Automotive Silicone Market to Represent a Significant Expansion at 6.4% CAGR from 2018 to 2025

Automotive Silicone Market Size, Share & Trends Analysis Report By Product (Rubber, Coatings, Adhesives & Sealants), By Application (Electrical, Suspension, EDT Systems, Interior & Exterior), And Segment Forecasts, 2019 - 2025

The global automotive silicone market size is expected to reach USD 9.47 billion by 2025 growing at a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing production of automobiles, especially lightweight vehicles, and stringent regulations pertaining to harmful emissions are the driving factors for the market. Silicones help reduce the overall vehicle weight, thus, possess vital importance in lightweight vehicles market. Factors, such as government regulations, high fuel consumption, increasing environmental concerns, and technological advancements are driving the lightweight vehicles market.

The product is extensively used in vehicles as rubber, adhesives & sealants, and coatings. They play a major role in enhancing the fuel efficiency of vehicles, thus, leading to a decrease in harmful emissions. Interior & exterior application segment accounted for a share of 34.3% of the overall revenue in 2017. The superior characteristics of silicones over other products has led to their increased demand in the manufacturing of different parts of vehicles. From seat belts to tires, flooring to door panels, and lubricants to cables & plugs, the product is used in most of the interior & exterior parts. Silicone rubber is a versatile product that has properties of both organic and inorganic materials.

It is available in different forms, such as compounds, bases, or liquid, which make it applicable in various automotive applications including fuel cells, exhaust mounts, electronic control system seals, spark plug boots, grommets, and airbags. The product also has strong prospects for its usage in hybrid engines. Hence, growing utilization of silicone rubber is anticipated to have a positive influence on the market over the forecast period. Moreover, supportive emission control standards in various regions are likely to augment the product usage over the forecast period. Asia Pacific is expected to be the largest and fastest-growing regional segment in future.

Growing population and rapid developments in Asia Pacific are driving the product demand, thereby resulting in capacity expansions by key companies in the regional market. For instance, in September 2018, the Dow Chemical Company began the construction of its new silicone resin plant in Jiangsu’s Zhangjiagang to meet the growing product demand. The new plant is expected to be operational by 2021. Also, in September 2018, Shin-Etsu Chemical Co., Ltd. announced its plan of increasing its silicone output by 50%.

Increasing production capacities, new product developments, and extensive research & development activities are some of the key strategies adopted by prominent companies. For example, In June 2017, Wacker Chemie AG opened a new silicones R&D Center in Ann Arbor, U.S. to support its overall business and product development in North America.

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Further key findings from the study suggest:

·       In terms of revenue, electrical systems is anticipated to witness a CAGR of 7.5% over the forecast period due to increasing preference for these systems in vehicles

·       Silicone rubber is expected to be the fastest-growing product segment during the estimated time as a result of its extensive usage in high-temperature applications

·       Coatings accounted for 25.8% of the global automotive silicones market volume share in 2017 owing to its increased adoption in airbags

·       In terms of volume, MEA is expected to be the second fastest-growing regional market due to increasing production of automobiles in the region

·       Integration across the value chain has been witnessed in the market. For instance, in March 2017, Elkem Silicones integrated its two plants in China into Elkem Group for enriching the its silicone value chain

Grand View Research has segmented the global automotive silicone market on the basis of product, application, and region:

Automotive Silicone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Rubber

·         Adhesives & Sealants

·         Coatings

·         Others

Automotive Silicone Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Interior & Exterior

·         Engine & Drive Train (EDT) Systems

·         Electrical System

·         Suspension System

·         Others

Automotive Silicone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

U.S. Diatomite Market to Reflect Impressive Expansion During the Forecast Period

The U.S.diatomite market is expected to reach USD 954.5 million by 2025, according to a new report by Grand View Research, Inc. The demand for the mineral is expected to witness substantial growth owing to the increasing use of diatomite as a filter aid in food & beverage processing and as a functional additive in the medical industry.

The product is used in several end-use industries including construction and food & beverage processing owing to its diversified properties such as high porosity and content of silica. The growing awareness among consumers with respect to the enhanced filtration properties associated with the use of the mineral in beer processing application is expected to be a contributing factor for growth.

