Key Companies Innovating the Future of the Automotive Lead Acid Batteries Market
The report "Automotive Lead Acid Batteries Market by Product (SLI Batteries, Micro Hybrid Batteries), Type (Flooded, VRLA), Customer Segment (OEM, Aftermarket), End Use (Passenger Cars, Light & Heavy Commercial Vehicles), and Region - Global Forecast to 2028", is projected to grow from USD 27.8 billion in 2023 to USD 34.0 billion by 2028, at a CAGR of 4.2%. Lead-acid batteries have been the primary choice for automotive applications due to their affordability, reliability, and ability to deliver high currents required for starting vehicles. The demand for lead-acid batteries in the automotive industry is directly linked to the production and sales of vehicles. With the expansion of the global automotive market, the demand for lead-acid batteries is also increasing. Emerging regions with growing automotive industries contribute significantly to the demand for these batteries.
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159 – Tables
39 – Figures
178 – Pages
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By product, the micro hybrid batteries segment is estimated to be the fastest-growing segment of automotive lead acid batteries market during 2023 to 2028.
The micro hybrid batteries segment, by product, is projected to be the fastest-growing market during the forecast period. The demand for micro hybrid batteries is increasing due to the growing popularity of start-stop technology in vehicles. Start-stop systems offer fuel efficiency improvements by reducing idle time, resulting in lower emissions and improved overall vehicle efficiency. As automakers strive to meet stricter emission standards and improve fuel economy, the adoption of start-stop systems and corresponding micro hybrid batteries is expected to rise.
By type, the flooded batteries segment accounted for the second-largest share of automotive lead acid batteries market in 2022.
Flooded batteries continue to be widely used in the automotive sector, particularly in traditional internal combustion engine vehicles. Despite the increasing adoption of other battery technologies in electric vehicles, flooded batteries are still commonly used for engine starting, lighting, and ignition (SLI) applications. The automotive sector's steady demand for flooded batteries contributes to the overall market trend.
By end use, the passenger cars segment is projected to account for the largest share of the automotive lead acid batteries market during the forecast period.
In developing economies, where automotive markets are still evolving, lead acid batteries continue to be widely used in passenger cars. These batteries offer a cost-effective solution for automotive power needs in countries with price-sensitive markets. As these economies continue to grow and vehicle ownership expands, the demand for lead acid batteries in passenger cars is expected to persist.
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By customer segment, aftermarket is expected to be the fastest-growing segment of the automotive lead acid batteries market during the forecast period.
The aftermarket segment plays a significant role in the automotive lead acid batteries market. As lead acid batteries have a limited lifespan and require periodic replacement, the aftermarket sector provides consistent demand for new batteries. Many consumers opt for lead acid batteries as replacements for their existing vehicles, especially for older models and vehicles that do not require advanced electrical systems. Thus, the aftermarket segment is estimated to have substantial growth.
Asia Pacific is estimated to account for the largest share of automotive lead acid batteries market during 2023 to 2028.
The automotive industry in Asia is rapidly expanding, driven by increasing vehicle production and sales. Lead acid batteries are extensively used in automotive applications, particularly in conventional internal combustion engine vehicles. As the demand for vehicles continues to rise in Asia, the demand for lead acid batteries in the automotive sector is expected to grow accordingly.
Automotive Lead Acid Batteries Market Key Players
The major players operating in the automotive lead acid batteries market include
Camel Group Co., Ltd. (China)
C&D Technologies, Inc. (US)
Clarios (US)
CSB Energy Technology Co., Ltd. (Taiwan)
East Penn Manufacturing Company (US)
EnerSys (US)
Exide Industries Ltd. (India)
Exide Technologies (France)
GS Yuasa Corporation (Japan)
Koyo Battery Co., Ltd. (Taiwan)
Leoch International Technology Limited (China)
Mebco (Saudi Arabia)
PT. Century Batteries Indonesia (Indonesia)
Reem Batteries (Oman)
Ritar International Group (China)
Robert Bosch GmbH (Germany)
Stryten Energy (US),
Tai Mao Battery Co., Ltd. (Taiwan)
Tianneng (China)
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This Automotive Lead Acid Batteries Market Research/Analysis Report Contains Answers to your following Questions
❓ What is the key driver for the automotive lead acid batteries market?
❓ Which region is expected to hold the largest market share in the automotive lead acid batteries market?
❓ What is the major end use of automotive lead acid batteries ?
❓ Who are the major manufacturers of automotive lead acid batteries?
❓ What is the total CAGR expected to record for the automotive lead acid batteries market during 2023-2028?
Methanol Market Size and Share: Competitive Landscape of Key Players
The methanol market has been experiencing significant growth driven by its diverse applications in the chemical industry. This growth is primarily attributed to the rising demand for methanol in the production of formaldehyde, acetic acid, and various other chemicals. Additionally, methanol's role as an alternative fuel source is contributing to its market expansion. The methanol market is projected to grow from USD 30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The methanol market growth is driven by the rising demand in various end-use industries such as automotive, pharmaceutical, construction, among others.
