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Finding the Best Ethyl Acetate manufacturers in USA?
At Stellar Exports, we are engaged in providing exceptional quality Ethyl Acetate that is precisely formulated, has an accurate ph level, and has a long shelf life. Our highly versatile Ethyl Acetate suppliers plays a pivotal role in various sectors across the world. We continue to serve industries worldwide to ensure a steady supply and add value to products and processes.
#Ethyl Acetate#Ethyl Acetate manufacturer#Ethyl Acetate sellers in USA#Ethyl Acetate supplier in USA#Ethyl Acetate manufacturers in USA
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Acetic Acid Market - Forecast(2024 - 2030)
Acetic Acid Market Overview
Acetic Acid Market Size is forecast to reach $14978.6 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Acetic acid, also known as ethanoic acid, is a colorless organic liquid with a pungent odor. The functional group of acetic acid is methyl and it is the second simplest carboxylic acid. It is utilized as a chemical reagent in the production of many chemical compounds. The major use of acetic acid is in the manufacturing of vinyl acetate monomer, acetic anhydride, easter and vinegar. It is a significant industrial chemical and chemical reagent used in the production of photographic film, fabrics and synthetic fibers. According to the Ministry of Industry and Information Technology, from January to September 2021, the combined operating revenue of 12,557 major Chinese garment companies was US$163.9 billion, showing a 9% increase. Thus, the growth of the textile industry is propelling the market growth for Acetic Acid.
Report Coverage
The “Acetic Acid Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Acetic Acid industry.
By Form: Liquid and Solid.
By Grade: Food grade, Industrial grade, pharmaceutical grade and Others.
By Application: Vinyl Acetate Monomer, Purified Terephthalic Acid, Ethyl Acetate, Acetic Anhydride, Cellulose Acetate, Acetic Esters, Dyes, Vinegar, Photochemical and Others
By End-use Industry: Textile, Medical and Pharmaceutical, Oil and Gas, Food and Beverages, Agriculture, Household Cleaning Products, Plastics, Paints & Coating and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).
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Key Takeaways
The notable use of Acetic Acid in the food and beverages segment is expected to provide a significant growth opportunity to increase the Acetic Acid Market size in the coming years. As per the US Food and Agriculture Organization, world meat production reached 337 million tonnes in 2019, up by 44% from 2000.
The notable demand for vinyl acetate monomer in a range of industries such as textile finishes, plastics, paints and adhesives is driving the growth of the Acetic Acid Market.
Increase in demand for vinegar in the food industry is expected to provide substantial growth opportunities for the industry players in the near future in the Acetic Acid industry.
Acetic Acid Market Segment Analysis – by Application
The vinyl acetate monomer segment held a massive 44% share of the Acetic Acid Market share in 2021. Acetic acid is an important carboxylic acid and is utilized in the preparation of metal acetates and printing processes, industrially. For industrial purposes, acetic acid is manufactured by air oxidation of acetaldehyde with the oxidation of ethanol, butane and butene. Acetic acid is extensively used to produce vinyl acetate which is further used in formulating polyvinyl acetate. Polyvinyl acetate is employed in the manufacturing of plastics, paints, textile finishes and adhesives. Thus, several benefits associated with the use of vinyl acetate monomer is boosting the growth and is expected to account for a significant share of the Acetic Acid Market.
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Acetic Acid Market Segment Analysis – by End-use Industry
The food and beverages segment is expected to grow at the fastest CAGR of 7.5% during the forecast period in the Acetic Acid Market. Acetic Acid is also known as ethanoic acid and is most extensively used in the production of vinyl acetate monomer. Vinyl acetate is largely used in the production of cellulose acetate which is further used in several industrial usage such as textiles, photographic films, solvents for resins, paints and organic esters. PET bottles are manufactured using acetic acid and are further utilized as food containers and beverage bottles. In food processing plants, acetic acid is largely used as cleaning and disinfecting products. Acetic acid is extensively used in producing vinegar which is widely used as a food additive in condiments and the pickling of vegetables. According to National Restaurant Association, the foodservice industry is forecasted to reach US$898 billion by 2022. Thus, the advances in the food and beverages industry are boosting the growth of the Acetic Acid Market.
Acetic Acid Market Segment Analysis – by Geography
Asia-Pacific held a massive 41% share of the Acetic Acid Market in 2021. This growth is mainly attributed to the presence of numerous end-use industries such as textile, food and beverages, agriculture, household cleaning products, plastics and paints & coatings. Growth in urbanization and an increase in disposable income in this region have further boosted the industrial growth in this region. Acetic acid is extensively used in the production of metal acetates, vinyl acetate and vinegar which are further utilized in several end-use industries. Also, Asia-Pacific is one of the major regions in the domain of plastic production which provides substantial growth opportunities for the companies in the region. According to Plastic Europe, China accounted for 32% of the world's plastic production. Thus, the significant growth in several end-use industries in this region is also boosting the growth of the Acetic Acid Market.
Acetic Acid Market Drivers
Growth in the textile industry:
Acetic Acid, also known as ethanoic acid, is widely used in the production of metal acetate and vinyl acetate which are further used in the production of chemical reagents in textiles, photographic films, paints and volatile organic esters. In the textile industry, acetic acid is widely used in textile printing and dyes. According to China’s Ministry of Industry and Information Technology, in 2020, textile and garment exports from China increased by 9.6% to US$291.22 billion. Also, according to the U.S. Department of Commerce, from January to September 2021, apparel exports increased by 28.94% to US$4.385 billion, while textile mill products rose by 17.31% to US$12.365 billion. Vinyl acetate monomer is utilized in the textile industry to produce synthetic fibers. Thus, the global growth in demand for textiles is propelling the growth and is expected to account for a significant share of the Acetic Acid Market size.
