Chemical & Material Market: March 2015

Tuesday 31 March 2015

Azoxystrobin Market - Global Industry Analysis, Size, Share, Trends And Forecast 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Azoxystrobin Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Fungicides are biocidal chemical compounds which are primarily used to inhibit the growthof fungi. Fungicides are one of the major chemicals used in agriculture to counter the fungal infections. Fungicides can be majorly classified in three classes based on the mode of action as contact, systemic and translaminar fungicides. Azoxystrobin belongs to the class of systemic fungicides as it is taken up through the xylem vessels. Azoxystrobin is typically used in fruits and vegetables for preventing the fungal infection. The growth in agriculture industry across the globe is anticipated to drive the market for azoxystrobin in the next six years. The demand for azoxystrobin and in general fungicide is expected to remain moderate in developed regions owing to the several restrictions imposed on the fungicides. On the other hand, developing economies across Asia Pacific region such as India and China are expected to have rising demand for fungicides in the next few years.

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Azoxystrobin belongs to the chemical family of Strobilurins. They are based on naturally occurring anti-fungal compounds. Azoxystrobin is one of the most recognized fungicides as it has a broad spectrum of anti-fungal properties against diseases including oomycota (infecting grapes), deuteromycota (infecting rice) and ascomycota (affecting numerous field crops and vegetables).

Azoxystrobin is typically sold in the water formulation or as a suspension concentrate in numerous concentrations. Azoxystrobin in general applied as a foliar spray as azoxystrobin has an extensive residual effect. Azoxystrobin acts as a systemic fungicide and has a curative, translaminar and preventative mode of action. The effective mode of action of azoxystrobin makes it essential fungicide in field crops, grapes and banana. Moreover, the toxicity level of azoxystrobin being moderate for mammals, bees, insects, birds and earthworms as azoxystrobin is easily broken in sub-components once applied through soil. Azoxystrobin is widely used in farming, particularly in wheat farming as it provides strong protection to wheat crops against several types of diseases such as wheat septoria, septoria leaf spot, wheat leaf rust, rye leaf rust and powdery mildew. The wide range of fungicidal properties of azoxystrobin is expected to act as a major driver for azoxystrobin market in agriculture industry in the next six years. However, the aquatic toxicity of azoxystrobin is considerably high, posing a great threat to aquatic animals. This factor is anticipated to act as a potential restraint to azoxystrobin market in the next few years.

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The developing economies across Asia Pacific region are anticipated to be the fastest growing market for azoxystrobin in the next few years. The main reason for this is the rising demand for fungicides to control the growth of fungi and related problems associated with spread of infection through it. Moreover, the demand for azoxystrobin is expected to remain high in the countries such as China and India due to growing need for better yield for fulfilling the increasing food demand from the constantly escalating population. In addition to developing nations, developed economies are concentrating on attaining highest agriculture output from the available cultivable land. Presently, azoxystrobin is approved for use on a wide variety of crops in the UK, including barley, asparagus, broccoli, onions, carrots, cauliflowers, cabbages, potatoes, rye, triticale, vining peas and wheat. Additionally as azoxystrobin is effective against numerous classes of fungi, makes azoxystrobin an economical solution for treatment of various types of fungi. All these factors are creating a positive prospect for the global fungicide industry in general. This reason is expected to have a positive impact on azoxystrobin market thus, boosting the demand for azoxystrobin fungicide across the globe. Some of the major manufacturers of azoxystrobin fungicide are Syngenta and Cheminova, Inc. USA.

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Bifenazate Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Bifenazate Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Bifenazate is a white coloured, and less toxicacaricide . Extensively used as a pesticide, bifenazate has a quick knockdown effect on controlling the growth of mites on crops and other flowering plants. Some of the trade names for bifenazate used in the market are Floramite, Acramite, Enviromite, Pestanal and Vigilant among others.. These names are given on the basis of its end-users and the companies that manufacture it. Bifenazate is industrially prepared using the raw materials such as 4- phenylphenol, diisopropyl azodicarboxylate and dimethyl sulphate.. Due to low toxicity, bifenazate is one of the extensively used miticides. Bifenazate is least expected to contaminate the soil and surface waters, as it is neither carried away nor accumulated. , i. Bifenazate is also attuned with the Integrated Pest Mangement (IPM) program. The global demand for bifenazate market is estimated to show a slow transformation in Asia Pacific and Latin America regions by the end of the forecasted period.

