Thursday, December 26, 2019

Phase Transfer Catalyst Market Industry Key Revenue Pockets - 2020

The global phase transfer catalyst market is estimated to be USD 960 million in 2018 and is projected to reach USD 1,232 million by 2023, at a CAGR of 5.1%. This growth is mainly attributed to the high demand from the pharmaceutical and agrochemical end-use industries for green chemistry compounds for chemical synthesis. 


A phase transfer catalyst is a heterogeneous positive catalyst that facilitates reaction between 2 substances located in different immiscible phases. It accelerates the rate of reaction and helps in solubilizing salts into organic phases. The phase transfer catalyst is used for the chemical synthesis of organics, such as pharmaceuticals, dyes, and chemicals, among others. It is majorly used to migrate ionic reactants as these are insoluble in organic phases. The phase transfer catalyst market size is estimated to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a CAGR of 5.1%. The major factors driving the phase transfer catalyst market include rising demand and adoption of green chemistry in organic synthesis. However, technological advancements in chemical synthesis for the reduction of catalyst consumption is a major challenge for the phase transfer catalyst market.

The phase transfer catalyst market has been segmented on the basis of type into ammonium salts, phosphonium salts, and others that include crown ethers and cryptands. Among these, the ammonium salts segment is expected to register the highest growth during the forecast period. There is a high demand for tetra butyl ammonium bromide, tetrabutylammonium hydrogen sulfate, tetrabutylammonium fluoride trihydrate, and tetrabutylammonium chloride, among others, which are easily available and inexpensive in comparison to other phase transfer catalysts. In addition, growing demand for inexpensive phase transfer catalysts from emerging regions, such as Asia Pacific and Middle East & Africa is expected to drive the growth of the ammonium salts segment in the phase transfer catalyst market during the forecast period.

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Based on end-use industry, pharmaceutical is expected to be the fastest-growing end-use industry in the phase transfer catalyst market during the forecast period. The pharmaceutical industry is the chief consumer of phase transfer catalysts, owing to the high demand for sustainable chemicals in applications, such as the formulation of drugs or derivative compounds, synthesis of drugs, and active pharmaceutical ingredients, among others. The pharmaceutical end-use industry is expected to witness rapid growth in the Asia Pacific, North America, and European regions owing to increasing populations and lifestyle diseases. All these factors are leading to the growth of the pharmaceutical end-use industry in the phase transfer catalyst market during the forecast period. 

The Asia Pacific phase transfer catalyst market is expected to grow at the fastest rate during the forecast period due to the high demand for inexpensive heterogeneous catalysts to increase the velocity of reactions for applications in the pharmaceutical and agrochemical end-use industries. The phase transfer catalyst market in the Asia Pacific is driven by demand from countries, such as China, Japan, India, Australia, and South Korea owing to rapid economic development and growth in industrialization.

Companies manufacturing phase transfer catalysts majorly focus on the production of ammonium salts majorly for pharmaceutical, agricultural, and chemical products. Therefore, these companies foresee opportunities in tapping new application areas in industries, such as textiles, chemicals, and cosmetics, among others. Furthermore, companies can expand their businesses in emerging markets across the Asia Pacific, Middle East & Africa, and South America. The Asia Pacific is a very lucrative market for phase transfer catalysts due to the high demand from emerging economies, such as India, China, Australia, and South Korea. These emerging countries are hubs for the pharmaceutical and chemical industries.

Tuesday, December 24, 2019

Paint Protection Films Market Industry Leaders & Key Revenue Pockets - 2020


In terms of value, the global paint protection films market size is estimated to be USD 242 million in 2019 and projected to reach USD 341 million by 2024, growing at a CAGR of 7.1% from 2019 to 2024. Increasing sales of luxury cars globally, coupled with the rising consumption of thermoplastic polyurethane material is expected to drive the growth of paint protection films industry during the forecast period. 


Major companies operating in the paint protection films market include 3M Company (US), XPEL, Inc. (US), Eastman Performance Films, LLC (US), and Hexis S.A. (France), among others. Moreover, these companies hold a potential market share.

