#Biorefinery Technologies Market share
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Biorefinery Technologies Market To Boom In Near Future By 2029
A biorefinery integrates biomass conversion processes and equipment to produce products such as transportation biofuels, power, and chemicals from biomass. With the global rise in population, the industrial revolution and urbanization have also increased. Consequently, governments and organizations around the world are forging ahead in the direction of biorefinery technologies. In addition, the global environmental rules have also triggered numerous public and private initiatives related, incenting the adoption of processes relevant to biorefinery technologies. The fuel produced through the biorefinery process emits fewer greenhouse gases and is inexpensive, fueling demand for biorefinery technologies. Besides, the industry has increased emphasis on biofuels due to the world's diminishing fossil fuel supplies to meet the growing need for energy. These factors are accelerating the growth of the biorefinery technologies market in the forecast period.
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Paced Demand for Sustainable Energy to Stimulate Growth Across Biorefinery Technologies Market
The need for energy has significantly increased with the surge in the global population and rising standards of living. This, in turn, has propelled the demand for renewable energy sources. Against this backdrop, biorefinery technologies has emerged as a reliable solution to meet the growing needs for energy. Green biorefinery allows sustainable conversion of green biomass into a range of commercially viable goods and energy. These biorefineries offer affordable feedstock readily available in large quantities. Hence, green biorefinery has gained tremendous popularity. Such a scenario is poised to enhance the global biorefinery technologies market landscape, creating promising growth prospects for the upcoming years.
Rise in Demand from Chemical Industry to Unlock Novel Growth Opportunities for Biorefinery Technologies Market Participants
The growing production of chemical products from biomass has led to a rise in demand for biorefineries in the chemical industry. As compared to refineries that use fossil fuels, the biomass refineries are more sustainable, eco-friendly, and viable. This is because these waste materials are widely available, can collect carbon and biomass feedstocks, and are affordable renewable resources for large-scale commercial beneficiaries. As a result, the demand for biorefinery technologies is increasing in the chemical industry, assuring influential growth across the global market. Furthermore, the increased R&D activities are expected to amplify the production of goods with most advanced features. To this end, the global market is set to witness robust growth throughout the projection period.
North America to Acquire a Dominant Position in Biorefinery Technologies Market, Backed by Strong Government Support
North America is expected to hold a lion’s share in the biorefinery technologies market. This can be mainly attributed to growing environmental concerns around the globe. The government authorities in the region have also introduced various measures related to an abundance of biogas feedstock. Moreover, there are strict laws for monitoring domestic non-renewable resource consumption, fuelling the regional market growth. In addition to this, the region has experienced tremendous technological adoption. This has led to a surge in demand for environmentally friendly waste management techniques.
Leading Market Players
Some of the major players in the biorefinery technologies market include Valero Energy Corporation, Renewable Energy Group Inc., Abengoa Bioenergy SA, UOP LLC, Neste, and Pacific Ethanol Inc.
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Global Coniferyl Alcohol Market Analysis 2024: Size Forecast and Growth Prospects
The coniferyl alcohol global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Coniferyl Alcohol Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The coniferyl alcohol market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to the adoption of lignin-based additives in adhesives and coatings, growing interest in lignin as a precursor for carbon materials, increased demand for sustainable and eco-friendly products, investment in lignin valorization projects.
The coniferyl alcohol market size is expected to see strong growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the adoption of lignin-based products in various industries, growing interest in lignin valorization and biorefineries, government policies promoting the use of bio-based materials, and integration of lignin-derived products in the textile and paper industries. Major trends in the forecast period include research advancements in lignin-derived compounds, innovation in lignin depolymerization technologies, development of novel applications for lignin-based chemicals, technological developments in lignin extraction processes, investment in research and development for lignin-derived chemicals.
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Scope Of Coniferyl Alcohol Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Coniferyl Alcohol Market Overview
Market Drivers - The consumers increasingly prioritize health and wellness, which is expected to propel the growth of the coniferyl alcohol market going forward. Consumers increasingly prioritize health and fitness, emphasizing overall well-being and adopting lifestyle choices that promote vitality and optimal quality of life. Consumers increasingly prioritize health and wellness due to various factors, including a heightened awareness of preventive healthcare, the desire for natural and organic products, and the influence of digital health technologies. Coniferyl alcohol has various potential natural health benefits, such as promoting antioxidant-rich diets and contributing to overall wellness and vitality. For instance, in May 2022, according to a survey of 1,005 Americans ages 18 to 80 by the International Food Information Council, a US-based nonprofit education and consumer research organization, a notable surge in dietary consciousness was observed among Americans, with 52% reporting adherence to a specific diet or eating pattern in 2022. This marked a substantial rise compared to the preceding years, which recorded figures of 39% in 2021 and 43% in 2020. Therefore, consumers increasingly prioritize health and wellness, which is driving the growth of the coniferyl alcohol market.
Market Trends - Major companies operating in the coniferyl alcohol market are focused on forming strategic partnerships for new developments to enhance their product offerings and market reach. Strategic partnerships are formal agreements between two or more organizations to collaborate on specific business objectives while maintaining their independence. For instance, in September 2022, Qmx Laboratories, a UK-based supplier of specialist chemical and laboratory equipment, partnered with Toronto Research Chemicals Inc., a Canada-based manufacturer of complex organic chemicals, including Dehydrodiconiferyl alcohol, to launch a wide range of products, including biochemicals, fluorescent reagents, pesticides, pharmaceuticals, vitamins, and stable isotopes. They will also supply therapeutic and research targets for cancer research, including products in cancer immunology, growth factors, ligands, and labeled isotopes.
