Crawler Tractor Market Future Scope Analysis Featuring Industry Top Key Players By 2026

 The global crawler tractor market size is expected to reach USD 3.94 billion by 2026 according to a new study by Polaris Market Research. The report “Crawler Tractor Market Share, Size, Trends, Industry Analysis Report By Type (Low HP, High HP); By Application (Agriculture, Construction, Mining, Forest, Other); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Elevated demand for advanced machinery, including agriculture, mining, forestry and construction, is driving the global market. In order to develop and improve the capacity and applications of present tractors, firms operating in this sector are conducting rigorous studies. Continuous innovation in technology and product launch allows companies to gain a competitive edge and to boost their sales. Moreover, the need for these systems in several fields is driven by increased maintenance and installing activities for rebuilding infrastructure in combination with road construction activities.

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Moreover, the developments in agriculture have increased demand for modern equipment in order to enhance productivity. This is also seen as one of the principal factors contributing to the growth of crawler tractors. However, during the forecast period, the elevated expenses of crawler tractors will probably diminish market growth, along with the absence of skilled laborers to use these large and powerful machines.

Over the centuries, the crawler tractor has established itself as a heavy duty operations solution. Crawler tractors generally use heavy duty tracks instead of pneumatic tires for plenty of activities than standard tractors, allowing their weight to distribute them far more evenly across the earth and allowing them to reach regions in which rubber tires fail to perform. Due to the large surface area, they are considerably more stable while operating slower than the average tractor and are significantly less likely to sink to soft surfaces. A crawler tractor has the advantage of having a much wider range than a wheeled tractor to spread its weight. The soil is not as tight as a wheeled tractor with a crawler. In agriculture, where the ground is compacted, this is monumental. This has resulted in its comprehensive use in agriculture, one of the major vertical sectors that drives the global market.

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The global market for crawler tractors was dominated by the construction industry. Most tractors are used to move and design heavy earth. A blade or crane attachment is provided for the base monitoring chassis. Many tracked vehicles are also used in agriculture. In fields where a rolling vehicle could not cross, the tractor is accountable for efficient building projects. This resulted in its dominant use in the construction sector.

North America was the dominant market for crawler tractors in 2018 and hold the largest market share in the global market. The important factor attributed to this major market size is that advanced methods are increasingly being implemented to make human job a lot easier. While this region dominates the market, steady growth in this region is anticipated. The majority of the countries of Europe and Asia-Pacific are expected to experience rapid growth in the global crawler sector.

The primary industry players include John Deere, Liebherr Group, Caterpillar Inc., Case IH, New Holland, Chetra, Dressta, HBXG, Hitachi, Komatsu, Mitsubishi, YTO, Kubota, DEUTZ-FAHR, CLASS, AGCO Corp, Shantui, among others. Emerging economies such as India and China are considered to be the major markets due to continuous development in construction and mining, thus giving major companies to expand their operations. This can be seen with major companies expanding their operations in these regions along with many local or regional players coming with new products for the local market.

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Cosmeceutical Market Growth Opportunities, Cost and Gross Profits, Key Manufacturers and Regional Outlook

 The global cosmeceutical market size is expected to reach USD 98.7 billion by 2026 according to a new study by Polaris Market Research. The report “Cosmeceutical Market Size, Share & Trends Analysis Report By Product Type (Skin Care, Hair Care, Oral Care), By Distribution Channel (Supermarkets & Specialty Stores, Online Platform), By Region, And Segment Forecasts, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for cosmeceuticals includes the growing category of cosmetic products with drug-like advantages. These products are rapidly outperforming the growth rate of all other product sections in the personal care and cosmetics sector. The various kinds of cosmeceuticals on the market include lip care, hair care, whitening of the tooth, skin care, injection and others. Of these, the section of skin care retains a major share and is followed by the segment of hair care. Anti-aging products are most common in the skin care segment, resulting in peak gross revenue.

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Some of the key players in the market are AVON, Procter & Gamble, Croda International Plc., L’Oréal, Corporation, Beiersdorf, Johnson & Johnson, Allergan, Unilever, Estee Lauder Inc, BASF SE, and Bayer AG among others.

Over-the-counter cosmeceutical medicines are accessible and are usually used as part of daily routine skin care therapy to improve texture, acne, pigmentation, skin tone, and fine lines. Some of the prevalent components used in cosmeceutical products are retinoids, antioxidants, exfoliants, peptides and proteins, and botanical extracts.

