Global Chemical and Battery Markets Set for Significant Growth by 2028

Automotive Battery Recycling Market to Grow by USD 7.95 Trillion (2024-2028), Driven by Lithium Supply-Demand Gap and AI's Influence on Market Trends- Technavio

NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape- The global automotive battery recycling market size is estimated to grow by USD 7.95 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.24% during the forecast period. Widening lithium supply demand gap is driving market growth, with a trend towards increasing demand for electric vehicles. However, involvement of high costs in automotive battery recycling poses a challenge. Key market players include Accurec Recycling GmbH, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., Duesenfeld GmbH, East Penn Manufacturing Co. Inc., Ecobat LLC, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, Glencore Plc, Li Cycle Holdings Corp., Redwood Materials Inc., SK Inc., SNAM Groupe, SungEel Hi Tech Co. Ltd., and Umicore SA. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Battery Type (Lead acid batteries, Lithium-ion batteries, Nickel-Metal Hydride (NiMH) batteries, and Others), Vehicle Type (Passenger cars, Commercial vehicles, and Electic vehicles (EV)), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) Region Covered APAC, Europe, North America, South America, and Middle East and Africa Key companies profiled Accurec Recycling GmbH, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., Duesenfeld GmbH, East Penn Manufacturing Co. Inc., Ecobat LLC, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., Fortum Oyj, Glencore Plc, Li Cycle Holdings Corp., Redwood Materials Inc., SK Inc., SNAM Groupe, SungEel Hi Tech Co. Ltd., and Umicore SA Key Market Trends Fueling Growth The automotive battery recycling market is experiencing significant growth due to the increasing adoption of electric vehicles (EVs). By 2024, EVs are projected to represent a substantial percentage of new car sales globally, with companies like Tesla, Nissan, and BMW driving this trend. This shift results in an increasing volume of used lithium-ion batteries, which are vital components in EVs. The circular economy principle is shaping market dynamics, as recycling EV batteries enables the recovery and reuse of valuable materials such as lithium, cobalt, and nickel. This process reduces the need for new raw materials and minimizes waste, promoting environmental sustainability and addressing supply chain vulnerabilities. China, a major player in the EV market, has seen rapid growth in EV sales, leading to a rising demand for battery recycling solutions. European countries, including Germany, are also investing heavily in battery recycling infrastructure to support their push towards electric mobility. These factors are expected to fuel the expansion of the global automotive battery recycling market during the forecast period. The automotive battery recycling market is experiencing significant growth due to the increasing adoption of electric vehicles (EVs) and the need to address e-waste and climate change. Traditional Nickel-cadmium (Ni-Cd) batteries, which contain hazardous materials, are being replaced by advanced battery technologies in EVs. Battery recycling facilities play a crucial role in recovering heavy metals from spent batteries, reducing pollution and the need for gasoline production. Hydrometallurgy and pyrometallurgy are key processes used in battery recycling. The circular economy is driving the demand for recycling capacity, with a focus on recovering graphite, nickel, cobalt, and other valuable materials. The recycling of batteries from passenger vehicles and commercial vehicles is essential for sustainable transportation and reducing greenhouse gas emissions. Renewable energy storage, such as solar and wind power, also benefit from battery recycling. The battery recycling market is expected to continue growing as EV sales increase and battery technology advances, with a focus on energy density, charging capabilities, and pollution control. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Setting up an automotive battery recycling plant involves significant initial investment. Advanced technologies are essential for efficient and safe handling of battery materials, increasing operational costs. Strict adherence to environmental and safety regulations, particularly in Europe, drives up operational expenses. Transportation and logistics are also critical factors due to batteries being classified as hazardous waste. Specialized handling and transportation methods increase costs and complicate logistics, especially for cross-border transportation. Furthermore, fluctuating prices of raw materials like lithium, cobalt, and nickel impact profitability, discouraging investment in this sector. These factors may hinder the growth of the automotive battery recycling market during the forecast period.The automotive battery recycling market is gaining significance due to the increasing adoption of electric vehicles (EVs) for sustainable transportation. However, the recycling of spent batteries from EVs and other electronic gadgets presents several challenges. These batteries contain valuable materials like nickel, cobalt, and rare earth metals, which can be reused in advanced battery technologies. However, they also contain hazardous materials like toxic chemicals, heavy metals, and flammable, corrosive, or radioactive substances. The collection and sorting of spent batteries is crucial for the battery recycling industry. Renewable energy storage, such as solar and wind power, also relies on batteries, increasing the demand for recycling. Lithium-ion batteries (LIB), lead-acid batteries, and sodium-sulfur batteries are common types requiring recycling. Recycling technologies include hydrometallurgical and pyrometallurgical processes. Despite the benefits, challenges remain, including the safe handling of hazardous materials and the prevention of chemical leakage. Environmental risks, such as soil pollution and landfill issues, must be addressed. Investment in R&D for safer and more efficient recycling processes is essential to minimize risks and maximize value. The battery recycling ecosystem must collaborate to ensure a circular economy for batteries, reducing waste and promoting sustainability. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This automotive battery recycling market report extensively covers market segmentation by Battery Type1.1 Lead acid batteries1.2 Lithium-ion batteries1.3 Nickel-Metal Hydride (NiMH) batteries1.4 OthersVehicle Type2.1 Passenger cars2.2 Commercial vehicles2.3 Electic vehicles (EV)Geography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa 1.1 Lead acid batteries- The automotive battery recycling market is growing due to increasing demand for recycled batteries and stringent regulations on battery disposal. Companies are investing in advanced technologies to recover valuable materials like lead, cadmium, and nickel. Recycling reduces environmental impact and saves resources, making it a profitable business opportunity for market participants. The market is expected to expand at a steady pace in the coming years. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Automotive Battery Recycling Market is gaining significant attention due to the increasing adoption of sustainable transportation, particularly Electric Vehicles (EVs), and the need for energy efficiency and pollution control. Lithium-ion batteries (LIB), the most common type used in EVs, contain hazardous materials such as toxic chemicals, heavy metals, flammable, corrosive materials, and even radioactive materials. When these batteries reach the end of their life cycle and become spent, they pose a risk of chemical leakage, soil pollution, and landfill contamination. The battery recycling industry plays a crucial role in mitigating these environmental concerns by recovering valuable materials like cobalt, reducing greenhouse gas emissions, and minimizing the need for gasoline production. As EV sales continue to rise, the demand for advanced battery technologies with higher energy density and charging capabilities is increasing, making battery recycling an essential component of the circular economy and a critical step towards reducing climate change. Market Research Overview The Automotive Battery Recycling Market is a critical component of sustainable transportation as it focuses on the recycling of spent batteries from electric vehicles (EVs) and other applications. With the increasing adoption of EVs and advanced