Synthetic Lubricant Market Analysis, Size, Share 2023

Synthetic Lubricant Market Overview

Global Synthetic Lubricant Market Information-by Types (Silicones, Esters, PAO, PAG, and Others), by Application (Engine Oil, Process Oil, Hydraulic Oil, Marine Lubricants, Metal Working Fluids, and Others), by End user (Automobile, Construction, Power & Energy, Mining, Oil & Gas, Food Processing, and Others) and by Region - Forecast till 2023

The Global Synthetic Lubricant is expected to witness a significant growth of USD ~ 39.34 billion by 2023 with CAGR of ~3.2% between 2016 and 2023

Synthetic lubricant consisting of chemical compounds which are artificially made, it is used as alternative for petroleum-refined oils when working in high temperature. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials.

Synthetic lubricant has found in various applications such as engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others. Increasing in demand of automotive is likely to drive the global synthetic lubricant market share growth. The growing automobile, construction and power & energy industry on account of developing domestic as well as commercial market particularly in Asia-Pacific, North America and in Europe region has boosted the global synthetic lubricant market over the forecasted period.

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Asia Pacific is the largest synthetic lubricant market due to demand in various applications such as automotive, construction, and power & energy in China region followed by Japan. Increasing demand for automobile in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global synthetic lubricant market followed by increasing in the consumption of synthetic lubricant market in North America region. The third largest market of synthetic lubricant is Europe. Latin America and Middle East also witnessed in growth of synthetic lubricant market due to various application such as automobile, construction, power & energy, mining, oil & gas, food processing, and others.

The global synthetic lubricant market is majorly segmented on the basis of types, application, end users and region. Based on types of synthetic lubricant the market is segmented into silicones, esters, polyalphaolefin (PAO), polyalkylene glycol (PAG), and others (alkylated aromatics, Polybutenes). Based on application of synthetic lubricant the market is segmented into engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others (compressor oils, gear oils, synthetic greases oils). Based on end user the market segmented into automobile, construction, power & energy, mining, oil & gas, food processing, and others (turbines, vacuum pumps, soap & paint industries). Furthermore, based on region, market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

Synthetic Lubricant Market Key Players

Key players of the global synthetic lubricant market are Exxon Mobil Corporation (US), The DOW Chemical Company (US), Fuchs Petolub SE (Germany), Total Lubricants (Europe), Demitsu Kosan Co. Ltd (Japan), BP PLC (US), Chevron Corporation (US), Lubrizol Corporation (US), Pennzoil (US), Petroliam Nasional Berhad (Malaysia), and Others.

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Epoxy Composite Market Analysis, Size, Share 2023

Epoxy Composite Market Insights

Increasing wind power facilities in the developing countries, increasing use in structural applications, especially in space and defense sectors, the requirement for lightweight fuel-efficient car materials due to growing environmental, as industry demand increases are projected to drive the global epoxy composite market. Market Research Future projected that the global epoxy composite market is predicted to grow at an exponential growth with attaining the valuation of USD 38.194666 billion during the forecast period, 2016-2023.

Growing use in the sporting goods industry for the manufacture of products such as golf sleeves, fishing rods, bicycles, and tennis rackets, increasing construction activities, increasing demand for cars and commercial aircraft, especially emerging economies, lifestyle changes, economic development, rapid industrialization, emphasis on the growth of technological innovations and the increased R&D activities is anticipated to drive the global market.

Wind turbine manufacturers prefer lightweight materials such as epoxy composites to manufacture wind turbine parts such as wind turbine blades, gondolas, and hubs. The epoxy compound replaces the use of outmoded materials such as alloys and metals in wind turbines owing to its superior mechanical characteristics. Wind turbine parts require less maintenance and a high strength-to-weight ratio, which is attained with an epoxy compound. Lightweight materials increase the efficiency and performance of wind turbines by increasing blade length.

On the contrary, factors such as recycling problems, combined with high volatility in commodity prices, are anticipated to restrain the growth of the epoxy composites market over the forecast years.

