Oil Dispersible Color Market Worth $1.2 Billion By 2025

The global oil dispersible color market size is expected to reach USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% over the forecast period. Increasing number of confectionary and bakery products and Rise in the demand for food and beverages are likely to fuel the market growth in the upcoming years.

Shifting inclination towards environment friendly products and stringent government regulations on food safety are some of the factors that drive the global market. Technology advancements have been contributing significantly to the market growth. The natural product segment emerged as the largest segment in 2018 due to increase in awareness related to harmful effects of artificial colors.

For instance, in 2016, DDW, the largest producer of natural colors, have launched a new natural oil dispersible color derived from a non-GMO purple corn hybrid that is mostly cultivated in U.S. Technological advancements, coupled with growing demand for natural colors, are expected to drive the demand for natural oil dispersible color over the forecast period.

The food and beverages segment was the largest application segment in 2018. Increase in demand for bakery products and beverages is anticipated to drive the segment in the upcoming years. Rising demand for flavored frozen and dairy products has also fueled the segment growth. The pharmaceuticals segment is estimated to witness growth during the forecast period owing to increase in product demand in the pharmaceutical industry.

Europe was the largest regional market in 2018 owing to increasing demand for natural food color owing to stringent food safety regulations. Many countries of Europe have been the largest exporters of bakery and confectionary products. Belgium was found to be one of the largest producers of chocolates and candies in Europe. This, in turn, will boost demand for oil dispersible color in the region. Asia Pacific is estimated to be the fastest growing market for oil dispersible color due to increase in awareness related to negative effects of artificial coloring and growing demand from the cosmetic and pharmaceutical industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/oil-dispersible-color-market

Further key findings from the report suggest:

The natural product segment dominated the global oil dispersible color market with an overall revenue share of 81.8% in 2018. The synthetic segment is anticipated to ascend at a CAGR of 4.9% over the forecast period
The food and beverages application segment was valued at USD 478.5 million in 2018 and is projected to exhibit high growth in the next few years
Asia Pacific is anticipated to be the fastest growing market, expanding at a CAGR of 7.0% during the forecast period. China is the largest consumer due to growing demand from the food and beverages industry
Key industry players include DDW The Colour House; Archer Daniels Midland; Naturex; Chr. Hansen Holding A/S; Symrise; GNT International B.V.; Sensient Technologies Corporation; McCormick; Kalsec, Inc.; San-Ei Gen; and Colour Garden
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Paraffin Wax Market Size Worth $7.27 Billion By 2025

The global paraffin wax market size is expected to reach USD 7.27 billion by 2025, according to a new report published by Grand View Research, Inc. Increasing demand for paraffin waxes in flexible packaging, candle manufacturing, rubber, and cosmetics is expected to aid in market expansion over the next nine years. Rising consumption of these products as a rheology modifier, electrical insulator, friction reducer, plasticizer, and flame retardant is expected to increase market size over the forecast period.

Paraffin waxes are used in flexible packaging as they provide an excellent barrier against odor and gas transmission. The growing food & beverage sector in developing countries including China, Japan, India, South Korea, South Africa, and Brazil is expected to stimulate packaging growth, which in turn will drive product demand over the upcoming years.

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

Further key findings from the report suggest:

