Biodegradable Plastics Market Demand, Application, Growth, Overview, Share, Forecast 2030

Biodegradable Plastics Market Overview

Biodegradable Plastics Market is projected to be worth USD 29.75 Billion by 2030, registering a CAGR of 28.25% during the forecast period (2022 – 2030), The market was valued at USD 7.7 billion in 2019.

The global biodegradable plastics is mainly driven by the growing awareness about the ecological damage caused by the growing volume of plastic waste and the increasing government interventions in the area to offer solid support to efforts that aim to resolve the issue of plastic pollution at its roots. The discovery of biodegradable plastics dates back to the 1970s, since when the development of the biodegradable plastics has steadily gained steam as the world’s consumption of plastic materials has grown exponentially over the same time period. The growing volume of plastic waste has bent governments as well as public will, particularly in developed areas of the world, to take concrete steps towards eradicating the problem.

Governments all over the world are funding research efforts into the production of biodegradable plastics, as they look to use human ingenuity to resolve a human-caused problem. This is likely to be a major driver for the global biodegradable plastics market over the forecast period, as groundbreaking research is expected in the area of biodegradable plastics in the coming years.

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Biodegradable Plastics Market Competitive Analysis:

Leading players in the global biodegradable plastics market include BASF SE, Biome Technologies PLC, NatureWorks LLC, FKuR Kunststoff GmbH, Cereplast Inc., Plantic Technologies Ltd., Cardia Bioplastics Limited, BIO-ON, Mitsubishi Chemical Corporation, and Corbion. Corbion, NatureWorks, and BASF are likely to hold on to major shares in the global biodegradable plastics market over the forecast period.

Setting up research efforts into developing biodegradable plastics in collaboration with universities and other research institutes is likely to be a popular strategy for players in the global biodegradable plastics market over the forecast period. In April 2019, Hanwha Chemicals established a research center along with Yonsei University to work on developing a wide range of eco-friendly technologies. Biodegradable plastics are expected to be a flagship project for the center.

Biodegradable Plastics Market Segmentation:

Based on product type, the global biodegradable plastics industry is segmented into polyhydroxyalkanoates (PHA), polylactic acid (PLA), polybutylene succinate (PBS), polycaprolactone (PCL), starch-based plastics, and regenerated cellulose. PLA-based biodegradable plastics are likely to dominate the global biodegradable plastics market over the forecast period due to the ease of developing them in comparison with other types of biodegradable plastics and their easy utility in the packaging industry.

By application, the global biodegradable plastics market demand is segmented into packaging, injection molding, agriculture, textiles, and others. The packaging industry is likely to dominate the global biodegradable plastics market over the forecast period due to the large volume of the demand for plastics from the packaging industry.

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Specialty Polyamide Market, Overview, Trends, Share, Analysis, Forecast to 2030

Specialty Polyamide Market Dynamics

The global specialty polyamide market is expected to exhibit steady growth over the forecast period, according to the latest research report from Market Research Future (MRFR). The growing demand from the transportation sector is likely to be a crucial driver for the global specialty polyamide market over the forecast period, according to the report.

Specialty Polyamide Market Competitive Analysis:

Leading players in the global specialty polyamide market include Radici Group, INVISTA S.r.l., Solvay S.A., LG Chem Ltd., E.I. DuPont de Nemours and Company, Koninklijke DSM N.V., Asahi Kasei Corporation, Arkema SA, BASF SE, and Evonik Industries AG.

In July 2019, Evonik, one of the leading players in the global polymers market size, confirmed their presence at the 2019 K2019 plastics trade show in Dusseldorf.

Specialty Polyamide Market Segmentation:

The specialty polyamide industry is segmented on the basis of application and region.

By application, the global specialty polyamide market report is segmented into transportation, energy, consumer goods, electronics, industrial coatings, and others.