Regional Insights

Asia Pacific region is the largest epoxy composites market due to demand for various applications such as automotive, transportation, aerospace, and defense in the China region, followed by Japan and Japan. India. With growing demand from the automotive, aerospace, and construction sectors in India, Japan, and South Korea, Asia Pacific is the largest consumer in the global epoxy composites market, followed by an increase in consumption in the epoxy composites market in North. America.

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Epoxy Composite Market Segmentation

The global epoxy composite market is majorly classified based on type and end-users.

Based on type, the global market is diversified into carbon epoxy composite and glass epoxy composite. Of these, the epoxy glass composite segment will represent the largest market share and is likely to grow faster during the forecast years owing to the high demand for epoxy compounds in a variety of industries comprising tanks, pipes and, electrical and electronic systems, and wind power, other fabrication operations.

Based on end-users, the epoxy composites market size is classified into the construction, automotive, sporting goods, electronics, aerospace and defense, transportation, and other industries. Others include oil, gas and wind industries. Of these, the wind sector is predicted to have the largest market share over the forecast years due to the increasing wind power capacity in the APAC region, mainly in China. Also, the attractive benefits of epoxy composites such as strength, lightness, and durability have contributed to increasing the efficiency of wind turbines. As a result, the use of epoxy composites in the wind power industries has augmented.

Epoxy Composite Market Major Players

Some of the leading players contributing to the growth of the global epoxy composite market include Axiom Materials, Inc., Cytec Solvay Group, Hexcel Corporation, Koninklijke Ten Cate nv., Toray Industries, Teijin Limited INC., Mitsubishi Rayon Co. Ltd., Gordon Composites, Inc, Rotec Composite Group B.V., and SGL Group

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Global Titanium Dioxide Market In-Depth Analysis 2023

Titanium Dioxide Overview:

Titanium dioxide is the result of a natural oxidization and is available in three forms like anatase, rutile, and brookite. The compound is one of the whitest materials on earth that finds prolific utility as pharmaceuticals, paints, coatings, cosmetics, plastics, paper, foods, and various other. This is expected to drive the global titanium dioxide market ahead with a 14.28% CAGR during the forecast period (2016-2023). Market Research Future (MRFR) reveals a possibility for the market to attain USD 44.954 billion by the end of 2023.

Factors to impact the global titanium dioxide market are end-users like automobile and construction industries that can substantially pull the market ahead. On the other hand, its highest refractive index makes it the choicest preference for a lot of companies. However, its carcinogenic properties and volatile prices can deter the expected market growth.   

Segmentation:

MRFR has made an in-depth analysis of the global titanium dioxide market trends to unravel the potential of several factors that are expected to support the market in the future. The process includes a detailed segmentation comprising application and end users.

Based on the application, the global titanium dioxide market share can be segmented into coatings, plastics, paints, paper, photo-electrode, pigment, food additives, cosmetics, and others. In many industries, titanium dioxide is gaining easy access due to its wide-scale utility as coatings. It has found a way in to the cosmetics industry in recent times and the segment is expected to fetch in considerable revenue. 

Based on the end-user, the titanium dioxide market includes automotive, personal care, construction industry, pharmaceutical, food & beverages, and others. The automotive segment is expected to provide robust traction as titanium dioxide is pervading the market as a good coating of metals.

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Competitive Landscape:

A number of companies are showing their keen interest in the global titanium dioxide market. Their strategic moves are expected to bolster the holistic growth of the market. These companies have been profiled by MRFR for a thorough study of the probable trends that can impact the market in the future. These companies are Tronox Limited (US), DuPont (US), The Chemours Company Chemours (US), CRISTAL (Saudi Arabia), Shandong Doguide Group Co., Ltd (China), NL Industries, Inc (US), Huntsman International LLC. (US), Argex Titanium Inc. (Canada), Tayca Corporation (Japan), Evonik Industries (Germany), and others.

Regional Analysis:

North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa (MEA) are four distinct regions that have been included in a geographical study of the global titanium dioxide market. This region-specific analysis has its focus set on revealing growth pockets that can be beneficial for the expansion strategies of various companies.

