Tuesday, 24 September 2013

Benzene is a colorless chemical having a sweet odor and a boiling point of 80 degree Celsius. It is mainly used as an industrial solvent and a gasoline additive. Xylene is also sweet smelling, flammable and colorless in nature. It is used as a solvent in printing, leather and rubber industries. It is also used to clean wafers and chips. Toluene is a byproduct of formation of gasoline and coke-fuel from coal. It is used in various industries like coatings, petrochemicals, petroleum and colorants. The global market for benzene and xylene had been hit by recession in 2009, which is recovering gradually. The toluene market has been on a steady growth curve for the past ten years.  


The global market for benzene, xylene, and toluene is expected to grow steadily for the next few years. The healthy growth of the toluene market can be dedicated primarily to certain factors like increasing demand for pesticides, pharmaceuticals, paints and for laboratory purposes to produce benzene. The global expansion of the xylene market is driven by the huge demand for polyester fibers in China, partly due to the shortage in production of cotton fibers. 

The factors for the growth of the benzene market worldwide are the recovering demand of SBR and polycarbonates in automotive markets and the growing construction industry in developing countries. However, weakened carpet demand has been a hindrance to the xylene market. The major constraints faced by the toluene and benzene markets are government regulations which have been put in place to offset the risks that these markets pose to the environment and human health due to their toxic nature. 

The global market for benzene, xylene and toluene seems to be highly fragmented with the U.S. in the driving seat. Asia-Pacific is projected to be the fastest growing global exporter with South Korea leading the pack. Some of the key players include BP, Chevron, Exxon Mobil, China National Petroleum Corp. (CNPC), Formosa Plastics Group (FPG), ConocoPhillips, JX Holdings, Flint Hills Resources, the Ineos Group, Saudi Basic Industries Corp. (SABIC), DOW Chemicals, Royal Dutch Shell, SINOPEC, LG Chem. Ltd., and Lotte Chemical.  

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Transparency Market Research is Published new Market Report "Latin America (Brazil, Mexico, Argentina) Adhesives and Sealants (Acrylic, PVA, PU, Epoxy, EVA, Silicones) Market for Construction, Automotive, Packaging, Assembly, Pressure Sensitive Tapes and Other Applications - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019". The Latin America adhesives market was valued atUSD 1,404 million in 2012 and expected to reach USD 2,136.1 million by 2019, growing at a CAGR of 6.2% from 2013 to 2019. The Latin America sealants market was valued atUSD 214.2 million in 2012 and is expected to reach USD 327.3 million by 2019 growing at a CAGR of 6.3% from 2013 to 2019.


Growth of major end-use industries such as construction and automotive mainly in the emerging economies of Brazil and Argentina is expected to boost the market for adhesives and sealants over the next six years. However, the volatility in raw material prices coupled with environmental concerns regarding the use of synthetic (petroleum-based) adhesives and sealants is expected to hinder market growth over the forecast period. In order to reduce reliance on synthetic adhesives and sealants, major manufacturers such as The Dow Chemical Company, Henkel and Danimer Scientific LLC among others have been shifting their focus towards developing bio-based adhesives and sealants.

Acrylic and polyvinyl acetate (PVA) based adhesives together accounted for over 50% of the total market demand in 2012. Key adhesives application industries include electronics, automobiles, construction and packaging among others. Owing to their fast setting properties Ethyl Vinyl Acetate (EVA) based adhesives are expected to be the fastest growing product segment at an estimated CAGR of 5.6% from 2013 to 2019. Sealants market was dominated by silicone based sealants, accounting for over 30% of the total regional demand in 2012. Growing automotive industry in Brazil is expected to fuel the demand for sealants in the region over the forecast period.