The coniferyl alcohol market covered in this report is segmented –
1) By Biosynthesis: Eugenol, Stilbenoids, Coumarin 2) By Application: Fragrance And Flavor, Polymer Materials, Other Applications 3) By End User: Food And Beverage, Cosmetics, Personal Care, Pharmaceuticals, Other End Users
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Regional Insights - Asia-Pacific was the largest region in the coniferyl alcohol market in 2023. The regions covered in the coniferyl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the coniferyl alcohol market are Thermo Fisher Scientific Inc., Merck & Co. Inc., FUJIFILM Corporation, Avantor, Lenzing AG, SRI International, Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology Inc., LEAP CHEM CO. LTD., Manchester Organics Ltd., TargetMol Chemicals Inc., Finetech Industry Limited, Lifeasible, DC Chemicals, Biorbyt Ltd, The Good Scents Company , Aladdin Scientific, Shanghai Acmec Biochemical Technology Co. Ltd., Molcore
Table of Contents 1. Executive Summary 2. Coniferyl Alcohol Market Report Structure 3. Coniferyl Alcohol Market Trends And Strategies 4. Coniferyl Alcohol Market – Macro Economic Scenario 5. Coniferyl Alcohol Market Size And Growth ….. 27. Coniferyl Alcohol Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Introduction to Synthetic Biology: Concepts and Applications
The global synthetic biology market size reached USD 10.35 Billion in 2021 and is expected to register a revenue CAGR of 26.7% during the forecast period, according to latest analysis by Emergen Research. Rising research and development activities in this field of synthetic biology, growing application of synthetic biology including living biotherapeutics, multiplexed diagnostics, and third-generation biorefineries as well rising investments towards synthetic biology start-ups developing tools and services are some of the key factors driving the revenue growth of the synthetic biology market.
The report on Global Synthetic Biology Market added by Emergen Research offers a comprehensive analysis of the recent advancements in the Synthetic Biology industry and trends driving the growth of the market. It is an investigative study covering analysis of market drivers, restraints, challenges, threats, and growth prospects in the global Synthetic Biology market. The global Synthetic Biology market report is a methodical research of the Synthetic Biology market done by extensive primary and secondary research. The fundamental purpose of the Synthetic Biology market report is to offer an accurate and strategic analysis of the Synthetic Biology business sphere.
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Competitive Terrain:
The global Synthetic Biology industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Amyris, Inc., Ginkgo Bioworks, Novozymes AG, Synbio Technologies, Evonetix Ltd., Calyxt, Inc., Codex DNA, Inc., GenScript Corporation., Twist Biosciences, and Eurofins Scientific, Inc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Synthetic Biology market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Synthetic Biology market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Synthetic Biology market.
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Market Segmentations of the Synthetic Biology Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Synthetic Biology market on the basis of product, application, and region:
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Synthetic DNA and Oligonucleotides
Enzymes
Synthetic Cells
Chassis Organisms
Xeno-nucleic acids
Others
Technology Outlook (Revenue, USD Billion; 2019-2030)
Gene Synthesis
Site-directed Mutagenesis
Cloning
Bioinformatics
Nucleotide Sequencing
Microfluidics
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Medical & Healthcare
Tissue Regeneration
Environment & Agriculture
Bioprocess Technology
Others
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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Bio-based Phenol Market is Predicted to Expand at a CAGR of 5.5% in 2031
The value of the global bio-based phenol market stood at US$ 12.5 Bn in 2021. The global market study on bio-based phenol estimated the market to rise at a CAGR of 5.5% during the forecast period, from 2022 to 2031. The Bio-based phenol market revenue analysis estimates the market to attain a value of US$ 21.3 Bn by 2031. The Bio-based phenol market outlook is estimated to be positive with the accelerated depletion of fossil fuels. These fuels are utilized in the production of a variety of goods, including phenol, is causing energy shortages all over the world. As a result, the price of petroleum-based phenol is rising. In addition, phenol derived from petroleum does leave a harmful impact on the environment. As a result, businesses must concentrate on alternate feedstock for petroleum-derived goods.
Renewable lignocellulosic biomass, such as grass, straw, and wood is used to make bio-based phenol. In order to diversify their revenue streams, manufacturers are likely to look toward lignin, which is a major source of bio-based phenol. In an effort to innovate in bio-based phenols, businesses are spending more on research and development activities of bio-based waste and residual oils.
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Market Segmentation
By Service Type: This includes bio-based phenol production, distribution, and aftermarket services.
By Sourcing Type: Segmented into biomass-derived phenol, lignin-derived phenol, and others.
By Application: Including resins, adhesives, pharmaceuticals, and others.
By Industry Vertical: Segments such as automotive, construction, healthcare, and more.
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Regional Analysis
North America: Leading in terms of technological advancements and regulatory support for bio-based chemicals.
Europe: Strong emphasis on sustainability and environmental regulations drive market growth.
Asia-Pacific: Rapid industrialization, increasing consumer awareness, and supportive government policies boost market demand.
Global Bio-based Phenol Market: Key Players
Some of the key market players are
Lanxess Deutschland GmbH
Koninklijke DSM N.V.
Tecnon OrbiChem Ltd.
Borealis AG
Mitsui Chemicals, Inc.
UPM Biochemicals GmbH
Market Drivers and Challenges
Drivers:
Environmental regulations favoring bio-based products.
Growing consumer preference for sustainable chemicals.
Technological advancements in biorefinery processes.
Challenges:
Initial high costs of bio-based phenol production.
Limited availability of bio-based feedstocks in certain regions.
Competition from conventional phenol derived from fossil fuels.
Market Trends
Increasing Investments: Key players investing in expanding production capacities and R&D for novel bio-based phenol technologies.
Partnerships and Collaborations: Collaborative efforts between industry players and research institutions to develop sustainable solutions.
Product Diversification: Expansion of bio-based phenol applications into new industry verticals such as electronics and packaging.
Future Outlook
The bio-based phenol market is poised for substantial growth in the coming years, driven by sustainability goals, technological advancements, and shifting consumer preferences. As production costs decrease and economies of scale improve, bio-based phenol is expected to gain significant market share globally.
Key Market Study Points
Comparative analysis of bio-based phenol vs. conventional phenol markets.
Assessment of regulatory frameworks impacting market dynamics.
Technological advancements in bio-based phenol production processes.
Market penetration strategies for emerging economies.
Competitive Landscape
Key players in the bio-based phenol market include major chemical companies, biotechnology firms, and renewable energy companies. Competition revolves around product quality, pricing strategies, distribution networks, and sustainability initiatives.
Recent Developments
Launch of novel bio-based phenol production technologies.
Strategic partnerships for feedstock sourcing and market expansion.
Investments in sustainable practices and circular economy initiatives.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
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Kraft Lignin Products Market: Growth Drivers, Emerging Trends and Future Outlook By 2024-2030 | GQ Research
The Kraft Lignin Products is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Kraft Lignin Products showcased a significant presence, boasting a valuation of USD 1.34 billion. This underscores the substantial demand for Explosion Proof Motors technology and its widespread adoption across various industries.
