#Carbon Black Market report

[pinkpoetrydinosaur]

The Europe carbon black market size reached US$ 2,756.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,907.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.15% during 2023-2028.

[mohitbisresearch]

Specialty Carbon Black Market for packaging will grow at a significant CAGR 5.82% from 2022-2031. Specialty Carbon Black Industry for packaging report by BIS Research provides deep market insight, industry analysis, trends & forecast to 2031 that will help your business to grow.

[beguines]

Union activities and correspondence from 1930 until 1933 clearly suggest that union leaders did not want to commit themselves to new organizing, especially in the South. They felt that anti-​union repression was so strong and labor market conditions so deplorable that it would be a waste of the dwindling resources of the union to make such an attempt. In 1930, as southern miners, particularly in Alabama, began to hold meetings and organize, District 20 (Alabama) director George Hargrove and President Lewis agreed that there would be no "bread wagon" (i.e., financial support) from the UMWA and no help for those discharged in such campaigns. They also agreed that organizing would have no positive effect at this time and would only result in discharges. As Lewis wrote to John Lillich of Carbon Hill, Alabama, "Under present circumstances the International Union is disinclined to spend any money in Alabama." Instead, union leaders' strategy in the early 1930s was to put their efforts into lobbying for support of the Davis-​Kelly coal bill, which they believed might make organizing coal miners easier. In attempting to mobilize such support, they also made appeals, and exposed the highly repressive conditions, to other AFL unions, which generally supported, at least on paper, the UMWA's legislative efforts. Lewis's lobbying emphasis switched, first in late 1932, to strengthening the labor provisions of the Black Bill, then to including 7(a) in the NIRA.

But a strange thing happened while the UMWA leaders were lobbying for their provisions. Miners throughout the country began to organize and form vibrant locals on their own. On May 27, 1933, Lewis appointed his loyal follower Van Bittner as the new president of District 17 (West Virginia), as well as other new districts in West Virginia, Virginia, and Maryland. Lewis regularly informed Bittner of the progress of the NIRA and occasionally asked, almost incidentally, how things were going. At one point, Bittner replies that the miners have been organizing on their own, and there are no organizers to help and service them. Lewis telegrams back to say that he is reassigning organizers and that money is on the way. Van Bittner replies that miners have already organized a local in Ethel, the "heart of Logan County" (the most notoriously repressive of West Virginia counties). While Lewis was telling his officials that they would be in good stead to organize once the NIRA and 7(a) passed, the miners had already organized. Bittner describes this process in a report to Lewis on June 17. By June 22, 1933, Bittner writes to Lewis: "As I have reported to you heretofore, the work of organizing the miners in West Virginia is progressing more rapidly than I had ever dreamed of. The entire Northern field, as well as the New River, Winding Gulf, Kanawha field, Mingo and Logan are all completely organized. We will finish up in McDowell, Mercer and Wyoming counties this week." The same was true for Maryland and Virginia. "I feel that by the end of the week we can report a complete organization of these fields."

Michael Goldfield, The Southern Key: Class, Race, and Radicalism in the 1930s and 1940s

[ausetkmt]

It Could Cost $21 Billion to Clean Up California’s Oil Sites, Study Finds

For well over a century, the oil and gas industry has drilled holes across California in search of black gold and a lucrative payday. But with production falling steadily, the time has come to clean up many of the nearly quarter-million wells scattered from downtown Los Angeles to western Kern County and across the state.

The bill for that work, however, will vastly exceed all the industry’s future profits in the state, according to a first-of-its-kind study published Thursday and shared with ProPublica.

“This major issue has sneaked up on us,” said Dwayne Purvis, a Texas-based petroleum reservoir engineer who analyzed profits and cleanup costs for the report. “Policymakers haven’t recognized it. Industry hasn’t recognized it, or, if they have, they haven’t talked about it and acted on it.”

The analysis, which was commissioned by Carbon Tracker Initiative, a financial think tank that studies how the transition away from fossil fuels impacts markets and the economy, used California regulators’ draft methodology for calculating the costs associated with plugging oil and gas wells and decommissioning them along with related infrastructure. The methodology was developed with feedback from the industry.

The report broke down the costs into several categories. Plugging wells, dismantling surface infrastructure and decontaminating polluted drill sites would cost at least $13.2 billion, based on publicly available data. Adding in factors with slightly more uncertainty, like inflation rates and the price of decommissioning miles of pipeline, could bring the total cleanup bill for California’s onshore oil and gas industry to $21.5 billion.

Meanwhile, California oil and gas production will earn about $6.3 billion in future profits over the remaining course of operations, Purvis estimated.