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Upcoming Trends in the Methanol Market include:
◆ Increased focus on sustainable production methods: With growing environmental concerns, there's a shift towards developing eco-friendly processes for methanol production, such as biomass-based or carbon capture utilization methods.
◆ Rising demand in emerging economies: Emerging economies are witnessing rapid industrialization and urbanization, leading to increased demand for methanol for various applications including chemical manufacturing and fuel blending.
◆ Technological advancements: Ongoing research and development efforts are aimed at enhancing methanol production efficiency and exploring new applications, driving innovation in the market.
◆ Shift towards renewable methanol: There's a growing interest in utilizing renewable sources such as biomass or carbon dioxide as feedstocks for methanol production, aligning with sustainability goals and reducing dependency on fossil fuels.
◆ Market consolidation and strategic partnerships: Companies in the methanol market are increasingly engaging in mergers, acquisitions, and strategic collaborations to expand their market presence, diversify product portfolios, and strengthen supply chain capabilities.
Methanol Market Key Players
✔️ Methanex Corporation (Canada)
✔️ HELM Proman Methanol AG
✔️ SABIC (Saudi Arabia)
✔️ Yankuang Energy Group Company Limited (China)
✔️ Zagros Petrochemical Company (ZPC) (Iran)
These are leading players in the methanol market, globally. These players have adopted the strategies of acquisition, agreement, investment, joint venture, merger, product launch, expansion, divestment, and partnership to fulfil the rising demand for methanol on the regional as well as global levels.
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Methanex Corporation
Methanex Corporation is one of the leading manufacturers of methanol. The company has a geographic presence in North America, Europe, Asia Pacific, South America, and the Middle East. Methanol manufactured by company is used in building materials, foams, resins, and plastics. In April 2023, Methanex Corporation and Suez Methanol Derivatives (SMD) signed an agreement for a new methanol pipeline construction.
Recent Developments
In April 2023, Methanex Corporation signed an agreement with Suez Methanol Derivatives (SMD) for a new methanol pipeline construction. With this agreement, Methanex Corporation will supply methanol from its Egypt plant to a nearby SMD company’s project in Damietta.
In March 2023, Zagros Petrochemical Company (ZPC) and Dalian Petrochemical Company signed an agreement to construct a methanol-to-synthetic ethanol conversion plant.
In March 2021, Celanese Corporation announced that it will expand its capacity and its Clear Lake, Texas integrated chemical manufacturing facility will begin utilizing recycled carbon dioxide (CO2) as an alternative feedstock in the production of methanol.
Based on Feedstock
Coal
Natural Gas
Others
By feedstock, the coal segment accounted for the fastest-growing of the methanol market during 2023 to 2028
The coal segment, by feedstock, market accounts for the fastest growth. Many countries are shifting towards coal feedstock due to high prices and limited reserves of natural gas in certain areas. For the manufacturing methanol from coal, it is mixed with air separator O2 and then put through coal gasification to create crude syngas. Methanol manufacturing using coal as a feedstock is a carbon-intensive process that can produce a lot of greenhouse gas emissions. Utilizing cleaner and more environmentally friendly feedstocks for the manufacturing of methanol has received increased attention in recent years in an effort to reduce environmental impact.
Based on Derivatives
Gasoline
MTO/MTP
Formaldehyde
Methyl Tertiary Butyl Ether (MTBE)
Acetic Acid
Dimethyl Ether (DME)
Methyl Methacrylate (MMA)
Biodiesel
Others
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Based on Sub-derivatives
Gasoline additives
Olefins
UF/PF resins
VAM
Polyacetals
MDI
PTA
Acetate Esters
Acetic anhydride
Fuels
Others
Based on End-use Industry
Construction
Automotive
Electronics
Appliances
Paints & Coatings
Insulation
Pharmaceuticals
Packaging (PET bottles)
Solvents
Others
Regions Covered in the Global Methanol Market Report 2024:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Methanol market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Methanol market.
Thermoplastic Polyolefin Market Opportunities and Challenges: A Focus on Key Players
The thermoplastic polyolefin market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the thermoplastic polyolefin market. The thermoplastic polyolefin market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the thermoplastic polyolefin market at the global and regional levels.
The report "Thermoplastic Polyolefin Market by Type (In Situ TPO, Compounded TPO, POEs), Application (Automotive, Building & Construction, Medical, Wire and Cables), Region (North America, Europe, APAC, MEA, South America) - Global forecast to 2028", is projected to reach USD 7.3 billion by 2028, at a CAGR of 6.0% from USD 5.4 billion in 2023. The report explores comprehensive and insightful Information about various key factors like thermoplastic polyolefin industry Segmentation, CAGR, business revenue competitive positioning of key companies and forecast. The Thermoplastic polyolefin market is mainly driven by the demand from various end use industries such as construction, automotive and electronic appliances, others. It is also driven by developing and emerging economies such as US and China.
