Thursday 28 February 2019

Foam Blowing Agents Market-Outlook, and Opportunity Analysis, Forecast 2026

Foam blowing agents are substances that used in the foaming process to expand in matrix and offer cellular structure to substrates, thereby intensifying the flexibility as well as acoustic and thermal insulation of the final product. Drastic increase in demand for polymeric foams across industries, such as automotive, construction, and appliances, along with increased use of foam blowing agents in manufacturing of polyurethane foam is expected to play a major role in driving the growth of the global foam blowing agents market in the fuFoam Blowing Agents Industry Insightsture. Polyurethane foam is one of the most commonly used types of polymer foam, which finds wide application in various industries, including electronics, flooring, automotive, construction, packaging, and medical devices. The trend is expected to continue over the foreseeable future, which in turn is projected to positively impact growth of the global foam blowing agents market. The medical industry has witnessed rapid growth in the recent past, characterized by various technological advancements. Also, an upturn in the global trade has brought a surge in the demand for safe and reliable packaging of products, which requires foam-based polymers due to their shock absorbing nature. Therefore, the strengthening packaging and medical devices industries are together expected to boost the global market growth during the forecast period.
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Reduction of greenhouse emissions a key focus areas of players in the global foam blowing agents market
The global foam blowing agents market is largely being driven by the constant advancements in technology. For instance, Chemours Company came up with Opteon™ 1100 foam blowing agent and BASF SPRAYTITE® foam insulation technologies, which ensure exceptional thermal insulation performance as well as reduced energy usage. These technologies also offer benefits such as reduction in greenhouse gas emissions and reducing environmental footprint.
Foam Blowing Agents Market Outlook – Rising living standards drive the global market growth
Rising living standards of people across the globe consequently contribute towards growth of end-use industries of foam blowing agents. Apart from this, in recent years, increase in purchasing power parity (PPP) has helped in the development of the flooring and furnishing industry, which demands polymeric foams for shock absorption. Thus, increased adoption of polymeric foams is projected to boost the global market growth.
Geographically, Asia Pacific has been the largest contributor to the global foam blowing agents market. The market growth can be owed to substantial infrastructural development, which helped the construction industry to expand in the region, especially in India, Thailand, South Korea and Vietnam; technological advancements and rapid industrialization. However, high costs associated with shifting technology, along with rampant changes in the United States Environmental Protection Agency (EPA), is looking at significant new alternatives policy (SNAP) in the foam blowing agents such as introduction of fourth-generation blowing agenta, AFA series and urethane foams, among others, which will replace the use of HCFC and HFC. It has taken effect since January 1, 2017, which in turn would restrain growth of the market of foam blowing agents.
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Some of the major companies in the foam blowing agents market are Arkema S.A., Exxon Mobil Corporation, Daikin Industries, Ltd., ZEON Corporation, Honeywell International Inc., Haltermann GmbH, Harp International Ltd., Sinochem Group, E.I. du Pont de Nemours & Company, and Solvay S.A. Other well-known companies in the global market include Linde AG, Astra Polymers, AkzoNobel N.V., KSJN Catalyzing Industries, Lychem International Co., Limited, SPL Group, Sunwell Global Ltd., BEO International, and Marubeni Corporation.
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Creosote Oil Market Industry Overview, Business Strategies and Forecast 2026

Creosote oil is produced from distillation of tar and pyrolysis of plant sourced products such as wood or fossil fuel.  It is extensively used for oil paint, wood aseptic, carbon black, printing ink, latex filling, and pharmaceuticals. It can be classified depending upon the source from which it is derived such as wood, coal and/or creosote bush. Creosote oil is widely used as a remedy against diabetes, hemorrhoids, tooth decay, gallstones, kidney stones, acne and pimples, wounds, and body pain. Other applications of creosote oil include food preservation and fuel for lighting lamps. Creosote oil derived from creosote bush has different compounds and nutrients with medicinal value due to its high antioxidant properties. Creosote oil derived from creosote bush is herbal oil and is associated with antiseptic, analgesic and diuretic properties.