In 2015, four companies produced diatomite in eleven mines located mostly in the western U.S. Imerys, and EP Minerals, LLC are the two major players in the industry with Imerys accounting for the major share. Imerys is the largest player in the industry with over 50% of the overall share owing to its production in the U.S. In addition, the company is an end-user of diatomite as it manufactures paints and fertilizers where the product is used as a functional additive.

Access Research Report of U.S. Diatomite Market@ http://www.grandviewresearch.com/industry-analysis/us-diatomite-market

Further key findings from the report suggest:

·       The demand for diatomite is growing in construction owing to the lightweight of the mineral which aids in the transportation of the concrete. In addition, the contractors’ preference for minerals as an additive in concrete as it increases the durability and stability of the structure is expected to augment market growth.

·       The product is utilized as a functional additive in paints and coatings to breakdown its reflective properties. In addition, it is used as filler in plastic bags to ease the separation process. As a result, the growing demand for plastic bags in retail stores and growing paints & coatings industry in the U.S. is expected to drive growth.

·       The demand for diatomite in food & beverage processing is expected to witness significant growth owing to the enhanced filtration properties offered by the mineral in providing a clean taste to the beverages is expected to drive market growth over the forecast period.

·       Increasing utilization of diatomite in beer processing coupled with rising number of craft beer breweries is expected the demand for the mineral in the U.S. In addition, the use of the mineral in paints & coatings to break down the reflecting properties is expected to have a positive impact growth.

·       Key players in the industry include Imerys, EP Minerals, LLC, Dicalite/Dicaperl Minerals, Inc. and Absorbent Products Limited. EP Minerals is the most active player with respect to the CSR activities and service to the society.

·       Imerys is the biggest player in the market accounting over 50% of the overall share. The company has acquired some of the leading players in the market to expand its product portfolio including Celite Corp. and World Minerals Inc.

Grand View Research has segmented the U.S. diatomite market on the basis of application and end-use:

U.S. Diatomite Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         Absorbents

·         Aggregates

·         Fillers

·         Filtration

·         Others

U.S. Diatomite End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         Food & beverage processing

·         Paints & coatings

·         Plastic manufacturing

·         Medical

·         Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Petrochemicals Market Report by Recent Trends, Major Driving Factors and Business Growth Strategies by 2025

The Report Petrochemicals Market Analysis By Product (Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, Vinyls, Styrene, Methanol) By Region (North America, Europe, China, Middle East, Africa, Latin America) And Segment Forecasts, 2018 – 2025

The global petrochemicals market is expected to reach USD 958.8 billion by 2025, according to a new report by Grand View Research, Inc. Increasing shale gas exploration coupled with abundant availability of cheap indigenous crude oil in Middle East & Africa is projected to drive demand.

Increasing demand for petrochemical products from end-use industries such as automotive, construction, textile, electronics, and pharmaceutical is expected to foster consumption. Government support and favorable policies in Asia Pacific countries such as China and India are anticipated to promote industry growth.

Infrastructure development coupled with transportation industry growth in BRICS nation is likely to propel demand.New capacity additions in Middle Eastern countries such as UAE and Saudi Arabia along with low feedstock prices is expected to positively impact supply demand scenario.

Advent of technologies such as fluid catalytic cracking and residuum crackingis anticipated to promote the usage of bio-based raw materials. Commercialization of renewable sources such as corn and lignin is projected to capture market share and adversely impact industry growth.

Ethylene was the dominant product segment and accounted for over 25% of the overall revenue in 2015. Increasing use of polyethylene in the packaging industry is projected to drive demand for ethylene.

