Turbine Oil Market Expected to Grow to Over 12% by this Decade End!

Description:

Turbine oil is one of the major applications of synthetic, bio-based and mineral lubricants.  It is mainly used in Power plants, gas turbine lubrication, excavators and forklifts due to properties like high corrosion and oxidation inhibition and foam suppression.

Some of the major qualities that differentiate lubricants include viscosity index, water separation characteristics, thermal and oxidation stability, low volatility, low carbon formation, and anticorrosion. Turbine oil is very well known as a high quality mineral oil which has an excellent capacity of water separation.

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The market force: The Turbine Oil Industry is mainly driven by the soaring demand from the automobile industry.

The Turbine Oil Market can be segmented on the basis of :

•          Type,
•          Application and
•          Geography.

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Logical Estimates suggest than there will be an expected 12% growth by 2020 in the Turbine Oil Market! The total turbine oil demand is expected to be about 41.8 million metric tons, or about 13 million gallons. The growth is expected to be about 2.5% per year through 2014. The highest volume among the products is Mineral Oils which accounted for a share of 96.8% in the years 2011-2018 and is expected to be the lead in the years 2014-2020 as well.

 The bio based oil market consolidates for about 65% of the total turbine oils market. And commercial transportation is expected to be the fastest growing segment of the global turbine industry at an approximate CAGR of over 6.5% from 2014-2020.

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Categorization of groups: Almost every lubricant has started off as just base oil. They are usually categorized into groups:

      1.       Group I to III are refined from petroleum crude oil,

      2.       Group IV base oils are fully synthetic oils.

      3.       Group V is for all the other base oils not included in Groups I-IV.

Key players of this market:

1.       UBL,

2.       Total S.A,

3.       Exxon Mobil,

4.       BP,

5.       Shell and

6.       Chevron.

Geographical Analysis:

While North America and APAC were the largest consumers of turbine oils and are expected to be the market leaders during the forecasted period, Europe and ROW follow the contribution list in the Turbine Oil Market. Our report contains detailed information regarding all aspects of the key countries involved.

 Investment Opportunities Analyzed:

·         Analysis by Target companies/customers,

·         Capital Investments,

·         ROI,

·         Payback Period and

·         Source of Funds.

Other Research Insights about this market:

Dow chemical is developing a soy polyol for chemical transformations in the global turbine oil market. Vavoline was the first one to introduce engine oil (synthetic oil) in the market. One of the most promising developments for turbine oils come from DuPont/Pioneer.

More Reports of Your Interest:

Industrial Gear Oils Market (2014 – 2020); By Type (Mineral, Synthetic, Food Grade, Worm Gear Oils); By Application (Manufacturing Industry, Steel Industry, Mining, Construction, Agriculture, Energy and Others) and By Geography

http://industryarc.com/Report/1307/Industrial-gear-oils-market-analysis.html

Refrigeration Oil Market (2014 – 2020): By Oil Type (Mineral Oil, AB, PAO, PAG and POE), By Refrigerant Type (CFC, HCFC, HFC and Others), By End Product (Air Conditioner, Chiller, Cooler, Refrigerator, etc.) and By Geography

http://industryarc.com/Report/235/global-refrigiration-oil-market-research-report.html

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IndustryARC was started by a group of passionate professionals with a combined work experience of more than 20 years in the field of analytics, market research and consulting. Each one has expertise in diverse fields like Healthcare, Manufacturing, Logistics, Electronics, and Automotive etc. However diverse the expertise maybe, everyone in our team shares one common trait, we love data and we love providing solutions to clients using that data even more!

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Polycarbonate Resin Market is expected to reach 6.25 million tons by 2020, growing at a CAGR of 5.4%.

Polycarbonate (PC) resins are a type of thermoplastic resins which are formed out of ring structured aromatic polycarbonate combinations. These resins are known for their exceptional mechanical properties, and their heat and freeze resistance attributes as well. Polycarbonates find their applications in engineering are tough materials and some grades are optically transparent. Polycarbonates are also good electrical insulators and possess flame retardant properties. The material is commercially available as three broadly classified grades; injection molding, UV stabilized and optical.

