Aseptic Packaging Market To Reach $85.47 Billion By 2024

The global Aseptic Packaging Market is expected to reach USD 85.47 billion by 2024, according to a new report by Grand View Research, Inc. Aseptic packaging allows the end –users to meet the consumer demand for sterile and safe food and pharmaceutical products. The technology offers extended shelf stability at ambient temperature, which eliminates the need for refrigeration. As a result, aseptic packaging is expected to witness high demand from the foodservice entities and retailers.

The aseptic packaging manufacturers supply their product either in the form of rolls or blanks. The roll-fed filling technique dominates the market and has been adopted by the major manufacturers such as Tetra Pack. Whereas, companies such as Elopak and SIG have adopted the blank filled systems. These two technologies are not interchangeable since the process and equipment associated with these two methods are different. As a result, buyers are unable to switch from one process to other. High capital investment is likely to be a key restraining factor for the industry.

Investment, Divestment, capacity expansion and new product development are the key strategies adopted by the major players in order to strengthen their position in the market. The industry players are likely to invest more on R&D and innovation owing to continuously changing demand from end-users in terms of product quality, performance, and appearance. The major manufacturers are likely to adopt acquisition strategies in order to meet the rising consumer demand and cope with the new technologies.

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Further key findings from the report suggest:

• The food was the key application segment for the industry and is expected to grow at a CAGR of over 11% over the next eight years. The process is carried out at lower temperatures. Thus the texture, appearance, flavor and nutritional value of the products remains unaffected. In addition, light weight and recyclability offered by aseptic packaging are expected to have a positive impact on the industry growth over the forecast period.
• Prefilled syringes demand in the industry was valued over 4.5 billion in 2015 and is expected to grow at a CAGR of over 11% from 2016 to 2024. Advances in biotechnology and rising demand for biologics is anticipated to drive demand over the eight years. The technology offers safety against drug degradation and contaminants. Furthermore, it eliminates the need for refrigeration and thus lowering the cost associated with the maintenance of the product.
• Asia Pacific is expected to be the fastest growing market owing to rapid growth of food and beverage packaging sector in the region. China was the largest market for aseptic packaging in Asia Pacific and accounted for over 50% of the regional demand in 2015. Increasing consumer disposable income and changing dietary habits in countries such as India, China, Japan, and Korea are expected to raise demand for packaged ready-to-eat meals, frozen meat, and juices, which is anticipated to have a positive impact on the industry growth over the projected period.
• The key players in the industry are The key players in the market include Robert Bosch GmbH, Tetra Pak International S.A., Greatview Aseptic Packaging Co., Ltd., Schott AG, SIG Combiboc Obeikan, Reynolds Group Holdings Limited, and Agropur Inc.

Stretch And Shrink Film Market Worth $18.46 Billion By 2024

The global Stretch and Shrink Film Market is expected to reach USD 18.46 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for the light-weight material for industrial packaging is expected to drive growth for the product over the forecast period. The demand is expected to be driven by superior packaging properties such as improved printability, easier application and robust package sealing capabilities of the films.

The introduction of superior shrink and stretch film materials such as linear low-density polyethylene (LLDPE), extended polyethylene (EPE) and High-Density Polyethylene (HDPE) is expected to further strengthen the pallet holding abilities of the films. In addition, the development of bio-degradable stretch and shrink films by the leading manufacturers in a bid to counter the challenges of film disposal is expected to drive the demand over the next eight years.

The low weight of the product results in a substantial decrease in the transportation cost thereby elevating the profit margins, resulting in the higher adoption of such packaging materials by the leading end-use industries.

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Further key findings from the report suggest:

• LLDPE is expected to witness robust growth, growing at a CAGR of over 5% from 2016 to 2024. The demand for LLDPE was driven by superior pallet unitization characteristics of the LLDPE shrink films. The LLDPE resin based stretch films are expected to grow owing to the increased damage resistance during product transportation.
• Stretch and shrink film hoods are expected to register highest growth rate, growing at a CAGR of more than 5% from 2016 to 2024. The growth is expected to be driven by increasing demand for hoods in industrial packaging and consumer goods packaging. Also, ease of packaging achieved by stretch and shrink film hoods are is expected to drive the demand for the product over the forecast period.
• Sleeves and labels accounted for over 40% of the global shrink films market in 2015 and are expected to witness robust growth on account of rising demand for the product in the beverage industry. Also, easier product marketing and branding owing to the ease of application of the labels onto the bottle is expected to attract major beverage manufacturers towards the product segment.
• Food and beverages application accounted for 40% of the overall revenue driven by the increasing demand for high strength, low weight packaging materials. In addition, ease of packaging material sterilization is expected to drive the demand for stretch films for food packaging.
• The demand for the industry in Asia Pacific was valued at over USD 4 billion in 2015 owing to rapid growth of the application industries such as food & beverage and consumer goods. In addition, growing import and export activities by the developing economies such as India and China are expected to drive the demand for low weight packaging material for pallet unitization of industrial goods.
• Major industry players resort to mergers & acquisitions (M&A) as well as capacity expansions to cater to the growing demand. Furthermore, companies including Sigma Plastics Group and Berry Plastics Corporation have acquired companies to expand their market presence.

Food Coating Ingredients Market Size Worth $5.52 Billion By 2025

The global Food Coating Ingredients Market is expected to reach USD 5.52 billion by 2025, according to a new report by Grand View Research, Inc. Growing food & beverage industry along with the growing popularity of fast food restaurants across various age groups has been a major factor driving the market growth. 

