News Archive for Oil and Gas News, Petrochemical News

Petroleum coke: A valued global commodity – evolving industry trends and insights 2020

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Petroleum coke is a black, solid concentrated carbon material. It is produced through the thermal decomposition of heavy petroleum process stream and residues. Thermal tar, and residual oil are the commonly used raw materials in the production of petcoke. These raw materials are heated to the thermal cracking temperatures and pressures, thus creating petroleum liquid and gas product streams. Delayed process, fluidized bed process and flexicoking process are the majorly used processes for the production of petcoke.

Fractional distillation of crude oil produces liquefied petroleum gas, gasoline, kerosene, diesel fuel, jet fuel, heating oil, waxes and lubricating oils, leaving behind some quantity of residual crude that generally undergoes further processing. The crude residue is further refined by a process known as ‘coking’ to produce transportation fuels along with petroleum coke. It offers a variety of uses as an alternative, cost effective fuel. Petroleum coke holds immense potential as refineries across the globe seek to operate with higher efficiency, and extract more gasoline and other high-value fuels from each barrel of crude oil.

Physical and chemical properties of petroleum coke depend on the type of crude oil and the process technology employed in refining it. Petroleum coke can be hard or relatively soft in nature.

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Generally, petroleum coke resembles a sponge with its many pores, ranging in size from a small grain to a marble-sized particle. Chemically, petroleum coke is composed of a variety of metals and elements in a wide range of concentrations. Depending on these physical and chemical characteristics, petroleum coke is generally used in energy applications or as a fuel source in industrial applications.

Petroleum coke can be further categorized into green coke or calcined coke. Green coke is the initial product obtained from the cracking and carbonization of the feedstock to produce a substance with high carbon hydrogen ratio. Green coke is further processed to produce calcined coke. Additional processing eliminates the volatile matter and increases its electrical conductivity.

Green petroleum coke is heated between 1200 0C and 1400 0C. High temperature removes excess hydrocarbons and modifies its crystalline structure, resulting in a denser product. It is the purest form of carbon material produced. Calcined coke is majorly used in the aluminum industry, which represents almost 75.0% of demand for the global calcined coke. The aluminum industry is the major consumer of calcined petroleum coke, contributing around 75% to 80% of demand for calcined petroleum coke. The remaining demand for calcined coke arises from chemical, paint, paper and steel industries for the manufacture of titanium dioxide pigment.

Fuel grade coke, a type of petroleum coke, is majorly used in cement kilns and power industry. Calcined coke is also used in paints and colorings, steel, paper, bricks, glass and fertilizer industries.

In the year 2013, Asia Pacific dominated the global petroleum coke market in terms of volume, due to high demand in emerging economies such as India and China. In India, most of the petroleum coke is used in the cement industry. A large percentage of petroleum coke is used to generate electricity in power plants in China. Asia Pacific is expected to be a booming market for petroleum coke due to rapid industrialization led by increasing investments and growing population.

 

BP Plc, Chevron Corporation, Essar Oil Corporation, ExxonMobil Corporation, HPCL – Mittal Energy Limited, Indian oil Corporation, Reliance Industries Limited, Royal Dutch Shell Plc, Saudi Arabian Oil Company and Valero Energy Corporation are expected to dominate the market for petcoke technology in the near future.

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Coal preparation plant market – 2015/2016 advanced research review & forecast 2023

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Operational efficiency of a coal preparation plant plays a vital role in the profitability of mining operations. Coal preparation is a series of operations that are interconnected through a material handling system. The material handling system is a part of the slurry transport system. Actual cleaning processes lies in the heart of the coal preparation processes.

Coal preparation begins with procurement of raw coal and producing a final product that can be sold into the market by removing the impurities. Most commonly coal preparation, is carried out in water based processes and makes high use of slurry transport procedures and principles. It is considered as processing of raw coal to produce products that are marketable and do not hamper the physical and chemical properties of the coal. It is a heterogeneous material which is made up of different types of coal and varies with quantity of mineral matter. After mining, it generally contains all the layers of coal and impurities that are found in the seam. In a preparation plant, crushing and removing of all the impurities takes place in order to transport coal as a marketable product.

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Four basic types of operations are used in cleaning of coal such as comminution, concentration, dewatering and sizing. Comminution is carried out to reduce the coal into smaller size. Depending on the various sizes involved, the coal is crushed and broken. Breaking is generally carried out on the largest coal size, crushing is used for mid ranges sizes and grinding is carried out for finest sizes. Grinding is done prior to utilization process. Coal preparation facilities have different size ranges for similar types of coals. Sizing is carried to separate the coal into various products characterized according to the size. Concentration is used for separating the coal into numerous products that are characterized by some type of physical differences. It is the heart of coal preparation process, where actual cleaning takes place and impurities are then separated from coal. They are generally accomplished in dense medium vessels, jigs and water only cyclones. It can also be accomplished for other type of unit operations such as sulfur removal by crushing process to liberate the sulfur particles. Further, screening or classifying is carried out to achieve separation.

Dewatering takes place to remove the moisture that clings to the coal. A finer type of coal has large surface area and high moisture content. Dewatering is generally carried out by mechanical methods, and is conducted for generating a damp type cake. If further dewatering is required then dryers are used for evaporation. Thermal dryers generate large amount of dust that is easily scrubbed off from air and is then generally disposed. A common type of byproduct for dewatering is removal of super fine type coal, in which high content of ash is found along with traces of sulfur and surface moisture. This process is also known as desliming.

Coal preparation processes takes place in to types: firstly, those takes place in water medium and secondly, those takes place in a mixture of water and high gravity material such as magnetite.

Stringent government rules and regulation and environmental norms are some of the key drivers of the coal preparation plant market. However, high storage and transportation costs can hamper the growth of the market. Advancements in technology bring new opportunities for the coal preparation plant market.

Some of the key companies in the business of coal preparation plant market are Mongolian Mining Corporation, Zenith Mining and Construction Machinery Co. Ltd., SGS Group management S.A., Green Fields Coal Company and Roberts & Schaefer Company among others.

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SWOT analysis of global refrigeration oil consumption 2016 industry report: Global QY Research

The recently published report titled Global Refrigeration Oil Consumption Industry 2016 Market Research Reportis an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Refrigeration Oil Consumption market considering all the major industry trends, market dynamics and competitive scenario.

The Global Refrigeration Oil Consumption Industry Report 2016 is an in depth study analyzing the current state of the Global Refrigeration Oil Consumption market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Refrigeration Oil Consumption market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Refrigeration Oil Consumption market also discusses the opportunity areas for investors.

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With 153 tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Automotive fuel cell market (Fuel Cell Vehicle market) size to exceed 14,765 units by 2023: Global Market Insights Inc.

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Automotive fuel cell market size is likely to reach 14,765 units by 2023; according to the latest industry research report by Global Market Insights, Inc. Increasing fuel cell vehicle (FCV) market size across the globe owing to rising consciousness regarding effects of pollution caused is likely to drive growth. In addition, low operating cost associated is also likely to propel the automotive fuel cell market share.