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Specialty Polyamide Market Regional Analysis:

The global specialty polyamide market is expected to be dominated by Asia Pacific over the forecast period, followed by North America and Europe. The growing transportation industry in Asia Pacific is likely to be a major driver for the global specialty polyamide market, as the growing demand for passenger vehicles in the cheap price range has driven up the demand for specialty polyamides in various transportation applications. Growing government support to automotive manufacturing in Asia Pacific countries such as China, Japan, South Korea, and India is likely to be a major driver for the specialty polyamide market in the region. The growing demand for mass transportation vehicles such as buses is also likely to be a major market driver for the specialty polyamide market over the forecast period, as government-planned schemes for public transportation have sprung up at great pace across Asia Pacific in the last few years. Many countries have taken major steps to spruce up their public transportation network, with better designed buses, electric vehicles, and more, leading to a growing demand from the specialty polyamide market over the forecast period.

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The growing consumer goods and electronics industries in Asia Pacific are also conducive to smooth growth of the specialty polyamide market. Specialty polyamides are used in a number of consumer electronics and other goods due to their superior thermal resistance and physical durability. The rising demand for consumer goods and electronics in Asia Pacific countries such as India, Thailand, Indonesia, Malaysia, China, Taiwan, South Korea, Australia, New Zealand, and Japan is likely to be a major driver for the specialty polyamide market in the region. The growing demand for physically robust consumer electronics rather than electronics with flashy gadgetry and fluff is likely to drive the demand for specialty polyamides in the region over the forecast period. The rising electric vehicle industry in Asia Pacific is also likely to be a major driver for the specialty polyamide market in the region over the forecast period.

Europe is also likely to be a major growth center for the specialty polyamide market over the forecast period due to the steady growth of the automotive industry in the region. Rising demand for specialty polyamides in transportation applications is likely to be a major driver for the specialty polyamide market in Europe.

Among the rest of the world, Brazil is likely to exhibit strong growth in the coming years due to the growing government support to the public transportation sector in the region. The Middle East could also emerge as a major revenue generator for the specialty polyamide market due to the growing demand in automotive applications in the UAE, Saudi Arabia, Kuwait, Qatar, and other influential countries in the region.

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Surfactants Market Overview, Demand, Global Industry Share, Analysis and Growth 2030

Surfactants Market Overview:

Surfactants Market is projected to be worth USD 80 Billion by 2030, registering a CAGR of 8.75% during the forecast period (2022 – 2030). The market was valued at USD 36 billion in 2020.

Surfactants Market is estimated to witness robust growth due to growing demand from construction sector and continuous growth of paint & coatings industry across the globe. Furthermore, anionic surfactants are emerged as the largest type segment due to increasing demand for linear alkyl benzene in cleaners and detergents due to unique properties with this aforementioned reason the market is expected to register strong growth in the near future.

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Surfactants Market Key Players:

Global Surfactants industry Players are: Akzo Nobel N.V (Netherland), Air Products and Chemicals Inc (U.S.), Clariant AG (Switzerland), E. I. Du Pont De Nemours & Co (U.S.), Evonik Industries AG (Germany), Huntsman Corporation (U.S.), KAO Corporation (Japan), Solvay (Belgium), Stepan Company (U.S.) and Galaxy Surfactants Ltd. (India) among others.

Surfactants Market Application:

Surfactants has found numerous application such as in Household detergents, Toiletries/personal care, Industrial and institutional cleaning, Textiles, Pulp and paper and in Others including polymers, paints and coating, leather, oil field chemicals, agro-chemical formulations, etc. Surfactants are gaining huge traction in the current time, owing to its wide range of applicability especially, and its huge demand in the industrial applications. Surfactants value chain and the interplay between oleo chemical and petrochemical routes. Indeed, the prices of fats and oils have also declined in 2015—however, not to the same extent as for crude oil.

Study Objectives of Surfactants Market:

To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global surfactants market report.

