Medium Chain Triglycerides Market Growth by Industry Size, Share, Revenue and Forecast Up to 2023

The expansion of the application sectors for medium chain triglycerides is expected to influence the progress of the market encouragingly. Market reports linked with the chemicals and materials industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is expected to achieve an encouraging CAGR in the period of the forecast.

The health benefits that can be attained from the intake of medium chain triglycerides such as efficient metabolism and proper weight management are expected to bolster market growth positively. The medium chain triglycerides market is expected to make the most of the prospects that can be gained from their use in the treatment of various diseases, in sports supplements and a broad range of cosmetic and personal care products in the coming years.

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Segmental Analysis

The segmental analysis of the medium chain triglycerides market is done on the basis of form, source, acid type, fatty, and application. Based on source, the market is segmented into palm, coconut, and others. By form, the medium chain triglyceride market is bifurcated into liquid form and dry form. Based on fatty acid type, the market is segmented into capric acid, lauric acid, caprylic acid, and caproic acid. By application, the medium chain triglyceride market consists of cosmetic & personal care, dietary supplements, pharmaceuticals, infant nutrition, sports drinks, and others.

Detailed Regional Analysis     

The regional analysis of the medium chain triglycerides market consists of Europe, North America, Asia Pacific, the Middle East, Latin America, and Africa. The Asia Pacific is anticipated to illustrate the maximum development with an escalating CAGR through the forecast period. The increasing population and the escalating personal disposable incomes in the emerging nations have improved the consumption of personal care and cosmetic products which is motivating the development of the medium chain triglycerides market in the region. Additionally, the increasing food industry is also motivating the demand for medium chain triglycerides market. The rising infant population in the region is fuelling the demand for the market in infant nutrition. The North American region is expected to be the prime region in the medium chain triglycerides market. The increasing awareness about the health benefits of medium chain triglycerides is projected to advance the market growth further. Furthermore, the altering lifestyles have improved the incidence of lifestyle disease such as diabetes and obesity that is spurring demand for medium chain triglycerides due to its use as a normal fat replacer.  The European market is projected to demonstrate a CAGR of over 4% in the forecast period. The increasing use of the creams, hair care products and moisturizer has augmented the demand for medium chain triglycerides in the region’s developed cosmetic and personal care industry. The increasing demand for dietary and sports supplements in the region is projected to add to the expansion of the segment notably. Also, the use of medium chain triglycerides in antiviral and antibacterial medicine among others is also optimistically propelling the market growth.

Competitive Analysis

The presence of a productive entity is expected to generate more sales or superior margins compared to its market rivals. The advent of new technology has boosted the growth potential of the market. Substantial cutbacks in administrative finances are bringing further development to the market. The development of a strong value chain is moreover motivating the expansion of the market. The market competitors find themselves in a favorable position with the ability to manage the pace of change. The market shows potential for demonstrating a greater comparative or differential value. The market trends hint at favorable development of the products that can bring in novelty to the product range and address the customer need better.

The significant contenders in the medium chain triglycerides market are KLK Oleo (Malaysia), Sternchemie GmbH & Co KG (Germany), BASF SE (Germany), DuPont (U.S.), Wilmar International Ltd (Singapore), Sternchemie Lipid Technology (Germany), Stepan Company (U.S.), Jarrow Formulas (U.S), Emery Oleochemicals (U.S.), and ABITEC (U.S) among others

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Drilling Fluids Market Analysis, Global share, Size, Emerging Trends, Demand by Region with the Forecast to 2023

Market Analysis

The global drilling fluids market is valued at USD 13,454.5 million, which is projected for the foreseen year 2023 at a registered CAGR of 7.03%. The drilling fluids are now popular since an increase in oil and gas activities across the globe. Drilling fluids are reliable and play a vital role in the exploration process which is created by a mixture of water, oil, clay & several chemicals to maintain cooling of the drill, lubrication of its teeth, maintain stability in the drilling operation and reduction of stucking of drill pipes.

