Washed Silica Sand Market worth $24 million by 2026

The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a CAGR of 5.4% from 2021 to 2026. The washed silica sand market is expected to witness significant growth in the coming years due to its increased demand across the construction, container glass, specialty glass, fiberglass, foundry, oil well cementing, and cosmetics industries.

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COVID-19 impact on global washed silica sand market

With the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020. The outbreak of COVID-19 in Wuhan, China, has spread across the major APAC, European, and North American countries, affecting the market for washed silica sand since most of the global companies have their headquarters in these countries. This impact of COVID-19 had caused disruption in the supply chain, which had slowed down the market growth due to lack of raw materials and unavailability of workforce.

Particle size 0.5mm ¨C 0.7mm is the largest segment for washed silica sand.

Based on particle size, 0.5mm -0.7mm is projected to be the largest segment in the washed silica sand market. Silica sand, in terms of particle size, is divided into three categories, which are less than 0.4 mm, 0.5 mm ¨C 0.7 mm, and more than 0.7mm. These particles fall under different categories of the U.S. standard sieve numbers ranging from 4 mesh to 200 mesh categories. The most common application of this particle size is in glassmaking. In order to be suitable for glassmaking, washed silica sand needs to pass a 30-mesh sieve, which is 0.59 mm granule size.

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Significant increase in the demand for washed silica sand in glass production

By Application, glass is projected to be the largest segment in the washed silica sand market. The demand is specifically witnessed for fiberglass, container glass, and specialty glass. Properties such as high strength and low weight make fiberglass and speciality glass preferable to be used in construction, automotive, solar, and wind energy industries. The growth of this segment can be attributed to the keen interest of contractors and builders to use washed silica sand to produce fiberglass for construction activities (as a construction and insulation material), especially in the emerging economies of APAC and South America. Further, the increasing demand for container glasses in pharmaceutical and other industries are expected to boost the market demand.

Protective Films Market by Class, Type, End-Use Industry and Region

The protective films market is projected to reach USD 17.57 Billion by 2022, at a CAGR of 6.23% from 2017 to 2022. The demand for protective films is rapidly increasing globally, as use of these films increases the shelf-life of products on which these are applied. This trend is observed in many end-use industries such as building &construction, transportation which include the automotive and aerospace sectors, electronics, packaging, and others, wherein the consumption of protective films is expected to see robust growth.

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New product launches, expansions, and mergers & acquisitions are the key growth strategies adopted by market players to maintain and enhance their positions in the protective films market. The growth of the protective films market can be attributed to the increased demand from the building and construction and transportation industries.

Major manufacturers of protective films, including Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (US), Chargeurs (France), DuPont (US), Arkema (France), Avery Dennison (US), Hitachi Chemical (Japan), Toray Industries, Inc. (Japan), and Polifilm Group (Germany) have been profiled in this report on the protective films market. These companies have adopted several strategies, such as new product launches, expansions, and acquisitions to strengthen their positions in the protective films market.

Nitto Denko Corporation (Japan) is one of the most active players in the protective films market. It develops various types of protective films based on different carrier materials such as polyolefin, PVC, and others and these films are applied on different substrates such as metals, plastics, aluminum panels, and others. These substrates are used in different end-use industries, such as electronics, building & construction, and transportation, among others. The company has adopted the acquisitions strategy during the past five years to enhance its position in the market. As a part of its strategy, in July 2016, Nitto Denko acquired the product line of functional films from Nolax Holding A.G (Switzerland) which are used in automotive side curtain airbags.

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Saint-Gobain (France) is another company that has established a strong foothold in the protective films market. Saint-Gobain markets two product lines, CHEMFILM and NORFILM protective films, catering to a wide range of industries. The company has adopted the acquisitions and new product launches strategies to further cement its status in the protective films market. As part of its strategy, the company acquired 100% equity capital of TekBond (Brazil).  TekBond is a supplier of adhesives, sealants, tapes, and masking tapes, which enabled Saint-Gobain expand its protective film business in Brazil.

Market Leader – Alpha Olefins Market

The alpha olefins market size is projected to reach USD 13,464.2 million by 2022 from USD 8,761.2 million in 2016, at a CAGR of 7.8%. The rising demand from the end-use industries such as plastics and automotive is driving the market of alpha olefins. Alpha olefins are used in the production of polyethylene. Thus, the increasing demand from the plastics industry for polyethylene production is expected to drive the market for alpha olefins.

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North America to account for the largest share of the global alpha olefins market during the forecast period

In this study, the alpha olefins market is segmented into five major regions, namely, Asia-Pacific, Europe, North America, Middle East Asia & Africa, and South America. North America is the largest market for alpha olefins.The region has a huge potential for the alpha olefins market as the region has a vast and varied industrial base. The growth in North America is mainly attributed to the continuous expansion of oil & gas and petrochemical infrastructure in the U.S., Canada, and Mexico. North America is considered as a potential investment hub for alpha olefins production by several domestic as well as foreign players because of its vast natural resources reserves. It houses some of the top regional players such as Chevron Phillips Chemical Company (U.S.) and ExxonMobil. (U.S.). The high growth in the region is likely to be backed by the increasing demand from the plastics industry coupled with the rising awareness of environment-friendly products.

