Industrial Alcohol Market | Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2027

 

Market overview:

Regulatory changes by government in several countries globally which mandate using blend of ethyl alcohol and gasoline are fueling growth of the global Industrial Alcohol Market. Additionally, increasing usage of industrial alcohol including iso-butanol, methanol, and isopropanol across personal care, automobile, and pharmaceuticals are estimated to propel the market growth in the coming years.

The industrial alcohol is a volatile, flammable, and colorless liquid, which has wide applications as biofuel as it is derived from the sources such as corn, grains, and molasses. Surge in demand for fuel coupled with increasing support from governments for using ethanol-mixed fuel is estimated to spur the growth of Industrial Alcohol Market. Additionally, demand for industrial alcohol is increasing as solvent for its excellent properties are driving growth of the global Industrial Alcohol Market.

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Further, the emerging trend of deriving the ethanol and especially for the industrial use from algae and other agricultural waste is estimated to drive the market growth in the coming years. Also, the market for industrial alcohol is expanding on the back of expanding its usage across personal care industry as a sanitizer and cleaning agent across household use as well as several end use industries. This is one of the key factors driving growth of the global market for industrial alcohol. Additionally, increasing penetration of alcohol and especially ethanol as a flavoring agent and food ingredient in the packaged food and pharmaceuticals industry is benefiting growth of the market substantially.

Among influences of crop-based biofuels production and adoption, several European ethyl alcohol organizations are supporting its products by removing the subsidies on crop-based biofuels. The aforementioned factor is likely to benefit the market growth by tracing several opportunities for growth during the estimated time frame.

Competitive Analysis:

Some of the major companies in the global Industrial Alcohol Market include Cargill, Incorporated, BASF SE, Exxon Mobil Corporation, Raizen, Royal Dutch Shell plc, Greenfield Global, Inc., Eastman Chemical Company, MGP, Cristalco, and Green Plains Inc.

Segmentation:

The global Industrial Alcohol Market is segmented based on the application, source, type, and region.

Based on the source, the market is segmented into fossil fuels, corn, sugar & molasses, grains, and others.

Based on the type, the market is segmented into methyl alcohol, ethyl alcohol, isopropyl alcohol, benzyl alcohol, isobutyl alcohol, and others.

Based on the application, the market is segmented into pharmaceuticals, fuel, personal care products, chemical intermediate & solvent, food ingredients, and others.

Regional Analysis:

Regionally, the Industrial Alcohol Market is segmented into the North America, Asia Pacific, Europe, and Middle East & Africa. Of these, North America is estimated to remain dominant in the global Industrial Alcohol Market in the coming period owing to the high demand for the products in the automotive and pharmaceuticals sectors. Among the countries in the U.S. is estimated to be the largest manufacturer and consumer of industrial alcohol owing to strong foothold of key players in the region. Additionally, the Europe is estimated to hold the second leading position in the global Industrial Alcohol Market and is estimated to retain its position during the forecast period.

However, Asia Pacific is estimated to exhibit fastest CAGR during the forecast period owing to rising demand for the industrial alcohol from several end use industries such as pharmaceutical, chemical, among others. Additionally, expanding industries is estimated to benefit the market in the region over the future period. 

Industry News:

In 2019, Evonik announced its expansion of its production capacity for the high-purity industrial alcohol at the Marl Chemical Park. This expansion will enable the specialty chemicals to continue building on its position as manufacturer of this product. Such expansion of business and investment in the businesses are estimated to drive the global Industrial Alcohol Market in coming years.

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Imaging Chemicals Market | Size, Share, Growth, Trends, Analysis by 2027

Competitive Analysis

Some of the manufacturers operating in the global imaging chemicals market are Eastman Kodak Company (U.K), Vivimed Labs (India), DIC CORPORATION (Japan), Flint Group (Luxembourg),  SAKATA INX CORPORATION (Japan), TOYO INK SC HOLDINGS CO., LTD. (Japan), Siegwerk Druckfarben AG & Co. KGaA  (Germany), T&K TOKA Corporation (Japan), Fujifilm (Japan), and Qingdao Scienoc Chemical Co., Ltd (China).