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Majority of the products made out of polycarbonate resins are made by subjecting a polycarbonate resin to an injection molding process where the polymerized material hardens inside a mold until it permanently takes on its allotted shape. Polycarbonate resins cannot have low tolerance level to solvents such as benzene or acetone which are otherwise found in household cleaning products. In such cases the material is treated with a coating which can insure damage against exposure to such chemicals or even ultraviolet radiation. Such treated polycarbonate resins are considered to be of the UV stabilized grade.

One major advantage for polycarbonate resins are its unique properties with various applications. These properties of polycarbonates cannot be easily substituted with some other thermoplastics. Owing to their high density and impact strength, they have a broad range of applications in manufacturing products such as optical disks, eyeglasses, bullet proof glasses, medical equipment, automotive, aerospace and security components. 

Polycarbonates are most commonly used in manufacturing optical disks, optical wear, headlamp lenses and sporting helmets and in manufacturing high quality optical products for military grade applications. As per the latest trend of innovative wear, polycarbonates due to their light weight and electrical properties are used in development of electronic display screens that replace glass.

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Polycarbonates dominated the market for vehicle headlamp covers for more than a decade. Now with advanced tools and machinery, polycarbonate glazing is being molded into even larger parts which saves considerable weight and offers better design and styling. With the demand for fuel efficient automobiles resulting in the increased demand for lighter automobile parts, the automotive sector will be the second largest contributor to revenues for polycarbonate, but is the fastest growing market. With the increased demand for consumer electronics, moderate to good revenue growth rates for the polycarbonates industry can be projected for at least the next five years. Developing regions, such as India, South-East Asia and China will be the major contributors to the growth of consumer electronics making it the largest market for this industry.

Optical media for storage has already been substituted with other forms of data storage, thus a contracting market is witnessed for polycarbonates resin here. Some developing nations and the innovation of Blu-ray discs still has the market afloat, but overall the market has begun to decline. Polycarbonate resin in building and construction sector is driven by PC sheet in glazing and its growing demand in the Asian region. The latter stages of 2015 and its succeeding years will witness moderate prices as supply become easier, owing to increased petrochemical production and decrease in crude oil prices globally.

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Asia Pacific has been prominent in the global polycarbonate market, both on the production and consumption front. The demand for polycarbonate resins is mainly driven by developing economies such as India and China.  Bayer Material Science AG (Germany), Saudi Basic Industries Corp., Innovative Plastics (U.S.) are the major global players, these are followed by Teijin Ltd. (Japan) and constitute around 60% of the current 4.56 million tons production capacity in the market. Mitsubishi Engineering Plastics Corporation (Japan), LG Polycarbonate Ltd. (South Korea) and Idemitsu Kosan Co Ltd. (Japan) are among other major suppliers for polycarbonate resins with a strong presence in the Asia Pacific market. Europe can be considered to be one of the rapidly growing markets for polycarbonates owing to the developments in the automobile sector, followed by America.

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Organic Ingredients Potential Enough To Replace Traditional Synthetic Silicon Defoamers in the Food & Beverage Industry.

Defoamers are used in the food & beverage industry to control or stabilize the foam which is produced during the food processing. Defoamer plays a very important role as it helps in the efficient operations of the systems as well as results in faster production. As of now, Silicon dioxide is used as a defoamer in organic food & beverage industry even though it is a synthetic product. But recently, St. Louis-based RIBUS Inc. launched an alternative for silicon dioxide, called Nu-Flow which is organic in nature. Since 1990 till date, there was no alternative for synthetic defoamer like Si02, hence it was used in the food & beverage industry as an anti-foaming agent.

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RIBUS Inc. is a U.S. based company that produces non-genetically modified (non-GMO) natural, organic, vegan and gluten free rice based ingredients which are used in food & beverage industries. RIBUS has been exporting organic rice to more than 40 countries around the globe since 1992. RIBUS launched Nu-Flow in 2007, which is made up of hulls from U.S. grown organic rice. It has the same potential as the synthetic silicon defoamer. Nu-Flow, a patented clean label product of RIBUS, was commercialized in 2014 after which the sales of rice concentrate have increased more than 150% in just one year.

