General Electric Company (US) and Doosan Lentjes GmbH (Germany) are Leading Players in the Flue Gas Desulfurization Systems Market

The FGD systems market is projected to grow from USD 17.7 billion in 2020 to USD 23.1 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The Asia Pacific region dominated the FGD system market in 2019. The major driver for the growth of the market in this region is the growth of the coal-fired power generation and cement manufacturing industries, among others. The market in this region is growing considerably and India is likely to be a major hotspot over the next five years.

Mitsubishi Heavy Industries Group (Japan), General Electric Company (US), Doosan Lentjes GmbH (Germany), Babcock & Wilcox Enterprises Inc. (US), Rafako S.A. (Poland), FLSmidth & Co. (Denmark), Hamon Group (Belgium), Marsulex Environmental Technologies (US), Thermax Group (India), and Andritz AG (Austria) have adopted agreements, expansions, innovative technology research, and new product development as their key growth strategies. The other noteworthy players in this market are Ducon Technologies Inc. (US), Chiyoda Corporation (Japan), China Boqi Environmental (Holding) Co. Ltd. (China), LAB S.A. (France), Valmet Corporation (Finland), Kawasaki Heavy Industries Group (Japan), Macrotek Inc. (Canada), China Everbright International Ltd. (China), AECOM (US), Burns & McDonnell (US), Rudis Trbovlje (Slovenia), Steinmuller Engineering GmbH (Germany), Shandong Baolan Environmental Protection Engineering Co. Ltd. (China), IDE Technologies (Israel), and KC Cottrell (South Korea). These players have adopted strategies such as expansions, agreements, and new product development to enhance their position in the market.

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In February 2020, Mitsubishi Hitachi Power Systems (MHPS) received a 12 year maintenance service extension for the BLCP power station in Thailand. This agreement covers maintenance of major equipment, including boilers, steam turbines and flue gas cleaning systems. This agreement will strengthen the service business of the company and boost revenue generation.

In July 2020, General Electric (GE) Steam Power signed an agreement with NTPC Limited, India, for the supply of wet FGD systems for 3 coal-fired power plants. With these wet FGD systems, the company will help NTPC treat approximately 35 million cubic meters per hour of flue gas meeting India’s thermal power plant emission norms for SO2. This agreement also allows GE to strengthen its foothold in the country in which it already has 15.28 GW of SO2 reduction systems.

In July 2019, Doosan Lentjes announced the delivery and commissioning of two FGD systems in Vietnam. This system deployed seawater FGD technology and was installed at the Vinh Tan 1 power plant, Binh Thuan province, Vietnam. Doosan Lentjes’ scope of work included engineering and delivery of key FGD equipment along with advisory services for erection and commissioning. This development establishes the company’s reputation as a specialist in the delivery of air quality control systems across the global utility, municipality, and industrial sectors.

In September 2019, Rafako S.A. entered into an agreement with PGE GiEK S.A. for a comprehensive upgrade of the FGD systems on units 8 to 12 at the Belchatow power plant. This agreement will provide Rafako a revenue of approximately USD 80 million and will strengthen its position as a market leader in the European region.

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Reducing corrosion costs drives the Corrosion Inhibitors Market

The cost incurred on end-use industries due to corrosion is an important factor driving the demand for corrosion inhibitors. Total costs of corrosion include the design & construction or manufacturing, the cost of corrosion-related maintenance, repair & rehabilitation, and the cost of depreciation or replacement of structures damaged due to corrosion. These costs vary from industry to industry. According to NACE International (National Association of Corrosion Engineers), the annual cost of corrosion to the oil & gas industry in the US alone is estimated at USD 27 billion. The costs can be reduced by the broader application of corrosion-resistant materials and the application of corrosion-related technical practices. Corrosion inhibitors suppress or mitigate the corrosion process of metals. They protect the metals or alloys by acting as a barrier by forming an absorbing layer or by retarding the cathodic, anodic processes causing corrosion. The use of corrosion inhibitors in these industries lowers the maintenance and repair costs, extends the useful life of the equipment, and reduces the production loss from corrosion damage. This directly reduces the corrosive costs and drives the market for corrosion inhibitors.