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Market Overview
Thermoplastic Polyolefin (TPO) is defined as a polymer/filler blend that usually consists of some fraction of a thermoplastic, an elastomer, or rubber, and usually a filler. Also, TPO compounds are resin blends of polypropylene (PP) and uncrosslinked EPDM rubber and polyethylene. They are characterized by high impact resistance, low density, and good chemical resistance. Furthermore, TPOs are used for exterior body parts such as bumpers, rocker panels, body seals, automotive gaskets, doors & windows, and other parts. Moreover, many companies are expanding their product portfolio by focusing on launching new products in the market which in turn is also contributing to the growth of the market.
Thermoplastic Polyolefin Market Segmentation
On the basis of type the market has been segmented as follows:
In situ TPO
Compounded TPO
Polyolefin elastomers (POEs)
“In situ TPO by type is projected to grow at fastest CAGR, in terms of value, during the forecast period.”
The inherent lightweight nature of thermoplastic polyolefin (TPO) holds profound significance, particularly in industries such as automotive, aerospace, and transportation, where fuel efficiency and carbon emissions reduction are paramount concerns. In the automotive sector, where stringent regulations and consumer demand for eco-friendly vehicles prevail, TPO's exceptional weight advantage serves as a pivotal solution. Substituting traditional, heavier materials like metal with TPO in automotive components, including bumpers, interior trim, and exterior body panels, not only reduces the overall weight of vehicles but also facilitates adherence to stringent fuel efficiency standards. This weight reduction translates into enhanced fuel economy, as lighter vehicles demand less energy for propulsion, ultimately resulting in reduced carbon emissions and a more sustainable automotive landscape.
On the basis of application, the market has been segmented as follows:
Automotive
Building & Construction
Medical
Wire and cables
Others
“Automotive” by application segment accounted for the largest share in terms of value.
TPO's versatility and ease of processing enable intricate and aerodynamic designs for automotive parts. This not only enhances the aesthetic appeal of vehicles but also allows for the integration of advanced features and technologies, contributing to improved overall efficiency. In essence, TPO plays a pivotal role in the automotive industry's continuous efforts to produce lighter, more fuel-efficient, and environmentally friendly vehicles, addressing both regulatory mandates and consumer preferences for sustainable transportation solutions.
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Thermoplastic Polyolefin Market Geographical Segmentation Includes:
▶ North America (U.S., Canada, and Rest of North America)
▶ Europe (Germany, UK, Spain, Italy, France, and the Rest of Europe)
▶ Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
▶ Rest of the World
“Asia pacific is expected to be the fastest growing market for Thermoplastic polyolefin market during the forecast period, in terms of value.”
Thermoplastic polyolefin Market in Asia pacific is anticipated to register a CAGR of 7.6% between 2023 and 2028. Thermoplastic polyolefin Market in Asia pacific comprises the China, Japan, india, South Korea. It was the largest market of Thermoplastic polyolefin in 2022. Asia pacific has a well-established and diverse industrial base, spanning sectors such as automotive, construction, furniture, and more. These industries frequently use polyurethane materials in various applications. As the region continues to develop and modernize its infrastructure, the demand for polyurethane products, and consequently polyurethane Catalysts, can rise.
The major players targeting the market include
☑️ market DOW (US)
☑️ Mitsui Chemical, Inc. (Japan)
☑️ Exxon Mobil Corporation (Texas)
☑️ SABIC (Saudi Arabia)
☑️ Sumitomo Chemicals Co., Ltd. (Japan)
☑️ LyondellBasell Industries N.V. (Texas)
☑️ Ineos Group Holdings SA (Switzerland)
☑️ Borealis AG (Austria)
☑️ Formosa Plastic Corporation (Taiwan)
☑️ RTP Company (US)
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the thermoplastic polyolefin market?
• Which factors are influencing the thermoplastic polyolefin market over the forecast period?
• What are the global challenges, threats, and risks in the thermoplastic polyolefin market?
• Which factors are propelling and restraining the thermoplastic polyolefin market?
• What are the demanding global regions of the thermoplastic polyolefin market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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Powder Coatings Market Overview: Trends, Challenges, and Future Forecasts
The powder coating market is projected to grow from USD 15.4 billion in 2024 to USD 20.2 billion by 2029, at a CAGR of 5.5% between 2024 and 2029. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as powder coatings market size, share, and emerging trends. The driving factor for powder coating lies in its diverse range of applications across multiple industries. Powder coatings find extensive applications across a spectrum of industries including automotive, appliances, furniture, architectural, general industrial, as well as in sectors like oil & gas, pipes, fittings, wastewater treatment, valves, and tanks. Furthermore, the continuous evolution of new applications, such as the utilization of powder coatings on wood and plastics, contributes to the growing demand.
