Thursday, 25 April 2019

Cosmetic Chemicals Market Analysis, Competition status, and Industry Demand 2026


Cosmetic chemicals are chemicals used as an ingredient for formulation of cosmetic products. Cosmetic chemicals can be in the form of moisturizers, thickening agents, surfactants, or additives. Addition of chemicals improvises the appearance of the final product (cosmetics). These chemicals are mainly added to the cosmetics as a preservative, cleanser, moistener, and conditioner and also for giving them a fresh and persistent color.
Market Dynamics
Increasing focus on aesthetic appearance among the populace is a major factor driving growth of the global cosmetic chemicals market. In 2016, the cosmetics and personal care industry in Europe valued US$ 32 billion. Growing spending power is an added advantage to the cosmetic chemicals industry.
However, stringent regulations against use of toxic chemicals are expected to hinder growth of the global cosmetic chemicals market. Cosmetics Regulation (EC 1223/2009), Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act (FPLA) are some of the regulations. The EU and U.S. FDA have banned 1,328 and 11 toxic chemicals, respectively that were used in the formulation of cosmetics and were suspected of causing cancer, genetic mutation, reproductive harm or birth defects. These regulations are expected to hamper growth of the global cosmetic chemicals market during the forecast period.
Market Outlook
Asia Pacific is expected to witness increasing demand for cosmetic chemicals during the forecast period, owing to growing focus towards grooming and skin care products.Moreover, increasing demand for skincare products and perfumes is also expected to boost the market growth.
According to Coherent Market Insights’ analysis, the global perfume industry recorded a revenue of US$ 25.33 billion in 2015.
Key Players
Key players operating in the global cosmetic chemicals market include, BASF SE, The Dow Chemical Company, Evonik Industries AG, Nouryon, Solvay, Croda International Plc., and others.
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Wednesday, 24 April 2019

Thermoplastic Elastomer Market Growth Application, Analysis and Forecast 2018 to 2026


Thermoplastic Elastomers are the flexible materials, which can be stretched without permanently deforming the shape. Thermoplastic elastomers are a physical mix of polymers, which is usually plastic and rubber. Thermoplastic elastomers are manufactured by injection molding and extrusion.
Various automobile parts, such as window handles, gaskets, body seals, wipers, filler panels, rocker panels, and damping pads are manufactured from thermoplastic elastomers. The rise in demand for automobiles and increase in consumer spending on automobiles is expected to drive the growth of thermoplastic elastomers market. Recyclability, waste reduction, and adaptability to modification are some of the properties of thermoplastic elastomers, which has applications in electronic and electrical industry. The rise in demand for safe, light weight, and inexpensive products are some of the drivers for the growth of thermoplastic elastomers market. Expensive raw materials and the high cost of crude oil are the restraint for the thermoplastic elastomer market.
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Thermoplastic Elastomer Market outlook
North America is the major thermoplastic elastomer market. The U.S, Canada, and Mexico are the major economies contributing to the large revenue shares in the thermoplastic elastomer market. Rise in demand for automobiles is expected to drive the growth of this market, owing to the applications of the thermoplastic elastomers in manufacturing of automobile parts. According to International Trade Administration (ITA), an agency in the United States Department of Commerce that promotes United States exports of nonagricultural U.S. services and goods. Canada holds a dominant position in the exportation of automotive parts followed by Mexico. Advances in automobile and technology are the major factors boosting the growth of the thermoplastic elastomer market in North America over the forecast period.
Asia Pacific is the fastest growing region in the thermoplastic elastomers market. China, Japan, and India are the leading economies in this region. China holds a dominant position in thermoplastic elastomers market. According to the China Association of Automobile Manufacturers (CAAM), China sales around 28 million units in 2016, making China the largest vehicle market globally. Automotive parts market of China is valued over US$ 21 billion with 30% annual growth rate. Increasing demand for automobile parts is expected to propel the growth of the thermoplastic elastomer market over the forecast period.
Europe has the largest thermoplastic elastomer market. Germany, Italy, and France are the major economies in the production of thermoplastic elastomers in this region. The thermoplastic elastomer is an alternative for ethylene propylene rubber (EPR) and ethylene propylene diene monomer (EPDM), which has applications in end-use industries. Increasing demand for light weight and hybrid vehicles in Europe are fueling the growth of the thermoplastic elastomer market.
In September 2017, SK Global Chemicals acquire Dows Chemical Company’s ethylene acrylic acid (EAA) ionomers and copolymers business. By this acquisition, SK Global Chemical is expected to acquire Dow Chemical Company’s facilities of production located in Texas, Freeport, and Tarragona. Also, it acquires trademark rights, production technology, and intellectual property. 
Key players in the Thermoplastic Elastomers Market
Key players operating the thermoplastic elastomer market include Covestro AG (Germany), Evonik Industries AG (Germany), Arkema SA (France), LyondellBasell Industries N.V. (Netherlands), Sinopec Group (China), Asahi Kasei Corporation (China), PolyOne Corporation (The U.S.), Teknor Apex Company (The U.S.), Lubrizol Corporation (The U.S.), Tosoh Corporation (Japan), Kraton Corporation (The U.S.) and The Dow Chemical Company (The U.S.).
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Botanical Extracts Market Growth Analysis, Market Trends And Revenue 2018 – 2026


