Bulk chemicals are also known as commodity chemicals, and are manufactured on a large scale to serve as intermediates or feedstock for a host of downstream and specialty chemicals. They are primarily price driven and are charact ....see more
The phosphoric acid market is expected to grow from USD 46.4 billion in 2022 to USD 56.8 billion by 2027, at a CAGR of 4.1% during the forecast period. The key market players profiled in the report include ICL Group Ltd. (Israel), OCP Group S.A. (Morocco), The Mosaic Company (US), Nutrien Ltd. (Canada), Eurochem Group AG (Switzerland), Phosagro Group of Companies (Russia), and IFFCO (India) among others.
The glycolic acid market is expected to grow from USD 327 million in 2022 to USD 450 million by 2027, at a CAGR of 6.6% during the forecast period. The Chemours Company (US), China Petrochemical Corporation (China), CABB Group GmbH (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China) are key players in glycolic acid market.
The food grade lubricants market is expected to reach USD 495 million by 2027, at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The key players ExxonMobil Corporation (US), TotalEnergies SE (France), FUCHS Petrolub AG (Germany), BP plc. (UK), Petro-Canada Lubricants Inc. (Canada), Chevron Corporation (US), The DOW Chemical Company (US), Kluber Lubrication Munchen SE & Co. KG (Germany), SKF (Sweden) and Illinois Tools Works Inc. (US) among others.
The white inorganic pigments market is expected to grow from USD 22.7 billion in 2021 to USD 29.5 billion by 2026, at a CAGR of 5.4% during the forecast period. Venator Materials PLC (UK), The Chemours Company (US), Tronox Holdings plc (US), LANXESS (Germany), and KRONOS Worldwide, Inc. (US) are key players in white inorganic pigments market.
The maleic anhydride market is expected to grow from USD 2.8 billion in 2021 to USD 3.4 billion by 2026, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.The key players Huntsman Corporation (US), Changzhou Yabang Chemical Co., Ltd. (China), Shanxi Qiaoyou Chemical Co., Ltd. (China), Polynt-Reichhold Group (Italy), Zibo Qixiang Tengda Chemical Co., Ltd. (China), Mitsubishi Chemical Corporation (Japan), Nippon Shokubai Co., Ltd.(Japan), LANXESS AG( Germany), Gulf Advanced Chemical Industries Co., Ltd. (Saudi Arabia), Ningbo Jiangning Chemical Co., Ltd. (China), China Bluestar Harbin Petrochemical Co, Ltd.(China), Nan Ya Plastics (Taiwan), Shijiazhuang Bailong chemical Co., Ltd.( China), Yongsan Chemical Co., Ltd.( South Korea), IG Petrochemicals Ltd.( India), MOL Plc( Hungary), PT Justus Sakti Raya (Indonesia ), Global Ispat Koksna Industrija d.o.o. Lukavac (Bosnia & Herzegovina), Tianjin Bohai Chemical industry group Co., Ltd.( China), Cepsa (Spain), Ruse Chemicals (Bulgaria), Yunnan Yunwei Company Limited (China), Shanxi Taiming Chemical Industry Co., Ltd.( China), Huanghua Hongcheng Business Corp., Ltd. (China), and Aekyung Petrochemical Co., Ltd. (South Korea).
The Electric Vehicle Fluids market is projected to reach USD 8,644 million by 2030, at a CAGR of 31.2% during the forecast period. The electric vehicle fluids market has a high degree of competition. The key players in this market are Royal Dutch Shell plc (Netherlands), ExxonMobil Corporation (US), BP plc. (UK), TotalEnergies SE (France), FUCHS Petrolub AG (Germany), Petronas (Malaysia), ENEOS Corporation (Japan), Repsol S.A. (Spain), Valvoline Inc. (US), and PTT (Thailand), among others. The leading players are focusing on various strategic initiatives such as new product launches and expansions to retain their position in the market.
The global Chlor-Alkali market size is projected to reach USD 77.4 billion by 2026, at a CAGR of 4.1% during the projected period. The leading players in the Chlor-Alkali market are Olin Corporation(US), Westlake Chemical Corporation (US), Tata Chemicals Limited (India), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Solvay SA (Belgium), Tosoh Corporation (Japan), Hanwha Solutions Corporation (South Korea), Nirma Limited (India), AGC, Inc. (Japan), Dow Inc. (US), Xinjiang Zhongtai Chemical Co. Ltd. (China), INOVYN (UK), Ciner Resources Corporation (US), Wanhua-Borsodchem (Hungary), and others.