Market Dynamics 
Increasing demand for creosote oil in the industrial sector is expanding its spectrum of application throughout industries such as paint, printing, and furniture. According to a study by the North Carolina State University in 2014, the home furniture market in the U.S. was expected to reach over US$ 85 billion by 2017. Environmental consciousness among the educated populace is increasing the demand for sustainable product, due to which wood furniture is gaining maximum preference over metal and plastic products. The study also stated that, in 2012, European Union imported around $ 4,122 million worth wood furniture products. Wood furniture manufacturers in China generated revenue of around US$ 100 billion in 2017, an increase by 12% from 2016.
Wood preservation is a major application of creosote oil, as creosote oil treated wood is widely used in railroad sleepers, poles of electric or telephone lines. Coal tar is more efficient than wood tar for wood preservation.
Properties of creosote oil vary depending on its source and application. Creosote oil derived from wood tar is used as a food preservation agent for meat. Coal tar creosote oil is toxic and hence is not used for medicinal purposes, however, widely used for preservation of wood and wooden furniture.
Creosote oil is widely used in the printing industry for printing inks and carbon black
Creosote oil is widely being adopted in the pharmaceutical industry, owing to its antiseptic, laxative anesthetic, expectorant, anti-acne, analgesic, anti-neuritic, and astringent properties. It can also be used as a protection from the sun.
Creosote oil is not harmful to human health when it is properly disposed off. However, accidental spillage, misuse, and improper disposal may lead to potential hazards to human health like skin and eye irritation.
Market Outlook
Among end-use industries, the pharmaceuticals segment is projected to gain significant traction in the market over the forecast period, owing to rising demand in the medical industry.
Wood aseptic industry is also reaching a new horizon with expanding construction industry due to increasing population.
Among source type, the creosote bush segment holds a dominant position, owing to its wide medicinal use spectrum.
North America accounted for highest revenue share in the global creosote oil market in 2017 due to increasing commercial and residential construction in the region and is projected to lead the market size throughout the forecast period. In North America, the U.S. is most lucrative market for creosote oil. Forecast report published by Oldcastle Business Intelligence in October 2017, stated that U.S. Construction industry is expected to grow almost 5% in 2018.
Europe accounted for the second-largest market due to emerging central and eastern European countries’ medical and construction industry and the trend is projected to continue over the forecast period.
Key players in Global Creosote Oil Market
Key players operating in the global creosote oil market include Cooper Creek, ArcelorMittal S.A., Mitsubishi Chemical, RUTGERS Group, Sandvik Materials Technology, Epsilon Carbon, Himadri Chemicals & Industries, JFE Chemical Corporation, Stella- Jones, KMG Chemicals, Sceneys, Jalan Chemicals & Carbons, Huanghua Xinnuo Lixing, Konark Tar Products, AVH Pvt. Ltd, and Ganga Rasayanie
Leading market players are seeking source suppliers to manufacture creosote oil, to satisfy rising demand from consumers. For example, ArcelorMittal announced in January 2017 that, Koopers and ArcelorMittal entered into a long-term contact for coal tar supply through 2026. Koppers will purchase coal tar, which is a byproduct of ArcelorMittal coke plants located in the U.S. This contracted volume is expected to meet the growing demand for domestic raw material to manufacture creosote.
Consumption of coal tar derived creosote oil has been witnessing rapid growth because of wood and wooden furniture applications to meet the need from construction industry.
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Osmium Market: Demand, Market Segment & Forecast to 2026

Osmium is a chemical element represented by the symbol Os and has seven naturally occurring isotopes. It belongs to the platinum group and is obtained when platinum is extracted from ores such as osmiridium and iridosmine. Osmium is found in alloys of iridium and in traces of metals such as nickel and copper, and is highly volatile and water soluble in nature. It is a hard and brittle metal that remains lustrous even at high temperatures. The high toxic and volatile properties of osmium restrains its use in pure form for high-wear applications. Although manmade osmium also comes from chromium smelters, hospital incinerators, and the normal operation of cars i.e. from catalytic convertors, it is primarily the industrial extraction and refining of platinum that produces bulk of osmium.