Compounding the problem, the industry has set aside only about $106 million that state regulators can use for cleanup when a company liquidates or otherwise walks away from its responsibilities, according to state data. That amount equals less than 1% of the estimated cost.

Taxpayers will likely have to cover much of the difference to ensure wells are plugged and not left to leak brine, toxic chemicals and climate-warming methane.

“These findings detail why the state must ensure this cost is not passed along to the California taxpayer,” state Sen. Monique Limón, a Santa Barbara Democrat who has written legislation regulating oil, said in a statement. “It is important that the state collect funding to plug and abandon wells in a timely and expeditious manner.”

Representatives of the state’s oil regulatory agency, the California Geologic Energy Management Division, did not respond to ProPublica’s request for comment on the report’s findings.

Rock Zierman, CEO of the California Independent Petroleum Association, an industry trade group, said in a statement that companies spent more than $400 million last year to plug and clean up thousands of oil and gas wells in the state. “This demonstrates their dedication to fulfilling their obligations and mitigating the environmental impact of their operations,” he said.

Fees on current oil and gas production will offset some of the liabilities, but they’re nowhere near enough to address the shortfall quantified by the new report.

“It really scares me,” Kyle Ferrar, Western program coordinator with environmental and data transparency group FracTracker Alliance, said of the report’s findings. “It’s a lot for the state, even a state as big as California.”

Industry in Decline

High oil prices have translated to huge profits for the industry in recent years, but Carbon Tracker’s report found that’s likely to be short-lived. Only two drilling rigs were operating in the state at one point this year, meaning few new wells will be coming online, and more than a third of all unplugged wells are idle.

Judson Boomhower, an environmental economist and assistant professor at the University of California, San Diego who has studied California’s oil industry, said there are inherent uncertainties in estimating future oil revenues. For example, one variable is how quickly the country shifts from internal combustion engine vehicles to electric. But, he said, Carbon Tracker’s estimates for environmental liabilities track with his research.

“It’s a state in the twilight of its production period, and that means big liabilities,” Boomhower said. He added that now is the time for regulators to prevent companies from offloading their wells to “thinly capitalized firms” unable to shoulder the cleanup.

As ProPublica reported last year, the major oil companies that long dominated in California and have the deep pockets necessary to pay for environmental cleanup are selling their wells and leaving the state, handing the task to smaller and less well-financed companies.

Roughly half of the wells drilled in California have changed hands through sales and bankruptcies since 2010, according to data Ferrar analyzed.

Smaller companies are often one bankruptcy away from their wells being orphaned, meaning they’re left to taxpayers as companies dissolve. The Biden administration recently committed $4.7 billion in taxpayer funds to plug orphan wells.

And the industry’s environmental liabilities in California are far bigger than Carbon Tracker’s report quantifies.

Purvis only included environmental liabilities associated with onshore oil and gas production. Billions of dollars more will be needed to plug offshore wells, remove rigs and reclaim artificial islands used for drilling off the coast of Long Beach, Ventura and Santa Barbara.

Additionally, the report did not quantify the emerging risk of “zombie wells,” which were plugged years ago to weaker standards and are likely to leak if they aren’t replugged. That’s an expensive endeavor, as the average cost to plug one well in California — to say nothing of cleaning up surface contamination — is $69,000, according to Purvis’ research. But some California wells have already begun failing, including in neighborhoods in Los Angeles.

“They’re Not Going to Have Money to Do It Later”

Time is running out to rectify the funding shortfall, for example by increasing the money companies must set aside for well plugging.

Carbon Tracker’s report — using state production data and financial futures contracts on the New York Mercantile Exchange — estimated that as production declines, 58% of all future profits from drilling oil and gas in the state are likely to come over the next two years.

“We have our backs up against the wall in California right now,” Ferrar said. “If companies don’t put money towards it now, they’re not going to have money to do it later.”

Environmental policies could accelerate the industry’s decline. California voters will decide on a ballot initiative in 2024 that would reinstate large buffer zones between communities and oil wells, limiting drilling.

Purvis said acting quickly to plug wells would also “stimulate economic activity” and help smooth the transition for oil and gas workers who stand to lose well-paying jobs in the shift away from climate-warming fossil fuels. Spending large sums to plug old wells would create short-term employment for oil field workers.

As California faces the consequences of its failure to quickly clean up aging oil and gas infrastructure, there are likely several million more wells around the country that are either low-producing or already orphaned and will soon need to be decommissioned.

“California’s going to be a test case or the leading edge of this,” Boomhower said. “This same problem is eventually going to manifest everywhere.”

