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Oil Spill Management Market : Research Report : Key Growth Factors and Forecast 2020

Oil spill management mainly entails the utilization of technologies to prevent oil spills, devising appropriate clean-up strategies post spilling, and implementing techniques to minimize waste and devastating ecological effect of the spilt oil. The oil spill management market is mainly driven by the need for managing operational oil spills from sectors such as exploration and production, refining and marketing, and chemical. World over, these sectors have been involved in a variety of pipeline transportation and seaborne of crude oil and chemicals. This has mandated the need for oil spill management technologies and methods.

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In recent years, hefty penalty borne by prominent oil companies for the devastating effect they caused to the ecology and economy due to operational oil spills has boosted the demand for proper oil spill management mechanism.  Constant advancement in technologies for pre-oil spill and post-oil management teams is expected to boost the market.

The global oil spill management market is projected to rise at a CAGR of 2.80% from 2014 to 2020. Growing at this pace, the opportunities in the market is expected to reach US$114.4 bn by the end of the forecast period.

Growing Use of Double-Hulled Ships and Blowout Preventers in Managing Pre-Oil Spills

On the basis of product type, the market is segmented into offshore and onshore. Based on technology, the market is segmented into post-oil and pre-oil spill management scenarios. The pre-oil spill management is further segmented into double hulling, pipeline leak detection, and blowout preventers (BOPs). The post-oil spill management segment is further divided into physical, mechanical, and chemical and biological methods.

The continued rise in oil drilling activities, especially onshore, has bolstered the uptake of pressure control equipment such as blowout preventers and technologies such as pipeline leak detection. Stringent regulations imposed by governments of several nations to prevent accidental and operational oil spills have stimulated oil companies to strictly follow preventive measures.

The International Maritime Organization (IMO), primarily involved with regulating shipping, imposes stringent regulations, such as the mandatory use of double-hulled ships for newly built oil tankers, in order to minimize marine pollution. This has accentuated the market in recent years. Furthermore, several governmental regulation in advanced nations such as the U.S. has made double-hulled ships compulsory for all new ships with oil tankers. In addition, mounting concerns arising due to the leaks in oil and gas pipelines has propelled the demand for pipeline leak detection systems among operators.

Asia Pacific to Provide Lucrative Growth Avenues for Market Players

Based on geography, the market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, Asia Pacific is projected to lead the market over the forecast period. The growth of the regional market is fueled by the prominent presence of big shipping companies in several Asian nations such as Japan, South Korea, and China. A number of ship building companies have witnessed substantial demand for double-hulled ships in recent years. In addition, the rapidly rising number of domestic shipbuilding and repairing activities in countries such as Thailand, Vietnam, Malaysia, the Philippines, and Indonesia is expected to boost the regional market.

Meanwhile, North America is a prominent market for oil spill management. The extensive implementation of mechanical containment in managing oil spills is anticipated to accentuate the regional market.

Photoresists and Photoresist Ancillaries Market to Record an Exponential CAGR by 2020

Photoresists are indispensable components used in wiring configuration in high density packaging and semiconductor manufacturing. In the coming years, the demand for photoresists and photoresist ancillaries is expected to rise in response to the expanding market for dynamic displays. Also growth in the semiconductor industry will bolster sales opportunities in the global photoresists and photoresist ancillary market. On the flip side, occupational and environmental hazards often related to them may hamper their uptake in the coming years. Nonetheless, the advent of nanoelectromechanical systems will pave way for the market’s expansion in the coming years.

Arf Immersion and Antireflective Coatings Led Photoresists and Photoresist Ancillaries Market, Respectively

The global photoresists and photoresist ancillaries market can be studied on the basis of various parameters. In terms of product, the photoresists market can be segmented into ArF dry, KrF, g-line and i-line, and ArF immersion. Based on revenue, the ArF immersion photoresists accounted for the largest share in the global market in 2013.  Furthermore, the segment is expected to report the fastest CAGR between 2014 and 2020. ArF immersion photoresists offer greater flexibility of manufacturing semiconductors besides other components with supreme resolution and at nano-scale. These factors will enable growth in the segment. Based on product, the global photoresist ancillaries market can be segmented into photoresist developers, antireflective coatings, edge bead removers, and others. Of these, in 2013 the antireflective coatings segment held the nearly 30% of the overall photoresist ancillaries market.

