Tertiary Amines Market Size Worth $5.72 Billion By 2025

The global tertiary amines market size is projected to reach USD 5.72 billion by 2025, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth.

In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants.

Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies including China, India, Japan, and South Korea. The presence of key raw material suppliers and manufacturers with massive production capacities is expected to further propel the regional growth.

The personal care application is expected to record significant growth over the forecast period. The rapidly growing personal care industry in emerging economies, such as China and India along with the rising consumer preference for personal hygiene and skincare is expected to drive the demand for tertiary amines demand.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/tertiary-amines-market

Further key findings from the report suggest:

C-8 tertiary amine is anticipated to expand at a CAGR of 4.4%, in terms of revenue, from 2019 to 2025 as they are majorly used for manufacturing amine oxides and surfactants
Floatation reagents application segment is anticipated to hold a market share of 11.8% in 2025 on account of growing demand for the product in water treatment
The consumption of tertiary amines in petroleum end use is expected to register a CAGR of 4.7% from 2019 to 2025 backed by rising demand for drilling fluids
The Germany tertiary amines market is anticipated to exceed 47.6 kilotons by 2025 owing to the presence of major polyurethane foam manufacturers, such as BASF SE, Bauder, and Covestro
Some of the key market participants are Arkema, Lonza, Dow Chemical Co., BASF SE, Kao Corporation, and Albemarle Corporation

Canadian Oilfield Chemicals Market Size Worth $1.79 Billion By 2025

The Canadian oilfield chemicals market size is projected to reach USD 1.79 billion by 2025, registering a CAGR of 3.9% over the forecast period, as per a new report by Grand View Research, Inc. Growing exploration in the states such as Alberta, Newfoundland, British Columbia, and Manitoba is expected to promote the demand for chemicals used in the aforementioned processes.

The industry is characterized by the production of bio-based products which is expected to limit the demand for the oilfield chemicals. However, increasing complexity of the exploration processes coupled with the rise in the demand for oil in Mexico is expected to result in an increased demand for such chemicals over the forecast period.

The crude oil prices have been witnessing a steady decline due to overproduction and oversupply from OPEC members and North America, making the market less lucrative for E&P activities. As a result, the key players in the industry have adopted sustainable resolutions keeping in mind the long-term aids and the dominant regulatory situation

Large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil and oil sands is likely to drive the industry growth. In addition, high investments from multinational oil and gas majors such as Imperial Oil, ExxonMobil, and Suncor is expected to steer drilling activities over the forecast period which is further expected to drive growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/canadian-oilfield-chemicals-market

Further key findings from the report suggest:

The use of corrosion inhibitor in the country is expected to realize market revenues of USD 415.0 Million by 2025 on account of high concerns regarding scale removal and pipeline protection
The demand for oilfield chemicals in drilling is expected to grow at a CAGR of 3.9% from 2019 to 2025 on account of growth in the exploration activities driven by the demand for oil in North America
The demand for the products for onshore exploration accounted for a revenue share of 91.4% of the overall market on account of the presence of majority of the oil wells onshore
The segment development is mainly driven by the increasing E&P activities in unconventional reserves for shale gas, tight gas and CBM and large number of mature wells across the country
Some of the companies operating in the Canadian oilfield chemicals industry include BASF, Dow Chemical Company, Lubrizol Canada, Ltd., and are integrated across the value chain to provide a number of services

Paint Additives Market Size Worth $10.9 Billion By 2025

The global paint additives market size is expected to reach USD 10.9 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.0% during the forecast period. The industry is driven by growing demand from industrial and architectural segments. Paints and coatings are used in a wide range of applications in industries such as oil and gas, marine, aerospace, cookware and household, furniture, machinery, and automotive.

Currently, an increasing number of industry participants are moving toward manufacturing “green paints” – environment-friendly paints with zero volatile organic compound. This trend is primarily owing to a shift in consumer preferences, influenced by stringent regulatory policies. These aspects are expected to positively influence the market over the forecast period.

Increase in construction spending in emerging economies is expected to boost demand for various types of paints and coatings in the buildings and construction segment, consequently driving demand for paint additives. Surge in demand for paints and coatings, particularly powder-based coatings, is expected to benefit the overall product sector.

In terms of revenue, the architectural application segment held the largest share in 2016, accounting for 38.1% of the industry revenue that year. Increased use of waterborne paints and coatings in the construction sector is expected to fuel segment growth over the coming years, owing to the eco-friendly nature of these products.

Rise in demand for bio-based products and sustainable solutions, including amendments in regulations in the recent past, are major factors increasing the use of paints and coatings in various segments of the industry. Any change in government regulations and additive norms, especially regarding personal care and homecare products, is expected to significantly impact the economy of the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/paint-additives-market

Further key findings from the report suggest:

The paint additives market was estimated at USD 6.5 billion in 2016 and is projected to expand at a CAGR of 6.0% from 2017 to 2025, mainly owing to increasing demand from industrial and architectural applications
The architectural application segment is anticipated to register the highest CAGR of 7.1% from 2017 to 2025, on account of growing construction activities in developing countries, particularly in Asia Pacific and Central and South America
Rheology modifiers emerged as the largest product segment in terms of revenue in 2016; the segment is estimated to reach close to USD 3.0 billion by 2025
The industry in Asia Pacific is projected to witness substantial growth over the next eight years owing to thriving construction, automotive, and marine industries. In terms of revenue, the regional market is expected to exhibit a CAGR of 6.9% from 2017 to 2025
Key players such as AkzoNobel N.V.; Arkema S.A.; BASF SE; Evonik Industries; Ashland Global Holdings Inc.; ANGUS Chemical Company; and Buckman Laboratories International, Inc. dominate the global market for paint additives.