Monday, 15 October 2018

Natural Zeolites Market Industry Insights, Trends and Forecast 2018 - 2026

Natural zeolites are crystalline, microporous aluminosilicates that adsorb compounds such as metal ions and water through exchange of cations. This property enables the use of zeolites in applications such as human & animal healthcare, water treatment, gas filtration, and agriculture. There are over 40 different types of zeolites, among which the most popular are chabazite, clinoptilolite, erionite, mordenite, and phillipsite. There exists minimal competition between natural and synthetic zeolites. Different product specifications and cost has rendered the large scale use of natural zeolites unfeasible.
Market Outlook
China, South Korea, New Zealand, and the U.S. were among the largest producers of natural zeolites in 2017. According to the U.S. Geological Survey, the worldwide production of natural zeolite was pegged at 1.1 million metric tons in 2017. China held a market share of around 68% in the global natural zeolite production in 2017. The largest application segment for natural zeolites is construction, where it is predominantly used as a cement additive. The addition of zeolite in cement helps to produce a slower-hardening and stronger product. Other important applications of natural zeolite include, animal feed additive and nutrient release agent in soil conditioners.
China, India, and the U.S. are projected to be the major natural zeolite consuming countries over the forecast period, owing to growing construction industry in these countries. As of 2017, these countries are the three largest construction markets in the world. According to India Brand Equity Foundation (IBEF) —part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian construction industry is expected to witness significant growth and reach US$ 5 billion by 2020. Therefore, growing construction industry is expected to propel growth of the natural zeolite market in India.
According to the U.S. Geological Survey, sales of natural zeolites in the U.S. increased 11% in 2017 compared to 2016. This was owing to increasing demand for natural zeolites from animal feed and water purification applications.
Key Market Players
Major players operating in the global natural zeolites market include, ZEO Inc., Zeocat Soluciones Ecológicas S.L.U., St. Cloud Mining, Teague Mineral Products, Taza Su Limited, KMI Zeolite, ZEOCEM A.S., Minera Formas, and Bear River Zeolite.
Market Taxonomy
On the basis of product type, the global natural zeolites market is segmented into:
    Agriculture
    Water Treatment
    Gas Filtration
    Construction
    Animal Nutrition
    Healthcare
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.
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Sunday, 14 October 2018

