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Paraxylene Px Market Growth and Sales forecast 2015 to 2021

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The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

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Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene. Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature . It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene. Paraxylene finds its largest application in large-scale manufacturing of terephthalic acid for polyester; also known as parylene.

The production process of paraxylene is one of the most complicated among all the chemicals; simple crystallization of the xylene normally led to complex purification process owing to the formation of eutectic mixtures . It is manufactured by catalytic reforming of naptha, a petroleum derivative, and separated in a series of adsorption or crystallization, distillation, and reaction processes from ethyl benzene, o-xylene, and m-xylene. The melting point of Paraxylene is highest among other isomers of xylene.

Based on end-user application, the global paraxylene market can be broadly categorized as dimethyl terephthalate (DMT), purified terephthalic acid (PTA), dibutyl phathalate xylene (Di-PX), and others. PTA accounted for the largest share in the paraxylene market in 2013 owing to their increased use in the polyester chain. On the other hand, DMT was the fasted-growing segment in 2013.

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In recent years, the demand-supply gap in the paraxylene market broadened owing to  increasing application of paraxylene in various other nontraditional applications  such as PET bottles. However, the production remains tight with limited number of manufacturers; owing to complicated manufacturing process associated with the paraxylene . Increasing use of PTA in polyester manufacturing is the most-dominant driver of the global paraxylene market. More than two-third of the total Paraxylene production was used in manufacturing pollster in 2013. Moreover, the rising demand for PET bottle resin  due to increasing use of PET in soft drink and mineral water bottles is further boosting the paraxylene market.

Increasing use of bio-based paraxylene in bioplastics PET bottles (Bio-PET) and other bioplastics applications such as catering utensils is creating new opportunities for the Paraxylene market.

Asia Pacific is the largest market for Paraxylene followed by Europe and North America. Asia Pacific and RoW (including Latin America, the Middle East, and Africa) are two of the fasted-growing Paraxylene markets, which witnessed an above-average growth in recent years. Country wise , China, the U.S., and India are some of the largest regional markets for paraxylene. China held the largest market share in 2013 in terms of regional consumption of paraxylene. The size of the peracetic acid market is relatively low in the RoW region. However, it is expected to witness healthy growth throughout the forecasted period, especially in petroleum-rich countries of the Middle East.

Some of the major companies operating in the global Paraxylene (Px) market include

  • British Petroleum (BP)
  • JX Nippon Oil & Energy
  • Reliance Industries
  • ExxonMobil
  • BASF
  • Braskem
  • Chevron Phillips Chemical
  • Dragon Aromatics
  • Fujian Refining & Petrochemical
  • Toray Industries
  • Pemex
  • Kuwait Paraxylene Production
  • and  Samsung Total Petrochemicals.

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Electrochromic Smart Glass Market Growth By Top Companies, Region, Application, Driver, Trends & Forecasts By 2021

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The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

An Electrochromic smart glass is a technological glass, which can change its properties according to the needs of its environment. Electrochromic smart glasses consist of two glass panes with various  layers sandwiched between them. Electrochromic smart glasses can be tinted, clear, colored, and opaque. This glass has the capacity to modulate heat and transmit light transmission according to the situation. Low-power consumption and integration of color without color filters are some of the advantages of electrochromic smart glasses. The switching speed of electrochromic glass is slow and it varies according to the size of the glass panel. Larger glass panels may generally take more respond time as compared with shorter glass panels. The desire to regulate the solar radiation through the windows is one of the key reason; most people prefer to use electrochromic smart glass.

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Electrochromic smart glasses is are modern and innovative smart glasses, which can be used in educational,  buildings, corporate,  commercial, and residential buildings, hotels, hospitals, labs, and retail outlets , commercial and residential building to create partitions in their walls, windows, and skylights. GrowIIncrease in architectural ing investments over architectural segment further helps to increase in boosting the growth of the electrochromic smart glass market. Aviation is also one of the major sectors, where the demand for electrochromic smart glasses is expected to growing during the forecasted period.This further helps in the growth of global electrochromic smart glass market.