Asia Pacific Emerges Dominant while Europe Reports Sluggish Growth

In 2013 Asia Pacific held dominance in the global market for photoresists and photoresist ancillaries. The increasing demand from the semiconductor and ICs industry is expected to boost the market in Asia Pacific. Furthermore, the rising applications in printed circuit board will give significant impetus to the photoresists and photoresists ancillaries market in Asia Pacific. As per the report, the demand for photoresists and photoresist ancillaries is expected to increase as more companies shift focus towards establishing their footprint in China and South Korea. This trend is likely to support growth of the market in Asia pacific.

In addition, the rising demand from North America is likely to offer lucrative growth prospects to the global market in the coming years. However, in Europe the market is likely to grow at a relatively sluggish pace.

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The global photoresists and photoresist ancillary market is currently operating in a highly consolidated vendor landscape. Some of the multinational players are exhibiting a high degree of forward integration, which is aiding in the market’s expansion. They are focusing on customizing products as per the changing consumer needs. This is expected to positively influence the overall market. The report profiles some of the leading players in the global photoresists and photoresist ancillaries market. These include TOKYO OHKA KOGYO CO., LTD., The Dow Chemical Company, JSR Corporation, FUJIFILM Electronics Materials Co. Ltd., Merck KGaA, Shin-Etsu Chemical Co., Ltd., Avantor Performance Materials Inc., E. I. du Pont de Nemours and Company, Sumitomo Chemical Co., Ltd., LG Chem Ltd., and others.

Metamaterials Technologies Market to Witness Comprehensive Growth by 2020

Rise in wireless communication services, greater preference for more efficient solar photovoltaic (PV) cells, and funding provided by venture capital firms to potential metamaterial manufacturers are prophesied to raise the demand for metamaterials technologies in the global market. The rise in the demand could also be attributed to the ability of metamaterials technologies to amplify the absorption capability of solar cells. Moreover, the increase in demand for clean energy sources such as wind, solar, tidal, and hydro could translate into a want for more efficient solar cells. A lot of research institutes and companies are envisioned to come up with metamaterial products that could absorb light from various angles and spectrums.

The global metamaterials technologies market is anticipated to grow up to a US$1.27 bn by the end of 2020.

Diverse Applications Act as Driving Force for Metamaterials Technologies

Due to potential usages of metamaterials technologies in navigation, communication and radar, and spectroscopy, such applications are expected to witness growth at a rapid pace. Photonic metamaterials are the metamaterials used largely for communication at visible wavelengths. Terahertz metamaterials which interact at terahertz frequency are widely used in security screening processes and medical diagnostics as microwave couplers and beam steerers. As the name suggests, acoustic metamaterials are structures with acoustic effects. These are anticipated to be used in diverse applications such as efficient, ultra-slim, soundproofing coatings, vibration dampers, and home audio systems. Other metamaterials such as ultraviolet (UV) metamaterials and infrared metamaterials are being studied and researched upon by researchers for their distinct characteristics which could be used in future.

Metamaterials technologies are prognosticated to have a wide range of usage in aviation, telecommunication, and industrial sectors, and defense as well. Major applications could include solar, imaging (industrial and medical), acoustic, seismic protection, microwave cloaking, and communication and radar. Though there is still a long way to go in the scope of each product, communication and radar seems to be one of the largest and the fastest growing segments since the past few years. The demand for metamaterials technologies is expected to rise in the coming years due to the increase in demand for wireless communication services and the funding provided to companies that manufacture metamaterial antennas. Metamaterial antennas could be in demand due to their lightweight properties and the ability to support a wide range of frequency spectrum, accompanied by high-paced reconfiguration and better self-alignment as compared to conventional antennas.

North America Rules with Significant Investments by Venture Capitalists

In the recent past, North America was amongst the fastest and the largest growing markets for metamaterials technologies. This region is also expected to witness a growth in industrial, consumer, and defense applications. However, it should be noted that low commercial awareness and technical challenges in high volume fabrication could be primary growth restrictors in the market for metamaterials technologies.

