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Increasing demand from petrochemicals and refining industries enables flow meters market to expand at 9.5% CAGR from 2015-2020

 

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Transparency Market Research (TMR) has announced the addition of a new market study on the flow meters market. The report is titled “Flow Meters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.” According to the report, the global flow meters market is expected to be worth US$9.61 bn by 2021. It was valued at US$5.20 bn in 2014 and is expected to expand at a CAGR of 9.5% between 2015 and 2021.

A flow meter is a device used for the measurement of volumetric, mass, and linear and non-linear flow rate of a gas or fluid. Different types of flow meters are used for the measurement of various parameters of a fluid as it flows through a pipe. Flow is measured by measuring the speed of the liquid over a certain area. Flow meters comprise a stop, scale, indicator, and tube. The performance of a flow meter relies on aspects such as density, pressure, viscosity, and temperature of liquids.

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The increasing demand from the petrochemicals and refining industries is the primary growth driver of the flow meters market. The performance of petrochemicals and refining industries impacts the flow meters market to an extent. Flow meters are used in custody transfer, interwell allocation, and gas flaring. Their use is mandated by environmental regulations for quality control and revenue calculations, aiding the growth of the market. Flow meters are used in various other industries apart from the petrochemical industry, such as agriculture, waste water management, and others, which is positively impacting the market. Furthermore, the global flow meters market is boosted by the replacement of outdated flow meters with newer smart flow meters. Smart meters are a relatively new trend in the global flow meters market. These are accurate in measurement and much more reliable as compared to the earlier generations of flow meters.

The global flow meters market is segmented on the basis of region, application, and product type. On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Of these, Asia Pacific held the largest market for flow meters in 2014. The flow meters market in Asia Pacific is anticipated to expand at a 9.3% CAGR from 2015 to 2020. The growth of the market in the region can be attributed to the rising high-value projects and petrochemicals and refineries industries, which are fueling the demand for flow meters.

On the basis of product type, the market is segmented into coriolis flow meter, magnetic flow meter, ultrasonic flow meter, vortex flow meter, turbine flow meter, and others. Of these, the magnetic flow meter held the largest market share of 21% in the global flow meter market in 2014. By application, the market is segmented into water management, energy management, food process, oil and gas, and others. Of these, the application of food process accounted for the largest market share of 17.6% in the global flow meter market in 2014.

The report profiles some of the key players in the global flow meters market. These include: Yokogawa Electric Corp. (Japan), Siemens AG (Germany), ABB Ltd. (Switzerland), Messtechnik GmbH (Germany), Badger Meter Inc. (U.S.), Brooks Instrument LLC (U.S.), Sierra Instruments Inc. (U.S.), Endress + Hauser (Switzerland), Krohne General Electric Co. (U.S.), and Azbil Corporation (Japan).

The global flow meters market is segmented as follows:

Product Type

  • Magnetic flow meter
  • Coriolis flow meter
  • Ultrasonic flow meter
  • Turbine flow meter
  • Vortex flow meter
  • Others

Application

  • Energy management
  • Water management
  • Food process
  • Oil and gas
  • Others

Research Report:http://www.transparencymarketresearch.com/magnetic-flow-meters-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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Global synthetic (Thermoplastic polyurethane) TPU films market size is likely to grow with a CAGR of more than 5% up to 2023: Global Market Insights Inc.

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Global synthetic (Thermoplastic polyurethane) TPU films market size was estimated at over 47 kilo tons in 2015 and is likely to grow with a CAGR of more than 5% up to 2023. TPU film market revenue is likely to be valued at more than USD 750 million by 2023.

Automotive applications dominated and accounted for more than 24% of the total demand in 2013. Aerospace applications are likely to witness high gains, at an estimated CAGR of over 6.5% up to 2023.

Asia Pacific was the dominant region and accounted for over 34% of the total demand in 2013. China & India TPU films market were the leading consumers in Asia Pacific together accounting for over 60% of the total demand in 2015. Europe and North America are likely to witness moderate gains and they accounted for over 19% and 27% respectively in 2015. Japanese TPU films market was estimated at more than 3.5 kilo tons in 2015.

Increasing awareness of light weight material demand in automobile applications in order to increase fuel efficiency and reduce carbon emissions is likely to drive TPU films market growth. They are used in automobile component manufacturing which helps in reducing the weight of the vehicle (by almost 40%). Also, they are used for substituting rubber components in vehicles.

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They are used for automobile applications such as door & acoustic panels, Instrument & anti-vibration panels, seats and airbags. Replacement or after sales market are expected to become an important focal point for TPU films demand in automobile industry.

Pricing plays an important role in the market with consumers being price sensitive. TPU films market price trend is relatively higher by 25% to 35% in Europe and North America in comparison to prices in Asia Pacific.

Growing construction spending in emerging economies of Asia Pacific is likely to drive demand. Asia Pacific dominated the construction spending and accounted for 40% of the global revenue spending in 2012.

Increasing application scope in solar & wind power installation systems is likely to drive Thermoplastic polyurethane films market. These films offer surface protection for windmill blades and solar panels. Growth in aviation sector coupled with continuous technological advancements is likely to drive demand. They are involved in aerospace applications such as seat cushions, armrest surfaces, wire & cable jacketing, masks and interior panels.

Volatile polyols and MDI price, due to fluctuation in propylene & aniline prices are likely to affect industry profitability. Also, stringent environmental regulations against use of hazardous raw materials are likely to pose challenge to industry participants. Companies are investing to develop the bio-based TPU films market which are likely to offset volatile pricing derived from crude oil and would also help in reducing carbon footprints. Companies such as Arkema, DuPont, PolyOne and Merquinsa have set sights bio TPU film market development.

Covestro (formerly Bayer MaterialScience) and Reverdia (joint venture of DSM and Roquette Freres) recently announced to enter into an agreement to jointly develop & promote thermoplastic polyurethane based on renewable feedstock. Covestro will use s Biosuccinium succinic acid from Reverdia to manufacture its Desmopan brand thermoplastic polyurethane used for applications such as consumer electronics and footwear. This strategy is expected to help Covestro venturing into biopolymers market and the company plans to expand its industrial setup in Taiwan for increasing its regional presence.

Growth in per-capita middle class consumer income coupled with government initiatives to bring in FDI particularly in countries such as India and China is likely to drive regional demand. Growth of automobile industry in countries such as Thailand and Indonesia is also anticipated to drive regional growth. North America is likely to witness moderate growth owing to post recession recovery in construction & automobile industries coupled with increase in consumer spending capacity.

Global TPU films market share is fragmented with top four companies catering to over 40% of the total demand in 2013. Presence of large number of domestic manufactures & suppliers mainly in China is responsible for high fragmented market.

