Stearic Acid Market Is Predicted To Grow Swiftly Due To The Increasing Penetration Of Organic Chemicals Across Personal Care Products Till 2022: Grand View Research, Inc.

Global stearic acid market is expected to reach USD 11.01 billion by 2022, according to a new study by Grand View Research, Inc. Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global stearic acid market. Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period.

Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents. Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

Global stearic acid market estimates and forecast by product, 2012 - 2022 (Kilo Tons)

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Further key findings from the report suggest:

• Global stearic acid demand was 5,744.3 kilo tons in 2014 and is expected to reach 8,129.9 kilo tons by 2022, growing at a CAGR of 4.5% from 2015 to 2022.
• Personal care is projected to witness the fastest growth of 5.1% over the forecast period. Growth of personal care industry in Asia Pacific and Latin America is expected to drive this segment over the forecast period. Surging organic personal care and cosmetic products demand is also estimated to fuel stearic acid demand.
• Growing application scope across various niche segments including metal processing, candle manufacturing, and pharmaceuticals is also expected to drive global stearic acid industry growth in near future.
• Asia Pacific was the largest regional market and accounted for 42.7% of total volume in 2014. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.
• Major companies operating in global stearic acid market include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals, Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd, Kao Chemicals, and Kuala Lumpur Kepong (KLK).

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Pharmaceutical Fine Chemicals Market To Witness Growth Based On Increasing Demand For Preventive Healthcare Till 2025: Grand View Research, Inc.

The global pharmaceutical fine chemicals market is expected to reach USD 153.7 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for preventive healthcare is expected to be a major factor driving market growth. Utilization of pharmaceutical fine chemicals (PFCs) has increased on account of the increasing aging population across the globe. 

Cardiovascular is anticipated to the fastest growing application segment over the over the next eight years growing at an estimated CAGR of 8.4%. The occurrence of cardiovascular disease is on the rise owing to the unhealthy lifestyle of human beings. According to the World Health Organization (WHO), cardiovascular diseases are considered to be the prime cause of fatalities across the globe. The organization also states that cardiovascular diseases caused the death of approximately 17.7 million people in the year 2015. This number approximately represented 31% of the total deaths in the year 2015.

Obesity and an unhealthy lifestyle are some of the most important factors which lead to the occurrence of various diseases such as cardiovascular, neurological, oncological, infectious diseases, metabolic system, diabetes, respiratory, gastrointestinal, and musculoskeletal disorders. Eating junk food, leading unhygienic lifestyle, irregular timetable and many other unhealthy habits lead to diseases amongst human beings. Studies also show that males have more chance of contracting diabetes as compared to females. All these factors combined are thus anticipated to propel the market growth over the forecast period.

U.S. pharmaceutical fine chemical market by application, 2014-2025 (USD Billion)

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Further key findings from the report suggest:

• The global pharmaceutical fine chemicals demand in terms of revenue was USD 78.2 billion in 2016 and is expected to grow at a CAGR of 7.9% from 2017 to 2025
• Proprietary emerged as the largest type segment in 2016 and is estimated to generate revenue of USD 125.1 billion by 2025
• Big molecules were the largest size segment in 2016 and is expected to grow at an estimated CAGR of 7.8% over the next eight years
• Advanced intermediates is expected to be the fastest growing product segment over the forecast period growing at an estimated CAGR of 8.3%
• Industry participants include Angelini Acraf S.p.A, Albermarle Corporation, Chemada Fine Chemicals, W.R. Grace & Co., and Kenko Corporation. These players have vertically integrated their operations to increase their market presence and thus gain competitive advantage in the market

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Concrete Admixtures Market Size Will Grow At A CAGR Of 7.0% CAGR from 2014 to 2025: Grand View Research, Inc.

The global concrete admixture market value is expected to reach USD 33.6 billion by 2025, according to a new report by Grand View Research, Inc. Rising investment in the hospitality sector is expected to propel the market growth.

Major market players are implementing growth-through-acquisition strategy to increase their market presence. The market is observing a rise in strategic mergers among key industry players. For instance, the key merger of the concrete admixture market in 2016 is the strategic collaboration of the U.S. based Huntsman Corp and Clariant AG. This merger is anticipated to create a market value of USD 14 billion.

The concrete admixture is largely used in the construction processes for the building bridges, arches, tunnels, buildings, road slabs, and others. The construction sector growth is largely dependent on the emerging countries. Major events generate big infrastructure reforms. For example, Brazil witnessed heavy investment in infrastructure sector to uphold the Olympic games held in 2016. Similarly, Qatar is likely to see major growth in infrastructure development subjected to upcoming FIFA world cup in 2022.

The water reducing agents such as plasticizers and superplasticizers are anticipated to dominate the global concrete admixture market over the forecast period. The water reducing agents are used to reduce the water content in the concrete by 5% to 12%. The product is gaining prominence due to its distinct feature to reduce water content while maintaining workability of the concrete for easy placement and consolidation.