Fuel cells offer minimum operating cost and low maintenance as there are very less moving parts involved in the system. Hydrogen fuel is now greatly used in various applications such as buses, back-up power, small fleets of cars, forklifts, and will most likely spread its significance to laptops and cell phones. Lack of durability, high cost and reliability coupled with inconvenience is anticipated to hamper industry growth.

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Light duty vehicles led automotive fuel cell market share and accounted for over 50% of the consumption in 2015. These vehicles are likely to witness significant gains, owing to their declining cost and rapid technology advancements & innovations. Material handling vehicles are anticipated to witness significant growth, at CAGR of 14.5% from 2016 to 2023. Rising adoption in several application sectors such as inventory management, airport operations and distribution centers should boost demand over the forecast period.

Browse Automotive Fuel Cell Market Size By Application (Light Duty Vehicles, Buses, Materials Handling Vehicles) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, South Korea), Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 – 2023 report at:https://www.gminsights.com/industry-analysis/automotive-fuel-cell-market
Key insights from the report include:

  • Rising consciousness regarding effects of pollution caused by traditionally fueled vehicles is anticipated to remain the key driver for the automotive fuel cell market. High pricing as compared to other zero emission vehicles plays a considerable role in the buying decision.
  • Surging R&D in the fuel cell vehicles market is likely to create high employment as well as business opportunities to industry participants. High benefits offered by these vehicles are likely to boost the implementation and application in the public transit systems.

 

  • Lack of infrastructure for producing, storing and delivering hydrogen paired with cost associated with replacing the existing the current oil-based infrastructure may challenge the industry.

 

  • Asia Pacific automotive fuel cell market share dominated global demand and accounted for over 60% of the total volume in 2015; it is likely to grow steadily over the forecast period. Favorable government regulations promoting fuel cell usage is likely to drive regional demand.

 

  • Key industry players capturing significant industry share are Acumentrics SOFC Corporation, Altergy Systems, Automotive Fuel Cell Corp, Ballard Power Systems, and Fuel Cell Energy Solutions GmbH.

 

 

Browse Full Press Release: https://www.gminsights.com/pressrelease/automotive-fuel-cell-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Transportation fuel industry – biobased fuel: Next market leader

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The global transportation fuel market is deriving much of is growth from the rising interest of consumers in personal vehicles. Increasing disposable income in emerging economies has enabled consumers to buy and maintain personal vehicles, resulting in the soaring demand for transportation fuel. In 2013, global consumption of transportation fuel stood at 2,332.57 MTOE. Propelled by increasing trade activities and passenger movements, the market is expected to rise at a CAGR of 1.62% from 2014 to 2022 and reach an estimated consumption volume of 2,698.36 MTOE by the end of the term.

Gasoline: Declining Demand Results in Shrinking Market Share

Gasoline, aviation turbo fuel (ATF), diesel, and other types of transportation fuels are the major product segments of the global transportation fuel market. These fuels are derived by crude oil distillation and fulfil over 90% of the global demand for transportation fuel.

The market for gasoline acquired the leading position in the market, holding around 40% of the overall transportation fuel market in 2013. However, the demand for gasoline is projected to decline in the coming years. Taking the adverse environmental effects of gasoline into account, various governments have mandated ethanol to be mixed with gasoline, which has further reduced the consumption of gasoline across the world. The market for diesel captured the second position among all the transportation fuel product market in 2013.

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Biobased Fuel: Next Market Leader

Apart from this, increasing usage of crude-oil-based fuel in automobiles has triggered an increase in the emission of greenhouse gases (GHG), compelling the governments of several nations to impose stringent regulations limiting the utilization of crude-oil-based fuel and promoting a shift toward biobased fuel, its eco-friendly alternative.

With government support, the overall production of biobased fuel is expected to increase significantly in the near future. The demand for bio-based fuel is expected to rise over the next few years on account of the increasing demand from the transportation industry, with natural gas-based vehicles being the latest trend.

Asia Pacific Poised to Lead Global Market

North America, Asia Pacific, Europe, and the Rest of the World are the major regional markets for transportation fuel. In terms of revenue, the North America market for transportation fuel topped the regional markets, contributing a 30% share of the overall industry in 2013. The regional market also reported the highest production volume the same year. However, the transportation fuel market in Asia Pacific is estimated to lead the global market by 2022, owing to the rising population, rapid development, and growing industrialization in the region.

Global Transportation Fuel Market: Major Participants

The global transportation fuel market is a highly concentrated industry. Entry into this global market is pretty difficult owing to the presence of integrated organizations across the entire industry value chain. High initial investment also creates a barrier for firms willing to enter this industry.

BP Plc, Essar Oil Ltd., Chevron Corp., ExxonMobil Corp., Petrobras, PetroChina Co. Ltd., Phillips 66, Saudi Arabian Oil Co., Royal Dutch Shell Plc, Sinopec Ltd., Valero Energy Corp., and Total S.A. are the major enterprises operating in the transportation fuel market across the world.

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U.S. on-site Hydrogen generator market revenue to reach US$154 mn by 2023

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An on-site hydrogen generator is a unit installed directly at a consumer site to produce hydrogen. Technology pertaining to on-site hydrogen generator varies with the choice of feedstock. On-site hydrogen generators utilize platinum catalyst and proton exchange membrane (PEM) technology to fragment deionized water into its constituent parts. The hydrogen is generated at 13.8 bar/200 psi pressure without a compressor and with a purity of 99.9995% constantly and without operator intervention. On-site hydrogen generators provide reliable and low-cost hydrogen and increase security and safety by eliminating cylinder handling, hydrogen storage, and routine hydrogen delivery.

Steam reforming, cracking, gasification, and electrolysis are some of the major technologies used to produce hydrogen. Additionally, steam reforming is one of the most dominant technology employed in large-scale hydrogen production using natural gas, naphtha, kerosene, or LPG as a feedstock. On-site hydrogen generators are used majorly in the metal, chemical, float glass, and electronics industries and in hydrogen filling stations and industrial gas companies. Due to cost-effectiveness of these generation units, customers prefer purchasing on-site hydrogen generator over purchasing hydrogen.

The U.S. Department of Energy (DOE) considers steam reforming technology as a short-term solution to meet the demand for hydrogen, due to its incapability to significantly reduce greenhouse gas emissions. The DOE is focusing on other technologies, such as proton exchange membrane (PEM) and alkaline electrolysis, as well. Electrolysis and hydrogen deliveries are considered to be the major competition for steam reforming technology. Hydrogen consumers, located at remote areas, facing the primary issues of hydrogen purity and delivery are opting for on-site hydrogen generators.

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Absence of delivery issues, such as late delivery of hydrogen and delivery costs, is among the factors, which are attracting consumers and affecting the on-site hydrogen generator market positively. On-site hydrogen generators enable consumers to produce the gas locally with low environmental footprint. These generators can be designed as per the customer needs and can also be operated and monitored remotely; this factor boosts the demand for on-site hydrogen generators. Underdeveloped hydrogen production and supply infrastructure provide on-site hydrogen generator an edge in the market. This factors are expected to dominate the hydrogen production market in the next few years.

The U.S. on-site hydrogen generator market has been segmented on the basis of category and flow rate. In terms of category, non-alkaline category segment held about 67% share of the U.S. on-site hydrogen generator market in 2014. Due to low energy consumption and low installation and operation costs, non-alkaline on-site hydrogen generators are considered as a preferable option for large-scale on-site hydrogen production over alkaline on-site hydrogen generators.