Key companies involved in this market include Covestro, PAR Group, Huntsman, MH & W International and 3M Company. Other prominent manufactures include Avery Dennison, Nippon Polyurethane, BASF, Lubrizol and Permali Gloucester.
Browse Synthetic and Bio Thermoplastic Polyurethane (TPU) Films Market Size, Potential Industry Outlook Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/synthetic-and-bio-thermoplastic-polyurethane-tpu-films-market

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Global polyurethane (PU) market size is likely to witness gains with an estimated CAGR of more than 5% up to 2023.: Global Market Insights Inc.

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Global polyurethane (PU) market size was estimated at 16 million tons in 2015 and is likely to witness gains with an estimated CAGR of more than 5% up to 2023.

Global bio polyurethane market size was estimated at over 1,500 tons in 2014. It is obtained from reacting bio polyols with diisocyanates with biomass, varying from 30-70%.This variation depends upon the feedstock used for polyol production. Soybean oil, castor oil, rapeseed oil and sunflower oil are key raw materials for the green/bio polyols market.

Increasing application scope as thermal insulators, flooring materials and sealants in construction sector is likely to drive polyurethanes market growth. Among GCC nations in the Middle East, Saudi Arabia dominated the construction market with 43% of the total share and disclosed an estimated budget of over USD 1 trillion worth of projects planned in 2013. UAE was the second largest construction market in GCC nations with an estimated budget of USD 727 billion planned in 2013. Qatar, Kuwait, Oman and Bahrain were the rest to follow with an estimated budget of close to USD 683 billion in 2013.

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Key products include rigid foams, flexible foams, adhesives & sealants, elastomers and coatings. Flexible PU foam market dominated the overall consumption and accounted for over 38% of the total volume in 2013. These foams are widely preferred for its use in automotive seating, bedding, upholstery, textiles and tennis racquet grips.

Rise in industrial safety standards is likely to promote rigid foam growth due to its excellent insulation properties. These foams accounted for more than 25% of the total consumption in 2013. Automotive production growth, particularly in Asia Pacific and Latin America is likely to drive polyurethane market price and demand. Global automobile sale was close to 82.6 million units in 2012 and is likely to reach 104.6 million units in 2018 growing with an estimated CAGR of 4%. It is used for manufacturing seating, armrests, headrest, headliners and dashboard. It use in the automobile industry in the form of lightweight plastics can result in increase fuel efficiency and reduced carbon emissions.

Growing electronic consumable demand is likely to drive polyurethane market growth. Properties such as durability and abrasion resistance makes PU based varnishes to be preferred in hardwood floors applications. Coatings are widely gaining importance as it provides wood floor finishes, thereby likely to increase its demand.

Volatile raw material prices of MDI & TDI are likely to hamper industry profitability. In order to counter this, companies are increasing investments in research to develop bio polyurethane. Shift in trend towards adopting bio based products owing to decreasing fossil fuel reserves is also likely to provide opportunities for competent bio polyurethane market price.

Development of 100% bio-based PU may serve as drop-in substitute for their synthetic counter parts and also replace in most of the applications. Many companies are collaborating with biotechnology firms to produce bio PU.

In the bio-based polyurethane market, foams accounted for more than 75% of the total demand. The demand for CASE (coatings, adhesives & sealants and elastomers) are comparatively less and can be tailored made to be used in application such as waterborne urethanes, plastics and woods. More than 70% of vehicles by Ford Motor Company contains seat component derived from bio based PU foams.

Asia Pacific dominated the regional market and accounted for more than 45% of the total volume in 2015. Presence of large scale industries in countries such as China and India coupled with increasing construction spending is likely to drive regional demand. North America is likely to exhibit moderate growth rates owing to presence of automobile industries and shifting focus towards adopting bio based products.

The global polyurethane market share is dynamic & highly competitive and also depends upon innovation & product development for applications. Presence of highly unorganized market in Asia Pacific poses threat to multinationals in terms of quality and price offered. Key companies operating include Dow Chemical Company, Bayer, BASF, Recticel S.A., Mitsui Chemical, British Vita Unlimited, Huntsman and Woodbridge Foam Corp.
Browse Synthetic and Bio Polyurethane (PU) Market Size, Potential Industry Outlook Report, Regional Analysis, Price Trends, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/synthetic-and-bio-polyurethane-pu-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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Global synthetic thermoplastic elastomers (TPE) market size is to witness gains with an estimated CAGR of more than 4.5% up to 2023: Global Market Insights Inc.

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 Global synthetic thermoplastic elastomers (TPE) market size was estimated at over 4 million tons in 2015 and is likely to witness gains with an estimated CAGR of more than 4.5% up to 2023. Thermoplastic elastomers market revenue is likely to be valued at USD 19.76 billion by 2023.

Asia Pacific was the leading region and accounted for more than 40% of the total demand in 2014. Japan, China and India thermoplastic elastomers market dominated Asia Pacific and accounted for more than 85% of the total demand in 2015. Shift of footwear industries to Southeast Asian countries such as Vietnam coupled with growth of automotive & construction industry in India and China is likely to drive regional demand.

Increase in lightweight plastics demand for automobile component manufacturing is likely to drive TPE market over the forecast period. Global automobile demand in 2015 was over 86 million units which are expected to grow at an estimated CAGR of 4% and reach above 100 million units by 2018.

Regulatory policies by environmental agencies to reduce carbon emissions and increase in vehicle fuel economy by reducing weight has pushed many automobile OEMS towards adopting plastics in place of metals & alloys for manufacturing components. Automobile weight reduction is witnessed as a priority in the industry as it lowers carbon emissions.

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Stringent environmental norms are backed by regulatory bodies in North America and Europe. According to sources, achieving vehicle weight reduction by 450 kg enables an average reduction in emission of COby 40kg and also helps in increasing the fuel efficiency by around 10%.

Key TPE products include styrenic block copolymers (SBC), thermoplastic polyurethanes (TPU), thermoplastic vulcanizates (TPV), thermoplastic polyolefins (TPO) and copolyester elastomers. SBC was the largest consumed product and accounted for more than 45% of the total volume in 2014. Increasing application scope in paving & roofing is likely to drive SBC market demand.

Increasing preference of TPU & TPO over EPDM (ethylene propylene diene monomer) in construction material applications is likely to drive thermoplastic elastomers market growth. The TPU market is gaining considerable importance in construction sector owing its properties such as acoustic and thermal insulation. Increase in construction of energy efficiency buildings coupled with support of regulations backing zero energy building is likely to drive TPU demand.

In order to reduce dependency on depleting fossil fuel reserves, manufacturers are focusing to develop sustainable products. Innovations are taking place to develop new technologies based on bio-renewable sources.