The global market for propylene oxide is projected to reach USD 29.5 billion by 2026, at a CAGR of 5.6% during the projected period. Some of the leading players operating in the propylene oxide market include companies like Dow Inc. (US), LyondellBasell Industries Holdings B.V. (Netherlands), Royal Dutch Shell PLC (Netherlands), BASF SE (Germany), SKC Company (South Korea), AGC Inc. (Japan), Repsol (Spain), Sumitomo Chemical Co., Ltd. (Japan), Tokuyama Corporation (Japan), Indorama Ventures Public Company (Thailand), INEOS Oxide (Switzerland), Jishen Chemical Industry Co. Ltd. (China), Manali Petrochemicals (India), Tianjin Dagu Chemical Co., Ltd. (China), PJSC Nizhnekamskneftekhim (Russia), PCC Rokita (Poland), Wudi XINYUE Chemical Co., Ltd. (China), Oltchim S.A. (Ukraine), Wanhua Chemical Group Co. Ltd. (China), S–OIL Corporation (South Korea), Tokyo Chemical Industry Co. Ltd. (Japan). Befar group (China), and Merck KGaA (Germany). These players have acquisitions, agreements, expansions, and joint ventures as the major strategies to consolidate their position in the market.
The Refrigeration Oil Market is expected to grow from USD 1.1 billion in 2021 to USD 1.4 billion by 2026, at a CAGR of 4.1% during the forecast period. The key market players profiled in the report include Eneos Holdings Inc. (Japan), BASF SE (Germany), Idemitsu Kosan Co. Ltd (Japan), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Total Energies SE(France), China Petrochemical Corporation (Sinopec Corp), Petroliam Nasional Berhad(Petronas), FUCHS Petrolub SE (Germany), Johnson Controls(Ireland) among others.
The Industrial wax market is projected to reach USD 8.9 billion by 2025, at a CAGR of 4.0% during the forecasting period. Key players such as ExxonMobil (U.S.), Royal Dutch Shell PLC (Netherlands), Sinopec (China), Sasol Ltd (South Africa), CEPSA (Spain), Hollyfrontier Corporation (U.S.),Calumet Specialty Products Partners (US),Gandhar Oil refinery (India), Numaligarh Refinery Limited (India), Petróleo Brasileiro (Brazil), The PJSC Lukoil Oil Company (Russia). are the top 10 manufacturers are covered in the industrial wax market. They have adopted various strategies to expand their market presence and enhance their growth prospects for the industrial wax market.
The Lubricant Anti-wear Agents Market is expected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% during the forecast period. Afton Chemical (US), BASF SE (Germany), Chevron Oronite (US), Solvay (Belgium), LANXESS (Germny) are some of the leading players operating in the lubricant anti-wear agents market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.
The 1-decanol market size is projected to reach USD 264 million by 2025, at a CAGR of 5.9% during the forecasting period. Major players profiled in the report include Kao Corporation (Japan), Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Sasol (South Africa), Musim Mas Holdings (Singapore), Emery Oleochemicals (Malaysia), Royal Dutch Shell (Netherlands), ExxonMobil Corporation (US), and BASF SE (Germany).
The Aliphatic Hydrocarbon Solvents & Thinners Market is expected to grow from USD 3.4 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 4.5% during the forecast period. ExxonMobil Chemical, Inc. (US), SK Global Chemical Co., Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), Calumet Specialty Products Partners, L.P. (US), Gotham Industries (Canada), Gulf Chemicals and Industrial Oils Co. (Saudi Arabia), Recochem Inc. (Canada), HCS Group (Germany), W.M. Barr (US), Ganga Rasayanie (P) Ltd (India), NOCO Energy Corporation (US), Gadiv Petrochemical Industries Ltd. (Israel), Hunt Refining Company (US), Honeywell International Inc. (US), BASF SE (Germany), and LyondellBasell Industries Holdings B.V. (Netherlands) are some of the leading players operating in the aliphatic hydrocarbon solvents & thinners market.