[govindhtech]

Dell Trusted Device & SafeBIOS: Pillars Of Endpoint Security

The Trade Secret of Dell’s Reliable Devices. Have you ever wondered why it products are the safest business PCs on the market? Dell SafeBIOS and Dell Trusted Device (DTD) software are two special endpoint security features that are included with Dell Technologies business PCs.

Dell SafeBIOS: Protecting the Device at the Deepest Levels

With integrated firmware attack detection, Dell SafeBIOS is a set of features that reduces the possibility of BIOS and firmware manipulation. It includes partner technologies in addition to Dell’s exclusive intellectual property. It integrate these features to help make sure devices are safe at the BIOS level, which is often unprotected but is undoubtedly recognized to hackers as a place to take advantage of if it is weak. BIOS-level attacks have the potential to be very destructive and covert. Additionally, malware gains control of the PC and network access when it takes control of the BIOS.

Some of these features, such as BIOS Guard and Intel Boot Guard, are industry standards. The others, including Indicators of Attack, or IoA, which identifies potentially harmful changes to BIOS properties, are only offered by Dell. Image Capture for Forensic Analysis is another example of a feature offered by Dell that goes beyond the standard option of only switching back to the reliable BIOS. This feature may assist protect the device by capturing a snapshot of the faulty BIOS and making it accessible for forensic investigation. It enables security operations centers (SOCs) to examine the incident in order to assist stop similar assaults in the future.

The BIOS safeguards of Dell and it partner are robust on their own. However, because security is a team sport, Dell has teamed up with top partners to strengthen protection “below the OS,” which is where far too many assaults nowadays start.

Dell Trusted Device (DTD) Software: Maximizing Protections Through PC Telemetry

Dell tops the industry in BIOS safeguards, as shown by SafeBIOS IoA and Image Capture. But how can all that telemetry help you? DTD software is useful in this situation. Through endpoint telemetry communication between the device and a secure Dell cloud, DTD software optimizes SafeBIOS capabilities and offers special below-the-OS insights on security “health.”

The transmission of the data ensures that the BIOS is being measured. The IT administrator is alerted to potential manipulation if any feature reports suddenly change.

Dell Trusted Device program offers telemetry to activate many Dell SafeBIOS functions, including BIOS Verification and IoA, which identify BIOS firmware manipulation. Additionally, it offers to Health Score, a feature that combines multiple indicators into a single, easily readable security score, and Intel ME (Management Engine) Verification, which checks the integrity of highly privileged ME firmware on the platform by comparing it with previously measured hashes (stored off-host).

The Windows Event Viewer, which is a record of system and application messages, including warnings, information messages, and problems, provides the administrator with alerts. It’s a helpful tool for problem-solving.

How DTD Software Improves Security and Manageability

It wide partner connections allow Dell Trusted Device software to function in many of the clients’ settings, which is one of its main benefits. Actually, only Dell enhances fleet-wide security by combining device telemetry with cutting-edge software. True hardware-assisted security is the outcome of this.

DTD software can provide telemetry to SIEMs like Splunk, endpoint management like Microsoft Intune and Carbon Black Cloud, and third-party security programs like VMware Carbon Black and CrowdStrike Falcon.

These connections not only help you maximize your software investments, but they also enhance threat detection and response by providing a fresh set of device-level data. To keep releasing updates to Dell Trusted Device software that allow for more integration options since the understand how much it clients enjoy being able to see (for example, security warnings) in the settings of their choice.

For instance, it increased the number of important feature integrations in the Intune environment this autumn. With more features to be included in further DTD versions, Intune administrators may now access more information from BIOS Verification, Intel ME Firmware Verification, and Secured Component Verification (also known as SCV, a component integrity check exclusive to Dell).

Take Advantage of Dell’s Built-in Security

These safeguards, which are all part of the device’s price, are probably already advantageous to you if you own or oversee Dell business PCs.

With the built-in capabilities of Dell SafeBIOS, all Dell business PCs instantly increase the security of any fleet.

Your PC came with Dell Trusted Device software if you bought a commercial device after August 2023. Nous now ship with the “standard” image and pre-install DTD software at the plants. To download and install the program on older devices or for companies who would rather use their own picture, go this link.

Read more on Govindhtech.com

[janetushar1]

Recovered Carbon Black Market to Hit $2373.6 Million by 2032

The global Recovered Carbon Black Market was valued at USD 105.1 Million in 2024 and it is estimated to garner USD 2373.6 Million by 2032 with a registered CAGR of 56.1% during the forecast period 2024 to 2032.

The report throws light on the competitive scenario of the global Recovered Carbon Black Market to know the competition at global levels. Market experts also provided the outline of each leading player of the global Recovered Carbon Black Market for the market, considering the key aspects such as the areas of operation, production, and product portfolio. In addition, the companies in the report are studied based on vital factors such as company size, market share, market growth, revenue, production volume, and profit.

