Why Is Autoclaved Aerated Concrete Replacing Cinder and Clay Bricks?

The booming population is leading to a rising demand for all kinds of infrastructure, including houses, factories, shops, hospitals, and schools. As a result, the construction industry is growing around the world, which is driving the demand for all kinds of raw materials. One of the basic raw material in construction is the humble brick, which has been now replaced to a substantial degree by cinder blocks. With further advancements in technology, the usage of autoclaved aerated concrete (AAC), a precast material, is rising.

It is a lightweight material that offers appreciable insulation, structural integrity, and mold and fire resistance. Due to so many benefits of this material, the autoclaved aerated concrete market value is set to grow from $4,498.5 million in 2019 to $8,314.9 million by 2030, at a 6.0% CAGR between 2020 and 2030. In this regard, P&S Intelligence also credits the demand for lightweight construction materials to be a key factor propelling the usage of AAC.

Compared to clay bricks, an AAC block puts 30% less weight on the foundation of a building. Although this material is lightweight, blocks and other structures made from it can better withstand earthquakes, the incidence and severity of which are increasing around the world due to rising tectonic activity. In recent years, such natural disasters have caused widespread damage and loss of billions of dollars, for instance, in Nepal and Haiti. Additionally, the production of clay bricks leads to considerable air pollution, which is another reason AAC is becoming popular.

Another strong driver for the autoclaved aerated concrete market is the rising construction of soundproof and green buildings. Since AAC is eco-friendly in its production, which can involve the recycling of the fly ash generated from industries and consumes more than 50% less electricity than the manufacturing of clay bricks, it has been accepted as a green building material. Thus, with the rising concerns related to carbon emissions by factories, power plants, and the construction sector, the usage of AAC in green buildings is increasing.

Additionally, a large part of the APAC region suffers from natural disasters regularly. For instance, being on the Pacific Ring of Fire, Japan is no stranger to volcanic eruptions, earthquakes, and tsunamis. Similarly, the northern, especially the mountainous, region of India is a high-tectonic-activity zone, as the Indian plate is continuously ramming into the Eurasian plate. Moreover, the east coast of India regularly battles strong cyclones. The high incidence of such natural calamities has created a need for stronger building materials.

Hence, as the construction sector advances around the world, more traditional materials will be replaced by AAC tiles, blocks, lintels, panels, joint fillers, pipes, and floor elements.

Source: www.psmarketresearch.com

Read More

Rising Demand for Lightweight Vehicles Causing Global Adhesive Tapes Market Boom

The valuation of the global adhesive tapes market is expected to rise from $54,333.4 million in 2017 to $74,954.6 million by 2023. The market is predicted to advance at a CAGR of 5.5% during the forecast period. An adhesive tape is basically a continuous flexible strip made of cloth, paper, metal foil, or plastic film glazed with a thin later of permanent glutinous adhesive either on one or both sides. These tapes are also known as self-sticking tapes, sticky tapes, and pressure-sensitive tapes.

Furthermore, restrictions laid down by governments on the use of toxic chemicals for the production of adhesive solutions has led to the adoption of eco-friendly products such as water-activated tapes that are biodegradable in nature. These environment-friendly tapes are produced by using biodegradable polymers that are obtained through the polymerization of bio-based raw materials. The development of recyclable tapes is creating lucrative opportunities for companies such as 3M Company, LINTEC Corporation, Intertape Polymer Group Inc., Scapa Group plc, Nitto Denko Corporation, and tesa SE.

According to P&S Intelligence, the Asia-Pacific region accounted for the highest consumption of adhesive tapes. Further, the APAC adhesive tapes market is projected to witness rapid growth during the forecast period, due to the increasing utilization of these adhesive solutions in the healthcare, electrical and electronics, and automotive industries, primarily in India and China. Besides, the easy availability of cheap labor and low-cost raw materials has stimulated the manufacturing of tapes with adhesion properties. This has resulted in high volume production of low-priced tapes in the region.

Thus, the availability of new and improved tapes, such as water-soluble adhesive tapes, has increased their applications in several sectors like automobile, food, and packaging. 

Source: www.psmarketresearch.com

Read More

Why Is Packaging Sector Relying on Bio-Based PET Material?

The soaring demand for bioplastics, increasing environmental problems caused by polyethylene terephthalate (PET) products, and rising research and development (R&D) activities by the market players are set to drive the bio-based PET market at a CAGR of 14.7% during the forecast period (2018–2023). The market was valued at $3,917.4 million in 2017, and it is projected to reach $8,682.6 million by 2023. Moreover, government initiatives to curb greenhouse gas (GHG) emissions have led to the increasing production of sustainable products, such as bio-based PET.

This sustainable, environment-friendly material is a form of bioplastic derived from plant sources. This is why it is easily disintegrated by microorganisms into biomass, water, and naturally occurring gases. The demand for bio-based PET and other types of bioplastics, including polyolefin elastomer (PE), polylactic acid (PLA), starch-based plastics, and polybutylene succinate (PBS), is escalating due to their benefits that make them better than fossil-based packaging materials. In comparison to the former, bioplastics offer higher breathability (necessary for packing fruits and vegetables), better renewability and decomposability, and a longer shelf life.

