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Castor Oil And Derivatives Market with Current Trends Analysis -2022

Rise in petrochemical prices coupled with growing end-use commercial activity and demand for the sustainable and renewable source is expected to compel the market growth over the next eight years. The Global Castor Oil and Derivatives Market is expected to reach USD 2.30 billion by 2024, according to a new report by Grand View Research, Inc. The market is estimated to witness a high growth owing to increase in demand for biodegradable products and increasing trend to reduce dependence on petrochemicals are expected to foster the market growth. Asia Pacific dominated the overall market. Growth in end-use markets such as personal care, lubricants, and pharmaceuticals is presumed to fuel the regional demand over the next eight years. Easy availability of castor seed is presumed to contribute to the regional industry development. Rising demand for renewable sources is estimated to fuel the market consumption. Thus, Asia Pacific is projected to witness rapid growth ov...

Strategic Overview of U.S. Esters Market Trend| 2019 – 2022

Growing consumer awareness towards bio-based ingredients in cosmetic and surfactants sector is expected to play a key role in driving industry growth over the next seven years. The US Esters Market is expected to reach USD 4.34 billion by 2022, according to a new report by Grand View Research, Inc. Surging fatty acid and allyl & aromatic esters demand can be attributed to growing personal care industry in the U.S. In addition, chemical functions such as stabilization of colloidal dispersions and detergency have contributed to its significant demand in cosmetic and soap applications. Acrylic esters emerged as the leading product segment with demand share estimated at 42.3% in 2014. High penetration of this segment can be attributed to methyl acrylate that has significant demand in coatings, adhesives, sealants, and elastomers (CASE) application. CASE segment was valued at 172.9 million in 2014. In addition, it is also used in producing woven & non-woven textil...

Latest Trends in the Bio Based Construction Polymers Market by 2024

Rising bio-based polymer demand in various applications in the construction sector such as cladding panel, FRP bridge section, and glazing sealant is expected to remain a key driving force for the market growth. The Global Bio Based Construction Polymers Market is expected to reach USD 33.26 billion by 2024 according to a new report by Grand View Research, Inc. Increasing regulatory intervention to decrease the dependency on petrochemical products and to reduce carbon and Green House Gas (GHG) emissions has driven end use industries to adopt bio based products as a replacement to fossil fuel based polymer. Policies such as Lead Market Initiative and Bio-preferred are anticipated to encourage the use of bio-based raw material for polymer production. High demand for epoxies and cellulose acetate coupled with growing construction activities in emerging economies of Asia Pacific and South America such as China, India, and Brazil are anticipated to fuel industry growth si...

9-Decanoic Acid Methyl Ester Market by Key Players, Growth, Regions and Forecast to 2025

Rising awareness regarding the use of green chemicals coupled with rapidly growing demand for esters in flavors & fragrances industry is likely to boost 9-decanoic acid methyl ester consumption in upcoming years. The increasing number of biorefineries to fulfill ever rising biodiesel and other bio-chemicals’ demand is expected to trigger its production over the forecast period. The Global 9-Decanoic Acid Methyl Ester Market is expected to reach USD 240.0 million by 2025, according to a new report by Grand View Research, Inc. The price for decanoic acid methyl esters is higher than its synthetic counterparts owing to the involvement of specialized processes such as metathesis, which require costly catalysts. Further, these processes are time and energy consuming which in turn leads to high production cost, thus pushing the overall price of product upwards. The flavors & fragrances application segment is predicted to gain traction over the forecast period. The ...

Biolubricants Market Global Status and Current Scenario by 2024

Increasing passenger car sales in emerging economies is one of the major drivers of industry expansion in recent years. The favorable regulatory framework is expected to encourage the production & consumption of bio-based lubricants over the forecast period. The U.S. EPA has implemented regulations that require all marine vessels to obtain the mandatory Vessel General Permit (VGP) for plying in the U.S. waters & also utilize environment-friendly, acceptable lubricants in all oil-to-sea interfaces. The Global Biolubricants Market is expected to reach USD 2.92 billion by 2024, according to a new report by Grand View Research, Inc. Various environmental issues associated with conventional lubricants are driving the demand for vegetable & plant-based lubricants. The product segment is anticipated to benefit from the growing demand from industrial & transportation sectors in developed regions. Vegetable oil was the leading raw material used for biolubrican...

Cellulose Fiber Market Global Professional Survey 2019

The increasing gap between the demand and production of natural cellulose fiber across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth. The Global Cellulose Fiber Market is expected to reach USD 48.37 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for eco-friendly and biodegradable fiber, especially in textile and hygiene industry is driving the cellulose fiber market. The production of synthetic or man-made fiber includes the industrial processing of wood pulp derived from botanical sources. However, the manufacturing of cellulose fiber entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fiber used extensively across end-use industries. The c...

Long Chain Dicarboxylic Acid Market -Industry News, Applications and Trends!

Rising product use as LCDA applications such as nylon & other polyamide, powder coatings and lubricants will augment market growth over the next nine years. The Global Long Chain Dicarboxylic Acid Market is expected to reach USD 300.3 million by 2025, according to a new report by Grand View Research, Inc. The increasing use of long chain dicarboxylic acid as precursor in manufacturing of nylon & other polyamides, powder coatings, lubricants, adhesives, and corrosion inhibitors, applications will fuel the long chain dicarboxylic acid demand. Rising application scope of nylon & other polyamides in automotive and building construction is expected to propel long chain dicarboxylic acid growth over the forecast period. Long chain dicarboxylic acid is employed as a key bio-based product for manufacturing in various applications. LCDA is an environmentally degradable product which makes its suitable for compliance with various regulatory norms laid by REACH and ...