Global Industrial Garnet Market Growth to Register Steller Growth Owing to Increasing Adoption by End-use Applications

 Garnet is mined as both gemstones and as a material used across industries. High hardness and angular fractures of the garnet has made it viable for various industrial uses such as waterjet abrasive and filtration medium. Maximum use of garnet is found in waterjet cutting followed by abrasive blasting, water filtration, abrasive powders, and others. Waterjet cutters that are majorly used in mining and manufacturing are driving the demand for garnet. Increasing number of companies are replacing silica sand with garnet sand for sand blasting. Usually, garnet extracted from hard rock is gaining popularity in waterjet cutting as it is more angular in form, hence, provide efficiency in cutting.

The garnet powder is also being used on a large scale for ceramic/glass polish, for making anti-skid surface and anti-slip paints. Increasing demand for garnet is resulting in the new companies entering the global industrial garnet market. In order to meet the increasing demand, companies are also focusing on decreasing the prices by keeping supply and demand in balance. Government initiative towards the mining industry in countries such as Canada, India, and Australia, and a ban on the use of harmful minerals including slag and silica are likely to fuel the growth of the global market for industrial garnet.

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As per the report by Persistence Market Research (PMR), the global industrial garnet market is likely to see a steady growth during 2017-2024. The global market for industrial garnet is also estimated to exceed US$ 700 Million in terms of value by the end of 2024.

Almandine to Gain Maximum Traction in the Global Industrial Garnet Market

In terms of the product type, almandine is likely to emerge as the most used and preferred product during 2017-2024. Almandine is projected to bring in close to US$ 400 Million revenue by the end of 2024.

Based on the application, industrial garnet is anticipated to find the largest application in abrasive blasting. Towards the end of 2024, abrasive blasting is projected to surpass US$ 300 Million in terms of value. Meanwhile, industrial garnet is also likely to be used on a large scale in water jet cutting.

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North America to Witness Highest Growth in the Global Market for Industrial Garnet

North America is expected to remain dominant in the global industrial garnet market during the forecast period 2017-2024. North America by the end of 2024 is projected to surpass US$ 200 Million revenue. The petroleum industry in the U.S. is one of the largest consumers of garnet. It is used by petroleum industry mainly for well casing and for cleaning drill pipes. Also, the pricing is very competitive within the U.S. garnet industry. Hence, the high level of customer service is offered by suppliers. Aircraft manufacturers, ceramic and glass producers, water filtration plants are some of the industries in the U.S. driving the demand for industrial garnet.

Key Companies in the Global Industrial Garnet Market

Indian Ocean Garnet Sands Company Ltd., GMA Garnet Group, Barton International, Beach Minerals Company, Zircon Mineral Co., Opta Minerals Inc., Rizhao Garnet Ltd., Mohawk Garnet Inc., and V.V. Mineral Pvt. Ltd., are some of the leading companies in the global market for industrial garnet.

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Triethanolamine (TEOA) Market Conveying Valuable Data In Forecast Year 2021 and 2031

 Triethanolamine (TEOA) Market: Introduction

Triethanolamine (TEOA) is a viscous, oily organic chemical compound, which obtained from a chemical reaction between ethylene oxide and aqueous ammonia. As triethanolamine is from ethanolamine family, it is a water-soluble chemical. As both, ethylene oxide and ammonia are toxic chemicals, it makes triethanolamine a harsh chemical with ammonia-like odor. It is a colorless and thick liquid, however, its impurities can be identified when triethanolamine turns yellow. Triethanolamine shows properties of both amines and alcohols, exhibiting bifunctional nature. Triethanolamine, when used in conjunction with fatty acids, converts acid to salt, acting as a base. Apart from its primary use as a pH adjuster, triethanolamine is popularly used as a buffering agent, masking agent, and fragrance ingredient in various personal care products.

The triethanolamine (TEOA) market is witnessing healthy growth, which is mainly attributed to the increasing popularity of the applications of triethanolamine in cosmetics & personal care products. Manufacturers in the triethanolamine (TEOA) market are focusing on leveraging the wide range of industrial as well as consumer applications of triethanolamine to establish a stronger presence in the market. Apart from the applications of triethanolamine in the cosmetics & personal care industry, paints & coatings industry, leather & textile industry, and pharmaceutical industry are among the leading end-user industries of triethanolamine.