Application of eElectrochromic smart glasses is found a wide range of application in the in the automobile sector. Premium automobile players, such as Mercedes-Benz SLK  and BMW AG, use electrochromic smart glasses in their windows and roofs. Global brands such as SAGE Electrochromics  and Smartglass International Limited offer most highly-innovative electrochromic smart glasses in the market with emphasis equipped with the latest technologies and better quality. GrowinIIncreaseing in investments over research and development, on electrochromic smart glass and introduction of new technology and technological advancements further helps in the drive the growth of the electrochromic smart glass market.

Asia Pacific is one of the prominent markets for electrochromic smart glass market. With the growthIncrease mining investments over in domestic and institutional buildings construction in Asia Pacific, is boosting the growth of the electrochromic smart glass market is also on the risen this region. Rising economy  and grow increasing ng household income are some of the key factors which triggers driving the growth of the electrochromic smart glass market in Asia Pacific region. Asia Pacific, This region is expected to witness the fastest-growing market for electrochromic smart glasses during the forecasted period. In the U.S., the energy consumed by commercial and residential buildings is estimated to be around 40% of the total nation’s annual energy consumption of the country. Heat transmission through windows accounts s for around 20% of the total energy consumed.  by buildings.The Use of electrochromic smart glasses further helps in the energy reduction of energy consumption. Government initiatives regarding promote the Net-Zero energy Buildings concept further helps in the drive the growth of the electrochromic smart glass market. In North America, the U.S. holds the largest market share of the electrochromic smart glass market. The global of electrochromic smart glass market is expected to grow in witness a double-digit growth rate during the forecasted period from 2014 to- 2020.

Some of the major companies operating in the global electrochromic glass market are

  • Smartglass International Limited
  • SAGE Electrochromics
  • Asahi Glass Corporation
  • View Inc.
  • Shenzhen Hongjia Glass Product Co
  • Dupont
  • Saint-Gobain S.A.
  • Guangdong Kangde Xin Window Film Co. Ltd.

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Asia Pacific Peracetic Acid Market by Top Brands, Trends and Demand 2016–2024

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A study conducted by Persistence Market Research (PMR) on “Peracetic Acid (PAA) Market: Asia Pacific Industry Analysis and Forecast 2016–2024,” projects the APAC peracetic acid market to surpass 164 Million, expanding at over 8% CAGR over 2024.

Growing preference for peracetic acid over chlorine across various industrial domains in Asia pacific is expected to influence the overall growth of the peracetic market in the region. In recent years, the application base of peracetic acid has expanded to a significant extent. On the contrary, demand for peracetic acid from food & vegetables processing aids, healthcare textiles (HCT), industrial cleaning, aseptic filling & packaging, meat & poultry processing aids and water treatment industries is scaling at a healthy pace.

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Key factors expected to shape the peracetic acid market in Asia Pacific during the next eight years  

A better alternative to chlorine as an oxidant agent for industrial cleaning, textile industry and in other purification purposes.  Peracetic acid is an effective disinfectant and finds robust use in various industries in the form of purifiers, cleaners and as sanitizing agents. In addition, growing demand for peracetic acid as sanitizing agents in packaged food and vegetables for prevention of microbial contamination is likely to play a major role in stimulating the market growth in Asia Pacific. Peracetic acid contains properties of bleaching agent, easy environmental degradation, and non-toxicity. Hence, making the product a safe sanitizer that can be used in consumable products.

In contrast, high volatility of PPA above 17% and associated risks with logistics can restrain the growth of the market. Likewise, adverse side-effects on health due to excessive exposure of peracetic acid on the surface of the skin, through oral intake or inhalation.

Based on PPA grade, demand for PAA- grade above 15% is expected remain high as compared to other PAA grades. While, growth in demand for other PAA grades will be sluggish during the forecast period. By 2016 end, the PAA- grade above 15% segment is estimated to occupy for over 46% value share of the market and is anticipated to gain 130 BPS over 2025.

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By end-use, food and beverage is anticipated to be the leading segment during the forecast period. In addition, the segment is projected to account for over 27% value share of the market by the end of 2016, gaining a BPS of 210 over 2025. This is primarily owing to the growing demand for peracetic acid from the F&B industry for sterilizing food contact surface equipment. In addition, the segment is set to witness a value CAGR of over 9% between 2016 and 2024.  

