Business

The global ceramic matrix composites (CMC) market is projected to expand with a rapid growth in the near future owing to the dynamic properties of CMC. The CMC material has equipped with superior wear and corrosion resistance coupled with higher strength retention at a high temperature which has generated the demand in sectors including automotive, aerospace and defence and so on. With the constant hike in fuel prices and demand for energy has generated the requirement for lightweight components such as CMC to improve fuel efficiency. The US Environment Protection Agency (EPA) along with other environment protection agency has outlined the standards to reduce the vehicle emissions as to improve fuel efficiency.   The governments of most of the growing economies such as India, South Korea, Mexico, Canada, Japan, Brazil and so on, have established greenhouse gas emission regulation authorities with the motive of reducing carbon emission and shifting to CMC over the ... Continue reading →

Ethyl acetate market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growth in electric vehicles further presents new opportunities for the automotive sector market where the government rising initiatives play a major factor in driving the growth of the ethyl acetate market. For instance, in 2020, the United States Environmental Protection Agency (EPA) proposed technical changes to emissions testing protocols and compliance calculations for the Light-duty Greenhouse Gas (GHG) Emissions Standards and Fuel Economy Standards to provide a smooth transition from using test fuel with 0% ethanol (E0) to test fuel that contains 10% ethanol (E10).  Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in March 2021, Celanese Corporation announced that its Clear Lake, Texas incorporated chemical production plant will start using recycled carbon dioxide (CO2) as a ... Continue reading →

Ethylene Carbonate Market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growing adoption and demand for electric vehicles (EVs) is boosting the demand for ethylene carbonate, as it is used in Lithium battery. Lithium-ion battery electrolytes are used as crucial materials in the production of rechargeable batteries for EV. Ethylene carbonate is extensively used in the manufacturing process of such electrolytes because of its highly polar attribute. According to the World Economic Forum, in 2021, EVs accounted for 4.2% of light vehicle sales in 2020, almost double 2019 2.5%. Additionally, countries including Norway, Iceland, and Sweden are accounted for 74.8%, 45% and 32.2%, respectively in 2020 for plug-in EV segment. Sales of EVs doubled in 2021 from the previous year to a new record of 6.6 million. Nearly 10% of global car sales were electric in 2021, four times the market share in 2019. This brought the total number of electric cars on ... Continue reading →

What are pipe fittings? Pipe fittings are a general term for the parts in the pipeline system that play a role in connecting, controlling, changing direction, diverting, sealing, supporting, etc.   Steel pipe fittings are all pressure-bearing pipe fittings. According to different processing techniques, they are divided into four categories, namely butt welding pipe fittings (with and without welds), socket welding and threaded pipe fittings, and flange pipe fittings. Classification of pipe fittings: There are many types of pipe fittings, which are classified according to their uses, connections, materials, and processing methods. According to use: 1. Pipe fittings used to connect pipes to each other include: pipe flanges, unions, pipe hoops, clamps, ferrules, hose hoops, etc. 2. Pipe fittings that change the direction of the pipe: pipe elbow, bend pipe 3. Pipe fittings to change the diameter of the pipe: pipe reducer, reducing elbow, branch pipe stand, ... Continue reading →

What is a pipe reducer?   Pipe reducers are also called reducing straight-through, reducing short pipes, and are commonly known as steel butt welding large and small heads. They are a type of steel butt welding pipe fittings. They are used to connect two different diameter pipes. The role of transition between caliber pipe welds. It is divided into two categories: concentric large and small heads and eccentric large and small heads. How many types of steel pipe reducers are there? What are the process differences? Classification of pipe reducer shapes: (1) Concentric large and small heads. The large and small heads with the center of the circle on a straight line are called concentric large and small heads. (2) Eccentric large and small heads refer to the large and small heads where the center of the circle is not on the same straight line. Its function is to run pipelines against the wall or the floor without taking up space, and to connect two pipes of different ... Continue reading →