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The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.

Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.

Triethanolamine (TEOA) Market: Dynamics

The versatile range of industrial applications of triethanolamine remains the most important driving engine for the development of the triethanolamine (TEOA) market. Manufacturers in the triethanolamine (TEOA) market are targeting the fastest-growing end-user industries, such as cosmetics & personal care and paints & coatings, to improve profitable sales of triethanolamine in the upcoming years.

The applications of triethanolamine as a pH controller in cosmetics & personal care products are expected to provide a major boost to the growth of the triethanolamine (TEOA) market in the foreseeable future. Furthermore, its applications in agricultural products and de-icing products play an important role in the expansion of the triethanolamine (TEOA) market.

However, consumers are becoming more conscious about the ingredients of cosmetics before making a purchase, and the toxic nature of triethanolamine may make a negative impact on the dynamics of the triethanolamine (TEOA) market. The negative effects of triethanolamine in cosmetic products involve skin and eye irritation and it can also cause respiratory diseases due to long term use of personal care products manufactured using triethanolamine. Various medical studies have found that triethanolamine in several personal care products, such as sunscreen and ear drops, have caused allergic reactions among a majority of consumers. Growing awareness about the potential hazards of using cosmetic products manufactured using triethanolamine may make a negative impact on the growth of the triethanolamine (TEOA) market in the coming future.

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Triethanolamine (TEOA) Market: Segmentation

By product type	Triethanolamine ≤85% Triethanolamine 85%-99% Triethanolamine ≥99% Other
By end users	Power, Energy & Oil Industry Inks, Paints & Coatings Industry Engineering & Metal Treatment Industry Cosmetics & Personal Care Industry Leather & Textile Industry Other

Triethanolamine (TEOA) Market: Regional Outlook

The growth prospects of the triethanolamine (TEOA) markets in developed regions such as North America and Europe are mainly influenced by the imposition of strict rules and regulations on the use of triethanolamine in cosmetic products. The FDA regulates the use of triethanolamine in various cosmetics & personal care products to identify the toxicity of these products and ensure the safety of consumers.

The need for gaining FDA approval for cosmetics manufactured using triethanolamine may restrict the demand for triethanolamine in the North American region. Meanwhile, increasing demand for triethanolamine in the manufacturing laundry detergents manufactured in developing nations may mark significant growth of the triethanolamine (TEOA) markets in emerging economies in the coming future.

Triethanolamine (TEOA) Market: Key Players

Offering a broad spectrum of end-use applications opportunities is expected to become a popular trend among stakeholders in the triethanolamine (TEOA) market. The target applications of triethanolamine in rapidly-growing end-use industries, such as textile and detergents, are making a significant impact on the important manufacturing strategies adopted by leading manufacturers in the triethanolamine (TEOA) market. Some of the important stakeholders in the triethanolamine (TEOA) market profiled in the report include:

• BASF
• Dow Chemical Company
• Huntsman
• INEOS
• Xianlin
• Nippon Shokubai
• SABIC
• AkzoNobel
• PETRO-CHEMICAL
• Fushun Beifang
• Jinyan
• ZHONGXIN CHEMICAL
• Qingming Chemical
• Beifang Huifeng
• Yinyan Specialty

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Bismuth Market To Witness CAGR Of 5.3 % Rise In Value Share During The Period 2016-2024

 Global demand for bismuth is expected to grow at a Y-o-Y growth rate of 4.9% by 2016 end. China is a major consumer, producer, and exporter of bismuth and is anticipated to maintain its dominance in the global market in the near future. The country is estimated to account for 27.0% share of overall bismuth sales by the end of 2016. The increasing use of bismuth oxide in growing manufacturing industries is anticipated to drive consumption in the region. The rapid growth of the automobile end-use industry is expected to drive further market growth.  Increasing environmental regulations regarding lead usage in various end-use industries would drive demand for bismuth and bismuth derived compounds. Stringent regulations and initiatives by leading manufacturers in end-use industries to phase out lead production is expected to spur bismuth market growth. Major paints & coatings manufacturers such as BASF SE and PPG Inc. are actively offering bismuth-based products replacing their lead based portfolio, in order to provide environmentally-friendly product offerings.