Market Overview:

In the market, imaging chemicals are available in the form of various products namely imaging agents & toners, printing inks, image developers, anti-fogging agents, and others. Among these product types, the imaging agents & toners segment is expected to grow significantly due to the high investments in R&D, new product development, and their rising use in medical diagnosis. Some of the imaging agents widely used are tetraxetan & its derivatives for MRI, contrast agents containing iodine for X-ray, fluorescent imaging agents for funduscopy/ ophthalmoscopy, and others. Printing inks remain the second largest contributor owing to the growth of the printing & packaging and textile printing applications. Printing inks are used as binders, carriers, additives, and pigments in these applications, which is likely to propel the market growth. The anti-fogging agents are used in both film and paper developing to prevent fogging or blurring of the image by enhancing the image contrast boundaries, preventing bleed of silver halide crystals during exposure and development.

The application segment of imaging chemicals market includes medical diagnostics, packaging & printing, textile processing, mining, and others. The medical diagnostics application is the dominating the global imaging chemicals owing to the rising geriatric population and increasing cancer-related incidences across the globe. Furthermore, increasing health awareness amongst the consumers coupled with the high spending in health treatment is likely to fuel the demand for imaging chemicals in the medical sector. The technological advancements in packaging and textile processing are one of the factors projected to augment the market growth over the forecast period.

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Regional Analysis

The global imaging chemicals market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for the largest market share in 2017 on account of the increasing demand from the medical sector. This growth can be attributed to the rising geriatric population and the health awareness amongst the consumers coupled with high disposable income of the people in this region. 

The high demand from the medical, packaging, and mining applications is expected to drive the imaging chemicals market in North America.

Europe is projected to witness a significant growth due to the huge investment in the medical and healthcare sector in the region.

Glass Additives Market Trends Opportunities, Up-to-date Development Data and Global Research Insight 2020-2027

 

Market Overview:

Glass is brittle in nature and on demand, certain properties of glass can be changed to meet the desired end use application. This change in inherent properties are achieved by various ingredients such as lanthanum oxide, iron, calcium oxide, and silica which are commonly known as Glass Additives. These offer durability, increase refractive index, and impart color which make them suitable for use in numerous application in various end use industries such as automotive & transportation, electronics & appliances, packaging, building & construction, and others.

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Some of the prominent factors that positively influence the growth of the Glass Additives Market are increasing disposable income, continuous growth of packaging industry, and improved living standards. Furthermore, rising automotive sales in the developed as well as developing regions combined with the demand for durable door and front glass windows is predicted to accelerate the market growth over the assessment period. In addition, speedy growth in building & construction industry is estimated to propel the market growth over the estimated period. However, rising demand of plastic additives in the manufacturing of cheaper plastic as an alternative to the relatively expensive Glass Additives is predicted to hamper the market growth.

Competitive Analysis:

The major players operating in the Glass Additives Market include Namibia Rare Earths Inc. (Canada), Lynas Corporation Ltd (Australia), Torrecid Group (Spain), Potters Industries LLC (U.S.), SCHOTT AG (Germany), DuPont. (U.S.), GILLINDER GLASS (U.S.), METALL RARE EARTH LIMITED (China), Ardagh Group (Republic of Ireland), HAMMOND GROUP INC (U.S.) among others.

Market Segmentation:

The Global Glass Additives Market is segmented on the basis of product, application, and region. On the basis of product, the market is categorized into metal oxide, nanoparticles, and polymers & rare earth metals. Among them, metal oxides product segment accounted for the largest market share and is expected to grow with the healthy CAGR due to their high adoption rate. As these are used for coloring and to enhance specific properties such as electrical and thermal conductivity. Nanoparticle’s segment is estimated to grow with the moderate CAGR during the estimated period.

As these are mainly used as coating for gadgets, windows, and doors. Increasing popularity of scratch resistant windowpanes for mobile phones, automobiles, laptops, and other electronic devices is predicted to surge the market growth. On the basis of application, the market is categorized into building & construction, packaging, automotive & transportation, electronics & appliances, and others. Other segment include home and décor, fiber optics, and medical. Among them, packaging emerged as the largest end use segment and accounted for around 48% of the total market demand in 2015. Rising use of glass as a packaging material has led to the growth in the market which in turn has increased the consumption of additives.

