Ammonia Market Projected to Reach a value at US$ 73.84 Bn by 2025

Persistence Market Research has come up with a new publication titled “Ammonia Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),” with forecasts for the global ammonia market for a period of eight years, i.e. between 2017 and 2025. The global ammonia market is likely to witness a steady growth and is estimated to account for US$ 57.06 Bn by the end of 2017, expanding at a CAGR of 3.3% during the projected period. At the end of the assessed period, i.e. by the end of 2025, global ammonia market is expected to be valued at US$ 73.84 Bn. Growth in the market is expected to be driven by increasing consumption of fertilizers in the current scenario. To seek opportunities in untapped markets of Asia Pacific and Latin America is the key strategy of global players in the ammonia market.

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Global Ammonia Market: Drivers

• Robust growth of mining operation in the region
• Growing demand from fertilizers
• Rising demand from the agrochemical industry
• Growing agriculture and mining sector
• Fertilizer Industry is the major consumer market, particularly in MEA
• Government subsidy on certain fertilizers, mainly in India

Global Ammonia Market: Forecast by Product

On the basis of product type, the global ammonia market is segmented into anhydrous ammonia and aqueous ammonia. The anhydrous ammonia segment’s revenue share is expected to be on the higher side due to high demand for the product, due to two reasons – the first being its availability in the gaseous form and the second being its low cost as compared to aqueous ammonia. On the other hand attributing to niche applications and limited scope of consumption of aqueous ammonia as compared to anhydrous ammonia, the segment is considered to have a lower market attractiveness index with respect to its counterpart.

Global Ammonia Market: Forecast by Application

On the basis of application, the global ammonia market is segmented into MAP (Mono-ammonium Phosphate), DAP (Di-ammonium Phosphate), urea, nitric acid, ammonium sulphate, ammonium nitrate and Others. Urea segment, by application segment, is anticipated to witness maximum value CAGR of 3.6% in the global ammonia market and this segment is expected to consistently lead in terms of value over the forecast period. This can be attributed to the higher use of fertilizers in many regions, in order to enhance the quality and quantity of production of crop. However, among the various varieties of fertilizers, urea consumption is maximum, followed by other agrochemicals, such as MAP, DAP, and ammonium nitrate, among others.

Global Ammonia Market: Forecast by End Use

On the basis of application, the global ammonia market is segmented into industrial chemicals, agro chemicals, explosives, others. Agrochemicals segment is expected to continue its market dominance over the forecast period. The agrochemicals segment followed by the explosives and industrial chemicals segments is expected to be on higher side of market share because of the maximum demand for fertilizers, as the agricultural sector is growing in many regions, and also due to the increasing mining activities in various regions. Agrochemical segment is expected to account for a 51.4% share in the total global ammonia market by 2025.

Global Ammonia Market: Forecast by Region

The global ammonia market has covered five regions namely, North America, Latin America, Europe, APAC and MEA. APAC is a significant market for ammonia in terms of market value, accounting for 52.4% revenue share in 2025. APAC region is estimated to hold comparatively high market in terms of market value and was valued at US$ 28.28 Bn in 2016. This growth can be attributed to the high consumption of ammonia for various applications, especially for agrochemicals and explosives. The region is expected to remain the dominant market over the forecast period. The market is expected to expand at a CAGR of 3.6% over the forecast period. APAC will be followed by Europe and North America.

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Global Ammonia Market: Competitive Landscape

Some of the key players in the global ammonia market are included in this report. They are- Yara International ASA, CF Industries Holdings, Inc., Potash Corp, Orica Limited, Incitec Pivot Ltd., Mitsubishi Gas Chemical Co., Inc., Praxair., Inc., Achema AB, Linde Group, Jiangsu Huachang Chemical Co., Ltd., Koch Fertilizer LLC, SABIC, BASF SE, The Dow Chemical Company, Toggliazot PJSC, OCI Nitrogen, Haifa Chemicals Ltd., CNPC (China National Petroleum Corporation), Trammo, Inc., and Haldor Topsoe A/s.

