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Syngas Chemicals Market to receive overwhelming hike in Revenues by 2028
Global Syngas Chemicals Market: Overview
The demand within the global market for syngas chemicals has been rising on account of the need to ensure unhindered growth across the chemical industry. Several new chemical compounds can be processed with the help of syngas which has given an impetus the growth of the global syngas chemicals market. Syngas consists of carbon monoxide, hydrogen, and regulated quantities of carbon dioxide, and the use of syngas spans across a range of operations.
It is projected that the global market for syngas chemicals would expand alongside advancements in the field of chemical processing. Furthermore, syngas chemicals are widely used across chemical research centers and labs in recent times. This factor is also expected to reek of growth within the global market for syngas chemicals in recent times. There is a huge possibility of inflow of voluminous investments in the global market to syngas chemicals in the years to come. All of the aforementioned factors have cumulated into creating a large consumer base for the vendors within the global syngas chemicals market.
The global market for syngas chemicals may be segmented on the basis of the following parameters: end-user, application, and region. There is a need to delve into the aforementioned segments in order to understand the dynamics of growth within the global market.
A report by Transparency Market Research (TMR) on the global market for syngas chemicals sheds value on several key dynamics that have aided market growth. A geographical analysis of the global market for syngas chemicals has also been elucidated in the report. Furthermore, the key strategies adopted by the market players have also been enumerated in the report.
Global Syngas Chemicals Market: Trends and Opportunities
The demand within the global market for syngas chemicals has been rising on account of the need to ensure seamless growth in the chemical industry. The use of syngas chemicals for gas lighting has also propelled demand within the global market, and has given an impetus to the growth of market players. Sponge iron is amongst the most distinct areas of application for syngas chemicals which has also accelerated the rate of growth across the market. The use of syngas chemicals for optimising energy capacity of chemical processes has also expanded the market in recent times.
Global Syngas Chemicals Market: Market Growth
The global market for syngas chemicals has attracted commendable revenues on account of the application of the compound in the chemical industry. The manufacture of methanol can be accelerated with the help of syngas chemical which has also played a major role in market growth. The stakeholders in the global market for syngas chemicals are expected play a decisive role in market growth.
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Global Syngas Chemicals Market: Regional Outlook
The demand within the market for syngas chemicals in North America has been escalating at a robust rate. This owes to the proactive nature of industrial heads in the US and Canada. Furthermore, the presence of a large industrial base in India and China has propelled market demand across Asia Pacific.
Global Syngas Chemicals Market: Competitive Landscape
Some of the key players in the global market for syngas chemicals are LyondellBasell Industries Holdings, East-Man Chemical, and Methanex.
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Specialty Carbon Black Market Growth and Forecast 2027
Carbon black has remained a key ingredient in the several industries ranging from the automobile to printing sector. However, an increasing demand for high-tech products is currently asking for more innovation in the global market. The increasing requirement for specialty carbon black is growing constantly as the consumers preference are constantly changing. The global specialty carbon black market is projected to exhibit an impressive CAGR of 4.5% during the mentioned period of forecast of 2019 to 2027.
Increasing Demand for Lithium-ion Batteries to Push Development of Asia Pacific Segment
In terms of geographical landscape, there are five main regional segments of the global specialty carbon black market. These segments are Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Of these segments, the global specialty carbon market is presently dominated by the region of Asia Pacific. In 2018, the regional segment accounted for around 45% of total share of the specialty carbon black market. This trend is projected to continue for the given projection period of 2019 to 2027.
The development of the regional segment of Asia Pacific is mainly due to the developments occurring in the developing economies such as China, Indonesia, and India. These nations are presently witnessing an eye-catching demand for different application such as cables, wires, and wires, cables, and other conductive plastic appliances and devices due to significant developments in the construction industry. Due to the outstanding conductive features of specialty carbon black, it has become a popular additive preference for such applications. Naturally, it has aided in pushing the growth of the market in Asia Pacific.
Additionally, in recent years, there has been significant growth in the requirement for the lithium-ion batteries. This increasing demand is because of the growing production and requirement for the development of electric vehicles and consumer electronic products. Nations such as Taiwan, South Korea, and China are some of the major exporters of these batteries. Hence, the development in the overall requirement for these lithium-ion batteries is expected to have a considerable impact on the overall growth of the specialty carbon black market in the Asia Pacific region.
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Expanding Production Facilities is Key for Leading Companies in Global Market
Recently, the global specialty carbon black market has been experiencing a tremendous development with respect to both volume and value. Back in 2018, the overall sale of the global market was nearly1000 kilo tons. The total value of the record sale was worth US$2 billion. With an increasing number of companies operating in the global market such as Cabot Corporation, Orion Engineered Carbons, and Himadri Specialty Chemical Ltd., the market is expected to witness an increased competition.
These companies are now planning to expand their production facilities which in turn will help in boosting the specialty carbon black market. For instance, in recent development, Himadri Specialty Chemicals announced that it is thinking of setting up brand new manufacturing line for specialty carbon black at its present integrated production plant at Mahistikry, West Bengal, in India. This move will help Himadri Specialty Chemical Ltd. to improve its existing manufacturing capacities.
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Scrubber Systems Market : Industry Outlook by 2027
Scrubber Systems Market: Efficient Solution to Lessen the Formation of Acid Rain
A rapid industrialization across the globe has made it imperative to reduce the amounts of sulfur dioxide emitted into the atmosphere. Sulfur dioxide emission control is expected to assume more and more significance with the emission norms becoming even more stringent in future.
A scrubber system is a diverse group of air pollution control devices, which can be used to remove particulate matter and harmful components such as nitrogen oxides (NOx) and sulfur oxides (SOx) from industrial exhaust streams.
When emitted into the atmosphere sulfur oxides could dissolve in the water in the air and form acid rain. Scrubber systems market is estimated to have robust demand in the near future, as a solution to limit the formation of acid rain, which is highly detrimental to the environment.
Key Drivers of Scrubber Systems Market
The scrubber systems can handle flammable and explosive dusts with low risk. These are compact and can often be retrofitted into existing collection systems. The scrubber systems are likely to see substantial demand in a diverse range of wet scrubbing, dry scrubbing, mercury removal, and absorber-in-scrubber waste products by 2027.
Increasing demand for scrubber systems from the petrochemical industry is estimated to offer immense opportunities to the global scrubber systems market during the forecast period.
Sulfur emissions to the atmosphere by sea-going vessels are limited by new and updated international regulations governed by the MARPOL Convention of the International Maritime Organization (IMO), which will come into effect starting 01 January 2020. The Convention has set a limit for sulfur in fuel oil used on board ships of 0.50% m/m (mass by mass), for ships operating outside designated Emission Control Areas.
The new set of regulations is projected to significantly reduce the amount of sulfur oxide emanating from ships, for providing major health and environmental benefits. Thus, global scrubber systems market is likely to observe strong potential in the marine industry by 2027.
In comparison to other air pollution control devices, scrubbers are multidisciplinary, with the ability to remove solids, mists, and gases simultaneously while also providing cooling. They are also capable of handling explosive and flammable gases safely.