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The growth in the power, oil & gas, mining, and chemical industries, especially in the emerging economies, such as China, Brazil, India, Indonesia, Malaysia, Argentina, Chile, and Vietnam, drives the market for corrosion inhibitors. The exploration and development of new oil fields such as the pre-salt oil fields in Brazil, installation of new and high capacity power plants using fossil fuels, nuclear, or solar power as fuel in China and India, and the growing mining industry as a result of the increasing demand from the construction sector is expected to further drive the corrosion inhibitor market during the forecast period.

The global corrosion inhibitors market size is projected to reach USD 10.1 billion by 2026 at a CAGR of 4.9% from 2021. The increasing demand for corrosion protection chemicals in various end-use segments coupled with stringent regulatory and sustainability mandates concerning the environment is driving the market for corrosion inhibitors.

Water Treatment application will account for the major share of the corrosion inhibitor market

Water treatment accounted for 44.4% of the total corrosion inhibitor market in terms of application, in 2020. Corrosion can cause many concerns such as rusting of pipelines, equipment surfaces, and lowered efficiency of the equipment mainly in the industrial sector. Feed water use in various industries contains carbon dioxide which is corrosive to steel. If this carbon dioxide is left untreated, iron deposits on the boilers. These corrosion inhibitors are fed downstream of the deaerating equipment. It is volatilized and carried out with the steam after reacting with carbon dioxide. Corrosion inhibitors for boiler treatment include neutralizing and filming amines for condensate linings. Morpholine, cyclohexylamine, diethylethanolamine (DEAE), aminomethyl propanol, and aqua ammonia octadecylamine (ODA) are some of the common corrosion inhibitors used to protect boiler systems from corrosion.

The Middle East & Africa region is the second fastest-growing region for the corrosion inhibitor market

The region has emerging markets, such as Saudi Arabia, the UAE, Iran, Kuwait, and South Africa. The region has established oil & gas and chemical & petrochemical industries due to the abundant availability of natural resources. The oil & gas industry in the region is growing at a steady pace due to rising exports and increased exploration of reserves. Huge investments, rising population, growing disposable income, and integration of production activities are likely to increase output in the form of fuel and feedstock and, in turn, drive the corrosion inhibitors market.

Major players operating in the global corrosion inhibitor market include Solenis (US), Nouryon (The Netherlands), Baker Hughes Company (US), Ecolab (US), BASF SE (Germany), SUEZ Water Technologies & Solutions (France), DOW Chemical Company (US), Lubrizol Corporation (US), Lanxess (Germany), and Henkel Corporation (Germany).

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APAC is expected to hold the largest market size in the polybutadiene market

The report “Polybutadiene Market by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), Application (Tires, Polymer modification, Industrial rubber, Chemical), and Region Forecast to 2024″, The polybutadiene market size is expected to grow from USD 10.8 billion in 2019 to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The polybutadiene market is driven by tire, polymer modification, and industrial rubber manufacturing industries. However, the fluctuating raw material prices can hinder the growth of the market.

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APAC is estimated to account for the largest value share of the polybutadiene market in 2019. The market is primarily driven by the strong demand from the automotive industry. China is expected to boost the demand for polybutadiene during the forecast period. Increasing disposable income, huge consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting automobile manufacturers to shift their production facilities to the region, thus, creating a high demand for polybutadiene in this region.

The objectives of this study are:

• To analyze and forecast the size of the polybutadiene market, in terms of value and volume
• To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To define, describe, and forecast the market on the basis of type and application
• To analyze and forecast the polybutadiene market on the basis of key regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
• To analyze competitive developments such as capacity expansions, new product developments, joint ventures, and mergers & acquisitions in the polybutadiene market

Key Market Players
The major players in the polybutadiene market are ARLANXEO (Netherlands), JSR Corporation (Japan), UBE Industries Ltd. (Japan), SABIC (Saudi Arabia), LG Chem Ltd. (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd. (Japan). These companies adopted new product development, joint venture, and expansion as their major business strategies between January 2015 and August 2019 to earn a competitive advantage in the polybutadiene market.

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The report "Waste Heat Recovery System Market by End-Use Industry (Petroleum Refining, Metal Production, Cement and Textile) - Global Forecasts to 2021

The market size of waste heat recovery system (WHRS) was USD 44.14 Billion in 2015, and is projected to reach USD 65.87 Billion by 2021, at a CAGR of 6.90%. Rising energy & electricity prices coupled with stringent government regulations & incentives are expected to drive the market in the future.

