Thursday 30 November 2017

Global Acetic Acid Market Overview 2017, Demand by Regions, Share and Forecast to 2022

The global acetic acid market is witnessing a positive growth owing to the growing demand for acetic acid and its derivatives, such as VAM and PTA, particularly in the developing countries. This can be attributed to the increasing industrialisation and urbanisation rates in these countries.


Acetic acid or ethanoic acid is a colourless liquid with pungent odour and represents an important chemical reagent, particularly in organic chemistry. The chemical production of acetic acid takes place via carbonylation of methanol. It is used as a feedstock in the manufacturing of various synthetic chemicals, ranging from polymers to esters. It is also utilised as a food additive and solvent for various industrial processes. According to IMARC Group’s new report, titled, “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global acetic acid production has grown at a CAGR of more than 6% during 2009 – 2016.

Highlights of the global acetic acid market:
  • VAM (vinyl acetate monomer), represents the fastest growing end-use industry.
  • Growing demand for VAM and PTA is expected to be the major driving factor.
  • Asia dominates the global production, followed by North America, Middle East and Africa.
The single largest derivative of acetic acid is VAM (vinyl acetate monomer), which is used in the production of adhesives and sealants, paper coatings, textile finishes, photographic films, etc. Another important derivative, PTA (purified terephthalic acid), is used in the construction and packaging industries. Acetic anhydride, also derived from acetic acid, is used in the conversion of cellulose to cellulose acetate. Currently, as a result of the increasing industrialisation and urbanisation rates, particularly in developing regions like Asia-Pacific, Middle-East and Latin America, the demand for acetic acid and its derivatives (primarily VAM and PTA) has increased in various end-use industries. Moreover, the increasing demand for vinegar is also triggering the market due to its wide applications.


On the basis of end-use, the largest and one of the fastest growing end-use sector is vinyl acetate monomer (VAM) industry which accounts for around one-third of the total global consumption. It is followed by PTA, acetic anhydride, ethyl acetate and butyl acetate manufacturing industries. On the basis of key regions, Asia currently represents the largest producer, accounting for the majority of the total global production. Other major regions include Europe, North America and Middle East & Africa. Some of the key players operating in this market include Celanese, Jiangsu Sopo, Reliance, Shanghai Wujing, BP Chemicals etc.

The report by IMARC Group has examined the global acetic acid market on the basis of:

End-use:
  • VAM
  • PTA
  • Anhydride
  • Ethyl acetate
  • Butyl acetate
Region:
  • China
  • North America
  • Western/Eastern Europe
  • North East Asia
  • South East Asia
  • Middle East & Africa
Major Manufacturers:
  • British Petroleum
  • Celanese
  • Shanghai Wujing
  • Jiangsu Sopo
  • Reliance
Find more reports related to Chemical & Materials Market Research @ http://www.imarcgroup.com/categories/chemicals-market-reports

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Tuesday 14 November 2017

Global Industrial Gases Market Analysis, Research, Growth, Size and Outlook 2017-2022

The global industrial gases market has experienced a steady growth in the past few years. Advancements in various industries such as medical, petrochemical, mining, and food and beverage have amplified the demand for industrial gases.

The latest report by IMARC Group, titled “Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global industrial gases market reached a value of nearly US$ 71 Billion in 2016. Industrial gases are produced on a large scale for various industrial purposes. They are prepared under specific temperature and pressure conditions. Industrial gases have various applications in industries such as oil and medicine, food, chemical, gas, steelmaking, power, mining, pharmaceutical, biotechnology, nuclear power and aerospace. Owing to their diverse applications, they are also known as refrigerant gases, fuel gases or medical gases.




Highlights of the global industrial gases market:

  • Development in various end-use sectors such as petrochemical, energy, mining, food, etc. is the key growth-inducing factor.
  • On the basis of applications, manufacturing sector holds the largest share in the market.
  • Asia-Pacific dominates the market, accounting for the majority of the global share.


To get more information, please visit @ http://www.imarcgroup.com/industrial-gases-market

ndustrial gases find applications in the photovoltaic industry for the production of solar panels. On account of growing environmental awareness, consumers are opting for renewable sources of energy over the conventional sources which is anticipated to impel the growth prospects of the market in the upcoming years. Expanding infrastructure activities due to growing urbanization in the developing regions has facilitated the demand for industrial gases, particularly oxygen which is used extensively in the production of steel. Additionally, industrial gases find various uses in the healthcare sector. With ageing population and rising cases of lifestyle diseases, the medical sector is projected to experience a surge over the next few years, thereby contributing in the demand for these gases. Further, the market is expected to reach a value of more than US$ 86 Billion by 2022, exhibiting a CAGR of around 3% during 2017-2022.