Osmium concentrates are manufactured as a by-product of copper and nickel mining or while isolating platinum metal from its ores. Distillation or organic solvent extraction of these ores yield volatile osmium tetroxide (OsO4), which is collected and precipitated using potassium hydroxide. The resultant salt is reduced and roasted to yield a fine power of osmium.
Osmium offers a wide variety of medical applications. For instance, an alloy of 90% platinum and 10% osmium is used in surgical implants such as pacemakers and replacement heart valves due to its inertness. Furthermore, osmium tetroxide aids in fingerprint detection and staining fatty tissues using electron and optical microscopy. Different compounds combined with osmium like Organo-Osmium FY26, could aid in treating cancerous cells. Furthermore, these osmium compounds are not cross-resistant with platinum. Osmium Mettalicum 30 is a medicine that aids in treatment of glaucoma and high blood pressure. Therefore, use of osmium in the healthcare sector for various applications is a major factor expected to propel the global osmium market growth.
Filaments of osmium metal are also used as a catalyst. Furthermore, its high refractivity is desirable in space-based UV spectrometers, which have reduced mirror sizes due to space limitations.
Market Dynamics
A major factor that drives growth of the global osmium market is its remarkable properties such as stability and hardness. These properties help in manufacturing high quality ballpoint and fountain pens, electrical contacts, jewelry such as rings, record player needles, long life gramophone needles, compass needles, instrument pivots, and other devices prone to frequent wear and tear. Usage of osmium helps to improve the overall quality by making the end product such as nibs, needles hard, stable, and corrosion resistant. Such wide variety of applications of osmium is expected to aid in growth of the global osmium market.
However, osmium is a rare and expensive element, which is a major factor restraining the global osmium market growth. Pure osmium generally costs between US$ 12,000 and US$ 14,000 per kilogram. Moreover, osmium-187 is a more expensive and useful isotope, which costs between US$ 15,0000 and US$ 25,0000.
Market Outlook
According to the Coherent Market Insights’ analysis, North America held the dominant position in the market in 2017. According to the United States Geological Survey, U.S. imported 322 Kilograms of Osmium in 2014. In North America region, the U.S. and Canada are projected to maintain its dominance throughout the forecast period.
The largest known primary reserves of osmium include the Bushveld igneous complex in South Africa. However, the copper-nickel deposits near Norilsk in Russia and the Canada-based Sudbury basin are also important osmium sources.
 Key Players in the Global Osmium Market
Key players operating in the global osmium market include Ceimig Limited, American Elements, Reade International Corp, Cleantech, and others.
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Wednesday 27 February 2019

Silver Oxide Battery Market Report, Demand and Forecast 2026

Silver oxide battery consists of silver oxide as positive electrode and zinc as negative electrode. It contains potassium hydroxide or sodium hydroxide as electrolyte. Silver oxide batteries are used widely, owing to its durability and high energy weight ratio.
It is commonly used as miniature power source. Small button silver oxide batteries are widely used in watches, calculators, toys, hearing aids, and photo electric exposure instruments. Larger batteries are used in missiles, submarines, aerospace, and underwater applications.
Advantages of silver oxide batteries such as high capacity, low shelf discharge, and long shelf-life is a major factor driving growth of the global silver oxide battery market.
According to a Coherent Market Insights’ study, global hearing aids market was valued at US$ 7,584.8 million in 2016 and is expected to witness a robust CAGR of 4.6% between 2017 and 2025. This significant growth in the hearing aids market is propelling growth of the global silver oxide battery market.
Growing adoption of electronic wearables is fuelling growth of the global silver oxide battery market. According to Consumer Technology Association, health, fitness, and sports technology including fitness activity trackers, hearables hearing devices, smartwatches, and others is estimated to reach sales of 49.3 million units in 2018, an increase by 4% in from 2017 in the U.S.
However, high cost of silver in the silver oxide batteries is a major factor negatively affecting growth of the global silver oxide battery market.
