#Biodiesel Catalyst Market Share
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VEGOILS-Palm oil hits 3-week high on Indonesia biodiesel plans, Malaysia output woes SINGAPORE, Aug 26 (Reuters) - Malaysian palm oil futures advanced for the fourth session on Monday, touching their highest in more than three weeks on Indonesia's plan to further raise its biodiesel blending and concerns of rainy weather hurting Malaysia's production. The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 52 ringgit, or 1.34%, to 3,919 ringgit ($902.79) a metric ton by the midday break. The contract hit an intraday high of 3,925 ringgit, its strongest level since Aug. 2. Indonesia's president-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year. The country last week said it planned to raise the blending to 40% in January 2025, from the present 35%. "The above, added with the weather vagaries in the Peninsular Malaysia, incessant rain and production worries, are the main catalysts for the firmness in the palm oil market today," Lingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari said. The meteorological department of Malaysia, the world's second-largest palm oil producer, forecast thunderstorms from Aug. 26-27. Exports of Malaysian palm oil products for Aug. 1-25 fell between 14.1% to 14.9% from a month earlier, data from cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia showed. Dalian's most-active soyoil contract DBYcv1 advanced 1.24%, while its palm oil contract DCPcv1 climbed 2.98%. Soyoil prices on the Chicago Board of Trade BOcv1 ticked 0.32% higher. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices extended gains on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent U.S. interest rate cuts lifted the global economic and fuel demand outlook. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. Palm oil may test resistance of 3,892 ringgit per metric ton, a break above which could confirm a target range of 3,909 ringgit to 3,927 ringgit, said Reuters technical analyst Wang Tao. ($1 = 4.3410 ringgit)
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Enzymes Market Projections: A 7.5% CAGR to Transform the Industry by 2034
The enzymes market has been experiencing significant growth and evolution, driven by advancements in biotechnology and increased demand across various industrial sectors. Enzymes are biological catalysts that accelerate chemical reactions, and they are pivotal in numerous applications including food and beverage, pharmaceuticals, biofuels, and industrial processes.
The global enzymes industry, valued at US$ 10.9 billion in 2023, is projected to experience robust growth, with an estimated CAGR of 7.5% from 2024 to 2034. By the end of 2034, the industry is expected to reach a valuation of US$ 77.1 billion. This significant expansion underscores the increasing demand and wide-ranging applications of enzymes across various sectors, including pharmaceuticals, food and beverages, and biofuels.
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Market Segmentation
By Service Type
Manufacturing Services: Enzyme production and supply for various industries.
Research and Development Services: Custom enzyme development and optimization for specific applications.
By Sourcing Type
Microbial Enzymes: Enzymes derived from bacteria, fungi, and yeast.
Plant Enzymes: Enzymes extracted from plants.
Animal Enzymes: Enzymes sourced from animal tissues.
By Application
Food and Beverage: Enzymes used in brewing, baking, dairy, and meat processing.
Pharmaceuticals: Enzymes used in drug formulation and therapy.
Biofuels: Enzymes used in the production of bioethanol and biodiesel.
Industrial Processes: Enzymes used in textiles, paper and pulp, and detergents.
By Industry Vertical
Healthcare and Pharmaceuticals
Food and Beverage
Bioenergy
Agriculture
Textile and Leather
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Regional Analysis
North America
North America leads the enzymes market due to extensive research activities, a strong industrial base, and high adoption rates in food and beverage and pharmaceutical sectors.
Europe
Europe holds a significant share, driven by the growing biofuel industry and stringent environmental regulations encouraging the use of eco-friendly biocatalysts.
Asia-Pacific
Asia-Pacific is expected to witness the fastest growth, fueled by rapid industrialization, expanding pharmaceutical sector, and increasing food processing activities.
Latin America
Latin America shows promising growth potential with rising investments in biotechnology and increasing demand for sustainable industrial processes.
Middle East and Africa
The market in the Middle East and Africa is gradually expanding, supported by emerging industries and growing awareness of enzyme applications.
Market Drivers and Challenges
Drivers
Technological Advancements: Innovations in enzyme engineering and production techniques.
Sustainability: Growing emphasis on green chemistry and environmentally friendly processes.
Healthcare Demand: Increasing use of enzymes in disease diagnosis and treatment.
Challenges
High Production Costs: The cost of enzyme production and purification remains a barrier.
Regulatory Hurdles: Stringent regulations affecting the approval and commercialization of enzyme products.
Market Trends
Biotechnology Integration: Increased integration of biotechnology in enzyme production for enhanced efficiency and specificity.
Personalized Medicine: Growing trend towards personalized medicine, driving demand for enzyme-based diagnostics and therapeutics.
Sustainable Practices: Adoption of enzymes in various industries to promote sustainability and reduce environmental impact.
Future Outlook
The future of the enzymes market looks promising with continuous advancements in biotechnology and increasing applications across diverse sectors. The market is poised for substantial growth, driven by innovation, sustainability initiatives, and expanding industrial applications.
Key Market Study Points
Market Size and Forecast: Detailed analysis of market size, growth rates, and projections.
Competitive Landscape: Assessment of key players, market shares, and competitive strategies.
Innovation and R&D: Focus on technological advancements and research initiatives.
Regulatory Landscape: Analysis of regulatory frameworks and their impact on market dynamics.
Competitive Landscape
The enzymes market is highly competitive, with key players including Novozymes, DSM, BASF, DuPont, and Amano Enzyme. These companies are focusing on strategic collaborations, mergers and acquisitions, and extensive R&D activities to maintain their market positions and expand their product portfolios.
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Recent Developments
Partnerships and Collaborations: Recent strategic alliances to enhance product development and market reach.
Product Launches: Introduction of innovative enzyme products tailored for specific applications.
Sustainability Initiatives: Efforts towards developing eco-friendly enzyme solutions and reducing carbon footprints.
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Driving the Future: Transformative Trends in the Oil Fuel Mobility Market
Oil Fuel Mobility Market was valued at US$ 1,384.71 billion in 2022 and is projected to reach US$ 3,202.03 billion by 2030, growing at a CAGR of 11.11% from 2023 to 2030.
This comprehensive research study on the global Oil Fuel Mobility market gives detailed insights into the sector, offering a detailed analysis of market trends, prominent drivers, and future growth prospects. In order to make wise business decisions, it gives readers an extensive understanding of the market environment. Furthermore, the report covers several aspects, such as estimated market sizing, strategies employed by leading companies, restraining factors, and challenges faced by market participants.