Any drug or pesticide that is made or extracted from parts of plants is referred to as botanical extracts. Demand for botanical extracts is registering steady growth, particularly in pharmaceutical and cosmetic sectors. Increasing awareness regarding the side effects of allopathic medicines together with the growing awareness about therapeutic effects and medicinal benefits of herbal products is driving the growth of global botanical extracts market. The long shelf life of botanical extracts along with its sudden reaction has led to an increase in demand for botanical extracts in the pharmaceutical industry. Functional food segment and self-medication are expected to drive the global botanical extracts market during the forecast period. Use of botanical extracts for weight management, anti-aging, joint & bone health, and digestion, among others, is identified to be a prominent trend in the global market.
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Spices are the largest source of botanical extracts and the segment accounts for the largest share in the global botanical extracts market. It finds significant application in the food and beverage industry. The powder segment is expected to account for a significant market share during the forecast period. Rising trend of exploring new cuisines and growing demand for healthy food will propel the demand for botanical extracts in the food industry.
Botanical Extracts Market Outlook
North America is expected to be the most lucrative market for botanical extracts followed by Europe. Many companies are inclining toward natural herb and botanical extracts products as they are witnessing high demand from every segment of food and beverage industry. According to Canadian Foods and Drugs Act, functional food products in North America are categorized under Generally Recognized as Safe (GRAS). Addition of natural, healthy, and aromatic ingredients to tea is a key trend in the market, which, in turn, demands more botanical extracts in this sector. Substantial demand for organic and fair trade ingredients are bolstering the growth of global botanical extracts market. Also, high investments made in the food and beverage industry to develop new aromas and flavors using spice and plant extracts is expected to fuel the market growth. Botanical extracts market in Europe is driven by shifting consumer preference toward natural products and healthy lifestyle. In street and convenience foods, chilly and pepper are most commonly used, which boost the use of botanical extracts in the food industry. Asia Pacific, being one of the major suppliers of botanical extracts, is an emerging market for the same. The raw materials for botanical extracts are obtained from both cultivated and wild harvested plants. This, in turn, has led to an increase in competition among botanical extracts manufacturers all over the world.
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Manufacturers of botanical extracts are introducing technologies related to extraction methods to expand their portfolio. In April 2017, BOTANIEX, one of the key companies in botanical extracts market introduced a patented cost-effective technology for extracting L-Theanine from green tea, which provides the beverage and supplement industry with an affordable natural ingredient.
Some of the key players in the global botanical extracts market are Frutarom, Ransom Natural Ltd, PT. INDESSO AROMA, Blue Sky Botanics Ltd., Haldin, Dohler, Nutra Green Biotechnology Co. Ltd., Jairamdass Khushiram Impex Pvt. Ltd., Organic Herb Inc., Fytosan, FutureCeuticals, Nexira, Green Source Organics, Acumen Lifesciences, Arjuna Natural Extracts Ltd., Prinova Group LLC, Synergy Flavors, Kalsec Inc., and Synthite Industries Ltd.
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Maltodextrin Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

