Bulk chemicals are also known as commodity chemicals, and are manufactured on a large scale to serve as intermediates or feedstock for a host of downstream and specialty chemicals. They are primarily price driven and are charact ....see more
The microcrystalline cellulose (MCC) market is expected to grow from USD 938 million in 2019 to USD 1,315 million by 2024, at a compound annual growth rate (CAGR) of 7.0%, during the forecast period.Key players operating in the MCC market are DuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany), among others.
The Zinc Oxide Market is expected to grow from USD 4.4 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 5.4% during the forecast period. The key players in the zinc oxide market are US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India)
The polyglycolic acid market is expected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co, .Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US) are the key players operating in the polyglycolic acid market.
The industrial lubricants market is expected to grow from USD 62.8 billion in 2019 to USD 73.3 billion by 2024, at a compound annual growth rate (CAGR) of 3.1%. during the forecast period.The key market players profiled in the report include Royal Dutch Shell (the Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co., Ltd. (Japan), and others.
The Glyoxal Market is expected to grow from USD 265 million in 2019 to USD 326 million by 2024, at a CAGR of 4.3% during the forecast period. BASF SE (Germany), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), WeylChem International GmbH (Germany) and Haihang Group (China) are some of the leading players with a substantial glyoxal market share in 2018. Investment & expansion and merger & acquisition were the major growth strategies adopted by the market players between 2014 and 2018 to enhance their regional footprint and meet the growing demand for Glyoxal in the emerging economies.
The calcium carbonate market size is projected to grow from USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0%. The growth of the calcium carbonate market can be attributed to the increased usage as a filler in the paper industry as a replacement for fibers, talc, and kaolin because of its lower price.calcium carbonate market are Imerys (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Mississippi Lime Company (US), Carmeuse (Belgium), Sibelco (Belgium), Midwest Calcium Carbonate (US), Calcinor SA (Spain),
The propanol market size is estimated at USD 3.5 billion in 2018 and is projected to reach USD 4.2 billion by 2023, at a CAGR of 4.0%. The propanol market is majorly driven by the household & personal care and pharmaceutical applications in APAC, mainly from India, China, Japan, South Korea, and Southeast Asian countries. Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), BASF SE (Germany), The Dow Chemical Company (US), LG Chem Ltd. (South Korea), Sasol Limited (South Africa), Eastman Chemical Company (US), Tokuyama Corporation (Japan), LCY Chemical Corp. (Taiwan), JXTG Holdings, Inc. (Japan), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), and OXEA GmbH (Germany)
The synthetic lubricants market size is estimated to be USD 32.2 billion in 2018 and is projected reach USD 37.3 billion by 2023, at a CAGR of 3.0%, between 2018 and 2023. The growing automotive industry and industrialization across the globe are driving the global synthetic lubricants market. Enforcement of environmental regulations on the automotive sector to reduce carbon emission is expected to boost the sale of synthetic lubricants and create various opportunities for synthetic lubricant manufacturers. The consumption of synthetic lubricants is increasing due to their properties, such as water solubility, high viscosity indexes, and bio-degradability. High cost is a major restraint observed in the synthetic lubricants market.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum PLC ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023. Rising demand and adoption of green chemistry in organic synthesis is the major factor driving the growth of the phase transfer catalyst market across the globe.SACHEM Inc. (US), Tokyo Chemical Industry Co., Ltd. (Japan), Nippon Chemical Industrial Co., Ltd. (Japan), Dishman Group (India), PAT IMPEX (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), Central Drug House (P) Ltd. (India), Pacific Organics Private Limited (India), Otto Chemie Pvt. Ltd. (India), and Volant-Chem Corp. (China) are the key players operating in the phase transfer catalyst market
The compressor oil market size is estimated to be USD 10.1 billion in 2018 and is projected reach USD 13.2 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Compressor oils are mixtures of base oils and additives. The additives help enhance, add, or suppress unwanted properties of the base oil. They are usually produced in a liquid or semi-solid state. Compressor oils are utilized to reduce friction between moving surfaces of the compressor. In addition, compressor oils help reduce wear and tear of machinery and prevent overheating and corrosion, which increases the efficiency of the machine. The growing end-use industries such as oil & gas, general manufacturing, and chemical & petrochemical drive the demand for compressor oil. On the other hand, technological advancement and oil rejuvenation are restraining the market growth.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum Plc ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The global succinic acid market is estimated to be USD 132 million in 2018 and is projected to reach USD 183 million by 2023, at a CAGR of 6.8%. The growth in the food & beverage, industrial, and pharmaceutical industries is expected to drive the market.