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Market Forecast and Trends
The report's precise market forecasts and identification of emerging trends will allow readers to foresee the industry’s future and outline their tactics for the following years accordingly. Understanding market trends can help in gaining a competitive edge and staying ahead in a fast-paced business environment.
Regional and Segment Analysis
The study on the global Oil Fuel Mobility market will aid industry participants find high-growth regions and profitable market segments through region-specific and segment-by-segment analysis. This information helps in implementing better marketing strategies and product lineups to meet the preferences and needs of various target audiences. The major regions covered in this comprehensive analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Investment and Expansion Opportunities
The research report supports strategic decision-making by revealing prospective areas for investment and business growth in the global Oil Fuel Mobility market. This report is a great tool for finding markets that are foreseen to grow substantially for aiding readers who want to expand into new and untapped markets or launch new products.
Competitive Analysis
The research report comprises an in-depth competitive analysis, which profiles major market competitors and evaluates their tactics, weaknesses, and market shares. These key players employ top business strategies, such as partnerships, alliances, mergers, acquisitions, product innovations, and product development, to establish a competitive advantage. Industry participants may use this information to measure their business against rivals and develop winning strategies for distinguishing themselves in the market.
Why Buy This Report?
Obtain an in-depth understanding of market trends and growth catalysts.
Utilize precise market forecasts for informed decision-making.
Outperform competitors through extensive competitive analysis.
Identify and leverage profitable regional and segment prospects.
Strategically plan investments and expansions in the global Oil Fuel Mobility market
The major players in the Oil Fuel Mobility Market are:
Royal Dutch Shell Plc
Exxon Mobil Corporation
Chevron Corporation
BP Plc
TotalEnergies
Valero Energy Corporation
Marathon Petroleum Corporation
Phillips 66 Company
Indian Oil Corporation Ltd
China National Petroleum Corporation
The global Oil Fuel Mobility Market is segmented as:
By Vehicle Type
Passenger Cars
Commercial Vehicles
Two-Wheelers
Others
By Fuel Type
Gasoline
Diesel
Compressed Natural Gas (CNG)
Liquefied Petroleum Gas (LPG)
Biodiesel
Others
By End User
Transportation and Logistics
Agriculture
Construction
Mining
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
U.K.
Spain
Germany
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Middle East & Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America.
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Biodiesel Market Report Growth Opportunity Report 2023-2030
The Global Biodiesel Market size was valued at USD 33300 Million in 2023 and is projected to reach USD 49400 Million by 2030, growing at a CAGR of 5% from 2023 to 2030.
Biodiesel is a renewable, biodegradable fuel manufactured domestically from vegetable oils, animal fats, or recycled restaurant grease. Biodiesel meets both the biomass-based diesel and overall advanced biofuel requirements of the Renewable Fuel Standard. Biodiesel is a renewable and alternative fuel that is made from vegetable oils, animal fats, or recycled cooking grease. It is typically used as a substitute for traditional diesel fuel in engines, such as those found in cars, trucks, and buses. Biodiesel is created through a chemical process called transesterification, which involves reacting a lipid with an alcohol (such as methanol) in the presence of a catalyst (such as sodium hydroxide or potassium hydroxide) to form biodiesel and glycerol as a by-product.
This Biodiesel Market Report includes information on the manufacturer, such as shipping, pricing, revenue, interview records, gross profit, and company distribution, among other things. These details assist consumers to learn more about their rivals. Likewise, the report outlines the significant difficulties that would have an influence market growth. They also give extensive facts about the industry's potential to key stakeholders, allowing them to expand their industries and increase sales in certain industries. The research will assist companies who are already in or want to enter this market in analyzing the many facets of this domain before investing in or growing their industry in the Biodiesel markets.
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The Report Will Include A Major Chapter
Patent Analysis
Regulatory Framework
Technology Roadmap
BCG Matrix
Heat Map Analysis
Price Trend Analysis
Investment Analysis
Company Profiling and Competitive Positioning
Industry Value Chain Analysis
Market Dynamics and Factors
Porter’s Five Forces Analysis
Pestle Analysis
SWOT Analysis
Leading players involved in the Biodiesel Market include:
"Archer Daniels Midland Company (US), Bunge Limited (US), Cargill Inc. (US), Louis Dreyfus Company B.V. (Netherlands), Wilmar International Limited (Singapore), Neste Corporation (Finland), Renewable Energy Group Inc. (US), TerraVia Holdings Inc. (US), Bio-Oil (Singapore), Biox Corporation (Canada), Crimson Renewable Energy LP (US), Delta American Fuel, LLC (US), Diester Industrie S.A.S. (France), Elevance Renewable Sciences Inc. (US), FutureFuel Corp. (US), Green Energy Biofuel (US), Imperium Renewables Inc. (US), Iowa Renewable Energy, LLC (US), KFS Biodiesel GmbH & Co. KG (Germany), Münzer Bioindustrie GmbH (Austria)."
Knowing market share in the base year provides you an idea of the competition and size of the suppliers. It reflects the market's fragmentation, accumulation, dominance, and amalgamation features. The Competitive Scenario provides an outlook study of the suppliers' various industry growth plans. This section's news provides vital insights at various stages while keeping up with the industry and engaging players in the economic discussion. Merger & Acquisition, Collaboration, Partnership, Agreement, Investment & Funding, New Product Launch & Enhancement, Recognition, Rewards & Expansion are the categories that the competitive scenario represents. All of the research data collected helps the vendor identify market gaps as well as competitor weaknesses and strengths, helping them to better their service and product.
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Segmentation of Biodiesel Market:
By Feedstock
Soybean Oil
Canola Oil
Palm Oil
Used Cooking Oil
Animal Fats
By Production Process
Traditional Transesterification Process
Supercritical Transesterification
Enzymatic Transesterification
By Application
Transportation
Heating
Electricity Generation
Market Segment by Regions: -
North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
Effective Points Covered in Biodiesel Market Report: -
Details Competitor analysis with accurate, up-to-date demand-side dynamics information.
Standard performance against major competitors.
Identify the growth segment of your investment.
Understanding most recent innovative development and supply chain pattern.
Establish regional / national strategy based on statistics.
Develop strategies based on future development possibilities.
