Chemicals Coverage

Surface Disinfectants Market Definition

Surface disinfectants are vital products in maintaining hygiene and safety in various environments, effectively reducing the presence of pathogens and microorganisms on surfaces. These disinfectants are commonly employed in various settings to maintain a clean and hygienic environment, particularly in healthcare facilities, laboratories, households and public spaces. The surface disinfectants market consists of sales, by entities (organizations, sole traders and partnerships) of surface disinfectants that refer to chemical agents that are used to reduce or eliminate infectious agents, such as bacteria, viruses and fungi, on surfaces. The disinfectants made with the combination of alcohol, quaternary ammonium compounds (Quats or QACs), Chlorine and hydrogen peroxide protect against a broad spectrum of microorganisms and a variety of microbes.

Carbon Dioxide Market Definition

Carbon dioxide (CO2) is an odorless, colorless gas with a slightly pungent, acid taste. Commercial carbon dioxide is recovered from industrial plants which produce hydrogen or ammonia from natural gas, coal and hydrocarbon feedstock. Corn-to-ethanol plants have been the most rapidly growing source of feed gas for CO2 recovery. CO2-rich natural gas reservoirs are another source of recoverable carbon dioxide. The carbon dioxide market consists of the sales of carbon dioxide by entities (organizations, sole traders or partnerships) that manufacture carbon dioxide gas in compressed, liquid and solid forms.

Advanced Ceramics Market Definition And Segments

Advanced ceramics are a category of ceramic materials with exceptional mechanical, thermal, electrical, and chemical properties compared to traditional ceramics. These materials are engineered to have specific properties for use in demanding applications across various industries. The main types of materials of advanced ceramics are alumina, titanate, zirconia, and silicon carbide. Alumina ceramics refer to a group of ceramics composed predominantly of alumina (Al2O3) as the main component. They are used for monolithic ceramic, ceramic coatings, ceramic matrix composites, and ceramic filters applications by electrical and electronics, transportation, medical, industrial, defense and security, chemical, and other end-user industries. The advanced ceramics market covered in this report is segmented – 1) By Material: Alumina, Titanate, Zirconia, Silicon Carbide 2) By Application: Monolithic Ceramic, Ceramic Coatings, Ceramic Matrix Composites, Ceramic Filters 3) By End-user Industry: Electrical and Electronics, Transportation, Medical, Industrial, Defense and Security, Chemical, Other End-user Industries The advanced ceramics market size has grown strongly in recent years. It will grow from $80.30 billion in 2023 to $85.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing use of ceramics coatings, rising sales of high-performance ceramics, the rising demand for the product from the automotive and medical industries, manufacturers massive investment on development of healthcare applications, and escalating demand for zirconia in the medical industries. The advanced ceramics market size is expected to see strong growth in the next few years. It will grow to $106.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to growing demand for electro ceramics, rising demand from medical and electronics sectors, advanced ceramics are preferred in the joint replacement process, rise in use as alternative to metals and plastics, eco-friendliness and reliability of use. Major trends in the forecast period include increasing use in nanotechnology, innovative product development, the rising demand for ceramics from the field of electro ceramics, growing the adoption of advanced ceramics in aircraft and defense.

The Impact Of Automotive Industry Demand On Advanced Ceramics Market Growth

The rising demand in the automotive industry is expected to propel the growth of the advanced ceramics market going forward. The automotive industry is a sector of the economy that designs, develops, manufactures, markets, and sells motor vehicles. Advanced ceramics offer superior properties such as high strength, thermal resistance, and lightweightness, making them ideal for various automotive applications, including engine components, exhaust systems, and brake systems. For instance, in March 2022, according to the European Automobile Manufacturers Association, a Belgium-based automobile industry association, US auto plants manufactured around 6.3 million passenger cars in 2021, an increase of 3.1% compared to 2020. Therefore, the rising demand in the automotive industry is driving the growth of the advanced ceramics market. Major companies operating in the advanced ceramics market are 3M Company, KYOCERA Corporation, Murata Manufacturing Co. Ltd., Corning Incorporated, AGC Ceramics Co. Ltd., Materion Corporation, Morgan Advanced Materials Plc, Ferrotec Holdings Corp., CeramTec GmbH, MARUWA Co. Ltd., Saint-Gobain Ceramic Materials, Blasch Precision Ceramics Inc., Applied Ceramics Inc., Dyson Technical Ceramics Ltd., Elan Technology, McDanel Advanced Ceramic Technologies, International Syalons (Newcastle) Ltd., Momentive Technologies, Rauschert GmbH, Advanced Ceramics Manufacturing, BCE Special Ceramics GmbH, Nishimura Advanced Ceramics Co., Ltd., Ortech Advanced Ceramics, TechCeramic, Ceradyne Inc., Compagnie de Saint Gobain SA, Small Precision Tools Inc., Vesuvius, Wonik QnC Corporation