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Projected Growth: Projections suggest that the Kraft Lignin Products will continue its upward trajectory, with a projected value of USD 1.80 billion by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.
Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 3.2% %, reflecting a steady and robust growth rate for the Kraft Lignin Products over the coming years.
Technology Adoption:
In the Kraft Lignin Products market, technology adoption plays a crucial role in shaping the industry landscape. As advancements continue to be made in the extraction, processing, and utilization of lignin, manufacturers are presented with opportunities to diversify their applications and enhance product offerings. The adoption of innovative technologies such as enzymatic treatment, membrane separation, and chemical modification processes enables the production of lignin-based materials with improved properties and functionalities.
Application Diversity:
The versatility of Kraft lignin products allows for a wide range of applications across various industries. From its traditional uses in adhesives, resins, and construction materials to emerging applications in carbon fiber production, bio-based polymers, and animal feed additives, the diverse functionality of lignin continues to drive its adoption in new and innovative ways. As research and development efforts expand, the potential for novel applications in sectors such as pharmaceuticals, cosmetics, and energy storage further enhances the appeal of Kraft lignin products in the market.
Consumer Preferences:
Consumer preferences for sustainable and eco-friendly products have fueled the demand for Kraft lignin products. As awareness of environmental issues grows, there is an increasing emphasis on utilizing renewable resources and reducing carbon footprints across industries. Manufacturers that prioritize the use of Kraft lignin as a bio-based alternative to conventional materials can capitalize on this trend by offering products that align with consumer values and preferences for sustainability.
Technological Advancements:
Ongoing technological advancements in lignin extraction and processing techniques have significantly improved the quality and consistency of Kraft lignin products. Innovations such as solvent-based fractionation, enzymatic hydrolysis, and biorefinery processes have enhanced the efficiency of lignin recovery from biomass feedstocks while minimizing environmental impact. Furthermore, advancements in downstream processing enable the customization of lignin properties to meet specific application requirements, opening up new possibilities for market expansion and product innovation.
Market Competition:
The Kraft Lignin Products market is characterized by intense competition among key players vying for market share and differentiation. Established manufacturers leverage their expertise in lignin chemistry and process engineering to maintain a competitive edge, while startups and research institutions contribute to market dynamism through the development of novel technologies and applications. Collaboration and strategic partnerships along the value chain are increasingly common as companies seek to optimize production processes, expand distribution networks, and capture emerging market opportunities.
Environmental Considerations:
Environmental considerations are paramount in the Kraft Lignin Products market, given the industry's focus on sustainability and circularity. Lignin, as a natural polymer derived from renewable biomass sources, offers inherent environmental advantages compared to fossil-based alternatives. By valorizing lignin as a biogenic carbon resource, manufacturers contribute to carbon sequestration efforts and mitigate greenhouse gas emissions associated with traditional petrochemicals. Furthermore, the utilization of lignin residues and by-products in energy generation and soil amendment applications enhances the overall environmental profile of Kraft lignin production processes, aligning with circular economy principles and driving sustainable development within the industry.
Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.
Key players in the industry include:
Borregaard Lignotech
Domtar Corporation
Stora Enso
Resolute Forest Products
Nippon Paper
UPM Biochemicals
West Fraser
Ingevity
Suzano
Changzhou Shanfeng Chemical Industry Co.Ltd.
The research report provides a comprehensive analysis of the Kraft Lignin Products, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.
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#KraftLignin#EcoFriendlyProducts#SustainableMaterials#BioBasedChemicals#InnovativeTechnology#GlobalMarketTrends
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Perfume Ingredient Chemicals Market Size, Share, Demand, Growth and Trends by 2027
As per Future Market Insights, global sales from the sales of perfume ingredient chemical substances turned into valued at US$ 6.7 Bn in 2022 and is projected to attain a market cost people US$ 8.9 Bn by way of 2027 cease, growing at a CAGR of 5.7% for the duration of the forecast period i. E. Between 2022 and 2027. In line with a brand new e-book via Future Market Insights titled “perfume ingredient chemical compounds market: worldwide enterprise analysis (2012 – 2021) and opportunity assessment (2022 – 2027),” most of the organizations manufacturing perfume ingredient chemical substances attention to the production of perfumes and substances with artificial chemical substances.
The professional analysts of destiny market insights have found that the non-public care and cosmetics industry will witness major opportunities for boom and is all set to assist market gamers increase their market percentage and commercial enterprise sales.
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List of Key Players Covered in Perfume Ingredient Chemical Substances Market are:
Sensient Technologies Corporation
BASF SE
Eternis Fine Chemicals
YingYang (China) Aroma Chemical Group
KDAC CHEM Pvt. Ltd.
Frutarom
Harmony Organics Pvt. Ltd.
Atul Ltd.
Godavari Biorefineries Ltd.
Givuadan
Firmenich
International Flavors and Fragrances Inc.
Symrise
Takasago International Corporation
MANA SE
Robertet SA
Charkit Chemical Company LLC
Henkel AG & Co KGaA ADR
T. Hasegawa USA
Huabao International Holdings Limited
Charkit Chemical Company LLC
Worldwide perfume ingredient chemical substances market: forecast by utility
On the idea of application, the worldwide perfume ingredient chemicals market is segmented into fine perfume, domestic care, laundry care, private care, cosmetics, and others. The excellent perfume section accounted for a full-size market value percentage of 22. 3% in 2022, accompanied through the private care segment. The personal care phase is predicted to remain dominant until 2027. This phase is likewise predicted to stay the maximum lucrative at some point of the forecast duration.
Worldwide perfume aspect chemicals market: forecast using product type
Product type segmentation incorporates synthetic aroma chemical compounds and critical oils. The artificial aroma chemical substances section is further segmented into alcohols, esters, ethers, ketone, and others. Important oils phase is sub-segmented into orange, citronella, peppermint, eucalyptus, and others.
The synthetic aroma chemicals segment is anticipated to witness the highest fee CAGR of 5.7% inside the international perfume ingredient chemical substances market. The fee factor is predicted to transport market players to adopt synthetic products; in addition, a worldwide trend toward inexperienced products is expected to create moneymaking opportunities for manufacturers of critical oils due to a growing patron preference for natural products
Global perfume ingredient chemicals market: key players
sentient technology business enterprise, basf se, eternal exceptional chemicals, yingyang (china) aroma chemical organization, doc Chem Pvt. Ltd., frutarom harmony Organics Pvt. Ltd., atul ltd, Godavari biorefineries ltd, Givaudan Firmenich, international flavors, and perfumes inc., sunrise, takasago international organization, mana use, Robert a, t. Hasegawa u. S., huabao international holdings restrained, Zhejiang, Xinhua chemical co., ltd, Henkel ag & co kg ADR, and chart chemical organization LLC are a number of the leading companies running inside the global market which have been profiled in this report.
