#Ethanol Derivatives Market Outlook
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Global Ethanol Derivatives Market Is Estimated To Witness High Growth Owing To Increasing Demand For Biofuels
The global ethanol derivatives market is estimated to be valued at US$ 10.2 billion in 2022 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Ethanol derivatives are organic compounds derived from ethanol, which is primarily produced through the fermentation of sugar or starch obtained from various feedstocks such as corn, wheat, sugarcane, and others. These derivatives find wide applications in various industries such as pharmaceuticals, personal care, agriculture, automotive, and others. The key advantage of ethanol derivatives is their eco-friendly nature and the ability to reduce greenhouse gas emissions. With the increasing focus on reducing dependence on fossil fuels and decreasing carbon footprints, the demand for biofuels, including ethanol derivatives, has witnessed significant growth.
Market Key Trends:
One key trend driving the global ethanol derivatives market is the increasing demand for biofuels. Biofuels, including ethanol, are considered a viable alternative to fossil fuels due to their lower greenhouse gas emissions and renewable nature. Governments across the world are implementing policies and regulations to promote the use of biofuels in order to achieve their climate change goals. For instance, the Renewable Fuel Standard (RFS) in the United States mandates the blending of biofuels, including ethanol, with gasoline. This has led to a surge in demand for ethanol and its derivatives in the country.
PEST Analysis:
- Political: Governments worldwide are promoting the use of biofuels to reduce greenhouse gas emissions and achieve energy security. This is driving the demand for ethanol derivatives.
- Economic: The increasing focus on reducing dependence on fossil fuels and transitioning towards renewable energy sources is creating lucrative opportunities for the ethanol derivatives market.
- Social: The growing awareness about the environmental impact of fossil fuels and the need to reduce carbon footprints is driving the demand for biofuels, including ethanol derivatives.
- Technological: Advancements in production technologies have made the manufacturing of ethanol derivatives more efficient and cost-effective, further driving market growth.
Key Takeaways:
- The Global Ethanol Derivatives Market Size is expected to witness high growth, exhibiting a CAGR of 5.5% over the forecast period, due to increasing demand for biofuels.
- North America is projected to be the fastest-growing and dominating region in the ethanol derivatives market. This can be attributed to the strict regulations promoting the use of biofuels and the presence of key market players in the region.
- Key players operating in the global ethanol derivatives market include Archer Daniels Midland Company, Green Plains Inc., POET LLC, Valero Energy Corporation, Cargill, Incorporated, Pacific Ethanol Inc., Flint Hills Resources, The Andersons, Inc., Greenfield Global, and LyondellBasell Industries N.V.
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PPE: A Crucial Line of Defense for Worker Safety
Personal Protective Equipment Market is projected to achieve a value of USD 80,042.6 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 137,877.6 Million by 2033 with a CAGR of 6.7% during the forecast period 2023-2033. Research analysts use quantitative as well as qualitative analytical techniques to provide users, business owners, and industry professionals with accurate and actionable data.
The report includes an executive summary, global economic outlook, and overview sections which provide a consistent analysis of the Personal Protective Equipment market. Additionally, the report in the Market Overview section outlines PLC analysis and PESTLE analysis to provide a thorough analysis of the market. The overview section details Porter's five forces analysis which helps to reveal a possible scenario of the market by disclosing a competitive scenario with respect to the Personal Protective Equipment Market.
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Key companies profiled in this research study are:
Honeywell International Inc.
Lakeland Industries Inc.
DuPont; 3M
Ansell Ltd.
Avon Rubber plc
COFRA S.r.l.
FallTech; Alpha Pro Tech Limited
Mine Safety Appliances (MSA) Company
Lindstrom Group
Mallcom (India) Ltd
Radians, Inc.
Polison Corp.
Delta Plus Group.
Personal Protective Equipment Market Segmentation:
By Product
Head Protection
Eye Protection
Face Protection
Hearing Protection
Protective Clothing
Heat & flame protection
Chemical defending
Clean room clothing
Mechanical protective clothing
Limited general use
Others
Respiratory Protection
Air-purifying respirator
Supplied air respirators
Protective Footwear
Leather
Rubber
PVC
Polyurethane
Others
Fall Protection
Soft Goods
Hard Goods
Others
Hand Protection
Disposable
Durable
Others
By Application
Construction
Manufacturing
Oil & Gas
Chemicals
Food
Pharmaceuticals
Healthcare
Transportation
Mining
Others
Market Concentration & Characteristics:
In order to obtain a competitive edge in the market, the industry focusses on research and development efforts to create innovative technologies for product manufacturing and integration across many value chain stages. The companies typically employ strategies such as product creation, distribution network expansion, and portfolio expansion.
Developing demand in wealthy economies like North America and Western Europe is for PPE to be manufactured under contract, based on distributor specifications. It is anticipated that factors like enhanced technical assistance and growing consumer awareness of product price-performance ratios will increase demand for private labels.
Personal Protective Equipment (PPE) Market Trends:
The industrial head protection market is mounting as a result of the continued trend of employing environmentally friendly materials to preserve environmental safety. In order to produce safety helmets, companies are acquiring environmentally friendly raw resources like fossil fuels and utilizing technology inventions to increase demand for their products.
For example, MSA provides V-Gard GREEN Hard Hat, which is 95% bio-based and USDA Certified Bio-based. Green High-Density Polyethylene (GHDPE), a biopolymer primarily derived from ethanol derived from sugarcane, is used in the production of these helmets. The product has the potential to lower atmospheric CO2 levels and reduce carbon emissions related to the production of GHDPE.
The leading players of the Personal Protective Equipment industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Personal Protective Equipment players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.
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Finally, Personal Protective Equipment Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report provides locales, economic conditions, item values, benefits, limits, creations, supplies, requests, market development rates, and numbers, etc. Personal Protective Equipment Industry Report Announces Additional New Task SWOT Examination, Speculation Achievement Investigation and Venture Return Investigation.
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Biofuel Lubricity Improvers Market Size, Share, Trends, Growth Opportunities and Competitive Outlook
Biofuel Lubricity Improvers Market report is an important manuscript for every market enthusiast, policymaker, investor, and market player. The market research and analysis conducted in this report assists clients in forecasting the investment in an emerging market, growth of market share or success of a new product. In addition, this business report endows with a delegate overview of the market where it identifies industry trends, determines brand awareness, potency and insights and provides competitive intelligence. Report contains strong and weak points of the competitors and analysis of their strategies with respect to product and industry. Biofuel Lubricity Improvers Market is the most established tool and hence used widely to generate market research report.
With the complete understanding of business environment that is best suitable for the requirements of the client, Biofuel Lubricity Improvers Market business report has been generated. Businesses can also achieve insights into profit growth and sustainability programs with this market report. Market drivers and market restraints explained in this report gives idea about the rise or fall in the consumer demand for the particular product depending on several factors. This market document contains all the company profiles of the major players and brands. Each of the topics is properly elaborated with the in-depth research and analysis for generating an absolute Biofuel Lubricity Improvers Market survey report.
Data Bridge Market Research analyses that the biofuel lubricity improvers market will witness a CAGR of 6.4% for the forecast period of 2022-2029 and is likely to reach at USD 1415.6 million by 2029.
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Biodiesel is an alternate fuel derived from the transesterification of vegetable oils or animal fats, possesses inherent lubricity. It's additionally been usually accepted that biodiesel will restore lubricity to low-sulfur diesel fuels at mix levels of 1-2% biodiesel in petrodiesel fuel.
Some of the major players operating in the biofuel lubricity improvers market report are Biofuels Digest, Neste Netherlands B.V., Infinita Renovables SA, Marseglia Group, Glencore, Louis Dreyfus Holding B.V., Renewable Energy Group, Inc., RB FUELS, Ag Processing, Inc., Elevance, Marathon Petroleum Corporation, Evergreen Bio Fuels, Minnesota Soybean Processors, Caramuru., ENF Ltd., Hebei Jingu, Hebei Jingu, Shandong Jinjiang, Valero Marketing and Supply Company, Green Plains Inc., Flint Hills Resources, Abengoa Bioenergy, Pacific Ethanol, Inc., CropEnergies AG, Raízen, The Andersons, Inc. and BTG International Ltd among other.
