Fire Fighting Chemicals Market Is Predicted To Grow Due To Increasing Number Of Favorable Fire Safety Regulations Till 2025: Grand View Research, Inc.

The global fire fighting chemicals market is expected to reach USD 2.94 billion by 2025, according to a new report by Grand View Research, Inc. Increasing safety concerns has been a major factor driving market growth. Employment of fire fighting chemicals services has increased owing to increasing number of favorable fire safety regulations.

Fire fighting chemicals are primarily utilized in fire fighting equipment such as automatic sprinkler systems, fixed and portable fire extinguishers, fire dampers, inert gas systems, and fire retardant bulkhead. These fire suppression chemicals are then sprayed by means of fire extinguisher over the combustion zone, in order to alleviate its temperature and thus eventually extinguish the fire.

Potassium bicarbonate is projected to be the fastest growing segment in the chemicals category over the forecast period with an estimated CAGR of 5.1% from 2017 to 2025. Potassium bicarbonate is the only dry chemical certified by National Fire Protection Agency (NFPA) U.S. for use in Aircraft Rescue and Fire Fighting (ARFF). Potassium bicarbonate is also the most preferable dry chemical for use in oil spill incidences on onshore & offshore drilling sites. It is a salty, colorless and odorless chemical. These factors are projected to boost the potassium bicarbonate segment growth over the forecast period.

Server rooms are utilized to serve as a data center. These server rooms are kept air conditioned in order to drive out the heat generated by the constant rapid activity of data transferring. However, if in case the air conditioners malfunction it might lead to heating up of the room and also cause a fire hazard. Owing to this factor, fire dampers are utilized to stop the oxygen supply to the room in case of fire occurrence. On account of this factor, fire dampers application segment is expected to show a moderate to high growth rate over the forecast period. In terms of volume, the fire dampers segment had a market share of 20.3% in 2016.

U.S. fire fighting chemicals market volume by application, 2014 - 2025 (Kilotons)

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Further key findings from the report suggest:

• The global fire fighting chemicals demand in terms of revenue was USD 2.10 billion in 2016 and is expected to grow at a CAGR of 3.9% from 2017 to 2025
• Dry chemicals emerged as the largest type segment in 2016 and is estimated to generate revenue over USD 1.09 billion by 2025
• Fire retardant bulkhead is anticipated to be the fastest growing application segment over the next eight years and in terms of revenue is estimated to grow at a CAGR of 4.3%
• The Asia Pacific region in terms of revenue is anticipated to witness high growth at a CAGR of 6.2% by 2025. Increasing governmental initiative for fire safety and favorable regulations are expected to propel the regional market growth
• Key players of the industry include Solvay S.A., EuroChem Group AG, Linde AG, Air Products & Chemicals, Inc., and Praxair, Inc. These major players have forward integrated their operations in order to 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

Lubricants market To Gain Demand Quickly Due To Increasing Sales Of Passenger Cars & Motorcycles Till 2022: Grand View Research, Inc.

The global lubricants market size is expected to reach USD 68.54 billion by 2022, according to a new study by Grand View Research, Inc. Growth of automotive industry in emerging markets of Asia Pacific and Latin America is expected to drive automotive lubricants demand. The market is characterized by increasing demand for engine oils, transmission fluids and hydraulic fluids in both commercial and consumer automotives. Increasing sales of passenger cars and motorcycles is expected to further strengthen the trend over the forecast period. Increasing industrial output in China, India, Brazil and Russia is expected to drive the demand for industrial lubricants.

Recycling of used lubricants is another major issue that has attracted a lot of stern regulations from agencies. The global market is regulated by policies from environmental agencies such as U.S. EPA, REACH and ECHA. Lubricant products or chemicals that are imported or manufactured in Europe need to be preregistered with REACH and have to be compliant with ECHA regulations. Similar guidelines have been established by EPA to ensure biodegradability, toxicity and labeling of lubricant products in the U.S.