The global Recovered Carbon Black Market is fragmented with various key players. Some of the key players identified across the value chain of the global Recovered Carbon Black Market include Black Bear Carbon B.V., Bolder Industries, ENRESTEC, Klean Carbon, Radhe Group Of Energy, Scandinavian Enviro Systems AB, SR2O Holdings, LLC Delta Energy LLC etc. Considering the increasing demand from global markets various new entries are expected in the Recovered Carbon Black Market at regional as well as global levels.

Download Recovered Carbon Black Market Sample Report PDF: https://www.vantagemarketresearch.com/recovered-carbon-black-market-2155/request-sample

Top Competitors:

Black Bear Carbon B.V., Bolder Industries, ENRESTEC, Klean Carbon, Radhe Group Of Energy, Scandinavian Enviro Systems AB, SR2O Holdings, LLC Delta Energy LLC

Understanding the Industry's Growth, has released an Updated report on the Recovered Carbon Black Market. The report is mixed with crucial market insights that will support the clients to make the right business decisions. This research will help new players in the global Recovered Carbon Black Market to sort out and study market needs, market size, and competition. The report provides information on the supply and market situation, the competitive situation and the challenges to the market growth, the market opportunities, and the threats faced by the major players.

Regional Analysis

-North America [United States, Canada, Mexico]

-South America [Brazil, Argentina, Columbia, Chile, Peru]

-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

-Middle East & Africa [GCC, North Africa, South Africa]

-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/recovered-carbon-black-market-2155/0

Full Analysis Of The Recovered Carbon Black Market:

Key findings and recommendations point to vital progressive industry trends in the global Recovered Carbon Black Market, empowering players to improve effective long-term policies.

The report makes a full analysis of the factors driving the development of the market.

Analyzing the market opportunities for stakeholders by categorizing the high-growth divisions of the market.

Questions answered in the report

-Who are the top five players in the global Recovered Carbon Black Market?

-How will the global Recovered Carbon Black Market change in the next five years?

-Which product and application will take the lion's share of the global Recovered Carbon Black Market?

-What are the drivers and restraints of the global Recovered Carbon Black Market?

-Which regional market will show the highest growth?

-What will be the CAGR and size of the global Recovered Carbon Black Market during the forecast period?

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/recovered-carbon-black-market-2155

Reasons to Purchase this Recovered Carbon Black Market Report:

-Analysis of the market outlook on current trends and SWOT analysis.

-The geographic and country level is designed to integrate the supply and demand organizations that drive industry growth.

-Recovered Carbon Black Industry dynamics along with market growth opportunities in the coming years.

-Recovered Carbon Black Market value (million USD) and volume (million units) data for each segment and sub-segment.

1 year consulting for analysts along with development data support in Excel. Competitive landscape including market share of major players along with various projects and strategies adopted by players in the last five years.

Market segmentation analysis including qualitative and quantitative analysis including the impact on financial and non-economic aspects.

Complete company profiles that include performance presentations, key financial overviews, current developments, SWOT analyzes and strategies used by major Recovered Carbon Black Market players.

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[123567-9qaaq9]

2 D Materials Market, Market Size, Market Share, Key Players | BIS Research

2D materials are substances that are just a few atoms thick, usually one layer. The most famous 2D material is graphene, discovered in 2004 by physicists Andre Geim and Konstantin Novoselov, which led to a Nobel Prize in Physics in 2010. Graphene is a single layer of carbon atoms arranged in a hexagonal lattice, with incredible mechanical strength, electrical conductivity, and thermal properties.

The 2D materials market is projected to reach $4,000.0 million by 2031 from $526.1 million in 2022, growing at a CAGR of 25.3% during the forecast period 2022-2031.

2 D Materials Overview

2 D Materials   focus on addressing the environmental, social, and economic challenges associated with mining activities while ensuring long-term resource availability.

Key components of Sustainable Mining

Reducing energy consumption

Minimizing greenhouse gas emissions

Conserving water

Market Segmentation 

1 By Application 

•    Metallic Minerals

Industrial Metals

Precious Metals

Iron Ore

•    Non-Metallic Minerals

Coal

Others

By Process 

Underground Mining Surface Mining

By Mining Equipment 

•    Drill Rigs

•    Bolters

•    Dozers

•    Loaders

By Energy Source

1 Battery 

 Lithium-Ion Battery

 Lead Acid Battery 

 Others

2 Hydrogen Fuel Cell

3 Bio-Fuel 

By Region 

North America - U.S., Canada, and Mexico

Europe - Germany, Russia, Sweden, Spain, and Rest-of-Europe

China

U.K.