Region-wise, the market in China is projected to present lucrative business opportunities for leading players. The China peracetic acid market is projected to increase by 350 BPS during the forecast period. By 2016-end, China is estimated to account for mammoth 59.6% share of the market in terms of value. The market growth in China is largely attributed to the existence of a strong manufacturing and supply chain in the country that is comprehensively sustaining the growing demand for peracetic acid in the country as well as in the region. Likewise, India is another country were the market is estimated to exhibit a significant growth over the next couple of years. In the recent past, the country has attracted a healthy number of foreign investors who are planning to setup production plants in the country as demand for eco-friendly alternative chemicals is on the rise.

Company Profiles

  • Evonik Industries AG
  • Kemira Oyj
  • PeroxyChem LLC
  • Mitsubishi Gas Chemical Company Inc.
  • National Peroxide Limited
  • Solvay Peroxythai Ltd.
  • Qingdao Hiseachem Co., Ltd
  • Tianjin Xinyuan Chemical Co.,Ltd.
  • Aditya Birla Chemicals Limited
  • MGI Chemicals Pvt. Ltd.
  • Acuro Organics Limited

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Mobile Emission Catalyst Market Growing Demand 2015 To 2021

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The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

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Mobile emission catalyst helps in emission reduction from automotive and stationary engines from many vehicles such as cars, trucks, commercial vehicles and buses. It reduces emission of various gases such as carbon dioxide (CO2), carbon mono oxide (CO), hydrocarbons (HC), oxide of nitrogen (NOx) and other gases which are produced due to incomplete combustion of fuel. Mobile emission catalyst can also operate at high temperatures range. Mobile emission catalytic converter contains a substrate or core with a honeycomb structure coated with catalyst materials. Mobile emission catalyst is formulated either by single metals or a combination of various active metals such as vanadium, platinum, rhodium, zeolites, oxides of tungsten, titanium and molybdenum. Mobile emission catalyst is mainly use in gasoline engines, diesel engines, motorcycles engine and utility engines.

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Various mobile emission catalysts are diesel oxidation catalysts (DOC); catalyzed soot filters (CSF), selective catalytic reduction (SCR), SCRoF, lean NOx trap (LNT), premAir ozone reduction catalysts, natural gas catalysts, three-way conversion catalyst (TWC), FWC, motorcycle catalysts and small engine catalysts. Various regulations introduced by different countries for effective emission control to safeguard the ecosystem acts as a major driver for mobile emission catalyst market. New engine technologies and fluctuating precious metals prices are some of the key challenge for the growth of global mobile emission catalysts market. The demand of mobile emission catalyst is directly proportional automotives sales. Growing sales in automotive industry helps in the growth of mobile emission catalyst market.

Many global brands such as BASF and Clean Diesel Technologies offers most innovative mobile emission catalyst in the market with emphasis on latest technology and better quality which helps to enable clean air for a healthier environment. Growing investment over research and development on mobile emission catalyst and introduction of new technology further helps in the growth of mobile emission catalyst market.

In Asia Pacific region, China and India holds the largest share of mobile emission catalyst market. Asia Pacific is expected to witness fastest growth rates in mobile emission catalyst market during forecasted period 2014- 2020. Due to rising economy and increase in net income level the sales of automobiles is growing. This directly helps in the growth of mobile emission catalyst market. The European Union (EU) introduces strict limits on pollutant emissions for light road vehicles and commercial vehicles for emissions of nitrogen particulates and oxides. The Regulation includes measures concerning access to information on vehicles and their components. Introducing of such regulation leads to increase in the demand of mobile emission catalyst and replacement of emission technology is many vehicles further boost the mobile emission catalyst market. In North America, the U.S holds the largest market share in mobile emission catalyst market. The global mobile emission catalyst market is expected to grow in a double digit growth rate during forecasted period 2014- 2020.