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Surge in use of vinegar in the food industry:
The rapid surge in population along with the adoption of a healthy and sustainable diet has resulted in an increase in demand for food items, thereby increasing the global production level of food items. As per US Food and Agriculture Organization, in 2019, global fruit production went up to 883 million tonnes, showing an increase of 54% from 2000, while global vegetable production was 1128 million tonnes, showing an increase of 65%. Furthermore, world meat production reached 337 million tonnes in 2019, showing an increase of 44% from 2000. Acetic acid is majorly used in the preparation of vinegar which is further widely utilized as a food ingredient and in personal care products. Vinegar is used in pickling liquids, marinades and salad dressings. It also helps to reduce salmonella contamination in meat and poultry products. Furthermore, acetic acid and its sodium salts are used as a food preservative. Thus, the surge in the use of vinegar in the food industry is boosting the growth of the Acetic Acid Market.
Acetic Acid Market Challenge
Adverse impact of acetic acid on human health:
Acetic Acid is considered a strong irritant to the eye, skin and mucous membrane. Prolong exposure to and inhalation of acetic acid may cause irritation to the nose, eyes and throat and can also damage the lungs. The workers who are exposed to acetic acid for more than two or three years have witnessed upper respiratory tract irritation, conjunctival irritation and hyperkeratotic dermatitis. The Occupational Safety and Health Administration (OSHA) reveals that the standard exposure to airborne acetic acid is eight hours. Furthermore, a common product of acetic acid i.e., vinegar can cause gastrointestinal tract inflammatory conditions such as indigestion on excess consumption. Thus, the adverse impact of Acetic Acid may hamper the market growth.
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Acetic Acid Industry Outlook
The top 10 companies in the Acetic Acid Market are:
Celanese Corporation
Eastman Chemical Company
LyondellBasell
British Petroleum
Helm AG
Pentoky Organy
Dow Chemicals
Indian Oil Corporation
Daicel Corporation
Jiangsu Sopo (Group) Co. Ltd.
Recent Developments
In March 2021, Celanese Corporation announced the investment to expand the production facility of vinyl portfolio for the company’s acetyl chain and derivatives in Europe and Asia.
In April 2020, Celanese Corporation delayed the construction of its new acetic acid plant and expansion of its methanol production by 18 months at the Clear Lake site in Texas.
In October 2019, BP and Chian’s Zhejiang Petroleum and Chemical Corporation signed MOU in order to create a joint venture to build a 1 million tonne per annum Acetic Acid plant in eastern China.
Key Market Players:
The Top 5 companies in the Acetic Acid Market are:
Celanese Corporation
Ineos Group Limited
Eastman Chemical Company
LyondellBasell Industries N.V.
Helm AG
For more Chemicals and Materials Market reports, please click here
#Acetic Acid Market#Acetic Acid Market Share#Acetic Acid Market Size#Acetic Acid Market Forecast#Acetic Acid Market Report#Acetic Acid Market Growth
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FoamFlex: Adaptable Marvels
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Australia's foam industry is an ever-evolving sector, offering versatile options for various applications. From flexible foams with different grades to sturdy foam varieties serving industries like sign writing and construction, and closed cell foams boasting buoyancy and thermal insulation properties, the foam sector is a cornerstone of modern manufacturing. Flexible Foams Manufactured in varying grades, flexible foams cater to a range of needs. The industry standard code, such as 16-100, denotes the density and hardness of the foam. Higher density foams last longer but are pricier, while hardness, measured in Newtons, signifies the 'feel' of the foam. This versatility allows for tailored solutions, from packaging to comfortable cushions. Rigid Foams Extending its reach, the foam industry supplies sturdy foam varieties crucial in sign writing, building, and construction. Materials like polystyrene (EPS and XPS), PIR, and rigid polyurethanes serve diverse industries, enhancing structural integrity and insulation. EPS, with its closed-cell and resilient nature, finds applications in thermal insulation systems, decorative surfaces, packaging, and stage sets. Closed Cell Foams Polyethylene or ethyl vinyl acetate co-polymers are used to craft closed cell foams, which exhibit buoyancy, waterproof properties, lightweight composition, and exceptional thermal insulation characteristics. Their applications span expansion joints, packaging, impact absorption, thermal insulation, and backing rod. These foams, resistant to common chemicals, are ideal where the need for durability and performance is paramount. Environmental Considerations and Innovation With global emphasis on sustainability, the foam industry is aligning with environmental goals. Materials and manufacturing processes are evolving, and recycling initiatives, along with the introduction of eco-friendly alternatives, ensure the industry's continued growth while minimizing ecological impact. In conclusion, the foam sector in Australia is a versatile and innovative force, offering essential materials for diverse applications. From flexible foams to sturdy and dense cellular materials, these materials have become integral to daily life, showcasing the adaptability and ingenuity within the Australian manufacturing landscape. https://foamflexadaptablemarvels382.blogspot.com/2024/07/foamflex-adaptable-marvels.html foam foam insulation Perth polystyrene styrofoam sheets perth polystyrene industries closed cell foam insulation https://usagymnasticsbeverlyhills421.blogspot.com/ https://sanclementepersianrugrepair713.blogspot.com/2024/07/usa-gymnastics-beverly-hills.html https://roofingsydneytakeonweather879.blogspot.com/2024/07/roofing-sydney-take-on-weather.html https://www.tumblr.com/windmillsbright/756852601436405760 https://spinalmanipulationprairievill405.blogspot.com/
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Global Top 5 Companies Accounted for 85% of total PV Modules market (QYResearch, 2021)
An encapsulant is used to provide adhesion between the solar cells, the top surface and the rear surface of the PV module. The encapsulant should be stable at elevated temperatures and high UV exposure. It should also be optically transparent and should have a low thermal resistance. EVA (ethyl vinyl acetate) is the most commonly used encapsulant material. EVA comes in thin sheets which are inserted between the solar cells and the top surface and the rear surface. This sandwich is then heated to 150 °C to polymerize the EVA and bond the module together.
