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Category: Oil and Gas (Page 1 of 18)

Turbocompressor Market worth $15.81 Billion by 2021

The turbocompressor market is projected to grow from an estimated USD 12.15 Billion in 2016 to USD 15.81 Billion by 2021, at a CAGR of 5.4%. Increasing LNG trade between nations, the growing demand for energy, and investments in sectors other than oil & gas are expected to drive the market for turbocompressor.

Oil & gas sector to dominate the turbocompressor market during the forecast period

The turbocompressor market has been segmented according to application into oil & gas, power generation, chemical, and others. The oil & gas sector accounted for approximately 50% of the market share in 2015. The growing number of LNG projects will likely increase the demand for turbocompressor. This is expected to drive the market for turbocompressors in the oil & gas sector.

Browse 66 market data Tables and 51 Figures spread through 144 Pages and in-depth TOC on “Turbocompressor Market”
https://www.marketsandmarkets.com/Market-Reports/turbocompressor-market-78667090.html  

Axial turbocompressors to hold the largest share of the turbocompressors market, by type, during the forecast period

The turbocompressors market has been segmented on the basis of type into axial and centrifugal turbocompressors. Centrifugal turbocompressors are estimated to dominate the market. Axial turbocompressors are used as compressors in gas turbines and in the steel and chemical industries. These turbocompressors are primarily used for applications that require a high intake volume of flow, and are more efficient than centrifugal turbocompressors. Most axial turbocompressors produce pressures higher than 100 psi, at intake volumes between 23,500 acfm to 588,500 acfm. The market for axial turbocompressors is expected to grow at the highest CAGR during the forecast period.

North American turbocompressors market to witness the highest growth during the forecast period

The report covers six regions, namely, North America, Asia-Pacific, Europe, the Middle East, South America, and Africa. The turbocompressors market in North America is expected to witness the highest growth from 2016 to 2021, owing to the growing manufacturing sector in the region. The increase in the LNG trade between nations would drive the North American turbocompressors market, as turbocompressors are used for gas transportation and storage.

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The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading market players such as Atlas Copco AG (Sweden), GE Oil & Gas (U.K.), Siemens AG (Germany), Ingersoll Rand (Ireland), Hitachi Ltd. (Japan), and Mitsubishi Heavy Industries, Ltd. (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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Latest Research on Environmental Monitoring Market Expected to Hits $25.5 Billion by 2024

Environmental Monitoring Market is projected to reach USD 25.5 billion by 2024 from USD 18.4 billion in 2019, at a CAGR of 6.8% during the forecast period.

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Environmental Monitoring Market

Top Key Players

Agilent Technologies (US), Danaher Corporation (US), ThermoFisher Scientific (US), Shimadzu Corp. (Japan), and PerkinElmer Corporation (US). The other players are General Electric (US), Honeywell International Inc (US), Horiba (Japan), Merck KGaA (Germany), Siemens (Germany), Teledyne Technologies Incorporated (US), Emerson Electric (US), Spectris (UK), TE Connectivity (US), and 3M Company (US) among others are some major players in the global Environmental Monitoring Market.

Browse in-depth TOC onEnvironmental Monitoring Market

187 — Tables

56 — Figures

248 — Pages

Rising pollution levels, favourable regulatory scenario, ongoing installation of environmental monitoring stations, development of environment-friendly industries, increasing awareness on pollution monitoring, expansion of pollution monitoring infrastructure across emerging markets, are the major factors driving the growth of the global environmental monitoring market.

North America accounted for the largest share of the Environmental Monitoring Market in 2018. The dominant position of this region is due to an increase in government funding for the establishment of environmental monitoring stations and the US EPA’s stringent regulations that supports greater adoption of pollution monitoring technologies. 

Additionally, technological advancements in the field of environmental sensors and growing government initiatives in the area of pollution control will further augment market growth.

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Global Fall Protection Market intelligence with competitive landscape in 2022

The Global Fall Protection Market is estimated to be USD 1.82 Billion in 2017 and is projected to reach USD 2.69 Billion by 2022, at a CAGR of 8.1% during the forecast period. Increasing awareness regarding industrial safety and stringent government regulations pertaining to the safety of people in the construction industry are expected to drive the growth of the global fall protection market.

