Segmentation:
The allyl chloride market is segmented by application.
Major applications include epichlorohydrin, allyl sulfonates, allyl amines, water treatment chemicals, glycidyl ether, and others. Among them, epichlorohydrin accounted for the largest market share in 2017 with a value of USD 1,974.1 million. The increasing demand for epoxy resins across aerospace and defense, electrical and electronics, automotive, and building & construction is expected to augur well for the segment. The segment can accrue close to USD 2,503.7 million by 2023 for the allyl chloride market, at a CAGR during the forecast period.
Water treatment chemicals accounted for the second-largest share in the allyl chloride market in 2017. It can exhibit a 4.33% CAGR over the forecast period to accrue nearly USD 104.8 million by 2023. The paucity of freshwater reserves has created the demand for allyl chloride which can be used in the production of quaternary ammonium salts, a vital component in water management. On the other hand, ‘others’ can exhibit a 4.01% CAGR over the forecast period to generate close to USD 65.3 million by 2023.
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Regional Analysis:
Region-wise, the allyl chloride market includes North America, Europe, Latin America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The APAC region accounted for 51% share in the allyl chloride market in 2017 thanks to the robust pace of industrialization in Singapore, Indonesia, and Thailand. The booming population in these developing economies coupled with increased budget in water treatment and desalination is predicted to boost the regional allyl chloride market valuation to USD 1,526 million by 2023. Meanwhile, the APAC region can accrue a market volume of 1,317.5 kilotons (KT) by the end of the forecast period.
The Europe allyl chloride market Trend valuation stood at USD 464.5 million in 2017. It is predicted to reach USD 555.1 million by 2023, at a CAGR of 3.11% during the forecast period. The region can accumulate a demand of 449.1 KT by 2023.
North America can reach a valuation of USD 493.9 million by 2023, at a predicted CAGR of 3.35% during the forecast period. The regional market volume can touch 407 KT by 2023.
Competitive Analysis:
Major names operational in the allyl chloride market report are Osaka Soda (Japan), Kashima Chemical Co., Ltd. (Japan), Alfa Aesar (U.S.), DowDuPont (U.S.), Rizho Lanxing Chemical Industry Co., Ltd. (China), Solvay (Belgium), Sumitomo Chemical Co., Ltd. (Japan), Gelest, Inc. (U.S.), Olin Corporation (U.S.), and others. Players are focusing their efforts on producing different grades of the chemical at economical prices. But volatile prices of propylene owing to swings in crude oil prices can negatively affect the market.
Overview:
The global allyl chloride market is expected to rise and touch a valuation of USD 2,845.1 million by 2023, at a 4.11% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their astutely detailed report has highlighted drivers and opportunities affecting the market. Allyl chloride is a chemical with a pungent odor obtained via chlorination of propylene. The use of the chemical as a base for producing epichlorohydrin, glycerin, and other derivatives is likely to boost the allyl chloride market growth till 2023.
The increasing use of allyl chloride derivatives across numerous end-use industries is expected to fuel the market growth. This is exemplified by the demand for epoxy resins, derived with the help of allyl chloride, in building & construction and aerospace & defense industries. In addition, the need for quaternary ammonium salts for wastewater management is another driver of the allyl chloride market. For instance, food & beverage manufacturers are investing in water management projects owing to demand for freshwater.
Rising demand for epoxy resins in end-use industries is likely to boost the market growth. The automotive sector, for instance, requires these prepolymers for producing coatings which can resist corrosion and extreme temperatures. But strict environment policies regarding the production of the chemical coupled with production of bio-based epichlorohydrin as an alternative can pose a challenge to the allyl chloride market.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Oct 17, 2019 (The Expresswire) -- Cardiovascular Stents market report offers competition by top manufacturers, with production, price, and revenue (value) and market size and share 2019 to 2025
Global “Cardiovascular Stents Market” size and share 2019 Report recently added to discusses various factors driving or restraining the market, that will help the future market to grow with promising CAGR.
“Cardiovascular Stents market size is valued at 7,838.9 Mn US$ and will increase to 13,100.2 Mn US$ in 2025, with a CAGR of 6.6% during for”
Companies operating in the global Cardiovascular Stents market are focusing on merger and acquisitions and new product launches to gain competitive advantage.