Some of the major companies operating in global mobile emission catalyst market are

  • AeriNox Inc.
  • BASF
  • Clean Diesel Technologies Inc.
  • Clariant International Ltd.
  • Cormetech Inc.
  • Corning Incorporated
  • DCL International Inc.
  • Johnson Matthey Plc
  • Rhodia Inc.
  • Tenneco Inc.
  • Walker Exhaust Systems and Umicore SA

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Ethanolamines Market Global Analysis And Latest Study Report 2015 To 2021

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The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

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Ethanolamine, also known as 2-aminoethanol or monoethanolamine is an organic chemical compound which is both primary amine (organic compounds in the functional groups that has a basic nitrogen atom with a lone pair) and primary alcohol (alcohol having hydroxyl group connected to carbon atom). Ethanolamine is a corrosive, colorless, flammable, viscous and toxic liquids substance which is used in solutions and dispersions to scrub acids, feedstock material in the manufacture of detergents, emulsification agents, varnishes & polishes and other chemical intermediaries. Ethanolamine acts as a weak base compound (chemical base that does not ionize fully in an aqueous solution). Ethanolamine is the second-most-abundant head group substances for phospholipids. Ethanolamine is also used in messenger molecules such as palmitoylethanolamide. Ethanolamine is also referred as a class of antihistamines including carbinoxamine, clemastine, dimenhydrinate, diphenhydramine and doxylamine. In 2012, more than one third of ethanolamines were used in the manufacturing of surfactants.

On the bases of organic compound in the ethanolamine, global ethanolamine market can be bifurcated into monoethanolamine (MEA), diethanolamine (DEA) and triethanolamine (TEA). On the bases of application ethanolamine market can be divided into herbicides, personal care industry, textiles, detergents, agrochemicals, gas treatment, metal cleaning, wood preservatives etc. Herbicides are expected to dominate the consumption of ethanolamines in the forecasted period followed by, detergents, personal care and metal cleaning. other major application of ethanolamine are in the field of construction chemicals, corrosion inhibitors for metal protection. Majority of ethanolamine compound is used in the manufacturing of surfactants, which is expected to dominate the global market in the forecasted period.

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North America has the largest market share for ethanolamines substances, followed by Europe and Asia-Pacific. The U.S. and China are the largest consumer of ethanolamine substance globally and are expected to lead the market in the coming future. North America is expected to maintain its dominance in the forecasted period; Europe is expected to shoe average growth. However, Asia-Pacific region is expected to witness highest growth in the forecasted period owing to the increasing domestic demand from the end-user industries in the developing countries such as India and China.

Increasing demand from the end-user industries such as herbicides, detergent, and personal care industries is driving the global ethanolamines market. Additionally, increasing demand from the developing markets such as India and China paired with invention of new application in the field of wood preservation, construction chemicals corrosion inhibitors for metal protection is further expected to increase the global demand for ethanolamine substance. However, volatility of price associated with raw materials used for the manufacturing of ethanolamine is expected to hamper the growth, but at a very low level.

Low cost of production of ethanolamine substance especially in the emerging market such as India is influencing the ethanolamine manufacturing companies to invest more in this region.

BASF and Dow Chemical Corporation lead the global manufacturing of ethanolamine. Some of the other major companies involved in the manufacturing of ethanolamine in the global market are

  • INEOS Oxide Ltd.
  • Huntsman Corporation
  • China Petroleum & Chemical Corporation
  • Thai Ethanolamines Co. Ltd
  • Sinopec Shanghai GaoQiao Petrochemical Corporation
  • Akzo Nobel
  • Shijiazhuang Haisen Chemical Co. Ltd
  • Alkyl Amines Chemicals Ltd.
  • Air Products and Chemicals Inc.
  • Daicel Chemical industries Ltd and Celanese Corporation.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Chemical Logistic Market Forecast Covering Growth Inclinations & Development Strategies until 2015 to 2021

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The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

A safe and reliable Logistics system is an important aspect of chemical industry. The manufacturing and consumption geography of the chemical industry are mostly separated apart. Therefore the chemical logistic has its part in the efficient, competitive and sustainable market development of the chemical industries. Chemical logistics are generally responsive, supple and adaptable; provide innovative service to respond to market changes rapidly and efficiently.

The rising chemical market and shifting of the chemical manufactures from its traditional centers to the developing countries of Asia Pacific and Middle East has boosted the global chemical logistic market over the years. With growing infrastructure and development of new industrial location coupled with surging urbanization in the developing countries of Asia Pacific has raised the demand of organized upstream as well as downstream chemical logistic supply chain. The market of chemical logistic in developed region is heading towards maturity and the growth is mainly anticipated from the newly developed oil and gas production sites such as Appaloosa oilfield, Big Foot oilfield (Gulf of Mexico), and Baldpate in North America and Cawdor offshore oil fields, Bøyla oil field and Statfjord field in Europe.