Currently, the Asia-Pacific (APAC) region is dominating the bio-based PET market, and it is expected to maintain its position in the coming years. Moreover, the market is also set to witness the highest CAGR here as a result of the expansion of the bio-derived PET production capacity in India and China. Besides, the increasing consumption of fizzy soft drinks and alcoholic beverages and rising number of initiatives by governments and international regulatory bodies to curtail the emission of GHGs are expected to fuel the market growth in the region.

According to P&S Intelligence, North America followed APAC in 2017, in terms of bio-based PET usage, due to the presence of a large number of bottle producers in the region using this material. The continent is marked by the presence of PepsiCo Inc., The Coca-Cola Company, M&G Chemicals SA, and Origin, which are aspiring to manufacture PET bottles that are 100% plant-based, to cater to the spurring demand for bioplastics and adhere to the stringent pollution control regulations of the Environmental Protection Agency.

Thus, the increasing focus on the adoption of environment-friendly products is boosting the demand for plant-derived PET across the world.

Source: www.psmarketresearch.com

Read More

Plastisol Sales Set to Surge in Asia-Pacific in Near Future

The expansion of the textile industry is positively impacting the sales of plastisols across the world. Screen printing is rapidly becoming the most sought-after option for printing fabrics. Plastic inks are extensively used in the inking and coating of textiles, because of their high cost-effectiveness, excellent performance, and opaqueness. Moreover, the mushrooming requirement for printed textiles such as jeans, printed tees, jackets, tote bags, and various other apparels is boosting the requirement for coating inks in textile applications.

The governments of many countries are enacting policies for fueling the expansion of the textile industry. For example, according to the data and information collected by Indonesia-Investments, which is an informational website that publishes information about the country’s economy, the government of Indonesia aims to increase the valuation of exported garments and textile to as much as $75 billion by 2030. This will consequently push up the sales of plastisols in the country in the coming years.

For example, in industries such as transportation, upholstery, and furniture, several governments have made the usage of plastisol coatings as flame retardants mandatory for enhancing consumer safety. The other major reason behind the implementation of this stringent policy is the fact that plastisol coatings provide excellent fire and heat resistance. Due to these factors, the sales of plastisols are surging sharply across the globe. This is, in turn, propelling the advancement of the global plastisols market.

This was because of the fact that these materials provide high corrosion and chemical resistance and excellent insulation. Across the globe, the plastisols market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the rapid economic progress and the ballooning plastisol production capacities of the regional countries. 

Therefore, it is safe to say that the demand for plastisols will soar all over the world during the next few years, mainly because of their increasing usage in the textile industry.

Source: www.psmarketresearch.com

Read More

How Are FDA Policies Driving Usage of Coding and Marking Systems in U.S.?

The standards of the U.S. Food and Drug Administration (FDA) regarding the quality of food products and drugs and the provision of authentic details on the packaging are among the strictest in the world. Moreover, under the FDA Act of 2007, every food and drug manufacturing machine label must contain the Unique Device Identification (UDI) label. Additionally, manufacturers also need to have unique codes on their products to be able to trace them throughout the production line and beyond.

Moreover, to print the details directly on the surface of food products, specialized and strongly-regulated equipment and inks are required. Therefore, P&S Intelligence expects the U.S. coding and marking systems market to grow from $558.4 million in 2017 to $860.6 million by 2023, at a 7.6% CAGR between 2018 and 2023. This is because these systems are used to print product-related details, such as manufacturing and expiry dates, batch number, ingredient and nutrient list, and manufacturer’s contact information, on the packaging.

In present times, when everybody is trying to come up with cheap knock-offs, anti-counterfeiting initiatives have become even more important. For this purpose, smart codes are being used, which modify the characters of a basic batch number and turn it to a complex code, thus making it difficult to be copied. According to the U.S. Department of Homeland Security (DHS), between 2000 and 2018 shows, seizures of fake goods at U.S. borders rose by 10 times, from 3,244 to 33,810 per year. The absence of proper codes characteristic to the original company no fake goods are a key enabler of such seizers.

As a result, all these industries and others use a variety of coding and marking systems, including thermal transfer overprinting (TTO), thermal inkjet, continuous inkjet, print & apply labelers, drop-on-demand (DoD), valve jet, laser, and hot-melt inkjet. Among these, most manufacturers in the country prefer continuous inkjet systems on account of their high speed of printing, which they can accomplish on almost every material, and non-stop operations for long hours. Moreover, these systems are already cost-effective to purchase, and they also require minimal servicing, which leads to further cost savings for users.

Hence, with the growing industrial production amid the constant threat of counterfeiting and risk of incurring heavy fines for not complying with FDA regulations, the demand for coding and marking systems in the country will keep rising.