Regional Analysis:

Europe is estimated to be the largest market for Glass Additives followed by Asia Pacific and North America on account of increasing packaging, building & construction, automotive & transportation industries among others. Developing countries of Asia Pacific such as India, China, and Vietnam are the fastest growing markets for glass additives, and is estimated to grow with the same pace in near future. Low plant set up cost, high economic growth rate and competitive manufacturing costs are also the important factors boosting the growth of Glass Additives Market in Asia Pacific region. North American Glass Additives Market is estimated to witness a significant growth with U.S, being the major contributor on account of the presence of strong consumer base for electronic products and the major market players which govern the industry dynamics of Glass Additives over the assessment period. Europe is estimated to witness a moderate growth over the forecast period due to increasing demand from automotive & transportation industry.

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Expanded Polystyrene Market | Research Report with Size, Share, Analysis and News (2021- 2027)

 Competitive Analysis:

Some of the major players functioning in the Global Expanded Polystyrene Market are BASF SE (Germany), ACH Foam Technologies, Inc (U.S.), Kaneka Corporation (Japan), SABIC (Saudi Arabia), Alpek S.A.B. de C.V (Mexico), Synbra Holding bv (the Netherlands), NOVA Chemicals Corporation (Canada),  StyroChem® (Canada), Unipol Holland B.V. (the Netherlands), and Versalis S.p.A (Italy) among others.

Market Overview:

Expanded Polystyrene comprises of large number of styrene monomers, which are used to design moldable, flexible and disposable materials in the industry. It has various significant properties such as excellent lightweight, durable, and moisture resistance. Furthermore it provide versatility and reliability to the product.

The Global Expanded Polystyrene Market has been driven by the scope of its application in various sectors such as construction & buildings, packaging, automotive, and others. Moreover, it is estimated that the packaging segment is set to witness the highest growth in the market due to the growing consumption of low density materials over the forecast period.

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Market Segmentation:

The Global Expanded Polystyrene Market is segregated into type and application. On the basis of the type, the market is further categorized into white, grey, and black expanded polystyrenes. The white Expanded Polystyrene is the most widely used type in the market due to its growing consumption in egg trays, vegetables, fish, poultry, and others. Moreover, waterproof resistance and superior mechanical durable nature are the major factors behind the popularity of this segment. The grey Expanded Polystyrene segment is set to drive the market on a slow pace due to its high cost effective nature during the assessment period.

On the basis of the application, the market is segmented into construction & buildings, packaging, automotive, and others. Between these, the packaging is the leading segment in the market and is anticipated to observe a rapid growth due to an increased demand for lightweight materials in various applications. Additionally, the automotive segment is predicted to witness a higher growth in the industry due to growing substitution of heavy metals by lightweight materials.

Segmental Analysis:

The Global Expanded Polystyrene Market is spanned across five key regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major portion of the global market and is anticipated to continue its dominance due to rising demand for Expanded Polystyrene Market in various applications. Countries such as China, Japan and India are the major players in this region. The North America region is estimated to witness a higher growth in the U.S, Canada and Mexico owing to increasing demand for lightweight materials in packaging, automotive, and construction & buildings sectors. The enactment of new rules and regulations set by the European Union has driven the manufacturers to use polystyrene foam in the end-use industries. Moreover, it is projected that the advancing research & development of product in the market has propelled this region to witness a significant growth in Germany, the U.K. and Italy.

The Middle East & Africa is estimated to observe a significant growth due to increasing consumption of lightweight materials in construction & buildings, packaging and automotive sectors. Additionally, the growing demand for humid resistant and low density materials in construction & buildings industry is projected to boost the market in the Latin American region.

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Dynamite Market Share, Growth, Trends, Analysis by 2027

 

Market Overview:

Market Research Future (MRFR) recognizes the following companies as the key players in the global Dynamite Market: Hanwha Corp., Incitec Pivot Ltd, Pakistan Ordnance Factory, Austin Powder Gmbh, Eurenco SA, Explosia, Inc., EPC Groupe, Yara, Nitroerg SA, Forcit Group, Titanobel, Solar Industries India Ltd, MAXAMCorp Holding, S.L., Orica Limited, IDL Explosives, Enaex, Anhui Jiangnan, China Poly Group Corporation, BME, NOF Corporation and Ideal Industrial Explosives Ltd. among others.