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Browse 68 Market Data Tables and 51 Figures spread through 149 Pages and in-depth TOC on “Fall Protection Market”

Drivers & Opportunities in global industry:

  • Stringent Government Regulations
  • Increasing Demand for Fall Protection Equipment From Construction Industry
  • Growing Awareness of Industrial Safety
  • High Growth Opportunities for Access System
  • Industrial Growth in Asia-Pacific

Based on type, the global fall protection market has been segmented into soft goods, hard goods, installed system, access system, rescue kit, and services. The access system segment is projected witness the highest growth during the forecast period, due to the increasing demand for protective equipment used in confined spaces. Access systems include confined space and tripod products used in tanks, vessels, sewers, and other applications.

Based on end-use industry, the global fall protection market has been segmented into construction, general industry, oil & gas, energy & utilities, telecom, transportation, mining, and others. The construction segment is expected to witness the highest growth during the forecast period. Mandates by governments of several countries around the globe, pertaining to the use of fall protection equipment to reduce the number of accidents and causalities during construction activities, is expected to fuel the growth of this segment.

Key players in the fall protection market have opportunities to expand in emerging countries. For example, the government of India is encouraging the growth of the manufacturing sector in the country by liberalizing policies and providing additional incentives such as land at cheap rates and faster clearances from all concerned departments. This will help develop the infrastructure and increase construction activities, which is expected to drive the sales of fall protection in the country over the next five years. Major players in the market can acquire the local players and establish their presence to provide fall protection equipment and provide services to the end users in emerging countries.

3M Company (US), Honeywell International Inc. (US), MSA Safety Inc. (US), Werner Co. (US), GF Protection Inc. (US), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (US), Total Access (UK) Ltd. (UK), Kee Safety, Inc. (UK), and FallTech (US) are some of the leading players in the global fall protection market.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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MarketsandMarkets™ INC. 
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Offshore Decommissioning Market to reach $8.76 Billion by 2025

The global offshore decommissioning market is projected to grow at a CAGR of 5.05%, from 2017 to 2025, to reach a market size of USD 8.76 billion by 2022. Offshore decommissioning is plugging the oil and gas wells which are matured and are non-productive. Maturing oil and gas fields and aging infrastructure in the North Sea and Gulf of Mexico are driving the offshore decommissioning market. Low crude oil prices are other major driver for this market.

The report segments the market, on the basis of service, into project management, engineering and planning, permitting and regulatory compliance, platform preparation, well plugging and abandonment, conductor removal, mobilization and demobilization of derrick barges, platform removal, pipeline and power cable decommissioning, materials disposal, and site clearance. The well plugging and abandonment segment accounted for the largest market share in 2016, driven by demand from the European market. 

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Well plugging and abandonment: The largest service segment of the offshore decommissioning market

Well plugging and abandonment constitutes the largest segment of the offshore decommissioning market, by service, in terms of value. Well plugging and abandonment contributes up to 45% of total decommissioning cost of any project. During this activity, detailed well data is collected and prepared for plugging using rig or rig less methods. Demand from the European market is projected to drive the market for well plugging and abandonment.

The European market is expected to grow at the highest CAGR, from 2017 to 2025.

Europe is the largest market, by value, for offshore decommissioning, followed by North America. The European market is also projected to be the fastest growing market, during the forecast period, owing to mature oil and gas fields, particularly in the U.K. and the North Sea. The impending cessation of production in major oil and gas fields would ensure that the European market would grow at the highest pace. Europe is estimated to witness the highest offshore decommissioning spending, with its well-developed regulatory framework compared to other regions.

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The key players operating in the offshore decommissioning market include Amec Foster Wheeler ASA (France), Aker Solutions (Norway), AF Gruppen S.A. (U.S.), Tetra Technologies (U.S.), John Wood Group PLC (U.K.), Able UK (U.K.), DNV GL (Norway), Heerema Marine (The Netherlands), Allseas Group (Switzerland), DeepOcean Group (The Netherlands) and Technipfmc PLC (U.S.), among others.   

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441 Email: newsletter@marketsandmarkets.com

Ethoxylates Market to be Worth 12.37 Billion USD by 2021

 [138 Pages Report] The Ethoxylates Market is expected to reach USD 12.3 billion by 2021, at a CAGR of 3.33% from 2016 to 2021. Global market growth attributed to growing demand in household & personal care industry and increasing demand of low-rinse detergents.  China is the largest market for ethoxylates in Asia-Pacific due to plenty of raw material suppliers in these countries. Many household & personal cares, and agrochemicals companies set up their base in China in the recent years due to availability of cheap labor as well as technology. The next two largest markets – the US and Germany – will also offer significant growth opportunities.