Perfume Ingredient Chemicals Market by Category
By Product Type:
Alcohol
Esters
Ethers
Ketone
Others (Thiols, Dienals, etc.)
Orange
Citronella
Peppermint
Eucalyptus
Others (Rose, Sandalwood,Orange etc.)
By Application:
Fine Fragrance
Home Care
Laundry Care
Personal Care
Cosmetics
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa
Browse Detailed Summary of Research Report: https://www.futuremarketinsights.com/reports/perfume-ingredient-chemicals-market
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Key Trends Shaping the Distillation Systems Market
The report "Distillation Systems Market by Technique (Fractional, Steam, Vacuum, MED), Application (Water Treatment, Food, Beverage, Petroleum, Pharmaceutical, Chemical), Operation (Continuous, Batch), Component, Type, Process, and Region - Global Forecast to 2023", The distillation systems market is estimated to at USD 6.17 billion in 2018 and is projected to reach USD 7.91 billion by 2023, at a CAGR of 5.1%. Factors such as growing industrialization and urbanization have significantly fueled the market growth of distillation systems for various industrial applications. Increasing urbanization leads to a surge in demand for water treatment systems and products from the oil & gas, food & beverage, healthcare, and manufacturing industries. Imposition of regulations and rise in the demand for pure products including water is projected to fuel the demand for the distillation systems. On the account of these factors, the global market is projected to witness significant growth during the forecast period.
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The distillation systems market, based on components, is segmented into column shells, plates & packings, reboilers & heaters, condenser, and others. The column shells segment is estimated to dominate the market with the largest share in 2018 due to the high cost of the components. This is followed by the plates & packings segment, as these are consumable components in the distillation systems and are used largely across industries.
The market, based on technique, is segmented into fractional, steam, vacuum, multiple-effect (MED), and others. The vacuum segment is projected to grow at the highest CAGR among all distillation techniques from 2018 to 2023. The technique is widely used for the separation of components, where chances of decomposition are high due to change in temperature and pressure. Vacuum distillation is commonly used for the separation of heavy hydrocarbon residues that are left during the atmospheric distillation of crude oil.
Based on application, the market is segmented into petroleum & biorefineries, water treatment, food, beverages, pharmaceuticals, cosmetics, and chemicals. Of the various applications, the beverages segment is projected to witness the fastest growth due to the high growth of the alcoholic beverage market. Distillation is an important process used in the manufacturing of alcoholic beverages, such as wine, beer, brandy, gin, rum, whiskey, and vodka. Although the continuous distillation process used in the manufacturing of alcoholic beverages dominates the market segment, the batch distillation process is also used significantly to manufacture alcoholic beverages with various flavors and different percentage levels of alcohol.
The Asia Pacific market has witnessed robust growth in the distillation systems market. The Asian subcontinent is an emerging market, which is growing at a rapid pace. Desalination requirements, high consumption of alcoholic beverages, and the rising potential for industrial growth highlight the positive growth prospects in the region. Countries such as China, India, South Korea, Australia, and Japan are among the key manufacturing hubs in the region. Distillation system manufacturers are mainly focusing on expanding their presence in the Asia Pacific market through new product launches and expansions to strengthen their position. The growing R&D activities by governments as well as private organizations in the region is projected to drive the market growth. Technological advancements in Asia Pacific countries due to the development of infrastructure provides a potential scope for innovation in the production of distillation systems, thereby improving their cost-effectiveness and output.
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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), L&T Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).
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Global Ethyl Acetate (EA, CAS 141-78-6) Market- Analysis And Forecast 2021-2027
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Ethyl acetate, often abbreviated EA, is the organic compound with the formula C4H8O2. It is a broadly utilized solvent and raw material in chemical and pharmaceutical industries.
According to the report analysis, ‘Global Ethyl Acetate (EA, CAS 141-78-6) Market, 2021-2027’ states that Celanese Corporation, Godavari Biorefineries Ltd., Godavari Sugar Mills Ltd., Ineos Group Ltd., Jiangsu Lianhai Biological Technology Co., Ltd., Jiangsu Ruifeng Polymer Materials Co., Ltd. (Taizhou Ruibai Chemical Co., Ltd.), Jiangsu Baichuan High-tech New Materials Co., Ltd., Jiangsu Sopo (Group) Co., Ltd., Korea Alcohol Industrial Co., Ltd., Shanghai Huayi Chemical Co., Ltd., Laxmi Organic Industries Ltd., Jubilant Life Sciences Limited, Maharashtra Aldehydes & Chemicals Ltd. (MACL), Rhythm Chemicals Pvt. Ltd., Shandong Jinyimeng Group Co. Ltd., Shanghai Wujing Chemical Co. Ltd., Showa Denko K.K., Sipchem Chemicals Company (SCC), Solvay S.A., Wuxi Baichuan Chemical Industrial Co., Ltd., among others are the foremost companies which presently functioning in the ‘Global Ethyl Acetate (EA, CAS 141-78-6) Market’ more efficiently for ruling around the globe, registering the great value of market share, generating the highest percentage of revenue, obtaining the competitive edge, keep maintaining the governing position and leading the highest market growth by improving the qualitative and quantitative measures of such, establishing the several research and development programs, decreasing the associated prices of such, spreading the awareness connected to the applications and advantages of ethyl acetate, implementing the policies of profit making and strategies of expansion, increasing the features and benefits of ethyl acetate and analysing the strategies and policies of government as well as similar entities.
The mounting prerequisite for ethyl acetate in end-user Industries is possible to boom up the market in the review period. Ethyl acetate purposes as a hardener and activator in paints and dissimilar coatings likewise cellulosic, vinyl, epoxies, and acrylics for it its performance, little toxicity, low odor, and low cost. The prerequisite for ethyl acetate market will grow due to the application of the coating in construction, mining, agriculture, and other segments. Also, the wide-ranging range of applications of ethyl acetate in the food and beverage industry will have an optimistic impression on the market.