The fly ash market is estimated to grow from USD 3.4 billion in 2018 to USD 4.5 billion by 2023, at a CAGR of 6.0%. The fly ash market has been growing owing to the growth in the construction industry, increasing focus on infrastructure and road paving, problems related to dumping fly ash, promotion of fly ash by governments of various countries, and increasing focus on the use of environment-friendly products.Key players in the market include Boral Limited (Australia), CEMEX S.A.B. de C.V. (Mexico), Lafarge North America Inc. (US), Charah Inc. (US), Separation Technologies LLC (US), Aggregate Industries (UK), FlyAshDirect (US), Salt River Materials Group (US), and Ashtech (India) Pvt. Ltd. (India).
The paper pigments market is estimated to be USD 13.52 billion in 2018 and is projected to reach USD 17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023. The high demand for paper in emerging countries is leading to the increasing consumption of paper. Despite the increasing use of electronic devices and e-publishing, both, the demand for coated as well as uncoated paper is projected to drive the paper pigments market.Companies such as Omya (Switzerland), Imerys (France), Minerals Technologies (US), BASF (Germany), Ashapura Group (India), Huber (US), Kemira Oyj (Finland), Chemours (US), Thiele Kaolin Company (US), and KaMin/CADAM (US), have adopted various developmental strategies, such as mergers & acquisitions, agreements, partnerships & joint ventures, and investments & expansions to enhance their footholds in the market.
The Purified Terephthalic Acid (PTA) market is projected to grow from USD 48.14 Billion in 2018 to USD 61.78 Billion by 2023, at a CAGR of 5.1% during the forecast period. Purified terephthalic acid is used to manufacture polyester resins, such as polyester fiber & yarn, PET, and polyester films. It is also used to manufacture various chemical intermediates, such as liquid crystal polymers, cyclohexane dimethanol, and polytrimethylene terephthalate. Key players operating in the purified terephthalic acid market include Reliance Industries Limited (India), Sinopec Corporation (China), British Petroleum (UK), Indorama Ventures Public Company (Thailand), and SABIC (Saudi Arabia).
The sodium silicate market size was estimated to be USD 8.91 Billion in 2017 and projected to reach USD 11.03 Billion by 2022, registering a CAGR of 4.4% between 2017 and 2022. The growing demand for detergents globally and rising demand for precipitated silica from the rubber & tire industry are expected to be the major drivers for the global sodium silicate market during the forecast period. The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).
The benzoic acid market is projected to grow from USD 1,009.9 Million in 2018 to USD 1,313.5 Million by 2023, at a CAGR of 5.4% from 2018 to 2023. Benzoic acid is extensively used to manufacture sodium benzoate and potassium benzoate which are also known as its derivatives.Key players operating in the benzoic acid market include Emerald Performance Materials (US), Wuhan Youji Industries Co. (China), Tianjin Dongda Chemical Group (China), and Liao Ning Huayi Chemical Industry & Commerce Co. (China), among others. These companies focus on investing in capacity expansions of plants to achieve growth in the benzoic acid market.