Download the report and get more information @ 2 D Materials Market 

.Major Key Players  

•    NanoXplore Inc.

•    Cabot Corporation

•    Thomas Swan & Co. Ltd.

•    Ossila Ltd

•    ACS Material LLC

Download the sample page click here @ 2 D Materials Market 

Demand – Drivers and Limitations

The following are the demand drivers for the global 2D materials market:

•    Growing adoption of 2D materials in energy storage •    Strong growth of 2D materials in the healthcare industry •    Growing demand for transparent conductive films in electronics industry

The market is expected to face some limitations as well due to the following challenges:

•    Lack of large-scale production of high-quality graphene •    High cost of production

Recent Developments in the Global 2D Materials Market

• In September 2021, Colloids Limited introduced a new infrastructure for customized polymeric materials using its ground-breaking graphanced graphene masterbatch advanced technologies. Due to its extraordinary qualities, graphene has attracted a lot of attention. Additionally, it has exceptional mechanical characteristics as well as superior thermal and electrical permeability.

• In December 2021, Black Swan Graphene Inc. signed a legally enforceable letter of intent to purchase Dragonfly Capital Corp., in a backward merger agreement for $31.5 million. On December 13, 2021, Black Swan Graphene Inc. and Dragonfly Capital Corp. agreed to exchange shares in an opposite merger transaction. Stockholders of Black Swan would then obtain 15.2 consideration shareholdings for every ordinary Black Swan share they own.

Challenges in the 2D Materials Market

Despite the excitement surrounding 2D materials, there are notable challenges that the industry must overcome:

Scalability of Production: Producing high-quality 2D materials at scale remains a challenge. Researchers are exploring various methods, such as chemical vapor deposition (CVD), but the cost and complexity of manufacturing must be addressed for widespread adoption.

Integration into Existing Technologies: For 2D materials to be fully integrated into mainstream applications, they must seamlessly work with existing materials and processes. Compatibility issues with traditional manufacturing methods could slow down the transition.

Cost of Raw Materials and Processing: Currently, the cost of producing 2D materials is relatively high. Developing cost-effective manufacturing techniques is crucial for making these materials economically viable.

The Future of 2D Materials

As the 2D materials market continues to evolve, we are likely to see a wave of disruptive innovations across multiple sectors. With ongoing research, improved production techniques, and increasing investment, these materials could fundamentally reshape industries ranging from electronics to energy and healthcare.

While challenges remain, the unique properties of 2D materials offer unprecedented opportunities for technological advancement. The next few years will be crucial in determining how quickly and effectively these materials can be integrated into real-world applications, but one thing is certain: 2D materials are poised to revolutionize the future of advanced materials.

Key Questions 

Q What are the main bottlenecks for scaling up 2D materials, and how can they be overcome?

Q  Where do you see the greatest need for additional R&D efforts?

Q How does the supply chain function in the global 2D materials market for end users?

Q  What are the key business and corporate strategies of 2D material manufacturers involved in the global 2D materials market?

Q What are the advantages of the emerging 2D materials that are entering the market, and how are they used in various applications?

Q Which applications (by end user) and products (by material type) segments are leading in terms of consumption of the 2D materials market, and which of them are expected to witness high demand growth during 2022-2031?

Q  Which regions and countries are leading in terms of consumption of the global 2D materials market, and which of them are expected to witness high demand growth during 2021-2031? 

Q What are the most promising opportunities for furthering the efficiency of 2D materials?

Q How has COVID-19 impacted the 2D materials market across the globe?

Q How the semiconductor crisis impacted the 2D materials market?

Conclusion 

The 2D materials market is set to grow exponentially as more industries recognize the potential of these atom-thin materials. With ongoing advancements in production techniques, new discoveries of 2D materials, and innovative applications across sectors, the future looks incredibly promising. 

[watsonmac]

https://introspectivemarketresearch.com/reports/carbon-black-feedstock-oil-market/

[communicationblogs]

Steel Market — Forecast(2024–2030)

Steel Market — Overview

Steel Market Report Coverage

For More

The report: “Steel Industry — Forecast (2024–2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Steel Market Report.

