Lubricant Market to Witness an Outstanding Growth by 2025

The global independent lubricant manufacturers market features a consolidated vendor landscape, wherein leading four companies collectively held almost 58% market share in 2016, as per a recent report by Transparency Market Research (TMR). Of them, Germany-based FUCHS alone contributed nearly 37% revenue generated in the overall market for independent lubricant manufacturers in 2016, pointing towards the stronghold of the company in the global market.

Despite the stronghold of top vendors, the presence of a large number of small players stiffens competition in the global independent lubricant manufacturers market. Product pricing, innovative product offerings, and distribution channels are the key aspects that based on which companies in this market compete to garner larger market share. The emergence of bio-based lubricants and the vast growth opportunities on account of demand for these products is expected to intensify competition in the market.

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Furthermore, penetration into high-growth emerging economies and development of environmentally sustainable products could be the most rewarding strategies for companies contending to establish their presence in the global independent lubricant manufacturers market.

TMR estimates that the global independent manufacturers market will reach a valuation of US$9,454.04 mn by the end of 2025 increasing from US$6,800.79 mn in 2016, at a CAGR of 3.80% between 2017 and 2025.

In 2016, the mineral lubricants product segment led the market holding a massive 60.8% share. However, the segment is expected to witness a nominal decline over the forecast period, on account of a notable rise of the synthetic lubricants product segment.

On the basis of geography, in 2016, Asia Pacific led the global independent lubricant manufacturers market in terms of revenue share, followed by North America.

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Growth of Automotive Industry Catapults Demand for Lubricants

Some of the key factors driving growth of the global independent lubricant manufacturers market is the healthy growth of the automotive industry and immense demand for bio-based lubricants. The significant expansion of the automotive industry, which is one of the key end users of lubricants, predominantly in emerging economies due to a rapidly growing middle-class population and strengthening financial conditions is majorly fuelling the market’s growth.

The implementation of environment protection regulations across key regional markets has led to a massive demand for high-quality lubricants. With these regulations expected to remain in place in the forthcoming years, the trend is anticipated to have an immense positive impact on the growth of independent lubricant manufacturers market. Furthermore, environment protection stipulations is also expected to witness demand for bio-based lubricants, thereby presenting growth opportunities for independent lubricant manufacturers that offer bio-based products.

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Fluctuating Feedstock Prices Impacting Profit Margins Favor Use of Low Cost Alternatives in Cost Sensitive Regions

On the flip side, however, fluctuating raw material prices is posing as a deterrent to the growth of independent lubricant manufacturers market. This is because fluctuations in feedstock prices inevitably affect pricing models and mostly lead to declined profit margins. Price related fluctuations mostly impact cost-sensitive regional markets, wherein consumers easily shift to cheaper alternatives.
Despite the palpable environment benefits of bio-based lubricants, their high costs is preventing consumers from buying these products and instead opt for conventional crude-oil based lubricants.

Propanol Market to Witness an Outstanding Growth by 2025

The global propanol market has a relatively fragmented competitive landscape as a vast number of small and large propanol vendors thrive across the globe. This has rendered the market highly competitive, states Transparency Market Research (TMR) in a recent report. Owing to the high intensity of competition, companies in the market are focusing on growth strategies such as increased funds diverted towards research and development of bio-based product varieties, mergers and acquisitions, and collaborations.

Companies are also focusing on capacity expansion as a way to ramp up their potential of grabbing a larger consumer base across high growth potential regions. Oxea, one of the market’s leading vendors, has begun construction of a new propanol manufacturing unit in the U.S. The unit, located in Bay City, is expected to produce 100,000 mt of propanol on an annual basis and is projected to begin operations in 2018.

The report states that the global propanol market will expand at a 2.3% CAGR over the period between 2017 and 2025, rising from an opportunity of US$2.19 bn in 2016 to US$2.68 bn by 2025.

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Iso-propanol to Retain Leading Position in Terms of Consumption

Of the key varieties of propanol used industrially, the segment of iso-propanol is presently the dominant product type. The segment held a massive 88% of the overall revenue of the global propanol market in 2016. The vast usage of the product across a vast range of applications is expected to help it retain its dominance in the global propanol market over the forecast period as well. From a geographical perspective, the market for propanol in Asia Pacific is presently the leading contributor of revenue to the global market. The regional market accounted for a significant 45% of the global market in terms of volume in 2016 and is likely to exhibit promising growth opportunities over the report’s forecast period as well.

Promising Demand from Cosmetics and Personal Care Industries to Fuel Growth Opportunities
Personal care and cosmetics industries are some of the primary consumers of propanol and growth of these sectors invariably affects the overall development of the global propanol market. Market analysts predict impressive growth prospects for these industries in the coming years, with factors such as rising disposable incomes, increased expenditure on premium personal care brands, easy availability of international brands across developing economies, and the vast demand for anti-ageing products driving growth. These factors, in turn, are expected to ramp up the growth opportunities of the global propanol market.

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Fluctuating Costs of Raw Material Could Hinder Growth Rate of Market
One of the key factors inducing a negative impact on the global demand for propanol is the rising preference of acetone manufacturers to the cumene process, cutting down the demand for propanol significantly. The cost of production of acetone with the help of the cumene process is relatively lesser than the cost of production with the help of propanol. As acetone production is one of the key areas of application of the propanol market, increased preference to the cumene process is expected to negatively affect the profit margins of companies in the global market.

The volatile cost of raw materials is also projected to affect the overall growth prospects of the global propanol market negatively over the report’s forecast period. Nevertheless, rising demand for bio-based products has opened up a new window of opportunity for chemical manufacturers and could help propanol companies renew growth opportunities.

Polyphenylene Ether Alloy (PPE) Market to Witness an Outstanding Growth by 2025

A report by Transparency Market Research forecasts the global polyphenylene ether alloy market to expand at a CAGR of 4.9% between 2016 and 2025. The market is expected to attain a value of US$1,951.2 mn by 2025 from a valuation of US$1,264.7 mn in 2016.

North America to Stay Dominant in Future

The global polyphenylene ether alloy market has been studied based upon product type, end users, and geography in this report. The product type segments of the market considered in this report are PPE/PS, PPE/PA, PPE/PP, and others. Amongst all, the segment of PPE/PA currently leads the market and is expected to display notable growth in the upcoming years due to the rising demand for recycled plastic in electrical and electronics and due to the demand for light weight components in automobiles.

North America held the leading share in the global polyphenylene ether alloy market in 2015 followed by Europe volume-wise. The trend is expected to continue over the forecast period owing to the increasing demand for sustainable products. The rapid growth in automotive sector combined with rising demand for recycled plastic in consumer electronics and other industrial applications is fuelling the growth of North America PPE alloy market.