Companies have focused on bio based thermoplastic elastomers market development, over the past few years under different brand names. Arkema’s Pebax Rnew is PEBA (polyether block amide) consisting of amino-11 segments derived from castor oil. Arkema bio TPE contains anywhere between 26% and 100% renewable content and are designed for applications such as automotive, shoes and electronics. Bio thermoplastic elastomers market price trend is going to be critical for industry penetration.

DuPont has made renewable Hytrel RS thermoplastic polyester elastomers and are derived from bio-based 1,3-propanediol using corn sugar as feedstock from its patented bacterial fermentation process. Hytrel RS thermoplastic polyester elastomers has 20-60% of renewable content and used for applications such as tubing boots, hoses, airbag doors and energy dampers.

Merquinsa has launched Pearlthane ECO TPUs derived drfom vegetable based polyols whereas GLS Thermoplastic Elastomers launched tow ranges of OneFlex Bio renewable TPE which incudes OneFlex Bio 5100 and OnFlex Bio 5300 in 2008. OneFlex 5100 cater to industrial applications and sport equipment components for cast wheels & ski bindings while OneFlex 5300 caters to applications such as interim trim, door & instrument panel skins, shoe soles, gear knobs and sport equipment grips.

North America is likely to witness steady growth rates owing to structured regulatory norms pertaining to plastic consumption & disposal. Post recessing recovery of automobile & construction sector in the U.S. and Mexico is likely to drive regional growth.

Global thermoplastic elastomers market share is consolidated moderately and top four companies cater to more than 47% of the total demand. Major companies are shifting TPE production capacity to China, Brazil, India, Thailand, Malaysia and Vietnam owing to ease in raw material procurement and cheap labor cost along with supporting manufacturing policies.

Key companies include BASF, Bayer, China Petroleum & Chemical Corp and Evonik Industries. Other manufacturers include Dow Chemical, LyondellBasell, Huntsman, Lubrizol Corp, PolyOne Corp, LYC Chemical and LG Chemicals.
Browse Synthetic and Bio-based Thermoplastic elastomers (TPE) Market Size, Potential Industry Outlook Report, Regional Analysis, Price Trends, Application Development, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-thermoplastic-elastomers-tpe-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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Global polyvinyl chloride (PVC) market size is likely to reach more than 58 million tons by 2023: Global Market Insights Inc.

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 Global polyvinyl chloride (PVC) market size was estimated at over 38 million tons in 2015 and is likely to reach more than 58 million tons by 2023, with CAGR gains of over 5%. Polyvinyl chloride market revenue is anticipated to exceed USD 80 million by 2023.

Construction was the largest application and accounted for more than 53% of the PVC market size in 2015. Electrical & electronics application is likely to be the fastest growing, with an estimated CAGR of over 5.2% up to 2023. Growth of Taiwan & Chinese electronics industry is anticipated to favor high growth rates for this particular application.

Asia Pacific PVC market was the dominant region and accounted for over 58% of the total volume in 2013. China and India PVC market price trends are expected to remain competitive in the long run. Middle East is likely to witness highest gains with an estimated CAGR of over 5.8% up to 2023 owing to growth construction & automobile industry particularly in Saudi Arabia.

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Rapid urbanization has resulted growth in construction spending particularly in Asia Pacific. It is used in applications such as windows, tubes, pipes, cables & wires and fittings. Characteristics such as strong, durable, versatile and lightweight characteristics make it ideal for use in window profiles. It can be used for different effects and colors and are often used as an alternative to wood frames. British construction regulatory bodies such as The Building Research Establishment (BRE), Green Guide to Specification and The British Fenestration Ratings Council (BFRC) have recognized it for window frame applications in residential and commercial buildings. This factor is likely to favor polyvinyl chloride market growth.

Increase in automobile production is likely to favor PVC market growth. Automobile industry is witnessed to grow in Thailand, Indonesia, China, South Korea and India. Key uses include interior door panel & pocket, instrument panels, seat & floor coverings, sun visors, mud flaps, anti-stone damage protection and protective strips.

They are used to manufacture cable for electronics & electrical industry owing to its properties such as flexibility, inherent flame retardation and ease of installation. PVC cables are not witnessed to harden & crack over time and finds use in applications from telecommunication to electric blankets.

They are also used in applications such as healthcare, sports and packaging. Flexible PVC is used to manufacture blood storage bags which can store blood longer and safer. Healthcare application also utilizes it to make artificial skins, containers, endotaracheal tubing, surgical & examination gloves and inhalation masks.

Growing environmental concerns owing to release of carbon footprints into the atmosphere is likely to challenge industry participant’s growth. Investments in research to develop bio products are likely to open up opportunities for PVC market growth.

In 2007, Solvay Indupa, an affiliate of Solvay, had announced to enter bio-based PVC market, with route of ethylene partially derived from sugarcane and the chlorine content derived from brine. A plant of 120 kilo tons per year of bio PVC capacity was envisioned with keeping in mind Latin America as the initial target market. However, due to the recent announcement of rise of bio polyethylene costs by Braskem gave rise to uncertainty of the project initiation.

There are recent developments of renewable based modifiers and bio plasticizers market, which are phthalate-free flexible vinyl compounds and help in reducing carbon footprints. Metabolix has developed renewable based modifier based on bio PHA (polyhydroxyalkanoate) copolymers offering enhanced processing and toughening. Companies such as BioVinyl, Galata Chemicals and Tcknor Apex Co. have developed plasticizers which are phthalate free based on renewable content. Application development and competent pricing will be critical to bio PVC market prenetration.

Asia Pacific dominated demand owing to growth of end-use industries such as electronics, automotive and construction. Increasing disposable income coupled with population expansion particularly in countries such as China and India is likely to favor demand in Asia Pacific. Europe was the second largest consumer and is expected to be driven by demand in countries such as Turkey and Russia. North America is likely to witness steady growth rates over the forecast period.

Global PVC market share is fragmented and is characterized by the presence of domestic and multinational companies across the value chain. Key companies include BASF, Formosa Plastics, Solvay, Arkema S.A and LC Chem. Other prominent companies include Axiall Corp, Shin-Etsu Chemical Co., Georgia Gulf Corp, Ineos Chlorvinyls Ltd., Sinopec group and KEM One.
Browse Synthetic and Bio Polyvinyl Chloride (PVC) Market Size, Potential Industry Outlook Report, Regional Analysis, Price Trends, Application Development, Competitive Landscape & Forecast, 2016-2023 report at:https://www.gminsights.com/industry-analysis/synthetic-and-bio-polyvinyl-chloride-pvc-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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Global Market Insights, Inc.