The global base oil market is expected to be reach USD 36.7 billion by 2025, at a CAGR of 5.0% during the forecasting period. Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL CORPORATION (South Korea), Motiva Enterprises LLC (US), SK Innovation Co., Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the base oil market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.
The global fatty alcohols market size is expected to grow USD 7.0 billion by 2025, at a CAGR of 5.2%, by value, during the forecast period. The Wilmar International Ltd. (Singapore), Kuala Lumpur Kepong Berhad (Malaysia), Musim Mas Holdings (Singapore), Godrej Industries Limited (India), Procter & Gamble (US), VVF L.L.C. (India), Sasol (South Africa), Kao Corporation (Japan), Emery Oleo Chemicals (Malaysia), and Royal Dutch Shell Plc. (Netherlands) among others are the key players operating in the fatty alcohols market.
In 2020, the syngas & derivaties market is expected to grow 4,06,860 MWth by 2025, at a CAGR of 10.6% during the forecasting period. Key market players covered in this report includes Sasol Limited (South Africa), Haldor Topsoe A/S (Denmark), Air Liquide S.A.(France), Siemens AG (Germany), Air Products and Chemicals Inc. (US), KBR Inc. (US), Linde plc (UK), BASF SE (Germany), TechnipFMC PLC (UK), McDermott International, Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), Chiyoda Corporation (Japan), Synthesis Energy Systems, Inc. (US), Yara International ASA (Norway), Methanex Corporation (Canada), CF Industries Holdings, Inc. (US), Dow Inc. (US), and John Wood Group PLC (UK), among others.
The global antifreeze/coolant market size is expected to grow USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8% during the forecasting period. The global Antifreeze/coolants market comprises major manufacturers, such as ExxonMobil Corporation (US), Royal Dutch Shell Plc (Netherland), Chevron Corporation (US), BP Plc (UK), Total S.A. (France), BASF SE (Germany), and LUKOIL (Russia). Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the antifreeze/coolant market.
The solid sulphur market is expected to grow from USD 3.2 billion in 2020 to USD 23.7 billion by 2025 at a compound annual growth rate (CAGR) of 3.0 %. during the forecast period.Abu Dhabi National Oil Company (UAE), Marathon Petroleum Corporation (US), Qatar Petroleum (Qatar), Gazprom (Russia), Saudi Aramco (Saudi Arabia), and Chemtrade Logistics (Canada) are the key players operating in the solid sulphur market.
The lubricants market is expected to grow from USD 164.3 billion in 2019 to USD 165.5 billion in 2021 at a compound annual growth rate (CAGR) of 0.36% during the forecast period.The key lubricants market players profiled in the report include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (US), Chevron Corporation (US), BP p.l.c. (UK), Total S.A. (France), PetroChina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan).
The persulfate market is expected to grow from USD 730 million in 2020 to USD 861 million by 2025 at a compound annual growth rate (CAGR) of 3.4% during the forecast period.The key companies profiled in the global persulfates market research report are PeroxyChem (US), United Initiators (Germany), Mitsubishi Gas Chemical Company (Japan), Ak-Kim Kimya (Turkey), Adeka Corporation (Japan), and Fujian Zhanhua Chemical Company (China).
The lithium compounds market is expected to grow from USD 5.3 billion in 2020 to USD 13.5 billion by 2025, at a compound annual growth rate (CAGR) of 20.6% during the forecast period.Key players in this market are Sociedad Quimica y Minera de Chile S.A. (SQM) (Chile), Livent Corporation (US), Albemarle Corporation (US), Tianqi Lithium Industries Inc. (China), Ganfeng Lithium Company Limited (China). Other noteworthy public and private players are China Lithium Products Technology Company Limited (China), Sichuan Ni&Co Guorun New Materials Company Limited (China), Shanghai China Lithium Industrial Company Limited (China), Nemaska Lithium Inc. (Canada), Bacanora Lithium (United Kingdom), Lithium Americas (Canada), Galaxy Resources Limited (Australia), Orocobre Limited (Australia), Shandong Ruifu Lithium Industry Company Limited (China), Neo Lithium Corporation (Canada), and Millennial Lithium Corporation (Canada).