The Tetrahydrofuran (THF) market was valued at USD 2.77 Billion in 2016 and is projected to reach USD 4.12 Billion by 2022, at a CAGR of 6.9% during the forecast period from 2017 to 2022. The growing demand for spandex fibers and polyurethane across the globe is driving the growth of the THF market. The key players operating in the THF market are BASF (Germany), Dairen Chemical (Taiwan), Ashland (US), INVISTA (US), Mitsubishi Chemical (Japan), LyondellBasell (the Netherlands), Sipchem (Saudi Arabia), Penn A Kem (US), Nova Molecular Technologies (US), and BioAmber (US), among others. These companies have adopted various dynamic business strategies to strengthen their position in the THF market.
The anhydrous aluminum chloride market is projected to grow from USD 772.8 Million in 2017 to USD 948.6 Million by 2022, at a CAGR of 4.19% during the forecast period. This growth can be attributed to the increasing use of anhydrous aluminum chloride as a catalyst in the chemical industry for various applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, and hydrocarbon resins. Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan) are some of the key market players operating in the anhydrous aluminum chloride market.
The itaconic acid market is projected to grow from USD 83.8 Million in 2017 to USD 102.3 Million by 2022, at a CAGR of 4.1% from 2017 to 2022. The increasing demand for bio-based unsaturated polyester resin and its non-toxic properties are fueling the growth of the itaconic acid market across the globe. Itaconix Corporation (UK), Qingdao Langyatai (China), Zhejiang Guoguang (China), Alpha Chemika (India), Shandong Kaison (China), Jinan Huaming (China), Iwata Chemical (Japan), Aekyung Petrochemical (South Korea), Ronas Chemical (China), and Chengdu Jinkai (China), among others, are some of the leading players operating in the itaconic acid market. These companies have adopted various organic and inorganic growth strategies, such as agreements, acquisitions, expansions, and joint ventures to increase their global presence and enhance their position in the itaconic acid market.
The global Methyl Tertiary Butyl Ether (MTBE) market was valued at USD 14.33 Billion in 2016 and projected to reach USD 18.99 Billion by 2022, at a CAGR of 4.8% during the forecast period. The use of MTBE as oxygenate is rising rapidly in Asian and Middle Eastern & African countries due to environmental restrictions to curb air pollution. Furthermore, MTBE producers are extensively involved in expansions and acquisitions to secure their positions in the MTBE market. Some of the leading producers of MTBE are SABIC (Saudi Arabia), Evonik (Germany), China National Petroleum Corporation (China), Huntsman International (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), Emirates National Oil Company (UAE), and Qafac (QATAR). These players adopted various organic and inorganic developmental strategies between 2013 and 2017.
The LLDPE market is estimated to be USD 51.89 Billion in 2017 and is projected to reach USD 67.83 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022. Rising concerns pertaining to plastic disposal are acting as a restraint to the growth of the LLDPE market. Sinopec (China), LyondellBasell (Netherlands), Exxon Mobil (US), SABIC (Saudi Arabia), The Dow Chemical Company (US), Borealis (Austria), Formosa Plastics (Taiwan), INEOS (Switzerland), and Westlake Chemical (US) are leading players operating in the LLDPE market.
The acetaldehyde market is estimated at USD 1.33 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 6.24% during the forecast period. This growth can be attributed to the increasing demand for acetaldehyde in the water treatment application. In addition, the demand for high-quality derivatives in emerging economies is another significant factor contributing to the growth of the acetaldehyde market.Celanese (US), Eastman (US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko (Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY Chemical (Taiwan), and Ashok Alco-chem (India) are the leading players in the acetaldehyde market.
The global iodine market is estimated at USD 832.1 Million in 2017 and is projected to reach USD 1,041.0 Million by 2022, at a CAGR of 4.58% between 2017 and 2022. The market is witnessing growth due to the increasing use of iodine in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and use in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine. Iodine manufacturers such as Sociedad Química y Minera (SQM) (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), Algorta Norte SA (Chile), Nippoh Chemicals Co., Ltd (Japan), Kanto Natural Gas Development Co., Ltd (Japan), Toho Earthtech Co., Ltd (Japan), and Godo Shigen Co., Ltd (Japan) are covered in the report.
