Liquid Crystal Polymer Films and Laminates Market is expected to reach USD 166.9 million by 2024

The global liquid crystal polymer (LCP) films & laminates market expected to reach USD 166.9 million by 2024, according to a new report by Grand View Research, Inc. Growing demand for lightweight & miniaturized components on account of expanding transportation, electronics and automotive industries in emerging markets is expected to remain a crucial determinant for the global industry growth.

Rising consumer awareness regarding energy & resource savings, owing to the global energy crisis and rising pollution levels, has also fostered several innovations in the LCP field. This, in turn, has led to the introduction of ‘smart windows’ in residential & commercial buildings to control light, privacy, sound and insulation. However, these materials have been able to serve only niche applications, owing to highly specialized and expensive production processes & raw materials.

Laminates accounted for nearly 35% of the overall volume share in 2015 and are expected to gain further share as a result of its increasing demand in high-frequency electronics and printed circuit boards with a gauge of less than a millimeter.

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Further key findings from the study suggest:

• Global LCP films & laminates market demand was5.38 kilotons in 2015 and is expected to reach 9.34 kilotons by 2024, growing at a CAGR of 6.1% from 2016 to 2024
• Electrical & electronics has traditionally been the largest application for films & laminates alike. The segment accounted for nearly 65% of the global volume share in 2015. Films are mainly utilized in electronic applications requiring ion concentrations of less than 5 ppm. Their dielectric nature and favorable conductive properties have led to LCP substituting other polymer compounds.
• Asia Pacific was the largest consumer and accounted for nearly half of the global volume in 2015. The region is characterized by high electronics production in Korea and Southeast Asian markets.
• Automotive & medical devices collectively accounted for over 20% of the China’s film demand in 2015. A combination of various factors such as easy availability of LCP increased R&D in medical devices manufacturing, and production of premium cars are expected to drive these applications’ growth.
• South Korea and Taiwan accounted collectively accounted for one-third of the Asia Pacific market volume in 2015. These two countries are considered as electronic manufacturing hubs in the region and together consumed over 590 tons of films & laminates in electronics application.
• Major industry participants include Kuraray, PolyOne Corporation, Solvay Inc., Celanese Corporation, Toray International, Sumitomo Chemicals, Rogers Corporation among others such as Shanghai PRET Composites, Samsung Fine Chemicals, RTP Company and PolyPlastics Co. Ltd.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Stearic Acid Market is expected to reach USD 11.01 billion by 2022

Global stearic acid market is expected to reach USD 11.01 billion by 2022, according to a new study by Grand View Research, Inc. Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global stearic acid market. Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period. Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents. Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

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Further key findings from the study suggest:

• Global stearic acid demand was 5,744.3 kilo tons in 2014 and is expected to reach 8,129.9 kilo tons by 2022, growing at a CAGR of 4.5% from 2015 to 2022.
• Personal care is projected to witness the fastest growth of 5.1% over the forecast period. Growth of personal care industry in Asia Pacific and Latin America is expected to drive this segment over the forecast period. Surging organic personal care and cosmetic products demand is also estimated to fuel stearic acid demand.
• Growing application scope across various niche segments including metal processing, candle manufacturing, and pharmaceuticals is also expected to drive global stearic acid industry growth in near future.
• Asia Pacific was the largest regional market and accounted for 42.7% of total volume in 2014. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.
• Major companies operating in global stearic acid market include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals, Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd, Kao Chemicals, and Kuala Lumpur Kepong (KLK).

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Zeolite Molecular Sieve Market is expected to reach USD 4.27 billion by 2022

Global Zeolite Molecular Sieve market is expected to reach USD 4.27 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for energy coupled with stress on green technologies has resulted in growing demand for zeolite molecular sieves as catalysts for petroleum refining. Higher efficiency and yield, and non-toxicity property of zeolites has resulted in the extensive use of the mineral for catalytic operations. In addition, growing demand for adsorbents owing to rising awareness regarding presence of hazardous organic materials in wastewater is expected to augment zeolite molecular sieve market demand over the forecast period.

Detergents accounted for over 70% of the global zeolite molecular sieve market volume share in 2014. Zeolite molecular sieves are used in detergents owing to its ability to produce demineralized water through calcium ion exchange which helps in the removal of any kind of dirt. This has resulted in a tremendous demand for zeolite molecular sieves from detergent segment. Zeolite molecular sieves being increasingly used in the petroleum industry as catalysts which is anticipated to drive market growth.

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Further key findings from the study suggest:

• Global zeolite molecular sieve demand in catalysts was 345.7 kilo tons in 2014 and is expected to grow at a CAGR 2.3% from 2015 to 2022. Increasing industrial use of zeolite molecular sieve as catalysts in the petroleum industry has resulted in driving market growth over the past few years and the trend is anticipated to continue over the forecast period. Zeolite molecular sieves are used for cracking of petroleum as it causes certain structural changes during the chemical reaction which helps in manufacturing petrochemicals.
• Asia Pacific is expected to be a lucrative market, which accounted for 32.0% of global zeolite molecular sieve market volume in 2014. Growing demand for refrigerants and detergents, and an increasing utilization of zeolites in advanced processing methods in nuclear industry for the removal of nuclear waste is expected to have a positive impact in the region over the forecast period.
• In 2013, global natural zeolite mining output exceeded 2,700 kilo tons, where China was the largest producer accounting for over 70% of the output. China was the largest consumer for natural zeolites in 2014, owing to the presence of a well-established manufacturing base for detergents, petroleum refining, gas separation and water purification.
• Kay players present in the global zeolite molecular sieve market include Tosoh Corporation, Arkema, BASF, UOP, Grace Catalysts Technologies, Zeox Corporation, Chemiewerk Bad Köstritz and Union Showa K K. the global market is characterized by integration across raw materials and manufacturing stages of the value chain.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Dimer Acid Market is expected to reach USD 2.30 billion by 2024

The global dimer acid market is expected to reach USD 2.30 billion by 2024, according to a new report by Grand View Research, Inc. Growing consumption of polyamide resins in marine coatings is a major growth driving factor over the forecast period. Increasing oilfield chemicals demand which uses dimer acid as feedstock owing to rising drilling activities to meet excess energy demand is also expected to drive the demand growth. 

Asia Pacific and Latin America are expected to witness brisk growth owing to increasing construction activities in the regions. Emerging economies such as China and India along with Southeast Asia have been witnessing significant construction spending due to urbanization and industrial growth. 

The industry faces challenges in terms of raw material availability. The fatty acid production which is largely done through vegetable oils has been facing high demand from food & biofuels industries, therefore tightening its supply for production of dimer acid. 

Another challenge market participants face is the low biodegradation rate of products made of these acids. Considering increasing importance for recyclability of materials, development of novel technologies to tackle the issue is crucial for development prospects. 

Reactive polyamide resins segment was the dominant application accounted for over 40% of the overall volume in 2015. High demand for epoxy, marine and flooring coatings to drive the segment growth at a CAGR of 4.3% from 2016 to 2024.

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Further key findings from the study suggest:

• Global dimer acid market demand was 467.4 kilo tons in 2015 and is expected to reach 671.7 kilo tons by 2024, growing at a CAGR of 4.0% from 2015 to 2024
• The nonreactive polyamide resin is expected to exhibit considerable growth accounting for over 40% of total market volume by 2024. The increasing use of nonreactive polyamide resins, which are based on dimers, for printing inks and paper coatings, is anticipated to boost application segment growth over the forecast period.
• Asia Pacific was the dominant regional market with demand share exceeding 38% in 2015. Economic growth coupled with increasing migration has resulted in increasing sustainable infrastructure needs thereby facilitating demand for dimer acid based reactive polyamide resins. Increasing compliance of producers with stringent EU regulations to positively impact demand in the Eurpoen market
• Some of the key players operating in global dimer acid market include BASF, Arizona Chemicals, Emery Oleochemicals, Aturex Group, Croda International, Anqing Hongyu Chemicals Co. Ltd., Florachem Corp., Nissan Chemical America Corp., Novepha Co. Ltd., Harima Chemicals and Oleon N.V.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Salicylic Acid Market is expected to reach USD 547.5 million by 2024

The global salicylic acid market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations.

The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period.

However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) to enforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years.

The global salicylic market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated into their operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol.

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Further key findings from the study suggest:

• The cosmetics application segment of salicylic acid is expected to grow at a CAGR of over 7.0% from 2016 to 2024. Increasing demand for cosmetic products across Europe, North America and Asia Pacific coupled with increasing self-prescription of these products for the treatment of mild skin disorders is expected to augment growth over the forecast period.
• Salicylic acid demand in food & preservative application was valued at over USD 90.0 million in 2015. The product is extensively used in manufacturing other salicylates including methyl and ethyl salicylates. Rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected to augment food preservatives market, which in turn is likely to augment growth over the forecast period.
• Asia Pacific is expected to witness the highest growth as compared to other regions, growing at over 9.0% from 2016 to 2024 Positive food and pharmaceutical industry outlook in China, India, Japan and South Korea is expected to augment demand over the projected period.
• In North America, the U.S. accounted for the consumption of more than 16,000 tons of salicylic acid in 2015 owing to shelf-life extension solutions in food and beverages applications. Furthermore, increasing use of preservatives by major food and beverage manufacturers including Cargill Foods, Tyson and Heinz located in the U.S. is expected to augment the demand over the forecast period.
• Key players in the industry include Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Fatty Alcohols Market is expected to reach USD 7.51 billion by 2022

Global Fatty Alcohols market is expected to reach USD 7.51 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with consumer shift towards organic personal care products is expected to drive global fatty alcohols market over the forecast period. Consistent supply of key raw material coupled with the price volatility is expected to a key challenge for market participants. Technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market participants over the next seven years.

Soaps & detergents was the most dominant application segment and accounted for 54.6% of total market volume in 2014. Growing natural surfactants and emulsifiers demand in soaps & detergents industry is expected to fuel fatty alcohols demand in this segment over the forecast period. Personal care is expected to witness the highest growth of 4.6% from 2015 to 2022. Growing consumer preference towards organic personal care products is expected to increase penetration of fatty alcohols in this segment.

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Further key findings from the study suggest:

• Global fatty alcohols market demand was 2,345.8 kilo tons in 2014 and is expected to reach 3,263.2 kilo tons by 2022, growing at a CAGR of 4.3% from 2015 to 2022.
• C11-C14 fatty alcohols were the largest product segment with a market share of over 55% in 2014. C11-C14 fatty alcohols are primarily used in the production of sodium laureth ether sulphate (SLES), a key foaming agent majorly used in body washes and shampoo formulations. Growth of personal care industry is expected to drive this product segment over the next seven years.
• C15-C22 fatty alcohols are expected to witness the highest growth rate of 4.5% globally. Increasing penetration of C15-C22 fatty alcohols in lubricant bases & blending and personal care products such as moisturizers is expected to drive this segment over the forecast period.
• Asia Pacific was the largest consumer as well as producer of fatty alcohols. The region accounted for 35% of global demand in 2014. Increasing downstream demand coupled with rising consumers disposable income is expected to foster the market growth in this region over the next few years. Asia Pacific is also expected to witness the highest growth of 4.9% from 2015 to 2022. Availability of key raw materials in abundance particularly in South East Asia is also expected to have a positive influence on the market growth.  
• Global fatty alcohols market is highly fragmented owing to presence of several small and medium scale companies operating particularly in Asia Pacific and Central & South America. Major companies operating in the global fatty alcohols market include Ecogreen Oleochemicals, Emery Oleochemcials, BASF, Kuala Lumpur Kepong (KLK), Oleon, Sasol, PT Muslim Mas and Kao Chemicals.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Emission Control Catalyst Market is expected to reach USD 11.09 billion by 2024

The global Emission control catalyst market is expected to reach USD 11.09 billion by 2024, according to a new report by Grand View Research, Inc. Improving application of three-way oxidation-reduction converters in automotive applications is expected to drive market growth. Stringent environment regulations aimed at reducing carbon emissions in the major markets including U.S., Germany, India and Japan is projected to have a favorable impact on the market over the forecast period.

Increasing energy requirement from household and industrial sectors emerging economies including China and India coupled with favorable policies for the implementation of solutions to reduce emission is expected to fuel the demand for catalysts.

The automotive sector is expected to foresee growth at a CAGR of 4.3% from 2016 to 2024, in terms of volume. The emergence of Mexico as an automotive production destination on account of rising domestic demand for passenger and commercial vehicles along with proximity to the U.S. is expected to increase the application of emission reduction catalyst over the next eight years.

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Further key findings from the study suggest:

• Global emission control catalyst demand was 1,978.0 kilo tons in 2015 and is anticipated to reach 2,900.4 kilo tons by 2024, expanding at a CAGR exceeding 4.0% from 2016 to 2024
• Rhodium-based emission reduction catalyst is expected to foresee growth at a CAGR of 4.3% from 2016 to 2024. Natural adaptive features with other metals including platinum and palladium coupled with high market visibility in the catalyst industry is expected to promote the usage of the product.
• Industrial applications contributed to 15.1% of the global volume share in 2015. Rapid industrialization, particularly in emerging economies of Asia Pacific and Latin America, coupled with rising awareness regarding ecology preservation is expected to bolster the demand for emission control catalyst over the forecast period.
• Latin America is projected to foresee volume growth at a CAGR of 4.2% from 2016 to 2024. The presence of numerous oil & gas production facilities in Brazil and Venezuela in light of the high prevalence of offshore petroleum basins is expected to promote the number of installations of power plants. This factor is expected to drive the Latin America emission control catalyst market over the next eight years.
• Major emission control catalyst manufacturers include Johnson Matthey, BASF, Solvay, Umicore, Clariant and Corning Incorporated. Increasing expenditure on R&D and establishment of strategic partnerships with buyers including catalytic converter vendors is expected to remain a critical success factor over the next eight years.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Antimony Market is estimated to compel the growth of marketplace during the forecast period

Antimony is a chemical element that generally exists in both metallic and non metallic forms. The metallic form of it is bright silver and is generally made up of brittle material. The non metallic form of antimony is grey powder. Antimony is considered as a stable element in dry air and is static to acids and alkalis. It has been noted that antimony swells on cooling and is believed to be a bad conductor of electricity and heat. Antimony is said to be among the anciently recognized element to mankind and it has been put to use for a wide range of applications since 4000 BC. 

Antimony is available freely in nature. Not only that, it can also be extracted from ores like valentinite and stibnite. Elemental antimony is believed to be present in relatively small portion; the reason being high reactivity of antimony with chemicals like sulfur, lead, silver and copper. Stibnite is the frequently utilized ore for extracting antimony. Initially the ores of antimony are crushed and after that antimony is separated manually through hands from the crushed ore. Because of the availability of large reserves, cheap and abundant labor in China, the region has successfully led the whole antimony production.

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It is said that antimony can be recycled from lead acid batteries. The recycled antimony is among other prominent sources for antimony. Not only that, it is gaining wide recognition as an easy source of antimony. Metallic antimony is brittle in nature so it has to be mixed with other metals or alloys for high strength applications. Antimony trioxide is the frequently utilized compound of antimony for a number of commercial applications including production of plastics, rubber, textile, pigments, glass, etc.

Antimony is extensively used with lead specifically to raise the strength level of lead in applications like ammunitions. Antimony is also widely utilized in lead acid batteries that come under the dominant applications for antimony. Other applications of antimony may comprise of production of low friction, flame proofing materials and glass. Market size by end use spans Automobiles, Paints, Building Construction, and Defense.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Bio Plasticizers Market is projected to be the fastest growing industry during the forecast period

Plasticizers are additives which are incorporated in a material to increase the plasticity or viscosity of material. There are a number of types of plasticizers that are used commercially. The most common used plasticizers include phthalates, adipates, etc. Although, due to strict government guidelines coupled with growing health concerns has elicited the demand for bio plasticizers.

Bio Plasticizers are additives that hold lesser chemical effects, safe as well as have better bio-degradability. Bio-Plasticizers are widely used for the manufacturing of cables, as additives in plastic industries, surface coatings for polymers, etc. The factors that propel the growth of the global Bio-Plasticizers market include development in end user industries in emerging countries such as India, China, etc. are projected to fuel the growth of global Bio Plasticizers market during the forecasted period.

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In addition, supply of unsafe phthalate like BBP, DBP, DEP, DOP has led to growing consumer awareness which is ultimately fuelling the growth of bio plasticizers. Also, bio-plasticizers provide several benefits such as electrical as well as temperature functioning as compared to that of old plasticizers when utilized for cable manufacturing.

Moreover, prohibition on phthalate-based plasticizers in segments such as food packaging material, medical products, etc. have directed to the growth of environmental friendly bio-based plasticizers. On the other hand, there are also factors that hamper the growth of the market such as high price of bio plasticizers as compared to that of phthalate-based plasticizers. The global Bio Plasticizers market is classified on the basis of product type, application, and geography.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Boric Acid Market is expected to contribute for the significant revenue share over the forecast period

“Boric acid” is also called as “hydrogen borate”, or “boracic acid”. It is a weak, monobasic used as an antiseptic, insecticide, flame retardant. It exists in colorless crystals or a white powder that dissolves in water. Macroeconomic factors such as the rising in per capita income, employment rate, and the rapid rate of industrialization are driving the global boric acid market. Besides, increase in energy needs, increase in the awareness of energy conservation methods, and the rapid rate of urbanization are fueling the demand of the boric acid market. There are some factors trending the global boric acid market including high demand for electronic devices, glazed ceramics, and LCD televisions.

Boracic acid is odorless.It has a crystalline structure usually available as a water-soluble powder form. The global boric acid market is expected to have significant growth rate, attributed to growing energy saving appliances market. Boric Acid Market is segmented By Application into Industrial/Commercial, Household.

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Boric acid is used in energy-saving applications and as insulation of commercial and residential buildings. Another benefit of Boric acid is that it is used in the generation of energy from oil extracts and the wind. In the U.S., it is observed that the reduction in unoccupied rates and stable income levels have increased the construction activities of residential and commercial activities. The “Industrial and commercial” segment has a significant growth rate and it is expected to have a substantial growth rate during the forecast period.

Boric Acid Market is segmented By End-User into Tiles, Ceramic, and Fiberglass Manufacturers, Flame Retardants, Agriculture, Wood Preservation, Pharmaceuticals, Cosmetics. Among all the End–users, the manufacturers of ceramic and tiles and fiberglass segment are expected to contribute for the significant revenue share over the forecast period of 2014-2025, in the globally boric acid market.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Bio Plasticizers Market trend is projected to grow in the near future

Plasticizers are additives which are incorporated in a material to increase the plasticity or viscosity of material. There are a number of types of plasticizers that are used commercially. The most common used plasticizers include phthalates, adipates, etc. Although, due to strict government guidelines coupled with growing health concerns has elicited the demand for bio plasticizers.

Bio Plasticizers are additives that hold lesser chemical effects, safe as well as have better bio-degradability. Bio-Plasticizers are widely used for the manufacturing of cables, as additives in plastic industries, surface coatings for polymers, etc. The factors that propel the growth of the global Bio-Plasticizers market include development in end user industries in emerging countries such as India, China, etc. are projected to fuel the growth of global Bio Plasticizers market during the forecasted period.

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In addition, supply of unsafe phthalate like BBP, DBP, DEP, DOP has led to growing consumer awareness which is ultimately fuelling the growth of bio plasticizers. Also, bio-plasticizers provide several benefits such as electrical as well as temperature functioning as compared to that of old plasticizers when utilized for cable manufacturing.

Moreover, prohibition on phthalate-based plasticizers in segments such as food packaging material, medical products, etc. have directed to the growth of environmental friendly bio-based plasticizers. On the other hand, there are also factors that hamper the growth of the market such as high price of bio plasticizers as compared to that of phthalate-based plasticizers. The global Bio Plasticizers market is classified on the basis of product type, application, and geography.

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U.S. is expected to be one of the major producers and customers of Benzyl Alcohol Market in the upcoming years

Benzyl alcohol is a perfumed alcohol. It has chemical formula as C₆H₅CH₂OH. The benzyl group is regularly curtailed as "Bn”. it is different than that of "Bz" that is used for benzoyl. Hence benzyl alcohol is represented as BnOH. Benzyl alcohol is a neutral liquid with a minor pleasing perfumed aroma. It is a beneficial solvent owing to its divergence, low poisonousness, and low vapor pressure. Benzyl alcohol has reasonable solubility in water (4 g/100 mL) and is miscible in alcohols and diethyl ether. The anion created by deprotonation of the alcohol group is known as benzylate or benzyl oxide.

Benzyl alcohol is formed naturally by numerous flowers and normally originates in fruits and tea. It is also initiated in a range of important oils which includes jasmine, hyacinth, and ylang-ylang.

Benzyl alcohol is utilized as an all-purpose solvent for inks, waxes, shellacs, dyes, polishes, and epoxy resin coatings. Therefore, it can be utilized in paint strippers, particularly when shared with well-suited thickness enhancers to inspire the combination to adhere to painted surfaces.

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The worldwide market for benzyl alcohol has been growing at a stable step over the years due to the constant demand rising from many end-use productions. The increasing uses of benzyl alcohol in the paints and coatings, foodstuff and drinks, medical, and personal care industries are expected to continue pouring the call for the same over the prediction period.

The Pharmaceutical industry is predicted to be the firmest developing section of the end-user in that prediction period. The substantial rise in the usage of benzyl alcohol in the pharmaceutical industries is likely to push this section in the upcoming years.

Better sales of Pharmaceutical Drugs, Personal Care Products are motivating the demand for Benzyl Alcohol. In pharmaceuticals, benzyl alcohol is used as an excipient, in pediculicides, as an anti-parasite, and as a preserving solution for venous medicines and local anesthetics. A steady progress in the building constructions and automotive manufacture has resulted in the improved call for benzyl alcohol.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com