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Pressure sensitive applications (PSA) emerged as the largest consumer of adhesives with 27% of the Latin America market in 2012. The furniture industry is expected to be the fastest growing market for adhesives at an estimated CAGR of 6.1% over the forecast period, owing to growing disposable income in the region. On the other hand, automotive industry is expected to be the fastest growing market for sealants, with demand estimated to grow at a CAGR of 5.7% from 2013 to 2019 in Latin America. Construction industry dominated the sealants market in the region with 28% of the total demand in 2012. Growing foreign investments into Brazil have spurred growth in infrastructure development in the Latin American countries. Upcoming events such as the FIFA World Cup 2014 and Olympic Games in 2016 are expected to ensure continuous demand for sealants from the construction industry in Brazil.

Brazil dominated the adhesives and the sealants market with over 50% and 75 % of theLatin America market, respectively in 2012. Along with being the largest market, Brazil is also expected to be the fastest growing market at an estimated CAGR of 5.5% and 5.1% over the forecast period, for adhesives and sealants, respectively from 2013 to 2019. Other Latin American countries such as Mexico and Argentina are expected to witness moderate growth rate in the near future.

Some of the key manufacturers of adhesives and sealants include 3M Company, Henkel AG., H.B Fuller Company, BASF SE, Bostik SA, UNISEAL Inc., Ellsworth Adhesives and Dow Chemical Company among others.

The report segments the Latin America adhesives market as,

Adhesives Market: Product Segment Analysis,
  • Acrylic
  • PVA
  • Polyurethanes
  • Styrenic block
  • Epoxy
  • EVA
  • Other (including silicones, polyisobutylene)
Adhesives Market: Application Segment Analysis,
  • Pressure sensitive applications
  • Packaging
  • Construction
  • Furniture
  • Footwear
  • Automotive
  • Other (aerospace, electronics, etc 
Adhesives Market: Regional Analysis,
  • Brazil
  • Mexico
  • Argentina
  • Rest of the Latin America
The report segments the Latin America Sealants market as,
Sealants Market: Product Segment Analysis,
  • Silicones
  • Polyurethanes
  • Acrylic
  • Polyvinyl acetate
  • Other (including polysulphide, EVA, etc)
Sealants Market: Application Segment Analysis,
  • Construction
  • Automotive
  • Packaging
  • Assembly
  • Pressure sensitive tapes
  • Consumers
  • Other (aerospace, electronics, etc)
Sealants Market: Regional Analysis,
  • Brazil
  • Mexico
  • Argentina
  • Rest of the Latin America

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Monday, 23 September 2013

Transparency Market Research is Published new Market Report "Technology trends in Lubricants (Mineral, Synthetic, and Bio-based) Market for Turbine oil, Compressor oil, Gear oil, Hydraulic oil, Bearing oil and Heat transfer fluid lubricant Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," The global lubricant market was worth USD 44.0 billion in 2011 and is expected to grow at a CAGR of 5.5% from 2012 to 2018. The global lubricant consumption was 35,605.6 kilo tons in 2011 and is expected to reach 42,304.7 kilo tons in 2018, growing at a CAGR of 2.5% from 2012 to 2018.


Increasing automobile demand is expected to fuel lubricant demand over the forecast period. Increasing regulatory support and the need to reduce crude oil dependence are expected to support bio-based lubricant market growth over the next decade. However, volatility in mineral oil prices and high production cost of bio-based lubricants are key challenges faced by industry participants.

Mineral oil based lubricants were the largest product segment and accounted for 96.8% of the overall consumption volume in 2011. Industrial and commercial automotive applications dominated mineral lubricant demand and accounted for 71.6% of the mineral lubricant consumption in 2011. Automotive oils dominated the bio-based lubricant market and accounted for 25.7% of the bio-based lubricant volumes in 2011.

Asia-Pacific dominated the global lubricant market in terms of consumption, owing to strong demand from China and India, and accounted for 40.2% of the global market in 2011. The growth in North America is primarily fuelled by the growth of the U.S. automobiles market. North America is lubricant demand expected to reach 8,756.3 kilo tons by 2018 while Asia Pacific lubricant market is expected to grow at a CAGR of 3.4% from 2012 to 2018. The European lubricants market is expected to continue to be sluggish for conventional lubricant while simultaneously providing attractive opportunities for their bio-based counterparts.

