Polybutadiene Market- Current Trends and Future Aspect Analysis 2024

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 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56692050

Tire application accounts for largest market size during forecast period
The tire industry is expanding due to the growing automotive industry. It accounted for the largest share of the overall polybutadiene market. Furthermore, this segment is estimated to grow significantly during the forecast period. Polybutadiene is widely used in tire manufacturing due to its toughness, good abrasion resistance, cold resistance, high tensile strength, high resilience, tear resistance, and durability.

Recent Developments
In February 2019,SIBUR decided to launch an investment project aimed at enhancing polybutadiene rubber (Nd-BR) production efficiency at its Voronezh facility (Voronezhsintezkauchuk). The project aims for a large-scale upgrade to boost operational efficiency of the existing facility and ensure production of consistently high quality of products. This project will enable SIBUR to produce quality products with improved operational efficiency.

ARALNXEO (Netherlands), UBE Industries Ltd (Japan), JSR Corporation (Japan), Kumho Petrochemical Co. Ltd (South Korea), Reliance Industries Ltd. (India), SABIC (Saudi Arabia), LG Chem Ltd (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd (Japan) are some of the major manufacturers of the polybutadiene market. The study includes in-depth competitive analysis of these key players in the polybutadiene market, with their company profiles, recent developments, and key market strategies.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Monochloroacetic Acid is used in various applications such as CMC, agrochemicals, surfactants, TGA, and others

The monochloroacetic acid (MCA) market is estimated at USD 762.6 million in 2017 and is projected to reach USD 908.9 million by 2022, at a CAGR of 3.6% between 2017 and 2022. The growth of the market is driven by the increasing demand of MCA for the production of CMC, agrochemicals, and surfactants, which are used in the building & construction, food & beverage, pharmaceutical, agriculture, and oil & gas industries. In addition, rising GDP, growing disposable income, and rapid urbanization in developing countries have also contributed to the demand for MCA, globally.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=120010112

CMC
MCA is one of the major ingredients used in the manufacturing of CMC. CMC is used in a wide range of products including food, pharmaceuticals, oil field admixtures, cosmetics, and textiles. CMC is produced by reacting MCA with cellulose in an alkali-catalyzed reaction, followed by the addition of sodium hydroxide (NaOH) to produce sodium salts. CMC can be produced in three grades.

The resultant mixture from the initial reaction called technical CMC is used mainly in the production of detergents. A more purified form which is obtained after the removal of salts is used in industries such as food, pharmaceutical, and oral health care. An intermediate form of CMC is used in the paper industry to restore old documents for archives.

Agrochemicals
In agrochemicals, MCA is mainly used as a chemical intermediate for the formulation of herbicides and pesticides. Chloroacetic acid and methyl chloroacetate are also used for producing insecticides, such as dimethoate, 2-methyl-4-chlorophenoxyacetic acid (MCPA), benazoline, and methyl b-naphthyloxyacetate. These are prepared by alkylation with chloroacetic acid and are some of the most widely used herbicides and pesticides, globally.

Surfactants

MCA is also used in the production of mild betaine amphoteric surfactants, for instance, N-alkyl betaine, which are used in cleaners and personal care products. Amphoteric surfactants are chemicals, which can form cation or anion from hermaphroditic ions. They are mainly formed through the alkylation of chloroacetic acid. Amphoteric surfactants have low toxicity, antibacterial properties, excellent resistance to hard water, and good compatibility with various kinds of surfactants. These are used in the personal care products, such as shampoos, shower gels, liquid soaps, and other cosmetics. These are also used in the production of liquid detergents used in applications such as dishwashing liquids, all-purpose cleaners, and car cleaners.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=120010112

Asia Pacific is projected to be the largest market for MCA during the forecast period. The demand for MCA is high in this region due to the large industrial base and improving lifestyles of the population. In addition to this, the increasing use of MCA for applications such as CMC, agrochemicals, and surfactants in emerging economies, such as India, China, and Indonesia also drive the Asia Pacific MCA market.

Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Joint venture and acquisition were the major growth strategies adopted by the market players between 2014 and 2017 to cater to the demand for MCA in emerging economies.

Key Strategies Adopted by Industry Players to Strengthen their Positions in the Global Hindered Amine Light Stabilizers (HALS) Market

The global market for Hindered Amine Light Stabilizers (HALS) is projected to reach USD 1.15 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022. The growing demand from major application industries such as packaging, automotive, and other industrial applications in emerging economies, are driving the global HALS market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265890219

New product developments and agreements were the key strategies adopted by industry players to strengthen their positions in the global HALS market, with the North American region witnessing the highest number of strategic initiatives from 2011 to 2016. Expansions was the preferred strategy in this region. Companies such as BASF SE (Germany), SONGWON Industrial Co., Ltd (Korea), Valtris Specialty Chemicals (US), Double Bond Chemical Ind. Co. Ltd. (Taiwan), Eutec Chemical Co., Ltd. (Taiwan), Ziko Co., Ltd. (South Korea), Lycus Ltd., LLC (US), Western Reserve Chemical Corporation (US), MPI Chemie B.V. (Netherlands), Chemsfield Korea Co. Ltd. (Korea), Rianlon Corporation (China), Sovereign Chemical Co. (US), and Lambson Ltd. (UK) were the most active players in the HALS market in the region.