Factors Driving the Global Drilling Fluids Market

The desire to increase energy consumption from various industries such as power, transportation and manufacturing coupling with increased drilling activities in hydrocarbon production has ignited the growth of the global drilling fluids market till 2023. The global drilling fluids market is all set to achieve unprecedented valuation due to drilling activities on the offshore reserve along with the exploration of non-conventional shale gas reserves. These will fuel the demand for drilling fluids in the foreseen years.

The developing global drilling fluids market has also seen an incredible rise due to less CapEx and increasing investments in onshore activities and a little collapse in prices if crude oil and gas during 2014-2016. Some of the leading companies in the market are continuously engaged in designing and planning for drilling fluids as per increasing demands. This has led the market garner more and more investments to cover the decline of market share.

In drilling fluid industry, there are various types of drilling fluids that are utilized in offshore and onshore oil and gas exploration. These are oil-based fluids, water-based fluids, non-aqueous fluids, synthetic fluids, and others. Of these, water-based fluids are widely preferred for usage, which certainly holds the market to grow. Due to minimum toxicity level, these liquids are extensively utilized for offshore drilling activities. Recently, the trend has shifted towards the usage of synthetic fluids over oil-based fluids due to high risk of environmental hazards and affecting flora and fauna in significant ways.

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Market Segmental Analysis

The global drilling fluid market has segments based on type and application.

Water-based drilling fluid tops the global drilling fluid market with a share of 55.90% in 2016 on the market value of USD 4,706.6 Million. This is projected to grow at the highest CAGR of 7.52% during the forecast period. The water-based fluid is less expensive, requires less chemical treatment on disposing of it. The alluring properties such as it being eco-friendly projects the demand in the market.

Next comes, oil-based fluids that held the second largest market in 2016 with a valuation of USD 2,248.0 Million. This is projected to expand at a CAGR of 6.66%. Oil based is preferred for creating greater depths while drilling, thermal stability and reduced corrosion of grilling tools. These factors made the global drilling fluids market upsurge at a higher level than previous years.

By application, onshore activity accounted the most significant market share with 69.40% in 2016 and valuation of USD 5,843.2 million. This is expected to expand at a CAGR of 6.80% during the forecast period. Whereas, offshore activity has the second largest place by the application in 2016 with a valuation of USD 2,576.4 Million. This includes deep-water drilling, shale, and tight oil production and more as seen highly across the globe.

Regional Analysis

Geographically, the global drilling fluid market is segmented in the region of North America, Europe, Asia-Pacific, Middle East & Africa.

The drilling fluids market is expected to see significant growth in the North America region, owing to the increasing number of exploration activities of shale gas. With the help of Government attributes and subsidies for the same to enhance oil and gas production, India and China are also in the line of boosting the demand of drilling fluids and the market in Asia-Pacific region.

Scope of the Report

This study provides an overview of the global drilling fluids market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Latin America Europe, Asia-Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Drilling Fluids market by its concrete type, application, end-use and region.

Global Drilling Fluids Market, By Type

·         Water Based Drilling Fluid

·         Oil-Based Drilling Fluid

·         Synthetic Based Drilling Fluid

Global Drilling Fluids Market, By Application

·         Onshore

·         Offshore

Key Players

Ø  Schlumberger Limited

Ø  Halliburton Inc

Ø  Baker Hughes Incorporated

Ø  Newpark Resources Inc.

Ø  National Oilwell Varco.

Ø  Scomi Group Bhd

Ø  TETRA Technologies, Inc.

Ø  Canadian Energy Services & Technology Corp.

Ø  GEO Drilling Fluids, Inc.

Ø  Anchor Drilling Fluids USA, Inc.