The textile finishing chemicals market is expected to grow from USD 6.2 billion in 2019 to USD 8.2 billion by 2024, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.Huntsman Corporation (US), Wacker Chemie AG (Germany), The Dow Chemical Company (US), BASF (Germany), Archroma (Switzerland), Evonik Industries (Germany), Dupont (US), Solvay SA (Belgium), Tanatex Chemicals B.V (Netherlands), and Dystar Singapore PTE Ltd. (Singapore) are the leading textile finishing chemicals manufacturers.
The Electronic Grade Sulfuric Acid Market is expected to grow from USD 300 million in 2019 to USD 415 million by 2024, at a CAGR of 6.7% during the forecast period. BASF SE (Germany), INEOS Group Holdings S.A. (UK), Chemtrade Logistics (Canada), KMG Chemicals (US), Kanto Chemical Co., Inc. (Japan), Trident Group (India), The Linde Group (Ireland), PVS Chemicals (US), Reagent Chemicals (UK), and Moses Lake Industries (US) are the major players in the electronic grade sulfuric acid market.
The calcite market is expected to grow from USD 10.1 billion in 2019 to USD 13.0 billion by 2024, at a compound annual growth rate (CAGR) of 5.2% during the forecast period.Companies such as Imerys S.A. (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Gulshan Polyols Ltd. (India), Nordkalk Corporation (Finland), Wolkem India Ltd. (India), and Sibelco (Belgium) are the major players in the calcite market.
The microcrystalline cellulose (MCC) market is expected to grow from USD 938 million in 2019 to USD 1,315 million by 2024, at a compound annual growth rate (CAGR) of 7.0%, during the forecast period.Key players operating in the MCC market are DuPont (US), Asahi Kasei Chemicals Corporation (Japan), Rayonier Advanced Materials (US), Roquette (France), and DFE Pharma GmbH & Co.KG (Germany), among others.
The Zinc Oxide Market is expected to grow from USD 4.4 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 5.4% during the forecast period. The key players in the zinc oxide market are US Zinc (US), Zochem (US), EverZinc (Belgium), ZM Silesia (Poland), Akrochem (South Africa), Rubamin (India), Pan-Continental Chemical (Taiwan), J.G. Chemicals (India), Upper India (India), and Suraj Udyog (India)
The polyglycolic acid market is expected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co, .Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US) are the key players operating in the polyglycolic acid market.
The Glyoxal Market is expected to grow from USD 265 million in 2019 to USD 326 million by 2024, at a CAGR of 4.3% during the forecast period. BASF SE (Germany), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), WeylChem International GmbH (Germany) and Haihang Group (China) are some of the leading players with a substantial glyoxal market share in 2018. Investment & expansion and merger & acquisition were the major growth strategies adopted by the market players between 2014 and 2018 to enhance their regional footprint and meet the growing demand for Glyoxal in the emerging economies.
The calcium carbonate market size is projected to grow from USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0%. The growth of the calcium carbonate market can be attributed to the increased usage as a filler in the paper industry as a replacement for fibers, talc, and kaolin because of its lower price.calcium carbonate market are Imerys (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Mississippi Lime Company (US), Carmeuse (Belgium), Sibelco (Belgium), Midwest Calcium Carbonate (US), Calcinor SA (Spain),
The propanol market size is estimated at USD 3.5 billion in 2018 and is projected to reach USD 4.2 billion by 2023, at a CAGR of 4.0%. The propanol market is majorly driven by the household & personal care and pharmaceutical applications in APAC, mainly from India, China, Japan, South Korea, and Southeast Asian countries. Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (US), BASF SE (Germany), The Dow Chemical Company (US), LG Chem Ltd. (South Korea), Sasol Limited (South Africa), Eastman Chemical Company (US), Tokuyama Corporation (Japan), LCY Chemical Corp. (Taiwan), JXTG Holdings, Inc. (Japan), Deepak Fertilisers and Petrochemicals Corporation Ltd. (India), and OXEA GmbH (Germany)
The phase transfer catalyst market is projected to grow from USD 960 million in 2018 to USD 1,232 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2018 to 2023. Rising demand and adoption of green chemistry in organic synthesis is the major factor driving the growth of the phase transfer catalyst market across the globe.SACHEM Inc. (US), Tokyo Chemical Industry Co., Ltd. (Japan), Nippon Chemical Industrial Co., Ltd. (Japan), Dishman Group (India), PAT IMPEX (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), Central Drug House (P) Ltd. (India), Pacific Organics Private Limited (India), Otto Chemie Pvt. Ltd. (India), and Volant-Chem Corp. (China) are the key players operating in the phase transfer catalyst market
The compressor oil market size is estimated to be USD 10.1 billion in 2018 and is projected reach USD 13.2 billion by 2023, at a CAGR of 5.6% between 2018 and 2023. Compressor oils are mixtures of base oils and additives. The additives help enhance, add, or suppress unwanted properties of the base oil. They are usually produced in a liquid or semi-solid state. Compressor oils are utilized to reduce friction between moving surfaces of the compressor. In addition, compressor oils help reduce wear and tear of machinery and prevent overheating and corrosion, which increases the efficiency of the machine. The growing end-use industries such as oil & gas, general manufacturing, and chemical & petrochemical drive the demand for compressor oil. On the other hand, technological advancement and oil rejuvenation are restraining the market growth.Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum Plc ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).