Biofuel Lubricity Improvers Key Benefits over Global Competitors:
The report provides a qualitative and quantitative analysis of the Biofuel Lubricity Improvers Market trends, forecasts, and market size to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Contents: Biofuel Lubricity Improvers Market
1 Introduction
2 Global Biofuel Lubricity Improvers Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Biofuel Lubricity Improvers Market, by Product Type
7 Biofuel Lubricity Improvers Market, by Modality
8 Biofuel Lubricity Improvers Market, by Type
9 Biofuel Lubricity Improvers Market, by Mode
10 Biofuel Lubricity Improvers Market, by End User
12 Biofuel Lubricity Improvers Market, by Geography
12 Biofuel Lubricity Improvers Market, Company Landscape
13 Swot Analysis
14 Company Profiles
Critical Insights Related to the Biofuel Lubricity Improvers Included in the Report:
Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
Value chain analysis of prominent players in the market
Current trends influencing the dynamics of this market across various geographies
Recent mergers, acquisitions, collaborations, and partnerships
Revenue growth of this industry over the forecast period
Marketing strategy study and growth trends
Growth-driven factor analysis
Emerging recess segments and region-wise market
An empirical evaluation of the curve of this market
Ancient, Present, and Probable scope of the market from both prospect value and volume
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Assessing the Impact of COVID-19 on the Industrial Alcohol Market: Current Scenario and Future Outlook
Industrial alcohol, also known as denatured alcohol or denatured ethanol, refers to ethanol that is rendered undrinkable by adding toxic or unpleasant chemicals. It is commonly used as fuel for heaters, stoves and fireplaces. Industrial alcohol finds wide applications in the production of fuels, solvents, disinfectants and more. The rising demand for biofuels provides a huge opportunity for industrial alcohol manufacturers. Ethanol is a popular biofuel used to reduce dependency on fossil fuels. Blending ethanol into gasoline reduces emissions and improves air quality.
The global Industrial Alcohol Market is estimated to be valued at US$ 180.75 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The growing concern towards environmental pollution and climate change has pushed several governments to promote the usage of green fuels. Many countries have mandated fuel blending targets requiring a certain percentage of gasoline and diesel to be replaced by biofuels annually. Ethanol derived from sugarcane and corn is one of the most widely used biofuels globally. Strong policy support for biofuels development is expected to drive the demand for industrial alcohol substantially in the coming years. Countries are offering incentives and subsidies to industrial alcohol manufacturers to increase ethanol production capacity. This presents a huge opportunity for industrial alcohol producers to cater to the rising needs of fuel companies and expand their production facilities for green fuels. Investments in advanced technologies to produce cellulosic ethanol from agricultural residues and wood will further augment the industrial alcohol market growth over the next decade.
Porter's Analysis
Threat of new entrants: The threat of new entrants in the industrial alcohol market is moderate. High capital requirements and established distribution channels are some barriers for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. Buyers can negotiate on price and purchase in bulk.
Bargaining power of suppliers: Suppliers have moderate power as raw materials like molasses, corn and other sources are widely available. Suppliers can exercise their power in terms of pricing and quality standards.
Threat of new substitutes: Threat from substitutes is moderate as industrial alcohol has diverse applications in chemicals, personal care and pharmaceuticals which are difficult to substitute.
Competitive rivalry: Competition in the market is high owing to presence of global players. Players compete on pricing, product innovation and expanding applications.
SWOT Analysis
Strengths: Industrial alcohol has wide applications in various end use industries. It is cost effective to produce and has substitutes over conventional fuels.
Weaknesses: Heavy dependency on agricultural commodities prices volatility. Stringent regulations regarding production and quality standards.
Opportunities: Growing personal care and chemical industry boosts demand. Alternate production sources like cellulosic help reduce raw material dependency.
Threats: Rising crude oil prices and development of biofuels pose threat. Vulnerable to climate change impacting agri commodity prices.
Key Takeaways
The global industrial alcohol market is expected to witness high growth during the forecast period of 2023-2030. The market size for 2024 is estimated to be US$ 180.75 Bn registering a CAGR of around 10%. Growth will be driven by expanding end use industries and focus on sustainable fuels.
Regional analysis - North America dominates the global industrial alcohol market currently owing to high demand from chemical industry in the US. Asia Pacific is expected to be the fastest growing market during the forecast period led by China, India and other Southeast Asian countries. Growing pharmaceutical sector and manufacturing activities support market expansion in the region.
Key players - Key players operating in the industrial alcohol market are BASF SE, BIRLA SUGAR, CARGILL INCORPORATED., CRISTALCO, FLINT HILLS RESOURCES, GREEN PLAINS INC., GREENFIELD SPECIALTY, MGP INGREDIENTS INC., SIGMA ALDRICH, and THE ANDERSONS INC. Players focus on capacity expansion, new product launches and partnerships to strengthen market presence.
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Gasoline's Journey: Market Trends and Future Outlook
Gasoline, a vital transportation fuel for automobiles, is matched in usage within internal combustion engines (ICE) only by diesel fuel, which dominates the commercial vehicle sector. It is also employed as an aviation fuel for propeller aircraft and finds applications in recreational vehicles and certain marine vessels. Predominantly utilized as a fuel for spark-ignited internal combustion engines, gasoline is primarily composed of organic compounds derived from fractional oil refining. To enhance fuel performance, various additives are incorporated, and to mitigate pollution from fuel combustion, gasoline is blended with ethanol.
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Scope and Structure of the Market Analysis:
Market Size for the Years: 2020–2030
Base Year: 2020
Forecast Period: 2021–2030
Forecast Unit: Value (USD)
Segments Covered: End User, Region
Regions Covered: North America, Europe, Asia-Pacific, LAMEA
Notable Companies: Chevron Corporation, Exxon Mobil Corporation, PetroChina Company Limited, Qatar Petroleum, Reliance Industries Ltd.
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Impact of COVID-19:
The COVID-19 outbreak coincided with an already challenged oil market, exerting additional pressure on oil prices. The virus has raised concerns about potential business disruptions and economic impact. Reduced construction, tourism, entertainment, and factory closures in China have major implications. While the outbreak's containment could lead to optimistic oil price trends, the industry could face initial downward pressure due to ongoing uncertainties, potentially followed by OPEC production cuts and rising prices. The scale and interconnectedness of the outbreak compared to SARS in 2003 amplify its potential impact, especially given the substantial growth in Chinese trade and production over the years.
Key Influencing Factors:
Rising global population, increased vehicle numbers, and the accessibility of gasoline contribute to its prominence as a fuel.
However, the push for cleaner energy sources to curb carbon emissions may hinder market growth.
The transportation segment is expected to dominate the gasoline fuel market, with opportunities emerging from the use of portable gasoline generators in homes and events.
Market Trends:
Global Gasoline Exports: In 2019, China's increased gasoline exports to Mexico and Nigeria reflected growing demand amid new production trends.
Vehicle-Focused Consumption: Gasoline's primary role as a vehicle fuel has driven its growth, with global gasoline consumption reaching 24,324 thousand barrels per day in 2019.
Continued Growth: Europe, the Middle East, Africa, and Asia-Pacific regions have experienced substantial gasoline consumption growth due to industrialization and increased vehicle numbers.
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Key Market Segments:
End User: Transportation, Power Generation, Others
Region: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (India, China, Japan, Korea, Rest of Asia-Pacific), LAMEA (South Africa, Brazil, Saudi Arabia, Rest of LAMEA)
Report Benefits:
This comprehensive report offers an analytical depiction of the gasoline as a fuel industry, highlighting current trends and future investment opportunities.
It provides insights into key drivers, restraints, and opportunities, along with detailed market share analysis.
The report quantifies the market's growth scenario from 2020 to 2030, utilizing Porter's five forces analysis to assess buyer and supplier dynamics.