Premium Insights –
    4.1 Growth Opportunities for the Alpha Olefins Manufacturers Between 2016 and 2022
    4.2 Global Alpha Olefins Market to Grow at A Steady Rate
    4.3 Asia-Pacific Aplha Olefins Market Scenario By Country and Application
    4.4 Leading Countries in the Alpha Olefins Market, 2017
   4.5 Alpha Olefins Market in 2017, By Application

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Key Questions Addressed by the Report

  • Who are the major market players in the alpha olefins market?
  • What are the regional growth trends and the largest revenue-generating regions for the alpha olefins market?
  • Which are the significant regions for different industries that are projected to witness remarkable growth for the alpha olefins market?
  • What are the major types of alpha olefins that are projected to gain maximum market revenue and share during the forecast period?
  • Which is the major type of source where alpha olefins are used that will be accounting for the majority of the revenue over the forecast period?

Benzoic Acid Market Worth 1,313.5 Million USD By 2023

The global benzoic acid market is projected to grow from an estimated USD 1009.9 million in 2018 to USD 1313.5 million by 2023, at a CAGR of 5.4% during the forecast period. Benzoic acid is a simple aromatic carboxylic acid. It is produced commercially through partial oxidation of toluene with oxygen. It is also found naturally in various plants. Benzoic acid is used as an intermediate product in the manufacturing of salts such as sodium benzoate, potassium benzoate, phenol, and alkyd resins, among others. Food & beverages, chemical, and pharmaceutical end-use industries use benzoic acid in various applications. The base year used for company profiles is 2017, and the forecast has been provided for the period between 2018 and 2023.

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Opportunities

  • Replacement of phthalate plasticizers with non-phthalate plasticizers in the European and North American regions

Challenges

  • Limited use of benzoic acid as a food preservative in developed economies
  • Fluctuating prices of toluene

Increasing Use of benzoic acid in food and beverage industry drives the global benzoic acid market

Benzoic acid is primarily used as a preservative in packaged food items & beverages. It is majorly used to preserve acidic food items & beverages such as pickles, jams, fruit juices, aerated drinks, and sparkling drinks, among others. The increased use of benzoic acid as a food preservative can be attributed to the fact that it does not alter or affect the odor or taste of the food items or drinks to which it is added. The growth of the food & beverages end-use industry segment of the benzoic acid market is also due to change in the consumer preferences for packaged food items & drinks, and increased per capita income of consumers.

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• Premium Insights –
    4.1 Significant Growth Opportunities In the Benzoic Acid Market
    4.2 Benzoic Acid Market, By Region
    4.3 Asia Pacific Benzoic Acid Market, By Country and Application
    4.4 Benzoic Acid Market, By Application and Region
    4.5 Benzoic Acid Market, By Country

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Will Construction Lubricants Market Ever Rule the World?

The construction lubricants market size is projected to reach USD 6.5 billion by 2026 from USD 5.6 billion in 2021, at a CAGR of 3.0%. Growing demand for construction industry is expected to support the growth of the construction lubricants market. However, huge investment in R&D and strict rules and technological advancement is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.

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ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Total Energies SE(France), China Petrochemical Corporation (Sinopec Corp), Chevron Corporation (US),  PetroChina Company Limited (China), FUCHS Petrolub SE (Germany), and Lukoil (Russia) are the major players in this market.

ExxonMobil Corporation is the largest publicly traded oil & gas company, which markets fuel and lubricants under four brands, namely, Esso, Exxon, Mobil, and ExxonMobil. The company operates through three business segments, namely, upstream, downstream, and chemical. The company operates in North America, Europe, APAC, the Middle East & Africa, and South America.

On February 2019, ExxonMobil Corporation expanded their business by setting up a lube blending plant in India.

Royal Dutch Shell plc commonly known as Shell, is an energy and petrochemical company. It is one of the world’s most valuable companies and one of the six oil & gas “supermajors.” The company operates through four segments, namely, integrated gas, upstream, oil products, and chemicals. The company operates in more than 70 countries of APAC, the Middle East & Africa, North America, Europe, and South America

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In October 2018, to remain competitive in the construction lubricants market, the company has made an agreement with Raizen (Brazil) for the downstream business segment, which, in turn, drives the construction lubricants business

BP Plc is an integrated oil & gas company. It offers various products such as crude oil, natural gas, aromatics & acetyls, asphalt, aviation and marine fuels, bitumen, petrochemicals, fuel cards, liquefied petroleum gas, marine fuel, oils & lubricants, photovoltaic solar electric products & systems, polymers, purified terephthalic acid, paraxylene, acetic acid, ethylene, propylene, solvents, and industrial chemicals. It has operations in APAC, Europe, the Middle East & Africa, North America, and South America.

BP Plc. Is currently focused on delivering reliable solutions to the customers. Their new strategy consists of three focus areas which are low carbon electricity and energy, convenience and mobility, resilient and focused hydrocarbons. They aim to be an advanced energy company till 2030 by investing in low-carbon and focusing majorly on oil & gas production.