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The bismuth market in APAC is anticipated to witness higher growth rates due to increasing manufacturing activities in China and India. Demand in Europe is also anticipated to be above average due to stringent lead restricting directives in the region, while demand in North America, Latin America, and MEA is expected to be moderate. Declining lead production due to regulations and declining consumption of lead-acid batteries is anticipated to be a major restricting factor for the global market. The increasing use of bismuth alternatives in pharmaceuticals and alloys is also a major obstacle to market growth.

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Hunan Jinwang Bismuth Industry Co. Ltd., Hunan Bismuth Co. Ltd., and Nui Phao Mining Company Limited are some of the top producers of bismuth, with a cumulative annual production capacity of 11,000 metric tons.

PMR Long-term Outlook on Global Bismuth Market: The global bismuth market is expected to reach US$ 400.0 Mn expanding at a CAGR of 6.7% during the forecast period (2016–2024). Asia Pacific is anticipated to be the largest market for bismuth, with a market share of 46% in overall sales by the end of 2024.

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The next 10 years to see an unprecedented growth of the Basic Dyes Market

 Chemicals & materials industry produces a huge variety of products consumed by people world-wide. Persistence Market Research (PMR) provides vital information that creates value all along the product life cycle and improve our clients’ understanding about product valuation & its related projections.

Basic Dyes Market Forecast and CAGR:

According to latest research conducted, the demand of Basic Dyes is anticipated to grow with a significant growth rate of about 3.62% to 4.1% in between the coming assessment period of 2021-2031.

Basic Dyes market is expected to develop at a significant pace during the decade because the scope of its applications is growing spectacularly worldwide. The negative global impacts of the coronavirus are quite pronounced, significantly affecting the Basic Dyes market in 2020-2021.

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What is Driving Demand for Basic Dyes?

Basic dyes are used for dyeing wool, silk, and acrylic and mod-acrylic fibres. The bright colours achieved from basic dyes do not usually occur with other dye classes. These are also used for making inks, typewriter ribbons and dyeing leather. Jute fibres and its generated products are also stained with the help of basic dyes. It can also be used for dyeing acetate and acrylic fibres.

As the young generation holds a major share in population, so the demand of fashionable clothing and coloured varieties is growing rapidly which propels the growth of Textiles industry. The Microbiology and Biotechnology segments also use these dyes to stain different specimen and increasing research & development activities have increased the applications of these dyes for healthcare sector.

In Food technology also dyes are used to enhance the presentation of dishes, it mainly seen in Hotel Management and Tourism industry, after Covid situation this is the most expected field which will grow extensively. Paper printing also uses the variety of dyes.

Demand & Role of Methylene Blue, Crystal Violate and Basic Fuchsin Safranin:

Textile industries consume large amounts of water and generate highly dye-contaminated effluents. As Methylene Blue is used to dying wools, Cotton and silk. Fashion industry requires lots of shades and color combinations to invent new patterns.

Also, it is used to cure some diseases in medical science and widely used for treatment. Crystal Violet is used is paper printing, inks, inkjet printers, ball-pen pointers and Textile dye. Basic Fuchsin Safranin dye basically used to stain certain specimen in Microbiology and as well to dye the leather products.

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Textile industry, Food technology and medical science these are the fastest growing segments and along with that the demand of Basic dyes increases. Discovery of new variants & specimens in medical and extensively demand of clothing range and fashion statements are key factors to drive the demands of these dyes.

Asia Pacific Demand Market Outlook for Basic Dyes:

Asia Pacific is anticipated to witness high consumption due to India, Japan and China being the biggest producers and consumers of organic dyes. Textile industry is likely to contribute significantly to the market owing to growing demand for apparels, mainly from emerging economies like China, Mexico, India, Bangladesh and Vietnam.

Growing population in the aforementioned countries is the key parameter responsible for triggering the textile overall industry thereby likely to drive the growth of organic dyes market size through the forecast period.