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Favorable Physical Properties Stoke Demand for Polyphenylene Ether Alloy across Industries
The global polyphenylene ether alloy market is driven by several factors, of which rising demand for reducing the weight of automotive components for fuel efficiency is a prominent one. Stringent regulations to curb CO2 emissions has compelled manufacturers to opt for revolutionary materials which is working in favor of the market.

Another significant factor driving the market is stringent regulations in place across several industries for controlling corrosion of equipment. This makes polyphenylene ether alloy suitable for several applications, especially fluid transporting equipment as it possesses high hydrolytic stability due to its low absorption rate properties. Furthermore, polyphenylene ether alloys are eco-friendly, recyclable, and display high dimensional stability by virtue of which they are expected to witness demand from electrical and electronics and medical industry.

The demand for high performance cables in electrical and electronics is significantly boosting the polyphenylene ether alloy market. This is because polyphenylene ether alloy displays excellent dimensional stability and low creep behavior at elevated temperatures, which make them suitable for circuits, wires, cables, and plugs.

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On the flip side, high production cost and fluctuating raw material cost for PPE alloy are negatively impacting the market. Availability of other thermoplastics such as polycarbonate and polybutylene terephthalate that are low in cost and are at par with PPE alloy in functionality is proving detrimental to the market’s growth.

Leading players in the global polyphenylene ether market, as per a recent publication by Transparency Market Research include Asahi Kasei Chemicals Corporation, Mitsubishi Engineering Plastics Corporation, Saudi Basic Industries Corporation, and Sumitomo Chemical Company.
A notable trend observed in the global polyphenylene ether (PPE) alloy market is joint ventures between market participants and pursuits for PPE capacity expansion. This is not only strengthening the technical expertise and production capacity of partnering companies, but also bolstering their operational capabilities. A case in point is Asahi Kasei Chemicals Corporation. In January 2017, the company entered into a joint venture with China National Bluestar (Group) Co. Ltd. As per the agreement, Asahi Kasei Chemicals Corporation will commence the production and sale of its mPPE brand Xyron in China, including the intermediate material i.e. 2, 6-xylenol and polyphenylene ether (PPE).

Chemical Vapor Deposition Market Estimated to Flourish by 2025

According to Transparency Market Research (TMR), the global chemical vapor deposition market was valued at US$16,449.8 mn in 2016 and is estimated to reach US$32,441.5 mn by 2025, expanding at a CAGR of 7.7% between 2017 and 2025.

Rising Need for Reliable Coatings Drives Chemical Vapor Deposition Market

Chemical vapor deposition (CVD) can be performed by various methods such as atmospheric pressure CVD (APCVD), low pressure CVD (LPCVD), and others. It is used to provide wear-resistant coatings, corrosion-resistant coatings, and heat-resistant coatings. It is also used for the production of high-purity powder and fabricating ceramic and metal matrix composite materials. The growing need for high-quality coatings in a number of industries is likely to drive the chemical vapor deposition market in the coming years.

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Steady Growth of Microelectronics Sector Benefits Chemical Vapor Deposition Market

Rising demand for microelectronics is likely to drive the chemical vapor deposition market in the near future. The microelectronics application segment is expected to emerge as a prominent and rapidly expanding application of chemical vapor deposition in the coming years. In the microelectronics industry, CVD equipment is used for wafer processing in the semiconductor industry, and for coating applications in the LED (light emitting diodes) manufacturing process. Microelectronics is a leading application segment for CVD and expansion of the microelectronics market has been a major factor fuelling the CVD market.

Rapid industrialization in developing economies in Asia Pacific is likely to be a crucial driver for the global chemical vapor deposition market. This has also led to growing demand for automated equipment in many industries, leading to rising use of chemical vapor deposition to ensure a strong coating.

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Currently, Asia Pacific leads the global chemical vapor deposition market, followed by North America and Europe. Increasing consumption of chemical vapor deposition in electronics industries in China and India is likely to fuel the demand for chemical vapor deposition applications in Asia Pacific over the forecast period. China is the key manufacturer and consumer of CVD products in Asia Pacific, mainly due to the booming demand from microelectronics applications. CVD demand would continue to increase in Asia Pacific over the forecast period. Asia Pacific accounted for more than 35% of the global chemical vapor deposition market in 2016.

Key players in the Chemical Vapor Deposition market include ULVAC Inc., IHI Corporation, Singulus Technologies AG, Veeco Instruments Inc., Tokyo Electron Limited, Mustang Vacuum Systems, Dynavac, and Oxford Instruments. The chemical vapor deposition market is likely to witness the entry of new players on a regular basis in the coming years due to the attractive commercial proposition of the market. Acquisition of smaller emerging players with considerable expertise in particular aspects of the process is likely to be a key tactic for large players in the global chemical vapor deposition market in the coming years.

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Wood Coatings Market Estimated to Flourish by 2025

A report by Transparency Market Research predicts the revenue in the global wood coating market to expand at a healthy CAGR of 8.3% from 2017 to 2025 to reach a value of US$17.595 bn by 2025 from US$8.625 bn in 2016. Volume-wise, it predicts the market to exhibit a CAGR of 7.5%.

Powered by Emerging Economies, Asia Pacific Leads Market

Depending upon the type of resin, the global wood coatings market is segmented into polyurethane, acrylics, melamine formaldehyde, nitrocellulose, etc. Of them, the segment of polyurethane accounts for maximum market share and going forward too is expected to retain the share by registering a CAGR of 8.8% between 2017 and 2025. This is because polyurethane is scratch and humidity resistant.

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Regionally, the segments of the global wood coatings market studied in the report are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, among them, leads the market with maximum share powered by the densely populated emerging economies in the region. On account of the rising wealth of people in the region, the sales of furniture has increased and this has led to the growth in wood coatings market in Asia Pacific. The region is slated to grow its dominant share slightly by 2025 to 47.4%.

Booming Housing Construction Activities Stokes Growth

Majorly fuelling growth in the global wood coatings market are the growing number of housing construction activities worldwide and the increasing disposable incomes of people which has driven up sales of furniture. Environmental regulations placed on emission of volatile organic compounds (VOCs) is also providing headwinds to the market. As per the lead analyst of the TMR report, “Numerous initiatives for bringing down emission of VOCs have taken by industries and organizations. Growing awareness about coatings with low volatile organic compounds and implementation of safety regulations have resulted in the swift uptake of wooden coatings.”