Source: www.psmarketresearch.com

Read More

How is Mushrooming Usage of Agrochemicals Adding Fuel to Global Ethanolamines Market Fire?

Owing to the rising demand for surfactants, the global ethanolamines market is predicted to grow from $2,933.5 million in 2019 to $5,079.0 million by 2030, at a 5.0% CAGR between 2020 and 2030. With the increase in the disposable income of people living in the Latin American and Asia-Pacific regions, coupled with the rising awareness among them about personal hygiene, the demand for detergents and soaps is rising.

The COVID-19 pandemic has slowed down the growth of the ethanolamines market, as the operations at downstream product manufacturing plants, especially in China, have stopped. Similarly, the market in Europe has also suffered, due to the curtailed output of ethanolamine-containing products from U.S. plants.

Ethanolamines Market Segmentation Analysis

In the years to come, the diethanolamine (DEA) category, on the basis of type, would grow with the highest CAGR in the ethanolamines market, of 6.2%, in terms of value. This would be a result of the wide usage of this compound as an ingredient in soaps and detergents and in treating natural gas and crude oil and producing glyphosate. In addition, the consumption of surfactants and herbicides is expected to increase in APAC and North America, where these products are also more expensive than in other regions.

The surfactants division, based on application, held the largest share in the ethanolamines market during 2015–2019, and the situation is predicted to remain unchanged throughout this decade. When used as a surfactant, ethanolamines display an emulsifying character, which is why their usage is increasing in the production of gel-type cleaners, industrial detergents, body lotions, shaving creams, soap bars, and shampoos.

Working Together Being Seen as Definitive Growth Strategy

In order to grow in the ethanolamines market, companies offering the compound and its derivatives are merging, partnering, and collaborating with or acquiring each other.

For instance, in November 2019, Baker Hughes signed an agreement with Sadara Chemical Company to receive feedstock chemicals from the latter company for its PlasChem Park, Saudi Arabia chemical plant. Under the agreement, Baker Hughes will receive propylene oxide and ethylene oxide (a key raw material for producing ethanolamines) over a 20-year period, via pipelines.

The key players functioning in the global market for ethanolamines are Nouryon, BASF SE, LyondellBasell Industries N.V., The Dow Chemical Company, INEOS Group Holdings S.A., Huntsman Corporation, Mitsui Chemicals Inc., KPX Green Chemical, Oriental Union Chemical Corporation, Nippon Shokubai Co. Ltd., PETRONAS, Oxiteno, Sadara Chemical Company, Sintez OKA, Saudi Kayan Petrochemical Company, Sasol Limited, and Sinopec Group.

Source: www.psmarketresearch.com

Read More

Chemical Industry Using Chloromethanes for Varied Purposes

Chloromethane is used as a raw material for manufacturing industrial solvents that are processed for the production of dimethyldichlorosilane, which serves as a precursor to silicones. These silicones are used in the production of lubricants, medicine, sealants, cooking utensils, and adhesives. Other derivates of chloromethane like methyltrichlorosilane and trimethylsilyl chloride are also utilized as solvents in butyl rubber manufacturing and petroleum refining. The surging production of such compounds will fuel the chloromethanes market at 3.4% CAGR during 2019–2024. The market is expected to rise from $2,675.9 million in 2018 to $3,286.9 million by 2024.

Currently, the market is highly consolidated with the presence of few major players, wherein AkzoNobel N.V. is the leader. This company has a rooted presence across the world and has plans to drive its production capacity. In July 2018, AkzoNobel N.V laid down its plan to increase its production capacity by 50%, by 2023, by expanding its capacity in Frankfurt, Germany. Additionally, companies like Dow Inc., Shin-Etsu Chemical Co. Ltd., Ercros S.A., Solvay SA, Occidental Petroleum Corporation, Tokuyama Corporation, AGC Inc., and KEM ONE also account for a substantial market share.

These players are involved in the production of methyl chloride, chloroform, methylene chloride, and carbon tetrachloride. Among these, manufacturing of carbon tetrachloride has escalated quickly because of its growing use as cleaner. In production units, the compound is used as a degreaser; whereas, in residential facilities, it is used to remove spot from cloths, carpets, and furniture. Apart from this, the compound also finds application in insecticides and fire extinguishers. Additionally, the players are producing high-volume of methylene, due to its extensive application in the formation of metal cleaning agents, pharmaceutical products, and adhesives.

Whereas, the Middle Eastern and African (MEA) chloromethanes market is expected to witness the fastest growth during the forecast period. This can be ascribed to the expansion of the chemical end-use industries, on account of diversification plan in the U.A.E., Saudi Arabia, and several other Gulf countries. Moreover, the presence of the well-established agriculture sector and the untapped pharmaceutical industry will attract key market players to this region. Additionally, the surging number of oil and gas exploration and production (E&P) activities will facilitate the market growth in the coming years.

Thus, the growth of the end-use sectors like pharmaceutical, chemical, and agriculture will propel the demand for chloromethanes in the foreseeable future.

