Chemical & Materials
Industrial Anti-Scaling Chemicals Market 2021, Size, Price Trends and Forecast to 2026
According to the latest report by IMARC Group, the global industrial anti-scaling chemicals market grew at a CAGR of around 5% during 2015-2020. Looking forward, the market expects to continue its moderate growth during the next five years.
Industrial anti-scaling chemicals refer to surface-active materials used to prevent the fouling and scaling of reverse osmosis (RO) membranes. These chemicals, that are introduced into the feedwater that flows through the RO membrane, protect the membrane from scaling and process hard water at very high recovery rates. As the presence of membrane foulants and sealants, such as calcium carbonate, iron, barium sulfate, colloidal material, silica, etc., is high in natural water, anti-scaling chemicals are extensively used across diverse industries wherein natural water is utilized in machine operations.
Industrial anti-scaling chemicals extend run times, reduce cleaning frequency, and enhance the service life of RO systems. This, along with the escalating demand for drinking water across the globe, is primarily driving the market growth. Furthermore, industrial anti-scaling chemicals get adsorbed on the surface of colloidal particles and provide a high anionic charge to the crystals, thereby catalyzing the product demand across the energy and mining industries. Additionally, a significant rise in the exploration activities of new oil and gas fields, coupled with the growing development of refineries and pipelines, is further propelling the market growth. Besides this, the leading market players are focusing on enhancing the product portfolio and expanding their existing consumer base, which is anticipated to influence the market positively over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Industrial Anti-Scaling Chemicals Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Akzo Nobel N.V., American Water Chemicals Inc., Ashland Global Holdings Inc., Avista Technologies Inc. (Kurita Water Industries Ltd.), BASF SE, BWA Water Additives US LLC (Italmatch Chemicals S.p.A.), Clariant AG, Dow Inc., Innovative Chemical Technologies, Inc., Kemira Oyj and Solvay S.A.
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The report has segmented the market on the basis of Type, End User and Region.
Breakup by Type:
Polymer-based
Phosphonate-based
Breakup by End Use Industry:
Oil, Gas and Mining
Wastewater Treatment
Food and Beverage
Pulp and Paper
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Global Fullerene Market 2020: Region Wise Analysis of Top Players, Market By Product, and Production Method
According to the recent report by IMARC Group, titled, “Fullerene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, the global fullerene market grew at a CAGR of around 6% during 2014-2019.
Fullerenes are allotropes of carbon with a hollow core and varying molecular structures, resembling a sphere, cylindrical tube, or cube through their bonds. They are commonly adopted in the development of polymer electronics, antioxidants, biocatalysts, skin creams, and biopharmaceuticals. Fullerenes are also used in anti-viral doses and photodynamic therapy to target malignant or altered cells.
Market Trends
The rising prevalence of AIDS has propelled the need for fullerene based on its anti-viral properties that mitigate the replication of Human Immunodeficiency Virus (HIV). Furthermore, the increasing utilization of fullerene in cosmetic products to prevent skin damage, premature aging, acne, and rashes caused by exposure to harmful chemicals, is also catalyzing the market growth. Moreover, the growing number of advanced solar power plants has increased the usage of fullerenes in organic photovoltaic (PV) cells as they act as electron acceptors and donor materials. Additionally, the rising adoption of fullerene and its derivatives as an alternative to steel across the automotive, defense, aerospace, and electronics sectors, will continue to drive the market growth in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Fullerene Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being ApNano Meterials Inc. (Nanotech Industrial Solutions), BuckyUSA, IoLiTec – Ionic Liquid Tecgnologies GmbH, Mitsubishi Chemical Holdings, MTR Ltd., Nano-C, , SES Research Inc. and TermUSA.
For more information about this report visit: https://www.imarcgroup.com/fullerene-market
The report has segmented the market on the basis of Product, Shape, Production Method, End User and Region.