Based on the different type of logistic services the global chemical logistic market can be segmented as pipelines transport, rail transport, road transport, intermodal transport, sea transport and barges. The sea and road transportation based chemical logistic supply chain grasped the largest market share in 2013. The sea transportation based chemical logistic segment is expected to witness the highest growth during the forecasted period.

Trend towards hybrid mode of business particularly with effect of many merger and accusation activities taking in chemicals industries has boosted the chemical logistic market. Moreover increasing clustering of chemical industry in Asia Pacific has leads to a change in the global trade pattern and opened new opportunities for supply chain management through suppliers via manufacturer to consumers. The development in the field of cross-functional supply chain management system is providing new opportunities for the chemical logistic market.

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Asia Pacific is the largest market of Chemical logistic market followed by North America, Europe and rest of the world (RoW). Asia Pacific and RoW (include Latin America, Middle East, and Africa) are two of the fasted growing Chemical logistic market of the world. Country wise, China and the U.S. are two of the largest regional chemical logistic market. China held the largest market share in terms of regional downstream chemical logistic supply chain 2013.

The upstream chemical logistic such as pipelines has highest market share in RoW region attributed to the large petroleum production sites and pipeline based supply chain to all major countries of Asia Pacific and European countries. The downstream logistic supply chain in Asia Pacific is increasing at double digit growth rate owing to the economic rise and strengthening transportation infrastructure in this region. The downstream chemical logistic market is expected to witness highest growth in Asia Pacific during the forecasted period.

Some of the major companies operating in global chemical logistic market include,

  • BASF
  • Dow
  • INEOS
  • SABIC
  • DB Schenker
  • Norbert Dentressangle
  • Dupre
  • Brenntag
  • Univar
  • CSX

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Superhard Material Market Forecast Covering Growth Inclinations & Development Strategies Until 2015 To 2021

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A superhard material is a material with a hardness level exceeding 40 gigapascals. Superhard materials are highly incompressible solids with high electron density and high bond covalency.

The various products of superhard material include cemented carbides, tool steels, ceramics and diamond. Cement carbide is generally used in industrial applications for machining tough materials such as carbon steel or stainless steel. The superhard material market is segmented in the following three categories: monocrystalline superhard, composite superhard materials and super-hard materials and tools. Monocrystalline superhard materials include diamond and cubic boron nitride.

Composite superhard materials include clad sheet for oil and gas, clad sheet for cutting tools, clad sheet and wire drawing die blanks used for coal and mining. Super-hard materials and tools include polycrystalline diamond drawing dies, diamond saw blades, diamond drill bits, diamond discs and diamond cutting tools.

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Due to their incomparable hardness, superhard materials can scratch and shape any object, hence it used in a wide range of industrial operations related to turning, cutting, drilling, boring and grinding. Superhard materials are used in many industries including aerospace, alternative energy, automotive, chemical processing, infrastructure and construction, die & mold, electronic, general machining, mining, oil & gas, paper & pulp, power generation, railroads and shipbuilding. Application of superhard material in these industries includes abrasive, coating, cutting tool, general medical, precision part, refractory parts, sensors, semiconductor fabrication, subsystem components and wear parts polishing.

 

In 2013, affected by the insufficient demand from downstream petroleum, construction and metal cutting machine tool and due to the sluggish economy, superhard material and products industry’s growth was slowed down and many companies were facing high operating costs due to this reason. In view of this, SF Diamond Co., Ltd, BOSUN Tools Co., Ltd, Henan Huanghe Whirlwind Co., Ltd, and some other companies adopted number of measures to expand their existing production capacity and extend their industrial chain to enhance their operational capabilities.

Asia-Pacific is the largest market for superhard material. China contributes the largest share of superhard material market in Asia-Pacific region generating about 90% of global output and become the top producer of manmade diamond. The superhard material market in China reached about USD 2 billion in 2013, accounting about 21.8% of global market share in superhard material. Market of superhard material in North America and Europe region is driven by improving economy, intensifying manufacturing activity and the ensuing rise in demand for machine tools that used for various industrial operations.