To provide insights about factors affecting the market growth

To analyse the global surfactants market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)

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Silicon Carbide Market Analysis, Growth, Overview, Trends, Demand and Industry Forecast 2030

Silicon Carbide Market Overview

Silicon Carbide Market is projected to be worth USD 11 Billion by 2030, registering a CAGR of 22% during the forecast period (2020 – 2030).

Market Research Future (MRFR) report on the global silicon carbide market studies the COVID-19 analysis on the key points that influence the growth of the market. The report discusses current competitors and global market trends, providing a thorough overview of both growth drivers and constraints, which may have a positive or negative effect on the industry’s outlook during the forecast period.

Silicon carbide (SIC) is also identified as carbrundum and is a silica and carbon compound. SIC is one of the hard materials with outstanding performance, power switching frequency, and power rating compared to silicon. In addition, it has the potential to deliver high power switching applications in an extreme environment. Silicon carbide is an extensive gap semiconductor material used in semiconductor electronic devices that work at high temperatures or high voltage. This property has made silicon carbide highly preferable for end-use applications.

Market Dynamics

Over the last seven years, the global demand for silicon carbide market has seen steady growth and is heading into an expansion phase. Growth in this market is due to strong demand from the steel manufacturing and steel processing industries and its recycling units. The steel industries in the Asia Pacific is expected to contribute significantly in the coming years. The growing automotive industry around the globe also plays a crucial role in global growth. As per the OICA, China has emerged as a worldwide leader in automotive production with an annual growth rate of over 8%, which is expected to result in a significant rise in the demand in the coming years. In the last few years, the replacement of established pure silicon technology has risen year by year, increasing global demand for silicon carbide. Although growth in this market is held back by high costs associated with silicon carbide devices. Due to low production yields and low production volumes, silicon carbide products are priced at comparatively higher costs, which has posed as growth restraints.

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Market Segmentation

The global market for silicon carbide has been segmented based on product and application.

Based on products, the global market for silicon carbide has been segmented into green silicon carbide, black silicon carbide, and others (refractory, coated, metallurgical, metallurgical briquettes, and micro grit).

Based on application, the global market for silicon carbide has been segmented into steel and energy, aerospace and aviation, automotive, military and defense, electronics and semiconductors, medical and healthcare, and others. Steel and energy are the dominant segments for which silicon carbide is widely used, followed by electronics and semiconductors and the automotive segment. Medical and healthcare services are expected to see the fastest growth in the next five years.

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Regional Analysis

Region-wise, the global silicon carbide market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

In 2016, Asia Pacific emerged as one of the most promising markets in the world and had the highest market share in terms of both value and volume. After gaining more than half of the global economy, Asia Pacific is projected to continue leading over the forecast period. Increased sales of the various driver segments, such as steel and energy, electronics, semiconductor and automotive, are responsible for the region’s growth. India and China are jointly driving the Asia Pacific market because of the increasing demand for steel and energy powered by industrial and infrastructural growth.

North America is another attractive growth market, dominated by automotive demand. The region is expected to grow substantially due to the massive demand for commercial vehicles. The United States is one of the five largest commercial vehicle manufacturing markets in the world due to the growing demand for silicon carbide.

In the coming years, Europe will continue to expand, including major markets such as Russia, Germany, and the Netherlands. Established aerospace and aviation industries have contributed significantly to regional growth.

Key Players

Some of the leading participants in the global silicon carbide market are Carborundum Universal (India), Entegris Inc (US), ESK SIC GmbH, Renesas Electronics Corporation (Japan), Norstel AB (Sweden), ROHM Co Ltd (Japan), Toshiba Corporation (Japan), Grindwell Norton (India), Microsemi Corporation (US), Dow Chemical Company (US), and others.

