The specialties of lube oil refinery market is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8% between 2018 and 2023. The specialties of lube oil refinery market is expected to grow from USD 10.4 billion in 2018 to USD 11.3 billion by 2023, at a CAGR of 1.8%. The growth of the specialties of lube oil refinery market is attributed to the growing packaging, pharmaceutical, and cosmetics industries.
Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172747167 Recent Developments
The growth of the segment is mainly attributed to the demand in the cosmetics, skin care, and pharmaceutical applications. Fully refined wax is preferred to manufacture various products such as lipsticks, cold creams, oily papers, ointments, chewing gums, and chocolate. This wax is also widely used for making candles. The growth of the market in APAC is mainly driven by the shift of production facilities from North America and Europe to the region. China, India, and Southeast Asia are the major contributors to the growth of the packaging, pharmaceutical, and cosmetics industries. These industries are witnessing growth owing to the increasing per capita expenditure and growing urbanization. This is further expected to create demand for specialties of lube oil refinery in the region. To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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FRP gratings are used in various applications, due to their versatile properties. FRP gratings in stair treads, walkways, and other applications are a cost-effective means of substituting engineering metals. These gratings are corrosion-resistant and lightweight, which leads to low maintenance and installation costs. The gratings have excellent mechanical properties and stiffness-to-weight ratio, which makes them suitable for use in the construction industry. The global FRP gratings market is projected to reach USD 574.2 Million by 2021, at a CAGR of 4.24% from 2016 to 2021.
Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196188355 Key companies offering FRP gratings have established offices, manufacturing plants, and distribution centers globally to cater to the increasing demand for these gratings from various end-use industries. Companies such as Kemrock Industries & Exports Ltd. (India), Locker Group (Australia), Webforge (Australia), and Ferro Tech International (UAE) are manufacturing FRP gratings in emerging economies in the Middle East & Africa and Asia-Pacific. Major manufacturers profiled in this report are Strongwell Corporation (U.S.), Techno Composites Domine GmbH (U.K.), McNichols Company (U.S.), Meiser GmbH (Germany), Bedford Reinforced Plastics (U.S.), AGC Matex Co. Ltd. (Japan), Kemrock Industries & Exports Ltd. (India), Eurograte Fiberglass Grating (Italy), Fibergrate Composite Structure (U.S.), Ferrotech International FZE (UAE), and Exel Composites (Finland). These companies offer a wide range of FRP grating products and received approvals for new FRP gratings. For instance, Fibergrate Composite Structure has been certified for FRP installations in federally registered food establishments. The products manufactured by the company include molded grating, Rigidex mGrating, Safe-T-Span pultruded industrial, and pedestrian grating. Strongwell Corporation (U.S.) is one of the key manufacturers of FRP gratings and offers a wide range of GRP, FRP, and heavy duty FRP gratings. The company has successfully completed projects to install FRP gratings in various industries with the required specifications. Strongwell Corporation (U.S.) focuses on differentiated business models, proprietary technologies, and competitive cost structures to gain a competitive edge. In December 2015, the company installed DURAGRID HD-4000 2.5 grating panels as trench covers in the Utah State University (USU) Electric Vehicle and Roadway (EVR) research facility in Logan, Utah. Fibrolux GmbH (Germany) is also a major manufacturer of FRP gratings. The company completed the modernization of its Kaliningrad wastewater treatment plant in 2014. Fibrolux replaced the existing dilapidated steel components with FRP during the restorations. The project comprised of manufacturing, supply, and installation of approximately 400 meters of FRP grating walkways, railings, and platforms. Related Reports: FRP Grating Market by Resin Type (Polyester, Vinyl Ester, Phenolic), Process (Molded, Pultruded), Application (Stair Treads, Walkways, Platforms), End-use Industry (Industrial, Water Management, Cooling Towers, Marine), and Region – Global Forecast to 2021 Request New Version:https://www.marketsandmarkets.com/RequestNewVersion.asp?id=196188355 The microporous insulation market is projected to grow from USD 132 million in 2018 to USD 165 million by 2023, at a CAGR of 4.7%, during the forecast period. Microporous insulation is a composite material comprising a blend of ceramic powders and fibers, with an average interconnecting pore size comparable to or even less than mean free path of air molecules at standard atmospheric pressure. The microporous insulation material is inorganic in nature, making it non-combustible and suitable for passive fire protection applications. The growing industrialization in Asia Pacific and South America and increasing oil & gas production in countries, such as the US, Saudi Arabia, Iran, and Russia drive the demand for microporous insulation. The requirement for high thermal insulation products in various applications, such as industrial, oil & gas, energy & power also drive the demand for microporous insulation.
Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129425481 The aerospace & defense application segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. The demand for microporous insulation is increasing in the aerospace application due to increasing demand for light-weight materials, which in turn, saves the fuel consumed during operation of an aircraft. In addition, the use of microporous insulation provides high performance and helps to meet the space and weight specifications in the aerospace sector. It is the most demanding sector in terms of performance & reliability due to operational and safety reasons. Europe is projected to account for the largest share of the microporous insulation market during the forecast period. Europe is estimated to be the largest microporous insulation market in 2018 and is expected to continue to lead the market till 2023, owing to rising awareness to conserve energy in the region. In addition, presence of stringent regulations regarding the use of insulation materials which comply with Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and European Dangerous Substances Directive Amendment 97/69/EC, drive its demand in the region. Also, the presence of various manufacturers of microporous insulation in the region drives its demand. Recent Developments
The global propylene glycol market was valued at USD 3.47 billion in 2016, and is projected to reach USD 4.60 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. This market is segmented on the basis of source, application, end-use industry, and region.
Based on source, bio-based propylene glycol is expected to be the fastest-growing segment during the forecast period. Bio-based propylene glycol is used in various application areas, such as pharmaceuticals & cosmetics, antifreeze & functional fluids, unsaturated polyester resin, and others. Download the PDF Brochure @ https://www.marketsandmarkets.com/Market-Reports/propylene-glycol-market-264488864.html By application, the food, pharmaceuticals & cosmetics segment is expected to witness high growth from 2016 to 2021. Increased health consciousness and improving lifestyle of people are fueling the growth of this segment. In addition, consumer’s preference for expensive cosmetic products is driving the growth of food, pharmaceuticals & cosmetics application. Transportation is expected to be the fastest-growing end-use industry during the forecast period. The increasing use of propylene glycol in applications such as aircraft wings, automotive coolant, hydraulic & brake fluids and gel coats is driving the market in the transportation segment. Propylene glycol is widely used in the transportation industry due to the growing automotive industry. The Asia-Pacific region is projected to be the fastest-growing market for propylene glycol from 2016 to 2021. The propylene glycol market in this region is expected to grow at a high rate, owing to rapid economic growth, particularly in the transportation and building & construction industries. Growing opportunities in emerging economies such as China and India and rising demand for bio-based propylene glycol in pharmaceuticals & cosmetics application are creating opportunities for the manufacturers of propylene glycol. Some of the key players operating in the global propylene glycol market are The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Huntsman Corporation (U.S.), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland) among others. Most of the companies have adopted contracts & agreements and expansions as their development strategies to increase their shares in the global propylene glycol market. To speak to our analyst for a discussion on the above findings, click Speak to Analyst The global foam insulation market is projected to grow at a CAGR of 4.95% from 2016 to 2021, in terms of value. The market is rapidly evolving with the major players contributing towards its development. Kingspan Group Plc. (Republic of Ireland), BASF SE (Germany), and Armacell International S.A. (Luxembourg) are some of the major players that led the market in 2015.
