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

Globally, the chlor-alkali market is one of the largest chemical industries, in terms of both value and volume. The major chlor-alkali products are chlorine, caustic soda, and soda ash.

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 a 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.

The global market size of chlor-alkali is estimated to reach USD 102.60 Billion by 2021 and is projected to register a CAGR of 5.4%. The applications for caustic soda are alumina, inorganic chemicals, organic chemicals, food and pulp & paper, soaps & detergents, textiles, water treatment, and steel/metallurgy-sintering. 

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Asia-Pacific is the largest chlor-alkali market, globally. The region accounts for a major share of the chlor-alkali market and is the largest producer of chlor-alkali, globally. China is the largest and fastest-growing chlor-alkali market in the region. With the continuous increase in capacity of chlor-alkali, the country has an upper hand, as the manufacturing costs in the country for chlor-alkali are low. India is another high growth market for chlor-alkali in the region; the country is expected to be a driving factor for the industry in the region.

Stringent environmental regulations for mercury emissions have forced the producers to shift to diaphragm and membrane cell technologies. There is an oversupply of caustic soda in the market due to the electrochemical unit ratio.

Solvay S.A. has a global footprint with a wide product portfolio and diverse revenue stream. The demand from the Asia-Pacific market has provided an opportunity for the company to cater to the needs of the region. The volatile exchange rates are affecting the financial situation of the organization. The company’s strong R&D laboratories help it to stay a step ahead of its competitors. It is focused on sustainable development, innovation, and operating excellence.

Hexamethylenediamine market- Global Opportunity, Growth Analysis and Outlook up to 2022

The hexamethylenediamine market is estimated to be USD 5.35 billion in 2017 and is projected to reach USD 6.82 billion by 2022, at a CAGR of 5.0% during the forecast period from 2017 to 2022. The demand for hexamethylenediamine is mainly driven by the growing consumption of nylon 66 in different end-use industries. Among industries, the demand for nylon is expected to be quite significant in the automotive industry, as compared to textile and others. The automotive industry is witnessing a strong growth in emerging markets, such as China, India, and Brazil, and this growth is expected to drive the demand for nylon and hexamethylenediamine.

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Among applications, the nylon synthesis segment is projected to grow at the highest CAGR during the forecast period. The growing usage of nylon across various industries, such as automotive, consumer goods, electrical & electronics, and textiles is anticipated to boost the hexamethylenediamine market in the coming years across regions.

Based on end-use industry, the automotive segment of the hexamethylenediamine market is projected to grow at the highest CAGR during the forecast period. Hexamethylenediamine is majorly used in the synthesis of nylon 66, which is widely used in the automotive end-use industry for making various products and components, such as connectors & housing, under-the-hood components, wheel well, and lighting components, such as headlamp structural housings, headlamp & fog lamp, and reflectors & lighting sockets. Hence, the automotive industry is the largest consumer of hexamethylenediamine globally.

North America, Europe, and Asia-Pacific are significant regions for the hexamethylenediamine market. Increasing demand of hexamethylenediamine from the nylon 66 market and growth of various end-use industries are the major factors driving the hexamethylenediamine market in these regions. The North American region is estimated to capture the largest share of the hexamethylenediamine market in 2017 and is also projected to remain the largest market during the forecast period. The Asia-Pacific hexamethylenediamine market is anticipated to grow at the highest CAGR during the forecast period.

Increasing investments and growing R&D activities in bio-based hexamethylenediamine create a market opportunity for the global hexamethylenediamine market. The development of new industrial bio-based hexamethylenediamine has the potential to reduce the dependence on imported oil as well as improve energy security. During production, bio-based hexamethylenediamine emits lesser greenhouse gases (GHG) as compared to conventional crude oil-based production systems. Besides, the quality of bio-based hexamethylenediamine produced currently is equivalent to those of crude oil-based products thus creating a new market opportunity in the global hexamethylenediamine market.

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Increase in the number of construction projects worldwide is projected to drive the Glass Fiber Reinforced Gypsum market

Developed economies across the globe are targeting long-term investments in the building & construction industry. This factor, in turn, is expected to increase the number of construction projects, thereby offering a positive outlook for the GFRG market. The increased spending on infrastructural projects is also contributing to the growth of the GFRG market. The GFRG market is projected to reach USD 3.44 billion by 2023, at a CAGR of 7.0% between 2018 and 2023.

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The GFRG market in the MEA region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the MEA GFRG market can be attributed to the increased demand for GFRG from the building & construction industry in the region.  

Based on type, the Type X segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increased demand for Type X GFRG in both residential and non-residential buildings, such as homes, offices, institutes, and hospitals. Type X GFRG have a high noise reduction coefficient, along with the good temperature resistance property, which enhances their acoustic property by absorbing sound or preventing echo. Thus, properties of Type X such as low cost, improved sound absorption capability, good fatigue, temperature resistance, and recyclability have contributed to the increased use of Type x GFRG in green building constructions.  