Internal Olefins Market Industry Analysis and Forecast 2026

Internal olefins are high-value chemicals, produced by dehydrochlorination or chlorination of linear paraffins. It is used in various applications such as lubricants, oil drilling, surfactants, and agrochemicals. Internal olefins are valuable intermediate for processes such as synthesis of linear alkyl benzenes and oxo alcohols. It is also used during drilling mud, paper sizing, and for lubrication-based oil.
Lubricants application segment is expected to show a significant growth in global internal olefins market in 2018. This is attributed to increasing number of motor vehicles, as lubricants reduce the friction between surfaces. According to U.S. International Trade Organization (ITA), in the U.S., the sales of light vehicle reached 17.1 million units in 2017. Also, the U.S. is the world’s second largest market for production and sales of vehicles.
Oil drilling segment is the fastest growing application segment in global internal olefins market in 2018, owing to increasing number of oil drilling activities. According to the U.S. Energy Information Administration (EIA), around 330 units of crude oil rotary rigs were in operation in June 2016, which increased to 861 units of crude oil rotary rigs in July 2018, in the U.S.
North America held significant market share in the global internal olefins market in 2017, owing to increasing oil and gas exploration due to shale gas revolution, which in turn expanded drilling activities in the region. According to the U.S. Department of Labor, Bureau of Labor Statistics, production of shale gas in the U.S. increased from 1.3 trillion cubic feet (Tcf) to 15.8 trillion cubic feet (Tcf) during 2007 to 2016.
However, easy availability of internal olefins substitutes such as poly-alpha-olefins is expected to hinder growth of internal olefins market. Furthermore, fluctuating prices of ethylene is also hampering growth of the internal olefins market. For instance, in December 2012, the ethylene price was US$ 1175 per metric tons and reached up to US$ 1265 per metric tons in January 2013.
The global internal olefins market was valued at US$ 1.64 billion in 2017 and is anticipated to register a CAGR of 4.7% in terms of revenue, over the forecast period (2019 – 2026), to reach US$ 2.46 billion by 2026.
Asia Pacific is the fastest growing region and held the highest market share of 24% in 2017, owing to increasing automotive production coupled with increasing use of synthetic lubricants in automotive application. According to the U.S. International Trade Administration (ITA), in 2016, China was the world’s largest vehicle market with the sales of over 28 million units. The automobile output in China is expected to reach 35 million units by 2025.
Furthermore, various key players are focused towards increasing production of ethylene, the raw material for manufacturing internal olefins, which is a key factor for driving growth of the internal olefin market. For instance, in April 2016, Korea Petrochemical Ind. Co., Ltd. (KPIC) aimed to expand its ethylene production capacity with the addition of 330,000 tons/year and its current capacity reached up to 800,000 tons/year.
Players operating in the global internal olefins market are adopting various growth strategies such as plant’s capacity expansion to cater to increasing demand for internal olefins. For instance, in June 2017, Shell Chemical LP, expanded its linear alpha olefins plant capacity (based in Louisiana) up to 425,000 metric tons per year to meet growing demand for plasticizer alcohols and surfactants.
Major players operating in the global internal olefins market include, INEOS Group Limited, Sasol Limited, Royal Dutch Shell plc, Elevance Renewable Sciences, Inc., Chevron Corporation, SABIC, Halliburton Company, Schlumberger Limited, Shrieve Chemical Company, and Idemitsu Kosan Co., Ltd.
About Coherent Market Insights:
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Friday, 12 October 2018

Polyethylene Terephthalate Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Polyethylene terephthalate is the most common plastic resin of polyester made from the combination of two monomers. Polyethylene terephthalate, also referred to as PET or PETE, is a remarkable cost and energy efficient packaging material, which possesses properties of versatility, strength, and recyclability, thus being used in various end-use industries such as packaging and textile. The polyethylene terephthalate market is projected to boost an excellent sustainability during the forecast period (2017-2025). However, growing environmental pollution from the chemical and petrochemical industries is expected to be one of the key concerns for the PET market. Despite various environmental concerns of PET use, it is much favorable in comparison to steel, aluminum, glass and other materials used for packaging, due to its high weight bearing capacity and light weight, which in turn reduces the transportation cost by utilizing less space and weight.
Technological advancement for developing lightweight, high strength and energy-efficient PET bottles is expected to boost the market growth. For instance, in 2014, SIDEL introduced a new ‘NEW RIGHTWEIGHT’, 0.5 liter bottle for still water, weighing 7.95 grams, yet offering a superior consumer experience and a top-load performance of 33 kilograms, without the need for nitrogen dosing, using standard 26/22 closures.
Polyethylene terephthalate can be recycled and reused for manufacturing door panels, rain coats, industrial sheets and carpets. The closed loop recycling of used polyethylene terephthalate bottles into new grade PET is expected to subsequently decrease the environmental pollution by a decreasing the demand for raw material, consequently increasing the profit margin of the PET bottle manufacturer.
PET is biologically inert material, which does not react with any food or beverages and offers high resistance to micro-organism. For instance, in December 1992, the U.S. Food and Drug Administration (FDA) announced the use of recycled PET bottles, as safe from any kind of microbial contamination and reaction with the packed food or beverages.
In 2016, the global polyethylene terephthalate market size was pegged at US$ 26.57 billion (revenue) and 27,749.22 kilo tons (volume), The market is expected to expand at a CAGR of 9.7% in terms of revenue and 7.6% in terms of volume during the forecast period.
Market Dynamics
Among product type, carbonated soft drink segment is expected to hold dominant position in the polyethylene terephthalate market over the forecast period, at a CAGR of over 10.1% in terms of revenue, and 8.1% in terms of volume. According to Coherent Market Insights’ analysis, it is estimated that the carbonated soft drink segment will reach over 7.70 billion by 2017. Since PET bottles or packaging materials are used as an alternative to silica glass and acrylic materials due to its superior resistance to micro-organisms, the demand for PET will increase, thereby driving growth of the global PET market.
Stringent government regulation is expected to be one of the key challenges for global PET market during 2017-2025. For instance,
    • On March 18, 2016, Government of India, Ministry of Forest and Environment (MoEF) introduced plastic waste management rule 2016.
    • Bureau of Indian Standards, IS 14534: 1998--- has issued standard guidelines on how to recover and recycle plastic waste and what kind of products could be manufactured from recycled plastics
Regional Insights
In 2016, Asia Pacific, followed by Europe and North America, respectively, accounted for a major share in terms of revenue and volume, in the global polyethylene terephthalate market, and the trend is expected to remain the same over the forecast period. In 2016, the share in terms of volume, held by Asia Pacific was 68.4% and by Europe was 12.5%. The growing demand for carbonated soft drinks in Asia Pacific due to growing demand for packaged and ready to eat food coupled with growing population, and infrastructure development of retail and hospitality sector is expected to drive growth of the global polyethylene terephthalate market over the forecast period. According to a study conducted by Coherent Market Insights, the other drink application segment market is expected to witness a CAGR of 8.8% from 2017 to 2025, in terms of revenue, which in turn is expected to fuel growth of the global polyethylene terephthalate market.
To Chekc The Trending Report Of Polyethylene Terephthalate Market @ https://www.coherentmarketinsights.com/market-insight/polyethylene-terephthalate-market-279
Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market trends, which are expected to shape the industry in the near future. Major players in the global Polyethylene Terephthalate market include Alpek S.A.B de C.V., RTP company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG among 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.
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Xylo-oligosaccharides Market Industry Analysis And Forecast 2018 - 2026

