Insulation Market Size, Share, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2027

 Market Overview:

Insulation is required for building purposes as they serve a variety of reasons. Market Research Future, a firm which specializes in market reports related to the Construction sector among others, recently published a report on this market.  The global insulation market will expand at a rapid pace with an increase in revenue and an encouraging CAGR in the forecast period.

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As the demand for insulation products rises every day, the market for insulation products is expanding in proportion to meet this demand. With increase in construction activities around the world, the demand for insulation products has increased significantly. Rising costs of energy have also supplemented the growth of the sector tremendously. Factors such as increasing rate of urbanization and need for energy efficiency has further bolstered the growth of the market.

Market Segmentation

The global insulation market has been segmented based on material and application.

By material, the global insulation market has been segmented into fiberglass, plastic fibers, mineral wood, and natural fibers.

By application, the global insulation market has been segmented into residential and non-residential.

Top 10 Competitive Landscape

ü  CertainTeed Corporation

ü  Huntsman Corporation

ü  Nova Chemicals Corporation

ü  Dow Building Solutions

ü  GAF Materials

ü  Johns Manville

ü  Owens Corning

ü  Knauf Gips

ü  Bayer AG

ü  Atlas Roofing Corporation

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Industry Updates

February 2019- Chinese and American researchers have reportedly developed a new variety of aerogel which can be used for insulating applications. The material has robust mechanical and thermal stability as performs exceptionally well in transformation and toughness.

Regional Analysis

By region, the global insulation market has been segmented into North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

APAC is the largest market for insulation. Prolific growth of the construction industry and high focus on energy conservation are driving the market in APAC. The governments in the region have laid down various regulations which encourage insulation in end use applications.

North America is a significant market driven by steady investments in the real estate market and consumer affinity for green buildings. Continuously expanding construction industry and developments in commercial and residential structures in the US fuels the growth of the market. Government focus on conservation of energy has resulted in the development of standards which advocate the use of insulating materials which induce high demand within the market.

Europe too is an important revenue pocket for the global insulation market. The resurgence of construction activities coupled with towering environmental concerns is favoring the use of structural adhesives. Moreover, growing interest in energy saving and increasing investment in commercial and infrastructure construction is also supporting market growth.

Concrete Admixtures Market

 Market Synopsis of Global Concrete Admixtures Market Size:

Global Concrete Admixtures Market Size is growing rapidly at the rate of CAGR of XX% in the past years and is expected to grow at the same rate in developing economies in forecast year. Concrete admixtures are supreme  chemicals added to concrete at the initial mixing stage to modify the working properties of the mixture.  Properties of concrete enhances strength, durability  and with admixture adds chemical stability with reduction in water usage. Admixture not only reduces water content,  also helps in slowing down the rate at which concrete sets. Therefore, workers do not feel overloaded in working on structures. The global Concrete Admixtures Market Size is segmented based on function, application and region for the forecasted period 2016 to 2022. On basis of concrete admixtures, it is segmented by functions such as

• Plasticizers – Water reducing agent.
• Super Plasticizers- High range of water reducers.
• Air Entrainers- Increased Cohesion
• Accelerators & Retarders- Reduces the time for mix to set
• Waterproofing Admixtures- Blocks capillary pores of concrete.

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Growing demand for infrastructures in developing economies, rapid urbanization and rise in income of middle class had shifted the demand for residential and construction to new better level which in turn drives the growth of concrete admixture market in the future. Government policies for infrastructure standard and need for reduction in water usage during construction time is a major concern for contractors which can be addressed by the effective use of concrete admixtures.      

Global Key Players:

Ø  The Dow Chemical Company

Ø  BASF SE

Ø  Sika AG

Ø  W.R.