Higher domestic demand along with easy availability of raw materials and cost-efficient labour make APAC the most preferred destination for producers of cosmetic dyes. These factors are attracting companies to adopt expansions and R&D in this region. China and India are among the fastest-growing economies, globally

Europe Demand Outlook for Basic Dyes:

Europe is one the most important markets for colorants, accounting for 28% of the global share. Due to the growth in manufacturing and customer technology, the demand of dyes is anticipated to grow both in terms of price and quantity.

Dyes are extensively used more and more to enhance textile and apparel performance and look to increase consciousness in the manufacturing industry of textile and coloured textile material quality. The key countries which are seeing this extensive growth are Spain, Germany, France, Sweden and Denmark.

The Covid pandemic has already affected the growth and the demand of the compound has witnessed a downfall in the year 2020, although a rebound is expected starting from the second half of 2021 or start of the 2022.

Who are the Key Manufacturers and Suppliers of Basic Dyes?

The key manufactures and suppliers are

• BASF (Germany)
• Bayer (Germany)
• Atul (India)
• Huntsman
• Nippon Kayaku (Japan)
• Zhejiang Longsheng (China)
• Osaka Godo (Korea)
• Suzhou Sunway (China) and so on.

The Big market player in Basic Dye industry is BASF, which produces oil, gases, fibers, pigments and wide variety of Dyes. They have unique solutions for dying and staining, also they do re-engineering in their products to stay in the game of market. Other big companies are also focusing mainly on Research and Development and trying to bring new innovations to the table.

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The next 10 years to see the Spandex Market players filing innovation-based patents at a CAGR of 6%

 This report provides in depth study of “Spandex Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Spandex Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

The global spandex market is estimated to expand at a CAGR of more than 8% over the forecast period of 2022-2031. Growing demand from industries such as medical and textiles is one of the leading driving factors for rising growth and consumption of spandex.

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Rapidly growing population combined with increased consumer disposable income is expected to drive demand for sports and active wear, resulting in market expansion. Increasing engagement in sporting activities is expected to lead to rising demand for comfortable apparel, such as cycling pants, casual clothing, trekking pants, and even undergarments, as consumers become more conscious of the need of leading a healthy lifestyle, which, in turn, is expected to drive market growth substantially.

Key Players:

The report has profiled some of the important players prevalent in the global like – Hyosung Corporation, Asahi Kasei Corporation, INVISTA, Zhejiang Huafon Spandex Co. Ltd, TK Chemical Corp, Taekwang Industrial Co. Ltd., Yantai Tayho Advanced Materials Co., Ltd, Xiamen Lilong Spandex Co., Ltd, Hyosung Corporation, Jiangsu Shuangliang Spandex Co., Ltd., Toray Industries, and Xiamen Lilong Spandex Co., Ltd, and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Spandex Market.

Key Takeaways from Market Study

• Over the next ten years, the global market for spandex is set to expand more than 2X.
• Sportswear application of spandex to increase at the highest rate over the coming years.
• East Asia, South Asia Pacific, and Europe are major markets for spandex.
• Consumption of spandex, especially in Asia Pacific countries such as China, India, and Japan, is rising due to rapid industrialization, low-cost manufacturing and processing, as well as rising foreign investments.

“Growing population coupled with economic growth, especially in developing regions across the globe, and increasing preference for sports clothing are expected to drive demand for spandex over the coming years,” says a Persistence Market Research analyst.

Conclusion

The global spandex market is anticipated to grow substantially owing to many small manufacturers and startups coming up with cost-effective solutions. Steady increase in demand from textile and healthcare industries as well as increased penetration in other industries such as as automobiles, aviation, and energy, and introduction of environmentally friendly and bio-based spandex, will drive market expansion in future.

