Barite Market Size Worth $2.08 Billion By 2027

The global barite market size is expected to reach USD 2.08 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2020 to 2027. The market is expected to be driven by rising demand for oil & gas drilling applications. The COVID-19 pandemic is likely to restrict the industry growth in 2020 as oil & gas production is expected to fall drastically in 2020.

Barite is mainly used as a weighting agent in drilling operations owing to its properties, like low abrasiveness, non-corrosive nature, and high specific gravity. The amount of barite used for offshore drilling is greater than that of onshore drilling. The recent trend indicates that oil & gas producers are focused on sustaining oil production as onshore oil resources are being depleted at a significant rate. As a result, oil & gas players are increasingly seeking alternate sources, such as offshore oil resources. This is predicted to benefit market growth.

In the chemical industry, various chemical derivatives of barite, such as carbonates, sulfates, and hydroxides, are significantly used for industrial applications. For instance, barium hydroxide is used in the manufacturing of barium salts of organic acids, which are further used as stabilizers for PVC and additives for lubricating oils.

Barite is also used as a filler in the paint and plastic industries. Furthermore, the product is used in glass manufacturing to enhance the brilliance of glass products by removing impurities. High economic growth in the Asia Pacific driven by rapid industrialization is expected to fuel the growth of the chemicals, plastics, and paints and coatings industries, which, in turn, is expected to boost market growth.

The Asia Pacific was the largest producer of barite in 2019 while North America was the largest consumer. The U.S. has significantly ramped up its oil production since the past decade owing to the discovery of tight oil. This has proved rewarding for barite producers. The product consumption has witnessed a sharp boost since 2016 and is expected to witness moderate growth until 2027, following the recovery of the COVID-19 pandemic.

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

Further key findings from the report suggest:

The oil & gas application segment dominated the market with a revenue share of 77.1% in 2019 owing to extensive utilization of barite as a weighting agent, particularly for offshore drilling
The fillers application segment is expected to expand at the fastest CAGR of 4.3%, in terms of revenue, from 2020 to 2027 owing to increasing plastics and paints manufacturing, particularly in the Asia Pacific
North America dominated the market with a revenue share of 39.6% in 2019 owing to the high production of tight oil in the region
Asia Pacific is expected to expand at the fastest CAGR in terms of volume and revenue from 2020 to 2027 owing to increasing investments in exploration and production of oil, particularly in China
Capacity expansion is a key strategy adopted by the market players

Arachidonic Acid Market Worth $281.0 Million By 2025

The global arachidonic acid market size is expected to reach USD 281.0 million by 2025 expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Increasing product usage in baby food and health supplements is anticipated to drive the market growth. The infant formula segment is expected to witness a significant growth on account of increasing product usage in baby nutrition products. The need for appropriate amount of minerals, such as ARA and DHA, is creating more demand for ARA-based infant formula, which is likely to boost the segment growth over the coming years.

Moreover, increasing awareness regarding product benefits, as a result of various marketing activities undertaken by major companies, is likely to have a positive impact on the market growth. Increasing cases of ARA deficiency necessitates the need of a separate intake in the form of tablets, syrups, or injections. Rising awareness levels regarding the importance of maintaining the nutritive value are also likely to contribute to the global market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/arachidonic-acid-ara-market

Further key findings from the report suggest:

The global market is anticipated to reach 4.26 kilotons by 2025 expanding at a CAGR of 4.7% from 2018 to 2025
In terms of revenue, solvent form segment is projected to register a CAGR of 5.6% over the forecast period
The infant formula application segment led the global Arachidonic Acid (ARA) market in 2017
Europe regional market is projected to witness a remarkable growth over the estimated period due to the rising health consciousness and awareness about ARA-based products
Some of the key companies in the market are Cargill, Inc.; CABIO Biotech (Wuhan) Co. Ltd.; Cayman Chemical Company; Guangdong Runke Bioengineering Co. Ltd.; Koninklijke DSM N.V.; The Merck Group; and A & Z Food Additives Co. Ltd.

GRP Pipe Market Size Worth $2.1 Billion By 2025

The global GRP pipes market size is expected to reach USD 2.1 billion by 2025, escalating at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Glass fiber reinforced plastic (GRP) pipes are lightweight, durable, and offer superior corrosion resistance and strength, which makes them suitable for use in water and wastewater transport applications.