The environmental benefits associated with powder coatings are prompting a shift from liquid coatings to powder alternatives. Leading manufacturers of powder coating technology are capitalizing on this trend, particularly in exploring the untapped potential of plastics applications within automotive, appliances, and other industries.
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Thermoset by resinn type segment is expected to register the highest CAGR of the powder coating market during the forecasted period.
In the powder coating market, there are two main types of resins: thermosets and thermoplastics. Thermoset resins, which make up a large portion, offer strong protection against shocks and corrosion for automobile parts, industrial equipment, and household appliances. Meanwhile, thermoplastic resin powder coatings have their own advantages, like good solvency, durability against weathering and wear, a good balance of price and performance, and a nice appearance.
Architectural sector, by application segment, holds the second largest share in the overall polyethyleneimine market during the forecast period.
Architectural coatings cover a range of decorative and practical products like paints, stains, lacquers, primers, and cleaners. In the realm of powder coatings, these applications extend to both interior and exterior coatings, commonly used in homes and commercial buildings. They’re applied by professionals and DIY enthusiasts to coat aluminum and steel surfaces for various interior and exterior purposes. The rising use of powder coatings in architecture is driven by their strong durability and the availability of a wide range of finishes and colors.
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Asia Pacific region is likely to be the fastest growing powder coating market during the forecast period.
The powder coating market experiences substantial growth in the Asia Pacific region, notably in China, India, and various Southeast Asian countries. This growth is fueled by heightened demand resulting from increasing disposable incomes, particularly in regions such as Indonesia and Brazil, leading to greater consumer product, automobile, and furniture demands.
Factors such as significant population expansions further bolster the expansion of the powder coating market. Additionally, the relocation of manufacturing units from North America and Europe to the Asia Pacific, driven by favorable manufacturing conditions and lower raw material and labor costs, serves as a significant driver for the market’s growth in this region.
Key Players
Akzo Nobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), Axalta Coating Systems, LLC (US), and Nippon Paint (Japan), RPM International Inc. are the key players in the global market.
Understanding the Refractories Market: Material Types, Applications, and Trends
The report "Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Non-Ferrous Metals, Cement, Power Generation, Glass), and Region - Global Forecast to 2029", size is projected to grow from USD 34.3 billion in 2024 to USD 42.4 billion by 2029, at a CAGR of 4.4% during the forecast period. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as refractories market size, share, and emerging trends.
The increasing demand for refractories is largely driven by the increasing demand from the steel industry, where refractory materials are essential for withstanding high temperatures and corrosive environments in steelmaking processes. However, a significant restraint facing the market is the volatility in raw material prices, which can impact production costs and pricing strategies. Despite this challenge, there exists a significant opportunity in the growing focus on sustainability, driving demand for recycled refractories and eco-friendly solutions. Nonetheless, a key challenge for the market is the dominance of certain countries in the supply of critical raw materials, leading to market distortions and supply chain vulnerabilities. Overall, navigating these drivers, restraints, opportunities, and challenges is crucial for stakeholders in the refractories market to maintain growth and competitiveness.
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323 – Tables
54 – Figures
282 – Pages
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The Acidic & Neutral segment is expected to register the highest growth in the global refractories market during the forecast period.
The Acidic & Neutral refractories segment leads as the fastest-growing market segment compared to Basic refractories due to its versatility and wide applicability. With materials like silica (SiO2) and alumina (Al2O3), these refractories offer exceptional resistance to both acidic and basic slags, meeting diverse industrial needs. Industries like glassmaking, ceramics, and cement manufacturing increasingly rely on them for enduring harsh chemical environments while maintaining performance under high temperatures.
Iron & Steel segment dominated the market in 2023.
In 2023, the Iron & Steel segment continued to dominate the refractories market among its counterparts, cement, glass, power generation, and others, largely due to its substantial demand for refractory materials. With the backdrop of a thriving global steel industry, the demand for refractories remained robust. The iron and steel sector's reliance on refractories is inherent to its operational processes, with approximately 10-15 kilograms of refractory materials required for every ton of steel produced. This high consumption rate underscores the critical role that refractories play in the steelmaking process, providing essential thermal insulation and resistance to extreme temperatures and corrosive elements. While other industries such as cement, glass, and power generation also require refractories, the iron and steel segment's consistent and substantial demand solidified its dominance in the refractories market in 2023.
The Shaped refractories segment is the fastest growing segment in the refractories market.
Shaped refractories are experiencing rapid growth in the market compared due to their versatility and effectiveness in meeting the evolving needs of various industries. These pre-formed refractory products, including bricks, tiles, and custom shapes, offer superior structural integrity and precise fitting, making them indispensable for lining furnaces, kilns, and equipment with standardized configurations. Shaped refractories are renowned for their ease of installation, consistent performance, and durability in high-temperature environments.
