Wednesday, 4 May 2016

Oleochemicals Market Forecast Suggests Growth Owing To Enhanced Demand In Chemicals Industry Till 2020



Global Oleochemicals Market is expected to reach USD 30.03 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for bio-based products from various end-use industries such as soaps & detergents, pharmaceuticals and personal care is expected to remain a key driving factor for the global oleochemicals market. Industry has shifted its focus towards developing bio-based products on account of volatility in petrochemicals prices due to supply demand imbalances which is also expected to have a positive influence on oleochemicals demand over the forecast period. Initiatives from different environmental associations regarding toxic emissions from petrochemicals are expected to further help oleochemicals penetrate the market on account of its biodegradable and renewable raw materials.
Oleochemical products are used in various end-use industries including personal care, food additives, surfactants, and pharmaceuticals. Polyamide and polyols are manufactured using oleochemical advanced routes which are used in producing polyurethane, a major raw material for fabric industry. Growth of these end-use industries particularly in emerging economies of India, China and Brazil is also expected to drive the demand for oleochemicals. Availability of key feedstock on account of overlapping with other applications is expected to remain a key challenge for market participants over the next six years.


Further key findings from the study suggest:
  • Fatty acids were the leading oleochemical product and accounted for 57% of total demand in 2013. Growing demand for fatty acid as raw material in end-use industries such as detergent and personal care is expected drive its demand over the forecast period. Glycerol is expected to witness significant growth rate over the next six years. Global demand for fatty acids is expected to grow at an estimated CAGR of 6.4% from 2014 to 2020. Increasing glycerol applications in food & beverages industry is expected to drive its demand over the next several years. Growing awareness for green chemistry among consumers is also expected to have positive impact on glycerol demand.
  • Asia Pacific was the largest regional oleochemicals market and accounted for 41.9% of total market volume in 2013. Rapidly expanding end-use industries such as food & beverages, personal care and pharmaceuticals in the region is expected to drive the regional oleochemicals demand. Availability of key raw material in abundance particularly in Malaysia, China, Indonesia and Thailand is also expected to have a positive influence on the market growth. Asia Pacific is also expected to be the most lucrative regional market for oleochemicals over the foreseeable future. Asia Pacific along with largest consumer is also the largest producer of oleochemicals. European oleochemicals demand is expected to grow at an estimated CAGR of 4.1% from 2014 to 2020. 
  • Global oleochemicals market is moderately concentrated with top four companies accounted for over 55% of the total market. Oleochemicals market witnessed a large number of mergers and acquisitions and there are significant opportunities for the market occupants to introduce diversified products to sustain market growth. Top oleochemicals market players include ADM, Akzo Nobel, BASF Cognis, Cargill, Emery Oleochemicals, Evonik, Oleon, KLK Malaysia, and Wilmar International.


For the purpose of this study, Grand View Research has segmented the oleochemicals market on the basis of product and region:
Global Oleochemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • Fatty Acids
            • Soaps & Detergents
            • Intermediates
            • Plastics
            • Rubber
            • Paper
            • Lubricants & Greases
            • Personal Care
            • Others
    • Fatty Alcohols
            • Soaps & Detergents
            • Personal Care
            • Lubricants
            • Amines
            • Others
    • Glycerol
            • Personal Care & Pharmaceuticals
            • Alkyd Resin
            • Food & Beverages
            • Polyether Polyols
            • Tobacco Humectants
            • Others
    • Others
Global Oleochemicals Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • North America
            • U.S.
    • Europe
            • Germany
            • France
            • UK
    • Asia Pacific
            • China
            • Japan
    • RoW

Polyols Market Analysis, Growth, Trends To 2020: Grand View Research, Inc.



Rapidly growing polyurethane demand has positively impacted the global polyols market, according to a new study by Grand View Research, Inc. Increasing need for preventive healthcare coupled with growing demand for low-calorie, sugar-free foods are expected to be the key market drivers. Increased bio-based solution demand has assisted in improving carbon footprint, which is a key opportunity for industry participants. Volatility in raw materials prices may restrain market growth over the forecast period.


Further key findings from the study suggest:
  • Polyether polyols accounted for over 75% of the market in 2013. Growing demand for polyurethane foams from end-use industries is expected to drive demand for polyether products. The market is expected to find applications in bedding and the furniture industry over the next six years.
  • Flexible foam accounted for over 35% of the market in 2013; it is expected to remain the dominant application segment over the forecast period. Industry applications of flexible foam includes fiber manufacturing, textiles, packaging, furniture and automotive. Demand for carpet underlay, which uses scrap generated from furniture and automotive market, is expected to drive the flexible foam segment over the next six years.
  • Asia Pacific was the largest regional polyols market in 2013 and is expected to witness high growth in terms of production and consumption. Europe accounted for over 25% of the global market in 2013, and is driven by product differentiation due to technological advancements.
  • Key market participants include Kumho Mitsui Chemicals Inc., Recticel S.A., Dow Chemical Company, Nippon Polyurethane Industry Co. Ltd., Chemtura Corporation, Bayer MaterialScience and BASF. Geographical expansion is expected to be a key growth strategy.


For the purpose of this study, Grand View Research has segmented the global polyols market on the basis of product, application and region:
Polyols Product Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 – 2020)
    • Polyether Polyols
    • Polyester Polyols
Polyols Application Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 – 2020)
    • Flexible Foams
    • Rigid Foams
    • Coatings
    • Adhesive & Sealants
    • Elastomers
Polyols Regional Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 – 2020)
    • North America
            • U.S.
            • Mexico
    • Europe
            • Germany
            • UK
    • Asia Pacific
            • China
            • India
            • Japan
    • RoW
            • Brazil

Membrane Separation Market Forecast, Industry Outlook, Market Demand, Share 2014 To 2020 by Grand View Research, Inc.