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Phosphorus Trichloride Market Demand, Application, Growth, Overview, Share, Forecast 2030

Phosphorus Trichloride Market Overview

As per the recently released report by the Market Research Future (MRFR), the global phosphorus trichloride market is expected to grow at a noteworthy pace during the forecast period of 2016 to 2023. The manufacturing of commodity chemicals and agrochemicals is one of the major driving factors of the global market. The demand for agrochemicals is strikingly increasing to meet the consumption requirements of the rapidly growing population. This is subsequently boosting the growth of the market. Phosphorus trichloride is majorly used in the chemical synthesis of organophosphorus compounds and acts as precursor to other chemicals like phosphoryl chloride (POCl3), phosphorus pentachloride (PCl5), and thiophosphoryl chloride (PSCl3). This chemical compound is a highly important ingredient for the manufacturing of gasoline additives. This is, in turn, expected to also aid the market growth due to the highly efficient and superior quality fuels from the automotive industry. It is also reported that the high demand for phosphorus trichloride is linked with its role as a plasticizer. It provides enhanced level of plasticity, flexibility, and durability for its used in PVC. Additionally, the growing awareness concerning sexually transmitted and heart-related diseases and disorders is driving the market as well. Furthermore, it is worth noting that phosphorus trichloride is also used for the electrodeposition of metal on rubber and for producing flame retardants.

However, the growth of the market can be hampered due it being classified as extremely corrosive and toxic by the EU Directive 67/548/EEC. Add to this, both the Occupational Safety and Health Association (OSHA) and the National Institute for Occupational Safety & Health (NIOSH) have pre-fixed a limitation on the product exposure level.

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Phosphorus Trichloride Market Segmentation

The global phosphorus trichloride market segmentation is based on two key dynamics, namely application and region.

On the basis of application, the market segments into pharmaceuticals, chemical intermediate, gasoline additive, agrochemicals, and others.

The market is geographically segmented across five key regions, namely North America, Latin America, Asia Pacific, and the Middle East & Africa.

Phosphorus Trichloride Market Competitive Landscape

The global phosphorus trichloride market hosts numerous key players, namely Solvay (Belgium), LAXNESS (Germany), Sandhya Group (India), Monsanto Company (the U.S.), ICL (Israel), PCC Rokita (Poland), Merck KGaA (Germany), Parchem fine & Specialty Chemicals (New York), Xuzhou Jianping Chemical Co., Ltd (China), Alfa Aesar (US), and others.

Regional Analysis

Among the above-mentioned names, The Asia Pacific region is expected to lead the global market in the forthcoming years as per the report published by MRFR. The dominance of the region can be boiled down to the high demand from agrochemical and chemicals industries. In this region, the chemical compound is used for the manufacturing of insecticides, fertilizers, and pesticides. This acts as a key factor influencing the growth of the market in Asia Pacific. The increasing demand for superior crop productivity coupled with the expanding population base are two other key factors that are expected to drive the growth of the market in this region in the coming years.

The North American market is majorly driven by the increasing demand for phosphorus trichloride from developed chemical industries. Additionally, it is worth noting that the demand for pharmaceuticals and pharma-related products in the US is one of the key drivers of the market contributing to the overall growth of the North American region.

Europe stands third as per the global standings of phosphorus trichloride and is expected to experience significant growth in the forthcoming years. This is based on the growing demand from various major industries like the plastics & polymers, chemicals, and others. The Latin American market is expected to garner meagre growth over the forecast period. However, the region is driven by the increasing product demand for the manufacturing of plasticizers. Countries like Brazil and Argentina play a major role behind the growth of the Latin American regional market.

Finally, the Middle East & Africa is forecasted to attain significant growth in the forthcoming years on account of the increasing demand for pesticides and agrochemicals due to the surging health awareness among the consumers herein and a rising demand for food production.

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Propylene Glycol Alginate Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Propylene Glycol Alginate Market Overview

Propylene glycol alginate is used in a wide range of applications such as stabilizers, thickeners, emulsifiers, defoaming agents, surfactants, and preservatives among others. The rising demand from the food and beverage and cosmetic & personal care industry across the globe is substantially contributing to the growth of the propylene glycol alginate market. Propylene glycol alginate is extensively used in breweries to stabilize the foam in beers.  The growing beer consumption across the globe is anticipated to positively affect the growth of the global propylene glycol alginate market.

