Mese: agosto 2024

Isobutyric Acid Market Trends: Emerging Applications in Pharmaceuticals and Animal Feed

The isobutyric acid market  size is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. Isobutyric acid is a branched fatty acid and has the appearance of a colorless liquid with a faint unpleasant butter odor. It can be manufactured synthetically with petroleum-based feedstocks as raw materials or through the biosynthesis of glucose/ starch.

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Companies such as OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China) fall under the winners’ category. These are leading players in the isobutyric acid market, globally. These players have adopted the strategies of mergers, investments, acquisitions, expansions, partnerships, contracts, agreements, and joint ventures to increase their market shares.

OQ Chemicals GmbH

OQ Chemicals is a German-based manufacturer of oxo performance chemicals and oxo intermediates, comprising more than 70 products, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. One of the biggest end markets for oxo chemicals is the coatings business. The company offers products for a variety of industrial sectors including personal care, flexible packaging, lubricants and functional fluids, and paints & coatings. It has manufacturing facilities at six locations namely Bishop, Bay City, Amsterdam, Marl, Oberhausen, and Nanjing. The company has a strong focus on strategic developments such as mergers and expansions.

Eastman Chemical Company

Eastman Chemical Company is a multinational specialty chemical firm that creates a wide variety of innovative materials, functional additives, specialty chemicals, and fibers which are used in everyday products. The company has strategically located manufacturing centers in the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America which further strengthens its customer base and revenue generation capacity. Eastman Chemical Company has a strong focus on sustainability and aims at implementing several initiatives to reduce their environmental footprint. The company emphasizes development of sustainable products and processes, waste reduction, and resource conservation.

Tokyo Chemical Industry Co., Ltd

Tokyo Chemical Industry Co., Ltd. is a leading manufacturer of specialty chemicals. TCI offers an wide range of over 30,000 products, including analytical reagents, biochemicals, organic and inorganic chemicals, and pharmaceutical ingredients. The company has manufacturing facilities in Japan and the US. TCI caters to different industries including research institutions, pharmaceuticals, electronics, biotechnology, and academia. They are known for providing high-quality chemicals and reagents to meet the needs of scientists, researchers, and professionals in the field. The company has established its geographical reach in Europe, Asia Pacific, and North America. It also has a distribution center in India.

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Snowco

Snowco is a Chinese-based provider of natural flavoring ingredients for the food & beverage, cosmetic, and personal care industries. The company has manufacturing facilities in China. It is also present in Hangzhou, Hong Kong, and London. It has a strong focus on natural flavoring ingredients for personal care, food & beverages, and cosmetic industries. The company has a presence in China, which is a major market in the Asia Pacific isobutyric acid market. It offers isobutyric acid products applicable for the flavor & fragrance industry. 

Shanghai Aladdin Biochemical Technology Co., Ltd.

Shanghai Aladdin Biochemical Technology Co., Ltd. is a chemical company based in Shanghai, China.. The company operates a 64,000 square metre R&D and production facility, in Shanghai. Additionally, it operates cutting-edge logistics warehouses in East China, North China, South China, and Southwest China. The company has established nearly 10,000 different high-purity reagent analysis method systems, including chromatography, pesticide residue, gas chromatography, and cell biology, among others.

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Global Ferro Silicon Market Report: Applications and Regional Trends Leading to 2028

The global ferrosilicon market size is projected to reach USD 12.9 billion by 2028, at a CAGR of 3.4% from USD 10.9 billion in 2023. The robust demand for steel in the automotive, construction, and manufacturing industries, coupled with a growing focus on renewable energy to reduce carbon emissions, will contribute to the rapid growth in the demand for ferrosilicon.

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Based on type, the ferrosilicon market has been segmented into atomized ferrosilicon and milled ferrosilicon.  Atomized ferrosilicon, known for its fine, spherical particle structure, finds applications in complex steel alloys and stainless steel, owing to its superior flowability and uniform distribution. Conversely, milled ferrosilicon, with its coarser particle size, serves as a cost-effective solution in applications such as heavy-medium separation in dense media plants and the production of welding agents. Both variants play vital roles in meeting diverse industrial demands.

Based on application, the ferrosilicon market has been segmented into deoxidizer and inoculants.  Ferrosilicon is a critical alloy serving as both a deoxidizer and an inoculant in the steel and iron industry. Its deoxidizing properties aid in eliminating impurities from molten steel, ensuring the production of high-quality, durable steel for various applications. Additionally, as an inoculant, ferrosilicon enhances the mechanical properties of cast iron, improving its strength and wear resistance. Its versatile role in enhancing the integrity and performance of steel and iron products underscores its significance across diverse industrial sectors.

Asia Pacific is the fastest-growing market for ferrosilicon. This growth is mainly attributed to the rapidly increasing industrialization & urbanization, which drives the demand for steel in booming economies in China, and India. As a result, the demand for ferrosilicon experiences a corresponding upswing, as it serves a critical role in the production of steel and various other alloys. The region’s large population coupled with a growing middle class and increasing disposable income boosts the demand. Low labor costs and easy raw material availability attract manufacturers to cater to the local emerging markets better.

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The key global players in the ferrosilicon market include Elkem (Norway), RFA International (Switzerland), DMS Powders (South Africa), Ferroglobe (UK), Eurasian Resources Group (Luxembourg), Feng Erda Group (China), Finnfjord AS (Norway), Mechel PAO (Russia), Om Holdings Ltd (Singapore), Maithan Alloys Ltd (India) and others.

Packaging Sector Drives Laminating Adhesives Demand: Trends and Forecasts for Food, Pharma, and Consumer Products (2023-2028)

Laminating adhesives are specialized adhesives used to bond layers of materials together, typically in packaging, automotive, and industrial applications. They provide durability, flexibility, and protection, enhancing the performance and longevity of laminated products. These adhesives come in various types, including solvent-based, water-based, and solvent-less formulations, and are chosen based on the specific requirements of the application.

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The laminating adhesives market exhibits high growth potential and is projected to reach a market size of USD 5.1 billion by 2028 from USD 3.6 billion in 2022, at a CAGR of 5.8%. Asia Pacific is the largest laminating adhesives market that is projected to register the second-highest CAGR. This high growth is due to the growing demand from the packaging, industrial, and automotive & transportation industries. There is rising awareness about the use of eco-friendly adhesives in this region.

The key players following the strategies between 2018 to 2022, Henkel AG (Germany), 3M (US), H.B. Fuller (US), The Dow Chemical Company (US), Arkema S.A. (France), Sika AG (Switzerland). The companies are majorly following product launch, merger & acquisition, investment & expansion, and  as the strategy to grow and expand the market.

Henkel AG is engaged in adhesive technologies and consumer brands. The company operates through various segments, including adhesive technologies (adhesives, sealants, and surface treatments for consumer and industrial purposes), laundry & home care (household cleaning products such as laundry detergent and dishwashing liquid), beauty care (beauty & oral care products such as shampoos, toothpaste, hair colorants, and shower products), and corporate. The company’s adhesive technologies segment is a leader in the adhesives market across all end-use industries globally. The company has operations in North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa.

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3M offers a broad spectrum of products, including adhesives, bonding materials, coatings, and specialty materials. The company operates in four business segments, namely, safety & industrial, transportation & electronics, healthcare, and consumer. The company manufactures laminating adhesives for various applications through its industrial and consumer segments. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.