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Asia Pacific region is the fastest growing market for refractories.
Asia Pacific (APAC) stands as the fastest-growing market for refractories, driven by various factors that underscore the region's economic dynamism. China, holding the title of the world's largest steel producer, fuels substantial demand for refractory materials in its steelmaking industry, serving as a primary growth catalyst. Furthermore, India's robust cement sector, driven by extensive construction activities, contributes significantly to the increasing demand for refractories in the region. Rapid urbanization, industrialization, and infrastructure development initiatives across Asia Pacific further bolster demand for refractory products in various sectors.
Key Players
Some of the key players operating in the refractories market are RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima Corporation (Japan), Imerys (France), Shinagawa Refractories Co., Ltd. (Japan), Saint-Gobain (France), Calderys (France) and others. Expansions, acquisitions, and deals are some of the major strategies adopted by these key players to enhance their positions in the refractories market.
RHI Magnesita is a global leader in the refractories industry, formed by the merger of RHI AG and Magnesita Refratários SA. With a rich heritage spanning over a century, the company boasts unparalleled expertise in providing innovative refractory solutions to a wide range of industries worldwide, including steel, cement, non-ferrous metals, and more. Leveraging advanced technology and a robust global network, RHI Magnesita offers a comprehensive portfolio of high-quality refractory products and services, catering to the evolving needs of its diverse customer base. Its commitment to research and development, coupled with a focus on sustainability and operational excellence, positions RHI Magnesita at the forefront of the refractories market, driving growth and delivering value to its stakeholders.
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Vesuvius, established in 1916 and headquartered in London, stands as a premier global provider of molten metal flow engineering solutions and advanced refractories. With a century-long legacy of innovation and expertise, Vesuvius serves diverse industries including steel, foundry, and glass. Their extensive portfolio and commitment to research and development empower them to deliver tailored solutions that optimize efficiency and enhance performance. Through their global presence and customer-centric approach, Vesuvius continues to drive advancements in molten metal flow control and refractory technology, supporting industries worldwide in achieving their operational excellence goals.
Exploring the Chelating Agents Market: Applications, Challenges, and Innovations
The report "Chelating Agents Market by Type (Non-Biodegradable, Biodegradable), by Application (Pulp & Paper, Cleaning, Water Treatment, Agrochemicals, Personal Care), by Region – Global Forecast to 2025", The global chelating agents market size is expected to grow up to USD 8.4 billion by 2025, at a CAGR of 4.2% during the forecast period. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as chelating agents market size, share, and emerging trends. The major factor driving the chelating agents market is the increase in demand for potable and treated water and growth in the consumption of cleaning products.
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Biodegradable chelating agents to register the fastest growth during the forecast period.
The objective of readily biodegradable chelating agents is to attain sustainability. The demand for cleaning products, such as surface cleaners, detergents, and personal care products, such as soaps, shampoos, and potable water, is continuously on the rise. Growth in consumption of these personal care and cleaning products; the necessity for maintaining proper hygiene at workplaces, homes, and commercial spaces; and safety provided by the product are the major factors propelling the demand for biodegradable chelating agents.
Cleaning to be the fastest-growing application segment.
Chelating agents are used in cleaning formulations for their effective functioning by preventing the minerals prevalent in hard water from meddling with the cleaning process. In addition, chelating agents also improve shelf-life, prevent allergies related to nickel or chromium, maintain color, provide antimicrobial effect, and help in scale removal. The use of chelating agents in cleaning products, such as surface cleaners, all-purpose cleaners, detergents, and disinfectants, is expected to rise owing to the need for maintaining proper personal and surrounding hygiene.
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APAC to dominate the chelating agents market during the forecast period.
APAC is projected to lead the chelating agents market during the forecast period. Growing population, urbanization, and industrialization are the major drivers for the chelating agents market in the region. Industries, such as pulp & paper, industrial & institutional cleaning, water treatment, oil & gas, textile, pharmaceuticals, agriculture, and personal care, use chelating agents in many applications and also have a major presence in APAC, which is responsible for the large size of the market in the region.
Chelating Agents Market Trending Key Players
The chelating agents market comprises major players such as BASF (Germany), Dow (US), Nouryon (Netherlands), Kemira Oyj (Finland), Mitsubishi Chemical Holdings Corporation (Japan), Hexion (US), ADM (US), Ascend Performance Materials (US), MilliporeSigma (US), Cargill (US), Nippon Shokubai Co., Ltd. (Japan), Tosoh Corporation (Japan), Bozzetto Group (Italy), AVA Chemicals (India), Zschimmer & Schwarz (Germany), Tate & Lyle (UK), Shandong IRO Chelating Chemicals Co., Ltd. (China), Saanvi Corp (India), Chemtex Speciality Limited (India), Osam Speciality Chemicals Pvt. Ltd. (India), Zhonglan Industries (China), and Macrocyclics (US).