Propylene Glycol Alginate Market Segmentation

The global propylene glycol alginate industry is segmented into application and region. On the basis of the application, the global market of propylene glycol alginate is segmented into thickeners, emulsifiers, gelling agents, defoaming agents, surfactants, preservatives, texture stabilizers and others. On the basis of the end-user industry, the market is further segregated into food & beverage, pharmaceuticals, cosmetic & personal care and others. On the basis of the region, the global propylene glycol alginate market research is bifurcated into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Competitive Analysis

Some of the prominent players in the global propylene glycol alginate market  are Universal Preserv-A-Chem Incorporated (U.K), Kikkoman Corporation (Japan), KIMICA Corporation (Japan), Fuji Kasei Co. Ltd (Japan), IRO Alginate Industry Co., Ltd (China)., Qingdao Bright Moon Seaweed Group Co.,Ltd (China), and Rizhao Jiejing Group Co., Ltd (China) among others

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Market Scenario

Among the various applications of the propylene glycol alginate, the food & beverage application was the dominant segment in 2016 and is expected to retain its dominance during the forecast period. Whereas, the cosmetic & personal care and pharmaceutical application segment are also expected to exhibit steady growth during the review period. The growing demand for processed food across the globe coupled with increasing application in cosmetics & personal care is expected to augment the market growth further. The increasing consumption of ice creams, salad dressings, jams, and other dairy products across the globe is anticipated to surge the demand for thickening & emulsifying agents, in turn, propelling the demand for propylene glycol alginate. 

The global propylene glycol alginate market application is spanned across five key regions: Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific is the fastest  growing  market  during the forecast period. The presence of agrarian economies has augmented the use of propylene glycol alginate as herbicides, pesticides. Moreover, the growing population has increased the demand for food and beverages, in turn, adding to the demand for propylene glycol alginate. Moreover, the growing disposable income in the region has augmented the demand for beer, which is anticipated to fuel the market growth further. According to the  Statistics, the beer revenue in India is expected to reach US$ 3,758 million by the end of 2018. North America is anticipated to be the largest market, which is closely followed by Europe.

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Lubricants Market Analysis, Size, Share, Growth, Trends and Forecast 2030

Lubricant Market 

The global lubricants market is profiled in great detail in the latest research report from Market Research Future (MRFR), providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the lubricants market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the lubricants market’s growth trajectory over the forecast period are provided in the report. The leading players in the global lubricants market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global lubricants market. The major drivers and restraints affecting the global lubricants market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Lubricants are substances used to reduce the generation of heat through friction between two work surfaces. Due to their benefits in reducing the wear and tear, lubricants are widely used in a wide array of applications, including industrial, automotive, marine, construction, and others. Lubricants also protect work surfaces from rusting and other types of corrosion, making them last longer than unlubricated work surfaces. Lubricants are mainly produced from petroleum. As a result, the production of lubricants is dependent on the availability of petroleum. The fluctuations in the price of petroleum are thus likely to be a key restraint on the global lubricants market.

The growing automotive industry is likely to be a major driver for the global lubricants market over the forecast period. The automotive industry has grown spectacularly in the last few decades due to the growing demand for passenger vehicles from emerging regions. This has driven the demand for a number of substances used in automotive industry operations, including lubricants. The growing construction industry is also likely to be a major driver for the global lubricants market over the forecast period.

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Competitive Leaderboard:

Leading players in the global lubricants market include PETRONAS, Fuchs, Idemitsu Kosan Co. Ltd., JXTG Group, BP plc, Petrochina Company Ltd., Sinopec Lubricant Company, Total SA, Chevron Corporation, ExxonMobil Corporation, and Royal Dutch Shell plc. Advertising is likely to be a major competitive strategy for players in the global lubricants market over the forecast period. Merger and acquisition activity is also likely to be high in the market over the forecast period.