Increasing stringent regulations on wastewater collection and treatment are likely to propel the demand for GRP pipes. These are easy to install as compared to their metal counterparts on account of their flexible nature. GRP pipes include lesser joints and can be laid over longer distances, owing to which they are usually preferred for long-distance water transportation.

Developing countries are witnessing an increase in stringent regulations on residential wastewater collection and treatment, which are expected to open new avenues for the growth of GRP pipes industry. Furthermore, mandates by the governments across developed economies to install water treatment facilities in industrial units are likely to boost the demand for GRP pipes in industrial applications. These are also suitable for the transportation of a variety of chemicals owing to their inert nature.

Furthermore, GRP pipes are suitable for use in desalination and hydropower plant. Increasing investments in the industrial sector to cater to the demand from end users are expected to propel the demand for GRP pipes and, in turn, the market growth over the projected period. Key industry players are engaged in R&D to devise enhanced anti-corrosion pipes with an ability to sustain high temperatures and pressures, which is likely to increase the product scope in O&G application. A diversified portfolio, brand reputation, and enhanced product quality were observed to be the key success factors for leading glass fiber reinforced plastic pipe market players such as Amiblu Group.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/grp-pipes-market

Further key findings from the report suggest:

Adipic acid application segment in cyclohexanone market is expected to expand at a CAGR of 3.1% from 2020 to 2027 on account of rising production of nylon 66 resin and fiber, polyurethanes, and plasticizers
Pharmaceutical industry, soap manufacturing, and film production consume 2.71% of the total cyclohexanone manufactured globally
U.S. was the second-largest consumer of cyclohexanone after China in 2019 and is anticipated to register a CAGR of 2.6%, from 2020 to 2027, owing to the rising production of caprolactam in the country
Europe and North America together consumed 24% of the total cyclohexanone in 2019, with the presence of major manufacturers such as BASF SE, Ascend Performance Materials, and Advansix Inc.
Production of cyclohexanone is anticipated to face hindrance from regulatory bodies, due to excessive Greenhouse Gas (GHG) emissions, leading to manufacturers investing in R&D activities to develop new environment compliant technologies for the chemical production
In 2016, the Japanese manufacturer Ube Industries Ltd, adopted a new manufacturing technology through selective hydrogenation of phenol. This process consumes less electricity and steam compared to the conventional cyclohexane process.

Flow Chemistry Market Size Worth $2.39 Billion By 2025

The global flow chemistry market size is projected to be valued at USD 2.39 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 10.0% during the forecast period. Lower operating costs of the technology coupled with eco-friendliness is projected to boost the growth.

Substantial reduction in waste generation along with elimination of non-renewable production methods are priorities from a global environment standpoint. Major economies are therefore introducing regulations with a view to minimize the damage to the environment. Numerous governments are introducing measures to achieve the targets set by the Paris Agreement under the United Nations Framework Convention on Climate Changes (UNFCCC), specifically to mitigate the emission of greenhouse gases.

Continuous Stirred Tank (CST) and Plug Flow (PF) are the most commonly adopted reactors in the flow chemistry market. CST reactor systems require limited human intervention to function thereby incurring low labor costs associated with its adoption. Additionally, both reactor technologies have a high output rate, resulting in low production costs.

Increasing adoption of microreactors in specialty chemical, fine chemical, and pharmaceutical manufacturing sectors has contributed substantially to controlling environment damage along with saving manufacturing costs. In the bulk chemicals manufacturing industry, microreactors are used to manufacture styrene, formaldehyde, Ethylene Oxide (EO), and Vinyl Acetate Monomer (VAM) among others.

Pharmaceutical industry is expected to witness maximum growth over the forecast period owing to the ease of continuous separation and crystallization technique offered by flow chemistry technology. Growing need for production cost control coupled with increasing competition in the Active Pharmaceutical Ingredients (API) manufacturing industry is projected to contribute significantly to the demand over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/flow-chemistry-market

Further key findings from the report suggest:

Academia and research application held a market share of 12.45% in 2018 owing to growing use of renewable technologies for manufacturing along with affordable cost of flow chemistry
Asia Pacific is expected to witness the highest CAGR of 11.3% owing to growing adoption of affordable, energy saving, renewable technologies along with substantial investment from petrochemical industry
Microreactor is expected to register an astounding CAGR of 21.0% over the forecast period, due to the demand from pharmaceutical manufacturers owing to better selectivity, affordable production costs, and low waste generation by the product
Notable players operating in the flow chemistry market include Am Technology, CEM Corp., Biotage AB, Syrris Ltd, and Vapourtec Ltd. among others. Companies are strategizing to enhance their geographic presence by making in-roads in Asia Pacific, which is expected to have substantial potential.