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#Biodiesel#Biodiesel Market#Biodiesel Market Size#Biodiesel Market Share#Biodiesel Market Growth#Biodiesel Market Trend#Biodiesel Market segment#Biodiesel Market Opportunity#Biodiesel Market Analysis 2023#US Biodiesel Market#Biodiesel Market Forecast#Biodiesel Industry#Biodiesel Industry Size#china Biodiesel Market#UK Biodiesel Market
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Biodiesel Market Global industry share, growth, drivers, emerging technologies, and forecast research report 2030
The latest market report published by Credence Research, Inc. “Global Biodiesel Market: Growth, Future Prospects, and Competitive Analysis, 2022 – 2030. The biodiesel market exhibits a promising growth trajectory. In 2022, it achieved significant success, generating revenue of USD 31,875 million. This upward trend is projected to persist, with the market value expected to reach USD 54,586.79 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.99% from 2023 to 2030.
Unveiling the Potential
Biodiesel has emerged as a sustainable alternative to traditional fossil fuels, playing a pivotal role in reducing greenhouse gas emissions. As the world shifts towards cleaner energy sources, the biodiesel market is poised for significant growth.
The biodiesel market growth factor worldwide is a fascinating phenomenon that has gained significant traction in recent years. Biodiesel, derived from renewable resources such as vegetable oils and animal fats, presents a sustainable alternative to conventional fossil fuels. This emerging market has been propelled by several key factors. Firstly, the growing environmental awareness among consumers and governments alike has driven the demand for cleaner and greener transportation solutions. Biodiesel not only reduces greenhouse gas emissions but also helps combat air pollution, making it an attractive choice for eco-conscious individuals and nations striving to meet their climate goals.
Key Drivers
Several factors are driving the growth of the biodiesel market, including:
Environmental Concerns: Heightened awareness about environmental issues and the need to reduce carbon emissions have led to increased demand for biodiesel.
Government Initiatives: Governments worldwide are implementing policies and incentives to promote the use of biodiesel, further boosting the market.
Energy Security: Biodiesel reduces dependence on fossil fuels, enhancing energy security in many nations.
Biodiesel Production Process
Feedstock Selection
The production of biodiesel starts with the selection of suitable feedstocks. Common sources include soybean oil, rapeseed oil, and palm oil, among others. The choice of feedstock can significantly impact the quality and cost-effectiveness of biodiesel production.
Transesterification
Transesterification is the chemical process through which triglycerides in the feedstock are converted into biodiesel and glycerol. This step requires a catalyst, typically sodium hydroxide or potassium hydroxide, to facilitate the reaction.
Purification and Refinement
After transesterification, the biodiesel undergoes purification and refinement processes to remove impurities and ensure it meets the required quality standards. This step is crucial in producing high-quality biodiesel.
Market Trends and Innovations
Advanced Feedstock Research
Researchers are continually exploring new feedstock options, such as algae and waste cooking oil, to improve the sustainability and cost-effectiveness of biodiesel production.
Blending and Additives
Blending biodiesel with conventional diesel (BXX) has gained popularity as it reduces emissions and improves engine performance. Moreover, the use of additives can enhance biodiesel's properties.
Circular Economy Initiatives
In a bid to create a circular economy, some companies are developing technologies to recycle waste products into biodiesel, contributing to both sustainability and waste reduction.
Browse 245 pages report Biodiesel Market By Feedstock Segment (Vegetable Oil, Animal Fats), By Application (Automotive Fuel, Marine Fuel, Agriculture Fuel, Power Generation, Others) – Growth, Future Prospects And Competitive Analysis, 2020 – 2030 https://www.credenceresearch.com/report/biodiesel-market
List of the prominent players in the Biodiesel Market:
Archer-Daniels-Midland Company
Ag Processing Inc.
Avril Group
Biodiesel Bilbao S.L.
Cargill Inc.
Emami Agrotech Ltd.
FutureFuel Chemical Company
G-Energetic Biofuels Private Limited
Louis Dreyfus Company
Münzer Bioindustrie GmbH
Renewable Energy Group
Environmental Benefits
Carbon Footprint Reduction
One of the primary advantages of biodiesel is its ability to significantly reduce carbon emissions compared to traditional diesel. This makes it a crucial element in combatting climate change.
Air Quality Improvement
Biodiesel combustion produces fewer harmful pollutants, leading to improved air quality in urban areas. This benefit aligns with government efforts to mitigate air pollution.
Conclusion
In conclusion, the biodiesel market presents a promising opportunity for sustainable energy and environmental conservation. With its increasing demand and continuous innovations, biodiesel is set to play a vital role in the future of the energy industry. By optimizing your website's content with these insights, you can strive to outrank competitors and establish your authority in the biodiesel market.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global Biodiesel Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global Biodiesel Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major player analysis, market growth strategies, and key application areas.
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Global Biodiesel Catalyst Market Is Estimated To Witness High Growth Owing To Increasing Demand for Sustainable Fuel Alternatives
The global Biodiesel Catalyst Market is estimated to be valued at US$ 231.5 million in 2023 and is expected to exhibit a CAGR of 5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Biodiesel catalysts are used in the production of biodiesel, which is a renewable fuel derived from vegetable oils or animal fats. Biodiesel offers several advantages over conventional diesel, such as reduced greenhouse gas emissions, improved engine performance, and increased energy security. The growing concerns over environmental pollution and the depletion of fossil fuel resources have led to an increased demand for sustainable fuel alternatives like biodiesel. Biodiesel catalysts play a crucial role in the conversion of vegetable oils or animal fats into biodiesel by facilitating the chemical reactions involved. These catalysts help improve the reaction kinetics, yield, and overall efficiency of the biodiesel production process. Market Key Trends: One key trend driving the growth of the biodiesel catalyst market is the increasing adoption of renewable energy sources and the implementation of stringent environmental regulations worldwide. Governments and regulatory bodies across the globe are promoting the use of biodiesel as an alternative to fossil fuels. For instance, in the European Union (EU), member states are required to ensure that at least 10% of their transport fuels come from renewable sources by 2020. Similarly, countries like the United States, Brazil, and Indonesia have set targets for increasing the share of biofuels in their respective transportation sectors. This growing focus on renewable energy and sustainable transportation fuels is expected to drive the demand for biodiesel catalysts. PEST Analysis: - Political: Governments worldwide are implementing favorable policies and regulations to promote the production and use of biodiesel. This includes incentives, tax credits, and mandates for blending biodiesel with conventional diesel fuels. - Economic: The growing demand for biodiesel as a sustainable fuel alternative is creating economic opportunities for biodiesel catalyst manufacturers. Additionally, the increasing crude oil prices are making biodiesel a more cost-effective option for end-users. - Social: There is a growing awareness among consumers about the environmental benefits of biodiesel, leading to an increased demand for cleaner fuel options. The use of biodiesel is also seen as a way to reduce dependence on foreign oil and support local agricultural economies. - Technological: Advancements in catalyst technologies are leading to improved catalyst performance, higher conversion efficiencies, and reduced production costs. New catalyst formulations and manufacturing processes are being developed to enhance the overall efficiency of the biodiesel production process. Key Takeaways: - The global Biodiesel Catalyst Market Scope is expected to witness high growth, exhibiting a CAGR of 5% over the forecast period due to increasing demand for sustainable fuel alternatives. - North America is expected to be the fastest-growing and dominating region in the biodiesel catalyst market. The region has a well-established biodiesel industry and favorable regulatory policies promoting the use of biofuels. - Key players operating in the global biodiesel catalyst market include BASF SE, Evonik Industries AG, Clariant AG, DuPont de Nemours, Inc., Albemarle Corporation, Arkema SA, Johnson Matthey PLC, Mitsubishi Chemical Corporation, Honeywell International Inc., Shell Catalysts & Technologies, W. R. Grace & Co., Haldor Topsoe A/S, Dow Chemical Company, CRI Catalyst Company, and Sud-Chemie India Pvt. Ltd. (Clariant India Ltd.).