In 2014, the 100-2,000Nm3/h flow rate segment accounted for nearly 44% of the overall market share in the U.S. Additionally, flow rate segments lesser than 100Nm3/h and greater than 2,000Nm3/h occupied the market share of nearly 32% and 24%, respectively, in the same year. Considering the fact that the on-site hydrogen generators ranging 100-2,000Nm3/h are used mostly in all types of industrial applications, demand for these generators is anticipated to dominate the on-site hydrogen generator market during the forecast period.

On-site hydrogen production through steam reforming technology, which employs natural gas as a feedstock is the most cost-effective method for delivering hydrogen to consumers. Requirement of increased productivity of hydrogen and demand for higher quality hydrogen generators are some of the factors that are driving the on-site hydrogen generator market. Furthermore, these factors are expected to boost the preference for on-site generation over hydrogen cylinders or hydrogen plants. Key players in the on-site hydrogen generator market include Air Liquide, Air Products and Chemicals, Inc., Praxair Technology, Inc., Proton OnSite, Inc., Hy9 Corporation, Hydrogenics, Nuvera Fuel Cells, Inc., and Linde AG.

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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Global Barite market deriving growth from extensive usage of Barium compounds in oil and gas industry

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Barite, a colorless mineral, is the prime source of barium. The global barite market derives much of its growth from the rising usage of barium as barium aluminum alloy and barium sulfate in various global industries such as chemicals, oil and gas, medical, electronics, rubber, automotive, and paint. In 2014, the global barite market stood at US$1.11 billion. Analysts expect this global market to expand at a CAGR of 5.8% during the period from 2015 to 2023 and reach a value of US$1.84 billion by 2023.The increasing usage of barite as a white pigment in the paint, paper, and textile industries is stimulating the growth of the global barite market to a significant extent. Additionally, rising industrial use of several barium compounds such as barium hydroxide, utilized for sugar refining, is expected to boost the global market for barite.

On the other hand, the ample availability of alternatives is presenting a serious challenge for the market, which otherwise is showing healthy growth prospects. However, the nuclear industry is expected to be responsible for growing demand for barite in the near future, owing to its ability to absorb gamma radiation. Barite can also be added to concrete mass in the construction of an atomic reactor, which again creates a promising opportunity for barite suppliers.

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Oil and Gas Industry: Biggest End User of Barite

Barite finds large-scale application in the chemical as well as oil and gas industries. Other than these, barite is also applied in radiation shielding and fillers. In 2014, the oil and gas industry emerged as the biggest end user of barite, consuming almost 80% of the total barite produced that year. Analysts anticipate this segment to report the fastest growth in the near future. The chemical industry occupied the second position in the overall barite market based on end users in 2014. However, the growth rate of this segment in the near future is expected to be moderate. Other end-use industries such as electronics, medical and healthcare, and rubber are likely to experience sluggish growth in the years to come.

North America: Leading Regional Barite Market

The global barite market is spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2014, the market for barite in North America occupied more than 40% of the market in terms of volume and positioned itself at the first place among all the regional markets. It was followed by the barite markets in Asia Pacific and Europe. The demand for barite in Latin America and the Middle East and Africa is expected to grow at a moderate pace in the coming years owing to the rising usage of barite in drilling fluid applications in the oil and gas industry in these regions.

Global Barite Market: Competitive Landscape

The top three participants collectively held 35% of the overall barite market in 2014. However, the market is considered to be moderately fragmented in nature. Excalibar Minerals LLC, P&S Barite Mining Co. Ltd., Mil-Spec Industries Corp., Anglo Pacific Minerals, China Shen Zhou Mining and Resources Inc., CIMBAR Performance Minerals, The Andhra Pradesh Mineral Development Corp. Ltd., International Earth Products LLC, Milwhite Inc., Ashapura Group of Industries, and Oren Hydrocarbons Private Ltd. are the main players in the global barite market.

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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Gas sensors market size to reach $2.89 billion by 2022: Global Market Insights Inc.

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Gas sensors market size was valued at USD 1.9 billion in 2014 and is forecast to reach USD 2.89 billion by 2022, as per a new research report by Global Market Insights, Inc. Proliferating demand for smart sensors along with increasing need in end-use industries such as automotive is anticipated to fuel demand over the forecast period.

CO2 gas sensors market size accounted for over 25% of the overall share in 2014, and is expected to grow faster than the global average over the forecast period. This can be mainly attributed to rising need from the bulk food storage sector. NOx sensor industry is expected to be valued at over USD 250 million by 2022.

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Wireless sensors aid in detecting gas concentration and also broadcast a proportional signal. As these devices could be employed in hard-to-reach as well as remote areas, the demand for these systems is likely to remain consistent over the forthcoming years. Several other benefits include cost effectiveness coupled with easy installation. In addition, they have the facility to generate a network of sensors and could be incorporated into convenient electronic devices, namely tablets and smartphones. It enhances the overall performance in harsh peripheral environment.

Browse Gas Sensors Market Size By Technology (Electrochemical, Semiconductor, PID, Solid State, Catalytic, Infrared), By Product (Oxygen, Carbon Dioxide, NOx, Carbon Monoxide), By End-Use (Medical, Environmental, Petrochemical, Building Automation & Domestic Appliances, Automotive, Industrial), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022 report at:https://www.gminsights.com/industry-analysis/gas-sensors-market-size

Key report insights suggest:

  • Global demand in industrial sector contributed to over 19% of the overall revenue generation in 2014. Government regulations pertaining to ensure healthy and safety environment of employees is likely to fuel the demand growth over the forecast period. Need to monitor cabin air quality as well as the presence of vehicle emission control regulations are expected to be favorable for automotive gas sensors market size.

 

  • Electrochemical gas sensors market was valued at USD 350 million in 2014; these products are mainly deployed to detect numerous gases and are also cost effective. Infrared technology supports measurement of volatile organic compounds (VOC) such as acetylene, benzene, butane, etc. along with other gases; however, it is not as cost-effective as its counterparts.
  • Europe gas sensors market share accounted for over 27% of the overall revenue in 2014 and is expected to dominate the demand. Asia Pacific is likely to be the fastest growing region, primarily attributed due to technology innovation.

 

  • Chief manufacturers include Alphasense, Membrapor, Dynament, Figaro Engineering, and City Technology among others. In addition to new product development, companies operating in the industry have adopted long-term agreements, as well as mergers and acquisitions as key growth strategies.

Global Market Insights has segmented the gas sensors industry on the basis of technology, product, end-use and region:

Gas Sensors Technology Analysis (Revenue, USD Million, 2012 – 2022)

  • Electrochemical
  • Semiconductor
  • Solid State
  • PID
  • Catalytic
  • Infrared

Gas Sensors Product Analysis (Revenue, USD Million, 2012 – 2022)

  • Oxygen
  • Carbon Dioxide
  • Carbon Monoxide
  • NOx

Gas Sensors End-Use Analysis (Revenue, USD Million, 2012 – 2022)

  • Medical
  • Building Automation & Domestic Appliances
  • Environmental
  • Petrochemical
  • Automotive
  • Industrial

Gas Sensors Regional Analysis (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Browse Full Press Release: https://www.gminsights.com/pressrelease/gas-sensors-market-report

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free:  1 888-689-0688

Email: sales@gminsights.com

Web:https://www.gminsights.com

Global oilfield process chemicals industry 2016 consumption report: Global QY Research

The recently published report titled Global Oilfield Process Chemicals Industry 2016 Market Research Reportis an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Oilfield Process Chemicals market considering all the major industry trends, market dynamics and competitive scenario.

