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pharmamoda · 5 years ago

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instanttimetravelnut · 3 years ago

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Sales Revenue of Valeric Acid Market to Receive a Fillip Owing to Burgeoning Demand During the Forecast Period 2018 – 2028

Persistence Market Research – PMR’s latest study on Chemicals & Materials provides deep industry insights and associated services to help clients realize their maximum business potential across the globe.

Global Valeric Acid Market: Introduction

Valeric acid is majorly used as an intermediate for the manufacture of flavors and perfumes, agricultural chemicals such as pesticides, synthetic lubricants and pharmaceuticals. Valeric acid is a colorless and oily liquid with an unpleasant odor and must be handled carefully due to its highly corrosive nature. Valeric acid is also known by alternate names such as pentanoic acid and is a carboxylic acid. It is used as a stanching agent with a maximum limit of 2% in pesticide formulations. The primary use of valeric acid is in the manufacture of esters. It is majorly used for ester type lubricants, plasticizers and vinyl stabilizers. Some of the esters of valeric acid such as ethyl valerate and pentyl valerate are used as food additives since they have fruity odors.

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Global Valeric Acid Market: Dynamics

Valeric Acid Market: Drivers

Significant growth across various end use industries including cosmetics, flavors and perfumes has led to a rise in the demand for valeric acid in such applications. Some of the esters of valeric acid have a fruity odor and hence, are increasingly being used as food additives.

There has also been a rise in the demand for valeric acid in agricultural chemicals, which is projected to have a positive impact on the market growth. The use of valeric acid as an API intermediate is also projected to gain traction in the pharmaceutical industry over the forecast period.

Valeric Acid Market: Restraints

One of the major challenges faced by the global valeric acid market is the use of alternatives such as butyric acid. The similar properties offered by butyric acid have led to its increased utilization across various end use industries. Other major factors restraining the growth of the market include the unpleasant smell and handling constraints of valeric acid, which have compelled manufacturers to focus on other alternatives.

Valeric Acid Market: Trends

One of the recent trends observed in the global valeric acid market is the use of valeric acid for feed purposes. The product is not regarded harmful or toxic as a food and feed ingredient by WHO (World Health Organization). There has been significant research and development in expanding the application areas for valeric acid and the use of valeric acid for tailored applications.

In order to meet stringent environmental regulations, manufacturers are focusing on the production of valeric acid from bio-based sources. They have been investing in strategic development and product innovation to sustain the market competition.

Global Valeric Acid Market: Segmentation

The global valeric acid market can be segmented on the basis of application and grade.

On the basis of application, the global valeric acid market can be segmented as:

API Intermediates

Flavors and Perfumes

Agricultural Chemicals

Synthetic Lubricants

Plasticizer

Extractant

Food Additives

Others

On the basis of grade, the global valeric acid market can be segmented as:

Regular Grade (Standard Grade)

Research Grade (high Purity Grade)

Global Valeric Acid Market: Regional Outlook

From a regional perspective, Asia Pacific is projected to hold a major share in the global valeric acid market with China representing a major share in demand. North America is also projected to hold a significant share in the global valeric acid market, owing to the steady demand from the food and cosmetics industry. Europe has registered a rise in the demand for valeric acid over the past few years. There has also been an increase in the consumption of valeric acid in laboratory, research and development work. Manufacturers are also focusing on the expansion of application areas for valeric acid and recognizing its use in various niche applications. Other regions such as Latin America and Middle East and Africa are projected to hold relatively smaller shares in terms of volume consumption; however, they are projected to witness relatively higher growth rates over the assessment period.

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Global Valeric Acid Market: Market Participants

Some of the market participants identified across the value chain of the global valeric acid market include,

The Dow Chemical Company

Perstorp Orgnr

Sisco Research Laboratories Pvt. Ltd.