North America Self-contained Breathing Apparatus Market Worth $962.2 Million By 2025

The North America self-contained breathing apparatus market size is expected to reach USD 962.2 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 8.1% over the forecast period. Increasing incidence of occupational injuries, coupled with growing requirement of high-utility protective equipment, is anticipated to spur demand for self-contained breathing apparatus (SCBA) over the coming years.

Strict safety legislations pertaining to asbestos mining, complemented by rising employee awareness regarding personal and respiratory safety across major industries, are expected to drive demand for self-contained breathing apparatus over the forecast period. In addition, various regulatory bodies such as the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA) have issued guidelines for monitoring activities associated with exposure to hazardous gases and particulates, thereby boosting product demand in recent years.

Largescale investments for sustaining oil and gas production levels and improving overall production efficiency are anticipated to contribute to the growth of the oil and gas industry in the U.S. Oil and gas being a labor-intensive industry, growth in the industry is projected to drive the employment rate, thereby boosting the need for SCBA.

Various educational and training programs related to the use and maintenance of respiratory protective equipment are expected to spread awareness regarding the benefits and proper use of self-contained breathing apparatus, which is projected to promote market growth. In addition, the implementation of safety laws in fire service industry by the government is likely to promote the use of SCBA over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/north-america-self-contained-breathing-apparatus-market

Further key findings from the report suggest:

Demand for self-contained breathing apparatus in the chemicals/petrochemicals industry is anticipated to experience strong growth over the forecast period owing to increasing adoption of engineering control methods, which necessitates the use of respiratory protective products such as SCBA
The mining industry is expected to account for 8.2% of the overall market in terms of revenue by 2025 due to rise in occupational health risks owing to the presence of fine airborne particulate matter
U.S. is anticipated to exhibit a CAGR of 7.6% in terms of revenue over the forecast period. Increasing onshore and offshore drilling activities, coupled with rising shale gas production has resulted in lifting demand for self-contained breathing apparatus in recent times
Rapid rise in mergers and acquisitions, integration operations, and site relocations has driven the demand for industrial construction in Canada and Mexico, thereby boosting the demand for SCBA in the region
Constant need for innovation and development on account of increasing user expectations and shifting health and safety regulations has forced manufacturers to spend more on R&D in order to develop efficient products. This will benefit market growth.

Fluorochemicals Market Size Worth $31.21 Billion By 2024

The global fluorochemicals market size is expected to reach USD 31.21 billion by 2024, according to a new report by Grand View Research. Growing popularity of fluoropolymers in the automotive and electronics sectors on account of exhibiting superior properties such as good electrical insulation and tensile strength is expected to have a positive impact on the industry.

Growing demand for aluminum in a host of end-use industries including aviation, automotive, electronics, and healthcare is expected to drive demand. Furthermore, the expansion of these industries is expected to accelerate growth. The presence of a stringent regulatory framework which includes critical protocols including the Montreal Protocol and Kyoto Protocol has led to the restricted production and use of numerous chemicals including HCFC and CFC.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/fluorochemical-market

Fluorocarbons dominated the global market accounting for over 52% of volume share in 2013. Increasing the application of refrigerants in HVAC systems is expected to drive fluorocarbons industry expansion in the near future. Lax regulatory framework in high potential markets of Asia Pacific, including China and India is expected to propel product demand over the forecast period.

Fluoropolymers market is expected to witness significant gains over the forecast period, with an estimated CAGR of over 10.2% from 2014 to 2024. Its increasing demand in automotive, construction, and electronic applications is expected to augment growth. Increasing construction spending, particularly in emerging economies of Asia Pacific and Middle East is likely to drive industry growth.

Europe fluorochemicals market accounted for over 12% of global volume share in 2013. Increasing demand for fluoropolymers, inorganic, and specialty fluorochemicals in a host of niche applications is expected to drive demand.