Global lubricants market volume by product, 2012 - 2022 (Million Tons)

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Further key findings from the report suggest:

• Global lubricants market was 36.36 million tons in 2014 and is expected to reach 43.87 million tons by 2022, growing at a CAGR of 2.4% from 2015 to 2022.
• Industrial lubricants emerged as the largest product segment and accounted for over 39% of the total market volume in 2014. Increasing consumption of general industrial lubricants and process oils in industrial machinery such as centrifuges, rotary compressors, air compressors and machine bearings is expected to drive industrial lubricants demand over the forecast period.
• Asia Pacific was the largest lubricants market and accounted for over 40% of the total market volume in 2014. High industrial production in China and India is expected to drive industrial lubricants demand which in turn is expected to complement regional market growth. Increasing automotive sales in the region is expected to further complement the regional market growth.
• Global lubricants market is fragmented with top four companies, Shell, ExxonMobil, BP and Chevron accounting for over 42% of the total market share. Companies are actively establishing strategic alliances with end-users in order to secure their lubricants sales. Companies such as Total, Shell, Amsoil and Castrol have entered into exclusive partnerships with Tata Motors, BMW, Ford and Vestas Wind Systems to supply their lubricant brands.
• Companies such as Fuchs, Shell and Chevron are involved in acquisition of smaller lubricants manufacturers in order to increase their market share. New product launches and capacity expansions are generic strategies employed by companies to increase their market presence.

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

High Performance Pigments Market To Witness Growth Based On Growing Of Automotive Coatings Demand Till 2022: Grand View Research, Inc.

The global High Performance Pigments Market is expected to reach USD 6.32 billion by 2022, according to a new report by Grand View Research, Inc. Growing of automotive coatings demand on account of increasing automobile production particularly in Asia Pacific is expected to remain a key driving factor for the global High Performance Pigments Market.

The growth of global personal care industry is also expected to have a positive influence on the market growth. Volatile raw material prices coupled with the high price of these pigments is expected to remain a key challenge for market participants. The market displays high competition among its industry participants which has resulted in companies taking strong measures to reduce manufacturing costs and yet provide superior quality products. 

Inorganic high performance pigments emerged as the leading product segment with demand share exceeding 60% of the global market in 2014. However, organic high performance pigments are presumed to witness a faster growth rate on account of changing customer buying patterns and favorable regulatory scenario. 

U.S. High Performance Pigments Market revenue by product, 2012 - 2022 (USD Million)

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Further key findings from the report suggest:

• Global High Performance Pigments Market demand was 154.8 kilo tons in 2014 and is expected to reach 233.0 kilo tons by 2022, at a CAGR of 5.2%from 2015 to 2022.
• Coatings were the leading application segment and accounted for 59.9% of total market volume in 2014. Growth of global automotive coatings industry is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 5.4% over the forecast period. Developments in the ink jet printing technology are expected to lead high performance pigment demand in the ink industry.
• Europe dominated the global market with demand share estimated at 31.8% in 2014. Developed markets of North America and Europe have had their dominance in the past. However, the recent economic downturn critically impacted key end-use industry growth in these regions. Recovery of U.S. automotive industry from the economic downturn is expected to re-establish high performance pigment demand in North America.
• Asia Pacific is expected to witness the highest growth of 6.0% from 2015 to 2022. Increasing automobile production in China, India, Thailand and Indonesia is expected to drive the regional market over the forecast period. 
• The global high performance pigment industry was once recognized by a few multinational corporations. However, the advent of globalization has led new entrants in the industry. Companies have been taking key strategic initiatives to enhance their product portfolio and penetrate the market deeper by targeting applications such as cosmetics, inks, and plastics. Some leading companies in the global market include Sun Chemical, Clariant, BASF, Ferro, Heubach, Sudarshan Chemical Industries Ltd, Merck, Eckart Effect Pigments and Horst Chemicals Zhuhai Co. Ltd.

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

High Heat Foam Market To Witness Growth Based On Rising Demnd In Sports And Leisure Applications Till 2024: Grand View Research, Inc.