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Ethyl acetate is also utilized to make leather products, and the usage of ethyl acetate to make leather products such as bags, wallets, purses, and other accessories is bringing fresh opportunities for the market. The Food Industry is augmenting rapidly and fulfilling the requirement of the customers. The vendors are using ethyl acetate to add artificial flavours, and it is producing a positive impression on the ethyl acetate market. The growing need for cleaners and nail polish remover, the requirement for ethyl acetate in pharmaceutical segments will bring more opportunities for the market during the future.
Ethyl acetate is applicable in several Industries, and it had a broad range of use in several areas. Therefore, the prerequisite for ethyl acetate will increase the growth of the market in the forthcoming years the market is feasible to see ethyl acetate price trend enlarge in the forthcoming years.
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Global Ethyl Acetate (EA, CAS 141-78-6) Market, 2021-2027
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Nanocellulose Market is Growing at a CAGR of 18.15% in 2028
Nanocellulose market will grow at a rate of 18.15% for the forecast period of 2021 to 2028. Rising strong product demand across the packaging industry is a vital factor driving the growth of nanocellulose market.
Nanocellulose is obtained from plants and plant matter which can be described as a light weight solid substance which includes nanosized cellulose fibrils. This material obtained has the characteristics of glue like substance in normalized conditions, is a conductor of electricity and is transparent in colour; the tensile strength of said substance is very high and is non-toxic in nature.
Segmentation: Global Nanocellulose Market
· By Application (Pulp & Paper, Composites & Packaging, Biomedical & Pharmaceuticals, Electronics & Sensors, Oil & Gas, Paint & Coatings)
· By Type (Microfibrillated Cellulose & Nanofibrillated Cellulose, Cellulose Nanocrystal/Nanocrystallin Cellulose, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Key Market Competitors: Global Nanocellulose Market
Few of the major market competitors currently working in the nanocellulose market are Innventia, FPINNOVATIONS, CelluForce, Stora Enso, Kruger Inc., DAICEL FINECHEM LTD., Borregaard, NIPPON PAPER INDUSTRIES CO. LTD., UPM., Melodea Ltd., CelluComp, Blue Goose Biorefineries Inc., Oji Holdings Corporation., VTT, Sappi., Weidmann Holding AG, BioVision Technologies Inc., J. RETTENMAIER & SÖHNE GmbH + Co KG, Novozymes, INEOS AG, Triveni Interchem Private Limited (Group Of Triveni Chemicals)., Asahi Kasei Corporation., and BASF SE.
Competitive Analysis: Global Nanocellulose Market
Global nanocellulose market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nanocellulose market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Due to its characteristics and advantages, there is expected to be a rise in applications of nanocellulose in a number of industries which is expected to drive the market growth
· Increased amount of research and development expenditure from government and private enterprises is expected to drive the market growth
Market Restraints:
· Need for specific instruments and machinery for the extraction and obtainment of the material is expected to restrain the market growth
· Lack of standardization and regulations pertaining to the material is also expected to restrain the market growth
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Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
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Biodiesel Market 2022 Worldwide Industry Trends, Share, Gross Margin & Forecast To 2030
Biodiesel is a renewable feedstock manufactured from transesterification. It is used as a replacement fuel for petrol or diesel and mixed in equal proportion in vehicles. Biodiesel can reduce carbon emissions and finds use in marine, agriculture, mining, aviation, automotive, and industrial. The global biodiesel market report by Market Research Future (MRFR) assesses the various variables affecting the market such as drivers, challenges, opportunities, and trends for making astute projections for the period of 2021 to 2028 (forecast period). It covers the undertaking of renewable projects, government initiatives, and the COVID-19 outbreak in its assessment.
Market Scope
The global biodiesel market is predicted to display an astounding growth rate over the forecast period. It is primarily driven by the awareness of depletion levels of non-renewable energy sources. Efforts taken by various countries for alleviating the effects of greenhouse gas emissions and opportunities in regions of Colombia, Argentina, and India can bode well for the market. Surge in the demand for renewable energy and improvements in technology for generation of biodiesel can favor the market. The use of vegetable oil derived from corn, canola, and soybean are likely to push the production of biofuels and in turn the biodiesel market.
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The COVID-19 pandemic has severely impacted the global market growth. The resulting lockdowns has led to closure of units and facilities in the industrial sector coupled with the decline in demand of electricity. But the integration of biodiesel as a fuel source after the rollback of pandemic measures can lead to an uptick in the global biodiesel market.
High demand for corn, palm, and soybean can hamper market growth.
Segmentation
The biodiesel market has been segmented on the basis of application into off grid electricity supply and transportation. The transportation segment is expected to accrue huge revenues for the market owing to demand for alternative fuel and rollout of electric vehicles. Utilization of biodiesel for reducing effects of greenhouse gas emissions as well as entry of electric vehicle manufacturers can drive the segment growth.
On the basis of type, the market has been segmented into methanol, biohydrogen, and cellulosic ethanol.
Regional Analysis
North America is expected to dominate the biodiesel market mainly due to the favorable government regulations. The integration of biofuels in industries for generating in-house power is expected to increase in the North American region providing the market with scope for further growth. In addition, the renewable fuel standards (RFS) which requires the blending of a proportion of renewable fuel in transportation fuel can drive the demand for biodiesel.
Europe and Asia Pacific are other major regions for the biodiesel market due to boost in the manufacturing sector in these regions. Europe can drive a majority of the demand owing to the focus of governments in the region for replacing carbon based products with bio-based products. India and China are expected to contribute to the APAC market owing to the demand for diesel-driven vehicles rises. Establishment of biorefineries and initiatives by governments for reducing dependence on crude oil can drive the demand for biodiesel.
Competitive Outlook
Abengoa Bioenergy, Amyris, INEOS New Planet BioEnergy, Poet-DSM Advanced Biofuels LLC, Canergy LLC, and Enerkem are key players of the global biodiesel market.