Scrubber systems are likely to play a vital role in the race among industries to achieve zero emissions and zero discharge for industrial manufacturing, automotive, public utilities, and other sectors.
Both Dry and Wet Scrubber Systems to Mark Robust Demand
Based on product, the scrubber systems market can be divided into wet scrubber systems and dry scrubber systems. Wet scrubber systems are employed to remove pollutants from a furnace flue gas or from other gas streams. In its most basic form, water is encapsulated in a metal or composite container. Contaminated gas is passed through the water, and the water absorbs the contaminates
Dry scrubber systems are employed mostly to remove acid gases from combustion sources. This is carried out by introducing a series of dry reactants to the exhaust gas at a very high speed. This neutralizes pollutants in the exhaust gas. Unlike wet industrial scrubbers, dry scrubbers do not utilize a liquid to absorb contaminants. Because of this difference, steam is not produced by the reaction, and a wastewater system is not needed. Areas of applications requiring removal of acids found within gasses are likely to demand dry scrubbers systems during forecast period.
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Marine and Oil & Gas to be the Prominent End-use Industries during Forecast Period
Based on end-use industry, the scrubber systems market can be divided into marine, oil & gas, chemicals, automotive, pulp & paper, pharmaceuticals and others.
Oil & gas is estimated to mark substantial demand for scrubber systems by 2027. In the oil & gas industry, scrubber systems can reduce SO2 and SO3, particulates from Fluid Cat Cracking Units (FCCU), Sulfur Recovery Units (SRU), Crude Distillation Units (CDU), power boilers, fired heaters and various other processes.
The harmful emissions created from shipping fleets may affect several regions across the globe. As a consequence the marine industry will in the coming years face tougher legislation on emissions. Marine is expected to be the rapidly expanding segment of the global scrubber systems market during the forecast period. Scrubbers have been incorporated in various types of vessels across the globe including: roll-on/roll-off (RO-RO), ferries, cruise ships, container ships, and very large crude carriers (VLCCs); as these vessels are heavy emitters of SOx.
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Glass Curtain Wall Market : Industry Outlook by 2026
Global Glass Curtain Wall Market: Overview
Significant rise in the building and construction sector across the globe is the key factors accelerating growth in the global glass curtain market. Moreover, the growing demand for r energy-efficient façade systems and stringent regulations related to the environment has further augmented growth in the market. Adding further, technological advancements that are taking place in the glass industry along with the growth was seen in commercial and industrial construction activities has further augmented the demand in the global glass curtain wall market.
Rising awareness among people to use environmentally friendly construction facilities along with the growing popularity of green building has also boosted growth in the glass curtain wall market. Alongside these drivers, there are various other factors driving demand in the global glass curtain wall market. Analysts of the report have elucidated on various other factors such as vendor landscape, geographical reach, and ongoing trends that are influencing growth in glass curtain wall market. All these information along with other growth parameters and categories is presented in the global glass curtain wall market.
Global Glass Curtain Wall Market: Notable Developments
Players operating in the global glass curtain wall market are making deliberate efforts to strengthen their position and diversify the growth in glass curtain wall market. Leading players are also engaged in research and development activities to give the best of the services to their customers and fuel growth in the glass curtain wall market. Some of the recent developments seen in the global glass curtain wall market include:
A leading manufacturer of glass windows and façades Tecnoglass situated in Colombian acquired a minority share in the capital of Vidrio Andino, subsidiary of Saint-Gobain (Colombia). In this partnership, Vidrio Andino is likely to build a new float in Colombia to meet the growing demand for glass in this region.
The parent company Saint-Gobain introduced new flat glass production line (float) in Sriperumbudur, in India in early 2019. This line represents US$130 Million investment and supported Saint-Gobain’s industrial glass facilities in India. With this setup, the company also introduced glass production line in areas of Jhagadia (Gujarat) and Bhiwadi (Rajasthan).
NSG plans to build a new float glass plant in Argentina. Development of new plant will support in meeting the increasing demand for architectural and automotive glass products in Argentina.
Other companies such as Asahi Glass, China Glass Holdings Limited, Central Glass, Avic Sanxin Co., Ltd, Guardian Industries, Nippon Sheet Glass, Vitro, Schott AG, and Xinyi Glass Holdings Limited are also making substantial efforts to enhance the growth in the global glass curtain wall market.
Global Curtain Wall Market: Trends and Opportunities
Technological advancements taking place in the global glass industry opened new avenues to boost demand in the global glass curtain wall market. However, strict regulations by the government on carbon emission and high capital requirement might deter demand in the global glass curtain wall market.
But with a rise in demand for green buildings and huge investments made in infrastructural projects especially in developing regions are expected to boost growth in the global glass curtain market and help to reduce the impact of these challenges.
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Growing Building and Construction Sector to Drive Demand in Asia Pacific Glass Curtain Wall Market
On the regional front, Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa are the key regions analyzed in the global glass curtain wall market. Among these, Asia Pacific is leading the global glass curtain wall market. Significant rise building and infrastructural development in emerging economies is the key reason that made Asia Pacific lead the global glass curtain wall market. Moreover, this demand is increasing due to the growing demand for aesthetic appeal in the infrastructure sector.
Adding further, Asia Pacific building and construction sector have attracted a huge sum of money across the globe due to growing industrial sectors, large population base, and availability of land and labor at a low cost. Collectively, all these factors make it one of the most lucrative markets for the growth of the glass curtain wall market.
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Citric Acid Market Predicted to Rise at a Lucrative CAGR throughout 2026
Citric acid’s wide ranging applications in the food and beverages, and pharmaceutical industries has propelled its demand in the past few years. The global citric acid market has been sturdy, and is predicted to witness a steady growth in the coming years.
An upcoming Transparency Market Research report on the global citric acid market provides a detailed analysis of the current market and contains forecasts for the period between 2018 and 2026. The report sheds light on the market’s overview, major drivers and restraints, geographical analysis, competitive dynamics and its future prospects. These insights can prove as game changers for existing and upcoming players of the global citric acid market.
Global Citric Acid Market: Drivers and Restraints
The food and beverage industry continues to dominate the global citric acid market with respect to demand. This is predominantly due its widespread use in ice creams and dietary supplements. The acid’s ability to inhibit the growth of microbes, and enhance a product’s shelf life, makes it a preferred preservative. Further, it imparts sourness and tartness to enrich the food’s flavor.
Another noteworthy quality of citric acid is its ability to aid digestion. Many people across the world suffer from digestive problems, thus fuelling the demand for citric-acid-based food and beverages.
Pharmaceuticals is a prominent end use sector in the global citric acid market. Citric acid acts as a buffer that regulates pH in medicines. It is also used to prepare salt derivatives of metals and minerals. In addition, it is combined with sodium bicarbonate and used in effervescent formulas to manufacture personal care products.
Other than food and beverage and pharmaceutical industries, the global citric acid market is also being driven by the animal feed, textiles, detergents and cleaners, and cosmetics industries. In cleaning products, it acts as a foaming and chelating agent that reduces the hardness of water. Citric acid is also used to develop photographic films.