Source: www.psmarketresearch.com

Read More

Demand for Digital Oilfield Technology Predicted to Boom in Coming Years

The increasing production of shale gas is fueling the demand for digital oilfield technology across the world. In the U.S., the mushrooming production of shale gas is resulting in the generation of large amounts of data related to production and drilling cycles and seismic and spatial information. As per the U.S. Energy Information Administration (EIA), in the U.S., shale resources were responsible for the production of nearly 16.76 trillion cubic feet (Tcf) of dry natural gas.

Apart from the aforementioned factors, the rapidly declining number of onshore reserves in various oil- and gas-producing countries is also positively impacting the demand for digital oilfield technology across the world. This is creating lucrative growth opportunities for the companies developing the digital oilfield technology, as this technology is increasingly being required by various exploration and production (E&P) organizations around the world for studying and analyzing the potential of offshore sites.

BP and Chevron, which are two of the biggest oil firms in the world, announced in January 2018 that they have made huge deep-water discoveries in the North Sea and the Gulf of Mexico. These factors are fueling the requirement for digital oilfield technology across the world, which is, in turn, driving the advancement of the global market for digital oilfield technology. Digital oilfield technology is divided, on the basis of process, into production optimization, reservoir optimization, and drilling optimization.

Out of these, the demand for production optimization was the highest across the world during the last few years, as per the observations of P&S Intelligence, a market research company based in India. This was primarily because of the huge requirement for advanced oilfield technologies that can make the process of crude oil extraction easier and hassle-free, on account of the presence of a large number of mature oilfields across the world.

Hence, it can be said with surety that the demand for digital oilfield technology will shoot up all over the world in the coming years, primarily because of the mushrooming production of shale gas and the increasing requirement for advanced technologies by E&P companies.

Source: www.psmarketresearch.com

Read More

Boom Expected in North American Low Strength Proppants Market in Near Future

The global low strength proppants market generated a revenue of $3,713.3 million in 2019, and it is predicted to attain a value of $5,294.8 million by 2030. Furthermore, the market will progress at a CAGR of 9.8% between 2020 and 2030, as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the surging exploration & production (E&P) activities and rapid technological advancements in crude oil discovery.

Another major factor fueling the expansion of the low strength proppants market is the increasing technological advancements and innovations being made in crude oil discovery around the world. The market is categorized, on the basis of end use, into coal-bed methane, crude oil, and shale gas. Amongst these, the crude oil category is predicted to exhibit the highest growth rate in the market in the coming years. This is because of the surging requirement for more crude oil exploration globally.

Moreover, many countries such as the U.S., the U.K., Russia, and Saudi Arabia are increasingly focusing on producing unconventional oil, which is, in turn, driving the demand for low strength proppants. As per the International Association of Energy Economics, unconventional oil accounted for 3.0% of the total crude oil production across the world in 2020. Additionally, the production volume of this oil will grow from 3.05 million barrels per day (mbpd) in 2020 to 3.75 mbpd by 2030.

Facility Expansions Being Seen as Key Move for Growth by Industry Players

To make the most of the high demand for oil and gas, companies offering proppants are expanding their production capacities, so they can supply as much of the material as possible to E&P firms.

For instance, Alpine Silica announced plans to construct a frac sand processing facility each in Fay, Oklahoma, and Van Horn, Texas, in June 2018. Apart from this expansion in the U.S., the company also secured nearly 51 million tons of frac sand reserves for the Oklahoma facility.

The most prominent players in the global low strength proppants market are Fairmount Santrol Holdings Inc., Superior Silica Sands LLC, U.S. Silica Holdings Inc., CARBO Ceramics Inc., Badger Mining Corporation, Preferred Sands, Saint-Gobain Proppants Inc., JSC “Borovichi Refractories Plant”, Black Mountain Sand LLC, Hi-Crush Inc., Atlas Sand Company LLC, Wisconsin Proppants LLC, Gongyi Tianxiang Refractory Materials Co. Ltd., and TEXAS SILICA.

Source: www.psmarketresearch.com

Read More

Magnesium Stearate Improving Cosmetics Quality

The expanding pharmaceutical industry, especially in Asia-Pacific (APAC), is expected to drive the global magnesium stearate market from $1,492.3 million in 2019 to $2,637.6 million by 2030, at a 5.3% CAGR between 2020 and 2030. Being the most populated region in the world, APAC generates a significant requirement for medical drugs and other pharma products. In addition, heavy investments are being poured in the regional healthcare sector, which is leading to an increasing pharmaceutical output.

This factor is helping the magnesium stearate market grow, as the salt is used to prevent the sticking of drugs to production machines. The ability of the compound to serve as a cost-effective and suitable release agent propels its usage among pharmaceutical manufacturers. Thus, with the increasing pharmaceutical production in India, China, and Indonesia, the demand for this chemical will keep rising.