Some of the key players in the lubricant industry include Royal Dutch Shell, Exxon Mobile, British Petroleum, Castrol, Chevron, Total and Fuchs. The report provides an overview of these companies followed by their financial revenue, business strategies, products and recent developments.

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This research analyzes and estimates the performance and consumption of lubricants in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in lubricants. 

The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the lubricant market as below:

Lubricants Market: Product Segment Analysis
·         Mineral Lubricants
·         Synthetic Lubricants
·         Bio-based Lubricants
Lubricants Market: Technology Trends
·         Turbine oil lubrication
·         Compressor oil lubrication
·         Gear oil lubrication
·         Hydraulic oil lubrication
·         Fire resistant hydraulic fluid
·         Nuclear resistant lubricant
·         Bearing oil lubrication
·         Heat transfer fluid
·         Re-refined base oils and lubricants
·         Nanomaterials based lubrication
·         Other emerging fields
Lubricants Market: Regional Analysis
·         North America
·         Europe
·         Asia-Pacific
·         Rest of the World (Middle East, Latin America, and Africa)


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Sunday, 22 September 2013

Phenol, also known as carbolic acid, is a white crystalline organic compound which is volatile in nature. It is an important industrial commodity as its derivatives are key ingredients in making a wide range of industry products. Phenol and its derivatives are mostly used to make polycarbonates, epoxy resins, Bakelite, nylon, phenolic resins, detergents, herbicides, and pharmaceutical drugs. Its major use that comprises two-third of its production involves the conversion of its derivatives to plastic. The main chemical derivative and the largest market for phenol is bisphenol-A (BPA).


The global demand for the industrial phenol market has been steadily increasing over the last few years mainly because of the demand for its derivatives from the end-use segment. The derivatives of phenol namely bisphenol-A, phenolic resins, and caprolactam together accounted for more than 70% demand for phenol globally in the year 2010. The other factor propelling the growth of the phenol market is the recent growth of the wind energy market. The rise in demand for epoxy resins (derived from phenol) from wind turbine power generators is expected to continue due to the increased global focus on sustainable energy sources in the current high cost crude oil and energy environment.

The growing demand for phenol in China and the Asia-Pacific region provides a wide range of opportunities to the phenol industry. China has emerged as a petrochemical product manufacturer and thus imports a major amount of phenol for producing its derivatives. 

This demand in China is also driving the Asia-Pacific region’s demand for phenol. Many manufacturing plants for phenol and acetone derivatives in the Asia-Pacific region are driving the demand for phenol tremendously, thereby compensating for the slow and steady growth in the American and European market.

Some of the major companies involved in the production of phenol and its derivatives are PTT Phenol, Aditya Birla Chemicals, Bayer Material Science, Mitsubishi Corporation, and Shandong Sheng Quan Chemicals Co. Ltd.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

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Friday, 13 September 2013

Phosphoric fertilizers are manufactured by adding acid to ground or pulverized phosphate rock. Phosphate (SSP) is produced by employing sulfuric acid to chemically extract phosphate from phosphate rock. Organic phosphorus fertilizer has also been discovered in animal remains or in composted animal manure .Unrefined rock phosphate is also used as organic fertilizer, but it can take a number of years by plants to split it down enough for plants to access the nutrients.


The main driver for phosphorous fertilizer market is the agriculture industry. Plants need phosphorous for cell division, growth, photosynthesis, and nuclear formation. Phosphorous compounds transfer and store energy in plants. Hence most crops require significant amount of phosphorous during early stages of growth as deficiency of phosphorous leads to stunting, purpling, or browning on lower leaves or base stem of plants. However heavy doses of phosphorus fertilizer have no considerable result on roots, as most of the phosphorus utilized ends up getting washed away by rain before the plants can benefit from it. 