The APAC market is the largest region-specific market with high tractions from various end-user segments like construction, automobile, pharmaceuticals, and others. Its diverse application like paints, plastics, photo-electrode, pigment, paper, and others find easy ingress path in the region due to the ongoing revamping of industrial sectors across emerging economies. China has the upper-hand in the market and Japan closely follows their lead.

Europe is ranked second in the global study of the titanium dioxide market. This is primarily due to the robust automobile industry and remarkable personal care industry. North America stands in the third place with its construction industry to back up the regional need for titanium dioxide market. In the region, the USA and Canada are doing extremely well as they host a large number of market titans. Latin America and Middle East can rely on titanium dioxides applications as additives, pigment, paper, cosmetics, and others.

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Anthracite Market Analysis, Size, Share 2022

Anthracite Market Highlights

Anthracite is a low volatile and high fixed carbon, which used in various industrial application such as fuel, steel making, sinter plants, indurating furnaces, furnace Anthracite replacement, and others. The main application of anthracite is as fuel, in steel industries, energy & power.

Anthracite is the high-level ranking coal because it is rigid, carbon concentrated, has less moisture content, and burns efficiently than other coals. Due to its excess carbon storage and low volatiles, anthracite is more reactive and efficient with respect to energy released than the lower–ranked coals and consequently has a lower environmental impact due to the lower greenhouse gas emissions.

Urbanization of the emerging economies is resulting in the largest migration of people in human history. The infrastructure required to support the resulting rapid growth is creating unprecedented demand for steel and the anthracite coal needed to produce it. Combined with declining coal reserves it is expected that there will be long-term global shortage of metallurgical coals. Approximately 500 million tons of new annual metallurgical coal production will be required by the end of the decade to service the growth in demand.

Anthracite Market Regional analysis:

The global anthracite market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Anthracite market is largest market owing to robust industry growth of application industry in China, Japan and India.

At a time Vietnam and Ukraine were the biggest exporters of anthracite are quickly decreasing from the market with their combined exports. The rapid decrease in anthracite exports appears unable to be supplied from other major exporters in Russia and South Africa, resulting in a tight supply and demand dynamic, creating a strong price environment.

China is major dominating country owing to large scale production of end user industries such as metallurgy and power & energy. Russia led to the second position in terms of producing anthracite followed by Ukraine, Vietnam, Korea, South Africa, US, and others. While the major exporter of anthracite in decreasing order are Vietnam, Russia, China, North Korea, South Africa, US, Germany, UK, and others. On the other hand the major importers of anthracite in decreasing order are China, Japan, South Korea, France, Belgium, Bulgaria, Brazil, and others.

Mining of high-quality anthracite occurs mainly in China, Russia, South Africa, Ukraine, the United States and Vietnam. There is sizeable production in some western European countries, but the quality is primarily suitable only for power generation. In terms of exporting, countries such as Russia and Ukraine have become the dominant suppliers to world markets over the past seven years due to their lower production costs. In Asia, Russia is constantly replacing China and Vietnam in various markets. In the western region, Ukraine is becoming the important anthracite supplier.

Russia has emerged in recent years as the key anthracite supplier to Europe and other markets around the world. Production in Ukraine has been affected by the conflict in the east of the country since 2014 but may recover from now on. Vietnam’s position as world supplier is continuous decaling due to its high cost producing charges. Other sources such as South Africa and the United States focus primarily on their domestic markets, with small exports.

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Key Players

Key players of the global Anthracite industry are:  Blaschak Coal Corporation (US), Lehigh Anthracite (US), Atlantic Coal Plc. (UK), Atrum Coal Ltd (Australia), Celtic Energy (US), Vietnam National Coal-Mineral Industries Group (US), Sadovaya Group (Europe), Vostok Coal (Russia), Siberian Anthracite (Russia), Robindale Energy Services, Inc. (U.S) and others.

Segmentation

The global Anthracite market is majorly segmented on the basis of application, end users and region. Based on application of Anthracite the market is segmented into fuel, steel making, sinter plants, indurating furnaces, furnace coal replacement, and others. Based on end user the market segmented steel , energy & power, bricks, silicon & glass, synthetic fuels, others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Monosodium Glutamate Market Analysis, Size, Share 2022

Monosodium Glutamate Market Overview:

The Global Monosodium Glutamate is expected to witness a significant growth of USD 6,200 Mn by 2022 with CAGR of 4.9% between 2018 and 2022.