It presents a detailed competitive analysis, shaping the competition's trajectory in the years ahead.
Market Report Highlights:
End User Segmentation: Transportation, Power Generation, Others
Regional Analysis: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (India, China, Japan, Korea, Rest of Asia-Pacific), LAMEA (South Africa, Brazil, Saudi Arabia, Rest of LAMEA)
Key Market Players: Qatar Petroleum, Chevron Corporation, Reliance Industries Ltd., PetroChina Company Limited, Exxon Mobil Corporation
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Ethanol To Jet Fuel (ETJ) Processing Technology Market Size and Growth Analysis with Trends, Key players & Outlook to 2030
The latest market report published by Credence Research, Inc. “Global Ethanol To Jet Fuel (ETJ) Processing Technology Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global ethanol-to-jet fuel etc, processing technology has witnessed steady growth in recent years and is expected to continue growing at a CAGR of XX% between 2023 and 2030. The market was valued at USD XX billion in 2022 and is expected to reach USD XX billion in 2030.
Ethanol To Jet Fuel (ETJ) Processing Technology refers to the technology and processes used to convert ethanol, a biofuel primarily produced from renewable sources like corn, sugarcane, or cellulosic biomass, into jet fuel. The goal of ETJ processing technology is to produce a sustainable and renewable alternative to traditional aviation fuels derived from fossil sources such as crude oil. The ETJ processing technology market involves various companies and research institutions working on developing and commercializing processes for converting ethanol into aviation-grade jet fuel.
Here are some key opportunities in the ETJ processing technology market:
Growing Demand for Sustainable Aviation Fuels: The aviation industry is under increasing pressure to reduce its carbon footprint. Governments, airlines, and environmental organizations are all pushing for the adoption of SAFs. ETJ is a promising option due to its potential to produce SAFs from renewable ethanol sources.
Policy Support and Incentives: Many governments around the world are implementing policies and incentives to promote the production and use of SAFs. These policies can include tax credits, subsidies, and mandates for SAF blending in aviation fuel. ETJ technology providers can benefit from these supportive policies.
Partnerships and Collaborations: Collaborations between technology developers, airlines, and ethanol producers can accelerate the commercialization of ETJ processing technology. Such partnerships can help share the risks and resources required for scaling up production.
Reduced Carbon Intensity Standards: Airlines and governments are setting targets to reduce the carbon intensity of aviation fuels. ETJ technologies have the potential to meet these standards, making them attractive for long-term investment.
Some of the major players in the market and their market share are as follows:
Honeywell
AltAir Fuels
Amyris Inc
Biojet Fuel Corporation
Biothermica S.A.
Fulcrum BioEnergy Inc.
Gevo Inc.
Ginkgo BioWorks
Infinity Clean Energy LLC
Browse 238 pages report Ethanol To Jet Fuel (Etj) Processing Technology Market By Feedstock (Sugar cane, Corn, Other agricultural waste) By Technology (Fermentation, Distillation, Hydro-Processing)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030 - https://www.credenceresearch.com/report/ethanol-to-jet-fuel-etj-processing-technology-market
Key Segments
By Feedstock
Sugar cane
Corn
Other agricultural waste
By Technology
Fermentation
Distillation
Hydro-Processing
By Application
Commercial Aviation
General aviation
Military aviation
These market dynamics include:
Environmental Regulations and Concerns: Increasing concerns about climate change and greenhouse gas emissions have led to stricter environmental regulations in the aviation industry. ETJ technology is driven by the need to reduce the carbon footprint of aviation, making it an attractive option for airlines seeking to comply with these regulations.
Volatility in Crude Oil Prices: The price volatility of crude oil can significantly affect the competitiveness of ETJ technology. When oil prices are high, alternative fuels like ETJ become more economically viable, encouraging investment and adoption.
Government Policies and Incentives: Government support in the form of subsidies, tax credits, and research grants can have a significant impact on the development and deployment of ETJ technology. Policies that promote the use of sustainable aviation fuels can drive market growth.
Technological Advancements: Advances in ETJ processing technology can lead to increased efficiency and reduced production costs. As the technology improves, it becomes more attractive to both investors and the aviation industry.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global Ethanol To Jet Fuel (ETJ) Processing Technology Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global Ethanol To Jet Fuel (ETJ) Processing Technology Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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The Corn Market: Dynamics, Influencing Factors, and Future Outlook
The Corn Market has witnessed substantial growth, reaching a remarkable volume and demand of 1,170.55 million tons in 2022. With a projected compound annual growth rate (CAGR) of 1.1% during the forecast period of 2023-2028, the corn market continues to display promising potential. This growth can be attributed to several factors, including population growth, changing dietary preferences, expanding livestock industries, and the increasing demand for biofuels. As one of the most widely cultivated and versatile cereal grains, corn plays a crucial role in meeting the food, feed, and industrial needs of a rapidly evolving global economy.
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Introduction to the Corn Market
Definition and importance of corn:
Corn, also known as maize, is a cereal grain widely cultivated and consumed around the world. It is a staple crop in many countries and plays a vital role in food security and agricultural economies. Corn is versatile and used for various purposes, including human consumption, livestock feed, ethanol production, and industrial applications.
Overview of the global corn market:
The global corn market encompasses the production, trade, and consumption of corn on a global scale. It involves various stakeholders, including farmers, traders, processors, and end-users. The market is influenced by factors such as supply and demand dynamics, weather conditions, government policies, and international trade patterns.
Significance of the corn market in agriculture and various industries:
The corn market holds significant importance in agriculture and various industries due to its wide range of applications. In agriculture, corn serves as a source of income for farmers and contributes to rural development. It also supports the livestock industry as a primary feed ingredient. Additionally, corn plays a crucial role in the production of ethanol, a renewable biofuel, and serves as a raw material for food, beverage, and industrial manufacturing sectors.
Factors Influencing the Corn Market
Supply factors:
Global corn production and acreage:
The level of corn production and the total acreage dedicated to corn cultivation impact the overall supply in the market. Factors affecting production include agricultural practices, technological advancements, availability of land, and shifts in crop rotation patterns.
Weather conditions and natural disasters:
Weather events such as droughts, floods, heatwaves, and hurricanes can significantly affect corn crops. Adverse weather conditions can lead to reduced yields, crop damage, and supply disruptions, resulting in price fluctuations.
Technological advancements in farming practices:
Innovations in agricultural technology, such as improved seeds, precision farming techniques, and mechanization, can increase productivity and yield potential. These advancements influence the overall supply of corn by enabling farmers to optimize production and mitigate risks.
Demand factors:
Population growth and changing dietary preferences:
The growing global population and changing dietary preferences, particularly in emerging economies, impact the demand for corn as a food staple. Increasing urbanization, income levels, and a shift towards more processed foods contribute to the rising demand for corn and its derived products.
Feed and livestock industry demand:
The livestock sector is a major consumer of corn, utilizing it as a primary feed ingredient. The demand for meat and animal products, influenced by factors such as population growth, income levels, and dietary trends, directly impacts the demand for corn.
Ethanol production and biofuel policies:
Government policies promoting biofuels, such as ethanol, have a significant impact on corn demand. The use of corn for ethanol production is influenced by energy policies, environmental concerns, and the availability of alternative feedstocks. Biofuel mandates and subsidies can drive increased corn demand for ethanol production.
International trade and export/import dynamics:
The corn market is influenced by global trade patterns and policies. Importing and exporting countries, trade agreements, tariffs, and transportation costs play a crucial role in shaping the demand and supply dynamics of the corn market.
Price Determinants and Fluctuations
Market fundamentals:
Supply-demand balance:
The interaction between corn supply and demand establishes the fundamental basis for price determination. If supply exceeds demand, prices tend to decline, while a supply shortage relative to demand can lead to price increases.
Inventory levels and carryover stocks:
The levels of corn inventories, including carryover stocks from previous seasons, impact price stability and market expectations. Sufficient stocks can buffer supply shocks and mitigate price volatility, while low inventories or stockpiling can lead to price spikes.
