Chemicals and Materials

Format: 2016-07-23
Format: 2016-07-23
July 22, 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


July 22, 2016 | 58 Pages | SKU: IRTNTR9150

Outlook of the chromium mining market

Technavio’s market research analysts have predicted the global chromium mining market to grow at a moderate CAGR of more than 5% during the forecast period. The increasing demand from the stainless steel market is one of the key factors driving the growth of this market globally. Stainless steel has extensive applications in various industries including manufacturing, construction and infrastructure, automotive, transport, and electrical machinery. Moreover, stainless steel is rust resistant and can be sterilized easily, making it ideal for daily use products. Since chromium is an essential raw material in the production of ferrochrome, growth in the steel industry will indirectly result in the growth of the chromium market during the predicted period.

In this industry research report, the analysts have estimated factors like the increase in production of non-met chromite to bolster the growth prospects of this market until the end of 2020. The production of non-met chromite for foundry and chemical grade chromite is expected to grow in the coming years. Non-met products are a by-product of metallurgical grade chromium production. However, due to the rapid growth, most companies are entering into the manufacture of foundry products. For instance, in 2015, Mineral Technologies entered a joint venture with Glencore to supply foundry grade chromite. With an increasing number of companies manufacturing foundry products, the market for chromium has a positive outlook until the end of 2020.

Segmentation by type and analysis of the chromium mining market

  • Metallurgical
  • Chemical and foundry sand
  • Refractory

In 2015, the metallurgical segment dominated the chromium mining market and accounted for almost 95% of the market share. Metallurgical ore is


July 22, 2016 | 87 Pages | SKU: IRTNTR9478

Overview of the non-ferrous metals market

Technavio’s market research analysts have predicted the global non-ferrous metals market to witness steady growth and will post a CAGR of close to 5% over the forecast period. The increasing demand for galvanized steel is one the key factors driving the growth of this market globally. Galvanization is the process of immersing steel in molten zinc to create a corrosion-resistant coating of zinc-steel. Galvanization also provides resistance against physical damage. The global demand for galvanized steel is increasing significantly owing to its benefits in industrial applications, which will, in turn, translate into the increasing demand for zinc in the overall market.

One of the emerging trends spurring the growth prospects of this market is the extensive applications of titanium. Titanium is used in anodic spark deposition, a technology that has the potential for expanding titanium’s suitability for automotive, biomechanical, marine, and industrial applications. Furthermore, it is also used in the manufacture of titanium exhausts. Moreover, commercially pure titanium is becoming the standard material of construction in many services owing to its corrosion-resistant properties. The increasing adoption of pure titanium for the manufacture of heat exchanger, dimensionally stable anodes for chlorine and chlorate production, and bleaching equipment in pulp and paper industry will propel this market’s growth prospects over the coming four years.

Product segmentation and analysis of the non-ferrous metals market

  • Aluminum
  • Copper
  • Lead
  • Tin
  • Nickel
  • Titanium
  • Zinc

During 2015, copper was one of the fastest growing segments in the global non-ferrous metals market. Copper has extensive applications in different end-user segments and sectors including electrical and


July 22, 2016 | 63 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 21, 2016 | 64 Pages | SKU: IRTNTR9148

Overview of the global zeolite market

Technavio’s market research analyst predicts that the global zeolite market will grow at a CAGR of close to 8% by 2020. One of the primary drivers for this market is the growing use of zeolite as refrigeration adsorbents owing to their non-flammable non-poisonous nature and natural availability. Zeolites are generally used as cooling agents in the refrigeration adsorption systems. Adsorption refrigeration systems are gaining popularity because they can be stimulated by low thermal energy. Also, these systems make use of refrigerants that do not emit chlorofluorocarbons (CFCs). The growing need for refrigeration for food preservation purposes will augment the demand for zeolite-based adsorption refrigeration systems during the forecast period.

An important trend gaining traction in this market is the growing usage of zeolites as a substitute for sodium tripolyphosphates. Several governments have restricted the use of phosphates in detergents as their usage reduces the water quality.  Zeolite-A has come up as an eco-friendly alternative to sodium tripolyphosphate, which maintains the maximum builder efficiency and softness for wash water. Being efficient builders for detergents, zeolites offers superior and economical wash, which in turn will boost growth prospects for this market in the coming years.

Segmentation by end users and analysis of the zeolite market

  • Detergents
  • Catalysis
  • Adsorbents

The detergent segment is the biggest end user of zeolite, accounting for around 72% of the total market share in 2015. The rising need to safeguard biodiversity and marine ecologies has restricted the use of phosphates in detergents. This decrease in the use of phosphates will help in the growth of the global zeolites market as they are the most preferred substitute for phosphates. Rising consumption of


July 19, 2016 | 62 Pages | SKU: IRTNTR9471

Overview of the scar treatment market

Technavio’s market research analyst has estimated the global scar treatment market to witness tremendous growth at an impressive CAGR of more than 10% over the forecast period. The approval of dermal fillers by the FDA for the treatment of scars is one of the primary factors driving the growth of this market in the coming years. Bellafill by Suneva Medical has been approved for use in the treatment of acne scars,  providing immense opportunities for market expansion. Currently, Bellafill is the only approved filler for treatment disfiguring skin abnormalities. This filler adds volume to skin and aids in the treatment of atrophic scars and distensible acne scars, which has led to its augmented demand around the world.

The growing popularity of natural oils is one of the emerging trends spurring the growth prospects for this market over the forecast period. The increasing customer preference for natural alternatives that have minimal or no side effects has led to a staggering demand for natural oils in the global scar treatment market. The majority of consumers in developed countries are opting for over-the-counter products that contain natural oils because of their ability to restore the skin's inherent healing properties at comparatively lower prices. Similarly, consumers in developing countries are also choosing natural products such as tea tree oil and aloe vera for scar treatment. The growing popularity of essential oils in scar treatment is anticipated to contribute to this market’s growth until the end of 2020.

Segmentation by type of treatment and analysis of the scar treatment market

  • Type of products
  • Types of therapeutic procedures

During 2015, the types of products segment dominated the market and accounted for close to 61% of the market share. The different products available for scar treatment


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