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Construction Additives Market Potential Growth, Share, Demand and Analysis of Key Players by 2023

Market Scenario:

Global construction additives market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The global construction additives market is primarily driven due to growing urbanization, improved quality, and properties of construction materials and high demand for construction additives in developing countries. The construction industry is evolving continuously as huge differences are witnessed between the structures built today and the ones built over a decade ago. Changing lifestyles, rapid urbanization, and the demand for enhanced aesthetics for residential, commercial, and infrastructure, have forced architects and engineers to innovate the design of concrete structures suited for various applications. On the flipside, tight project completion deadlines and the increasing variable costs of construction present a challenge for efficient execution of the construction projects. Construction additives offer the benefits of high quality, increased efficiency, and better finishing. Lack of awareness regarding construction additive techniques and their benefits, along with unstable costs of raw materials, might restrain the demand for this type of construction technique.

Rapid growth in the construction sector is one of the major factors driving the construction additives market. High demand for residential and non-residential buildings has a significant impact on the demand for construction additives, as they are used in the flooring and walls of the buildings. Consumer preferences for improved and high-quality cement are expected to boost the overall product consumption rate in future as cement additives are helpful in increasing product strength, and are capable of providing waterproofing feature, enhanced chemical resistance, color, and high water reduction.

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The construction industry has witnessed a significant change with the introduction of construction additives as they provide flexibility to designers to modify and enhance both, physical and chemical properties of concrete. This includes compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure. However, the rising emissions of toxic chemicals, is expected to hamper the construction additives market growth in the future.

Global construction additives market has been segmented based on type, end-use, and region. The commercial sector is projected to be the fastest-growing segment in the construction additives market during the forecast period. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, modern building techniques, and the utilization of ready-mix concrete in developing countries create growth opportunities for the construction additives market. Whereas, the chemical additives segment is projected to grow at a higher CAGR during the forecast period. This growth can be attributed to factors such as introducing high strength to concrete with less water content, and easy workability. Chemical additive-based concrete finds applications in complex reinforcement models, such as underwater locations, roof decks, foundations, and pavements, where accessibility is the main constraint.

The industry is expected to have a huge number of new entrants over the forecast period owing to continuous developments in construction industry coupled with growing consumer preferences for high-quality cement. The market is also expected to have high expansion activities by multinationals and well-established companies. Mergers and acquisitions are expected to be seen over the forecast period.

The global construction additives market is expected to grow at ~ 7% CAGR during the forecast period.

Global Construction Additives Market The global construction additives market is expected to witness a phenomenal growth during the forecast period. This is due to the considerable growth in the construction industry with population boom along with declining interest rates, which has propelled the housing market in various regions. The growth is primarily attributed to rising incomes from the economic growth have boosted housing and construction market in various countries, which is likely to continue during the forecast years. The Asia Pacific region is currently the leading region in global construction additives market, followed by North-America. Middle East & Africa is also expected to grow at a high CAGR, owing to high construction activities, coupled with increasing demand for enhanced additive products.

Key Players The key players of global construction additives market are BASF SE (Germany), Sika Group (Switzerland), The Dow Chemical Co. (U.S.), W. R. Grace and Company (U.S.), RPM International Inc (U.S.), CHRYSO Group (France) Evonik Industries AG (Germany), Mapei S.p.A (Italy), Fosroc (U.K.) and Cico Group (India).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction additives market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

Asia Pacific Construction Additives market is expected to grow at the highest CAGR

Currently, the Asia Pacific region is the largest consumer of construction additive products. China, U.S., and Germany are among the major markets of construction additives, globally. The Asia Pacific construction additives market is projected to register the highest CAGR during the forecast period. The rising number of infrastructural activities and the population in China, Japan, and Australia, drive the growth of the Asia Pacific construction additives market. Additionally, other emerging economies such as South Africa and countries in the Middle East and South America are experiencing high demand for residential and commercial constructions. The rapid urbanization in these countries demand faster and cheaper construction of buildings and facilities without compromising on quality. The rise in the number of government investments in infrastructural constructions, further boosts the growth potential of the construction additives market in these regions.