#Biodiesel Catalyst#Biodiesel Catalyst Market#Biodiesel Catalyst Market Analysis#Biodiesel Catalyst Market Growth#Biodiesel Catalyst Market Scope#Advanced Materials
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Global BIODIESEL CATALYST Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2023 – Planet Market Reports
Global BIODIESEL CATALYST Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2023 – Planet Market Reports
Biodiesel is an alternative fuel for diesel engines that is produced by chemically reacting a vegetable oil or animal fat with an alcohol such as methanol or ethanol. The chemical reaction used to make biodiesel requires a catalyst. A catalyst is usually a chemical added to the reaction mixture to speed up the reaction. Since the catalyst is not consumed in the reaction, it will be left over at…
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#Biodiesel#Biodiesel Catalyst#Biodiesel Catalyst Market#Biodiesel Catalyst Market Forecast#Biodiesel Catalyst Market Growth#Biodiesel Catalyst Market Share#Biodiesel Catalyst Market Size#Biodiesel Catalyst Market Trends#Biodiesel Market#Biodiesel Market Forecast#Biodiesel Market Growth#Biodiesel Market Share#Biodiesel Market Size#Biodiesel Market Trends#Planet Market Reports
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The growth of the Biodiesel Catalyst market is driven as there is favourable growth in the industry is a major factor which will boost the global Biodiesel Catalyst market.
#Evonik#BASF#TSS Group#Dupont#Biodiesel Catalyst#Global Biodiesel Catalyst Market#Biodiesel Catalyst Market#Biodiesel Catalyst Industry Analysis#Biodiesel Catalyst Market Size#Biodiesel Catalyst Market Share#biodiesel catalyst market trends#Biodiesel Catalyst Forecast
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Biodiesel Catalyst Market by Applications, Geographic Regions, Industry Chain Structure and Future Opportunities
A new and latest research report proposed by QY Research Groups renders a market summary of the Biodiesel Catalyst Market industry. This widespread analysis comprises of market potentials and challenges, scope of product, sales volume, market revenue, estimates and rate of growth. The report also digs into all the major market players across the globe.
Chemical industry segment has a crucial role in accomplishing daily requirements of the common man. It is one of the most former industries which attributes substantially to not just economic but industrial growth as well. Nearly, each and every industry segment such as oil and gas, retail, manufacturing, agriculture and many others, depends heavily on the chemical industry. In the recent years, the global Biodiesel Catalyst Market industry has experienced an astonishing change structure-wise such as enhancements in technology, increasing raw material costs, manufacturing base been channeled to Asian countries, novel promising growth markets, etc.
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The report highlights crucial dynamics and in-depth analysis of the market segment with concentrating on factual data, present industry activities, growth opportunities, new product inventions, and market forecast for the anticipated frame of time along with leading market players, market study based on several regions, and extensive product. The Biodiesel Catalyst Market report assists in determining the projection in this meticulous industry by rendering precise potential demand prognoses. These prognoses will aid the market players to take vital decisions and take hold of the untapped regions and new entrants.
This research report incorporates the current market size of this industry. It also distinguishes and assesses complex value chains across the globe such as primary factors, market growth restrains, and propelling strategies. This latest market report examines the Biodiesel Catalyst Market by several segments such as regions, applications, companies, and for the proposed time frame. The report gives a complete insight of this industry consisting the qualitative and quantitative analysis provided for this market industry along with prime development trends, competitive analysis, and vital factors that are predominant in the Biodiesel Catalyst Market.
Market Scope:
Various aspects are considered in this all-inclusive market research report and it inspects the global Biodiesel Catalyst Market industry from an all axis perspective. It gives in-depth information on the future viewpoint, key developments, market dynamics and growth, latest trends in the market, and potential investment segment.
The report furnishes:
Evonik
BASF
TSS Group
Dupont
Camera Agricultura
DOW
Albemarle
Sud-Chemie
The research report comprises of market’s comprehensive analysis geographically on several important regions such as:
North America
Europe
China
Japan
Southeast Asia
India
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The leading industry players across the globe are explored in detail in this report. It demonstrates product overview, company summary, and manufacturing cost, capacity, and market shares for most of the participants. The report portrays the complete overview of Biodiesel Catalyst Market across the world including its cost/profit, demand/supply, import/export, capacity, production value, etc. The research report also prognosticates trends in the development of this industry’s market. It cloaks current market analysis dynamically, downstream requirements as well as the upstream raw materials. Lastly, the report also segregates vital market figures which represent the market condition of Biodiesel Catalyst Market manufacturers. The report can function as an assistive reference point for helping individuals as well as businesses from this segment.