Growing consumer awareness of appearance, increasing preference for natural / organic goods, increasing disposable income in emerging economies, the accessibility of technologically sophisticated and user-friendly cosmeceutical products are driving this market’s development. On the other side, it is probable that deceptive marketing methods will restrict market growth. It is anticipated that the increasing number of middle-aged people, a fast-paced life and a burgeoning urban population will further drive market demand. Also stimulating development was the availability on the market of a plethora of superior quality and premium price cosmeceutical products.

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Cosmeceuticals products are used in a host of other tasks, such as tooth whitening, skin irritation, skin lightening. Putting a roadblock on the worldwide cosmeceuticals market’s development route is the fast development of various therapy alternatives. The emergence and popularity of natural and organic products is a main trend observed on the worldwide cosmeceuticals market.

In addition, females are constantly struggling with sedentary and hectic lifestyles of working, so they get far less time to put on daily makeup. This has forced them to purchase medicinally-advantaged cosmetic products to prevent using make-up. In addition, customers worldwide are conscious of the skin’s benefits of antioxidants, organic ingredients, and peptides. Increasing beauty and health awareness among rich and knowledgeable customers has therefore resulted in increased market growth.

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Breast Cancer Therapy Market 2020 Evaluation of Recent Industry Development

 The Global Breast Cancer Therapy Market is anticipated to reach USD 29.6 Billion by 2026 according to a new research published by Polaris Market Research. In 2017, the targeted therapy segment dominated the global market, in terms of revenue.

 

Breast cancer is a disorder which is observed as malignant cell growth in the breast area. Such cancer can start at the breast tissue, ducts, or the lobules. In general, cancers developing from lobules are known as lobular carcinomas while cancer developing from the ducts are known as ductal carcinomas. The symptoms of cancer include dimpling of the skin, lumps, alteration in the breast size and impeding of fluid coming from breast. Generally, breast cancer is observed as the common disease in women over the age of 50. Moreover, the breast cancer is second most common disorder among all cancer types. This disease can be diagnosed and controlled by imaging test, physical tests, biopsy and appropriate care.

 

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The global breast cancer therapies market is majorly driven by increasing occurrence of breast cancer cases across the globe. Rising number of breast cancer cases are related with early menarche, protracted exposure to endogenous estrogens, late menopause and late stage at first childbirth which all are anticipated to render high impact on the market growth. In addition, launch of several screening and diagnostic programs and increasing advancement in technology are other factors expected to make a remarkable growth in the market. Moreover, increasing occurrence of obesity in women after menopause, increasing consciousness regarding breast cancer, and lifestyle risk factors (alcohol consumption and smoking) are other circumstances expected to drive the growth in global breast cancer therapies market.

 

Geographically, North America accounted for the largest share in the global breast cancer therapies market in 2017. The dominance is majorly owing to the increasing R&D funding through private and public organizations along with growing prevalence of breast cancer in the region. Moreover, increasing geriatric population majorly in U.S. and, breast feeding termination at an early stage are factors stimulating the risk factors for breast cancer development which in turn is expected to support the growth of breast cancer therapies market in North America region. Asia Pacific breast cancer therapies market is expected to grow at significant rate during the forecast period due to increasing occurrence of disease coupled with increasing rate of lifestyle changes and health risks associated with it. Moreover, increasing adoption of technology, refining economic settings, and rising awareness regarding disease preventions are other factors boosting the breast cancer therapies market growth across Asia Pacific region.

 

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The leading companies profiled in the Breast Cancer Therapies Market report include AstraZeneca, Bayer AG, Danaher, Bristol Myers Squibb, Eisai Co., Ltd., Merck & Co., Novartis AG, Novocure, Pfizer Inc., and F. Hoffmann-La Roche AG. 

 

Cardiac Rhythm Management Devices Market 2020 Evaluation of Recent Industry Development

The global cardiac rhythm management devices market size is expected to touch USD 35.22 billion by 2026 growing at a CAGR of 7.5% from 2019 to 2026, Cardiac rhythm management devices have witnessed evolution of pacemakers, cardiac resynchronization therapy, implantable cardioveter defibrillators and loop recorders over the last decade.  The growth drivers for the market include favorable legislative policies followed by Government in developed and developing countries. Additional market drivers include rising incidence of cardiovascular diseases (CVD’s), cohesive reimbursement climate and technological advancements that boost market growth

 

CRM devices are the universal solution for patients suffering from arrhythmias. Latest findings in Cardiac Resynchronization therapy devices are anticipated to drive this market.  Furthermore, implantable cardioverter-defibrillators have opened up more vistas of operations since their integration with pacemakers.  This increases the product life for pacemakers. Cardioverter- defibrillators having found immense applications are certain to expand market growth.

