Global Market Analysis Report of Chemicals and Materials Industry

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Tuesday, 9 June 2020

00:23

Rapid Growth Expected in Global Chlorobenzene Market in Future

Chlorobenzene is widely used in the manufacturing of dyes and pigments, pharmaceuticals, pesticides, and numerous other organic chemicals. In recent times, there has been a massive surge in the utilization of chlorobenzene in the personal care and pharmaceutical sectors and this has significantly boosted the demand for this chemical across the world. In addition to this, chlorobenzene is extensively used in the chemical industry in the manufacturing of various other chemicals and this is further pushing the demand for this compound throughout the world.

 

Due to the above-mentioned factors, the global chlorobenzene market is predicted to register huge growth in the years to come. Chlorobenzene, which is also known as benzene chloride or phenyl chloride, is, basically, a colourless and aromatic organic compound. This chemical is produced by the chlorination of benzene in the presence of several catalysts and acids. The most commonly used types of chlorobenzene are paradichlorobenzene, hexachlorobenzene, tetrachlorobenzene, trichlorobenzene, orthodichlorobenzene, and monochlorobenzene.


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Monochlorobenzene is widely used for the manufacturing of nitrochlorobenzene and diphenyl oxide, which are, in turn, used for producing pigment and organic intermediates, dyes, rubber processing chemicals, pesticides, pharmaceuticals, and various other types of chemicals. Paradichlorobenzene is commonly used in the production of polyphenylene sulphide resin, room deodorants, and moth control, and it is also incorporated in high performance polymers. It is expected to observe rapid growth in usage over the next few years. Orthodichlorobenzene is widely used as a solvent in paint removers, toluene diisocyanate and deinking process, and engine cleaners.

 

Between the different types of chlorobenzene, nitrochlorobenzene has recorded large-scale usage in many chemical, pharmaceuticals, and paints and dyes applications in the last few years. A huge quantity of the total monochlorobenzene produced across the world, is used in the production of nitrochlorobenzene. Globally, the Asia-Pacific (APAC) region is predicted to record considerable growth in the adoption of chlorobenzene in various industrial and commercial applications in the coming years.

 

In the APAC region, Japan and China are expected to witness large-scale utilization of chlorobenzene and thus, observe huge progress in the chlorobenzene market, over the next few years. This is primarily attributed to the rising usage of chlorobenzene for producing polyphenylene sulfide resin and the increasing utilization of this chemical as a herbicide intermediate in these countries. China is currently the largest consumer and producer of chlorobenzene in the world and Japan is one of the leading producers of this chemical in the APAC region.

 

Therefore, it can concluded that due to the rising usage of chlorobenzene in many chemical, industrial, and pharmaceutical processes and in the manufacturing of dyes, pigments, deodorants, pesticides, and several personal care products, the demand for chlorobenzene will shoot-up across the world, especially in the various APAC countries such as Japan and China, in the coming years.

Monday, 8 June 2020

04:00

How is Growing Manufacturing Industry Driving Indian Metal Bonding Adhesives Market?

The manufacturing sector in India is growing at a rapid pace, and is majorly being driven by the increase in foreign direct investments. As per the India Brand Equity Foundation, the Indian manufacturing sector attained $91.2 billion during April 2000–June 2019. Several government initiatives, such as Make in India, are also resulting in the growth of the sector and opening up opportunities for manufacturing organizations and for the adoption of innovative industrial machinery. This expanding manufacturing sector is creating a rising requirement for metal bonding adhesives in the country, owing to their advantages.


While before, welded bonds and fasteners were preferred for binding different metal substrates, these days, adhesives designed specifically for metal bonding purposes are gaining traction. The utilization of these adhesives instead of traditional methods is cost efficient and further decreases the number of steps in assembly lines, thereby speeding up the overall process. In addition to this, metal bonding adhesives also allow relative movement of parts without affecting the integrity of the machine. Ascribed to these advantages, the Indian metal bonding adhesives market is predicted to attain a value of $343.6 million by 2030, rising from $198.9 million in 2019, growing at a 5.2% CAGR during the forecast period (2020–2030).


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Different types of metal bonding adhesives are rubber, epoxy, polyurethane, acrylic, anaerobic, and cyanoacrylate. Out of all these, the demand for epoxy-based adhesives was the highest in the past, and they are further predicted to be the most in demand in the coming years. This is because of the fact that epoxy adhesives exhibit more resistance to moisture, oil, extreme temperatures, stress, chemicals, and other solvents and are more compatible with different metals, such as stainless steel, aluminum, mild steel, copper, and zinc, as compared to other metal bonding adhesives.




















Metal bonding adhesives have various applications, such as construction, automotive, consumer appliances, industrial machinery, and industrial maintenance. Out of all these, the largest demand for these adhesives is projected to be created for applications in the automotive industry during the forecast period. Due to properties of metal bonding adhesives, such as non-flammability, shock resistance, chemical resistance, high bonding strength, and rapid curing speed, they are used extensively in the automotive industry. In addition to this, the swift growth of the automotive industry in the country is further driving the Indian metal bonding adhesives market.


Because of the advent of electric and autonomous cars, the focus on decreasing the weight of these vehicles has risen substantially. Electric cars need to be light in weight in order for them to operate efficiently, which is why manufacturers are increasing making use of metal bonding adhesives instead of nuts and bolts for joining different parts of cars. These adhesives allow electric vehicles to be economical, while increasing their aesthetic appeal.