Due to the coronavirus pandemic, the magnesium stearate market has received a boost. This is because, with the rising cases of the infection, the healthcare sector is overburdened, with an acute shortage of drugs. Thus, pharmaceutical manufacturers have increased their output manifold, to meet the demand for medication, thereby driving the consumption of the compound.

The powder bifurcation, on the basis of form, is expected to witness the faster magnesium stearate market growth in the coming years. This is attributed to the wide usage of powdered magnesium stearate as a release agent, to make sure that the drugs do not stick to the manufacturing equipment. In addition, in several cosmetic products, including face powders and foundation cakes, the powdered form of the magnesium salt is used as an anti-caking agent. This is because it absorbs the extra moisture from the skin as well as prevents lumps from forming in the cosmetics.

The pharmaceutical division, under segmentation by end-use industry, would continue dominating the magnesium stearate market in the years to come. This would be because of the growing demand for the compound in the expanding pharmaceutical industry, as a suitable filler, binder, and release agent for drugs. Owing to the rising demand for drugs, the consumption of the compound is increasing. In addition, pharma companies are investing heavily in the research and development for new products, thereby helping raise the usage of the salt.

The most prominent players in the global magnesium stearate market are Peter Greven GmbH & Co. KG, Baerlocher GmbH, James M. Brown Ltd., Struktol Company of America LLC, Merck KGaA, Sinwon Chemical Co. Ltd., Haihang Industry Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., and Hefei TNJ Chemical Industry Co. Ltd.

Source: www.psmarketresearch.com

Read More

Surging Steel Production Fueling Global Demand for Graphite

The increasing production of steel, due to the mushrooming requirement for steel products in end-use industries such as automotive, residential (household use), construction, and oil & gas, is fueling the global demand for graphite. As per the World Steel Association, the worldwide crude steel production increased from 1,814 million tons in 2018 to 1,869 million tons in 2019. Graphite exhibits high corrosion resistance and excellent strength and durability at extreme temperatures.

This is why it is extensively used in steel production. Besides, the ballooning demand for lithium-ion (Li-ion) batteries, on account of the increasing electric vehicle deployment, is also propelling the sales of graphite across the world. Each lithium-ion battery needs 10–20 times more graphite than lithium, as the greater the quantity of graphite, the more will be the battery’s capacity to intercalate lithium. Moreover, graphite is majorly used as an anode in the Li-ion batteries.

As natural graphite is cheaper than synthetic graphite and lithium titanate, the mushrooming sales of Li-ion batteries are driving the worldwide demand for graphite. This is, in turn, causing the expansion of the global graphite market. As a result, the revenue of the market is predicted to rise from $19,092.9 million in 2019 to $36,889.1 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 7.4% from 2020 to 2030.

Hence, it is safe to say that the demand for graphite will shoot up in the forthcoming years, primarily because of its increasing usage in the steel production process and Li-ion batteries and the mushrooming production of steel and the ballooning sales of Li-ion batteries, on account of the growing deployment of electric vehicles, across the world.

Key Findings of Global Graphite Market Report

• Growing steel production driving graphite usage

• Synthetic form of material more popular than natural form

• Graphite use in pebble-bed nuclear reactors is key industry trend

• Automotive sector displaying highest potential for graphite adoption

• Seeing fragmented market nature, players engaging in acquisitions

• Highest graphite consumption being witnessed in APAC

Source: www.psmarketresearch.com

Read More

Surging Oil and Gas Production Propelling Worldwide Demand for Benzalkonium Chloride

The rapid expansion of the pharmaceutical industry is massively augmenting the demand for benzalkonium chloride across the world. This is because this compound is heavily used in the pharmaceutical industry, because of its ability to be used as a disinfectant, antiseptic, solubilizing agent, wetting agent, and antimicrobial preservative. Moreover, with the rising income of people and the surge in healthcare expenditure in several countries, the affordability of various healthcare services is growing rapidly.

As per the U.S. Energy Information Administration (EIA), 101.2 million barrels of petroleum and various other associated liquids were used per day in 2019, which was higher than the 100.4 million barrels of petroleum used per day in 2018. The mushrooming requirement for these products is augmenting oil and gas exploration and production activities, which is, in turn, propelling the sales of benzalkonium chloride across the globe. This is consequently causing the boom of the global benzalkonium chloride market.

As a result, the revenue generated by the market is predicted to surge from $525.0 million in 2019 to $1,301.1 million by 2030. Furthermore, the market is predicted to grow at a CAGR of 9.6% from 2020 to 2030. Depending on application, the benzalkonium chloride market is divided into hand sanitizers; eye, ear, and nasal drops; shampoos, spermicidal creams, disinfectants, water treatment chemicals, timber protection chemicals, aquaculture chemicals, and coatings. 

Amongst these, the disinfectants category is predicted to register the highest growth in the market in the future years. This will be because of the compound’s ability to easily remove unwanted algae, viruses, fungi, and bacteria. When type is taken into consideration, the benzalkonium chloride market is classified into benzalkonium chloride 80% and benzalkonium chloride 50%. Between these, the benzalkonium chloride 50% category is predicted to hold larger share (by volume) in the market in the upcoming years.

This is because the compound is highly suitable for use in various personal care and pharmaceutical applications, on account of its less-toxic nature than the other variant. Globally, the benzalkonium chloride market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of the market research firm, P&S Intelligence. This will be due to the growing requirement for various disinfectant products in the region, because of the outbreak of the COVID-19 pandemic.

Hence, it can be said with full surety that the demand for benzalkonium chloride will rise sharply across the world in the coming years, mainly because of the growing usage of the compound in the pharmaceutical, personal care, and oil & gas industries.

Source: www.psmarketresearch.com

Read More

Increasing Oil and Gas E&P Activities Fueling Global Demand for Well Cementing

With the surge in exploration and production (E&P) activities in both unconventional and conventional oil and gas reserves, the demand for well cementing is growing rapidly all over the world. Moreover, because of the recovery of crude oil prices, the oil and gas industry is booming, which is, in turn, propelling the requirement for well cementing. The soaring E&P investments in countries such as China, Russia, Brazil, and the U.S. are fueling the expansion of the well cementing industry. 

Due to the above-mentioned factors, the demand for well cementing is rising sharply across the world. This is fueling the progress of the global well cementing market. The valuation of the market is predicted to grow from $7,577.6 million in 2018 to $10,065.4 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 4.7% between 2019 and 2024. Well cementing is used in shale gas, oil, and gas wells. 

Out of these, the requirement for well cementing is predicted to grow rapidly in shale gas wells in the forthcoming years. This will be because of the rising demand for shale gas and the soaring investments being made in E&P activities in shale gas reserves. When application is taken into consideration, the well cementing market is divided into offshore and onshore. Between these, the offshore category is predicted to demonstrate faster growth in the market in the coming years.

This will be due to the surging investments made in offshore exploration activities and the discovery of several major offshore reserves in several regions. Globally, the well cementing market recorded the highest growth in North America in the past, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge investments made in the oil and gas sector, especially in well drilling for extracting shale gas in Canada and the U.S. 

Hence, it can be said with full confidence that the demand for well cementing will rise across the world in the coming years, mainly because of the soaring exploration and production activities in both offshore and onshore oil and gas reserves around the world.

Source: www.psmarketresearch.com

Read More

How is Growing Demand for Paints and Adhesives Driving Methylene Chloride Market?

The demand for methylene chloride is exploding all over the world, on account of its usage as a key solvent in various paint and adhesive formulations. Due to its low flammability, quick drying characteristics, and strong dissolving strength, methylene chloride is heavily used as a solvent in adhesive and paint formulations. With the mushrooming requirement for paints and adhesives, on account of the launch of various construction projects, the demand for methylene chloride is rising sharply across the world.  

Besides the aforementioned factor, the surging sales of automobiles, especially in the developing countries, are also pushing up the sales of paints and adhesives across the globe. This is, in turn, propelling the demand for methylene chloride all over the world, which is consequently driving the advancement of the global methylene chloride market, as per the observations of P&S Intelligence, a market research company based in India. Methylene chloride is basically an organic compound and has the formula- CH2Cl2.

The other major application areas of methylene chloride are photographic films, inks, and electronics. Out of these, the usage of the compound was found to be the highest in chemical and foam manufacturing processes during the past few years. This was because of the huge requirement for the compound in foam manufacturing and chemical processing processes, on account of its excellent blowing performance and large-scale usage in specialty chemical formulations.

Geographically, the Asia-Pacific region emerged as the largest methylene chloride market in the past, which is primarily ascribed to the surging production of the chemical in the region, rapidly growing population, and increasing infrastructural activities. In APAC, China and India are among the major consumer of the chemical. Furthermore, companies in the domain from across the globe are shifting their production bases to the APAC region, owing to the strict environmental regulations and rules laid down by the governments of various countries, primarily those in the European region, banning the utilization of methylene chloride in paint stripper applications. 

In conclusion, the demand for methylene chloride is being driven by the surging utilization of paints and adhesives in the construction industry. 

Read More

Increasing Application of Barium Nitrate in Military Sector

Barium nitrate is used in a considerable amount in the production of ceramic powder that is an important ingredient of electronic components, such as superconductors, capacitors, and semiconductors. The ceramic powder coating is used for device packaging, specialized mechanical components, and semiconductor devices. Besides, its application is increasing in the glass industry, as this compound helps in improving opacity and homogeneity of glasses. Moreover, it is used as an oxidizing agent during the production of glass, as it prevents crystallization of glass, thus, leading to better productivity and output.

According to P&S Intelligence, the market is expected to progress at a CAGR of 5.5% during forecast period. Countries across the world are focusing on the expansion of the military sector, on account of rising investment, thus, boosting the demand for barium nitrate products. Furthermore, the application of these products will spur in North America, Asia-Pacific (APAC), and the Middle East, due to heavy investment by barium nitrate manufacturers.