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The global issues related to pesticide usage and environmental concerns can be considered as the key driving factors shifting the demand towards bifenazate.. Extensive use of pesticides has resulted in adverse effects on non-targeted areas, as they are generally spread over the entire agricultural area. Moreover, pesticides also get accumulated as residuals in running ground waters, thus decreasing the soil fertility. These effects have led many countries to ban pesticides. Likewise, heavy regulations have been imposed so as to reduce the overall pesticide usage. Bifenazate is opted as an alternative, since it is considered as a reduced risk pesticide. It possesses minimal toxicity to human health, birds, aquatic animals and non-targeted areas. Bifenazate shows faster degradation in soil coupled with rapid knockdown of mites. Moreover, bifenazate exhibits long residual control thus gets less accumulated in surface waters compared to other pesticides. Less of amount of bifenazate is required annually, thus keeping the product yield unaffected. These factors make bifenazate a compatible and safe acracide. Bifenazate Floramite has an impact on wide range of mites. It is used to treat ornamental crops and tomatoes cultured in greenhouses, shadehouses, and nurseries. Bifenazate Acramite is another important type, which is suitable for both fruit bearing and non-fruit bearing plants. Acramite is used on grapes, strawberries, edible gourd, dates and figs. Both, Floramite and Acramite are an ideal match for IPM program as well as resistance management strategy..

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With reference to the global demand, the developing countries, especially in Asia Pacific and Latin America region are estimated to show potential markets by 2020. A change in pesticide consumption practices and better crop yields have been observed lately in India, China and Brazil, owing to increased consumer awareness and cost effective approach. But, as of now, the overall growth is slower, since these regions are dependent on North America and Europe exporting markets. Europe has shown a stagnant growth in the pesticide sector because of heavy regulations and prohibitions on the pesticide usage. A little growth in importing markets, but an almost flat demand in terms of export is indicated over the coming years. Currently, the U.S. has flourished bifenazate import markets. It is slated to become the largest bifenazate Floramite exporter by 2020. The Middle East region will possibly grow at the slowest pace as compared to Asia Pacifc region.

Some of the key players include Chemtura Corporation, The Dow Chemical Company, Olympic Horticultural Products, Inc., Certis USA L.L.C. and BASF Corporation.

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Monday 30 March 2015

Chlorinated Paraffin Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Chlorinated Paraffin Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Chlorinated paraffin or polychlorinated n-alkanes are the organic compounds with chlorine content from 30 to 70% by mass. Chlorinated paraffin are manufactured by chlorination of paraffin wax or n-paraffin in batch process. This is exothermic reaction with hydrochloric acid as a by-product. A stabilizer is added to the batch after removal of traces of acid to form finished product. Chlorinated paraffin are divided into three class: Short chain (C10-C13), Mid chain (C14-C17) and Long chain (C17-C30+). Mid chain chlorinated paraffin dominates the global market while long chain compounds are the second commonly used chlorinated paraffin. Chlorinated paraffin are mostly inert and insoluble in water. Most of the chlorinated paraffin are liquid and range from low to high viscosity. Chlorinated paraffin, which contains about 70-72% of chlorine by mass are solid and have longer chain lengths. These solid chlorinated paraffin are made from wax feedstock. Chlorinated paraffin can be mixed with organic solvents such as ketones, esters and aromatic hydrocarbons.