Xylo-oligosaccharide (XOS) is a low degree sugar polymer considered as potential non-digestible sugar and known for its characteristic dietary fibers. Xylo-oligosaccharides were in use since ancient time but it were not popular compared to other carbohydrates such as sugar and edible polymer. Xylo-oligosaccharides are naturally found in fruits, vegetables, bamboo shoots, milk, honey and others. Utility of xylo-oligosaccharides are not only limited for its neutraceuticals properties but it is also widely used in food and beverages industry and as a source of animal feed.
Xylo-oligosaccharides have economic benefits as it can be produced from agricultural waste. The waste generated from agro industries mainly consists of plant biomass that can be converted into non-digestible sugars. XOS have great potential as a prebiotic, which helps in reduction of LDL cholesterol, maintaining intestinal pH value, and improves immunological systems.
Market Dynamics
Xylo-oligosaccharide has wide applications in neutraceuticals & pharmaceuticals and food & beverages industry. In food & beverages industry, XOS is used as an additive in soy milk, soft drinks, jams, honey, tea, cocoa drinks, and dairy products (such as milk and yoghurt) to formulate healthy food. XOS has prebiotic potential and its exceptional health benefits include enhancing absorption of calcium, reduces risk of colon cancer, improvement in bowel function, and act as an antioxidant. These health benefits will drive growth of the global xylo-oligosaccharides market.
Popularity and increasing consumption of prebiotics is projected to boost demand for xylo-oligosaccharide in the forecast period. According to U.S. Department of Health & Human Services, the consumption of prebiotics and probiotics by adults in the U.S. has increased by four times during 2012 – 2007.
However, production of xylo-oligosaccharides requires large amount of investment and costly & specialized equipment. Moreover, production of xylo-oligosaccharides generates unwanted products such as furfural and hydroxymethyl furfural in the mixture of XOS which can cause skin allergy, such disadvantages may restraint growth of the xylo-oligosaccharides market.
Market Outlook
Among applications, neutraceuticals & pharmaceuticals segment accounted for the highest market share in the global xylo-oligosaccharides market in 2017. This is due to various advantages of XOS such as water binding capacity, sweetening ability, and fat replacement value. Moreover, xylo-oligosaccharides have a host of health benefits such as it act as an anti-allergic, antioxidant, and anti-inflammatory. Such advantages will attract more pharmaceuticals & neutraceuticals companies to adopt xylo-oligosaccharides as a non-digestible sugar in their products.
North America held the highest market share in the global xylo-oligosaccharides market in 2017 and is projected to remain the dominant region during the forecast period. This is due to rising health awareness among consumers. According to U.S. Department of Health & Human Services, 3.9 million adult population consumed prebiotic or probiotic products in 2016.
Asia Pacific is projected to be the fastest growing region in the market over the forecast period, owing to increasing number of pharmaceutical industries and rising incidence of diabetes in the region. For instance, according to Indian Brand Equity Foundation (IBEF), pharmaceutical industry is the third-largest industry in India in terms of volume and accounted for around 20% of the global pharmaceutical industries in 2017. Asia is home to most diabetic patients in the world. In 2017, according to International Diabetes Federation, diabetic population of India and China accounted for 8.8% and 10.9% of the total adult’s diabetic population of the respective countries.
Key Players in Global Xylo-oligosaccharides market
Key players operating in the global xylo-oligosaccharides market include Fengyuan Zhongke, Hebi Taixin, Hengfeng Sugar, Huaian Baimai Keyu, Kanwei Biologic, Longlive, Suntory,Suzhou Xiankuo, and Yatai.
Manufacturers are innovating and launching new types of xylo-oligosaccharide products in order to meet rising demand from consumers. For instance, in March 2018, Wonder Drink Company launched Prebiotic Kombucha, an innovated drink that adds prebiotic in its existing product.
Key players are focusing on adopting various inorganic growth strategies such as mergers and acquisitions, joint ventures, partnerships, marketing, and new product launches to strengthen their foothold in the global xylo-oligosaccharides market. For instance, in April 3, 2018, UAS Laboratories LLC, a probiotic company acquired Nebraska Cultures, a neutraceuticals company. This merger will help UAS Laboratories to cater the market of nutraceuticals and the company will continue the production of spore-based probiotics, Lactobacillus acidophilus DDS-1 and ProDura.
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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Thursday, 11 October 2018