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Major companies operating in global superhard material market are

  • Zhongnan Diamond Co.Ltd
  • Zhengzhou Sino Crystal Diamond Co. Ltd
  • Henan Huanghe
  • SF Diamond Bosun Tools
  • KingDream Public
  • Advanced Technology & Materials Co. Ltd
  • Zhengzhou New Asia Superhard Material Composite Co. Ltd.
  • Henan Yalong Diamond Tools Co. Ltd
  • Shenzhen Haimingrun  Industrial Co. Ltd.
  • Zhengzhou Research Institute for Abrasives & Grinding
  • Monte Bianco Diamond Applications Co. Ltd.
  • King strong Material Engineering Ltd
  • CR Gems Diamond Co. Ltd
  • Anhui Hongjing New Material Co. Ltd
  • Funik Ultra hard Material Co. Ltd
  • Henan Yalong Superhard Materials Co.Ltd
  • Zhengzhou Realy Superabrasives Co.
  • Ltd and BOSUN Tools Co. Ltd.

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Nanocatalysts Market – Growth, Latest Trend & Forecast 2015 to 2021

Testing, Experiment, Science, Test

Catalyst with nanoparticles is termed as Nanocatalysts. It has nanoscale materials with at least one nanoscale dimension, or some time it has modified nanoscale structure to increase the catalytic properties. Catalysts are use for accelerating or decelerating the rate of change of the chemical reactions without being consumed or without any permanent physical or chemical changes within themselves. Nanocatalysts are extensively used in an array of application such as food processing industries, pharmaceuticals, oil and refinery and chemical industry. Nanocatalysts provide a larger surface area to speed the rate of reactions. Normally catalyst materials which are not catalytic when it is present in mass can become catalytic when it gets nanoscaled. Moreover nanotechnology provides custom design specification to catalysts in order to facilitate faultless selectivity in a catalyst based reaction.

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In the refinery and oil and gas industry, nanocatalysts materials are used in various applications such as catalytic cracking of the petroleum, heavy-oil up gradation, cleaning up oil drip, desulphurization, rectification, coal liquefaction and biodiesel and ethanol generation. Nanocatalyst is also used in removal process of various impurities found in petroleum such as sulphur, nitrogen and other metals mainly to minimize the toxic gases emission. The use nanocatalyst also enhances some of the most imperative physical properties of oil and gases such as frictional properties and overall temperature stability of the petroleum products. It also reduces octane and sulphur content found in fossils fuels to reduce carbon footprints and to increase viscosity of the petroleum product.

On the basis of the chemical properties of the nanocatalyst the global nanocatalysts market can be segmented four different categories namely nanoparticulate catalysts, nanoporous catalysts, nanocrystalline catalysts, and supramolecular catalysts. Based on the end user application of nanocatalyst the nanocatalysts market can be broadly categorised as refinery, petrochemical, chemical industry, pharmaceuticals, food processing, and environmental applications. The refinery industry grasped the largest market share among all other end user application segment for nanocatalysts in 2013, whereas the environmental applications segment is exhibiting the fastest growth in 2013.

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Worldwide increasing demand for cost-effective renewable energy resources, growing awareness towards reducing carbon footprints coupled with depleting fossils fuel resources are some of the major drivers of the nanocatalysts market. Moreover the various performance and cost benefits associated with nanocatalysts is making it one of the popular alternative of conventional catalyst in food and beverages industries which in turns driving the market for nanocatalysts. The evolution of low-cost metal nanocatalysts with superior performance in chemical processing is providing new growth opportunities for the nanocatalysts material particularly in chemical industry.

Asia Pacific is the largest market of nanocatalysts followed by North America and Europe. Asia Pacific is also the fasted growing market of nanocatalysts attributed to the growing allied industries such as pharmaceuticals, food and beverages and oil and refinery which in turns helping the market of nanocatalysts in this region.

Some of the major companies operating in global nanocatalysts market include,

  • Argonide Corporation
  •  Bayer Ag
  •  BASF Catalyst LLC
  •  Catalytic Solution
  •  Genencor International
  •  Evonik Degussa GmbH
  •  Headwaters Nanokinetix
  •  Johnson Matthey Plc.
  •  Mach I
  •  Nanophase Technologies Corporation
  •  Hyperion Catalysis International
  •  NanoScale Corporation
  •  Oxonica
  •  PQ Corporation
  •  NexTech Materials Ltd. Sachtleben Chemie Gmbh.
  •  Zeolyst International and Umicore.