The Global Oilfield Process Chemicals Industry Report 2016 is an in depth study analyzing the current state of the Global Oilfield Process Chemicals market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Oilfield Process Chemicals market provides analysis of China market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in China market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Oilfield Process Chemicals market also discusses the opportunity areas for investors.

View Report at http://globalqyresearch.com/global-oilfield-process-chemicals-industry-2016

With153 tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Reasons to Buy this Report

The research report will enrich your decision-making capability by helping you to –
Design and improve your product development and sales strategies and enhancing your marketing activities
Develop business strategies by understanding the market dynamics and developments driving the Global Oilfield Process Chemicals market
Develop market-entry strategies and effective ways to sustain competition
Create merger and acquisition opportunities by identifying the market players with the most innovative pipelines
Identify the regional market potential which would further help in designing regional market strategies
Understand the competitive scenario in the Global Oilfield Process Chemicals market
Take more informed business decisions by relying on the insightful opinions from industry experts

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Borealis sees a strong start to 2016 with net profit of EUR 255 million

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  • Borealis announces a net profit of EUR 255 million in the first quarter of 2016 compared to EUR 137 million in the first quarter of 2015
  • Successful financial close of the new combined heat and power plant in Porvoo, Finland with a total investment value of about EUR 400 million
  • EUR 80 million investment planned for melamine and fertilizer production facilities in Linz, Austria
Key figures and ratios Q1 2016 Q1 2015 Q4 2015 FY 2015
Net Sales EUR million 1,871 1,988 1,803 7,700
Total Sales* EUR million 2,193 2,267 2,146 9,026
Net Profit EUR million 255 137 242 988
Reduction / (increase) in net interest-bearing debt EUR million (125) 132 223 702
Gearing % 22% 34% 19%

 

Borealis, a leading provider of innovative solutions in the fields of polyolefins and base chemicals, announces a net profit of EUR 255 million for the first quarter of 2016, compared to EUR 137 million in the same quarter of 2015. The improved result was driven by the very strong margins in the polyolefins business. The base chemicals business also saw an improved performance compared to the first quarter of 2015, while the contribution from Borouge was lower due to limited feedstock availability.

In the first quarter, net debt increased by EUR 125 million largely due to the payment of a EUR 425 million dividend to Borealis’ shareholders. Despite the increase in net debt, Borealis’ financial position remains strong with a gearing of 22% at the end of the first quarter of 2016.

Borouge

Following the start-up of the Borouge 3 project in 2015, making Borouge the world’s largest integrated polyolefins complex, Borouge has now embarked on an optimisation programme across all sites.

With the start-up of Borouge 3, the company has seen its production capacity more than double to 4.5 million tonnes.The next step of this project will be the overall optimisation of the entire Borouge complex, including production, supply chain and sales.

The only remaining Borouge 3 unit to be started up in the second quarter of 2016 is the cross-linked polyethylene (XLPE) plant to bring the combined Borealis and Borouge annual polyolefins production capacity to 8 million tonnes.

Investing in the future

In March, Borealis, Neste and Veolia announced the successful financial close of project to build a new combined heat and power plant in Porvoo, Finland, to match the energy needs of Neste and Borealis, and to be operated by Veolia. Neste and Veolia both own 40% of the power plant, Borealis owns 20%. The total investment value of this project is about EUR 400 million.

Borealis also announced a new round of investments in its melamine and fertilizer production facilities in Linz, Austria. The heart of the so-called “Linz 2020″ programme is a EUR 80 million investment package to boost the overall long-term competitiveness of the Linz location.

Beyond the first quarter of 2016

The long-term ethane supply project of Borealis’ location in Stenungsund, Sweden, with ethane from the United States has reached a new milestone: on 3 May 2016, Navigator Gas and Borealis celebrated the naming ceremony of the vessel ‘Navigator Aurora’, the new 35,000 cubic metre state-of-the-art ethane vessel, in Shanghai, China. This vessel is among the most modern in the world and will ensure cost effective, safe and reliable transport of ethane to Borealis’ location in Stenungsund, Sweden. In the meantime, the currently ongoing, multi-million investment in the cracker upgrade and the construction of an ethane storage tank in Borealis’ location in Stenungsund is proceeding according to plan. The commissioning of a new unloading and storage facility will begin in the fourth quarter of 2016.

Outlook

“Borealis continues to benefit from its strategy of growing the three profit centres of polyolefins, base chemicals and Borouge,” comments Mark Garrett, Borealis Chief Executive. “The polyolefins business had an outstanding contribution in the first quarter supported by the strong polyolefins industry margin, resulting in significantly improved overall results for Borealis compared to the first quarter of 2015. The Borouge result in the first quarter was impacted by limited availability of feedstock, but the market conditions in Borouge’s core region remain strong.

In the second quarter, Borealis expects yet again a solid result, albeit lower than the record second quarter of 2015. Both Borouge and the base chemicals business should see an improved profit contribution in the second quarter compared to the first, while we expect the polyolefins business to continue to perform well.”

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, the company currently has around 6,500 employees and operates in over 120 countries. Borealis generated EUR 7.7 billion in sales revenue and a net profit of EUR 988 million in 2015. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, with the remaining 36% belonging to Austria-based OMV, an integrated, international oil and gas company. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).

Building on its proprietary Borstar® and Borlink™ technologies and more than 50 years of experience in polyolefins, Borealis and Borouge support key industries with a wide range of applications in the areas of energy, automotive, pipes, consumer products, healthcare, and advanced packaging.

The Borouge 3 plant expansion will make Borouge the world’s largest integrated polyolefins complex. Once fully ramped up in 2016, the additional 2.5 million tonnes of polyolefins capacity will yield a total Borouge capacity of 4.5 million tonnes, and a combined Borealis and Borouge capacity of 8 million tonnes.

Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Borealis also creates real value for the agricultural industry, selling approximately 5 million tonnes of fertilizers. Technical nitrogen and melamine products complement the portfolio with applications ranging from mono-nitrogen oxide (NOx) abatement to glues and laminates in the wood working industry.

Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and work to solve the world’s water and sanitation challenges through product innovation and their Water for the World™ programme.

For more information, please visit : http://www.borealisgroup.com

Click here to view the Borealis profile

State-of-the-art vessel Navigator Aurora to deliver ethane to Borealis in Stenungsund, Sweden

Navigator Aurora

 

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has signed a contract with Navigator Gas for the long-term time charter of the vessel Navigator Aurora. The naming ceremony took place at the Jiangnan Shipyard in Shanghai, China, on 3 May 2016. The vessel was christened by Irene Giner-Reichl, Austrian Ambassador to the People’s Republic of China.