Innovative Advancements In Advanced Ceramics Starfire Systems Inc. Introduces Hafnium Carbide As A Game-Changing Ultra-High-Temperature Ceramic Forming Precursor

Major companies operating in the advanced ceramics market are developing innovative products, such as ceramic-forming precursors, that benefit weight reduction applications. A ceramic-forming precursor is a pre-ceramic polymer that creates ceramic materials through pyrolysis. For instance, in June 2021, Starfire Systems Inc., a US-based specialty material company focused on polymer-derived ceramics (PDC), launched Hafnium Carbide, a new ultra-high-temperature ceramic forming precursor. These materials have high-temperature resistance and are ideal for aerospace and defense applications. Hafnium carbide ceramic polymer can make ceramic matrix composites and high-purity powder, providing the ultimate high-temperature capability. At 200°C or lower, the HfC precursor cures. To create a crystalline hafnium carbide ceramic with a high ceramic yield, the cured hafnium carbide ceramic polymer can be heated to 1600°C in an inert atmosphere.

Momentive Technologies Strengthens Market Dominance With Strategic Acquisition Of CoorsTek Inc.

In November 2022, Momentive Technologies, a US-based company manufacturing fused quartz and a provider of advanced materials, acquired CoorsTek Inc. for an undisclosed amount. This acquisition strengthens Momentive Technologies' position as a leader in the advanced materials sector, particularly in the semiconductor industry. CoorsTek Inc. is a US-based, privately owned manufacturer of technical ceramics for aerospace, automotive, chemical, electronics, medical, oil and gas, semiconductor, and many other industries. North America was the largest region in the advanced ceramics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the advanced ceramics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The advanced ceramics market consists of sales of sialon ceramics, glass ceramics, ferrite ceramics, piezoelectric ceramics, bioactive ceramics, mullite ceramics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The advanced ceramics market research report is one of a series of new reports from The Business Research Company that provides advanced ceramics market statistics, including advanced ceramics industry global market size, regional shares, competitors with an advanced ceramics market share, detailed advanced ceramics market segments, market trends and opportunities, and any further data you may need to thrive in the advanced ceramics industry. These advanced ceramics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Bio-Based Materials Market Definition And Segments

Bio-based materials are materials derived from renewable biomass sources such as plants, animals, or microorganisms. These materials offer an environmentally friendly alternative to traditional petroleum-based materials, contributing to sustainability and reducing carbon footprints across various industries. The main types of bio-based materials are bio-based polyurethane, bio-based paraxylene, bio-based polypropylene, bio-based polyamides, and others. Bio-based polyurethane is a sustainable polymer derived from renewable resources like plant oils or biomass, offering versatile applications in foam production, coatings, and adhesives. It is used for rigid packaging, flexible packaging, electrics and electronics, consumer goods, automotive and transport, and others, and it used in food and beverage, pharmaceuticals, automotive, textiles, agriculture, and others. The bio-based materials market covered in this report is segmented – 1) By Type: Bio-Based Polyurethane, Bio-Based Paraxylene, Bio-Based Polypropylene, Bio-Based Polyamides, Other Types 2) By Application: Rigid Packaging, Flexible Packaging, Electrics And Electronics, Consumer Goods, Automotive And Transport, Other Applications 3) By End Use: Food And Beverage, Pharmaceuticals, Automotive, Textiles, Agriculture, Other End Users The bio-based material market size has grown exponentially in recent years. It will grow from $32.29 billion in 2023 to $40.65 billion in 2024 at a compound annual growth rate (CAGR) of 25.88%. The growth in the historic period can be attributed to government incentives, rising environmental awareness, volatility in fossil fuel prices, increasing demand for sustainable solutions, growing consumer preference for eco-friendly products. The bio-based material market size is expected to see exponential growth in the next few years. It will grow to $101.36 billion in 2028 at a compound annual growth rate (CAGR) of 25.66%. The growth in the forecast period can be attributed to government incentives, rising environmental awareness, volatility in fossil fuel prices, increasing demand for sustainable solutions, growing consumer preference for eco-friendly products. Major trends in the forecast period include development of novel bio-based materials, adoption of bio-based packaging solutions, integration of bio-based materials in construction sector, rise of bio-based materials in medical applications, adoption of bio-based packaging solutions.