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Caustic Soda Market Growth Analysis, Share, Opportunities, Latest News, Forecast to 2027

Caustic Soda Market – Overview:


The widespread use of caustic soda in different industries is increasingly adding to the growth of the market. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is estimated to earn revenues worth USD 56687.66 Million by 2027 while expanding at a 5.92% CAGR in the forecast period.

The amplified growth of the alumina industry is estimated to improve the development of the market considerably in the forecast period. The rising use of aluminum in the transportation sector because of the necessity to use aluminum to decrease vehicle weights and control emissions is the core driving factor for the development of the market. The escalating usage of caustic soda as a bleaching agent is anticipated to lead to the expansion of the market in the duration of the forecast period.

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Segmental Analysis:

The caustic soda market globally is segmented on the basis of application, type, and region. On the basis of type, the market is segmented into flake, lye, and others. On the basis of application, the market is segmented into inorganic chemical, organic chemical, alumina, pulp & paper, textiles, soap & detergents, water treatment, dye & ink and others. On the basis of region, the market is segmented into Asia Pacific, Latin America, North America, Europe, Middle East and Africa.


Detailed Regional Analysis 

The regional analysis of the caustic soda market covers regions such as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. The Asia Pacific region is responsible for the chief market share trailed by the North American and European region. The Asia Pacific region is anticipated to offer enormous growth potential for caustic soda market and is estimated to register the highest CAGR of 6.22 percent during the forecast period. China is responsible for the key market share in the Asia Pacific region and is expected to control the market through the forecast period due to rising end-user industries in the region.
  
Competitive Analysis

The improved level of importance on the variation of products is the number of customers in the market considerably. The extended viability of the market is extremely dependent on the techniques and the strategic roadmaps that are involved by market players. The active combination of supply chain management is recurrently enhancing the development of the market. The critical success factors in the market are effortlessly accomplished in the market leading to an elevated pace of development in the forecast period. The innovation in products and services of the markets will modify the progression of the market noticeably. The market appeal and competitors’ tendencies are noticeably improved by the strategies that are being exploited by market players. The market is pointedly raised by the developments that are happening in the market. 

The renowned contenders in the caustic soda market globally are Xinjiang Zhongtai Chemical Co., Solvay S.A, Olin Corporation, Occidental Petroleum Corporation, The Dow Chemical Company, Formosa Plastics Group, Tata Chemicals Limited, Gujarat Alkalies and Chemicals, AkzoNobel N.V, Westlake Chemical Corporation among others.

Industry Updates:

Aug 2018 Occidental Petroleum has attained a top level of quarterly earnings in its chemical and marketing business. Oxy's record earnings for its chemical and marketing business follows up on the market improvements such as better caustic soda pricing among other factors.

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Metal Recycling Market To 2023 Analysis, Business Strategy, Opportunities, Trend, Market Segmentation and Region

Metal Recycling Market Forecast to 2023:

Market Research Future (MRFR) asserts that the global metal recycling market is predicted to garner USD 434,551 million, grabbing a healthy CAGR of 8.04% during the forecast period (2018-2023). The surging demand for energy conservation is favoring the market growth across the globe. Metal recycling can be referred to as a process to recycle the used metals. The recycled metal is largely used in the production of green energy. Metal recycling incorporates the reprocessing of the metal waste into reusable metal. The market has rapidly established itself as a lucrative avenue for a number of stakeholders comprising recycling companies, scrap traders, and forging companies.

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Market Potential and Pitfalls

The surging demand for energy consumption and increased awareness associated with the depletion of natural resources are highly favoring the market growth. Beverage cans are highly in demand in the recent days. The increased demand has intensified the metal recycling market growth in the recent past. Metal recycling plays a major role in reducing greenhouse gas emissions. The need to reduce such emissions have spurred the demand for metal recycling. The market’s course is chiefly directed by the presence of scrap vehicles, rapid urbanization and industrialization in the developing countries, increased energy savings with reduced emission of greenhouse gases, and increased consumer awareness. With the construction-related activities and infrastructure development in the developing countries, the demand for metal recycling has triggered over the years. Moreover, the increased demand from end-use industries like electronics, metal fabrication, automotive, and medical & healthcare equipment, actively involving in the recovery of metal from scrap is highly influencing the market. The market also experiences a colossal growth owing to the presence of major players playing a crucial role in generating revenues for the market.