The global succinic acid market is estimated to be USD 132 million in 2018 and is projected to reach USD 183 million by 2023, at a CAGR of 6.8%. The growth in the food & beverage, industrial, and pharmaceutical industries is expected to drive the market.
The fly ash market is estimated to grow from USD 3.4 billion in 2018 to USD 4.5 billion by 2023, at a CAGR of 6.0%. The fly ash market has been growing owing to the growth in the construction industry, increasing focus on infrastructure and road paving, problems related to dumping fly ash, promotion of fly ash by governments of various countries, and increasing focus on the use of environment-friendly products.Key players in the market include Boral Limited (Australia), CEMEX S.A.B. de C.V. (Mexico), Lafarge North America Inc. (US), Charah Inc. (US), Separation Technologies LLC (US), Aggregate Industries (UK), FlyAshDirect (US), Salt River Materials Group (US), and Ashtech (India) Pvt. Ltd. (India).
The paper pigments market is estimated to be USD 13.52 billion in 2018 and is projected to reach USD 17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023. The high demand for paper in emerging countries is leading to the increasing consumption of paper. Despite the increasing use of electronic devices and e-publishing, both, the demand for coated as well as uncoated paper is projected to drive the paper pigments market.Companies such as Omya (Switzerland), Imerys (France), Minerals Technologies (US), BASF (Germany), Ashapura Group (India), Huber (US), Kemira Oyj (Finland), Chemours (US), Thiele Kaolin Company (US), and KaMin/CADAM (US), have adopted various developmental strategies, such as mergers & acquisitions, agreements, partnerships & joint ventures, and investments & expansions to enhance their footholds in the market.
The Purified Terephthalic Acid (PTA) market is projected to grow from USD 48.14 Billion in 2018 to USD 61.78 Billion by 2023, at a CAGR of 5.1% during the forecast period. Purified terephthalic acid is used to manufacture polyester resins, such as polyester fiber & yarn, PET, and polyester films. It is also used to manufacture various chemical intermediates, such as liquid crystal polymers, cyclohexane dimethanol, and polytrimethylene terephthalate. Key players operating in the purified terephthalic acid market include Reliance Industries Limited (India), Sinopec Corporation (China), British Petroleum (UK), Indorama Ventures Public Company (Thailand), and SABIC (Saudi Arabia).
The sodium silicate market size was estimated to be USD 8.91 Billion in 2017 and projected to reach USD 11.03 Billion by 2022, registering a CAGR of 4.4% between 2017 and 2022. The growing demand for detergents globally and rising demand for precipitated silica from the rubber & tire industry are expected to be the major drivers for the global sodium silicate market during the forecast period. The key companies profiled in the sodium silicate market research report are PQ Corporation (US), Occidental Petroleum Corporation (US), Tokuyama Corporation (Japan), Nippon Chemical Industrial (Japan), BASF (Germany), Kiran Global Chem Limited (India), Sinchem Silica Gel (China), Shijiazhuang Shuanglian Chemical Industry (China), IQE Group (Spain), and CIECH (Poland).