☑️ BASF SE
Overview:
BASF is one of the world's largest chemical producers, offering a wide array of chelating agents used in diverse applications such as water treatment, detergents, and agriculture.
Key Products:Ethylenediaminetetraacetic Acid (EDTA)
Diethylenetriaminepentaacetic Acid (DTPA)
Glycolic Acid
Strategic Initiatives:
BASF focuses on innovation and sustainability, investing significantly in R&D to develop eco-friendly chelating agents. The company aims to enhance its product portfolio to cater to the increasing global demand while promoting sustainability through responsible manufacturing practices.
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☑️ AkzoNobel N.V.
Overview:
AkzoNobel is a leading global supplier of paints and coatings, as well as specialty chemicals, including chelating agents for various industrial applications.
Key Products:Nitrilotriacetic Acid (NTA)
EDTA
Strategic Initiatives:
The company emphasizes sustainability and is actively working on improving the environmental profiles of its products. AkzoNobel is investing in digitalization and innovative technologies to enhance product efficiency and market reach.
Antifreeze/Coolant Market Analysis: Current Landscape and Future Forecast
The report "Antifreeze/Coolant Market by Application (Automotive, Industrial), Base Fluid (Ethylene Glycol, Propylene Glycol and Glycerine), Technology, Regions (North America, Europe, APAC, Middle East & Africa, and South America) - Global Forecast to 2025", The global antifreeze/coolant market size is projected to reach USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8%. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as antifreeze/coolant market size, share, and emerging trends. The antifreeze/coolant industry will be driven primarily by the increase in the number of vehicles in operation worldwide. The growth in the HVAC systems and construction equipment industry are the other key factor contributing to the growth of the antifreeze/coolant market over the next few years.
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In terms of value and volume, automotive is estimated to lead the antifreeze/coolant market in 2019.
The automotive segment led the antifreeze/coolant market in 2019. The number of vehicles in operation at the global level is one of the factors driving the antifreeze/coolant market. This growth in the automotive sector can be attributed to growing population, improved socio-economic conditions, emerging economies, expanding e-commerce industry, improved infrastructure, increasing vehicle fleet, and other factors. The growth of the automotive engine coolant market can be directly related to the increase in the number of motor vehicles operating and total miles driven per year, as they play a mandatory role in the engine cooling system of a vehicle.
Ethylene glycol is estimated to lead the antifreeze/coolant market in 2019.
Ethylene glycol led the antifreeze/coolant market share in 2019, in terms of value and volume. Growth of the ethylene glycol as a base fluid in the antifreeze/coolant industry is primarily attributed because of its cost-effectiveness and its ability to be used in all climatic conditions, making it the most preferred base fluid across the globe. It is used as antifreeze in automotive engine cooling and is also used in many industrial cooling applications. Recycling of ethylene glycol from processes such as distillation, reverse osmosis, and ion exchange is also gradually making its mark in the market for utilization as an engine coolant.
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OAT (organic acid technology) is estimated to lead the antifreeze/coolant market in 2019.
OAT (organic acid technology) led the antifreeze/coolant market share in 2019. OAT technology is projected to have significant growth opportunities by 2025. Organic acid technology (OAT) is based primarily on carbon-based molecules, typically organic acids, to protect cooling system components. This technology has a life of about 5 years or 250,000 km in automotive applications. The technology is safe for both aluminum engines and rubber parts.
APAC is estimated to lead the antifreeze/coolant market in 2019.
APAC led the antifreeze/coolant market in 2019. Growth in the automotive and manufacturing sectors offer an evolving and lucrative market opportunity for the antifreeze/coolant market in APAC. The rising income levels, developing transport infrastructure, growing ambition to own private vehicles, increasing mobility, and increasing demand for goods carriers from micro, small & medium-size enterprises are fueling the demand for antifreeze/coolant in the APAC region.
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Antifreeze/Coolant Market Trending Key Players
The global Antifreeze/coolants market comprises major manufacturers, such as ExxonMobil Corporation (US), Royal Dutch Shell Plc (Netherland), Chevron Corporation (US), BP Plc (UK), Total S.A. (France), BASF SE (Germany), and LUKOIL (Russia). Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the antifreeze/coolant market.
Chevron Corporation (US) held the leading position in the global antifreeze/coolant market in 2019. The company has maintained its leadership position through its strong distribution network. It has around 8,000 retail stores in the US. Chevron Corporation (US) is among the leading manufacturers of antifreeze/coolant for many of the markets it serves. It adopted new acquisitions as its key strategy to capture the market. In December 2019, Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, signed a conditional Share Sale Agreement with Puma Energy Asia Pacific B.V. with the aim to acquire all the shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd. for USD 291 million (AUD 425 million).The acquisition has boosted the company’s revenue and expanded its geographical reach.