Market Highlights:

Global dynamite (explosives) market is projected to reach USD 17,973.7 million by 2023 at a CAGR of 5.67% by the end of the forecast period 2017-2023. Increasing development projects such as roads, airports, and railways coupled with growing number of housing projects are expected to augment the market growth.

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Higher production of coal implies higher penetration of explosives. Thus, economic and infrastructural growth leads to a rise in the coal demand. Moreover, increasing demand for ammunition products for the national security of the region and acute need for higher energetic explosives are encouraging R&D investments in end-use industries. However, stringent regulations regarding health safety and toxic emission may hinder the market growth.

Currently, the market is witnessing a high demand for energy due to industrialization and urbanization. For instance, the global energy consumption was pegged at 575 quadrillion British thermal units (Btu) in 2015 which is expected to be pegged at 736 quadrillion Btu towards the end of 2040. Thus, considering this growth coupled with the increasing population and rising investment in the mining industry, the global market for explosives is expected to register a healthy growth over the forecast period.

Segment Analysis

The global explosives market is segmented on the basis of grade, type, application, and region. Based on the type, explosives are segmented as bulk explosives, cartridges of explosives, ammonium nitrate fuel oil (ANFO), nitroglycerine, and others.The bulk explosives accounted for 47% share of the market in 2016 followed by ANFO and cartridges of explosives. The adoption of the bulk emulsion explosives is increasing owing to the cost-effectiveness as compared to cartridge emulsion explosives. Ammonium nitrate fuel oil is prominent and cost-effective blasting agent available for use in small to large size diameter applications. It is basically dry, free-flowing explosive, formulated to ensure effective use in underground development and tunneling applications. Moreover, ample supply of ammonium nitrate, a key raw material for the production of explosives from countries like China, Russia, India, the United States, and Africa is expected to drive the demand for ANFO based explosives in the coming years.

Dynamite Market is further classified as high and low explosives based on grade. Low explosives tend to deflagrate and releases a large number of gases and heat. Propellant of gunpowder and pyrotechnics are a common application of low explosives. Subsequently, high explosives are gaining importance in explosives market on account of high demand for ANFO, RDX and PETN materials across end-user industries including mining and construction.

Based on the application, explosives are used in mining, construction, quarrying, and defense industry. Among the aforementioned applications, mining industry accounted for 68% share of the market in 2016 and is estimated to reach USD 12,414.9 million by 2023. Coal mining is the most prominent application of mining industry. Increase in government expenditure towards extraction of coal from the surface or underground mines and deploying advanced technologies to extract mineral rich resources at a deeper level are anticipated to drive the explosives market in mining segment. For instance, the government of India announced an investment of USD 100 million for underground mines. Additionally, increasing private and public infrastructure activities, especially in emerging economies and public transportation, are likely to boost the overall market growth. Rising consumption of explosives for quarrying operations, which inherently relate to rise in the demand for stone and sand for construction activities accounts for 9% of world mining market. With a substantial increase in the demand for power to meet global demand of growing population are expected to gather momentum over the forecast period.

Geographically, Asia Pacific region dominates the global Dynamite Market. The region is estimated to reach USD 8,298.4 million by 2023 at a CAGR of 6.05% by the end of the forecast period 2017-2023.  China and Australia are leading countries in this region due to rich in mineral deposits and growing number of infrastructural projects. Manufacturers are investing in advance technology for mineral extraction at a deeper level to meet the demand of metal and non-metal industry. Furthermore, Indian government initiative of 100% FDI in the construction industry coupled with defense expenditure of USD 53 billion by 2017-2018 is likely to boost the overall explosives market. Europe and North America witnessed a sluggish growth. Substantial growth in road development projects and transportation industry is expected to drive the explosives market in aforementioned regions.

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Decorative Coatings Market - Size, Share, Growth, Trends, Analysis by 2027

 

Key Players:

Some of the prominent players operating in the Global Decorative Coatings Market are BASF SE (Germany), PPG Industries Inc.  (U.S.), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (the Netherlands), Asian Paints Limited (Switzerland), Kansai Paint Co., Ltd.  (U.S.), The Valspar Corporation (U.S.), Arkema S.A. (France), Nippon Paints Co. Ltd (Japan), and Tikkurila Oyj (Finalnd) among others.