Encapsulant materials used in photovoltaic (PV) modules serve multiple purposes; it provides optical coupling of PV cells and protection against environmental stress. Polymers must perform these functions under prolonged periods of high temperature, humidity, and UV radiation. When PV panels were first developed in the 1960s and the 1970s, the dominant encapsulants were based on polydimethyl siloxane (PDMS). Ethylene-co-vinyl acetate (EVA) is currently the dominant encapsulant chosen for PV applications, not because it has the best combination of properties, but because it is an economical option with an established history of acceptable durability. Getting new products onto the market is challenging because there is no room for dramatic improvements, and one must balance the initial cost and performance with the unknowns of long-term service life. Recently, there has been renewed interest in using alternative encapsulant materials with some significant manufacturers switching from EVA to polyolefin elastomer-based (POE) alternatives.
According to the new market research report “Global PV Modules Market Report 2023-2029”, published by QYResearch, the global PV Modules market size is projected to reach USD 7.38 billion by 2029, at a CAGR of 11.2% during the forecast period.
Figure. Global PV Modules Market Size (US$ Million), 2018-2029
Figure. Global PV Modules Top 5 Players Ranking and Market Share(Based on data of 2021, Continually updated)
The global key manufacturers of PV Modules include First, Sveck, HIUV, Bbetter, Cybrid Technologies, 3M, Hanwha, Lucent CleanEnergy, Vishakha Renewables, Tianyang, etc. In 2021, the global top five players had a share approximately 85.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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In contrast to the last quarter of 2022, Monochloroacetic Acid showed positive market sentiments in North America during Q2 2022. A shot up in the upstream crude value has impacted the feedstock Acetic acid and Acetic anhydride prices, which further kept the prices of Monochloroacetic Acid in an upward trend. In addition, Increased demand from the downstream derivative Sodium Mono Chloroacetate and Ethyl Acetate market further increased regional market prices. Moreover, limited supply and surging demand coupled with concerns over sky-high inflation took Monochloroacetic Acid price to new highs in the USA market. Additionally, major raw material Acetic Acid manufacturers had announced force majeure. Firstly, Celanese announced force majeures on Acetic Acid and VAM production.
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Foot Orthotic Insoles Market Scope in 2022
Global Foot Orthotic Market will exhibit a CAGR of 6.05% for the forecast period of 2021-2028
Market Analysis and Insights: Global Foot Orthotic Insoles
Data Bridge Market Research analyses that the foot orthotic insoles market will exhibit a CAGR of around 6.05% for the forecast period of 2021-2028. Rising prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, ever-rising geriatric population base and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of foot orthotic insoles market.
The foot orthotic insoles are the removable shoe insert that are used for a wide range of purposes such as daily wear comfort, height enhancement, plantar fasciitis treatment and others. These are designed to cure the foot deformities and manage the alignment.
Upsurge in the prevalence of arthritis is one of the major factors fostering the growth of the market. Unhealthy lifestyle of a major chunk of population across the globe is another market growth determinant. Increasing demand of the high quality sports shoes, rising adoption of eco-friendly materials in manufacturing orthotic insoles and growing instances of foot deformities are other important factors that will further generate lucrative market growth opportunities.
Global Foot Orthotic Insoles Market Scope and Market Size:
Based on product, the foot orthotic insoles market is segmented into prefabricated and customized.
Based on the type of material, the foot orthotic insoles market is segmented into thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethyl-vinyl acetates (evas), gel, others.
Global foot orthotic insoles market is also segmented based on application. The foot orthotic insoles market, by application, is segmented into sports and athletics, medical and personal comfort.
Global Foot Orthotic Insoles Market Country Level Analysis:
The countries covered in the Global Foot Orthotic Insoles Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Major TOC of the Report:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insight
Chapter Six: COVID-19 Impact on Global Foot Orthotic Insoles Market
Get TOC here: https://www.databridgemarketresearch.com/toc/?dbmr=global-foot-orthotic-insoles-market
Competitive Landscape & Foot Orthotic InsolesMarket Share Analysis:
The Foot Orthotic Insoles Products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Foot Orthotic Insoles market.
Key Players:
Implus LLC
Hanger Clinic
Bauerfeind USA Inc.
AMFIT.
Scholl’s Wellness Co.
ComfortFit Orthotic Labs, Inc.
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
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Tel: +1-888-387-2818
Email: [email protected]
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Global Foot Orthotic Insoles Market Trends - 2028
Global Foot Orthotic Market will exhibit a CAGR of 6.05% for the forecast period of 2021-2028
Market Analysis and Insights: Global Foot Orthotic Insoles
The foot orthotic insoles are the removable shoe insert that are used for a wide range of purposes such as daily wear comfort, height enhancement, plantar fasciitis treatment and others. These are designed to cure the foot deformities and manage the alignment.
Upsurge in the prevalence of arthritis is one of the major factors fostering the growth of the market. Unhealthy lifestyle of a major chunk of population across the globe is another market growth determinant. Increasing demand of the high quality sports shoes, rising adoption of eco-friendly materials in manufacturing orthotic insoles and growing instances of foot deformities are other important factors that will further generate lucrative market growth opportunities.
Global Foot Orthotic Insoles Market Scope and Market Size:
Based on product, the foot orthotic insoles market is segmented into prefabricated and customized.
Based on the type of material, the foot orthotic insoles market is segmented into thermoplastics, polyethylene foams, leather, cork, composite carbon fibers, ethyl-vinyl acetates (evas), gel, others.
Global foot orthotic insoles market is also segmented based on application. The foot orthotic insoles market, by application, is segmented into sports and athletics, medical and personal comfort.
Global Foot Orthotic Insoles Market Country Level Analysis:
The countries covered in the Global Foot Orthotic Insoles Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Get Sample Report here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-foot-orthotic-insoles-market
Get full report: https://www.databridgemarketresearch.com/reports/global-foot-orthotic-insoles-market
Major TOC of the Report:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insight
Chapter Six: COVID-19 Impact on Global Foot Orthotic Insoles Market
Get TOC here: https://www.databridgemarketresearch.com/toc/?dbmr=global-foot-orthotic-insoles-market
Competitive Landscape & Foot Orthotic Insoles Market Share Analysis:
The Foot Orthotic Insoles Products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Foot Orthotic Insoles market.
