LPG Vaporizer Market Expected to Witness a CAGR of 2.8% through 2025

The North America, Europe, and Africa LPG vaporizer market size is expected to reach USD 1.37 billion by 2025, according to a new report by Grand View Research, Inc. The regional markets together are anticipated to witness a CAGR of 2.8% over the forecast period. Increasing demand for the equipment for efficient vaporization particularly in industrial applications is expected to have a positive impact on the market growth.

The LPG vaporizer market in North America, Europe, and Africa is characterized by the presence of major industry participants catering to various industrial, commercial, and agricultural applications. The North American market comprises several manufacturing companies with widespread distribution network around the world. The market is majorly driven by commercial applications of liquefied petroleum gas which includes hotels, resorts, and restaurants.

The regulatory trends observed by industry participants are primarily in terms of manufacturing codes or policies by several governing bodies including the National Fire Protection Association (NFPA) and American Society of Mechanical Engineers (ASME). Owing to the local regulations and safety concerns, the usage of underground storage tanks has been widespread. These tanks generally utilize the vaporizers, since underground tanks cannot absorb heat during natural vaporization from its surroundings.

Electric vaporizer was the dominant product segment in 2017 amounting for over 39% of the market share in terms of value in North America. Ability of the equipment to reach around 80% efficiency along with varied utilization in multiple industries has led to high penetration in the region.

The Europe direct-fired vaporizer market is expected to register a growth rate of 2.3% over the projected period. The most significant advantage of this product category is the utilization of LPG as the source of energy which makes it cost effective and preferred choice for small-scale applications.

Access Research Report of LPG Vaporizer Market@ https://www.grandviewresearch.com/industry-analysis/lpg-vaporizer-market

Further key findings from the report suggest:

·       Medium capacity equipment-ranging from 168 to 455 gal/hr-accounted for the highest share in terms of value in most countries. The segment is expected to exceed USD 21 million by 2025 in Africa

·       Industrial was the largest and fastest growing application segment in the market, while accounting for over 68% of the total market share in terms of revenue in 2017 in Germany

·       U.S. emerged as the major contributing country for North America in 2017 and accounted for over 76% of total regional market share in terms of revenue

·       Some of the major companies manufacturing and distributing the equipment in the North America, Europe, and Africa LPG vaporizer market include Standby Systems Inc., Algas-SDI, Pegoraro Gas Technologies Srl, and Ransome Gas Industries Inc.

Grand View Research has segmented the North America, Europe, and Africa LPG vaporizer market on the basis of product, capacity, end use, and region:

LPG Vaporizer Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Direct Fired

·         Electric

·         Steam Bath

LPG Vaporizer Capacity Outlook (Revenue, USD Million, 2014 - 2025)

·         40-160 gal/hr

·         168-455 gal/hr

·         555-1005 gal/hr

·         >1000 gal/hr

LPG Vaporizer End-use Outlook (Revenue, USD Million, 2014 - 2025)

·         Industrial

·         Commercial

·         Agriculture

·         Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         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

Refrigerant Market is Projected to Boost $30.37 Billion by 2025

The global refrigerant market size is expected to reach USD 30.37 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving market growth. 

Regulations across EU, Japan, China, and U.S. have prompted consumers to shift toward hydrocarbon and inorganic refrigerants, with its demand predicted to increase drastically over the forecast period. The fluorocarbons segment accounted for over 50% of the overall consumption in 2016.

Inorganics emerged as the second-largest product segment in terms of revenue. Thermal efficiency of the product has enabled its penetration across industrial applications. Low cost, easy availability, and eco-friendly characteristics are key factors boosting its demand in industrial areas.

The Asia Pacific market for refrigerants has reported strong demand in recent times. Growth in industrial activity and productivity across China and India will continue to spur demand for refrigeration across residential, industrial, and commercial sectors. China represented more than one fifth of the global consumption in 2016.

Companies are constantly striving to consolidate their presence through product development, regional expansions, and application diversification strategies. Innovative and cost-effective products that meet both end-user specifications and regulatory standards are key determinants for competitive edge.