In conclusion, the demand for metal bonding adhesives in India is growing due to the expanding manufacturing sector and increasing need for reducing the weight of vehicles. 

Friday, 5 June 2020

04:06

Which Sector Offers Most Lucrative Barium Nitrate Market Opportunities?

Be it Diwali, 4th of July, St Patrick’s Day, New Year’s eve, or a major cultural or sporting event, the use of fireworks is quite popular around the world. While the fireworks themselves have evolved since the time they were invented in China, some 2,000 years ago, their basic chemistry hasn’t. These displays involve the burning of a metals or alkali material, which produces the flame of a particular color. For instance, the color green is mostly imparted to such pyrotechnic displays by a salt called barium nitrate, represented by the chemical formula Ba(NO3)2.


Thus, with the increasing usage of fireworks around the world, the barium nitrate market is also continuously growing. Apart from pyrotechnics, another significant application area of the compound is the manufacturing of ceramic powder, which is itself used in capacitors, superconductors, semiconductors, device packaging, and specialized mechanical components. With the expansion in the semiconductors and electrical and electronics industries, especially in Asia-Pacific (APAC), the demand for ceramic powder is rising. This, in turn, is continuously leading to a massive rise in the consumption of Ba(NO3)2.


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Yet another purpose for which the salt is used in heavy amounts is the production of glass. As the compound helps in the improvement of the opacity and homogeneity of the glass, it is widely consumed during the manufacturing of optical glass, which is primarily used to manufacture lenses. With an increasing number of people suffering from poor eyesight, as a result of a poor diet, genetic factors, diseases, or other natural causes, the demand for spectacles is rising. Since lenses are the most important component of such medical aids, the production of optical lenses is also rising, thereby leading to an increase in the consumption of barium nitrate.

 

Among all the uses of the salt, the biggest one is fireworks/pyrotechnics, owing to their growing popularity around the world. It is not just festive celebrations that such displays are employed for, but also for the inaugurations of buildings and other prominent structures. Moreover, in several parts of the world, they are also widely used during weddings, especially those involving a lot of fanfare. With the increasing disposable income, primarily in developing countries, an increasing number of people are purchasing fireworks for personal and social uses, thus driving the consumption of Ba(NO3)2.

 

Taking into consideration the geographical scenario, the most significant contributor to the barium nitrate market has been Asia-Pacific (APAC). This has been primarily a result of the consumption of the compound in huge amounts in the production of pyrotechnics, for domestic as well as industrial use. Numerous festivals in the region, such as Diwali, Chinese New Year, and the hordes of regional celebrations in India involve such displays. Similarly, the New Year’s fireworks at Sydney Harbour Bridge in Australia and Marina Bay in Singapore are some of the most famous in the world.

Wednesday, 3 June 2020

02:03

Global Ceramic Matrix Composites (CMC) Market Set to Generate Over $6,000.0 Million Revenue in 2024

One of the major factors fuelling the surge in the demand for ceramic matrix composites (CMC) is the soaring need for lightweight components in the aerospace industry. CMCs, which have a high strength-to-weight ratio, offer excellent mechanical properties, which propel their demand in various aerospace applications, such as helicopter rotor blade sleeves, power transmission lines, fighter aircraft ventral fins, and jet engine fans. Due to the increasing aircraft production, especially in European nations, because of the mushrooming international trade, the demand for CMCs is predicted to increase significantly in the coming years.


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Due to the ability of CMCs to provide increased durability, reliability, wear resistance, and stiffness, they are also increasingly being used in the defense sector, which further fuels the growth in their demand across the world. Due to these factors, the global ceramic matrix composites market is expected to experience an increase in its value from $1,891.3 million in 2015 to $6,006.1 million by 2024. The market is also predicted to advance at a 13.7% CAGR during 2016–2024 (forecast period). 

















Composite materials consist of at least two parts — a matrix material, which holds everything together, and the reinforcement, which provides various mechanical properties, such as strength or stiffness. CMC refers to a special type of composite material, in which both the matrix material and reinforcement (refractory fibers) are ceramics. They are used in defense, aerospace, electrical & electronics, and energy & power applications. Amongst these, aerospace applications recorded the highest usage of CMCs in 2015, mainly on account of their wide-scale utilization in the manufacturing of jet engine fans and helicopter rotor blade sleeves.

 

The CMC market is currently observing the increasing adoption of CMCs in automotive applications. CMCs play a major role in reducing a vehicle’s weight, which, in turn, leads to the vehicle attaining high fuel efficiency and causing less environmental pollution. Moreover, the stringent environmental regulations and policies implemented in several countries are boosting the adoption of eco-friendly and fuel-efficient vehicles, thereby fuelling the growth in the demand for CMCs across the globe.

 

Globally, North America recorded the highest sales of CMCs in the past. This is mainly attributed to the wide-scale usage of these materials in the defense and aerospace industries in the U.S. In addition to this, the ballooning electronics manufacturing sector in the country is expected to further push the demand for CMCs in the coming years. The Asia-Pacific (APAC) region, owing to the soaring expenditure on space exploration and defense projects and the surging power generation sector in several countries, is predicted to witness the fastest growth in the usage of CMCs during the forecast period.

 

Hence, it is clear that due to the burgeoning utilization of CMCs in numerous industries, on account of their lower weight and higher strength-to-weight ratios, the demand for them will surge in the coming years.