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Ethyl Acetate Market: Industry Analysis and Forecast 2027
Ethyl Acetate Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at a 5.9% CAGR during a forecast period
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Ethyl acetic acid is an ester complex which is synthesized from esterification of ethanol and acetic acid in the presence of a strong acid. It is utilized as a solvent for varnishes, finishes, cleaning, and nitrocellulose. Ultra-pure ethyl acetic acid is employed as a nail polish remover and cleaning of electric circuit sheets. Low purity ethyl acetic acid can be utilized in pharmaceuticals, scents, printing inks, and foods. It can be utilized as a solvent for herbicides and in decaffeination of tea and coffee. Ethyl acetic acid is utilized in covering formulations for wood furniture, manufacturing of instruments, mining hardware, farming hardware, and marine equipment.
The scope of the report includes a comprehensive study of global as well as regional markets for Ethyl Acetate with the rationales given for variants in the growth of the industry in certain regions.
The ethyl acetate market is mainly propel by its high demand in key end-use industries. It has uses as an activator and harder in paints and a range of coating formulations such as epoxies, urethanes, cellulosic, acrylics, and vinyl, due to its greater performance, less harmfulness, low odor, and inexpensive. The necessity for ethyl acetate is growing because of its raising applications in coating formulations for wood furniture, manufacturing of instruments, mining hardware, farming hardware, and marine equipment. Among end-use industries, food and beverages industries are highly utilize the ethyl acetate as flavor enhancer, due to this, it held the maximum volume share in the ethyl acetate market in 2018. Increasing requirement of ethyl acetate in food & beverages industries are anticipated to amplify growth of the ethyl acetate market.
Ethyl acetate is utilized in the solvent cast process for making flexible packaging sheets. Flexible packaging is highly versatile, existing in various sizes, low cost, has a long shelf life, and can be recycled and hence, it is extensively employed in the packaging industry. Therefore, growing demand for flexible packaging propels the ethyl acetate market. This trend is anticipated to remain throughout the forecast period, as the demand for flexible packaging is growing due to the emergence of e-commerce and e-retail companies. On the other hand, the inconstancy in raw material costs and long term exposure of ethyl acetic acid causes nose, eye, and throat irritation along with other health-related problems are the factors which impedes the market growth in forecast period.
In Ethyl acetate market report, the End-User Industry segment comprises Artificial Leather, Pharmaceuticals, Printing Inks, Food and Beverage, Packaging and Others. The Food and Beverage sub-segment held a leading shares due to higher utilization of ethyl acetate as flavor enhancer and Flexible packaging. The Application segment is comprises Food & Beverages, Printing Inks, Cosmetics, Paints & Coatings, Adhesives, Pharmaceuticals, Herbicides and Others. The Paints & Coatings sub-segment holds significant share of the market, due to its low toxicity, odorless and increased usage in manufacture of paints, coatings, and varnishes.
Based on regional segment, the Ethyl Acetate Market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of profits, Asia Pacific recognized a noticeable share of the Ethyl Acetate Market due to the low production cost of Ethyl Acetate and growth in large-volume exports of Ethyl Acetate by China. The Asia Pacific market is projected to surge at a rapid pace throughout the forecast period. North America and Europe also held a substantial share of the Ethyl Acetate Market and these regions is likely to enlarge at an adequate pace throughout the projected period.
In ethyl acetate market, North America and Asia Pacific are prominent regions in terms of volume. Asia Pacific is estimated to growth at a noteworthy pace in ethyl acetate market during the projected period, in terms of value. The market in Middle East & Africa is projected to grow substantially throughout the forecast period due to the increase in the industrialization and rise in demand for these solvents for production of printing inks, varnishes and protective coatings for applications in industries like building & construction and Printing Inks in the region.
The China, India, Japan, and ASEAN are expected to grow at a considerable pace in ethyl acetate market during the forecast period due to the rise in demand for ethyl acetate in several applications like food & beverage, cosmetics, printing inks, and pharmaceuticals.
The report covers the market leaders, followers and new entrants in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. For example, in 2018, East Penn Manufacturing Co. announced the opening of its Oelwein Fill, Form, and Finish and Distribution facility. Long term association, strategic alliances, supply chain agreement and M&A activities are covered in the report in detail from 2014 to 2019.
Expected alliances and agreement in forecast period will give future course of action in the market to the readers. More than ten companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.
The objective of the report is to present a comprehensive analysis of the Ethyl Acetate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Vehicle on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Ethyl Acetate Market dynamics, structure by analyzing the market segments and project the Ethyl Acetate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Ethyl Acetate Market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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Scope of the Ethyl Acetate Market: Inquire before buying
Ethyl Acetate Market, By End-User Industry
• Food and Beverage • Pharmaceuticals • Printing Inks • Artificial Leather • Packaging • Others Ethyl Acetate Market, By Application
• Printing Inks • Adhesives • Cosmetics • Paints & Coatings • Pharmaceuticals • Food & Beverages • Herbicides • Others Ethyl Acetate Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America Key players operating in the Ethyl Acetate Market
• Celanese Corporation • Eastman Chemical Company • INEOS • Jubilant Life Sciences • Lonza • Sekab Biofuels & Chemicals AB • PT. Indo Acidatama Tbk • Solvay • Merck KGaA • Shandong Jinyimeng Group Co. Ltd. • DAICEL CORPORATION • KAI CO., LTD. • Sipchem • SHOWA DENKO K.K. • Jiangsu SOPO (Group) Co., Ltd. • Ashok Alco - chem Limited • Solventis Ltd. • Kanoria Chemicals & Industries Limited • Yip's Chemical Holdings Limited • GODAVARI BIOREFINERIES LTD. • Sasol Ltd. • Eastman Chemical Co. • Sigma-Aldrich Corp. • Jubilant Life Science Ltd. • Jinyimeng Group Co. Ltd. • Wood and Chemicals • Nippon • Lee Chang Yung • Shanghai Wujing
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2,3-butanediol market to reach valuation of ~us$ 300 MN by 2030
2,3-Butanediol Market: Introduction
In terms of value, the global 2,3-Butanediol market is anticipated to expand at a CAGR of 3.5% from 2020 to 2030. The rise in demand for rubbers such as styrene–butadiene rubber, styrene–butadiene latex, nitrile rubber, and chloroprene rubber in the tire industry is expected to drive the global 2,3-Butanediol market, as 2,3-Butanediol is converted into 1,3-Butadiene that is extensively employed in the manufacture of different kinds of rubbers. 2,3-Butanediol acts as a precursor to methyl ethyl ketone (also known as MEK or 2-butanone). The demand for 2,3-Butanediol is estimated to rise significantly in this area of application during the forecast period. The demand for products with natural origin has been rising across the globe. Products manufactured through fermentation and biorefinery processes are replacing synthetic and petrochemical products. 2,3-Butanediol (2,3-BD) is a promising bulk chemical with potentially wide range of applications.