The global silver oxide battery market was valued at US$ 15.55 Billion in 2017 and is anticipated to register a CAGR of 3% in terms of revenue, over the forecast period (2017 – 2025) to reach US$ 19.70 Billion by 2025.
North America held significant market share in the global silver oxide market in 2017. The U.S. was a major contributor to market growth in this region. This is owing to increasing focus of key players in the region on development of new products.
For instance, in March 2018, Naval Surface Warfare Center Crane Division, U.S. announced US$ 12.5 million contract to BST Systems Inc. and to EaglePicher Technologies LLC for developing rechargeable silver oxide zinc batteries of capacity 750 ampere per hour for deep submergence application on undersea vehicles by February 2023.
Increasing demand for toys is fuelling growth of the market in North America as silver oxide batteries are widely used in toys. According to the U.S. Census Bureau, annual sales of toys, games, and hobby goods in 2014 was US$ 10,623 million, which increased to US$ 12,110 million in 2015. Furthermore, according the Toy Association, which is an American trade association, toy sales in the U.S. increased by 5% in 2016 from 2015.
Silver oxide battery market is expected to grow rapidly in Asia Pacific during the forecast period (2018-2025). This is attributed to increasing demand from countries including China, Japan, South Korea, and India.
According to the Battery Association of Japan, sales of silver oxide batteries in Japan in 2016 was 778 million pieces, which increased to 786 million pieces in 2017. Furthermore, according to the Ministry of Economy, Trade and Industry, Japan, sales of silver oxide batteries in Japan was US$ 8.49 million in April 2018.
Growing electronics industry is supporting growth of silver oxide battery market in this region. According to India Brand Equity Fund (IBEF), Government of India, electronics market in India is projected to reach US$ 400 billion 2020 from US$ 100 billion in 2016.
Key players operating in the global silver oxide battery market includes Panasonic Corporation, Energizer Holdings, Maxwell Technologies, Inc., Seiko Instruments Inc., Berkshire Hathaway Inc., Sony Corporation, Toshiba Corporation, Renata SA, Camelion Battery, and Varta AG.
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Flavored and Functional Water Market - Global Industry Insights, and Forecast till 2025

Flavored water can be described as purified or mineral water infused with different flavors, fruit extracts, and sweeteners. Functional water is fortified with vitamins, minerals, amino acids, herbal extracts such as licorice extracts and others, in order to make it healthier and for functional benefits such as aiding in improving immune system, lower cholesterol levels, improved digestion, and weight management. Increasing health consciousness as well as increasing consumer awareness of benefits of consumption of vitamins and minerals such as bolstering immune system is driving growth of the global flavored and functional water market.
Furthermore, growing demand for bottled and packaged water due to its advantages such as safety and convenience is fuelling growth of this market. According to the International Bottled Water Association, consumption of bottled water increased by 7.9% in 2015 as compared to previous year in the U.S.
Low calorie and unsweetened flavored and functional water is gaining traction, owing rise in health concerns such as obesity and diabetes. According to World Health Organization, in 2016, 39% women and 39% men were overweight globally. Furthermore, according to Organization for Economic Co-operation and Development (OECD), obesity update 2017, global obesity levels are expected to increase steadily by 2030, thereby increasing demand for low calorie and low sugar drinks.
Launch of new flavors and products is bolstering growth of the global functional and flavored water market. For instance, in January 2018, JUST launched a line of flavored water including organic apple cinnamon organic lemon and organic tangerine. Also, Coco-cola Company added new flavors such as pear kiwi and pomegranate blueberry in its Dasani flavored water brand in March 2018. However, availability of low cost carbonated drinks is hindering growth of the global flavored and functional water market.
The global flavored and functional market was valued at US$ 29.01 billion in 2017 and is anticipated to register a CAGR of 11.98% in terms of revenue, over the forecast period (2017 – 2025) to reach US$ 70.32 billion by 2025.