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Antifouling agent market size was over 85 kilo tons in 2015, and is expected to exceed 125 kilo tons by 2023: Global Market Insights Inc.

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Body: Antifouling agent market size was over 85 kilo tons in 2015, and is expected to exceed 125 kilo tons by 2023, growing at a CAGR of more than 4.5% from 2016 to 2023.
Middle East and Africa (MEA) antifouling agent market size was valued at more than USD 20 million in 2015 and is anticipated to increase further due to increase in capital expenditure for the offshore vessels development in Nigeria, Saudi Arabia, and Angola.

Europe antifouling agent market demand was above 5 kilo tons in 2015. Countries including the UK and Italy where high penetration of yacht manufacturers is noted is likely to be among the key factors to drive the demand in the region.

U.S. antifouling agent market size witnessed demand of more than 2.5 kilo tons in 2015 and is projected to observe significant growth over the forecast period. Increase in unconventional sources production such as tight oil and shale gas in Canada and the U.S. is expected to favorably impact the industry.

Asia Pacific accounted for over 82% of the overall share in 2015. Marine industry growth in China, South Korea, Japan, Philippines, and Taiwan is likely to foster demand in the region. India and Australia emerging as manufacturing hubs for shipping vessels due to government support for promoting investments at the domestic level is anticipated to augment growth.

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Marine antifouling agent market size may witness strong growth over the forecast period. These coatings or paints are applied to marine vessels in order to prevent corrosion; it also helps to improve performance and durability of vessel. Submerged surfaces are affected by bacteria, algae, invertebrates, and diatoms that increase hydrodynamic drag resulting in decreased operational speed & range, and additional fuel consumption. Sometimes, damaging marine organisms get transferred by ships to other areas.

Special chemicals such as organotin compounds, biocides and copper are used to formulate these agent coatings which help in preventing the growth of marine organisms. Protection against corrosion, fouling, and external contamination coupled with increasing condition-based monitoring trend over non-consistent preservation in shipping industry is likely to propel demand.

Antifouling agent market applications are segmented in to shipping vessels and drilling rigs & production platforms. Shipping vessels accounted for over 75% of the global volume in 2015. These paints and coatings are applied in order to enhance vessel performance and strength.

Drilling rigs & production platforms segment is anticipated to grow at a significant rate due to increase in spending for Floating Production & Offloading (FPSO) vessels by the oil & gas industry. Growth in production and exploration of natural gas & crude oil in India, China, and Thailand is likely to be among the key factors to drive demand in the region.

Increase in industries’ preference for eco-friendly products owing to stringent environmental regulations is likely to restrain the industry. Moreover, the raw material price fluctuation is anticipated to impact the antifouling agent market price trend.

Commercial ships mainly use coatings that consist of synthetic chemical compounds which can harm the environment. The prevention on the use of these coatings led to biologically derived antifouling options which may help to provide the biomimetic and natural antifouling surface coatings. Biomimetic method is likely to promote innovations into developing and designing of non-toxic antifouling technologies.

Antifouling agent market share consist of PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Advance Marine Coating, Nippon Paint, and Kansai Paint, In August 2015, Jotun launched new production facility in Rio de Janeiro, Brazil specifically for marine coatings. This manufacturing unit is projected to generate over 9 million liters of marine coating products, together with antifouling products.

In 2014, Hempel launched two products for shipyard buildings and dry dockings with the focus on fuel savings. New product development is projected to be a key success factor for companies operating in the industry. In 2011, Biomimetics-Innovation-Centre (B-I-C) produced a palm seed derived non–toxic antifouling coating. R&D commencement to formulate coatings from natural materials such as palm oil is anticipated to create new growth opportunities.
Browse Bio Adipic Acid Market Size, Industry Analysis Report, Regional Analysis, Downstream Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/antifouling-agent-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.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

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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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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

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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.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email: sales@gminsights.com

Web:https://www.gminsights.com

 

 

Natural gas liquids market to register 7.16% CAGR from 2016 to 2024, thanks to healthy demand from petrochemical industry

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Natural gas liquids are light hydrocarbons that are composed exclusively of hydrogen and carbon molecules. The chemical composition of natural gas liquids is similar to the molecular composition of crude oil and natural gas. Natural gas liquids are manufactured within a gas stream and find application in diverse industries. Several natural gas liquids can be extracted via an absorption procedure, which includes the passing of mixed gases across a pool of gas-absorbing oil. This process holds the heavier hydrocarbons but allows methane to move over. The growing demand for and rising investments in the production of natural gas liquids are expected to fuel the growth of the global market in the near future.

In 2015, the global natural gas liquids market stood at 7,982.63 kilo barrels/day and is estimated to be 14,806.59 kilo barrels/day by the end of 2024. The global natural gas liquids market is estimated to exhibit a 7.16% CAGR between 2016 and 2024.

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Increased Use in Petrochemical Industry to benefit Global Natural Gas Liquids Market

The global market for natural gas liquids can be classified on the basis of type into ethane, normal butane, isobutane, propane, and pentanes plus. In 2015, the ethane segment dominated the overall market, holding a 45% share in the global natural gas liquids market. The rapid growth of this segment can be attributed to the growing application of natural gas liquids in the petrochemicals industry around the world. In the same year, the propane segment accounted for a 45% share in the overall natural gas liquids market owing to its increased use in households for cooking and heating purposes. Normal butane, pentanes plus, and isobutane are used as fuel for lighters, blended vehicle fuel, and several other applications in diverse industries.

The increasing use of shale gas resources and the mounting use of natural gas liquids in the petrochemical industry have encouraged the production of natural gas liquids globally. On the flip side, the growth of the global natural gas liquids market is restrained by the growing use of substitutes, including naphtha. However, the decreasing natural gas prices would offer a strong opportunity for the growth of the global market for natural gas liquids in the next few years.

The Middle East Dominated Global Natural gas liquids Market in 2015

The global market for natural gas liquids can be divided on the basis of geography into North America, Latin America, Europe, the Middle East, Asia Pacific, and Europe. In 2015, the Middle East dominated by accounting for a 40% share in the global natural gas liquids market, followed by North America. In 2015, North America held a 30% share in the global market. The other regional segments including Europe, Latin America, Africa, and Asia Pacific collectively accounted for less than a 10% share in the global market for natural gas liquid.

The prominent players operating in the global market for natural gas liquids include SM Energy, Swift Energy Company, BP Plc, Linn Energy LLC, ConocoPhillips Company, ExxonMobil Corporation, Chesapeake Energy Corporation, Range Resources Corporation, Royal Dutch Shell Plc., and Statoil ASA.