Breakup by Product:
C60
C70
C76
Others
Breakup by Shape:
Bucky Balls
Nanotubes (Single-Wall and Multiple-Wall)
Nano-Rods
Breakup by Production Method:
CVD/CCVD Process
Arc Discharge Method
Laser Ablation of Graphite
Others
Breakup by End Use Industry:
Electrical and Electronics
Pharmaceuticals
Medical
Aerospace and Defense
Energy
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Global Functional Fluids Market 2020: Region Wise Analysis of Top Players in Market By Types and Application
According to a new report by IMARC Group, the global functional fluids market grew at a CAGR of around 5% during 2014-2019. Functional fluids are used as insulating and lubricating agents in hydraulic and braking systems, turbines, compressors, engines, refrigeration systems, transmission units, etc. These fluids majorly include engine oils, hydraulic fluids, metalworking lubricants, and heat transfer fluids. They aid in reducing friction, minimizing wear and tear of the components, dissipating the heat produced, and preventing corrosion and sealing. Based on the low compressibility ratio, functional fluids prevent oxidization in machinery and are highly efficient under high temperature, mechanical stress, and pressure. As a result, they are widely used across several end-use sectors, such as automotive, metal, mining, transportation, construction, aerospace, etc.
Global Functional Fluids Market Trends:
The growing automotive industry has augmented the adoption of automotive functional fluids, such as antifreeze and engine internal cleaner, which enhance the vehicle performance. Moreover, the increasing utilization of high-performance process oils in the industrial metal fabrication industry is also inflating the market growth. Functional fluids offer smooth surfaces to the working unit and enhance the equipment performance in manufacturing polymers, fibers, and cables. Additionally, the introduction of stringent government regulations, along with the emergence of bio-based and eco-friendly functional fluids, is further driving the product demand. Furthermore, the rising adoption of these fluids for manufacturing and printing specialty paper is anticipated to propel the functional fluids market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Functional Fluids Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being BASF SE (BASFY), BP Plc., Chevron Corporation, Croda International Plc, Exxon Mobil Corporation, Fuchs Petrolub AG, Huntsman International LLC (Indorama Ventures Public Co. Ltd.), Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad (PETRONAS), Royal Dutch Shell Plc, The Dow Chemical Company, etc.
For more information about this report visit: https://www.imarcgroup.com/functional-fluids-market
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Naphtha Market Research Report: Global Market Review & Outlook (2020-2025) – IMARCGroup.com
According to the recent report by IMARC Group, titled “Naphtha Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global naphtha market size reached around US$ 151.7 Billion in 2019. Naphtha is a volatile, colorless and highly flammable liquid compound that is stored in closed bottles in a cool and well-ventilated area. It is obtained through the dry distillation of organic substances such as shale, coal tar, and crude oil. It represents the second lightest product among all the refinery yields and is generally obtained in the first distillation process after liquified petroleum gas (LPG). Depending on its source or composition, naphtha is known by several names like white gas, petroleum spirits, shellite, and ligroin. There are two types of naphtha depending on their structure and refinery process ¾ light and heavy naphtha. They are utilized in the manufacturing of gasoline, petrochemical steam crackers, paints, cleaning fluids, and fuel for portable stoves.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Naphtha Market Trends:
In the petrochemical industry, naphtha is widely used to dilute heavy oils, clean metal from pipelines and manufacture high-octane gas. Along with this, it is also utilized in the production of olefins and aromatics like ethylene, propylene, benzene, and toluene. As there is a high demand for cost-effective olefin-rich fuels due to the growing population and rapid urbanization, it is driving the consumption of naphtha across the globe. Furthermore, technological developments have led to the production of advanced furnace materials and technologies like catalytic cracking and hydro-pyrolysis of naphtha. These energy-efficient processes have increased the usage of naphtha as a feedstock in various sectors. On account of these factors, the market is expected to experience moderate growth during the forecast period (2020-2025).
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/naphtha-market
Market Summary:
- On the basis of the application, the market has been categorized into petrochemical feedstock, gasoline blending, and others. Among these, petrochemical feedstock is the biggest application segment, accounting for the majority of the market share.
- Region-wise, the market has been classified into Latin America, Asia Pacific, Europe, North America, and Middle East and Africa. Currently, Asia Pacific represents the leading segment, holding the biggest market share.