The epoxy resins market is anticipated to grow at a CAGR of 6.8% during the forecast period. Epoxy resins are widely accepted owing to their properties such as sleek appearance, durable quality, and great protection for the variety of applications. Additionally, a number of industries are now preferring to use epoxy resins as an adhesive in place of screws, bolts, and nuts for the component assembly owing to the epoxy resins' ability to adhere to a wide variety of materials. This is anticipated to significantly drive the shares of the epoxy resins market during the forecast period. Moreover, increasing use of composites by end-user industries is also expected to significantly drive the growth of the epoxy resins market. However, the volatility experienced in the raw materials will hamper the growth of the epoxy resins market during the forecast period. In addition to this, the adverse health effects caused by the toxic fumes released during the application of epoxy resins is also ... Continue reading →

The global hydraulic fracturing market is anticipated to grow at a CAGR of 7.6% during the forecast period. Hydraulic fracturing is also known as fracking. It is a technology in which the fluids including water, chemicals, and sand are pumped into the well at a high injection level to break down the oil reservoirs. It is generally used to enhance the production of oil and gas reservoirs to keep the well sticky. The major factor driving the growth of the global hydraulic fracturing market during the forecast period is the increasing shale exploration and production activities across the globe. According to the US Energy Information Administration (EIA), in January 2020, oil production from seven major shale formations witnessed a rise of about 29,000 barrels per day (BPD), which is 9.14 million barrels per day of shale oil production. Additionally, as per the same source, shale oil production in the US would increase by 27% by 2050. Another major factor that is bolstering the ... Continue reading →

Biocides market is anticipated to grow at a CAGR of 5.2% during the forecast period. Biocides are widely used in the production of antimicrobial disinfectants, sterilizers, and sanitizers that aids in stopping or eliminating the spread of disease and infections. Biocides are also widely used as a disinfectant of the machine equipment in the industries. In addition to this, biocides are also being used in the treatment of drinking water, which reduces the risk of many diseases such as typhoid fever, cholera, and various other waterborne diseases. The aforementioned reasons are anticipated to positively impact the growth of the biocides market during the forecast period. Moreover, the use of biocides also aids in extending the shelf lives of the products and promotes sustainability by reducing waste. Hence, the antimicrobial biocides are utilized widely to preserve woods from decay caused by pests, mold, and mildew which in turn is expected to drive the biocides market shares. However, ... Continue reading →

The global shale oil market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. Surging investments from the private and public sectors focusing on establishing the footprints in shale oil market along, with the growth in demand for fuel & electricity support the growth of the market. For instance, in May 2023, Saudi Aramco has awarded $10 billion to its Jafurah project. With this investment the Jafurah gas field will place the Kingdom third in the world in natural gas production by 2030. Such developments are anticipated to drive the global shale oil market.  Additionally, market players such as Chevron Corp., Royal Dutch Shell plc, Marathon Oil Corp., Occidental Petroleum Corp., and Exxon Mobil Corp. among others are adopting various strategies such as partnership, collaboration, funding and investment to upscale their presence in the global market. For instance, in March 2023, YPF announced its plans to spend $2.3 billion on shale ... Continue reading →

The global Oxo alcohols market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. Increasing demand for plasticizers will propel the market growth. Plasticizers are used as additives to enhance the product's plasticity or cohesiveness. Most plasticizers are predominantly used to manufacture polyvinyl chloride products, which can be used in a variety of applications such as flooring, PVC films, and wire & cables. Therefore, growing usage of plasticizers will significantly influence the market growth due to their strong foothold in the polymer industry. Plasticizers, when added to polymers, increase viscosity, compressibility, and reduce molecular attraction among polymeric chains, making the polymers more flexible and long - lasting; thus, rising demand for Polyvinyl chloride, versatile wallboard, plasticizer-based concrete, and ester-based plastic materials is expected to drive the Oxo alcohols market growth in the near future.  ... Continue reading →