Synthetic lubricants market expected to reach USD 23.45 billion by 2024 : Grand view Research, Inc.

The global syntheticlubricants market is expected to reach USD 23.45 billion by 2024, according to a new report by Grand View Research, Inc. The rapidly expanding automotive industry, coupled with rising popularity of synthetic lubricants for automobile applications is projected to propel the market especially in countries such as South Korea, Brazil, and China. 

Synthetic lubricants provide numerous benefits when used for automotive applications such as excellent thermal stability and low friction. Rising awareness regarding the advantages of the product, as opposed to its mineral counterparts, will augment industry growth over the forecast period. A major application of synthetic lubricants is their use as heat transfer fluids in heavy machinery and heat exchangers. Rising industrial sector in Asia Pacific countries will propel product demand over the forecast period. 

Increasing R&D investment by companies for the introduction and development of improved grades is expected to fuel demand over the next eight years. However, low cost of mineral oils may reduce synthetic oil demand thus hampering industry development over the forecast period. Technological innovations related to anti-slip and flow properties of these products is expected to have a positive impact on the market over the forecast period.  

Browse full report by Grand View Research : http://www.grandviewresearch.com/industry-analysis/synthetic-lubricants-market

Further key findings from the report suggest:

·         The global synthetic lubricants market demand was around 3,821.8 kilo tons in 2015 and is projected to reach 4,900.1 kilo tons by 2024 growing at a CAGR of 2.8% from 2016 to 2024.

·         PAO (Group IV) based synthetic lubricants was estimated at over 2,000.0 kilo tons. The compatibility of other mineral oils with synthetic oils is anticipated to be a major driver propelling the market. Although ester and PAG-based oils offer significantly better properties in comparison to PAO based oils, they are relatively more expensive which has thus resulted in lower market demand.

·         Engine oil was the largest application segment valued over USD 6,000.0 million in 2015. Rising need for high fuel economy coupled with growing demand for high-quality gear and motor oils is expected to have a positive impact on the market over the forecast period.

·         Asia Pacific is expected grow at a CAGR of over 3.0% from 2016 to 2024 on account of the growing industrial and automobile markets in the region. Furthermore, the European region witnessed the highest growth over the past few years on account of its large automotive manufacturing base in Germany.

·         The synthetic lubricants market is fragmented with few manufacturers investing heavily in R&D to gain a greater share of the market. Rising expenditure on the development and introduction of fire-resistant type hydraulic fluids and food grade oils is expected to be one of the critical success factors over the forecast period. Prominent market players include British Petroleum, Valvoline, Chevron, Shell, Exxon Mobil and Total.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the global synthetic lubricants market on the basis of product, application and region:

Synthetic Lubricants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         PAO

·         Esters

·         PAG

Synthetic Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         Engine Oil

·         Heat Transfer Fluids (HTF)

·         Transmission Fluids

·         Metalworking Fluids

·         Others

Synthetic Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

·         Latin America

o    Brazil

·         MEA

View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-synthetic-lubricants-market

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.

For more information: www.grandviewresearch.com

Ballistic composites market expected to reach USD 2.18 billion by 2025 : Grand View Research, Inc.

The global ballistic composites market is expected to reach USD 2.18 billion by 2025, according to a new report by Grand View Research, Inc. Unstable geopolitical relations, increasing cross-border tensions have forced nations to strengthen their defense units. Providing lightweight, efficient and advanced combat equipment has been on top priorities of most of the developed as well as developing countries. This has triggered the use of ballistic composites over the past few years.

Several factors, like the propensity of the composite armor of supporting the weight of an externally attached component, anchoring composite armor with a platform, safeguarding of ballistic weaknesses at panel joints and corners are taken into consideration while product designing and production are executed.

Ballistic vests are envisioned to deflect bullets from several types of guns, while armored vehicles must withstand projectiles, shells fired from tanks and roadside bombs. The layout of ballistic materials thus presents challenges familiar to any composites manufacturer.

North America is slated to account for larger market share. Active involvement of the U.S. military to counter terror threats is expected to fuel the product demand. Rising pressure on the U.S. government to maintain its military dominance is also expected to drive the regional market.