By Type: Carbon Steel, (Low Carbon Steel, Medium Carbon Steel, High Carbon Steel), Stainless Steel (Austenitic Stainless Steels, Ferritic Stainless Steels, Martensitic Stainless Steels, Precipitation Hardening Grade Stainless Steels, Duplex Stainless Steels), Alloy Steel (Chromium Molybdenum Steel, Nickel-Chromium-Molybdenum Steel, Chromium Vanadium Steel, HSLA -Nickel-Chromium-Molybdenum Steel), Tool Steel (Water-hardening tool steels, Shock-resisting tool steels, Cold-work tool steels, Hot-work steels, High-speed tool steels, Others), Others

By Form: Bar, Rod, Tube, Pipe, Plate, Sheet, Structural, Others

By Application: Transportation (Road, Bridges, Barriers, Rail, Tracks, Rail Cars), Construction (Cool Metal (infrared reflecting) Roofing, Purlins, Beams, Pipe, Recyclable steel framing (studs), Desks/Furniture), Packaging (Canes, Bottles, Others), Water Projects (Levees/Dams/Locks), Energy (Renewable, Nuclear, Bio-fuels, Fossil, Electric Grid), Others

By Industry: Construction (Steel Skeletons, Concrete Walls, Pillars, Nails, Bolts, Screws, Others), Machinery (Bulldozers, Backhoe Leaders, Pipelayers, Others), Automotive and Transportation (Exhaust, Trim/Decorative, Engine, Chassis, Fasteners, Tubing For Fuel Lines), Kitchenware and Domestic Appliances (Small Household Appliances, Black Home Appliances, White Home Appliances), Electrical and Electronics (Motor Mount Brackets, Adapter Plates, Electronic Frames and Chassis, Brackets, Others), Healthcare (Orthopaedic Implants, Artificial Heart Valves, Bone Fixation, Catheters, Others), Energy (Scrubbers, Heat Exchangers, Others)

By Region: North America, South America, Europe, Asia-Pacific and Rest of the World

Inquiry Before Buying 

Key Takeaways

• The Asia-Pacific region, particularly China, has been a dominant force in the global steel market with a share of 63% in 2023, owing to China’s rapid industrialization and urbanization have driven substantial demand for steel in the construction, infrastructure, and manufacturing sectors.

• Government infrastructure spending, particularly in major economies, plays a significant role in driving steel demand. Large-scale infrastructure projects, such as bridges, railways, and urban development initiatives, can create substantial demand for steel products.

For More Details on This Report — Request for Sample

Steel Market Segment Analysis — By Type

In terms of type, the Steel Market is segmented into carbon steel, stainless steel, alloy steel, tool steel and others. In 2023, the Stainless-steel segment generated the greatest revenue of $361.94 billion and is projected to reach a revenue of $482.28 billion by 2030. Owing to the various benefits posed by stainless steel such as corrosion resistance, high and low temperature resistance, the ease of fabrication, strength, aesthetic appeal is one of the key factors for its adoption among various end-use industries, which in turn is boosting its market growth. The stainless-steel segment can be further classified as Austenitic stainless steels, Ferritic stainless steels, Martensitic stainless steels, Precipitation hardening grade stainless steel and Duplex stainless steels.

Steel Market Segment Analysis — By Form

By form, the steel market is segmented into bar, rod, tube, pipe, plate, sheet, structural and others. The bar segment accounted for the major market share in 2023, with a revenue of $554.58 billion, and is forecast to grow at a CAGR of 4.68% by 2030. The increasing demand for steel bar from various end-user industries such as building and construction, bridges, and many others, are driving the growth of the segment during the forecast period of 2024–2030.

Steel Market Segment Analysis — By Application

Steel Market is segmented by its application that includes transportation, construction, packaging, water projects, energy and others. The energy segment held the dominant market share, 31% of the whole market, in 2023, and is expected to maintain its dominance by 2030 with a CAGR of 4.69%. One of the major factors for the segment growth is the increasing awareness and focus towards renewable energy sources. Steel plays a crucial role in producing and distributing energy as well as improving energy efficiency. Renewable energy is further classified as Wind Towers and Foundation, Wind Turbines and Solar Parabolic Mirror Supports & Collectors.

Steel Market Segment Analysis — By Industry

The Steel finds its application across the industries such as construction, machinery, automotive and transportation, kitchenware and domestic appliance, electrical and electronics, healthcare, energy and others. Among them, the construction segment is the largest consumer of steel, as bearable structures can be manufactured easily at a low cost. The property of steel in its various forms and alloys makes it more flexible to cater the exclusive projects integrated with infrastructure. Moreover, the rapid industrialization and urbanization in various developing countries are fueling the segment growth in strengthening its dominant market position during the forecast period.

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Steel Market Segment Analysis — By Geography/Country

The report comprises of the region wise study of the global market including North America, South America, Europe, Asia-Pacific and Rest of the World. Above all, Asia-Pacific region held the biggest share in 2023, up to 63% of the whole steel market owing to the rapidly expanding defense, machinery, automotive, and shipbuilding industries in the countries such as India, China, South Korea, and Japan. Foreign direct investment in energy and infrastructure is likely to provide opportunities for the market vendors. Coupled with favorable government regulations, growing infrastructure and construction activities in developing economies of the Asia-Pacific region are boosting the demand for the market.