Consumption of citric acid in disproportionate amounts is the one of the foremost challenges of the global citric acid market. This can cause side effects like abdominal pain, nausea, vomiting and diarrhea.
Global Citric Acid Market: Geographical Analysis
North America is expected to hold the highest share in the global citric acid market. The steady rise in the population suffering from digestive problems will likely steer the demand in the U.S. For the very same reason, Europe could be another prominent region. People in countries like Germany are conscious about maintaining their digestive health. This has shot up the demand for products like citric acid based yoghurt. Awareness about citric acid-based food and pharmaceutical agents is witnessing an upward trend in the Middle East. Renowned pharmaceutical companies are opening offices in the Middle East region. This could be a major driver of the citric acid market in the region. Increase in the prevalence of cardiovascular diseases and the growing geriatric population is fuelling the demand for citric acid food products in China.
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Global Citric Acid Market: Competitive Dynamics
The major players in the global citric acid market are from the pharmaceuticals, and food and beverages industries. Some of them include Pfizer Inc., Cargill Inc., Jungbunzlauer Suisse AG, and Kenko Corporation. Such established players are seen adopting advanced machinery to produce innovative products. They are also investing heavily into research and development of new products.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Zero Liquid Discharge Market Estimated to Experience a Hike in Growth by 2026
The global zero liquid discharge market was valued at US$ 674.54 Mn in 2017 and is anticipated to expand at a CAGR of around 12% from 2018 to 2026, according to a new research report, published by Transparency Market Research (TMR) titled ‘Zero Liquid Discharge Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Zero liquid discharge is a wastewater treatment technique, wherein around 95%–99% of wastewater is recovered for reuse. Since the technique recovers almost all water from the wastewater stream, no liquid is discharged at the end of the process, leaving only the solid residue behind.
The process comprises several steps such as reverse osmosis, ultrafiltration, fractional electrode ionization, and evaporation & crystallization. ZLD plants are designed in accordance with composition of the wastewater stream, the flow rate to be handled by the system, and volume of contaminants present in the stream. These plants are designed to handle fluctuations in any of the above factors while providing effective and efficient services.
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Strict Environment-related Regulations Likely to Drive Zero Liquid Discharge Market
Regulatory authorities and environment-related agencies are imposing strict regulations and laws on the disposal of industrial wastewater. They are installing ZLD plants, especially in industries generating large amounts of wastewater. Scarcity of freshwater sources is another driver of the Zero Liquid Discharge Market. With only 3% of the total available water being fresh water, freshwater sources are under high stress, due to increasing demand for water from communities and the industrial sector. Therefore, industries are implementing ZLD in order to reuse water from wastewater streams and reduce their demand for freshwater. Rising power generation capacities are also estimated to drive the demand for ZLD in the near future. Power plants, being one of the major water polluters, have started implementing ZLD to reuse water for boiler, cooling, and other non-potable applications. Recovery of useful chemicals and minerals from leftover solid residue after water recovery is another major diver of the market. However, high capital and operating costs of ZLD plants can prove to be a restraint of the market in the near future. Since a large amount of energy is required for their operation, operating costs of ZLD plants are high. This can hamper the rate of installation of these plants in small-scale industries.
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Ongoing efforts for using less energy-intensive technology are expected to provide new opportunities to the Zero Liquid Discharge Market in the next few years. Technological advancements to reduce the amount of energy required for the ZLD process are continuing. End-user industries are trying innovative methods to decrease overall energy costs so as to reduce their operating costs.
Energy & Power Segment Expected to Lead Global Zero Liquid Discharge Market
In terms of end-user industry, the zero liquid discharge market has been classified into energy & power, food & beverages, chemicals & petrochemicals, textile, pharmaceuticals, and others. Energy & power was a dominant segment, accounting for over 40% of the market share, in terms of value, in 2017. The segment is expected to maintain its dominance during the forecast period. However, the chemicals & petrochemicals segment is projected to expand at a rapid pace during the forecast period.
Rise in Demand from End-user Industries in Asia Pacific to drive the Market in the Region
In terms of region, the global zero liquid discharge market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific held a leading share of more than 40% of the global market in 2017. This can be attributed to high demand for ZLD from end-user industries in the region such as energy & power and chemicals & petrochemicals, especially in developing countries such as China and India. The market in the region is expected to expand at a rapid pace during the forecast period, primarily due to the implementation of stringent regulations imposed on industrial wastewater disposal and diminishing sources of freshwater led by increasing pollution in Asia Pacific, especially in China and India.
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Highly Competitive Market with Presence of Several Local Players
Key players operating in the global zero liquid discharge market and covered in this report are Aquatech International LLC, Veolia, GEA Group Aktiengesellschaft, SUEZ, ENCON Evaporators, AQUARION AG, 3V Green Eagle S.p.A., Thermax Global, Oasys Water, Praj Industries, Kelvin Water Technologies Pvt. Ltd., Transparent Energy System Private Ltd., Austro Chemicals & Bio Technologies Pvt Ltd, Bionics Advanced Filtration Systems (P) Ltd., Dew Envirotech Pvt. Ltd, Arvind Envisol Limited, and ALFA LAVAL.
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Polyethylene Napthalate Market : Industry Outlook by 2020
Polyethylene napthalate also abbreviated as PEN is a type of polyester exhibiting excellent barrier properties. Polyethylene napthalate is chemically similar to polyethylene terepthalate (PET), however it’s more temperature resistant and acts as a better barrier compared to PET.
Polyethylene napthalate films exhibit several desirable characteristics such as excellent dielectric strength, superior hydrolysis resistance, excellent dimensional stability, good thermal conductivity, high mechanical strength and low thermal shrinkage. Commercial market for polyethylene napthalate is still in a nascent stage and the full potential of the product is yet to be realized.
However polyethylene napthalate has found acceptance in several applications such as textiles, industrial fibers, foamed articles, containers for beverages, films and other thermoformed applications. Polyethylene napthalate is generally available in the market in the form of laminates, granules, rods and films.
The primary driver for the polyethylene napthalate market is its application in electrical and electronic equipments. Owing to the high temperature resistance and good dielectric constant PEN provides excellent volumetric efficiency for metalized construction which is required in capacitors. Polyethylene napthalate films exhibits characteristics for signal coupling, filtering and bypassing applications.
Polyethylene terepthalate is also used for the same applications in the electrical and electronics market, however the acceptance of polyethylene napthalate has been on the rise owing to superior physical and chemical characteristics. Another major application of polyethylene napthalate is in the bottle manufacturing industry. PEN had been approved by the FDA to be used as containers for carbonated beverage, water, personal care products and house hold chemicals among others. Perishable food and beverage items which are required to be protected from sunlight and oxygen such as fruit juices and beer provide a considerable market to polyethylene napthale.
Polyethylene napthalate is also lighter in weight compared to polyethylene terpthalate and more and more manufacturers are turning to it in order to reduce shipping cost through reduction in shipping weight. More recently polyethylene napthalte has found application in automotive tire cord manufacturing due to its excellent dimensional stability and temperature resistance. Polyethylene terepthalate filaments are also used in the textile industry to produce low tex textile products.
