Tuesday, 14 May 2019

Cool Roof Coatings Used to Prevent Structural Deformity

14-May-2019: The global cool roof coating market size is expected to reach USD 5.41 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.0% CAGR over the forecast period. Energy savings offered by these coatings, along with favorable regulations, are slated to drive the market.


Cool Roof Coatings Market


Use of cool roof coatings can prevent structural deformity caused by severe temperature fluctuations. It also lowers dependency of air conditioning by reducing heat built up in buildings, which in turn, reduces energy consumption.

Favorable regulations and government support in the form of tax benefits and financial incentives are expected to propel product demand. Increasing awareness regarding energy savings as well as environmental benefits offered by cool enamels will play a vital role in market expansion. However, limitations associated with long-term durability of such coatings owing to usage of titanium dioxide as a critical ingredient is projected to remain a key challenge for market players.

Advent of new polymers and resins with lower volatile organic compound (VOC) ratings are likely to contribute to product demand as an eco-friendly choice. Increasing efforts to reduce VOC limits in different geographies is expected to create ample opportunities for cool roof coatings as an alternative to meet stringent regulations.

Manufacturers are focused on development of new technologies to enhance UV resistance of these coatings. Introduction of microcells and nanotechnology for reducing heat flux and increasing energy conservation is projected to drive demand for cool roof coatings over the forecast period.

 In depth research report on Cool Roof Coatings Market

Further key findings from the report suggest:

·       The global cool roof coatings market demand is anticipated to reach 78.5 million liters by 2025, expanding at a CAGR of 7.4% from 2018 to 2025

·       By application, the slow-sloped segment dominated the global cool roof coatings market with a share of over 60.0% in 2017

·       North America is projected to exhibit a strong volume-based CAGR of 7.6% over the forecast period, on account of abundant availability of raw materials and rising consumer inclination toward green building initiatives

·       Asian countries such as China and India are projected to witness remarkable growth over the forecast period owing to rapid urbanization and increasing infrastructure spending

·       Some of the key companies in the industry are The Dow Chemical Company, KST Coatings, Valspar Corp., Sika Sarnafil, Nippon Paints, Monarch Industries, and Nutech Paints.

Grand View Research has segmented the global cool roof coatings market on the basis of product, application, end use, and region:

Cool Roof Coatings Product Outlook (Volume, Kilo Liters; Revenue, USD Million, 2014 - 2025)

·       Elastomeric/White

·       IR Reflective/Colored

Cool Roof Coatings Application Outlook (Volume, Kilo Liters; Revenue, USD Million, 2014 - 2025)

·       Slow-Sloped

·       Steep-Sloped

Cool Roof Coatings End-use Outlook (Volume, Kilo Liters; Revenue, USD Million, 2014 - 2025)

·       Residential

·       Commercial

·       Industrial

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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.
For more market analysis reports, please visit: http://www.grandviewresearch.com/

Mining Equipment Market Worth $284.93 Billion By 2025 | CAGR 11.7%

14-May-2019: The global mining equipment market size is anticipated to reach USD 284.93 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 11.7% over the forecast period. Introduction of new equipment based on automation technologies is expected to open new avenues for growth in the mining sector. High risk associated with mining operations has resulted in technological innovations in equipment manufacturing.

Mining Equipment Market

Companies including Rio Tinto and BHP Billiton have deployed a fleet of driverless trucks and drills with GPS technology at their mining sites. Additionally, OEMs such as Caterpillar Inc. and Komatsu Ltd. are retrofitting their existing fleet of trucks and drills with automation technology and are anticipated to introduce an additional line of products over the coming years. Key companies are digitizing their technical equipment to improve the mining operations productivity and safety.

For instance, Anglo American Plc, a U.K.-based miner, is using digital twins, a virtual model of a technical process, to optimize its haulage fleet to track exploration and drilling activities at its Los Bronces site in Chile. As the digital mine is inching towards practicality, the subsequent nature of work is anticipated to witness a significant change at both, the mining site and back office. This change can be attributed to the growing adoption of technologies, such as Robotic Process Automation (RPA) and Artificial Intelligence (AI).

These technological advances are projected to redesign the job roles of employees instead of eliminating jobs, thus allowing people to use technology while working. The mining equipment market is witnessing challenges in the exploration of metals and minerals due to depleting natural resources with the need for better production output. In these circumstances, equipment providers and mining companies have an added responsibility of improving production efficiency and reducing water and energy consumption per unit of production.

Despite the substantial contribution of the mining sector to the global economy, the industry’s growth remains somewhat skeptical in many countries due to the perception that the sector contributes to environmental damage. To rebuild this trust, key companies are taking efforts, such as complying with sustainability standards, complete environmental disclosure, and taking significant steps toward corporate social responsibility.