Food coating is a part of food processing activity and is used to improve the product’s structure, taste, and texture. The process involves keeping the product moving while applying the coating ingredient in a specific pattern. These coatings not only help protect the underlying product but enhance the overall appeal and quality of the product.

The accelerating food processing industry is expected to bolster the growth of the product market. Moreover, the drift in the consumption patterns of the consumers and many of them opting for processed food, ready to eat and frozen foods is anticipated to drive the global food coatings market.

The global fast food market is anticipated to grow at a faster pace in the developing economies such as Asia & Africa. Increasing per capita income, fast-paced life coupled with the rising popularity of junk food amongst youngsters is anticipated to boost the market further.

Asia Pacific is estimated to be the fastest growing market owing to the growing processed food products demand, increasing disposable income and increasing population in this region. Furthermore, Europe is likely to hold around 30% of the market share by 2025.

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https://www.grandviewresearch.com/industry-analysis/food-coating-ingredients-market

Further key findings from the report suggest:

• The global food coating ingredients demand was 4,983.5 kilo tons in 2016 and is expected to grow at a CAGR of 5.6% from 2016 to 2025.
• Sugars & Syrups emerged as the largest product segment in 2016 and is projected to generate revenue over USD 1.7 billion by 2025.
• Global food coating ingredients demand in confectioneries was valued at USD 0.74 billion in 2016 and is estimated to witness the highest growth over the next few years.
• The U.S. food coating ingredients demand in bakery products was 316.2 kilo tons in 2015 and is projected to reach a total volume of over 540 kilo tons by 2025.
• Asia Pacific is likely to witness significant growth over the next few years owing to the growing processed food products demand, increasing disposable income and increasing population in this region. The regional market is expected to grow at a CAGR of 6.8% from 2017 to 2025.

Pharmaceutical Fine Chemicals Market Worth $153.7 Billion By 2025

The global Pharmaceutical Fine Chemicals Market is expected to reach USD 153.7 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for preventive healthcare is expected to be a major factor driving market growth. Utilization of pharmaceutical fine chemicals (PFCs) has increased on account of the increasing aging population across the globe. 

Cardiovascular is anticipated to the fastest growing application segment over the over the next eight years growing at an estimated CAGR of 8.4%. The occurrence of cardiovascular disease is on the rise owing to the unhealthy lifestyle of human beings. According to the World Health Organization (WHO), cardiovascular diseases are considered to be the prime cause of fatalities across the globe. The organization also states that cardiovascular diseases caused the death of approximately 17.7 million people in the year 2015. This number approximately represented 31% of the total deaths in the year 2015.

Obesity and an unhealthy lifestyle are some of the most important factors which lead to the occurrence of various diseases such as cardiovascular, neurological, oncological, infectious diseases, metabolic system, diabetes, respiratory, gastrointestinal, and musculoskeletal disorders. Eating junk food, leading unhygienic lifestyle, irregular timetable and many other unhealthy habits lead to diseases amongst human beings. Studies also show that males have more chance of contracting diabetes as compared to females. All these factors combined are thus anticipated to propel the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/pharmaceutical-fine-chemicals-market

Further key findings from the report suggest:

• The global pharmaceutical fine chemicals demand in terms of revenue was USD 78.2 billion in 2016 and is expected to grow at a CAGR of 7.9% from 2017 to 2025.
• Proprietary emerged as the largest type segment in 2016 and is estimated to generate revenue of USD 125.1 billion by 2025.
• Big molecules were the largest size segment in 2016 and is expected to grow at an estimated CAGR of 7.8% over the next eight years.
• Advanced intermediates is expected to be the fastest growing product segment over the forecast period growing at an estimated CAGR of 8.3%.
• Industry participants include Angelini Acraf S.p.A, Albermarle Corporation, Chemada Fine Chemicals, W.R. Grace & Co., and Kenko Corporation. These players have vertically integrated their operations to increase their market presence and thus gain competitive advantage in the market.

Long Chain Dicarboxylic Acid Market Size Worth $300.3 Million By 2025

The global Long Chain Dicarboxylic Acid Market is expected to reach USD 300.3 million by 2025, according to a new report by Grand View Research, Inc. Rising product use as LCDA applications such as nylon & other polyamide, powder coatings and lubricants will augment market growth over the next nine years.

The increasing use of long chain dicarboxylic acid as precursor in manufacturing of nylon & other polyamides, powder coatings, lubricants, adhesives, and corrosion inhibitors, applications will fuel the long chain dicarboxylic acid demand. Rising application scope of nylon & other polyamides in automotive and building construction is expected to propel long chain dicarboxylic acid growth over the forecast period.

Long chain dicarboxylic acid is employed as a key bio-based product for manufacturing in various applications. LCDA is an environmentally degradable product which makes its suitable for compliance with various regulatory norms laid by REACH and EPA in Europe and North America respectively.