Advanced Energy Storage Market Industry Research, Share and Market Analysis 2018-2026

Advanced Energy Storage (AES) systems involve the capture of the required energy which is produced at one time and can be used later. Energy is stored via a variety of mediums. Advanced Energy Storage technologies convert electricity into a different form of energy which can be stored and converted back into usable electricity at the required time. Energy can be transported via Advanced Energy Storage and stored using grids. AES system is an evolving technology critical for the growth of the energy sector in the 21st century. The energy can be used in the manufacture of various semiconductors, data storage products, solar cells, and electricity. The increasing demand for large amount of renewable energy can be met with the help of AES. It also allows operators manage the flow of energy sources by supplying only the required amount of energy thus avoiding the waste of energy.
Market Dynamics
Increasing adoption of electric vehicles has resulted in an increase in demand for advanced energy system globally. The transportation segment dominates the advanced energy system market. Rising adoption of lithium-ion batteries in electric cars has resulted in significant demand for advanced energy system in transportation segment. The segment accounted for 50.20% market share, valued at US$ 5.92 billion, in 2016.
Market Taxonomy
This report segments the global AES systems on the basis of application, and technology. On the basis of technology, the global AES systems market is classified into electro chemical, thermal storage, mechanical energy storage and other storage technologies. The electro chemical segment is further classified into lithium-ion batteries, lead acid batteries, sodium sulfur batteries, flow batteries and Nickel Metal Hydride (NIMH) & Nickel Cadmium Batteries (NICD). Thermal storage is further classified as Thermo Chemical Energy Storage, Latent Heat Thermal Energy Storage and Sensible Heat Thermal Energy Storage. The Mechanical Energy Storage is classified as Pumped Hydro Energy Storage, Compressed Air & Liquid Air Energy Storage and Flywheel Energy Storage. The application segment is classified as Transportation and Grid Storage. 
Key features of the study:
  • This report provides an in-depth analysis of advanced energy systems and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2016 – 2024), considering 2015 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global advanced energy systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global advanced energy system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the advanced energy systems market
Segmentation
    Global Advanced Energy Storage Market, By Application
    • Transportation
    • Grid Storage
    Global Advanced Energy Storage Market, By Technology,
    • Electro Chemical
      • Lithium-Ion Battery
      • Lead Acid Battery
      • Sodium Sulfur (NAS) Battery
      • Flow Battery
      • Nickel Metal Hydride (NIMH) & Nickel Cadmium Battery (NICD)
Multinational players
Some of the leading players in the AES include ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla Inc.
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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Wednesday, 10 October 2018