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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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Testing, inspection and certification (T.I.C.) market – opportunities and forecast 2015 to 2023

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Testing, inspection and certification (T.I.C.) companies provide services across industries such as automotives, aviations, maritime, oil and gas, petrochemicals, textile, electrical, agriculture, environmental, food, life sciences, pharmaceuticals, medicals, consumer goods and others. These services include quality and safety services, performance of products, shipments valuation, ensuring imports comply with domestic and international standards, industrial inspection, supplier evaluation and outsourcing of laboratories among others. These services render proper assurance to the customers or end-users the domestic and global standards and regulations to meet the product quality have been strictly followed by the manufacturing companies. Testing and inspection services facilitate the examination of any particular product that meets the specified standards for manufacturing. Certification services officially state that a product has been manufactured following the specified domestic and global standards. The standards are designed, developed and published by the various government organizations and non-government standardization institutions across the world.

The growth of testing, inspection and certification services have increased globally, owing to the increasing consumer awareness about the products in almost every sector. Additionally, the robust growth of the industry is also influenced by increasing globalization of international laws and standards, continued introduction of new standards owing to the development of technology and improved safety legislation and standards. Moreover, improved risk awareness and emphasis on risk prevention by customers is also influencing the growth of the market. Customers seek third party assurance in terms of product safety and risk prevention. One of the major restraints in the growth of the TIC market is the lack of internationally accepted standards and domestic government directives. The industry consolidation enabled by the synergizing strategy adopted by the key companies in this industry is expected to drive the market further during the forecast period.

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The testing, inspection and certification market can be segmented on basis of end use and geography. The segmentation on the basis of end use includes, aerospace, automotives, maritime, automation, electronics, life sciences and others. Geographically, the entire global testing, inspection and certification (TIC) Market has been classified into regions such as North America, Europe, Asia Pacific and the Rest of the world. North America and Europe are two major markets for the TICs globally owing to the growing awareness of safety in every sector. Asia Pacific region nations such as China, Japan, India, Malaysia and Australia among others are attracting huge market opportunities for the global TIC services owing to the rapidly developing industries such as automation, automotives, electronics healthcare, pharmaceuticals, aviation and medical devices among other emerging markets. Rest of the world region which includes, the Middle East, Africa and Latin America are also growing at a significant rate. The TIC market currently registering substantial growth in emerging economies such as India, China, South Korea, Brazil, UAE and Saudi Arabia among others and is expected to grow further owing to the regulatory proposals from various governments.

Some of the major market players in the TIC market worldwide are British Standards Institution Group, Bureau Veritas S.A., Compliance Engineering Pty Ltd., TUV SUD Group, DEKRA Certification Gmbh, Eurofins Scientific, Intertek Group PLC, SGA S.A., ASTM International, Dayton T. Brown Inc. and Exova Group Plc among others.

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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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How growth of oil and energy sectors inhibits the growth of refining industry automation industry?

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Refining industry refers to a group of chemical engineering unit process where the raw materials are being converted or refined into certain product value. Automation means automatic control of various control systems for operating different types of machineries that is being used in factories, boilers and other industrial purposes. It provides huge benefit in terms of saving labor, energy and materials that helps in maintaining quality, accuracy and precision.

There are various types of automated refineries like petroleum oil refinery, sugar refinery, natural gas processing plant, salt refinery, metal refinery etc. The types of products for refining industry automation are, Control Valves, Flow meters, HMI software, Low Power AC Drives, High Power AC Drives, High Power AC Drives, Process Engineering tools, Radar Level Devices and Continuous Ultrasonic Level Measurement Devices.

The growth of oil and energy sectors inhibits the growth of refining industry automation market. The oil companies are the major investors in this industry with a high demand of energy and refined petroleum products from the emerging countries. As a result of which it is expected to have a huge expenditure in large and complex capital projects in the refining industry. Due to economic slowdown in emerging countries like India and China and also due to European debt crisis the market is likely to get hampered. Though there was healthy shipment of products in the previous year yet economic downturn in emerging countries is slowing down the investment.

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It is expected that the market will mainly be dominated by the emerging nations such as India and China but it is expected to be slightly slow in Europe (France, Germany, Italy, and UK) and North America. Key participants in the industry include Yokogawa, Emerson process Management, Aspen Technology, Invensys Operations Management, Aspen Technology, Honeywell Process Solutions, ABB and Siemens.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

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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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Reforming unit market gains impetus from spike in demand for high-octane gasoline

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A reforming unit, also known as a catalytic or thermal reformer, is a key component of the petroleum refining process. A reforming unit helps carry out a chemical process that enables the conversion of petroleum refinery naphthas, which are distilled from crude oil, into high-octane liquids. These high-octane liquids are known as reformates, which in turn are much sought after for their attributes as high-quality blending stocks for high-octane gasoline.

By converting low-octane paraffins into branched alkanes and cyclic naphthenes, it is possible to dehydrogenate these to produce high-octane aromatic hydrocarbons. Hydrogen gas, which is a by-product of the dehydrogenation process, can further be used in hydrocracking and other processes.

One of the most important drivers of the reforming unit market is the spike in demand for high-octane gasoline. However, reforming units also come with their share of disadvantages, which will likely stand in the way of optimal market growth. Among the greatest challenges faced in a reforming unit is maintaining the right outlet temperature across all reactors. In the event an unscheduled shutdown occurs in the reforming unit, there is a high chance that the output of other units will also be adversely impacted. The ultimate impact of this is a monetary loss that the plant or company will have to incur.

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The reforming process entails the use of three catalyst reactors installed separately. Each of these reactors has a precisely controlled environment, where the temperature and pressure are both kept within specific levels. Naphtha and heavy straight run (HSR) gasoline, which are derived from the crude distillation unit, are the most commonly used feedstock for catalytic reformers. A catalytic reformer also supplies benzene toluene xylene (BTX), which is sold to chemical plants to earn additional revenue.

Basis process, the report segments the global reforming unit market into: Thermal and catalytic reforming. A thermal reforming unit, as can be gauged from the name, requires extremely high temperatures to operate, whereas this isn’t the case with a catalytic reforming unit. A thermal reforming unit offers residual products such as gas, residual oil, and gasoline. It is possible to increase the yield of these products by using a catalyst.

The report conducts a detailed analysis of the key players that have a strong presence in the global reforming unit market. Among the companies profiled are: KBR Inc., Atlantic Richfield Oil Company, Ventech Engineers International LLC, KASUS Technical Service & Consulting GmbH, Chevron Corporation, Siemens Industry, Inc., Larsen & Toubro Limited, Linde AG, and Honeywell International Inc.