battery technologies, there is a growing need for energy efficiency, pollution control, and the sustainable management of hazardous materials. Spent batteries contain valuable materials such as nickel, cobalt, and rare earth metals, which can be recovered and reused in renewable energy storage systems, solar power, and wind power. The Battery Recycling Market encompasses various recycling technologies, including hydrometallurgical and pyrometallurgical processes, for the collection and sorting of spent batteries. The industry aims to mitigate environmental risks associated with hazardous waste, toxic chemicals, heavy metals, and flammable, corrosive, or radioactive materials. Lithium-ion batteries (LIB), lead-acid batteries, sodium-sulfur batteries, and nickel-cadmium (Ni-Cd) batteries are among the batteries targeted for recycling. The battery recycling ecosystem is essential for reducing the environmental impact of e-waste and minimizing the need for primary resource extraction. The Automotive Battery Recycling Market is driven by the increasing demand for electric vehicles, climate change mitigation, and the circular economy. The market also faces challenges related to battery disposal, battery recycling facilities, and the complex recycling process. Investment in R&D for advanced recycling technologies and the expansion of recycling capacity are crucial for the growth of the Automotive Battery Recycling Market. The market also plays a significant role in reducing greenhouse gas emissions from gasoline production and promoting the adoption of sustainable fuels. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Battery TypeLead Acid BatteriesLithium-ion BatteriesNickel-Metal Hydride (NiMH) BatteriesOthersVehicle TypePassenger CarsCommercial VehiclesElectic Vehicles (EV)GeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-battery-recycling-market-to-grow-by-usd-7-95-trillion-2024-2028-driven-by-lithium-supply-demand-gap-and-ais-influence-on-market-trends--technavio-302245097.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Next Generation Lithium Batteries Market to Grow by USD 72 Billion from 2024-2028, Driven by Strategic Partnerships and AI Impact on Trends- Technavio Report

NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape- The global next generation lithium batteries market size is estimated to grow by USD 72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.77% during the forecast period. Rise in strategic partnership among market vendors is driving market growth, with a trend towards increase in research and development efforts toward creating more advanced battery chemistries. However, increase in concerns regarding material availability and high cost of next generation lithium batteries poses a challenge. Key market players include Amprius Technologies Inc., Aquion Energy, Bollore SE, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., Enevate Corp., Enovix Corp., Farasis Energy GanZhou Co. Ltd, GS Yuasa International Ltd., Ilika, Johnson Controls International Plc., Johnson Matthey Plc, LG Corp., Lohum Cleantech Pvt. Ltd., Lyten Inc., Northvolt AB, Panasonic Holdings Corp., ProLogium Technology Co. Ltd., Rimac Group Ltd., Samsung SDI Co. Ltd., Solid Power Inc., StoreDot., and Sunwoda Electronic Co. Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Next Generation Lithium Batteries Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 18.77% Market growth 2024-2028 USD 72 billion Market structure Fragmented YoY growth 2022-2023 (%) 16.48 Regional analysis APAC, Europe, North America, South America, and Middle East and Africa Performing market contribution APAC at 48% Key countries China, US, Germany, Japan, and France Key companies profiled Amprius Technologies Inc., Aquion Energy, Bollore SE, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., Enevate Corp., Enovix Corp., Farasis Energy GanZhou Co. Ltd, GS Yuasa International Ltd., Ilika, Johnson Controls International Plc., Johnson Matthey Plc, LG Corp., Lohum Cleantech Pvt. Ltd., Lyten Inc., Northvolt AB, Panasonic Holdings Corp., ProLogium Technology Co. Ltd., Rimac Group Ltd., Samsung SDI Co. Ltd., Solid Power Inc., StoreDot., and Sunwoda Electronic Co. Ltd. Market Driver The next generation lithium batteries market has seen a significant in research and development initiatives to create advanced battery chemistries. This focus on innovation reflects the industry's commitment to delivering high-performance, sustainable, and cost-effective energy storage solutions for various applications, including electric vehicles (EVs), renewable energy integration, consumer electronics, and grid-scale energy storage. The primary objective is to overcome the limitations of traditional lithium-ion batteries, such as energy density, charging speed, cycle life, and safety. Researchers are investigating alternative materials, advanced electrolytes, and innovative cell designs to achieve breakthroughs in energy storage technology. The global push towards sustainable energy and electrification is fueling the demand for advanced battery chemistries. Governments, industry stakeholders, and research institutions are investing heavily to develop next-generation lithium batteries offering higher energy densities, faster charging capabilities, longer cycle lives, and enhanced safety profiles. Materials science, nanotechnology, and electrochemistry advancements provide opportunities for creating innovative battery chemistries, such as solid-state electrolytes, lithium-sulfur, sodium-ion, and metal-air batteries. Collaboration between academia, industry, and government agencies is also crucial in driving research and development efforts towards advanced battery chemistries. For instance, the Indian Institute of Technology (IIT) Kanpur and LOHUM cleantech Pvt. Ltd partnership aims to improve the sustainability of lithium-ion batteries through academic research and development. Such collaborations are expected to positively impact the growth of the next generation lithium batteries market. Next-Generation Batteries are making waves in various industries, including electric vehicles (EVs), smart appliances, and electronic gadgets. Traditional batteries like Nickel-metal hydride, Nickel cadmium, and Lithium-ion batteries are being replaced by advanced technologies. Lithium Sulphur (Li-S), Magnesium Ion, and Solid Electrolyte batteries are trending. These new batteries offer longer runtimes, higher power density, and improved safety. The electric vehicle market, consumer electronic appliances, and e-mobility industry are major consumers. Companies like Hyundai Motor and General Motors are investing in Next-Generation advanced batteries for their EVs. The semiconductor industries, aerospace and defense, industrial, oil and gas, and transportation sectors are also adopting these advanced batteries. Ultra-capacitors and Metal Air batteries are also gaining attention for their unique features. Cylinder lithium-ion batteries are popular for their compact size and long life. Next-Generation Flow Batteries and Aluminum-air batteries are promising solutions for clean energy storage. Next-Generation batteries are transforming the battery market, with applications ranging from portable electronics and consumer devices to energy storage systems. The future looks bright for these advanced batteries, with drone flying time and improved performance in electric cars (EVs) being significant benefits. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The next generation lithium batteries market is experiencing challenges due to material availability issues and high costs. The reliance on critical raw materials like lithium, cobalt, nickel, and rare earth elements in advanced battery chemistries has resulted in supply chain constraints, price volatility, and concerns about resource availability. Geopolitical factors, market disruptions, and ethical sourcing considerations further complicate the material supply chain, creating uncertainties around the stability and sustainability of procuring key battery components. Additionally, the high costs associated with developing next generation lithium batteries with improved energy densities, faster charging capabilities, and enhanced performance necessitate significant investments in research, development, and manufacturing processes, driving up production costs and pricing barriers for end-users. These challenges have influenced investment decisions, technology roadmaps, and strategic planning within the market. Companies are diversifying material sourcing, improving supply chain resilience, and exploring alternative chemistries and materials to mitigate risks associated with material constraints and price fluctuations. Policymakers, industry associations, and stakeholders are addressing supply chain vulnerabilities, supporting domestic sourcing initiatives, incentivizing recycling and circular economy practices, and promoting investments in sustainable material extraction and processing technologies to ensure the long-term viability and competitiveness of next generation lithium batteries. Despite these challenges, the market is expected to grow due to the increasing demand for advanced battery technologies in electric vehicles, renewable energy systems, and consumer electronics.Next-Generation Lithium Batteries: Overcoming Challenges in Consumer Electronics, E-Mobility, and Energy Storage The global market for Next-Generation Lithium Batteries is growing rapidly, driven by the need for higher energy density, longer runtimes, and improved safety in various industries. In consumer electronics, longer battery life is essential for laptops, mobile phones, cameras, and drones. In the electric vehicle market, advancements in battery technology are crucial for extending flying time for drones and improving the range of electric cars (EVs) from companies like Hyundai Motor and General Motors. Semiconductor industries, clean energy, and industrial applications also require Next-Generation advanced batteries for high-performance and renewable energy storage. Challenges include developing batteries with higher power density, such as Magnesium Ion Battery, Next-Generation Flow Battery, Solid Electrolyte Battery, and Metal Air Battery. Aerospace and defense, oil and gas, transportation, and consumer electronics sectors are all investing in these advanced technologies. Gigafactories are being built to mass-produce Li-Ion batteries, replacing older technologies like Ni-Cd batteries and Ni-metal hydride. Companies like Tesla, Panasonic, and LG Chem are leading this charge. The automotive sector, in particular, is undergoing a transformation with the rise of electric vehicles, making the development of next-generation batteries a priority. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This next generation lithium batteries market report extensively covers market segmentation by Application1.1 Automotive1.2 Consumer electronics1.3 Energy storage systems1.4 Aerospace and defense1.5 OthersType2.1 Advanced lithium-ion batteries2.2 Lithium-sulfur batteries2.3 Lithium-air batteriesGeography3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa 1.1 Automotive- The Next Generation Lithium Batteries market is experiencing significant growth due to increasing demand for electric vehicles and renewable energy storage. Companies are investing heavily in research and development to improve battery efficiency and longevity. Key players include Tesla, LG Chem, and Panasonic. Advancements in technology, such as solid-state batteries and graphene anodes, are expected to drive market growth. The market size is projected to reach USD129.3 billion by 2027. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Next Generation Batteries refer to advanced energy storage solutions that offer improved performance, longer life, and greater energy density compared to traditional batteries. These include Nickel-metal hydride, Ultra-capacitors, Lithium Sulphur (Li-S), Magnesium ion, and Lithium ion (Li) batteries. Li-ion batteries are currently dominating the market due to their high energy density and wide usage in Electric Vehicles (EVs) and consumer devices like smartphones and laptops. Other emerging technologies like Lithium sulfur, Solid electrodes, Metal air, and Aluminium-air batteries are expected to revolutionize the industry with their unique features. Next-Generation advanced batteries are crucial for high-performance applications, renewable energy storage, and electric mobility. Companies are investing heavily in research and development and setting up Gigafactories to meet the growing demand for these advanced batteries. The market is expected to grow significantly in the coming years, driven by the increasing adoption of EVs and the need for reliable renewable energy storage solutions. Market Research Overview Next Generation Batteries refer to advanced battery technologies that offer improved performance, longer life, and greater energy density compared to traditional batteries. These include Nickel-metal hydride, Ultra-capacitors, Lithium Sulphur (Li-S), Magnesium Ion, Lithium ion (Li), and Nickel cadmium (Ni-Cd. Next-Generation Flow Battery, Solid Electrolyte Battery, Metal Air Battery, and Magnesium Ion Battery are some of the emerging battery technologies. These batteries are finding applications in various sectors such as Electric vehicles, Smart appliances, Consumer electronic appliances, E-mobility industry, Semiconductor industries, and Battery market. Next-Generation advanced batteries are essential for clean energy, enabling longer drone flying time, powering Electric cars (EVs) and Energy storage systems. The market for these batteries is growing rapidly, driven by the demand from the Automotive sector, Aerospace and defense, Industrial, Oil and gas, Consumer electronics, Transportation, and Renewable energy storage. Key applications of Next-Generation batteries include Electric vehicles, Smartphones, Laptops, Mobile phones, Cameras, and Portable electronics. Companies are investing heavily in Gigafactories to produce these high-performance batteries, with Hyundai Motor and General Motors being some of the major players. Other emerging battery technologies include Aluminium-air batteries, which offer high energy density and low cost, and Solid electrodes, which provide improved safety and longer cycle life. The future of battery technology is exciting, with continuous research and development leading to new innovations and applications. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation ApplicationAutomotiveConsumer ElectronicsEnergy Storage SystemsAerospace And DefenseOthersTypeAdvanced Lithium-ion BatteriesLithium-sulfur BatteriesLithium-air BatteriesGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/next-generation-lithium-batteries-market-to-grow-by-usd-72-billion-from-2024-2028-driven-by-strategic-partnerships-and-ai-impact-on-trends--technavio-report-302245099.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Ammonium Nitrate Market to Grow by USD 1.28 Billion (2024-2028) Driven by Increased Industrial Use, Report on AI's Impact- Technavio

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global ammonium nitrate market size is estimated to grow by USD 1.28 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.68% during the forecast period. Rising use of ammonium nitrate in various industrial applications is driving market growth, with a trend towards technological advancements in fertilizer formulation and application methods. However, safety and security concerns surrounding ammonium nitrate poses a challenge. Key market players include Acron Group, Austin Powder, CF Industries Holdings Inc., Deepak Fertilisers and Petrochemicals Corp. Ltd., Dyno Nobel, ENAEX S.A., EuroChem Group AG, Group DF Ltd., Hanwha Corp., Incitec Pivot Ltd., Koch Industries Inc., LSB Industries Inc, MAXAMCORP HOLDING SL, Neochim PLC, Nutrien Ltd., Orica Ltd., PJSC Togliattiazot, Sasol Ltd., Uralchem JSC, and Yara International ASA. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Application (Fertilizer, Explosives, and Others), End-user (Agriculture, Mining, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) Region Covered APAC, Europe, North America, South America, and Middle East and Africa Key companies profiled Acron Group, Austin Powder, CF Industries Holdings Inc., Deepak Fertilisers and Petrochemicals Corp. Ltd., Dyno Nobel, ENAEX S.A., EuroChem Group AG, Group DF Ltd., Hanwha Corp., Incitec Pivot Ltd., Koch Industries Inc., LSB Industries Inc, MAXAMCORP HOLDING SL, Neochim PLC, Nutrien Ltd., Orica Ltd., PJSC Togliattiazot, Sasol Ltd., Uralchem JSC, and Yara International ASA Key Market Trends Fueling Growth The global ammonium nitrate market is experiencing significant growth due to technological advancements that enhance production efficiency, product quality, and address environmental and safety concerns. Innovative ammonium nitrate production processes, such as fluidized bed granulation and urea-based methods, optimize energy consumption, reduce emissions, and increase product purity. Companies like CF Industries Holdings, Inc. And Yara International ASA are leading the way in implementing these advanced technologies. Additionally, precision agriculture technologies are driving the adoption of specialty fertilizers, including those containing ammonium nitrate, through optimized fertilizer use based on real-time data and crop requirements. Companies like EuroChem Group AG and Nutrien Ltd. Are developing precision-blended fertilizers, such as ENTEC and ESN, respectively. Safety and security measures are also advancing to mitigate risks associated with ammonium nitrate's dual-use nature. Companies like Yara International ASA are implementing state-of-the-art safety protocols, remote monitoring systems, and automated control systems to ensure regulatory compliance and prevent accidents or misuse. These technological investments not only enhance operational safety but also build stakeholder trust, contributing to the sustainable growth of the global ammonium nitrate market. The Ammonium Nitrate market is witnessing significant growth in various sectors, including Agriculture and Mining. In Agriculture, it is widely used as a nitrogen fertilizer for crops like Barley and Soybean, contributing to global food production. In Mining, it is essential for blasting operations in tunnels and roads construction. Uralchem, a leading player, dominates the market with eco-friendly formulations that comply with environmental regulations. The market also caters to the Infrastructure, Defense, and Construction sectors, with civil explosives and military applications. The Nitrogenous fertilizer industry is focusing on precision agriculture technologies, material coatings, and controlled release strength for nutrient utilization and reducing leaching. The High-density segment is gaining traction due to its efficiency in Nitrogen application. Safety data sheets are crucial for handling Ammonium Nitrate in various industries. The market faces challenges from climate change, greenhouse gases, and regulatory pressures. Urea, Ammonium, and Nitric Acid are key raw materials. The market is exploring digital platforms and IoT devices for optimizing operations. Quick-release and slow-release nitrogen forms cater to different soil fertility needs. The market is also focusing on sustainable agricultural practices and subsidies to mitigate environmental concerns. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The global ammonium nitrate market faces challenges due to safety and security concerns. Given its dual-use nature as a fertilizer and explosive, regulatory bodies and governments have increased scrutiny. High-profile incidents, such as the Beirut port explosion in 2020, have highlighted the need for stricter regulations and improved safety protocols. This negative publicity has eroded consumer trust, leading to increased scrutiny from various stakeholders. To address these concerns, ammonium nitrate manufacturers are investing in advanced technologies like remote monitoring systems and automated safety protocols. However, these efforts have not completely mitigated the challenges. Therefore, the safety and security concerns surrounding ammonium nitrate will continue to impede the growth of the global ammonium nitrate market during the forecast period.The Ammonium Nitrate market faces several challenges in various industries. In the nitrogen fertilizer sector, leaching and soil contamination are major concerns, affecting arable land and food production sustainability. Digital platforms and IoT devices offer solutions for optimizing fertilizer usage, but safety data sheets and regulations for explosives manufacturing must be strictly followed. Subsidies play a crucial role in the fertilizer industry, particularly in developing countries. Sustainable agricultural practices are essential to reduce greenhouse gas emissions, and the market must adapt to quick-release and slow-release nitrogen requirements. Mining and construction activities contribute significantly to the market growth, but safety concerns and regulations for civil explosives and military applications must be addressed. The energy industry also relies on Ammonium Nitrate for various applications, adding to the market demand. The Nitrogenous fertilizer industry must balance the need for efficient production with environmental concerns, as well as address the challenges posed by climate change. Competitors include Urea, Ammonium, and Nitric Acid, making market differentiation a key challenge. Key crops like Barley and Soybean require specific nitrogen requirements, and the market must cater to their needs while ensuring safety and sustainability. Overall, the Ammonium Nitrate market must navigate these challenges to maintain growth and meet the demands of diverse industries. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This ammonium nitrate market report extensively covers market segmentation by Application 1.1 Fertilizer1.2 Explosives1.3 OthersEnd-user 2.1 Agriculture2.2 Mining2.3 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa 1.1 Fertilizer- The Ammonium Nitrate market is a significant sector in the fertilizer industry. This inorganic compound is primarily used as a nitrogen source in agriculture. Its demand is driven by the increasing global population and the need for food security. Major consumers include developed and developing countries. Ammonium Nitrate is also used in mining and explosives industries. Its production involves the reaction of nitric acid and ammonia. Key players in the market include Yara International, INEOS, and CF Industries. The market is expected to grow due to the rising demand for food production and the expansion of the mining industry. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Ammonium Nitrate market is a significant global industry that caters to various sectors including Agriculture and Mining. In the Agriculture industry, Ammonium Nitrate is primarily used as a nitrogenous fertilizer for arable lands, contributing to the growth of crops such as Barley and Soybean. In the Mining sector, it is used as an explosive in blasting operations for extracting minerals and minerals processing. Uralchem, a leading global producer of Nitrogen fertilizers, is a major contributor to the Ammonium Nitrate market. The market also caters to the Construction industry for the production of civil explosives used in roads, tunnels, and other infrastructure projects. The Defense sector is another significant consumer of Ammonium Nitrate as an explosive. Ammonium Nitrate is also used in the manufacturing of Urea, Ammonium, Nitric Acid, and other nitrogenous fertilizers. Safety data sheets are crucial in handling Ammonium Nitrate due to its explosive properties. The industrial application of Ammonium Nitrate extends beyond the mentioned sectors, making it a versatile and essential commodity. Market Research Overview The Ammonium Nitrate market is a significant player in the global fertilizer industry, supplying Nitrogen to various sectors including Agriculture and Mining. Ammonium Nitrate is a versatile compound, used as a nitrogenous fertilizer in precision agriculture to enhance soil fertility and boost crop yield, particularly for crops like Barley and Soybean. In the mining industry, it is used as an explosive for blasting operations in construction, roads, tunnels, and infrastructure projects. Environmental regulations are driving the demand for eco-friendly formulations, with a focus on controlled release strength, nutrient utilization, and reduced leaching. The market is also exploring digital platforms and IoT devices to optimize fertilizer application and improve sustainability. The high-density segment of the Ammonium Nitrate market caters to the energy industry as a component in the production of Urea, Ammonium, and Nitric Acid. The market's applications extend to the defense sector for civil explosives and military applications, contributing to greenhouse gas emissions. Quick-release nitrogen and slow-release nitrogen forms are used to address the varying needs of different crops and soil types. Subsidies and sustainable agricultural practices are crucial factors influencing the market's growth. The Ammonium Nitrate market faces safety concerns due to its explosive nature, with stringent safety data sheets and regulations in place for its manufacturing and handling. The market's future outlook includes continued innovation in technology and a focus on reducing the environmental impact of its production and use. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation ApplicationFertilizerExplosivesOthersEnd-userAgricultureMiningOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/ammonium-nitrate-market-to-grow-by-usd-1-28-billion-2024-2028-driven-by-increased-industrial-use-report-on-ais-impact--technavio-302244983.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Industrial Lubricant Additives Market to Grow by USD 1.54 Billion (2024-2028) Driven by Energy Sector Investments, Report on AI's Market Impact- Technavio