The monochloroacetic acid (MCA) market is estimated at USD 762.6 Million in 2017 and is projected to reach USD 908.9 Million by 2022, at a CAGR of 3.6% between 2017 and 2022. The growth of the market is driven by the increasing demand of MCA for the production of CMC, agrochemicals, and surfactants, which are used in the building & construction, food & beverage, pharmaceutical, agriculture, and oil & gas industries. In addition, rising GDP, growing disposable income, and rapid urbanization in developing countries have also contributed to the demand for MCA, globally. Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Joint venture and acquisition were the major growth strategies adopted by the market players between 2014 and 2017 to cater to the demand for MCA in emerging economies.
The MEG market is estimated at USD 24.41 Billion in 2017 and is projected to reach USD 30.40 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The MEG market is expected to be driven by the increasing need for MEG in the production of PET and polyester. Polyester is mainly used in the textile end-use industry. PET application is growing in packaging end-use industry which is growing at a very high growth rate. Increasing dispensable income of the population across the world has propelled the growth of packaging end-use industry in turn fueling the growth in PET application in MEG market. The key players operating in the MEG market are SABIC (Saudi Arabia), Formosa (Taiwan), Dow (US), BASF SE (Germany), MEGlobal (UAE), Sinopec (China), Shell (Netherlands), Reliance (India), and SIBUR (Russia). These companies undertake dynamic business strategies that propel the growth of the MEG market.
The global naphthalene derivatives market is estimated at USD 1.53 Billion in 2017 and is projected to reach USD 1.85 Billion by 2022, at a CAGR of 3.8% between 2017 and 2022. Koppers (US), BASF (Germany), Rütgers (Belgium), Evonik (Germany), and Cromogenia Units (Spain) lead the global naphthalene derivatives market. These players are gaining a strong foothold in the market through their strategies of agreement & joint ventures to regenerate the trailing growth.
The market size for oxygenated solvents is estimated to grow from USD 22.28 Billion in 2017 to USD 32.27 Billion by 2022, at a CAGR of 7.8%. The growth is driven by the increased demand from applications such as paints & coatings, pharmaceuticals, lubricants, crop protection, and personal care. Key companies profiled in this research report on the oxygenated solvents market include BASF (Germany), The Dow Chemical Company (U.S.), OXEA (Germany), Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), LyondellBasell (Netherlands), Eastman Chemical Company (U.S.), SINOPEC (China), and Petronas (Malaysia).
The synthetic quartz market was valued at USD 68.6 Million in 2016, and is projected to reach USD 95.0 Million by 2022, at a CAGR of 5.6% from 2017 to 2022. The market for synthetic quartz is largely driven by the growth of the electronics industry. In addition, the growing demand for smartphones and connected devices, increasing adoption of 4G and LTE networks, and rising demand for advanced electronic devices and equipment from the healthcare industry are fueling the market growth. The key players operating in the synthetic quartz market are NIHON DEMPA KOGYO (Japan), Shin-Etsu (Japan), Seiko Epson (Japan), Murata Manufacturing (Japan), Kyocera (Japan), and TXC Corporation (Taiwan).
The global organic peroxide market was valued at USD 868.0 Million in 2016 and is projected to reach USD 1,069.1 Million by 2022, at a CAGR of 3.4% between 2017 and 2022. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022. Key companies profiled in the global organic peroxide market research report include Akzo Nobel N.V., Arkema, United Initiators, Pergan GmbH, NOF Corporation, Novichem, Chinasun Specialty Chemicals Co., Ltd., MPI Chemie B.V., Akpa Kimya Ambalaj Sanayi Ticaret Ltd., and Vanderbilts Chemicals LLC.
The concentrated nitric acid market was valued at USD 21.11 Billion in 2016 and is projected to reach USD 25.24 Billion by 2022, at a CAGR of 3.1% during the forecast period. The key companies operating in the concentrated nitric acid market are Agrium Inc. (Canada), CF Industries (US), Deepak Fertilisers and Petrochemicals Corp. Ltd. (India), Hanwha Corporation (South Korea), Koch Fertilizers LLC (US), LSB Industries Inc. (US), National Chemical Group (Russia), OCI N.V. (Netherlands), Shandong Fengyuan Chemical Stock Co. Ltd. (China), Ube Industries (Japan), and Yara International (Norway).