BASF SE (Germany), Clariant AG (Switzerland), Cytec Solvay Group (Belgium), ADEKA CORPORATION (Japan), Chitec Technology Co. Ltd. (Taiwan), SUNSHOW (China), SABO S.p.A (Italy), Mayzo, Inc. (US), Everspring Chemical Co., Ltd. (Taiwan), Everlight Chemical Industrial Corporation (Taiwan), Beijing Tiangang Auxiliary Co., Ltd (China), and Qingdao Jade New Material Technology (China) are profiled in the report. For instance, BASF SE (Germany) launched five high-performance products under its Tinuvin DW (N) product range for water-based systems, and Tinuvin 249 for cost-efficient and durable color proof coatings of HALS products in 2016 and 2017 respectively for applications in automotive interior parts.

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=265890219

ADEKA CORPORATION (Japan), Chitec Technology Co. Ltd. (Taiwan), SUNSHOW (China), SABO S.p.A (Italy), Mayzo Inc. (US), Everspring Chemical Co. Ltd. (Taiwan), Everlight Chemical Industrial Corporation (Taiwan), Beijing Tiangang Auxiliary Co. (China), and Qingdao Jade New Material Technology (China) are recognized as innovators in the HALS market. They have innovative products and the potential to build strong strategies for business growth to be at par with visionary leaders. For instance, in June 2013, Chitec Technology Co. Ltd. launched two new HALS products, Chiguard 129 for PET, PC, and Nylon and Chiguard 106, a low molecular weight HALS, for various polymers. These enhanced & innovative developments have added to their product portfolio and are expected to help increase the company’s geographical reach.

Microporous Insulation Market to Record Robust Growth between 2019 and 2023

The microporous insulation market size is projected to grow from USD 132 million in 2018 to USD 165 million by 2023, at a compound annual growth rate (CAGR) of 4.7%. Growth in various applications, where space is a constraint, such as aerospace & defense as well as growing demand for energy & power has triggered the demand for microporous insulation.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129425481

The microporous insulation market has been segmented based on product type into rigid boards & panels, flexible panels, and others. The other product type segment includes moldable products, machined parts, and pourable products. The flexible panels product type is estimated to witness highest CAGR, in terms of value, during the forecast period. This is because flexible panels exhibit excellent dimensional stability and improved mechanical resistance to vibration and impact. They are energy-efficient and can be conveniently handled and transported.

The microporous insulation market has been segmented based on application, into industrial, energy & power, oil & gas, aerospace & defense, automotive, and others. The other applications include automotive and consumer appliances. The market in the aerospace & defense application segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. This is due to the increasing demand for light-weight materials, which, in turn, saves the fuel consumed during the operation of an aircraft.

The market in Asia Pacific (APAC) is projected to register the highest CAGR, in terms of value, between 2018 and 2023. This is because the rising awareness about the benefits of microporous insulation materials and growing industrialization and infrastructure development in the region offer various opportunities regarding the use of microporous insulation. In addition, the increase in demand for energy, power, metal, and automotive, is also expected to drive the market. The market for microporous insulation market is significantly driven by the oil & gas segment, where there is high demand for advanced insulation solutions having reduced thickness and low thermal conductivity.

Read More: https://www.marketsandmarkets.com/PressReleases/microporous-insulation.asp

Key Driving Factors Of The Chlor-Alkali Market

Increasing demand of chlor-alkali products in the emerging markets, high demand from end-use industries, and high existing production capacities of chlor-alkali products is driving the chlor-alkali market. Growth in the demand of EDC/PVC is driven by the growing construction, automotive, and personal care industries, globally. Growth of the chlor-alkali market is backed by growth in its niche applications, which include textile, water treatment, and various others. The market for chlor-alkali will continue to be governed by such factors in the future.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=708

Three main products, namely, chlorine, caustic soda, and soda ash mainly characterize the chlor-alkali industry. These chlor-alkali products are further used in various applications, which include EDC/PVC, organic and inorganic chemicals, paper & pulp, water treatment, glass, metallurgy and other applications. In 2015, EDC/PVC application of chlorine had the largest market share among all the applications of chlorine.

The shutting down of all mercury cell-based plants is set to have an effect on the European market. Not all plants are planned to be modified into membrane or diaphragm technology. This is expected to increase the imports in the European region, which is still reeling from the Eurozone crisis.

Asia-Pacific and the Middle East & Africa are the fastest-growing chlor-alkali markets. The rising per capita consumption of chlorine, caustic soda, and soda ash has made these regions as hotspot for the chlor-alkali market. Increasing industrialization in India, Southeast Asia, and China has made Asia-Pacific the market leader, in terms of demand as well as growth. The Middle East has always enjoyed cheaper electricity tariffs and is strategically located to cater to the needs for export markets in Asia-Pacific, North America, and Europe.