High performance nylon & other polyamide used possess properties like high strength & stiffness, fatigue resistance, and broad temperature toleration. High performance nylon is widely used in infrastructure projects across various geographies of the world. The growth of above stated application segment is expected to fuel long chain dicarboxylic acid demand over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/long-chain-dicarboxylic-acid-market

Further key findings from the report suggest:

• Long chain dicarboxylic acid market is expected to witness the growth at a CAGR of 7.0% from 2016 to 2025 due to its biodegradability, which also offers environmental advantage.
• Pharmaceuticals as an application of LCDA will witness the fastest growth in terms of revenue at a CAGR of 8.7% from 2016 to 2024 owing to its superior bio-based properties.
• North America market is expected to witness significant growth and was estimated at over USD 43 million in 2015 on account of rising infrastructure development and growing automotive industry.
• Key participants include Cathay Industrial Biotech Ltd., Shandong Hilead Biotechnology Co., Ltd, Invista B.V, Zibo Guangtong Chemical Co., Ltd., and Evonik Industries AG
• Key companies in the market are focused on increasing their global presence through mergers & acquisitions and plant expansions.
• In June 2016, Cathay Industrial Biotech Ltd. announced capacity expansion for bio-based products that include long chain dibasic acids, bio-pentane diamine (DN5), and bio-polyamide (bio-PA).
• In October 2016, Invista opened a new 2,15,000-ton capacity hexamethylene diamine (HMD) plant and a 1,50,000-ton capacity polymer plant in China.

Fragrance Fixatives Market Size To Reach $1.79 Billion By 2025

The global Fragrance Fixatives Market is projected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of aroma chemicals and essential oils has contributed to industry growth, especially in emerging economies with rising income levels. Fixatives are used across distinct industries including fine perfumery, skincare, homecare, and haircare. Moreover, the therapeutic effects of scents and rising popularity of customized & celebrity perfumes has positively influenced demand over the last few years.

Technological advancements have fostered new synthetic substitutes for natural, animal-derived fixative compounds, thereby meeting sustainability criteria and environmentalist concerns. The market for innovative, long-lasting scents has also expanded considerably in developing regions, providing ample growth opportunities to manufacturers.

Sclareolide is anticipated to grow at a CAGR of 4.0% from 2016 to 2025. It is widely used in fine perfumery, skincare and haircare products to prolong the effect & reduce rapid evaporation. The product has emerged as an inexpensive substitute for ambergris, which originates from the intestines of the endangered sperm whale.

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https://www.grandviewresearch.com/industry-analysis/fragrance-fixatives-market

Further key findings from the study suggest:

• The fragrance fixatives market volume was nearly 5.60 kilo tons in 2015 and is projected to grow at a CAGR of 1.9% from 2016 to 2025.
• Iso E Super was the dominant product and accounted for over 30% of volume share in 2015. Increasing demand from end-use segments such as skin & haircare and color cosmetics owing to its odor-prolonging characteristics is anticipated to drive demand.
• Fine fragrances were the dominant end-use for these compounds. Several multinational players in the industry are extensively involved in new product development to gain a competitive advantage and extend their global reach.
• Skincare is expected to be the fastest-growing end-use with an expected CAGR of 4% in terms of revenue from 2016 to 2025.
• Europe dominates the regional industry and contributes over 43% to the global revenue.
• Rising affluence levels in countries such as India, Vietnam, and Thailand have translated directly into higher spending on luxury perfumes and high-end cosmetics. This has driven industry growth to a large extent in Asia Pacific, with regional CAGR estimated at 4.1% in terms of revenue.
• Major companies operating in the industry are Eastman Chemical Company, Tokos B.V., Lotioncarfter LLC, Paris Fragrances Cosmetics E Supplies, SVP Chemicals Pvt. Ltd., Synthodor Company, PFW Aroma Chemicals, and Zaki.

Ethyl Levulinate Market Worth $11.8 Million By 2022

The global Ethyl Levulinate Market is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market. 

Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development. Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period. 

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https://www.grandviewresearch.com/industry-analysis/ethyl-levulinate-market

Further key findings from the report suggest:

• Global ethyl levulinate market demand was 32.4 tons in 2014 and is expected to reach 49.1 tons by 2022, growing at a CAGR of 5.3% from 2015 to 2022
• Fragrances market is expected to witness the fastest growth at an estimated CAGR of 5.7% over the forecast period. This growth can be attributed towards rapid development of personal care industry particularly in emerging economies of Asia Pacific and Latin America. Recent advances by pharmaceutical industries that use fragrances to reduce stress and depression among people is also expected to assist the market over the forecast period.
• Asia Pacific emerged as the leading regional market and accounted for over 30% of the total market in 2014.Countries such as India and China are anticipated to lead their regional market over the next seven years. Rising urbanization along with dynamic lifestyle among consumers in the region is expected to create ample opportunities for ethyl levulinate.
• Changing consumption pattern among people in developing region such as Middle East & Africa and Central & South America is expected to assist the overall market over the next seven years.
• Major ethyl levulinate market participants include Sigma Aldrich, Alfa Aesar, Oakwood Products., Inc, Indukern F&F Ingredients Division, Tokyo Chemical Industry Co., Ltd, Axxence Aromatic and Ventos. The market is oligopolistic in nature and there is a high threat for new entrants to enter the market over the forecast period. Potential applications such as diesel miscible bio-fuel are expected to positively affect the market. 

Salicylic Acid Market Size To Reach $547.5 Million By 2024

The global Salicylic Acid Market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations.

The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period.

However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) to enforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years.

The global salicylic market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated into their operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol.