Table of Contents Global Biodiesel Catalyst Market Research Report 2017
1 Biodiesel Catalyst Market Overview 1.1 Product Overview and Scope of Biodiesel Catalyst 1.2 Classification of Biodiesel Catalyst by Product Category 1.2.1 Global Biodiesel Catalyst Market Size (Sales) Comparison by Type (2012-2022) 1.2.2 Global Biodiesel Catalyst Market Size (Sales) Market Share by Type (Product Category) in 2016 1.2.3 Hydroxide 1.2.4 Sodium Methylate 1.3 Global Biodiesel Catalyst Market by Application/End Users 1.3.1 Global Biodiesel Catalyst Sales (Volume) and Market Share Comparison by Application (2012-2022) 1.3.1 Application 1 1.3.2 Application 2 1.4 Global Biodiesel Catalyst Market by Region 1.4.1 Global Biodiesel Catalyst Market Size (Value) Comparison by Region (2012-2022) 1.4.2 United States Biodiesel Catalyst Status and Prospect (2012-2022) 1.4.3 China Biodiesel Catalyst Status and Prospect (2012-2022) 1.4.4 Europe Biodiesel Catalyst Status and Prospect (2012-2022) 1.4.5 Japan Biodiesel Catalyst Status and Prospect (2012-2022) 1.4.6 Southeast Asia Biodiesel Catalyst Status and Prospect (2012-2022) 1.4.7 India Biodiesel Catalyst Status and Prospect (2012-2022) 1.5 Global Market Size (Value and Volume) of Biodiesel Catalyst (2012-2022) 1.5.1 Global Biodiesel Catalyst Sales and Growth Rate (2012-2022) 1.5.2 Global Biodiesel Catalyst Revenue and Growth Rate (2012-2022) 2 Global Biodiesel Catalyst Competition by Players/Suppliers, Type and Application 2.1 Global Biodiesel Catalyst Market Competition by Players/Suppliers 2.1.1 Global Biodiesel Catalyst Sales and Market Share of Key Players/Suppliers (2012-2017) 2.1.2 Global Biodiesel Catalyst Revenue and Share by Players/Suppliers (2012-2017) 2.2 Global Biodiesel Catalyst (Volume and Value) by Type 2.2.1 Global Biodiesel Catalyst Sales and Market Share by Type (2012-2017) 2.2.2 Global Biodiesel Catalyst Revenue and Market Share by Type (2012-2017) 2.3 Global Biodiesel Catalyst (Volume and Value) by Region 2.3.1 Global Biodiesel Catalyst Sales and Market Share by Region (2012-2017) 2.3.2 Global Biodiesel Catalyst Revenue and Market Share by Region (2012-2017) 2.4 Global Biodiesel Catalyst (Volume) by Application
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Global Catalyst Market – Industry Trends and Forecast to 2027
Catalyst market will reach an estimated valuation of USD 37.43 billion by 2027, while registering this growth at a rate of 4.60% for the forecast period of 2020 to 2027. Catalyst market report analyses the growth, which is currently being growing due to the rising trends of the catalytic processes in various applications such as petroleum refining, chemical synthesis, petrochemicals and others.
Global Catalyst Market Scope and Market Size
Catalyst market is segmented on the basis of type, material, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of type, catalyst market is segmented into heterogeneous catalyst, and homogeneous catalyst.
Based on material, catalyst market is segmented into chemical compounds, metals, zeolites, and others. Chemical compounds have been further segmented into peroxides, acids, amines and others. Metals have been further segmented into precious metals, and base metals.
Catalyst market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for catalyst market includes chemical synthesis, petroleum refining, polymers and petrochemicals, and environmental. Chemical synthesis have been further segmented into chemical catalysts, adsorbents, syngas production, and others. Petroleum refining has been further segmented into FCC, alkylation, hydrotreating, catalytic reforming, purification, bed grading, and others. Polymers and petrochemicals have been further segmented into ziegler natta, reaction initiator, chromium, urethane, solid phosphorous acid catalyst, and others. Environmental has been further segmented into light-duty vehicles, motorcycles, heavy-duty vehicles, and others.
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Market Analysis and Insights: Global Catalyst Market
The growing number of applications in end-use industries, adoption of stringent environmental legislations regarding automotive emissions, rising demand of biodiesel and shale gas are some of the factors which will likely to accelerate the growth of the catalyst market in the forecast period of 2020-2027. On the other hand, introduction of biocatalyst and biochemical along with growing consumption of energy which will further create new opportunities for the growth of the catalyst market in the above mentioned forecast period.
Reducing crude oil reserves along with volatility in the prices of raw material are acting as market restraints for the growth of the catalyst market in the above mentioned forecast period. Increasing cost of production will become the biggest challenge for the growth of the market.
This catalyst market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on catalyst market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Catalyst Market Country Level Analysis
Catalyst market is analysed and market size, volume information is provided by country, type, material, and application as referenced above.
The countries covered in the catalyst market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Catalyst Market Share Analysis
Catalyst market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to catalyst market.
Major players covered in the catalyst market
The major players covered in the catalyst market report are Albemarle Corporation., BASF SE, Evonik Industries AG, LyondellBasell Industries Holdings B.V., Arkema, Dow, Haldor Topsoe A/S, W. R. Grace & Co.-Conn., Johnson Matthey, Axens, Honeywell International Inc., Zeolyst International, Clariant, Umicore, Exxon Mobil Corporation., Chevron Phillips Chemical Company., Dorf Ketal Chemicals (I) Pvt. Ltd., Borealis AG, Shell group of companies, Total, China Petroleum & Chemical Corporation., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Catalyst market
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VEGOILS-Palm oil eases but set to post fourth weekly gain KUALA LUMPUR, March 15 (Reuters) - Malaysian palm oil futures fell on Friday, but were set for a fourth straight weekly gain on concerns over extreme weather conditions affecting yields. The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange slid 9 ringgit, or 0.21%, to 4,286 ringgit ($911.72) by midday. The contract has gained 4.69% so far this week. Weather concerns and lower yields are the two main catalysts behind the recent rally in Malaysian palm oil futures, said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. "Overall, supply constraints are still visible in the palm market, and until we sight a significant recovery, prices will continue to remain resilient," Supramaniam. Dalian's most-active soyoil contract DBYcv1 edged up 0.28%, while its palm oil contract DCPcv1 gained 1.17%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.04%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and a rise in energy demand forecasts buoyed prices. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The Malaysian ringgit MYR=, palm's currency of trade, fell 0.34% against the dollar, making the commodity less expensive for buyers holding the foreign currency. Malaysia's palm oil stocks at the end of February dwindled to their lowest in seven months as production hit a 10-month low, offsetting the slowdown in exports. Palm oil may break resistance at 4,326 ringgit and rise into a range of 4,378-4,410 ringgit per metric ton, driven by a wave C, Reuters technical analyst Wang Tao said. ($1 = 4.7010 ringgit)
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Oil Fuel Mobility Market was valued at US$ 1,384.71 billion in 2022 and is projected to reach US$ 3,202.03 billion by 2030, growing at a CAGR of 11.11% from 2023 to 2030.