In spite of the enormous potential market for polyethylene napthalate, there exist certain restraining factors to the market’s growth. Polyethylene napthalate is more expensive compared to PET and display a shorter flex life. The higher cost acts as a deterrent to the market but with growing production capacities the cost is expected to subside in the future.
Tremendous opportunity rests with polyethylene napthalate products as it has potential to be a substitute to the polyethylene terepthalate products. The market for PEN is still small compared to its predecessor, but the market dynamics are expected to change gradually in favor of polyethylene napthalate products with the reduction in its price.
North America accounts for the highest demand for polyethylene napthalate market followed by Europe. Electronics and food and beverage applications are the main market drivers for the market in these regions. Asia Pacific market is slower that North America and Europe, but the market presents enormous opportunity in the future. China and Japan are the main producing countries in Asia Pacific region.
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Some of the companies operating in the polyethylene napthalate market are DuPont, Teijin Ltd., and Advansa Sasa Polyester San A.S. among many others.
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Manganese Alloys Market Analysis, Segments, Growth and Value Chain 2027
The global manganese alloys market was valued at US$ 19,722.2 Mn in 2018 and is anticipated to expand at a CAGR of 5.9% from 2019 to 2027 according to a new report titled “Manganese Alloys Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027” by Transparency Market Research (TMR) . Growth in automobile and infrastructure industries is encouraging investors to invest in the manufacturing of steel and superalloys. This, in turn, is projected to propel the manganese alloys market.
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Steelmaking Industries Drives Manganese Alloys Market
Expansion of the manganese alloys market is depends on the growth of the steel industry. More than 60% of manganese alloys are employed for steelmaking. After steel, superalloys, and alloys are extensively manufactured from manganese alloys. Growth in the steel manufacturing industry across the globe propels the demand for manganese alloys.
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Demand for Silicomanganese is Higher than that of Ferromanganese
Manganese ore is less abundant than iron ore. The production cost of ferromanganese is significantly higher than that of silicomanganese. Hence, the demand for silicomanganese is high in countries such as the U.S., China, India, Russia & CIS, and Brazil.
Growth in Infrastructure Industry to Increase Demand for Manganese Alloys
Infrastructure development is pivotal for industrial growth. Large quantity of iron and steel is required for infrastructure development. Demand for steel products is estimated to increase in the next few years due to rise in investments in the infrastructure sector. In terms of consumption, the infrastructure sector accounts for 9% of the global steel industry. Market share of the sector is expected to increase to 11% by 2026.
Regulatory Framework and Environmental Regulations
Several governments have imposed stringent mining regulations on the extraction of manganese to curb environmental pollution caused due to the harmful effects of manganese mining. This is likely to hamper the production cost of manganese alloys. The U.S. Environmental Protection Agency has promulgated the Iron and Steel (I&S) Effluent Guidelines and Standards (40 CFR Part 420) in 1974, and amended the regulation in 1976, 1982, 1984, 2002, and 2005. The regulation covers regulatory norms engaged in iron or steel manufacturing, forming, finishing, and coke manufacturing.
China to Dominate Manganese Alloys Market in Asia Pacific
In terms of value, Asia Pacific dominated manganese alloys market in 2018. Rise in investments in infrastructure and automobile sectors in Asia Pacific drives the manganese alloys in the region. In terms of automobile unit production, the automotive industry in China is one of the largest in the world. The industrial sector accounts for around 27.6% of India’s GDP.
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Highly Competitive Market
The global manganese alloys market is highly competitive. Key players operating in the global manganese alloy market include ERAMET S.A., South32, Ferroglobe, ArcelorMittal, Jindal Stainless Ltd, Sakura Ferroalloys SDN BHD, Pertama Ferroalloys Sdn. Bhd., Mortex Group, Georgian American Alloys, Nikopol Ferroalloy Plant, and Maithan Alloys Ltd.
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Industrial Waste Management Market Forecast and Trends Analysis Research Report 2026
The global industrial waste management market was valued at US$ 474,179.9 Mn in 2017 and is anticipated to expand at a CAGR of more than 10.6% from 2018 to 2026 according to a new report titled ‘Industrial Waste Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ by Transparency Market Research (TMR).
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Companies operating in the construction industry are constantly striving to develop new and sustainable solutions to manage the generated waste. One ton of cement releases one ton of carbon dioxide in the atmosphere. The usage of industrial waste materials in the manufacture of usable products can significantly lower the carbon footprint of the construction industry. Material recovery facilities play a key role in integrated industrial waste management by providing a safe working environment for waste-pickers; encouraging communities to recycle waste; and reducing the amount of waste sent to landfills. Thus, manufacture of byproducts through recycling of industrial waste is expected to drive the industrial waste management market in the next few years.
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Collection services to remain dominant segment over the forecast period
Based on service, the collection segment dominated the market with more than 50% share in 2017. Waste segregation is important for successful resource recovery. Collection of industrial waste is usually carried out by using crane trucks, dump trucks, arm-roll trucks, etc. Waste collection is one of the factors that determines the efficiency of a waste management system. Strengthening basic infrastructure for waste collection, treatment, and disposal is the topmost priority of governments who have enacted strict regulations related to industrial waste management.
Country-wise norms and regulations related to collection, recycling, landfill, and incineration of industrial waste to drive market
Countries in Europe have been strictly following the regulations related to management and disposal of industrial waste. In Europe, Directive (EU) 2018/850 has laid policies and regulations for member states to significantly reduce waste disposal by landfilling. In Europe, the ZeroWIN project focuses on zero-industrial waste generation and challenging the old ways of thinking of landfilling of industrial waste. The zero waste vision for industrial networks is estimated to boost investments in industrial waste management services. The U.S. in North America is focusing on effective and safe collection, recycling, landfill, incineration, and disposal of industrial waste.
Currently, management of construction & demolition waste dominates global industrial waste management market
Based on waste type, the construction & demolition segment dominated the global industrial waste management market with 30.0% share in terms of value in 2017. It was closely followed by the mining waste segment. Construction & demolition (C&D) waste is generated during the construction, renovation, and demolition of buildings or structures. Construction and demolition waste includes materials such as concrete, bricks, wood and lumber, roofing, drywall, and landscape.
Management of hazardous industrial waste to rise at fast pace
In terms of volume, the hazardous segment constituted minimal share of the global industrial waste management market in 2017. France, the U.K., and Russia are among the top five nuclear power nations in Europe. Thus, generation of hazardous waste from these countries is estimated drive the hazardous segment of the industrial waste management market in the region. Waste management services related to the management of hazardous industrial waste are 10 times higher than that for non-hazardous industrial waste.
Countries in Asia Pacific, especially, China to lead industrial waste management market
China is one of the major producers of industrial waste in Asia Pacific. The country accounted for 49.1% share of the industrial waste management market in Asia Pacific in 2017. Asia Pacific has 17 of the 50 largest waste dumpsites in the world. Rise in concerns related to management and disposal of industrial waste in China is expected to benefit service providers engaged in the industrial waste management market in the country.