Ø  Grace & Co

Ø  Pidilite Industries

Ø  RPM International

Ø  CICO Technologies Ltd,

Ø  Ashland Inc, Chryso SAS

Ø  Fosroc International

Geographical Analysis:

Geographically, APAC region dominates these concrete admixture market both in terms of volume and value. As per analysis, developing economies like China, India and Brazil are consuming high amount of concrete for blooming civil structures.  Change in FDI policies and growing residential demand due to rise in population is providing an opportunity for the concrete admixture market to grow  in forecasted period. North America and Europe is expected to show sluggish growth due to saturation of construction industry.

Industry/ Innovation/ Related News:

October 10, 2017- BASF SE, on the world’s a leading manufacturer of construction chemicals announce official commissioning of a new production plant of construction chemicals at Saint Petersburg in Russia. The new plant has three lines which produce, respectively, concrete additives, alkali-free concrete setting accelerators, and tunneling shield lubricants. Investments in the new production facility at this stage amounted to about USD 5.60 million.

September 20, 2016- BASF established a new R&D team to work on concrete admixture solutions and technologies in Chigasaki, Japan.  Major focus of the team is on developing innovations that can increase productivity, durability and sustainability for the construction industry. This development is complementing the existing R&D centres around the world to bring innovations to Asia Pacific faster and to meet local needs.

August 4, 2016- Germany based global specialty chemicals manufacturer BASF SE has launched groundbreaking concrete admixture range called MasterEase, in Japan. MasterEase is a next generation admixture for low-viscosity concrete. This new admixture range improves the rheological properties, reduces viscosity in concrete by up to 30%, facilitating pumping, placing, leveling, and finishing of concert and stability of high-performance concrete. BASF Japan will launch products applicable for ready-mix concrete and precast applications. This product is going help diverse applications in construction industry of Japan and is likely to propel growth of the concrete admixture market in Asia Pacific.

June 7, 2016- Sika has opened its second production plant in Saraburi, North of Bangkok.  It has production capacity for 100,000 tons of mortars and 65,000 tons of concrete admixtures per year.

Reasons to buy:

• his report includes in-depth study analysis of Concrete Admixtures Market Size
• It covers market segmentation by type, application and end user.
• It helps in identifying region-wise major suppliers and understanding consumption patterns.
• It provides useful and premium insights that will support investments of Concrete Admixtures  and allied companies providing details on the fast-growing segments and regions.
• It provides key findings that will help companies to improve productivity by using supply chain strategies, cost effectiveness of various products mentioned in the report.
• The data used in the report is primarily based on primary interviews with the major producing companies and industry experts which are supported by authentic industry data from secondary sources.

The report for Global Concrete Admixtures Market Size 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 and volume, 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.

Target Audience:

• Concrete Admixtures producers
• Traders and distributors and suppliers of concrete admixtures
• Association and government bodies.
• Cement manufactures and contractors
• Research institute

 

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Caprolactam Market Share, Size, Regions, Applications, Types, Forecast to 2027

 Caprolactam Market – Overview

Caprolactam are predominantly utilized in number of end use application such as textile stiffeners, textile yarns, synthetic leather, plastics, film coatings, plasticizers, and others. Caprolactam market is estimated to witness moderate growth owing to their broad range of application usage specifically in textile and automotive. Furthermore, caprolactam is used to produce nylon 6 which is further utilized in automotive and construction sector. Moreover, rising per capita disposable income along with increasing vehicle production and sales in emerging economies is estimated to drive the market growth. In addition, growing building & construction activities in developed and developing economies is estimated to propel the growth of the market. Furthermore, increasing demand for light weight automotive parts along with high adoption rate in end use industries is expected to fuel the growth of the market over the forecast period.

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Global Key Player:

·       China Petroleum & Chemical Corporation

·       BASF SE

·       Honeywell International Inc

·       Kuibyshevazot Ojsc

·       Lanxess Ag

·       Royal DSM N.V.

·       Shandong Haili Chemical Industry Co. Ltd.