The key value chain components for the ballistic protective equipment market include raw material suppliers, ballistic equipment manufacturers, and end-users. The raw material suppliers form the first component in the value chain and provide various metals, materials, and fabrics required for producing ballistic protection suits.  

Major companies in the global ballistic composites market include DuPont, Teijin, DSM and Honeywell International. The market can be characterized by increasing R&D spending and continuous efforts for new product development.

Browse full report by Grand View Research : http://www.grandviewresearch.com/industry-analysis/ballistic-composites-market

Further key Findings from the Study Suggest:

·         Asia Pacific is expected to emerge as the fastest growing market in terms of product technology upgradation. Rising awareness in this region pertaining the life of deployed soldiers and vehicles is likely to trigger government budgets allocated for defense.

·         North America is likely to emerge the largest market for ballistic composites on account of favorable government budgets, policies and regulations pertaining defense initiatives.

·         Polymer matrix composite is expected to experience a significant growth on account of their low cost and simple fabrication methods. Its significance lies in its ability to grow fatter and short upon being heated.

·         During the forecast period, ballistic composites market is expected to be majorly driven by armor applications in body vests and defense vehicles.

Browse more reports of this category by Grand View Research:  https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Grand View Research has segmented the ballistic composites market on the basis of product, application and region:

Global Ballistic Composites Product Outlook (USD Million, 2014 - 2025)

·         PMC

·         CMC

·         MMC

Global Ballistic Composites Application Outlook (USD Million, 2014 - 2025)

·         Armor

·         Helmets & Face Protection

·         Others

Global Ballistic Composites Regional Outlook (USD Million, 2014 - 2025)

·         North America

o    U.S

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    Japan

o    India

·         Middle East and Africa

·         Central & South America

View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-ballistic-composites-market
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.

For more information: www.grandviewresearch.com

Shared services centers market growing at a CAGR of close to 30% from 2015 to 2022 : Grand view research, Inc.

Over 75,000 sharedservices centers market are expected to be established globally by 2022, growing at a CAGR of close to 30% from 2015 to 2022, according to a new report by Grand View Research, Inc.

A shared services center (SSC) is a devoted unit that focuses on defined business functions and is structured as a centralized delivery location and point of service. The unit is responsible for specific functions, such as security, purchasing, compliance, legal, IT, payroll, HR, and accounting.

The growth prospects for this market are bullish due to increased needs for reducing costs and improving the quality of delivered services. Resourceful implementation of SSC in operational stages yields greater operational efficiency and cost reduction, while enhancing productivity. Deployment of SSC framework helps companies to focus on enhancing operations.

Availability of skilled low cost labor, tax relaxation and favorable government initiatives in select geographies such as India, China, Latin America, and some parts of Eastern Europe are envisioned to drive industry growth.

However, the complexity associated with the implementation of such a framework is presumed to challenge industry growth, as it involves the assigned tasks to be performed and shared dynamically across the various business units involved. To achieve cost reduction, organizations operate in a low cost location. However, doing so without the standardization of procedures is expected to increase the organization’s inefficiency and is expected to hinder SSC establishments.

Browse full report by Grand View Research :

http://www.grandviewresearch.com/industry-analysis/shared-services-center-market

Further key findings from the report suggest:

·         Poised to witness considerable growth over the next seven years, pharmaceutical & clinical end-use accounted for 11% of the overall market share in 2014. Rapid increase in the need to reinvent traditional pharmaceutical R&D model to continue developing new products cost-effectively and efficiently, and adjust to the industry’s new realities is expected bolster demand over the forecast period.

·         Projected to grow at an estimated CAGR of 35% from 2015 to 2022, legal end-use is expected to drive the SSC industry over the forecast period. Over the last few years, emergence of new technologies coupled with the need to reduce costs in the wake of global downturn has significantly forced corporate legal departments and law firms to change their traditional business approach and to adopt shared services and outsourcing associated with the legal profession.

·         BFSI end-use accounted for over 20% of the overall revenue in 2014, and is presumed to witness significant growth in the market share over the forecast period, owing to the emerging trend among companies to enhance global presence and customer satisfaction. Availability of huge and highly educated workforce, lower wages, and improved English capabilities in countries across Asia Pacific and Eastern Europe are envisioned to boost industry growth.

·         Projected to grow at an estimated CAGR of over 25% from 2015 to 2022, manufacturing end-use is expected to witness healthy growth in the foreseeable future. Organizations consider Asia Pacific as the most attractive market for off-shoring destination owing to the lower wages, higher employment rates, availability of pool of talents, and skilled and educated employees in the region, which are expected to drive industry growth.

·         The Asia Pacific regional market is poised for high growth throughout the forecast period. It accounted for close to 30% of the overall market share in 2014. Close-knit cultural homogeneity coupled with low-cost arbitrage has made the Asia Pacific region a preferred destination for SSC establishment.

·         The presence of a large number of universities, eventually enabling access to skilled labor force, multi-lingual skills in professionals coupled with cultural similarity to Western Europe is presumed to have driven growth in the European region.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

Grand View Research has segmented the global shared services center market on the basis of end-use and region:

SSC End-Use Outlook (Units, 2012 - 2022)

·         Pharmaceutical and clinical

·         Legal

·         BFSI

·         Manufacturing

·         Other end-use

SSC Regional Outlook (Units, 2012 - 2022)

·         North America

·         Europe

·         CEE

·         Asia Pacific

·         Latin America

·         MEA 

View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-shared-services-centers-market
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.

For more information: www.grandviewresearch.com

Carboxymethylcellulose market is expected to reach USD 1.86 billion by 2025 : Grand View Research, Inc.

The global carboxymethylcellulose market is expected to reach USD 1.86 billion by 2025, according to a new report by Grand View Research, Inc. The increasing consumption of cosmetics, skin care, hair care, and other personal care products globally is estimated to drive the market demand over the years ahead. In addition, the growing rate of adoption among consumers regarding the use of natural and eco-friendly personal care products is likely to enhance the consumption of carboxymethyl cellulose (CMC) or cellulose gum, mainly as a binding and stabilizing agent, in the next couple of years.

In terms of revenue, the cosmetic & application segment accounted for an industry share of 14.7% in 2016. Changing lifestyles and improving disposable income of consumers across various countries in the Asia Pacific region including India, China, and Malaysia are expected to enhance the growth of cosmetics and pharmaceutical industries in the next couple of years. Major cosmetics manufacturers are significantly investing in R&D and focusing on the implementation of new product branding and other marketing strategies to accelerate personal care sales across the globe.

CMC is incorporated as a key ingredient in various personal care products including creams, lotions, shampoos, face creams, and cold creams. Good binding, thickening, and stabilizing properties are the key attributes of this product owing to which it is increasingly being used in the processing of cosmetic formulations. Additionally, it owing to its property to impart moisture, the product is favorably consumed in the manufacturing of personal care products such as hair care and skin care goods. The usage of cellulose gum is not only limited to topical lotions, creams, and shampoos but it is also incorporated in the manufacturing of toothpaste, as it provides smooth texture, possesses excellent salt tolerance, and acid resistance.

Browse full report by Grand View Research :

http://www.grandviewresearch.com/industry-analysis/carboxymethyl-cellulose-cmc-market

Further key findings from the report suggest:

·         Food & beverage application is estimated to be one of the fastest growing segments and is likely to expand at a CAGR of 5.3% over the forecast period. Significant utilization as a stabilizer and texture enhancer in bakery products is considered to be the major driving factor for cellulose market.

·         Advancements in the processing and manufacturing technologies of CMC are likely to provide significant scope for demand by 2025. The introduction of cellulosic nanofibers for the manufacturing of CMC is projected to positively impact the industry growth.

·         Asia Pacific held the largest demand in the cellulose gum market as of 2016. Rapid expansion of food & beverage and pharmaceutical sectors in the region coupled with the presence of a broad consumer base is estimated to drive the industry growth by 2025.

·         Akzo Nobel N.V., CP Kelco, Ashland, Inc., Daicel FineChem Ltd., and The Dow Chemical Company are the key players that collectively accounted for more than 30% market share of the global industry in 2016

·         Companies are implementing various strategies to mainly strengthening their distribution and significantly investing in research & development in order to enhance their business growth. Furthermore, Daicel FineChem Ltd. and The Dow Chemical Company are among the manufacturers that have fully integrated business operations across the value chain.

Browse more reports of this category by Grand View Research :  https://www.grandviewresearch.com/industry/specialty-and-fine-chemicals

Grand View Research has segmented the global carboxymethyl cellulose market on the basis of product, livestock, and region:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         Cosmetics & pharmaceuticals

·         Food & beverages

·         Oil & gas

·         Paper & board

·         Paints & adhesives

·         Detergents

·         Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

o    France

o    Italy

·         Asia Pacific

o    China

·         Central & South America

o    Brazil

·         Middle East & Africa

View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-carboxymethyl-cellulose-cmc-market
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.

For more information: www.grandviewresearch.com

Ammonium sulfate market expected to reach USD 3.44 billion by 2022 : Grand View Research , Inc.

The global ammonium sulfate market is expected to reach USD 3.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing fertilizers demand on account of growing population and decreasing arable land is expected to remain a key driving factor for global ammonium sulfate market. Shift in trend towards increasing crop yield by increasing nutrient contents such as nitrogen and sulfur in soil is also expected to have a positive influence on the market growth. Presence of stringent regulatory norms particularly in developed markets of Germany, France, UK and the U.S. are expected to remain a key challenge for market participants.

Solid ammonium sulfate emerged as the leading product segment and accounted for over three quarters of total demand in 2014. Solid ammonium sulfate is also expected to witness highest growth of 2.45% from 2015 to 2022. Granular ammonium sulfate finds its application across a wide range of end-use industries which has contributed towards its growth.

Browse full report by Grand View Research :

http://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market

Further key findings from the report suggest:

·         Global ammonium sulfate market demand 24.60 million tons in 2014 and is expected to reach 29.81 million tons by 2022, growing at a CAGR of 2.43% from 2015 to 2022.

·         Fertilizer emerged as the leading application segment and accounted for over 90% of total market volume in 2014. Continuous increase in population coupled with need to increase cultivation yield is expected to benefit the demand for ammonium sulfate in fertilizers. Novel applications such as food additives are expected to witness the highest growth of 2.90% from 2015 to 2022.

·         Asia Pacific was the leading regional market with demand share estimated at 39.0% in 2014. Presence of a large agriculture industry in China, India and South East Asian countries is expected to remain a key driving factor for the regional market. The region is also expected to witness the highest growth of 2.57% from 2015 to 2022.

·         Central and South America is expected to witness significant growth to account over 17% of the global market by 2022. Ammonium sulfate demand in Brazil is expected to rise over the forecast period and have positive impact on the overall regional market.

·         Ammonium sulfate industry is fragmented with presence of large number significant market players across the globe. Some leading companies operating in the global market include DSM, Honeywell and BASF. Other companies include Sumitomo Chemicals, Helm AG, Evonik Industries, Domo Chemicals, AkzoNobel, Lanxess, Rentech and Agrium.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers

Grand View Research has segmented the ammonium sulfate market on the basis of product, application and region:

Global Ammonium Sulfate Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         Solid

·         Liquid

Global Ammonium Sulfate Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         Fertilizers

·         Food Additives

·         Industrial Use

·         Others

Global Ammonium Sulfate Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022

·         North America

o    U.S

o    Canada

·         Europe

o    Germany

o    France

o    UK

o    Spain

o    Italy

·         Asia Pacific

o    India

o    China

o    Japan

o    South Korea

·         Central & South America

o    Brazil

·         Middle East and Africa

o    Saudi Arabia

Access press release by Grand View Research : https://www.grandviewresearch.com/press-release/global-ammonium-sulfate-market

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.

For more information: http://www.grandviewresearch.com