Access Research Report of Refrigerant Market@ www.grandviewresearch.com/industry-analysis/refrigerant-market

Further key findings from the report suggest:

·       The global refrigerant demand was estimated at 1.73 million tons in 2016 and is expected to rise at a CAGR of 5.4% from 2017 to 2025

·       The United Nations Framework Convention on Climate Change has played a pivotal role in regulating the use of refrigerant products and has compelled industry participants to develop alternative sources

·       Europe is the second largest consumer, with the mobile air conditioning, industrial, and commercial refrigeration sectors exhibiting strong demand. A standard environmental policy across EU has impelled regional manufacturers to invest extensively in R&D

·       The hydrocarbon refrigerant segment is expected to witness a CAGR of 8.9% in terms of volume over the forecast period. Energy efficiency, low cost, and ecofriendly nature of the product are key traits positively influencing demand

·       Domestic refrigeration is estimated to emerge as the most promising segment in terms of volume, exhibiting a CAGR of 6.2% over the forecast period

·       Some of the key players in the market are Honeywell International, Daikin Industries Limited, Arkema S.A., Linde Group, and The Chemours Company.

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

Refrigerant Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         Fluorocarbon

·         Hydrocarbon

·         Inorganic

·         Others

Refrigerant Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         Industrial Refrigeration

·         Domestic Refrigeration

·         Transport Refrigeration

·         Commercial Refrigeration

·         Stationary Air Conditioning, Chillers & Heat Pumps

·         Mobile Air Conditioning

Refrigerant Regional Outlook (Volume, Kilo Tons; 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

Fat Replacers Market Is Projected To Reach Approximately USD 2.79 Billion By 2025

The Report Fat Replacers Market Analysis By Product (Carbohydrate, Protein, Fat), By Application (Bakery & Confectioneries, Dairy & Frozen Desserts, Beverages, Processed Meat, Dressings, Margarines & Spreads, Convenience Foods), And Segment Forecasts, 2018 – 2025

The global fat replacers market is anticipated to reach USD 2.79 billion by 2025, according to a new report by Grand View Research, Inc. Growing food processing industry coupled with a trend of maintaining nutritionally balanced lifestyle is expected to augment market growth over the coming years.

The ability of the fat replacer to mimic the physical and chemical qualities of lipids, thereby, providing fewer calories per gram, has revolutionized the food & beverage processing industry. New product launches catering to the low-fat and skimmed products industry is anticipated to propel market growth.

Increasing occurrences of obesity, cancer, high blood cholesterol levels, and coronary heart diseases has urged consumers to shift to a low-calorie diet, thus complementing market demand. Regulatory support aimed at facilitating foreign direct investments in developing countries is expected to amplify food & beverage production, consequently, increasing demand for fat replacers.

Access Research Report of Fat Replacers Market@ www.grandviewresearch.com/industry-analysis/fat-replacers-market

Further Key Findings from the Study Suggest:

·       Investments in nutritional health food products across the world is expected to boost the demand for fat replacer

·       Carbohydrate-based fat replacer was the leading product segment in 2015 and is projected to grow at an estimated CAGR of 6.2% from 2016 to 2025, as they help retain moisture, texture, viscosity, and provide mouthfeel

·       Bakery & confectioneries segment occupied around 25% market share and is projected to witness fastest growth rate from 2016 to 2025

·       Increasing demand for low-fat jams, jellies, chocolates, pastries, biscuits, and cakes is anticipated to increase the demand for fat mimetic in the bakery & confectioneries segment

·       The Asia Pacific is market is expected to witness the fastest growth and hold largest market share by 2025, owing to increasing investments in the food & beverage manufacturing industry

·       The CSA and MEA regions are projected to growth at a high CAGR due to rapid developments in the food processing industry

·       Companies offer a broad range of products and solutions for application specific use. With growing health concerns, products are uniquely balanced in terms of carbohydrate content.

·       Companies operating in this market include Cargill Incorporated, FMC Corporation, Archer Daniels Midland Company, Ashland Global Holdings Inc., Kerry Group PLC., DKS Co Ltd., and Agritech Worldwide Inc.