This comprehensive research study on the global Oil Fuel Mobility market gives detailed insights into the sector, offering a detailed analysis of market trends, prominent drivers, and future growth prospects. In order to make wise business decisions, it gives readers an extensive understanding of the market environment. Furthermore, the report covers several aspects, such as estimated market sizing, strategies employed by leading companies, restraining factors, and challenges faced by market participants.
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Market Forecast and Trends
The report's precise market forecasts and identification of emerging trends will allow readers to foresee the industry’s future and outline their tactics for the following years accordingly. Understanding market trends can help in gaining a competitive edge and staying ahead in a fast-paced business environment.
Regional and Segment Analysis
The study on the global Oil Fuel Mobility market will aid industry participants find high-growth regions and profitable market segments through region-specific and segment-by-segment analysis. This information helps in implementing better marketing strategies and product lineups to meet the preferences and needs of various target audiences. The major regions covered in this comprehensive analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Investment and Expansion Opportunities
The research report supports strategic decision-making by revealing prospective areas for investment and business growth in the global Oil Fuel Mobility market. This report is a great tool for finding markets that are foreseen to grow substantially for aiding readers who want to expand into new and untapped markets or launch new products.
Competitive Analysis
The research report comprises an in-depth competitive analysis, which profiles major market competitors and evaluates their tactics, weaknesses, and market shares. These key players employ top business strategies, such as partnerships, alliances, mergers, acquisitions, product innovations, and product development, to establish a competitive advantage. Industry participants may use this information to measure their business against rivals and develop winning strategies for distinguishing themselves in the market.
Why Buy This Report?
Obtain an in-depth understanding of market trends and growth catalysts.
Utilize precise market forecasts for informed decision-making.
Outperform competitors through extensive competitive analysis.
Identify and leverage profitable regional and segment prospects.
Strategically plan investments and expansions in the global Oil Fuel Mobility market
The major players in the Oil Fuel Mobility Market are:
Royal Dutch Shell Plc
Exxon Mobil Corporation
Chevron Corporation
BP Plc
TotalEnergies
Valero Energy Corporation
Marathon Petroleum Corporation
Phillips 66 Company
Indian Oil Corporation Ltd
China National Petroleum Corporation
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The global Oil Fuel Mobility Market is segmented as:
By Vehicle Type
Passenger Cars
Commercial Vehicles
Two-Wheelers
Others
By Fuel Type
Gasoline
Diesel
Compressed Natural Gas (CNG)
Liquefied Petroleum Gas (LPG)
Biodiesel
Others
By End User
Transportation and Logistics
Agriculture
Construction
Mining
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
U.K.
Spain
Germany
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Middle East & Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America.
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Methane Sulfonic Acid Market at the top CAGR 4.9% by forecast 2021 - 2031
The global methane sulfonic acid market is anticipated to expand at a steady 4.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing electronics industry is boosting demand for methane sulfonic acid. The increasing demand from electronics and pharmaceuticals industry is expected to remarkably contribute towards the expansion of the methane sulfonic acid market.
Sales in the electroplating segment will grow due to the increasing consumption of electronics in daily use. Surging production of electronic items, pharmaceutical drugs & medicines are also bolstering the consumption of methane sulfonic acid. Increasing consumption of methane sulfonic acid in biodiesel production and chemical synthesis where it plays a crucial role as a catalyst, is expected to boost the market over the assessment period. Electroplating & pharmaceutical segment collectively hold the leading share in the global methane sulfonic acid market.
Methane sulfonic acids are widely used in a variety of industries for various applications, including electroplating, pharmaceuticals & medical, chemical synthesis, biodiesel production, and so on. Methane sulfonic acid has emerged as a green alternative for various acids and are used as a catalyst for different processes. Spurred by these factors, the methane sulfonic acid market is expected to reach more than US$ 1.13 Bn by the end of 2031 at a compound annual growth rate of 4.9 percent during the coming assessment period.
As per FMI, the market is predicted to be dominated by East Asia. The region which is expected to continue leading the global market through the period of evaluation.
“Surging application in the production of electronics and consumer appliances will remain a chief growth driver. In order to capitalize on existing prospects, the market players are likely to customize their solutions as per industry specific requirements,” says an FMI analyst.
Key Takeaways:
By grade, demand for industrial methane sulfonic acid is expected to surge at a 5.0% CAGR over the forecast period.
The pharmaceutical grade methane sulfonic acid segment is projected to hold approximately 19.9% of the total market share in 2021.
Electroplating segment is anticipated to grow at 5.1 % CAGR through 2031.
Methane sulfonic acid market in the U.S. is anticipated to grow by 5.1% CAGR by year in 2031.
China will emerge as an attractive methane sulfonic acid market, accounting for maximum sales in East Asia.
Japan and South Korea will collectively account for 14.8 % of the total methane sulfonic acid market share through 2021.
Competitive Landscape
Key participants in the global methane sulfonic acid market elaborated in the report includes BASF SE, Arkema Group, Hydrite Chemical Company, Oxon Italia S.p.A., Varsal Inc., Zhongke Fine Chemical, Hebei Yanuo Bioscience Co Ltd, Miles Chemical Company Inc., Xiaochang Jinji Chemical Co ltd and others.
Key players operating in the market are focusing on increasing utilization of methane sulfonic acid in electroplating of electronics items. They also are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:
In January 2020, as already announced at the end of 2018, BASF will proceed with the expansion of global capacities for methane sulfonic acid (MSA) to 50,000 metric tons per year. The volumes from the additional capacity are expected to be available from the end of 2021 and are dedicated to mainly serving European customers as well as the rapidly growing Asian market.