The U.S. organic products market grew by 11.5% and crossed $35billion mark in 2013 according to the Organic Trade Association. Nu-Flow is now also used as a flavouring agent and plating substrate in this industry. Food & beverage manufacturers are now revising their products using Nu-Flow. With the rising concerns for health and environment world along with the support of stringent government regulations, there is strong demand for organic and environment friendly products. Hence, Nu-Flow has potential to completely replace synthetic defoamer Si02 in the food and beverage industry.

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

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Manufacturers will be banned in the European Union Biocide market, if not listed in Article 95 of ECHA (European Chemicals Agency)

In order to lead a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. – Jack Welch, CEO General Electric, from 1981-2001.

This is the principle which the European Chemical Agency (ECHA) is following lately, when it recently announced a new regulation for the Biocides market. As stated in the Article 3 of Biocidal Product Regulations (BPR) under ECHA, a biocide is an element containing one or more active substances with the power of deterring the biological infestation or growth of harmful organisms. Since, these are intended to kill harmful organisms; they also pose high risk to human health. Hence, there should be a protective legacy in handling these biocides.

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Now, this is the main reason why ECHA has come up with a regulation like this. According to the agency, all the manufacturers producing biocides in the European Union (EU) should be in parity with the costs these chemicals render. The supplier of a Biocidal Product (BP) should have a dossier containing a letter of access, the adequacy of which would be checked by the authority. From September 1, 2015, in order to be a part of the EU, a BP supplier must be entitled to be in the ARTICLE 95 List, failing which, the product will be banned.

The people concerned with the above regulation are manufacturers, suppliers and industries such as oil fields, water treatment plants and more. The global demand for biocides is estimated to raise manifold. With much stricter rules and regulations, the manufacturers are looking forward for measures to control cost and bring in more innovative and natural BPs, while also taking care of all the regulations.

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today.

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3D Printing Materials Market is expected to grow at a CAGR of 29.5% from 2014 to 2020, due to its possibility to print any given object with a digital design!

3D Printing has begun to flourish in various application areas including aerospace, automobile, consumer, and medical. The materials used for these purposes vary accordingly. As per IndustryARC analysis the 3DP materials market has revenue of $351.4m as of 2013 where consumer 3D printing is the major market share of 46% in 2013. Consumer 3D printers majorly uses plastic and the consumption of plastics is expected to increase dramatically in the future as the number of consumer printers shipped are showing the trend of doubling each year till 2020 which will also affect the consumption of plastics in a positive way. Metals have unique properties which increases their demand in various applications. At present, 3D printing of metals is widely used in applications such as aerospace and defense, automobiles and so on and it is slowly penetrating into various other applications.

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Aerospace industry widely uses titanium which is very much lighter compared to other metals and has great strength. So using these parts will increase the efficiency of the spacecraft. But its use is limited because of high cost, for instance: one kilo of 3D printing titanium will cost around $200-$300 as compared with other metals such as aluminum, steel and so on. But its consumption is expected to increase not only in aerospace but also in other applications as the cost of 3D printed titanium powder is expected to fall below $100 (a kilo) as the U.K. based Metalysis have developed a cost efficient way to produce low cost titanium powder for 3D printing.

Currently, plastics are the most widely used materials in additive manufacturing due to the growth in consumer 3D printing industry and some of the important plastics include ABS, PLA, PVA and PET. ABS and PLA together accounted for 70.0% of the global 3D printing plastics market. With the invention of home 3D printers that uses plastic filaments to 3D print of any object, the demand for these materials has grown tremendously and this trend is expected to continue in the next five years.

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Metals are the strongest materials available in the market, but are extremely expensive. Metals such as: steel, titanium, aluminum, copper, silver, gold, nickel, cobalt and others. Metal 3D printing is a costly method and hence, metal materials are limited to high-end applications like aerospace and automobiles. A range of other manufacturing materials that can be used for 3D printing include: nylon, glass-filled polyamide, epoxy resins, wax and paper. This report published by IndustryARC has defined market for each of these materials with respective applications for each region and major countries. Major manufacturers of 3D printing materials like 3D Systems, Stratasys, Materialise N.V., and EOS GmbH and so on are analyzed and profiled in this report. Stratasys Ltd. and 3D Systems are the two key market players in the 3DP materials industry. While Stratasys occupies 34% of the market, 3D Systems has a market share of 32% of the global additive manufacturing materials market.