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Fluctuating Raw Material Prices Pose Challenge

Posing headwinds to the market for wood coatings, on the other hand, is the volatility in raw material prices. Acrylic and polyurethane are the primary raw materials used in the manufacture of wood coatings. Since they are dependent on the prices of crude oil, their prices get affected thereby posing a challenge to the market.
A noticeable trend in the global wood coatings market is the foray of small and medium manufacturers which has served to intensify the competition. Most of them are banking upon product differentiation to establish a foothold in the market.
Presence of numerous companies makes the global wood coatings market highly competitive. Prominent companies operating in the global wood coatings market show high degree of forward integration, which provides them with a decided competitive advantage. Apart from that, manufacturers are also seen focusing on product differentiation to entice more customers. Some of the key players in the market are BASF SE, PPG Industries Inc., the Asian Paints, Nippon Paints Holdings, the Dow Chemical Company, and Sherwin-Williams Company.

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The top four companies, namely The Sherwin Williams Company, PPG Industries Inc., Akzo Novel N.V. and RPM International Inc. accounted for almost 60.0% share in the global wood coatings market in 2016. Of them, The Sherwin Williams Company led the market with a majority share of 21.3% in 2016.

Bromine Market to Witness an Outstanding Growth by 2025

As per a report by Transparency Market Research, the global bromine market will rise at a tepid pace in the upcoming years. It forecasts the market to become worth US$2.674 bn by 2025 from US$1.74 in 2016 by registering a CAGR of 5.0% during the period between 2017 and 2025.

Demand from China Catapults Asia Pacific Market to Fore

Depending upon its various applications, the global bromine market can be classified into flame retardants, drilling fluids, biocides, catalysts, and water treatment, among others. Among them, the main application of bromine is seen in flame retardants. Going forward, the segment is expected to retain its leading share in the market, albeit reducing it slightly to 32.6% by 2025 by clocking the minimum CAGR of 4.2%.

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Based on geography, the global bromine market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific has emerged as a leader both in terms of growth rate and share in revenue. In 2016, the region contributed a significant 50.0% share in the revenue in the market. The region is also predicted to grow its share vis-à-vis volume mainly on the back of massive demand from China, which accounts for over half the demand for bromine in the region. China is also a major manufacturer of bromine in Asia Pacific.

Application in Water Treatment Drives Market

Bromine primarily finds application in water treatment – be it industrial water treatment or residential and commercial water purification. Bromine also finds application in thwarting formation and growth of bacteria, algae, and odors in swimming pools. The increasing uptake of water treatment chemicals is expected to keep the prospects of the market upbeat in the foreseeable future.

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The lead analyst of the TMR report, elaborates further on the opportunities in the global bromine market: “The market for bromide-based technologies to remove mercury emission at coal-fired power plants is an area of potential growth for the industry. Bromide compounds for reducing mercury emissions costs less compared to other materials, namely fluorine-, chlorine-, or iodine-based compounds.”

Health Hazards Posed by Bromine Crimps its Demand

A factor, providing headwind to the global bromine market, is the fact that it is classified as a hazardous waste. Hence, it has to be disposed of carefully so that minimum damage to the environment and humans results. Further, bromine vapor is highly corrosive. The problem becomes aggravated in presence of moisture on account of the formation of acids. Therefore, bromine needs be kept dry during transportation and storage. Bromine, heavier than water, also needs to be transported carefully in properly designed and operated systems to lessen the risk of potentially hazardous imbalances. All these have also served to slow down its market.

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Global giants, having massive manufacturing capacities and significant geographical outreach, dominate the bromine market, worldwide. They have been able to adapt well to the various changes in the market by dint of being deep-pocketed and having the technological resources. Some of the main strategies adopted by them to stay ahead of competition in the bromine market are product development and competitive pricing.

Some of the prominent participants operating in the global bromine market are Albemarle Corporation, Israel Chemical Ltd. (ICL), Jordan Bromine Company Limited, and Gulf Resources Inc.

Head Protection Equipment Market Progresses for Huge Profits During 2017-2026

A growing number of companies are increasingly focusing on workplace safety and health. Hence, adoption of various personal protection equipment along with a focus on workers safety training program is also increasing. Companies involved in mining, construction, oil & gas and other activities are focusing on adopting advanced head protection equipment to minimize head injuries. Moreover, stringent regulations in various countries are also enforcing the use of safety helmets across different sectors.

With advancement in technologies, most of the companies have started moving towards adopting sensors and connectivity to yield benefits, not only through the data obtained but also by providing safety and cost saving through preventing accidents. Hence, manufacturers have also started producing head protection equipment equipped with sensors and other technologies that can measure and provide data and at the same time provide protection to the individual, thereby avoiding tragic situations.

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Global Head Protection Equipment Market to Witness Moderate Growth during the Forecast Period 2017-2026

As per the latest report compiled by Transparency Market Research (TMR), the global head protection equipment market is expected to witness moderate growth, expanding at 4.7% CAGR during the forecast period 2017-2026. The market is also estimated to bring in US$ 6,841.3 million revenue by the end of 2026.

The global head protection equipment market is segmented into product type, sales channel, application, and region. On the basis of product type, the market includes class A helmet, class B helmet, and class C helmet. Among these, class B helmet is expected to witness significant growth during the forecast period 2017-2026. Based on sales channel, the segmentation includes distributors and direct (B2B) sales. Head protection equipment sales through direct (B2B) sales is expected to be highest during the forecast period 2017-2026.

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By application, the manufacturing sector is expected to witness strong growth in the global head protection equipment market. Based on the region, the market is segmented into North America, Europe, Latin America, APEJ, Japan, and MEA. Europe is expected to remain dominant in the global head protection equipment market during the forecast period 2017-2026.

Increasing Focus on Development of Helmets Equipped with Sensors to Provide Safety and Efficiency

Integrating digital functions in various personal protective equipment is on a rise and it is also giving a boost to the completely new product concept. Along with other personal protection equipment, manufacturers are building head protection equipment with sensors in it. Enhancing existing safety functions, these sensors in head protection equipment also provides connectivity to interact with another person. To enhance safety, sensors that can evaluate the situation and detect collisions are also being integrated into helmets.

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The concept of smart helmet is transforming the way work is being carried in a challenging environment. Sensor-equipped helmets are also gaining popularity in the defense sector. Sensors monitoring and recording force of the pressure and accelerations due to head movements or impacts are being integrated into the helmets. The biggest challenge various industries are facing is engineering safety. Hence, the adoption of smart helmets is rising to eliminate operational complexity, improve industrial workplace and increase productivity. Manufacturers are also adding cameras and advanced audio system to the helmets to provide better connectivity. Head protection equipment that are resistant to wide range of environmental conditions are also being focused on. Smart helmets with sensors monitoring health of the users are also helping to improve condition of workers under the complex working environment.