Steel Market — Drivers

Growing Demand for Steel Across the Various Regions

Several factors have a significant impact on the overall development of the steel market. The major growth factor driving the Steel Market is the growing demand for steel across a variety of developing regions. For instance, Global crude steel production in January-November 2023 reached 1715.12 million metric tons, marking a marginal 0.5% year-on-year growth, per provisional data from the World Steel Association. November 2023 saw a production of 145.5 million metric tons, up by 3.3% from the previous year. China led the production with 952.14 million metric tons, followed by India and Japan, USA, Russia, South Korea, and Germany.

Construction and Infrastructure Development:

Construction activities, including residential, commercial, and infrastructure projects such as roads, bridges, and railways, are major drivers of steel demand. Urbanization and industrialization also contribute to the growth of the construction sector, thereby increasing the demand for steel products. For instance, as per Green Finance & Development Center, China Belt and Road Initiative (BRI) Investment Report 2023, engagement totalled about USD88.3 billion, with USD44.6 billion from investment and USD43.7 billion from construction contracts. Also, The US Department of Transportation allocates $3.2 billion in extra funding, alongside $4.3 billion from the Bipartisan Infrastructure Law for 2023. The Budget prioritizes $4.5 billion for the Capital Investment Grant program, aiming to bolster transit infrastructure for economic growth. As a result, the steel market is anticipated to thrive, propelled by heightened construction activities and the need for durable materials, reflecting a promising outlook for the industry.

Steel Market -Challenges

Environmental Regulations and Sustainability

The steel industry is facing mounting pressure to tackle environmental issues by cutting carbon emissions and enhancing sustainability efforts. Meeting stringent environmental regulations demands substantial investments in technology and infrastructure, presenting a formidable challenge for many companies. Despite the financial hurdles, embracing these changes can pave the way for a more sustainable and eco-friendly future for the industry.

Steel Market — Competitive Landscape

The companies referred in the study include Baosteel Co., Ltd., Posco Holding Inc, Nippon Steel Corporation, JFE Holdings, Tata Steel Limited, United States Steel Corporation, Anshan Iron and Steel Group Corporation, Hyundai Steel Co., Ltd., ThyssenKrupp AG, ArcelorMittal S.A., among others. Technology launches, acquisitions, and R&D activities are key strategies adopted by the key players in the Steel Market.

Steel Market — Recent Developments

November 2022, Tata Steel launched the fourth edition of MaterialNEXT, focusing on ‘Materials to Wonder.’ This open innovation event aims to gather ideas on emerging materials and their applications. The program spans five months across Idea Selection, Development, and Evaluation stages, fostering collaboration among scientists, researchers, and startups.

May 2022, Kobe Steel introduced “Kobenable Steel,” Japan’s pioneering low CO2 blast furnace steel, aiming to curtail emissions during ironmaking. Utilizing innovative CO2 Reduction Solution technology, it plans to roll out the product this fiscal year, marking a milestone in sustainable steel production.

In June 2023, Nippon Steel introduces ZEXEED™ Checkered Sheet, a new addition to its high corrosion resistant coated steel series

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Low-Carbon Propulsion Market: Challenges in Transitioning to Sustainable Transport

Introduction to Low-Carbon Propulsion Market

  The Low-Carbon Propulsion Market is at the forefront of global efforts to reduce greenhouse gas emissions in transportation. As industries, governments, and consumers prioritize sustainability, this market is seeing rapid expansion driven by electric, hybrid, hydrogen, and alternative fuel technologies. Innovations in battery storage, electrification, and the infrastructure for sustainable energy sources are reshaping the future of transport. Increased government regulations and carbon reduction goals across various sectors further bolster market demand, positioning it as a key player in the green energy transition.

The Low-Carbon Propulsion Market is Valued USD XX billion in 2022 and projected to reach USD XX billion by 2030, growing at a CAGR of 21.4% During the Forecast period of 2024-2032.  It encompasses technologies such as electric vehicles (EVs), hydrogen fuel cells, biofuels, and hybrid propulsion systems. Driven by global environmental policies, this market seeks to reduce the carbon footprint associated with conventional transportation methods, particularly in sectors like automotive, aviation, and maritime industries. Ongoing advancements in battery technology and fuel efficiency are central to the market's expansion.