Positive automotive sector outlook in China, India, and Indonesia is expected to remain a favorable factor for growth. Regulatory allowance for investment in the metal sector coupled with an abundance of aluminum reserves in China and India is expected to increase the application of aluminum trifluoride and have a positive impact on demand in the near future.

DuPont, Solvay SA, Daikin, Honeywell, Arkema SA, Dongyue, and Asahi Glass dominated the global fluorochemicals market share in 2013. This industry is moderately consolidated and possesses an oligopolistic nature.

In April 2012, Daikin announced plans to launch a new fluorochemical product meant for use in touch panels and displays. In July 2015, Solvay announced that it will supply Halar ECTFE fluoropolymer to Amcor for manufacturing photovoltaic sheets. In June 2012, Arkema SA announced the expansion of its manufacturing facility located in Pierre-Benite. The expansion was aimed at increasing the production of fluoropolymers.

Construction Additives Market Size Worth $38.32 Billion By 2025

The global construction additives market size is expected to reach USD 38.32 billion by 2025, according to a report published by Grand View Research, Inc., registering a CAGR of 8.8%. The market for construction additives is anticipated to be driven by growing awareness regarding advantages of construction additives among infrastructure developers, contractors, and designers. In addition, extensive use of construction additives in residential and commercial buildings is expected to boost market growth.

Construction additives are advance materials, which have emerged as a viable solution for improving the quality of buildings and infrastructure. Additive concrete, compared to other conventional concrete types, possesses useful properties such as durability and high strength, which makes it ideal for use in infrastructure components.

By type, chemical is anticipated to be the fastest growing segment owing to its wide-ranging use in the construction sector. Its low cost, compared to other construction additives, is a major growth driver for this segment.

Booming hospitality industry all over the world, in addition to increasing number of medical centres, is responsible for enabling the commercial segment expand at the highest CAGR. On the other hand, increasing disposable income in developing countries, coupled with increasing government projects, is expected to drive the residential and infrastructure segments.

Key players are investing in educating builders and contractors regarding the significance of using construction additives to enhance quality and endurance of construction. These players are also heavily investing in R&D activities, most of which are focused on manufacturing products that are suitable for various conditions at an affordable price.

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

Further key findings from the report suggest:

The chemical additives segment is anticipated to be exhibit the highest growth in terms of revenue, with a CAGR of 9.3% over the forecast period. Low cost and ease of use make it ideal for residential and commercial construction
The commercial segment is the largest end user in the global construction additives market. Extensive use of construction additives in high-rise buildings, hotels, malls, and hospitals is driving this segment
Asia Pacific is expected to be the largest as well as fastest-growing regional market, exhibiting a CAGR of 10.2% in terms of revenue over the forecast period. Rapidly growing population and rising government mega infrastructure projects in the region is expected to further boost market demand
Many major players have invested in research and development activities in order to develop more effective and affordable products. Companies are also focusing on expanding their businesses in developing countries.

Oxygen Scavengers Market Worth $2.67 Billion By 2025

The global oxygen scavengers market size is expected to be worth USD 2.67 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for fresh, healthy, and quality packaged food is likely to propel market growth. The oxygen absorption properties offered by scavengers help in retaining the quality of various consumable products.

The demand for oxygen scavengers in food and beverage industry is witnessing a rise as they provide protection from various microorganisms, spoilage, color & nutrient loss, and rancidity of food. Food products, such as vegetables, fruits, dairy products, and processed foods, are perishable in nature and require protection from atmospheric oxygen. Other food products such as nuts, bakery items, and several beverages also require protection to extend their shelf life and reduce food wastage.

Additionally, augmenting demand from chemical and pharmaceutical industries is anticipated to accelerate the market growth. Rising research & development activities and various government regulations are likely to trigger the production, thereby driving the market demand. Due to the expanding uses of oxygen scavengers, a large number of manufacturers are inclined toward the market for the development of less toxic scavengers in an attempt to stay competitive.

Metallic oxygen scavengers accounted for 63% of the global market in 2016. The demand can be attributed to the widespread use, fast reaction, better quality, and cost-effectiveness of these scavengers. Non-metallic scavengers are likely to be used where metal detection poses a problem. The scavengers are used for dietary products that require the avoidance of contact with iron. The technological advancements in the market to develop advanced packaging solutions are likely to fuel the market demand over the forecast period.