Cellulase Market Industry Analysis and Outlook 2018-2026

Cellulase is an enzyme and a prime component of cell wall. Cellulase is also produced from fungi, bacteria, protozoans, plants, and animals. There are three main components of cellulase, namely endoglucanase, exoglucanase, and β-glucosidase, which effectively convert lignocellulosic biomass into fermentable sugar. Cellulase plays a crucial role in hydrolysis of cellulose. It is the most abundant renewable biological resource and a low-cost energy source. The production of bio-based products and bioenergy from less costly renewable lignocellulosic materials would aid the local economy by giving them employment, environment, and fulfilling energy requirement in the country. Cellulases are being commercially produced by several industries worldwide and are widely being used in food, animal feed, fermentation, agriculture, pulp and paper, and textile applications.
Market Dynamics
Cellulase require less energy during refining and it also improves paper quality, owing to which the use of cellulase in paper and pulp has significantly increased. Some other applications of cellulase are deinking of paper, which improves fiber brightness, freeness, cleanliness, and eliminates the usage of alkali. Moreover, the ability of cellulase to decrease viscosity of pulp facilitates efficient drainage of waste in paper mills. Therefore, such applications are expected to increase demand for cellulase in paper & pulp production.
In bioethanol industry, cellulase is widely preferred for production of ethanol, wine, and brewery. Cellulase improves the quality and yield of fermented products and improves extraction and clarification of fruit and vegetable juices. In animal feed industry, it is used to improve nutritional value, silage production, and enhancement of digestibility of grasses.
Cellulase is used in agricultural industry to enhance plant growth, soil fertility, and to control disease in plants. Increasing production of wheat and other cereals is fueling growth of the cellulase market. According to the statistics of Food and Agricultural Organization (FAO), the worldwide production of wheat was 749 million tons in 2016 and it increased at the rate of 1.7% from 2015.
However, processing of cellulase includes high costs. It is one of the largest obstacles for commercialization of biomass bio-refineries because a huge amount of cellulase is consumed for biomass saccharification. Such advantage may restrain use of cellulase for the production biofuel.
Market Outlook
Among applications, textile segment was dominant in the market in 2017. Application of cellulase in textiles has helped in the growth of the textile industry. Cellulase is used due owing to its several beneficial properties in textiles. The acidic cellulase improves the softness and water absorption property of fiber, reduces the tendency for pill formation, and provides a smooth surface with less fur. Cellulase is vastly used in textile applications such as bio polishing of textile fibers, improving fabric quality, biostoning of jeans, and removal of excess dye. The segment is projected to grow over the forecast period. According to a statistics of India Brand Equity Foundation (IBEF), Indian textile market has increased from US$ 99 Billion in 2014 to US$137 Billion in 2016 and exhibited a a CAGR of 17.6% during the period 2014-16.
North America accounted for the highest market share in the global cellulase market in 2017. The region is projected to maintain its dominance over the forecast period, owing to increasing production and use of biofuel. According to a report by United States Energy information Administration in July 2018, the production of biofuel has increased in the U.S. from 1,891 trillion butane to 2,332 trillion, increasing at a CAGR of 5.4 during 2013 to 2017.
To Check The Trending Report of Cellulase Market @ https://www.coherentmarketinsights.com/ongoing-insight/cellulase-market-2146
Key Players in the Global Cellulase Market
Key players operating in the global cellulase market include, MP Biomedicals LLC, Sigma-Aldrich Co. LLC, Worthington Biochemical Corporation, Amano enzyme U.S.A., Prozmix LLC, Creative Enzymes, bioWORLD, Amano Enzyme Inc., Zhongbei Bio-Chem Industry Co., Ltd., and Hunan Hong Ying Biotech Co., Ltd.
Key players are focused on launching new types of cellulase enzyme-containing products, in order to cater to increasing demand for these products from farmers and consumers. For instance, Archer Daniels Midland Company is expanding its specialty feeds ingredients portfolio to include a fiber-degrading enzyme. In February 2018, the company setup their animal feed production line, which contains cellulose enzyme, in the U.S.
Market Taxonomy
On the basis of source type, the global cellulase market is segmented into:
    • Fungi
    • Bacteria
    • Acinomycetes
    • Plants
    • Animals
On the basis of application, the global cellulase market is segmented into:
    • Textile
    • Paper and Pulp
    • Food and Beverages
    • Animal Feed
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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Monday, 8 October 2018