Huge investments are pouring into this industry through various sources for various research purposes, which would result decrease in prices of available products and also develop new 3DP materials in the future which would increase the demand of these products. Even various government bodies like National Aeronautics and Space Administration (NASA) and others have also started to explore the 3D printing market.Consumer 3D printing industry is growing at a rapid rate of approximately 40% compared to any other industry in 3D printing and the consumer 3D printers were expected to reach 1 million shipments in 2013 with most of its demand from North America.

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The cost of professional and industrial 3D printers manufactured by major companies such as Stratasys, 3D systems and so on are as high as $1m per unit, making it affordable for only large organizations. This has indirectly affecting the demand for industrial 3D printing metal materials as these industries which uses only metal powders. However, with the growing demand, the market will reflect in the reduction of prices for both printers and materials and is expected to see high growth in future.

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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CBRNE Equipment Contracts to Aid Private and Government Organizations!

Chemical, Biological, Radiological, Nuclear and Explosive (CBRNE) attacks, whether by the terrorists or by the malfunction of systems, would affect homeland and people. Tight security is a must in the highly crowded places like airports, government buildings, industries and so on since there is a huge chance for CBRNE attack. National as well as the International government is spending billions of dollars for the safety of its people and property. The CBRNE equipment is used by Army, Navy, Air Force, Industries Marines, civil support and others as an act of protection and security.

Top companies manufacturing CBRNE equipment are FLIR Systems Inc. (U.S.), Avon Protection (U.S.), Smiths Detection, Inc. (U.S.) and Bruker Corporation (U.S.), who cater their products to private and government organizations all over the world. In January 2015, Smiths had succeeded in supplying X-ray scanners to Al Maktoum International Airport in Dubai as a part of contract with the Emirates Group Security. Recently, in March 2015, Smiths also received an order from London’s Heathrow Airport to supply cost effective HI-SCAN 10080 XCT system baggage scanners.

More Info on CBRNE Detection Equipment:

Chemical Biological Radiological Nuclear and Explosives (CBRNE) Detection Equipment Market (2014– 2020) – By Equipment (Radiation Detectors, Spectrometers, Reconnaisance Vehicles, First Response Systems, Simulators); End User (Defense, Aviation, Government, Emergency Responders)

http://industryarc.com/Report/24/Chemcial-Biological-Radiological-Nuclear-Explosives-Market.html

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In April, 2015, FLIR launched a Versatile Wi-Fi Video Monitoring Camera with an ability of live HD streaming, useful for in-home monitoring as well as outdoor security for both of its government and private customers. The company concentrates on industrial and homeland security products and in in April, 2015 it received an order of $51.1m to supply CBRNE response kits for DoD under five-year indefinite-delivery/indefinite-quantity contract.

The manufacturers of CBRNE equipment are developing more innovative products and they are working closely with the government in order to receive long term-supply contracts. These, in turn, has led to further demand from private and public institutions and are expected to grow significantly in the next coming years. Hence, supply contracts and investments on research can aid the private and government organizations.

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Industrial Lubricant Sector to Witness Positive Growth Rate in India Due To Rise in Investments!

The Global Lubricants Market is growing rapidly, wherein India is one of the emerging markets after the U.S. and China. In terms of GDP, India is in fourth place at $1.93 trillion and growth rate is around 5.4%-5.9% according to Economic Survey in 2014-2015. The foreign countries are keen to invest in India. Recently, Gulf Oil Corporation Ltd., a subsidiary of Hinduja group, a global conglomerate company made an approach to invest Rs.120 crore to set up a 75,000-KL plant in Chennai and they are bringing new technology that has not been in India before. Gulf Petrochem Group is a leading player in the international oil sector; it is planning to invest Rs.500 crore in India to enter Rs.6000 crore lubricant market. Gulf Petrochem has already made two acquisitions recently, namely: Sah Petroleum Ltd. for Rs.95 crore and Royal Dutch Shell Specialties near Gujarat for Rs.15 crore to enter in the fuel storage terminal business in India in a span of two months.