North America dominated the global flavored and functional water market and held revenue share of 33.48% in 2017. This is attributed to significant consumer demand for beverages. According to the Centers for Disease Control and Prevention, 49.3% of the U.S. adults consumed atleast one sugar sweetened beverage including flavored water, juices, and others in a day between 2011 and 2014. Furthermore, rise in health awareness is increasing demand for functional beverages in this region. According to the U.S. Department of Agriculture, the functional food market, which includes functional water was valued at US$ 3 billion in 2016 and is growing rapidly, due to increasing awareness of benefits of functional food and beverages.
Asia Pacific flavored and functional water market is growing rapidly, owing to increasing health awareness among consumer along with rising awareness of benefits of consumption of functional beverages such as improved immunity system among others. Manufacturers are launching innovative products, owing to increasing demand for flavored and functional water in Asia Pacific. For instance, in July 2017, NourishCo Beverages Ltd. launched Himalayan Orchard Pure flavored water and in October 2017, PepsiCo Inc., launched Aquafina Vitamin Splash in India.
Players operating in the global flavored and functional beverages market are adopting various strategies such as product development, collaborations and acquisitions to sustain in the competitive market. For instance, in February 2018, PepsiCo Inc. launched Bubbly, a brand of sparkling flavored water in different flavors such as apple, strawberry, and mango. In October 2017, The Coca-Cola Company acquired Topo Chico, a manufacturer of flavored water, for US$ 220 million. Also, in November 2016, Dr. Pepper Snapple (DPS) Group acquired Bai Brands, LLC, a beverage manufacturer, for US$ 1.7 billion.
Key players operating in the global flavored and functional water market are Nestle S.A., Danone S.A., Kraft Foods Inc., The Coca-Cola Company, PepsiCo, Inc., New York Spring Water, Hint Inc., Sunny Delight Beverages Company, Herbal Water, Inc., and Talking Rain Beverage Co.
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Flake Graphite Market Structure, Industry Analysis, and Forecast 2026

Flake graphite is a type of natural graphite. It is a common variety of natural graphite and are mined in the U.S., Central America, Canada, South America, Russia, Germany, Ukraine, Africa, and China. Commercial flake graphite is available in sizes such as +50-mesh, +100-mesh, and -100-mesh and offered in different ranges of purity from around 80% carbon to 99% carbon.
Market Dynamics
Flake graphite is used in anodes of lithium ion batteries, which are used in electric vehicles. Growing demand for electric vehicles market is driving growth of the global flake graphite market. According to International Energy Association, number of electric cars sold in 2016, was 750 thousand, worldwide. Moreover, China was the largest electric cars market in 2016, and accounted for over 40% of the electric cars sold, globally.
Flake graphite is used in energy application such as fuel cells, vanadium-redox battery technology, and pebble-bed nuclear reactors. Growing energy industry is propelling growth of the flake graphite market, owing to flake graphite’s wide applications. According to the U.S. Energy Information Administration, world energy consumption was 575 quadrillion British thermal units (Btu) in 2015, which is estimated to reach 736 quadrillion Btu in 2040.
Market Outlook
North America held significant market share in the global graphite market in 2017, owing to demand for flake graphite in lubricants, steelmaking, and refractory applications among others. According to the U.S. Geological Survey, natural graphite was not produced in the U.S. in 2017, however the firms operating in the U.S. consumed 24,000 tons of graphite valued at US$ 42.9 million in the same year. During 2017, the U.S. natural graphite imports were 50,000 tons out of which 75% was flake and high quality graphite.
Growing demand for lithium ion batteries in North America is fuelling growth of the flake graphite market. According to the U.S. Energy Information Administration, 80% of the installed energy and power capacity of large scale battery storage in operation in the U.S. was lithium ion in 2016.
Asia Pacific is expected to be the fastest growing flake graphite market during the forecast period, owing to increasing demand of graphite flakes from emerging economies such as India and China. Favorable government policies is encouraging adoption of electric vehicles, which in turn is increasing demand for graphite flake for producing lithium ion batteries required for such vehicles. For instance, the government of China exempted electric vehicles from purchase tax between 2012 and 2017, which has extended till 2020.
