Monday, 17 September 2018

Sulfuric Acid: An Essential Chemical for Various Applications

18 September 2018: Sulfuric acid is a water-soluble, colorless clear liquid mineral acid that is usually produced in mining industries when metal ores are smelted. It finds applications in a variety of industries including chemical manufacturing, textile industry, petroleum refinery, automotive, fertilizers, metal processing, and paper & pulp. It is also used in the production process of various products such as batteries, automotive parts, agricultural chemicals, veterinary medicines, synthetic fibers, jet fuel, and many others.

Sulfuric Acid Market to Reach at USD 13.45 Bn. by 2025

Sulfuric Acid to Have Maximum Demand in Fertilizers Manufacturing

Fertilizers led the application segment for sulfuric acid in 2016 accounting for 54 % of the overall revenue share. The segment is expected to continue the trend even during the forecast period i.e., from 2017 to 2025. This growth is attributed to the rising demand for the production of phosphate fertilizers for enhancing the quality of irrigation water. Reduced arable lands, caused due to growing urbanization and industrialization across the globe, have forced farmers to use fertilizers for better crop yield. This factor is projected to fuel the demand for fertilizers, thereby boosting the segment’s growth over the next few years. Other application segments including petroleum refining, chemical manufacturing, and metal processing are also likely anticipated to witness a substantial growth rate during the forecast years.

Companies working in this field focus on M&A activities and invest heavily in the production of sulfur and byproducts. One of such industry development includes a contract signed between Yidu Xingfa Chemical Co. Ltd. and DuPont Clean Technologies.
DuPont has recently received an agreement contract from Yidu Xingfa for the engineering and technology license for a sulfuric acid plant in China (3600 tpd MECS MAX3). The new plant will be able to process up to 1.2 MMtpy of sulfuric acid and also support the creation of another 400,000 tpy of acid and 35000 tpy of potassium phosphate monobasic.

Market Overview

Based on the findings of a research report by Grand View Research, Inc.; the sulfuric acid market is estimated to reach at $ 13.45 billion by 2025 growing at a CAGR of 3.3 % from 2017 to 2025. This growth can be credited to the rising investments in plant facilities as a result of increasing production capacity of phosphate fertilizers along with stringent regulatory scenarios by various governments. In addition, escalating product demand as a dehydrating agent, reactant, and catalyst from various application sectors is also likely to boost the market development in near future. Akzo Nobel N.V.; Solvay S.A.; and E. I. du Pont de Nemours and Co. are the pioneers in the global sulfuric acid market.

In-Depth Research Report On Sulfuric Acid Market:

New Promising Applications of Silane to Promote Usage in Different Industries

18 September 2018: Silane is a silicon-based compound used as a crosslinking agent, resin additive, coupling agent, and adhesion promoter in several applications. It is used as a water scavenger and adhesion promoter to enhance temperature, chemical, and moisture resistance. Coatings manufactured using the product display improved filler dispersion, flow behavior, and pigment dispersion.

Silane Market to reach US$2.15 bn by 2025

 Paints and Coatings to Remain Prominent Application Segment through 2025

Key applications of silane include rubber and plastics, adhesive and sealants, paints and coatings, and fiber treatment. Among these, demand for silane in the manufacturing of paints and coatings is expected to remain upbeat through 2025. The product is extensively used in the production of automotive coatings, marine coatings, aircraft coatings, anti-corrosion coatings, interior & exterior decorative coatings, and emulsion paints. These paints and coatings find applications in automotive, building and construction, electronics, and industrial machinery. Thus, robust growth of these end-user industries is anticipated to fuel the demand for silane.

Increasing investments in infrastructure development in emerging economies are contributing to the growth of the segment. Rising environmental concerns are driving the demand for water-based paints and coatings, thereby creating a staggering volume of demand for silane. The product is also widely used in adhesives and sealants. Its usage improves strength and long-term stability of adhesives.

Besides the aforementioned verticals, continual research and development activities are opening new areas of application of silane, which is estimated to stir up its demand in other sectors. To put this in perspective, in March 2017, a team of researchers from Argonne National Laboratory developed a sponge-like material that can facilitate cleanup of oil spill sites. This sponge is coated with silane molecules and is reusable in nature.

Market Insights

The global silane market is projected to exhibit a CAGR of 4.3% during the forecast period (2017–2025). With the robust growth of the automotive industry worldwide, the global silane market is likely to rake in a healthy share of the revenue pie. Silane is used in automotive rubber to enhance some of its properties such as rolling resistance, compression, abrasion resistance, and compound modulus. In addition, emergence of green tires can provide a boost to the market.

According to a report by Grand View Research Inc., Asia Pacific will remain at the forefront of growth throughout the forecast horizon. Rapid infrastructure development along with expansion in the construction industry is supplementing the growth of the regional market. Some of the prominent players in the market are Gelest, Inc.; Shin-Etsu Chemical Co. Ltd.; Evonik Industries; Wacker Chemie AG; and Dow Corning.

In-Depth Research Report On Silane Market:

Oil & Gas OEMs to Collaborate with PD Pump Manufacturers to Streamline Operations

17 September 2018: Positive displacement (PD) pumps are machines that displace or disperse fluids at a constant volume and rate. They move fluid by trapping a fixed volume of it and then pushing that trapped volume into discharge pipe. These pumps are primarily used because of their ability to deal with high viscosity fluids and high-pressure changes, without compromising on performance.

PD Pumps Market to Amount to US$4.2 Bn by 2025

Pharmaceutical Industry to Emerge Promising Avenue for PD Pump Manufacturers

PD pumps are widely used across the globe in various end-user industries, including oil and gas, chemical, water treatment, food and beverages, and pharmaceutical. Among these, the oil and gas sector will be a prominent end-user sector of the product. Growing oil and gas exploration activities along with the soaring need to upgrade existing wells are likely to create a staggering volume of demand for positive displacement pumps in the industry. Rising popularity of horizontal drilling and hydraulic fracturing technologies is also contributing to the growth of the segment.

These pumps are used in the industry for several applications such as circulation of heat exchangers, cooling loops, hot water discharge, pumping systems, pipelines, and refrigeration systems. Increasing acquisitions and collaborations between oil and gas OEMs and PD pump manufacturers are expected to supplement the growth of the segment. For instance, in October 2017, AFGlobal acquired the Axon pressure pump technology in order to help clients improve durability, cost, and capability with ease of system integration. This acquisition will also facilitate clients to build efficiencies and streamline their operational suppliers.

The pharmaceutical industry also presents significant growth opportunities to PD manufacturers. Burgeoning sales of pharmaceuticals worldwide are bolstering the demand for the product. Emergence of automated drug manufacturing processes is also supporting the growth of the segment.

Market Insights

The global positive displacement (PD) pumps market is projected to register a CAGR of 4.4% between 2017 and 2025 (forecast period). According to a report by Grand View Research Inc., flourishing desalination and water treatment industries are anticipated to provide a fillip to the market. Rapid urbanization and growing population are creating a deficiency in existing freshwater sources. In order to meet spiraling demands for freshwater, governments are likely to escalate processes such as wastewater treatment and desalination. Rising shale oil production in North America can augment the overall market.

Asia Pacific is anticipated to command a large share in the market throughout the forecast horizon. Increasing urbanization and infrastructural development are stirring up the demand for positive displacement pumps in the region. Some of the key players in the market are Grundfos Holding, Flowserve, KSB, ITT, and Sulzer.

In-Depth Research Report On PD Pumps Market:

Efforts to Reduce Vehicle Weight to Help Plastic Processing Machinery Manufacturers

17 September 2018: Plastics are used in the manufacturing of almost every tangible goods. They exhibit excellent properties such as aesthetic appeal, light-weight, durability, flexibility, energy-saving, low density, insulation, and high weathering. These advantages are widening the scope of applications of plastic processing machinery.

Plastic Processing Machinery Market to Reach US$43.7 bn by 2025

Injection Molding Machines to Remain Preferred Choice through 2025

On the basis of technique, plastic processing machinery can be classified into injection molding machine (IMM), blow molding machine (BMM), extrusion, and others. Injection molding machines are extensively used for processing plastic parts in massive volumes. Companies involved in plastic processing are preferring this technique due to its several advantages such as low production cost, low scrap rates, improved strength, and high efficiency. These benefits are further complemented by part reliability and brand consistency offered by IMM. These machines are widely used in the consumer goods, white goods, packaging, and automotive sectors.

Over the past few years, injection molding machines have undergone several technological innovations, which have paved way for several hybrid high-performance versions and multi-component applications. For instance, Allrounder 570A by Arburg GmbH + Co. KG includes Selogica, a freely programmable control system, to offer full integration of IMM, robotics, and peripherals such as rotary units. Therefore, technological advancements will contribute to the growth of the segment through 2025.

Market Insights

According to a report by Grand View Research Inc., the global plastic processing machinery market is projected to amount to USD 43.7 billion by 2025. Automotive original equipment manufacturers (OEMs) are increasingly adopting plastic components and parts to cut down the gross weight of vehicles and subsequently enhance the fuel efficiency and performance. This is providing a tremendous boost to the market. Besides this, implementation of conducive policies by governments in emerging economies, such as India and China, is promoting foreign direct investments, which in turn is likely to stoke the growth of the market.

Asia Pacific was at the forefront of growth in 2016 in terms of revenue. Easy availability of land and skilled labor at low cost is supplementing the growth of the region. Some of the prominent players in the global arena are Sumitomo Heavy Industries, Ltd., Husky Injection Molding Systems, Milacron Holdings Corporation, Persimmon Technologies Corporation, and The Japan Steel Works, Ltd.

In-Depth Research Report On Plastic Processing Machinery Market:

Sunday, 16 September 2018

UV Cured Glass Bonding Adhesives: Higher Efficiency, Higher Profits

17 September 2018: Adhesive bonding is used for binding two surfaces together creating a smooth bond. Adhesive bonding provides an advantage of the absence of electric voltage and relatively lower bonding temperature. There is a wide range of adhesives available on the market for glass to glass bonding and for bonding glass to various other substrates. These adhesives are used widely for glass bonding and there is an array of adhesive solutions for glass bonding including silicone, polyurethane, UV cured, acrylic, and several others. Various types of glass bonding adhesives include silicone, polyurethane (PU), UV cured, acrylic, and several others.

Glass Bonding Adhesives Market

UV Cured Adhesives Accounted for the Largest Revenue Share

The UV cured adhesives product segment registered for the major share of 40.3% in 2016 and is likely to grow further on account of high demand from the key applications such as medical devices, furniture, automotive and transportation, and electronics. UV cured adhesives are also used widely due to their high optical clarity and better resistance against yellowing, thermal shock and impact load. Moreover, these products offer low-stress points compared to other thermal and mechanical bonding methods while keeping the final product aesthetic features intact.

Companies in this field emphasize on novel product development for business expansion. For instance, DELO Industrie Klebstoffe GmbH & Co. KGaA recently launched a new light-curing acrylate adhesive product, called DELO PHOTOBOND GB4033, for applications in consumer electronics. The new product has excellent peel resistance against plastic and glass substrates and also exhibits excellent sealing properties against moistures, dust, and humidity.

The PU glass bonding adhesives segment had the second-largest revenue share followed by acrylic adhesives. Stringent rules and regulations regarding the usage of PU, as well as acrylic-based, products in the developed regions such as North America and Europe may have adverse effects on the segment expansion over the coming years. Other adhesives include modified silane, moisture curing adhesives, and polyisobutylene.

Market Overview

The glass bonding adhesives market is anticipated to reach USD 4.42 billion by 2025 growing at a CAGR of 7.2% from 2017 to 2025, predicts a report published by Grand View Research, Inc. A rise in demand for these adhesives from various end-use sectors such as automotive and transportation, construction, and furniture is expected to be the key factor driving the market development. Henkel AG & Co. KGaA; Master Bond Inc.; The 3M Company; The Dow Chemical Company; and DELO Industrie Klebstoffe GmbH & Co. KGaA are some of the prominent companies operating in the worldwide market for glass bonding adhesives.

In-Depth Research Report On Glass Bonding Adhesives Market:

Tuesday, 11 September 2018

Aviation Adhesives and Sealants: For Enhanced Safety

11 September 2018: Aerospace adhesives and sealants are used throughout an aircraft and in both aircraft manufacturing and maintenance including panels, pipes, etc. From the in-floor lighting to the overboard lockers, sealants and adhesives are used in the exterior, interior, as well as engine compartments of an airplane. Such adhesives and sealants must meet the most advanced technical specifications while being compliant with security and environmental criteria for safety purposes. These adhesives and sealants are used in commercial aviation, general aviation, as well as military aviation as offer a fatigue-resistant, lightweight, and aerodynamic way of assembly. The two major types of these products include water-based and solvent-based adhesives.