Excess use of phosphorus fertilizer is a serious threat to water quality because it enters waterways through the storm drains. Phosphorus can also flourish unwanted aquatic plants and green algae that exhaust oxygen in water. Low water oxygen levels kills fish and other aquatic animals. Low oxygen levels in water also increases the cost of drinking water purification. Hence, U.S. has banned the use of phosphor in fertilizers.

Asia Pacific is leading consumer of phosphorous fertilizer followed by Europe and North America. Some of the leading manufacturers in phosphoric fertilizer market are Foskor, Yara International ASA, Omnia, Sasol Nitro, Ma'aden Phosphate Company and others.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World 
This report provides comprehensive analysis of 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

About Us:

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

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Thursday, 12 September 2013

Polymeric composites used for manufacturing parts of aquatic vessels like ships, recreational boats, racing boats, power-boats, jet-boards, and sub-marines are called marine composites. It helps to reduce vessel weight and cost of production, improve fuel efficiency, impact resistance, and longevity of the vessel. Marine composites include carbon fiber reinforced plastics (CFRP), glass fiber reinforced plastics (GFRP), and foam core materials, used to manufacture different parts of a vessel, for different end-uses. 


It is in use for the past forty years, and has technically developed over time, responding to market needs. This is an industry which has witnessed strong market growth over the past years and is expected to remain buoyant in the near future. The market revenue as well as volume are estimated to rise in tandem. It has high scope of growth in North America, Asia Pacific, and Europe.  

Smaller boats are expected to lead the usage of composites, as their production is on the rise. There is huge demand for composites for manufacturing of hulls of yachts and sailing boats, as they are practically maintenance-free. A rise in the number of recreational boats is a key driver of this market. A lot of research is currently undertaken to improve the casting and molding techniques of the composites, which has reduced the cost considerably. There has been a surge in the demand for glass fibers for small boats, while large marine crafts continue to demand CFRP. Rise in the cost of fuel is another driver for this market as manufacturers look to increase fuel efficiency, and reduce the maintenance cost, which is possible with the use of marine composites.

Although the demand is increasing every year, so is the cost of raw materials. The high cost of raw materials negates the market attractiveness of the product, although the technological improvements attempt to bring down the manufacturing costs. This industry is also highly susceptible to the prevailing macro-economic conditions, as demand and output both fall during recessionary periods.

Some of the major players in this market are Cytec Engineered Materials, Hexcel, Toray Carbon Fiber, Zoltek, Mitsubishi Rayon Co., and Nippon Graphite Fiber Corporation among many other prominent players.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

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Dyes and pigments are coloring materials, which are water insoluble. Key end-user industries of pigments include wood-coloring, stone, textiles, paints & coatings, food and metals. Pigment are usually manufactured as dry colorants and grounded into fine powder. As pigments are water insoluble it requires some special techniques for dyeing and printing. Some of the key pigments used across the world include dioxazine, fluorubine, isoindoline, perylene, perinone, and pyrocoline. 


Strong demand from end user industries such as paint and coating, ink, construction industry has been driving the demand for dyes and pigments in the past few years. Moreover increase in end-user preference for environmentally friendly products is expected to drive growth of the dyes and pigments market in the near future. Increasing demand for innovative high performance dyes and pigments is expected to open new growth window for industry participants.  

Asia Pacific is the largest market for dyes and pigments worldwide, followed by Europe and U.S. Inorganic pigments are expected to be the largest revenue and volume segment in the dye and pigment market over the next few years. On the other hand, organic pigments are anticipated to show the largest growth numbers in the future. Specialty pigments, being eco-friendly in nature, are also expected to be in great demand in various regions across the world. Higher price of organic pigments could be one of the factors holding back the organic part of the dyes and pigments market. 