Furthermore, several market players are investing heavily in research & development to enhance the features of spandex, such as elasticity.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Spandex Market Manufacturers
Spandex Market Distributors/Traders/Wholesalers
Spandex Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Spandex Market – Report Highlights

• A detailed overview of parent market of Spandex Market
• Changing Spandex Market dynamics in the industry
• In-depth segmentation of the Spandex Market
• Historical, current, and projected Spandex Market size regarding volume and value
• Recent industry trends and developments in Spandex Market
• Competitive landscape of the Spandex Market
• Strategies for key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Spandex Market performance
• Must-have information for Spandex Market players to sustain and enhance their market footprint

Key Questions Answered in the Spandex Market Report

How is the Spandex Market expected to grow over the projected period?

What direction is the Spandex Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Spandex Market in future?

What are the key market drivers in the Spandex Market?

What are significant opportunities and improvement areas for Spandex Market manufacturers?

What are the key developments and trends taking over the Spandex Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Spandex Market?

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Synthetic Gypsum Market Sales Revenue to Substantially Surge in the Next Ten Years

 Chemicals & materials industry produces a huge variety of products consumed by people world-wide. Persistence Market Research (PMR) provides vital information that creates value all along the product life cycle and improve our clients’ understanding about product valuation & its related projections.

Synthetic gypsum is a by-product in industrial processing, is composed of calcium sulfate dihydrate, and has the same characteristics as natural gypsum. Synthetic gypsum has numerous applications such as in drywall, cement, plaster, Soil amendments, and others. Manufacturing of synthetic gypsum facilitates some optimistic environmental and economic aids. The global synthetic gypsum market is expected to witness sustainable development during the forecast period, owed to increased demand from the construction industry. Suburbanization and growth in the agriculture sector is aiding market growth.

As per PMR analysis, the global synthetic gypsum market is projected to reach a market value of US$ 3.3 Bn by 2030, expanding at a CAGR of over 5% during the forecast period of 2020-2030.

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Key Takeaways from Synthetic Gypsum Market Study

• In terms of regional growth, Asia Pacific is the manufacturing hub for cement, and is anticipated to witness rapid growth in the global synthetic gypsum market.
• Drywall manufacturing is the most significantly growing application segment in this market in terms of synthetic gypsum consumption.
• Urbanization and growth in the agriculture sector for FGD gypsum, which is used as a fertilizer for improving soil amendment and crop productivity, are expected to push the growth of the synthetic gypsum market over the coming years.
• Rapidly growing demand for drywall and cement in the construction industry is expected to generate increased demand for synthetic gypsum.
• While the synthetic gypsum market is projected to grow at a healthy pace, the ongoing COVID-19 pandemic is anticipated to have a significant negative impact on demand. This is expected to continue during 2020–21.

“Owing to the COVID-19 pandemic impact across the globe, the market in North America and Europe is expected to be impacted moderately, owing to less demand from end users. However, governments are likely to play a strong role over the coming months, as they are looking to create jobs and fuel the growth of the manufacturing sector in a strategic manner to avoid getting burdened with debt,” says a PMR analyst.

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Market Landscape Continues to Remain Moderately Fragmented

Key manufacturers in the synthetic gypsum market, such as LafargeHolcim, Compagnie de Saint-Gobain S.A., National Gypsum Properties LLC, Knauf Gips KG, Boral limited, PABCO Building Products, LLC, USG Corporation, American Gypsum, FEECO International, Inc., Synthetic Material LLC, Georgia Pacific Gypsum LLC, Gyptec IBERICA, and Delta Gypsum, are focused on strengthening their product portfolios and expanding their market footprints through the acquisition of smaller companies in the market.

Want to Know More?

Persistence Market Research has published a market research report on the synthetic gypsum market that contains global industry analysis of 2015–2019 and opportunity assessment for 2020–2030. The report provides insightful analysis of the synthetic gypsum market through different segments, namely product type, end use, and region. The synthetic gypsum market report also provides supply and demand trends, supply-demand scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the parent market.

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The next 10 years to see the Industrial Explosives Market spring up with green surprises

 The global sales of industrial explosives reached ~1,900,000 metric tons in 2018, as per the latest report of Persistence Market Research (PMR). The report particularly analyzes the Latin America industrial explosives market which has been estimated to reach revenues worth US$ 1 Bn by 2019 end. The market for industrial explosives in Latin America is projected to register ~5% CAGR during the forecast period, 2022-2029. The increasing depth of underground mining activities and an ascending number of tunnel construction and road development projects are expected to drive the demand for industrial explosives in Latin America.