Lubricant Market Segmentation:

The global lubricants market is segmented on the basis of type, application, and region.

By type, the global lubricants market is segmented into mineral oil, biobased, and synthetic lubricants. The biobased segment is expected to grow at a rapid growth rate over the forecast period due to the growing demand for biobased industrial products, including lubricants. Biobased lubricants pose no threat to the environment, as they can biodegrade naturally. This has made biobased lubricants a key part of the global lubricants market.

By application, the global lubricants market is segmented into automotive, marine, construction, industrial, and others. The industrial segment is further classified as metalworking fluids, general industrial oils, process oils, and industrial engine oils. The automotive segment is further classified as gear oil, passenger vehicle oils, heavy duty engine oils, hydraulic and transmission fluids, and others. The automotive segment is likely to dominate the global lubricants market over the forecast period due to the growing automotive industry.

Regional Analysis:

Asia Pacific dominates the global lubricants market and is likely to remain the leading revenue generator over the forecast period. The growing automotive industry in Asia Pacific is the major driver for the global lubricants market, as the automotive industry is the major consumer of lubricants. The construction and marine industries are also growing in Asia Pacific, leading to a growing demand for lubricants.

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Ethanolamines Market Overview, Demand, Global Industry Share, Analysis and Growth 2030

Ethanolamines Market Overview:

Ethanolamines are organic compounds produced as a result of the synthesis of ethylene oxide and ammonia. It serves as raw material for the manufacture of various solvents and formulations. The global ethanolamines market report by Market Research Future (MRFR) has been compiled keeping in mind the impact of the COVID-19 pandemic on the production and value chain. It contains drivers, restraints, opportunities, and threats for the period of 2017 to 2023 (forecast period).

Ethanolamines Market Scope

The global ethanolamines market is driven by the demand in surfactants and agrochemicals. Applications in metal cleaning, detergents, chemical intermediates, and herbicides can fuel the market demand significantly. The economic growth in developing regions and changing living standards of consumers can drive the market demand. The uptick in the production of fragrances, polishes, and textiles can work in favor of the market.

Ethanolamines Market Segmentation

The global ethanolamines market is segmented by product and application.

By product, it is segmented into monoethanolamine, diethanolamines, and triethanolamines. Triethanolamines can hold a major market share till the end of the forecast period owing to its utilization in sunscreens, detergents, shaving products, hair care products, and others. But diethanolamines can surpass its counterpart over the assessment period.

Major applications comprise textiles, detergents, cement, chemical intermediates, herbicides, metal cleaning, gas treatment, personal care, and others. Detergents are predicted to contribute majorly to the global ethanolamines market due to its application in emulsifying agents and anti-static agents. The purpose of cleaning facilities due to stringent regulations regarding work safety and production norms amid the outbreak of the COVID-19 pandemic can drive the need for ethanolamines.

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Competitive Outlook

Akzo Nobel N.V., SABIC, Jiaxing Jinyan Chemical Co. Ltd., The Dow Chemical Corporation, BASF SE, LyondellBasell Industries Holdings B.V., China Petroleum & Chemical Corporation, INEOS, Sintez OKA Group of Companies, Huntsman Corporation LLC, and others are key players of the global ethanolamines market.

Regional Analysis

Geographically, the market covers trends and opportunities across regions of Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).

APAC holds the lion’s share of the market due to growing demand for diethanolamines in metal cleaning, detergents, chemical intermediates, herbicides, and others. The surge in disposable income levels of consumers coupled with rapid urbanization can propel the market growth. Countries such as China, Japan, and India are the major players in this market.

North America is likely to showcase exemplary growth in regards to the global ethanolamines market due to high standards of living and consumption of personal care products. Investments in end-use industries are likely to drive the market in the region during the forecast period. The U.S., Canada, and Mexico are predicted to spur the demand in the market due to their flexibility, stability, and durability.