The report also provides a profile of key players in the global head protection equipment market such as E. I. du Pont de Nemours and Company, 3M, Honeywell International Inc., MSA, Uvex Group, Lakeland Industries, Inc., Centurion Safety EU, Pinnacle Protection Enterprises, Cintas Corporation, and Bullard.

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Organic Acids Market to Witness Exponential Growth by 2022

Global organic acids market is forecast to stay strong, exhibiting a steady CAGR between 2017 and 2022. While rising population and growing GDP has remained primary growth drivers, the market is also expected to gain from the increasing use across foods, beverages, pharmaceuticals, and other industries. The market currently has a stronghold in developed nations, however over the course of the forecast period, emerging economies will gradually emerge at the fore.

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The global organic acid market is highly competitive compelling the market players to focus on product differentiation. To capitalize on the rising demand for bio-based organic acids, experts have observed a rising investment in research and development activities in the global organic acids market. Also major players are looking to expand their product portfolio and regional footprint by entering into strategic collaborations.

According to Transparency Market Research, the global organic acids market is likely to reach US$10.61 bn by the end of 2022, from US$8.02 bn in 2017. If these figures hold true, the global organic acids market will exhibit a CAGR of 5.8% between 2017 and 2022. Insights from Transparency Market Research as mentioned below will reveal the market’s potential trajectory through 2022:

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Key Insights on Global Organic Acids Market

• Acetic acid is forecast to constitute the leading product segment within the global market. As of 2017, the acetic acid segment is valued at US$1743.2 mn and is projected to showcase robust growth through the forecast period. It currently holds nearly 21.7% of the overall market based on product. Owing to its antifungal and antibacterial properties, the use of acetic acid is likely to increase further in the food and beverages sector enabling the overall market gain significant impetus.
• Rising demand from food and beverages industry forecast to accelerate sales of organic acids. In addition, on account of its antibacterial and preservative properties, the use of organic acids has surged in the pharmaceutical sectors, thereby enabling the overall market to exhibit robust growth.
• North America has emerged dominant in the global organic acids market. Over the course of the forecast period, the region is likely to demonstrate a CAGR of 6.1%. Presence of a sophisticated industrial infrastructure, besides economic rebound post downturn has helped creating an environment favorable to the growth of the organic acids market in North America.
• According to Transparency Market Research, Europe will emerge as the second-leading regional segment, accounting for 27.3% of the global organic acids market by the end of 2017.
• Asia Pacific excluding Japan is forecast to emerge as a lucrative region for organic acids. Growing GDP and population in India and Japan, will provide significant opportunities for the market’s growth in Asia Pacific. Japan on the other hand is likely to create absolute opportunity of US$113.3 mn between 2017 and 2022.

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To present a holistic overview of the global organic acids market, the report also profiles companies such as Archer Daniels Midland Company, BASF SE, BioAmber Inc., BP Plc, Cargill, Celanese Corporation, Corbion N.V., E. I. Dupont De Nemours and Company, Eastman Chemical Company, Elekeiroz S.A, Fuso chemical co. ltd, Genomatica, Henan Jindan Lactic Acid Technology Co. Ltd, Koninklijke DSM N.V., LUXI GROUP CO., LTD., Myriant Corporation, Nature Works LLC, Polynt-Reichhold, Tate & Lyle, and The DOW Chemical Company.

Herbicides Market to Expand with Significant CAGR During 2017-2025

The need to up agricultural produce to feed the growing global population is chiefly driving the global herbicides market. Driven by this and various other factors, the global herbicides market is likely to display a CAGR of 6.1% between 2017 and 2025, for the market to attract a revenue of US$29.30 bn by 2025 end. The global herbicides market stood at US$17.37 bn in 2016.

Product-wise, glyphosate led the global herbicides market in terms of value and volume in 2016. The segment is likely to hold on to its dominant position over the forecast period. Cereals and grains, among the key application types dominated the market vis-à-vis revenue in 2016. The segment is likely to display the leading CAGR over the forecast period. Geography-wise, Europe stood as the leading regional segment in 2016; going forward the region is likely to display a slightly declined market share during the forecast period.

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Need to Clear Unwanted Vegetation Affecting Agricultural Crop Production Boosts Uptake

Majorly fuelling the global herbicides market is the need to increase crop yield to feed the rising global population. The decreasing cultivable land has necessitated the use of herbicides to clear weeds that that grow around planted crops and consume major portion of nutrition for crops. Herbicides are synthetic crop protection products that are used to kill unwanted vegetation such as weeds that affect crop production. Weeds affect as much as 50% crop yield, as weeds thrive on the nutrition meant for planted crops and thus results in reduced crop yield. This is necessitating the use of herbicides to decrease the gap between demand and production of food.

As per the statistics of United Nations, the world population has increased significantly in the past two decades and is anticipated to rise at a rapid pace in the near future. The world population is estimated to be 9.8 billion by 2050, from a population of 7.6 billion in 2017. Increasing crop yield is of utmost importance, from the point of view of production of sufficient food to cater to the rising population.

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Health and Environmental Concerns lead to Declined Use

However, health and environmental concerns have imposed ban on a number of herbicides. For instance, glyphosate, which is one of the most widely used herbicide is anticipated to be banned in Europe by the end of 2017. Also, 2,4-D has been banned for use in Europe. California has put restrictions on the use of glyphosate due to the presence of herbicide active ingredients that are strictly monitored for health and environmental considerations.

In addition, the increasing awareness of health hazards associated with synthetic agrochemical products is leading to a shift towards bio-based products, especially in developed economies of Europe and North America.

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The concentration of a few large players that hold close to 75% market share renders the global herbicides market to be highly consolidated and an organized one, as stated in a new report by Transparency Market Research (TMR). Competition among these players, however, is stiff as they are contend to garner a larger market share. In this scenario, leading players are resorting to strategic alliances and mergers and collaborations to introduce novel and economical products.

Syngenta International AG, BASF SE, Bayer AG, DowDuPont Inc., Monsanto Company, Agrium Inc., and Israel Chemicals Limited are to name some of the leading companies in the global herbicides market.

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Fluorspar Market to Register Substantial Expansion by 2025

The TMR report projects the global fluorspar market to exhibit a CAGR of 2.7% during the forecast period of 2017 to 2025, estimating it to reach a worldwide worth of US$1,860.8 mn by the end of 2025, considerably up from its evaluated valuation of US$1,505.3 mn in 2016. As far as growth strategies are concerned, the fluorspar market players are constantly investing in the research and development of new products. The report observes that although the degree of competition remains high owing to oversupply, the players aspire to introduce cheaper products in the cost-sensitive regions. In addition to that, fluorspar market players are also indulging in mergers and acquisitions to maintain steady supply contracts and build goodwill. The entry of new players in the near future will further intensify the competitive landscape of the global fluorspar market, particularly in the regions of Asia Pacific and the Middle East and Africa as there are plenty of reserves of fluorspar in China and South Africa.