High Cost of Commercial Production to Hamper 2,3-Butanediol Market
2,3-Butanediol is a niche chemical. The industry is currently in the early phase of its adoption. The high cost involved in the commercial production of 2,3-Butanediol is a key factor hampering the global market. 2,3-Butanediol witnessed a moderate level of commercialization up to 2019. Currently, manufacturers are engaged in scaling up the production of 2,3-Butanediol and its usage as a precursor to several industrial chemicals such as methyl ethyl ketone, butadiene, and acetoin through pilot plant operations. The availability of prominent cost-effective substitutes such as 1,4-Butanediol, 1,3-Butanediol, and 1,2-Butanediol is projected to hinder the global 2,3-Butanediol market in the near future.
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Intermediate Chemicals to Offer Lucrative Opportunities
In terms of application, the global 2,3-Butanediol market has been divided into intermediate chemicals, plastics, food additives, cosmetics, and others. In terms of value, the intermediate chemicals segment dominated the global 2,3-Butanediol market in 2019. The intermediate chemicals segment is anticipated to expand at a CAGR of more than 3.6% during the forecast period. 2,3-Butanediol is used as an intermediate chemical in various industrial compounds, which can be used as building blocks for the production of synthetic rubbers, plasticizers, printing inks, solvents, flavorings, and pharmaceuticals. 2,3-Butanediol is employed in the production of acetoin, a high value feedstock that can be widely used in dairy and cosmetic products, and chemical synthesis. The demand for 2,3-Butanediol is high as synthetic rubber precursor, as it is used in the production of 1,3-butadiene. 2,3-Butanediol can be converted into methyl ethyl ketone (MEK), which is used as a biofuel additive. After combining with methyl-ethyl-ketone and hydrogenation reaction, 2,3-Butanediol can be converted into octane, which is used to produce high-quality aviation fuel.
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Asia Pacific to be Lucrative Region of 2,3-Butanediol Market
Based on region, the global 2,3-Butanediol market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, Asia Pacific accounted for significant share of the global 2,3-Butanediol market in 2019. This trend is projected to continue during the forecast period. Several 2,3-Butanediol manufacturers such as Global Bio-Chem Technology Group and TCI operate in Asia Pacific. Latin America is a high potential region of the global 2,3-Butanediol market. The demand for 2,3-Butanediol is likely to rise in the region as food additive during the forecast period. Regional manufacturers have been significantly using waste gas as a resource to create a diversified range of fuels and chemicals, including 2,3-Butanediol.
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Competition Landscape
In October 2018, Shimadzu (Shanghai) Global Laboratory Consumables Co., Ltd. became the exclusive distributor of Orochem Technologies Inc.’s bio-analytical sample preparation products in China. In 2018, Global Bio-Chem Technology Group entered into extensive collaborations with local and overseas research institutes and universities to encourage theoretical and technological exchange worldwide. It invests about 1%-3% of the turnover in research and development annually. The company has completed more than 10 R&D projects on corn-based biochemical products. It had several new products under development in 2018. Precigen, Inc. invested US$ 404.6 Mn, US$ 143.2 Mn, and US$ 112.1 Mn in research and development activities in 2018, 2017, and 2016, respectively. The company has accomplished biological production on a non-commercial scale of six fuel and chemical products, which hold an array of opportunities. These product opportunities include 2,3-Butanediol and isoprene for conversion into synthetic rubber, isobutanol for gasoline blending, 1,4-Butanediol for polyester, farnesene for diesel fuel and lubricants, and isobutyraldehyde for acrylics. Leading players have taken initiatives to expand their presence through acquisitions, increase of production capacities, and strategic partnerships.
Key Players in Global Market
Key manufacturers operating in the global 2,3-Butanediol market are Global Bio-Chem Technology Group, Orochem Technologies Inc., Precigen, Inc., Haihang Industry Co., Ltd., LanzaTech, Henan Coreychem Co., Ltd., Tokyo Chemical Industry Co., Ltd., Merck KGaA, Biosyncaucho S.L., and GS Caltex.
Global 2,3-Butanediol Market: Segmentation
2,3-Butanediol Market, by Application
Intermediate Chemicals
Plastics
Food Additives
Cosmetics
Others (including Pesticides and Anti-freeze Agents)
2,3-Butanediol Market, by Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
Germany
Italy
Spain
Rest of Europe
China
India
Japan
Rest of Asia Pacific
Companies in the 2,3-Butanediol market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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Distillation Systems Market to See Major Growth by 2023
The distillation systems market was valued at USD 5.94 billion in 2017; it is projected to grow at a CAGR of 5.1%, to reach USD 7.91 billion by 2023. The basic objective of the report is to define, segment, and project the global market size for distillation systems on the basis of components, techniques, type, industry, operation, process, and region. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of the market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis and projecting the growth rate of the market. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.
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This report includes estimations of the distillation systems market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research (from sources such as press releases and paid databases, which include Factiva and Bloomberg), annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
The market, based on technique, is segmented into fractional, steam, vacuum, multiple-effect (MED), and others. The vacuum segment is projected to grow at the highest CAGR among all distillation techniques from 2018 to 2023. The technique is widely used for the separation of components, where chances of decomposition are high due to changes in temperature and pressure. Vacuum distillation is commonly used for the separation of heavy hydrocarbon residues that are left during the atmospheric distillation of crude oil.
Based on application, the market is segmented into petroleum & biorefineries, water treatment, food, beverages, pharmaceuticals, cosmetics, and chemicals. Of the various applications, the beverages segment is projected to witness the fastest growth due to the high growth of the alcoholic beverage market. Distillation is an important process used in the manufacturing of alcoholic beverages, such as wine, beer, brandy, gin, rum, whiskey, and vodka. Although the continuous distillation process used in the manufacturing of alcoholic beverages dominates the market segment, the batch distillation process is also used significantly to manufacture alcoholic beverages with various flavors and different percentage levels of alcohol.