The market has been segregated on the basis of type, covering nitrogen, oxygen, carbon dioxide, argon and hydrogen. It is further analysed on the basis of key applications, where the manufacturing sector holds the largest market share. It is followed by metallurgy, energy, chemical and healthcare sectors. Based on distribution channels, packaged supply accounts for the majority of the total sales. It is followed by bulk and on-site supplies. Region-wise, Asia-Pacific is the largest market for industrial gases. Other major regions include Middle East and Africa, Europe, North America, and Latin America. On the basis of imports and exports, Asia-Pacific is the largest importer of industrial gases, whereas, the United States represents the largest exporter. An analysis of the competitive landscape finds that the key players operating in the market are Air Liquide S.A., Linde Group, Praxair, Inc., Air Products and Chemicals, Inc., and AirGas, Inc. 

The report by IMARC Group has examined the global industrial gases market on the basis of:

Type:

  •     Nitrogen             
  •     Oxygen
  •     Carbon dioxide
  •     Argon
  •     Hydrogen



Applications:

  •     Manufacturing
  •     Metallurgy
  •     Energy
  •     Chemicals
  •     Healthcare



Distribution Channel:

  •     Packaged
  •     Bulk
  •     On-site



Region:

  •     Asia-Pacific
  •     Middle East and Africa
  •     Latin America
  •     North America
  •     Europe



Key Players:

  •     Air Liquide S.A.
  •     Linde Group
  •     Praxair, Inc.
  •     Air Products and Chemicals, Inc.
  •     AirGas, Inc.


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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

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Tel No: +1-631-791-1145
Email: sales@imarcgroup.com
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Wednesday 8 November 2017

GCC Tire Market Share, Size, Price Trends and Forecast 2017-2022

The GCC tire market has witnessed a healthy growth over the past few years. Some of the major driving factors include infrastructural developments, lack of tire manufacturing facilities, rising disposable incomes and the booming tourism sector.

IMARC Group’s latest report, titled “GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the GCC tire market reached a volume of nearly 40 Million Units in 2016, growing at a CAGR of nearly 6% during 2009-2016. In the GCC countries, the majority of the consumers contribute to the sales of used vehicles while a small section prefers new vehicles. This has resulted in an increased demand for tires, particularly replacement tires, for the used cars. Apart from this, there has also been a trend of vehicle customisation among the consumers according to their personal tastes and preferences.




Highlights of the GCC Tire Market:

  • Growing investments in the construction sector and increasing per capita GDP in the region act as the primary growth-inducing drivers.
  • On the basis of product type, the market is segmented into OEM and replacement tires.
  • Saudi Arabia holds the majority of the total share, representing the largest market.


To get more information, please visit @ http://www.imarcgroup.com/gcc-tire-market

Growing investments in the construction sector and the rising use of vehicles for mining and industrial purposes have resulted in an increased demand for vehicles in the GCC region, which in turn, is stimulating the growth of the tire market. In addition, in rich countries like Saudi Arabia and Qatar, the expansion of vehicle fleet size has been witnessed along with the adoption of new tire technologies that are being offered by premium tire brands. Moreover, on account of hot climatic conditions in the region, the lifespan of replacement tires is shorter which leads to an increased consumption of tires by the consumers. Further, due to the lack of tire manufacturing facilities, the demand for tires is addressed mainly through imports which is beneficial for the entry of new manufacturers in the market. Increasing vehicle motorization rate, booming tourism sector and increasing per capita GDP are some of the other factors driving the growth of the tire market in the GCC region. According to the report, the market is further expected to reach a volume of around 55 Million Units by 2022.

Based on type, the market is segmented into OEM and replacement tires. The market has also been segmented on the basis of application, which include passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Region-wise, Saudi Arabia represents the largest market for tires, accounting for the majority of the total share in the GCC region. The other major markets include UAE, Kuwait, Qatar, Bahrain and Oman. Some of the key players operating in the market are Bridgestone, Michelin, Continental, Goodyear and Yokohama.

The report has examined the GCC tire market on the basis of:

Product Type:

  • OEM
  • Replacements


Application:

  • Passenger vehicles
  • Light commercial vehicles
  • Heavy commercial vehicles


Region:

  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman


Major Manufacturers:

  • Bridgestone
  • Michelin
  • Continental
  • Goodyear
  • Yokohama


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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Tel No: +1-631-791-1145
Email: sales@imarcgroup.com
Follow us on twitter: @imarcglobal
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