Xpel, Inc. (US) is one of the leading players in the paint protection films market, which has been adopting inorganic strategies to sustain in their market position. For instance, in November 2018, XPEL, Inc. acquired Apogee Corporation, a Taiwan-based distributor of automotive paint protection and window film. Through this acquisition, XPEL was able to sell directly to its customers in Taiwan, Hong Kong, and Macau and provide enhanced local support for all customers throughout Asia. Moreover, in April 2017, XPEL, Inc. acquired Stratashield LLC, a provider of installation services for automotive paint protection and window film in Dallas, TX. This acquisition helped XPEL in extending its reach in the growing local market by promoting the execution of customer-centric strategy.

Eastman Chemical Company (US) is another major company in the paint protection films market. It has been adopting organic and inorganic strategies to sustain its position in the paint protection films market. For instance, in March 2019, Eastman Chemical Company, through its subsidiary Eastman Performance Films, LLC invested in a leading-edge 3D scanning technology for patterns of paint protection films. This investment is intended to transform the process of pattern development of films with increasing level of accuracy and speed. Moreover, in March 2019, Eastman Performance Films, LLC introduced a new high impact resistant film, which is added to its paint protection film portfolio under the LLumar® and SunTek® brands. This new offering is approximately 50% thicker and provides stronger protection for heavy impact areas as compared with LLumar and SunTek standard PPF. This product will cater to the US and Canadian markets by late spring 2019.s

The paint protection films market size is estimated to be USD 242 million in 2019 and is projected to reach USD 341 million by 2024, at a CAGR of 7.1% from 2019 to 2024. Increasing consumption of thermoplastic consumption, coupled with rising sales of luxury cars, is expected to drive the growth of paint protection films market during the forecast period. Moreover, China being one of the largest producer & consumer of thermoplastic polyurethane material, creates a scope for sustainable growth of paint protection films.

Based on material, the market has been classified into thermoplastic polyurethane, polyvinyl chloride, and others. In terms of value, thermoplastic polyurethane accounted for the largest share of the paint protection films market. This growth is on account of its self-healing properties and increasing consumer spending for the protection of painted surfaces of vehicles.

Based on the end-use industry, the paint protection films market has been classified into automotive, electronics, construction, and others. In terms of value, the automotive sector accounted for the largest share in 2018 and is expected to grow briskly during the forecast period. This growth can be attributed towards cautiousness for maintenance of showroom finish of the vehicles, increasing resale value, and low effect of automotive industry slowdown to luxury cars sales throughout the globe.

Based on geography, the paint protection films market is segregated into five regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South Africa. In terms of value, Asia Pacific accounted for the largest share in the paint protection films market in 2018. This growth is attributed towards increasing sales of luxury cars in the Asia Pacific region coupled with China being the major producer and consumer of thermoplastic polyurethane material which is the major base material for manufacturing paint protection films. 

Monday, December 23, 2019

Lubricants Market Industry Leaders & New Revenue Pockets - 2020



The global lubricants market size is projected to reach USD 188.0 billion by 2024 from USD 164.3 billion in 2019, growing at a CAGR of 2.7%, in terms of value during the forecast period. The growing economies are helping the lubricant demand growth. The demand for lubricants in countries such as China, India, Japan, Brazil, Russia, ASEAN, and South Korea from both the transport and the industrial sector is expected to fuel the growth of lubricants market in the region. 
The lubricants market is evolving, with major players playing a crucial role in the development of new and advanced products. Royal Dutch Shell plc (Netherlands), ExxonMobil Corporation (U.S.), BP P.L.C. (U.K.), and Total S.A. (France) are the major players in this market.

Royal Dutch Shell PLC (Netherlands)
is focused on expansions, new product launches, and agreements to meet the growing demand in the lubricants market. In May  2019, the company opened its first lubricant laboratory in India. The laboratory will serve as a service provider for the increasing demand for innovative lubricant products both in automotive and industrial segments. In May 2019, the company launched e-fluids for electric vehicles. The products include e-transmission fluids, e-thermal fluids, and e-greases, which will help improve the performance of EVs and other battery-operated vehicles. In May 2018, Shell Lubricants and Aggreko renewed their supply contract, which helped Shell become the largest lubricant supplier to Aggreko in Russia, APAC, and Americas. The expansion helped the company to meet the growing demand for lubricants.