The regional economy heavily relies on the mining sector for development which warrants healthy investments in mining and quarrying industries, thereby pushing the market growth.

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Rapid transition from open-pit mining to underground mining, and growing preference for blasting agents over conventionally used mechanical drills in tunneling activities are some of the factors anticipated to drive the demand growth of industrial explosives in this region during the forecast period. However, challenges posed by raw material prices on a higher side and stringent government regulations on the use of industrial explosives are expected to remain key barriers to rapid market growth in the foreseeable future.

Blasting Agents Remain Sought-after

Mining is one of the primary economic growth contributors in several Latin American countries. Flourishing mining sector in countries like Brazil, Peru, Mexico, and Argentina is expected to create healthy demand for industrial explosives in the Latin American region. Government and mining firms in these countries are focusing on tapping on major mineral resources through mining and quarrying to drive the economic growth of the respective countries in order to enhance and maximize development. For instance, in January 2015, the government of Peru invested approximately US$ 62 Bn on mining projects to increase the extraction capacity of minerals including zinc, copper, and gold. Such initiatives by local governments are anticipated to drive the growth of the industrial explosives market in the region.

Blasting agents are anticipated to witness significantly higher demand as compared to high explosives in the industrial explosives market. The segment is also estimated to grow at a higher CAGR over the forecast period, owing to the high demand from infrastructural projects and mineral extraction activities in the region. In terms of end use, the mining segment is anticipated to account for over 80% of the total demand for industrial explosives in terms of volume, throughout the forecast period.

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Domestic Players Account for 50% Market Share

PMR’s analysis of the competition landscape of Latin America industrial explosives market reveals the competitive structure and offers actionable insights on the most preferred developmental strategies of prominent market players. The global industrial explosives market is estimated to be significantly consolidated with leading domestic manufacturers accounting for more than 50% of the total market share. Some of the key players identified in the Latin America industrial explosives market are AEL Mining Services, Enaex S.A., ORICA Ltd., MaxamCorp Holding S.L., Exsa S.A, and Austin Powder Company.

Use of nitrogen-based industrial explosives has been a resurging trend in the Latin America industrial explosives market. Mining companies are deploying the use of nitrogen compound-based explosives due to their cost effectiveness and their stable behavior. Nitrogen compound-based explosives such as ANFO (Ammonium Nitrate Fuel Oil) are relatively stable in nature as compared to other explosives as they need a detonator for their initiation. Moreover, such explosives are cost effective which has been driving the market players in the industrial explosives market to actively develop nitrogen-based explosives in order to turn in greater profit margins and deliver a product that is desirable to the consumers.

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Decline in Demand of Aluminum Sulfate Market to Hinder Revenue Growth During the Forecast Period

 Persistence Market Research’s newly published market report titled “Aluminum Sulfate Market: Global Industry Analysis and Forecast 2018-2026,” examines the aluminum sulfate market and offers crucial market insights for the next eight years. According to the report, the water treatment segment of the aluminum sulfate market, by application, is expected to dominate the market, accounting for around 40.4% share of the overall market value by 2026 end while registering a CAGR of 3.1% during the forecast period (2018 – 2026).

The estimated value of the global aluminum sulfate market in 2018 is expected to be US$ 1,741 Mn and the market is projected to reach US$ 2,214 Mn by the end of 2026.

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Global Aluminum Sulfate Market Dynamics

The global aluminum sulfate market is estimated to be driven by growing demand from the rapidly growing wastewater plants & paper and pulp industry. Also, progress pertaining to increase in demand for food additives among customers is expected to result in demand rise in the aluminum sulfate market. Major players involved in the aluminum sulfate market are channelizing efforts to inculcate advanced process developments and strengthen their production infrastructure to make the available products more pure. This will encourage sales volume growth of aluminum sulfate across regions. Moreover, emphasis on mergers and acquisitions in end-use industries is also expected to gain momentum during the forecast period, thereby further pushing the growth of the global aluminum sulfate.

