Bulk Chemicals

Titanium Dioxide (TiO2) Market Size, Share | Industry Report, 2024

Posted on July 7, 2017

The global titanium dioxide market is expected to reach USD 27.49 billion by 2024 owing to the increasing demand of titanium dioxide in paper, paint & coating, cosmetics, and plastic industries. In 2014, DuPont Titanium Technologies started a manufacturing facility in Alamira, Mexico having a capacity of 200,000 tons/year which will help in fulfilling the demand worldwide.

tio2 market

Rising demand for lightweight automobiles is expected to play a vital role in the growth of global titanium dioxide market. Materials such as polycarbonates are used in the manufacturing of lightweight automotive which have low scratch resistance value. Also, the product is used in various industries such as chemical intermediates, fiber, technical titanium, inks for printer and rubber.

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Keeping these driving factors in mind, companies are ramping up their production capacity. In 2015, PPG International entered into a partnership agreement with Henan Billions Chemicals Co. LTD. to set up a new manufacturing unit for titanium dioxide which is expected to produce 100,000 metric tons per year to expand its footprint in Asia Pacific. Companies such as Argex Titanium are using unique patented CTL process which involves low-cost feedstock material and solvent extraction method to produce a high-quality product.

Also, companies are focusing on increasing the applications of titanium dioxide int water treatment using techniques such as photocatalysis, in which titanium dioxide is used to speed up the solar disinfection process.

In 2016, paint & coating segment contributed 57.4% in terms of revenue. It was also extensively used in the plastics industry, paper industry, inks, and other specialty segments. The growth of these sectors is expected to boost the market positively over the next few years.

The plastic industry was the second largest segment due to the increasing applications as an excellent thermal stabilizer. In 2016 plastics segment contributed 23.2% in terms of revenue and is expected to grow with a positive CAGR during the forecast period.

Paper industry is the third largest user of titanium dioxide and contributed 10.4% in terms of revenue globally. Titanium dioxide is used in the manufacturing of decorative papers, these are used in the manufacturing of flooring, furniture, and wallpapers. Demand for high-end furniture is increasing which is expected to boost the demand for titanium dioxide. The paper industry is expected to contribute about 10.4% during the forecast period.

The global titanium dioxide market is expected to grow at a very lucrative rate due to its use in various above-mentioned industries. Also, titanium dioxide is used as a substitute for talc and kaolin which in turn is expected to boost the market for titanium dioxide.

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Global Acetone Market Size Expected To Reach $22.10 Billion By 2024 | Hexa Research

Posted on June 29, 2017 Updated on June 29, 2017

The global acetone market size was USD 5.75 billion in 2016. Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products. It is also used in the manufacturing of Methyl Methacrylate & Bisphenol-A.

Polycarbonate plastic is derived from Bisphenol-A. An increasing use of polycarbonate in the automotive industry is one of the key growth factors for the acetone market. Polycarbonate is increasingly used as a substitute for metal and glass in the automotive industry.

Automotive manufacturers are increasingly using polycarbonate for lighting applications, such as light housing, headlamp lenses, bezels that require transparency, high-temperature resistance, it also offers better functional integration and designing freedom to vendors. An increasing demand for light vehicles with improved fuel efficiency is driving the manufacturers to depend on polycarbonate that helps to reduce the weight of the vehicles.

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Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and the automotive industry is a key factor for the growth of the acetone market. Keeping these driving factors in mind companies are increasing their production capacity in order to meet the global demand. For instance, Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores in setting up a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in the region.

In 2016, Asia Pacific was the largest revenue generating owing to the development of automotive and electronics industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand for acetone. An increasing demand for bio-based acetone and strict government regulations is expected to slow the market growth of acetone. Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.

This entry was posted in Bulk Chemicals and tagged Acetone Market, Acetone Market Analysis, Acetone Market Size.

Bioplastics Market By Types, Application & Forecast 2024 | Hexa Research

Posted on June 19, 2017 Updated on June 19, 2017

The global bioplastic packaging market to reach USD 34.24 billion by 2024, driven by the rising consumer demand for resource efficient and eco-friendly products. Europe was the largest market accounting for 32.7% of the volume share in 2016 due to supporting regulations coupled with consumer awareness regarding the conservation of the environment. North America and Asia-Pacific followed suit, where the regions together are expected to contribute USD 3.26 billion by 2024.

Bioplastics Market

Keeping these driving factors in mind, companies are ramping up their production capacity as well as foraying into R&D of application of new biopolymers into mainstream applications. For instance, in October 2016, BASF and Avantium entered into a joint venture to form Synvina JV, which will manufacture and market FDCA and PEF. Synvina JV has a production capacity of 50,000 metric tons per year for FDCA and PEF.

Moreover, companies are focusing on R&D to expand the utilization of different raw materials such as PBS, PLA, and PBAT in various mainstream packaging applications. For instance, in April 2017, UK-based Biome Bioplastics developed a fully compostable and recyclable coffee cup made entirely from bioplastic materials. These factors together are expected to provide an impetus to the growth of the bioplastic packaging market over the next seven years.

PET dominated the global market contributing to USD 1.84 billion in 2016. The polymer was extensively used in rigid packaging on account of its high durability, transparency, and ease of moldability. Initiatives undertaken by companies such as Coca-Cola, P&G, and Heinz to use bio-based materials for packing beverages, sauces & spreads and cosmetics is expected to bolster the growth of the rigid packaging market.

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Increasing demand for flexible packaging solutions on account of several benefits including size and weight particularly in food applications coupled with rising demand for biodegradable films is anticipated to boost the growth of the market. The segment is expected to grow at a volume CAGR of 20.6% from 2017 to 2024.

Food packaging accounted for 9% of the overall market share in 2016 and is likely to witness above average growth as a result of rising consumer requirement for eco-friendly packaging. Aesthetic attributes such as transparency, size, weight, and presentation are expected to drive the growth of the segment over the projected period.

The growth of the global bioplastic packaging industry driven primarily by consumer demand is also likely to be favored by the implementation of stringent regulations for its synthetic counterparts. Despite the fall in crude oil prices, companies such as BASF, Arkema Dow, Solvay, and Braskem are continuing production at their facilities and focusing on R&D. These factors are likely to result in a tremendous growth of the global bioplastic packaging market growing at a revenue CAGR of 28.3% over the next seven years.

This entry was posted in Bulk Chemicals and tagged Bioplastics Market, Bioplastics Market Application, Bioplastics Market Forecast.

Aerospace Plastics Market To Grow At CAGR Above 10% Till 2024

Posted on May 25, 2017 Updated on May 25, 2017

The global aerospace plastics market stood nearly 57 kilotons in 2014. It is estimated to grow at over 10 percent CAGR from 2016 to 2024 (forecast period). Regulatory policies coupled with robust fiscal aid should be the key market propeller. The market will also be driven by usage in airplanes, alternatives for steel & aluminium, and expansion in the aviation industry.

The aviation industry is likely to observe high growth across Middle Eastern nations; like Qatar, U.A.E., and Saudi Arabia. Higher air traffic in defense & commercial sectors has contributed sales for the North American market. Strict policies on petrol-based products can hamper feed stock (high-grade plastics, etc.) availability.

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Moreover, adoption of carbon fibers in other applications may limit the availability of raw materials. Airplane manufacturers have begun employing a blend of thermoplastic & metal composites to lower fuel emissions and ensure passenger convenience. The aerospace plastics market is fragmented by applications, polymers, end-users, and geographies.

Applications comprise wings & rotor blades, air-frame & fuselage, and cabin areas. Air-frame & fuselage was the biggest segment in 2013. Demand for aerospace plastics in wings & rotor blades surpassed 7, 900 tons in 2014. ‘Plastics adoption’ in wings makes the latter quite resistant to metal fatigue. Demand for cabin area applications would grow at over 5 percent CAGR till 2024.

Polymers are polyether ketone ketone (PEKK), polyether ether ketone (PEEK), and polymethyl methacrylate (PMMA). PEKK was nearly USD 74.5 million in 2014. It has high ‘glass transition temperature’ & ‘mechanical load.’ PMMA generated around USD 168 million in 2014. It is used in flight decks & cockpits owing to its lightweight features.

Aerospace plastics do not rust and can function better than other materials. This characteristic bodes well for the aerospace plastics market and drives its incomes. End-users consist of military aircraft, general aviation, and commercial & freighter aircraft. Commercial & freighter was the biggest segment in 2013. Military aircraft are likely to experience the fastest growth.

Geographical regions encompass Europe, Asia Pacific, North America, and rest of the world. Europe dominated the global market in 2013. This region and Asia Pacific may be lucrative in the near future.

This entry was posted in Bulk Chemicals and tagged Aerospace plastics, Aerospace plastics market.