Environmental Awakening Fuels Bio-Based Materials Market Surge

Increasing environmental awareness is expected to propel the growth of the bio-based materials market going forward. Environmental awareness refers to the understanding and recognition of environmental issues, including their causes, consequences, and potential solutions. the rise in environmental concerns has created a conducive environment for the growth of the bio-based material market, driven by a combination of regulatory support, consumer awareness, corporate responsibility, and advancements in sustainable technologies. Bio-based materials plays a pivotal role in increasing environmental awareness by promoting sustainable alternatives to traditional materials, reducing carbon emissions, and mitigating environmental degradation. For instance, in May 2023, according to a publication by the International Energy Agency (IEA), a France-based intergovernmental organization, global energy investment in clean energy witnessed a significant increase from 1408 billion USD in 2021 to 1740 billion USD in 2023. Therefore, increasing environmental awareness is driving the growth of the bio-based materials market. Major companies operating in the bio-based materials market are China Petroleum & Chemical Corporation (Sinopec), BASF SE, Sumitomo Chemical, Evonik Industries AG, Covestro AG, Braskem, Toray Industries Inc., Mitsui Chemicals, DuPont de Nemours Inc., Arkema SA, Eastman Chemical Company, DSM, LANXESS, Huntsman Corporation, Tosoh Corporation, Lubrizol, Clariant AG, Plastipak Holdings Inc., Corbion N.V., Japan Polypropylene Corporation, RAMPF Holding GmbH & Co. KG, Manali Petrochemical, RadiciGroup, Biobased Technologies, Virent Inc., TSE Industries Inc., Avantium, Anellotech Inc., Gevo Inc.

Innovative Solutions Driving Bio-Based Materials Market Competition

Major companies operating in the bio-based materials market are increasing their focus on developing advanced solutions and products, such as circular propylene glycol solutions, to gain a competitive edge in the market. Propylene glycol (PG) solutions are utilized in various industries for different purposes. For instance, in September 2023, The Dow Chemical Company (Dow), a US-based multinational corporation that provides raw materials and chemicals, launched new lower-carbon, bio-based, and circular propylene glycol (PG) solutions featuring innovative technologies. This platform leverages innovative technologies such as Decarbia, Ecolibrium, and Renuva to offer reduced carbon footprints, bio-based content, and circular economy benefits. This product represents a significant advancement in the bio-based materials market, providing sustainable alternatives that contribute to lower carbon emissions, promote renewable resources, and support the transition towards a circular economy.

Sumitomo Chemical Co. Ltd. Acquired FBSciences Holding Inc.

In January 2023, Sumitomo Chemical Co. Ltd., a Japan-based chemical products company, acquired FBSciences Holdings Inc. for an undisclosed amount. This acquisition enriches Sumitomo's bio-based materials portfolio, incorporating advanced biostimulants and biopesticides, thereby fostering sustainable solutions in agriculture, public health, and forest health and contributing to the overall growth and innovation in the bio-based materials market. FBSciences Holdings Inc. is a US-based company that provides climate-smart biorationals for agriculture, including bio-based materials such as biostimulants and biopesticides. Europe was the largest region in the bio-based materials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bio-based materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bio-based materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The bio-based materials market consists of sales of sustainable foam, renewable fibers, eco-friendly packaging, and green thermoplastics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The bio-based materials market research report is one of a series of new reports from The Business Research Company that provides bio-based materials market statistics, including bio-based materials industry global market size, regional shares, competitors with bio-based materials market share, detailed bio-based materials market segments, market trends, and opportunities, and any further data you may need to thrive in the bio-based materials industry. This bio-based materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Energy Chemicals Market Definition And Segments