Maltodextrin is a white hygroscopic polymeric carbohydrate, which finds major application as additives in food and beverage products to enhance their texture and mouthfeel. It is derived from corn or wheat starch by partial hydrolysis in the presence of acids or enzymes. Apart from food, maltodextrin finds application in horticulture insecticides used in both field and greenhouses. In pharmaceutical industries, maltodextrin is used as filler and stabilizer in drug capsules.
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Market Dynamics:-
Maltodextrin finds major applications in food & beverages industry as thickening agent, preservative, and binders. It is also regarded as safe over other carbohydrates for diabetic people, owing to its low dextrin value. Maltodextrin is also taken as sports nutrients to gain weight. Growing urbanization, changing lifestyle, and rising demand for convenience food is increasing demand for processed & canned food, which is expected to drive growth of the maltodextrin market over the forecast period. For instance, according to the Organization for Economic Co-operation and Development, the global market value of packaged foods is projected to grow from US$ 793.3 billion in 2015 to US$ 872.7 billion by 2020.
In beer industry, maltodextrin is added while beer is aging to increase the specific gravity of the final product without changing the alcohol content or flavor of the beverage. Maltodextrin also improves beer’s mouthfeel, retains the frothy head, and reduces drink dryness. Growing beer industry is expected to drive growth of the global maltodextrin market over the forecast period. For instance, according to Brewers of Europe, beer consumption in Europe was registered at 40.4 million liters in 2013, which increased to 41.6 million liters in 2016.
Maltodextrin possesses high glycemic index, which could increase the blood sugar level if taken in high quantity. Maltodextrin is also susceptible to harm gut bacteria. These factors may limit the use of maltodextrin in food, which is expected to hamper growth of the maltodextrin market over the forecast period.
Market Outlook:-
Asia Pacific region holds dominant position in the global maltodextrin market, owing to increasing population, rising demand for convenience food, growing urbanization, and increasing beer consumption in the region. For instance, according to the World Health Organization, in 2016, China contributed 22.4% share in global beer consumption. Moreover, beer consumption in India increased by 8% during 2011-16, as per WHO, which gives the major growth to maltodextrin industry.
Key players in the Global Maltodextrin Market:-
Key players operating in the global maltodextrin market include Cargill Inc., BASF SA, Tereos SA, Grain Processing Corp, Global Sweeteners Holdings Ltd., Ingredion Inc., Archer-Daniels-Midland Company, Gujarat Ambuja Exports Ltd., Henan Feitian Agricultural Development, and Nowamyl SA.
Major companies are adopting organic and inorganic growth strategies, in order to enhance their product portfolio. For instance, in July 2018, Archer Daniels Midland Company, in association with Vedan International, launched a new line of tapioca maltodextrin product range.
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Aquaponics Market Analysis, Competition status, and Industry Demand 2026