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Highly competitive market with domination of top players
The global industrial waste management market is highly fragmented, with large numbers of local and international players providing industrial waste management services. Leading players dominate the market. Key players operating in the industrial waste management market are Stericycle, Inc., Waste Management, Inc., Sembcorp Industries, Veolia, Suez, Reclay Group, Daiseki Co., Ltd., Enviroserv Waste Management (Pty) Ltd., Clean Harbors, Inc., and SA Waste.
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Battery Recycling Market : Industry Outlook by 2026
The global battery recycling market was valued at around US$ 10 Bn in 2017 and is anticipated to expand at a CAGR of nearly 11% from 2018 to 2026, according to a new report by Transparency Market Research (TMR) titled ‘Battery Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Battery recycling prevents used batteries from ending up in municipal wastes and landfills. It enables the reuse of battery materials. Almost every type of battery such as household batteries, laptop batteries, mobile phone batteries, power tool batteries, and car batteries can be recycled. Batteries are manufactured from hazardous metals and heavy metals such as lead, mercury, nickel, zinc, and cadmium. These metals may leach into the soil if not disposed properly, thus contaminating the soil and polluting underwater and surface water sources. Battery recycling ensures the continuous flow of hazardous materials and prevents them from entering the environment, thereby protecting the environment from degradation. Battery recycling activities also help prevent potential health hazards.
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Rise in Environmental Concerns and Manufacturing Economics Achieved from Recycled Products Projected to Boost Battery Recycling Market
Increase in environmental concerns about potential threats from unsafe disposal of used batteries is expected to be a key driver of the battery recycling market. Major raw materials used in batteries such as lead, cadmium, nickel, and mercury are highly hazardous and can cause severe damage to the ecosystem. Battery manufacturing companies have recognized these potential hazards. Several government and non-profit organizations have taken steps toward battery recycling by spreading awareness about it or by entering into agreements with consumers for spent batteries. Raw materials used for manufacturing batteries are of high commercial value. The recycling process can yield these raw materials in a cost effective way vis-à-vis their fresh counterparts. Using recycled products for manufacturing can lower manufacturing costs of various products, thereby making the manufacturing process more economical and environment friendly. Rise in demand for portable consumer electronics is also likely to a key factor augmenting the market. Batteries are used in portable electronic products as their power source. These batteries have lifespan of around two to five years. They need to be replaced with new batteries post their lifespan. The amount of spent batteries is rising with the increase in demand for portable electronic products. This, in turn, is boosting the demand for battery recycling. However, low end-user awareness about battery recycling is projected to hamper the market. Small-scale end-users of batteries dispose them in garbage dumps instead of giving them to recyclers. Governments and various organizations across the globe have taken steps to increase awareness about battery recycling among end-users in order to prevent batteries from ending up in landfills or garbage dumps.
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Lithium-ion Battery Chemistry and Electronic Appliances Spent Battery Source Segment Expected to Lead Global Battery Recycling Market
The battery recycling market can be segmented based on battery chemistry, spent battery source, and end-use. In terms of battery chemistry, the battery recycling market can be classified into lithium-ion, lead-acid, nickel-cadmium, and others. Lead-acid was the dominant segment, accounting for more than 45% share in terms of value in 2017. It is expected to continue its dominance during the forecast period. However, the lithium-ion battery chemistry segment is anticipated to expand at a fast pace during the forecast period. In terms of spent battery source, the battery recycling market can be segmented into automotive, electronic appliances, and others. Automotive was the dominant segment of the market in 2017. However, the electrical appliances segment is estimated to expand at a significant pace during the forecast period.
High Profitability from Recycled Products to Fuel Expansion of Extraction of Materials End-use Segment
Based on end-use, the battery recycling market can be divided into extraction of material; repackaging, reuse, & second life; and disposal. The extraction of material segment dominated the global battery recycling market with more than 45% share in 2017. This trend is projected to continue during the forecast period. Furthermore, the segment is likely to expand at a significant pace in the near future, primarily due to the high profitability of recycled products owing to their usage as raw materials in the manufacturing process of various other products. This lowers their cost of production.
Rise in Consumption of Batteries and Increase in Regulations in Asia Pacific Anticipated to Drive Battery Recycling Market
In terms of region, the battery recycling market can be split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe held the leading share (more than 40%) of the global battery recycling market in 2017. This can be ascribed to the implementation of stringent environmental regulations regarding battery recycling across the region. However, the market in Asia Pacific is expected to expand at a significant pace during the forecast period, primarily due to the presence of developing economies such as China and India, wherein the demand for batteries is rising rapidly. This, in turn, is propelling the demand for battery recycling.
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Battery Manufacturing Companies Dominate Battery Recycling Market
Key players operating in the battery recycling market are Battery Solutions LLC, Call2Recycle, Inc., Exide Technologies, Retriev Technologies, Inc., East Penn Manufacturing Company, EnerSys, G & P Batteries, Gravita India Ltd., Johnson Controls, Inc., and Umicore N.V. The battery manufacturing companies are entering the recycling market due to the availability of raw materials from recycled batteries, due to which they are gaining share in the market.
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Subsea Well Access System Market : Industry Outlook by 2027
Global Subsea Well Access System Market: Overview
The global subsea well access system market is primarily driven by plummeting production from the oil and gas reserves together with ageing offshore fields. A quick shift toward subsea regions is the emerging trend in oil and gas production sector, marking an important divergence from the usual methods of production. Some of the subsea environment exists in most unexplored and extremely remote parts of the earth. Working in such an environment renders intervention and monitoring extremely difficult. It poses some environmental issues and unique challenges for the workers and the companies alike.
Type and region are the two parameters based on which the global subsea well access system market has been segmented for better understanding of the market.
Global Subsea Well Access System Market: Notable Developments
One of the developments that characterize the changing course of the global subsea well access system market is as mentioned below:
In April 2016, leading oilfield services company, Schlumberger Limited, declared about its merger with Houston based Cameron International Corporation. The latter is a provider of equipment for the oil and gas industry. This merger amalgamated two technology portfolios and converted into a pore-to-pipeline services and products offering for the oil and gas industry across the globe. It is likely to offer a technology driven market growth for the merged company.
Some well-known organizations in the global subsea well access system market comprise the below-mentioned:
Halliburton Company
Weatherford International Limited
National Oil Well Verco Inc.
Baker Hughes Incorporated
Schlumberger Limited
GE Oil & Gas
Global Subsea Well Access System Market: Key Trends
The following drivers, opportunities, and restraints characterize the global subsea well access system market over the review period, from 2019 to 2027.
Expansion of the Drilling Activities and Maturing Offshore Reserves to Boost Market
The global subsea well access system market is likely to be influenced by increasing concern for safety and growing need for increased production from the reserves. In addition, expansion of the exploration activities in the oil and gas industry is also likely to add impetus to the global subsea well access system market. Rising offshore exploration and production together with drilling activities is likely to impact the market. It has also led to the increased demand for heavy intervention systems in the ageing subsea wells. This factor is prophesized to open up new opportunities for growth for the global subsea well access system market over the forecast tenure.