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The market for chlorinated paraffin was mainly driven by lubricating additives and plastic industry. Chlorinated paraffin is used as an fire retardant chemical additive in industrial lubricants like gear oil. It is also used in formulation of metal working lubricants. Chlorinated paraffin are effective pressure additives for lubricants used in engineering and machining operations such as drilling and cutting machines, drawing and stamping. Chlorinated paraffin is largely used plasticizer in polyvinyl chloride. Moreover, it is also used as a plasticizer in paints, adhesive and sealants. Chlorinated paraffin adds flame retardant properties to wide range of rubber and polymer products. Chlorinated paraffin are used in industrial cutting fluids specifically used in manufacturing of automobile and automobile parts. Chlorinated paraffin also finds applications in various end-user industries such as paints & coatings, rubber (neoprene), adhesives & sealants, textile, leather and polymeric among other. In leather industry, it is used as leather treatment chemical while in textile industry as a treatment chemical and rexine cloth. In spite of wind range of applications for chlorinated paraffin, the demand is expected to hinder over the forecast period owing to stringent environmental regulations associated with raw materials.

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In terms of demand, Asia Pacific was the leading region in terms of demand for chlorinated paraffin market in 2013. Asia Pacific is also anticipated to be the fastest growing markets for chlorinated paraffin owing to huge demand from lubricant additives and paints & coatings industry. Growing construction and manufacturing activities in China, India and South Korea is expected to drive the demand for chlorinated paraffin over the forecast period. Asia Pacific was followed by North America. Adhesives & sealants and metal cutting lubricant additives are expected to drive the demand in this region. U.S. had the largest demand for chlorinated paraffin in this region. The demand is the U.S high due increasing engineering and machine operations coupled with paints & coatings industry. Europe had the third-largest market share in chlorinated paraffin market in 2013. Western European countries were the largest consumers of chlorinated paraffin in this region. Central Europe and Russia is expected to show better opportunities for the chlorinated paraffin market over next few years. Rest of the World market had the smallest market share for chlorinated paraffin in past few years. However, the scenario is expected to change owing to rise in demand from Brazil and the Middle East region.
Some of the key manufacturers in the chlorinated paraffin market are Aditya Birla Chemicals, INEOS Chlorovinyls, Altair Chimica SpA and LEUNA-Tenside GmbH among others.

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Wednesday 25 March 2015

Aluminum Chloride Hexahydrate Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Aluminum Chloride Hexahydrate Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Aluminum chloride hexahydrate is soluble in wide range of solvents including water, ethanol, propylene glycol, chloroform and ether. Aluminum chloride hexahydrate exhibits good electrical conduction, non-flammability and low melting & boiling points. Aqueous solution of aluminum chloride is acidic in nature. Aluminum chloride hexahydrate is manufactured by dissolution of aluminum oxide in hydrochloric acid. Pharmaceutical and metal processing industries are the major consumers of aluminum chloride hexahydrate. Aluminum chloride hexahydrate is used for industrial production of aluminum metal, as a catalyst in chemical synthesis. Moreover, aluminum chloride hexahydrate is nowadays being applied in water treatment areas as well.

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Hyperhidrosis is one the most common dermatological condition that has a severe impact on the quality of life of affected patients. Hyperhidrosis is excessive sweating or sweating beyond physiological needs. Aluminum chloride hexahydrate is considered first-line therapy for patients with mild-to-moderate hyperhidrosis. Research studies highlighted aluminum chloride hexahydrate as a carcinogen, causing breast cancer. However the theories have not been validated with enough proof hence aluminum chloride hexahydrate remains to be the most popularly used antiperspirant. Despite being the most chosen antiperspirant, aluminum chloride hexahydrate faces tough competition from other treatment options, which include iontophoresis, botulinum toxin A, oral anticholinergics, local resection of sweat glands and endoscopic sympathectomy. Tropical aluminum chloride hexahydrate is a mixture of 15% aluminum chloride hexahydrate and 2% salicylic acid. Tropica aluminium chloride is the modified version of the product with increased effectiveness and minimum side effects.
The market for Aluminum chloride hexahydrate is growing substantially owing to the fast growing pharmaceutical and consumer goods market. Global pharmaceutical industry, the major end user of Aluminum chloride hexahydrate, is worth more than USD 900 Bn. Asia Pacific accounts for the largest and the fastest growing market for Aluminum chloride hexahydrate. The increasing manufacturing activity in Asia Pacific is driving the consumer goods market. Emerging countries in Asia Pacific are the largest consumer of Aluminum chloride hexahydrate. The pharmaceutical industry in China and India is developing steadily due to which these two countries are the largest exporters of Aluminum chloride hexahydrate. Growing food processing industry in South Asian countries such as Indonesia, Myanmar and Taiwan is driving the demand for Aluminum chloride hexahydrate. North America accounts for the second largest market for Aluminum chloride hexahydrate because of the well organized pharmaceutical market and presence of international drug manufacturers such as Pfizer and Johnson & Johnsons. U.S. is the largest market for Aluminum chloride hexahydrate in the world. Despite the economic slowdown in Europe the demand for Aluminum chloride hexahydrate is increasing.