North America is the leading market for oxygen scavengers owing to the growing concerns among the consumers regarding the safety and wastage of food. Extensive research & development carried out by leading manufacturers to develop packaging techniques to offer protection from outside oxygen in countries such as the U.S. and Canada is anticipated to propel market growth. Countries such as Germany, France, China, India, and Japan are also rapidly developing markets for oxygen scavengers.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/oxygen-scavengers-market

Further key findings from the report suggest:

The oxygen scavengers market is likely to register a CAGR of 4.9% from 2017 to 2025 on account of increasing awareness as well as health and safety concerns among the consumers. In terms of revenue, food and beverage segment is expected to denote the highest CAGR from 2017 to 2025 owing to expanding applications in the sector for oxygen scavengers in developed as well as emerging countries.
North America was valued at USD 580.4 million in 2016 and is expected to witness significant development on account of rising demand for fresh food that is healthy and can restore its nutrient value for a longer period of time
Key market players include BASF SE; Baker Hughes; Innospec Inc; Arkema Group; Accepta Ltd.; Clariant International Ltd.; Eastman Chemical Company; Sealed Air Corporation; PolyOne Corporation; Kemira OYJ; Mitsubishi Chemical Corporation; and Plastichem (PTY) LTD. The companies mainly focus on extensive innovation and increasing their production capacities to meet the global demand.

Purging Compound Market Worth $707.9 Million By 2025

The global purging compound market size is expected to reach USD 707.9 million by 2025, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The growing plastic processing machinery industry in Asia Pacific is anticipated to be a major driving force triggering market growth.

Injection molding segment has been observing noteworthy growth in the purging compound industry. The growing demand for the mass production of various injection molded parts from end-use industries such as automotive is likely to have a positive impact on the demand for purging products in the industry.

Fluctuating raw material prices are predicted to be the major restraints during the forecast period due to volatility associated with world oil price and production. In addition, the high prices of purging compound are expected to restrain the market growth.

Companies have been adopting various strategies including expansions, acquisitions, mergers, agreements, and joint ventures. For instance, in September 2017, the Dow Chemical and DuPont merged to form Dow DuPont in order to enhance their product offerings and solutions.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/purging-compound-market

Further key findings from the report suggest:

Injection molding segment is projected to register the fastest CAGR of 6.8%, in terms of revenue, from 2017 to 2025 on account of high demand for the product from the plastic processing machinery market
Extrusion segment appeared as the major process in 2016 in the U.S. market and is expected to denote a CAGR of 4.9% over the forecast period, in terms of revenue, on account of the growing automotive, construction, and packaging industries
Mechanical segment accounted for the major market share of 50.0% in 2016 and is predicted to witness significant growth from 2017 to 2025. The compounds are highly effective in the removal of pollutants and safe to use.
Central & South America accounted for a market share of 11.1% in 2016 in terms of revenue. The region is anticipated to witness considerable growth from 2017 to 2025 due to the growing demand from the construction and automotive industries in Brazil and Argentina.
The Asia Pacific purging compound market is likely to expand at the fastest CAGR, in terms of revenue, over the forecast period owing to the growing demand for the product from economies including China, Japan, and India
Competitors have been implementing various approaches to strengthen their position in the market. Expansions and acquisitions are the key strategies adopted by market players over the past years. For instance, Formosa Plastics Corporation constructed a new polypropylene manufacturing line in the U.S. to increase its production capacity.

Flow Chemistry Market Size Worth $2.39 Billion By 2025

Click the link below:
https://www.grandviewresearch.com/industry-analysis/flow-chemistry-market

Further key findings from the report suggest:

Academia and research application held a market share of 12.45% in 2018 owing to growing use of renewable technologies for manufacturing along with affordable cost of flow chemistry
Asia Pacific is expected to witness the highest CAGR of 11.3% owing to growing adoption of affordable, energy saving, renewable technologies along with substantial investment from petrochemical industry
Microreactor is expected to register an astounding CAGR of 21.0% over the forecast period, due to the demand from pharmaceutical manufacturers owing to better selectivity, affordable production costs, and low waste generation by the product
Notable players operating in the flow chemistry market include Am Technology, CEM Corp., Biotage AB, Syrris Ltd, and Vapourtec Ltd. among others. Companies are strategizing to enhance their geographic presence by making in-roads in Asia Pacific, which is expected to have substantial potential.