Nevertheless, on account of telling investments by venture capitalists and grants provided by government agencies for startup metamaterial companies in North America, the market is expected to expand at a very high pace. As funds and promotions for research projects such as METAMORPHOSE (Metamaterials Organized for Radio, Millimeter Wave, and Photonic Superlattice Engineering) are being considered and supported by the European Commission, the metamaterials technologies market in Europe could also be likely to rise substantially.

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In the coming years, the demand for metamaterials technologies is also predicted to surge in developing countries such as India and China and even developed ones as Singapore and Japan in Asia Pacific. Besides this, the metamaterials technologies market is estimated to grow in the Rest of the World due to a high demand in Latin America.

Leading players such as Metamagnetics, Inc., Metamaterial Technologies, Inc. (MTI), and Kymeta Corporation could showcase their prominence in the worldwide metamaterials technologies market.

Aerogels Market Plying for Significant Growth During 2015 – 2023

The global aerogels market is likely to be driven by the increasing need for aerogels from end-use industries such as oil and gas and construction. Owing to their light weight, low heat conduction and high insulating properties, aerogels are being considered as a potential material for applications across various industries such as transportation and electronics industry. The increasing need for aerogels from construction sector due to their superior insulation feature is likely to drive the global aerogels market. The increasing demand for aerogels from the oil and gas and petrochemical industry is a major factor driving the global aerogels industry. However, the mounting cost of production of aerogels and the slow commercialization process in developing regions are likely to impede the market’s trajectory.

Against the backdrop of all of these factors, the global aerogels market is estimated to expand at a CAGR of 18.7% from 2014 to 2023, rising from US$353.6 mn in 2015 to touch a valuation of US$1,093.2 mn by 2023.

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North America to Report Highest Consumption of Aerogels

Due to the high demand for aerogels from end-use industries in North America, the consumption of aerogels is expected to increase substantially in the upcoming years in the region. Based on volume, North America accounted for a share of 56.5% in the global market in 2014. The rapidly growing construction and transportation sectors in North America are anticipated to help the region maintain a lead in the global aerogels market. As construction companies in the U.S. and Canada are preferring the use of aerogels to benefit from their better insulating properties, the demand for aerogels in North America is expected to rise in the coming years.

Europe is expected to emerge as the second-largest region in terms of aerogel consumption. The increasing demand for aerogels from the oil and gas industry in Europe is anticipated to fuel demand for aerogels in Europe. Asia-Pacific is expected to be the most lucrative market in the coming years owing to the increasing commercialization of aerogels in the region.

Construction Sector to Emerge as Fastest Growing Segment among End Users

The increasing construction activities worldwide have been fuelling demand for aerogels as construction companies focus on enhancing the quality of structures. The increasing need for thermal and acoustic insulation among the construction companies is likely to increase the demand for aerogels in the sector in the coming years. The construction sector accounted for 12.6% in the global aerogels market in 2023. Owing to the increasing construction activities in developing countries, the segment is projected to increase at a CAGR of 16.0% from 2015 to 2023.

The oil and gas segment is anticipated to maintain its lead in the global aerogels market with a share of 64.4% in 2023 in terms of revenue. The rising need for aerogels from the electronics sector is also expected to enhance the sales of aerogels in future. Aerogels manufacturers are likely to gain potential opportunities from the electronics segment owing to the rise in demand for smart devices globally.

The leading companies in the global aerogels market are Aspen Aerogels, Inc., Cabot Corporation, Aerogel Technologies LLC, Svenska Aerogel AB, Surnano Aerogel Co., Ltd., JIOS Aerogel Limited, Guangdong Alison Hi-Tech Co., Ltd., BASF SE, Ocellus, Inc., and Green Earth Aerogel Technologies.

Rugged Expansion Foreseen by Electroactive Polymers Market During 2016 – 2024

The global electroactive polymers market is being used extensively across the globe with a rising number of applications. The automotive industry is one of the key application segments, which is projected to accelerate the growth of the market in the next few years. Moreover, the rising use of electroactive polymers in the healthcare segment is estimated to support the development of the global electroactive polymers market in the next few years. Furthermore, innovations in the electroactive polymers field is predicted to offer potential opportunities for the players in the coming few years.