Grand View Research has segmented the fat replacers market on the basis of product, application, and region:

Fat Replacers Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Carbohydrate based

·         Protein based

·         Fat based

Fat Replacers Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Bakery & confectioneries

·         Dairy & frozen desserts

·         Beverages

·         Processed meat

·         Dressings, margarines & spreads

·         Convenience foods

·         Others  

Fat Replacers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Middle East and Africa

·         Central & South 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

Plastic Compounding Market is Estimated To Expand at a CAGR of 6.7% through 2026

The Report Plastic Compounding Market Analysis By Product (Polyethylene, Polypropylene, TPV, TPO, PVC, Polystyrene, PET, PBT, Polyamide, Polycarbonate, ABS), By Application, And Segment Forecasts, 2018 - 2026

The global plastic compounding market is expected to reach USD 95.2 billion by 2026, according to a new report by Grand View Research, Inc. Introduction of rapid manufacturing techniques & advanced additive incorporation methodologies is expected to further drive adoption of lightweight, high-performance plastics for production of several consumer products.

Plastics present a sustainable and low cost alternative to metals, wood and even ceramic materials utilized in varied industries. Rapid industrialization and expansion of said industries, including automotive, construction and electronics, specifically in emerging economies, is likely to influence consumption patterns & enhance demand over the forecast period.

An increasing number of R&D activities undertaken by key market participants, such as the recent introduction of FDA compliant polycarbonate grades by SABIC for high temperature food contact applications, are expected to revolutionize the sector. Other companies are expected to follow in SABIC’s wake, adopting sustainable and compliant manufacturing techniques to meet transitioning regulatory standards.

Polypropylene (PP) emerged as the dominant product with over 32% of the volume share in 2016. The segment is also expected to grow at a high CAGR of around 5% from 2017 to 2026, on account of its high utilization in the ever-expanding automotive industry. High impact resistance, ease of serviceability and light weight make this the material of choice for forming crucial automotive components such as bumpers, chemical tanks, gas cans, and others.

Access Research Report of Plastic Compounding Market@ www.grandviewresearch.com/industry-analysis/plastic-compounding-market

Further key findings from the report suggest:

·       The global plastic compounding market exceeded 26 million tons in 2016 and is expected to grow at a CAGR of 5.2% from 2016 to 2026

·       Polyethylene (PE) emerged as one of the dominant products owing to its high demand in medical applications and special performance characteristics that make it ideal for niche applications such as bulletproof vests

·       Thermoplastic vulcanizates (TPV) are expected to remain the fastest growing products with over 9% CAGR, witnessing high growth in the automotive & industrial machinery segments

·       Automotive is expected to retain its dominance in the industry; however, industrial machinery is expected to overtake the segment in terms of CAGR. The latter is increasingly adopting lightweight and sustainable plastic materials in the form of fasteners, films, equipment components and others.

·       Asia Pacific is likely to remain the dominant region with rapid industrialization in economies such as India, Vietnam, Thailand, Malaysia and others. The region benefits from close geographical proximity to European consumer markets, low labor costs and vast skilled workforce among other factors.

·       The industry is highly fragmented in nature with over one-third of market share occupied by SMEs engaged in plastic compounding. Kingfa emerged as a major player, followed by LyondellBasell and others such as BASF, PolyOne Corporation, SABIC, DuPont, A. Schulman, Mitsubishi Chemical Corporation, Bayer, China XD, Mitsui Chemicals and others.

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

Plastic Compounding Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2026)

·         Polyethylene

·         Polypropylene

·         TPV

·         TPO

·         PVC

·         Polystyrene

·         PET

·         PBT

·         Polyamide

·         Polycarbonate

·         ABS

·         Others

Plastic Compounding Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2026)

·         Automotive

·         Construction

·         Electrical & Electronics

·         Packaging

·         Consumer Goods

·         Industrial Machinery

·         Medical Devices

·         Optical Media

·         Others

Plastic Compounding Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2026)

·         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