New vessel will ensure long-term, reliable ethane supply to Borealis production facilities in Sweden

After its commissioning in the fourth quarter of 2016, the new vessel will be the world’s largest ethane carrier. The agreement plays a crucial role in ensuring the cost effective, safe and reliable transport of ethane to Borealis production facilities in Stenungsund, Sweden.

Borealis has entered into this long-term time charter agreement with Navigator Gas, owner of the Navigator Aurora and operator of the world’s largest fleet of handysize liquefied gas carriers. With a length of 180 m, the newly-built Navigator Aurora has a total cargo tank size of 35,000 cubic metres (cbm) and can hold ethane loads of up to 20,000 tonnes, making it the biggest ethane-capable vessel serving the global market.

Commercial operations are scheduled to begin in the fourth quarter of 2016. The vessel will sail between the Marcus Hook refinery in Pennsylvania, US, and Stenungsund. As a dual-fuel vessel, it can run on both diesel fuel and liquefied natural gas (LNG), meaning it can meet increasingly stringent environmental regulations and take advantage of the current low prices of natural gas.

“This state-of-the-art vessel is key to our efforts to secure a safe, cost-efficient and reliable supply of ethane for Borealis operations over the long term,” states Markku Korvenranta, Borealis Executive Vice President Base Chemicals. “We are pleased to have gained such an experienced partner with Navigator Gas. This project and the related investments underline our commitment to further strengthen our monomer position in Europe.”

In the meantime, the currently ongoing, multi-million investment in the cracker upgrade and the construction of an ethane storage tank in Borealis’ location in Stenungsund is proceeding according to plan. The commissioning of a new unloading and storage facility will begin in the fourth quarter of 2016.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, the company currently has around 6,500 employees and operates in over 120 countries. Borealis generated EUR 7.7 billion in sales revenue and a net profit of EUR 988 million in 2015. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% belonging to OMV, an international, integrated oil and gas company based in Vienna. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).

Building on its proprietary Borstar® and Borlink™ technologies and more than 50 years of experience in polyolefins, Borealis and Borouge support key industries with a wide range of applications in the areas of energy, automotive, pipes, consumer products, healthcare, and advanced packaging.

The Borouge 3 plant expansion will make Borouge the world’s largest integrated polyolefins complex. Once fully ramped up in 2016, the additional 2.5 million tonnes of polyolefins capacity will yield a total Borouge capacity of 4.5 million tonnes, and a combined Borealis and Borouge capacity of 8 million tonnes.

Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Borealis also creates real value for the agricultural industry, selling approximately 5 million tonnes of fertilizers. Technical nitrogen and melamine products complement the portfolio with applications ranging from mono-nitrogen oxide (NOx) abatement to glues and laminates in the wood working industry.

Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and work to solve the world’s water and sanitation challenges through product innovation and their Water for the World™ programme.

For more information, please visit : http://www.borealisgroup.com

Click here to view the Borealis profile

Severe environmental repercussions of oil spills to put oil spill management market on growth track

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An oil spill refers to the release of oils into the environment, particularly in marine areas. Oil spills are typically caused due to human negligence and are considered as a form of pollution. Leakages in oil and gas pipelines are a major concern for key pipeline operators because of the hefty fines and liabilities associated with oil spills. The use of advanced technology to prevent, manage, and clean oil spillage and further minimize its effect on the environment is thus required. This has boosted the emergence of the oil spill management (OSM) market. By type, the global market for oil spill management has been segmented into onshore and offshore.

According to a research study by Transparency Market Research, in 2013, the global market for oil spill management was worth US$94.2 bn and is projected to reach a valuation of US$114.4 bn by the end of 2020. The market is anticipated to register a 2.80% CAGR between 2014 and 2020.

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How Have Oil Spills Risen Over the Years and What Does this Mean for the OSM Market?

The refined fuel and crude oil spills from tanker ships accidents have damaged the ecosystems in several parts of the world. Oil spills at sea are comparatively more damaging than those occurring on the land, as they can spread over hundreds of nautical miles and can cover several beaches with a thin coating of oil. The presence of oil in the sea can kill mammals, shellfish, seabirds, and other organisms they coat.

Some of the most alarming oil spills recorded in the last few decades are:

  • Gulf War Oil Spill (240 mn gallons) in 1991
  • Deepwater Horizon (206 mn gallons) in 2010
  • Ixtoc (140 mn gallons) in 1979
  • Atlantic Empress/Aegean Captain (90 mn gallons) in 1979
  • Fergana Valley (88 mn gallons) in 1992

An increasing number of oil spills in the last few decades has boosted the demand for the contingent planning of the oil spill management market.

Asia Pacific to Lead Global Oil Spill Management Market

From the geographical standpoint, in 2013, North America accounted for the largest share in the global oil spill management market. Nevertheless, the Asia Pacific market for oil spill management is anticipated to grow at a fast pace in the next few years. The rapid growth of this region can be attributed to the increasing demand for doubled-hulled ships by several big shipping companies in South Korea, Japan, and China. In addition, the increased government funding and easy availability of trained labor are expected to fuel the growth of the global oil spill management market in this region.

Moreover, several South East Asian nations including Thailand, Indonesia, Vietnam, Malaysia, and the Philippines are also anticipated to grow at a fast pace in the domestic shipbuilding and repair segments.

The prominent players operating in the global market for oil spill management include SkimOil, Inc., Control Flow Inc., CURA Emergency Services, Cameron International Corporation, Ecolab Inc., GE Oil & Gas, Hyundai Heavy Industries Co., Ltd., COSCO Shipyard Group Co., Ltd., Northern Tanker Company Oy, National Oilwell Varco, and Fender & Spill Response Services L.L.C.

Research Report:http://www.transparencymarketresearch.com/oil-spill-management.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Natural gas market to benefit from rising demand in emerging economies, evolving industry trends and insights 2020

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Natural gas is considered indispensable owing to its diverse commercial and industrial uses. Most commonly, it is used as cooking fuel across households in the U.S. and other developed countries in the world. Industrially, natural gas provides the base ingredients for products as varied as plastics, fertilizers, fabrics, and anti-freeze substances.

To obtain and supply natural gas, companies engaged in the business first extract hydrocarbons predominantly comprising methane mixtures from deep wells in the earth’s surface. Natural gas is then processed and refined into pure methane and subsequently transported through pipelines as quality gas to be distributed across commercial establishments, industries, and the household sector.

Due to its multiple applications, marketing natural gas has always been a crucial segment in the overall energy industry. The marketing process is coordinated at various levels from extracting natural gas until it reaches the end users. Hence, the role performed by marketers is dynamic and cannot be confined to a single aspect in the entire natural gas chain. Marketers of natural gas can be local utility players or affiliates of production companies. Marketing natural gas therefore comprises several intermediate steps such as accounting, storage, arrangement, transportation, and, finally, the sale of natural gas.

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The prices at which natural gas is made available are never constant. Prices are decided through the prevailing market forces of demand and supply. The report identifies two separate markets for nature gas, vis-à-vis, the future market and the spot market. Of these, the spot market is a setting where natural gas is bought and sold in a daily basis. The future market, on the other hand, encompasses trading contracts of at least a month that may extend to 36 months.