Based on application, the exterior segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the exterior segment can be attributed to the increased use of GFRG as walls and claddings in industrial and non-residential buildings, such as auditoriums, offices, institutes, hospitals, and cinema theaters.

Based on end user, the non-residential segment of the GFRG market is projected to grow at the highest CAGR between 2018 and 2023, in terms of value or volume. Properties of GFRG such as mold & moisture resistance, abuse & impact resistance, and fire resistance make them an ideal material for use in non-residential buildings. As GFRG are good absorbers and attenuator of sound, they are widely used in offices, museums, hospitals, and institutions where sound absorption and aesthetic appeal is a priority.

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Increasing use of iodine in optical polarizing films in LCD and growing iodine deficiency disorders in developing countries are driving the growth of the iodine market

Iodine is a trace element found in nature, occurring in earth’s crust as mineral deposits, in underground brines, and in seaweeds. It is a non-metallic element with a blue-black color and lustrous appearance. Iodine is essential for human and animals for proper functioning of thyroid glands, brain activities, and reproducibility. Iodine, owing to its high reactivity and occurrence in several oxidation states, gives numerous organic and inorganic compounds. It is used in a plethora of applications in three major forms, namely, organic compounds, inorganic salts & complexes, and elemental & isotopic form. It is used in many applications across the industrial sector. It is used in table salts for human consumption, and as an additive in animal feed, pharmaceutical, and healthcare applications. It is also used in polarizing films along with PVA in LCD components. It is used in iodophors, nylon manufacturing, as catalyst in polymer synthesis, as biocide in manufacturing of fluorinated compounds, and in agricultural intermediates and heat stabilizers. The market is witnessing growth due to its increasing use in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and use of iodine in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine. The global iodine market is estimated at USD 832.1 million in 2017 and is projected to reach USD 1,041.0 million by 2022, at a CAGR of 4.58% between 2017 and 2022.

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Asia Pacific is estimated to be the fastest-growing market, in terms of both value and volume, during the forecast period. China is projected to be the fastest-growing iodine market in Asia Pacific, accounting for a major share of the demand for iodine in the region. The growth in the chemical manufacturing industry, favorable demographic scenario, the rise in aging population, growing investments in the radiology market, and increasing government support to strengthen healthcare services in the emerging countries such as China, India, and Nepal are expected to increase the demand for iodine in the region during the forecast period.

Recycling is estimated to be the fastest-growing segment of the iodine market, by source during the forecast period. Owing to the continuous commercial exploitation of mineral deposits and underground brines, iodine reserves may eventually deplete. Recycling of iodine will ensure its sustainable availability in the near future.

Organic compounds is estimated to be the fastest-growing segment of the iodine market, by form during the forecast period. It is the fastest-growing segment due to the increasing consumption of organic compounds such as methyl iodide in pesticides and soil fumigants in the agrochemical industry. The growing consumption of organic compounds in electronics and healthcare industry is also expected to boost their demand during the forecast period.

Optical polarizing films is estimated to be the fastest-growing segment of the iodine market, by application during the forecast period. The growing demand for iodine in optical polarizing films is attributed to the improved standards of living, rise in disposable income in developing countries, and increasing preference for advanced and visually appealing LCD display panels. The aforementioned factors are expected to drive the demand for iodine from the optical polarizing films application during the forecast period.

Major players in the global iodine market undertook various development strategies in recent years. Expansions and new product launches are some of the key strategies undertaken by major manufacturers such as Sociedad Química y Minera (SQM) (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), and Algorta Norte SA (Chile). These strategies have helped these companies increase their production facilities and enhance their shares in the iodine market. For instance, in the period of 2016-2017, companies such as Iofina and IOCHEM Corporation expanded their manufacturing facilities by constructing new manufacturing plants and drilling of production wells respectively to increase their production capacities in the coming years.

Detergents application: fastest-growing application for sodium silicate

Sodium silicate market size was valued at USD 8.55 Billion in 2016 and is projected to reach USD 11.03 Billion by 2022, at a CAGR of 4.4%.The sodium silicate market is driven by the rising demand for sodium silicate from applications such as detergents, precipitated silica, construction, pulp & paper, water treatment, metal casting, and food preservation.

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The sodium silicate market size for the detergents application is projected to register the highest growth during the forecast period. The consumption of sodium silicate in this application is growing due to the rising demand for sodium silicate for the manufacturing of detergents that are used for various cleaning and washing processes, such as domestic or industrial clothes washing; floor cleaning; washing of dishes, bottles, dairy equipment, and locomotives; and metal cleaning and degreasing.

Asia Pacific accounts for the largest share of sodium silicate market

Asia Pacific is estimated to be the largest market for sodium silicate. China is estimated to be the leading market for sodium silicate in Asia Pacific. India, Japan, and South Korea are the other major countries contributing to the growth of the sodium silicate market in the region. The increasing demand for sodium silicate from applications such as detergents and construction is expected to drive the sodium silicate market in these countries.