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The Asia Pacific market has witnessed robust growth in the distillation systems market. The Asian subcontinent is an emerging market, which is growing at a rapid pace. Desalination requirements, high consumption of alcoholic beverages, and the rising potential for industrial growth highlight the positive growth prospects in the region. Countries such as China, India, South Korea, Australia, and Japan are among the key manufacturing hubs in the region. Distillation system manufacturers are mainly focusing on expanding their presence in the Asia Pacific market through new product launches and expansions to strengthen their position. The growing R&D activities by governments as well as private organizations in the region is projected to drive the market growth. Technological advancements in Asia Pacific countries due to the development of infrastructure provides a potential scope for innovation in the production of distillation systems, thereby improving their cost-effectiveness and output.
The key players that are profiled in the report include GEA (Germany), Alfa Laval (Sweden), SPX FLOW (US), Sulzer (Switzerland), Core Laboratories (Netherlands), PILODIST (Germany), Anton Paar (Austria), Praj Industries (India), L&T Hydrocarbon Engineering (India), EPIC Modular Process Systems (US), BÜFA Composite System (Germany), and Bosch Packaging Technology (Germany).
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Non-Fuel Grade Alcohol Market Analysis, Segment, Global Overview and Forecast to 2027
Non-Fuel Grade Alcohol Market Overview:
Market research future will be publishing a cooked research report on “global non-fuel grade alcohol market” that contains the information from 2013 to 2023. Non-Fuel Grade alcohol market is expected to grow at a CAGR 4.26% during forecast period 2018-2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Non-Fuel Grade alcohol market that includes Archer Daniels Midland Company, Cargill, Incorporated, Sasol, Merck KGaA, CropEnergies AG, LyondellBasell Industries Holdings BV, Pannonia Bio, Wilmar Bioethanol, Godavari Biorefineries Ltd, Solvay and others.
The non-fuel grade alcohol market is estimated to be valued at USD 18,001.6 million in 2018 and expected to grow at a CAGR of 4.26% during the forecast period. The increasing application of non-fuel-grade ethyl alcohol in the food & beverage industry and surging demand for industrial grade ethyl alcohol are factors expected to fuel the growth of the global market during the forecast period. However, the fluctuating raw material prices are estimated to restrain the growth of the global non-fuel-grade ethyl alcohol market. Nevertheless, the growing use of cosmetics and personal care products is expected to create immense growth opportunities for the players operating in the global market during the review period.
Segment analysis
Global non-fuel grade alcohol markethas been segmented based on type, application, and region. Based on type, the market has been divided into food grade, pharmaceutical grade, lab grade, industrial grade, others. Food-grade ethyl alcohol is the ultra-pure grade of ethyl alcohol having a purity of 99–100% (absolute ethanol) and are used for potable applications, such as alcoholic beverages, aromas, and flavors. Since the food-grade ethyl alcohol is intended for human consumption, chemicals are permitted to be mixed with this alcohol to maintain the highest possible level of purity. Thus, it accounts for largest market share of 53% in 2018.
Based on applications, the global market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care, chemical solvent and other segments. The ethyl alcohol (food-grade) is majorly used in the manufacturing of various types of alcoholic beverages as an intoxicating agent in varying amount such as Vodka (alcohol by volume (ABV) 40-95%), brandy (ABV 35-60%), Gin (ABV 36-50%), rum (ABV 36-50%), Whiskey (ABV 36-50%), tequila (ABV 50-51%), liqueurs (ABV 15%), fortified wine (ABV 16-24%), unfortified wine (ABV 14-16%), and beer (ABV 4-8%). Besides, food-grade ethyl alcohol is also used to extract and concentrate flavors and aromas, which are then used as a flavoring agent in the food & beverage industry. The growing demand for alcoholic beverages is expected to contribute to the growth of the segment during the forecast period. Thus, application of Non-Fuel Grade alcohol in food & beverages industry accounted for the largest market share of 50% in 2018.
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Regional Analysis
Geographically, the global non-fuel grade alcohol market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the market, accounted for the largest share of the market in 2018, and expected to grow at a CAGR of 4.24%. Europe market is followed by North America, which is accounted for the second largest number of shares in the global Non-Fuel Grade alcohols market, as of 2018. Asia Pacific is estimated to reach USD 3,939.0 million by the end of 2023.
Latin America and Middle East & Africa registered considerable growth during the forecast period of 2018-2023.
This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Non-Fuel Grade Alcohol Market, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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Nanocellulose Market Size, Business Revenue Forecast, Leading Competitors and Growth Trends 2028
Nanocellulose market will grow at a rate of 18.15% for the forecast period of 2021 to 2028. Rising strong product demand across the packaging industry is a vital factor driving the growth of nanocellulose market.
Nanocellulose is obtained from plants and plant matter which can be described as a light weight solid substance which includes nanosized cellulose fibrils. This material obtained has the characteristics of glue like substance in normalized conditions, is a conductor of electricity and is transparent in colour; the tensile strength of said substance is very high and is non-toxic in nature.
Segmentation: Global Nanocellulose Market
· By Application (Pulp & Paper, Composites & Packaging, Biomedical & Pharmaceuticals, Electronics & Sensors, Oil & Gas, Paint & Coatings)
· By Type (Microfibrillated Cellulose & Nanofibrillated Cellulose, Cellulose Nanocrystal/Nanocrystallin Cellulose, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Key Market Competitors: Global Nanocellulose Market
Few of the major market competitors currently working in the nanocellulose market are Innventia, FPINNOVATIONS, CelluForce, Stora Enso, Kruger Inc., DAICEL FINECHEM LTD., Borregaard, NIPPON PAPER INDUSTRIES CO. LTD., UPM., Melodea Ltd., CelluComp, Blue Goose Biorefineries Inc., Oji Holdings Corporation., VTT, Sappi., Weidmann Holding AG, BioVision Technologies Inc., J. RETTENMAIER & SÖHNE GmbH + Co KG, Novozymes, INEOS AG, Triveni Interchem Private Limited (Group Of Triveni Chemicals)., Asahi Kasei Corporation., and BASF SE.
Competitive Analysis: Global Nanocellulose Market
Global nanocellulose market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nanocellulose market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Due to its characteristics and advantages, there is expected to be a rise in applications of nanocellulose in a number of industries which is expected to drive the market growth
· Increased amount of research and development expenditure from government and private enterprises is expected to drive the market growth
Market Restraints:
· Need for specific instruments and machinery for the extraction and obtainment of the material is expected to restrain the market growth
· Lack of standardization and regulations pertaining to the material is also expected to restrain the market growth
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Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
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