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Major Classifications are as follows:

Low-Carbon Propulsion Market, By Fuel Type

Compressed Natural Gas (CNG)

Liquefied Natural Gas (LNG)

Ethanol

Hydrogen

Electric

Low-Carbon Propulsion Market, By Mode

Rail

Road

Low-Carbon Propulsion Market, By Vehicle Type

Heavy-Duty

Light-Duty

Low-Carbon Propulsion Market, By Rail Application

Passenger

Freight

Low-Carbon Propulsion Market, By Electric Vehicle

Electric Passenger Car

Electric Bus

Electric Two-Wheeler

Electric Off-Highway

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South

Key Players of Black Alkaline Water Market

Tesla (US), BYD (China), Nissan (Japan), Yutong (China), Proterra (US), Alstom (France), Bombardier (Canada), BYD Auto Co. (China), Honda Motor Co., Ltd (Japan), Hyundai Motor Company (South Korea), MAN SE (Germany), Nissan Motor Company, Ltd (Japan), Siemens Energy (Germany), Toyota Motor Corporation (Japan) & others.

Market Drivers in Low-Carbon Propulsion Market

Government Regulations: Stringent carbon emission standards and the push for decarbonization across industries.

Technological Advancements: Breakthroughs in battery storage, electrification, and hydrogen propulsion technologies.

Rising Fuel Prices: The increasing costs of fossil fuels encourage the shift towards more efficient, low-carbon alternatives.

Market Challenges in Low-Carbon Propulsion Market

High Initial Costs: Upfront costs for low-carbon propulsion technologies, such as electric vehicles and hydrogen fuel cells, are still high.

Infrastructure Deficiencies: Insufficient charging and refueling stations for alternative fuel vehicles limit their adoption.

Technology Limitations: While improving, battery storage capacity, charging times, and range continue to pose challenges for electric vehicles.

Market Opportunities in Low-Carbon Propulsion Market

Innovation in Battery Technology: Advancements in solid-state batteries and fast-charging technologies can significantly enhance the market.

Expansion in Emerging Markets: Developing regions, especially in Asia and Africa, present vast untapped potential for low-carbon transportation.

Renewable Energy Integration: Combining low-carbon propulsion systems with renewable energy sources such as wind and solar can further reduce emissions.

Conclusion

The Low-Carbon Propulsion Market is poised for substantial growth as global efforts to combat climate change intensify. While challenges like infrastructure deficits and high upfront costs exist, technological advancements and policy support are driving the transition. The shift towards sustainable transportation is not only necessary for environmental protection but also offers considerable economic opportunities for industries willing to innovate. As consumer preferences evolve and government policies become more stringent, the market's expansion will continue to accelerate in the coming years.

[coolkailas]

Future of High Purity Methane Gas Industry

The report "High Purity Methane Gas Market by Storage & Distribution and Transportation, Application (Chemical Synthesis, Heat Detection, R &D Laboratory, Transistors & Sensors, Power Electronic), End-Use Industry, Region - Global Forecast to 2025" The global high purity methane gas market size is expected to grow from USD 6.8 billion in 2020 to USD 8.8 billion by 2025, at a CAGR of 5.2% during the forecast period.  

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Browse 179 market data Tables and 40 Figures spread through 176 Pages and in-depth TOC on "High Purity Methane Gas Market by Storage & Distribution and Transportation, Application (Chemical Synthesis, Heat Detection, R &D Laboratory, Transistors & Sensors, Power Electronic), End-Use Industry, Region - Global Forecast to 2025 " View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/high-purity-methane-gas-market-258569778.html

Chemical Synthesis is expected to be the fastest growing application in the High Purity methane gas market during the forecast period.

Chemical Synthesis is the fastest-growing application segment in the High Purity methane gas market. The growth is The growth in this segment is attributed to the rising demand for high-purity methane gas as a raw material for the production of methanol, synthetic ammonia, hydrogen, acetylene, carbon black, and carbon disulfide, among others. It accounted for a share of about 20.5% of the High Purity methane gas market, in terms of volume, in 2019.

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North America is expected to hold the largest market share in the global high purity methane gas market during the forecast period.

North America accounted for the largest share of the High purity methane gas market in 2020. Factors such as the rapidly increasing consumption of high purity methane gas in the electrical & electronics and chemical industries in countries such as US, Canada and Mexico have led to an increased demand for High purity methane gas in the North American region.

Osaka Gas (Japan), Sumitomo Seika (Japan), Linde Plc (Ireland), Air Liquide (France), and Matheson Tri-Gas Inc. (US). are the leading high purity methane gas manufacturers, globally.

Don’t miss out on business opportunities in High Purity Methane Gas Market. Speak to our analyst and gain crucial industry insights that will help your business grow.