ExxonMobil (US)
is focused on new product launches and expansions to meet the growing demand for lubricants. In June 2019, the company completed the expansion plans of its Singapore refinery. The facility will strengthen the supply for group II EHC base oil, which is used for manufacturing premium grade lubricants. In January 2019, the company launched and commercialized EHC50 and EHC120 grade products from its Rotterdam Refinery. This will help the company to improve its market position in the group II oil-based lubricant market, as the company manufactures base oil as well as finished products. In December 2018, the company completed the expansion of its Rotterdam refinery, which saw an increase in the production of Group II base oil for lubricants. This has helped the company to become the world’s largest producer of group I and group II base oils. ExxonMobil is also focusing on renewable power generation to expand its lubricant offerings.

BP PLC (UK)
focuses on expansions and new product launches to strengthen its market position in the lubricants market. In December 2019, the company introduced its Castrol Edge Bio-synthetic into China. This is a synthetic base engine oil containing 25% plant-based base oil. This will help BP to strengthen its market position in the premium synthetic lubricants market in Asia Pacific. In January 2018, the company launched a new product called Castrol GTX ECO, which is manufactured from 50% re-refined base oil. This has helped the company to fulfill its sustainable development targets as well as diversified its portfolio.  In December 2017, BP planned the largest new lubricant plant in China. It was BP’s third lubricant blending plant in China and, with an investment of around RMB1.5 billion (US$230 million), representing BP’s single largest blending plant investment worldwide. The expansion helped the company to expand its product offerings.

Total S.A.(France
) focuses on new product launch and expansions to strengthen its market position in the global lubricants market. In January 2019, the company launched a new PFPE-based PTFE Grease STATERMIC X400 for all textile applications, where the conventional mineral or synthetic greases are not satisfactory. In October 2018, the company inaugurated its new state-of-the-art lubricant oil blending plant, located in the Kaluga region of the Russian Federation. The plant has been designed to produce initially 40,000 tons of lubricants per year, with a scale-up option to bring this capacity up to 70,000 tons per year. With the launch of this plant, the company plans to become one of the top leaders in the segment of premium automotive and industrial  lubricants in the Russian market and a significant player among competitors established locally. This will help the company in diversifying its product portfolio.

Friday, November 29, 2019

HVAC Filters Market Industry Key Revenue Pockets

The HVAC filters market is estimated to be USD 6.0 billion in 2019 and is projected to reach USD 7.7 billion by 2024, at a CAGR of 5.1% from 2019 to 2024. The major factors driving this market’s growth include increasing demand for HVAC systems, growing awareness about indoor air quality, and stringent government regulations for efficient filtration. HVAC filters are the separation media used in HVAC systems to remove pollutants or harmful substances from the air that is taken in by the HVAC systems to be distributed into building spaces or rooms.
Browse 147 market data Tables and 32 Figures spread through 134 Pages and in-depth TOC on "HVAC Filters Market"
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Based on material, the HVAC filters market has been segmented into fiberglass, synthetic polymer, carbon, and metal. The synthetic polymer segment accounts for the largest market share in 2018, owing to the material’s easy availability, long serviceability, and efficient filtration. Synthetic polymer filter materials are available in the form of pleats or stretched films, which are either made from the spunbond or melt-blown manufacturing process. The pleats increase the surface area and make the filters more efficient at capturing airborne particles in the HVAC systems.

By technology, the HEPA segment is estimated to account for the largest share of the HVAC filters market in 2019. The HEPA filter technology has the capability of trapping 99.97% dust particles that are 0.3 microns or larger in size. HEPA filters have diverse application areas, including residential buildings, pharmaceutical production, food & beverages, and clean rooms in the electronics & semiconductor industry, among others. The demand for the HEPA filter technology is expected to increase in various industries due to the technology’s capability of providing an improved indoor air quality.

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By end-use industry, the building & construction segment is anticipated to be the largest market for HVAC filters during the forecast period in terms of volume. The building & construction end-use industry segment includes residential and commercial buildings, which majorly consume HVAC systems for thermal comfort and superior indoor air quality. The growth of this segment is mainly attributed to the increasing demand for green buildings and awareness about indoor air quality.

By region, the Asia Pacific HVAC filters market is projected to register the highest CAGR between 2019 and 2024. The market growth in this region is mainly attributed to improved economic conditions of developing countries, increasing building and construction activities, and rising global warming. The presence of various associations that support the adoption of efficient HVAC systems is also expected to help drive the demand for HVAC filters in the region during the forecast period.

Tuesday, November 26, 2019

Flexitank Market Industry Leaders & New Revenue Pockets

Flexitank Market Industry Leaders :


The market size of
flexitanks is estimated at USD 366 million in 2018 and is projected to reach USD 912 million by 2023, at a CAGR of 20.0% between 2018 and 2023. Flexitank is an ideal solution for transportation of bulk liquids such as food-grade liquids and non-hazardous liquids. Flexitank has economic benefits, which saves 50% on packaging cost and can carry 30.0% more load than drums and 10.0% more load than ISO tanks. These benefits are likely to drive the demand for flexitanks during the forecast period. 


The key players in the flexitank market include Braid Logistics (Scotland), Bulk Liquid Solutions (India), Environmental Packaging Technologies (US), SIA Flexitanks (Ireland), Trans Ocean Bulk Logistics (US), Qingdao LAF Packaging (China), Hengxin Plastic (China),
Qingdao Global Flexitank Logistics (China), Trust Flexitanks (Spain), and Rishi FIBC (India). The flexitank market report analyzes the key growth strategies adopted by the leading market players, between 2015 and 2018, which includes expansion and new product launch.

Braid Logistics is among the key players in the flexitanks market, which has adopted organic strategies, such as expansion and new product launch. In 2018, the company expanded its global network in APAC with the establishment of Braid Japan Co., Ltd. (Japan). This expansion will allow the company to cater to the Japanese export market and expand its footprints across the market in APAC. In 2016, it launched Braid Agis-tank, which is ideal for liquids with high solid contents such as pepper mesh, fruit pulp, grape mash, olives, and fish slurries.
    
Environmental Packaging Technologies is one of the leading manufacturers of flexitanks. This company also adopted organic strategies, such as expansion and new product launch. In 2017, the company launched new flexitank under brand name LIQUIRIDE, especially for refrigerated shipping containers. The company will benefit from this new line of flexitanks, which focuses on applications requiring temperature-control transportation of fresh juices and concentrates. In the same year, it doubled its production capacity of flexitanks at its Michigan, US plant. This development is in response to the increasing demand for flexitanks in North America.

Flexitank Market Industry New Revenue Pockets :

The flexitank market is projected to grow from USD 366 million in 2018 to USD 912 million by 2023, at a CAGR 20.0%. The growth in the global trade of beverages such as wine, juice, and juice concentrates is expected to drive the demand for flexitanks. Competitive advantages of flexitanks compared to their alternatives such as barrels, IBCs, ISO tanks, and drums are expected to boost the market growth. It saves 50.0% on packaging cost and carries 30.0% more load than drums and 10.0% more than ISO tanks. It is a very cheaper alternative than ISO tank and drums. Currently, efforts are being taken to develop flexitanks which are suitable for transportation in a refrigerated container which can transport temperature-controlled liquids.

There are two types of flexitanks available in the global market, namely, monolayer and multilayer. The multilayer segment accounted for the higher market share and is projected to be the faster-growing segment. It has high demand owing to its superior performance for food-grade liquid transportation. Multilayer flexitanks come with oxygen barrier films and a number of PE layers which protect food-grade liquid cargo from contamination. The market can also be segmented into top loading and bottom loading flexitanks. Bottom loading flexitanks are expected to dominate the market with the largest market share and the fastest-growing segment. 


Based on application, the flexitank market is segmented into food-grade liquids, non-hazardous chemicals/liquids, and pharmaceutical liquids. The food-grade liquids application is the largest and projected to be the fastest-growing segment of flexitanks owing to the growing adoption in transportation. Another major consumer of flexitanks is non-hazardous chemicals, production of which is growing across the US, Europe, and the Middle East & Africa which is expected to create demand for flexitanks. 

The flexitanks market in APAC is projected to register the highest CAGR between 2018 and 2023, and the region is expected to maintain dominance during the forecast period in the flexitank market. APAC is the largest exporter of food-grade liquids such as edible oil, apple juice, latex, and chemicals. India is projected to be one of the high-growth markets in APAC. Growth in the production of palm oil and latex across Malaysia, Indonesia, and Thailand is expected to create demand for flexitanks. The production of apple juice, edible oils, and pharmaceutical products across China and India is expected to register the growth during the forecast period, which is favorable for the growth of the flexitanks market in APAC.