The global market demand was 3,461.8 kilo tons in 2015 and is expected to grow substantially on account of increasing demand for home fragrance products in countries including China, the UK, India, and the U.S.
Cosmetic application segment is projected to show volume grow at a CAGR of 4.2% from 2016 to 2025. Increasing usage of these products as body moisturizers in dermatology is likely to fuel growth.
Rising demand for creams, lipsticks, ointments, and personal care products is expected to drive industry growth. Developing personal care industry in countries including the U.S., India, France, China, Brazil, Argentina, Russia, Indonesia, South Africa, Thailand, Saudi Arabia, and UAE is further expected to create growth opportunities for the product over the upcoming years.
Asia Pacific was the leading market in 2015 and is projected to foresee rapid revenue growth at a CAGR of 4.4% from 2016 to 2025. The increase is attributed to the rapid development of packaging, personal care, and adhesives industries in the region. Growing utilization of these waxes in hot melt adhesives mainly in China, South Korea, Australia, India, and Taiwan will spur industry expansion over the next nine years.
The industry is highly competitive with a large number of participants in China, the U.S., India, and South Africa. Key players include ExxonMobil, PetroChina Company Limited, Sinopec, International Group Inc., Repsol, IOCL, and Sasol.
ExxonMobil provides semi refined paraffin wax which finds applications in packaging and adhesives and complies with Food and Drug Administration (FDA) specifications
Companies such as Sasol provide non-toxic paraffin wax which is produced by environment-friendly technology, i.e., high-pressure hydrogenation. This innovation, in turn, will create new opportunities for growth over the next nine years.

Kaolin Market Size Worth $5.66 Billion By 2027

The global kaolin market size is projected to reach USD 5.66 billion by 2027, expanding at a 3.3% CAGR based on revenue, over the forecast period, according to a new report published by Grand View Research, Inc. Kaolin is used as a filler or a coating material and hence, rising demand for paper from the packaging industry is likely to propel the growth.

Kaolin in paper products enhance smoothness and appearance, increase brightness and printability, and reduce abrasion. Paper, being an eco-friendly and easily recyclable solution, is widely used in industries such as packaging and print media in the form of paper boards and gloss papers. Rising awareness along with stringent regulations regarding environmental pollution caused by non-biodegradable packaging is likely to drive the demand for paper packaging, which in turn is anticipated to augment market growth in the forthcoming years.

However, downturn in paper sector of North America region is expected to restrain growth of the kaolin market over the forecast period. Continuous shift toward digital media platforms for news, advertisements, and marketing has adversely affected the demand for newsprint media in North America over the past few years. In addition, availability of efficient substitutes, such a Ground Calcium Carbonates (GCC) and Precipitated Calcium Carbonates (PCC) that can replicate the properties of kaolin at a lower cost may hinder the product demand to a certain extent.

In Asia Pacific, factors such as expanding population and rising consumer standard of living are anticipated to increase the need for houses, thus propelling the construction industry. The rising construction industry directly impacts the growth of the ceramic industry. According to the Ceramic World Web, in 2018, the regional ceramic tile production accounted for 68.6% of the global production. The high regional production of ceramic tiles is anticipated to drive the demand for kaolin in the forthcoming years.

BASF SE, Imerys S.A., KaMin LLC, LB MINERALS Ltd., Sibelco N.V., and Thiele Kaolin Company are the key market players. Most of the players focus on increasing the kaolin prices to ensure long term business sustainability. The kaolin manufacturers increased in prices by 5% to 9% in 2018 for different applications. For instance, in August 2018, BASF SE increased kaolin prices by 5% for paper and thermal applications.

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

Further key findings from the report suggest:

Paper segment is anticipated to expand at a CAGR of 2.6%, in terms of revenue over the forecast period owing to the increasing demand for paper boards from the packaging industry
Ceramics is projected to witness a CAGR of 4.0% in terms of volume over the forecast period owing to increasing production of ceramic tiles to meet the rising demand from the construction industry, especially from U.S, China, and India
Cosmetics is among the segments witnessing rapid growth, in terms of volume, over the forecast period and accounted for a market share of 1.1% in 2019. The growth is attributed to the increasing consumer disposable income along with the rising demand for skin care products
Asia Pacific is anticipated to expand at a CAGR of 3.5% in terms of volume over the forecast period owing to the rising demand for kaolin-based products from construction, automotive, and packaging industries
Europe is expected to witness a CAGR of 2.7% in terms of revenue over the forecast period as it is among the largest regions for the paper industry and ceramics industry