Safety measures and production efficiency can be improved with the use of subsea well access system. Based on product type, the market is divided into rig less and rig based well access systems. Rig based access system is extremely costly and finds use in heavy well intervention. Rig less well access system is cost effective and is utilized in medium and light well interventions.
Rig based system is sub-divided into landing string systems and completion workover riser. However, expensive and lengthy rig based well access system is likely to offer ample opportunities for high growth for rig less systems over the assessment tenure, from 2019 to 2027. Furthermore, increasing demand for energy is likely to necessitate use of offshore interventions, which is anticipated to boost the global subsea well access system market.
On the other hand, environmental issues pertaining to the use of the system are likely to impede the growth of the global subsea well access system market.
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Global Subsea Well Access System Market: Geographical Analysis
To offer comprehensive view of the global subsea well access system market, TMR experts have split the market on the basis of regions. Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America comprise the major regions of the market.
North America is likely to come up as a leading regional segment for the global subsea well access system market. Growth of the region in the market in the region is mainly due to maturing of the offshore oil fields in the Gulf of Mexico. Furthermore, recent shale discoveries in Mexico and Canada are expected to offer immense growth potential for the regional market over the assessment tenure.
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Smart Mining Market Growth and Forecast 2025
Transparency Market Research states that key players operating in the global smart mining market are likely to make significant investments in research and development. Market players are expected to focus on development and launch of new products, profitable partnerships, and consistent efforts toward expanding their product portfolio. Some of the leading companies in the global market are ABB Ltd., Atlas Copco, Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Joy Global Inc., and Komatsu Ltd. Analysts point to the fact that emerging economies, especially in Asia Pacific, are likely to offer several lucrative opportunities to these players in the foreseeable future.
According to the research report, the global smart mining market is likely to be worth US$ US$16.25 bn by the end of 2025 from US$6.80 bn in 2016, with a strong CAGR of 10.2%. Out of various equipment, the automated excavators are projected to lead the global market. Their improved safety has been identified as their unique selling point. Geographically, Asia Pacific has been estimated to stand out amongst all the other regional markets.
Improved Safety Measures Ups Demand for Smart Mining Equipment
The global smart mining market has been witnessing a soaring rise in the past few years as the demand for resources has remained high. Smart mining equipment has been developed for putting the concerns pertaining mining operations at ease. The global mining industry are tremendously benefitted with advent and uptake of Internet of Things. Automated excavators, load haul dumps, drillers and beakers, and robotic truck have made mining and exploration activities safer in remote locations. Usage of technology for mining has allowed mining companies to maximize their profits in recent years. The research report states that the demand for smart mining equipment will gain additional momentum as the need to optimize production is a pressing one. With improved commercial sales and profitability, the mining companies are expected to newer avenues to venture into.
Increasing focus on health and safety of machine operators has had a positive impact on the uptake of automated equipment. Furthermore, lack of skilled labor in the mining industry has also led leading mining companies to opt for smart mining equipment, which is a far more reliable option. Stringent and supportive government policies and environmental laws are all responsible for the growth of the global smart mining market. Furthermore, initiatives toward plant automation, incorporation of latest technologies, and investment toward better mining infrastructure are also projected to be the key growth drivers for the overall market.
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Availability of Cheap Labor to Challenge Smart Mining Market
On the other hand, the capital-intensive nature of the smart mining equipment is expected to tug the market in the opposite direction. Furthermore, lack of awareness about technologies in developing economies is also anticipated to hamper market growth. The abundance of cheap labor in the emerging economies of Asia Pacific has been identified as a challenge to the global smart mining market. However, discovery tougher terrains is expected to boost the demand for smart mining equipment in the near future.
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Petroleum Liquid Feedstock Market : Industry Outlook by 2027
Global Petroleum Liquid Feedstock Market: Overview
The global petroleum liquid feedstock market is likely to be fuelled by increased demand for the product itself from a wide range of industries. The economic stability of a nation is often exhibited through the growth of petrochemical industry and other products that are related to the industry like clothing, fertilizers, tires, detergents, and plastics. Furthermore, the expansion of the global petroleum liquid feedstock market is likely to be encouraged by substantial growth of the petrochemical industry over the assessment tenure, from 2019 to 2027.
Type, application and region are the parameters based on which the global market for petroleum liquid feedstock has been classified. Such classifications help in better understanding of the market.
Global Petroleum Liquid Feedstock Market: Notable Developments
Some of the notable developments pertaining to the global petroleum liquid feedstock market are:
Anadarko Petroleum and Chevron Corporation entered into an agreement in April this year. Following the acquisition it is expected that product portfolio of Chevron Corporation will become more diverse with better access to the global market. B Chevron Corporation being one of the leading producers of petroleum liquid feedstock, the market is likely to benefit from this strategic move.
A few of the reputed organizations functioning in the global petroleum liquid feedstock market are as mentioned below:
Chevron Corp.
Royal Dutch Shell Plc
Exxon Mobil Corp.
Saudi Arabian Oil Co
TOTAL SA
BP Plc
Global Petroleum Liquid Feedstock Market: Key Trends
The future course of the global petroleum liquid feedstock market is likely to be influence by the following factors of growth over the forecast period, from 2019 to 2027.
Market Demand to Grow Due to Rapid Expansion of the Oil and Gas Industry
The making of petrochemicals requires a massive amount of crude oil, gas, and its many derivatives. A case in point is in the year 2018, a large chunk of the chemicals that were used as petrochemical feedstocks were extracted from crude oil and gas. These extractions were mostly in the form of naphtha or ethane. Therefore, it could safely be projected that the global petroleum liquid feedstock market will expand, thanks to the rising demand for ethane and naphtha.
In present times, the refining and petrochemical and technologies are witnessing many innovations that would assist market players in obtaining optimal production target with minimal cost. Apart from increased efficiency, these innovative technologies also keep energy consumption to the minimum, better quality of finished products, and helps in the processing of unusual crude oil. For instance, advanced analysis and control technologies are increasingly being taken up by various refineries of petroleum to maximize output of the products.
In addition to the above-mentioned technological innovations in downstream, few other growth factors are likely to support the expansion of the global petroleum liquid feedstock market duirng the assessment tenure, from 2019 to 2027. Rapid expansion in the transportation industry, increased exploration activities in search of unconventional sources of petroleum, implementation of blockchain technology and internet of things in the oil and gas refineries are all likely to encourage market growth in foreseeable future.
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Global Petroleum Liquid Feedstock Market: Geographical Analysis
In an attempt to depict a comprehensive picture of the global petroleum liquid feedstock market, regional segments of the market are being made. The market is divided into the principal regions of Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America.
From the geographical standpoint, Asia Pacific is estimated to hold a large chunk of the global petroleum liquid feedstock market. It is expected that the region would grow rapidly owing to the high demand generated from oil and gas industry in China and India.