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Increasing Use of Smart Fabrics to Drive Electroactive Polymers Market

In 2016, the global market for electroactive polymers was worth US$3.15 bn and is predicted to reach a value of US$5.69 bn by the end of 2024. The market is further anticipated to exhibit a promising 7.60% CAGR between 2016 and 2024, states a research study that has been presented by Transparency Market Research.

The rising popularity and demand for smart fabrics is the key factor estimated to encourage the growth of the global electroactive polymers market in the next few years. The ease of synthesis, low cost of materials, flexibility, and lightweight are the major factors that are likely to support the overall growth in the next few years. In addition to this, the rising number of biomimetic appliances is projected to ensure the growth of the market in the near future. On the other hand, the lack of extensive communization of EAPS and the rising environmental impact are predicted to curb the market growth in the near future. Nevertheless, the development of new products and advancements in this field are projected to push the growth over the next few years.

North America to Lead Global Electroactive Polymers Market in Near Future

North America holds a key share of the global electroactive polymers and is expected to lead the market in the next few years. The rising contribution from the U.S. and the existence of several leading players are likely to support the growth in the near future. In addition to this, the rise in the demand for inherently conductive polymers is another factor that is predicted to enhance the market growth in the coming few years. Furthermore, Europe and Asia Pacific are projected to witness healthy growth in the near future. The key players are making efforts to create an awareness among consumers concerning the advantages of electroactive polymers, thus supporting the market growth in the near future.

The global market for electroactive polymers is enjoying a high level of competition with a huge number of players operating worldwide. The participation of several new players local as well as international is anticipated to enhance the market growth and strengthen the competitive scenario of the market in the near future. The increasing investments by the leading players for developments and research activities, which is predicted to ensure the market growth in the next few years. In addition to this, these players are targeting developing economies, which holds immense growth opportunities in the coming years. Some of the leading players in the electroactive polymers market across the globe are The Lubrizol Corporation, BASF SE, Heraeus Deutschland GmbH & Co. KG, PolyDrop, LLC, Cabot Corporation, IonPhasE, Premix Oy, PolyOne Corporation, and Celanese Corporation.

Herbicides Market To Undertake Strapping Growth During 2017 – 2025

The global competitive landscape is increasingly consolidated as a whopping share of the global herbicides market is concentrated in the hands of a small number of players, notes Transparency Market Research (TMR). An upward of 75.0% share is owned by just seven companies, which include Syngenta International AG, DowDuPont Inc., Agrium Inc., Israel Chemicals Limited, Monsanto Company, and Bayer AG. Some other prominent players operating in the market are PL Industries, FMC Corporation, Nfarm Ltd., and Israel Chemicals.

TMR finds that a large number of players are capitalizing on the synergies of mergers and alliances to consolidate their shares and bolster their product portfolio.

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The global herbicides market is anticipated to rise at a CAGR of 6.1% during 2017–2025 and touch a valuation of US$29.30 billion by 2025 end. The global valuation of the market in 2016 was pegged at US$17.37 billion.

The various product types of herbicides comprise acetochlor, 2,4-D, glyphosate, and atrazine. Among the other segments, glyphosate led, vis-à-vis value as well as volume, in 2016. This is attributed to the vast demand for glyphosate-based herbicides as a type of non-selective herbicide useful in controlling a variety of weeds.

The various regional markets for herbicides are North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. Of these, Europe led the global market in 2016 and is anticipated to retain its lead throughout the assessment timeline. However, Asia Pacific is forecast to rise at the most attractive CAGR over 2017–2025. Providing ample opportunities to local as well as global players, the region is expected to generate a revenue worth of US$4.0 billion by 2025 end.

Herbicides Gaining Popularity among Agriculturists for Effective Control of Various Weeds           

The considerable popularity that herbicides has garnered in the pesticide industry is on the account of their potential applications for controlling or destroying a wide spectrum of weeds and boost active growth of the desired plants. The ever-rising need of improving yield from the limited arable land available across the globe is increasingly intensifying the demand for effective weed-control phytotoxic chemicals. This is a prominent factor driving the demand for herbicides in the worldwide agriculture industry. The demand for weed control chemicals is especially accentuated by the rapid pace of infrastructural developments reducing the area of cultivable land available across the globe.