BASF SE, DIC Corporation, Haining Tongyuan Chemical factory, KRONOS Worldwide Inc, Lanxess, Merck, OCI Company ltd, Rockwood Holdings Inc, Sudarshan Chemical Industries ltd, Tokai Carbon Co.Ltd, Cristal Global and Tronox are some of the leading dyes and pigments producers.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

About Us:

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

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Wednesday, 11 September 2013

Insulation refers to a process wherein a non-conducting material is used to isolate something from its surroundings, and sustain its normal state of being. It can be used for different purposes like sound, heat, and electricity insulation. However, the insulation market is heavily influenced by the high-growth building-insulation market. This market can be classified into residential, non-residential, and industrial insulation. Insulators are useful for controlling the energy efficiency of the house, or in an industrial setting and also in reducing the carbon footprint. Insulators can be classified broadly into two categories, Mineral fibers, and Plastic foams among which the later account for the majority of sales.


The insulation market has witnessed high growth over the last decade and is expected to grow at least at the same pace. The biggest market for insulation is the North American region, followed by Europe. Germany leads the demand in Europe followed by the industrial countries like France, Italy, the UK, and Spain. These markets are expected to be steady and grow at a slow pace. However, strong demand is expected to be generated from the nascent markets in Asia-pacific, China, and Latin America.

The main driver of this industry is the growing market in the Asia-Pacific, boosted by the real estate and industrial boom. Insulation is still uncommon in Asia but it is fast catching up, as environment awareness among the public is on the rise. The market is the U.S. is matured but is still growing at a considerable rate. The initiative to change the climate taken up by the government has considerably boosted the home insulation market. In the western market, only about a quarter of the demand is from new buildings, and the rest is retrofit. The retrofit market is considerably large in the USA.

Although insulation is an environment friendly application, it still poses some threat to the environment. Over the years due to the improvement in technology, new highly efficient blowing agents have been developed. These blowing agents consist of an ozone depleting material (CFC), which is not desirable. R&D of environment friendly insulation materials is being carried out to negate this issue. Some of the market players in this industry are Knauf, Rockwool, Celotex, Xtratherm, Isover, and Kingspan.

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  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
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  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

About Us:

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

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The industrial rubber products market include products developed from various types of rubber such as natural rubber, synthetic rubber, elastomers (EPM/EPDM), silicone rubber, butyl rubber (IIR Isobutylene-Isoprene rubber), ethylene-propylene, liquid silicone rubbers (LSR). The industrial rubber products market is extremely competitive with the top ten companies accounting for less than one-third of the total sales. The product segment of industrial rubber include mechanical rubber goods, vibration control products, molded rubber goods, weather stripping products, wiper blades, rubber hoses, large bore dredging hose, high pressure hoses, rubber belting, flat belts, non-flat belts, elevator and conveyor belting, transmission belts, belt drive system, floor and wall coverings, roll coverings, sheet & film, geomembranes and fabricated rubber products.


Mechanical rubber goods that include products such as body seals, vibration control devices and wiper blades, represent the largest product segment in the global market. Rubber products such as seals, caps, stops, closures, and containers are highly used in the medical and pharmaceutical sector to protect the product contents against external environment contaminants. Also rubber products with high resistance to moisture, heat, and ozone gas such as condenser packaging and tank linings have wide industrial applications. In addition, rubber products such as geomembranes are used in construction industry for waterproofing applications. Industrial rubber product are also used in automotive Industry, sound insulation, window frames, roofing systems, aerospace & transportation equipment, off-road equipment, appliances & as household products, computer & office equipment. 

One of the key factors driving this market is the speedy growth of the automotive industry. The increase in the production of motor vehicles increases the demand for industrial rubber products such as belts, hoses, and gaskets. Surging market of manufacturing activity across various industries, ranging from construction machinery to household appliances is expected to foster demand for industrial rubber products. Increase in ease of processing and expanding application areas are expected to favor market growth. The growing threat from substitute products such as thermoplastic elastomers could pose a challenge to the growth of this market. Environmental issues over the emission of volatile organic compound (VOC) in rubber manufacturing are one of the factors constraining the growth of this market.