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Marine Engines Market Predicted to Rise at a Lucrative CAGR throughout 2024
Global Marine Engines Market: Overview
Marine engines are machines that supply power to several kinds of vessels, auxiliary equipment, generators, and propulsion systems central to maritime activities and vehicles. Different types of marine engines are available that serve different purposes of various marine vehicles and systems. Marine engines can be classified according to different criteria, including the type of propulsion system in use, the power range of the engine, fuel used to power the engine, and major applications.
This report on the global marine engines market provides users a proper understanding of all the crucial elements of the market and its present state. The report presents a 360-degree overview of the market and its major segments, its drivers, restraints, major trends influencing consumer choices, regulatory factors at play across major regional territories, technological and product advancements, and competitive landscape of the market.
The exhaustive market data included in the report has been gathered with the help of a number of research methodologies and narrowed-down to conform to the specific needs of business decision makers in the global marine engines market.
Global Marine Engines Market: Trends and Opportunities
Rise in the number of leisure marine travelers, vast expansion of the global seaborne transport industry, advent of technologically advanced and highly reliable engines, economic stability, and rising disposable incomes are the major factors that have driven the global marine engines market in the past few years.
Stringent government regulations regarding emissions from marine vessels, increased awareness among consumers about the need to adopt greener fuels, and depleting reserves of conventional fuels are likely to boost the growth of the market. The global marine engines market is expected to witness development of products that conform to the stringent regulatory norms about emission and work with greener fuels such as LNG and solar and wind power.
Nevertheless, the diesel marine engines segment is anticipated continue to dominate the global marine engines market. Major factors supporting the growth of this segment include easy availability of spare parts and repair networks and availability of trained personnel for repairing diesel engines across the globe. Steam engines have been phased out from several application areas. However, these will continue to dominate traditional and niche application areas such as LNG and coal carriers, icebreakers, and warships.
Global Marine Engines Market: Region-wise Overview
The global marine engines market has been examined from the point of view of the following key regional markets: Middle East & Africa, North America, South America, Europe, and Asia Pacific.
Asia Pacific is the largest market for marine engines due to the flourishing shipbuilding industry in countries such as South Korea, India, China, and Japan. Flourishing seaborne transport in the region will allow the region to sustain its leadership position in the global marine engines market during the forecast period.
Presence of some of the world’s largest manufacturers of marine engines in North America and Europe is likely to lead to an increase in investments in the marine engines market in these regions.
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Global Marine Engines Market: Competitive Landscape
Marine engine manufacturers are focusing on the design and development of fuel efficient and cleaner engines due to the stringent emission-related regulations laid down by major regions across the globe. Development of engines that will be powered by greener energy sources such as solar and wind power and LNG have gained increased focus in the past few years. Major companies operating in the global marine engines market are GM Powertrain, Caterpillar, Inc., Cummins Engines, Wartsila Corporation, and Rolls Royce.
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Electric Vehicle Traction Batteries Market : Industry Outlook by 2027
Electric Vehicle Traction Batteries Market: Low VOC Emitting Solvent
Traction batteries are primarily lead-acid batteries used to power the propulsion of battery electric vehicles (BEVs). Traction batteries are used for the propulsion of different types of BEVs such as forklifts, electric trolleys, and electric lifting equipment.
Electric vehicle traction batteries are being used as third generation replacements to chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), and perfluorocarbons (PFCs) due to their nearly zero stratospheric ozone depletion and relatively low global warming potential
Traction batteries are used in forklifts, electric golf carts, riding floor scrubbers, electric motorcycles, electric cars, trucks, vans, and other electric vehicles. Electric cars held the major share in the electric vehicle traction batteries market.
Key Drivers of Electric Vehicle Traction Batteries Market
Demand for electric vehicle traction batteries is rising due to the increase in usage of electric vehicles in the last few years. Electric vehicles are vivid symbols of the transformation toward a sustainable and ecologically-friendly society.
Increase in demand for electric vehicles is due to the many reasons. Conventional vehicles use fossil based fuels, which have negative effects on the environment and human life, thus unbalancing the ecological system.
The second obvious reason for the growing interest in EV from leading countries is politics. The difference in the political interests of major oil exporters and importers became the reason for the 1970s energy crisis and local wars, thus demonstrating that sustainable shock-free development should be based on new energy vehicles.
Rise in opportunities for China-based carmakers to produce EV traction batteries is another factor driving the market. The Government of China is investing in R&D to bring advancements in traction batteries for electric vehicles. Many car manufacturers such as Tesla, Toyota, and Renault are now launching electric vehicle models using traction batteries. This is estimated to drive the electric vehicle traction batteries market.
Low Global Warming Potential to Offer Attractive Opportunities
Global warming is one of the major environmental concerns in world. The primary cause of global warming is human activity that releases carbon into the atmosphere, by burning of fossil fuels. Electric vehicle traction batteries help overcome this issue. The ozone depletion potential of electric vehicle traction batteries is zero. This offers lucrative opportunities for the electric vehicles traction batteries market.
Stiff Competition from Counterparts to Hamper Market
Electric vehicle traction batteries face stiff competition from counterparts such as lithium ion batteries. Lithium ion batteries are used in electric vehicles. These batteries possess various advantages over lead-acid traction batteries.
Lead-acid batteries have shorter lifespan and require regular maintenance. Lithium batteries are much more expensive upfront, but are maintenance-free and have longer lifespan to match their higher price tag.
Thus, competition from lithium ion batteries is posing a threat to the electric vehicle traction batteries market
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Asia Pacific Expected to Hold Major Share of Global Electric Vehicle Traction Batteries Market
Geographically, demand for electric vehicle traction batteries can be split across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Asia Pacific is the leading consumer of electric vehicle traction batteries, followed by North America and Europe. Asia Pacific is expected to be the largest global electric vehicle traction batteries market in the near future due to the rise in demand for greener transportation along with several initiatives by private organizations as well as governments.
Countries such as China and India are also undertaking initiatives to attract major OEMs to manufacture electric vehicle traction batteries in the domestic markets. Increase in global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in the major cities has created significant demand for electric vehicle traction batteries. Furthermore, various government initiatives to protect the environment are encouraging the sale of electric vehicles. This is driving the electric vehicle traction batteries market in Asia Pacific.
Various leading players such as Tesla and Ford are launching different models of electric vehicles in North America. This is boosting the electric vehicle traction batteries market in the region. Infrastructure developments and industrialization in developed economies have opened new avenues, creating several opportunities for OEMs. Implementation of new technologies and establishment of new government regulations are driving the electric vehicle traction batteries market in this region.
The market in Middle East & Africa and Latin America is estimated to expand at a sluggish pace during the forecast period, as these regions have abundance reserves of oils to run conventional vehicles rather than electric ones
Key Players in Market
The electric vehicle batteries market is highly fragmented with companies focusing on integrating advanced technologies to improve their market share. Companies are offering a complete portfolio of the products, and are focusing on different business strategies to strengthen their position in the market. Key players operating in the electric vehicle traction batteries market include:
GS Yuasa International Ltd.
Panasonic
East Penn Manufacturing Co., Inc.
Hollingsworth & Vose
SAMSUNG SDI CO. LTD.
LG Chem Power Inc.