Aquaponics is a combination of aquaculture (growing of fishes) and hydroponics (growing of plants in water). In aquaponics, both these methods are combined to grow fishes and plants together. The nitrifying microorganisms present in water (rhizobacteria, fungi, micro plankton, etc.) convert the waste excreted by fishes to nitrates. These nitrates are then taken up by plants for their growth. Thus, in aquaponics, plants grow together with fishes in one integrated system.
Market Dynamics:
Aquaponic plants have the potential to become a major source of food by which it can contribute to the growing demand for food. According to the report ‘Agricultural productivity and innovation’, published by Food and Agricultural Organization, 2018, agriculture will need to produce almost 50% more food, feed, and biofuel in 2050 than it did in 2012 to meet the demand of increasing population, which is expected to reach 9.7 billion in 2050.
Aquaponics farming offer water as well as nutrients efficient growing of plants, as plants are grown without use of soil, pesticides, herbicides or any chemical fertilizers. Moreover, crops can be grown any time in a year irrespective of the climate. Therefore, ability of aquaponics to serve as a sustainable solution for growing food plants is expected to drive the aquaponics market growth.
Market Outlook:
Aquaponics also has the potential to become sustainable solution of fish production to meet rising demand for fish and fish products. According to the report ‘The State of World Fisheries And Aquaculture’ published by Food and Agricultural Organization (FAO) in 2018, the global apparent consumption of fish increased to around 151 million tons in 2016 from around 140 million tons in 2013, whereas world edible fish consumption in 2030 is projected to be 20% higher than that in 2016. Therefore, aquaponics has the potential to cater to increasing fish demand, which in turn is expected to boost the aquaponics market growth.
Key players:
Key players operating in the global aquaponics market include Ouroboros Farms, Future Foods Farms, Nelson and Pade, Inc., Ecf Farmsystems GMBH, Oko Farms, Bioaqua Farm, BIGH farm, GrowUp Urban Farms Ltd., Aquaponics Innovations, Midas Aquaponics, Southwest Aquaponics & Fish Hatchery LLC., and Bustan Aquaponics
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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Wind Turbine Composites Market Industry Analysis - Expected growth 2026

Wind Turbine Composites are being progressively used in the manufacture of wind turbine components. Superior mechanical properties, decreased operating expenditure, and a long lifespan has resulted in its increased use in the wind energy industry. Also, the lightweight property of composites enable the blades to rotate faster than other materials at the same wind speed. Moreover, reduced weight of turbine leads to less robust turbine requirements.
The major drivers are a shift towards renewable sources of energy in developed markets of Europe and North America. The increased lifespan and low operating expenditures have enabled it to be used in offshore wind energy installations as well. The major challenges are the high cost of composites and issue of reuse and recyclability of composite materials.
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Glass and carbon fibers are the most commonly used fibers. Glass fiber is the most commonly used composite material for wind energy equipment. It is cheaper and less brittle compared to carbon fiber. Carbon fiber has superior mechanical properties such as high strength, lightweight, and corrosion resistance.
Pre-preg process involves reinforcing a fiber with a pre-impregnated resin. Pre-preg requires less curing time, less waste generation, and provides superior strength properties. VARTM process is quicker as it combines and cures the fiber and resins in one step. Also, the process is cost affective and has a scope for automation which has potential to further drive down costs. Hand lay-up is an open molding process, as it involves placing of mold by hand and wetting with resin. Although, it is the cheapest manufacturing process and is susceptible to manufacturing defects.
Wind Turbine Composites Market Outlook
Asia Pacific is the fastest growing region in the wind turbine composites market. According to the Global Wind Energy Council, China alone has installed 23.4 GW of new capacity. The growing market in China is a result of a vision to become energy dependent and sustainable. However, China is highly dependent on hydrocarbon imports from Middle East countries. Also, concerns regarding air quality due to coal emissions has led to the shift towards the use of renewable energy.
Europe saw an increase of 1,558 MW of offshore wind installations. Germany and U.K are the major players in the European wind energy market. Strict regulation regarding emissions and carbon footprint has resulted in increased renewable energy development. In 2016, wind energy crossed coal to become the second largest power generator after natural gas.
North America is a major player in wind energy. The Southwest Power Pool which provides power to 14 states in the central U.S was served by wind energy for 52.1% of the grid’s load. Although, low shale gas prices in the U.S has resulted in the slowdown of investments in renewable sources of energy.
The Middle East and North Africa are emerging markets for wind energy. Saudi Arabia, Kuwait, and UAE are the major players in this region. The region has tremendous potential but growth is slow due to large hydrocarbon reserves in the region.
Latin America is a world leader in renewable resources with 52% of energy production from renewable sources. Although, hydropower accounted for the major share. Moreover, lack of abundant hydrocarbon reserves has driven the growth for wind energy market.
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In 2016, Gamesa Corp supplied 94 wind turbines to DONG Energy for the Borselle 1 and 2 wind project in the Netherlands. The project has boosted the wind turbines composites market in Europe.
Key Players in the Wind Turbine Composites Market
Key players in the wind composites market include Toray Industries, Cytec Industries Inc., Royal TenCate nv, Gurit Holding AG, Hexel Corporation, and Teijin Limited, TPI Composites, Inc., Gamesa Corporation Technology, Vestas Wind Systems A/S, and Suzlon Energy Limited
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Monday, 15 April 2019