The global High Heat Foam Market is expected to reach USD 13.89 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for high heat foams in automotive and aerospace industries is anticipated to drive the market over the forecast period. Growing automotive industry coupled with rising need for lightweight vehicles is expected to fuel industry growth over the forecast period. Need for fuel-efficient vehicles along with government regulations regarding automotive pollution is expected to further drive the market in near future. 

Growing aerospace industry is anticipated to fuel high heat foams demand over the forecast period. The surge in demand for high heat foams in sports and leisure applications, especially in the Asia Pacific, is also expected to impel high heat foams demand over the next eight years. 

Automotive was the leading consumer and accounted for 32.5% of global demand in 2015. Increasing automotive production in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period. Aerospace also contributed significantly towards the overall market share in terms of revenue. This can be attributed to the high cost of aerospace grade high heat foams than that of other grades available in the market. Growth in the commercial aviation segment is expected to fuel high heat foams demand over the next eight years.

U.S. High Heat Foam Market volume by product, 2014 - 2024 (Kilo Tons)

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Further key findings from the report suggest:

• The global High Heat Foam Market demand was 1,442.6 kilo tons in 2015 and is expected to reach 2,206.3 kilo tons by 2024, growing at a CAGR of 5.0% from 2016 to 2024
• Silicone was the leading product segment and accounted for 35.1% of total demand in 2015. Growing demand for these products in the industrial sector is expected to drive this segment over the forecast period.
• Melamine is projected to grow at a CAGR of 7.4% from 2016 to 2024. The high growth may be attributed to rising use in aerospace sector owing to various to benefits such as excellent thermal insulation.
• Asia Pacific was the leading consumer and accounted for 45.5% of global volume in 2015 owing to growing automotive and construction industry in the region. It is also expected to witness the highest growth of 5.6% over the forecast period.
• Major companies operating in the global high heat foams industry include Intec Foams, BASF SE, Sabic, Sinoyqx, UBE Industries, Ltd., Armacell International S.A., Puren Gmbh, Evonik Industries, Wacker Chemie AG, and Rogers Corporation.

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Heat Transfer Fluids Market Is Anticipated To Grow Due To Increasing Demand In Metal Processing, Pharmaceuticals & Food Processing Till 2022: Grand View Research, Inc.

Global heat transfer fluids market is expected to reach USD 3.68 billion by 2022, according to a new study by Grand View Research, Inc. Imminent need to manage excessive heat in several manufacturing industries including automotive, metal processing, pharmaceuticals, and food processing is a major factor driving heat transfer fluid demand across the globe. Surging requirement for application specific fluids with optimum thermal coefficient is also anticipated to fuel industry growth over the forecast period. Rapid industrialization in BRICS markets is expected to help in market development over the forecast period. 

Stringent environment regulations coupled with volatile raw material prices are expected to pose threat to industry profitability. Development of bio-based or water-based heat transfer fluids is anticipated to create lucrative opportunities for industry participants. 

Silicone & aromatics formed the largest product segment with demand share exceeding 40% in 2014. The segment is expected to gain share over next seven years on account of increasing  requirement for synthetic thermal oils in these applications is expected to drive the product market over the forecast period. Glycols are expected to witness maximum gains in its market size over the forecast period on account of excellent antifreeze properties. 

U.S. heat transfer fluids market volume by product, 2012-2022 (Kilo Tons)

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Further key findings from the report suggest:

• Global heat transfer fluids market demand was 465.9 kilo tons in 2014 and is expected to reach 745.3 kilo tons by 2022, growing at a CAGR of 6.1% from 2015 to 2022
• Oil & gas was the leading application segment and accounted for 23.8% of total market volume in 2014. HTF demand in this segment is expected to witness a modest growth over the forecast period. Increasing use of heating oil in offshore oil & gas thermal processes is anticipated to fuel market growth.
• CSP is expected to witness significant gains in its size over the forecast period on account of growing energy demand and favorable government initiatives particularly in Spain, U.S. and Middle East.
• Europe was the largest regional market and accounted for over 30% of global demand in 2014. Power and energy sector is highly active in these regions owing to high energy requirements from industrial sectors. Large scale urbanization coupled with increased usage of automobiles is expected to steer the demand for coolants and other heat transfer fluids.
• Asia Pacific is expected to witness the highest growth of 7.0% from 2015 to 2022 on account of growing chemical and food & beverage industry in China, India and Indonesia.
• Major companies operating in global heat transfer fluids market include Dow Chemicals, Shell, ExxonMobil, Eastman Company, BASF, Huntsman Corporation, Chevron Corporation.

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Glyphosate Market Will Be Worth USD 8.50 Billion By 2020: Grand View Research, Inc.

The global glyphosate market is expected to exceed USD 8.50 billion by 2020, according to a new study by Grand View Research, Inc. GM crops have witnessed high penetration, on account of benefits such as high yield and disease resistance. The amount of glyphosate added to major genetically modified crops has been increasing over the past few years. This is expected to drive the global glyphosate market over the forecast period. High demand for minimum tillage as well as no-tillage systems is also expected to fuel the market over the next six years. Considerable environmental and health concerns have led to stringent regulations on glyphosate usage, which may act as a restraint to industry growth.

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Further key findings from the report suggest:

• Global glyphosate demand was over 700 kilo tons in 2013, which is expected to exceed 1,000 kilo tons by 2020.
• Conventional crops dominated global market volume in 2013; glyphosate is used two to three weeks before sowing crops such as wheat, sorghum, sunflower, etc. This aids in significant tillage reduction along with efficient weed control. GM crops are expected to witness high growth over the forecast period, primarily due to growing adoption in Latin America, China and India.
• Asia Pacific was the largest regional market in 2013; North America accounted for over 25% of the global market volume in the same year. GM crop adoption coupled with arable land availability in China and India is expected to drive the Asia Pacific glyphosate market over the next six years.
• Major industry participants include Monsanto, Syngenta, Nufarm, Dow AgroSciences and DuPont. Other companies mainly include BASF, Bayer and a large number of Chinese manufacturers. Key players have targeted weed management systems development, which help lower adverse environmental impact and control weeds through different modes as compared to traditional glyphosate application.

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Flow Chemistry Market Size Will Grow At 9.9% CAGR from 2014 to 2025: Grand View Research, Inc.

The global flow chemistry market is expected to reach a market size of USD 2.39 billion by 2025, according to a new report by Grand View Research, Inc. Increasing focus towards cost effectiveness, safety, and environmental regulations are expected to have a positive impact on the demand over the forecast period.

The flow chemistry involves a continuous flow of chemical processes in order to develop intermediate chemicals that are complex to achieve through the batch manufacturing process. High control over factors such as reaction time, temperature, flow, pumped volumes, and pressure allows increased safety levels in the process.

U.S. flow chemistry market revenue, by reactor, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• Petrochemicals accounted for a significant market share and is expected to witness a CAGR of over 9%, in terms of revenue on account of highly favorable conditions for the ethylene and polyethylene manufacturers in North America
• Pharmaceutical industry is expected to witness the fastest growth over the forecast period on account of high flexibility in choice of the solvents as well as temperature & pressure conditions, thereby resulting in high purity product
• Continuous stirred tank reactor segment is expected to grow at a CAGR of over 8% from 2015 to 2025 on account of its high penetration in industrial processing
• Asia Pacific is expected to witness a CAGR of over 11% from 2016 to 2025 on account of rapidly growing investment in pharmaceutical and chemical manufacturing in China and India
• The flow chemistry industry in Central & South America is majorly driven by rapid urbanization and rising demand for generic drugs
• In February 2016, Chemtrix appointed Central Scientific Commerce as its distributor in Japan in order to facilitate direct reactor sales and customer support to the R&D and production communities in the economy
• In November 2015, Biotage AB opened a demonstration & application lab in Sweden which facilitated further research across all the product lines of the company

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