The report also includes several valuable information on the Cardiovascular Stents market, derived from various industrial sources.
Biotronik SE and Co. KG
The Global Sportswear Market is projected to display a robust growth represented by a CAGR of 5.80% during 2018-2023.
Athletic Footwear segment contributed maximum revenue in the market and is expected to continue the leadership in the forecast period on the back of rising awareness regarding the rising awareness of health and wellness, the prevalence of Athleisure trend in developing nations coupled with increasing number gyms, jogging tracks, fitness clubs.
Amidst the Sales Channel, online segment is expected to witness the fastest growth rate on the heels of rising internet penetration and number of smartphone users across the globe.
Amongst the regions, Asia Pacific accounts for the largest regional share in the global sportswear market in 2018.
Key factors driving the robust Asia Pacific market include large population base, increasing disposable income coupled with rising health consciousness across the region.
Global Sportswear Market has covered and analyzed the potential of Global Sportswear Market and provides statistics and information on market size, shares and growth factors.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Market OverviewRising sale of barbecue sauce is driven majorly by its ability to enhance the organoleptic property of the food product.
Furthermore, rising healthy food consumption pattern adds fuel to growth of the global barbecue sauce market.Shift in food consumption pattern is propelling the demand for barbecue sauce market on a global level.
Barbecue sauce is also used by fast food chains as dips to their products.
The production and the consumption of barbecue sauce is high in North America and is projected to increase at a positive growth rate in various countries of Asia Pacific and Europe over the given forecast period.Competitive AnalysisThe major key players in the Barbecue Sauce Market areKraft Foods Inc. (U.S.)ConAgra Foods, Inc. (U.S.)Sweet Baby Ray’s (U.S.)KC Masterpiece (U.S.)J Lee's Gourmet Bbq Sauce Inc. (U.S.)Memphis Barbecue Co (U.S.)Killer Hogs (U.S.)Barbecue sauce manufacturers across various regions are following the strategy of product innovations to add new and unique flavors to their product to penetrate the global market and to meet the growing demand for the product.
Furthermore, key players are investing more in R & D sector to improve their existing products line and to enhance the quality as well as the shelf-life of the barbecue sauce.
Rising trend of barbecue food consumption based on the sustained nutritional value as well as flavor of the product is propelling the growth of this market.
Market OverviewThe global smokeless tobacco market has witnessed continued demand during the last few years and is projected to reach USD 23,202.2 million at a CAGR of 4.41% by 2023 in terms of value.
Owing to the increasing demand for cigarette alternatives the demand for smokeless tobacco is increasing across the globe.
High consumption of smokeless tobacco in the emerging markets is driving the sales of the products.Market ForecastConvenience in consumption tobacco chewing bags is the major driver behind the high growth of this segment.
Chew bags contain loose tobacco leaf cut to a fine length.
Innovative packaging and convenience are the major drivers behind the high sales of the product globally.Access Report @ https://www.marketresearchfuture.com/reports/smokeless-tobacco-market-5959High taxes on tobacco products including cigarettes and smokeless tobacco has raised the concern of illicit trading of tobacco in various countries.
This is one of the major challenges faced by the smokeless tobacco companies across the globe as this tends to cut down their profit margin and hamper high revenue generation.
Key PlayersSome of the prominent players operating in the global acetone market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt.
Ltd. (India) and EMCO Limited (India) among otherSegmentationThe global acetone market is categorized on the basis of application, end use industry, and region.
On the basis of end use industry, the market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction and electrical & electronics.
Among these, Asia Pacific is anticipated to develop with the most astounding CAGR amid the survey time frame, 2017 to 2023 by virtue of extending paints and coatings and construction industries.
The acetone market is anticipated to increment in various nations of the Asia Pacific, for example, China, India, Japan and Indonesia because of expanding urbanization and populace is expected to drive the market in the estimate time frame.North American acetone market COVID-19 Impact is anticipated to witness a huge development by virtue of high acetone consumption potential, expanding production capacities, and rising monetary development rate.
Money related obligation in these nations has crossed their income which is the real restriction for the acetone market to develop in the forecast period.Market Overview:Acetone is a clear, colorless, and volatile fluid with a sweet aroma.