Bio-Lubricants Market Overview: Challenges, Opportunities, and Trends
The report "Bio-lubricants Market by Base Oil (Vegetable oil, Animal fat), Application (Hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases), End-use, Region - Global Forecast to 2025" The global bio-lubricants market size is projected to grow upto USD 2.4 billion by 2025, at a CAGR of 4.1%. The growth is attributed to growing awareness about environmental issues and the adoption of stringent regulation by various end-use industries. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as bio-lubricants market size, share, and emerging trends.
Browse 234 market data tables and 60 figures spread through 210 pages and in-depth TOC on "Bio-lubricants Market by Base Oil (Vegetable oil, Animal fat), Application (Hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases), End-use, Region - Global Forecast to 2025"
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Vegetable base oil segment estimated to lead the bio-lubricants market in 2019
Vegetable base oil accounted for the largest share in the overall bio-lubricants market. It is widely used due to its properties such as higher biodegradability, higher lubricity, lower volatility, higher shear stability, and higher viscosity index. Apart from these, vegetable oil seeds are available in abundance in various countries.
Industrial sector estimated to be leading consumer of bio-lubricants
The industrial segment led the overall bio-lubricants market in 2019, both in terms of value and volume. The reason for the industrial segment leading the market is due to the growing demand from the marine industry. Various countries have adopted regulations which make it mandatory for shipping vessels to use bio-lubricants in their systems to enter their territorial waters.
Europe projected to account for largest share of bio-lubricants market during forecast period
Europe is projected to have the largest share in the global bio-lubricants market, in terms of both value and volume, from 2020 to 2025. Europe has stringent regulations that mandate the use of bio-based chemicals in various industries. Also, various countries in Europe are rapidly transitioning towards bioeconomy, which further promotes the use of renewable resources for the production of chemicals.
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Bio-lubricants Market Trending Key Players
ExxonMobil (US), Royal Dutch Shell (Netherlands), Total S.A (France), Cargill Inc. (US), BP (UK), FUCHS Group (Germany), and Panolin AG (Switzerland) are the key players operating in the bio-lubricants market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the bio-lubricants market.
Cargill, Incorporated
Cargill is a major agricultural and food production company that also plays a significant role in the bio-lubricants market. The company produces bio-based lubricants from renewable resources, such as soybeans and canola. Cargill emphasizes the development of high-performance bio-lubricants that meet the specific requirements of various industries, including automotive and industrial applications.
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Fuchs Petrolub SE
Fuchs Petrolub is a prominent independent lubricant manufacturer known for its innovative products and solutions. The company has developed a range of bio-lubricants under its Bio and Biolube brands, targeting various sectors such as automotive, agriculture, and forestry. Fuchs emphasizes product performance and environmental responsibility, positioning itself as a key player in the bio-lubricants market.
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Sustainable Solutions in Refrigeration: A Deep Dive into Insulation Materials
The Report "Refrigeration Insulation Materials Market by Material Type (Elastomeric Foam, PU & PIR), Application (Commercial, Industrial), End-Use Industry (Food & Beverage, Chemicals & Pharmaceuticals, Oil & Gas and Petrochemicals) Region - Global Forecast to 2025" The refrigeration insulation materials market is projected to reach USD 4.8 billion by 2025, at a CAGR of 6.0%. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as refrigeration insulation materials market size, share, and emerging trends.
Browse 113 market data Tables and 52 Figures spread through 162 Pages and in-depth TOC on "Refrigeration Insulation Materials Market by Material Type (Elastomeric Foam, PU & PIR), Application (Commercial, Industrial), End-Use Industry (Food & Beverage, Chemicals & Pharmaceuticals, Oil & Gas and Petrochemicals) Region - Global Forecast to 2025"
The market is directly linked to the growth of the refrigeration industry. The increased refrigeration application in various major industries has influenced the market for refrigeration insulation. The food and beverage industry has also had a significant impact on the market. The growing demand for processed food and increased consumption of cold beverage products has increased the demand for refrigeration insulation in the industry.
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PU & PIR are expected to lead the market during the forecast period.
PU & PIR accounted for the largest share of the refrigeration insulation materials market in 2019. This is mainly due to the high suitability of the material in refrigeration insulation and growing production capacities. PU & PIR has a temperature range of -1800C to 1200C, making the material perfect for all applications. It is widely available due to the presence of a large number of manufactures in all regions.
Commercial construction is projected to be the largest application of refrigeration insulation materials during the forecast period.
People are very much dependent on these commercial establishments for food, especially in Europe and North America. Refrigeration is crucial for food preservation. Almost all supermarkets and hypermarkets have refrigerators, vending machines, and warehouses that require refrigeration insulation for energy efficiency and proper operation. Thus, the commercial refrigeration application is expected to remain the largest market for refrigeration insulation.
Food & beverage is projected to be the largest end user of refrigeration insulation materials during the forecast period.