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Further key findings from the report suggest:

·       The global petrochemicals market was estimated at over 512.8 million tons in 2015 and is projected to reach 861.9 million tons by 2025

·       Middle East emerged as the fastest growing region with an estimated CAGR of 9.9% in terms of revenue from 2016 to 2025. Increasing construction sending in countries such as UAE and Qatar is anticipated to augment growth

·       Methanol is estimated to grow at a CAGR of 8.3% from 2016 to 2025.Methanol is widely used as a direct fuel for automobile engines due to superior properties such as volatile, colorless, and flammable

·       Major companies operating in the industry include BASF SE, BP PLC, Chevron Corp., CNPC, Sinopec, DuPont, ExxonMobil Corp., INEOS Group Ltd., LyondellBasell Industries Inc., Royal Dutch Shell PLC, SABIC and Dow Chemical Company

·        BASF has announced plans for large scale methane to propylene (MTP) plant in the U.S. Gulf Coast with an annual production capacity of 475,000 metric tons

Grand View Research has segmented the petrochemicals market on the basis product and region:

Global petrochemicals outlook by product (Volume, Million Tons; Revenue, USD Billion; 2014 - 2025)

·         Ethylene

·         Propylene

·         Butadiene

·         Benzene

·         Xylene

·         Toluene

·         Vinyls

·         Styrene

·         Methanol

Petrochemicals outlook by region (Volume, Million Tons; Revenue, USD Billion; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Rest of Asia

·         Middle East

·         Africa

·         Latin America

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Nitrous Oxide Market Projected to Register 7.1% CAGR through 2025: Grand View Research Inc.

According to a report published by Grand View Research, Inc.; the global nitrous oxide market is expected to reach a valuation of around USD 1.47 billion by 2025. Factors like high prevalence of chronic diseases and increasing geriatric population in major economies are anticipated propel the market over the forecast period (2014 to 2025).

Growing demand from various industries such as electronics, automotive, and food and beverages is projected to propel market growth. In medical industry, nitrous oxide is used in surgery and dentistry procedures as an anesthetic and analgesic. It is used as a dissociative anesthetic due to its outstanding euphoric effects on inhaling. Nitrous gas is a non-flammable gas and can be used in non-medical applications including food processing, semiconductor industry, and racing cars. The wide scope of application is anticipated to bode well for market expansion over the forecast period.

However, strict regulatory framework regarding transportation, possession, and use of nitrous oxide are anticipated to hinder market growth. The U.S. Food and Drug Administration (FDA) and Center for Drug Evaluation and Research (CDER) have provided guidelines regarding uses of medical gases and related equipment. Manufacturers are required to comply with the stern policies while manufacturing nitrous oxide. This factor is expected to restrain market growth to a certain extent.

Access Research Report of Nitrous Oxide Market@ www.grandviewresearch.com/industry-analysis/nitrous-oxide-market

The worldwide nitrous oxide market can be segmented on the basis of application and region. Based on application, the market can be categorized into medical, automotive, electronics, food and beverages, and others. In 2016, medical was estimated as the largest application segment. The segment is expected to expand at a CAGR of 7.2% between 2017 and 2025. Application of nitrous oxide as a single agent for partial sedation in dentistry, mainly in pediatric dental procedures. Therefore, rise in aging population across the globe coupled with prevalence of dental problems are expected to drive segment growth in the forthcoming years. Nearly 85 to 90% of nitrous oxide produced worldwide is utilized for medical applications.

The automotive segment is likely to display a healthy CAGR during the forecast period. Rising applications of nitrous oxide to boost engine power by augmenting oxygen content in fuel mixture to allow the engine to burn more fuel. These systems are majorly installed on motorcycles, trucks, cars, snowmobiles, and all-terrain vehicles (ATV). However, regulations regarding the use of this gas in road vehicles are different in different European countries.

In 2016, electronics held around 1.32% of overall market share in terms of revenue. The segment is likely to exhibit reasonable CAGR in the years to come.

Geographically, the market for nitrous oxide can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In 2016, North America was the dominant segment in terms of revenue. This region is projected to create attractive business opportunities during the forecast period. High prevalence of obesity, type 2 diabetes, heart disease, stroke, arthritis, cancer, and other chronic diseases will impel regional market expansion. Extensive application of nitrous oxide as a carrier gas for general anesthesia will further boost demand.

The U.S. market was valued at USD 156.54 million in 2016. Rising medical, automotive, and food and beverage applications are anticipated to bode well for regional market growth in the years to come. Possession of nitrous oxide is legal in many states under the federal law. However, under the U.S. Federal Food, Drug and Cosmetics Act (FFDCA), sale and distribution of the product for human consumption are prohibited in the country. Such factors may hinder market growth in near future.