Related Report You May Be Interested:

Industrial Gear Oils Market (2014 – 2020); By Type (Mineral, Synthetic, Food Grade, Worm Gear Oils); By Application (Manufacturing Industry, Steel Industry, Mining, Construction, Agriculture, Energy and Others) and By Geography

http://industryarc.com/Report/1307/Industrial-gear-oils-market-analysis.html

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The Lubricants industry in India is highly correlated to the GDP of the country as it provides facilities for major end users such as energy sector, chemicals, automotive, manufacturing, railways, steel and marine. In terms of market share, industrial lubricant business anticipates a significant growth rate as other end user industries. Lubricant industry in India witnesses a structural shift of volume growth to value growth. India is the third largest lubricant market globally in terms of volume after the U.S. and China. The dominant players in the lubricant industry in India are Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Castrol India limited and Shell India Markets Private Limited.  Demand for the lubricant industry in India is forecast to rise in the recent future based on latest investments.

Compared to other developed countries, the per capita lubricant consumption is low in India. However, a comparison with other developed countries like the U.S. reveals significant potential in India for growth in the lubricant consumption and therefore an upsurge in the lubricant industry as well.

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Butyl Rubber Market’s Largest Application to Remain Tyre Production during the Forecast Period!

Polyisobutylene (PIB) or Butyl rubber is a commercial rubber with unique chemical and physical properties. Butyl rubber’s impermeability to moisture and gases makes it ideal for manufacturing tubeless tires. Butyl rubber has wide range of applications including protective clothing, chewing gum and pharmaceutical medications. Butyl rubber has superior impermeability, and the long Polyisobutylene segment of its polymer chain gives it excellent flex property. In addition, butyl rubber has good chemical resistance, outstanding heat resistance, excellent aging stability, superior damping properties and excellent ozone and weather resistance. Furthermore, butyl rubber has superior electrical insulation properties, fast cure rate requiring lower amounts of vulcanizing agents and good adhesion to other types of rubber.

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Butyl Rubber is used in production of wide range of products such as tires, adhesives, sealants, tubes, inner liners of tires, additives for motor oils, adhesive tapes, sealants, stoppers for medical bottles, sports equipment and so on. This product is a co-polymer of Isobutylene and Isoprene with high electrical resistivity and greater resistance which is predominantly in used in manufacturing of tires and tubes.PIB is one of the most rapidly growing segments of the rubber industry

Market Growth Reasons:

·         Various industries use the PIB on account of its excellent impermeability, thermal stability and flexibility.

·         The growing transportation industry has facilitated the hike in the market.

·         The increasing demand for superior materials for adhesives, sealants, stoppers and similar others will drive the market in the future in pharmaceutical and adhesives applications.

·         Furthermore, the evolving environmental regulations are expected to spur innovations aiming to bring out eco-friendly products.

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Insight on Major Players:

The Butyl Rubber Market is dominated by few players which constitute more than 50% of the share in 2014. ExxonMobil and Lanxess AG are the top two players in the market, which are continuously making efforts to widen their share in the market. ExxonMobil has announced its plans in 2014 to construct a large production plant, whereas Lanxess AG has invested in China on construction of a production plant in 2013.  Asia-Pacific is estimated to witness highest growth, with China being the frontier of growth with a forecast to grow at 7.7% CAGR from 2015-2020! To mention few key players:

·         BASF SE,

·         Chevron Oronite,

·         ExxonMobil Corporation,

·         Infineum, Lanxess,

·         TPC Group and

·         Lubrizol Corporation.

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Trends:

Tires and Tubes were the largest application of butyl rubber in 2014. Different innovations and changing trends in the tire technology have led to the growing demand for Polyisobutylene in the automotive industry. Polyisobutylene is increasingly being used to manufacture durable tires. This segment constitutes 80% and is estimated to exhibit striking growth owing to the progression in automotive industry. The Adhesives and Pharmaceutical applications are forecast to showcase the highest growth in the wake of increasing demand of high elastic and high resistive products in those applications. The butyl rubbers at very high temperatures are not stable and pose risk. Innovations focused on this drawback will further propel the market. The market structure is oligopoly, where the top five constituting more than 50% in 2014.

Geographical analysis in the report:

·         North America

·         Asia Pacific

·         Europe

·         Rest of the World

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