Energy chemicals are substances used in the production, processing, and distribution of energy resources such as oil, natural gas, and renewable energy sources. Energy chemicals are formulated to enhance or manipulate energy levels within various systems. These chemicals play crucial roles in a wide array of industries and applications, from fuel production to pharmaceuticals. The main types of energy chemicals are polymers, fuel additives, and solvents. Polymer energy chemicals refer to a class of polymers that are specifically designed and engineered for applications in energy-related devices and systems. They are used for petrochemicals, pharmaceutical, packaging products, cleaning and detergent products, automotive, and other applications by various end-use industries such as oil and gas, power generation, and construction. The energy chemicals market covered in this report is segmented – 1) By Type: Polymers, Fuel Additives, Solvents 2) By Application: Petrochemicals, Pharmaceutical, Packaging Products, Cleaning And Detergent Products, Automotive, Other Applications 3) By End-Use Industry: Oil And Gas, Power Generation, Construction The energy chemical market size has grown strongly in recent years. It will grow from $114.94 billion in 2023 to $124.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rising demand for chemicals in carbon capture, demand for energy-efficient processes, rising demand for corrosion inhibitors in energy infrastructure, growth of the fuel additives market, rising demand for chemicals in electric grid maintenance. The energy chemical market size is expected to see strong growth in the next few years. It will grow to $163.46 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to rising global energy consumption, increasing in energy transition initiatives, renewable energy policies stimulating, growing demand for petrochemicals, increasing demand for specialty chemicals in energy production. Major trends in the forecast period include technological innovations in fracking, development of advanced drilling techniques, investment in smart grid technology, adoption of digitalization in energy production, expansion of biomass energy facilities.

Meeting Rising Global Energy Demands With Energy Chemicals

The rise in global energy consumption is expected to propel the growth of the energy chemicals market going forward. The adoption of technology, including electronic devices, electric vehicles, and smart appliances, contributes to increased energy consumption. Energy chemicals, such as fuel additives and catalysts, can help to improve energy consumption by enhancing the efficiency of energy production processes, reducing emissions, and improving fuel economy in vehicles and industrial applications. For instance, in 2022, according to the Energy Information Administration, a US-based government agency, in the United States, primary energy consumption reached a notable 100.4 quadrillion british thermal units (quads) in 2022, marking a 3% increase from the preceding year. Therefore, the rise in energy consumption is driving the growth of the energy chemicals market. Major companies operating in the energy chemicals market are Exxon Mobil Corporation, Royal Dutch Shell PLC, TotalEnergies SE, Chevron Corporation, Eni S.p.A., Reliance Industries Limited, BASF SE, Repsol S.A., The Dow Chemical Company, Saudi Basic Industries Corporation, LyondellBasell Industries N.V., Occidental Petroleum Corporation, Mitsubishi Chemical Holdings Corporation, Linde plc, Schlumberger Limited, Baker Hughes Company, Braskem S.A., PPG Industries Inc., Sasol Limited, Ecolab Inc., DuPont de Nemours Inc., Air Products and Chemicals Inc., Eastman Chemical Company, Huntsman Corporation, Clariant AG

Innovative Downhole Monitoring Systems Revolutionize Energy Chemicals Market

Major companies operating in the energy chemicals market are focusing on innovative technology systems, such as downhole monitoring systems to gain a competitive edge in the market. A downhole monitoring system is a technology used in the oil and gas industry to provide real-time data from downhole and surface equipment, allowing for continuous monitoring of pressures, temperatures, and other critical parameters. For instance, in July 2021, Halliburton Company, a US-based oilfield service company, launched express fiber, a single-use fiber-optic cable designed to offer accurate, direct subsurface measurements, including cross-well communication. This system, which includes products such as expressfiber and smartfleet, utilizes fiber optic sensing and real-time analytics to provide subsurface insight and improve fracture monitoring during stimulation. This technology allows for direct and accurate measurements of subsurface conditions, leading to more informed decision-making and optimized well performance.

