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Oleochemicals are chemical products derived from triglycerides of animal or vegetable origin and are analogous to petrochemicals derived from petroleum. Commercially, they are used in three forms; fatty alcohols, fatty acids, glycerin and other products such as amines and methyl esters. They are derived from bio sources such as coconut and palm oil and are generally biodegradable, making them an ideal replacement to petrochemicals. In addition, the low toxicity makes them suitable for certain applications where toxicity could be of key importance. The current activities in the field of oleochemicals are restricted to the Asia Pacific region, particularly across countries such as China, India, Indonesia and Malaysia.

Glycolic acid is an Alpha Hydroxyl Acid used extensively in applications such as Industrial, Personal Care and Household cleaning among others. Glycolic acid is naturally available but commercially is manufactured using formaldehyde. It is used as a key ingredient in products which fight signs of ageing and considering that anti ageing products are expected to be the fastest growing personal care product segment over the forecast period, glycolic acid demand is expected to grow at a substantial pace over the next five years. A single North American producer dominated the market and accounted for over 60% of the production in 2012. The manufacturing of PGA (Polyglycolic Acid) is also expected to be a key application segment for glycolic acid market and is expected to witness appreciable growth from 2013 to 2018.

The global market for Glass Packaging is expected to reach USD 68.4 billion by 2020, according to a new study by Grand View Research, Inc. Growing beer consumption, especially in parts of Eastern Europe and Asia Pacific is expected to be a key driver for the growth of the market over the next five years. In addition, the increasing preference towards use of glass in packaging of food and beverage, pharmaceuticals and cosmetics is further expected to boost the market in the near future.

Latin America market for adhesives and sealants is expected to reach USD 2.47 billion by 2020, according to a new study by Grand View Research, Inc. Growth of major end use industries such as automotive and construction, mainly in Brazil and Argentina is expected to boost the demand for adhesives and sealants over the forecast period. In addition, increasing market penetration of adhesives in medical industry is also expected to drive have positive impact on demand over the next six years. However, volatility in raw material prices coupled with growing environmental concerns is expected to be a key challenge for market participants.

Asia Pacific adhesives and sealants market is expected to reach USD 18.79 billion by 2020, according to a new study by Grand View Research, Inc. Positive demand outlook from key end use industries including automotive and construction, mainly in China and India, is expected to be a key driving force for the market over the next six years. Tight raw material supply coupled with an unfavorable regulatory scenario for key export markets is expected to inhibit growth over the forecast period.

The global market for interventional cardiology devices is expected to reach USD 26.06 billion by 2020, according to a new study by Grand View Research, Inc. Growing global geriatric population base and the prevalence of cardiovascular diseases are expected to drive market demand over the next six years. Growing demand for minimally invasive procedures owing to shorter hospital stays and faster patient recovery times associated with them is also expected to enhance device demand. The introduction of technologically advanced products such as bio-absorbable stents exhibiting higher efficacies in terms of curbing re-stenosis prevalence is expected to be a key opportunity for market participants.

The global market for advanced phase change material is expected to reach USD 1,765.8 million by 2020, according to a new study by Grand View Research, Inc. Growing need to conserve energy across various industries and sector is expected to be one of the major driving factors for the market. In addition, stringent regulations imposed on various industries to reduce green house gases emission has also helped in developing the market for advanced phase change material. Consumption of APCM is expected to reduce the overall demand for energy by up to 50% by 2050. However, their high price compared to other insulating materials owing to lack of awareness among the consumers in under developed countries is expected to hinder market growth over the forecast period.

The global market for Polymethyl Methacrylate (PMMA) is expected to reach USD 10.87 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for LED flat panels and LED TVs is expected to be one of the key factors driving PMMA demand, especially in Asia Pacific, which is a major hub for electronic manufacturing. Growth of major end-use industries including electronics, automotive and signs & displays, mainly in emerging economies of China and India, are expected to boost the demand for PMMA over the forecast period. Grand View Research further observes that increasing R&D activities for developing bio-based PMMA coupled with emerging applications for optical grade PMMA in medical and healthcare, coatings and emulsions and solar power sectors is expected to drive its future market.

The global market for TPU films is expected to reach USD 624.6 million by 2018, according to a new market research report by Grand View Research, Inc. Positive outlook on the automotive industry, especially in Asia Pacific is expected to be a key driving force for the market. Grand View Research also observes that growth in application markets such as construction, railways, leisure, furniture and energy is anticipated to have a domino effect on TPU films demand over the next five years.

The global legal process outsourcing (LPO) market is expected to reach USD 8,568.5 million by 2020, according to a new study by Grand View Research, Inc. Cost effectiveness through outsourcing non-core legal activities is expected to be the key driving force for the market over the next six years. Additionally, LPO facilitates higher resource utilization, which is also expected to fuel industry growth over the forecast period.