The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).

Browse 146 market data Tables and 38 Figures spread through 133 Pages and in-depth TOC on "Sodium Silicate Market by Form (Solid Sodium Silicate, Liquid Sodium Silicate), Application (Detergents, Precipitated Silica, Construction, Pulp & Paper, Water Treatment, Metal Casting, Food Preservation), and Region - Global Forecast to 2022"

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High performance fluoropolymers market Along with Business Insights, Trends and Forecast 2023

High performance fluoropolymers are finding increasing acceptance in various end-use industries, such as industrial processing, transportation, medical, electronics, etc. The growth of the HPFs market is expected to be fueled by the rising demand from end-user industries due to the rapid growth in automotive, electrical & electronic, and medical industries. High performance fluoropolymers provide increased performance, high durability, weatherability, abrasion resistance, excellent di-electric, and high thermal resistance properties for various applications in these industries.

This report estimates the market size for HPFs by type, end-use industry, and region, in terms of value and volume. The HPFs market is projected to grow at a CAGR of 6.6% between 2017 and 2022, in terms of value. The growth is attributed to the increasing applications, technological advancements, and growing demand in the emerging countries.

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The developed regions, such as Europe and North America, are relatively mature markets as compared to Asia Pacific and Rest of the World. Asia Pacific is projected to witness the highest growth rate between 2017 and 2022, owing to the increasing demand from the automobile & transportation, electrical & electronics, and chemical processing sectors in the economies such as China and Japan. The market in this region is experiencing an increase in the demand for HPFs from industrial processing, electrical & electronics, and transportation end-use industries. In addition, China has been an export-oriented country; however, the growing domestic demand is expected to increase the domestic consumption of HPFs in the country.

Among end-use industry segments, the electrical & electronics industry is projected to witness the highest growth rate between 2017 and 2022. The growth is driven by the increasing use of HPFs in wire coating, cable coating, fiber optics, and electrical systems in aircraft, computers, etc., as they offer excellent electrical insulation properties under harsh conditions such as high temperatures and aggressive chemicals.

Among type segments, the FEP type is projected to witness the highest growth rate between 2017 and 2022. The growth is driven by the increasing usage of FEP in electrical & electronics, especially in wire & cable, semiconductor, and telecommunication applications for high speed data transfer and networking.

The emerging market for melt-processable fluoropolymers (FEP, PFA, and ETFE) is expected to provide growth opportunities for the HPFs market owing to their significant demand from emerging applications such as photovoltaic modules and architectural membranes. Thus, the market players could focus on increasing the production of melt-processable fluoropolymers to compete in the market.

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Toluene Market Analysis & Global Opportunity

The global toluene market was valued at USD 20.02 billion in 2015 and is projected to reach USD 23.41 billion by 2021 at a CAGR of 6.3%. The market is expected to be driven by the growing end-user base of toluene and its derivatives in industrial, construction, automotive, and oil & gas applications. The growing petrochemical industry in the Asia-Pacific region is also supporting the growth of the toluene market.

North America is estimated to be the fastest growing toluene market. There is high potential in the North American toluene market as the region has a vast and varied industrial base. The growth in North America is mainly attributed to the expansion of industrial and commercial infrastructure in the U.S., Canada, and Mexico. North America has the largest manufacturing base of various industries such as cosmetics, paints & coatings, pulp & paper, printing, gums, and oils. Toluene has direct applications as solvents in these industries.

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Toluene diisocyanate (TDI) is projected to be the fastest growing segment of the toluene market during the forecast period. A major part of TDI is used in the manufacture of PU foams. These foams have unique insulating properties and are widely used in the automotive, building & construction, and oil & gas industries. The PU foam industry is highly regulated and its growth is dependent on the dynamics of the crude oil market. The growth of the foam market is attributed to the developments in the construction and automotive industries in the Asia-Pacific region countries such as India, China, and South Korea.

The value chain of the toluene market comprises of raw material suppliers, manufacturing processes, distribution, and end-use industries. Some of the major raw material suppliers of toluene are, Shell Chemicals (Netherlands), BP P.L.C. (U.K.), BASF SE (Germany), Chevron Philipps Chemical Co, LLC (U.S.), and SABIC (Saudi Arabia). In the entire value chain, maximum value is added at the manufacturing stage, as, the toluene content in the aromatic extract from naphtha depends upon the process chosen for its production. Some factors, such as, the high production cost, high export & import duties, and high royalties paid to the governments add to the strong entry barriers for new entrants in the toluene market.

The companies profiled in this report include, China Petroleum & Chemical Corporation (China), China National Petroleum Corporation (China), Exxon Mobil Corporation (U.S.), Covestro AG (Germany), BP P.L.C. (U.K.), SK Innovations (South Korea), BASF SE (Germany), GS Caltex (South Korea), Formosa Chemical & Fiber Corporation (Taiwan), Royal Dutch Shell (Netherlands), and CPC Corporation (Taiwan), among others.