On the contrary, fluctuation in steel prices is estimated to slowdown the market growth in the long run. Metal recycling process is time consuming in nature which further vitiates the market growth across the globe. Despite such hiccups, partnerships, R&D activities, and collaborations by the prominent manufacturers are attracting huge customer base.

Competitive Dashboard:

The prominent players operating in the global metal recycling market comprises DOWA HOLDINGS Co. Ltd., REAL ALLOY, Commercial Metals Company, Novelis Inc., European Metal Recycling, Norton Aluminium Ltd., Nucor Corporation, Kuusakoski Recycling, Sims Metal Management, Tom Martin & Co. Ltd., Aurubis AG, and ArcelorMittal S.A.

Global Metal Recycling Market: Segmental Analysis

The global metal recycling market has been segmented on the basis of scrap type, metal type, and end-user.

By mode of metal type, the global metal recycling market has been segmented into ferrous and non-ferrous. Among these, the ferrous segment is estimated to occupy the largest share, exhibiting the highest CAGR of 8.26%. the growth can be ascribed to the increased recycling rate along with the high scrap consumption globally.

By mode of scrap type, the global metal recycling market has been segmented into old scrap and new scrap. Among these, the old scrap segment is predicted to command the largest market share, exhibiting the highest CAGR of 8.43% in the coming years.

By mode of end-users, the global metal recycling market has been segmented into construction, packaging, automotive, shipbuilding, and others. Among these, the construction segment is estimated to command the largest market share and is likely to retain its pole position. The growth can be credited to the rapid urbanization, surging funding by the government, and the ever-increasing population.

Regional Insights:

Geographically, the metal recycling market span across regions namely, Europe, America, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific region commands the top position. With ever-increasing population, rapid economic development, and several regulations and policies supporting environmental conservation, the metal recycling market in this region is estimated to flourish. The surging labor force is also estimated to influence the market growth to a large extent. Moreover, emerging economies in this region such as India, China, and Indonesia are massively contributing to the growth of the market.

The American region is estimated to gain noteworthy strides owing to the advancements made in the recycling technology. The market is likely to experience a sturdy growth due to the increased focus among the public and private sector companies in order to provide environmental services, aimed at sustainable utilization of the natural resources. Moreover, the immense support from the government with regard to initiatives and policies associated with the benefits of recycling methods have further contributed to the market growth.

The European region is estimated to expand at a significant rate an occupies 29% of the share. With the presence of economies like the U.K, Germany, Belgium, France, and the Netherlands being the major importers and exporters of ferrous and non-ferrous scrap metals, the market is likely to evolve.

Industry Updates:

April 1, 2018: Metso has presented its extensive metal recycling product offering at the ISRI Convention and Exposition 2018. Experts at Metso advised on choosing the most suitable equipment for several types of metal recycling needs in order to secure optimal process sustainability, efficiency, and reliability.

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Glycidyl Methacrylate Market Trends, Industry Share, Growth Forecast, Business Strategy, Research Analysis on Competitive landscape and Key Vendors 2023

Glycidyl Methacrylate Market   - Overview

The global glycidyl methacrylate market is growing with the impulsive pace; mainly due to growing polymer and adhesives industries. According to a recent study report published by the Market Research Future, the global market of glycidyl methacrylate is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Globally, the market for glycidyl methacrylate is driven by the region Asia pacific, owing to the growth in the population resulting in to increasing demand for plastic modifiers in paints & coatings, automotive and construction industries among others. Glycidyl methacrylate is used in various applications such as adhesives, electrical laminates, waterborne coatings resins, and others due to their superior performance and enhanced mechanical properties. Moreover, glycidyl methacrylate improves the structural properties of the final product.

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Study Objectives of Glycidyl Methacrylate Market:

• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the glycidyl methacrylate market  
• To provide insights about factors affecting the market growth
• To analyze the glycidyl methacrylate market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by applications and by end users.
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global market

Glycidyl Methacrylate Market   - Competitive Analysis

The glycidyl methacrylate market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Glycidyl methacrylate market is set to grow at a higher CAGR rate which is likely to attract many entrants to the market resulting into strong competition in the future. Manufacturers functioning in the glycidyl methacrylate market are struggling to respond to the growing demand for the product from automotive, construction, packaging, electrical & electronics and paints & coatings attributed to the recent plant expansion, and growing popularity in major sectors. They ensure to deliver the best quality products based on innovative technologies, and best practices.

Industry/ Innovation/ Related News:

December 11, 2015 – The Dow Chemical Company (U.S.), one of the key manufacturers of glycidyl methacrylate, announced that the company has decided to complete the debottleneck project at Freeport, Texas, in order to increase the production capacity of glycidyl methacrylate. One of the sources of the company, said that a rise in the production rate is set to drive the market on a large scale during the forecast period. Due to this expansion process, it is estimated that the demand for glycidyl methacrylate in developed and emerging economies is set to grow at a higher rate due to its excellent chemical resistance and weather ability. Therefore, owing to these extraordinary features, these coatings are widely utilized in automotive, paints & coatings, and construction industries to impart high- standard performance to the product.

April 25, 2016 – MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan), one of the prominent manufacturers of glycidyl methacrylate in the world, announced that the company is set to increase the production capacity at Niigata plant, Niigata city, Japan. Glycidyl methacrylate is used as a raw material to produce industrial and automotive coatings. Moreover, it is also used in the production of modifiers, adhesives, engineering plastics, and others. Moreover, one of the sources of the company said that their product is widely used one in end-use applications due to its better properties than the other products. Therefore, the recent developments and innovations about the product in the leading company are set to drive the market over the assessment period.

Glycidyl Methacrylate Market   - Regional Analysis

Geographically, Asia-Pacific region holds the majority of global glycidyl methacrylate market. China is the leading country in the market owing to rapid urbanization coupled with technology and growing investments in heavy end-use industries. Increasing demand for glycidyl methacrylate in automotive, construction, paints & coatings, and packaging has boosted the market demand in China, India, Malaysia and Thailand. North America has witnessed significant growth owing to growing consumption of high purity products and this has led to a surge in the demand for industrial coatings in the industries. The market in the European region has received a significant growth due to increasing demand for the product in automotive, electrical & electronics, and other sectors. Additionally, due to increasing demand for glycidyl methacrylate from the plastic and other industries, the market is projected to grow at a higher CAGR in Europe over the forecast period.

Target Audience

• Manufactures of end-use industry
• Raw material Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

Key Finding

• The global glycidyl methacrylate market and is expected to reach $15,654.7 million by 2027
• Plastics accounted for the largest market share registering CAGR of 5.91% during the forecast period
• Regionally, Asia-Pacific holds the largest market share 49% of global glycidyl methacrylate market and is expected to reach $7,503.0 million by 2027 from $3,858.8 million in 2015.
• On the basis of end-users, manufacturing units segment holds 61% market share

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Acoustic Insulation Market Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts by 2023

Market Scenario:

Acoustic insulation is used either for noise reduction or for noise absorption. The rising construction & infrastructural activities across the globe, is the major driving factor of the market. Stringent government regulations regarding noise pollution adds to the market growth. Increasing consumer awareness regarding energy consumption has a positive influence on the market. However, the lack of awareness of acoustic insulation material, is a restraint that may hamper the market growth.

The Global Acoustic Insulation Market is projected to reach USD 14.10 Billion by 2023, at a CAGR of 5.6% during the forecast period.

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Study Objectives of Global Acoustic Insulation Market; To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global acoustic insulation market, To provide insights about factors affecting the market growth, To analyse the global acoustic insulation market based on tools such as Supply Chain Analysis, and Porter’s Five Force Analysis, To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries, To provide country level analysis of the market with respect to the current market size and future prospective, To provide country level analysis of the market for segments by material, by application and by region, To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market, To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the acoustic insulation market

Regional Analysis: Asia-Pacific region dominates the global acoustic insulation market, followed by North America. Growing demand from construction and infrastructure sector driving the demand of the market in Asia-Pacific region. Asia-Pacific region is expected to grow at the fastest pace during the forecast period. Europe is another major market for acoustic insulation. Building safety codes in countries such as U.K., Germany, and France is driving the demand of the market in the region.

Key Players; The key players of Acoustic Insulation Market are - ROCKWOOL International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain S.A. (France), Owens Corning Corporation (U.S.), Johns Manville Corporation (U.S.), BASF SE (Germany), Paroc Group Oy (Finland), Kingspan Group PLC (Ireland), Fletcher Insulation (Australia), and Armacell GmbH (Germany).

The report for Global Acoustic Insulation Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Building Insulation Material Market | Revenues, Growth Rates, Pricing, Applications and Market Challenges 2023

Market Highlights:

Market Research Future published a cooked research report on global building insulation material market. The building insulation material market is expected to grow at a CAGR of around 3.49% during the period, 2017 to 2023.

Building insulation is made up of materials that form a thermal envelope of a building and reduce heat transfer. Various materials such as glass wool, stone wool, and EPS, are used to manufacture insulation products. These are used across residential, and non-residential applications.

There are various organizations and departments across the globe that govern the application of insulation in construction. This induces the market of building insulation material on a global level. Such bodies and organizations govern the application of building insulation in various systems and structures of a building. These regulations change with the region and country and governments are getting stringent with such policies to promote energy efficiency in construction. This has spiked the demand for building insulation materials, across the globe.

The industry faces a shortage of skilled workers. It has been seen that there is a lack of experienced and trained workers and officers, required for the growth of the industry. This is also the reason for the concentration of manufacturing facilities in few regions. This might hamper the market growth in the long run.

Market Research Analysis The building insulation material market has witnessed moderate growth over the last few years and as per analysis, the market will retain this growth rate during the forecast period. In the report, the market has been divided into the following material stone wool, glass wool, EPS, XPS, and others. Glass wool is the largest segment in building insulation market, by material. Glasswool is the most common form of insulation used in residential buildings around the world.  The segment accounts for 33.31% of market share in 2016 and is expected to grow at 3.61% CAGR during the forecast period.

In the report, the market has been divided into the applications of walls, roofs, and floors. Walls is the dominating segment of building insulation material market. Insulating walls in a home or building is critical to achieving high energy efficiency. A big factor in the effectiveness is how well the wall cavity is sealed by the insulation. But cellulose insulation is just as effective while offering other advantages. The segment accounts for 46.88% market share and is expected to grow at 4.22% CAGR during the forecast period.

Scope of the Report This study provides an overview of the global building insulation material market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Latin America Europe, Asia-Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global building insulation material market by its material, application, end-user and region.

Global Building Insulation Material Market, By Material Stone Wool, Glass Wool, EPS, XPS, Others Global Building Insulation Material Market, By Application Walls, Roofs, Floors Global Building Insulation Material Market, By End-user Commercial, Residential Global Building Insulation Materials Market, By Region, North America, Europe, Asia-Pacific, Rest Of the World (ROW)

Key Players- BASF SE, Rockwool International A/S, Owens Corning Corporation, Paroc Group Oy, Lloyd Insulations Limited, Knauf Insulation, Inc., Johns Manville Inc., GlassRock Insulation Company SAE, Saint-Gobain S.A, Kingspan Group Plc.

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