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https://www.grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis

Further key findings from the report suggest:

• The cosmetics application segment of salicylic acid is expected to grow at a CAGR of over 7.0% from 2016 to 2024. Increasing demand for cosmetic products across Europe, North America and Asia Pacific coupled with increasing self-prescription of these products for the treatment of mild skin disorders is expected to augment growth over the forecast period.
• Salicylic acid demand in food & preservative application was valued at over USD 90.0 million in 2015. The product is extensively used in manufacturing other salicylates including methyl and ethyl salicylates. Rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected to augment food preservatives market, which in turn is likely to augment growth over the forecast period.
• Asia Pacific is expected to witness the highest growth as compared to other regions, growing at over 9.0% from 2016 to 2024 Positive food and pharmaceutical industry outlook in China, India, Japan and South Korea is expected to augment demand over the projected period.
• In North America, the U.S. accounted for the consumption of more than 16,000 tons of salicylic acid in 2015 owing to shelf-life extension solutions in food and beverages applications. Furthermore, increasing use of preservatives by major food and beverage manufacturers including Cargill Foods, Tyson and Heinz located in the U.S. is expected to augment the demand over the forecast period.
• Key players in the industry include Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

Emission Control Catalyst Market Worth $11.1 Billion By 2024

The global Emission Control Catalyst Market is expected to reach USD 11.09 billion by 2024, according to a new report by Grand View Research, Inc. Improving application of three-way oxidation-reduction converters in automotive applications is expected to drive market growth. Stringent environment regulations aimed at reducing carbon emissions in the major markets including U.S., Germany, India and Japan is projected to have a favorable impact on the market over the forecast period.

Increasing energy requirement from household and industrial sectors emerging economies including China and India coupled with favorable policies for the implementation of solutions to reduce emission is expected to fuel the demand for catalysts.

The automotive sector is expected to foresee growth at a CAGR of 4.3% from 2016 to 2024, in terms of volume. The emergence of Mexico as an automotive production destination on account of rising domestic demand for passenger and commercial vehicles along with proximity to the U.S. is expected to increase the application of emission reduction catalyst over the next eight years.

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https://www.grandviewresearch.com/industry-analysis/emission-control-catalyst-market

Further key findings from the report suggest:

• Global emission control catalyst demand was 1,978.0 kilo tons in 2015 and is anticipated to reach 2,900.4 kilo tons by 2024, expanding at a CAGR exceeding 4.0% from 2016 to 2024.
• Rhodium-based emission reduction catalyst is expected to foresee growth at a CAGR of 4.3% from 2016 to 2024. Natural adaptive features with other metals including platinum and palladium coupled with high market visibility in the catalyst industry is expected to promote the usage of the product.
• Industrial applications contributed to 15.1% of the global volume share in 2015. Rapid industrialization, particularly in emerging economies of Asia Pacific and Latin America, coupled with rising awareness regarding ecology preservation is expected to bolster the demand for emission control catalyst over the forecast period.
• Latin America is projected to foresee volume growth at a CAGR of 4.2% from 2016 to 2024. The presence of numerous oil & gas production facilities in Brazil and Venezuela in light of the high prevalence of offshore petroleum basins is expected to promote the number of installations of power plants. This factor is expected to drive the Latin America emission control catalyst market over the next eight years.
• Major emission control catalyst manufacturers include Johnson Matthey, BASF, Solvay, Umicore, Clariant and Corning Incorporated. Increasing expenditure on R&D and establishment of strategic partnerships with buyers including catalytic converter vendors is expected to remain a critical success factor over the next eight years.

Food Colorants Market is expected to reach USD 2.46 billion by 2020

Global Food Colorants Market is expected to reach USD 2.46 billion by 2020, according to a new study by Grand View Research, Inc. Food colorants demand is expected to grow with increasing applications in confectionery and bakery items, medicines and pharmaceutical drugs, beverages, cosmetics and toiletries, meat, sea food and pet food. Rising consumer awareness for natural ingredients is expected to drive natural colorant demand over the next six years.

Dairy foods were the largest application market for food colorants, with demand estimated at 19,154.5 tons in 2013. Food colorants are added in foodstuffs to retain color lost during processing which adds appeal to the product. Food colorants are also extensively used in beverages, particularly CSDs & non alcoholic kinds, in order to make the product visually more attractive to the younger population. 

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https://www.grandviewresearch.com/industry-analysis/food-colorants-market

Further key findings from the study suggest:

• Global food colorants demand was 51,510.0 tons in 2013 and is expected to reach 67,724.0 tons by 2020 growing at a CAGR of 4.0% from 2014 to 2020.
• Synthetic food colorants were the largest product segment, with demand estimated at 17,907.7 tons in 2013; owing to increased consumption of processed foods which use synthetic colors in emerging markets.
• Europe was the largest regional market for food colorants, with revenue exceeding USD 590 million in 2013. Increased consumer preference towards functional foods and beverages, particularly with natural or organic colorants is a key factor responsible for the regional market growth.
• Dairy and non dairy food applications are expected to be the fastest growing application markets, at an estimated CAGR of 4.1% from 2014 to 2020. Increasing demand for foods containing natural products is expected to drive demand for the application.
• Key Companies in the market include CHR. Hansen, Danisco, BASF, DSM, and Sensient Technologies Corporation. The global market is significantly consolidated with somewhat oligopolistic characteristics. While the market is expected to continue moving towards consolidation, R&D spending is expected to increase as participants focus on naturally derived food colorants with nutraceutical benefits.