Aluminum sulfate finds a wide range of applications due to its physiochemical properties. It has commercial as well as industrial applications. In terms of commercial applications, aluminum sulfate is applied in poultry farms to lower the pH of litter and thus, decrease ammonia volatilization. The annual global demand for chickens is around 90 Million Tons. Thus, the poultry market is witnessing huge demand, which is expected to rise further in the coming years. This, in turn, will push the growth of the global aluminum sulfate market in future.

According to a UN-Water report, of the total water available on the Earth’s surface, only 0.5% is fresh water, which can be used for consumption and 60% of this available freshwater is unevenly distributed, with a major share concentrated among ten countries of the world.  Thus, many regions suffer from water scarcity and water stress. The ever-rising demand for fresh water will drive the growth of the water treatment chemicals market, which in turn, is estimated to create opportunities for the global aluminum sulfate market during the forecast period.

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Global Aluminum Sulfate Market Forecast

On the basis of application, the water treatment segment is expected to witness highest growth, in terms of volume, during the forecast period. As per the forecast, the water treatment segment is scheduled to account for more than 41.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of aluminum sulfate in various industries.

On the basis of region, China is anticipated to dominate the global aluminum sulfate market throughout the forecast period. The region’s market is expected to expand at a CAGR of around 3.3% during the forecast period. SEA region is anticipated to display relatively higher market CAGR during the forecast period in the global aluminum sulfate market. These two regions coupled with Europe are expected to register attractive growth rates in the global aluminum sulfate market during the forecast period.

Global Aluminum Sulfate Market Competitive Landscape

Some of the players reported in this study on the global Aluminum sulfate market are Chemtrade Logistics Inc., Nippon Light Metal, kemira jye, GEO Specility chemicals, GAC chemical, Affinity Chemical, Nankai Chemical Co., Ltd., Affinity Chemical LLC, C&S Chemicals, Inc., USALCO LLC, Drury Industries Ltd and Feralco AB

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Opportunity Assessment of North America Paints And Coatings Market Reveals Profitable Avenues for Manufacturers

 Ever since paint was first used in the Stone Age, the paints and coatings market has come a long way. The paints and coatings market, to be successful and flourishing, relies heavily on innovation and never-ending technological advancement. The latest advancements in the paints and coating industry preparation and application are pushing the boundaries further- preparing to use paint in bigger and better ways. From focus on innovating paints to control temperature to using nanotechnology, over the years, the paints and coatings market has witnessed a surge of technological advancements and innovations. Raw material and paint and coatings manufacturers are continually working on developing ‘intelligent paints’.

Color Trends in Fashion to Define Paints and Coating Pigments Innovation

One area, also the most important, where consumers are directly tied to the paints and coatings technology is- Color. According to industry experts, color trends, particularly in fashion, have a direct impact on the color popularity and influence the paints and coatings companies. Besides just affecting the styling efforts of that particular pigment as well as coating compositions, paints and coatings companies then aim to create the varied effects seen with new color trends in fashion and other more obviously consumer focused end-markets.

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Manufacturers aim towards ‘Zero VOC’

With access to immense information, consumers are now interested in the potential environmental and health impacts of the chemicals used to make paints and coatings. This is driving manufacturers to innovate paints and coatings having less or zero chemicals and some of the recent innovations incorporate paint being made from organic or recycled materials. For instance, 50% of the top architectural paint companies in North America have [near] zero VOC emission.

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Brick-and-mortar businesses are now transforming into click-and-mortar; online customer behavior used for product personalization

Many company owned web-applications exist for smart phones which are continually being used as a strong platform to log a request for painting, registering complaints or even gathering insights about consumer behavior. The rise of E-markets is one of the major trends observed in the decorative paints market, which gives customers the ease to order product from their home. This trend has been captured by key players in the paints and coatings market-who are now leveraging advanced web analytics and personalization technology to understand the online behavior to present the right type of paints to the consumers- in line with their preferences.

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Paints and Coatings to get a facelift using time-tested Nanotechnology

Other than playing a significant role in developing zero or low VOC content formulations, nanotechnology has proved to be extremely beneficial for manufacturers in the paints and coatings market. The recent innovations in nanotechnology have enabled manufacturers to develop products that have UV protective, self-healing properties, and can even conduct electricity. Apart from these, using advanced nanotechnology innovations increase resistance to scratch, wear and tear, and corrosion.