The industrial salt market was valued at USD 12.70 Billion in 2016 and is projected to reach USD 14.93 Billion by 2022, at a CAGR of 2.8% from 2017 to 2022. Key companies profiled in this research report include K+S AG (Germany), Cargill, Inc. (US), Compass Minerals America Inc. (US), China National Salt Industry Co. (China), Tata Chemicals Ltd. (India), Mitsui & Co. Ltd. (Japan), Rio Tinto Group (UK), COMPAGNIE DES SALINS DU MIDI ET SALINES DE L'EST (France), Dominion Salt Ltd. (New Zealand), and Exportadora de Sal de C.V. (Mexico).
The gear oil market was valued at USD 7.32 Billion in 2016 and is projected to reach USD 8.58 Billion by 2022, at a CAGR of 2.69% from 2017 to 2022. In terms of volume, the market is projected to reach 2,496.0 kilotons by 2022, at a CAGR of 2.13% during the forecast period. The massive industrial growth in the Middle East & Africa and Asia-Pacific regions, coupled with the rising demand for gear oils from the automotive and power industries are key factors driving the growth of the gear oil market during the forecast period.
The global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. Steel, automotive, and aerospace are the key end-use industries of graphite-based products. However, graphite-based composites are also being used in other industries, including marine, sporting goods, pipes & tanks, and construction.
The global glycerin market was valued at USD 2.19 Billion in 2015 and is projected to reach USD 3.12 Billion by 2021, at a CAGR of 6.8% from 2016 and 2021. In this study, 2014 has been considered the historical year, 2015 the base year, and 2016–2021 the forecast period to estimate the market size of glycerin.
The mining lubricants market was valued at USD 1.95 Billion in 2016, and is projected to reach USD 2.56 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The growth of the mining lubricants market is driven by the increasing demand from the Asia-Pacific region and growing end use industries such as coal and iron ore mining. The mining industry in Asia-Pacific and the Middle East is growing rapidly, which in turn is fueling the growth of mining lubricants market.
The global cenospheres market was valued at USD 346.8 Million in 2016 and is projected to reach USD 689.2 Million by 2022, at a CAGR of 12.16% from 2017 to 2022. The growing demand from the oil & gas, construction, and refractory end-use industries and superior structural properties are key factors expected to drive the global cenospheres market.
The global transmission fluids market is estimated to be valued at USD 6.88 Billion in 2016, and is projected to reach USD 8.43 Billion by 2021, at a CAGR of 4.1% during the forecast period. The growth rate of the market in the next five years is projected to be steady in North America and Europe, while it is projected to grow the highest in the Asia-Pacific region and the Middle East & Africa.
The toluene market is projected to reach USD 23.41 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021. The market is expected to be driven by the growing end-user base of toluene and its derivatives in various industries such as, building & construction, automotive, oil & gas, and consumer appliances, among others. The growing petrochemical industry in the Asia-Pacific region countries such as India, Taiwan, and Thailand has also opened new markets for toluene.
The metal biocides market is estimated to grow from USD 2.63 Billion in 2015 to USD 3.49 Billion by 2021, at a CAGR of 4.8%, in terms of value. The market is driven by the rapid growth in key end-use industries such as, paints & coatings, medical, and foods & beverages.
The global phenol derivatives market is projected to be valued at USD 19.78 Billion by 2026, at a CAGR of 4.6% from 2016 to 2026. In this study, 2015 has been considered the base year and 2016 to 2026, the forecast period, to estimate the global market of phenol derivatives. The growing demand in the Asia-Pacific, coupled with the growing demand for automotive and electronics goods, is expected to drive the global phenol derivatives market during the forecast period.