Americas Coating Additives Market Worth $2.35 Billion By 2024

The Americas Coating Additives Market is expected to reach USD 2.35 billion by 2024, according to a new report by Grand View Research, Inc. The American architectural industry has witnessed significant growth in the past few years and is expected to continue in the near future. The automobile industry is also anticipated to join the league with comparatively less influence on product demand over the next eight years. Industries including the oil and gas, marine, industrial processing, and wood & furniture in the region are also expected to add to the market value in the near future.

Water borne additives had the highest market penetration while accounting for over 49% of the total demand in 2015. Increasing infrastructure spending, particularly in the residential & commercial sectors is anticipated to steer product demand over the next few years. The favorable regulatory scenario in the region coupled with shifting consumer preference towards low-VOC content in paints and coatings may be attributed to the high growth in the segment.

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https://www.grandviewresearch.com/industry-analysis/americas-coating-additives-market

Further key findings from the report suggest:

• The Americas coating additives market demand was 348.6 kilo tons in 2015 and is anticipated to grow at a CAGR of 3.8% from 2016 to 2024 to reach a net volume exceeding 480 kilo tons by 2024
• Waterborne flow additives are expected to account for over 17% of the regional revenue by 2024. Growing demand for easy flow and leveling over wooden and plastic surfaces is anticipated to drive the segment growth over the next eight years.
• Solvent borne defoaming agents demand in Brazil is anticipated to grow at a CAGR of over 3% over the forecast period. Increasing demand for deaerating automotive, industrial, wood, and furniture coatings is expected steer product demand over the next few years.
• Matting agents demand in Canada was 1.46 kilo tons in 2015. Surging demand for gloss effect and enhanced durability of decorative applications is expected to enhance product consumption in the region.
• Product demand for architecture segment in Mexico is expected to generate revenue exceeding USD 80 million by 2024. Collaborations with various designers from Brazil, Italy, and the UK for developing creative infrastructure models for residential and commercial sectors, which in turn, is anticipated to drive market growth in the region.
• The Americas coating additives market comprises a large number of integrated companies having immense experience in the industry and large client base globally. Some of the leading players include AkzoNobel NV, Ashland, Elementis Plc, The Lubrizol Corporation, The Eastman Chemical Company, and BYK-Chemie GmbH.  

Long Chain Dicarboxylic Acid Market Size Worth $300.3 Million By 2025

The global Long Chain Dicarboxylic Acid Market is expected to reach USD 300.3 million by 2025, according to a new report by Grand View Research, Inc. Rising product use as LCDA applications such as nylon & other polyamide, powder coatings and lubricants will augment market growth over the next nine years.

The increasing use of long chain dicarboxylic acid as precursor in manufacturing of nylon & other polyamides, powder coatings, lubricants, adhesives, and corrosion inhibitors, applications will fuel the long chain dicarboxylic acid demand. Rising application scope of nylon & other polyamides in automotive and building construction is expected to propel long chain dicarboxylic acid growth over the forecast period.

Long chain dicarboxylic acid is employed as a key bio-based product for manufacturing in various applications. LCDA is an environmentally degradable product which makes its suitable for compliance with various regulatory norms laid by REACH and EPA in Europe and North America respectively.

High performance nylon & other polyamide used possess properties like high strength & stiffness, fatigue resistance, and broad temperature toleration. High performance nylon is widely used in infrastructure projects across various geographies of the world. The growth of above stated application segment is expected to fuel long chain dicarboxylic acid demand over the forecast period.

To request a sample copy or view summary of this report, click the link below: 

https://www.grandviewresearch.com/industry-analysis/long-chain-dicarboxylic-acid-market

Further key findings from the report suggest:

• Long chain dicarboxylic acid market is expected to witness the growth at a CAGR of 7.0% from 2016 to 2025 due to its biodegradability, which also offers environmental advantage.
• Pharmaceuticals as an application of LCDA will witness the fastest growth in terms of revenue at a CAGR of 8.7% from 2016 to 2024 owing to its superior bio-based properties.
• North America market is expected to witness significant growth and was estimated at over USD 43 million in 2015 on account of rising infrastructure development and growing automotive industry.
• Key participants include Cathay Industrial Biotech Ltd., Shandong Hilead Biotechnology Co., Ltd, Invista B.V, Zibo Guangtong Chemical Co., Ltd., and Evonik Industries AG.
• Key companies in the market are focused on increasing their global presence through mergers & acquisitions and plant expansions.
• In June 2016, Cathay Industrial Biotech Ltd. announced capacity expansion for bio-based products that include long chain dibasic acids, bio-pentane diamine (DN5), and bio-polyamide (bio-PA).
• In October 2016, Invista opened a new 2,15,000-ton capacity hexamethylene diamine (HMD) plant and a 1,50,000-ton capacity polymer plant in China.

Flexible packaging market size to grow at 4.7% CAGR from 2015 to 2022

Global Flexible Packaging Market was estimated at 19,800 kilo tons in 2014. Increasing population in developing countries namely India and China are expected to result in the rise in demand for food, thus leading to the growth of the market. Advantages of the product including variety in container packaging, less raw material, light weight and ease of disposal are anticipated to propel further growth.

Market players have been increasingly focusing on compact packaging which has led to the development of pouch and flexible segment over the past years. Furthermore, reduction in storage requirements, shifting consumer preference towards various packaging designs and styles, and lower shipping costs is expected to drive the market. However, fluctuation in raw material prices is expected to restrain growth over the next seven years.