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Product-wise, the global fluorspar market gains maximum demand for acidspar, which is mainly utilized in the production of hydrofluoric acid and aluminum. Metspar segment’s demand is dependent chiefly on the requirement for steel. Application-wise, the market for fluorspar has been bifurcated into aluminum production, steel production, hydrofluoric acid, lithium-ion batteries, and concrete additives. Geographically, Asia Pacific is the most lucrative region by a long margin, which is a reflection of increasing infrastructure projects in the region that requires a constant supply of steel and aluminum.

Growing Demand for Aluminum and Steel Driving Demand

The demand in the global fluorspar market is essentially driven by rising demand for fluorochemical as well as increasing requirement and consequent production of aluminum and steel. In the near future, the dynamics of the hydrofluoric acid market will have a direct impact on fluorspar market. Increasing investments in infrastructure projects globally is augmenting the demand for aluminum and steel. Increasing demand for aluminum and steel will in turn poise the growth of fluorspar market during the forecast period. Unconventional applications of fluorspar such as electrolyte in lithium-ion battery and concrete additive are likely to provide potential growth of fluorspar market. Industrially, fluorspar has applications in the production of enamels and ceramic glasses as well as flux for smelting. Pure form of fluorspar has applications in microscopes and telescopes as they have low light dispersion and exhibit less chromatic aberrations in comparison to unconventional glasses. Fluorspar’s usage in li-ion batteries and growing consumption of cement in the construction industry are two fresh new opportunities for the vendors operating in the global fluorspar market.

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Environmental Concerns May Hamper Market’s Growth

The global fluorspar market has several drivers, but stringent government regulations pertaining to the protection of ozone layer, as the global warming concerns escalates, is obstructing it from attaining its true potential. About 22 countries signed The Montreal Protocol in 1987, pledging to reduce the production and consumption of hydrochlorofluorocarbons (HCFCs) and chlorofluorocarbons (CFCs). This move, aimed at preventing the depletion of the ozone layer, has had a negative impact on the demand for fluorspar in the recent past.

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A fresh study by Transparency Market Research (TMR) notifies that the global fluorspar market is moderately consolidated, with a few companies holding significant chunk of overall shares. The report identifies Centralfluor Industries Group, Inc., Mexichem S.A.B. de C.V., and Zhejiang Wuyi Shenlong Floatation Co Ltd. as three most prominent participants of the fluorspar market, whereas China Kings Resources Group Co., Ltd., Kenya Fluorspar Company Ltd. (KFC), MINERSA GROUP, Seaforth Mineral & Ore Co., Inc., British Fluorspar Ltd, Mongolrostsvetmet LLC., and Masan Group are a few other notable companies connected to the value chain.

Diesel Exhaust Fluid Market to Register Substantial Expansion by 2022

The global diesel exhaust fluid market is driven by a number of factors, majorly the rising awareness about their highly efficacious utility in reducing the harmful nitrogen oxide content of diesel engine exhaust gases. Reducing the environmental footprint of human endeavors has become a major task for governments across the world, leading to automotive exhausts facing increasing scrutiny due to their growing contribution to environmental pollution and the rise of respiratory diseases. Innovations such as catalytic converters and diesel exhaust fluid have thus become increasingly important for the automotive industry in the coming years and are likely to rise in demand at a steady rate over the coming years. The diesel exhaust fluid market is thus expected to exhibit stellar growth over the 2017-2022 forecast period.

According to Transparency Market Research, the global diesel exhaust fluid market is expected to rise from a 2017 valuation of US$10.2 bn to a 2022 valuation of US$14.4 bn at a robust 7.1% CAGR therein.

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Here are the key highlights of the global diesel exhaust fluid market likely to have an impact on the market during the 2017-2022 forecast period.

Steady Government Support in Europe Crucial for Diesel Exhaust Fluid Market

One of the key drivers for the global diesel exhaust fluid market is the steady government support provided to it in developed regions such as Europe. European countries, especially Central European countries such as Germany, France, Switzerland, the Netherlands, and Belgium, have consistently taken a pro-environment stance on automotive topics and are thus key contributors to the global diesel exhaust fluid market. The steady growth of the consumer automotive industry in the region has benefited the diesel exhaust fluid market, as the presence of several leading automotive players has smoothened the incorporation of solutions such as diesel exhaust fluid in the dynamics of the automotive industry.

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Europe accounted for 26.2% of the global diesel exhaust fluid market in 2017 and despite a fall in market share over the 2017-2022 forecast period, is likely to remain the dominant contributor to the global market.

The automotive industry has enjoyed rapid growth in Asia Pacific in the recent past following the rise in the disposable income of consumers in the region. The transportation sector in the region, driven by the rampant pace of urbanization in countries such as India and China, has also upped its demand for diesel-powered vehicles, leading to a corresponding rise in other related industries such as the diesel exhaust fluid market. Steady growth of the indigenous automotive industry, with diesel vehicles likely to dominate the charts in the coming years, is thus likely to be beneficial for the diesel exhaust fluid market.

Bottles are likely to remain the popular packaging type for the global diesel exhaust fluid industry in the coming years. 1 and 2.5 gallon diesel exhaust fluid bottles accounted for 41.2% of the global diesel exhaust fluid market in 2017, the segment being valued at US$4,221.8 mn. The segment is likely to remain the dominant contributor to the global diesel exhaust fluid market in the coming years and is expected to rise to US$5,891.5 mn by 2022, at a strong 6.9% CAGR therein.

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Competitive Dynamics

The fragmented global diesel exhaust fluid market contains several leading players such as Yara International ASA, Total SA, SINOPEC, Cummins, CF International Holdings Inc., Valvoline, Royal Dutch Shell Plc, RelaDyne LLC, and GreenChem Solutions Ltd.

Surface Disinfectant Market to Witness an Outstanding Growth by 2024

According to the TMR report, the global surface disinfectant market is expected to expand at a healthy CAGR of 10.4% between 2016 and 2024. If the figure holds true, the market which stood at US$802.9 mn in 2016 will become worth US$1.77 bn by 2024.

Sodium Hypochlorite-based Products to continue to stay in Demand

By product, sodium hypochlorite-based surface disinfectants hold the leading market share in terms of volume, followed by phenol-based products. The low price factor along with relatively stable nature of sodium hypochlorite-based products account for their leading share in the market.
On the other hand, quaternary ammonium compounds and peracetic acid-based products are likely to display significant growth over the forecast period.