Standard Industries Holdings Inc. Acquired W. R. Grace & Co.

In September 2021, Standard Industries Holdings Inc., a US-based industrial conglomerate company, acquired W.R. Grace for $7.0 billion. Through this acquisition, Standard Industries is expected to expand and strengthen its sustainable modern industrialism and innovative technology offerings. W. R. Grace is a US-based manufacturer of specialty chemicals and specialty materials, including chemical utilized in energy sector. North America was the largest region in the energy chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the energy chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The energy chemicals market consists of sales of drilling chemicals, refinery chemicals, catalysts, water treatment chemicals, and nuclear chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The energy chemicals market research report is one of a series of new reports from The Business Research Company that provides energy chemicals market statistics, including energy chemicals industry global market size, regional shares, competitors with an energy chemicals market share, detailed energy chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the energy chemicals industry. This energy chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Production Chemicals Market Definition And Segments

Production chemicals refer to a diverse group of substances manufactured and utilized in various industries, including agriculture, pharmaceuticals, construction, and manufacturing. It play a crucial role in ensuring the efficiency, safety, and environmental sustainability of industrial operations. The main types of production chemicals are demulsifiers, corrosion inhibitors, scale inhibitors, asphaltene inhibitors, biocides, scavengers, surfactants, and others. Demulsifiers are chemicals used to separate emulsions. They are used in various types of oil field include onshore and offshore for cementing, production chemicals, drilling fluids, improved oil recovery, well stimulation, and others. The production chemicals market covered in this report is segmented – 1) By Type: Demulsifiers, Corrosion Inhibitors, Scale Inhibitors, Asphaltene Inhibitors, Biocides, Scavengers, Surfactants, Other Types 2) By Oilfield Type: Onshore, Offshore 3) By Application: Cementing, Production Chemicals, Drilling Fluids, Improved Oil Recovery, Well Stimulation, Other Applications The production chemicals market size has grown strongly in recent years. It will grow from $6.16 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rising demand for oil and gas exploration and production, rising demand for specialty chemicals, growth in deepwater drilling projects, growth of enhanced oil recovery (EOR) market, need for water management solutions. The production chemicals market size is expected to see strong growth in the next few years. It will grow to $8.74 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to increasing demand for oil and gas production, increasing global energy consumption, demand for enhanced oil recovery techniques, rising demand for hydraulic fracturing chemicals, growing demand for corrosion inhibitors. Major trends in the forecast period include expansion of industrial activities, expansion of petrochemical industry, expansion of renewable energy projects, incorporation of technology, strategic partnership and collaboration.

Increasing Demand For Oil And Gas Production To Boost Production Chemicals Market

The increasing demand for oil and gas is expected to propel the growth of the production chemicals market going forward. The demand for oil and gas is increasing due to economic growth, population increase, industrialization, transportation needs, petrochemical demand, and weather patterns. Production chemicals play a crucial role in the oil and gas industry by helping to optimize production, enhance operational efficiency, and ensure the integrity of production equipment. For instance, according to the Energy Information Administration (EIA), a US-based principal agency of the Federal Statistical System, in 2021, global oil consumption experienced a notable surge of 5.5 million barrels per day compared to the consumption levels in 2020. Therefore, the increasing demand for oil and gas is driving the growth of the production chemicals market. Major companies operating in the production chemicals market are BASF SE, Dow Inc., Mitsubishi Chemical Corporation, Schlumberger Limited, Baker Hughes Company, Evonik Industries AG, Halliburton Company, Sasol Limited, Solvay S.A., Chevron Phillips Chemical Company LLC, Ecolab Inc., Akzo Nobel N.V., Huntsman Corporation, Albemarle Corporation, FMC Corporation, Clariant AG, SNF Group, Kemira Oyj, Stepan Company, Croda International Plc, Ashland Global Holdings Inc., Innospec Inc., W. R. Grace & Co., Cabot Corporation, Calumet Specialty Products Partners, L.P., LANXESS AG, Lonza Group Ltd.