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Alcohol ethoxylates lead the global ethoxylates market in 2015. Alcohol ethoxylates are also expected to witness the highest CAGR from 2016 to 2021 owing to the high demand from North America and Europe, due to the higher environment-friendliness as compared to other ethoxylates. The growing household & personal care, and oilfield industries in the Middle Eastern and Asia-Pacific region countries such as, China, Japan, and India is also driving the alcohol ethoxylates market.

The ethoxylates market is classified based on end-use industry into, household & personal care, pharmaceutical, agrochemicals, oilfield, and others. The market is led by the household & personal care end-use industry. Growing disposable incomes, and changing lifestyles of consumers is driving the demand for ethoxylates in the household & personal care industry.

Currently, the European region is the largest ethoxylates market, in terms of value, closely followed by the Asia-Pacific region. The Asia-Pacific region is characterized by the technological innovations in the ethoxylates industry and the presence of some of the major players in the region. North America is expected to witness a moderate growth rate.

The Asia-Pacific region is expected to be the fastest-growing ethoxylates market, which is backed by the high demand for ethoxylates in the household & personal care, and agrochemicals industries. The demand from major emerging countries such as, China, India, and South Korea also drives the ethoxylates market in the region.

Top key players such as, BASF SE (Germany), Royal Dutch Shell Plc (Netherlands), Huntsman International LLC (U.S.), Stepan Company (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Sasol Ltd (South Africa), India Glycols Ltd. (India), Ineos Group Ltd. (Switzerland), and Solvay (Belgium) are currently leading the global ethoxylates market.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
sales@marketsandmarkets.com

Process Oil Market expected to be worth 5.56 Billion USD by 2023, at a CAGR of 3.8%, from 2018–2023

The [155 Pages Report] “Process Oil Market” is projected to grow from an estimated USD 4.7 billion in 2018 to USD 5.6 billion by 2023, at a CAGR of 3.6% between 2018 and 2023. Process oils are used for various applications, such as such as tire & rubber, polymer, personal care, and textile, among others. Process oils can be categorized into four types, namely, aromatic, paraffinic, naphthenic, and non-carcinogenic. Process oils improve efficiency and productivity as well as ensure low energy consumption, thereby leading to reduced production costs and improved quality of products.

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Based on type, the naphthenic segment is estimated to be the largest segment of the process oil market in 2017

Based on type, the naphthenic segment is estimated to be the largest segment of the process oil market in 2017. Asia-Pacific and North America are the major markets for naphthenic process oil, due to the rise in the demand for naphthenic process oils from the tire & rubber and textile applications in these two regions. Naphthenic oil producers operating in these regions include Ergon (U.S.), San Joaquin Refining (U.S.), Tulstar Products Inc. (U.S.), Lubline (U.S.), Cross Oil (U.S.), Idemitsu Kosan Co., Ltd. (Japan), and Hindustan Petroleum Corporation Ltd. (India).

 Based on application, the tire & rubber segment is estimated to lead the process oil market in 2017

Process oils increase the performance of rubber and tire products and provide high stability, with a relative inertness towards curing additives. Process oils have low volatility, and high viscosity and plasticity. These properties are expected to drive the use of process oils in the tire & rubber segment, as the oils facilitate the blending and dispersion of fillers in tire and rubber products and improve their elastomer workability.

 Asia-Pacific is estimated to dominate the process oil market in 2017

Asia-Pacific is estimated to be the largest market for process oils in 2017 and is projected to witness the highest growth during the forecast period, owing to the increased sales of automobiles in the region. The increased automobile sales are expected to boost the demand for tires and rubbers and consequently drive the consumption of process oils in Asia-Pacific.

