Chemicals and Materials

July 20, 2016 | 60 Pages | SKU: IRTNTR9064

Overview of the ethylene oxide and ethylene glycol market

The global ethylene oxide and ethylene glycol market is envisaged to witness steady growth and post a CAGR of close to 6% over the forecast period. One of the key factors driving the growth of this market is the growing demand for PET bottles from the packaging industry. Nearly half of the ethylene oxide produced globally is used for manufacturing ethylene glycol, which is a crucial raw material for the production of PET resins and polyester fibers. PET bottles are extensively used in packaging as they are lightweight, easier to handle, and can be re-sealed easily. Also, PET containers help retain the flavor, appearance, and aroma of food. Moreover, the demand for PET packaging is spurred by the proliferation of premium food brands that ensure healthier, safer alternatives for packaging.

The emerging demand for polyester fibers in the APAC region is anticipated to be one of the key trends impelling the growth prospects of this market in the coming years. Polyesters are widely used in coated fabrics, conveyor belt fabrics, and seat belts. Increasing industrialization and lifestyle changes in developing countries like India and China has led to an augmented demand for polyester fibers. As the availability of cotton is restricted, polyester fiber is increasingly used to meet the growing demand for fibers in these countries. Since ethylene glycol is essential in the production of polyester fibers, this market is envisaged to have a positive outlook until the end of 2020.

Geographical segmentation and analysis of the ethylene oxide and ethylene glycol market

  • Americas
  • APAC
  • EMEA

In terms of geography, the APAC region dominated the global ethylene oxide and ethylene glycol market and is expected to reach nearly USD 49 billion by 2020. Factors such as rapid industrialization and the


July 20, 2016 | 60 Pages | SKU: IRTNTR9066

Overview of the global industrial gases market

Technavio’s market research analysts have estimated the global industrial gases market to grow tremendously at a CAGR of more than 8% over the forecast period. One of the primary factors driving the growth prospects for this market is the increasing demand from end-user industries such as oil and gas, energy, petrochemicals, and chemicals. These industries use gases like medical gases, speciality gases, fuel gases, and refrigerant gases to improve their operational efficiency. These gases are also used for producing or processing the final output. Moreover, rapid growth in developing nations such as India, China, South Korea, and Brazil will also lead to an increasing demand for industrial output, which will, in turn, contribute to the growth of this market in the coming years.

In this market research report, the analysts have estimated factors such as the increasing use of industrial gas in photovoltaic (PV) industry to impel the growth prospects for this market over the forecast period. Clean energy, particularly solar PV, is attracting investments globally and is evolving as a prominent source of clean energy generation. Moreover, industrial gases play a significant role in the manufacture of PV panels or cells and also help in reducing the overall manufacturing cost.  These gases are used in the PV industry for optimizing wafer production and reducing silicon losses during the ingot sawing process. This helps in significantly reducing the manufacturing costs, which will lead to their increased adoption over the forecast period.

Segmentation by distribution and analysis of the industrial gases market

  • Packaged
  • Merchant
  • On-site

During 2015, the packaged segment dominated the market and accounted for around 45% of the market share. Consumers that require small volumes of industrial gases


July 20, 2016 | 66 Pages | SKU: IRTNTR8387

Outlook of the global solvent market

Technavio’s market research analyst predicts the global solvent market to grow at a CAGR of approximately 4% during 2016 and 2020. Since the demand for solvents is heavily dependent on the growth of the construction industry, its increasing utilization for the construction of residential buildings and complexes will lead to this market’s steady growth during the estimated period. Recently, it has been observed that the construction industry has witnessed a sudden growth in emerging economies like Asia and Africa. The growth of the construction industry in these regions will propel the prospects for growth in this market during the forecast period.

In terms of geography, the APAC region will be the largest market for solvents during the forecast period. The widespread availability of labor and petrochemical feedstock in this region will foster market growth until 2020. Additionally, factors such as the growth of the pharmaceutical and paint & coatings industry in this region will impel the demand for solvents in APAC during the forecast period.

Segmentation by product type and analysis of the solvent market

  • Organic solvent
  • Inorganic solvent

The global solvent market is dominated by the organic solvent segment, which can be further categorized into oxygenated, hydrocarbon, and halogenated solvents. Alcohol-based solvents, which are categorized under oxygenated solvents emerged as the leading product segment in 2015 owing to its augmented demand from various end-user industries.