Speculation and financial market influences:
Commodity futures trading:
Speculators, including hedge funds and other financial investors, engage in trading corn futures contracts. Their activity can influence short-term price movements, as they take positions based on their expectations of future market conditions.
Role of hedge funds and institutional investors:
Large institutional investors and hedge funds can impact the corn market through their investment strategies and market participation. Their trading decisions and allocation of capital can contribute to price fluctuations, particularly in futures and derivative markets.
Government policies and subsidies:
Agricultural subsidies and support programs:
Government policies, including subsidies, direct payments, and crop insurance programs, can affect corn production and prices. Subsidies provide financial incentives to farmers, influencing planting decisions and overall market supply.
Trade policies and tariffs:
Import and export policies, including tariffs and trade restrictions, imposed by governments can impact corn prices. Trade barriers can limit access to markets and influence supply-demand dynamics.
Major Corn-producing countries:
United States:
The United States is the largest producer and exporter of corn globally. Its corn market is influenced by factors such as weather conditions, government support programs, technological advancements, and domestic and international demand.
Brazil:
Brazil is a significant player in the corn market, with expanding production and increasing exports. The country's corn market is driven by factors such as favorable climatic conditions, agricultural expansion, and its position as a major global supplier.
China:
China is both a major producer and consumer of corn. The country's corn market is influenced by government policies, including stockpiling programs and feed industry demand.
Argentina:
Argentina is a significant corn producer and exporter, with its market influenced by factors such as weather conditions, government policies, and export competitiveness.
Major Key Players of Corn Industry:
Archer Daniels Midland Company (ADM):
ADM is a global agricultural processor and food ingredient provider. It is one of the largest players in the corn market, involved in the production, processing, and distribution of corn and its derivatives. ADM operates a vast network of processing facilities and transportation infrastructure, allowing them to efficiently handle corn sourcing, processing, and distribution on a global scale. They offer a wide range of corn-based products, including corn oil, starches, sweeteners, and ethanol. ADM's expertise in agricultural commodities, extensive supply chain capabilities, and strong market presence make them a key player in the global corn market.
Cargill, Incorporated:
Cargill is a multinational corporation involved in the trading, processing, and distribution of agricultural commodities, including corn. With a strong global presence, Cargill plays a significant role in the corn market through its sourcing, processing, and marketing activities. The company operates corn processing plants and offers a range of corn-based products for food, animal feed, and industrial applications. Cargill's expertise in risk management, supply chain management, and innovation positions them as a major player in the global corn market.
Bunge Limited:
Bunge is a leading global agribusiness and food company involved in the production, processing, and distribution of corn and other agricultural commodities. In the corn market, Bunge engages in sourcing, trading, and processing corn into various products, including animal feed, food ingredients, and ethanol. The company operates a vast network of processing facilities, storage terminals, and transportation infrastructure, enabling them to efficiently serve customers worldwide. Bunge's strong presence in key corn-producing regions and their expertise in commodity trading and processing make them a key player in the global corn market.
Syngenta AG:
Syngenta is a global agriculture company that specializes in seeds, crop protection products, and agricultural technologies. While not primarily focused on corn production, Syngenta plays a vital role in the corn market through its development and sale of corn seeds and traits. The company invests in research and development to improve corn varieties, enhance yield potential, and provide solutions for pest and disease management. Syngenta's innovation in corn genetics and biotechnology contributes to the advancement and productivity of the corn industry globally.
Corteva Agriscience:
Corteva Agriscience is a leading global agricultural company that focuses on providing innovative solutions for farmers. As a key player in the corn market, Corteva offers a wide range of corn seeds, traits, and crop protection products. The company invests in research and development to develop high-performing corn hybrids that help farmers maximize yield potential and address challenges such as pests, diseases, and environmental conditions. Corteva's commitment to sustainable agriculture and their expertise in seed genetics and crop protection technologies position them as a significant contributor to the global corn market.
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Unlocking the Potential of Industrial Enzymes: Key Trends and Growth Prospects in the Industrial Enzymes Market
Enzymes are biological catalysts for maintaining all living things, including humans and microbes. Proteins are the building blocks of enzymes, which have evolved over millions of years to carry out highly particular biochemical tasks. While some enzymes are in charge of altering or breaking down chemical components, others are in charge of building them up.
Get More details Industrial Enzymes Market Status and Outlook
Chemical bonds are broken during these reactions. Enzymes serve as catalysts since they make these reactions happen considerably quicker. Industrialists were the first to realize and use enzymes' vast potential applications.
Certain enzymes are still taken out of plant or animal cells. Proteolytic enzymes like bromelain, papain, and ficin, and certain other specialized enzymes like soybean lipoxygenase, are examples of commercial enzymes produced from plants. Enzymes like rennin and pepsin are examples of proteinases that come from animals. But most enzymes are made by microbes in submerged cultures in huge reactors called fermenters.
Multifunctional enzymes catalyze at successive metabolic pathway stages where the same polypeptide chain is present. In the world of food additives, food enzymes such as cellulase, amylase, pectinase, xylanase, protease, glucosyltransferase, lipase, arabinanase, chymosin, polygalacturonase, and beta-glucanase have become crucial.
Because fewer non-renewable resources are available, there is a greater need for and importance of producing bioethanol, which does not influence the environment. In countries with extra agricultural capacity, biomass-derived ethanol can be used as a replacement, extender, or octane booster for conventional motor fuels, including gasoline, diesel, and kerosene.
To prevent pollution, poisonous oxygenates in petroleum fuels can also be replaced with biofuels. Biofuels can also be used to produce a variety of goods, including biodiesel and biogas. These reasons are causing the need for industrial enzymes to increase along with the soaring demand for bioethanol.
Environmental factors have a significant impact on how enzymes function. The reaction rate is substantially reduced when the temperature drops, and thermal agitation renders the food enzyme inactive. The activity of the food enzyme is also decreased when the pH is changed outside of its operating range, which might eventually result in irreversible denaturation.
There remains a long way to go before using enzymes in all food and beverage manufacturing processes, despite the food enzyme industry's best efforts to create enzymes that can function in a temperature range and pH range.
#Industrial Enzymes Market#Industrial Enzymes Market Size#Industrial Enzymes Market Share#Industrial Enzymes Market Growth#Industrial Enzymes Market Outlook
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2-Iodophenol Market Key Players, Industry Overview, Supply Chain, Analysis to 2031
According to latest research, the 2-Iodophenol market is expected to register a CAGR of over 5-7% during the forecast period 2021-2031. Major factors driving the market are increasing demand from manufacturing, medical & pharmaceuticals, home care and automotive industry.
However, high product cost and unfavourable supply side conditions arising due to the COVID-19 outbreak are the major factors hindering the growth of the market in the terms of production.
What is Driving Demand for 2-Iodophenol?
Phenolic compounds used as antiseptics or disinfectants, which include pure phenol and substitution products with halogens and alkyl groups. They act to denature and coagulate proteins and are general protoplasmic poisons.
Demand of 2-Iodophenol witnessed a spike in the in year 2020 as the global pandemic surged across the world. The demand for domestic and commercial disinfectant products witnessed major growth and is projected to continue its growth in near future. Increasing awareness and preference for hygiene products in regular usage is expected to enable market growth. Thus the demand for home care products would be a significant factor is the growth of 2-Iodophenol market.
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Demand & Role of 2-Iodophenol:
The 2-Iodophenol exists in the form of colourless needle-like crystal which is sensitive to light. It is slightly soluble in water and soluble in ethanol, ether and other organic solvents.
In addition, it is incompatible with strong oxidizing agents. This chemical is used as a disinfectant or organic synthesis intermediate. 2-Iodophenol can cause harm through inhalation, coming in contact with skin or if swallowed. It is irritating to eyes and respiratory system and skin.
2-Iodophenol is a halophenol with antifungal activity. This product is used as a catalyst in the synthesis of 1,3,5-substituted benzenes. It is also used as additive tracers for resist plasma etching. Among all of these, the healthcare & pharmaceutical sector is projected to be the major segment that would augment market demand for this product during the forecast period.