Royal Dutch Shell plc (Netherlands), Chevron Corporation (U.S.), and Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), and Hindustan Petroleum Corporation Limited (India) are the key players operational in the process oil market.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
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USA: 1-888-600-6441 
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Grease Market expected to be worth 2.28 Billion USD by 2021, at a CAGR of 2.0%, from 2016–2021

The report “Grease Market by Type (Metallic Soap Thickener, Non-Soap Thickener, Inorganic Thickener, and Others), and by End-use Industry (automotive, construction & off-highways, general manufacturing, steel, mining, and other) – Global Forecasts to 2021”, is estimated at USD 2.04 Billion in 2015 and is projected to reach USD 2.28 Billion by 2021, registering a CAGR of 2.0% between 2016 and 2021. The market is largely driven by the increased demand from the automotive industry. Grease is highly used in the automotive industry for wheel bearings, universal joints, suspensions, gears, and connectors.

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“Passenger vehicles and commercial vehicles of automotive industry drive the grease market” 

Automotive is the largest and fastest-growing end-use industry for grease. The passenger vehicles and commercial vehicles are driving the demand for high performance grease in the automotive industry. In the automotive industry, grease is extensively used in various auto parts such as wheel bearings, universal joints, suspensions, gears, switches, and connectors because of their excellent properties such as mechanical stability, temperature tolerance, water resistance, and anti-oxidants. The need for high performance grease is rising in the increasing manufacturing of machines and equipment for end-use industries.

“Metallic soap thickener expected to witness the highest growth” 

Metallic soap thickener is expected to witness the fastest-growth during the forecast period. This is because of its multifunctional properties that make it suitable to be used in automotive, construction & off-highways, general manufacturing industries. Metallic soap thickener has higher capability of maintaining excellent stability at higher temperature along with other favorable properties such as load bearing, water resistance, shear stability, and rust protection.

“Asia-Pacific is the key market for grease” 

Asia-Pacific dominated the global grease market in 2015. The demand for grease in the Asia-Pacific region is mainly driven by China, India, Japan, and Thailand. The growing automotive industry coupled with the increased demand from the construction segment drives for Grease Market in the region. Moreover, the heavy investment and growing infrastructure are increasing the demand for grease in the region.

Royal Dutch Shell plc (Netherlands), Sinopec Corporation (Shina), Fuchs Petrolub SE (Germany), BP Plc (U.K.), Petronas (Malaysia), and Exxon Mobil Corporation (U.S.) are some of the major players in the global grease market profiled in this report.

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Don’t miss out on business opportunities in Grease Market.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Silicone Oil Market worth 2.41 Billion USD by 2020, registering a CAGR of 4.85%

Global Silicone Oil Market was valued at USD 1.78 Billion in 2014 and is expected to reach USD 2.41 Billion by 2020, at a CAGR of 4.85% from 2015 to 2020. Increasing demand from end-use industries such as personal care and automotive, increasing demand from emerging economies such as China, India, Brazil, and favorable properties of silicone oil are some of the drivers for the growth of this market.

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Browse 94 market data Tables and 63 Figures spread through 154 Pages and in-depth TOC on “Silicone Oil Market”

On the basis of application, the market is classified into lubricants, water repellents, working media, heat carrier, and others. The lubricants segment occupied the highest revenue share in 2014 among applications. Silicone oil lubricants are chemically inert and do not cause metal corrosion. In comparison to traditional mineral lubricants, silicone oil lubricants can withstand high temperature range and possess good dielectric property. Silicone oil based lubricants are widely used in industrial processing such as polymer production, yarn and thread production, textile finishing, and so on. The replacement of hydrocarbon based lubricants due to various environmental concerns is driving the market of silicone oil.

On the basis of end-use industry, the market of silicon oil is segmented into personal care & home care, industrial, energy, automotive & transportation, textile, agriculture, and others. Among these segments, personal care & home care segment is the largest and also the fastest-growing segment. The demand for high quality personal care products, growing economies, and rising population is driving the market of silicone oil in the personal care & home care segment.

The Asia-Pacific market is expected to witness the fastest growth rate between 2015 and 2020. The market in this region is experiencing increased silicone oil consumption in personal care products and industrial applications. This high growth is attributed to the increase in disposable income and changes in consumer lifestyle. The growing industrialization in many countries of APAC is also major driver for the growth of the silicone oil market.

Many companies such as Dow Corning Corporation (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Bluestar Silicones International (France), Momentive Performance Materials Inc. (US), and others have a backward integrated network to meet their production demands. The demand for silicone is largely due to personal care & home care industry, automotive industry, and industrial uses of silicone oil and others.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

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