Key Players
Players operating in the flake graphite market are adopting various business strategies including mergers and acquisitions for business expansion. For instance, in December 2017, Westwater Resources, Inc. planned to acquire Alabama Graphite Corp., a mineral exploration and development company involved in flake graphite mining.
Key players operating in the global flake graphite market include GrafTech International Ltd., AMG Advanced Metallurgical Group N.V., Asbury Carbons, Kaiyu Industrial (Hk) Limited, Mason Graphite Inc., Triton Minerals Ltd., and Northern Graphite Corporation.
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Sodium Molybdate Market Demand, Analysis and Outlook to 2026

Sodium molybdate (Na2MO4) or disodium dioxide molybdenum is a chemical compound with a molecular weight of 241.95 g/mol. It is extensively used as a corrosion inhibitor for water treatment in industrial applications, as a nutritional supplement in the food industry, and in fertilizer applications.
It is used for nitrogen fixation in order to support healthy growth of leguminous plants such as peas, clover, and lucerne. Sodium molybdate is used as an effective additive in the production of sodium chlorate to minimize environmental impact without hampering efficiency.
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Market Outlook
Growing industrialization is leading to the discharge of wastewater and harmful chemicals in the ecosystem. Stringent government regulations associated with the environmental safety and water disposal is increasing adoption of chemical and water treatment solutions.
According to United Nations Industrial Development Organization’s (UNIDO) report published in 2017, global Manufacturing Value Added (MVA) was valued at US$ 11.9 trillion in 2015, and is anticipated to increase further in near future. Furthermore, emerging economies such as China and India recorded the fastest growth with India shifting from 14th position in 2005 to 6th position in 2015, in the ranking of world’s largest manufacturing industry. Expanding manufacturing production is creating higher demand for water treatment solutions. Subsequently, increasing the demand for sodium molybdate in near future.
The increasing cost of raw material and toxicity of sodium molybdate is predicted to hamper the market growth. However, rising demand for high-performance pigments & dyes from infrastructure and textile industry coupled with increasing awareness towards healthy and dietary supplement are major drivers for the market growth. Sodium molybdate is found in dietary supplements and is a good source of molybdenum. Escalating applications of sodium molybdate in various applications such as seed and water treatment is projected to upsurge the demand from end-use industries.
Sodium Molybdate Market - Key Players
Key players operating in the sodium molybdate market include Sisco Research Laboratories Pvt. Ltd., Redox Pty Ltd, Merck KGaA, The Chem-Met Company, and Nippon Inorganic Colour & Chemical CO., Ltd.
Sodium Molybdate Market Taxonomy
On the basis of product type, the global sodium molybdate market is segmented into:
    • Crystal
    • Solution
On the basis of application, the global sodium molybdate market is segmented into:
    • Water treatment
    • Fertilizer
    • Pigments & dye
    • Corrosion inhibition
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Permeate Market Industry Analysis, Growth Outlook and Forecast 2026

Permeate is a by-product obtained during ultrafiltration of milk to extract milk protein and fat. The extract is dried using advanced spray drying techniques. Milk permeate powder is a natural food ingredient with outstanding functional & nutritional characteristics and can be used to standardize milk. It is used in a varied range of applications including bakery, dairy, beverages, confectionery, seasonings, soups, sauces, and desserts.
Market Dynamics:-
Global permeate market is gaining major traction, owing to its application in standardizing milk while retaining taste and maintaining nutrition value at the same time. In food & beverages industry, permeate is used to enhance flavor and improve texture of food products. Low lactose permeate is now being used as electrolyte beverages. Growing global milk industry is expected to boost the permeate market during forecast period. According to Food and Agricultural Outlook, global milk consumption was registered at 811 million tons in 2017, which is projected to increase by 22% to 1,168 million tons by 2030.
In recent years, permeate has emerged as a partial replacement for sodium chloride for brining of meat and poultry products to lower the sodium content. Brining of meat products is essential to increase its shelf life, enhance taste, and retain tenderness while cooking. Growing meat consumption is also expected to propel growth of the global permeate market. According to Food and Agriculture Organization, the global per capita meat consumption was around 30.8 kg in 2016, which is expected to reach to 35.4 kg by 2026.