Key Players:
Implus LLC
Hanger Clinic
Bauerfeind USA Inc.
AMFIT.
Scholl’s Wellness Co.
ComfortFit Orthotic Labs, Inc.
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email:
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Acetic Acid Market to Witness the Highest Growth Globally in Coming Years 2021-2025
Acetic acid has been one of the most sought-after industrial chemicals widely used in the manufacturing of polyesters, greases, coatings, and sealants, which are further consumed for a broad range of applications in textiles, automotive, electronics, and packaging industries. While these areas of application will remain the key revenue contributors to the global acetic acid market, momentous traction for polyethylene terephthalate (PET) bottles is especially projected as a strong factor driving acetic acid sales in the near future.
The lighter weight, and recyclability of PET bottles account for their surging demand for medical applications, as well as within the consumer products industry. An impressively rising rate of vinegar consumption is another significant booster to the progress of the acetic acid market. Moreover, acetic acid has been an extensively used as an organic chemical for a diverse range of feedstock, and production processes.
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VAM Continues to be Highly Sought-after
The global acetic acid consumption volume surpassed 16 MT in 2018, a third of which was accounted by vinyl acetate monomer (VAM). Fairfield Market Research forecasts that VAM will retain its dominance over other popular derivatives of acetic acid, including purified terephthalic acid (PTA), and acetic anhydride. While the former is consumed in the production of base resins worldwide, the latter two will most likely continue to garner traction among manufacturers of PET bottles, and plastics, respectively.
Continued preference for acetic anhydride as a raw material in manufacturing of drugs like acetaminophen, and aspirin further contributes to notable revenue generation in the market. Besides pharmaceuticals industry, as acetic acid continues to find major application in cosmetics, paints and coatings, and cosmetics industries, the growth outlook of the acetic acid market will remain promising throughout the period assessment.
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China Houses the Global Acetic Acid Hub
The world leader in acetic acid landscape, Asia Pacific will retain its top position in the global market in terms of both production, and consumption. China, being the global epicenter, will remain the mainstay for growing capacity additions in the regional, as well as the global acetic acid market. China is anticipated to reap the benefit of competitive pricing as it houses some of the largest coal-derived methanol production plants. The region’s dominance is particularly expected to prevail on the back of ascending ethyl acetate production in addition to that of purified terephthalic acid, and vinyl acetate monomer to cater to a host of downstream applications. North America will also be an important market owing to the cost-competitive methanol production. The region continues to be among the leading net exporters of acetic acid.
Although momentary, the global COVID-19 pandemic took a heavy toll on the performance of acetic acid market through 2020. With all the end-use industries showcasing strong revival signs recently, acetic acid production, as well as consumption will mostly likely gather momentum in the near future. The report provides an in-depth analysis of the COVID-19 impact on the global acetic acid market. It also sheds light on the detailed profiles, and key growth strategies of the prominent competitors in the acetic acid market landscape.
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Acetic Acid Market Is Projected To Gain Massive Returns Till 2022 With Key Players : DuPont & Wacker Chemie
The global Acetic Acid Market to reach $13.3 billion by 2022. Rising production of vinyl acetate monomer (VAM) as a result of growth in automotive and construction industries of emerging economies including China and India is expected to remain a key driving force.
Acetic acid finds applications as a precursor for the production of numerous compounds including camphor, mono chloroacetic acid, photographic chemicals and diketene require acetic acid. The aforementioned compounds are further processed to produce greases, adhesives, sealants and coatings. Growing importance of preventive maintenance in the manufacturing sector is expected to promote the usage of lubricating greases, protective coatings and sealing agents which thus, in turn, will have a positive impact.
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Growing demand for water-based paints & coatings in automotive and construction industries owing to rising awareness towards eco-friendly products is expected to promote the use of polyvinyl acetate, polyvinyl alcohol, and ethyl vinyl acetate. Furthermore, significant gains in VAM market as a result of increasing applications in construction, automobiles and furniture industries is projected to have a substantial impact.
PTA (Pure Terephthalic Acid) is used as a precursor along with mono-ethylene glycol for the production of PET, and processed for manufacturing carbonated soft drinks (CSD) bottles, automotive ancillaries, and electronic consumables. The increment in sales volumes of CSD in developed markets including the U.S. and Germany on account of new product launches such as Diet Coke is expected to fuel the demand for PTA, and thus, in, the turn will augment acetic market growth.
Over the past few years, vinegar has emerged as a culinary ingredient for the production of functional food. Rising awareness among consumers toward the health benefits of vinegar is expected to have a positive impact on industry.
Application insights:
VAM accounted for over 25% of global acetic acid industry share in 2015. Rising demand for VAM as a precursor for the production of adhesives on account of exhibiting superior properties including enhanced adhesion, fiber forming, optical and electrical properties is expected to have a positive impact on the industry.
Growing demand for biaxially oriented PET film in food packaging and thermal insulation applications is projected to have a substantial impact. However, rising spending towards toward the development of 100% bio-based PET by CSD companies including Coca-Cola Company is expected to force PTA manufacturers to prefer bio-based paraxylene as raw material over acetic acid and thus, in turn, will pose a significant challenge.
The increasing acceptance of advanced polyesters in the textile sector on account of providing excellent properties of breathability, and durability as compared to other conventional polymers is expected to open new markets. Growing importance of diluents and eco-friendly solvents including acetate esters in food & beverage industry as a result of high market visibility in developing countries including China and India is expected to expand the demand for acetic-based product forms.
Regional Insights:
The acetic acid market in China was 5,391.4 kilo tons in 2015 and is expected to witness significant gains on account of strong foothold of VAM and acetate esters on a domestic level. Furthermore, the positive outlook towards packaging industry as a result of significant gains in application segments including food & beverage and pharma is expected to drive the market.