- The competitive landscape of the market has been analyzed in the report, with some of the key players being Chevron Corporation, ExxonMobil Corporation, Indian Oil Corporation Limited, BP PLC, Lotte Chemical Corporation, Mangalore Refinery and Petrochemicals Limited, Mitsubishi Chemical Corporation, Sinopec, Total S.A., OAO Novatek, Reliance Industries Limited, SABIC, Shell Chemicals, and Vitol Netherlands Coöperatief U.A.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Carbon Fiber Reinforced Plastic (CFRP) Market Research Report: Global Market Review & Outlook (2020-2025) – IMARCGroup.com
According to the latest report by IMARC Group titled, “Carbon Fiber Reinforced Plastic Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global Carbon fiber reinforced plastics market to exhibit a CAGR of around 7% during 2020-2025.
Carbon fiber reinforced plastics (CFRPs) are non-metallic composite materials that are manufactured using thermosetting resins, such as epoxy, polyester and vinyl ester. They are strong, lightweight and resistant to numerous chemicals. Besides this, they exhibit high tensile and fatigue strength and can withstand high temperatures. Consequently, they are employed in the automotive industry for manufacturing premium sports cars, bicycles and motorbikes. They also find applications in the aerospace and defense industry for producing lightweight military planes and helicopters.
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CFRP is presently gaining traction across the aerospace industry as it reduces fuel consumption. This can also be attributed to the rising environmental concerns across the globe. These plastics are used in the manufacturing of laptops, tripods, fishing rods, racquet frames, stringed instrument bodies and golf clubs. Additionally, on account of its several benefits, CFRP is employed as an alternative to steel in the production of cable structures. Other than this, it is also utilized in the healthcare industry for manufacturing various medical instruments. Thus, the expanding applications of CFRP are expected to create a positive outlook for the market in the coming years.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/carbon-fiber-reinforced-plastic-market
Insights on Market Segmentation:
Market Breakup by Raw Materials:
Polyacrylonitrile
Pitch-based
Rayon-based
Market Breakup by Type:
Thermoset
Epoxy Resin
Polyester Resin
Vinyl Resin
Thermoplastic
Polyurethane
Polyether Ether Ketone
Polyethersulfone
Market Breakup by Manufacturing Process:
Layup
Pultrusion and Filament Winding
Resin Transfer
Injection and Compression Moulding
Others
Market Breakup by Application:
Aerospace & Defense
Automotive
Wind Energy
Civil Engineering
Sporting Goods
Electrical and Electronics
Marine Applications
Others
Market Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Cytec Industries Inc., DowAksa Advanced Composites Holdings B.V., Formosa Plastics Corporation, Hexcel Corporation, Mitsubishi Chemical Holdings, SGL Carbon SE, Teijin Limited., Toray Industries, Inc., etc.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Antibacterial Glass Market Research Report 2020, Industry Trends, Share, Size, Demand and Future Scope
According to the latest report by IMARC Group titled, “Antibacterial Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global antibacterial glass market expects to register a CAGR of around 5% during 2020-2025.
Antibacterial glass is a thin, reflective surface that is either designed by infusing silver ions on the surface or coating the glass with other antibacterial agents, such as copper, zinc and titanium. It assists in preventing the spread of bacteria and fungi on the glass surface. Therefore, it is widely utilized in spaces, such as bathrooms and laboratories, that require a high level of hygiene and sterile environment. Apart from this, it is used in the healthcare industry to construct isolation rooms, hematology departments, oncology and geriatric units, burns units, maternity wards, and infirmaries.