Moreover, stable and continuous demand for barium nitrate products from the pyrotechnics/fireworks sector is expected to boost the adoption of this chemical in coming years. Barium nitrate acts as an intermediate chemical in the pyrotechnic industry and as an oxidizing agent to manufacture green fireworks. It is also used as a pyrotechnic colorant compound, which gives a specific color to the burning flame. Besides, the chemical is utilized in tracer bullet that allows shooter to detect the trajectory of a bullet with the naked eye. 

Thus, the broadening application base of barium nitrate is fueling the demand for this compound. This has led to the exponential growth in the production capacity of established market players, such as Angene International Ltd., Hebei Xinji Chemical Group Co Ltd., Jiaocheng Sanxi Chemical Co. Ltd., SNDB, Tennants Distribution Ltd., Basstech International Llc, Sakai Chemical Industry Co. Ltd., Solvay, and Xilan Chemicals Co. Ltd. Due to the strong presence of these companies, new players will face a lot of competition in terms of cost competitiveness, product quality, and supply reliability.

Therefore, the expansion of the military, electronics, and pyrotechnics industries will propel the demand for barium nitrate products in future.

Read More

How is Increasing Demand for Packaging Contributing toward Surge of Global Injection Molded Plastics Industry?

The mushrooming requirement for injection molded plastics in the automotive industry is one of the major factors fueling their sales across the world. These plastics are heavily used for manufacturing various automobile parts and components in order to reduce the overall weight of the automobile. Moreover, the rising requirement for lower vehicle weight because of the ballooning demand for higher fuel efficiency is propelling the usage of injection molded plastics in the automotive industry.

The implementation of strict regulations regarding the usage of medical grade polymers in the healthcare industry is propelling the demand for injection molded plastics across the world. This is, in turn, creating excellent growth opportunities for the injection molded plastics producing companies around the world. Due to these factors, the global injection molded plastics market is exhibiting huge expansion. As a result, the market value is predicted to grow from $283.5 billion in 2016 to $496.2 billion by 2025.

Geographically, the injection molded plastics industry will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This is credited to the mushrooming demand for packaging in the pharmaceutical, cosmetics and toiletries, and food and beverages industries and the ballooning consumption of soft drinks in the regional countries, on account of the rising average temperatures in these countries. 

Hence, it can be said with surety that the demand for injection molded plastics will shoot up all over the world in the forthcoming years, primarily because of their growing usage in the packaging and automotive industries.

Read More

What is the State of Adoption of Medical Robotic Systems in Healthcare Infrastructure?

The medical robotic systems market size is predicted to generate a revenue of $56.5 billion by 2030, increasing from $7.6 billion in 2019, advancing at a 20.2% CAGR during the forecast period (2020–2030). Based on type, the market is divided into radiosurgery, rehabilitation, automated dispenser, and surgical, out of which, the surgical division held the major share of the market during the historical period (2014–2019). This is due to the rising demand for minimally invasive robotic surgeries. 

The geriatric population has been increasing rapidly all across the globe since the past few years. A report by the United Nations stated that the number of people aged 60 years or above was 962 million in 2017, which is expected to rise to 2.1 billion in 2050 and to 3.1 billion in 2100. This increasing number of aged people is bound to add to the global healthcare burden and financial burden, owing to which, there is a need for innovative means for dealing with this situation.

To learn more about this report: https://bit.ly/2JmPBzn

In addition to this, the demand for robotic procedures has actually been rising all over the world. As per a study in the Journal of the American Medical Association in 2020, about 15.1% of all the general surgeries in 2018 were robot-assisted procedures. The utilization of robotic surgeries has risen by 8.8% in the first four years, after the adoption of the technology in hospitals.

In addition to this, the increasing demand for minimally invasive surgeries and rising funding by government authorities for medical robots are also leading to the increasing demand for medical robotic systems in the region. Moreover, the companies operating in the regional domain are actively involved in strategic developments and are focusing on raising funds for establishing their stronghold on the market. For example, Corindus Vascular robotics Inc. raised $15 million in February 2019 in a stock offering. 

In conclusion, the market has been registering growth due to the rapid technological advancements, rising acceptance of medical robotic systems, and surging aged population.

Read more: https://www.psmarketresearch.com/market-analysis/medical-robotic-systems-market

Read More

How are Rising Food Safety Concerns Driving Mass Spectrometry Market?

 Food quality and safety is a vital public health issue, and it has become a major concern for people these days due to the presence of chemicals, toxins, and pathogens in food. As per the University of Rhode Island Department of Food Safety Education, about 33 million people fall ill because of foodborne illnesses every year in North America. Food contamination can originate from various sources, for example food safety is affected by the quality of water that is utilized in the processing and production of food. For maintaining the quality and safety of food, the presence of required microorganisms and the ones which may lead to spoilage in food is mandatory. Hence, food companies and government authorities use various analytical techniques for monitoring contamination to detect and mitigate risks. Due to this, the demand for microbial identification devices, specifically those based on mass spectroscopy, is increasing, as this technique provides a versatile approach in testing food samples along with both qualitative and quantitative data.

Mass spectrometry technique is utilized to quantify and identify molecules in complex and simple mixtures. The identification and ascertainment are done by separating the ions based on their mass to charge ratio which is measured by making use of a mass spectrum. 

As per a study conducted by the P&S Intelligence, the global mass spectrometry market size reached a value of $4,948.3 million in 2015 and is predicted to register a CAGR of 8.1% in the coming years. Various applications of mass spectrometry include proteomics, clinical testing, environmental research, and drug discovery and development. Among all these, mass spectrometry was utilized the most for drug discovery & development during 2012–2015, as it helps in determining the structure of metabolites and drugs. The fastest growth in demand is expected to be witnessed by the application of proteomics.

To learn more about this report: https://bit.ly/3lt1wbD

Several end users of mass spectrometry include hospitals, academic & research institutes, pharmaceuticals, and life sciences & biotechnology sector. During the period 2012–2015, the largest demand for mass spectrometry was created by the pharmaceutical firms and the situation is going to remain the same in the coming years as well. Over 80% of a medicinal product is made up of excipients, moreover, as these excipients are administered in patients, establishing their purity is of utmost importance. Therefore, to enhance the quality of pharmaceutical excipients, the International Pharmaceutical Excipients Council worked together with the Pharmaceutical Quality Group, the European Fine Chemicals Group, and the European Association of Chemical Distributors to develop a certification scheme for excipient suppliers. The legislation formulated by these organizations enforces the use of mass spectrometry for screening impurities in pharmaceutical excipients.

Read More

What are Key Factors Powering Surge in Global Ambulatory EHR Industry?

The ambulatory EHR market is registering growth due to the rising usage of EHR solutions, adoption of healthcare intranet technologies (HCIT) and increasing government initiatives, and need for reducing the overall healthcare cost. The electronically stored medical records of patients, which include information about medical care and surgeries that do not require the patient to be admitted in a hospital or non-hospital settings, are called ambulatory EHR.

To learn more about this report: https://bit.ly/3mvbs5D

In terms of application, the ambulatory EHR market is divided into patient management, referral management, decision support, e-prescribing, practice management, population health management, and health analytics. Among these, the practice management application occupied the largest share of the market during the historical period (2013–2016) and is projected to retain its position during the forecast period. This is due to the several advantages of EHR implementation, such as increased efficiency of day-to-day operations of healthcare practices. E-prescribing is predicted to grow at the fastest pace during the forecast period.

Another factor driving the ambulatory EHR market is the surging need for reducing overall healthcare cost. The shift from traditional data record systems to ambulatory EHR records decreases the cost associated with storing the data. While before the data stored on paper required a lot of care while handling it, now with the introduction of ambulatory EHR, the data can be electronically stored with ease. As per the data published by the University of New Mexico Hospital, the hospital saved over $200,000 annually due to reduced overtime and healthcare cost.

Hence, the market is growing due to the rising need for decreasing overall healthcare cost and increasing adoption of HCIT.

Read more: https://www.psmarketresearch.com/market-analysis/ehr-market

Read More

What are the Key Factors Powering Revenue Growth in Anatomic Pathology Industry?

One of the biggest factors resulting in the increasing demand for anatomic pathology services across the world is the escalating prevalence of chronic diseases, such as hypertension, cancer, heart diseases, autoimmune diseases, liver cirrhosis, and kidney diseases, especially in low and middle-income countries (LMICs). According to a report of the World Health Organization (WHO), 9.6 million people died from cancer across the world in 2018. Furthermore, the report also states that almost 70% of the deaths from cancer occur in LMICs, which, in turn, boosts the demand for anatomic pathology screening in these countries.

The other key factor responsible for the growth of the anatomic pathology market is the soaring geriatric population across the globe. As per the World Population Ageing published by the United Nations (UN), the global geriatric population is predicted to increase from 703 million in 2019 to 1.5 billion by 2050. Additionally, the WHO reports that the prevalence of chronic diseases, such as depression, diabetes, organ failure, dementia, and pulmonary diseases, increases with age, which further pushes the need for efficient diagnosis, thereby propelling the volume of pathological tests.

To learn more about this report: https://bit.ly/2JBwD7S

Geographically, the Asia-Pacific region is expected to observe the fastest growth in the demand for anatomic pathology testing during the forecast period. The main factors contributing to the surge in this region are the rising acceptance of personalized medicine, mushrooming patient pool suffering from chronic diseases, increasing investments by the governments of various APAC countries, as well as numerous non-government organizations, on diagnostic research, and increasing penetration of major companies in the region, which provide products for pathological screening.

Therefore, it can be concluded that owing to the ballooning need for quick and effective diagnosis of chronic diseases and rapid technological advancements in the healthcare industry, the usage of anatomic pathology testing is set to observe huge growth in the coming years.

Read more: https://www.psmarketresearch.com/market-analysis/anatomic-pathology-market

Read More