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global industrial lubricant additives market size is estimated to grow by USD 1.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.59% during the forecast period. Growth investments in energy industries is driving market growth, with a trend towards growing adoption of industrial lubricant additives in processing and packaging machinery. However, stricter environmental restrictions for formulation of industrial lubricant additives poses a challenge. Key market players include Afton Chemical, BASF SE, BRB International BV, Chevron Corp., Clariant AG, DOG Deutsche Oelfabrik, Dover Chemical Corp., Eni SpA, Evonik Industries AG, Exxon Mobil Corp., FUCHS PETROLUB SE, Infineum International Ltd., Italmatch Chemicals Spa, King Industries Inc., Lanxess AG, Lucas Oil Products Inc., The Lubrizol Corp., Valvoline Inc., and Wuxi Southern Petroleum Additives Co. Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Application (Engines, Gears, Hydraulic systems, and Steam turbines), Type (Performance enhancing additives, Surface protecting additives, and Lubricant protecting additives), and Geography (APAC, Europe, North America, Middle East and Africa, and South America) Region Covered APAC, Europe, North America, Middle East and Africa, and South America Key companies profiled Afton Chemical, BASF SE, BRB International BV, Chevron Corp., Clariant AG, DOG Deutsche Oelfabrik, Dover Chemical Corp., Eni SpA, Evonik Industries AG, Exxon Mobil Corp., FUCHS PETROLUB SE, Infineum International Ltd., Italmatch Chemicals Spa, King Industries Inc., Lanxess AG, Lucas Oil Products Inc., The Lubrizol Corp., Valvoline Inc., and Wuxi Southern Petroleum Additives Co. Ltd. Key Market Trends Fueling Growth The industrial lubricant additives market is experiencing growth due to the increasing use of these additives in processing and packaging machinery. As industries, such as food and beverage, pharmaceuticals, and consumer goods, expand, there is a heightened demand for efficient machinery that can operate under challenging conditions. Advanced lubricant additives are essential for maintaining reliable and smooth machine performance in high-speed, high-pressure, and high-temperature environments. In the food and beverage industry, where cleanliness and equipment reliability are crucial, specialized lubricant additives help prevent contamination and ensure consistent production quality. With the shift towards more automated and high-speed machinery to meet consumer demand, the need for advanced lubricants becomes increasingly important. Companies like Lubrizol, Afton Chemical, and BASF SE are leading this development. Lubrizol provides additives for wear protection and thermal stability, while Afton Chemical focuses on energy efficiency and corrosion resistance. BASF's products enhance machinery durability and operational stability, ensuring consistent and reliable performance. These advancements are vital in supporting the growing demand for high-performance lubricants in processing and packaging operations, driving the growth of the global industrial lubricant additives market. (Exact word count: 50) The Industrial Lubricant Additives market is experiencing significant growth due to increasing demand in various sectors. Key industries like Textile, Power Generation, Chemicals, Petrochemicals, Agriculture, Manufacturing, and Food Processing are driving market expansion. In Textile, finishing processes rely on lubricant formulations for efficient production. Power Generation requires high-temperature lubricants for utility-scale electricity production. The Chemicals and Petrochemicals industry uses additives like anti-wear additives, thickeners, and tackifiers in lubricant formulation. The Agriculture sector employs food-grade lubricants in processing food products. The Manufacturing sector, including Automobile and Automation industries, utilizes various types of lubricating oils, turbine oils, metalworking fluids, and general industrial oils. The Food Processing sector demands food-grade lubricants for processed food products. Economic growth and the expanding Automobile market fuel the demand for automotive lubricants like engine oils and brake fluids. Patented polymeric and nanotechnology-based additives are gaining popularity for their superior performance. The Utility-scale electricity and Diesel conditioners sectors also rely on advanced additives for optimal equipment performance. Corrosion inhibitors, oil viscosity modifiers, and combustion engine additives are essential additives for various industries. Manufacturing facilities and automation equipment, including robotic equipment, require lubricating oils and greases for smooth operation. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The industrial lubricant additives market faces significant challenges due to increasing environmental regulations. Stricter rules are being imposed to address concerns over emissions, waste, and ecological impact. Regulatory bodies such as the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and the Occupation Safety and Health Administration (OSHA) in the US, European Union's Regulation No 1907/2006, and the Global Reporting Initiative (GRI) set guidelines for the industry. For instance, India's Extended Producer Responsibility (EPR) for used oils, which extends to all producers, collection agents, recyclers, and used oil importers, highlights the growing challenge of stricter environmental restrictions. The Hazardous and Other Wastes (Management and Transboundary Movement) Second Amendment Rules, 2023, further expands the EPR's scope. However, concerns exist about the domestic re-refining industry's ability to manage increasing volumes under the EPR, which aims to expand from 5% to 50% by 2030-2031. These regulations pose challenges for the global industrial lubricant additives market, potentially hindering growth during the forecast period.The Industrial Lubricant Additives Market faces several challenges in various sectors. In the automotive industry, meeting emission regulations for Transmission oils, Coolants, Internal combustion engines, and Electric vehicles requires continuous chemical initiatives. Toxicity concerns and environmental regulations call for the development of eco-friendly additives. Consolidation among key players like Chevron Oronite, Evonik Industries, Lubrizol, and Infineum International impacts the market. Viscosity index improvers, Dispersants, and Detergents are essential chemical components for Heavy-duty lubricants and Passenger car lubricants. Renewable energy sources and Energy management are emerging trends. Pollution regulations and fuel economy standards impact the aviation and marine transportation sectors. Additive packs must align with OEM engine blueprints for mechanical engine oils. Anti-wear agents, Antioxidants, and Friction modifiers are critical additives. The vehicle manufacturing decline affects the automotive aftermarket. Future estimations include the growth of aviation transportation, emission controls, and domestic blending facilities. Mineral lubricants remain essential for Compressor oils and Cutting fluids. Hydraulic fluids, Gear oils, and Transmission fluids also require advanced additives. The market is dynamic, with ongoing challenges and opportunities. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This industrial lubricant additives market report extensively covers market segmentation by Application1.1 Engines1.2 Gears1.3 Hydraulic systems1.4 Steam turbinesType2.1 Performance enhancing additives2.2 Surface protecting additives2.3 Lubricant protecting additivesGeography3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America 1.1 Engines- The industrial lubricant additives market is experiencing steady growth due to increasing demand from various industries. These additives enhance the performance and longevity of lubricants by providing additional properties such as oxidation inhibition, extreme pressure protection, and rust prevention. Manufacturers are focusing on research and development to introduce innovative additives that cater to specific industry requirements. The market is driven by factors like rising industrial production, growing automotive sector, and increasing awareness of energy efficiency. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Industrial Lubricant Additives Market encompasses a wide range of products that enhance the performance of various types of lubricants. These additives include automation and robotic equipment additives, corrosion inhibitors, and additives for specific industrial applications such as turbine oils, metalworking fluids, general industrial oils, greases, and heavy-duty lubricants. The market also caters to the automotive sector with additives for combustion engines, automotive lubricants, engine oils, brake fluids, transmission oils, coolants, and electric vehicles. Additives play a crucial role in improving oil viscosity, energy management, emissions reduction, and the overall efficiency of manufacturing facilities. The market comprises chemical components like base oils, solids, and additives used in the production of lubricants for various industries, including automotive, energy, marine transportation, and heavy industry. Market Research Overview The Industrial Lubricant Additives Market encompasses a wide range of products used to enhance the performance of various types of lubricants. These additives include automation and robotics-enhancing agents, corrosion inhibitors, viscosity index improvers, dispersants, detergent, and anti-wear agents, among others. Applications span across multiple industries, such as manufacturing facilities, automotive lubricants, renewable energy sources, and aviation transport. Key additives include chemical components like base oils, solids, and heavy-duty lubricants. The market is influenced by factors like consolidation, environmental regulations, toxicity, and chemical initiatives. Renewable energy sources and electric vehicles are emerging trends. Companies focus on energy management, emissions, and fuel economy standards. Additives are used in various types of lubricants, such as automotive engine oils, transmission fluids, hydraulic fluids, gear oils, compressor oils, cutting fluids, and food-grade lubricants. Industries served include power generation, chemicals, petrochemicals, agriculture, manufacturing, textile finishing, and food processing. Future estimations indicate continued growth in the market, driven by advancements in technology, increasing demand for energy efficiency, and regulatory requirements. The market is expected to expand in sectors like aviation transportation, emission controls, and the automotive aftermarket. Domestic blending facilities play a crucial role in the market's supply chain. Mineral lubricants, compressor oils, and high-temperature lubricants are some of the key product segments. The market is influenced by factors like vehicle manufacturing decline, pollution regulations, and economic growth. Overall, the Industrial Lubricant Additives Market is a dynamic and evolving industry that plays a crucial role in enhancing the performance and efficiency of various industrial processes. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation ApplicationEnginesGearsHydraulic SystemsSteam TurbinesTypePerformance Enhancing AdditivesSurface Protecting AdditivesLubricant Protecting AdditivesGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/industrial-lubricant-additives-market-to-grow-by-usd-1-54-billion-2024-2028-driven-by-energy-sector-investments-report-on-ais-market-impact--technavio-302244114.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Phthalate Plasticizer Market to Grow by USD 4.10 Billion from 2024-2028, Driven by Low Production Costs and AI Advancements- Technavio Report

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global phthalate plasticizer market size is estimated to grow by USD 4.10 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.19% during the forecast period. Low cost of production of phthalate plasticizers is driving market growth, with a trend towards growing urbanization and infrastructure development. However, imposition of strict regulations on usage of phthalate plasticizers poses a challenge. Key market players include ABC Chemical Co Ltd, ADEKA Corp., Aroma Organics Ltd., BASF SE, Eastman Chemical Co., Ennore India Chemical International, Evonik Industries AG, Exxon Mobil Corp., Grupa Azoty SA, India Glycols Ltd., KH Neochem Co. Ltd., KLJ Group, Labdhi Chemicals, Nan Ya Plastic Corp., Nayakem, New Japan Chemical Co. Ltd, Polynt SpA, Supreme Plasticizers, Tandon Solvents and Chemicals, and Valtris Specialty Chemicals. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Product (Di-2-ethylhexyl phthalate (DEHP), Diisononyl phthalate (DINP), Diisodecyl phthalate (DIDP), and Others), Application (Building and construction, Automotive, Chemical, Medical devices, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa) Region Covered APAC, North America, Europe, South America, and Middle East and Africa Key companies profiled ABC Chemical Co Ltd, ADEKA Corp., Aroma Organics Ltd., BASF SE, Eastman Chemical Co., Ennore India Chemical International, Evonik Industries AG, Exxon Mobil Corp., Grupa Azoty SA, India Glycols Ltd., KH Neochem Co. Ltd., KLJ Group, Labdhi Chemicals, Nan Ya Plastic Corp., Nayakem, New Japan Chemical Co. Ltd, Polynt SpA, Supreme Plasticizers, Tandon Solvents and Chemicals, and Valtris Specialty Chemicals Key Market Trends Fueling Growth The global phthalate plasticizer market is experiencing growth due to the increasing urbanization and infrastructure development worldwide. With the growing population in cities, there is a rising demand for infrastructure facilities such as buildings, roads, bridges, and transit networks. Phthalate plasticizers, particularly dioctyl phthalate (DOP) and diisonyl phthalate (DINP), play a crucial role in enhancing the flexibility and durability of PVC products used in construction processes. In countries like India and China, where there are numerous construction and infrastructure projects underway, the demand for phthalate plasticizers is significant. For instance, the ongoing projects in India, such as the Navi Mumbai International Airport, the Chenab River Railway Bridge, and the Delhi-Mumbai Industrial Corridor, will increase the consumption of phthalate plasticizers. Therefore, the growing infrastructure development and regulatory requirements for emission controls in building processes will fuel the market growth during the forecast period. Phthalate plasticizers continue to be in high demand due to their use in diverse industries such as electrical insulation materials, foam cushions, and automotive parts. The market is driven by trends like fire resistance in sealants and adhesives, lightweight vehicles, and energy-efficient buildings. However, environmental regulations and health hazards associated with phthalates are pushing the market towards sustainable alternatives like bio-based plasticizers and eco-friendly renewable sources. Key industries include PVC, wires, construction materials, and automotive parts. Phthalates offer flexibility and durability, making them essential for various applications. But, volatile prices and environmental concerns necessitate hedging strategies and the exploration of non-phthalate plasticizers. Markets like skincare, fragrances, hair care, and personal care are also adopting eco-friendly plasticizers for waterproofing and mechanical strength. Phthalate plasticizer types offer thermal stability and performance, but the shift towards renewable materials and eco-conscious consumers is driving innovation in the market. The future of the phthalate plasticizer market lies in sustainable products and reducing carbon footprint. Companies are investing in research and development to create stable, high-performing, and eco-friendly alternatives. The industry is expected to grow, offering opportunities for businesses to thrive in this evolving landscape. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The phthalate plasticizer market faces challenges due to health and environmental concerns. Phthalates are used extensively in plastics production, packaging, and delivery for various consumer goods. However, these plasticizers are toxic and can lead to endocrine disruptions and organ dysfunction, particularly affecting pregnancy, child growth, and development, and reproductive systems. Strict regulations, such as those imposed by the US Consumer Product Safety Commission (CPSC), limit the usage of certain phthalate plasticizers, like DEHP, DBP, and BBP, in toys and other children's products. The CPCS's Chronic Hazard Advisory Panel studies phthalates' negative effects on children. The US Food and Drug Administration (FDA) also approves only eight types of phthalates for food contact applications. Regulations aim to ensure safety, sustainability, and environmental protection but create compliance difficulties for market players. Phthalates' harmful effects on human health and the environment have led to social campaigns against their use. These factors will hinder the growth of the phthalate plasticizer market during the forecast period.The Phthalate Plasticizer market faces several challenges in various industries. Durability is a key concern in construction materials and automotive parts, where stability and performance are essential. Industrialization drives up demand for plasticizers, particularly in consumer goods like wires and cables. However, environmental protection and health hazards associated with phthalates are growing concerns. Eco-conscious consumers prefer sustainable products, leading to a shift towards bioplastics, renewable materials, and eco-friendly plasticizers. Volatile prices and the need for hedging strategies add complexity to the market. In personal care applications, phthalates are used in skincare, fragrances, and hair care, but non-phthalate plasticizers offer safer alternatives. Sustainability is a priority in sectors like flooring, waterproofing, and mechanical strength applications. Phthalate plasticizers offer thermal stability, but non-phthalate plasticizers like renewable-based polyol esters have lower carbon footprints. The plasticizer type used depends on the specific application and regulatory requirements. Overall, the market must balance performance, sustainability, and consumer safety. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This phthalate plasticizer market report extensively covers market segmentation by Product 1.1 Di-2-ethylhexyl phthalate (DEHP)1.2 Diisononyl phthalate (DINP)1.3 Diisodecyl phthalate (DIDP)1.4 OthersApplication 2.1 Building and construction2.2 Automotive2.3 Chemical2.4 Medical devices2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa 1.1 Di-2-ethylhexyl phthalate (DEHP)- The Phthalate Plasticizer Market refers to the business sector involving the production, sale, and use of phthalates, a group of chemicals added to plastics to increase their flexibility. Companies manufacture and supply these plasticizers to various industries, including automotive, construction, and consumer goods. Demand for phthalate plasticizers is driven by the growth of these industries and increasing consumer preferences for flexible plastics. Market size and growth rate depend on factors such as regulations, raw material prices, and competition. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Phthalate Plasticizer market is experiencing a demand in various industries due to their diverse applications. These plasticizers play a crucial role in enhancing the flexibility and durability of PVC and other polymers, making them essential in electrical insulation materials, foam cushions, sealants, adhesives, and automotive parts. The market is also witnessing an increasing trend towards eco-friendly and renewable sources, with bio-based plasticizers gaining popularity. Environmental regulations are driving the demand for sustainable products, leading to the exploration of renewable sources and carbon footprint reduction. However, health hazards associated with phthalates and volatile prices, geopolitical tensions, and hedging strategies pose challenges to the market growth. The market is expected to continue its expansion in lightweight vehicles, fire resistance, and sustainable packaging applications. Market Research Overview The Phthalate Plasticizer market is experiencing a demand in diverse industries due to their use in various applications. These include electrical insulation materials, foam cushions, and fire resistance materials in construction, automotive parts, and industrialization. Phthalate plasticizers offer flexibility and durability, making them ideal for use in sealants, adhesives, and wires. Moreover, the shift towards energy-efficient buildings and lightweight vehicles is driving the demand for phthalate plasticizers. However, environmental regulations and health hazards associated with phthalates are leading to the exploration of eco-friendly alternatives, such as bio-based plasticizers and renewable sources. Phthalate plasticizers provide stability and performance in PVC and other materials. Non-phthalate plasticizers, such as renewable-based polyol esters, offer similar benefits while being eco-friendly and biodegradable. These plasticizers are finding applications in various sectors, including consumer goods, medical, toys, and sustainable packaging. The personal care market, including skincare, fragrances, and hair care, is also exploring the use of eco-friendly plasticizers for waterproofing and mechanical strength. Thermal stability and different plasticizer types, such as phthalate and non-phthalate, are crucial factors in selecting the right plasticizer for various applications. The volatility of phthalate plasticizer prices and the need for sustainability have led to hedging strategies and the exploration of sustainable products and renewable materials. The market is expected to continue growing, driven by the increasing demand for plasticizers and the need for eco-conscious solutions. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation ProductDi-2-ethylhexyl Phthalate (DEHP)Diisononyl Phthalate (DINP)Diisodecyl Phthalate (DIDP)OthersApplicationBuilding And ConstructionAutomotiveChemicalMedical DevicesOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/phthalate-plasticizer-market-to-grow-by-usd-4-10-billion-from-2024-2028--driven-by-low-production-costs-and-ai-advancements--technavio-report-302244124.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs

Polyisocyanates Market to Grow by USD 1.26 Billion from 2024 to 2028, Driven by Construction Industry, AI Transforming the Market Landscape - Technavio

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global polyisocyanates market size is estimated to grow by USD 1.26 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.57% during the forecast period. Growth in construction industry is driving market growth, with a trend towards increasing demand for bio-based polyisocyanates. However, fluctuations in raw material prices of polyisocyanates poses a challenge. Key market players include Anhui Sinograce Chemical Co. Ltd., Asahi Kasei Corp., BASF SE, Bogao Synthetic Material Co. Ltd., BorsodChem, China National Bluestar (Group) Co.Ltd., Covestro AG, DIC Corp., Dow Inc., Doxu Group, Evonik Industries AG, Huntsman Corp., JIAHUA CHEMICALS INC., Merck KGaA, Mitsui Chemicals Inc., N Shashikant and Co., Shandong INOV Polyurethane Co. Ltd., Super Urecoat Industries, Tosoh Corp., and Vencorex. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Type (Aliphatic and Aromatic), Application (Coating, Foam, and Adhesive), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) Region Covered APAC, North America, Europe, Middle East and Africa, and South America Key companies profiled Anhui Sinograce Chemical Co. Ltd., Asahi Kasei Corp., BASF SE, Bogao Synthetic Material Co. Ltd., BorsodChem, China National Bluestar (Group) Co.Ltd., Covestro AG, DIC Corp., Dow Inc., Doxu Group, Evonik Industries AG, Huntsman Corp., JIAHUA CHEMICALS INC., Merck KGaA, Mitsui Chemicals Inc., N Shashikant and Co., Shandong INOV Polyurethane Co. Ltd., Super Urecoat Industries, Tosoh Corp., and Vencorex Key Market Trends Fueling Growth The polyisocyanates market is witnessing a significant trend towards the use of bio-based polyisocyanates. These eco-friendly alternatives are derived from renewable feedstocks such as vegetable oils, soybeans, corn, biomass sources, and algae. This shift is driven by growing environmental concerns, sustainability initiatives, and regulatory pressures to reduce carbon footprint and dependence on fossil fuels. Bio-based polyisocyanates offer several advantages over their petrochemical counterparts. They have a lower environmental impact, as they reduce greenhouse gas emissions and dependence on finite fossil resources. Additionally, they often exhibit comparable or even superior performance characteristics, including enhanced thermal stability, flame retardancy, and biodegradability. The construction, automotive, and packaging industries are particularly adopting bio-based polyisocyanates due to their sustainability benefits. Manufacturers are incorporating these eco-friendly alternatives into their formulations to