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Manufacturers of Mobile Applications Market to Benefit from Increasing Adoption of the Product During the Forecast Period

Leading players operating in the global mobile applications are

  • Company Share Analysis
  • Global Players
  • Google Inc.
  • Microsoft
  • CA
  • Cognizant
  • Hewlett Packard Enterprise Development LP
  • SAP SE
  • China Mobile Limited
  • Samsung Electronics Co., Ltd.
  • Apple Inc.
  • Opera Software
  • Others

Of these, Google accounted for the major share of 18.6% in 2016 and led the Android-based mobile applications segment, while Apple Inc. accounted for the substantial share of 17.8% in the global market in the same year, finds PMR. These leading players are focusing on strategic acquisitions and mergers, and bringing in technology advancements in their offerings, in order to consolidate their shares in various regions. A number of prominent players are adopting competitive pricing strategy, in a move to get a better foothold in the market.

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The global mobile application market estimated valuation at the end of 2016 was US$38.29 Bn and is predicted to reach a worth of US$94.15 Bn by the end of the forecast period (2016 – 2024). The market is projected to rise at a CAGR of 11.1% from 2016 to 2024.

Of all the various end-use segments, the games segment is anticipated to hold a significant share during the assessment period and is estimated to contribute almost 50% share in the global market. The segment is projected to be worth US$43.99 Bn by the end of 2024. The various regional markets for mobile applications are North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Of these, presently, the APAC dominates the global market and is expected to retain its lead throughout the assessment period. The market is estimated to account for a regional share of 44.6% by the end of the forecast period.

Next-Generation Telecommunication Technologies to Boost Market     

Rising disposal incomes in several developing nations and the constant advancements in telecommunication technology are key factors driving the market. The rising spending of urban populations on mobile applications in various developed economies and the substantial demand for mobile devices are key factors fueling the mobile applications market in these regions. A burgeoning m-commerce industry in various developing and developed regions are key factors accentuating the market. The rising internet penetration and the vast increase in social media subscriptions worldwide are notable trends bolstering the demand for mobile applications.

The rising adoption of next-generation telecommunication technologies such as long-term evolution (LTE) and 5G is a key factor expected to open up promising avenues for market players. The vast rise in electronics manufacturing sector in a number of emerging economies is a notable trend anticipated to stoke the demand for mobile applications. Furthermore, the demand for more automated application in the area of gaming world over is a key factor expected to catalyze the growth of the market.

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Integrated and Smarter Mobile Apps to Create Lucrative Avenues

In recent years, the market has witnessed a surge in strategic investments by prominent technology players and electronics companies for expanding the in-house production of their application processors. This is on account for the strategy for differentiating their offerings from their competitors and is motivated by the move to maintain a sustained market share. For instance, native ecommerce apps offer the benefits of personalized shopping experience. Advancements in payments making them more secure and reliable are key trends expected to boost the adoption of m-commerce.

The rising popularity of mobile commerce in various developing and developed regions, especially among working populations, is bolstering the demand for mobile applications. Furthermore, this significant factor is likely to accentuate the market in the coming years. The launch of integrated and smarter mobile apps is expected to create lucrative avenues for market players. The advent of augmented reality mobile apps bodes well for the market.

The study presented here is based on a report by Persistence Market Research (PMR) titled “Global Mobile Application Market: Industry Analysis and Forecast, 2016–2024”

The global mobile applications market is segmented based on:

  • Store Type
    • Apple App Store
    • Google play
    • Others
  • End Use
    • Games
    • Social Networking
    • Healthcare
    • Books
    • Music
    • Productivity
    • Education
    • Entertainment
    • News
    • Photos and Videos
    • Navigation
    • Travel
    • Business
    • Others
  • Region
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

 

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Sales of Smartphones Market to Grow at Robust CAGR During 2016–2024

Persistence Market Research delivers key insights on the global smartphone market in a new report titled, “Smartphone Market: Global Industry Analysis and Forecast, 2016–2024”. The global smartphone market is projected to register a healthy CAGR of 7.9% in terms of value and 5.8% in terms of volume during the forecast period 2016-2024. The report provides insightful information on the global smartphone market pertaining to the value chain, market trends, competitive landscape, market dynamics, and market estimation and forecast for the projected eight-year period.