Global synthetic rubber supply and consumption are mainly concentrated in Asia-Pacific, Europe and North America. The United States represents the single largest market for mechanical rubber goods. In Asia Pacific, countries such as China, India, Japan, and Malaysia accounts for the largest market share of this industry. Western Europe is expected to witness relatively modest growth in view of mature conditions. Market of industrial rubber products in South American regions as well as in the Middle East and Africa is also poised to grow in the near future.

Some of the key participants operating in the market include Bridgestone Corp., Carlisle Companies Inc., Cooper Standard Automotive Inc., Continental AG, Delphi Corp., Freudenberg Group, Goodyear Tire and Rubber Company, Hutchinson SA, NoK Corp., Parker-Hannifin Corp., Tokai Rubber Industries Ltd., Tomkins Plc., Trelleborg AB., Eaton Corp, Myers Industries Inc, Toyo Tire and Rubber Co. Ltd., Nichirin Co. Ltd, and Yokohama Rubber Company Ltd.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

About Us:

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

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Thursday, 5 September 2013

Transparency Market Research published new market report "Succinic Acid Market for 1,4-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Solutions Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," according to the report, global succinic acid market was valued at USD 240.3 million in 2011 and is expected to reach USD 836.2 million by 2018, growing at a CAGR of 19.4% from 2012 to 2018. Global succinic acid production is expected to cross 250 kilo tons by 2018.


Increased demand for 1, 4 butanediol, plasticizers, polyurethane, and resins, coatings, dyes 
and inks has remained the major driving factor for this market. However, high prices of raw material and increasing environmental concerns are the major constraints for the market growth. Growing consumer demand for bio-based succinic acid and low production cost has positively impacted the growth of bio-based succinic acid resulting into strong investment in new projects. This is expected to result into increase in production capacity to fulfill the growing demand for succinic acid in near future. Emergence of bio-based succinic acid market is expected to offset impact of restraining factors such as environmental regulations, volatility in raw materials prices.

Resins, coatings, dyes and inks dominated the market and accounted for 20.8% of the total succinic acid consumption in 2011. With 13.0% share of total volume consumed in 2011, pharmaceutical industry was the second largest application segment for succinic acid. Succinic acid demand is primarily a function of growth in application industries such as paints & coatings, infrastructure, food, footwear, medical, cosmetics, and automotive. Bio-based succinic acid, which has significant potential as a platform chemical, particularly substituting maleic anhydride, is expected to provide huge market opportunity for the players in the market, with a number of companies already in pilot and demo-scale projects for bio-succinic acid production.

Europe dominated the global succinic acid market with a share of 33.6% in 2011 followed by North America and Asia-Pacific which together accounted for 58.8% of the total market. Asia Pacific is estimated to be the fastest growing market for succinic acid due to the rising demand from the most emerging economies such as China, India and Japan. Rapid growth of downstream industries in these countries is expected to drive succinic acid demand in Asia-Pacific.

BioAmber, Reverdia, DSM NV, Myriant Technologies, BASF SE, Mitsubishi Chemicals, Purac Biochem, Anqing Hexing Chemical Co. Ltd, Showa Denko K.K., and Nippon Shokubai Co., Ltd are some of the major manufacturers of succinic acid.

Succinic Acid Market: Application Analysis
·         1,4-butanediol
·         Polyurethane
·         Plasticizers
·         Resins, coatings, dyes & inks
·         Pharmaceutical
·         Food
·         Cosmetics
·         Solvents and lubricants
·         De-icing solutions
·         Others

Succinic Acid Market: Regional Analysis
·         North America
·         Europe
·         Asia-Pacific
·         Rest of the World (RoW)




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