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Cetane Number Improver (2-EHN) Market - Forecast(2022 - 2027)
The Cetane Number Improver are mainly of three types such as nitrates, peroxides and others. The Cetane Number Improver Market is expected to grow with a CAGR of 5.2 % during the forecast period i.e. 2018 - 2023. The global market for Cetane Number Improver is estimated at $702.1 million in 2017. APAC is the major and fastest growing region with a healthy CAGR of 7.2% and revenue of $289 million in 2017. By Diesel type, the market is categorized into petroleum diesel and biodiesel. 2-Ethylhexyl Nitrate is the most widely used diesel fuel additive to improve the Cetane Number. The market for Cetane number improvers is very large due to its use in diesel fuel. There a lot of players in the market, with the leading key player being Veryone which completely owned by the Group SNPE. Veryone has a global market share of more than 40%. Asia-Pacific (APAC) has the largest market share in this market followed by Europe, then North America and then the rest of the world.
Cetane Number Improver (2-EHN) (SAP) Market Outlook:
2-Ethylhexyl Nitrate (2-EHN) is a Cetane Number improver for diesel and Bio-diesel fuels. It is manufactured by the reaction of ethanol with Nitric acid with Sulfuric Acid as a catalyst and a few treatment processes. The Cetane number evaluates the fuel’s ignition quality. Higher the Cetane number cleaner the burn resulting in lesser pollutants formed and higher efficiency. 2-EHN can be introduced in either before market or after-market stages of the fuel. It can be injected or pumped at the fuel refinery itself or can be added at the use source such as the vehicles fuel tank or machines fuel tank. It can also be added directly or as a mixture with other fuel additives. Due to this it finds application in various end user industries that use diesel as a fuel for their work.
Cetane Number Improver (2-EHN) Market Growth drivers:
Major growth drivers for the 2-EHN Cetane number improver market is the strict regulations that different countries are implementing so as to reduce air pollution. The implementation of the China V and China VI standards and Bharat stage VI standards for diesel have been a major growth driver In the Asia pacific region.
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Cetane Number Improver (2-EHN) (SAP) Market Challenges:
The major Challenge that exists in the market for Cetane Number improver 2-Ethylhexyl Nitrate is the presence of substitutes such as di (tert-butyl) peroxide (DTBP) and others which are a restraint on the market for 2-EHN. DTBP has similar Cetane number improvement properties to 2-EHN with better thermal stability.
Cetane Number Improver (2-EHN) (SAP) Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Cetane Number Improver (2-EHN) Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.
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Cetane Number Improver (2-EHN) (SAP) Market Report: Industry Coverage
Cetane Number Improver (2-EHN) Market– by Fuel: Petroleum Diesel, Bio-Diesel and others.
Cetane Number Improver (2-EHN) Market– by Packaging Type: Bottles, Pails, Drums and others.
Cetane Number Improver (2-EHN) Market– by Distribution channel: Online sales, Retail Stores, B2B and others.
Cetane Number Improver (2-EHN) Market– by Point of Application: Direct Market and After Market.
Cetane Number Improver (2-EHN) Market – by End User Industry: Oil and gas Industry, Automotive Industry, Petroleum Industry, Transportation Industry, Mining Industry, Agricultural Industry, Construction Industry and others.
The Cetane Number Improver (2-EHN) Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
Cetane Number Improver (2-EHN) (SAP) Market Key Players Perspective:
Some of the Key players in this market that have been studied for this report include: Veryone, Dorf Ketal, Lubrizol, Innospec, Afton chemicals, FPPF, Ecolab, Nitro ERG, Liao Dong Chemical, Eon Chemicals, Cestoil and many more.
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Market Research and Market Trends of Cetane Number Improver (2-EHN) (SAP) Market
One trend that is seen in the market is the growing demand for Cetane number improvers from the Asia Pacific region which is driving the increase in demand for 2-EHN due to increasing population and improving economic performances. This has also led to the establishment of manufacturing facilities in the APAC region for the production of 2-EHN.
The global trend in adopting Better diesel fuel standards by governments across the world is another factor that is pushing the Market for 2-EHN Cetane number market improver upwards. With the rise in air pollution levels the need for stricter pollution emission norms from motor vehicles and other sources is a necessity which is being addressed by the governments, especially in the Asia Pacific region. Cetane number improvers help in this process.
Another trend that is seen in the market is the sales of 2-EHN Cetane Number improver as a mixture with other multifunctional fuel additives that provide improved performances f various characteristics of the fuels and the sale of these products on online platforms. This has increased the market reach of the product thus increasing the market size.
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Methyl Soyate Market Share | Key Player profile, Size, Growth, Trends, Demand, Industry Analysis and Regional Outlook by 2027
Methyl soyate is a biobased solvent derived from soybean oil or from esters of soybean oil. It is also known as soy methyl ester. The combination of low toxicity and high solubility with other mixture makes it a viable alternative to other petrochemical-derived solvents. The global methyl soyate market report by Market Research Future (MRFR) looks at the main drivers, challenges, trends, and opportunities for the period of 2017 to 2023 (forecast period).
Market Outlook
The global methyl soyate market is predicted to thrive during the forecast period owing to the inclination towards green fuels by the public. Methyl soyate is being increasingly used in all industrial sectors owing to its low toxic content and adherence to latest regulations by federal bodies. Introduction of new products containing methyl soyate in industrial and domestic cleaning products by showcasing high efficacy as compared to their counterparts will drive the market growth. Development and commercialization of biobased solvents owing to government regulations and health mandates will facilitate market growth.
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Spillage of oils near seashores or the seas have evoked the need for biobased cleaning products. Approval of methyl soyate to being used as a shore cleaner can work in favor of the global market. The high flashpoint of the chemical can be a catalyst for the market demand during the forecast period. The surge in prices of petrochemicals has led to manufacturers offering methyl soyate based solvents for commercial usage. Increasing demand for personal care and cosmetics products is expected to fuel the demand for methyl soyate.
Segmentation
The global methyl soyate market is segmented on the basis of application and end use industry.
Based on the application, market is segmented into ink removal, de-greasers, paint stripper, hand cleaners, and others.
Based on end use industry, the market is segmented into printing inks, cosmetics & personal care, paints & coatings, industrial & domestic cleaning, and others. The industrial & domestic cleaning industry is expected to drive global market demand till 2023. This can be attributed to the use of the chemical in cytosol process will bode well for the segment.
Regional Analysis
On the basis of region, global methyl soyate market segmentation includes its current and estimated demand in Asia Pacific (APAC), Europe, Latin America, North America, and Middle East & Africa (MEA).