U.S. concrete admixture market revenue by application, 2014 - 2025 (USD Billion)

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Further key findings from the report suggest:

• The global demand for concrete admixture market was USD 18.4 billion in 2016 and is expected to grow at a CAGR of around 7.0% over the forecast period to exceed a total revenue of over USD 33.6 billion by 2025.
• Water reducing agents was the biggest segment in the market accounting for over 43% of the total revenue in 2016
• Non-residential and infrastructure was the largest application segment with a demand of over USD 12.4 billion in 2016, growing at a CAGR of 6.7%
• The APAC is expected to be the largest regional market with a projected CAGR of 8.5% over the forecast period

• The industry is dominated by a few multinational corporations such as BASF SE, The Dow Chemical Company, and Sika AG. Companies are moving towards strategic mergers and acquisition to increase their international presence and gain significant market share.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Polymer Gel Market Is Predicted To Grow Swiftly Due To Increasing Personal Care Products Consumption Till 2025: Grand View Research, Inc.

The global polymer gel market is expected to reach USD 7.93 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.7% over the forecast period, owing to increasing personal care products consumption has been a major factor driving market growth. In addition, growing consciousness regarding the advantages of these products coupled with the trends of adopting smart farming techniques has led to the increased utilization of polymer gel in agricultural activities.

Demand for polymer gels is anticipated to witness promising growth during the forecast period on account of rapidly growing personal care market. Polymer gel is mainly driven by the demand from the personal care industry, as it has high absorbing capacity. The demand for polymer gel is expected to grow owing to the rising growth in various end-use industries in the Asia Pacific region.

Personal care was the largest application category in 2016 and is expected to maintain fastest growth rate over the forecast period. Agricultural applications are anticipated to grow at a CAGR of 5.5% from 2017 to 2025.

Polymer gels are widely used in manufacturing of diapers across the world. Rapidly expanding infant population coupled with rising awareness regarding personal hygiene are contributing towards demand for diapers. Moreover, rising participation of women in workforce and increasing disposable income is also supplementing demand for baby diapers, which in turn is driving the overall polymer gel market demand. 

U.S. polymer gel market volume by application, 2014 - 2025 (Kilo Tons)

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Further key findings from the report suggest:

• The global polymer gel demand reached 2,126 kilo tons in 2016 and is expected to grow at a CAGR of 4.7% from 2016 to 2025. The key end-use industries include personal care, construction, agriculture, drug delivery system, and waste treatment.
• Personal care emerged as the largest application segment in 2016 and this trend is expected to continue over the forecast period. Polymer gel are widely used in personal care products as they act as an effective absorbent for water and other aqueous solutions. These products include baby & adult diapers and female hygiene products. 
• The U.S. polymer gel market in personal care was 331.6 kilotons in 2016 and is estimated to witness a lucrative growth over the forecast period. Robust growth in construction industry, on account of ongoing recovery in residential and commercial construction in the country, is expected to propel market growth over the forecast period. 
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies. The regional market is expected to grow at a CAGR of 6.6% from 2017 to 2025. The presence of various potential markets in the region such as Japan, China, South Korea, and India is fueling the demand for personal care products.
• Key market players include Saudi Arabian Amiantit Company, Enduro Composites, Inc., Ma’s Group Inc., FIMA Group Ltd., Sumitomo Seika Chemicals Co., Ltd, Nippon Shokubai Co., Ltd., LG Chemicals Ltd., Evonik Industries, BASF Corporation, Dow Chemicals and Chemxtex Speciality Limited.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Furfural Market Worth USD 1,200.9 Million By 2020: Grand View Research, Inc.

The Global Furfural Market is expected to reach USD 1,200.9 million by 2020, according to a new study by Grand View Research, Inc. Industry shift towards minimizing dependence on conventional petrochemicals on account of growing environmental concerns and volatile prices is expected to remain a key driving factor for the global furfural market. Furfural has been identified as one of the major platform chemicals which are used to derive other industrial chemicals. Emergence of novel furfural application to manufacture THF, furfuryl alcohol resins and furanics is also expected to have a positive influence on the market growth. Obsolete production technologies affect the yield and increases the overall cost of production which is expected to remain a key challenge for market participants over the next six years.

Furfuryl alcohol was the largest application segment for furfural market and accounted for more than 86.3% of the total market in 2013. Increasing furan resins demand in foundry applications such as sand binders is expected to remain a key driving factor for this segment. Global furfural demand for solvents is expected to grow at an estimated CAGR of 13.3% from 2014 to 2020.

