthetic polyisoprene rubber has been rapidly increasing over the years, it continues to account for lowest share in the market.
“The risk of allergy associated with surgical gloves manufactured from natural rubber latex has largely influenced the rising demand for synthetic polyisoprene rubber,” said the FMI analyst. “Moreover, application in medical glove production has contributed more than half of the growth of the synthetic polyisoprene rubber market in 2018.”
In the recent years, increasing awareness and promotion of condom use to prevent the transmission of several STDs has significantly raised the demand for synthetic polyisoprene rubber, especially for non-latex condoms. In addition, the FMI analyst forecasts the sales of synthetic polyisoprene rubber for application in medical balloons and catheters to collectively record ~20% share in 2019.
East Asia Leads Gains in the Synthetic Polyisoprene Rubber Market
According to the FMI analyst, Europe market for synthetic polyisoprene rubber will lose its leading position to East Asian Market in 2019, which generated revenue worth ~US$ 145 million in 2018. The emergence of Asia Pacific as the world’s largest producers and consumers of synthetic rubber continues to work to advantage of market stakeholders. “Rising demand for consumer goods and services in the region in line with favorable government policies supporting manufacturing facilities will continue to offer lucrative opportunities for the market players,” said the FMI analyst.
In 2018, the leading market players including Goodyear Tires, Royal Dutch Shell plc, and Kraton collectively accounted for ~35% share. Establishment of new manufacturing facilities where the cost of operation is relatively low and strategic positioning in the regional markets through acquisitions and joint venture with local players will remain key focal points of the leading stakeholders, according to the FMI analyst.

3D Printed Wearables Market Future Growth Analysis, Business Demand and Opportunities to 2029

The global 3D printed wearables market, valued at approximately US$ 3 Bn in 2018, will maintain its steady course, according to a new study by Future Market Insights (FMI). According to the study, the 3D printed wearables industry remains influenced by manufacturers’ focus on partnerships with technology providers to eliminate traditional limitations for design innovations.
Sensing the potential and consumer demand for 3D printed wearables, manufacturers have introduced a wide range of products – from footwear and clothes to jewelry and sports accessories. The report finds that 3D printed footwear will remain the top-selling category, accounting for one-fourth market share. 3D printing is expected to be the future of bespoke fashion, making mass customization mainstream, while optimizing use of resources.

3D printing holds significant potential in enhancing product developments in the wearables industry, enabling manufacturers to create prototypes and establish a proof of concept. Although high initial cost of 3D printers does remain a key concern, the low cost of operations and the convenience element are expected to offer long-term benefits for manufacturers. 

According to the study, the footwear industry has taken the lead in the adoption of 3D printing technology, with product offerings that range from shoes to insoles with personalized design. This trend of custom-made solutions in the footwear industry is likely to encourage companies to improve their processes and realize measurable returns on their investment.


The role of 3D printing in revolutionizing the manufacturing process as a whole while enabling mass production of customized products, is expected to complement future growth of the 3D printed wearables market.

Stakeholders Vying for Untapped Opportunities in the Medical Sector
This study opines that the scope of 3D printing technology is extensive in the field of medical wearables, and has created opportunities hitherto unforeseen in surgical and medical fields. Research in this sector has been inclined towards making living tattoos that act as sensors, to making viable organs that could revolutionize the transplantation process and printing bacteria for potential applications in the medical field.

The convenience of providing the accessibility of information to consumers, and tracking and monitoring their healthcare needs, is one of the leading aspects governing the attraction toward and adoption of medical wearables. This has led to a better understanding of conditions, for greater control over the end result. Even as the functionality of wearables increases, growing security risk is expected to be a major concern holding back the rate of progress in the field.

The study finds that 3D printed wearable manufacturers will benefit from of new solutions that feature mixed material printing. Key players in the market are partnering with engineers, mathematicians and architects for creating high-end 3D printed wearables for the future, which would feature added functionalities and improved accessibility to a wider array of data. As more wearable manufacturers turn to 3D printing for accelerated production and waste reduction, gains in the market are expected to surge at a significant pace in the foreseeable future.


