Growth of Construction Industry to Boost Sales of Global Solvents Market, Reports TMR

The growing demand for organic solvents from end-use industries such as print-ink, pharmaceutical, and adhesive industry, has compelled producers of solvents to innovate their products to meet the needs of the end-use industries, reports Transparency Market Research in a new study. As the global market of solvents is dominated by large multinational companies, the lead manufacturers in the value chain are focused on providing consumers with innovative and environment friendly products. The key companies in the global solvents market are Celanese Corporation, ExxonMobil Corporation, BASF SE, Maruzen Petrochemical, Dow Chemical Company, Sasol Solvents, Solvay Chemicals, and Shell Chemical.

The demand for bio-based solvents has intensified in developed as well as emerging economies due to the growing awareness about air pollution control and environment protection. This has provided growth opportunities for manufacturers of bio-based solvents. To meet the requirements of consumers and end users, manufacturers are making high investments in research and development projects for product development. The sales of solvents will be dependent on how exclusively manufacturers innovate their products to make them differentiable from their competitors.

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Growth of Manufacturing and Construction Industry in BRICS to Lift Demand for Solvents

Recent studies have evidenced that due to the investments made in infrastructural developments in the BRICS countries, the demand for paints and coatings is increasing substantially. The population explosion and strong economic growth has led to the development of residential and commercial infrastructure. As the demand for paints and coatings is increasing due to the development of infrastructure in these nations, the sale of solvents is also set to grow due to their usage in paints and coatings jobs for manufactured products.

Paints and coatings is expected to have the maximum share of 61.7% in the global market by 2018, due to which the solvents market is also reported to grow at a steady pace.

The demand for solvents is also high in the Asia Pacific region due to the growing demand for paints and coatings in this region. Asia Pacific is expected to account for 41.1% of the global market.

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Development of Bio-Based Solvents to Provide Future Growth Opportunities to Manufacturers

The growing regulations regarding the use of organic solvents has opened up opportunities for the development of alternative solvents for manufacturers. As consumers are becoming more aware about solvent based products which are lenient toward the atmosphere as well as health, the manufacturers are being presented with lucrative opportunities to develop better environment friendly products such as green or bio-based solvents.

Price Volatility of Raw Materials to Hinder Global Demand

The fluctuating price of crude oil is expected to hinder the global market of solvents, says TMR. As the downstream derivatives of crude oil are the most commonly used solvents, the volatile price of crude oil is likely to slow down the market growth of solvents. Manufacturers find it difficult to maintain a single price level when the raw material price remains unstable, leading to a backward integration of the sales of the product. This also puts pressure on the profitability of the solvent manufacturers as the intermediate products produced from crude oil are their raw materials.

In spite of the price structure drawback of solvents, its demand is anticipated to grow at a steady pace by 2018. Europe is expected to dominate the global solvents market with a share of 26.2% by the end of 2018. By revenue, the global solvents market was worth US$26.15 bn in 2015 and is expected to reach US$29.27 bn by 2018.

The review has been based on the findings of a TMR report titled “Global Solvents Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018”

The Global Solvents Market is segmented into:

By Product:

Alcohol based solvents
Hydrocarbon based solvents
Ketone Based solvents
Ester solvents
Chlorinated solvents
Other solvents (including bio-solvents, and glycos)

By Application

Paints and coatings
Printing ink
Pharmaceuticals
Cosmetics and adhesives
Other (including cleaning, de icing, etc.)

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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