This Week’s Top Stories About Expanded Polystyrene Market

The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period. The major driving factors in the EPS market are the growing construction and packaging industries in the developing countries.

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The major EPS vendors include Wuxi Xingda (China), Synthos (Poland), BASF (Germany), Total (France), SUNPOR KUNSTSTOFF (Austria), The Ravago Group (Belgium), Alpek (Mexico), VERSALIS (Italy), Nova Chemicals (US), Flint Hills Resources (US), PJSC SIBUR HOLDING (Russia), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Kaneka Corporation (Japan), Atlas Roofing Corporation (US), BEWiSynbra Group (Sweden), Brødr. Sunde A/S (Norway), Nexkemia Petrochemicals (Canada), and Unipol Holland (Netherlands). These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, new product launches, and partnerships & agreements to further expand their presence in the global EPS market. Mergers & acquisitions and investments & expansions have been the most dominating strategy adopted by major players from 2015 to 2018, which help them innovate on their offerings and broaden their customer base.

In line with the rising demand for EPS materials, Synthos has been working to deliver efficient EPS products to various end-use industries. The company manufactures chemical raw materials, rubber, and polystyrene for foaming applications. It is one of the leading producers of EPS in Europe. The company caters to various end-use industries such as tire & rubber, thermal insulation, construction chemicals, packaging, wood & furniture, and paper. It offers EPS through its Styrenopochodne business segment. In August 2016, Synthos acquired the EPS business of INEOS Styrenics European Holding BV (Switzerland). Through this acquisition, the company accelerated its growth and offered access to expanded technologies and an enhanced product portfolio to the customers of both companies.

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BASF is a leading chemical company that offers a range of chemicals and intermediate solutions. The company operates through five business segments, namely, chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. It offers EPS under its functional materials & solutions business segment. The company has a strong customer base and operates in Europe, APAC, North America, and South America, and the Middle East & Africa. In June 2018, the company made investment and announced that it is increasing its global production capacity for Neopor by 40,000 metric tons per year. At the Ulsan site in Korea, BASF will switch the plant’s 85,000 metric tons capacity from white EPS Styropor to the improved insulation raw material grey Neopor EPS by 2018. This will allow the company to meet the growing demand for the grey material in the Asian market.

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Key players adopted the strategy of new product launches and expansions to increase their product portfolio in Biodegradable Plastics Market: Latest Update

The biodegradable plastics market size is expected to reach USD 6.12 billion by 2023 from USD 3.02 billion in 2018, at a CAGR of 15.1%. The increasing consumer demand for eco-friendly food packaging is shifting the focus of major plastic manufacturers and packaging companies on biodegradable plastics.

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New product launches and mergers, acquisitions & partnerships were key strategies adopted by industry players to gain traction in the biodegradable plastics market. Both the strategies accounted for a share of 92% of all growth strategies adopted by the market players from 2013 to 2018. Leading market players have adopted mergers, acquisitions & partnerships as their primary growth strategy. Companies operating in this market also adopted the strategy of new product launches and expansions to increase their product portfolio.

APAC, North America, and Europe were the most active regions, in terms of strategic initiatives undertaken from 2013 to 2018. Mergers, acquisitions & partnerships was the most adopted strategy in APAC and Europe. Companies such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK) made several partnerships to serve customers more efficiently and increase their market shares. These companies have adopted both organic and inorganic growth strategies such as expansions, mergers, acquisitions & partnerships, and new product launches to strengthen their foothold in the biodegradable plastics market.

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NatureWorks is among the leading advanced materials companies and offers a broad portfolio of renewably-sourced polymers and chemicals for the packaging and chemical industries. The company offers Ingeo Biopolymer, which is used in 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications. It operates in North America, Europe, and APAC with manufacturing facilities in the US. NatureWorks focuses on organic growth strategies to achieve a competitive advantage over other manufacturers. For instance, in 2017, the company signed a contract to license Planica’s Opt pure (UK) chemical processing technology for the production of D-lactic acid. This helped the company produce D-lactic acid at lower costs, for a further range of performance Ingeo PLA grades. This investment is a long-term strategy of the company to lead the market with cost-effective and functional biopolymers. This expansion helped NatureWorks strengthen its biodegradable plastics product portfolio and maintain its leading position in the biodegradable plastics market.

BASF SE is a diversified chemical company. Its portfolio includes chemicals, functional & material solutions, performance products, agricultural solutions, and oil & gas, among others. The company operates in six business segments, namely, oil & gas, performance products, chemicals, functional materials & solutions, agricultural solutions, and others. It offers biodegradable plastics through the performance products business segment. The company focusses on organic growth strategies such as new product launches to meet the growing demand for biodegradable plastics. For instance, in 2013, BASF SE expanded its range of compostable and partially bio-based plastic, Ecovio by adding two new variants, namely, Ecovio T2308 and Ecovio IS1335. Ecovio T2308 can be processed through thermoforming, whereas, Ecovio IS1335 grade can be injection molded. These new biodegradable plastics helped the company expand its product used in the packaging & bags industry.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.

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