Europe is anticipated to be a prominent market for nitrous oxide. It is mainly driven by rising mortality and morbidity rates. Majority of aging populace in Europe suffers with chronic diseases. Also, inactive lifestyles and high disposable income are contributing to rise in chronic disease among young and middle-aged population in Europe. This factor is expected to drive the market in near future.

Asia Pacific is projected to showcase significant CAGR during the forecast period. Increasing occurrence of chronic diseases in emerging countries such as India, China, and Japan is anticipated to bode well for regional market growth in the years to come.

Key companies operating in the nitrous oxide market include Matheson Tri-Gas, Inc.; Airgas, Inc.; Praxair Technology, Inc.; The Linde Group; and Ellenbarrie Industrial Gases Ltd. Countries such as the U.S., France, Germany, China, India, and Japan are the major destinations for market players.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Exclusive Study Estimates that Oilfield Services Market is Expected to Grow at 3.4% CAGR by 2025: Grand View Research Inc.

The global oilfield services market is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. These services are being increasingly implemented owing to the rising demand for energy and the development of new oilfields. 

The purpose of oilfield services is to help operators control the subsurface pressures, minimize formation damage, control borehole erosion, and optimize drilling parameters including the penetration rate and hole cleaning. The burgeoning offshore industry, particularly in the Persian Gulf, is anticipated to drive the oilfield services market over the forecast period. However, the adverse environmental effects of E&P activities coupled with strict government regulations are likely to hinder the market growth.

The processing & separation segment accounted for a market share of 12.7% in 2016 and is anticipated to ascend at a CAGR of 2.7% over the forecast period. This service aids the treatment of oil by means of distillate treaters, desalting & dehydration electrostatic treaters, and multiphase separation systems. It helps purify the natural gas obtained from reservoirs, eliminating its inherent impurities. The techniques employed in gas processing & treatment include glycol dehydration, monoethylene glycol reclamation & regeneration, phase separation, and acid gas treatment & removal. The various advantages of processing & separation are anticipated to boost the demand for oilfield services over the next few years.

The growing number of deep-water exploration and production activities in the Gulf region is projected to fuel the demand for drilling fluids over the forecast period. In 2015, major companies such as Chevron, Petronas, Shell, Total, and YPF had announced plans to invest in E&P activities. However, macroeconomic factors such as inflation, falling oil prices, and the economic downturn had a negative impact on the oil production in various parts of Argentina, Brazil, and Venezuela.

Access Research Report of Oilfield Services Market@ www.grandviewresearch.com/industry-analysis/oilfield-service-market

Further key findings from the report suggest:

·       The global oilfield services market was valued at USD 103.26 billion in 2016 and is estimated to witness a CAGR of 3.4% from 2017 to 2025

·       The global demand for oilfield services in onshore applications was valued at USD 66.57 billion in 2016 and is anticipated to record a steady growth over the next eight years

·       Production emerged as the largest segment of the market, by service, in 2016 and is predicted to be valued at USD 29.57 billion by 2025

·       Seismic is anticipated to be the fastest growing segment of the market, by service, ascending at a CAGR of 4.2% over the next eight years

·       Asia Pacific is anticipated to progress at a CAGR of 4.8% over the forecast period. Growing concerns about the wellbore stability, well blowout, and extreme temperature operating conditions are expected to boost the demand for oilfield services in offshore and onshore regions in the coming years.

·       Key players of the market include Schlumberger Limited, Baker Hughes Incorporated, Archer Limited, Halliburton Company, and Weatherford International. These players often engage in research & development activities in order to expand their product portfolios and gain larger market shares.

Grand View Research has segmented the global oilfield services market on the basis of application, service, type, and region:

Application Outlook (Revenue, USD Billion; 2014 - 2025)

·         Onshore

·         Offshore

Service Outlook (Revenue, USD Billion; 2014 - 2025)

·         Workover & completion services

·         Production

·         Drilling services

·         Subsea services

·         Seismic services

·         Processing & separation services

·         Others

Type Outlook (Revenue, USD Billion; 2014 - 2025)

·         Equipment rental

·         Field operation

·         Analytical & consulting services

Regional Outlook (Revenue, USD Billion; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com