Steep Slope Roofing Materials Market to Exceed US$ 14,500 Mn by 2022

Steep slope roofs are the kind of roofs which have a slope of 3:12 or more. That means for every 12 horizontal inches, the rise in the height of roof is 3 inches or more. Such type of roofs having a steep slope are usually preferred by home owners and architects alike as they add beauty to the elevation of the building and are also good in their performance. Steep slope roofs provide an enhanced aesthetic appeal to the building, possess a long service life, resists the elements of nature and can be maintained easily. 

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Also, due to the steep slope of the roof, it doesn’t allow the water to get collected on the roof, and the water is able to drain out easily from the roof. The growth in the market for steep slope roof materials is directed related to the growth in the construction industry. With the rise in disposable incomes and an increase in the overall economic activity, the construction industry has benefitted, giving a fillip to the steep slope roofing materials market. However, contrary to this, the economic slowdown in certain regions of the world has negatively impacted the construction industry, consequently hampering the growth of the steep slope roofing materials market as well.

The global steep slope roofing materials market is slated to touch a value of about US$ 14,630 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.

4 Forecast Highlights on Global Steep Slope Roofing Materials Market

• As per the forecast of Persistence Market Research, the tiles material type segment is slated to touch a value of nearly US$ 1,850 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The tiles material type segment is estimated to account for more than one-tenth of the revenue share of the material type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the re-roofing segment will reach a value of nearly US$ 9,350 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The re-roofing segment is forecasted to account for nearly three-fourths of the total revenue share of the end-market segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the strips form type segment is slated to reach a value of nearly US$ 2,890 Mn in 2022. The strips form type segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the strips form type segment.
• Persistence Market Research forecasts the United States steep slope roofing materials market to exhibit a compound annual growth rate (CAGR) of less than 3% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the steep slope roofing materials market like Atlas Roofing Corporation, Malarkey Roofing Products, Tarco, Inc., Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., CertainTeed Corporation, TAMKO Building Products, Inc., IKO Industries, Ltd. and Henry Company LLC.

Color Masterbatches Market to Grow at CAGR of 5.1% through 2022

Color masterbatches are combinations of pigments and additives that are used in various applications, for instance, roofing, storage containers, cables, electronics, cosmetic objects, toys, belts, silage sheets, pipes etc. They have numerous benefits owing to which several synthetic fiber and plastic producers use color masterbatches – they come in form of pellets which makes it easier to apply, store or move as compared to powdered pigments, it is easier to handle and feed the color concentrates during manufacturing where color masterbatches are used, binding agent used in the masterbatches can be easily matched to the polymer which is used for enhanced melt processing, they offer good control on transparency as well as opacity of colored objects and special effects can be added to enhance color thus distinguishing between different objects. Moreover, for certain applications, polymer material needs special properties like UV balance, surface resistivity, optical brightness, enhanced transparency, avoiding yellowing, flame retardation and scratch resistance, with a view to achieve improved performance, which is provided by color masterbatches. These factors have favored the expansion of the global color masterbatches market in recent years.

According to Persistence Market Research, the global color masterbatches market is projected to grow at 5.1% CAGR during the period of assessment, 2017-2022.

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5 Key Highlights on the Global Color Masterbatches Market

• Europe region to show positive growth during the assessment period. it is anticipated to witness moderate growth during 2017-2022 period and is expected to dominate the global market in terms of high market share
• Asia-Pacific excluding Japan (APEJ) region shows high potential due to increased adoption of color masterbatches in various industries such as packaging and automotive. China and India are major contributors to the growth of color masterbatches in the APEJ region, making it a potential region for the color masterbatches market. Several manufacturers are investing in this region to develop manufacturing plants due to low cost, high labor availability and increasing demand for color masterbatches
• In the application category, the scratch and mar additives segment is anticipated to ascend at a higher CAGR of 5.8%. The growth of this segment can be attributed to the anti-scratch property that color masterbatches deliver which is widely used on polymers to perform special functions especially in interiors of car, consumer goods and electronic devices
• Marine segment by end user category is projected to witness fast pace to register a robust 5.9% CAGR followed by electronics and electrical segment during the period of forecast. However, color masterbatches are widely used in packaging segment, which leads the global market
• Standard color and specialty color masterbatches are anticipated to witness similar growth pace during the assessment period; but standard color masterbatches have experienced higher revenue than specialty color masterbatches during 2016 -2017 and is likely to continue this trend in the coming years. However, tailor-made color masterbatches are projected to experience high market share by the end of 2022