The global industrial hydrogen peroxide market was valued at USD 2.38 Billion in 2015, and is projected to reach USD 4.28 Billion by 2026, at a CAGR of 5.53%, from 2016 to 2026. The base year considered for the study is 2015, while the forecast period is from 2016 to 2026.Industrial hydrogen peroxide products find usage in several end-use industries such as, pulp & paper, chemical synthesis, healthcare & personal care, food processing, textile, water & wastewater treatment, electronics & semiconductor and others (mining and metallurgy, transportation and recycling).
The global phosphate market was USD 68.51 Billion in 2016, and is projected to reach USD 75.17 Billion by 2021, at a CAGR of 1.9% during the forecast period. Global focus on increasing agricultural output and increasing demand for phosphate from the foods & beverages industry is expected drive the market during the forecast period.
The market size of polyolefins (PO) is estimated to reach USD 297.09 Billion by 2021, at a CAGR of 7.82% during the forecast period. The market is driven by increasing demand from the plastic, packaging, building & construction, and transportation end-use industries. The need for PO is backed by increasing demand for plastic products in film & sheet, injection molding, extrusion coating, blow molding, and other applications.
The market size of shotcrete/sprayed concrete is projected to reach USD 8.30 Billion by 2021, at a CAGR of 8.0%. Rapid developments in technology and raw materials, economic and technical efficiency of shotcrete, increase in underground constructions activities such as mining and tunneling are the key drivers for the growing shotcrete demand.
The global polymer filler market is estimated to reach USD 53.10 Billion by 2020, registering a CAGR of 3.3% between 2015 and 2020. The rising demand of organic fillers such as natural fibers, wood flour, and hemp has forced automotive, construction, and packaging industries of various countries to initiate the use of polymer fillers. High-quality optical properties, improved impact strength, and ability to replace expensive plastic resins make it the preferred material for various applications.
The global acrylic acid market is estimated to reach USD 13.21 Billion by 2020, registering a CAGR of 5.2% between 2015 and 2020. The market is driven by increasing demand for acrylic acid in emerging markets and high demand from the surface coatings and diaper application segments. The acrylic acid industry is mainly characterized by three main derivatives, namely, acrylic esters, acrylic polymers, and other derivatives, which include polycyanoacrylate and ammonium polyacrylate.
The global high purity alumina (HPA) market was valued at USD 1.73 Billion in 2014, and is projected to reach USD 5.09 Billion by 2020, at a CAGR of 20.1% from 2015 to 2020. Increase in demand of HPA in varied applications, such as LED, semiconductor, phosphor, and sapphire, among others is fueling the growth of this market.
The market size of magnetic materials is estimated to have been USD 55.52 Billion in 2014, and is projected to reach USD 96.00 Billion by 2020, at a CAGR of 9.6% between 2015 and 2020. In this report, 2014 is considered as the base year and forecast period is 2015–2020. The global magnetic materials market has been segmented on the basis of type, application, and region.
The global silica fume market was valued at USD 430.87 Million in 2014, and is projected to grow at a CAGR of about 4.22% between 2015 and 2020 to reach USD 563.09 Million by 2020. The global silica fume market has been witnessing substantial growth in the past few years. Silica fume is added to concrete, which is used in the building and construction industry. There has been an increase in demand for silica fume from this industry, as it provides high corrosion resistance, high strength, and durability. There is a high demand for silica fume in Middle East & Africa and Asia-Pacific, where it is used in the construction of metro-lines, tunnels, and high-rise buildings. Another driver of the market is the increasing demand of silicon in the solar industry, as production of silica fume (a by-product of the silicon smelting process) is tied to silicon production.
The market size of phosphorus & derivatives is projected to reach USD 75.9 Billion by 2020 from USD 61.9 Billion in 2014, at a CAGR of 3.5% between 2015 and 2020. The high growth of the industry is mainly due to increase in demand from application industries such as fertilizers, detergent, the food industry, water treatment chemicals, metal finishing, and flame retardants material.