The major driving factors of monosodium glutamate market forecast are growing demand from food industries In addition, the increasing demand from the food, pharmaceutical is expected to fuel market growth of monosodium glutamates in near future. Health issues due to consumption of monosodium glutamates are expected to hamper the growth of monosodium glutamates.

Monosodium glutamate, which is an amino acid with the linear formula C5H8NNaO4 • H2O is an important industrial chemical to enhance flavor of foods monosodium glutamate commonly used in fast foods. It is available in powder as well as in granules form.

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Monosodium Glutamate Market Segment Analysis

The global monosodium glutamate market has been segmented into application and end use industries. On the basis of application, the market has been divided into additives, flavor enhancers, acidity regulators, preservatives, and others. Among these applications, additives and flavor enhancer have cover the largest market followed by acidity regulators, preservatives, and others. In 2015, additives as in application accounted the market share of 28% whereas flavor enhancer acquired 24%. Geographically, Asia-Pacific is estimated to be the largest market in terms of value and volume. The dominance of China in APAC as well as global market is fueling the global demand. Moreover, Europe and North American market would be a small market for MSG which consumes combines 15% of the total market.

Monosodium Glutamate Market Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the global monosodium glutamate market report: Fufeng Group (China), AJINOMOTO Co.Inc.(Japan), Vedan International (Holdings) Limited. (Hong Kong), Ningxia Eppen Biotech Co. (China), KYOWA HAKKO BIO CO.LTD. (Japan), Shandong Linghua MSG Co., Ltd (China), Shandong Qilu Biotechnology Group (China), Shandong Shenghua Group (China), Jianyang Wuyi MSG Co. Ltd. (China)and others.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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PVC Pipes Market Global Industry Analysis and Forecast 2023

PVC Pipes Market Overview

The global PVC pipes market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.13 % during the forecast period (2016-2023).

The pvc pipes market has witnessed a tectonic surge over the past few years across the global market. The recent boom in the construction industry, coupled with rapid urbanization are some of the key factors aiding revenue growth of the market. The building and construction industry include commercial, residential, industrial, and commercial sectors. The industry is estimated to expand at a steady pace, and thus the demand for raw materials has increased. Pipes are crucial parts of the building and construction industry and find application in wastewater drainage systems, water pipelines, HVAC systems, gas pipelines, and others. Such factors are likely to promote the market growth across the globe.

On the contrary, surge in plastic waste is likely to restrict the market growth across the globe. Due to the ever-increasing population, rising use of daily products, growth in population, and the development of various forms of composites and plastics, the quantum of solid waste are on the rise. Plastic waste decomposes slowly and remains unburied for decades. It gets carried away with wind and water and adversely affects the ecology. Countries across the world have set mandates to control plastic waste and encourage reuse of plastic. Such regulations prove to be a restraint to produce plastic. With the rising plastic waste and strict mandates regarding plastic production, the PVC pipes market will experience a slowdown.

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Competitive Dashboard

The top players operating in the PVC pipes market include China Lesso Group Holdings Ltd. (China), Astral Polytechnik Limited (India), Advanced Drainage Systems, Inc. (the US), Polypipe Plc (UK), National Pipe and Plastics, Inc. (US), Amanco (Brazil), Egeplast A. S (Turkey), and others.

Global PVC Pipes Market: Segmental Analysis

The PVC pipes market report has been segmented on the basis of types, application, and end user.

Based on the type, the PVC pipes market is segmented into plasticized, post chlorinated, and unplasticized.

The application segment comprises plumbing, sewerage, oil & gas, water supply, irrigation, and others. Of these, the PVC pipes are highly consumed by the sewerage application due to the recent boom in the construction industry.

By end users, the PVC pipes market is segmented into housing, agriculture, telecom industry, building & construction, and others. The building & construction and housing industries, including applications such as plumbing, sewerage, and water supply will continue to drive the market in the segment. PVC pipes used in the building & construction industry is mainly for the construction of plumbing, sewerage, and water supply.