Permeate often contain high percentage of lactose (65-85%) and is known to cause adverse impact on body weight and digestive system. High content of lactose in permeate might lower its usage in food & beverages products, which may hamper growth of the global permeate market.
Market Outlook:-
Asia Pacific is expected to hold dominance in the global permeate market over the forecast period. Growing population and rising demand for processed food is expected to provide traction to permeate market during the forecast period. For instance, according to the Associated Chambers of Commerce and Industry of India, India processed food industry was valued at US$ 258 billion in 2015, which is expected to increase to US$ 482 billion by 2020.
Growing meat consumption in Asia Pacific is also expected to propel demand for permeate during forecast period. For instance, according to Organization for Economic Co-operation and Development (OECD), China’s annual meat consumption was registered at 49 kg per capita in 2015, which is expected to increase 55 kg per capita by 2026.
Key Players in the Global Permeate Market:-
Key players operating in the global permeate market are Arion Dairy Products B.V., Hoogwegt Group, Idaho Milk Products Inc., Agropur Ingredients, Rawa Pharm, Volac Feeds Limited, Lactalis Ingredients SNC, Armor Proteines S.A.S., Glanbia Ingredients, and Proliant Dairy Ingredients.
Major players are adopting various business strategies to meet the growing demand for permeate in the market. For instance, in August 2018, Glanbia Nutritionals and Proliant Dairy Ingredients entered into a joint venture to set up a plant in Michigan to produce whey protein by investing US$ 85 million.
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Tuesday 26 February 2019

Foam Roller Market Growth Forecast Analysis by Manufacturers, Regions, Type and Application to 2026

Foam rollers are used to apply pressure on certain body parts for relieving pain. It is used in workouts to improve muscle recovery and increase flexibility. It helps in preventing muscle soreness and tightness. Foam rollers are used to massage muscles, in self-acupressure, as a yoga prop, and core strengthening and stretching exercises.
Market Dynamics
Growing health awareness and increasing participation in physical fitness activities is driving growth of the global foam roller market. For instance, according to Sports England, which is public body under the Department for Culture, Media and Sport, 229,400 more people played sport in 2016 than they did in 2015 in the U.K.
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According to the World Health Organization, 650 million adults were obese in 2016, globally. Rise in instances of obesity and growing awareness of health complications due to obesity such as high blood pressure, heart diseases, and osteoarthritis is increasing focus of people on exercise. Increasing adoption of exercise is in turn increasing demand for exercise equipment such as foam rollers.
Market Outlook
Foam roller market in North America is estimated to grow at a significant pace during the forecast period (2019-2026). Moreover, the U.S. held the highest market share in 2017 in the North America foam roller market. This is attributed to increasing number of people actively involving in sports and exercise. According to the U.S. Department of Labor, Bureau of Labor Statistics, daily average participation in sports and exercise grew up to 3.6% in 2015, as compared to that in 2003. According to the National Collegiate Athletic Association (NCAA), in the U.S., over 460,000 student athletes compete in over two sports activities, every year.
Europe held significant market share in the global foam roller market in 2017. Increasing government investments in training programs and facilities that make it easier for people to play sports and develop their talent is burgeoning growth of this market. For instance, in 2017, Sport England received US$ 68 Bn from the U.K. government and National Lottery funding to invest in projects that will create opportunity to play sports.
Key Players
Players operating in the foam roller market are launching new innovative products to cater to increasing demand for their products. For instance, in July 2017, TriggerPoint launched GRID VIBE premium vibrating foam roller consisting for pain reduction and muscle relaxation.
Key players operating in the global foam roller market include Implus Footcare LLC, Technogym S.p.A., Yes4All, RumbleRoller, Adidas AG, Joinfit Hong Kong, LuxFitProducts, Master of Muscle, and ProSource.