·       Sumitomo Chemical Company Limited

·       UBE Industries

·       China Petrochemical Development Corporation (CPDC)

Competitive Landscape

The caprolactam report has analysed the level of competition among the major manufacturers as well as sector growth and market scenario. The global caprolactam market comprised of a large number of suppliers operating in the market which comprises large scale and medium scale manufacturers. The prominent manufacturers of caprolactam as well as medium level producers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from Thailand, India, Singapore, Australia, Taiwan, Malaysia China, South Korea, Bangladesh, Indonesia, and Japan. On the other hand, the major manufacturers of caprolactam is following various strategic plans to improve their product portfolio by set up research and development centres across the various locations in world, strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the key players in this market are growing their production capacity of caprolactam to meet the rising demand for caprolactam across the globe.

Industry/ Innovation/ Related News:

January 2018- Genomatica, a U.S. based organization established an agreement with Aquafil, an Italian based manufacturer to develop sustainable caprolactam genomatica. This company aims to offer environmentally friendly way to produce intermediate with improved economics.

April 2017- LANXESS announced to expand its caprolactam production capacity at its Antwerp plant. The investment will cost around USD 31 million. With this acquisition the company plans to strengthen its integrated production complex for polyamide and precursor for plastics in Antwerp.

October 2016- Fertilizer and Chemicals Travancore Limited (FACT) announced to resume their caprolactam manufacturing to enhance their financial prospects in the coming months. This production plant has a capacity of 50,000 tonnes of the organic compound. This strategic move will help the company to meet the increasing demand of caprolactam in Asia Pacific region.

June 2016- Unipetrol, a Europe based petrochemical organization announced to acquire Spolana, which produces industrial fertilizers, PVC, caprolactam, and other inorganic compounds. This acquisition will help company to optimize their manufacturing function and strengthen its market position across the globe.

Regional Analysis:

Geographically, Asia Pacific emerged as the largest market for caprolactam in 2016, followed by Europe and North America. The North American caprolactam market is estimated to witness steady growth with a moderate CAGR over the forecast period owing to robust growth of textile and sports industry combined with rising maintenance activities in this region. In North America the market is further classified into Canada and the U.S., among them the U.S. emerged as the leading market and accounted for more than half of the total regional market share of caprolactam due to strong adoption rate from textile industry. Asia Pacific is predicted to witness tremendous growth over the assessment period, during 2017 to 2023.

The demand for caprolactam is expected to raise in numerous developing and developed countries of Asia Pacific such as China, India, Japan, Singapore, Australia, Taiwan, Malaysia, Thailand, and South Korea on account of increasing population along with shifting of manufacturing unit for many key market players in this region. In Europe, caprolactam market is foreseeable to register above average growth due to shifting consumer preference towards the caprolactam based sporting material combined with the strong presence of automotive manufacturers specifically in Germany, Italy, U.K., Spain, Russia, and France. In addition, numerous countries of Latin America and the Middle East & Africa are estimated to witness average growth in caprolactam due to rising per capita disposable income coupled with growing sales of passenger cars specifically in Argentina, Brazil and Mexico rising construction activities in Saudi Arabia, Kuwait, Qatar, and the UAE.

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Industrial Lubricants Market Share, Size, Regional Trends, Growth, Competitor Strategy, High Emerging Demands by Forecast to 2027

 Market Insights:

Industrial lubricants reduce friction between objects, regulate temperature, modify surface properties and remove debris. The global industrial lubricants market is estimated to see better profitability and expand at a CAGR of 2.4% during the assessment period of 2017-2022, asserts Market Research Future (MRFR) in an in-depth study. The global industrial lubricants market stood at USD 56.87 Bn in 2016.

Industrial lubricants are used to ensure smooth machinery functioning and reduce maintenance across various industry verticals. Industrial lubricants market is likely to be driven robustly by expansion in key end-use industries such as chemicals manufacturing, food processing, and electronics.

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Automotive lubricants account for the majority demand of industrial lubricants market. Expanding automotive industry and an increase in total vehicle population has fostered market growth. Additionally, the burgeoning manufacturing industry driven by heightened demand for manufactured goods has generated high demand for industrial lubricants.