 

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Sudden Cardiac Arrest (SCA) is also debilitating human population that explains high growth of external defibrillators. Government initiatives are working in the direction of making economies more cardio-friendly. This works positively for external debrifillators to experience surging market growth.

 

As per Government data available More than 6.0 million people have fallen prey to cardiac disorders. Of these, 0.8 million are victims of atrioventricular blockage that ends in cardiac failure. This proves an outgo of USD 20-60 billion annually. Hence to prevent this, CRM devices are being put to effective use to prevent surgical costs from inflating and also prevents readmission charges, thus impacting market growth.

            

North America took credit of nearly 35% overall market for CRM Devices in 2016. This was particularly due to supportive legislative policies, lenient reimbursement schemes and increase in cardiovascular diseases. Asia Pacific was seen as fast growing market for CRM devices with a CAGR of 9%. This was largely made possible due to accessibility of CRM devices.

 

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The key players operating in Cardiac Rhythm Management Devices Implantation include St, Jude Medical, BIOTRONIK, Inc., Medtronic and Boston Scientific Corporation and ZOLL Medical Corporation among others.

Fracking Chemicals Market Opportunities, Demand and Forecasts, 2020-2026

 Global Fracking Chemicals Market is anticipated to reach over USD 65 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the horizontal well segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant growth in urbanization, population increase, and industrialization along with government initiatives and funding is expected to support the growth of fracking chemicals market. Other driving factors include growing demand for natural gas as a fuel and favorable regulatory policies. Increasing demand from developing nations, development of environment-friendly fracking chemicals, and technological advancements are expected provide numerous growth opportunities to fracking chemicals market players during the forecast period.

 

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North America generated the highest revenue in the fracking chemicals market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in drilling and exploration industries, and growing energy demand are factors expected to drive the fracking chemicals market growth. Increasing disposable incomes, growing urbanization, and increasing industrialization in countries of North America are further expected to support fracking chemicals market growth.  Rising shale gas explorations, and rising demand for natural gas as fuel in the region are expected to further provide growth opportunities during the forecast period.

 

The key players operating in the fracking chemicals market include Halliburton Co., E.I. Dupont De Nemours & Co., BASF SE, Chevron Phillips Chemical Company, Baker Hughes Incorporated, The DOW Chemical Company, Calfrac Well Services Ltd., Albermarle Corporation, Akzo Nobel N.V., and Schlumberger Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Epoxy Resins Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 The report “Epoxy Resin Market Share, Size, Trends, Industry Analysis Report By Raw Material (DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, Hardener); By Application (Paints & Coatings, Wind Turbine, Composites, Construction, Electrical & Electronics, Adhesives, and Others); By Regions, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global Epoxy Resin Market size is expected to reach USD 11.28 billion by 2026 according to a new study by Polaris Market Research.

 

Epoxy resins are significant raw materials to various end-use chemical compounds where each significant molecule is attributed a unique opportunity to convert to a useful thermosetting product. The major end-user industries for epoxy resins include electronics and paints and coatings followed by adhesives, composites, wind turbines and others. Epoxy resins find extensive use in powder coatings applied to automotive and appliances parts, in solvent-dipped coatings applied to substrates in corrosive environment and water-based coatings as electrodepositing primers in automobiles.

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Epoxy resins possess favorable properties such as high thermal stability, mechanical strength, resistivity, adhesion, electrical, mechanical and heat resistance that makes it ideal choice for use in laminates, jewelry and insulators. Epoxy coatings are widely known for their use in manufacture of Printed Circuit Boards (PCB’s). The rapid conglomeration and urbanization of the world has led to development of the electronics industry with manufacture and design of such electronic products leading to growth of epoxy resins.

 

Epoxy resins are used in the production of composite fibers in the aerospace, race cars, marine, and other high-performance applications. Epoxy composites provide excellent strength along with weight reduction, increased strength, durability, and chemical resistance to the application products on account of which these composites are expected to gain interest from various end use industries.