Market Insight:

Color intensity, gloss, hiding power, light fastness and weathering resistance are the properties can be maximized by utilizing Decorative Coatings Market. They have major applications in residential and non-residential properties. Decorative coating for protection of wall and ceiling surfaces of different compositions. Coating metal objects not only gives them protection, but also charm and warmth, diversity and attractive appearance.

Some of the prominent factors that positively influence the growth of Decorative Coatings Market are increasing construction activities, rising demand for colorants, and increasing urbanization. Increasing urbanization along with rising per capita disposable income in the developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. High adoption rate along with the increasing housing constructions to meet the ever-growing population is yet another reason for the market to grow.

Moreover, continuous innovation and new technologies in Decorative Coatings as well as shifting manufacturers focus towards ecofriendly Decorative Coatings are estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concern regarding the toxic effect of chemicals used in Decorative Coatings along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.

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Regional Analysis:

Asia Pacific is estimated to be the largest Decorative Coatings Market followed by North America and Europe due to strong existence of construction activities. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for decorative coatings in furniture sector. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for decorative coatings, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of middle class population and their purchasing power is predicted to contribute to the regional market growth. In North America, U.S and Mexico are among the major contributors in the regional market growth due to increasing renovation activities and furniture market as well as increasing innovations. In Latin America, Mexico is expected to register moderate growth due to the ongoing financial crisis.

Segmentation:

The Global Decorative Coatings Market is categorized on the basis of type, technology, application, and region. On the basis of type, the market is bifurcated into primer, enamel, emulsion, and others. On the basis of technology, the market is segmented into water borne and solvent borne. On the basis of application, the Decorative Coatings Market is categorized into residential, non-residential and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Cosmetic Pigments Market - Size, Share, Growth, Analysis, Demand by Region and Forecast to 2027

 

Cosmetic Pigments organic or inorganic materials that offer excellent insolubility, waterproof resistance, and extended life properties to the finished material. Moreover, they provide versatility, reliability, and high standard performance to the product.

The Global Cosmetic Pigments Market has been driven by the range of its application in various segments such as facial makeup, eye makeup, lip products, nail products, hair color products, and others. Moreover, it is estimated that the facial makeup segment is set to witness the highest growth in the market due to the growing production of cosmetic products in the sector over the forecast period.

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Market Segmentation:

The Global Cosmetic Pigments Market is segregated into the composition, type, and application. On the basis of the composition, the market is further categorized into organic and inorganic segments. On the basis of the type, the market is segmented into special effect, surface treated, and nano segments. On the basis of the application, the market is classified as facial makeup, eye makeup, lip products, nail products, hair color products, and others.

Market Scenario:

The Organic Pigments Segment is the most widely used components in the market due to its growing consumption of facial makeup, hair dyes, lip products, and others. Moreover, durability, waterproof nature, and long life are the major factors behind the popularity of this segment.

The facial makeup is the leading application and anticipated to observe a rapid growth due to boundless consumption of organic materials in moisturizers, lotions, foundation, and others. Moreover, hair color, nail and lip product segments are expected to witness a rapid growth in the sector due to improving lifestyle and growing concern about facial beauty among the people.

Competitive Analysis:

Some of the major players functioning in the Global Cosmetic Pigments Market are Sun Chemical Corporation (U.S.), Sensient Cosmetic Technologies (France), Merck KGaA (Germany), Sudarshan Chemical Industries Limited (India), Kobo Products Inc (U.S.), BASF SE (Germany), Clariant (Switzerland), Huntsman International LLC (U.S.), LANXESS (Germany), and Geotech International B.V. (the Netherlands) among others.

Regional Analysis:

The Global Cosmetic Pigments Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is set to grow at a higher rate in the market due to rising demand for facial makeup products such as foundation, loose & pressed powders, and others. Countries such as China, Japan, and India are the major players in this region. North America is estimated to witness a higher growth in the U.S., Canada, and Mexico owing to a high standard of living, growing concern about facial beauty among men and women in the region. Europe is the leading region in the global market owing to growing innovation in research & development activities and technological advancement in cosmetics & personal care industries. Thus, the market is expected to witness a significant growth in Germany, the U.K, and Italy.

The Middle East & Africa is estimated to observe a significant growth due to increasing production of cosmetic products such as creams, lotions, lipsticks, and others. Additionally, the growing demand for toners, lake colors and true pigments in cosmetic industries is projected to boost the market in the Latin American region.

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