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In terms of application, hospitals & clinics and outpatient surgical centers are the major end-use segments of surface disinfectants. Over the forecast period, however, the segment of restaurants and food chains is expected to surpass in terms of growth rate, followed by the households segment.
Enforcement of Cleanliness and Hygiene Standards for Commercial Establishments Pushes uptake in Emerging Economies

Of the several growth drivers of the global surface disinfectant market, increasing awareness about cleanliness and hygiene generally among the population and state authorities is a prominent one. This has resulted in increased spending on cleanliness at individual level and at state level. Another important factor favoring the growth of the surface disinfectant market is regulatory requirements in place for cleanliness and hygiene that commercial establishments, especially food services need to adhere to. For example, the food and dairy industry is displaying an increased demand for these products.

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The increasing education level and rising economic prosperity in emerging economies of Asia Pacific, Latin America, and the Middle East and Africa is also working in favor of the surface disinfectant market. Individuals are increasing recognizing the importance of cleanliness at homes and at workplaces and are using disinfectants to prevent germs from breeding. The expanding construction industry in emerging economies, leading to the development of residential complexes and commercial buildings is also displaying substantial demand for surface disinfectant products.
The increasing number of restaurants and food chains in developing regions backed by economic development, and hygiene and cleanliness standards that the service industry need to comply to is acting as a growth driver to the market. The increasing disposable income in these regions that has raised affordability of a high percentage of population to visit upscale hospitals, clinics is also having a positive bearing on the growth of surface disinfectant market.

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Proving to act as a barrier to the growth of surface disinfectant market is highly reactive nature of some chemical formulations, which is limiting their use. Moreover, the relentless use of these products has resulted in several microorganisms developing resistance to the products. This factor has affected sales in mature markets of North America and Europe that have been using surface disinfectants for a long time and on a large scale.

The frontrunners in the global surface disinfectant market, according to a report by Transparency Market Research (TMR), are Procter & Gamble, Johnson & Johnson Services Inc., Henry Schein, Kimberly-Clark, 3M, and DuPont. Some other key players that largely operate in regional markets are GOJO Industries, Clorox, Cantel, and Ecolab.

Automotive End-Point Authentication Market to Register Substantial Expansion by 2025

In order to further their positions in the global automotive end-point authentication market, prominent players are seen leveraging strategic acquisitions. This helps them to expand their outreach and enhance their offerings. Another method players are seen banking upon is product innovation by funneling money into research and development. On account of such constant efforts by keen companies to bolster their positions, the global automotive end-point authentication market is characterized by stiff competition.

The global automotive end-point authentication market is fragmented in nature and entry barriers for new players are low due to absence of monopoly. However, setting up of manufacturing units for automotive end-point authentication require huge capital and resource, which is not feasible for most of the small and medium sized companies.

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Some of the big names in the global automotive end-point authentication market are Garmin Ltd., Continental AG, Samsung Electronics Co., Fujitsu Ltd., Hitachi Ltd., Ltd., Symantec Corporation, VOXX International Corporation, Valeo S.A., Synaptics Incorporated, and Sonavation, Inc.
As per a report by Transparency Market Research, the global automotive end-point authentication market is expected to rise at a healthy 8.6% CAGR during the period between 2017 and 2025 to reach a value of US$1.115 million by 2025 from US$0.504 million in 2017.

Surging Uptake of Electric and Hybrid Vehicles to Stoke Healthy Growth in Europe Market
Depending upon the type of vehicle, the global automotive end-point authentication market can be broadly split into conventional vehicles and hybrid and electric vehicles. Of the two, the conventional vehicles account for a greater share in the market, which stood at over 50.0% in 2016. The segment is also slated to clock impressive growth in the next couple of years. The hybrid and electric vehicles segment too is predicted to expand swiftly on account of the fuel efficiency they accord.

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Geographically, the key segments of the global automotive end-point authentication market are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Europe, among them, contributed to over 30.0% share in revenue in 2016. The region is primarily powered by Germany. Going forward, the rising application of end-point authentication systems in new segment of vehicles such as electric and hybrid vehicles are predicted to bring about further growth in the market.

Strict Safety-related Regulations Drive Market

An important growth driver in the global automotive end-point authentication market is the stringent regulatory requirements in different parts of the world. “Standards such as Federal Motor Vehicle Standards, National Highway Traffic Safety Administration (NHTSA), and Euro standards, among others, are driving automobile manufacturers to develop vehicles having enhanced safety and security features, leveraging end-point authentication as a major technology,” explains the lead analyst of the TMR report.

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Another factor catalyzing growth in the automotive end-point authentication market is the fact that the technology aids in preventing thefts and damages to vehicles. The gradual uptake of hybrid and electric vehicles will also likely catalyze growth in the market.

Automotive wearables, such as smart watches and smart glasses that are synchronized with the computer system of automobiles to provide specific information, has also brought a transition in the automotive industry and taken the end-point authentication market to a whole new level.

Drive-By-Wire Market to Register Substantial Expansion by 2025

Some of the key players in the global drive-by-wire market are Robert Bosch GmbH, SKF Group, Delphi Automotive PLC, Mobil Elektronik GmbH, Denso Corporation, Hitachi Automotive Systems, Ltd., ZF Friedrichshafen AG, Continental Group, Curtiss-Wright Corporation, and Infineon Group.
In order to stay ahead of competition in the global drive-by-wire market, automotive component manufactures are pouring money into development of advanced drive-by-wire technology systems. They are also focusing on electric powertrain development. Robert Bosch GmbH, for instance, has developed an e-axle drive system that combines transmission, electric motors, and power electronics in one unit to implement drive-by-wire technology. SKF Group has developed electromechanical actuators which are an integral part of drive-by-wire systems.

Other strategies leveraged by savvy companies in the drive-by-wire market to bolster their positions are carefully-considered acquisitions, partnerships, and divestments.

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As per a report by Transparency Market Research, the global drive-by-wire market will likely become worth US$59.5 bn vis-à-vis revenue by 2025 from US$18.22 bn in 2016 by clocking a robust 15.0% CAGR during the period between 2017 and 2025.

Powered by China and Japan, Asia Pacific to Grow at Maximum Pace

Based on applications, the global drive-by-wire market can be segmented into brake-by-wire, electronic throttle control, steer-by-wire, and shift-by-wire. Of them, electronic throttle control segment, which is the oldest form of drive-by-wire technology, is predicted to be the most lucrative segment.

Depending upon geography, the global drive-by-wire market can be divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific, at present, leads the market. The growth in the region is primarily being driven by Japan, China, Australia, South Korea, and India. Expanding at a good clip, the region is slated to grow its market share to 42.6% by 2025.