Sigma Aldrich

Central Drug House

The good scents Company

Merck KGaA

LKT Laboratories

Neuchatel Chemie Specialties

Yufeng International Co., Ltd

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chemanalyst · 3 years ago

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N-Propyl Acetate – A key Commodity for Various Chemical Industries

N-PROPYL ACETATE

N-Propyl Acetate is a chemical compound also known as Propyl Ester, 1-Propyl Acetate, Propyl Ethanoate, 1-acetoxypropane, formed by the esterification of acetic acid and n-propanol. It is a volatile, colorless, highly flammable, toxic liquid with a fruity aroma. Propyl Acetate is miscible with most of the organic solvents and is also an active solvent for nitrocellulose, cellulose acetate butyrate, polyester, alkyd, and acrylic resins, but it is only sparsely soluble in water. Owing to these properties of n-Propyl Acetate, it has wide applications as a solvent in various industries including printing, paints, coatings, automotive, pharmaceuticals, chemicals, food and beverages, cosmetics and fragrances.

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N-Propyl Acetate comes in different grades including reagent and technical grade, agricultural and pharmaceutical grade, and optical grade. The N-Propyl Acetate market is bifurcated into Purity≥99.5% and Purity≥ 99.0%. The purity≥ 99.0% segment owns the leading market share of Propyl Acetate.

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APPLICATIONS OF N-PROPYL ACETATE:

Paints & Coatings: Due to its strong ability to dissolve organic and synthetic solvents and its tendency to thin other solvents, it is used in the manufacturing of Paints and Coatings.

Wood lacquers: It has the capacity to dissolve a wide range of resins (e.g., cellulose nitrate, acrylates, alkyd resin), which also makes it extremely suitable as a solvent for wood lacquers and industrial finishes.

Pharmaceuticals: It is used as an intermediate in the production of pharmaceutical compounds. It also acts as a germicide and is therefore used in sanitizers and disinfectants along with ethanol.

Cosmetic / personal care solvent: Alkyl acetates are usually used as cosmetic ingredients, with a wide range of functions as fragrances, solvents, or skin-conditioning agents, depending on the specific ingredient.

Fragrance solvent: It is also used as a solvent in perfumes and is found as an ingredient in aerosol sprays.

Food and Beverages: It is also used as a flavoring additive because of its fruity odor, which is like pears.

Printing inks: It is used as a solvent in printing inks mainly for flexographic and screen-printing inks which are prominently used in printing postcards, magazines, and cardboard containers.

N-PROPYL ACETATE HANDLING AND STORING

Propyl Acetate should be handled with proper care and attention. Protective gear such as goggles, water-resistant gloves and attire should be worn to avoid contact with skin and eyes. There must be an implementation of sufficient natural or exhaust ventilation coupled with proper respiratory protection to avoid the exposure of vapors.

It must be stored in a tightly closed container, away from direct sunlight or heat, in a well-ventilated space. Opened container should be resealed and stored properly to avoid any kind of leakage as this is a highly inflammable gas with toxic vapors.

HAZARD AND SAFETY

According to the National Fire Protection Association, the health rating and fire rating of N- Propyl Acetate is 1 & 3, respectively. It indicates that upon prolonged exposures, it can cause irritation as well as inhalation of its vapors is also toxic. Moreover, Propyl Acetate is highly flammable and can easily catch fire by heat or sparks under environmental conditions. It is harmful if swallowed.

If exposed for long duration there can be potential health effects like, skin and eyes irritation coupled with pain and redness in eyes.

First Aid If Exposed:

For Eyes: Rinse with plenty of water till gets better. Refer to doctor if irritation persists

For Skin: Wash the affected area with water and soap. Refer to doctor if irritation persists

Inhalation: Fresh Air and Take Rest

Ingestion: Consult Doctor

N-PROPYL ACETATE MARKET:

The major share of global demand for n-propyl acetate is held by the Asia Pacific region, because of increasing construction, rapid growth, and strong establishment of industries such as chemicals, printing ink, and food & beverages in the region, especially in China and India. N-propyl market finds a significant place in the market due to its high demand in industries involved in paints, coatings, and printing inks. Moreover, the cosmetic and food and beverage industry is witnessing exponential growth over the past decade. This exponential growth has driven the global propyl acetate market as manufacturers are progressively utilizing this chemical in the production of their products such as perfumes, deodorants, etc. and utilizing it as a flavoring agent.