Aviation Adhesives & Sealants Market to Reach at $ 1.17 Bn. by 2025

Solvent-based Technology to Emerge as the Fastest-growing Segment

Water-based adhesives and sealants are expected to witness substantial demand in coming years on account of the abundant availability of raw materials required in the development of these adhesives. In addition, many consumers are shifting toward the water-based products as they have wide scope of applications in different sectors and are ideal for porous and non-porous substrates. On the other hand, the solvent-based product technology segment was valued at $ 226.1 million in the past and is likely to be fastest-growing segment in future. In terms of volume, the segment is expected to register a healthy growth rate of 11.0 % over the forecast period (from 2017 to 2025). This growth is attributed to escalating product demand from various developed and emerging countries.

Companies in this field manufacture various types of adhesives for different specifications and applicastions. For example, Chemique Adhesives and Sealants Ltd. recently introduced a range of adhesives; designed especially to be used in the airspace interiors. The new Aerotak adhesives feature water-based and solvent-based products to be used in the manufacturing of seat covers and cushions.

Market Overview

According to the findings of a report published by Grand View Research, Inc.; the global aviation adhesives and sealants market is anticipated to reach at USD 1.17 billion by 2025 growing at a CAGR of 6.2 % from 2017 to 2025. Technological advancements in the sector along with the rising demand for aircrafts are likely to be the key growth drivers for the market. Extensive research and development activities and incentive programs initiated by various government bodies are also likely to contribute toward the market development over the coming years. Bostik; Dow Corning; PPG Industries; and Henkel AG are the prominent market players.

In-Depth Research Report On Aviation Adhesives & Sealants Market:

Thursday, 6 September 2018

Biofertilizers Market is Projected to Reach USD 1.65 billion by 2022 : Grand View Research, Inc.

6 September 2018Global biofertilizers market is expected to reach USD 1.65 billion by 2022, according to a new study by Grand View Research, Inc. The industry is expected to witness significant gains over the next seven years owing to rising need for feasible eco-friendly solution for plant and soil growth.

Emergence as drop in replacements for chemical fertilizers on account of environment friendly properties and similar applications is expected to promote growth. Stringent regulations coupled with government initiatives supporting biofertilizers use is a primary reason for perpetuating growth over the past few years.

Biofertilizers Market

Favorable government support for use of eco-friendly products and increasing production output of organic foods is expected to augment market growth in North America and Europe over the forecast period.

Fluctuating chemical prices coupled with commercial response to growing food cost is expected to be one of the key drivers for the market over the next seven years. Growing need for high agricultural yield in order to meet increasing population needs has triggered products use on account of low environmental impact. 

In depth research report on Biofertilizers Market

Further key findings from the study suggest:

·       Phosphate solubilizing biofertilizers market is expected to grow at the fastest CAGR of 13.9% from 2015 to 2022. These include bacillus, pseudomonas and aspergillums bacteria which provide phosphorous macronutrients to plants. Soluble bacteria in the product impart superior characteristics and are the key reason for high growth expectation over the forecast period.

·       Soil treatment accounted for over 30.0% of global market revenue in 2014 and is expected to grow at a CAGR of 13.0% from 2015 to 2022. Rising awareness towards deployment of eco-friendly products for increasing crop yield is expected to augment product demand.

·       North America biofertilizers market was the largest in terms of revenue accounting for over 32.0% in 2014 on account of numerous manufacturers in the region. Positive agriculture industry outlook in the U.S. and Canada along with increasing awareness regarding the application of eco-friendly products in farming is expected to have favorable impact for biofertilizers market.

·       Some of the key biofertilizer manufacturers include CBF China Bio-fertilizer AG, Novozymes A/S, Antibiotice S.A, AgriLife, and Symborg S.L. In January 2011, CBF China Bio-fertilizer built a new production line in the Shandong plant with an additional capacity of 10,000 tons. Novozymes’ new enzyme technology is known to produce high yields of corn oil and ethanol along with energy savings during production.

Grand View Research has segmented the global biofertilizers market on the basis of product, application and region:

Biofertilizers Product Outlook (Revenue, USD Million, 2012 - 2022)

·       Nitrogen fixing

·       Phosphate solubilizing

·       Others

Biofertilizers Application Outlook (Revenue, USD Million, 2012 - 2022)

·       Seed Treatment

·       Soil Treatment

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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