meet consumer preferences for eco-friendly products and comply with stringent environmental regulations. Technological advancements and research investments are driving innovation in bio-based polyisocyanates production processes, leading to cost reductions and expanding the range of available feedstocks. As a result, bio-based polyisocyanates are expected to play a significant role in shaping the future of sustainable materials in various applications, fueling market growth during the forecast period. The Polyisocyanates market is witnessing significant growth in various industries. In the Building Sector, Polyisocyanates are popular for producing high-performance thermal insulation materials. The Furniture and Footwear industries use Polyurethane products made from these chemicals for manufacturing comfortable and durable items. Shared mobility and Electric Vehicles are adopting Polyisocyanates for creating lightweight and insulated components. Greenhouse gas-neutral isocyanates are gaining traction due to sustainability concerns. The Electronics industry utilizes Polyisocyanates in manufacturing high-performance materials for various applications. Regulatory actions are driving the shift towards safer alternatives like Aliphatic Diisocyanates. Major strategic activities include pipeline construction using Rigid Foams for insulation and Corrosion Protection. The Aromatic Diisocyanate segment dominates the market, with Toluene Diisocyanate and Polymeric MDI being key players. The market is competitive, with key players focusing on manufacturing and supplying Polyisocyanates for Adhesives, Coatings, Automotive seats, Interiors, Paints, and Rigid and Flexible foams. Manufacturing processes and toxic properties are under scrutiny, with a focus on improving safety and reducing environmental impact. Overall, the Polyisocyanates market is dynamic and diverse, offering opportunities for growth and innovation. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market ChallengesThe global polyisocyanates market is significantly influenced by the price volatility of crude oil and natural gas. The production of this specialty chemical relies on raw materials like propylene and benzene, which are derived from petroleum. Fluctuations in the price of these raw materials directly impact the cost of producing polyisocyanates. The price of crude oil has been unstable for over a decade, posing a challenge for manufacturers. For instance, the Russia-Ukraine conflict since 2022 caused crude oil prices to grow, reaching their highest levels since 2008. This increase in crude oil prices directly affected the price of polyisocyanates, negatively impacting the growth of the global market during the forecast period. Manufacturers are forced to implement cost-cutting measures to maintain profitability in the face of rising raw material prices.The Isocyanates market, specifically Diisocyanates like Toluene Diisocyanate (TDI) and Polymeric MDI, plays a crucial role in the production of Polyurethane products. These include adhesives, coatings for automotive seats, interiors, paints, rigid and flexible foam, insulation materials, sealants, and more. Companies like Wanhua Chemicals, Covestro, and Yantai Sanjiang Chemical lead the market. However, the industry faces challenges. Health concerns linked to Phosgene, a byproduct of isocyanate production, require strict adherence to OSHA regulations. Crude oil prices impact production costs, leading to capacity reductions and plant shutdowns. Inflation and economic environment instability add to the challenges. Rising demand for insulation materials in construction and zero-energy buildings, as well as weight reduction in PU coatings and foam, presents opportunities. Bio-based isocyanates and household applications are also growing sectors. The coatings market, particularly for Polyurethane foam, is a significant consumer of isocyanates. Overall, the Isocyanates market must navigate these challenges to meet demand for Polyurethane products in various industries. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This polyisocyanates market report extensively covers market segmentation by Type 1.1 Aliphatic1.2 AromaticApplication 2.1 Coating2.2 Foam2.3 AdhesiveGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America 1.1 Aliphatic- Aliphatic polyisocyanates are essential building blocks in the production of color-stable polyurethane (PU) coatings, sealants, adhesives, and elastomers. These compounds are widely used in various industries, including automotive, construction, and industrial applications, due to their exceptional durability, chemical resistance, and weatherability. In coating applications, aliphatic polyisocyanates offer superior performance during changing weather conditions compared to aromatic building blocks. Additionally, they exhibit desirable properties such as optical clarity, high glass transition temperature, and resistance to various chemicals. The increasing demand for high-quality paints and coatings is driving the growth of the market for aliphatic polyisocyanates. Their high durability and ultraviolet (UV) stability further make them ideal for producing paints and coatings that can withstand harsh environments. Overall, the expanding demand for coatings in various industries is expected to fuel the growth of the aliphatic polyisocyanate market during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Polyisocyanates are a type of isocyanates, organic compounds with isocyanate functional groups. Diisocyanates, specifically toluene diisocyanate (TDI) and polymeric MDI, are the most common types of polyisocyanates. These compounds are essential in the production of polyurethane products, including adhesives, coatings, automotive seats, interiors, paints, rigid foam, and flexible foam. Polyurethane manufacturing is used in various industries, including construction, automotive, and furniture. The benefits of using polyurethane products include weight reduction, improved insulation, and enhanced durability. However, the production of polyisocyanates involves potential health hazards, such as exposure to phosgene and other harmful chemicals. The market for polyisocyanates is influenced by several factors, including crude oil prices, capacity reductions, plant shutdowns, inflation, and the economic environment. OSHA regulations and health concerns have led to increased scrutiny and safety measures in the industry. Despite these challenges, the demand for polyisocyanates and polyurethane products remains strong due to their versatility and performance benefits. Market Research Overview The Isocyanates market encompasses a range of chemical compounds, with Diisocyanates, including Toluene Diisocyanate (TDI) and Polymeric MDI, being the primary types. Isocyanates are essential components in the production of Polyurethane products, which find extensive applications in various sectors. These include Adhesives, Coatings, Automotive seats and interiors, Paints, Rigid foam, Flexible foam, Construction, and Polyurethane manufacturing. The market for Isocyanates is driven by the rising demand for insulation materials, sealants, and weight reduction in various industries. PU coatings are used in Cushions, Bedding, Furniture, and Household applications. Rigid PU foam is utilized in Insulation, Zero-energy buildings, and Thermal insulation materials. Flexible Foams are used in the Furniture industry, Footwear industry, Shared mobility, and Electric vehicles. The market is influenced by several factors, including Production capacity, Rising demand, Inflation, Economic environment, Capacity reductions, Plant shutdowns, Phosgene emissions, Crude oil prices, and Regulatory action. Wanhua Chemicals, Covestro, and Yantai Sanjiang Chemical are significant players in the market. The industry is focusing on Sustainability, High Performance Materials, and Bio-based isocyanates. Strategic activities include Pipeline Construction, Corrosion Protection, and Greenhouse gas-neutral isocyanate production. Competitive Insights include Toxic Properties, Manufacturing processes, and Regulatory compliance. Other applications include Pipeline Construction, Corrosion Protection, and Strategic Activities. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation TypeAliphaticAromaticApplicationCoatingFoamAdhesiveGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/polyisocyanates-market-to-grow-by-usd-1-26-billion-from-2024-to-2028--driven-by-construction-industry-ai-transforming-the-market-landscape---technavio-302244204.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs