Chemical Planet

Rising environmental awareness due to initiatives taken by environmental organizations and increasing demand from the packaging & label industry is likely to stoke the growth of the market. The Global Synthetic Paper Market size is projected to reach USD 1.3 billion by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.1% during the forecast period. Synthetic paper is recyclable and wastes linked to the production are collected by a recycling company and processed as raw materials for other plastics. Unlike traditional paper, which can only be recycled four to five times at the most, synthetic paper can be recycled for unlimited number of times. Furthermore, it is water resistant, dustproof, tears resistant, and heat resistant. Synthetic papers are durable and tear resistant, which makes them suitable for a variety of blister packaging applications. Its usage has been increasing in the pharmaceutical sector, especially with products kn...

Increasing use of plastic packaging in widespread applications, including food and beverages, personal care, household care, consumer electronics, and construction, is likely to drive industry growth over the forecast period. The Global Plastic Packaging Market size is expected to reach USD 269.6 billion by 2025 and will register a CAGR of 3.9% during the forecast period, according to a new report by Grand View Research, Inc. Higher demand for flexible and functional packaging, largely for packaged food, frozen foods and beverages, is projected to positively impact segment growth in the near future. Furthermore, rapidly increasing use of rigid packaging containers and canisters for industrial applications in construction, energy, and automotive sectors is expected to benefit market growth over the forecast period. Increasing penetration of bottles and pouches in medical applications is also expected to benefit market growth. These products are being used for storage in the for...

Rising demand from automotive and building and construction industries is likely to drive the market growth. Polymer foams are widely utilized in combination with other materials in various composite constructions, high-resilience foam seating, rigid insulation panels, automotive components, carpet underlays, upholstery stuffing, packaging, and other such applications. The Global Polymer Foam Market size is expected to reach USD 207.9 billion by 2024, according to a new report by Grand View Research, Inc. It is projected to expand at a 6.6% CAGR over the forecast period. Polymer foam is widely used in building and construction, furniture and bedding, packaging and automotive among other applications. Rigid foams are used primarily as an insulation material in construction and refrigeration applications. This foam is energy-efficient and helps in cutting energy costs. Flexible foams are used mainly as a cushioning material in transportation, furniture, bedding, carpet underlay,...

In 2013, The Global Clear Brine Fluids Market was worth USD 926.7 million. As of May 2013, the count for global rig was noted to be around 3,400. This increase in drilling activities has driven the demand for global rig count which has also contributed to fuel the growth of clear brine fluids market across the globe. The Global Clear Brine Fluids Market to grow at a CAGR of 11.9% from 2014 to 2020, according to a new report by Grand View Research, Inc. Move towards the growth of alternative energy resources such as CBM, tight gas, and shale gas mainly in China and the U.S. is anticipated to drive the growth of the global market. The Golden Triangle denotes oil & gas reserves of deep water wrapping offshore Brazil, offshore West Africa and the U.S. Gulf of Mexico (USGOM). Moreover, increased investment for deep water investigation mainly in the region is also projected to increase the demand for global clear brine fluids market. Egypt, Gulf of Mexico, the U.S., China, and R...

Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry. Global Naphtha Market size was 270.7 million tons in 2014 and is anticipated to grow at a CAGR of 3.4% from 2015 to 2022. Naphtha is an essential part of hydrocarbon cracking process, which is conducted under extreme pressure and heat, as it exhibits superior heat resistant properties. Various environmental regulations and region dependent pricing also make the choice for usage of naphtha materials in the production process. The global demand is estimated to be worth USD 183.38 billion by 2022. Chemical feedstock was the largest application of naphtha accounting for 65% of the total market share in 2014 and is anticipated to grow at a CAGR of 7.7% over the forecast period. Chemical feedstock is used for steam cracking process which produces gasoline. Growing demand for gasoline is expected to...

Growing thermic fluid demand from concentrated solar power plants is expected to be a key driving factor for market demand over the next six years. Thermic fluids are used to transfer and store heat utilized for producing electricity. In addition, positive outlook on food and beverages market is also expected to enhance market penetration for food grade thermic fluids. The Global Thermic Fluids Market is expected to reach USD 3.45 billion by 2020, according to a new study by Grand View Research, Inc. Mineral oils emerged as the leading product segment in the global market and accounted for 41.7% of the total thermic fluid volume in 2013. Mineral oils were followed by aromatic based thermic fluids, however, glycol based thermic fluids are expected to be the fastest growing product segment, at an estimated CAGR of 7.9% from 2014 to 2020. Increasing Concentrated Solar Power (CSP) capacity, mainly in the U.S. and Spain is expected to boost the demand for thermic fluids for these app...

Growing demand for tires (both OEM and replacement) on account of an upturn in the automotive industry, particularly in China, India and Brazil, is expected to remain a key driving factor for the global market. In addition, growing demand for ABS on account of increasing demand for high performance plastics from automotive industry is also expected to have a positive influence on the global market. The Global 1,3 Butadiene (BD) Market is expected to reach USD 33.01 billion by 2020, according to a new study by Grand View Research, Inc. Volatile raw material prices coupled with stringent regulatory scenario is expected to remain key challenges for market participants. In order to overcome such challenges, industry has shifted its focus towards developing bio-based routes to manufacture 1,3 butadiene. Butadiene rubber emerged as the leading application segment for BD and accounted for 30.8% of total market volume in 2013. More than two third of butadiene rubber goes for manufactu...

High machinery demand in automobile, food & beverage and packaging industry is expected to fuel product market over the next seven years. The Global Slideway Oil Market is expected to reach USD 94.78 billion by 2022, according to a new report by Grand View Research, Inc. Rapid industrialization in emerging economies of BRICS on account of favorable foreign investment norms, availability of large pool of skilled labor and technological know-how is expected to have a positive impact on the sector over the forecast period. Increasing R&D expenditure for introduction of improved product grades is expected to promote demand over the next seven years. Stringent regulations restraining product use primarily in food & beverage manufacturing machinery is likely to hamper industry growth. Technological innovations pertaining to improving efficiency and anti-slip properties is expected to have a positive impact on the market over the next seven years. ISO VG 68 was the larges...

Rising need in various application segments including 1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for the product over the next seven years. Healthcare sector growth on account of rising health awareness among consumers in emerging economies of Asia Pacific is expected to have a positive impact on the industry over the forecast period. The Global Succinic Acid Market is expected to reach USD 237.8 million by 2022, according to a new report by Grand View Research, Inc. Fluctuation of raw material prices, fuel, and energy costs are expected to hamper overall cost of the product, which in turn is expected to challenge demand. In addition, major companies are focusing on the manufacturing of the product through bio-based routes. This is expected to restrain growth over the forecast period. Growing political and regulatory pressures on chemical companies to reduce carbon emissions coupled with growing concerns over depleting f...

Growing exploration activities coupled with increasing number of E&P companies in Oman, UAE, Saudi Arabia and Qatar which are expected to improve the output of conventional oil & gas fields. Rising concern towards maintenance costs in deep water projects, and dipping downhole losses are expected to propel demand in the region over the next seven years. Middle East Drilling Fluid Market size was worth USD 1.45 billion in 2014 and is estimated to reach USD 2.19 billion by 2022. Rising production of hydrocarbons due to increasing natural gas and crude oil demand in different industrial divisions including transportation and power is expected to propel growth over the forecast period. Drilling fluid market is expected to witness high demand owing to increasing rate of ultra-deep sea and deep sea explorations principally in the Red Sea and the Persian Gulf. The requirement of high efficiency in order to extract various forms of hydrocarbons and technological advancements in...

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...

Stringent regulations regarding the permissible amount of carbon emission in the atmosphere are expected to remain a key driving factor for global lubricant additives market. Additive prices witnessed a significant decline in 2015 as a result of fluctuations in prices of key raw materials. Their prices are heavily dependent on prices of calcium carbonate, zinc metal, and crude oil. The Global Lubricant Additives Market is expected to reach USD 18.85 billion by 2024, according to a new report by Grand View Research, Inc. Viscosity index improvers were the leading product segment with demand share estimated at 23.3% in 2015. Friction modifiers, which act as a cushion between two coated surfaces thereby minimizing surface contacts, are expected to register highest volume growth of 3.5% over the forecast period. Automotive lubricants were the largest application segment and accounted for over 59.5% of total market volume in 2015. Increasing passenger car production and consequen...

Rising number of trade activities in Asia Pacific and Middle East region has resulted in need for expansion of aviation capacity further driving lubricant demand. The Global Aerospace Lubricant Market is expected to reach USD 998.1 million by 2022, according to a new report by Grand View Research, Inc. Fuel economy improvement, supportive regulatory policies and fuel emission norms have been creating additional demand for lubricant. At the same, these factors have also been pushing producers to invest in R&D and formulate usage specific products with higher serviceability and viscosity. Increasing air passenger traffic as a result of rapidly developing civil aviation sectors in high growth Asian markets coupled with reduced airfares as a result of high competition from aviation companies is a key factor driving aircraft utilizations and miles. This is further expected to complement the global industry growth. To Know More About Aerospace Lubricant Market Please Visit Us @ ...

Rise in infrastructure development in emerging economies including China, India and Brazil has resulted in propelling demand for bitumen in the last few years. Road connectivity is among the most important features of any developed economy. This factor has resulted in product market growth on account of growing need for roads in emerging economies. The Global Bitumen Market is expected to reach USD 79.91 billion by 2024, according to a new report by Grand View Research, Inc. Road widening and rebuilding existing assets including buildings and roads are some key areas where product need is expected to increase constantly. Rising demand from the construction sector has been influencing growth of the product. Changing government requirements owing to environment regulations coupled with low cost roofing solutions are major factors propelling demand for polymer modified bitumen (PMB) in roofing applications. Excellent durability, water resistance and ability to withstand extreme t...

Increasing industrialization in Asia Pacific and the Middle East is expected to remain a key driving factor for global compressor oil market over the forecast period. The Global Compressor Oil Market is expected to reach USD 97.15 billion by 2024, according to a new report by Grand View Research, Inc. Various attributes of compressor oil such as cooling, sealing and lubricating the internal components which ensure continuous operation and helps in reducing downtime and repair is also expected to drive its demand. Moreover, these lubricants maintain the equipment temperature and therefore keep them cool. The equipment heating results in higher power consumption and wear & tear of the machine. Cost optimization practices adopted by various manufacturing companies are also expected to drive demand for compressor oil. It is observed that organizations have been implementing continuous improvement projects to reduce power consumption & maintain continuous operational flow u...

Growing demand for industrial lubricants, greases, hydraulic fluids, and metal working fluids made from raw stock fluids such as base oil is anticipated to remain a key driving factor for the market growth. The Global Base Oil Market is expected to reach USD 40.47 billion by 2024, according to a new report by Grand View Research, Inc. The shifting trend towards adoption of Group II and Group III base oil owing to the shutdown of Group I oil production facilities in Europe, and Asia Pacific is anticipated to fuel industry growth significantly. Rapid expansion in the automotive sector in emerging Asian countries such as China, India, Indonesia, and Thailand is expected to boost demand at a rapid pace. The increasing demand for automotive fluids is owing to excellent properties such as improved oxidative stability, increased viscosity index, high level of saturation and low sulfur content. Group II base oil accounted for over 20% of overall volume in 2015. They are manufactured b...

Increasing consumption of the ingredient in a broad range of applications including adhesives, pharmaceutical, personal care, and textiles is expected to drive market growth over the forecast period. The Global White Oil Market is expected to reach USD 2.60 billion by 2024, according to a new report by Grand View Research, Inc.   Pharmaceutical was one of the largest applications accounting for 21.8% of the overall revenue in 2015. Rising geriatric population and prevalence of diseases is expected to drive the demand for pharmaceuticals, particularly in China, Brazil and South Africa, which in turn is likely to fuel the market for white oil. The Global White Oil Market demand was 2,388.4 kilo tons in 2015 and is expected to show high gains on account of the rapid development of the personal care, pharmaceutical, polymers, and adhesives sectors in China, India, South Africa, Saudi Arabia, Brazil, Singapore, and Thailand Change in consumer tastes in the daily personal car...

Regulatory policies aimed at carcinogenicity of petrochemicals to have a huge impact on industry dynamics and product development sources. The primary market driver is the growing demand for rubber from the automotive industry. The Global Isobutene Market is expected to reach USD 30.71 billion by 2024, according to a new report by Grand View Research, Inc. It used primarily used as a precursor to various chemicals, for instance, in the polymerization reaction with isoprene for the production of polybutene. Polybutene, in simple terms, is butyl rubber used for the production of tires and other synthetic products. Tire production increased exponentially in the emerging countries of Asia Pacific including China and India. This increase in production is attributable to the growing transportation sector in these economies. Factors such as low-cost land for production facilities and easy availability of skilled labor have had a positive impact on the growth trend. Asia Pacific accou...

Increasing shale gas exploration coupled with abundant availability of cheap indigenous crude oil in Middle East & Africa is projected to drive demand. The Global Petrochemicals Market is expected to reach USD 958.8 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for petrochemical products from end-use industries such as automotive, construction, textile, electronics, and pharmaceutical is expected to foster consumption. Government support and favourable policies in Asia Pacific countries such as China and India are anticipated to promote industry growth. Infrastructure development coupled with transportation industry growth in BRICS nation is likely to propel demand. New capacity additions in Middle Eastern countries such as UAE and Saudi Arabia along with low feedstock prices is expected to positively impact supply demand scenario. Advent of technologies such as fluid catalytic cracking and residuum cracking is anticipated t...

Increasing monetary assistance from respective governments in the form of subsidies for LPG coupled with expanding population is expected to drive the market over the forecast period. Growing population and disposable income is projected to push the market growth over the coming years. The Global Butane Market size is expected to reach USD 81.62 billion by 2025, according to a new report by Grand View Research, Inc. Rising industrialization coupled with capacity expansions of refineries in emerging economies of China and India is expected to fuel the butane industry demand. Growing concern regarding the impact of conventional fuel on the environment is projected to boost the LPG application market. Increasing need for energy supply in automotive sectors is anticipated to drive the growth for butane industry. Wide range of applications of butane in petrochemicals, refrigerants, as a fuel for cigarette lighters, as propellants in aerosol sprays is expected to augment the market ...