Application-based segmentation of the solvent market

  • Paints and coatings
  • Printing inks
  • Cosmetics and adhesives
  • Pharmaceutical

July 15, 2016 | 60 Pages | SKU: IRTNTR9823

Overview of the global industrial catalysts market

Technavio’s market research analyst predicts that the global industrial catalysts market will grow at a CAGR of more than 5% during the forecast period. The growing demand for greener fuel will augment the growth of this market in the next four years. Industrial catalysts help in the removal of nitrogen and sulfur from petroleum products and offer solutions to an upgraded version of oil fractions for clean fuels. Some of the top companies have started using biodiesel, ethanol, natural gas, and propane as alternatives to traditional petroleum products, which helps in reducing carbon emissions and costs. The governments of several countries have mandated certain regulations for oil manufacturing companies to reduce carbon pollution by 10%.

In terms of geography, APAC led the global industrial catalysts market during 2015 and is expected to account for over 35% of the overall revenue share by 2020. In APAC, countries like India, China, Japan, South Korea, and Indonesia are likely to dominate the consumption of industrial catalysts in the region during the forecast period. China is the manufacturing leader of industrial catalysts as it is the major producer of end-consumer products including manufacturing, construction, cosmetics, and computers.

Competitive landscape and key vendors

The global industrial catalysts market is highly competitive due to the presence of several suppliers and buyers across the globe. Top manufacturers of industrial catalysts like BASF, AkzoNobel, and Arkema have adopted various strategies to launch new products in the market. The manufacturers are focused on providing low-cost and high-quality industrial catalysts for numerous applications, such as chemical synthesis, petroleum refinery, and polymers and


July 15, 2016 | 60 Pages | SKU: IRTNTR9831

Overview of the global argon market

Argon has the potential of narcotic and protective properties and has proved beneficial for medical purposes. Several studies indicate that the argon gas has the ability to display narcotic effects at hyperbaric pressures of more than 10 atmospheres and is a potential neuroprotective agent. Argon gas is preferred for the treatment of brain injuries like in vitro OGD and TBI. It is also preferred over other noble gases owing to its low cost. Besides being used as a neuroprotectant, argon has high usage in food and beverages applications such as in encasing, freezing, and fumigation. The gas is predominantly used for the efficient cooling of food products, inerting the storage and packaging atmosphere, and fumigation of grains. Technavio’s market research analyst predicts the global argon market to grow at a CAGR of around 5% by 2020.

Argon has gained huge popularity in gas chromatography. Argon plasma is the most prevalent source of ions and is very efficient in plasma generation. Argon has wide acceptance in electrosurgery, where the argon plasma coagulation is used to induce superficial thermal effects on tissues in a non-contact manner. Tissue devitalization, hemostasis, and tissue reduction are the major application fields of argon. The argon plasma coagulation is applied in most surgical areas including urology, general and visceral surgery, gynecology, gastroenterological, bronchological endoscopy, and ear, nose, and throat.

Competitive landscape and key vendors

The market is oligopolistic in nature and is dominated by prominent chemical manufacturers, who have an expanded portfolio of industrial gases with exclusive manufacturing technologies and


July 05, 2016 | 60 Pages | SKU: IRTNTR9205

Outlook of the global silica minerals mining market

Technavio’s market research analyst predicts that the global silica minerals mining market will grow at a steady CAGR of just over 5% during the forecast period. Due to the resurgence of the global gas industry, the silica minerals mining industry has been experiencing a high demand for sand. Silica sand is used in the oil industry for the hydraulic fracturing process as it helps in the extraction of gasses. With the growing demand for silica from oil companies, the growth prospects for this market will witness a stark increase until the end of the predicted period.

The market demand for silica minerals is very high due to an increase in horizontal well drilling by oil companies. Service companies like Schlumberger are always refining fracking techniques and technologies so that they can maximize hydrocarbon recovery from every well. One of the most used techniques is horizontal drilling, which requires more stages in the fracking process. This means that more proppant has to be used at each stage, resulting in a higher need for silica sand. This market trend favors the growth of the silica minerals mining market during the forecast period.

Segmentation by end use and analysis of the silica minerals mining market

  • Glass
  • Hydraulic fracturing
  • Foundry
  • Construction
  • Sports and leisure
  • Chemicals

The glass segment dominates the global silica minerals mining market and is expected to use close to 74 million metric tons of silica minerals by the end of the forecast period. Much of this growth can be attributed to the rise in demand for silica sand from industries such as construction, solar panels, specialty glass, and automotive. Furthermore, with


Pages