Innovative Chemical Processing Technologies Revolutionize Production Chemical Market

Major companies operating in the production chemical market are focusing on innovative technologies, such as chemical processing technology to gain a competitive edge in the market. Chemical processing technology refers to the application of scientific principles and technical skills to the operation of chemical processing equipment in industries such as chemical manufacturing. For instance, in December 2023, Sulzer Ltd., a Switzerland-based industrial engineering and manufacturing firm, launched SULAC, a licensed new technology that enables polylactic acid (PLA) producers to seamlessly integrate new lactic acid to lactide capabilities, which is a crucial step in the production of PLA, an eco-friendly bioplastic. In order to manufacture PLA, lactic acid must be converted to lactide, which is restricted by current supply and supported by SULAC.

Ascensus Specialties LLC Acquires Wychem Ltd.

In December 2021, Ascensus Specialties LLC, a US-based company that provides specialty materials for life sciences and advanced technology, acquired Wychem Ltd. for an undisclosed amount. This acquisition expands Ascensus' production capabilities for the life sciences sector. The acquisition aims to expand its European manufacturing footprint and commercial presence, allowing it to offer a more comprehensive range of products and services to its global customer base. Wychem Ltd. is a UK-based manufacturer of fine chemicals and aromatic compounds. North America was the largest region in the production chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the production chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the production chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The production chemicals market consists of sales of drag reducing agents, antifoaming agents, friction reducers, and emulsion breakers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The production chemicals market research report is one of a series of new reports from The Business Research Company that provides production chemicals market statistics, including production chemicals industry global market size, regional shares, competitors with a production chemicals market share, detailed production chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the production chemicals industry. This production chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Blue Ammonia Market Definition And Segments

Blue ammonia refers to ammonia produced by converting natural gas into hydrogen and carbon dioxide, with the CO2 being captured, stored, or utilized to reduce emissions. It serves as a cleaner energy source for power generation and industrial processes and as a potential medium for hydrogen transport and storage, supporting the transition to low-carbon energy systems. The main type of technologies used in blue ammonia production are steam methane reforming, autothermal reforming, gas partial oxidation, and others. Steam methane reforming (SMR) is a chemical process used to produce hydrogen and carbon monoxide by reacting methane with steam over a catalyst. They are distributed by various channels, such as distribution/wholesalers, e-commerce, and direct sales, and are used for several applications, such as power generation, industrial feedstock, agriculture, pharmaceuticals, transportation, chemical and petrochemicals, and others. The blue ammonia market covered in this report is segmented – 1) By Technology: Steam Methane Reforming, Autothermal Reforming, Gas Partial Oxidation, Other Technologies 2) By Distribution Channel: Distribution/Wholesalers, E-Commerce, Direct Sale 3) By Application: Power Generation, Industrial Feedstock, Agriculture, Pharmaceuticals, Transportation, Chemical And Petrochemicals, Other Applications The blue ammonia market size has grown strongly in recent years. It will grow from $13 billion in 2023 to $13.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased use of low-emission fuel, the increase in funding and incentives, scope of sustainable energy future, increasing moves towards a hydrogen economy, its potential to cut greenhouse gas emissions. The blue ammonia market size is expected to see strong growth in the next few years. It will grow to $17.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing worldwide emphasis on hydrogen as a clean fuel option, growing demand for blue ammonia to generate power, growing concerns about climate change, growing initiatives aimed at bolstering the hydrogen-based economy, the imperative to reduce greenhouse gas emissions. Major trends in the forecast period include increased technology of steam methane reforming (SMR), increased usage of advanced technologies, establishing technological innovations, increased availability of carbon capture technology, rapid technological advancements.