Regional Frontiers

Geographically, the PVC pipes market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

Considering the global scenario, the Asia Pacific is likely to lead the regional market, with China being the largest consumer and producer of PVC pipes. The soaring demand from the building and construction industries, coupled with the rapid urbanization and industrialization in the region are some of the primary growth stimulants of the market. Mounting demand for PVC pipes in several applications like plumbing, sewage, oil & gas, water supply, irrigation, and others will promote the market growth. The surging demand from building & construction, agriculture, housing, and telecom industry, in countries like India, China, and Indonesia have further influenced the market growth to a large extent. Significant investments made in the chemical and agricultural industries have a positive impact on the overall market, thereby influencing its growth in the region. China dominates the regional market in terms of commercialization and demand for PVC pipes and fittings. Moreover, the existence of industry bigshots like Tessenderlo Group, China Lesso Group, Advanced Drainage Systems, Sekisui Chemical, Egeplast GmbH, Finolex is contributing to the market’s growth.

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Transformer Oils Market Analysis, Size, Share 2023

Transformer Oil Market Overview:

The global market for transformer oils can be seen rising up to a valuation of USD 4,002.8 million by 2023 with an impressive 8.63% CAGR between 2015 and 2023, which has been considered by Market Research Future (MRFR) as the forecast period. Transformer oil can be defined as an insulating oil that acts as a coolant in an electrical transformer. The manufacturing process of the transformer oil creates demand for crude oil that needs a proper fractional distillation process. These oils are popular for their ability to provide better di-electricity, excellent resistivity, high thermal conductivity, prevent power loss, and provides chemical stability. 

The major driver providing thrust top the market for transformer oils is the increasing number of power grids in the Asia Pacific region where developing countries are investing much to capitalize on the growth. Industrial reforms are creating this demand for power. Also, the surging population in urban areas and the development of new urban spaces are promoting the demand for constant power supply. In addition, the transforming lifestyles are promoting high ingress of high-tech electronic devices that can be taken into consideration that can trigger better growth for the transformer oils market.

Segmentation:

The market reading of the transformer oils relies on a segmentation that includes type and application. Inclusion of various potential factors with the ability to provide a tailwind to the growth of the market and proper value and volume-based analyses are empowering the outcomes of the segmentation.

By type, the transformer oils market share can be segmented into bio-based oil, paraffinic oil, naphthenic oil, and silicone oil. The naphthenic oil has better growth potential and it can surge from its present 48% market share to a new height with increasing transformer oil sales revenue.

By application, the market for transformer oils can be taken into consideration on the basis of a study of small transformers, large transformers, utility & others. Increasing demand for power and its uninterrupted supply is expected to promote the intake of transformers oil.

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Regional Analysis:

The global transformer oils market analysis report on the has included Asia Pacific, North America, Europe as major contributors. The market would witness a moderate rise in the Latin American market and the market from the Middle East & Africa (MEA).

The global market is getting led by the Asia Pacific region where countries ike India and China are promoting growth. Growth in the intake of grids to supply power to the rising population in urban areas and industries can back the market proceedings in the region. The regional market has a coverage of around 37.63% of the in 2016, and the CAGR would be 10.57% during the forecast period. India and China are showing high possibilities for growth. China’s industrial development can inspire growth.

With 30% market coverage, North America has the second position in the market. The regional market would find the US and Canada as leading revenue-providers. In Europe, the market would be similar as several market dynamics are quite common.

Competitive Landscape:

The market for the transformer oils can find better growth opportunities with the tactical moves initiated by various companies. These companies are included in the MRFR report for a better understanding of how the market is going to fare in the future. MRFR’s analysis includes Calumet Specialty Products (U.S.), Nynas AB (Sweden), Ergon Inc. (U.S.), PetroChina Company (China), APAR Industries Limited (India), Cargill Inc. (U.S.), Sinopec Group (China), Hydrodec Group Plc. (U.K), Valvoline Inc. (U.S.), Engen Petroleum Limited (South Africa), Gandhar Oil Refining (India), San Joaquin Refining (U.S.), and others. The tactical moves initiated by these companies can impact the global market substantially.

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