Europe can witness a drop in demand due to the restrictions on diethanolamines by the European Union for the manufacture of cosmetics. Alternative methods for the use of these chemicals can lead to new growth avenues for the global ethanolamines market.

Latin America is estimated to witness significant growth in the market due to the use of agrochemicals in the agriculture sector. The utilization of emulsifying agents and the growing use in herbicides and gas treatment can fuel the ethanolamines demand. Moreover, the MEA region can witness a slow growth in the market due to volatile prices of raw materials.

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Sodium Tripolyphosphate Market, Overview, Trends, Share, Analysis, Forecast to 2030

Sodium Tripolyphosphate Market

The global sodium tripolyphosphate market is expected to exhibit an unremarkable 1.48% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global sodium tripolyphosphate market is studied in detail in the report, which enlightens readers about the major trends in the market and provides detailed information about market figures, which helps provide a comprehensive overview of the market. The competitive landscape of the sodium tripolyphosphate market is also studied in detail in the report.

Sodium tripolyphosphate is a salt of triphosphoric acid and is widely used in cleaning applications. It is a crystalline powder widely used as a detergent and in other cleaning applications. It is available in both anhydrate and hexahydrate forms. The growing demand for household cleaning agents is the major driver for the global sodium tripolyphosphate market and is likely to determine the prospects of the market over the coming years. Household cleaning agents such as detergents are the most important application for the global sodium tripolyphosphate market, as it is one of the few applications where the use of sodium tripolyphosphate has actually grown in the last few years. The growing residential construction industry and the growing immigration towards urban areas around the world is likely to be a major driver for the sodium tripolyphosphate market, as a result.

On the other hand, the global sodium tripolyphosphate market is held back by its environmentally unsound nature, which has led to restrictions and even outright bans on the use of sodium tripolyphosphate in several regions. Notably, the European Union (EU) has banned sodium tripolyphosphate due to its lack of environmental viability. This has become a major thorn in the side of the global sodium tripolyphosphate market in recent years.

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Sodium Tripolyphosphate Market Competitive Analysis:

Leading players in the global sodium tripolyphosphate market include TongVo Chemicals Ltd., Haifa Group, Prayon S.A., Hubei Xingfa Chemicals Group, Merck Group, Sumitomo Chemicals Co. Ltd., Aditya Birla Chemicals, ICL Performance Ltd., Tata Chemicals Ltd., and Innophos Holding Inc. Major players are engaged in developing environmentally sound products from sodium tripolyphosphate, as developing environmentally viable forms of sodium tripolyphosphate is likely to be vital to the prospects of the global sodium tripolyphosphate market in the coming years. Strong investment in R&D in order to develop environmentally viable products from sodium tripolyphosphate is likely to be a major competitive tactic in the sodium tripolyphosphate market over the forecast period.

Sodium Tripolyphosphate Market Segmentation:

The global sodium tripolyphosphate market is segmented on the basis of application, end use, and region.

By application, the global sodium tripolyphosphate market is segmented into detergents, cleaning agents, water treatment, food preservatives, paints and dyeing, ceramic tiles, metal treatment, and others. The detergent segment accounted for a dominant 26% share in the global sodium tripolyphosphate market in 2016 and is likely to remain the leading consumer of sodium tripolyphosphate over the forecast period. The growing demand for household cleaning agents is likely to drive the demand for sodium tripolyphosphate-based detergents over the forecast period.

By end use, the global sodium tripolyphosphate market is segmented into household cleaning, food and beverages, agriculture, textiles, pharmaceuticals, cosmetics, and others. The household cleaning segment dominates the global sodium tripolyphosphate market and is likely to remain the leading end use over the forecast period from 2017 to 2023.