North America and Europe are prominent regions for the Propyl Acetate market as both these advanced regional markets collectively account for approximately half of the total demand because of the presence of the leading chemical industries in the regions. Moreover, a significant growth in the Propyl Acetate market has been shown by Middle East Asia in the past few years and is likely to witness potential growth in the forecast period.

EFFECT OF COVID-19 PANDEMIC

Due to the impact of the COVID-19 pandemic, the decline in the demand for N-Propyl Acetate was witnessed among other chemicals owing to nationwide lockdowns and subsequent disruptions in supply chains. However, overall decent growth has been observed in its demand since the industries got operational after the lockdowns. Additionally, surging demand for advanced coating material in the automotive industry is expected to accelerate the market for N- Propyl Acetate in the forthcoming years.

LEADING PLAYERS:

BASF Group, Du Pont Inc., DOW, Eastman Chemical Company, Solvay S.A., Showa Denko K.K., Sankyo Chem., Daicel Co., Sasol corporation, Shiny Chemical industrial Co. ltd., Zibo Nuoao Chem. Co. Ltd., Wujiang Shuguang Chemical CO. Ltd., Ningbo Yongshun and Tosoh corporation are some leading players in the N-Propyl Acetate market.

CONCLUSION:

Propyl Acetate Market is expanding at a faster pace with considerable growth rates over the past few years and to grow significantly in the coming years owing to the increasing demand for N-Propyl Acetate as a solvent or an intermediate from various end use industries such as Chemicals, Paints, Automotive, Pharmaceuticals, Cosmetics, Food & Beverages and Others. Moreover, the expansion of capacity of the N-Propyl Acetate plant by Showa Denko (SDK), Tokyo has increased the production of N-Propyl Acetate. It is used in solvents for ink for special gravure printing which is extensively utilized for exterior packaging films for confectionary are likely to create opportunities in the n-propyl acetate market in the upcoming years.

FAQs:

Which are the different grades of N-Propyl Acetate?

The different grades of N- Propyl Acetate are Reagent and Technical Grade, Agricultural and Pharmaceutical Grade, and Optical Grade.

Which are the major applications for N-Propyl Acetate?

The major applications for N-Propyl Acetate include Paints, Coatings and Printing inks.

Who are the key players in the Global N-Propyl Acetate market?

BASF Group, Eastman Chemical Company, Du Pont Inc., DOW, Solvay S.A., Showa Denko K.K., Sankyo Chem., Daicel Corporation, Sasol corporation, Shiny Chemical industrial Co. ltd., Zibo Nuoao Chem. Co. Ltd., Wujiang Shuguang Chemical CO. Ltd., Ningbo Yongshun and Tosoh corporation are some leading players in the N-Propyl Acetate market.

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esglatestmarketnews · 4 years ago

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U.S. Esters Market Status, Share And Growth Factors Impact Analysis till 2022

March 03, 2021: U.S. Esters Market is estimated to grow significantly in the forecast period owing to the increase in demand for stabilizers and emulsifiers from personal care segment. Esters are the organic compounds that produce organic or inorganic acids when reacted with water. Esters possess properties like flexibility and low polarity and are more volatile than the equivalent amides. Esters are widely used as aromas in different fruits, pharmaceutical items and personal care products like shampoos.

U.S. esters market is witnessing growth due to factors like developments and innovations in surfactants, lubricants, pesticides and others, economic developments, growing population that demands personal care products and growing industrialization. Esters are extensively used in synthetic lubricants, which ultimately encourages U.S. esters industry. Moreover, growth in food industry due to increasing population is fueling United States esters market. However, the market is restrained by the government regulations for limiting the use of unsafe chemicals in the food & personal care products and unstable prices of raw materials.