Tungsten Electrode Market Industry Analysis and Growth Outlook 2015-2026

Tungsten electrode is a component, which channels the current required to establish the arc in the process of welding. It helps to reduce exposure during welding. Tungsten electrodes are alloyed with metals such as stainless steels, and nickel. Various sizes of electrodes are used for the different types of materials and welds. Tungsten electrodes perform better with the alternating current (AC) as opposed to direct current (DC). There are several types of tungsten electrode such as pure tungsten, thoriated tungsten, and cerium tungsten used for TIG welding and plasma welding.
Market Outlook
Among application, Tungsten Inert Gas (TIG) welding segment held a significant market share in the global tungsten electrode market in 2017. At 3.422º Celsius, tungsten electrode has the highest melting temperature amongst pure metals. As a result, the electrode is not consumed during TIG welding and it utilizes tungsten electrodes to join the metals in which electrode is shipped without ground tip. Tungsten electrode improves and maintains acceptable starting and arc stability while decreasing burn-off in Tungsten Inert Gas (TIG) welding. These factors are expected to drive growth of the segment over the forecast period.
North America held a dominant position in the global tungsten electrode market in 2017 and it is expected to retain its dominance during the forecast period. This is owing to the presence of key players include Diamond Ground Products, Astaras, Inc. in the region. Moreover, key players are focused on development of new tungsten electrodes to expand their share in the market. For instance, Astaras, Inc. provides tungsten electrodes for application of MIG and TIG welding in North America. The company also offers new tungsten electrodes such as E3 tungsten electrode in the region. The E3 Tungsten has 1.5% lanthanum oxide instead of 2.0% of thorium oxide and offers stable tip geometry with less erosion and improves Arc starting. Every E3 electrode is tested for structural defects by using an eddy current test method.
Key Players
Key players operating in the global tungsten electrode market include, Diamond Ground Products, Astaras, Inc., Weldstone, Winner Tungsten Products Co. Ltd., Huntingdon Fusion Techniques, Metal Cutting, BGRIMM Advanced Materials Science & Technology Co., Ltd., Sunrain Tungsten, and ATTL Advanced Materials Co., Ltd.
To Check The Trending Report of Tungsten Electrode Market @ https://www.coherentmarketinsights.com/ongoing-insight/tungsten-electrode-market-2181
Market Taxonomy
On the basis of product type the global tungsten electrode market is segmented into:
    • Pure Tungsten
    • Thoriated Tungsten
    • Lanthanum Tungsten
    • Cerium Tungsten
    • Others (Yttrium Tungsten, Zirconiated Tungsten, and others)
On the basis of application, the global tungsten electrode market is segmented into:
    • TIG Welding
    • Plasma Welding
    • Thermal Spray
    • Cutting
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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