The report presents a holistic overview of the success reported by the sale of natural gas in both the aforementioned settings. The winning strategies adopted the leading players are evaluated. An investment feasibility analysis is also included to help new entrants identify the most lucrative opportunities in the market.

Apart from exhibiting impressive growth in the U.S., the market also sees lucrative opportunities in emerging economies, particularly those located in Asia Pacific. To study the prevailing competitive landscape in the market, the profiles of companies such as Gas South, LLC., Piedmont Natural Gas, Oklahoma Natural Gas, CenterPoint Energy, Atmos Energy Corporation, Georgia Natural Gas, and GAIL (India) Ltd. are also included in the report.

Transparency Market Research’s analysis on the natural gas market provides insights into the strategies adopted for successfully marketing natural gas around the world. It is titled, “Natural Gas Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020.”

The report presents a comprehensive overview of the natural gas market and studies in detail the various factors influencing its growth. The policies observed for ethical trading of natural gas are evaluated to see if they are still compatible with the changing economic scenario.

Research Report: http://www.transparencymarketresearch.com/gas-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

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Shale gas market to display 7.9% CAGR by 2019, availability of untapped reserves propels market

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Shale gas refers to natural gas confined inside shale crevices. Shale is a sedimentary rock that is composed of calcite and quartz while oil shale holds kerogen, from which shale oil can be derived. Since the start of the 20th century, shale gas has emerged as a vital source of natural gas in the U.S. and the country is exhibiting an interest in shale gas reserves in other parts of the world.

The report states the various reasons for the expeditious growth of the shale gas market over the past few years. First and foremost, increasing foreign investments for the exploration of shale gas reserves and regulatory support for shale gas exploration undertakings are supporting the growth of this market. Shale gas extracted by means of horizontal drilling and hydraulic fracturing finds application in several industries such as power generation and industrial, residential, and commercial transportation.

According to a recent market study published by Transparency Market Research, the global shale gas market will rise at a CAGR of 7.9% from 2013 to 2019. The report projects shale gas production to rise from 10,138.2 bcf (billion cubic feet) in 2012 to 17,201.6 bcf by 2019. The complete analysis of the market’s progression is explained in the report, titled “Global Shale Gas Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2019.”

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Shale gas is extensively used in industrial applications and power generation. In 2012, industrial applications held a share of more than 30% in the global market; the application segment is expected to hold a share close to 33-35% by 2019 in the overall market. Power generation also accounts for a major share in the overall shale gas market. However, the segment is expected to display diminished growth until the end of the forecast period. The residential application segment will exhibit an increased market share by 2019 as the use of environmentally sustainable energy sources is on the rise. The commercial sector is also expected to display an increased share in the global shale gas market by 2019. Due to soaring crude oil prices, the use of CNG in transportation is steadily rising, thereby bolstering the growth of the shale gas market.

Region-wise, the report segments the global shale gas market into North America and Asia Pacific. In 2012, North America stood as the only shale gas producing region; the U.S. and Canada were the only two countries that catered to the demand for commercial shale gas production until recently. Many of the shale gas reserves in other parts of the world have been unutilized, holding tremendous potential to meet the energy demand in the coming years. According to the U.S. Energy Information Administration (EIA), a total of 7,299.0 tcf (trillion cubic feet) of recoverable shale gas is available in reserves around the world.

China is expected to emerge as one of the rapidly expanding markets for shale gas. On the other hand, the shale gas market in Europe will display slow growth until 2019 due to public opposition and environmental issues.

The global shale gas market is segmented as follows:

Shale Gas Market: Technology Analysis

  • Horizontal Drilling
  • Hydraulic Fracturing
  • Water Usage Issue

Shale Gas Market: Application Analysis

  • Industrial
  • Power Generation
  • Commercial
  • Residential
  • Transportation

Shale Gas Market: Regional Analysis

  • North America
  • U.S.
  • Canada
  • Asia Pacific
  • China

Research Report:http://www.transparencymarketresearch.com/shale-gas.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Automotive air filters market size worth 7.2 billion by 2022

Automotive air filters market size is anticipated to be valued at USD 7.2 billion by 2022, as per a new research report by Global Market Insights, Inc. Increasing passenger car demand coupled with growth in two wheeler sales majorly in BRICs nations is likely to drive market. Post downturn recovery has witnessed growth in automobiles sales thereby factor likely to positively influence air filters market demand.

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Increasing health awareness by regulatory agencies such as EPA and CCC, make sure consumers comply with proper filtration and ventilation systems in vehicles thereby influencing demand. Fluctuating prices of raw material such as PP nonwoven fabrics, fiberglass, ceramic and papers are likely to challenge overall profitability.

Cabin filters were largest consuming products and accounted for over 50% of automotive air filters market share in 2014. Timely replacement of air filters owing to increasing pollution and restricting pollutants entering vehicle cabin is likely to drive demand. Intake air filters are likely to witness significant gains with an estimated CAGR of 7.5% from 2015 to 2022.
Key report insights suggest:

  • Global automotive air filters market size was estimated USD 3.87 billion in 2014 and may register USD 7.2 billion by 2022,  growing with an estimated CAGR of 8.1% from 2015 to 2022.
  • Passenger car applications dominated consumption and accounted for 51.7% of the automotive air filters market share in 2014. Increase in spending capacity and growth in tourist vehicle segment is likely to drive the demand. Two wheeler applications are likely to witness highest gains at an estimated CAGR of 8.6% from 2015 to 2022.
  • Automotive aftermarket dominated the end-use segment accounting for 71.9% of the revenue share in 2014. OEM end-use segment is likely to grow at an estimated CAGR of 7.2% owing to presence of unorganised automotive air filters market in countries such as China and India.
  • The market is highly fragmented with top six companies catering to below 50% of global market. Mergers and acquisition are observed in this industry to increase the regional presence. Major companies operating include Mann+Hummel, Ahlstrom Corporation, and Lydall Inc., Denso Corporation and Cummins Inc.

 

Browse Automotive Air Filters Market Size By Application (Light & Heavy Commercial Vehicles, & Two Wheelers, Passenger Cars), By Product (Cabin, Intake), By End-Use (Aftermarket, OEM), Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2015 – 2022 report at:https://www.gminsights.com/industry-analysis/automotive-air-filters-market

 

For this report, Global Market Insights has segmented the automotive air filters market on the basis of product, application, end-use and region:

Global Automotive Air Filters Market Product Analysis (Revenue, USD Million, 2012 – 2022)

  • Intake
  • Cabin

 

Global Automotive Air Filters Market Application Analysis (Revenue, USD Million, 2012 – 2022)

  • Passenger Cars
  • Light & Heavy Commercial Vehicles
  • Two Wheelers

 

Global Automotive Air Filters Market End-Use Analysis (Revenue, USD Million, 2012 – 20220)

  • OEM
  • Aftermarket

 

Global Automotive Air Filters Market Regional Analysis (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Browse Full Press Release: https://www.gminsights.com/pressrelease/automotive-air-filters-market-report

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

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Email: sales@gminsights.com

Web:https://www.gminsights.com

 

 

Offshore lubricants market to exhibit 7.07% CAGR by 2020, rising exploration of deepwater oil reserves propels industry growth

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Lubricants are used to ensure proper functioning of various machines. They are used to reduce wear and tear and friction in the functional components of machines. Lubricants impart properties such as high viscosity index, prevention against corrosion, thermal stability, high boiling point, low freezing pint, and high resistance to oxidation.