Request for sample Report https://www.marketsandmarkets.com/requestsampleNew.asp?id=708

Food and pulp & paper accounted for the largest share of caustic soda in 2015. It is further projected to follow the same trend and remain the largest application until the forecast period. In addition, the fastest-growing application for caustic soda is projected to be textile. For soda ash, glass accounted for the largest share, its demand in 2015 was over 50% of the total soda ash market. Increased demand from the packaging & container industry has spurred the demand for glass, globally. With the increase in demand from construction, automotive, and other industries, the demand for EDC/PVC is set to increase at a significant rate. EDC/PVC was also the largest application segment for chlorine. The Middle East & Africa and Asia-Pacific regions offer high growth opportunities in the chlor-alkali market.

Many companies in this industry have expanded their production capacities and also involved in other market penetration activities. 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.) were the most active companies.

Asia-Pacific is anticipated to be the fastest-growing market for propylene glycol

The global propylene glycol market was valued at USD 3.47 Billion in 2016, and is projected to grow at a CAGR of 5.8%, to reach USD 4.60 Billion by 2021. Eco-friendly production process of bio-based propylene glycol has led to the growth of the global propylene glycol market. Also, the growing automotive industry in Asia-Pacific is driving the market as propylene glycol is widely used in engine coolants and sheet molding compounds among others.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264488864

The economic growth in the Asia-Pacific region is driving the market for propylene glycol. In addition, increased demand for propylene glycol in key countries such as China and India, are contributing to the growth of the propylene glycol market in the region.

Currently, the global propylene glycol market is led by various market players such as The Dow Chemical Company (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Global Bio-chem Technology Group Co., Ltd. (China), DuPont Tate & Lyle Bio Products Company, LLC (U.S.), Huntsman Corporation (U.S.), SKC Co., Ltd. (South Korea), Temix International S.R.L. (Italy), and Ineos Oxide (Switzerland) among others.

Scope of the Report

This report categorizes the global market for propylene glycol on the basis of source, application, end-use industry, and region.

By Source:
Petroleum-based Propylene Glycol
Bio-based Propylene Glycol

By Application:
Unsaturated Polyester Resin
Food, Pharmaceuticals & Cosmetics
Antifreeze & Functional Fluid
Liquid Detergents
Plasticizers

By End-Use Industry:
Transportation
Building & Construction
Pharmaceuticals & Cosmetics
Food & Beverage

Request for sample report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=264488864

Transportation is expected to be the fastest-growing end-use industry

Transportation is projected to be the fastest-growing end-use industry of the global propylene glycol market, mainly due the rising demand for propylene glycol in the automotive coolants, aircraft wings, pleasure boats, and ships. This industry in the Asia-Pacific region is anticipated to grow at the highest CAGR during the forecast year. The growth is attributed to increasing sales of automobiles in the region. In addition, improving standards of living and increasing disposable income in emerging countries such as India, China, and South Korea are driving the growth of the transportation industry. Also, China, Korea, Japan, and India are witnessing high demand for new ships for both military and commercial purposes.

Key Driving Factors of The Mining Chemicals Market By 2022

The mining chemicals market is witnessing considerable growth due to rapid industrialization and infrastructure development. These chemicals are used to increase the efficiency and productivity of mining processes such as extraction and recovery of minerals from ores. Mining chemicals have across new opportunities due to decreasing grades of ores. MarketsandMarkets projects that the mining chemicals market size will grow from USD 6.02 billion in 2017 to USD 7.54 billion by 2022, at a CAGR of 4.60 %.

Please provide your specific interest in this report so as to help you better @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=205253671

On the basis of mineral type, the mining chemicals market is segmented into base metals, non-metallic minerals, precious metals, and rare earth metals. The base metals segment is projected to grow at the highest CAGR from 2017 to 2022. The high demand for mining chemicals in base metal processing is primarily attributed to the increasing complexity of ores and decreasing ore grades. The metals that have witnessed a constant rise in demand in the last few years include copper, aluminum, molybdenum, and tin. Copper has seen an increase in demand from key sectors such as electrical & electronics, automotive, industrial pipes & fittings, and others.

On the basis of product type, the market is segmented into grinding aids, flocculants, collectors, frothers, and solvent extractants. These chemicals are used to enhance the metal/mineral recovery rate from ores. The grinding aids segment accounted for the largest share in 2016 and is also projected to grow at the highest CAGR over the next five years. This can be attributed to the deteriorating quality of ores and the increasing utilization of mining chemicals for the passing of complex ores.

On the basis of application, the market is segmented into mineral processing, explosives & drilling, water & wastewater treatment, and others. The explosives & drilling segment accounted for the largest share in 2016 and is projected to grow at the highest CAGR during the next five years. The rising demand for deep-surface mining for the action of high-quality minerals is expected to contribute significantly to the growth of the explosives & drilling application.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=205253671

The Asia-Pacific mining chemicals market is projected to grow at the highest CAGR from 2017 to 2022. Countries such as China and India are expected to witness high growth in the mining chemicals market. The high demand for mining chemicals in the country can be credited to the continuous exploration and beneficiation of ores. Additionally, high foreign investments in China’s mining industry are expected to support the application for mining chemicals in the country.