Petroleum refining

WHRSs are widely used in petroleum refining processes such as distillation (fractionation), thermal cracking, catalytic, and treatment. The thermal effectiveness of these energy-intensive processes is crucial to the petroleum refining industry and, hence, highly energy efficient WHRS are used for such applications. Many exothermic reactions occur in the refineries that also produce waste heat. Some modern refineries have highly integrated systems that recover heat from one process to use in other processes. However, still many refineries and their operations release high-temperature waste heat, but lack efficient WHRS to recover it for different applications. The growing oil & gas industries in the Asia-Pacific region, and increasing oil production in the Middle East & Africa is driving the demand of WHRS in petroleum refining industry globally.

Chemical

WHRS have been successfully used in the chemical industry for processes such as industrial gases, alkalis and chlorine, cyclic crudes, and intermediates, including ethylene, propylene, benzene/toluene, plastics materials, synthetic rubber, synthetic organic fibers, and agricultural chemicals. High efficiency, operational productivity, and utilization of specialized and customized equipment have made WHRS an important component in chemical production processes. Therefore, growth in the chemical industry is one of the driving factors of the global WHRS market.

Metal Production

Heavy metals manufacturing and refining involves many high-temperature processes from which waste heat can be recovered. Heavy metal foundries commonly recover clean gaseous streams. However, recovering waste heat from heavily contaminated exhaust gas sources such as coke ovens, blast furnaces, basic oxygen furnaces, and electric arc furnaces continue to present a challenge for economical functioning of WHRS. Other sources of waste heat include melting furnace exhaust, ladle preheating, core baking, pouring, shot blasting, castings cooling, heat treating, and quenching. The heat recovered from these sources is used in steam and electricity generation in and is further used as fuel in other processes. This helps the low revenue generating metal industry to boost its energy efficiency, and hence reduce operating costs.  The demand of WHRS is increasing in metal production segment, as the metal industry is growing heavily in all the regions.

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The major restraints of the market are slow growth of the construction sector in Europe and high cost of these systems. Companies are focusing on various strategies to strengthen their market position such as supply contracts, agreements, and partnerships & collaborations. Supply contract is the most preferred strategy adopted by the key market players to sustain in this highly competitive market. The emerging technologies provide high growth opportunities to WHR system manufacturers. Increase in energy requirements in emerging economies such as China, India, and Brazil also plays an important role in fueling the demand. Some of the important manufacturers are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado). Companies in this market compete with each other with respect to prices and product offerings to meet the market requirements.

Key Strategies Adopted by Key Industry Players to Achieve Growth in the Polybutadiene Market

The report “Polybutadiene Market by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), Application (Tires, Polymer modification, Industrial rubber, Chemical), and Region – Global Forecast to 2022″, The market size of polybutadiene is estimated to grow from USD 6.56 Billion in 2016 to USD 12.71 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022.

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New product launches, mergers & acquisitions, partnerships & joint ventures, agreements, and expansions were the key strategies adopted by key industry players to achieve growth in the polybutadiene market between 2017 and 2022. Factors such as industrial advancements, technological upgrades, and demand for efficient polybutadiene with excellent physical properties, such as high wear resistance, toughness, excellent abrasion resistance, cold resistance, high tensile strength, high resilience, low rolling resistance, low glass transition, and hot tear strength have led to the rising adoption of polybutadiene across various applications. Polybutadiene are used in several industries, mostly automotive and plastics.

Companies operational in the polybutadiene market have adopted strategies such as new product launches, expansions, mergers, and joint ventures to achieve growth in the market. Some of the key players, including Reliance Industries Ltd. (India), Lanxess AG (Germany), UBE Industries ltd. (Japan), SABIC (Saudi Arabia), and Versalis S.p.A. (Italy), have adopted these strategies to develop their businesses globally.

Lanxess AG is a leading player in the global polybutadiene market. As a part of its growth strategy, in April 2016, the company entered into a joint venture with Saudi Aramco (Saudi Arabia) to form ARLANXEO (Netherlands) to produce polybutadiene and synthetic rubber to expand its product portfolio. The company also entered into a partnership with Hankook Tire (South Korea) in August 2015 to develop synthetic rubber technologies for high performance tires. Through these initiatives, the company is focusing on strengthening its position and expanding its product portfolio.