Food & beverage accounted for approximately 80.0% of the overall market share in 2014. Growing demand for packaged food such as snack foods, cake mixes and ready-to-eat meals is expected to provide a platform for manufacturers to expand their production capacity, thereby increasing demand for the product over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/global-flexible-packaging-market

The pharmaceutical segment was the second largest application and accounted for over USD 16 billion in 2014. Frequent incidences of lifestyle-related diseases such as high blood pressure, obesity and diabetes amongst the working population mainly in BRICS is anticipated to intensify demand for pharmaceutical products, thus leading to growth in demand for flexible packaging over the next seven years.

Plastics and bioplastics are the principal raw materials used by manufacturers of flexible packaging. Use of bio-based PLA films in snack packaging and bakery & confectioneries have resulted in growing demand for numerous applications due to biodegradable nature and easy recyclability. The increasing use of plastics for the production of pouches, tetra packs, and bags owing to less raw material requirement and low costs are projected to have a positive impact on market growth.

In 2014, Asia Pacific contributed to over 35.0% of the overall share by volume. Establishment of numerous manufacturing units and food & beverage units in developing countries such as India and China, as a result of rapid industrialization, is expected to have a positive impact on the flexible packaging market over the forecast period.

Construction Chemicals Market Worth $67.61 Billion By 2024

The global Construction Chemicals Market is expected to reach USD 67.61 billion by 2024, according to a new report by Grand View Research, Inc. Construction chemicals were widely used in non-residential & infrastructure sector accounting for over 60% of the global revenue share in 2015. Upcoming projects such as Panama Canal expansion is expected to foster the market growth over the forecast period. 

Moreover, the global market was valued at USD 39.16 billion in 2015 and is projected to witness growth over the forecast period on account of rising residential and infrastructure activities in rapidly developing economies of Asia Pacific. Government initiatives in emerging economies such as India are also expected to fuel market growth. 

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https://www.grandviewresearch.com/industry-analysis/construction-chemicals-market

Further key findings from the report suggest:

• The global construction chemicals market demand was 33,309.2 kilo tons in 2015 and is projected to grow at a CAGR of 5.2% over the forecast period. They help in reducing the water and cement content in concrete, thereby bringing down the overall cost of the structure and reducing emissions. They impart properties such as cross-linking which results in increasing strength of the mortar.
• The market for concrete admixtures was estimated at USD 17.35 billion in 2015. Admixtures are mixed with cement, sand and water to impart specific properties to the base material such as durability. Most of the admixtures are available in a ready-to-use form and are added to the mortar at the construction site.
• Demand in Asia Pacific was 17,119.6 kilo tons in 2015 and is projected to witness tremendous growth on account of increased government spending on the infrastructure sector and rising opportunities for FDI in China and India. Increasing demand for industrial, transportation and commercial facilities is expected to drive growth.
• MEA is also projected to be a key market for construction chemicals over the forecast period. Infrastructure projects worth USD 172 billion have been planned in 2015 by various national governments in the region.
• Key industry players include BASF SE, Pidilite Industries Limited, FOSROC Chemicals India Private Limited, Sika AG, W.R. Grace & Company, Dow Chemical Company, RPM International Inc., Arkema S.A. and Mapei S.P.A. These companies focus on R&D for product development to enhance their portfolio.

Cresol Market Size Projected To Reach $795.7 Million By 2024

The global Cresol Market is expected to reach USD 795.7 million by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of cresol derivatives as a precursor in the production of antioxidants in personal care and chemical intermediates are expected to drive product demand over the next eight years. 

The ability of vitamin E to minimize risks associated with heart attack, chest pain, and joint pain is anticipated to steer cresols demand over the forecast period. Vitamin E is majorly used as an antioxidant to prevent clotting and blood sugar problems. BHT is another important antioxidant derived from cresol isomers that find significance in the food, cosmetics, and chemical industries. 

Ortho isomer derivatives are majorly used in agrochemical and pesticide industries. Agrochemical segment accounted for over 27% of global ortho-cresol market volume in 2015. Growing concern towards crop protection and pest control is expected to drive product demand in agrochemical industry. 

Growing concern towards food shortage can be attributed to the lack of synergy between crop production and surging food demand in various regions of Asia Pacific and Europe. The ability of ortho and meta isomer derivatives to enhance the performance of pesticides is anticipated to drive product demand as plant growth regulators over the long term. 

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https://www.grandviewresearch.com/industry-analysis/cresol-market

Further key findings from the report suggest:

• The global cresol market demand was 137.5 kilo tons in 2015 and is estimated to reach 187.1 kilo tons by 2024, growing at a CAGR of 3.5% from 2016 to 2024.
• para-Cresol emerged as the leading product segment and accounted for 39.1% of total revenue in 2014. The segment is estimated to reach a net worth exceeding USD 300 million by 2024.
• Global meta isomer & derivatives demand in electronic applications is expected to witness the fastest growth over the forecast period. The segment is anticipated to reach a total demand of 4.3 kilo tons by 2024.
• Asia Pacific was the leading reagional market with demand share estimated at 42.9% in 2015. The region is also expected to witness the highest growth of 4.0% over the forecast period.
• Key players operating in the industry include Sasol, Lanxess, SABIC, and Mitsui Chemical that have integrated the production of raw material, cresol isomers, and their derivatives. Other major industry participants include Atul Ltd., Datang Chemical, VDH Chemtech, Xiamen HiSunny, and Konan Chemical.