Expansion, acquisition, and new product launch were the key strategies adopted by major foam insulation manufacturers in the recent past. These strategies were adopted by the top players to strengthen their position in the market and to enhance their product portfolios. Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166726706 Kingspan Group Plc., BASF SE, and Armacell International S.A. accounted for the major share of the foam insulation market. These companies focused on acquisition and expansion strategies to strengthen their position in the foam insulation market. For instance, Kingspan Group Plc. acquired the Building Insulation Division of Pactiv LLC (U.S.) in August 2014. This acquisition helped the company strengthen its insulation business in North America to meet the growing demand for foam insulation products in the region. BASF SE, a key player in the foam insulation market, focuses on new product launches to cater to the demand from end-use industries. In 2015, the company launched Styrodur 3000CS and Neopor. These products offer 15% and 20% better insulation, respectively, than the conventional insulation panels used in the building & construction end-use industry. The company is also focusing on expansion and acquisition strategies to meet the growing demand for foam insulation products from various end-use industries. Armacell International S.A., another major market player, focuses on acquisitions and expansions to cater to the growing demand in the market. In October 2016, the company acquired PoliPex Ltda (Brazil), which helped strengthen its product portfolio in Latin America. The company also opened a production facility in Lobnya (Russia) in January 2016. This expansion has helped the company enhance its market position in the European region. Leading market players have adopted different growth strategies to gain a competitive advantage in the market. The Asia-Pacific region leads the global foam insulation market due to the increasing demand for consumer appliances in the region, accompanied by the growing building & construction industry. Increasing population, urbanization, and the growing middle class with higher income are also factors driving the demand for foam insulation in the region. To speak to our analyst for a discussion on the above findings, click Speak to Analyst Steel Rebar Market is projected to reach USD 154.08 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Growing usage of steel rebar in infrastructure, housing, and industrial segments is fueling the growth of the steel rebar market. This growth is mainly attributed to the rise in demand for steel rebar from the construction industry.
The steel rebar market by end user has been classified into infrastructure, housing, and industrial segments. Infrastructure is the largest and fastest-growing segment, as steel rebar is widely used in infrastructure projects which include bridges, highways, dams, and stadia, among others. Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176200687 Infrastructure Infrastructure is a major end user of steel rebar. This sector includes all projects of roads, highway and bridge construction, sewage systems, airports, and stadiums. The use of steel rebar increases the tensile strength of surrounding concrete structures in highway bridges and pillar structures. Nowadays, project contractors are using advanced steel rebar with galvanized coating to prevent from corrosion to be used in critical highway projects. The availability of such advanced steel rebar coating makes it one of the most durable products for infrastructural projects. Housing The housing sector is the second largest consumer of steel rebar in the world. This segment includes all major housing, real estate, schools, hospitals, and commercial shopping complexes. Steel rebar is an important constituent in these construction projects. Growing urbanization and migration of people from rural areas to urban cities are important factors driving the housing sector. This trend is expected to be prominent in emerging economies such India and China, which makes Asia-Pacific the largest region for housing segment of steel rebar. However, the demand for housing in developed countries is dependent on the credit growth and investment returns of the real estate sector. The Middle East & Africa is expected to be the fastest growing steel rebar market for housing due to the extensive demand from the housing segment, which includes residential complex, shopping malls, hospital, buildings, and other housing projects. Industrial The industrial segment includes all construction projects in the energy and power industry, water treatment plants, industrial warehouses, oil & gas construction, and telecommunication infrastructure. The demand for steel rebar in hydropower projects, industrial warehouses, and cold storage units are expected to be significant as compared to other end-use industries. Key companies operating in the steel rebar market include ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS-Vina, Co. Ltd (Vietnam), Steel Authority of India Limited (India), Tata Steel Ltd. (India), Essar Steel (India), Mechel PAO (Russia), EVRAZ plc (U.K.), Sohar Steel LLC (Oman), Celsa Steel U.K. (U.K.), Kobe Steel Ltd. (Japan), Jiangsu Shagang Group (China), NJR Steel (South Africa), These players are engaged in the manufacture and supply of steel rebar and have a strong regional presence. To speak to our analyst for a discussion on the above findings, click Speak to Analyst The tool steel market is projected to reach USD 2.77 billion by 2021, at a CAGR of 5.3% between 2016 and 2021. The growing demand for tool steels to manufacture various cutting tools, such as tool bits, drills, taps, gear cutters, saw blades, planers, jointer blades, milling cutters, router bits, punches, and dies, among others is driving the growth of the tool steels market, globally.