Others
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Water Testing and Analysis Market Growth and Forecast 2024
Global Water Testing and Analysis: Overview
Water testing and analysis entails several and varied types of tests carried out to measure various attributes of water to determine its utility in various industries. Properties of water such as its radioactivity, turbidity, conductivity, dissolved gas content, and pH are examined in water testing and analysis. Water testing and analysis is primarily performed to determine the usability of water in industries such as chemicals, food and beverage, pharmaceuticals, electronics, power, and wastewater treatment. These industries have different requirements from water testing and analysis services, leading to the availability of a diverse range of water testing and analysis services in the global market.
The report studies the key segments and driving and restraining factors acting upon the global water testing and analysis market. The impact of each influential factor is examined and the hierarchy of the market by each criterion is provided in the report. The competitive dynamics of the global water testing and analysis market are also described in the report, with major players operating in the market profiled with respect to their business and financial details.
The global water testing and analysis market is driven primarily by the rising demand for water of the appropriate grade in the industries mentioned above. The increasing awareness about the quality of water in industries that directly influence human health, such as food and beverage and pharmaceuticals, is a major factor driving the global water testing and analysis services market. Rising regulatory support for maintaining high standards in water quality in the industries mentioned above is also a beneficial factor boosting the global water testing and analysis market, as is the rising attention being paid to the effects of disposed wastewater on human, animal, and overall ecological health in the surroundings of the disposal site.
Global Water Testing and Analysis Market: Key Trends and Opportunities
The major opportunities for companies operating in the global water testing and analysis market arise in the form of the high unmet needs in the industries mentioned above, particularly in emerging economies. Despite the widespread water testing infrastructure and strict regulations put in place in developed countries, significant gaps still exist. The unmet need is even higher in developing countries, where regulatory support is often lacking in practice or sometimes even in theory. Capitalizing on these unmet needs remains a major opportunity for players operating in the global water testing and analysis market.
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Global Water Testing and Analysis Market: Regional Overview
Developed regions such as North America and Europe dominate the demand from the global water testing and analysis services market. The stringent water quality standards in these regions have forced players in several industry verticals to utilize water testing and analysis services, providing a strong boost to the market. North America is expected to remain the largest regional segment of the global water testing and analysis market, followed by Europe, during the forecast period.
Currently, developed countries are also major exporters of water testing and analysis technology to developing economies in regions such as Asia Pacific and the Middle East. In the near future, these regions are likely to become increasingly self-sufficient in matters of water testing and analysis. Aided by increasing government support, the market for water testing and analysis in Asia Pacific and Rest of the World is estimated to exhibit a strong CAGR in the near future.
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Inks Market Global Industry Analysis, Trends and Forecast, 2027
Global Inks Market: Key Highlights
The global inks market was valued at ~US$ 15.9 Bn in 2018, and is anticipated to expand at a CAGR of ~3% from 2019 to 2027. Rise in population and urbanization is fueling global trade, and subsequently, the use of packaging. Online trade is further increasing the need for packaging. Products are also being consumed immediately, which is driving the need for food service packaging and different sizes of packaging. Inks are primarily utilized for printing on flexible and rigid materials. Thus, the preference for inks for food and beverage packaging, labels, tags, and corrugated board packaging is estimated to propel the inks market.
Key Drivers of Inks Market
Literacy rate among the youth (aged 15 years to 24 years) is witnessing positive growth. Globally, the youth literacy rate increased from 83% to 91% over the last two decades, while the number of illiterate youth declined from 170 million to 115 million.
Rise in education is estimated to boost the global print media industry. Newspaper publishing constituted approximately 5% of the total publication market in 2018. Magazine publishing held an 8% share of the global print industry, and book publishing accounted for 4% market share. The use of inks on newspapers, books, and others is expected to rise at a rapid pace during the forecast period, as inks are used in books to create attractive images and for different text-related textures to attract the attention of readers.
Technological Advancements in Tattoo Removal to Offer Attractive Opportunities
Youths are significant end-users of tattoo inks. As their age increases, most people opt for the removal of tattoos. According to a report published by the American Academy for Dermatologic Surgery, in 2010, a total of 687,450 tattoos were removed in the U.S. However, tattoo removal is an expensive process.
Other methods of tattoo removal are also available in the market. However, most of them are painful and ineffective. These include dermabrasion and excision. They damage the skin and result in severe scarring. These methods are used in extreme cases, where laser surgery is not an option.
High VOC Emissions Associated with Solvent-based Inks to Hamper Global Inks Market
VOC emissions that take place during the use of inks pose a threat to the environment. Several countries have set guidelines restricting the amount of VOCs emitted during the usage of inks in industries, especially solvent-based inks.
Manufacturing operations are bound by regulations and rules with respect to the evaluation, registration, storage, usage, handling, and transportation of certain substances and their emissions, effluents, and other wastes. Violations of such regulations lead to legal obligations in future business activities.
The number of safety regulations have increased in order to avoid adverse health consequences resulting from inhaling toxic substances. This is likely to hamper inks market in the near future.
Asia Pacific Dominates Global Inks Market
Asia Pacific is expected to be a highly attractive market for inks during the forecast period. Dairy products in China will lead to the increased use of brick liquid cartons, with slim 250-ml cartons gaining popularity. Savory snacks and confectionaries drive the popularity of flexible plastic with small, affordable pack sizes among low-income consumers. The inks market in Asia Pacific is witnessing growth, as inks are employed to print details regarding products on their packaging.
Changing consumer lifestyles in developed countries and increasing disposable income are key drivers of the Europe inks market. Russia and Germany are major markets for rigid packaging in Europe. Rigid packaging protects the product from damage, and hence, is widely used.
Printing Type Held Major Share of Inks Market
Based on type, printing is expected to be a highly attractive segment of the global inks market during the forecast period. Rapid expansion of the printing segment offers immense potential for printing inks. Growth in the packaging industry is also boosting the printing inks segment, as printing inks are mostly used on packaging to convey information to customers regarding the product.
Oil-based Formulating Technology Held a Major Share of Inks Market
In terms of formulating technology, oil-based is anticipated to be a highly attractive segment of the global inks market during the forecast period. Oil-based inks are majorly used in lithographic printing inks and emit no VOCs, as they are made from vegetable and mineral oils.
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Top Three Players Accounted for Major Inks Market Share in 2018
Prominent players operating in the global inks market include Sun Chemicals, Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, and Huber Group.
Sun Chemicals is a leading producer of printing inks and pigments across the globe. The company operates as a subsidiary of Japan-based DIC Corporation Group. The company operates through two business segments: Inks & Pressroom Products and Pigment Products.
Flint Group primarily focuses on strengthening its footprint in emerging flexographic inks market. For instance, in June 2015, it launched Flint Group Africa, a joint venture with Africa-based Continental Printing Inks and Eagle Ink Systems.
In October 2017, Siegwerk Druckfarben AG & Co. KGaA started a new production facility for inkjet inks in Annemasse, France. It produces water-based printing inks and varnishes at the Annemasse site. The new production facility is expected to help the company boost the development of inkjet inks that are used in different printing processes for various applications.
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