Squalene Market Is Expected To Reach $271.5 Million By 2024

The global Squalene Market is expected to reach USD 271.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period. Growing demand for male grooming products including skin care and anti-aging creams will promote industry expansion.

Increasing demand for dietary supplements in the U.S., China, India, Russia, Italy, and Brazil will drive the demand for squalene in food applications resulting in volume gains at a 10.7% CAGR from 2016 to 2024. Furthermore, several health benefits ranging from oxygen generation and superior immune response to cholesterol regulation and UV protection will fuel product demand over the forecast period.

Aging population, increasing self-diagnosis among general consumers, and growing awareness regarding preventative health care will create immense market potential over the upcoming years. The growth of the nutraceutical industry in various countries including France, China, India, Japan, Italy and the UK will lead to squalene market development. Increasing demand for vegetable-based products for cancer therapies will fuel market growth over the forecast period. 

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https://www.grandviewresearch.com/industry-analysis/squalene-market

Further key findings from the report suggest

• The global squalene market demand was 2,973.0 tons in 2015 and is expected to witness growth at a CAGR of 9.2% from 2016 to 2024.
• Synthetic squalene will see the highest revenue gains at a CAGR of 11.0% from 2016 to 2024 in light of rising usage in cosmetics owing to its superior moisturizing properties along with stable and consistent composition.
• North America market was valued at USD 24.6 million in 2015 and will show a significant rise in light of its rising demand in dietary supplements. Increasing focus towards maintaining a healthy lifestyle is expected to augment the demand for dietary supplements, in turn, bolstering squalene industry growth. Growing demand for pharmaceuticals owing to the prevalence of key players including Pfizer, Johnson & Johnson, and Merck & Co. along with rising R&D expenditure in the U.S. and Mexico will propel market growth.
• Latin America will witness significant revenue gains at a CAGR of 10.5% from 2016 to 2024 in light of rising demand for beauty products in Brazil, Colombia, Uruguay, Ecuador, and Chile. Rising disposable incomes, changing beauty trends & standards, along with increasing investment in personal care products will drive industry expansion over the next eight years.
• Key industry participants include Amyris Biotechnologies, AASHA BIOCHEM, EmpresaFigueirense De Pesca, Lda, Maruha Nichiro Corporation, Arista Industries Inc, Sophim and Nucelis LLC. In April 2015, Amyris Biotechnologies entered into a partnership with Squalan Natural Health B.V. to manufacture NeossanceSqualane for personal care products.

Specialty Polyamides Market Size To Be Worth USD 3.28 Billion By 2024

The global Specialty Polyamides Market is expected to reach USD 3.28 billion by 2024, according to a new report by Grand View Research, Inc. Rising utilization of eco-friendly nylon materials that offers high efficiency and protection to extend product durability is projected to boost market demand over the forecast period.

Growing environmental concern shave led to rise in interest to develop polyamides using renewable feedstock in recent times. Green benefits are not the only reasons for wide acceptance of specialty polyamides. In fact, it is claimed these polyamides can offer better performance than the conventionally made engineering thermoplastics.

Growing disposable income, high demand for low fuel combustion vehicles and strict implementation of regulations by the governing bodies such as EPA has led to increasing demand for these products. Companies such as Evonik Industries AG, BASF SE, Arkema SA, and E. I. du Pont de Nemours and Company have adopted expansion strategies to increase their presence in the market. Most of the companies have been heavily investing in R&D amenities to discover advanced and innovative special engineering nylons that are eco-friendly and easy to use, with less utilization of expensive & harmful raw materials.

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https://www.grandviewresearch.com/industry-analysis/specialty-polyamides-market

Further key findings from the report suggest:

• The global specialty polyamides market demand was 527.9 kilo tons in 2015 and is expected to exceed 840 kilo tons by 2024, growing at a CAGR of 5.6% from 2016 to 2024.
• Automotive & transportation emerged as the leading application segment with demand share exceeding 35% in 2015. Increasing demand for light weight vehicles on account of existing and proposed stringent governmental regulations regarding automotive pollution along with growing need for fuel-efficient vehicles is expected to drive this segment over the forecast period.
• Electronics & semiconductors are expected to witness brisk growth over the forecast period. Increasing utilization of electronic components made up of these polyamides for electronic equipment, as well as for trays and conveyer systems used in the manufacture of semiconductor chips is anticipated to benefit the overall industry consumption.
• Asia Pacific was the leading regional market and accounted for over 40% of global demand in 2015. The region is also expected to witness the highest growth of 6.1% on account of the growing demand for automobile components and electronics & other electrical products in China, Taiwan, and Japan.

Beta-Carotene Market Size Projected To Reach USD 621 Million By 2024

The global Beta-Carotene Market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc. Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market. 

The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products. 

Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.

Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.