Asia Pacific Demand Market Outlook for 2-Iodophenol:
Asia Pacific has the largest market share for the estimated period as China has emerged to be the largest consumer and producer of phenol and its derivatives in the world, and is considered to be the major driving factor in the Asia Pacific region. Asia Pacific enjoys the leading position in the market on account of the increasing production and consumption of phenol in China.
China is a major market player in chemical & pharmaceutical industry and captures the major market. Besides this, a rise in the purchasing power of the consumers has escalated investments in the chemical, automotive and construction industries, thereby fueling the market growth. The pandemic outbreak has worked as the catalyst for this market.
Apart from China, demand is also being witnessed from other fast growing economies in the region such as India and ASEAN countries. Increasing economic development, healthcare spending and favorable policy environment are the key factors that would drive demand for this product in these regions of Asia Pacific.
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Europe Demand Outlook for 2-Iodophenol:
Europe is witnessing steady growth in the market. The global pandemic has majorly affected the region hence the demand increased suddenly and this will continue to grow in forecast period.
Extensive usage in medical and pharmaceuticals sectors will promote the growth of the market in upcoming years. Phenol and its derivative products is a widely used chemical solvent used in numerous places, including chemistry, biology, and medical laboratories to household products.
Who are the Key Manufacturers and Suppliers of 2-Iodophenol?
The market is moderately consolidated in nature, with the top players accounting for a major share of the market. Some of the key companies in the market include
Sarex Overseas
Spec-Chem products Inc
Kingreat company Ltd
Sancai Industry
Daming Changda Co Ltd
Xiamen Equation Chemical Co Ltd
Autech Industry Co ltd
Fintech Industry Ltd
Skyrun Industrial Co Ltd
Spartan Chemical Company
Decon labs
Yudong technologies.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
2-Iodophenol Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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Key Segments
By Application:
Home care
Medical & Pharmaceuticals
Others
By Region:
North America
U.S.
Canada
Latin America
Mexico
Brazil
Rest of Latin America
Europe
Germany
Italy
France
U.K
Spain
BENELUX
Russia
Rest of Europe
South Asia
India
ASEAN
Australia & New Zealand
East Asia
China
Japan
South Korea
Middle East and Africa
GCC Countries
Turkey
S. Africa
Northern Africa
Rest of MEA
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Biodiesel Market Trends & Research Insights by 2030, Latest Study by MRFR
Biodiesel is a renewable feedstock manufactured from transesterification. It is used as a replacement fuel for petrol or diesel and mixed in equal proportion in vehicles. Biodiesel can reduce carbon emissions and finds use in marine, agriculture, mining, aviation, automotive, and industrial. The global biodiesel market report by Market Research Future (MRFR) assesses the various variables affecting the market such as drivers, challenges, opportunities, and trends for making astute projections for the period of 2021 to 2028 (forecast period). It covers the undertaking of renewable projects, government initiatives, and the COVID-19 outbreak in its assessment.
Market Scope
The global biodiesel market is predicted to display an astounding growth rate over the forecast period. It is primarily driven by the awareness of depletion levels of non-renewable energy sources. Efforts taken by various countries for alleviating the effects of greenhouse gas emissions and opportunities in regions of Colombia, Argentina, and India can bode well for the market. Surge in the demand for renewable energy and improvements in technology for generation of biodiesel can favor the market. The use of vegetable oil derived from corn, canola, and soybean are likely to push the production of biofuels and in turn the biodiesel market.
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The COVID-19 pandemic has severely impacted the global market growth. The resulting lockdowns has led to closure of units and facilities in the industrial sector coupled with the decline in demand of electricity. But the integration of biodiesel as a fuel source after the rollback of pandemic measures can lead to an uptick in the global biodiesel market.
High demand for corn, palm, and soybean can hamper market growth.
Segmentation
The biodiesel market has been segmented on the basis of application into off grid electricity supply and transportation. The transportation segment is expected to accrue huge revenues for the market owing to demand for alternative fuel and rollout of electric vehicles. Utilization of biodiesel for reducing effects of greenhouse gas emissions as well as entry of electric vehicle manufacturers can drive the segment growth.
On the basis of type, the market has been segmented into methanol, biohydrogen, and cellulosic ethanol.
Regional Analysis
North America is expected to dominate the biodiesel market mainly due to the favorable government regulations. The integration of biofuels in industries for generating in-house power is expected to increase in the North American region providing the market with scope for further growth. In addition, the renewable fuel standards (RFS) which requires the blending of a proportion of renewable fuel in transportation fuel can drive the demand for biodiesel.
Europe and Asia Pacific are other major regions for the biodiesel market due to boost in the manufacturing sector in these regions. Europe can drive a majority of the demand owing to the focus of governments in the region for replacing carbon based products with bio-based products. India and China are expected to contribute to the APAC market owing to the demand for diesel-driven vehicles rises. Establishment of biorefineries and initiatives by governments for reducing dependence on crude oil can drive the demand for biodiesel.
Competitive Outlook
Abengoa Bioenergy, Amyris, INEOS New Planet BioEnergy, Poet-DSM Advanced Biofuels LLC, Canergy LLC, and Enerkem are key players of the global biodiesel market.
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Bioreactors Market Size Estimated to Grow at CAGR of 6.91% During Forecast Period 2020-2025
Bioreactors Market size is estimated to reach 2.1 Billion, growing at a CAGR of 6.91% during the forecast period 2020-2025. Bioreactors are devices used to develop biological processes by closely monitoring controlled environment. It is a closed system used for bioprocessing, that supports the growth of cells or tissues and organisms (yeast, bacteria, or animal cells) under controlled conditions. Bioreactors are used in industrial processes to produce vaccines, antibodies and others. It converts raw materials into useful byproducts in the bioconversion of corn into ethanol. These are commonly cylindrical, ranging in size from liters to cubic meters, and are often made of stainless steel. Single-use material is widely used in the field of mammalian cell culture and is now rapidly replacing conventional bioreactors owing towards increase the quality of the end product by reducing automation complexity.
By Type - Segment Analysis
In 2019, Continuous Stirred Tank Bioreactors segment dominated the Bioreactors Market in terms of revenue is estimated to grow at a CAGR of 5.91% owing towards rising production of monoclonal antibodies (MAb) therapeutics and other biological using animal cell cultures. The continuous stirred-tank reactors are the equipped with an impeller for homogenizing culture media and a sparger for delivering oxygen to the cells. It has increased surface area for oxygen transfer, so there is an increased yield of products. These are mostly used in processing of industries, in homogeneous liquid-phase flow reactions, where constant agitation is required and which further is used in pharmaceutical industries abetting towards the growth of the market.
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Geography - Segment Analysis
In 2019, the North America region dominated Bioreactors Market in terms of revenue with a market share of 41.8% owing towards rising public & private funding for R&D in this region. In U.S., National Institute of Health (NIH) collaborated with 11 biopharmaceutical companies to launch the “Partnership for Accelerating Cancer Therapies (PACT)”, public-private research collaboration. The aim of the collaboration is to develop immunotherapy for cancers with total investment of $215m aids to the market’s growth. Government has taken initiatives to promote technological advancements and initiatives to escalate the drug development process are key factors in the growth of the Bioreactors market. Asia Pacific is set to record the fastest growth rate during the forecast period 2020-2025.
Drivers – Bioreactors Market
Rapid Growth Of Single Use Bioreactors In Biopharmaceutical Industries
The increasing adoption of single use bioreactors by biopharmaceutical companies and various research institutions is driving the growth of the market. Single use bioreactors are more feasible than traditional bioreactors for small-scale research and lab-scale applications as they are more economical and flexible. The use of SUBs for the production of biopharmaceutical companies are increasing, as it tends to be more cost-effective for small-scale operations are driving the markets growth.