Rising Demand For Low-Carbon Fuels Boosts Blue Ammonia Market Growth

The increasing demand for low-carbon fuels is expected to propel the growth of the blue ammonia market going forward. Low-carbon fuels are energy sources that produce a minimal amount of carbon dioxide emissions compared to traditional fossil fuels, thus contributing less to global warming and climate change. They are in demand due to the increasing need to reduce greenhouse gas emissions and mitigate climate change impacts. Blue ammonia is produced by converting natural gas into hydrogen and capturing the emitted carbon dioxide, thus useful as a low-carbon fuel. For instance, in December 2021, according to the International Energy Agency, a France-based intergovernmental agency, the demand for low-carbon fuels (biofuels) is expected to increase by 28% by 2026, to reach 186 billion liters compared to 157 billion in 2021. Therefore, the increasing demand for low-carbon fuels is driving the growth of the blue ammonia market. Major companies operating in the blue ammonia market are Saudi Arabian Oil Group, ExxonMobil Corporation, Shell PLC, Uniper SE, Koch Industries Inc., ITOCHU Corporation, BASF SE, Siemens Energy AG, Saudi Basic Industries Corporation, Thyssenkrupp AG, Nutrien Ltd., Linde PLC, Mitsubishi Heavy Industries Ltd., Air Liquide S.A., Yara International ASA, Ma’aden, CF Industries Holdings Inc., TechnipFMC PLC, EuroChem Group AG, Sumitomo Mitsui Construction Co. Ltd., Haldor Topsoe A/S, Engie S.A., Qatar Fertiliser Company (P.S.C.), ADNOC Group, Casale S.A.

Innovative Ammonia Technology Sets New Standards In Efficiency And Sustainability

Major companies operating in the blue ammonia market are developing innovative solution such as blue and green ammonia project to sustain their position in the market. These project revolutionizes ammonia production by expanding capacity by boosting efficiency and environmental sustainability. For instance, in October 2022, KBR Inc., a US-based engineering company, launched a massive 10,000 (metric tons per day) MTPD blue and green ammonia solution that incorporates sophisticated digital technologies to create dependable, flexible, and scalable solutions for meeting clean ammonia and hydrogen demands for the energy transition. This unique solution highlights the increased interest in using ammonia as a fuel source and integrating advanced digital technologies to improve energy efficiency and sustainability.

CF Industries Strengthens Market Leadership By Acquiring Incitec Pivot Ltd Ammonia Facility

In December 2023, CF Industries Holdings Inc., a US-based nitrogenous fertilizer manufacturing company, acquired Incitec Pivot Ltd.’s (IPLs) ammonia production unit for $1.675 billion. Through this acquisition, CF Industries aims to bolster its position in ammonia production by integrating IPL's Waggaman facility and committing to a supply agreement with Dyno Nobel, ensuring a steady ammonia distribution channel. Incitec Pivot Ltd. is an Australia-based chemical manufacturing company. North America was the largest region in the blue ammonia market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blue ammonia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the blue ammonia market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The blue ammonia market consists of sales of clean energy carriers, emissions credits or carbon offsets, technology, and services for carbon capture and storage (CCS). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The blue ammonia market research report is one of a series of new reports from The Business Research Company that provides blue ammonia market statistics, including blue ammonia industry global market size, regional shares, competitors with a blue ammonia market share, detailed blue ammonia market segments, market trends and opportunities, and any further data you may need to thrive in the blue ammonia industry. This blue ammonia market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Caprylyl Glycol Market Definition And Segments

Caprylyl glycol is a cosmetic ingredient that serves as a humectant, moisturizer, and preservative enhancer in skincare and personal care products. It is a type of alcohol derived from caprylic acid, which is naturally found in coconut and palm oils. Caprylyl glycol helps to keep products stable, prevents microbial growth, and can also impart a silky, smooth feel to the skin. The main types of caprylyl glycol are cosmetic grade and industrial grade. Cosmetic grade caprylyl glycol is a versatile compound used in the cosmetic industry for its preservation and stabilization properties. They are used for haircare products, skincare products, toiletries, makeup and color cosmetics, and others, which are utilized by pharmaceuticals, cosmetics and personal care, and industrial users. The caprylyl glycol market covered in this report is segmented – 1) By Type: Cosmetic Grade, Industrial Grade 2) By Application: Haircare Products, Skincare Products, Toiletries, Makeup And Color Cosmetics, Other Applications 3) By End-Use: Pharmaceuticals, Cosmetics And Personal Care, Industrial The caprylyl glycol market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rising demand for the skincare products, growing demand for organic cosmetics, increasing demand for natural preservatives, demand from end-use industries, expanding beauty and personal care industry. The caprylyl glycol market size is expected to see strong growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing popularity of natural cosmetics, rising awareness of product safety, rising popularity of clean beauty, benefits of using caprylyl glycol in various applications, increasing demand for skincare treatments. Major trends in the forecast period include expansion in emerging countries, increase in production capacity, technological advancements in caprylyl glycol, innovation in formulations, focus on ethical and sustainable sourcing.