According to the study, Europe and North America remain lucrative markets for 3D printed wearables, collectively accounting for ~70% shares. This can be attributed to a notable rise in the number of wearable startups, along with focus of key players on shifting their portfolio from fundamental wearables to smarter products with higher degrees of functionality.

The study offers a long-term forecast for the 3D printed wearables market for the period between 2019 and 2029. The 3D printed wearable market is projected to record a ~9% CAGR through 2029.

Wednesday, 21 August 2019

Chloroacetophenone Market Future Growth Analysis, Business Demand and Opportunities to 2029

Chloroacetophenone Market: Introduction
Chloroacetophenone is also known as phenacyl chloride and was discovered by German scientists in 1870. However, the compound was not developed to be put into scientific uses until 1877. The United States was the first nation which passed a resolution in 1923 to make use of the compound for law enforcement across the country.  Chloroacetophenone is a substituted acetophenone and an important building block in organic chemistry. Chloroacetophenone is synthesized by the Friedel-Crafts acylation of benzene by using chloroacetyl chloride in the presence of aluminum chloride as a catalyst. Chloroacetophenone usually exists in the solid form but has the ability to be converted into an aerosol agent. The compound in its purest form exists as a solid crystalline material which is white in color. The compound resembles sugar and salt in appearance. The usage of chloroacetophenone is either in the form of fine dust or in the form of an aerosol.
The primary use of chloroacetophenone is in the manufacture of tearing agents, pepper sprays and smoking agents (such as smoke bombs). Chloroacetophenone is known to be an irritant and accidental contact with the compound without protective gear can result in irritation of the eyes, skin or respiratory tract. Ingestion of the compound can also result in pain and discomfort in the abdominal region. Inhalation of chloroacetophenone can lead to lung infection, tightness of the chest, vomiting, nausea, etc.
Chloroacetophenone Market: Market Dynamics
Chloroacetophenone finds widespread application in the riot control segment which falls under the ambit of regional security. Smoke bombs and tear gas are commonly used to control riot outbreaks and make groups to disperse. The high incidence of riot outbreaks happening across the globe has been responsible for sustained demand and consumption of the chloroacetophenone market.
The major factor which is deterring the growth of the chloroacetophenone market is the highly hazardous nature of the compound. Chloroacetophenone, when bought in contact with the atmosphere, may, in certain conditions, chemically react with the atmospheric gases and produce hydrogen which is highly inflammable. Further, the ill effects of chloroacetophenone on human well-being are also inhibiting the growth of the chloroacetophenone market.
Chloroacetophenone Market: Regional Outlook
On the regional front, Chloroacetophenone has been widely used in the gulf countries as well as in South-East Asia. The use of tear gas has also been quite evident in riot prone areas of African nations. Chloroacetophenone has also found its share of application in pesticides in agrarian countries in South East Asia. Hence, chloroacetophenone is expected to find a major share of its consumption in regions of Asia, Africa and Latin America. However, countries such as the US, UK and Canada have passed resolutions recently to prevent the use of tear gas and other anti-riot chemicals due to the harmful effects of chloroacetophenone on human health as well as the environment which will adversely impact the market for chloroacetophenone in the region.
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Chloroacetophenone Market: Key Market Participants
Some of the key market participants in the global Chloroacetophenone market are:
  • Merck KGaA (formerly Sigma-Aldrich)
  • Santa Cruz Biotechnology, Inc.
  • Lianyungang Guangda Chemical Co. Ltd.
  • Taj Pharmaceuticals Ltd.
  • Tokyo Chemical Industry Co. Ltd.
  • Val Organics Pvt. Ltd.
  • SDI Group
  • Capot Chemical Co. Ltd.
  • Clarion Drug Ltd.
  • Neuchatel Chemie Specialities

