Chemical Planet

Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the global market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years. The Global Solvent Market is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020. Paints & coatings were the largest application segment for solvents and accounted for ove...

Increasing glacial acrylic acid (GAA) demand in superabsorbent polymers (SAP) production is expected to remain key driving factor for market growth. Growing SAP scope in niche segments including adult incontinence, water treatment chemicals and radiation cured coatings in emerging markets of Asia Pacific and Central & South America is expected to play a significant role in demand development.   The Global Acrylic Acid Market is expected to reach USD 22.55 billion by 2022, according to a new study by Grand View Research, Inc.                                        Acrylate esters were the largest product consumed with demand share estimated over 50% in 2014. Growing demand for derivatives such as ethyl acrylate, butyl acrylate and 2-EHA in paints, coatings and textiles is expected to dr...

Growing isobutanol demand across various end-use industries such as oil & gas and chemical intermediates is expected to drive its demand over the forecast period. Emergence of isobutanol as a platform chemical for producing isobutyl esters has also helped in market penetration. Intrinsic properties associated with isobutanol such as medium volatility and limited miscibility is expected to positively impact market growth. The Global Isobutanol Market is expected to reach USD 1.18 billion by 2022, according to a new report by Grand View Research, Inc. Synthetic isobutanol was the largest product segment and accounted for 58.1% of total market volume in 2014. Bio-based Isobutanol is expected to witness the highest growth of 7.0% from 2015 to 2022. Growing environmental and toxicity concerns coupled with high rate of commercialization of bio-based isobutanol at cheaper prices may be attributed towards product demand. Bio-based isobutanol is extensively being used in renewable jet...

Global Nucleotide Market is expected to witness substantial growth over the forecast period owing to its widespread use in pharmaceuticals and food & beverage industries. Global Nucleotide Market is expected to reach USD 809.3 million by 2022, according to a new report by Grand View Research, Inc. Diagnostic research along with pharmaceutical applications dominated the nucleotide market owning to properties including enhanced immunity, positive effects on the intestines and positive effects of recovery from stress. In addition, growing R&D in the field of dietary nucleotide coupled with yeast-derived nucleotide for livestock nutrition across the globe is expected to propel demand over the forecast period. Gene chips & microarrays market demand in nucleotide was valued over USD 200 million in 2014. Growing popularity of this technology among researchers owing to its ability to run thousands of samples simultaneously in a single experiment under virtually identical cond...

Alpha-amylase is used as an important ingredient for the production of baked goods in order to increase the sugar and dextrin content in the finished product. Increasing importance of enzymes as functional additives in food & beverage applications on account of attributing features including good emulsification properties and self-stabilization effects is expected to remain a crucial factor over the next eight years. The Global Alpha-Amylase Baking Enzyme Market is expected to reach USD 320.1 million by 2024, according to a new report by Grand View Research, Inc. Plant-based alpha-amylase demand was 1,682.6 tons in 2015. Plant-based extracts derived from rice, tobacco leaves, corn, potato and beetroot are also used as a sources for the production of alpha-amylase. Over the past few years, the research institutes of the U.S. and Canada have introduced numerous publications pertaining to the development of alpha-amylase from DNA sequences of these species. Global alpha-amy...

The accelerating use of catalysts for reducing the cost of manufacturing chemicals, petrochemicals and polymers are expected to remain a favorable factor. Also, rising application of catalytic reforming and fluidized bed catalytic cracking for enhancing the yield of light cut and medium cut oils may promote the use of the product over the next eight years. The Global Catalyst Market is expected to reach USD 34.3 billion by 2024, according to a new report by Grand View Research, Inc. In terms of volume, chemical synthesis is expected to witness growth at a CAGR of 3.5% from 2016 to 2024. In September 2014, the Government of India proposed the “Draft National Chemical Policy” which is intended for increasing the country’s global chemical output share from 3% in 2014 to 6% by 2020. The mentioned government initiative about the improvement of the chemical production output in India is expected to open new avenues for growth over the next eight years. The market for chemical compounds as ...

The ability of fermentation chemicals to accelerate the process for the preparation of various products and facilitating cost reduction is expected to remain a key driving factor for the global market. The Global Fermentation Chemicals Market is expected to reach USD 81.14 billion by 2024, according to a new report by Grand View Research, Inc. Favourable regulations proposed by European Commission and EPA promoting green chemistry are also expected to have a positive influence on the market growth. Increased consumer awareness regarding bio-based products has also benefitted the market growth. Intermittent raw material supply is expected to remain a key challenge for market participants. Process complexity involved in fermentation chemical production also adds to the increased product cost. The high cost of these chemicals is expected to restrain the market growth. Alcohol emerged as the leading product segment with demand share exceeding 55% in 2015. As alcoholic beverages are p...