The benzoic acid market is projected to grow from USD 1,009.9 Million in 2018 to USD 1,313.5 Million by 2023, at a CAGR of 5.4% from 2018 to 2023. Benzoic acid is extensively used to manufacture sodium benzoate and potassium benzoate which are also known as its derivatives.Key players operating in the benzoic acid market include Emerald Performance Materials (US), Wuhan Youji Industries Co. (China), Tianjin Dongda Chemical Group (China), and Liao Ning Huayi Chemical Industry & Commerce Co. (China), among others. These companies focus on investing in capacity expansions of plants to achieve growth in the benzoic acid market.
The Tetrahydrofuran (THF) market was valued at USD 2.77 Billion in 2016 and is projected to reach USD 4.12 Billion by 2022, at a CAGR of 6.9% during the forecast period from 2017 to 2022. The growing demand for spandex fibers and polyurethane across the globe is driving the growth of the THF market. The key players operating in the THF market are BASF (Germany), Dairen Chemical (Taiwan), Ashland (US), INVISTA (US), Mitsubishi Chemical (Japan), LyondellBasell (the Netherlands), Sipchem (Saudi Arabia), Penn A Kem (US), Nova Molecular Technologies (US), and BioAmber (US), among others. These companies have adopted various dynamic business strategies to strengthen their position in the THF market.
The anhydrous aluminum chloride market is projected to grow from USD 772.8 Million in 2017 to USD 948.6 Million by 2022, at a CAGR of 4.19% during the forecast period. This growth can be attributed to the increasing use of anhydrous aluminum chloride as a catalyst in the chemical industry for various applications, such as dyes and pigments, pesticides, pharmaceuticals and cosmetics, and hydrocarbon resins. Gulbrandsen (US), Aditya Birla Chemicals (India), Gujarat Alkalies and Chemicals (India), BASF (Germany), Kemira Oyj (Finland), and Nippon Light Metal (Japan) are some of the key market players operating in the anhydrous aluminum chloride market.
The itaconic acid market is projected to grow from USD 83.8 Million in 2017 to USD 102.3 Million by 2022, at a CAGR of 4.1% from 2017 to 2022. The increasing demand for bio-based unsaturated polyester resin and its non-toxic properties are fueling the growth of the itaconic acid market across the globe. Itaconix Corporation (UK), Qingdao Langyatai (China), Zhejiang Guoguang (China), Alpha Chemika (India), Shandong Kaison (China), Jinan Huaming (China), Iwata Chemical (Japan), Aekyung Petrochemical (South Korea), Ronas Chemical (China), and Chengdu Jinkai (China), among others, are some of the leading players operating in the itaconic acid market. These companies have adopted various organic and inorganic growth strategies, such as agreements, acquisitions, expansions, and joint ventures to increase their global presence and enhance their position in the itaconic acid market.
The global Methyl Tertiary Butyl Ether (MTBE) market was valued at USD 14.33 Billion in 2016 and projected to reach USD 18.99 Billion by 2022, at a CAGR of 4.8% during the forecast period. The use of MTBE as oxygenate is rising rapidly in Asian and Middle Eastern & African countries due to environmental restrictions to curb air pollution. Furthermore, MTBE producers are extensively involved in expansions and acquisitions to secure their positions in the MTBE market. Some of the leading producers of MTBE are SABIC (Saudi Arabia), Evonik (Germany), China National Petroleum Corporation (China), Huntsman International (US), Eni (Italy), Sinopec (China), LyondellBasell (Netherlands), Shell (Netherlands), Emirates National Oil Company (UAE), and Qafac (QATAR). These players adopted various organic and inorganic developmental strategies between 2013 and 2017.
The LLDPE market is estimated to be USD 51.89 Billion in 2017 and is projected to reach USD 67.83 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022. Rising concerns pertaining to plastic disposal are acting as a restraint to the growth of the LLDPE market. Sinopec (China), LyondellBasell (Netherlands), Exxon Mobil (US), SABIC (Saudi Arabia), The Dow Chemical Company (US), Borealis (Austria), Formosa Plastics (Taiwan), INEOS (Switzerland), and Westlake Chemical (US) are leading players operating in the LLDPE market.