North America accounted for 15.9% of global volume share in 2015. Significant improvement in automotive sector of the Mexico as a result of new product launches in four wheeler segments by Nissan is expected to increase the consumption of VAM and thus, in turn, will fuel acetic acid demand in the near future.
Competitive Insights:
Key acetic acid market participants include Eastman Chemicals, British Petroleum, Saudi International Petrochemicals, Celanese, DuPont, Wacker Chemie, Jiangsu Sopo (Group) Co., Ltd. In April 2016, AkzoNobel and Atul Limited announced the establishment of new mono chloroacetic acid manufacturing unit in Gujrat, India. This facility is expected to serve the food & beverage, pharma, and agriculture application segments and will open new markets over the forecast period.
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Adhesives Market to Witness Increase in Revenues by 2020-2028
The Global Adhesives Market 2020 report delivers a fundamental overview of the industry, including definitions, segmentation, applications and industry chain structure analysis. The global adhesives market report provides competitive landscape analysis, major trends, and key regional development status. It also offers a competitive framework for major revenue-contributing firms covering company market shares with comprehensive profiles. The report provides a key overview of the market status of adhesives manufacturers with market size, share, growth, market expansion, and technological innovations, as well as the industry cost structure.
It provides the impact and recovery of Covid-19 pandemic on the adhesives Market. Relevant statistical data is also provided in the report to recognize the challenges caused by the outbreak of Covid-19 and strategies to cope up with the current scenario.
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The Following are the Key Features of Global Adhesives Market Report:
Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
Growth Drivers and Barriers, Market Trends & Market Opportunities
Porter’s Five Forces Analysis & Trade Analysis
Market Forecast Analysis for 2020-2028
Market Segments by Geographies and Countries
Market Segment Trend and Forecast
Market Analysis and Recommendations
Price Analysis
Key Market Driving Factors
Adhesives Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
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Market Segmentation:
The segmentation of adhesives market is as follows by product, by type, by application. Both developed and developing regions are extensively studied in the report.
By Product
- Epoxy
- Polyurethane (PU)
- Acrylics
- Poly Vinyl Acetate (PVA)
- Ethyl Vinyl Acetate (EVA)
- Styrenic Blook
- Others
By Type
- Hot Melt
- Water Based
- PSA
- Solvent Based
- Reactive
- Others
By Application
- Packaging
- Transportation
- Construction
- Product Assembly
- Footwear
- Consumer
- Others
By Geography
The regional segmentation of the market covers following regions: North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa).
Fundamental Coverage of the Adhesives Market:
Covid-19 impact and strategies to recover.
valuable information about the adhesives market
Identification of growth in various segments and sub segments of the studied market.
Strategic ideas for investment opportunities
Key statistical data along with products, price analysis, applications, levels of production and consumption, supply and demand.
Emerging developments in the existing market segment and research to help investors devise new business strategies
Accelerates decision-making by drivers and constraints
Competitive Analysis
The key players of the market are listed in this section of the study. It helps to understand the tactics and alliances that players concentrate on fighting market rivalry. An essential microscopic look at the market is given in the detailed study. The major players operating in the global adhesives market are:
DuPont de Nemours
Henkel AG Co
3M
B. Fuller Company
Sika AG
Huntsman International LLC
Bostik
Illinois Tool Works
Avery Dennison Corporation
RPM International Inc
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Acetic Acid Market Status, Share And Growth Factors Impact Analysis till 2022
January 25, 2021: The global acetic acid market to reach $13.3 billion by 2022. Rising production of vinyl acetate monomer (VAM) as a result of growth in automotive and construction industries of emerging economies including China and India is expected to remain a key driving force. Acetic acid finds applications as a precursor for the production of numerous compounds including camphor, mono chloroacetic acid, photographic chemicals and diketene require acetic acid. The aforementioned compounds are further processed to produce greases, adhesives, sealants and coatings. Growing importance of preventive maintenance in the manufacturing sector is expected to promote the usage of lubricating greases, protective coatings and sealing agents which thus, in turn, will have a positive impact. Growing demand for water-based paints & coatings in automotive and construction industries owing to rising awareness towards eco-friendly products is expected to promote the use of polyvinyl acetate, polyvinyl alcohol, and ethyl vinyl acetate. Furthermore, significant gains in VAM market as a result of increasing applications in construction, automobiles and furniture industries is projected to have a substantial impact. PTA (Pure Terephthalic Acid) is used as a precursor along with mono-ethylene glycol for the production of PET, and processed for manufacturing carbonated soft drinks (CSD) bottles, automotive ancillaries, and electronic consumables. The increment in sales volumes of CSD in developed markets including the U.S. and Germany on account of new product launches such as Diet Coke is expected to fuel the demand for PTA, and thus, in, the turn will augment acetic market growth. Request a Free Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/acetic-acid-market/request-sample Over the past few years, vinegar has emerged as a culinary ingredient for the production of functional food. Rising awareness among consumers toward the health benefits of vinegar is expected to have a positive impact on industry. Application insights: VAM accounted for over 25% of global acetic acid industry share in 2015. Rising demand for VAM as a precursor for the production of adhesives on account of exhibiting superior properties including enhanced adhesion, fiber forming, optical and electrical properties is expected to have a positive impact on the industry. Growing demand for biaxially oriented PET film in food packaging and thermal insulation applications is projected to have a substantial impact. However, rising spending towards toward the development of 100% bio-based PET by CSD companies including Coca-Cola Company is expected to force PTA manufacturers to prefer bio-based paraxylene as raw material over acetic acid and thus, in turn, will pose a significant challenge. The increasing acceptance of advanced polyesters in the textile sector on account of providing excellent properties of breathability, and durability as compared to other conventional polymers is expected to open new markets. Growing importance of diluents and eco-friendly solvents including acetate esters in food & beverage industry as a result of high market visibility in developing countries including China and India is expected to expand the demand for acetic-based product forms. Regional Insights: The acetic acid market in China was 5,391.4 kilo tons in 2015 and is expected to witness significant gains on account of strong foothold of VAM and acetate esters on a domestic level. Furthermore, the positive outlook towards packaging industry as a result of significant gains in application segments including food & beverage and pharma is expected to drive the market. North America accounted for 15.9% of global volume share in 2015. Significant improvement in automotive sector of the Mexico as a result of new product launches in four wheeler segments by Nissan is expected to increase the consumption of VAM and thus, in turn, will fuel acetic acid demand in the near future. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/acetic-acid-market Competitive Insights: Key acetic acid market participants include Eastman Chemicals, British Petroleum, Saudi International Petrochemicals, Celanese, DuPont, Wacker Chemie, Jiangsu Sopo (Group) Co., Ltd. In April 2016, AkzoNobel and Atul Limited announced the establishment of new mono chloroacetic acid manufacturing unit in Gujrat, India. This facility is expected to serve the food & beverage, pharma, and agriculture application segments and will open new markets over the forecast period. Market Segment: Global Acetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) • VAM • Acetic anhydride • Acetate esters • PTA • Others Global Acetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022) • North America • U.S. • Europe • Germany • Asia Pacific • India • China • Japan • Latin America • Brazil • MEA Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: [email protected]
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Green Washing
Greenwashing, also called “green sheen”, is a form of spin in which green PR or green marketing is deceptively used to promote the perception that an organization’s products, aims or policies are environmentally friendly and healthy for us humans.