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Emergence of Autonomous Vehicles to Catalyze Market Growth

Drive-by-wire or x-by-wire technologies, which is comprised of different automotive electronic components such as sensors, electronic control unit, actuators, electric motors, etc., is primed to play a crucial part in future autonomous vehicles. “Drive-by-wire vehicles need more power than conventional vehicles. While conventional vehicles run on 12-volt system, drive-by-wire requires 48-volt system. Rising adoption from 12-volt system to 48-volt system presents an opportunity to increase adoption of drive-by-wire in global automotive market,” explains the lead analyst of the report.

Rules against Vehicular Emissions Stoke Demand in Market

Besides, growing demand for fuel-efficient vehicles and regulations aimed at curbing emissions have also resulted in higher uptake of drive-by-wire or x-by-wire technologies. This is particularly evident in the developed U.S. and other European countries, where authorities have framed rules supporting fuel efficiency and discouraging vehicular emissions. This has caused increased uptake of drive-by-wire technology in vehicles, which helps to up fuel efficiency by reducing the weight of the vehicle and brings down vehicular emissions due to gradual conversion to a 48-volt electrical system.

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Rising demand of off-road vehicles is also serving to catalyze demand for drive-by-wire systems. Drive-by-wire application is increasing in forklifts, harvesters, tractors, construction and mining equipment, industrial electric vehicles, mowers, utility vehicles, and other off-road vehicles.
One drawback of drive-by-wire system is that it removes the entire mechanical connection in a vehicle by electronic systems. Hence, in case of a software malfunction there is no backup control as the entire mechanical system is removed. This poses serious safety issues.

Rubber Coated Fabrics Market to Register Substantial Expansion by 2022

As per the latest study of Transparency Market Research (TMR), the global rubber coated fabrics market is envisaged to post a CAGR of 5.0% for the forecast timeframe 2017–2022. By the concluding forecast year, the market could collect a revenue of approximately US$2.0 bn, a progress from an estimated US$1.5 bn in 2017.

Global Rubber Coated Fabrics Market: Major Insights

The world rubber coated fabrics market is projected to lay its hopes on the rapidly growing transportation industry which could exhibit a significant demand in the next few years. Infrastructural enhancements planned on the part of metro railways and aggressive demand for automobiles are foreseen to strongly intensify the rise in the growth of the market. The enforcement of safety regulations for industrial workers is foretold to increase the demand for protective clothing, which could be a major application of rubber coated fabrics.

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On the basis of segmentation, the world rubber coated fabrics market is prognosticated to be classified as per coating, material, and application. The analysts foresee three main types of coating to make their presence known in the market, i.e. transfer, direct, and solidification. Out of these, transfer coating could secure a top spot with a 4.1% CAGR expected to be posted between 2017 and 2022. By material, the market could be segmented into natural and synthetic. However, there could be more number of rubber coated fabrics segments by application, such as industrial, defense and public safety, construction, aerospace, and automotive.

With regard to geographical segmentation, the world rubber coated fabrics market is predicted to be cataloged into Asia Pacific except Japan (APEJ), Europe, North America, Japan, Latin America, and the Middle East and Africa (MEA). By 2022, APEJ could still remain as one of the most attractive regions for rubber coated fabrics with respect to revenue. By the end of 2017, APEJ is envisioned to garner a 28.7% share. North America and Europe could be among the second-largest regions, where the latter is prognosticated to rise at a 4.9% CAGR.

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The global rubber coated fabrics market is prophesied to ride its growth on the back of hefty investments directed toward steel and military, chemical, infrastructure, automotive, and oil and gas industries in Asia Pacific regions. Developing countries of the world, especially in Asia Pacific, are experiencing an unwavering boost in their economic growth. While this could notably augur well for the global market, there are more factors anticipated to bring in some favorable opportunities for industry players. The robust application outlook in the automotive sector on account of tight regulatory compliances and consistent customization and aesthetic improvement needs could promise an upward growth in the market.

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Global Rubber Coated Fabrics Market: Vendor Landscape

According to the report, vendors such as Microsemi Corp., L-Com, Inc., Sixnet Holding LLC, ICP DAS Co., Ltd., and N-TORN Corp are anticipated to make the cut in the worldwide rubber coated fabrics market. New product launch and innovation could be key bases for the substantial increase in the competitiveness of the market.

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Silicone Defoamer Market to Reflect Impressive Growth Rate During 2017 - 2025

Rising Demand from Diverse Sectors Helping Silicone Defoamer Market Gain Impetus

Manufacturers find silicone defoamers quite useful to collapse foams formed during the process of manufacturing. By doing so, the cycle time is reduced and in the other hand effective volumes in the production process are increased. It is therefore widely used in water treatment chemicals across various industries such as paper and pulp, paints and coatings, and wooden board. In addition, the market is witnessing considerably high demand from the food and beverages industry, which is in persistent need of ways to reduce time incurred on manufacturing and processing. Also the market is likely to benefit from rising preference of consumer toward water-borne coatings.

According to TMR, the global silicone defoamers market will expand at a steady 4.3% CAGR between 2017 and 2025. At this pace, the global silicone defoamer market is likely to reach US$16,844.6 mn by 2025, from US$11,675 mn, which was its value in 2016. Based on application, paints and coatings segment emerged dominant and it held nearly 24.8% of the global silicone defoamers market in 2016. Regionally, Asia Pacific emerged as the largest market in 2016.

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Among the chief market drivers, the increasing focus on industrial and municipal wastewater treatment will give the global silicone defoamers market major impetus. With government initiatives directed towards encouraging healthy lifestyle, the demand for processed water is stoked. This, coupled with the rising environmental awareness, has bolstered wastewater treatment activities in turn fuelling the demand for silicone defoamers. Industrial and municipal wastewater treatment are aimed at improving safety and sanitation, invariably creating a steady market for silicone defoamers. Against this backdrop, increase expenditure by governments on wastewater and water infrastructure will catapult the market in the coming years.

Given the scenario, the piling wastewater treatment concerns in emerging nations of Asia Pacific has bode well for the market. Meanwhile, the silicone defoamers market has witnessed considerable growth in developed nations such as Canada, the US, Germany, and the UK as well.

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Stringent Regulations May Restrain Market’s Trajectory in Future

On the downside, regulatory organizations such as European Commission, USDA, US FDA, and US EPA have quantified limits of using various components in formulation of defoamers. As manufacturers strive to achieve the stringent regulations, which often entail increased expenditure on production and quality control, the overall market may witness a few challenges. These could pose threat to its future trajectory. Nonetheless, technological advancements especially in product development techniques are likely to help the market players up their ante in the coming years.

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The global silicone defoamers market exhibits a consolidated vendor landscape. With a few companies enjoying stronghold the market is expected to witness a fair prevalence of competition among the leading market players. For instance, the silicone defoamer market in North America is dominated by Momentive Performance Materials and Dow Corning Corporation, finds Transparency Market Research (TMR). “These companies together held over half of the market share in North America,” said a lead TMR analyst. Meanwhile, in the European market companies such as Clariant International Ltd., Wacker Chemie AG, Elkem Silicones, BASF SE, and Evonik Industries have found a strong footing. In addition, companies such as Supreme Silicones, Shin-Etsu Chemical Co, Ltd., and Resils Chemicals Pvt. Ltd. exhibit a strong presence in Asia Pacific.

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Barrier Resin Market to Reflect Impressive Growth Rate During 2017 - 2025

The global barrier resins market is choc-o-bloc with companies making it a fragmented one, says Transparency Market Research (TMR) in a new report. A prominent characteristic of the global barrier resins market is that several players are available for same product offerings, which makes the market competitive. This, however, is gainful for buyers as it allows them to switch suppliers at low costs.

Some of the key players operating in the global barrier resins market are Kuraray Co. Ltd., The Dow Chemicals Company, E.l.DU PONT DE Nemours and Company, Asahi Kasei Corporation, Solvay S.A., Honeywell International Inc., Mitsubishi Gas Chemical Inc., INEO Group Ltd., and Invista among others.

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Considering the rising preference for packaged food over non-packed food due to health and hygiene reasons along with several other factors, the global barrier resins market is likely to touch a valuation of US$3.9 bn by 2025 from US$2.7 bn in 2016 at a CAGR of 4.4% between 2017 and 2025.

The EVOH segment, among the key material type segments, is likely to lead the global barrier resins market over the forecast period. The high growth rate of EVOH segment is mainly because it offers excellent properties of gas barrier, resistance to organic solvents and water, and easy processing. On the basis of application, food and beverage led the market in 2016 holding 54.8% market share. Geography-wise, North America led among other key regional markets in 2016 due to a high consumption of packaged food.

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Increasing Consumption of Packaged Food Stokes Demand

Over the past few years, consumers are increasingly preferring packaged food over non-packed food for health reasons. However, packaged food that is packed and transported over long distances for later use need to retain freshness and quality as desired by consumers. To address this, food manufacturers are consistently making efforts to use food grade packaging and sealing materials that help to keep the content intact along with maintaining quality. Barrier resins are used to prevent loss of flavor and to prevent permeation of oxygen in eatables. This is a key factor fuelling the growth of the global barrier resins market.

The flourishing packaged food and beverage industry that accounts for a significant demand for barrier resins is indirectly benefitting the barrier resins market. Barrier resins are used in packaging of food and beverages such as meat, fish, tins, beer, wine, and soft drinks as they inhibit penetration of gas, vapor, and liquid. Further, the growth of pharmaceuticals industry is also a key factor behind the rising attractiveness of barrier resins over the past few years.

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In addition, in agricultural settings, barrier resin is also used as an adjuvant that helps facilitate soil strengthening applications. Barrier resins are also used as an adjuvant in personal care and healthcare settings.

Apart from this, the emergence of newer materials such as barrier grade LDPE, HDPE, LLDPE, and many more for packaging applications is likely to spur the growth of barrier resins market. These newer materials are not only low in cost but also provide barrier properties that are at par with traditionally used materials such as EVOH.

Health Hazards Key Constraint Slowing Growth

On the contrary, the use of traditionally used PVDC-based barrier resins are likely to plummet owing to health hazards associated with the release of chlorine. Environmental concerns and high polar nature of PVDC has also been a factor leading to its declined uptake.

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Sodium Silicate Market to Reflect Impressive Growth Rate During 2017 - 2025

Prominent participants in the global sodium silicate market include PQ Corporation, Evonik Industries AG, BASF SE, W.R. Grace & Co., CIECH Group, Silmaco NV, Oriental Silicas Corporation, Aromachimie Company Ltd, Industrial Chemicals Ltd, SIEKEM d.o.o, MAGNIFIN, BEKO Troyan, Glassven C.A, Z.Ch. Rudniki SA, Huber Engineered Materials, PPG Industries, Tokuyama Siltech Co. Ltd, Occidental Chemical Corporation, Nippon Chemical Industrial Co. Ltd, Solvay, and Diatom.

In this competitive market, keen players are mulling over strategic partnerships and mergers and acquisitions apart from pouring money into research and development for novel products. These players have also been involved in capacity expansion, which has resulted in demand-supply gap due to higher production volumes. This in turn, has restricted the entry of new players in the sodium silicate market.

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A fresh business intelligence study by Transparency Market Research (TMR) reveals the global sodium silicate market to be expand at a CAGR of 1.92% for the forecast period between 2016 and 2025. Rising at this pace, the market’s valuation of US$4.9 bn in 2016 will become US$5.81 bn by the end of 2025.

Among the key application segments, in 2016, silica manufacturing led the overall market holding 26.8% share. The detergents segment held 15% of the market in 2016; going forward the segment is likely to display an increased market share. Geography-wise, Asia Pacific held the leading share of 54% in the overall market in 2016. Europe stood as the second-leading market holding 21.8% share in 2016.

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Efficacy to Maintain Optimum pH of Cleaning Products Boosts Demand

The global sodium silicate market is anticipated to display significant growth over the forecast period between 2016 and 2025 mainly due to the rising demand for sodium silicate from a number of end-use industries such as construction and tire. For instance, the growing demand for environmental-friendly binders in the construction sector and increasing switch to green tires are expected to bode well for the sodium silicate industry.

Over the past few years, rising disposable incomes and changing consumer preference in both developed and emerging economies have led to expansion of detergents and cleaning agents market. This is because rising awareness of the importance of staying healthy is augmenting the demand for detergents and cleaning agents. Sodium silicate allows to maintain effective pH level during cleaning operations. As a result, effectiveness of surfactants and soaps and detergency of cleaning products is improved. Due to these properties, sodium silicate has become a popular additive in detergents and cleaning products.

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Further, rapid growth of agriculture and waste water treatment sector in emerging economies such as Brazil, India, and South Africa are likely to have a positive influence on the sodium silicate market. Growing demand for sodium silicate in the manufacture of precipitated silica, pulp & paper, elastomers, and catalyst applications is also acting in favor of the growth of sodium silicate market.

Growth of Paper Recycling Industry for Environmental Reasons Stokes Demand

Additionally, sodium silicate witnesses high demand as an adhesive and binder from the manufacturing industry. Sodium silicate is witnessing increasing demand for binding various products such as corrugated board, fiber drums, angle boards, toilet tissues, and paper napkins. Precipitated silica accounts as the leading application for liquid sodium silicate.

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Lastly, environmental concerns leading to increasing efforts for waste paper recycling is indirectly benefiting the sodium silicate industry for paper and pulp bleaching.