Increasing investments in offshore oil and gas explorations, which includes shale gas exploration as well, are the major factor driving the global offshore lubricants market until the end of the forecast period. Moreover, large-scale governmental undertakings for the development of deepwater and ultra-deepwater oil and gas wells will open tremendous opportunities for companies involved in the offshore lubricants market. However, environmental concerns associated with the use of certain lubricants will restrain the market’s growth.

By end use, the report segments the global offshore lubricants market into offshore rigs and floating production storage and offloading (FPSO). In 2013, offshore rigs held a revenue share of more than 70% in the global market. Nevertheless, in the 2014-2020 period, FPSO will display faster growth in the overall market.

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The research report segments the global market into the application segments of gear oil, engine oil, grease, hydraulic oil, and others (circulating oil, compressor oil, and turbine oil). Of all, in 2013, engine oil led the market and accounted for a share of more than 60% in the global market. The report segments this market into the regional segments of Asia Pacific, the Middle East, North America, Europe, and Rest of the World. The regional segment of the Rest of the World dominated the market in 2013; the region held a revenue share of more than 28% in the global offshore lubricants market. Increasing investments in large-scale projects for the development of offshore reserves in Brazil and West Africa are the reason for this.

Transparency Market Research has published a new market study on the global offshore lubricants market that delves into the developments in this market from 2014 to 2020. The report provides a detailed overview of trends, opportunities, and product innovation that will mark the growth of this market during the forecast period. According to the report, the global offshore lubricants market stood at US$110.9 mn in 2013. Registering a CAGR of 7.07% from 2014 to 2020, this market is expected to reach a valuation of US$183.5 mn by the end of 2020. The title of this report is “Offshore Lubricants Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.”

Key players in the global offshore lubricants market are Royal Dutch Shell plc, Gulf Oil Marine Limited, BP plc, ExxonMobil Corporation, Chevron Corporation, Lukoil Oil Company, Sinopec Limited, and Total S.A. The report also includes a snapshot of business expansion strategies of top players aimed at maintaining their competitive positions in the overall market. For instance, In February 2014, Total S.A. announced plans for expansion of its operations in the Mediterranean region. In December 2013, ExxonMobil finalized plans for the development of a new unit in Singapore with a production capacity of 62,000 barrels per day.

The global offshore lubricants market is segmented as follows:

Offshore Lubricants Market: End User Segment Analysis

  •          Offshore rigs
  •          FPSO

Offshore Lubricants Market: Application Segment Analysis

  •          Engine oil
  •          Hydraulic oil
  •          Gear oil
  •          Grease
  •          Others (turbine oil, compressor oil, circulating oil, etc.)

Offshore Lubricants Market: Regional Analysis

  •          North America
  •          Europe
  •          Middle East
  •          Asia Pacific
  •          RoW (Rest of the World)

Research Report: http://www.transparencymarketresearch.com/offshore-lubricants-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

For more information, please visit : http://www.transparencymarketresearch.com/

Global fuel oil market to be driven by flourishing transportation industry

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The global market for fuel oil has been examined in a recent market research report by Transparency Market Research. The report, titled “Fuel Oil Market – Global Industry Size, Share, Trends, Analysis, And Forecasts 2018,” gives a forward-looking perspective of the market and presents detailed quantitative as well as qualitative data pertaining to the key market segments. The market has been studied from a global standpoint, in order to provide a broader perspective about the market’s present state, and from a regional perspective to give a much detailed overview of the state of the market and its segments in the present scenario.

The report states that the global fuel market is being driven by healthy growth in the petrochemicals, building materials, and transportation industries. As good quality fuel oil enhances engine life and maximizes productivity of machineries, its demand has increased across the globe concurrently with the flourishing transportation and industrial segments. However, the global fuel oil market is held back to a certain extent owing to the volatile prices of crude oil, a factor which has also prompted companies to push their research and development efforts towards finding alternative fuel sources.

The report examines the applications of fuel oil across end-use segments such as electricity industry, building materials industry, transportation industry, metallurgy, petrochemical industry, and petroleum refineries. Of these, the transportation industry was the largest consumer of fuel oil in 2011, followed by other significant end users such as petroleum refineries, and petrochemical industries.

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From a geographical perspective, the global fuel oil market has been examined for Asia Pacific, North America, Europe, and Rest of the World. Of these, Asia Pacific held the dominant position in the global market for imported fuel oil in 2011. From a country-wise scenario, the U.S. accounted for the largest share on a global front in terms of consumption of fuel oil in 2011; China dominated the fuel oils market in Asia Pacific.

The report gives a thorough analytical account of the impact of the most prominent market trends of current times and the key growth drivers and restraints. An analysis of recent technological developments and the way they will influence the market’s growth prospects is also featured in the report.

The report also gives an overview of the competitive landscape of the global fuel oil market, wherein Porter’s five forces analysis, detailed business profiles, SWOT analysis, and other details pertaining to some of the most influential vendors in the market is included.

Some of the major vendors in the market profiled in the report are Verona Products Pvt. Ltd., Alicid Organic Industries Ltd., Honari Co., Ningling Lanning Technology Co. Ltd., Concord Overseas, Sazeh Pardaz Simorgh Company, Bell Performance Inc., OOO Oil-Garant, and Moletech International Technology Limited.

Research Report: http://www.transparencymarketresearch.com/fuel-oil-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Africa finished lubricant industry to gain from increase in production of lubricants from recycled base oils

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A new report from Transparency Market Research, titled ‘Finished Lubricant Industry Analysis Market – African Industry Analysis, Size, Share, Trends, Growth and Forecast 2020,’ states that this industry is expected to be propelled by the rising awareness about using finished lubricants and the rising demand for automotive lubricants.

The key role of a lubricant is to minimize friction between two surfaces. Nowadays, people have become aware of using quality lubricants due to the rising environmental regulations regarding energy saving and cutting emissions. As per a recent research, yearly around 0.4% of the gross domestic product can be saved for energy purposes in the Western industrialized nations if due knowledge about friction and lubrication is applied to lubrication procedures. Lubricants are imported either as finished lubricants or base oil lubricants, which are then locally blended. Lubricants manufactured from recycled base oil are relatively cheaper than those produced from virgin base oils.

Base oils are the major constituents of finished lubricants and constitute a large share of the finished products. Chemical additives constitute the remaining share of the finished products and are used to enhance their performance. For any lubricant to adhere to standards, it is a must for the producer to develop certain types of lubricant additives, which will be later blended into a lubricant. In keeping with the specifications set by the American Petroleum Institute (API), leading manufacturers are focusing on producing chemical additives. These products are manufactured specifically from virgin base oils so as to meet the prevailing specifications.

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Recently, the Kenyan bureau of standards provided its vision on the arrival of substandard lubricants. Further, many East African authorities who set quality standards supported the initiatives for the introduction of standard lubricants. The Africa finished lubricant industry is expected to register considerable growth in the years to come due to the increasing demand for lubricants from nations such as Nigeria, Algeria, and South Africa. Supported by the well-developed chemical industry in South Africa, the Africa finished lubricant industry is expected to play a major role in the years to come.