Tuesday, 20 August 2019

Magnesium Acetate Market 2019 Size, Shares | Global Industry Revenue, Demand and Forecast - 2029

Magnesium Acetate Market: Introduction
Magnesium acetate is the magnesium salt of acetic acid and is available both in the anhydrous as well as the hydrated form. The latter is better known as magnesium acetate tetrahydrate. The salt has a tendency to absorb moisture present in the atmosphere and dissolve in it. The salt, upon heating, decomposes to form magnesium oxide. The chemical formula for anhydrous magnesium acetate is Mg(C2H3O2)and the hydrated form has the formula Mg(CH3COO)2.4H2O. In the hydrated compound, magnesium possesses an oxidation state of 2+. Magnesium acetate is a safe compound and has a health hazard rating of 0. However, it is advisable to handle the compound with protective gear such as gloves and safety googles as the contact of this compound with the eyes, skin or lungs may cause irritation. Magnesium acetate finds wide application in the textiles, transportation infrastructure, food and pharmaceutical industries.
The major advantage with respect to the usage of magnesium acetate is its ability to deice (keep free from ice) roads which in turn acts as an inhibitor of corrosion in automobiles. In addition, it is a suitable replacement for sodium chloride (normally used for deicing roads) which is non-eco-friendly as it kill trees by reacting with essential plant nutrients. For instance, in the later 1970’s the US Department of Highway Administration identified calcium magnesium acetate as a low corrosion, environmentally friendly alternative to road salt.
Magnesium Acetate Market: Market Dynamics
The rapid industrialization and the supporting need for energy is leading to the increasing combustion of fossil fuels (such as coal) in manufacturing and thermal power generation units. Production of steel is also contributing to emission of pollutants such as sulfur dioxide and nitrous oxide emanating from the combustion of coal. Magnesium acetate is sprayed into the coal burning furnaces and the humidity at the emission chambers is increased which removes and suppresses the release of particulate matter which contain sulfur oxide and nitrous oxides in addition to mercury. Magnesium acetate thus limits the release of such harmful pollutants into the atmosphere and reduces pollution.  This is one the key drivers fueling the growth of the magnesium acetate market.
Magnesium Acetate also finds application in tropical countries which experience snowfall as the compound is used in deicing highways. The increase in highway construction activity and the increase in traffic on such highways is one of the other major factors which is helping in the growth of the magnesium acetate market.
The major challenge which is impacting the magnesium acetate market is the widespread use of alternative environmentally hazardous chemicals such a sodium chloride and calcium chloride in high volume applications such as highway deicing and pollution suppression. This is attributable to the lack of awareness regarding the environmental benefits of magnesium acetate.
Magnesium Acetate Market: Regional Outlook
On the regional front, North America is the most dominant magnesium acetate market. This is due to the increasing highway network and the presence of a large number of pharmaceutical and food processing companies in the region. Further, the deicing property of magnesium acetate finds application in the region as it is prone to snowfall.
The Asia Pacific region is expected to witness the highest growth during the forecast period owing to the increasing industrialization in the emerging economies like India and China. In addition, the presence of a large number of textile, food and pharmaceutical industries is also fueling the growth of the magnesium acetate market in the region.
Magnesium Acetate Market: Key Market Participants
Some of the key market participants in the global magnesium acetate market are:
  • Merck KGaA (formerly Sigma-Aldrich)
  • Niacet Corporation
  • VASA PharmaChem Pvt. Ltd.
  • Celtic Chemicals
  • Hefei TNJ Chemical Industry Co. Ltd.
  • American Elements
  • Shanxi Zhaoyi Chemical Co. Ltd.
  • Yuanfu Chemical Co. Ltd.
  • Wuxi Yangshan Biochemical Co. Ltd.
  • Weifang Yuze Chemical Co. Ltd.
  • New Alliance Dye Chem Pvt. Ltd.
  • Lehmann&Voss&Co.
  • Ava Chemicals Private Limited
  • Halogens Chem
  • Pirochem Lifesciences Pvt. Ltd.

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