 In depth research report on Mining Equipment Market

Further key findings from the study suggest:

·       Underground mining equipment is expected to be the fastest-growing segment over the forecast period due to increased investments for the development of underground mines

·       Metal mining application is projected to witness the highest CAGR over the forecast period due to rising demand for base metals including silver, gold, and copper

·       Coal mining segment is expected to witness considerable growth owing to greater coal exploration activities in countries, such as India, Russia, U.S., and China

·       Some of the key companies in the mining equipment market include Caterpillar, Inc.; Komatsu Ltd.; and Sandvik AB

·       Introduction of an autonomous fleet of equipment and increasing number of M&A are the major growth strategies adopted by these companies

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

Mining Equipment Outlook (Revenue, USD Billion, 2014 - 2025)

·       Underground Mining Equipment

·       Low Profile Dump Trucks (LPDT)

·       Load Haul and Dump (LHD) Loaders

·       Surface Mining Equipment

·       Electric Shovels

·       Excavators

·       Dumpers

·       Others

·       Crushing, Pulverizing, & Screening Equipment

·       Drills & Breakers

·       Others

Mining Equipment Application Outlook (Revenue, USD Billion, 2014 - 2025)

·       Metal Mining

·       Non-Metal Mining

·       Coal Mining

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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.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Liquid Synthetic Rubber Market Hit USD 5.02 billion by 2025: Grand View Research, Inc.

14-May-2019: The global liquid synthetic rubber market size is expected to reach USD 5.02 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% during the forecast period. Growing demand for liquid isoprene, butadiene, and styrene butadiene rubber in tire manufacturing is expected to drive the growth in the forthcoming years.


Liquid Synthetic Rubber Market


High cost, low abrasion resistance, limited supply leading to price volatility of natural rubber has led to the increasing demand for synthetic rubber from application industries. In addition, these rubbers have inherent advantage in terms of physical properties, which is the primary factor driving the market.

Ascending demand for the product for adhesives, sealants, and coatings applications, on account of its excellent low-temperature profile, low Volatile Organic Compounds (VOC), and high electrical resistance is expected to complement market growth. In addition, rising demand for UV curable isoprene rubber as precision adhesive for electronics is expected to propel growth of the Liquid Synthetic Rubber (LSR) market.

The growing demand for products with low VOC concentration in polymer modifications and Ethylene Propylene Diene Monomer (EPDM) compounds to improve mechanical resistance and crosslink density is expected to increase product demand. Furthermore, increasing product penetration in polymer modifications to enhance functionality and durability is expected to drive the liquid synthetic rubber market.

Regulations pertaining to tire labeling compel tire manufacturers to label tires for key parameters, such as rolling resistance and wet grip. The European Union (EU) countries along with the U.S., China, and Japan, have implemented tire labeling regulations, which has a significant impact on the product manufacturing to improve the performance of the materials.

 In depth research report on Liquid Synthetic Rubber Market

Further key findings from the report suggest:

·       Butadiene accounted for 66.6% of the revenue share in 2017 on account of increasing penetration of the product in manufacturing sidewalls of truck and car tires as it aids in improving fatigue

·       Adhesives, sealants & coatings application accounted for 54.8% of the isoprene segment in terms of revenue in 2017 on account of their excellent low-temperature profile, low VOC, and high electrical resistance

·       Asia Pacific is expected to register a CAGR of 4.2% owing to the presence of major liquid synthetic rubber producers, availability of raw materials, low manufacturing cost, and increasing application scope

·       U.S. accounted for 83.24% of North America’s revenue share on account of the presence of robust tire manufacturing and retreading sector along with the recovery of the country’s automotive industry

·       The global liquid synthetic rubber market is niche and fragmented with very few manufacturers and service providers who compete on the basis of product quality improvement and capacity expansion.

Grand View Research has segmented the global liquid synthetic rubber market on the basis of product by application and region:

Liquid Isoprene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Adhesive

·       Sealants & coatings

·       Industrial Rubber components

·       Tire manufacturing

·       Others

Liquid Butadiene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Industrial rubber manufacturing

·       Polymer modification

·       Tire manufacturing

·       Others

Liquid Styrene Butadiene Rubber Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Tire manufacturing

·       Polymer modification

·       Adhesives

·       Others

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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.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Monday, 13 May 2019

Xylitol is Healthier Option than Sugar

14-May-2019: The global xylitol in personal care and cosmetics market size is expected to reach USD 48.8 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.0% over the forecast period. Increasing consumer awareness regarding the health benefits of xylitol in cosmetics and personal care products is likely to drive the market over the forecast period.

Xylitol in Personal Care and Cosmetics Market

Rapid urbanization has resulted in a shift in buying behavior of consumers; for instance, the rising popularity of sugar-free chewing gum. Sugar-free gum, infused with xylitol can prevent dry mouth and tooth decay and it can improve overall oral health. Increasing consumption of sugar-free chewing gums is projected to propel the product demand over the forecast period.

Xylitol has gained popularity as an alternative sweetener and is considered to be a healthier option than sugar. Thus, it is mostly used as a sugar substitute, which is expected to witness growth as it accounts for lesser calories compared to conventional sugar. Its antimicrobial properties are also known to benefit the skin and hair. Rise in consumer health awareness is anticipated to drive the demand for products containing xylitol, which in turn, is anticipated to propel market growth.

Availability of a large number of substitutes is projected to act as a major restraining factor for xylitol in personal care and cosmetics market in near future. Sorbitol, isomalt, and mannitol are some of the significant xylitol alternatives available in the market. The choice of a substitute primarily depends on consumer acceptance, product cost, and end-use.

The market is reasonably consolidated with leading participants accounting for 40% of the total market share. Key companies focus on innovation and introduction of natural products keeping the changing demand pattern in mind.

 In depth research report on Xylitol in Personal Care and Cosmetics Market

Further key findings from the report suggest:

·       Global demand for xylitol in personal care and cosmetics market is anticipated to reach over 9,000 tons by 2025

·       In terms of revenue, oral care segment is projected to ascend at the highest CAGR of over the forecast period

·       Asia Pacific is anticipated to witness higher demand for the product over the forecast period owing to rapid urbanization, changing lifestyle, and consumer health consciousness

·       Some of the major market participants are Roquette Freres SA; Croda International Plc; Xlear, Inc.; DuPont Nutrition and Health; Berner OY; and Chemyunion.

Grand View Research has segmented the global xylitol in personal care and cosmetics market on the basis of application and region:

Xylitol in Personal Care and Cosmetics Application Outlook (Volume, Tons; Revenue, USD Thousands, 2014 - 2025)

·       Skin

·       Hair

·       Oral

·       Toothpaste

·       Mouth Wash

·       Others

·       Others

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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.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Tuesday, 23 April 2019

Catalyst Market Size is Expected to Reach USD 34.06 Billion by 2025: Grand View Research, Inc.

24-April-2019: The global catalyst market size is expected to reach USD 34.06 billion by 2025, ascending at a CAGR of 4.5%, according to a report by Grand View Research, Inc. Rising demand for petrochemicals from various end-use industries is expected to be a prime factor driving the market growth. Inclusion of high-grade polymers in manufacturing commodities for domestic as well as export oriented industry is anticipated to surge the product demand in future.

Catalyst Market


Moreover, demand for clean and green fuels has shifted the trend of energy generation from conventional to clean resources. Cobalt, iron, and nickel catalysts are the key components used for clean energy generation processes, such as the Fischer-Tropsch synthesis. Rapidly expanding polymer and chemical manufacturing sectors is also anticipated to play an important role in the growth of the catalysts market. In addition, supportive regulations regarding the production and usage of catalysts are expected to augment market growth over the next eight years.

Emission regulations are the biggest drivers for a wide range of application sectors and the usage of catalysts for environmental and chemical applications are anticipated to have the highest market growth. Heterogeneous product segment led the market on account of wide product usage in the polymer industry. It is also used in the form of vanadium oxide for the production of sulfuric acid, which is growing on account of increasing demand of this acid in oil refining, wastewater processing, and chemical synthesis. This is also expected to fuel the demand for heterogeneous catalyst in the near future.

 In depth research report on Catalyst Market

Further key findings from the study suggest:

·       Environmental was the largest application segment in the catalyst market and accounted for 29.6% of the overall volume share in 2016

·       In terms of raw materials chemical compounds segment is expected to attain the highest market share over the forecast period

·       The petroleum refining application segment is expected to register a CAGR of 3.4% over the forecast period

·       This application includes the use of catalyst in cracking of feedstock components that increase the yield of high-quality products

·       MEA is expected to be the second fastest-growing regional market during the forecast years

·       Key industry participants include BASF SE; Akzo Nobel N.V.; Clariant International Ltd.; Zeolyst International, Inc.; and Chevron Corporation

·       Key competitive strategies adopted by these companies include capacity expansion, geographical expansion, technology licensing, and mergers & acquisitions

·       For instance, recently, BASF started a new chemical catalysts manufacturing plant in Caojing, China to cater to growing demand in Asia Pacific

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

Catalyst Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Zeolite

·       Metal

·       Base Metals

·       Precious metals

·       Chemical Compounds

·       Peroxide

·       Acid

·       Amines & Others

·       Others

Catalyst Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Heterogeneous

·       Homogeneous

Catalyst Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Petroleum Refining

·       FCC

·       Alkylation

·       Hydrotreating

·       Hydrocracking

·       Catalytic Reforming

·       Others

·       Chemical Synthesis

·       Polyolefins

·       Adsorbents

·       Chemical catalysts

·       Others

·       Polymer & Petrochemicals

·       Ziegler-Natta

·       Reaction Initiator

·       Urethane

·       Chromium

·       Single-site

·       Others

·       Environmental

·       Light Duty Vehicles

·       Heavy Duty Vehicles

·       Motorcycles

·       Others

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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.

For more market analysis reports, please visit: http://www.grandviewresearch.com/