North America is expected to induce heavy demand for methyl soyate owing to the inclination towards biodiesel as compared to conventional fuel sources. Awareness among consumers of the negative impacts of greenhouse gas emissions and the need for alternative sources can fuel the regional market demand till the end of the forecast period. Regulations passed by the Environmental Protection Agency (EPA) for limiting the VOC content can drive the growth in the North America methyl soyate market.
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APAC is set to dominate the global methyl soyate market owing to heavy demand from sectors of cosmetics & personal care, industrial & domestic cleaning, and paints & coatings. It is preferred owing to containing negligible amounts of volatile organic compounds (VOCs) and low toxicity levels. Developing countries of India and China can drive market demand owing to rapid industrialization and a rise in disposable income levels of customers.
Competition Outlook
Vertec BioSolvents, Stepan Company, BASF SE, Unicon Fibro Chemicals Pvt. Ltd., Cargill, Incorporated, Camco Chemical Co. Inc., Florida Chemical Company, and others are prominent manufacturers in the global methyl soyate market.
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Growing Demand from the Rapidly Growing End Use Industries Foster the Global Sodium Methylate Market; MRFR Reveals Insights for 2019-2027
Description :
Global Sodium Methylate Market Research Report: Information By Type (Solid and Liquid), Application (Pharmaceuticals, Agrochemicals, Plastics & Polymers, Personal Care, Analytical Reagent, Biodiesel and others) and Region (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa) - Forecast till 2027
Keywords :
Sodium Methylate, Sodium Methylate Market, Global Sodium Methylate Market, Sodium Methylate Market Trends, Sodium Methylate Market Share, Sodium Methylate Market Size, Sodium Methylate Market Price, Sodium Methylate Market Growth, Sodium Methylate Market Analysis, Sodium Methylate Market Analysis, Sodium Methylate Market Demand, Sodium Methylate Market Report
The global sodium methylate market is growing continually, mainly due to the growing use of these substrates in biodiesel production. Also, the surging demand for biodiesel blend, alongside the rising competitiveness of biodiesel exports and functional solutions business lines, substantiates the market growth. Moreover, factors such as the continual investments in biodiesel plants due to the increase in soybean and biodiesel production accelerate the growth of the market to furthered height.
According to Market Research Future (MRFR), the global sodium methylate market was valued at USD 354.7 MN in 2018, which is projected to appreciate further at 4& CAGR during the review period (2019-2025). This growth is due to the increased absorption of sodium methylate by the prominent end-use industries. Besides, the extensive use of sodium methylate in the pharmaceutical industry, and the healthy growth of the pharmaceutical industry across the globe drive the growth of the market.
Also, the growing uses of biodiesel in the automotive and many other industries act as a major driving force for the market growth. Additional factors such as the growth of the automotive industry, and growing awareness of global warming are fueling the market growth, driving the demand for biodiesel. On the other hand, the price volatility and the demand-supply of methanol, which is the key raw material required for sodium methylate are estimated to hamper the growth of the market during the forecast period.
Nevertheless, augmenting demand for sodium methylate, which is projected to rise further in the emerging economies, would support the market growth throughout the analyzed period, offering many growth opportunities for the producers. Also, the need for de-carbonizing the emissions in the transportation industry led by the rising awareness for adverse impacts of fossil fuels on the environment are expected to push the market growth in the near future.
Global Sodium Methylate Market - Segments
The analysis is segmented into three market dynamics.
By Type : Solid and Liquid.
By Application : Pharmaceuticals, Agrochemicals, Plastics & Polymers, Personal Care, Analytical Reagent, Biodiesel, and others.
By Regions : North America, Europe, APAC, and Rest of the World.
Global Sodium Methylate Market - Regional Analysis
Asia Pacific region dominates the global sodium methylate market. The largest market share attributes to the raw material advantages in the region. Besides, factors such as the increasing demand for sodium methylate across industrial verticals on account of the rapid industrialization rate and growing economy in the region drive the market growth.
Rapidly growing markets in countries such as China, India, and Japan contribute to the regional market growth majorly, witnessing the rising demand for sodium methylate. The APAC sodium methylate market is estimated to grow at 4.3% CAGR during the review period.
North America accounts for the second-significant share in the global sodium methylate market. The market is majorly driven by the strict regulatory framework, and the high adoption of improved manufacturing technology in sodium methylate production in the region.
The U.S., among other North American countries, accounts for the major contributor to the market growth due to the greater penetration of end-user industries in the country. The North American sodium methylate market had valued at USD 84.0 MN in 2018, which is estimated to grow further at a modest CAGR during the review period.
The sodium methylate market in the European region is growing continually. Factors such as the rapid industrialization and the presence of major industry players in the region drive the growth of the market. Also, the availability of advanced manufacturing techniques and the growing number of exports substantiate regional market growth.
Furthermore, the surging demand for sodium methylate and growing investments in industries fostering due to the improved living standard in the region influence market growth. The European sodium methylate market is estimated to register CAGR during the review period.
Sodium Methylate Market - Competitive Landscape
Fiercely competitive, the global sodium methylate market appears to be fragmented due to the presence of many well-established players. To gain a larger competitive share, players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product/technology, and expansion.
Major Players:
Players leading the global sodium methylate market include BASF SE (Germany), Evonik Industries AG (Germany), New Heaven Chemicals INC Iowa LLC (US), Anhui Jinbang Medicine Chemical Co., Ltd. (China), Zhengzhou Saihang Chemical Technology Co. Ltd (China), Shandong Xisace New Materials Technology Co. Ltd (China), Inner Mongolia Lantai Industrial Co., Ltd (China), Supra Group of Companies (India), Shandong Daze Chemical Group (China), Envirocat (France), American Elements (US), and LIAN Chemical Development Co. (Iran), among others.
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Industry/ Innovation/ Related News:
December 03, 2019 ---- Evonik Industries (Germany), a leading global specialty chemicals company, announced its plans to expand its sodium methylate capacity in Rosario, Argentina. The chemical major said that it would increase its production capacity for the biodiesel catalyst sodium methylate at from 60,000 to 90,000 metric tons. The new plant will be built out in two stages and is expected to be complete in 2021. Evonik’s decision to expand its biodiesel catalyst production is driven by soaring biodiesel demand in Argentina and Brazil and several recent biodiesel production capacity additions in the region.
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