Humic Acid Market - Organic Food Trend Escalating Demand By 2024

The global market for humic acid, which is rated highly among the most chemically active compound and contains essential phytochemical groups that are highly useful for various applications in agriculture and dietary supplements, is driven by a number of factors, and is projected for a strong CAGR 12.1% during the forecast period of 2016 to 2024, according to the report by Transparency Market Research (TMR). Some of the key factors augmenting the demand in the global humic acid market are growing demand for organic foods and rising concerns regarding the use of chemical fertilizers that cause substantial damage to the arable land, to the environment, and health of living things. On the other hand, inconsistency in quality of commercially available humic acid is somewhat hindering the prosperity of this market.

As per the evaluations of the TMR report, the global market for humic acid was worth merely US$387.1 mn in 2015, but the valuation will breach the billion market soon in the near future, estimated to be US$1.04 bn by the end of 2024. The vendors of this market will continue to gain from high growth potential of humic acid in the emerging economies, especially in Asia Pacific, which resides nearly the half of the world’s population.

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Application-wise, the global humic acid market has been segmented into ecological bioremediation, agriculture, horticulture, dietary supplements, and drilling fluids. Among these, the agriculture sector accounted for more than half of the demand for humic acid in 2015, and is expected to remain the most lucrative application segment throughout the forecast period. Growing trend of organic farming for their apparent health benefits, growing awareness regarding the benefits of humic acid in developing countries, and government initiatives and subsidies to promote the use of ecologically favorable products are some of the factors augmenting the demand in the global humic acid market.

On the other hand, the horticulture and dietary supplement segments are also anticipated to increment the demand at a significant rate during the forecast period. The healthy-living trend among the urban population is helping the dietary supplement segment, as the mineral-rich organic foods produced with the help of humic acid add to the human immune system and detoxifies it.

North America Remains Highly Profitable Region

Geographically, the report takes stock of the potential of the humic acid market in the regions of North America including the U.S., Europe including the U.K, France, Spain, and Germany, Asia Pacific, Latin America, and The Middle East and Africa (MEA). In 2015, North America was the most profitable region, serving nearly 40% of the global demand for humic acid, and is expected to remain the most lucrative region throughout the forecast period.

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Easy availability of raw materials, high percentage of disposable income among the citizens, growing awareness regarding the benefits of organic foods, and technological advancements in the production of humic acid are some of the key factors reflecting positively on North America humic acid market. While Europe remains the second most profitable region, vendors of this market are also venturing into the emerging economies in Asia Pacific such as India, China, Japan, and South Korea to expand their horizons.

The global humic acid market is highly fragmented, owing to the presence of a large number of local and regional vendors. Some of the leading companies with considerable brand name in this market are Biolchim S.p.A., Humic Growth Solutions, Omnia Holdings Limited, Humintech GmbH, Jiloca Industrial, S.A., Saint Humic Acid, Arihant Bio Fertichem Pvt. Ltd., Sikko Industries Ltd., Minerals Technology Inc., Horizon AG-Products, and Black Earth Humic LP.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

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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