Industry Segmentation:

The global industrial lubricants market has been segmented based on type and end user.

By Type, the global industrial lubricants market has been segmented into hydraulic lubricants, gear lubricants, compressor lubricants, metalworking fluids, and others. The hydraulic lubricants segment is dominating the market. Continuous demand from the mining and construction industry due to the cost advantage it provides over other lubricants is driving the growth of the segment. However, due to rising metal consumption in the automotive industry, the metalworking fluids segment is expected to showcase the highest CAGR over the forecast period.

By End User, the global Industrial Lubricants Market has been segmented into automotive, manufacturing, power generation, heavy industries, and others. The automotive segment is leading the market while the power generation segment is expected to showcase the highest CAGR over the forecast period. The growth of the power generation segment can be credited to towering energy demands across the globe.

Competitive landscape:

·        Royal Dutch Shell Plc.

·        Idemitsu Kosan Co. Ltd

·        Total S.A.

·        Chevron Corporation

·        ExxonMobil Corporation

·        BP p.l.c.

·        PetroChina Company Limited

·        LUKOIL

·        Fuchs Petrolub AG

·        Sinopec Limited

Industry Updates:

February 2019- researchers at the University of Delaware have created a strategy to make renewable lubricant base oils from non-food biomass such as wood, switch grass and other sustainable, organic waste. This would help to considerably reduce the environmental footprint of industrial lubricants.

Regional Analysis:

Asia-Pacific region dominates the global Industrial Lubricants Market and is expected to witness the highest growth during the forecast period. China, India, Japan, Australia and Indonesia are among the major markets for Industrial Lubricants in the Asia Pacific region. Rapid industrialization and urbanization driving the growth of the market in the region. Additionally, increasing passenger car sales owing to increasing disposable income in Southeast Asian countries are also expected to contribute to automotive lubricants growth.

North America and Europe are the major region for the Industrial Lubricants Market. These regions are expected to contribute significantly during the forecast period. In Europe, Germany, U.K., and France are major contributors for the growth of the market.

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Methyl Isobutyl Ketone Market | Trends Opportunities, Up-to-date Development Data and Global Research Insight 2020-2027

 Methyl Isobutyl Ketone Market Overview to 2023:

Methyl Isobutyl Ketone (MIBK) is also known as mono-isobutyl ketone. It is a stable, clear, and colorless liquid with a pleasant odor. Around 60% of the MIBK is manufactured by aldol condensation of acetone and its derivative intermediates, mesityl oxide, and diacetone alcohol. Methyl Isobutyl Ketone are found naturally in orange and lemon juice, vinegar, papaya, baked potatoes, grapes, ginger, cheese, milk, plum, mushrooms, and others. MIBK is compatible with many organic materials, which makes it a superior industrial solvent. It is widely used as a chemical intermediate, extracting agent, solvent, and denaturant in numerous end use industries such as pharmaceuticals, agrochemicals, paints & coatings, and automotive among others. Other industries include packaging, rubber manufacturing, and cosmetics.

As per our analysis, some of the prominent market factors and trends identified in the global methyl isobutyl ketone market include rising demand for MIBK solvent for coatings in automobile and electronics industry, increasing demand for adhesives, paints, and coatings on account of growing construction spending. Additionally, rapid industrialization coupled with rising per capita disposable income is expected to drive the market growth during the review period. Moreover, to meet a diverse set of needs resulted due to huge demand from agrochemical industry is predicted to boost the market growth during the given period. These are widely used in the manufacturing of cosmetics and personal care products, thus, the consumption of MIBK in recent years is set to increase and is likely to fuel the market growth. Regulatory bodies, specifically in developed countries, have imposed stringent regulations on MIBK manufacturers regarding its toxicity level, which is estimated to hamper the market growth over the assessment period.

Global Key Players:

·       Eastman Chemical Company

·       The Dow Chemical Company

·       Shell Chemicals

·       Arkema Group

·       Kumho P&B Chemicals Inc.

·       LCY GROUP.

·       Celanese Corporation

·       Mitsui Chemicals, Inc

·       NINGBO OCEANKING CHEMICAL DEVELOPING CORPORATION

·       Zhejiang Xinhua Chemical Co.,Ltd.

·       Sasol

Regional Analysis:

The global methyl isobutyl ketone market is segmented into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific is estimated to grow at the fastest CAGR during the review period on account of increasing demand from end use industries such as automobiles, agrochemicals, and construction among others. The demand for methyl isobutyl ketone is projected to surge in developing countries such as India, China, and Malaysia due to increasing automobile production and sales. Moreover, ease in availability of raw material, relatively cheap labor cost, and implementation of new development strategies to fulfil the demand for methyl isobutyl ketone in the increasing applications are the prominent factors for the regional market growth.

Asia Pacific has emerged as the largest market for methyl isobutyl ketone followed by North America and Europe. North America is expected to witness a steady growth in MIBK market due to the increased usage in pharmaceutical and packaging industries. North American countries such as the U.S. and Canada are among the key contributors in the regional market growth and are expected to witness regional market growth in the upcoming years. Countries in Europe such as Spain, Germany, and the UK have emerged as the regional consumer markets due to developed end use industries and rising consumer spending on personal care products. Additionally, the Middle East & Africa is expected to witness a moderate growth over the forecast period. Rising construction spending in commercial as well as institutional sector, especially, in Qatar, Saudi Arabia, and the United Arab Emirates (UAE) is projected to positively influence methyl isobutyl ketone business during the assessment period.

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Liquid Saturated Polyester Resin Market Trends, Share, Size, Growth, Opportunity and Forecast 2020-2027

 Market Overview:

Liquid saturated polyester resin is one of the types of saturated polyester in which the polyester backbone is saturated, thus they are not as reactive as unsaturated polyesters. Comparatively they possess low molecular weight which make them suitable for production of plasticizers and as reactants in the manufacturing of urethane polymers, and in linear high molecular weight thermoplastics such as PET. Most commonly reactant for the saturated polyesters are glycol and an acid or anhydride. They offer excellent weather resistance, chemical resistance, provide adhesion to various kind of substrates thus find wide application scope as automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others.

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Some of the prominent factors that positively influence the growth of liquid saturated polyester resin market are growing urbanization, improving packaging sector, and rising standard of living. Rising population coupled with increasing demand for packaging products is predicted to fuel the demand for packaging material such as containers and cans, which in turn, propel the demand for liquid saturated polyester resin over the forecast period, 2017 to 2023. Moreover, huge investments by the key operating players in the research and development activities coupled with strong acceptance within the end use industries are expected to fuel the growth of the market during the review period.

Competitive Analysis:

·        Royal DSM N.V.

·        Evonik Industries

·        The Nippon Synthetic Chemical Industry Co.,Ltd

·        Stepan Company

·        Arkema S.A.

·        Allnex Group

·        Hitachi Chemical Co., Ltd

·        Thai Urethane Plastic Co.,Ltd.

·        NOVARESINE SRL

·        Karna Paints

·        Worlee-Chemie GmbH

Market Segmentation:

Globally, liquid saturated polyester resin market is segmented on the basis of application such as automotive paints, can & coil coating, industrial paints, flexible & rigid packaging, and others. Among these, can & coil coating and automotive paints are expected to hold the larger share as compared to other segments. Rising demand for consumer goods in numerous countries across the globe is the main factor for the significant growth of the segment in the upcoming years. Moreover, increasing automotive production and sales along with the rising consumption of automotive paints is expected to propel the growth of the market during the forecast period. Moreover, liquid saturated polyester resin are widely utilized in the production of industrial paints. Expansion of general industries such as chemical, steel, fertilizer, and consumer goods are predicted to fuel the demand for liquid saturated polyester resin. Additionally, rising construction activities in the developed and developing nations combined the growth of the paints & coatings industry is predicted to give new impetus to the market growth over the assessment period.

Regional Analysis:

Asia Pacific is estimated to be the largest market for liquid saturated polyester resin followed by North America and Europe due to rising demand from numerous sectors such as automotive, packaging, and can & coil coating among others. Numerous countries of Asia Pacific such as China, India, Bangladesh, Vietnam, South Korea, Japan and Malaysia are the fastest growing market for liquid saturated polyester resin, and is predicted to grow with the significant pace during the assessment period. Increasing middle class population, availability of cheap labor & land, and competitive manufacturing costs are also the important factors driving the growth of the market in the Asia Pacific region. North American liquid saturated polyester resin market is predicted to witness an average growth with U.S and Canada being the major contributors owing to the expansion of packaging and construction sector. European market is expected to witness a substantial growth in the upcoming years on account of growing demand for liquid saturated polyester resin in packaging and automotive sector.

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Refinery Catalyst Market Trends, Segmentation, Global Industry Analysis, Top Manufacturers, Regional Outlook and Covid -19 Impact Analysis and 2027

 Market research future published a half cooked research report on Global Refinery Catalyst Market. The refinery catalyst market is expected to grow over the CAGR of more than 4% during the period 2017 to 2023.

Market Insights

Market Research Future has added a new report on the global refinery catalyst market which reveals that the market is set to grow at a CAGR of more than 4% during the forecast period of 2017 to 2023. Moderate yet consistent growth is expected by the market due to growing oil and gas activities across the globe.

Refinery catalysts are extensively utilized in refinery processes such as FCC, hydrocracking, and other. refinery catalysts are vital in the conversion of crude oil to more valuable forms of fuel. The growing demand for gasoline particularly in emerging economies is expected to impact the global market positively. Government bodies in developed economies are increasingly implementing stringent regulations with regards to environment conservation and fuel. The extraction of heavier crudes and ever-increasing energy demands have resulted in increased refinery activities thus driving the demand for refinery catalysts.

Refiners are building new refinery units or renovating existing facilities to meet the growing demand for fuel. Moreover, refinery catalyst manufacturers are actively engaged in offering customers with cutting-edge refining components. Ongoing R&D toward the production of optimized refinery catalysts are vital in the creation of future market opportunities.

Key Players

·       BASF SE

·       Honeywell UOP LLC.

·       Criterion Catalysts & Technologies L.P.

·       Exxon Mobil Corporation

·       Clariant International Ltd

·       W. R. Grace & Co.

·       China Petroleum & Chemical Corporation (Sinopec Corp.)

·       Axens SA

·       Albemarle Corporation

·       Haldor Topsoe A/S

Scope of the Report:

This study provides an overview of the global refinery catalyst market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global refinery catalyst market by its type, by application, by regions.

By Type

• FCC Catalysts
• Hydrotreating Catalysts
• Hydrocracking Catalysts
• Catalytic Reforming Catalysts

By Ingredient

• Zeolites
• Metals
• Chemical compounds

By Regions

• North America 
• Asia Pacific 
• Europe
• Rest of the World  

Regional Analysis

The Asia Pacific leads the market with the highest growth due to the presence of various emerging economies in the region with rapidly rising demand for fuel. Countries such as India and China among others have massive consumer populations and a swiftly expanding automotive industry among others. The demand for energy and fuel in the region to power homes, vehicles and the industrial hub that the region has become has catapulted the region into leading position. Growing construction of refinery infrastructure is another key factor driving the regional market.

The North American market closely follows the Asia Pacific. The U.S leads the region's growth and has a significant demand for fuel and crude oil by-products. The presence of several key players in the region add to the regions growth drivers and cement its position as a leading regional market.

Latest Industry News

·       BASF has launched its new FCC catalysts, Luminate. The Luminate FCC catalyst delivers higher liquid yields and is based on BASF's new and improved Zeolite Y (IZY) technology.

·       Fuji Oil has commenced use of Honeywell UOPs new R364 Platforming catalyst for the increased production of aromatics for chemical production at its plant in Japan.

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