In 2009, over 2,219 products made green claims and 98% were guilty of greenwashing. Studies show that indoor cleaning products (surface sprays, bathroom disinfectants, dish soap, etc.) are the worst offenders when it comes to making baseless claims of health and sustainability.
One product from who call themselves ���… Organics” (l don’t want to name them as l may get sued) and they produce many products one of which are Sensitive skin wipes.
These wipes contain, among a long list (see below) METHYLISOTHIAZOLINONE:
Known human immune toxicant or allergen European SCCS Human skin toxicant or allergen – strong evidence Cosmetic Ingredient Review Assessments
METHYLCHLOROISOTHIAZOLINONE:
Banned for use in Europe and restricted for use in China and USA Restricted in cosmetics (recommendations or requirements) – use, concentration, or manufacturing restrictions – Japan – concentration limit in some types of cosmetics when combined with certain other ingredient(s) Japan’s Standards for Cosmetics
Other HIGH concerns: Irritation (skin, eyes, or lungs); Other LOW concerns: Ecotoxicology
Ingredient list of sensitive wipes: Water Sodium Laureth Sulfate Cocamidopropyl Betaine Disodium Laureth Sulfosuccinate Sodium Chloride Parfum (Fragrance) Glycerin Citric Acid Tetrasodium EDTA Tocopheryl Acetate (Vitamin E) Hydrolysed Wheat Protein
Extracts (apple, orange, grapefruit) Methylchloroisothiazolinone Methylisothiazolinone Dyes (CI 19140, CI 42090)
Another company is well known for their room deodorizers/fragrances, that often dispense automatically into closed quarters, and are used in aged care facilities. They advertise that their room fragrances are infused with essential oils… and look what else
Popular Room fragrance ingredients: (z)-3-hexenyl salicylate; 1,2,3,4,4.alpha.,7,8,8.alpha.-octahydro-2,4.alpha.,5,8.alpha.-tetramethyl-1-naphthyl formate; 2,6-dimethyl-7-octen-2-ol; 3-(o-ethylphenyl)-2,2-dimethylpropionaldehyde; 3,7-dimethyloct-6-enenitrile; 3.alpha.,4,5,6,7,7.alpha.-hexahydro-4,7-methano-1h-indenyl propionate; 3a,4,5,6,7,7a-hexahydro-1h-4,7-methanoinden-1-yl acetate; 4-(4-hydroxy-4-methylpentyl)cyclohex-3-ene-1-carbaldehyde; 4-tert-butylcyclohexyl acetate; acetyl hexamethyl tetralin; amyl cinnamal; benzyl acetate; butylphenyl methylpropional; citral; dipropylene glycol; ethyl trimethylcyclopentene butenol; geraniol; hexamethylindanopyran; hexyl cinnamal; hexyl salicylate; ionone; linalool; linalyl acetate; methyl anthranilate; methyl ionones; methylbenzyl acetate; methyldihydrojasmonate; pentadecalactone; tetramethyl acetyloctahydronaphthalenes*; tricyclo(5.2.1.02,6)dec-4-en-8-yl acetate
Please read the ingredients list before purchasing your products. A lot of these products are designed to look “Earthy”, with brown or green graphic elements on their packaging and use the word “organic” or ��contains essential oils”. But it’s important to see what else it contains. A fabulous website to research ingredients is… https://www.ewg.org/skindeep/
source1: Wikipedia source2: https://www.cogencyteam.com/news/2017/11/greenwashing-consumer-beware/
Green Washing was originally published on Kis
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The Cross-Linked Polyethylene (PEX/XLPE) Market Demand, Insights and Forecast up to 2024
Polyethylene is widely used in a variety of applications including packaging, medical, consumer goods, and insulation. It is a thermoplastic processed at a temperature ranging from 150 to 200 0C. Like all thermoplastics, polyethylene begins to flow above its melting point and loses its useful mechanical properties which limits its operation at high temperatures. It is cross-linked so as to change its nature from thermoplastic to thermoset and form a more temperature-resistant plastic with improved mechanical strength. Important forms of polyethylene include low-density polyethylene (LDPE), polyolefinic elastomer (POE), high-density polyethylene (HDPE), ethyl vinyl acetate (EVA), and linear low-density polyethylene (LLDPE). Cross-linking of polyethylene can be carried out through either physical or chemical means. In the chemical process, free radicals are generated via chemical reactions while in the physical one, they are generated through irradiation. In cross-linked polyethylene, the chains merge through covalent bonds to form a three-dimensional cross-linked insoluble and infusible product.