Corrosion Resistant Resin Market Industry Trends, Share, Size and 2026 Forecasts Report

Resin is a highly viscous or solid substance which can be natural or of synthetic origin. Corrosion resistance resins are mainly formulated as isophthalic, vinyl ester, and terephthalic resins to impart desired property of corrosion resistance. Oil & gas, automotive, and marine industries have witnessed a surge in recent years. However, one of the major challenges faced by companies operating in these industries is corrosion. Corrosion leads to high monetary and property losses across the aforementioned industries. Corrosion resistant resin is witnessing increased acceptance in these industries, owing to its resistance to solvents, chemicals, moisture, and high temperature range. Corrosion resistant resin finds a wide range of application in glass containers, stainless steel, and painted steel, among others.
Growing demand for composite materials is one of the major factors boosting growth of corrosion resistant resin market. Moreover, conventionally used metals such as carbon steel and aluminum are being replaced by composites due to their added advantages such as cost effectiveness and low maintenance. Corrosion resistance materials are anticipated to witness high demand in the chemical industry, where losses due to corrosion leads to significant revenue losses. Consumption of corrosion resistant resins for application in equipment, structures and machineries is expected to increase in the near future.
Epoxy resin product segment is expected to remain dominant in the global corrosion resistant resin market, due to its excellent corrosion resistance property, easy application and affordable cost. Epoxy coatings are widely used to prevent corrosion in manufacturing equipment, tanks for corrosive chemicals, underground storage tanks, industrial scrubbers, effluent management, and pressure transfer pipe. Vinyl resin is used in marine industry to prevent the blistering of the hull ships. Replacing the conventional methods of applying protective paints by resin is increasing rapidly in various end-use industries such as infrastructure, oil & gas, and automotive, among others. This is mainly attributed to the properties of composites such as easy installation, corrosion resistance, and ease of operation at elevated temperatures.
Corrosion Resistant Resin Market Outlook - Increasing Focus on Cutting Losses due to Corrosion Expected to Propel Market Growth
Asia Pacific is expected to be the most potential market for corrosion resistant resin manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Rapidly increasing industrialization, GDP growth, and demand for improved and modern infrastructure in the region is expected to fuel the demand for corrosion resistant resins in the region, which in turn is anticipated to augment growth of the corrosion resistant resin market. According to India Brand Equity Foundation (IBEF)—a trust by the Department of Commerce, Ministry of Commerce and Industry, Government of India—in FY2020 the Indian construction Industry is projected to be valued at US$ 5 billion. This is projected to create a highly conducive environment for growth of the market. Moreover growing foreign investments in industries such as infrastructure and transportation in growing economies such as India is expected to boost growth of corrosion resistant resin market in Asia Pacific. China is one of the major markets owing to its deep-rooted industrial base. Middle East and Africa are emerging markets for the corrosion resistant resins due to increasing application in the oil & gas industry. On the other hand, Europe and North America are expected to exhibit relatively slower growth in market size over the forecast period.
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Fluctuating prices of raw material is expected to be one of the restraining factors for the growth of corrosion resistant resin market over the forecast period. This is mainly due to fact that raw materials used for manufacturing corrosion resistant resins comprise majority of petroleum products. Some of the companies operating in the global corrosion resistant resin industry are Reichhold Inc., Huntsman Corporation, Olin Corporation, Scott Bader Company Limited, Ashland Inc., Aditya Birla Chemicals, Polynt Composites Inc.
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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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