Oil Spill Management Market To Surpass $125 Billion By 2024

Posted on May 23, 2017

The global oil spill management market size is projected to grow beyond USD 125.62 billion by 2024. Growing incidents of oil spilling in the past along with severe safety and environmental policies are likely to propel the market over the forecast phase (2016-2024). Also, escalating pipeline and seaborne shipping of crude oil and chemicals could positively impact the market further.

The market is fragmented by technologies, techniques, applications, and regions. Technologies are Pre-oil spill and Post-oil spill. Pre-oil spill segment is divided into double-hull, pipeline, leak detection, blow-out preventers, and others. Double-hulling was the dominant segment in 2015 with highest shares.

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Marine trade registers for a majority of petroleum products and natural gas transportation. Mounting demand for crude and petroleum products oil in Europe and Asia Pacific will boost the maritime trade growth further. Post-oil spill segments are mechanical, chemical, biological, and physical. Chemical and mechanical containment and recovery are the techniques used in the industry.

By applications, the market can be sliced into pre-oil spill management a post-oil spill management. Pre-oil spill covers onshore and offshore sectors. The offshore segment recorded the maximum shares in 2015. It consumed approximately 70% of the total demand in that year.

Post-oil spill management also includes of onshore and offshore segments. In 2015, onshore post-oil spill sector was valued close to 60% of the total market demand. Regions such as Norway, U.S, Mexico, Canada, U.S., China, and Nigeria have observed well blowouts and occurrences of pipeline breakdowns. This could be accredited to huge market diffusion in past

Main regions in the market encompass North America, Europe, Asia-Pacific, the Middle East and Africa (MEA), and Central & South America. North America was the leading market for pre-oil spill management. It was estimated at 40.1% of total demand in 2015. This region will potentially face lucrative demand due to production activities and increasing oil & gas discovery. Pre-oil spill management shares in Asia Pacific will gain over USD 21,540 million by 2024. It is mounting at a healthy CAGR of 4.2% in the review phase.

Profits to determine hydrocarbon reserves noticeably and supportive government initiatives in the form of fiscal support in India and China could drive the regional demand. Top-most companies in the global oil spill management market include OMI Environmental Solutions, Skim Oil Inc., American Green Ventures Inc., and Spill Response Services.

This entry was posted in Bulk Chemicals and tagged Oil Spill Management, Oil Spill Management Market.

Global Glycolic Acid Market Is Expected To Witness Momentous Growth, 2014 To 2020

Posted on February 15, 2016 Updated on May 19, 2017

Global Glycolic Acid Market is expected to witness momentous growth owing to increasing application in major end-use industries including personal care and household cleaning over the forecast period. Rising concern over skin and hair problem among youth is expected to be the major factor driving the global glycolic acid market over the foreseeable period.

Growing anti-aging products demand among young inhabitants is further likely to propel the market growth in the future. Glycolic acid finds application in industrial products such as PET bottles and medical sutures. Increasing shore up for the biodegradable product is anticipated to have a positive impact on the global glycolic acid market over the next six years.

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Polyglycolic acid (PGA) is a derivative product of a glycolic acid and is used in manufacturing surgical sutures. Growing PGA demand owing to increasing use of medical equipment is projected to compel the market over the forecast period. Glycolic acid is used as an ingredient in shampoos, face peels, ointments, and moisturizers. Growing personal care products demand coupled with increasing consumer awareness of the use of biodegradable products are expected to create an opportunity for the market players over the foreseeable period.

Water treatment is the also one of the major end-use application segment. Growing need of water owing to increasing population is expected to be the major factor driving the market for the foreseeable period. However, availability of salicylic acid as an alternative is expected to hinder the market growth in the future.

High consumption of concentrated glycolic acid may lead to skin burns. This hazardous factor is expected to restrain the global glycolic acid market in the future. The household cleaner is among the key glycolic acid application segment. Increasing household cleaner demand is further expected to propel the market growth over the forecast period.

Glycolic acid is used as a dyeing and tanning agent in the textile industry. Growing textile industry owing to shift in fashion toward new lifestyle is likely to propel the market growth in the future. Glycolic acid finds application in food processing as a flavoring agent and as a preservative. Growing packaged food demand is further expected to drive the global glycolic acid market over the foreseeable period.

Glycolic acid often finds application in adhesives and plastics. Increasing adhesives demand in the furniture industry is likely to fuel market growth over the next six years. Glycolic acid is also used as surface treatment, which finds application in tile flooring. Growing building & construction industry in emerging economies including Brazil, India, China, and Argentina is expected to drive the glycolic acid market in this region.