The global demand for food and beverage has significantly increased due to the growing population. According to the United Nations, the global population will reach 8.1 billion in 2025, which means almost 3 billion more mouths to feed. The UN has already stated food security and the environment are the biggest concern for mankind. Both these issues are interlinked as well. With growing environmental concerns, total irrigable land has reduced drastically in the last decade, thereby putting more emphasis on food preservation. Thus, the refrigeration insulation materials market is expected to grow in the food & beverage industry.
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Europe is expected to account for largest share of the refrigeration insulation materials market.
Europe dominated the refrigeration insulation materials market with a share of 34%, in terms of value, in 2019. Germany is the largest market in Europe, accounting for a share of 19% of the regional market in 2019. Germany is the most industrialized country in the world. It is one of the leading manufacturers of chemicals, pharmaceuticals, and food & beverage. Germany and other EU countries have signed the Kigali Agreement, which is expected to have a significant impact on the refrigeration insulation materials market.
Refrigeration Insulation Materials Market Trending Key Players
The key players in this market are Armacell (Germany), Owens Corning (US), Kingspan Group Plc (Ireland), Morgan Advanced Materials (UK), Etex (Belgium), Isover (France), BASF SE (Germany), Kflex (Italy), and Aspen Aerogel (US). The leading players are focusing on both organic and inorganic strategies to maintain their position in the market.
Armacell is the largest player in the refrigeration insulation materials market. The company is developing its business via expansion in countries such as APAC and the Middle East. It mainly focuses on channel selling and expansion to strengthen its position in the market. The company is also focusing on new product developments. It also utilizes partnerships to increase its market share.
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Kingspan is one of the major manufacturers of refrigeration insulation materials. The company is focusing on expansion as well as acquisition strategies. It has maintained a very strong global presence through its global acquisition strategy. The company also caters to a wide range of insulation materials and also focuses on material development and innovation.
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Exploring the Importance of Insulation for Battery Protection in Electric Vehicles
The report "Electric Vehicle Insulation Market by Product Type (TIM, Foamed Plastic, Ceramic), Application (Under the Bonnet & Battery Pack, Interior), Propulsion Type (BEV, PHEV), Insulation Type (Thermal, Electrical, Acoustic) and Region - Global Forecast to 2024" The electric vehicle insulation market is estimated to be USD 1.3 billion and is projected to reach USD 4.2 billion by 2024, at a CAGR of 26.7% during the forecast period. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as electric vehicle insulation market size, share, and emerging trends.
The growing concern over pollution, and heavy investments by the automakers in electric vehicles are expected to drive the electric vehicle insulation market. Also, the increasing demand for high-density batteries and high range vehicles are driving the demand for electric vehicles, which in turn is estimated to boost the electric vehicle insulation market.
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Foamed plastic led the electric vehicle insulation market, by product type, in 2018.
The foamed plastic segment led the electric vehicle insulation market in 2018. This was owed to the growing demand for light-weight and impact resistant insulation materials from the ever-increasing electric vehicles industry.
The BEV segment led the electric vehicle insulation market, by propulsion type, in 2018.
The BEV segment led the electric vehicle insulation market, by propulsion type, in 2018. This was owed to the growing production of BEV in countries such as China, Japan, the US, Germany, and South Korea, among other countries. Also, the huge battery pack of BEV, when compared to PHEV, has driven the demand for insulation in BEV propulsion type.
Under the bonnet and battery pack segment led the application segment of the electric vehicle insulation market in 2018.
The under the bonnet and battery pack led the application segment of the electric vehicle insulation market in 2018. This was owed to the requirement of insulation of electric motor, internal combustion engine (in case of PHEV), and batteries. Also, the growing production of BEV is another factor still driving the market in this segment.
Thermal insulation & management was the largest insulation type of electric vehicle insulation in 2018.
Thermal insulation & management was the largest insulation type of the electric vehicle insulation market, in 2018. The growing demand for high capacity battery packs still drives the demand for thermal insulation & management in battery packs. In addition, increasing production of BEV and PHEV is another factor driving the market in this segment.
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APAC led the electric vehicle insulation market in 2018.
APAC was the largest market for electric vehicle insulation in terms of value in 2018. This was due to the increasing production of electric vehicles in the region. In addition, the presence of major manufacturers of electric vehicles such as BYD, BAIC, Geely and SAIC, among others, is another factor driving demand for the electric vehicle insulation market in the region.
Electric Vehicle Insulation Market Key Players
The key market players profiled in the report include BASF SE (Germany), Saint-Gobain (France), Autoneum (Switzerland), Von Roll Holding AG (Switzerland), Morgan Advanced Materials (UK), Zotefoams plc (UK), Unifrax (US), DuPont (US), 3M (US), Alder Pelzer Holding GmbH (Germany), Elmelin Ltd. (UK), Pyrophobic Systems Ltd. (Canada), Techman Advanced Material Engineers (UK), and Marian Inc. (US) among others.