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Challenges – Bioreactors Market
Major Regulatory Concerns
Regulatory concerns regarding usage of bioreactors and growing stringent government policy and regulation toward market growth is restraining growth of the market. Lack of sufficient storage facilities, vulnerability to leaching and transportation is hindering the market’s growth. Also, large-scale disposal of plastic derivatives is a growing environmental concern restraining the business growth over the forecast years.
Bioreactors Industry Outlook
Product Launches was the key strategy of the players in the Bioreactors Industry. Bioreactors top 10 companies include Danaher Corporation, Sartorius AG, Eppendorf AG, ZETA Holding GmbH, Applikon Biotechnology B.V., Solaris Biotechnology srl, Pierre Guerin Technologies, Thermo Fisher Scientific Inc., Finesse Solutions, Inc. and Merck KGaA.
Acquisitions/Product Launches
In May 2019, Sartorius AG, a leading international partner of the biopharmaceutical industry launched ambr® 15 cell culture automated microbioreactor system. It offers increased flexibility and expanded capability for clone selection, media and feed optimization and early process development work.
In March 2020, Thermo Fisher Scientific Inc. to acquire QIAGEN, a leading provider of life science and molecular diagnostic solutions. This acquisition provided opportunity to leverage the industry-leading capabilities and R&D expertise to accelerate innovation and address emerging healthcare needs.
In March 2020, Danaher Corporation acquired Biopharma business from General Electric Company's (NYSE: GE) Life Sciences division. This acquisition helped company by driving its growth across multiple categories and in reaching more consumers.
Key Takeaways
The increase in the number of personalized medicines coupled with rising number of FDA approved orphan drugs has increased bio production, accelerating the bioreactors demand over the forecast years.
Rising chronic diseases and favorable government initiatives to improve healthcare infrastructure is likely to be the major driving factor for the market’s growth.
Asia-Pacific region is projected to record the fastest growth rate during the forecast period 2020-2025.
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https://www.industryarc.com/Report/17004/vaccines-market.html
B. Antibody Testing Market
https://www.industryarc.com/Report/19287/antibody-testing-market.html
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Ethanol Market Expected To Achieve Lucrative Growth By 2027
The global ethanol market size is projected to reach USD 129.36 billion by 2027 registering a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Increasing demand from fuel and industrial solvents applications is anticipated to remain a key factor favoring market growth.
The advent of second-generation ethanol is expected to bring about a revolution in the industry. The feedstocks used for production are cane trash, rice & wheat straw, corn cobs, cotton stalk, empty fruit bunches, and bagasse. With growing concerns regarding sustainability and tackling organic waste production of second-generation ethanol is expected to gain widespread acceptance. Although a large number of manufacturers have successfully run pilot experiments, there are still concerns surrounding the extraction of useful sugars that are locked in by lignin, cellulose, and hemicellulose in biomass and woody feedstock.
Disinfectants manufactured from ethanol are expected to gain prominence as they form an important component of personal hygiene. The changing consumer behavior and rising health awareness are expected to drive product consumption in this application segment. The growing cases of Hospital-Acquired Infections (HAIs) and rise in surgical procedures are expected to have a positive impact on product demand.
Europe is expected to be one of the major regional markets. The implementation of programs supporting the growth of the biofuels sector is expected to positively impact the eco-system. The European Commission has also started to incentivize farmers to produce feedstock, such as corn, maize, and sugarcane. The adoption of Fuel Quality Derivative aimed at increasing the concentration of ethanol in gasoline will also help augment product demand.
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Ethanol Market Report Highlights
Second-generation ethanol demand is expected to register the fastest CAGR of 5.9% from 2020 to 2027 due to rising demand from the alcoholic beverages and disinfectant industries
Undenatured ethanol was the second-largest segment in 2019 and accounted for a market share of 29.9% owing to growing demand in the manufacturing of fuel additives
The beverages application segment is anticipated to witness the maximum CAGR of 5.4% from 2020 to 2027 owing to growing consumption of alcohol-based products
The demand for the product in Germany is expected to reach USD 2.05 billion by 2027 backed by changing fuel regulations and steady growth in the consumption of alcoholic beverages
Ethanol Market Segmentation
Grand View Research has segmented the global ethanol market on the basis of source, purity, application, and region:
Ethanol Source Outlook (Volume, Million Liters; Revenue, USD Million, 2016 - 2027)
Sugar & Molasses-based
Grain-based
Second Generation
Ethanol Purity Outlook (Volume, Million Liters; Revenue, USD Million, 2016 - 2027)
Denatured
Undenatured
Ethanol Application Outlook (Volume, Million Liters; Revenue, USD Million, 2016 - 2027)
Industrial Solvents
Fuel & Fuel Additives
Beverages
Disinfectant
Personal Care
Others
Ethanol Regional Outlook (Volume, Million Liters; Revenue, USD Million, 2016 - 2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
Germany
U.K.
France
China
India
Japan
Thailand
Brazil
Mexico
List of Key Players of Ethanol Market
United Breweries
Aventine Renewable Energy
AB Miller
Archer Daniels Midland Company
Kirin
Pure Energy Inc.
British Petroleum
Cargill Corporation
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Industrial Alcohol Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2028
According to the current analysis of Reports and Data, the global Industrial Alcohol Market was valued at USD 93.25 Billion in 2020 and is expected to reach USD 123.64 Billion by the year 2028, at a CAGR of 9.3%. Rising demand for organic solvents due to dynamic properties, including high octane number and flammability characteristics, will lead to an increase in demand for industrial alcohol in the transportation sector. It is a cleaner-burning fuel that is combined with gasoline and diesel fuels to decrease fuel consumption and emissions.
The report also examines the financial standing of leading companies in detail, which consists of market position, gross profit, overall revenue, sales volume, manufacturing, growth rate, and other vital facts & figures. It profiles the leading companies in the Industrial Alcohol market to derive market positions, and strengths and weaknesses of established competitors and new entrants by utilizing analytical tools like SWOT Analysis and Porter’s Five Forces Analysis. The study also highlights production capacity, consumer base, value, volume, product offerings, upstream suppliers, downstream buyers, market concentration rate, and leading regions to give an exhaustive evaluation of the global landscape.
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Key Players:
Some of the key market players are Cargill (US), Raizen Energia (Brazil), Green Plains Inc. (US), Cristalco (France), MGP Ingredients (US), The Andersons Inc. (US), Sigma Aldrich (US), Grain Processing Corporation (US), Greenfield Specialty Alcohols (Canada), and Flint Hills Resources (US)
Further key findings from the report suggest:
Isopropyl alcohol finds use among physicians, who rub the poisonous substance onto surfaces, tools and human bodies for its cooling and disinfecting properties. Isopropyl alcohol also is found in cosmetics, including lotions
Methyl alcohol primarily finds use as an industrial solvent. For example, paint remover and photocopier developers make use of it
Ethanol is a common ingredient in many cosmetics and beauty products. It acts as an astringent to help clean skin, in lotions as a preservative and to help ensure that lotion ingredients do not separate, and in hairsprays to help the spray adhere to hair
More than 97 percent of U.S. and other developed countries produce gasoline which contains ethanol, typically in a mixture called E10, made up of 10 percent ethanol and 90 percent gasoline, to oxygenate the fuel and reduce air pollution
Asia-Pacific regional segment of the Industrial Alcohol market is expected to remain highest growing segment during 2020-2028, at a CAGR of 10.8%, owing to increasing demand for healthy food and health consciousness in the region
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Segments covered in the report:
On the basis of type, the industrial alcohol market has been segmented as follows:
Ethyl alcohol
Methyl alcohol
Isopropyl alcohol
Isobutyl alcohol
Isobutyl alcohol
Others (sorbitol and maltitol)
On the basis of application, the industrial alcohol market has been segmented as follows:
Personal care products
Pharmaceuticals
Fuels
Food ingredients (excluding beverages)
Chemical intermediates & solvents
Others (home care products and reagents)
On the basis of source, the industrial alcohol market has been segmented as follows:
Sugar & molasses
Corn
Grains (excluding corn)
Fossil fuels
Others (whey, cellulosic materials, and algae)
Regional Outlook (Revenue, USD Million; 2020-2028, and Volume Metric Tons-2028)
U.S
Canada
Germany
France
UK
Rest of Europe
China
India
Japan
Rest of Asia-Pacific
Brazil
Rest of Latin America
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Identifying the basic business drivers, challenges, and tactics adopted:
· The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Industrial Alcohol market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
· An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
· Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
· The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Global Specialty EPS Resin Market Share, Outlook Analysis by Top Leading Key Player, Industry Share, Growth , Trends, Forecast till 2027
Specialty EPS Resin Market
Global Specialty EPS Resins market was valued at US$ 6,008.7 Mn in 2017 and it is expected to reach at US$ 15,146.0 Mn by 2027, growing at CAGR 10.7% during the period, 2016-2027.