Versalis S.p.A is another major manufacturer of polybutadiene and one of the largest producers across the globe. As a part of its business strategy, Versalis focuses on new product development. The company focuses on manufacturing high quality products by employing state-of-the-art technology and improving efficiency of its operations. In February 2016, the company introduced new, innovative solutions for the rubber segment, including Europrene Neocis BR 450 dry grade, Europrene Neocis BRX 650 oil grade, and Europrene Neocis BRX 35 0E which can deliver green tires for better fuel consumption and environmental sustainability. Versalis is focusing on expanding its polybutadiene business globally through new product developments.

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New Pultrusion Techniques and Technologies

Pultrusion is a process of manufacturing structural composites parts using polymer matrix and fibers. Properties of products manufactured through pultrusion are good strength, good chemical resistance, non-magnetic, low maintenance and very low thermal expansion.

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The pultruded parts have applications in construction industry where different pultruded parts are used in form of gratings, rebars and customized profiles. Pultruded products provide manufacturers and designers with the benefits of high strength-to-weight ratios, corrosion resistance, heat resistance, dielectric properties, and dimensional stability. FRP pultrusions are cost effective and versatile alternative to traditional materials, such as steel, aluminum and timber. FRP pultrusions weigh 75% less than steel and are non-corrosive. FRP rebar has also been applied to various aspects of chemical anti-corrosion, and it replaces carbon steel, stainless steel, wood, and non-ferrous metals. Moreover, pultruded structural components used in the cooling towers produce an engineered framework of high quality, reliability and safety.

Industrial applications are expected to drive the pultrusion market in next five years due to increase in demand of pultruded parts in cooling towers, offshore oil drilling projects and civil engineering.  . Currently, the global pultrusion market is dominated by various market players, such as Exel Composites (Finland), Strongwell Corp. (U.S.), Bedford Plastics (U.S.), Creative Pultrusion (U.S.) and Glasfroms Inc (U.S).

The report “Pultrusion Market by type (Glass Fiber, Carbon Fiber and others), by Resin Type (Polyester, Vinyl Ester, Polyurethane and Others) by Application (Industrial, Housing, Civil Engineering, Consumers and others) and by Region – Global Trends and Forecasts to 2020”, The pultrusion end market in terms of value is expected to reach around USD 2,045.2 Million by 2020, at a CAGR of 4.8% between 2015 and 2020.

Apart from the market segmentation, this report also makes use of the Porter’s Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global pultrusion market.

The Asia Pacific medical adhesive tapes market is expected to grow at the highest CAGR during the forecast period

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, which can be attributed to the rising demand for medical adhesive tapes from economies of the Asia Pacific region, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among others. The robust demand in the Asia Pacific is a major driving factor in the global medical adhesive tapes market. China is expected to lead the demand for medical adhesive tapes due to increased industrial production. It is also among the largest consumers of medical adhesive tapes at the global level.

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The growth of the market is restrained by the increasing pricing pressure on market players. Advanced and active wound care products are expected to cannibalize the market for medical adhesive tapes in the coming years considering their effectiveness, coupled with the limitations of basic/traditional wound dressings.

Key players operating in the medical adhesive tapes market include 3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), and Avery Dennison Corporation (US), among others.

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The global medical adhesive tapes market is estimated at USD 6.64 Billion in 2017, and is projected to reach USD 8.76 Billion by 2022, at a CAGR of 5.69% from 2017 to 2022.  The demand for medical adhesive tapes has been increasing rapidly in applications such as surgeries, wound dressings, secure IV lines, splints, and ostomy seals, among others. The rising number of surgeries and high demand for medical products in the Asia Pacific are the key factors contributing to the growth of the market.

The medical adhesive tapes market is segmented based on resin type into acrylic, silicone, and rubber medical adhesive tapes. The silicone medical adhesive tapes segment is expected to grow at a higher CAGR during the forecast period, 2017 to 2022. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market in the medical sector. These medical adhesive tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. However, research and development is required to broaden the use of silicone medical adhesive tapes in varied applications.

Chlor-Alkali Market worth 102.60 Billion USD by 2021

The report “Chlor-Alkali Market by Products (Caustic Soda, Chlorine, and Soda Ash), Applications (Alumina, EDC/PVC, Glass, Organic Chemicals, Inorganic Chemicals, Food, Pulp & Paper, Water Treatment and Others) & Region – Global Forecast to 2021″, is estimated to grow from USD 78.72 Billion in 2016 to USD 102.60 Billion by 2021, at a CAGR of 5.4%. The market is driven by increasing demand for chlor-alkali products in emerging markets and high demand from the EDC/PVC, glass and alumina application segments.