Rising disposable income increases the probability of consumer spending on media, entertainment, and networking and mobile communication; leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles. The instances of smartphone adoption are very high among the urban population as compared to the rural population – and hence there is high demand for smartphones in developed regions (where the urban to rural population ratio is higher than developing regions). These factors have led to a sudden growth of the global smartphone market over the last few years and this trend is likely to continue in the coming eight years.

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The global smartphone market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and m-Commerce industry as well as the increasing penetration of the Chinese smartphone industry. Leading global smartphone manufacturers such as Apple Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Lenovo Group Limited, and LG Electronics Inc. are making strategic investments in the development and production of their own application processor (AP) to differentiate their offerings and maintain increased market share and margins. There is also a rising trend of m-commerce particularly among the working population, and this has increased the demand for smartphones with top-notch features supporting m-commerce. Growing internet penetration, increasing marketing activities by vendors, and rising subscription in social media are some of the other key factors driving the growth of the global smartphone market. In the tug of war over customer acquisition and retention, brands are resorting to aggressive marketing and sales strategies to woo the new generation of smartphone wielding young professionals with attractive pricing, enhanced features, and multiple user options.

The global smartphone market is segmented on the basis of Operating System (Android, iOS, Windows, Blackberry Operating System, Other (Sailfish, Tizen, and Ubuntu)) and Distribution Channel (OEM, Retailer, e-Commerce). On the basis of operating system, the iOS segment is anticipated to account for US$ 584.9 Bn by 2024, registering a substantially high CAGR of 9.1% over the forecast period with a relatively high value share of 59.8%. The Android segment is expected to follow closely with a value share of 47.6% and a CAGR of 6.7%. In terms of volume, the Android operating system is estimated to account for the largest market share of 69.3% in the global smartphone market by the end of 2016 and is expected to increase to 70.0% by 2024. The Android segment is estimated to account for 50.7% value share in 2016 while the iOS segment is estimated to account for a revenue share of 46.2% in 2016. In terms of value, the Android segment is likely to register a high CAGR between 2016 and 2024 and this can be attributed to an increase in the demand and supply of reasonably priced android smartphones. The Blackberry Operating System segment is estimated to be valued at US$ 7,563.1 Mn in 2016 while the Windows Operating System segment is estimated to be valued at US$ 8,819.9 Mn in 2016.

On the basis of distribution channel, the e-Commerce segment is expected to show a significantly high growth rate of 9.3% followed by the OEM segment with a 7.9% growth rate by the end of 2024. The e-Commerce segment is estimated to be valued at US$ 175.3 Bn in 2016. The OEM segment is estimated to be valued at US$ 221.2 Bn in 2016 while the Retailer segment is estimated to be valued at US$ 218.1 Bn in 2016. As compared to the other segments, the OEM segment is expected to exhibit a relatively high attractiveness index over the forecast period. In terms of value, the global smartphone market is likely to project a healthy incremental opportunity during the forecast period.

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The report covers the global smartphone market across seven key regions namely – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). On the basis of region, APEJ is estimated to be the largest market for smartphones, accounting for 33.7% value share of the global smartphone market in 2016. The APEJ region is projected to remain dominant throughout the forecast period. There is a rapid growth of infrastructure and economic development in several countries in the APEJ region and this is expected to boost the growth of the smartphone market in this region. An increasing inflow of low priced high-end electronic components and products in APEJ is another key factor significantly impacting the smartphone market in the region. MEA is projected to be the fastest growing market over the forecast period, with a growth rate of 13.3%. The MEA region has witnessed rapid urbanization over the last few years and this has subsequently led to an increase in the number of consumers willing to purchase high-end smartphones. A rise in the disposable income and increasing demand for consumer electronics has led to a growing adoption of smartphones in the MEA region and this trend is expected to continue during the forecast period.

 

The report also profiles some of the leading smartphone companies operating in the global smartphone market. Key market players featured in the report include

  • Samsung Electronics Co., Ltd.
  • Apple Inc.
  • Huawei Technologies Co., Ltd.
  • Lenovo Group Limited
  • LG Electronics Inc.
  • TCL Communication Technology Holdings Limited
  • ZTE Corporation
  • Vivo Communication Technology Co. Ltd.
  • Other

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About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com