ReleaseWire Connect

Global propane market is anticipated to witness significant growth over the next six years on account of increasing demand from central heating and LPG end-users. Increasing application scope of propane as automobile fuel coupled with lucrative growth in vehicle sales in emerging countries including India, China and Brazil is further expected to propel the market growth over the forecast period. Technological advancements in internal combustion engines is anticipated to open several growth opportunities for the market in major applications including propane fuelled vehicles, irrigation pumps and commercial lawn mowers over the next six years. Increasing application scope of propane in plastic manufacturing is also anticipated to fuel market growth over the forecast period. Furthermore, high demand for plastics from various end-use industries including automotive, aerospace and transportation is further expected to have positive impact on propane market growth over the next six years.

Rising yield improvement, cost reduction and performance enhancement demand in the end-use industries is projected to drive the global specialty gas market over the next six years. Automotive, healthcare, semi-conductors, electronics, academics and manufacturing are major specialty gas end-use industries. Increasing innovative specialty gas applications demand in plasma displays and photovoltaic cells are touted to aid the global market over the forecast period. Growing healthcare industry in Japan and U.S. characterized by aging population is expected to further aid in market growth and development. Threat of substitutes coupled with stringent regulations & guidelines is anticipated to challenge the global market growth. Plethora of end-use industries promises continuous opportunities for the industry participants. Massive infrastructure opportunities in Asia Pacific and Latin America promise abundant opportunities for the market participants. Brisk increase in automotive and electronics consumption in the emerging regions offers rich opportunities for the market over the next six years.

Global calcium carbonate market is expected to witness substantial growth owing to application growth in papers, polymers and concrete industries. Increased government expenditure on infrastructure improvement in BRICS and Middle East countries is expected to promote the use of polymers and concretes, thus, fueling calcium carbonate demand. Calcium carbonate also finds use in dietary supplements, flue gas desulfurization, toothpaste production and food preservatives. Gaining importance of industrial fillers in petrochemicals and rubber production is expected to augment demand for GCC (ground calcium carbonate) and PCC (precipitated calcium carbonate). Increasing awareness regarding personal hygiene in emerging markets of China, India, Brazil and Middle East countries is expected to augment demand for tissues and packaging paper, which is expected to fuel calcium carbonate market over next six years.

Sodium lauryl sulfate (SLS) market is expected to witness significant growth owing to growing use in applications such as foaming agent and cleaner in detergents and various skin care products. Growing demand for detergents & cleaners is expected to propel demand for SLS over the next six years. Increasing demand for toothpastes, shampoos, soaps, bath products and moisturizers is expected to augment market growth over the forecast period.

Surge in demand for alcoholic and non-alcoholic beverages is presumed to drive the global starter culture market growth over the next six years. Fermentation initiation, flavoring, coloring and texturing of beverages are some key starter culture applications. Bacteria, mold, and yeast are starter culture types, while alcoholic and non-alcoholic beverages are the starter culture end-use applications. Alcoholic beverage dominated the starter culture applications market over the recent years. Non-alcoholic beverage market, though small at present, is expected to witness significant growth over the next six years. Yeast led the alcoholic beverage applications while bacteria dominated the non-alcoholic segment. Rising awareness regarding the positive starter culture health benefits coupled with innovations such as genetically modified starter cultures are presumed to aid the global market growth. Stringent regulations on microbial growth conditions coupled with volatile raw material prices are anticipated to challenge the market. Research on innovative yeast production methods and technological advancements offer requisite opportunities for the market participants. Growing demand for nutritive and functional beverages is presumed to open up further opportunities for market development.

Bioplastic packaging market is expected to witness significant growth over the next six years on account of increasing packaging industry coupled with existence of stringent regulations for petroleum based plastics. Increasing consumption of bioplastics in various packaging applications mainly in beverages, organic foods and disposable utensils is expected to drive demand over next six years. Europe was the largest regional segment and accounts more than half of the global market share owing to its stringent regulations against the use of non-recyclable plastics and favorable consumer base towards sustainable packaging.

Growing processed food consumption and increasing premium edible oil demand is projected to positively influence the global fats & oils market over the forecast period. Extensive fast food consumption and surge in demand for processed food is expected to bolster the market growth. Increasing disposable income among consumers in emerging economies is anticipated to have positive influence in overall market growth. In addition to the dominant food industry end-use, a shift towards chemical, industrial, animal feed, cosmetics and pharmaceutical applications is presumed to further aid the global market demand. Rising health concerns regarding the adverse effect related to excessive fats & oils consumption is anticipated to hamper the market growth. Stringent health & safety regulations and rising raw material prices are slated to further hamper the fats & oils market over the next six years. R&D investments to develop trans fat substitutes and innovative applications such as bio-diesel production promise vast opportunities for the global market participants.

Fatty alcohols market is expected to witness swift growth over the forecast period on account of the growing demand for detergents and surfactants. Fatty alcohols perform functions such as lubrication, floatation and emulsification. The market is expected to witness significant growth on account of increasing application in food, metal working, personal care, textile processing, pharmaceuticals, pulp & paper and agriculture industries. In addition, emergence of sustainable and biodegradable products is expected to propel market growth over the next six years. Moreover, supportive regulatory framework for biobased products to reduce green house emissions is further expected to drive demand over the next six years.

Global industrial coatings market is expected to witness growth owing to increased importance of corrosion resistance, high temperature performance and enhanced service life in automotive, marine, construction and oil & gas industries. Technological development in solvent borne and powder coatings is expected to play a crucial role in promoting industrial coatings market growth over the forecast period. Regulatory support aimed for reducing VOC emission is likely to fuel eco-friendly coatings demand, and is expected to have a positive impact on industrial coatings market in the near future.

Increasing demand for real time and accurate point of care disease diagnostics and therapeutics has lead to the development of portable medical devices market. Portable medical devices allow healthcare practitioners to maintain critical patient data which can be studied and analyzed at the time of emergency. Moreover, technological advancements has lead to the development of wireless technologies such as Wi-Fi, Bluetooth, ANT+ and ZigBee which can be incorporated to portable medical devices. As a result of above mentioned technological advancements physicians and healthcare practitioners are able to monitor patients from a remote location on their PCs, tablets and smart phones. Furthermore, growing demand for point of care diagnostics and therapeutics coupled with rising geriatric population are expected to be the critical success factors for the growth of portable medical devices market over the six years.