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Nevertheless, low labor cost and regulations by government are encouraging the market growth of esters. Functional efficiency followed by biodegradability, sustainability and performance offered by esters are gaining traction by the market players. Also, the development of various personal care industries are expected to bring opportunities in U.S. esters industry in the coming years.

U.S. esters market is categorized on the basis of product type, application and geography. On the basis of product type, the market is divided into complex esters, diesters, monoesters and methyl esters. Complex esters segment is expected to lead U.S. esters industry since they offer high film thickness, wide viscosity range, high surface activity, and are cost-effective.

Based on application, U.S. esters market is bifurcated into industrial lubricants, automotive lubricants, marine lubricants, aviation lubricants and food grade lubricants. Aviation segment followed by automotive and industrial segment are expected to hold larger market share of esters due to wide applications. Geographically, U.S. esters industry is segmented as The West, Southwest, The Middle Atlantic, New England, The South and The Midwest.

The key players in United States esters industry comprise Arkema, Chemtura, Lanxess, Dow Chemical, Evonik Industries, DuPont, Procter & Gamble (P&G), Croda International, Sasol, PCC Chemax, Honeywell, Eastman Chemical, Ashland, AkzoNobel, Innospec, Archer Daniels Midland, LG Chem, Elementis Specialties, Valtris Specialty Chemicals, Rotuba, PMC Biogenix, Polymer Plastics Co. LC.AndStepan Company.

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Market Segment:

U.S. Esters Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Fatty esters

• By product

• Glycerol monostearate (GMS)

• By application

• Food additive

• Emulsifier for oil & greases

• Pharmaceuticals

• Personal care & cosmetics

• Others

• Medium Chain Triglycerides (MCTs)

• By application

• Dietary supplements

• Medical supplements

• Others

• Sorbitan esters

• By application

• Personal care & cosmetics

• Food additives

• Paints & pigments

• Pharmaceuticals

• Agricultural films & plastics

• Others

• Ethyl glycol monostearate

• By application

• Personal care & cosmetics

• Others

• Fatty acid methyl ester (FAME)

• By application

• Biodiesel

• Lubricants

• Metalworking fluids

• Polymer, coatings, & plasticizers

• Personal care

• Others

• Phosphate esters

• By application

• Lubricant base stock

• Agrochemicals

• Surfactants

• Flame retardants

• Plasticizers

• Paints & coatings

• Others

• Acrylic esters

• By product

• Methyl acrylate

• By application

• Coatings, adhesives, sealants, and elastomers (CASE)

• Surfactants

• Plastic additives

• Textiles & fibers

• Chemical synthesis

• Others

• Ethyl acrylate

• By application

• Copolymers & homopolymers

• Chemical synthesis

• Paints & coatings

• Others

• Butyl acrylate

• By application

• Personal care & cosmetics

• Paints & coatings

• Others

• 2-Ethylhexyl acrylate

• By application

• Copolymers & homopolymers

• Pressure sensitive adhesives

• Paints & coatings

• Others

• Cellulose esters

• By product

• Cellulose acetate

• By application

• Film base

• Coating additive

• Synthetic fibers

• Others

• Cellulose acetate propionate (CAP)

• By application

• Printing inks

• Varnishes & coatings

• Textile & apparel

• Plastic processing

• Nail care products

• Others

• Cellulose acetate butyrate (CAB)

• By application

• Coating additive

• Pharmaceuticals

• Textile & apparel

• Plastic processing

• Others

• Allyl & aromatic esters

• By product

• Ethyl acetate

• Ethyl benzoate

• Methyl laurate

• N-butyl stearate (NBS)

• Others

• By application

• Personal care

• Agricultural chemical

• Lubricants

• Pharmaceuticals

• Paints & coatings

• Surfactants & detergents

• Others

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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.