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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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Gasket and seals industry – advanced research review 2023

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Gasket and seals are primarily used to fill the empty spaces between the coupling surfaces to avoid leakage and wastage of fluids and gas. In addition, gaskets also help in maintaining pressure and avoid contamination from the external environmental condition. Gaskets and seals are specifically designed depending upon the end-use surface and the type of coupling. These products have the property of withstanding high compressive loads. In order to check the strength of gaskets and seals certain tests are undertaken. Silicone and rubber are the most preferred material used for manufacturing gaskets and seals owing to their superior characteristics including high reliability, better strength, high flexibility, and resistance to high heat and pressure.

The market for gaskets and seals is segmented on the basis of materials used, types, end-use verticals, and geography. On the basis of types, the gaskets and seals market is segmented into gasket; which are further categorized into metallic gaskets, rubber gasket, cork gasket, non-asbestos gasket, ring joints, and spiral wound gaskets. The types of seals considered include-ring seal, lip seal, mechanical seal, rotary seal and others. Based on end use, material required for gasket and seal manufacturing is decided. Based on type of material used to manufacture gaskets and seals, the market is segmented into fiber, graphite, PTFE, rubber gasket, silicone gasket and others. Based on end-use, the market for gasket and seal is segmented into power and energy, industrial and manufacturing, oil and gas, automotive and chemical and petrochemicals among others. Based on geographical regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Over the forecast period, Asia Pacific is expected to witness maximum growth on account of growing industrial sector in the region.

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With increase in industrialization and urbanization globally, there has been considerable rise in the number of manufacturing plants, machineries, automobiles, and various other mechanical instruments which use gasket and seals. This has had positive impact on the market growth. Gaskets and seals are major peripheral required in plumbing systems. With economies recovering post economic recession, construction industry is expected to regain its growth level, thereby supporting the demand for plumbing systems and hence, gasket and seals.

In automobiles, gaskets and seals are widely used for shunting to avoid leakage or wastage of expensive fluids or gas. Owing to their property to sustain extreme pressure conditions, compressive loads, and heat, gasket and seals have significant scope across different industry verticals. However there are certain restraints too, which are curbing the market growth of gasket and seals. Due to price volatility of raw materials like rubber, silicone, graphite etc. the overall price of gaskets and seals is also expected to rise to some extent. With increase in electrification/industrial automation, the use of gaskets and seals has been on a decline.

Some of the key players manufacturing gaskets and seals include Dana Holding Corporation, Flowserve Corporation, Smiths Group PLC, Freudenberg Sealing Technologies Gmbh & Co. Kg, Federal-Mogul Holdings Corporation, Datwyler Holding Inc. andVictor Gaskets India Limited among others.

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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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HTL celebrate 20 years at the top

HTL, a family run manufacturer and supplier of controlled bolting, flange working and portable machine solutions are celebrating 20 years of success.

From small beginnings in a facility no bigger than a 128sq.ft single garage in Blyth with two employee’s, HTL has enjoyed an incredible journey of growth over the past two decades to become a recognised industry leader serving many sectors.

Founder Ray Jones, employed his Nephew as his first employee in 1996, and today HTL continues to remain a family run business with several family members including Ray holding key positions within the company.

Now with eight global facilities and an extensive product and service portfolio, HTL distributes its product lines to over 40 countries and is considered the largest European independent privately owned supplier to the Controlled Bolting Sector.

It all started by supplying a small range of Hydraulic Torque Wrenches to the Oil and Gas Industry, and has grown to offer a complete range of customer first solutions to a variety of sectors including Power Generation, Renewable Energy, Subsea & Decommissioning, Chemical, Heavy Engineering and the Construction Industry.

With tens of thousands of stock items readily available at HTL’s impressive 65,300sq.ft Cramlington Corporate HQ, coupled with unrivalled bolting expertise, the once small supplier has one of the largest rental fleets in Europe; a true example of their commitment to deliver second to none customer service.

HTL Founder Ray Jones comments: “It has been an incredible journey and the initial enthusiasm and commitment that empowered HTL 20 years ago is just as present as it ever has been with all HTL staff across our global entities.”

To celebrate the occasion, HTL have opened a VIP invitation to visit their Corporate HQ in Cramlington, Northumberland which includes an exclusive tour of HTL’s impressive facilities along with lunch and refreshments. To register your interest please visit http://www.hiretorque.co.uk/vip-invite/.

 

Ray Jones

Global heat exchangers market to expand at 6.02% CAGR till 2020, propelled by need to maximize thermal efficiency

Transparency Market Research has published a new report on the global heat exchangers market. According to the report, the global heat exchangers marketstood at US$11.86 bn in 2013 and is predicted to reach US$18.04 bn by 2020. The report, titled ‘Heat Exchangers Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020’, states that the global heat exchangers market is predicted to rise at a 6.02% CAGR till 2020.

Rapid growth in consumption of power in various industries is expected to help expand the global heat exchangers market during the forecast period. For any power station, condensers are a vital element as they connect the heat sink and the water/steam cycle. The performance of the condensers directly impacts the output of power stations and availability of electric power. Condensers are meant to fulfill high-performance requirements. This group of heat exchanger devices is primarily implemented in most power generation plants. Thus, the demand for all kinds of heat exchangers is expected to grow across the globe, resulting in the growth of the global heat exchangers market. The global heat exchangers market is segmented on the basis of product type, end user, and geography.

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By geography, the global heat exchangers market is divided into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific was the leading regional segment of the global heat exchangers market in 2013. The Asia Pacific segment accounted for 33.60% of the global market in 2013 and was valued at US$3.94 bn. Thanks to the constant demand for heat exchangers across the region, the Asia Pacific market is expected to expand at a 6.34% CAGR to reach US$6.12 bn by 2020.

By product type, the global heat exchangers market is divided into air cooled, plate and frame, shell and tube, and others. The shell and tube segment of the global heat exchangers market accounted for the highest market share in 2014. With an increasing number of oil field and infrastructure development projects being planned across all regions, the shell and tube segment is expected to grow rapidly during the forecast period. At present, governments of countries facing constant power shortages are taking efforts to upgrade power generation activities to meet the rising demand for power from various industries. The availability of several heat exchangers with advanced features is expected to boost the global heat exchangers market during the forecast period.

Some of the prominent players in the global heat exchangers market are GEA Heat Exchangers, Heatmaster BV, SAACKE GmbH, Southwest Thermal Technology, and Alfa Laval Corporate AB. Most of the leading companies in the global heat exchangers market introduce portable heat exchangers to cater to the needs of small commercial and residential establishments. The rapidly growing heating, ventilation, and air conditioning (HVAC) industry is expected to boost the demand for heat exchangers in coming few years. Capacity additions in hydrocarbons and power sector are also expected to drive the global heat exchangers market during the forecast period. Emerging players from across the globe have expressed significant interest in adopting renewable energy technology to diversify their energy portfolio.