Global furfural market volume by application, 2012-2020 (Kilo Tons)

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Further key findings from the report suggest:

• Global furfural market demand was 300 kilo tons in 2013 and is expected to reach 652.5 kilo tons by 2020, growing at a CAGR of 11.9% from 2014 to 2020.
• China emerged as the leading regional market for furfural and accounted for 72.6% of total market volume in 2013. China along with being the largest consumer is also the largest producer of furfural which has been a major factor for the growth of domestic market. Low production cost of furfural in China is expected to remain a key driving factor for the domestic market. However, the furfural industry has been facing an issue of availability of corn cob, basic raw material to manufacture furfural. The prices of corn cob have been witnessing an upward trend in the recent past which has prompted the government agencies to stockpile corn cob.
• Increasing furfural demand in markets such as Thailand, Indonesia, Malaysia and India is expected to augment the global market growth. Growth of major end-use industries such as chemicals, pharmaceuticals and foundry industries particularly in emerging markets of Asia Pacific is expected to be a major factor contributing to the market growth. Western European furfural market is expected to grow at an estimated CAGR of 10.3% from 2014 to 2020.
• Global furfural market is fragmented with a presence of large number of small scale manufacturers in China. Major companies are integrated along the value chain and are involved in the production of furfural derivatives such as furfuryl alcohol. Some of the major companies operating in the global market include Teiling, Central Romana Corp., International Furan Chemicals, TransFurans Chemicals, Penn A Kem LLC and Sugar Illovo Ltd.

 For more information: http://www.grandviewresearch.com

Furandicarboxylic Acid Market Is Predicted To Grow Swiftly Due To Enhanced Application Scope In PET, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols Till 2020: Grand View Research, Inc.

The estimated market potential for FDCA is expected to reach USD 498.2 million by 2020, according to a new study by Grand View Research, Inc. Avantium’s FDCA production facility is expected to come online by in 2016 - 17 with annual capacity reaching 50 kilo tons by 2017. FDCA is expected to have great potential as a replacement to other petroleum based chemicals such as adipic acid, terephthalic acid and bisphenol A. The addressable market for FDCA as of 2013 was in excess of 50 million tons with PET and PBT being the largest applications.

The market potential for FDCA is expected to reach 498.15 kilo tons by 2020, growing at a exponential CAGR of 367.0% from 2014 to 2020, owing to the projected commercial production of FDCA by Avantium in 2016 using bio feed stock. The market for FDCA in 2013 was 40 tons with production on order basis primarily for scientific applications.

FDCA potential application volume share, 2020

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Further key findings from the report suggest:

• Post commercialization, PET is expected to be the largest application segment for FDCA accounting for 64% of the global market in 2020. The growing demand for packaging material coupled with the need for bio based products is expected to greatly boost the demand for FDCA.

• Polyamides are expected to be the second largest application segment in 2020 with a potential market for 80,000 tons. FDCA has the potential to replace adipic acid and its bio based alternative considering economic production by 2020.

• A limited number of companies manufactured and supplied FDCA as of 2013 and primarily for scientific purpose. Avantium is expected to begin construction of its first commercial FDCA plant with 50 kilo ton capacity in 2015 and is expected to begin production by 2017.

• Avantium has been a key participant inFDCA technology development, with partnerships and alliances with key application clients including The Coca-Cola Company, Danone, Teijin, Solvay and Rhodia.

 For more information: http://www.grandviewresearch.com

Glycerol Market Is Predicted To Reach USD USD 2.52 Billion By 2020: By Grand View Research, Inc.

The Global Glycerol Market is expected to reach USD 2.52 billion by 2020, according to a new study by Grand View Research, Inc. Biodiesel emerged as the leading source of glycerol, accounting for over 1,400 kilo tons of glycerol production in 2013. Growing application market coupled with increased production of oleochemicals in Asia Pacific is expected to augment glycerol demand over the forecast period.

Personal care and pharmaceuticals were the largest application segment, with glycerol consumption exceeding 870 kilo tons in 2013. However, food & beverage is expected to be the fastest growing application segment at an estimated CAGR of 8.4% from 2014 to 2020, owing to improving lifestyle in emerging economies leading to increased consumption of processed and packed foods.

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Further key findings from the report suggest:

• Global glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.

• Biodiesel was the largest source for production of glycerol accounting for 62.96% of the market in 2013. However, fatty alcohols are expected to be the fastest growing source for glycerol production at an estimated CAGR of 8.3% from 2014 to 2020.

• Alkyd resins and foods & beverages followed personal care & pharmaceuticals accounting for a market volume of 12.94% and 12.22% respectively.

• Asia Pacific was the leading regional market and accounted for 37% of market volume in 2013. It is also expected to be the fastest growing market for glycerol at an estimated CAGR of 7.8% from 2014 to 2020.

• The global glycerol market is highly concentrated with the top four companies including IOI Group, KL Kepong, Emery Oleochemicals and Wilmar International accounting for over 65% of market revenue in 2013. Other companies operating in the market include P&G, Kao Corporation, Cremer Gruppe and Oleon.

 For more information: http://www.grandviewresearch.com