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Browse 251 market data Tables and 82 Figures spread through 268 Pages and in-depth TOC on “Chlor-Alkali Market”

“Caustic Soda had the largest demand among other chlor-alkali products”

Caustic soda has a wide range of applications in different end-use industries such as alumina refining, organic & inorganic chemicals, soaps & detergents, water treatment, and food and pulp & paper. Major challenges for the global caustic soda manufacturers include the high-energy costs and stringent environmental regulations. In India, there are high input costs, which make the local industry less competitive. However, there have been changes in the policies and it is expected that there will be positive outcome for the local caustic soda industry of India. The improving manufacturing industry globally will help increase the caustic soda demand in chemical and alumina applications. Soaps and detergents application, especially in India will drive the caustic soda market in the region.

Isocynates, textile, and glass are the fastest-growing end-use industries for chlor-alkali

EDC/PVC, food and pulp & paper, and glass are the largest applications of chlorine, caustic soda, and soda ash, respectively. These applications are the driving the overall chlor-alkali market. Among all the applications isocyanates, textiles, and glass are the fastest-growing applications for chlorine, caustic soda, and soda ash, respectively. The high demand of isocynates in manufacturing polyurethane plastics, pains, varnishes, and elastomers is driving the market for chlorine. Growing population, improving living standard, and increasing disposable income is driving the textile and glass industries, providing an impetus to caustic soda and soda ash markets.

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“Rising demand in Asia-Pacific is the major growth driver for the chlor-alkali market“

In 2015, Asia-Pacific was the largest market for chlor-alkali products. The region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from emerging countries of the region. China is the largest chlor-alkali market globally with the highest demand. The region also drives the market owing to the presence of emerging markets, availability of raw materials, and lower labor costs.

The key companies profiled in this market research report are Olin Corporation (U.S.), Solvay (Belgium), Tata Chemicals Limited (India), Occidental Petroleum Corporation (U.S.), Axiall Corporation (U.S.), AkzoNobel N.V. (Netherlands), Formosa Plastic Corporation (Taiwan), Hanwha Chemical Corporation (Korea), Tosoh Corporation (Japan), Nirma Limited (India), and Tronox (U.S.).

The scope of the report covers detailed information regarding the major factors influencing the growth of the chlor-alkali market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, investments & expansions, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.

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Factors that Affect on the Waste Heat Recovery System Market in Upcoming Years

The market size of waste heat recovery (WHR) system was USD 44.14 billion in 2015 and is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The major players adopted key strategies such as supply contract and agreements to increase their market share and revenue. Other major growth strategies adopted by WHRS manufacturers are acquisitions and partnership & collaboration that help the company strengthen their position in the WHR system market.

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Major players operating in the WHR system market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado).

Ormat Technologies Inc. (U.S.) is one of the leading WHR system manufacturers, globally. The company has been focusing on supply contracts to maintain its leading position in the market. For instance, in November 2014, Ormat Technologies secured a contract of USD22.3 million from Utah Associated Municipal Power Systems (U.S.) for engineering, procurement, and construction at the Kern River Gas Transmission Company’s Veyo natural gas compressor station in southern Utah. This contract included installation of air-cooled Ormat Energy Converter, which will generate power using the recovered heat.

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Amec Foster Wheeler (U.K.) is another major player in the WHR system market. The company has been focusing on supply contracts as part of its strategic development activities. In April 2016, Amec Foster Wheeler secured a contract from Cleco Corporation (U.S.) to design and supply a complete 50 MWe power island in Louisiana, US. This waste heat generated from the production of carbon black, used in items such as tires and industrial rubber products will be used to produce steam, which will in turn create electricity that can be sold and sent to the grid. This contract included supplying the power plant’s major equipment, including steam turbine generator, WHR steam generator, feedwater heater, condenser, deaerator, pumps, and cooling tower.

This report provides a detailed analysis of the WHR system market and segments the same on the basis application, end-use industry, and region. Based on application, the market has been segmented into preheating, steam & electricity generation, and others. Based on end-use industry, the market has been segmented as petroleum refining, metal production, cement, chemical, paper & pulp, and others. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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