Key segments of Global Heat Exchangers Market

Global Heat Exchangers Market: Product Type Analysis

  • Air Cooled
  • Plate and Frame
  • Shell and Tube
  • Others (Condensers, Oil Coolers, and Radiators)

Global Heat Exchangers Market: End User Industry Analysis

  • HVAC
  • Chemicals and Petrochemicals
  • Power Generation
  • Others (Food Processing, Aerospace, and Medical)

Global Heat Exchangers Market: Regional Analysis

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

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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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NEW ICE-LBG-SR Load Ring Offers ultimate safety lifting at high working loads

RUD are known for their innovative lifting points which are used across a wide range of industries from construction, manufacturing, materials handling to engineering and offshore. Product development and innovation is imperative at RUD which can be seen in one of their latest innovations, the new ICE-LBG-SR load ring.

The ICE-LBG SR Super Rotation Load Ring offers the ultimate solution for lifting, turning & flipping at high working loads. It rotates 360° in all directions under load with an innovative ball bearing technology which offers a smooth rotation. It is used across a variety of sectors such as: offshore, heavy duty lifting, engineering, construction & handling projects to name a few.

The innovative double ball bearing technology means that lifting, turning or rotating under full loads, vertically or horizontally can now be done safely without any chance of the bolt opening mid lift. The ICE-LBG SR therefore offers an ultimate safety factor to the user and the equipment.

The demand for safety lifting and turning at high working load limits resulted in the creation of the completely new bolt, the RUD “ICE bolt”. RUD developed the revolutionary patented fine grain steel bolt which offers an impressive impact strength of 56 Joule at temperatures as low of -60°C.

The RUD ICE-LBG-SR load ring, with its ground breaking double ball bearing technology and robust ICE bolt has solved a real problem in the industry. It has provided an ultimate safety factor when lifting, turning, rotating and tilting under full loads. The bolt will securely stay firmly fastened under full loads, vertically or horizontally.

Ensure the highest safety factor for your goods and your operators with the RUD ICE-LBG-SR load ring.

For more information please visit: www.rud.co.uk/

 

ICE LBG2

Petroleum coke market – A dearer energy alternative to coal

Ceaseless energy needs of the cement and energy industries in the developing nations of Asia Pacific will lead the global petroleum coke (petcoke) market to reach new heights till 2020, says Transparency Market Research (TMR). The report states that the global petroleum coke market will exhibit a CAGR of 8.5% from 2014 to 2020 for the market to reach a valuation of US$24.11 billion by 2020 increasing from US$13.28 billion in 2013. The report, titled “Petroleum Coke Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”, is available for sale on the company website.

The report states that, presently, petcoke trade is swinging east due to the heavy demand for fuel grade coke in the industrializing countries of Asia Pacific. In this region, China and India are exhibiting sizeable demand for petcoke due to the unprecedented demand for power to run these industries. On the contrary, pollution-causing traits and the environmental concerns about the same are not encouraging the utilization of petcoke. Thus, the growth of the market is negatively affected. Nevertheless, to counter this, market participants can engage in gasification of petcoke, which will lead to the production of clean power and increase profit margins in return.

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The report divides the global petcoke market in the basis of product type, end-use, and region. By product type, fuel grade and calcined coke are the segments of the market. Between the two, it is the fuel grade product type that will lead the market during the forecast period. In 2013, fuel-grade petcoke held more than 72.0% of the overall market, whereas calcined type held 26.0% of the market. This is mainly due to its cost-effectiveness in comparison with coal and natural gas. Fuel grade petcoke also has the advantage of high calorific value in comparison with natural gas and coal.

However, increasing aluminum production will boost the demand for calcined petcoke during the forecast period, says the report. Calcined petcoke is also used in paints and coatings, steel, paper, and fertilizers, which will boost the demand for the product in the coming years.

Currently, Asia Pacific is the dominant region for petroleum coke. In 2013, the region contributed almost 32% of the revenue of the global market. This is attributed to the massive demand for petcoke from India and China. In these countries, the power and cement industries account for bulk consumption of petcoke.

In the same year, at 24%, Europe held slightly less than a quarter of the global market for petroleum coke, adds the report. However, Asia Pacific and Europe will register the highest growth rate in the global petroleum coke market during the report’s forecast period, which will be the target regions for companies operating in this market.

The report mentions and profiles the top companies that operate in the global petcoke market, namely BP Plc, Chevron Corporation, ExxonMobil Corporation, Saudi Arabian Oil Company, Valero Energy Corporation, Essar Oil Ltd, Indian Oil Corporation Limited, Reliance Industries Limited, and Royal Dutch Shell Plc.

The global petcoke market is segmented as follows:

Petroleum Coke Market: Product Type Analysis

  • Fuel Grade Coke
  • Calcined Coke

Petroleum Coke Market: End Use Segment Analysis

  • Calcining
  • Power Plants
  • Cement Kilns
  • Blast Furnace
  • Others

Petroleum Coke Market: Regional Analysis

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

Sample of Research Report:http://www.transparencymarketresearch.com/petroleum-coke-market.html

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research

Mr. Sudip S

State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States

Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

What are the factors driving the global petrochemicals market?

ALBANY, New York, March 07, 2016: A recent market research report published by the market research company Transparency Market Research, titled “Petrochemicals Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, comprises a professional analysis of the global petrochemicals market. The report states that the market, which serves a wide range of applications in a horde of industries where petrochemicals are used as raw materials for the production of many industrially important products, will expand at a healthy 6.8% CAGR between 2014 and 2020 and rise to a valuation of US$885.07 billion by 2020.

The dynamic growth of key end-use industries such as packaging, automobile, and construction is the chief factor driving the overall petrochemicals market, states the report. The abundant availability of raw material in the Middle East, one of the world’s largest producers and exporters of natural gas and crude oil, is also a reason why the petrochemicals market is flourishing on a global level. The market is also driven by government initiatives in China and India that are promoting the establishment of petrochemical complexes. However, an increasing shift towards bio based chemicals and environmental concerns related to the use of a variety of petrochemicals are certain factors that will hamper the market’s growth to a certain extent.

The report segments the global petrochemicals market based on two broad criteria: product type and geography. Based on type of product, the market is segmented into ethylene, propylene, butadiene, toluene, benzene, xylene, methanol, styrene, and vinyls. Geography-wise, the market is segmented into North America, China, Europe, Rest of Asia Pacific, Latin America, and the Middle East and Africa. Ethylene, one of the key product types studied in the report, had a 25% share in the global petrochemicals market in 2013. Demand for ethylene was followed by propylene. Over the report’s forecast period, demand for methanol is expected to grow at the fastest pace owing to its rising use in methanol to olefins processes and gasoline blending.