The acetaldehyde market is estimated at USD 1.33 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 6.24% during the forecast period. This growth can be attributed to the increasing demand for acetaldehyde in the water treatment application. In addition, the demand for high-quality derivatives in emerging economies is another significant factor contributing to the growth of the acetaldehyde market.Celanese (US), Eastman (US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko (Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY Chemical (Taiwan), and Ashok Alco-chem (India) are the leading players in the acetaldehyde market.
The global iodine market is estimated at USD 832.1 Million in 2017 and is projected to reach USD 1,041.0 Million by 2022, at a CAGR of 4.58% between 2017 and 2022. The market is witnessing growth due to the increasing use of iodine in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and use in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine. Iodine manufacturers such as Sociedad Química y Minera (SQM) (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), Algorta Norte SA (Chile), Nippoh Chemicals Co., Ltd (Japan), Kanto Natural Gas Development Co., Ltd (Japan), Toho Earthtech Co., Ltd (Japan), and Godo Shigen Co., Ltd (Japan) are covered in the report.
The monochloroacetic acid (MCA) market is estimated at USD 762.6 Million in 2017 and is projected to reach USD 908.9 Million by 2022, at a CAGR of 3.6% between 2017 and 2022. The growth of the market is driven by the increasing demand of MCA for the production of CMC, agrochemicals, and surfactants, which are used in the building & construction, food & beverage, pharmaceutical, agriculture, and oil & gas industries. In addition, rising GDP, growing disposable income, and rapid urbanization in developing countries have also contributed to the demand for MCA, globally. Some of the key players in the MCA market include AkzoNobel (Netherlands), CABB (Germany), Daicel Corporation (Japan), PCC SE (Germany), Niacet Corporation (US), Shandong Minji Chemical (China), Denak Co. (Japan), Kaifeng Dongda Chemical Company (China), and Meridian Chem-Bond (India). Joint venture and acquisition were the major growth strategies adopted by the market players between 2014 and 2017 to cater to the demand for MCA in emerging economies.
The MEG market is estimated at USD 24.41 Billion in 2017 and is projected to reach USD 30.40 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The MEG market is expected to be driven by the increasing need for MEG in the production of PET and polyester. Polyester is mainly used in the textile end-use industry. PET application is growing in packaging end-use industry which is growing at a very high growth rate. Increasing dispensable income of the population across the world has propelled the growth of packaging end-use industry in turn fueling the growth in PET application in MEG market. The key players operating in the MEG market are SABIC (Saudi Arabia), Formosa (Taiwan), Dow (US), BASF SE (Germany), MEGlobal (UAE), Sinopec (China), Shell (Netherlands), Reliance (India), and SIBUR (Russia). These companies undertake dynamic business strategies that propel the growth of the MEG market.
The global naphthalene derivatives market is estimated at USD 1.53 Billion in 2017 and is projected to reach USD 1.85 Billion by 2022, at a CAGR of 3.8% between 2017 and 2022. Koppers (US), BASF (Germany), Rütgers (Belgium), Evonik (Germany), and Cromogenia Units (Spain) lead the global naphthalene derivatives market. These players are gaining a strong foothold in the market through their strategies of agreement & joint ventures to regenerate the trailing growth.
The market size for oxygenated solvents is estimated to grow from USD 22.28 Billion in 2017 to USD 32.27 Billion by 2022, at a CAGR of 7.8%. The growth is driven by the increased demand from applications such as paints & coatings, pharmaceuticals, lubricants, crop protection, and personal care. Key companies profiled in this research report on the oxygenated solvents market include BASF (Germany), The Dow Chemical Company (U.S.), OXEA (Germany), Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), LyondellBasell (Netherlands), Eastman Chemical Company (U.S.), SINOPEC (China), and Petronas (Malaysia).
The synthetic quartz market was valued at USD 68.6 Million in 2016, and is projected to reach USD 95.0 Million by 2022, at a CAGR of 5.6% from 2017 to 2022. The market for synthetic quartz is largely driven by the growth of the electronics industry. In addition, the growing demand for smartphones and connected devices, increasing adoption of 4G and LTE networks, and rising demand for advanced electronic devices and equipment from the healthcare industry are fueling the market growth. The key players operating in the synthetic quartz market are NIHON DEMPA KOGYO (Japan), Shin-Etsu (Japan), Seiko Epson (Japan), Murata Manufacturing (Japan), Kyocera (Japan), and TXC Corporation (Taiwan).