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The enhancing demand for Aluminum chloride hexahydrate in Europe is primarily because of the presence of pharmaceutical product manufacturing nations such as Belgium, Germany, and Italy. Moreover the increase in the consumption of fast food is increasing the calcium deficiency among people which in turn is driving the Global demand for calcium supplements such as Aluminum chloride hexahydrate. The demand for Aluminum chloride hexahydrate is considerable slow in Rest of the World due to the absence of pharmaceutical product manufactures. However the demand for this product is anticipated to increase owing to the development of perfumes market in the Latin American and Middle Eastern Countries.

Some of the major manufacturers of aluminum chloride hexahydrate include IRO Group, Inc., Honeywell International, Inc., Stiefel Laboratories, Inc., Tianjin Flourish Chemical Co. Ltd., and Wuxi Lansen Chemicals Co, Ltd

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Barium Nitrate Market - Global Industry Analysis, Size, Share, Trends And Forecast 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Barium Nitrate Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Barium nitrate is a salt composed of barium and nitrate ion. Chemical formula of Barium nitrate is Ba(NO3)2. Barium nitrate exists as white crystals at room temperature. Barium nitrate is odorless. Barium nitrate is soluble in water and slightly soluble in ethanol and acetone. Barium nitrate can occur naturally as nitrobarite. Barium nitrate can be manufactured synthetically by two processes. In the first process, heated solution of sodium nitrate is combined with barium chloride, which results in separation of barium nitrate crystals from the mixture. The second process requires dissolving small lumps of barium carbonate in nitric acid, letting iron impurities to precipitate, then filter, evaporate, and crystallize. Barium nitrate can be toxic to human beings if came into contact either by inhalation or ingestion. Barium nitrate when comes into contact can cause skin irritation, eye irritation, gastroenteritis, muscle spasm, slow pulse, and respiratory system irritation. The type and severity of symptoms varies depending on the amount of barium nitrate involved and the nature of the exposure.

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Barium nitrate is most commonly used as an oxidizer to make green fireworks. Barium nitrate plays a vital role in manufacturing of various explosives used in the defense industry. Baratol which is typically used as explosive, consist of barium nitrate along with TNT and binder. Flash powder, a highly explosive product is produced by mixing barium nitrate with aluminum powder. Barium nitrate is mixed with thermite to form Thermate-TH3, which is important component of military thermite grenades. Barium nitrate also plays a vital role in the manufacturing process of barium oxide. Barium nitrate is used as a plaining agent in the manufacture of special glasses and optical glasses in place of the combination of alkali metal nitrate and arsenic. Barium nitrate is used to manufacture compounds like barium chloride and barium hydroxide.
Increase in the number of application of barium nitrate in the explosive industry is major driver for the growth of barium nitrate market. Barium nitrate is soluble in water and can be found in lakes, rivers, and streams. Because of its water-solubility barium nitrate can be spread over great distances. Fish and other aquatic organisms can absorb this barium nitrate which gets accumulated in their bodies and eventually enter food chain. Thus, barium nitrate can be harmful to environment and other living organisms. This can act as a restraining factor for the growth of barium nitrate market.