The increase in demand for sustainable & lightweight solutions which provide extreme durability, along with improved thermal insulation, is expected to boost the growth of the global specialty EPS resin market over the forecast period. The rise in demand for acoustic & thermal insulation in the building & construction industry in developing nations such as China and India is expected to enhance the demand for high-quality polymers. Also, the rise in demand among consumers for durable commercial & residential buildings, which can easily withstand extreme changes in the external environment, is expected to drive the market growth.
Expanded Polystyrene (EPS) is used in the construction sector due to its closed-air low-thermal conductivity, mechanical resistance, lightweight, low water absorption, and sound resistance (in office & rooms). They provide tangible environmental advantages which maximize energy efficiency, improve indoor environmental quality, & enhance the durability of the buildings & packaged products.
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The demand for specialty EPS in packaging application segment is expected to generate significant revenue. It is attributed to the excellent shock-absorbing properties of EPS, thus making it ideal for the storage and transportation of products, including healthcare, & chemical products, electronics equipment, consumer goods. Excellent moisture resistance & thermal insulation provided by EPS help retain the freshness of perishable products, like seafood & fruits and vegetables. Also, compression resistance provided by expanded polystyrene makes it ideal for stackable packaging goods. Thus, excellent properties offered by Expanded Polystyrenes are significantly improving its demand for packaging applications. This leads to increase the demand for specialty EPS over the forecast period. The impact of this driver is very high
In a few major economies, the EPS items have been banned. Styrofoam cups cannot be recycled as they are already expanded and to produce these cups, it needs virgin polystyrene beads. As EPS materials are not biodegradable, some consumers do not prefer use and throw Expanded Polystyrene coffee cups.
The banned products contain polystyrene foam single-service items, such as bowls, cups, plates, take-out containers, trays, polystyrene loose fill packaging, commonly called as packing peanuts. However, there are some exceptions such as EPS containers used for prepackaged food which are filled & sealed prior to receipt by the food service establishment; mobile food store; & containers used to store raw meat, fish, pork, seafood, or poultry sold from a butcher case or similar retail appliance are still in use.
Expanded Polystyrene (EPS) is banned in several countries including New York, DC, Washington, Minneapolis, San Francisco, Oakland, Portland, Albany & Seattle.
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The companies operating in the market are investing large amount in research and development to launch new products. This can create new opportunities in the market
For instance, in 2019, BASF SE had raised its global production capacity of graphite polystyrene rigid foam and a type of EPS by 40,000 metric tons per year. The capacity addition was done at 2 production sites, namely Ulsan (Korea) & Ludwigshafen (Germany). At the Ulsan production facility, the organization switched the entire 85,000 metric tons capacity from classic white EPS to grey EPS to enhance the insulation property of the raw material. This move allowed BASF SE to cater to the surging demand for grey material in the APAC market.
Regional Analysis
North America is accounted for the highest market share in 2016. However, Asia pacific region is expected to grow at a healthy rate over the forecast period.
Asia Pacific led the market and accounted for more than 40.0% share of the global revenue in 2019. It is attributed to ascending demand for the product from applications, such as automotive, packaging, and construction, in emerging economies such as China & India. The construction industry in APAC is the fastest-growing market across all regions. The rise in urbanization, the increase in disposable income, and government initiatives including the “housing for all” project in India, are propelling the growth of the construction industry in this region.
Europe is the prominent consumer of expanded polystyrene owing to high demand from the automotive, packaging, and construction sectors. Expanded Polystyrene (EPS) finds application in various industries due to its versatile benefits, lightweight, easy molding, & desired shape formation. In recent years, the demand for expanded polystyrene from green building design applications in the European market has witnessed a significant increase owing to its excellent environmental advantages that can offer improved indoor environmental quality, energy efficiency, & enhanced durability.
Recent Developments
In January 2020, Eni & Pertamina sign MOU to cooperate in the areas of circular economy, low carbon products & renewable energies.
In June 2020, BEWiSynbra Group, a producer of EPS in Europe had announced that the company has signed an agreement to acquire a minority stake in a United Kingdom based newly formed EPS insulation & packaging company. The new comapny derives from manufacturer & supplier of EPS products for insulation & civil engineering applications, & sister company Styropack, who is producer of EPS packaging. The new company will be jointly owned by parts of the current management and by BEWiSynbra Group. The name of the comapny will be Jablite Group and which operate as a stand-alone company, in collaboration with BEWiSynbra Group.
In February 2020, Sekisui Chemical & Sumitomo Chemical had announced to cooperate on Circular Economy Initiative Manufacturing Polyolefin using Waste as Raw Material. Two organizations have agreed to form a strategic alliance to provide benefit to society by deploying technology for manufacturing polyolefin by using waste as a raw material. This alliance combines SEKISUI CHEMICAL’s production technology for transforming waste into ethanol with Sumitomo Chemical’s technological know-how in manufacturing polyolefin, thereby promoting circular economy initiatives to chemically recycle waste into polyolefin. Pilot production will begin in fiscal 2022, with SEKISUI CHEMICAL turning waste into ethanol, and Sumitomo Chemical using this ethanol as raw material for polyolefin. A full-scale market launch of this production method is expected in fiscal 2025.
Market Segmentation
The market is segmented into type such as Colored (Grey, White, Black), and Graphite, by function such as Protection, Insulation, Cushioning, and others. Further, market is segmented into application such as Protective Packaging, Building & Construction, Automotive & Transportation, Electronic, and Healthcare.
Also, Global Specialty EPS Resin Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Top Market Key Players Analysis
Some key players are listed in this report such as BASF SE, Sekisui Plastics Co., Ltd, SUNPOR KUNSTSTOFF Gmbh, Atlas EPS, VERSALIS, SABIC, LG Chem., Ltd., BEWiSynbra Group AB, Total S.A., etc.
Market Taxonomy
By Type
· Colored (Grey, White, Black)
· Graphite
· By Function
· Protection
· Insulation
· Cushioning
· Others
By Application
· Protective Packaging
· Building & Construction
· Automotive & Transportation
· Electronic
· Healthcare
By Region
· North America
· Latin America
· Europe
· Asia Pacific
· Middle East & Africa
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#Specialty EPS Resin Market size#Specialty EPS Resin Market Share#Specialty EPS Resin Market Trend#Specialty EPS Resin Market Growth#Specialty EPS Resin Market Application
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Molasses Market Trends, Market Segments, Landscape, Analysis and Forecast–2027
Market Overview
Molasses market 2020 can expect to advance at a relentless pace during the evaluation period (2018 to 2023), reveals MRFR or Market Research Future. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Top Drivers and Barriers
Molasses is produced majorly during the sugar production process, which are either derived from sugarcane or sugar beet. However, sugarcane production has remained quite high for a long time across the globe. With the significant expansion of the sugar industry across countries and the increasing production of beet molasses has favored the molasses market in recent years. Owing to the changing climate change along with the surge in water scarcity in various parts of the globe, sugar beet is expected to gain a higher share in the market compared to sugarcane during the review period.
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With the stellar growth of the fuel ethanol industry in Asian countries, the demand of molasses has simultaneously increased as well. Molasses production in Thailand, Brazil, India, the United States, Philippines and Taiwan is significantly high since the rate of sugarcane cultivation rate is substantial in these countries. The market demand is bolstered by the rising use of molasses for treating constipation, healing burns, reducing fat accumulation in the body and preventing blood pressure. Considering these benefits, it is expected that the molasses market can witness impressive growth in the ensuing period.