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Market Trends
The increasing number of hospital-acquired infections (HAI), along with the rising technological advancements in the healthcare industry, represents one of the major factors fueling the global antibacterial glass market growth. Antibacterial glass is also extensively utilized in the food and beverage (F&B) industry for manufacturing glass containers that aid in preserving food products. Moreover, it finds applications in the manufacturing of consumer electronics, such as tablets and smartphones. The boosting sales of these products around the world, therefore, are driving the market for antibacterial glass toward growth. Other than this, it is finding applications in swimming pools, health spas and sports centers, which are prone to bacterial and fungal development. Furthermore, rising awareness about hygiene among individuals, coupled with increasing disposable incomes, represents another growth-inducing factor that is projected to strengthen the market growth in the coming years.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/antibacterial-glass-market
Insights on Market Segmentation:
Market Breakup by Active Ingredient Type:
1. Silver
2. Copper
3. Others
Market Breakup by Glass Type:
1. Soluble
2. Porous
3. Coated
4. Others
Market Breakup by Application:
1. Hospital Wards
2. Food and Beverage Products
3. Military Equipments
4. Household Products
5. Others
Market Breakup by Region:
1. North America
2. Asia Pacific
3. Europe
4. Latin America
5. Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being AGC Glass Europe, Beijing JiYan-Tech Co. Ltd, BÜFA Glas GmbH & Co. KG, Corning Inc., Essex Safety Glass Ltd., Innovative Glass, Ishizuka Glass Co. Ltd., Joh. Sprinz GmbH Co. KG, Morley Glass & Glazing Ltd., Sumita Optical Glass Ltd., Saint Gobain SA, etc.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Aniline Market Research Report 2020, COVID-19 Impact Analysis, Market Price Trends, Share, Size & Forecast Till 2025
According to the latest report by IMARC Group, titled “Aniline Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global aniline market size reached a volume of 8.2 Million Tons in 2019. Aniline is an organic compound belonging to the class of aromatic amines. With the chemical formula C6H5NH2, the compound is prepared by the catalytic hydrogenation of nitrobenzene. It is characterized by a clear to slightly yellow color with an unpleasant odor. Highly toxic in nature, it is a weak organic base that forms salts with mineral acids. It is slightly soluble in water but freely soluble in chemicals, including alcohols and ethers. It is widely utilized across various industry verticals for the production of a wide range of products, such as dyes, drugs, explosives, plastics, and photographic chemicals, rubber chemicals, agricultural chemicals, synthetic dyes, antioxidants, stabilizers for the rubber industry, herbicides, varnishes and explosives.
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Global Aniline Market Trends:
Extensive application of aniline across various industries across the globe is one of the key factors driving the market growth. For instance, aniline is utilized to produce polyurethane (PU) rigid foams, which are widely used in the construction industry. Moreover, methylene diphenyl diisocyanate (MDI) is obtained from aniline, which is utilized in the production of various products, such as elastomers, adhesives, sealants, case coating and furnishings, which are used across numerous industries. The thriving pharmaceutical industry is also creating a positive outlook for the market. Enhanced research and development (R&D) and technological advancements have now enabled the extraction of aniline from biomass. Owing to rising environmental consciousness, there is an increasing inclination toward the usage of biomass-based products, which, in turn, is contributing to the market growth. Looking forward, IMARC Group expects the global aniline market to continue its moderate growth during the next five years.
Explore full report with table of contents: https://www.imarcgroup.com/aniline-market
Insights on Market Segmentation:
Market Breakup by Technology
1. Vapour-Phase Process
2. Liquid-Phase Process
On the basis of the technology, the market has been bifurcated into vapor-phase and liquid-phase processes.
Market Breakup by Application
1. Methylene Diphenyl Diisocyanate (MDI)
2. Others
Based on the application, methylene diphenyl diisocyanate (MDI) represents the leading segment in the market.
Market Breakup by End-Use Industry
1. Insulation
2. Rubber Products
3. Consumer Goods
4. Transportation
5. Packaging
6. Agriculture
7. Others
On the basis of the end use, the market has been divided into insulation, rubber products, consumer goods, transportation, packaging and agriculture. Among these, insulation exhibits a clear dominance in the market.
Market Breakup by Region
1. Asia Pacific
2. Europe
3. North America
4. Middle East and Africa
5. Latin America
Region-wise, Asia Pacific holds the leading position in the market. Other major regions include Europe, North America, Middle East and Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has also been analyzed in the report with some of the key players being BASF SE, Bayer Material Science, BorsodChem MCHZ, E. I. du Pont de Nemours, First Chemical Corporation, Jilin Connell Chemical Industry LLC, Hindustan Organic Chemicals Limited, Huntsman Corporation, Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Narmada Chematur Petrochemicals Limited, PetroChina Company Limited., Sabic, SP Chemicals Holdings Ltd., Sumitomo Chemical Co., Ltd., Sumika Bayer Urethane Co., Ltd., Dow Chemical Company and Tosoh Corporation.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Fumaric Acid Market Research Report, Price Trends, Share, Size & Forecast Till 2025
According to the latest report by IMARC Group, titled “Fumaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global fumaric acid market was worth US$ 661 Million in 2019. Fumaric acid is a dicarboxylic acid with the formula C4H4O4 which is formed by the oxidation of succinic acid by succinate dehydrogenase. It is found in eukaryotes, bolete mushrooms, lichens and Iceland moss in the form of a fine white or colorless crystalline powder. Apart from this, it is also produced by the human body when skin is exposed to direct sunlight. Characterized by a sour taste, it is used for the preparation of a variety of food products. Apart from being used as a food additive, it also forms an essential component in the production of medicines, industrial dyes, printing inks, animal feed and polyester resins.
Market Drivers:
Fumaric acid is utilized in the food and beverage industry as an acidulant, preservative, flavor enhancer and pH controller. The escalating sales of convenience food and the rising popularity of ready-to-drink beverages is catalyzing its demand. Besides this, increasing incidences of lifestyle diseases coupled with the growing health consciousness amongst consumers have augmented the consumption of sports and health drinks which contain fumaric acid. Moreover, this acid is being employed in the construction sector for the manufacturing of unsaturated polyester resins that are further used in the production of auto parts and reinforcement panels. Furthermore, the need to develop new processes based on renewable sources has led manufacturers to produce bio-based fumaric acid. However, the process costs almost double the cost of fumaric acid derived from benzene. Improvement in this process along with progress in technology is expected to drive the market growth. Looking forward, IMARC Group expects the global fumaric acid market to continue its moderate growth during the next five years.
Market Summary:
- On the basis of applications, food additives are the most popular application segment. Other major applications include rosin-sized sheathing paper, unsaturated polyester resins, alkyd resins and others.
- Based on end-use industries, the market has been categorized into food and beverages, cosmetics, pharmaceutical, and chemical. Amongst these, fumaric acid is mostly used in the food and beverage industry.
- On the geographical front, the market has been segregated into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific holds the leading position in the market.
- The competitive landscape of the market has been analyzed in the report. Some of the key players operating in the market include Bartek Ingredients Inc., Fuso Chemical Co., Ltd., Polynt, Prinova Group, Dastech International, Changzhou Yabang Chemical Co. Ltd., Nippon Shokubai, The Chemical Company, Thirumalai Chemicals, Wego Chemical Group, U.S. Chemicals and Huntsman Corporation.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Global Aroma Chemicals Market 2020: Region Wise Analysis of Top Players in Market By Types, Product and Application
According to the latest report by IMARC Group, titled “Aroma Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global aroma chemicals market reached a value of US$ 5.4 Billion in 2019. Aroma chemicals are defined as active odor chemicals that can occur naturally or be produced as – synthesized or isolated compounds. These act as an essential raw material in the formulation of unique perfumes and flavors. The flavors produced with aroma chemicals are further used for manufacturing baked goods, candies, and alcoholic and non-alcoholic beverages. These compounds can range from extremely strong to very light and soft notes. Aroma chemicals activate specific receptors in the nose, which, in turn, alerts the brain about the presence of an aroma. When a set of aroma chemicals triggers several receptors, it leads to the detection of a complex aroma. Flavor chemists, or flavorists, use this phenomenon as the basic principle for creating a complex odor in a flavor that uses a limited number of aroma chemicals.
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Global Aroma Chemicals Market Trends:
A significant rise in the demand for fragrant intensifiers and odorants in the recent years is one of the key factors driving the market growth. Besides this, with intense competition in the industry, key players are currently adopting highly profitable strategies, such as innovative product development, smart pricing and product differentiation, along with extensive R&D activities. They have also been establishing partnerships with other businesses, which is leading to market consolidation while reducing the overall competition in the aroma chemicals industry. Owing to this, new companies are being attracted to invest in the market, thus driving market growth. Moreover, recent studies suggest some of the aromatic chemicals in the formulation of perfumes exhibited either endocrine-disrupting properties or allergic reactions in the users. Due to such results, manufacturers have started utilizing natural aroma chemicals during the composition of perfumes. Several authoritative bodies across the globe are also implementing strict regulations in favor of green fragrances. For instance, the new rules introduced by the European Union (EU) require producers to indicate if the perfume contains any of the potential fragrance allergens. Along with this, the US Food and Drug Administration (USFDA) recently launched a survey of safety practices and manufacturing standards, which targets the cosmetics industry and aims at preventing the utilization of any potentially harmful chemicals. The emerging trend of aromatherapy and enhanced focus on R&D in the field of biochemical sciences are some of the other factors contributing to the market growth. Looking forward, IMARC Group expects the global aroma chemicals market to continue its moderate growth during the next five years.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/aroma-chemicals-market
Key Insights from the Report:
Breakup by Type
1. Natural
2. Synthetic
The report has bifurcated the market according to the type, which consists of natural and synthetic chemicals.
Breakup by Product
1. Benzenoids
2. Musk Chemicals
3. Terpenoids
4. Others
The market has been segmented on the basis of the product, which includes benzenoids, musk chemicals, terpenoids and others.
Breakup by Application
1. Soaps and Detergents
2. Cosmetics and Toiletries
3. Fine Fragrances
4. Others
Based on the application, the market has been categorized as soaps and detergents, cosmetics and toiletries, fine fragrances, and others.
Breakup by Region
1. Asia Pacific
2. Europe
3. North America
4. Middle East and Africa
5. Latin America
On the geographical front, the aroma chemicals market is divided into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.
Competitive Landscape
The report has also examined the competitive landscape of the market with profiles of major players that are currently operating in the industry.
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Advanced Phase Change Materials Market Analysis, Recent Trends and Regional Growth Forecast by 2025
According to the latest report by IMARC Group, titled “Advanced Phase Change Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global advanced phase change materials market reached a value of US$ 1,250 Million in 2019. Phase change materials (PCMs) refer to substances used for storing and releasing large amounts of energy generated in a thermodynamic system. When a PCM freezes, it releases energy in the form of latent heat at a relatively constant temperature, whereas, it absorbs a large amount of heat from the environment when it melts. These changes can take place in any combination of three phases of a substance including liquid, solid or gas. Amongst these, the transition between solid and liquid phases in advanced PCMs is considered to be the most viable commercially. At present, there are three main types of advanced PCMs available in the market, namely salt hydrates, paraffin wax, and other fatty-acid-based phase change materials.
Market Trends:
Advanced PCMs help in conserving energy, especially in applications like building and construction and HVAC, owing to which they are increasingly being used in commercial buildings for saving energy. The increasing utilization of microencapsulation technologies in the construction and textile sectors is also influencing the growth of the advanced PCM market. Apart from this, the manufacturers are rapidly shifting from traditional petroleum-based PCMs towards biodegradable, bio-based PCMs which is further providing a thrust to the escalating demand for advanced PCMs. However, the expensive nature of PCMs, as well as the lack of awareness among the consumers regarding the benefits offered by them, is currently hindering the growth of the market. Looking forward, IMARC Group expects the global advanced phase change materials market to continue its strong growth during the next five years.
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Insights on Market Segmentation:
Breakup by Type:
1. Organic PCM
2. Inorganic PCM
3. Bio-Based PCM
The advanced PCM market has been analyzed on the basis of types which include organic PCM, inorganic PCM and bio-based PCM. Amongst these, organic PCM is the most common type of advanced PCMs.
Breakup by Form:
1. Encapsulated
2. Non-Encapsulated
On the basis of form, the market is categorized into encapsulated and non-encapsulated PCMs. At present, encapsulated PCMs represent the biggest segment.
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Breakup by Application:
1. Building and Construction
2. Packaging
3. HVAC
4. Textiles
5. Electronics
6. Others
Based on the various applications of advanced PCMs, the market has been segregated into building and construction, packaging, HVAC, textiles, electronics and others. Amongst these, the building and construction sector exhibits a clear dominance in the market.
Breakup by Region:
1. Europe
2. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
On a regional basis, Europe represents the largest market for advanced PCMs, holding the majority of the market share. This is the result of increasing emphasis on energy security along with a growth in the construction industry across the region. Europe is followed by North America, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape:
The competitive landscape of the global advanced PCM market has been examined with some of the key players being BASF, Cryopak, Entropy Solutions, Honeywell International, Outlast Technologies, Climator, Croda International, PCM Products, Phase Change Energy Solutions, PLUSS Advanced Technologies, RGEES, Rubitherm Technologies, Salca and SGL Group.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
Chemical and Materials Market Research Report 