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On a regional level, the market is expected to be driven by China, which had a 25% share in the global market, owing to the growth of end-use industries. The report also presents a detailed overview of the competitive landscape of the global petrochemicals market. The report states that the market is highly fragmented. Top multinational companies in the petrochemicals market are constantly striving to acquire smaller companies so as to expand their reach and widen their product portfolios.

Shifting production bases to countries in Asia Pacific is a highly popular trend currently seen in the global petrochemicals market. The cheap costs of labor and raw materials in Asia Pacific as compared to those in developed countries are the key factors attracting petrochemicals companies. The report presents business profiles of some of the key businesses operating in the global petrochemicals market, which include The Dow Chemical Company, SABIC, BASF SE, Shell Chemical Company, LyondellBasell Industries, Sumitomo Chemical Co. Ltd., ExxonMobil, Total S.A., Sinopec Limited, E. I. du Pont de Nemours and Company, and Chevron Phillips Chemical Company LLC.

This report segments the global petrochemicals market as follows:

Petrochemicals Market: Product Segment Analysis 

Ethylene

  • Polyethylene
  • Ethylene oxide
  • Ethylene dichloride
  • Ethyl benzene
  • Other (including Alpha olefins and vinyl acetate)

Propylene

  • Polypropylene
  • Propylene oxide
  • Acrylonitrile
  • Cumene
  • Acrylic acid
  • Isopropanol
  • Other (including Polygas chemicals and oxo-chemicals)

Butadiene

  • Styrene-butadiene rubber
  • Butadiene rubber
  • Acrylonitrile butadiene styrene
  • Styrene-butadiene latex
  • Other (including Nitrile rubber and mechanical belts)

Benzene

  • Ethyl benzene
  • Cumene
  • Cyclohexane
  • Nitrobenzene
  • Alkyl benzene
  • Other (including Maleic anhydride)

Xylene 

Toluene

  • Benzene
  • Xylenes
  • Solvents
  • Toluene diisocyanate
  • Other (including Pesticides, drugs and nitrotoluene)

Vinyls 

Styrene

  • Polystyrene
  • Expandable polystyrene
  • Acrylonitrile butadiene styrene
  • Styrene-butadiene latex
  • Unsaturated polyester resins
  • Styrene-butadiene rubber
  • Other (including copolymer resins)

Methanol

  • Formaldehyde
  • Gasoline
  • Acetic acid
  • Methyl Tertiary Butyl Ether (MTBE)
  • Dimethyl ether
  • Methanol to olefins (MTO)
  • Other (including biodiesel, solvent and chloromethane)

Petrochemicals Market: Regional Analysis

  • North America
  • Europe
  • China
  • Rest of Asia Pacific
  • Middle East & Africa
  • Latin America  

Browse Research Report:http://www.transparencymarketresearch.com/petrochemicals.html

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research

Mr. Sudip S

State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States

Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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High Performance Anti-corrosion Coatings Market for Oil & Gas Industry – Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

ALBANY, New York, March 02, 2016: High performance anti-corrosion coatings are enhanced protective coatings that are used to prevent corrosion of metal and concrete substrates. These coatings are sometimes referred to as heavy-duty coatings as they are specifically used in protecting metal and concrete structures that are continuously exposed to extreme corrosive surroundings. Excellent adhesion on substrates, durability, better resistance to heat and moisture, and good gloss retention are key attributes of high performance anti-corrosion coatings. High performance anti-corrosion coatings are primarily used in core industries such as oil & gas, marine, paper & pulp, power generation, piping, storage tanks, electrical, chemical processing, and construction. High performance anti-corrosion coatings are classified based on the coating resin that is incorporated during their processing. Epoxy, urethane, acrylic, alkyd, ethyl silicate, vinyl, and polyester are key coating products that are currently used in high performance industrial applications. Furthermore, these coatings are also available in various formulation systems such as solvent borne, water borne, radiation cured, and powder.

High performance anti-corrosion coatings are primarily manufactured by using raw materials derived from petrochemicals. Epoxy coatings, urethane coatings, and acrylic coatings are major product segments of the global high performance coatings market. Epoxy coatings was the largest product segment of the global high performance anti-corrosion coatings market in 2014. In terms of volume, epoxy coatings accounted for over 55% of the global demand for high performance anti-corrosion coatings in 2014. Epoxy coatings provide excellent abrasion and corrosion resistance as well as high mechanical strength when applied to substrates. This product segment is anticipated to maintain its leading position during the forecast period as it can also be manufactured via bio-based raw material sources, thus reducing dependency on petrochemicals.

Research Report:http://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html

However, acrylic coatings is projected to be the fastest-growing product segment of the high performance anti-corrosion coatings market by 2023. These coatings have high compatibility with metal substrates, better color retention rates when exposed to harsh climatic conditions, and are chemically inert. Hence, they are expected to replace other high performance anti-corrosion coatings, especially alkyd coatings, in the near future.

The global high performance anti-corrosion market is also segmented on the basis of demand from various end-user industries. Oil & gas, power generation, marine, construction, and tanks & pipes are key end-user segments of the high performance anti-corrosion coatings market. Oil & gas was the largest end-user of the high performance anti-corrosion coatings market in 2014, followed by construction and tanks & pipes industries. This end-user segment held a market share of around 30% in 2014. High performance anti-corrosion coatings have exclusive applications in transmission pipelines, oil storage tanks, drilling equipment, and other oil rig parts in this end-user industry. However, power generation is projected to provide significant growth opportunities for high performance anti-corrosion coatings as it is likely to be the fastest-growing segment among other end-users during the forecast period.

In terms of demand, Asia Pacific is likely to hold the largest share of the high performance anti-corrosion coatings market followed by Europe by the end of 2023. Robust growth in the global high performance anti-corrosion coatings market is expected in Asia Pacific due to rise in consumption in the region’s oil & gas, construction, and marine end-user industries. However, Middle East & Africa is expected to witness the fastest growth due to increasing industrial activities in the oil & gas sector. Latin America is projected to be an emerging market for high performance anti-corrosion coatings, especially in Brazil by the end of 2023. Other global regions, especially Europe and North America, are estimated to witness steady market growth by 2023. Steady growth in these regions is anticipated to be supported by power generation and tanks & pipes industries.

Key global manufacturers of high performance anti-corrosion coatings include Akzo Nobel N.V., The 3M Company, The Sherwin-Williams Company, Nippon Paint Co., Ltd., PPG Industries Inc., Jotun A/S, Chugoku Marine Paints, Ltd., and Hempel A/S.

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research

Mr. Sudip S

State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States

Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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