Over the past few years, a rapid rise in the production of lubricants from recycled base oil has been noticed, especially in the East Africa market. By type, the Africa finished lubricant industry is classified into automotive lubricants and industrial lubricants. The industrial lubricants segment is sub-segmented into industrial lubricants and industrial oils. Specialties include solid lubricant films, greases, and metal working lubricants.

Going forward, the rising demand for finished lubricants from various industries such as the mining industry, the manufacturing sector, and the agricultural sector is expected to benefit the Africa finished lubricant industry. In the near future, industry players including BP Plc, Engen Petroleum Ltd., Chevron Corporation, and Royal Dutch Shell Plc. are expected to introduce new variants of finished lubricants in the market.

Research Report: http://www.transparencymarketresearch.com/finished-lubricant-industry.html

 

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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Global building energy management systems (BEMS) market size is projected to surpass USD 6 billion by 2023: Global Market Insights Inc

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Dover, DE: Global building energy management systems (BEMS) market size is projected to surpass USD 6 billion by 2023. Increasing regulatory pressure due to increasing energy wastage in building is predicted to drive the industry over the coming years.

Asia Pacific building energy management systems market size is forecast to experience significant growth. The surging demand for these systems can be attributed to increasing popularity of green building technologies across the region. Latin America is predicted to witness high growth prospects owing to increasing awareness regarding energy conservation over the forecast period.

Rising awareness regarding efficient use of energy at corporate and government levels is anticipated to propel building energy management systems market demand in commercial, residential as well as industrial sectors. The building sector is primarily responsible for global greenhouse gas emission as well as energy consumption.

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Surging energy prices and managing energy costs for commercial as well as residential buildings is expected to boost building energy management systems market size over the next few years. These sectors have been adopting various appropriate technologies for controlling, conserving, and monitoring energy.

High energy consuming areas in buildings are office equipment, HVAC systems, catering, pumps, etc. Energy consumption in building amenities that mainly includes the use of fossil fuels adds to air pollution, which is likely to have adverse impact on the environment and also likely affect residents’ health.

In order to manage the carbon dioxide (CO2) emissions and total energy consumption, numerous other energy management systems are being employed such as Facility Energy Management (FEMS), Industrial Energy Management (IEMS), Home Energy Management Systems (HEMS), and Cluster/Community Energy Management System (CEMS).

Browse Building Energy Management Systems (BEMS) Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/building-energy-management-systems-bems-market

BEMS involves effective integration of software, hardware, ICT technologies and services. It helps monitor, control and automate lighting as well as HVAC functions in order to manage energy efficiency of the buildings. It also helps in enhancing dwellers’ productivity and comfort. These systems also share functionalities with various building automation technologies such as Building Management Systems (BMS) and building automation systems (BAS).

BMS and BEMS share numerous similarities apart from a unique distinction; BMS includes the energy management capabilities along with other functionalities that include alarm, fire, security, closed circuit television (CCTV), safety and mechanical building controls. The data gathered by BEMS is utilized by BMS and it is likely to become a vital component of BMS solution. This in turn is anticipated to positively impact building energy management systems market share over the forecast period.

Advent of innovative technologies accompanied by maturing of existing technologies is predicted to drive applicability across various industry sectors. Rapid urban infrastructure development, particularly the swift growth of smart buildings is anticipated to be one of the major factors driving building energy management systems market share from 2015 to 2022.

Key softwares include asset performance optimization, data management, application platform, lighting system, and HVAC system. Wireless and wired are the types of communication technologies involved in this model. Key industry verticals include telecom and IT, manufacturing, office and commercial buildings, government and MUSH (Municipal, University, School and Hospital) systems.

U.S. BEMS market size is predicted to be the largest regional segment and is likely to maintain its dominance owing to rising interest in highly developed energy technologies as well as implementation of demand response programs over the coming years. These programs are likely to promote restricted energy usage and enable customers to tackle changing prices and handle the utility needs for saving peak loads.

Participants constituting global building energy management systems share include Azbil, ABB Group, BuildingIQ, Carma Industries, C3 Energy, Cylon Active Energy, Daintree Networks, Daikin Industries, Echelon Corp., Elster EnergyICT, Ecova, Inc., EnerNOC, Inc., and FirstFuel Software. Notable players also include GridPoint, eSight Energy, Honeywell International, Ingersoll-Rand PLC, IBM, Johnson Controls, Jones Lang LaSalle, Schneider Electric, Optimum Energy LLC, Siemens AG, Toshiba, Verisae, and SkyFoundry.

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Rig based well access system – still trendy? Industry insights 2020

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Rig based well access systems, is the oldest type of subsea well access system which uses a rig while drilling and intervention of subsea wells. The increasing production activities in deep offshore locations have led to the increasing development of the global rig based well access systems market. Rig based well access systems ensure that the subsea drilling and intervention activities are carried out efficiently. These systems are utilized to achieve maximum safety and reliability which in turn ensures maximum output during production.

The market for rig based well access systems is anticipated to rise at a substantial pace in the predicted period owing to the increasing demand from deep offshore oil and gas drilling activities. There is also a growing requirement for intervention in old subsea wells, especially in Europe and South American regions; this would further encourage the adoption of these systems.

Due to the competitive nature of the oil & gas market, there is an accelerated focus on improving production efficiency. The requirement of improvised production efficient equipments and increasing development of deepwater oil and gas reserves are the primary drivers for the rig based well access systems market. The need to boost recovery rates from the subsea wells will enhance the market growth of these systems. The old offshore wells require regular intervention to maintain the production rates, thus the need for rig based well access systems increases in such scenarios.

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All the major exploration companies have invested huge amounts in offshore locations; reliable installation of subsea equipments is a critical component for efficient production of oil and gas in these locations. Rig based well access systems are specially utilized in large offshore oil and gas reserves. However, the rapid development of riserless light well intervention will hamper the further market growth of these systems in the future. The high installation and operational risks associated with rig based well access systems also act as a restraint for this market.

The market for rig based well access systems can be segmented into three broad categories based on the systems used for subsea well access. Completion riser systems are primarily designed for safe installation and intervention of subsea trees. Landing string systems are implemented within the drilling vessel system to interface subsea completion and intervention. Whereas, tubing rotary systems are used in heavy tubing operations.

As oil and gas operators continue to explore reserves in deepwater areas, the market for rig based well access system continues to grow at an increasing pace. The rising discovery rate of offshore fields in the Latin American region will provide the major market for this market in the coming future. Europe is also one of the markets for rig based well access systems primarily due to a large number of historically existing wells which require significant overhaul. The market is expected to grow further in Europe, especially in the U.K and Norwegian markets. Many prospective offshore gas wells in Africa will be a potential factor for the growth of this market segment in future. Asia Pacific and Middle East are the other potential regions which are anticipated to increase investment in rig based well access systems market.

Some of the major global players competing in the rig based well access systems market are FMC Technologies, Schlumberger, Aker Solutions, Proserv, Cameron International, Tenaris, National Oilwell Varco and Weatherford Solutions.

Research Report:http://www.transparencymarketresearch.com/rig-based-well-access-system.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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