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The research report has also profiled key players in the global color masterbatches market. These include players such as Marval Industries Inc., RTP CO, Americhem, Uniform Color Company, Inc., Cabot Corporation, Ferro-Plast Srl, Standridge Color Corporation, Techmer PM Inc., Ampacet Corporation, Clariant AG, A. Schulman, Polyone Corporation and BASF SE.

Building Products Market: Plaster building products market is poised to grow at a CAGR of 5.3% by 2025

An exhaustive market evaluation put forth by Persistence Market Research on building products (including drywall) market in its new research publication “Building Products (Including Drywall) Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” focuses on the impact of drivers, challenges, restraints, trends and opportunities on the global market along with key player analysis during the 2017-2025 period. An in-depth market segmentation is included in the research report using which the value and volume analysis of various categories is possible during the period of forecast across important geographies of North America, Europe, Latin America, Asia Pacific (APAC) and Middle East and Africa (MEA).

Global Building Products (Including Drywall) Market: Forecast

The global building products market is poised to reflect a moderate CAGR of 5.2% during the period of forecast. It is expected to reach a value of around US$ 49 Bn by the end of 2025 from a value of US$ 33.16 Bn in 2017. The global drywall market is anticipated to register a steady growth rate and exhibit a CAGR of 4.2% during the period of forecast, to reflect a value of US$ 27 Bn by the end of 2025 from a value of US$ 18 Bn in 2017.

Global Building Products (Including Drywall) Market: Segmental Analysis

Global plaster building products market is poised to grow at a CAGR of 5.3% throughout the forecast period to reflect a value of about US$ 37 Bn by the end of 2025. Gypsum building plasters sub segment is expected to contribute to the growth of the plaster building products market by reflecting a higher CAGR of 5.9% followed by cement sub segment, which holds significant market share by revenue. The gypsum segment has the highest market share thus witnessing dominance.

Global skim coats building products market is expected to reach a value of US$ 2.9 Bn by the end of 2025 with a CAGR of 6.5% during the forecast period. The polymer sub segment is poised to reflect the highest growth rate to reach a CAGR of 7.3% followed by gypsum and cement throughout the forecast period. Lime sub segment is poised to witness sluggish growth throughout the forecast period.

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Global filling compound building products market is expected to reflect a volume CAGR of 5.2%. The polymer sub segment is expected to reflect a volume CAGR of 5.7%, and is expected to be the fastest growing segment in terms of both value and volume.

Global render building products market is poised to reach a value of about US$ 8.6 Bn by the end of 2025, with a high CAGR of 5.8% throughout the forecast period. The cement sub segment is expected to be the fastest growing in the render building products market to reflect a CAGR of 6.1% during the period 2017-2025, followed by the polymer sub segment.

Residential segment by end user is poised to be the fastest growing segment, reflecting a CAGR of 5.7% during the forecast period and reaching a market value of about US$ 24 Bn by the end of 2025, thus dominating the market.

Asia Pacific is the fastest growing region, also dominating the global market with respect to market share. The APAC region is poised to reflect a higher growth rate to register a CAGR of 6.2% during the forecast period. The region dominates the global market with an estimated market value of about US$ 24 Bn by the end of 2025.

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Global Building Products (Including Drywall) Market: Competitive Landscape

Persistence Market Research has analyzed all key tier companies involved in the global building products (including drywall) market. Companies such as Akzo Nobel N.V., PPG Industries, Inc., Sto SE & Co. KGaA, USG Corporation, Compagnie de Saint-Gobain, China National Building Company Limited, Rockwool International A/S, Ardex, Knauf Gips KG, Kerakoll Group, PCI Group, Parex Group SA, Mapei S.p.A, PABCO Building Products, LLC, Etex S.A., Baumit GmbH, Toupret, Caparol, JUB Group and Ceresit are featured in the report.