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North America was a major regional glycolic acid market in 2013. Increasing medical equipment demand in U.S. and Canada is expected to drive North America glycolic acid market over the forecast period. Increasing packaged food consumption in U.S. is expected to be the major factor driving the market in North America. Stringent government regulation associated with glycolic acid for use in personal care product is expected to restrain the market over the foreseeable period.

Europe is the second major glycolic acid market. Increasing personal care products such as hair and skin care among young consumers in Europe is further anticipated to drive the market growth in this region over the forecast period. Increasing personal care concerns coupled with changing lifestyle in countries such as India and China is expected to drive the Asia Pacific market over the foreseeable period. Growing textile industry owing to increasing population in emerging nations of Asia Pacific is expected to propel the market growth in this region over next six years.

The global glycolic acid market is highly dominated by top players. DuPont is among the top players operating in the global market. Some other key players operating globally include CrossChem LP, Phibro Animal Health Corp., Chemsolv Inc., and Parchem.

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This entry was posted in Bulk Chemicals and tagged 2016 Glycolic Acid Market Price and Costs, Global Glycolic Acid Business Growth, Glycolic Acid Market Share and Size.

Acrylonitrile Butadiene Styrene Market Size, Share, Competitive Strategies And Forecasts, 2012-2020

Posted on January 19, 2016 Updated on May 19, 2017

Increasing light weight components demand in automobile industry is anticipated to fuel the global acrylonitrile butadiene styrene (ABS) market growth over the forecast period. ABS comprises durability and high strength at low temperatures, chemical resistance, heat resistance and also easy manufacturing process.

These properties attract manufacturers to use ABS as a raw material for industrial as well as consumer product applications such as construction material, consumer goods, automotive exterior and interior parts and appliances. ABS is used to produce end products through various thermoplastic manufacturing methods such as extrusion, blow and injection molding. A variety of ABS grades are available in the market and chosen for the applications based on mechanical and physical properties of the raw material polymer used.

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Plastics are being majorly used in industries as they provide a significant weight reduction in the components. ABS applications are increasing in automotive industry due to above mentioned aspect which also helps to enhance fuel efficiency. A 10% weight reduction results in 5% to 7% fuel savings which is considerable aspect related to consumers. In addition to this, it also reduces carbon dioxide emission over the vehicle life cycle. Growing appliance market demand in China is expected to fuel the ABS market demand over the next five years.

However, existence of functional substitutes is anticipated to replace the ABS applications in end-use industries. But ABS has replaced many materials such as metals, ceramics, nylon and wood from end-use applications. Recent developments related to technology advancements in product development particularly bio-based products are expected to replace ABS in the near future. Technology advancement to expand ABS applications in other sectors is anticipated to offset this negative impact on the market over the forecast period.

Automotive segment was the dominant application market in 2013 and is expected to witness fastest growth over the next five years. ABS is broadly used to manufacture center consoles, headliners, trims and interior grills. It is also utilized for exterior parts such as bumpers, handles, carriers and panels owing to its strength, toughness and rigidity. The product growth is anticipated to spur over the next five years due to improved favorable regulations and increased concern about fuel economy and weight.

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Electrical and electronics contributed to the second major consumer market accounting for over 20% of the total demand. Easy manufacturing process and fabrication makes it better raw material for electrical industry. ABS provides a series of applications in the electrical industry owing to better insulation property. Other product applications include construction material, appliance, and consumer goods. China was the dominant ABS regional market accounting for over 55% of the total demand in 2013. China is the dominant consumer and manufacturer of ABS across the world owing to numerous existing end-user industries in the region and low operating and labor costs.

In addition to this several other companies has shifted their manufacturing facilities to the region from west on account of above-mentioned reasons. Other countries in Asia such as India, Indonesia, South Korea Taiwan and Japan are also anticipated to show a rapid growth for the global ABS market over the next five years. This is driven by the increasing construction activities and industrialization in the region. The region still contributes to the low consumption of ABS products which is expected to be a scope for further growth in the region. India is projected to be the most emerging market in the region owing to growing application industries.
Global ABS market is fairly concentrated with major four participants accounting for over 60% of the total demand in 2013. The major market players in the global market include Formosa Plastic Company, Chi Mei Corporation, LG Chemical, Styrolution, Kumho Petrochemical Company, SABIC, and Styron.

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This entry was posted in Bulk Chemicals and tagged 2016 Acrylonitrile Butadiene Styrene (ABS) Market Forecasts, Acrylonitrile Butadiene Styrene (ABS) Business Overview and Analysis, Acrylonitrile Butadiene Styrene (ABS) Market Share and Size.