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Molybdenum Market Research Report Analysis and Forecasts to 2026

Molybdenum is a silver-grey colored metal that is hard, malleable, and ductile in nature with excellent strength at high temperature, high melting point, and high thermal conductivity. It is highly resistant to heat, which makes it useful in the production of alloys of iron and steel. Molybdenum is extracted from molybdenite and the major molybdenite deposits are in the U.S., China, Canada, and Chile. According to the U.S. Geological Survey (USGS), China, Chile, the U.S., Peru, Mexico, and Armenia accounted approximately 95% of total global molybdenum production in descending order.
Market Dynamics
Molybdenum is used in stainless steel, commonly in the range of 2 to 4%, which helps in improving the resistance to pitting in chloride environments and to fissure in Fe-Cr-Ni alloys and Fe-Cr alloys. This is one of the major factors driving growth of the molybdenum market. Furthermore, increasing demand for various steel such as stainless steel, structural steels, and others, particularly in China, fuels growth of this market. According to the World Steel Association, China is the largest producer of steel, by producing 803.8 million metric tons in 2015 and it was increased to 808.4 million metric tons in 2016.
However, molybdenum fumes and dust produced during metalworking or mining may be toxic if ingested, which is expected to hinder growth of the global molybdenum market.
Market Trends
Among end-use industries, the automotive segment is expected to witness a significant growth in the near future. Molybdenum alloy is used in various automotive parts such as vehicle’s flywheel, clutch, and other parts, owing to its excellent strength to weight ratio, which makes molybdenum a vital material in automotive vehicles. Growing automotive industry results in increasing demand for molybdenum, thereby fueling the molybdenum market growth. According to the India Brand Equity Foundation (IBEF), the automobile market was valued at US$ 74 billion in 2015 and is expected to increase up to US$ 300 billion by 2026.
Among applications, the fertilizer segment is expected to show a significant growth in the global molybdenum market over the forecast period. Various manufacturers are focusing on launching new products and plant expansion to expand their product portfolio and to cater to increasing consumer demand, which in turn is driving growth of this segment. For instance, in April 2018, Artal Agrinutrients launched Artal Rice, which is a liquid mixture of molybdenum, boron, and zinc to improve yield and to increase number and size of grains.
Market Outlook
North America holds a significant position in the global molybdenum market growth, owing to growing oil and gas industry in the region. Shale gas revolution has paved path to increasing exploration and production activities in this region. According to the U.S. Energy Information Administration, the total shale production in the U.S. in 2014 was 13.4 trillion cubic feet, which raised up to 15.2 trillion cubic feet in 2015. Increasing offshore E&P activities in shallow and deep water contributed to the growth of oil and gas chemicals in this region.
Furthermore, increasing mining production of molybdenum results in growth of the molybdenum market. According to the United States Geological Survey (USGS), in the U.S., mine production in 2016 was 35,800 metric tons, which increased up to 44,600 metric tons in 2017.
Asia Pacific is expected to be the fastest growing region in the global molybdenum market over the forecast period. This is owing to increasing demand for stainless steel in various end-use industries such as automotive, energy and heavy industries, and others in emerging economies such as China. According to the Department of Industry, Innovation and Science, a department of the Australian Government, stainless steel production in China was around 25 million tons in 2016, whereas, Japan was the second largest market for stainless steel production accounting for 3.3 million tons in 2016.
Key Players
Some of the leading players operating in the global molybdenum market include Centerra Gold Inc., Codelco Mining Company, China Molybdenum Company Limited, Freeport-McMoRan Inc., Anglo American plc., Cronimet Group, Jinduicheng Molybdenum Group Co., Ltd., Shaanxi Non-Ferrous Metals Holding Group Co., Ltd, Antofagasta plc., Grupo México, and S.A.B. de C.V.
Molybdenum Market Taxonomy
On the basis of application, the global molybdenum market is segmented into:
    • Alloys
    • Catalysts
    • Fertilizers
    • Foundry
    • Others
On the basis of end-use industry, the global molybdenum market is segmented into:
    • Automotive
    • Oil & Gas
    • Aerospace & Defense
    • Chemical
    • Energy
    • Others
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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