Nonylphenol Market is Progressing Towards a Strong Growth by 2025

Nonylphenol Market: Introduction

Nonylphenol is an organic compound which belongs to the category of alkylphenol group. Nonylphenol is a colorless to pale yellow, viscous liquid, having a characteristic smell. Generally, Nonylphenol is manufactured by the alkylation between phenol and nonenes mixture in presence of acid catalyst. Nonylphenol can be the branch or linear chain compound, however, branched Nonylphenol are industrially preferred and depend upon the attachment of nonyl group to phenol i.e. on 2 or 4 (para) position, Nonylphenol are categorized. Nonylphenol is also further processed in order to produce nonylphenol ethoxylates (NPE) which is non-ionic in nature owing to which it is predominantly used as emulsifiers, detergents, antioxidant, cleaners and in several other industrial application.

Furthermore, Nonylphenols are used as chemical intermediate/ precursor in the manufacturing of phenolic oximes, phenolic resins, epoxy resins, paints, additives for tire industry and for the mining industry, among others. However, half-life period of Nonylphenol is around 60 years that indicate the slow rate of Nonylphenol degradation. As, many products such as detergent, soap, etc. contain Nonylphenol owing to which even in sewage treated water contained Nonylphenol that further accumulated in agriculture land and caused an effect on its fertility. Thus, many countries have restricted limits for the Nonylphenol amount in the manufacturing. 

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Nonylphenol Market: Dynamics

Growing demand for the detergent/ surfactant in various end-use industries as well as in domestic application across the globe is expected to drive the demand for the Nonylphenol. Being the major precursor compound for the resins manufacturing coupled with the growing market of polymer and plastic that subsequently resulted in increase in demand for Nonylphenol. Furthermore, increasing per capita expenditure and the personal care and cosmetic products wherein the Nonylphenol compounds are used in manufacturing, in turn, boost the market demand.

Apart from this, government regulations in the developed region such as in Europe and US and initiative for the sustainability development that leads to increasing in demand for biodegradable compound owing to which Nonylphenol market growth may get hampered. However, a major manufacturer of Nonylphenol is focussing on an enhancement of production facility and presence in a major market such as India, China, etc. as Nonylphenol find usage in a variety of applications. Thus, many countries had imposed an antidumping duty on the Nonylphenol in order to support the domestic manufacturer.

Nonylphenol Market: Segmentation

On the basis of Function, global Nonylphenol market is segmented into;

• Antioxidant
• Emulsifier
• Cleaning
• Surfactant/detergent
• Others

On the basis of Application, global Nonylphenol market is segmented into;

• Polymer & plastic
• Chemicals
• Textiles
• Cosmetics & Personal Care
• Household Products
• Paper & Pulp
• Others

Nonylphenol Market: Regional Outlook

In terms of production and consumption, the global Nonylphenol market is dominated by the Asia Pacific region (APAC). The growth of end-use industries such as chemical, textiles, Personal care, cosmetics and polymer industries is prompt in the APAC region coupled with the increasing per capita spending has translated into an increasing demand for Nonylphenol. In the APAC region, China, followed by India is a major market for Nonylphenol in terms of value and volume. The APAC Nonylphenol market is expected that register a significant CAGR over the forecast period.

North America and Europe collectively hold the second spot in terms of market share. Rising demand for surfactant, emulsifier, and chemical synthesis applications in North America and Europe are expected to increase the demand for Nonylphenol over the forecast period. In Europe, Western Europe dominates the Nonylphenol market in term of consumption. However, government regulation in North America and Europe may effect on the growth of Nonylphenol markets.  North America and Europe Nonylphenol market are expected to register steady growth over the forecast period. The MEA and Latin America Nonylphenol market are projected to register slow growth over the forecast period.

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 Nonylphenol Market: Market Participants

Examples of some of the market participants in the global Nonylphenol market, identified across the value chain include, Huntsman International LLC, Dover Chemical Corporation, SI Group, Inc., PCC Group, China Man-Made Fiber Corporation, FORMOSAN UNION CHEMICAL CORP., and Jiangsu Jiafeng Chemical Co., Ltd., among others