An increasing number of food manufacturers are opting for molasses instead of spending heavily on sugar to manufacture food items. Companies are increasingly striving to bolster their production capacity and enhance their product offerings to remain competitive in the market. For instance, in June 2020, Malt Products Corporation set up an Innovations Lab to cater to vendors in the confectionery markets and more. The prime focus of the production is expected to be on CaneRite sugar cane molasses, among others.
Market Segmentation
Type, category, source and application are the primary segments based on which the market has been studied in the MRFR report.
The main types of molasses in the global market are blackstrap, dark, light, and others. The blackstrap segment can gain the maximum share in the market as these types of molasses are used extensively in applications such as alcoholic beverages, animal feed, food, and more. A host of health benefits offered by these types are essential determinants for the segmental growth in the market. The segment is also touted to achieve the highest growth rate due to the rising demand across various end-use industries for blackstrap molasses.
The molasses market, in terms of category, caters to organic as well as conventional. Conventional is set to emerge as the leading segment, thanks to the abundance of these molasses in the market. However, the fastest advancing segment can be organic, on account of the growing consumer inclination towards organic products.
The key sources discussed in the report are sugar beets, sugarcane, and others. The sugarcane segment could be in the lead during the analysis period, since the cultivation of sugarcane is higher at a much lower cost compared to other segments.
The applications listed in the MRFR study are biofuel, animal feed, functional food & beverages, and others. The food & beverage category is anticipated to be at the top in the near future, owing to the rising use of molasses as sweeteners in the industry. However, the animal feed category is slated to procure the faster advancement rate, because of the significant growth in animal farming worldwide.
Regional Outlook
The molasses market has been regionally dissected into North America, Asia Pacific/APAC, Europe, and RoW/Rest of the World.
There is a high possibility that the APAC market takes the lead in the coming years, given that the region is known for its large-scale production of molasses, especially across India, Philippines, Indonesia and Thailand. A rising number of bakeries in the region are opting for molasses instead of sugar since the former provides a darker shade to the bakery products compared to normal sugar. The growing consumers’ interest in organic and natural products and the rising awareness with regard to the ingredients in consumables can also benefit the APAC market in the ensuing years.
North America is bound to observe fast growth pace in subsequent years, in view of the increasing consumption of molasses in Canada, Mexico and the United States. The mounting awareness level among people with regard to the health provisions of molasses and the consequent rise in the demand for the same can be instrumental in the market growth. Over the years, organic molasses have gathered high interest in the region, especially in the pharmaceutical sector for the treatment of rheumatism, constipation and also in boosting the red blood cell formation.
Renowned Vendors
Some of the key vendors in the worldwide market are B&G Foods Inc.(US), Domino Specialty Ingredients (US), E D & F Man Holdings Limited (UK), Sweet Harvest Foods Inc. (US), Michigan Sugar Company (US), Crosby Molasses Co Ltd. (Canada), Good Food Inc. (US), Cora Texas Manufacturing Company LLC (US), B&G Foods, Inc. (US), The Archer Daniels Midland Company (US), Malt Products Corporation (US), Westway Feed Products LLC (US), and more.
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Ascorbyl Stearate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Market Outlook
Ascorbyl stearate is a chemical in the class of ester, which is obtained from ascorbic acid and stearic acid. Ascorbyl stearate is a yellowish-white solid that has a citrus-like odour. Ascorbyl stearate is used as a source of Vitamin C and as a food preservative in margarine. Ascorbyl stearate is rich in vitamin, due to which it is also known as vitamin C stearate.
In addition, Ascorbyl stearate functions as an antioxidant. Ascorbyl stearate is used in the cosmetic industry in makeup products, baby shampoos, bath capsules, eyeliners, etc. Due to the presence of anti-oxidant nutrients, Ascorbyl stearate is highly utilised in nutraceuticals. According to reports. Ascorbyl stearate is used in medicines to cure various diseases, such as cancer, as Ascorbyl stearate has an anti-tumour effect. Ascorbyl stearate has been authorised by the Food and Drugs Administration of the U.S. and EU as well as by FSSAI in India.
Moreover, Ascorbyl stearate is known for various health benefits. Ascorbyl stearate supplements are found to be advantageous over vitamin-fortified supplements as Ascorbyl stearate contains higher concentrations of vitamin C. As a preservative for margarine and other food products, Ascorbyl stearate is in high demand in the food industries across the world, which is expected to contribute to the growth of the Ascorbyl stearate market.
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Rising Applications of Ascorbyl Stearate
Ascorbyl stearate is a derivative of ascorbic acid and stearic acid. Ascorbyl stearate is used as a source of vitamin C in various dietary supplements. The applications of ascorbyl stearate increasing rapidly across the world as it is used in cosmetics, personal care products & medicines, and as an antioxidant food preservative owing to the following:
The anti-tumour effect of Ascorbyl stearate helps cure cancer by damaging the cancerous cells
As Ascorbyl stearate is an antioxidant, it is widely used in the food industry as a preservative.
Global Ascorbyl Stearate Market: Segmentation
On the basis of solubility, the global Ascorbyl stearate market has been segmented as-
Insoluble in Water
Soluble in Ethanol
On the basis of end use, the global Ascorbyl stearate market has been segmented as-
Food Industry (Preservative)
Cosmetics & Personal Care
Dietary Supplement
Medicines
Bakery
Confectionery
Juices/Syrups
Jam/Jellies
Cleansers
Moisturizers
Creams/Lotions
On the basis of function, the global Ascorbyl stearate market has been segmented as-
Supplement
Acid
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Global Ascorbyl stearate: Key Players
Some of the major players engaged in the manufacturing and supply of Ascorbyl stearate include Vesino Industrial Co., Ltd.; Anward; Chemtik; Biosynth AG; Axiom Chemicals Private Limited; A & Z Food Additives Co., Ltd.; Penta Manufacturing Company; Anhui Royal Chemicals Co., Ltd.; Meryer (Shanghai) Chemical Technology Co., Ltd.; Chengdu Saiousi Pharmaceutical Co., Ltd. and Shangai Wencai New Material Technology Co., Ltd. Increasing number of industrialists are showing keen interest in the manufacturing of Ascorbyl stearate as the demand for Ascorbyl stearate is increasing every year.
Opportunities for Ascorbyl stearate market participants:
As an antioxidant and food preservative product, the demand for Ascorbyl stearate among consumers and product manufacturers is increasing worldwide. In addition, Ascorbyl stearate is also used as an active cosmetic ingredient, which is also boosting the demand for the same. Moreover, the manufacturers of Ascorbyl stearate are expected to significantly benefit from a global increase in the demand for cosmetics and personal care product in the future.
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Global Ascorbyl Stearate: A Regional Outlook
Ascorbyl stearate is manufactured globally, mostly in North America and the Middle East, due to the high demand for food preservatives in these regions. In the Asia Pacific, Ascorbyl stearates are used for food preservation as well as in cosmetic products. In the Middle East & Africa region, the imports and trade of the Ascorbyl stearate is high owing to the high demand for cosmetic products. In Europe, Ascorbyl stearates are utilised as cosmetics and personal care products in large quantities as well as in juices, jams and jellies as antioxidant food additives. In the Asia Pacific, China is the largest exporter of Ascorbyl stearate. In Latin America, Ascorbyl stearate is used as a dietary vitamin supplement. These factors are expected to contribute to the growth of the global Ascorbyl stearate market during the forecast period.
The food and beverages sector has cemented its place among the global populace firmly over the years. This sector attracts considerable investments and subsidies from numerous government and non-government organizations. The trends and popularity regarding specific sub-categories are dynamic and help in structuring the overall growth. The trends are a way of answering the needs of the consumer. The players in the food and beverages sector have to adapt to the changing trends, which helps increase revenue-generation opportunities.
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