Sodium Tripolyphosphate Market Regional Analysis:

Asia Pacific accounts for the largest share in the global sodium tripolyphosphate market, followed by North America. The Asia Pacific market accounted for 42% of the global sodium tripolyphosphate market in 2016, led by China. The growing residential construction in Asia Pacific is likely to drive the demand for household cleaning agents, leading to a growing demand for sodium tripolyphosphate.

North America is also a leading regional market for sodium tripolyphosphate and is likely to remain a major player in the global market over the forecast period. On the other hand, Europe’s role in the sodium tripolyphosphate market is likely to reduce over the forecast period due to the environmental unviability of sodium tripolyphosphate.

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Waterborne Acrylic Coating Market, Global Industry Share, Growth, Overview and Analysis 2030

Waterborne Acrylic Coatings Market Highlights:

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global waterborne acrylic coatings Market was valued at USD 41.7 billion in 2016 and is expected to grow at 5.77% CAGR to reach USD 61.3 billion by the end of 2023. Waterborne acrylic coatings are gaining traction across the global owing to its various advantages over solvent borne coatings such as good resistance to heat and abrasion, low flammability, and excellent adhesion among others. Moreover, less amount of coating material is required for the surface treatment of a desired surface as compared to solvent based coatings. Besides, the environmental feasibility of waterborne acrylic coatings over the solvent based coatings, which is highly regulated and restricted in the developed markets will be a significant factor driving the market for global waterborne acrylic coatings.

Although known as architectural coatings, waterborne acrylic coatings market has moved into all sorts of applications such as general industry, automotive, and packaging among others. Over the course of time developing regions witnessed significant industrialization. The globally renowned manufacturers are targeting developing markets for expansion in order to tap the opportunities offered by developing markets. Moreover, the availability of cheap labor and easy availability of raw materials in the developing markets are some of the other factors supporting the paradigm shift. However, the resultant industrialization has propelled the emissions jeopardizing the environment. Coatings being an integral part in construction sector and other process industries contribute significantly to pollution caused by traditional coatings used across these industries. Hence, the need for eco-friendly low VOCs coating is identified as the major market impetus factor driving the overall demand for waterborne acrylic coatings market.

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Waterborne Acrylic Coatings Market Segment Analysis

The global waterborne acrylic coatings industry is segmented on the basis of applications, end use and region. On the basis of applications, global waterborne acrylic coating market growth is segmented into construction material, architectural wood, automotive OEM, automotive aftermarket, metal packing, and protective coatings among others. Based on the end use industry, the global waterborne acrylic coatings market size is divided into building & construction, automotive, woodworking, packaging, and general industries among others.

 Considering the global industrialization and urbanization rates, the construction activities across the globe is also increasing. Also, the housing markets in the developed regions such as North America and Europe is regaining its pace after the economic slowdown that had an adverse effect on the housing markets of the respective regions. Furthermore, automotive production has also surged in the recent past owing to declined crude oil prices. Pickup trucks and SUV sales hit historic high in the North America. Collectively, the above mentioned factors has pulsated the demand for coatings. With increasing legislations on emissions of VOCs, sustainable coatings is the need of the hour, which in turn is propelling the demand for waterborne acrylic coatings owing to its environmental feasibility as well as enhanced performance over solvent based coatings.

The various applications of waterborne acrylic coatings discussed in the report includes construction material, architectural wood, automotive OEM, automotive aftermarket, metal packing, and protective coatings among others. As an application, the construction material and architectural wood segments accounted for the largest market share in the global waterborne acrylic coatings market followed by the automotive OEM and aftermarket. Rapid infrastructural developments and increasing demand for passenger cars among the middle class population in the developing regions are some of the market impetus factors driving the consumption of waterborne acrylic coatings in the developing markets, whereas, stringent legislations on VOCs from coatings is driving the demand for waterborne acrylic coating in the developed markets. Cumulatively, the construction material and architectural wood segments was valued at USD 31.8 billion in 2016.

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