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Research Support Specialist, USA

Email: [email protected]

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chemanalyst · 4 years ago

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Global Biodegradable Polymers Market to Grow at a CAGR of 6.55% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Global Biodegradable Polymers Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global biodegradable polymers market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 6.55% during the forecast period. Increasing demand in the packaging industry backed by government initiatives across several regions to promote environment friendly biodegradable polymers would drive the demand for biodegradable polymers in the forecast period. In addition, UNICEF’s push for the economies to reach Sustainable Development Goals, aimed increasing usage of environment friendly materials by 2030 would further support the market growth in the forecast period.

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Biodegradable Polymers are the polymers which are degradable in nature and break down into smaller molecules with the action of agents such as microorganisms and nature. Based on feedstock type they can be classified into Natural Biodegradable Polymers which are formed in nature and Synthetic Biodegradable Polymers which are based on petroleum. Various Natural Biodegradable Polymers include Polylactic Acid (PLA), Polyhydroxy Butyrate (PHB), Starch based Biopolymers, Cellulose derivatives etc. Synthetic Biodegradable Polymers include Polycaprolactone (PCL), Polyglycolide (PGA), poly(3-hydroxybutyrate-co-3-hydroxyvalerate) (PHBV), poly (butylene adipate-co-terephthalate) (PBAT) etc. and others.

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Various Biodegradable Polymers find application in Agriculture Films, Textile, Consumer Goods, Packaging, Healthcare, and others. Major application is packaging which is driving the demand in the forecast period. various kinds of packaging such as food packaging, garbage bags etc. can be manufactured through polylactic acid which is degradable in nature. Next major end use is agriculture films which are also driving the market. Upcoming technologies such as Biodegradable composite materials and Biobased hybrid nanocomposites having application in artificial joints, drug delivery systems etc. are expected to push the demand further in the long run.

Prices of various natural biodegradable polymers like Polylactic Acid (PLA), Polyhydroxy Butyrate (PHB), Starch based Biopolymers, Cellulose derivatives etc. are high as compared to other non- biodegradable plastics due to high processing costs. Synthetic biodegradable polymers such as Polycaprolactone (PCL), Polyglycolide (PGA), poly(3-hydroxybutyrate-co-3-hydroxyvalerate) (PHBV), poly (butylene adipate-co-terephthalate) (PBAT) etc. and others are derived from petroleum hence their prices are dependent on the prices of crude oil. Recently in the first half of 2020 there was worldwide lockdown due to the coronavirus which resulted in fall in the prices of crude oil hence the prices of synthetic biodegradable polymers remained lesser as compared to 2019.

Regionally, Asia Pacific dominates the Global biodegradable polymers market and holds the largest market share in FY20. Asia’s biodegradable polymers market is anticipated to grow in the economies like India, China, and Japan due to continuously rising population and high demand from the industrial and household sector. Stronger government support for environment friendly materials is also projected to support demand rise in the region. South Asia, particularly India, seems to be the key market for biodegradable polymers as the country is seen as a generally under-supplied market with limited domestic manufacturing.

According to ChemAnalyst report, Global Biodegradable Polymers Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global biodegradable polymers market are Nature Works LLC, Galactic, Shimadzu, Mitsui Chem, BASF SE, Dainippon Ink Chem, Chronopol, Toyota, Treofan, Purac, Mitsubishi, Biomer, Novamont, Rodenburg Biopolymers, National Starch, Végémat, Limagrain and others.

“Being directly linked to the FMCG industry, the global biodegradable polymers industry has shown a robust growth alongside growing population and changing consumer preference. India is forecasted to become the world's fifth largest consumer market by 2025. In addition, reduction in the goods and service tax (GST) applicable on food packaging poised a stronger outlook to the country’s biodegradable polymers demand. China also serves as the key growth region with sufficiently installed capacities. Additionally, stronger government support for environmentally friendly biodegradable polymers having lesser carbon footprint may push the demand further. Global synthetic biodegradable polymers pricing curve shows strong movement in line with the crude oil which left major economics indulged into biodegradable polymers production witness tumbling values during the coronavirus pandemic era. With new competitors emerging across the Asian biodegradable polymers market, players anticipate that supply will soon outpace demand in the near future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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