Growing Demand For Natural And Organic Cosmetics Driving Caprylyl Glycol Market

Growing demand for natural and organic cosmetics is expected to propel the growth of the caprylyl glycol market going forward. Natural and organic cosmetics refer to beauty and personal care products formulated with natural ingredients and produced without synthetic chemicals, artificial preservatives, or genetically modified organisms (GMOs). The demand for natural and organic cosmetics continues to surge as consumers prioritize clean, sustainable, and environmentally friendly products. Natural and organic cosmetics use caprylyl glycol, as a skin-conditioning agent derived from renewable sources such as coconut oil, due to its multifunctional properties, including its ability to moisturize and preserve products. For instance, in March 2022, according to the annual organic beauty and wellbeing report by the Soil Association, a UK-based charity organization, in 2021, the sales of Soil Association-certified organic and natural beauty and wellbeing products in the UK experienced a 15% growth, reaching around $170 million. Therefore, the growing demand for natural and organic cosmetics is driving the development of the caprylyl glycol market. Major companies operating in the caprylyl glycol market are Archer Daniels Midland Company, BASF SE, Dow Inc., LyondellBasell Industries N.V., Merck KGaA, Evonik Industries AG, DuPont de Nemours Inc., Huntsman Corporation, Avantor, Lonza Group AG, Lubrizol Corporation, Clariant AG, Symrise AG, Croda International Plc, Ashland Global Holdings Inc., Innospec Inc., Galaxy Surfactants Ltd., Thor Specialties, Schulke & Mayr GmbH, Spectrum Chemical Manufacturing Corp., Colonial Chemical Inc., Hallstar Company, INOLEX Inc., Floratech, Tri-K Industries Inc., Lotioncrafter LLC, The Good Scents Company, Pilot Chemical Company

Innovation With Bio-Based Glycol To Enhance Sustainability

Major companies operating in the caprylyl glycol market are developing innovative formulations, such as bio-based glycol, to increase the natural origin index of personal care products. Bio-based glycol refers to glycol, a type of alcohol derived from renewable biological sources rather than traditional fossil fuels. For instance, in April 2022, Symrise AG, a Germany-based chemicals company, launched Hydrolite 8 Green, a 100% bio-based caprylyl glycol derived from palm kernel oil, offering sustainability and similar properties to its synthetic counterpart. This ingredient serves as a moisturizer, improves sensory profiles, acts as a wetting agent, and enhances product protection in cosmetic formulations. It represents a sustainable choice for formulators seeking multifunctional ingredients with high performance and eco-friendly characteristics.

Ashland Inc. Strengthens Market Position With Schülke & Mayr GmbH's Personal Care Business

In April 2021, Ashland Inc., a US-based specialty chemicals solution company, acquired the personal care business of Schülke & Mayr GmbH for approximately $284.06 million. This acquisition aims to strengthen Ashland's natural cosmetic business portfolio, enhance its specialty additives position in personal care, and advance its environmental, social, and governance (ESG) goals. Schülke & Mayr GmbH is a Germany-based company that offers infection prevention and hygiene solutions along with caprylyl glycol medical skin care products. North America was the largest region in the caprylyl glycol market in 2023. The regions covered in the caprylyl glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the caprylyl glycol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The caprylyl glycol market consists of sales of moisturizers and serums, shampoos, and conditioners. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The caprylyl glycol market research report is one of a series of new reports from The Business Research Company that provides caprylyl glycol market statistics, including caprylyl glycol industry global market size, regional shares, competitors with a caprylyl glycol market share, detailed caprylyl glycol market segments, market trends and opportunities, and any further data you may need to thrive in the caprylyl glycol industry. This caprylyl glycol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.