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C5 C8 Normal Paraffin Market 2022 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2031

 The need to increase fuel efficiency and capacity is one of the primary concerns of the oil and gas industry. Isomerized gasoline with a high octane number helps oil refineries meet the needs of the gasoline blending sector. C5-C8 normal paraffin is a carbon compound that is produced by oil refineries in the atmospheric distillation unit or ADC and is consumed in order to increase the octane number and capacity of the gasoline. As a result, gasoline blending is the key application of C5-C8 normal paraffin. This product is at present not available readily in the market and producers of C5-C8 normal paraffin are emphasizing on developing their business overseas and collaborating with distributors across the globe. The development of derivative products is another key focus area of manufacturers of C5-C8 normal paraffin.

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Growing demand for iso-C5/C6 compounds for gasoline blending is anticipated to drive the market over the course of the forecast period. The surging demand for several chemical intermediates that find applications in chemical, polymer, paints and coatings, and agrochemical industries, among others is expected to augur well for the growth in consumption of C5–C8 normal paraffin.

A report by Persistence Market Research (PMR) states that the global C5-C8 normal paraffin market will witness a CAGR of 3.2% from 2018 to 2026. The market is expected to touch a valuation of US$ 48,736.6 Mn by the end of 2026 from US$ 36,811.1 Mn recorded in 2017.

Stable Rise in Global Vehicle Parc to Trigger Demand for C5-C8 Normal Paraffin

Automotive sales has been gaining traction post the global slowdown. Based on statistics published by Organisation Internationale des Constructeurs d’Automobiles (OICA), automobile production has been growing at a rate of around 3% annually since 2012. Global automobile production stood at 95 million units in 2016, comprising both passenger and commercial vehicles, growing steadily to 97 million units in 2017. Among the vehicle fleet, gasoline vehicles account for a large share in the global market.

This can be attributed to the fact that gasoline with a high octane number provides better fuel efficiency and high reliability and has an anti-knocking property, which increases the performance of the vehicle with complete combustion of fuel. To comply with fuel specifications, especially the octane number range recommended by the governments of developed and developing countries, the demand for high octane gasoline fuel is expected to increase, which in turn will drive the demand for iso C5/C6 compounds. With a significant number of gasoline fueled vehicles plying the roads, the demand for high octane gasoline is expected to increase, which in turn is expected to drive the C5–C6 normal paraffin market over the forecast period.

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Growing Preference for Eco-friendly Alternatives to Restrict Adoption

In the last couple of years, it has been observed that various end-use industries are focusing on the use of chemical compounds and solvents, which are relatively less toxic, to ensure human and environmental safety. This trend can be attributed to the stringent regulations imposed by the governments of developed regions such as North America and Europe against the manufacturing and use of solvents. Awareness regarding the use of harmful conventional solvents has witnessed a steady increase. The preference for cleaner and greener alternatives is expected to witness steady growth during the forecast period. This changing preference towards environment-friendly alternatives may hamper the growth of the C5-C8 normal paraffin market in the coming years.

Company Profiles

• ExxonMobil Corporation
• BP Plc
• Royal Dutch Shell plc.
• China Petroleum & Chemical Corp (Sinopec Corporation)
• Phillips 66 Company
• Calumet Specialty Products Partners, L.P.
• Indian Oil Corporation Ltd
• Sasol Ltd
• Spanish Oil Company (CEPSA)
• Petrobras
• Rompetrol Rafinare SA
• Thai Oil Public Company Ltd
• Bharat Petroleum Corporation Limited
• The Linde Group
• Air Liquide S.A.
• Neste Oyj
• Oil Co. Lukoil PJSC
• Ergon Inc.
• Junyuan Petroleum Group
• Liaoning Yufeng Chemical Co., Ltd.
• Beyond Industries (China) Limited
• Jilin Beihua Fine Chemical Co., Ltd.
• Puyang Zhongwei Fine Chemical Co., Ltd.

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