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https://www.grandviewresearch.com/industry-analysis/beta-carotene-market

Further key findings from the report suggest:

• Beta-carotene can be derived from natural as well as synthetic sources. Natural sources include algae fruits & vegetable, fungus, palm oil, & more and synthetic source include petrochemical products.
• Algae was the leading source for beta-carotene and accounted for 37.9% of total market revenue in 2015
• Various benefits of natural sources over synthetic source is anticipated to drive the market for natural based beta-carotene
• North America and Europe together accounted for approximately 70% of the global consumption in 2015. North America and Europe are mature markets with a presence of largely experienced companies operating within them.
• Asia Pacific is expected to mark the highest growth of 4.6% over the forecast period. The region has been a remarkable growth in the food & beverages and cosmetics industries particularly in China and India. The growth of industries in Asia Pacific is believed to be the major factor for the rise in demand for beta-carotene in the region
• Key companies operating in the global market include DSM N.V. & BASF SE., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, D.D. Williamson & Co., Inc., BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Sensient Cosmetic Technologies, and Parry Nutraceuticals.

Polymer Gel Market Size Worth $7.93 Million By 2025 | CAGR: 5.7%

The global Polymer Gel Market is expected to reach USD 7.93 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.7% over the forecast period, owing to increasing personal care products consumption has been a major factor driving market growth. In addition, growing consciousness regarding the advantages of these products coupled with the trends of adopting smart farming techniques has led to the increased utilization of polymer gel in agricultural activities.

Demand for polymer gels is anticipated to witness promising growth during the forecast period on account of rapidly growing personal care market. Polymer gel is mainly driven by the demand from the personal care industry, as it has high absorbing capacity. The demand for polymer gel is expected to grow owing to the rising growth in various end-use industries in the Asia Pacific region.

Personal care was the largest application category in 2016 and is expected to maintain fastest growth rate over the forecast period. Agricultural applications are anticipated to grow at a CAGR of 5.5% from 2017 to 2025.

Polymer gels are widely used in manufacturing of diapers across the world. Rapidly expanding infant population coupled with rising awareness regarding personal hygiene are contributing towards demand for diapers. Moreover, rising participation of women in workforce and increasing disposable income is also supplementing demand for baby diapers, which in turn is driving the overall polymer gel market demand. 

To request a sample copy or view summary of this report, click the link below: 

https://www.grandviewresearch.com/industry-analysis/polymer-gel-market

Further key findings from the report suggest:

• The global polymer gel demand reached 2,126 kilo tons in 2016 and is expected to grow at a CAGR of 4.7% from 2016 to 2025. The key end-use industries include personal care, construction, agriculture, drug delivery system, and waste treatment.
• Personal care emerged as the largest application segment in 2016 and this trend is expected to continue over the forecast period. Polymer gel are widely used in personal care products as they act as an effective absorbent for water and other aqueous solutions. These products include baby & adult diapers and female hygiene products. 
• The U.S. polymer gel market in personal care was 331.6 kilotons in 2016 and is estimated to witness a lucrative growth over the forecast period. Robust growth in construction industry, on account of ongoing recovery in residential and commercial construction in the country, is expected to propel market growth over the forecast period. 
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies. The regional market is expected to grow at a CAGR of 6.6% from 2017 to 2025. The presence of various potential markets in the region such as Japan, China, South Korea, and India is fueling the demand for personal care products.
• Key market players include Saudi Arabian Amiantit Company, Enduro Composites, Inc., Ma’s Group Inc., FIMA Group Ltd., Sumitomo Seika Chemicals Co., Ltd, Nippon Shokubai Co., Ltd., LG Chemicals Ltd., Evonik Industries, BASF Corporation, Dow Chemicals and Chemxtex Speciality Limited.

Low Profile Additives Market Worth $1.7 Billion By 2025 | CAGR: 7.3%

The global Low Profile Additives (LPA) Market size is estimated to reach USD 1.71 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for low-shrinkage and surface-finished plastic products is likely to drive the market to expand at a 7.3% CAGR during the forecast period.

Demand for low profile additives is anticipated to witness significant growth over the coming years on account of an expanding automotive industry in Asia Pacific and North America.Increasing application of polyvinyl acetate (PVA) low profile additives in headlamp reflectors, lighting systems, and under the hood components is likely to drive market growth. On the down side, fluctuation in raw material prices is expected to hinder the growth of the market over the forecast period. Any increase in raw material prices could result in a surge in cost of production, thereby affecting LPA prices.

Most companies actively participating in the market have extensive production capacities and vast distribution channels across the globe. Manufacturers are involved in new product developments and expansion strategies such as mergers and acquisitions to strengthen their position.

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https://www.grandviewresearch.com/industry-analysis/low-profile-additives-lpa-market

Further key findings from the report suggest:

• By product, polyvinyl acetate is likely to register the fastest CAGR of 7.8%, in terms of revenue, due to significant increase in its usage to manufacture automotive parts such as headlamp reflectors, lighting systems, under the hood components, and LED lighting.
• By application, sheet & bulk molding is anticipated to register a CAGR of 6.5%, in terms of volume, from 2017 to 2025. This can be attributed to growing use in the manufacturing of automotive body panels, truck components, and semi-structural parts.
• Asia Pacific is expected to record a CAGR of 6.7%, in terms of volume, from 2017 to 2025. The rising middle class is likely to continue to drive the automotive sector, with new purchases and replacement of vehicles growing rapidly. This, in turn, is likely to fuel the LPA market in the region.
• The Japan LPA market is expected to be directly impacted by the automotive industry, given that it is one of the core industrial sectors in the economy. Demand for LPA in Japan is predicted to witness considerable growth over the coming years.
• Manufacturers are involved in new product developments and expansions. For instance, Wacker Chemie AG expanded its manufacturing facilities for dispersible polymer powders and dispersions in South Korea.