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Cross-linking of polyethylene results in a polymer that exhibits high molecular weight which improves the impact strength, abrasion resistance, and environmental stress cracking resistance (ESCR) of the polymer without significantly altering its tensile strength and density. Cross-linked polyethylene is generally available in pipe, tubing, wire, and cable forms. Pipes and tubings are majorly obtained from cross-linking HDPE, while wires and cables are acquired from cross-linking LDPE. A common application of cross-linked polyethylene is plumbing. The polymer is rapidly replacing copper pipes and tubes as it is more flexible, comparatively much cheaper, resists corrosion, and exhibits a wider useful temperature range. Another important application of the polymer is in mining. Due to the ease with which cross-linked polyethylene piping can be mounted, the cost and time required for the installation, repair, and maintenance of piping in mines are reduced considerably. Electrical tubing made from cross-linked polyethylene is used to protect copper wires as the polymer is inherently resistant to heat, weather, and moisture in addition to being insulating. Cross-linked polyethylene is also employed in chemical storage tanks due to its high strength and heat & chemical resistance. Its usage in wear-resistant joints is also being investigated currently. Other applications of the polymer include dental materials, automotive ducts & housings, kayaks, and canoes.
North America is one of the leading consumers of cross-linked polyethylene as the polymer is substituting other materials in plumbing applications in residential and industrial establishments. Demand for the polymer stems mainly from the well-developed sewerage and water transmission systems in this region. Asia Pacific is another important region for the cross-linked polymer market. China and India are rapidly modernizing their public infrastructure including their water distribution and sewerage systems. This, in turn, is projected to fuel the demand for cross-linked polyethylene in this region. Demand for cross-linked polythene is also expected to rise in the mining and chemical manufacturing industries. The market in Europe is anticipated to witness moderate growth in the next few years due to the region’s limited need to spend on infrastructure development. In many countries in Africa, Asia, and South America, inferior and low-grade materials are used for plumbing and water distribution systems, creating a huge potential for increased consumption of cross-linked polyethylene in these regions.
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Key players in this market include ExxonMobil Chemical Company, Inc., LyondellBasell Industries, 3H Vinacom Co., Ltd, Hanwha Chemicals, Arkema Group, AkzoNobel N.V., Falcone Specialities AG, Borealis AG, and PolyOne Corporation.
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Global Soda Ash Market To Grow At A CAGR Of 2.1% Between 2020-2025
According to a new report by EMR titled, ‘Global Soda Ash Market Report and Forecast 2020-2025’, the global soda ash market reached a volume of almost 62 million metric tons in 2019, and is further expected to grow at a CAGR of 2.1% in the forecast period of 2020-2025.
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Competitive Landscape & Supplier Analysis:
SOLVAY S A/S ADR (OTCMKTS: SOLVY)
Tata Chemicals Limited (NSE: TATACHEM)
Shandong Haihua Company Limited (SHE: 000822)
Tronox Ltd
Nirma Ltd.
Soda ash is derived from ‘trona’ and other sodium carbonate rich brines. It gets its name due to being derived from the ashes of sodium-rich plants in the past. It is now usually manufactured using the Solvay process. The rapidly expanding glass industry is where soda ash is most commonly used, accounting for almost half of the soda ash application globally. The flat glass industry leads in its consumption of soda ash followed by container glass. The demand for soda ash in the flat glass industry is especially driven by the growing construction activity in the emerging economies. The construction activities for commercial and domestic buildings, particularly in the Asia-Pacific region, is a major driving factor in the growth of the global soda ash market.
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Soda ash has also been finding increasing usage in the air purifying and water softening sectors due to rising environmental concerns because of growing pollution. It is used in the removal of sulphur dioxide and hydrochloric acid from stack gases. It is also used to soften water due to its ability to control the pH value of water. Thus, soda ash finds extensive use in the water treatment industry.
Asia Pacific is the leading market for soda ash because of the rising demand in the construction sector and fast-growing industrialisation. China and India are the major consumers of soda ash with growing demand in sectors like construction, glass, paper textiles and cleaning chemicals. North America is also a leading soda ash market, with almost 90% of the total production of soda ash occurring in the US, specifically Wyoming. This is because the Green River Basin in Wyoming has the world’s largest deposit of trona from which soda ash is derived.
Market Breakup By Type:
Natural
Synthetic
The soda ash market is bifurcated into natural and synthetic soda ash.
Market Breakup By Applications:
Glass
Chemicals
Soaps and Detergents
Metallurgy
Pulp and Paper
Others
Soda ash finds its major application in glass, chemicals, soaps and detergents, metallurgy, and pulp and paper sectors, among others
Market Breakup By Regions:
North America
Europe
Asia Pacific
LATAM
Middle East & Africa
Region-wise, the global soda ash market is divided into North America, Europe, Asia Pacific, LATAM, and Middle East and Africa.
Key Findings of the Report:
The global demand for soda ash has been growing by 3.5% annually with trade growing per year by 4.3%.
The growing application of soda ash in the flat glass industry is associated with an increasing demand in the construction sector especially in emerging economies.
Automotive industry is another emerging sector in the developing economies which drives the soda ash market via its application in the glass industry.
Rising population along with the increase in the demand in the detergent and container glass industries in the emerging economies has been providing a further impetus to the global soda ash market.
It is also used to enhance foods and toiletries and is also used as an intermediate in the soft drink sweeteners production.
Key Offerings of the Report:
The EMR report gives an in-depth analysis of the historical (2015-2019) and forecasted (2020-2025) demand and supply of soda ash types and its feedstock.
The report also gives a detailed region-wise historical and future consumption and production for soda ash along with the region-wise demand of its feedstock in the same period.
It analyses the trade data of soda ash and its feedstock according to the value and volume of the major exporting and importing countries.
It presents detailed insights into the cost analysis and manufacturing process of natural and synthetic soda ash.
The report provides the region-wise historical (2015-2019) and forecasted (2020-2025) price trends for soda ash and its feedstock.