The substantial demand for herbicide chemicals for the specific action on unwanted plants and continuous efforts in recent decades to improve their specificity are factors propelling the growth of the market. The reduction of manual and mechanical weeding in developing economies is also bolstering the uptake of herbicides among farmers.

The market is accentuated by the rising demand for herbicides to be applied on cereals and grains with the aim to maximize crop yield. The role played by herbicides in improving the nutrition of plants and controlling soil erosion is also boosting their demand.

Regulatory Curbs on some Herbicides in Several Regions hamper Growth  

However, the growth of the herbicides market is beset with several factors. The use of inorganic herbicides is plagued with the considerable risk they may have on environment. For instance, the adverse impact some herbicides have on the aquatic life and their undue exposure to workers may cause health problems. This has led to numerous regional regulations curbing the use of certain herbicides. The largely ban of glyphosate in parts of Europe is a case in point.

Nevertheless, the advent of bio-based products has opened substantial lucrative avenues in the market. Furthermore, the relentless research on understanding the biochemical action of herbicides on plants has led to chemicals with better toxicity profile.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Herbicides Market (Product – Acetohlor, 2,4-D, Glyphosate, and Atrazine; Application – Oilseeds & Pulses, Cereals & Grains, Fruits & vegetables, Nurseries, and Turf) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”.

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UV Disinfection Equipment Market Expected to Expand at a Steady CAGR through 2016 – 2024

The global market for ultra violet disinfectant is expected to witness a steady rise in the coming years. This market is being fueled by the increasing awareness about the benefits of UV disinfection. This process is chemical-free and relatively easy, which is has garnered attention wide range of end users. However, the key growth driver for the uptake of UV disinfection equipment remains the increasing need to provide clean drinking water in cities as well as rural areas. Thus, the unfortunate rise in water pollution and deteriorating quality of water is expected to create a huge demand for UV disinfection equipment in many water treatment processes. 

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Transparency Market Research states that the global UV disinfection equipment market was valued at US$1.62 bn in 2016 and is expected to be worth US$6.73 bn by the end of 2025. During the forecast years of 2017 and 2025, the global market for UV disinfection equipment market is expected to register a CAGR of 17.40%. The significant rise will be attributable to the process of disinfection used by UV disinfection technology that leaves behind no disinfection by-products. Furthermore, the cost-effective nature of this technology to ensure end-to-end cleaning is also winning the market for UV disinfection equipment tremendous popularity. 

Need for Safer and Cleaner Water Ups Demand for UV Disinfection Equipment

Rapid industrialization and unstoppable urbanization have collectively resulted in a need for better quality of water. This has definitely increased the uptake of UV disinfection equipment for treating wastewater. UV disinfection method for wastewater is slowly replacing chlorine-based disinfection methods. Thus, the demand for cleaner and safer water is expected to create many lucrative opportunities for UV disinfection technology, thereby propping up the demand for its equipment. 

As an obvious result of the aforementioned trends, the UV disinfection equipment will find extensively application in the water segment during the forecast period. As of 2016, the water treatment segment held a share of 56.5% in the global UV disinfection equipment market. In the coming years, the wastewater treatment segment will outdo the water segment as manufacturing units are facing flak for not treating wastewater before letting it out in the environment. The non-corrosive and cost-effective nature of UV disinfection is expected to bode well for the market in the near future. 

Asia Pacific to Show Progress as Emerging Economies Strive to Improve Water Supply

Geographically, the global UV disinfection equipment market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Out of these, the North America UV disinfection equipment market is expected lead the global market in the coming years as the U.S. accounted for nearly 36.7% of the total revenue. Strong presence of disinfecting companies that are open to trying better and cleaner technologies are expected to propel North America’s presence in the overall market in the coming years. Meanwhile, Asia Pacific is also expected to show phenomenal growth in the global UV disinfection equipment market as emerging economies such as India and China are facing water problems. Growing population, increasing pollution, and demand for safer water supply in the face of scarcity of water are projected to drive the demand for UV disinfection equipment across Asia Pacific. 