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Countries such as U.S., China, Russia, Japan, and India invest heavily in defense sector of their country. Eventually the consumption of barium nitrate, which is widely preferred in the production of various explosives, is higher in these countries. Asia Pacific is projected to be the fastest growing market for barium nitrate in the next six years. The main reason for this is the growing demand for barium nitrate market from countries such as China, India and Japan. The Asia Pacific market is expected to be followed closely by North America and European market. The global barium nitrate market is predicted to grow at a double digit CAGR from 2014 to 2020.

Some of the major companies operating in the global barium nitrate market are Solvay S. A., Degussa AG, Barium Chemicals Co. Ltd., Sakai Chemical Industry Co. Ltd., San Yuan Chemical Co. Ltd., Sigma Aldrich Corporation, Angene International Limited, and Hummel Corporation.

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Tuesday 24 March 2015

Sodium Carboxymethyl Cellulose Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

Sodium Carboxymethyl cellulose is an additive for improving product and processing characteristics in various fields, including pharmaceuticals and food. Carboxymethyl cellulose is often used as its sodium salt, sodium carboxymethyl cellulose. Sodium carboxymethyl cellulose is used as a viscosity modifier or thickener, and to stabilize emulsions in various products including consumer goods. Carboxymethyl cellulose is known for its excellent water retaining capacity. Sodium carboxymethyl cellulose forms films that are resistant to oils, greases, and organic solvents. Sodium carboxymethyl cellulose is synthesized by the reaction of chloroacetic acid with cellulose.

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The polar carboxyl groups render the cellulose soluble and chemically reactive. Carboxymethyl cellulose is also a constituent of many non-food products, such as toothpaste, personal lubricants, laxatives, diet pills, waterbased paints, detergents and various paper products. Carboxymethyl cellulose is used primarily because it is nontoxic, has high viscosity and is not allergic to humans as the major source fiber is either softwood pulp or cotton linter. Cellulose ethers, such as sodium carboxymethyl cellulose are long-chain polymers. Their solution characteristics depend on the average chain length or degree of polymerization as well as the degree of substitution. Carboxymethyl cellulose is primarily used in pharmaceutical, food, ceramics, textiles, coatings, cosmetics and consumer industry.

The growth in end user industries is expected to increase the consumption of sodium carboxymethyl cellulose. The increase in consumption of consumer products in emerging economies of Asia Pacific and Latin America is expected to boost demand for sodium carboxymethyl cellulose. However, environmental regulations and availability of substitutes could hamper the growth of this market.

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Asia Pacific is expected to be the largest consumer of sodium caboxymethyl cellulose followed by North America and Europe. India and China are expected to be major consumers of sodium carboxymethyl cellulose in Asia Pacific. In Asia Pacific, end-users such as personal care, food and beverages and paper process exhibit high demand for sodium carboxymethyl cellulose. Vietnam, Malaysia, Singapore and Republic of Korea are expected to be other major consumers of sodium carboxymethyl cellulose in Asia Pacific. The U.S. is the largest consumer of sodium caboxymethyl cellulose in North America. Latin America is also expected to experience moderate to high growth rate due to increasing consumption from emerging economies. Brazil and Argentina are expected to be major consumers of sodium caboxymethyl cellulose in Latin America.

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Dipropylene Glycol Market - Global Industry Analysis, Size, Share, Trends And Forecast 2014 - 2020

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Dipropylene glycol is typically a colorless, odorless liquid which possesses moderate viscosity. Dipropylene glycol has low volatility and is totally soluble in water. Dipropylene glycol is hygroscopic i.e. it attracts water from atmosphere. A distinctive feature of dipropylene glycol as compared to other types of glycols is its wider range of solvency. Particularly, the ability of dipropylene glycol to solubilize oil such as castor oil makes dipropylene glycol highly useful for a wide range of applications. The two main grades of dipropylene glycol include regular grade and a high purity grade having low odor. The typical applications of regular grade dipropylene glycol include urethanes and paints and coatings while the major applications of high purity grade of dipropylene glycol include cosmetics, fragrance and personal care. The growing demand for dipropylene glycol from all such applications is expected to drive the global dipropylene glycol market in the next few years.