Solvay Chemicals Inc., Tata Chemicals Limited, Shandong Haihua Co. Ltd, Tronox Ltd and Nirma Ltd. are the major key players in the global soda ash market that have been analysed by EMR. The report by EMR gives an in-depth insight into the latest developments amongst these key players in the global soda ash market like their plant turnarounds, expansions in capacity, and mergers and acquisitions.
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#Soda Ash Market Size#Soda Ash Market Share#Soda Ash Market Industry#Soda Ash Market Analysis#Soda Ash Market Price#soda ash market#Soda Ash Market Growth#Soda Ash Market Report#Soda Ash Market Forecast#Soda Ash Market Outlook
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Phenylethyl Industry Global Market Size, Share, Supply, Demand, Segments and Forecast 2020-2026
The Global Phenylethyl market study is an intelligent and informative evaluation method as well as a great resource that will help you secure a place of strength in the global market. In order to equip your company with vital knowledge and comparative data about the Global Phenylethyl Industry, it requires Porter’s Five Forces and PESTLE study. To give you a full picture of the current and future competitive scenarios of the global market for Phenylethyl, we have presented a deep overview of the vendor landscape. In order to prepare detailed and reliable Phenylethyl market research reports, our analysts use the latest primary and secondary research techniques and instruments.
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Global Phenylethyl Market Key players:
Kdac Chem Pvt, NOVORATE BIOTECH, Becton, Dickinson and Company, Penta Manufacturing, Ungerer and Company, HARMONY ORGANICS PV, …
The Phenylethyl report goal to provide a clear view of the current scenario and the potential growth of the global market. The study offers a scrupulous overview of the global market by closely analyzing a range of factors relating to the Phenylethyl market, such as key segments, regional market trends, market dynamics, suitability for investment and key market players. In addition, the analysis offers sharp insights into current and future trends & developments in the global market for Phenylethyl.
The key aim of the Phenylethyl market research report is to provide insights into the success of this business space in the coming years to assist stakeholders in making reasonable decisions. In addition to the Phenylethyl industry opportunities and how they can be exploited to produce high returns, the paper includes concise information about the major trends. In addition, Phenylethyl study provides detailed discussion of the issues facing the industry and helps to establish strategies to limit their impact. In addition, the report provides a detailed review of the COVID-19 pandemic and its vertical effects on the industry.
Global Phenylethyl Market by product Type:
Phenyl Ethyl Alcohol
Phenyl Ethyl Formate
Phenyl Ethyl Acetate
Global Phenylethyl Market by Application:
Pharmaceuticals
Research Institutes
Others
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COVID-19 Impact Analysis:
In the global Phenylethyl industry, the outburst of the Covid-19 pandemic crisis in 2021 has had a major effect on infrastructure in the overall market. This pandemic crisis has impacted different industries in various ways, such as supply chain disruption, shutdown of production processes and manufacturing plants, limited all indoor activities, declared state of emergency in over forty countries, stock market instability and potential uncertainty. This global research report on the Phenylethyl market covers a new survey on the impact of Covid-19 on the Phenylethyl market, which helps marketers to discover the latest market dynamics, new market and industry developments, as well as helps to form new business plans, product portfolios and segmentations.
Regional Segmentation (Value; Revenue, USD Million, 2015 – 2026) of Phenylethyl Market
China EU USA Japan India Southeast Asia South America
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Which region may tap highest Phenylethyl market share in coming era?
What are the key challenges that the global Phenylethyl market may face in future?
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What growth momentum or acceleration Phenylethyl market carries during the forecast period?
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New York, NY 7 April 2020: The Global ethylene market size is estimated to reach USD 146.8 billion by 2026 growing at a CAGR of 6.2% during the forecast period according to a new report published by Polaris Market Research. The report “Ethylene Market Share, Size, Trends, Industry Analysis Report By Feedstock (Naphtha, Ethane, Propane, Butane and Others), By Application (Polyethylene, Ethylene Oxide, Ethyl Benzene, Ethylene Dichloride, and Others), By End-Use (Building & Construction, Automotive, Packaging, Textiles, Agrochemicals, and Others), By Regions, Segments & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.
Ethylene is an organic hydrocarbon and is a fundamental and most important raw material for manufacturing various polymeric end-use products including plastics, fibers and organic chemicals. It is a derivative of petrochemical and comprises ethane and naphtha as its major source. It is attributed to being major building block for petrochemical industry.
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Ethylene is widely employed as a raw material in diverse applications. It is used in production of ethylene oxide, ethylene dichloride, ethyl benzene, vinyl acetate and others. These intermediates are driving growth in end-use industries. Ethylene oxide is a large application-based derivative used in end-use industries such as packaging, consumer products and light industrial applications.
The primary drivers for this market are the food and packaging industry that will spark growth in this market. The consumption of ethylene copolymers will make an impact on market growth due to presence of aseptic packaging in beverage applications.
The incessantly growing population across the globe coupled with rising disposable incomes has added growth to packaging, bio-based PET products, housing inputs and textile products. A rapidly growing construction industry has consented to growth of polyvinyl products and simultaneously driven consumption of ethylene dichloride. The light-weight automotive component and spares are the factors that led to sedate and gradually increasing polyvinyl chloride market. Asia Pacific is the leading market with latest growth figures fostering rapid growth of the developing nations especially South East Asia and India. China. Japan, Western Europe and the U.S hold largest market share of ethylene chloride.
The provident expansions in low-down businesses such as PET, polyester fibers, PVC and packaging are a relevant benchmark to consumption of ethylene in regions. Japan and Western Europe are expected to consume less ethylene over the next five years as they are mature markets with less competitive indices.
Low cost feedstock such as ethane have prioritized the new wave of ethylene generation and big players like U.S.are gearing up with technological expertise and low-cost supply directives that meets the investment boom over right products and costs.
The global market is highly competitive with many players poised precariously over the value chain. The key players include ExxonMobil Corporation, Dow DuPont, Saudi Basic Industries Corporation (SABIC), Royal Dutch Shell plc., Total S.A, Lyondell Basell Industries and China Petroleum and Chemical Corporation.
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