Some of the leading players operating in the global UV disinfection equipment market are Severn Trent Plc, Calgon Carbon Corp., Trojan Technologies, Xylem Inc., Atlantic Ultraviolet Corp., First Light Technologies Ltd., Aquionics, Atlantium Technologies Ltd., Green Water Technologies, General Lighting, Evoqua Water Technologies LLC, Advanced UV, Inc., Enaqua, and Hydro-Photon.

Refrigeration Oil Market – Trends and Forecast Analysis up to 2025

The future of the global refrigeration oil market is prosperous, with the demand estimated to increment at a CAGR of 5.8% during the forecast period of 2017 to 2025. Some of the key factors favoring the global refrigeration oil market are: increasing preference of low-GWP refrigerants, rebates offered by government and NGOs to promote energy-efficient product and services, technological advancement such as advent of HVAC&R systems in the healthcare sector, and expanding refrigeration application. The transportation sector and new product development by the leading vendors are also expected to open new opportunities in the global refrigeration oil market, which on the other hand is facing obstruction from compatibility issues and complexity of oil control function. The refrigeration oil market is projected to reach a global valuation of US$1.77 bn by the end of 2025.
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Synthetic Oil Most Identified as Profitable Product Segment of Refrigeration Oil Market

On the basis of product type, the global refrigeration oil market has been bifurcated into mineral oil and synthetic oil. The latter currently serves the maximum demand and is estimated to be worth US$1,314.5 mn by 2025. This potent demand for synthetic oil can be attributed to its compatibility with refrigerant used in the system. On the other hand, the mineral oil offers more benefits over the synthetic oil, which leads to its use as a thermal fluid in mechanical and industrial applications. Polyol ester, ploy alpha olefins, alkyl benzene, ploy alkylene glycols, polyvinyl ether and phenolpropoxylate oil are some of the other types of refrigeration oil. Based on refrigerant type, the global refrigeration oil market has been segmented into hydrocholoroflurocarbon (HCFC), chlorofluorocarbon (CFC), hydro fluorocarbon (HFC), and ammonia. By the end of 2025, hydro fluorocarbon segment is estimated to be worth US$476.1 mn, which is considerably more than any other segments. However, ammonia is anticipated to experience the best CAGR of 6.2% during the forecast period of 2017 to 2025.

Application-wise, the global refrigeration oil market has been categorized into air conditioner, coolers, chillers, refrigerators, and condensers, with air conditioners contributing the most prominent chunk of the overall demand. By 2025, the air conditioners category of the global refrigeration oil market is estimated to be worth US$535.3 mn, expanding at a strong CAGR of 7.7% during the said forecast period. Based on end-use, residential and commercial sectors serve the maximum demand, with residential segment projected for an above-average growth rate.

Asia Pacific Emerges as Highly Lucrative Region

The developed country of the U.S. continues to be the main consumer of refrigerant oils, owing to high demand for refrigerant based products such as air conditioners, residential and commercial refrigerators, and medical freezers. The North America refrigeration oil market is also driven by the increased demand for food storage equipment, growing urbanization, and growth in the consumer electronics market. With increasing usage of air conditioners and refrigerators, there will be augmentation in the demand for high performance and longer life of these systems. Since these oils add long life to the refrigerant systems, the market for the same will flourish consistently. On the other hand, the Asia Pacific region is the major shareholder of the global refrigeration oil market, accounting for more than 35% share of the overall market. This is a reflection of the presence of numerous refrigerants and refrigerant oil providers and end user sectors. The APAC refrigeration oil demand continues to be high due to emerging markets such as India and China, which are projected to grow significantly in the cold storage warehousing and frozen food sectors.

Competitive Landscape to Remain Consolidated Among a Few Players

The global refrigeration oil market is concentrated among five major players, viz. Idemitsu Kosan Co, Ltd., Royal Dutch Shell plc, BASF, Exxon Mobil Corporation, and MEIWA, who collectively accounted for 94.8% of the market in 2016. These companies have a strong product portfolio as well as presence in a number of countries, and are expected to maintain their dominance in the near future too.

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