Request for Sample Report @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=230635068 Based on product type, the metal cutting tools segment of the tool steel market is expected to grow at the highest CAGR during the forecast period, 2016 to 2021. Tool steels are used to manufacture various types of tools, which include drills, reamers, taps, form turning tools, gear hobbing and gear shaping cutters, side and face mills, end mills, slab milling and straddle milling cutters, slitting saws, form milling cutters, and broaches, among others. The advantages of tool steels are their high strength to withstand cutting forces and low cost of the tools manufactured from tool steels. Emerging economies, such as Brazil, India, China, and South Africa are witnessing increased investments in the high-performance and high-quality machines. Tooling is an important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, form, drill, cut, shape, cut & cast, and determine the quality of the manufactured product. The demand for tool steel metal cutting tools would always continue from the manufacturing industries, thereby leading to the growth of the metal cutting tools segment of the tool steel market. Based on end-use industry, the automotive industry segment is expected to lead the tool steel market during the forecast period. Tool steels have been effectively used in the automotive industry for a long period of time. Tools and components made from tool steels are used for metal cutting and metal forming processes. Molds made from tool steels are an integral part of the automotive industry. Tool steel based molds are used in the molding of plastics to form headlamps, tail lamps, and inner panels of automobiles. Tool steels are also used for manufacturing pumps, valves, injectors, turbochargers, inserts, pistons, valve needles, valve balls, and valve seats, among others. Automobile production across the globe has been increasing continuously. Growing automation in the automotive industry and rising demand for vehicles in the Asia-Pacific region, owing to improving economic conditions in the region, have boosted the demand for tool steels in the automotive industry. The tool steel market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Continuously increasing production in the manufacturing sector to cater to the domestic requirements for high-quality products and rising number of export activities in the Asia-Pacific region are the factors leading towards increased demand for tool steels in the region. Moreover, increasing population and growing number of various end-use industries in the Asia-Pacific region have also led to innovations and developments in the field of tool steels, thereby fueling the growth of the Asia-Pacific tool steel market. To know about the assumptions considered for the study, download the pdf brochure The tool steel market is highly fragmented and competitive with the presence of a large number of prominent players, such as Hudson Tool Steel Corporation (U.S.), Sandvik Materials Technology AB (Sweden), Erasteel (France), Nachi-Fujikoshi Corporation (Japan), Daido Steel Co., Ltd. (Japan), Friedr. Lohmann GmbH (Germany), Kennametal Inc. (U.S.), Voestalpine AG (Austria), ArcelorMittal S.A. (Luxembourg), and ThyssenKrupp AG (Germany). These companies have adopted various strategies such as new product launches, expansions, joint ventures, and mergers & acquisitions to strengthen their position and increase their shares in the tool steel market. The market size of waste heat recovery (WHR) system was USD 44.14 billion in 2015 and is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The WHR system market is segmented on the basis of application, end-use industry, and region.
Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202657867 The steam & electricity generation application segment accounted for the highest share of the overall WHR system market in 2015. The growing construction sector in various developing countries such as China and India is the major driver for WHR system in the region, which is backed by high demand for WHRS in the cement industry. The steam & electricity generation application is projected to register the highest CAGR from 2016 to 2021. The demand for WHRS in the cement industry is projected to register the highest CAGR during the forecast period. The growing construction industry in Asia-Pacific and some parts of Africa and South America will drive the demand for WHRS in this industry. Growth in the construction sector of developing countries, such as China, India, and Indonesia, for social and education, healthcare, retail, and residential construction will also drive the need for WHRS in the cement industry. Asia-Pacific is expected to be the fastest-growing WHR system market, followed by South America. Growing end-use industries in Asia-Pacific, accompanied by development of new technologies and products, is projected to make it an ideal destination for the WHR system market. To speak to our analyst for a discussion on the above findings, click Speak to Analyst Some of the major players operating in the WHR system market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado). Most of the companies have adopted supply contract and agreements as their development strategies to sustain in the global market. This research study also includes a detailed segmentation of the WHR system market based on application, end-use industry, and region. Apart from the market segmentation, this report also adopts the Porter’s Five Forces analysis for an in-depth analysis of the market dynamics such as drivers, restraints, and opportunities. The asphalt additive market is projected to grow from USD 3.6 billion in 2019 to USD 6.3 billion by 2029, at a CAGR of 5.7% from 2019 to 2029. Increase in infrastructure development and road construction projects is one of the key factors driving the growth of the asphalt additive market across the globe.
Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156734514 The polymeric modifiers segment is projected to lead the asphalt additive market during the forecasting period. Based on type, the polymeric modifier segment of asphalt additives market is projected to grow at the highest CAGR from 2019 to 2029. Polymeric modifiers are used throughout the world to improve the flexibility and durability of asphalt pavements. They are easy to use, and the raw materials used to make them are readily available, which makes them the most preferred type of asphalt additives. Hot mix technology held the largest share of the global asphalt additives market Based on technology, the hot mix technology is expected to lead the asphalt additives market in coming years. Hot mix asphalt is durable, resistant to moisture damage and thermal cracking. It also provides excellent workability and skid resistance. This segment is growing due to developments in the construction of new highways and expressways. Recent Developments
Expansions and acquisitions is the key strategy adopted by the players to gain traction in the cosmetic pigments market. The strategy of expansions and acquisitions accounted for a share of 56.4% of the total growth strategies adopted by the market players between 2013 and 2017. Leading market players have also adopted the strategy of new product launches.
Download PDF BRochure to know more @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179525453 Strategic initiatives between 2013 and 2017 were mostly undertaken in Asia Pacific, North America, and Europe. New product launches was the most adopted strategy in Asia Pacific and Europe; this strategy accounted for a share of 43.6% of all the expansions that took place between 2013 and 2017. Companies such as Sun Chemical (US), Sensient Cosmetic Technologies (France), Sudarshan Chemical (India), Merck Performance Materials (US), and BASF SE (Germany) made several expansions to serve customers efficiently and increase their market shares. These companies adopted both, organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product launches to strengthen their foothold in the cosmetic pigments market. Sun Chemical is a market leader in providing solutions for coatings, printing inks, pigments, polymers, liquid compounds, solid compound, and application materials. The company focuses on the organic growth strategy by innovating new products in its portfolio, which helps in enhancing the presence of the company in the cosmetic pigments market to gain a competitive advantage over other companies. For example, the company launched a new SunSHINE Mystic Black Pearlescent Pigment at in-cosmetics Latin America in 2016. The new pigment could be used to create bold formulations for lipsticks, mascara, eyeliner, eyeshadow, and nail polishes. This has helped the company to expand its product portfolio. Sensient Cosmetic Technologies is a leading manufacturer and supplier of high-performance colorants and innovative ingredients for makeup, skin care, hair care, personal hygiene, oral care, and fragrance. The company has been expanding its production capacity and product line up. It is focusing on its organic pigment and surface treated pigment segments. For example, in 2014, the company announced the expansion of its current site in Saint Ouen L’Aumône, France. This expansion has helped the company to increase its production capacity, thus, improving the supply chain and dedicate more resources to its R & D to develop a global center of expertise for cosmetics. Related Reports: Cosmetic Pigments Market by Composition (Organic, Inorganic), Type (Special Effect, Surface Treated, Nano), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products), and Region – Global Forecast to 2022 |
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