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The regular grade dipropylene glycol is mainly used as a reactive intermediate in the production of polyurethanes, high-performance unsaturated polyester resins and plasticizers. The regular grade dipropylene glycol peculiarly has high solvency, low toxicity, low evaporation rate, low odor and high viscosity, ultimately making it a widely preferred chemical intermediate in a variety of applications. The major applications of regular grade dipropylene glycol include high-volume plasticizer, as a reactant in unsaturated polyurethane resins, addition of hydrolytic stability and flexibility, as an initiator in urethane polyols and as a polyol in certain rigid polyurethane systems, as reactive diluents in radiation cured resins and coatings, for cutting viscosity and allowing easier application. The other uses of regular grade dipropylene glycol mainly comprise hydraulic brake fluids, textile lubricants, cutting oils, printing inks, industrial soaps, coatings and solvents for chemicals used in agricultural applications such as insecticides.

The high-purity grade dipropylene glycol is specifically designed for odor-sensitive applications including fragrances and cosmetics. The high-purity grade dipropylene glycol is mainly a distilled product which has purity more than 99.5% as dipropylene glycol and is a liquid which is colorless, odorless, hygroscopic and water-soluble. The high-purity grade dipropylene glycol offers exceptional co-solvency for oils, water and hydrocarbons, has low skin irritation potential and minimal odor and possesses low toxicity with consistent isomer distribution. All these properties make high-purity grade dipropylene glycol an ideal choice in applications such as skin care products including lotions, creams and sun-care products, perfumes and colognes, deodorants or antiperspirants including roll-on and stick deodorants, shower and bath products, hair care products including conditioners, shampoos, coloring and styling products and shaving products including foams, creams, gels and after-shave lotions.

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The developing economies in Asia Pacific region are expected to be the fastest growing market for dipropylene glycol in the next few years primarily due to growing demand for dipropylene glycol used in plasticizers and in polyurethane resins. Additionally, the demand for dipropylene glycol for textile lubricants is further anticipated to aggravate in India and China considering their extensive growth in textile chemical industry. Moreover, the considerable growth in industrialization in these countries thereby increases demand for dipropylene glycol in printing inks, automotive industry and several other end-user industries. In addition to this, the developed regions across the U.S. and European countries are progressively recovering from the sluggish economic conditions and further boosting the global demand for dipropylene glycol. Considering this outlook, the demand for dipropylene glycol application products is expected to record an outstanding growth in the next few years.
Some of the major companies functioning in dipropylene glycol are Shell Global, LyondellBasell, The Dow Chemical Company, Huntsman Corporation, Dupont Tate & Lyle Bio Products LLC, Manali Petrochemicals Limited.

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P-Chloro Benzo Trifluoride Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "P-Chloro Benzo Trifluoride Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

P-chloro benzo trifluoride also known as parachlorobenzotrifluoride is primarily an organic chemical compound and is abbreviated as PCBTF. The organic compound exists as a colorless liquid and has a distinct sweet odor. P- chloro benzo trifluoride is globally distributed under various brand names including SMC Spec 900 and Oxsol among others.

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P-chloro benzo trifluoride has a wide range of applications, which include ink solvent in the printing industry and as a component of low VOC compliant polyurethane type finishes. In addition, the organic compound is used largely in the paint and coating industry. P- chloro benzo trifluoride is employed as an additive in acrylic coatings. Furthermore, p- chloro benzo trifluoride is used as substitute for xylene in thinners, aromatic hydrocarbon blends and in cleaners. However, the organic compound if inhaled targets the central nervous system, liver and kidneys. Hence, precautions must be taken while handling the compound.

The key driver for the p- chloro benzo trifluoride market is its use as an additive in acrylic coatings. Acrylic coatings are mostly used on building structures. Its use is not restricted only to the exterior of buildings but can also be applied to the interior of a building structure or house. These coatings can be applied over steel, wood, aluminum, concrete, masonry, aluminum, zinc rich primers, buildings, equipment, piping among others. Acrylic coatings are preferred coatings for external home structures especially during the wet season as they are water resistant; hence, the demand is bound to increase. These coatings are known to be thermoplastic and thermosetting and hence can be applied on organic solvent borne, waterborne powder or radiation- curable formulations. Furthermore, acrylic coatings are used in three main categories of the paint and coating market, which include architectural coatings, product finishes for original equipment manufacturer and special-purpose coatings. Acrylic coatings are one of the few leading finishes that are available in the market today that do not cause any harm to walls and hence they have surpassed alkyd finishes.

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Since these coatings provide good finishing to structures they are very famous in the architectural field, which require intricate finishes and will not add in the ruining of the structure. Hence, the growth in the acrylic coatings market is anticipated to boost the market for p- chloro benzo trifluoride over the forecast period. The growth in the acrylic coatings market can be attributed to the growing infrastructural projects taken up by various regions. The acrylic market is rising due to consumer confidence and its affordability. The acrylic coating market is expected to be the fastest growing sectors in the coating industry owing to its excellent color retention when exposed to outdoor wet conditions and due to its inertness. This is anticipated to boost the acrylic coatings market, which will consequently boost the market for p- chloro benzo trifluoride over the next few years.

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Sunday 15 March 2015

Global Carbon Fiber Market is Expected to Reach USD 3.73 Billion by 2020

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Carbon Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Transparency Market Research has released a new market report titled “Carbon Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” According to the report, the global carbon fiber market was valued at USD 1.94 billion in 2013 and is projected to reach USD 3.73 billion by 2020, expanding at a CAGR of 9.9% from 2014 to 2020. Global demand in the carbon fiber market stood at 52.6 kilo tons in 2013.

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Carbon fibers are fibers manufactured from carbon. These are used in the production of lightweight and durable components in several industrial applications. Polyacrylonitrile (PAN) based carbon fiber is the most extensively used carbon fiber due to its excellent structural properties. Therefore, it was the largest product segment of the global carbon fiber market, accounting for more than 85% of the global market volume in 2013. A wide range of components produced from carbon fibers and their composites are employed in different end-user industries such as wind energy, automotive, aerospace and defense, sports, construction, marine and others. Owing to rising demand for environment-friendly energy sources, wind energy was the largest end-user segment of the global carbon fiber market, accounting for more than 24% of the total market volume in 2013.

Others product segment that comprises different types of carbon fibers, such as rayon-based fibers, is projected to be the fastest growing segment of the global carbon fibers market in the next few years. Increasing demand for these types of carbon fibers can be primarily attributed to their lower price as compared to PAN-based and pitch-based carbon fibers. Additionally, the automotive segment is estimated to be the fastest growing end-user segment of the global carbon fibers market in the next few years. Rising demand for lightweight and durable components from the automotive industry is expected to drive the demand for carbon fiber in the automotive end-user segment.

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Europe dominated the global carbon fiber market, accounting for more than 37% of the total market volume in 2013. Increasing demand for carbon fiber and its composites in the end-user industries such as wind energy, aerospace and defense and automotive is projected to drive the carbon fiber market in Europe in the next six years. Asia Pacific is expected to be the fastest growing regional market in the carbon fiber market in the near future. Increasing demand for carbon fiber from rapidly developing countries in Asia, such as China and India, is expected to drive the carbon fiber market in Asia Pacific in the near future. Furthermore, factors such as the steady recovery of the U.S. economy and rising demand from the RoW region are predicted to have a positive impact on the global carbon fiber market in the near future. Key players operating in the carbon fiber include Toray Industries, Teijin Ltd, Hexcel Corporation, Cytec Industries and Mitsubishi Rayon Co., Ltd.

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How Clear Brine Fluids Market forecast aren't as bad as you think

Clear Brine Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
According to a new report published by Transparency Market Research “Clear Brine Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” the global clear brine fluids market was valued at USD 932.4 million in 2013 and is expected to reach USD 1,972.6 million in 2020, growing at a CAGR of 11.4% between 2014 and 2020. In terms of volume, the global demand for clear brine fluids was estimated at 1,012.4 kilo tons in 2013.

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Rising number of global drilling activities is expected to be one of the major factors boosting the demand for drilling and completion fluids such as clear brine fluids. The demand for clear brine fluids is directly proportional to the number of drilling activities in the oil & gas industry. Additionally, increasing demand for conventional and non-conventional natural resources globally is estimated to lead to a higher number of drilling activities. This, in turn, is likely to drive the market for clear brine fluids during the forecast period. However, fluctuation in the prices of raw materials such as potassium chloride is expected to hamper the growth of the market. Increasing exploration of shale gas, CBM and other unconventional resources is anticipated to boost demand for drilling activities. This is likely to provide new opportunities for the growth of the clear brine fluids market.

Potassium chloride clear brine fluids recorded the highest demand for clear brine fluids, accounting for over 24% of the market share in 2013. Additionally, it is anticipated to be the fastest growing product segment over the forecast period. Potassium chloride serves as an economical source of potassium for inhibitive water-based completion and drilling fluids. Demand for other brine fluids has also been high due to their wide consumption in the formulation of fluid systems for controlling formation pressures. Clear brine fluids such as calcium chloride are widely used in the oil & gas industry, wherein the inhibitive properties of calcium fluid are required to prevent the hydration and migration of swelling clays.

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Demand for clear brine fluids was significantly high in North America, which accounted for over 65% of the global demand in 2013. North America, including the U.S. Gulf of Mexico, had approximately 1,783 trillion cubic feet of technical recoverable shale gas by the end of 2012. This huge reserve is expected to promote its extraction, thereby promoting the use of drilling and completion fluids such as clear brine fluids over the next few years. Asia Pacific was the second largest segment in the clear brine fluids market in 2013. It is expected to be the fastest growing segment during the forecast period, with China becoming one of the most attractive markets for investments for various global Energy & Production (E&P) companies.

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Where Bitumen Market is Headed in the Next Five Years

Global Bitumen Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Transparency Market Research has published a new market report titled “Bitumen Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. According to the report, the bitumen market was valued at USD 71.44 billion in 2013 and is likely to reach USD 93.38 billion by 2020, expanding at a CAGR of 3.9% during the forecast period from 2014 to 2020. In terms of volume, the global demand for bitumen stood at 108,348.9 kilo tons in 2013.

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Over 80% of bitumen produced each year is used in the construction of roads. Increase in road construction activities, particularly in emerging economies such as China, Brazil and India, is expected to be one of the key factors driving the growth of the bitumen market over the next few years. Rising demand for bitumen in roofing applications, development of polymer modified bitumen (PMB) and its growing usage in applications besides road construction are other vital factors expected to boost the bitumen market during the forecast period. However, environmental issues associated with the extraction, refinement and usage of bitumen are expected to hamper market growth. Furthermore, increasing use of concrete as a substitute to bitumen for construction of roads is expected to adversely affect the growth of the market. Nonetheless, development of bio-based bitumen is expected to offer new opportunities for the growth of the market in the near future, as bio-bitumen is anticipated to comply with regulations regarding reduced emissions, low heating temperatures and use of biomass.

Paving bitumen is used for construction of road and related activities. Roadways was the largest application segment of the bitumen market, accounting for over 80% in 2013, while paving bitumen was the largest consumed type of bitumen. Thus, paving bitumen accounted for over 65% of the market volume in 2013. However, PMB is expected to witness the fastest growth during the forecast period, owing to its increasing usage in road construction activities due to its improved properties such as high skid resistance, significant noise reduction and high porosity. Additionally, PMBs are increasingly used in the roofing industry as these offer excellent resistance to water.

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As mentioned above, roadways were the largest application segment of the market in 2013. However, waterproofing is expected to be the fastest growing application segment in the bitumen industry in the near future. Bitumen and PMBs are being increasingly used for waterproofing houses, commercial complexes, other construction structures and automotives. Demand for bitumen from waterproofing application is expected to grow at a CAGR of 4.1% in terms of revenue during the forecast period from 2014 to 2020.
The bitumen market is highly fragmented in nature due to the presence of numerous manufacturers. Companies such as Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company and Valero Energy Corporation are some of the renowned companies operating in the market.

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