According to a new study by Grand View Research, Inc., the membrane separation market is expected to witness growth over the forecast period. This can be attributed to factors including growing environmental concerns and government regulations pertaining to water and waste-water treatment. High investments in industrial equipment on account of increasing manufacturing activities are expected to favorably impact market growth over the forecast period. Membrane separation systems help industries re-use waste-water and reduce water footprint. Increased R&D activities and development of membrane separation processes and applications such as hybrid forward osmosis and forward osmosis for water desalination are expected to positively impact market growth over the next few years. Lack of sufficient funds in developing countries along with high operational and installation costs may hamper market growth.
Further key findings from the study suggest:
  • Microfiltration emerged as the dominant product segment in 2013, accounting for over 30% of the membrane separation market in the same year. These cost effective membranes are used across a diverse range of applications, which is expected to drive market growth. Ultrafiltration is expected to be a high growth segment, which can be attributed to its ability to retain high concentrates, which help minimize disposable cost for several industries.
  • Water & waste-water treatment application segment contributed over 35% to the overall market share in 2013. Growing environmental concerns coupled with stringent regulations related to water and waste-water treatment are expected to drive market growth.
  • Europe emerged as the most dominant regional market in 2013, contributing over 35% to the global membrane separation market. Growth across the industrial sector is expected to positively impact the regional market over the next six years. Asia Pacific is expected to witness high growth over the forecast period, which can be attributed to increasing manufacturing activities and stringent regulations related to water and waste-water treatment.
  • Key market players include 3M Purification Inc, GEA Filtration., Koch membrane systems, Pall Corporation, Merck Millipore, Nitto Denko Corporation, Veolia Environnement and Dow Chemical Company. Mergers and acquisitions are expected to remain the key growth strategy adopted by majority of the industrial participants.
For the purpose of this study, Grand View Research has segmented the global membrane separation market on the basis of product, application and region:
Membrane Separation Product Outlook (Revenue, USD Million, 2012 – 2020)
    • Microfiltration
    • Ultrafiltration
    • Nanofiltration
    • Reverse Osmosis
Membrane Separation Application Outlook (Revenue, USD Million, 2012 – 2020)
    • Water & Waste-water Treatment
    • Industrial
    • Healthcare
Membrane Separation Regional Outlook (Revenue, USD Million, 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

Tuesday, 3 May 2016

Palm Oil Market Is Expected To Grow Owing To Its Increasing Demand In Chemicals Industry Till 2022

In 2014, global palm oil market was valued at USD 61.09 billion. The market is poised for growth owing to the increasing demand from the various end-use industries. Government and other correlated organizations across many countries have taken measures to limit the trans-fat intake over the past few years. Protocols regarding increased utilization of palm oil in the form of biodiesel as well as fuel mixing with bio-based fuel has gained recognition in recent past.
Technologies and research & development initiatives to create viable means of production offer immense prospects for the industry participants. Meting out operations to deliver products with a high value offer huge opportunities for growth of global palm oil market over the forecast period.
Crude palm oil dominated the global palm oil market accounting for over 75% of the market in 2014. Growing application in surfactants, cosmetics, lubricants, edible oil and biodiesel was responsible for this high market share. Crude palm oil is also expected to experience the maximum growth rate, at a probable CAGR of 7.5% from 2015 to 2022. It is used extensively for the purpose of cooking. Crude palm oil has relatively lower prices as compared to its competitors which make it the best-chosen cooking oil, predominantly in South East Asia and West Africa.
Edible oil had the largest market share of over 65% in 2014. Rising health concern regarding high consumption of trans-fat has made consumers shift from vegetable oils and animal fats to edible oil which has relatively lower trans-fat content. Biodiesel is predicted to grow at a very high growth rate, at an expected CAGR of 8.8% from 2015 to 2022. Quick development of the global biofuel market with an aim of reducing dependence on conventional fuels is likely to drive the biodiesel demand.
Further key findings from the study suggest:
·         Easy availability of significant raw materials along with the increased disposable income levels in India, South East Asia, and China is anticipated to benefit the overall Asia Pacific market over the forecast period. Asia Pacific ruled the market accounting for more than 60% of the market share in 2014.
·         India is accounted to be the major palm oil importers in the world. Central & South American market is anticipated to experience increased production capabilities. Companies have eyed these markets owing to their plentiful arable land and favorable climatic conditions.
·         Global palm oil market is integrated having few companies ruling the market and is characterized by increased threat of new market players. Key industry participants comprise of Wilmar International Ltd., ADM, London Sumatra, Sime Darby, Cargill Inc., Godrej Agrovet Ltd. and IOI Corp. These corporations have taken up measures to attain a competitive advantage and to diversify their product line.
Grand View Research has segmented the palm oil market on the basis of product, application and region:
Global Palm Oil Derivatives Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2022)
·         Crude Palm Oil
·         Palm Kernel Oil
·         Palm Kernel Cake
·         Others
Global Palm Oil Application Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2022)
·         Electrical & Electronics
·         Automotive & Transportation
·         Industrial Machinery
·         Consumer Goods
·         Construction
·         Others
Global Palm Oil Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2022)
·         North America
o    U.S.
·         Europe
o    Germany
o    UK
·         Asia Pacific
o    China
o    India
·         Middle East & Africa
·         Central & South America