  

High performance composite demand will be fueled by tremendous growth in the commercial airplane market as well as emerging opportunities in applications such as wind turbines and pressure vessels. However, the relatively high cost and labor-intensive production of advanced composites will prevent these materials from penetrating into high volume and price-sensitive markets.

 

Increasing composites demand from the automotive and aerospace industries particularly in Europe and North America is expected to remain its key driving factor. Increasing fuel prices coupled with stringent environmental regulations regarding vehicular emission has increased the need of composite usage in the automotive industry. Rapidly growing commercial aviation sector is expected to drive epoxy composites demand over the forecast period.

 

Epichlorohydrin has been traditionally produced from propylene, which is a petroleum based feedstock. Fluctuations in crude oil prices are directly reflected in its derivatives. Propylene prices are directly affected by crude oil prices. Crude oil prices are determined by various factors including supply, demand, inventory, and natural causes. As a result, this may have a direct impact on the market.

 

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OPEC countries control the crude oil supply and any decisions made by these countries affect the global crude oil prices. Increasing demand for petroleum products on account of increased energy needs of emerging economies also affect crude oil prices. Political unrest in the Middle East and Africa has also affected crude oil prices over the last few years.

 

The UK’s expected takeoff from the EU has made vulnerability on the two sides of the Channel. Europe is a key market for the UK paints, coatings and printing inks industry, which includes more than 60 percent of UK sends out, while 80 percent of paint and ink imports to the UK are from the EU. 50% of BCF individuals are British, with the rest transcendently possessed by European, American and Japanese parent organizations, most by far having UK producing offices.

 

The key leading players in the market include 3M, Aditya Birla Chemicals, Atul Ltd., BASF SE, DuPont, Huntsman, Cytec Solvay Industries, Kikdo Chemicals, MPM Holdings,  Olin Corporation, Sika AG,  Nan Ya Plastics Corporation, Jiangsu Sanmu Group, Jubail Chemical Industries, Sinopec, Covestro AG, Arkema, Evonik Industries and SIR INDUSTRIALE S.p.A, among others.

Orthopaedic Implants Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 Orthopedic implants market size is set to reach USD 6,894.2 million by 2026 growing at a CAGR of 5.1% during the forecast period according to a new study published by Polaris Market Research. The report ‘Orthopedic Implants Market Share, Size, Trends & Industry Analysis Report, By Application (Spinal, Hip, Knee, Dental, Craniomaxillofacial and S.E.T (Sports Medicine, Extremities, and Trauma)) and by Regions, Segment Forecast 2019-2026’ provides a detailed analysis of present market strengths and future market trends.

Market success of orthopedic Implants is entrenched in a rising geriatric population with an increasing life-span affected by musculoskeletal disorders such as osteoporosis, osteoarthritis and others. Technological innovations also have seen a steady rise in orthopedic medical implants market. Increasing number of joint replacement cases and sport injuries across the globe will catapult market to leading growth.    

 

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The center for health design has predicted elderly population to double in coming years. For instance; Japan and South Korea have a life expectancy of 83.7 years and 82.3 years respectively. Surplus Government investments in medical industry and supportive Government opinions in use of implants have directed massive growth for market in coming years.

 

Increasing investments by Government in healthcare and in doting company with a well-developed healthcare infrastructure add momentum to market in North America and Canada. Asia Pacific     offers key players operating in market a thriving opportunity due to a high population base, high awareness regarding orthopedic implants, surge in healthcare infrastructure and rise in geriatric population. The key players operating in the orthopedics Implants market include Johnson and Johnson, Zimmer Biomet Holdings, Inc., Stryker Corporation and Medtronic PLC among others.

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Segmentation of Orthopedic Implants Market is as follows

 

Orthopedic Implant Application Type Outlook (Revenue USD Millions 2015-2026)

·         Spinal

·         Hip

·         Knee

·         Craniomaxillofacial

·         Dental Orthopedic

·         E.T (Sports Medicine, Extremities, Trauma) Orthopedic

Orthopedic Implants Regional Outlook (Revenue USD Millions 2015-2026)

·         North America (U.S., Canada)

·         Europe (Germany, UK, France, Italy, Spain)

·         Asia-Pacific (China, Japan, India)

·         Latin America (Brazil, Mexico)

·         Middle East and Africa

 

Polybutadiene Market 2020 Growth, Latest Trend Analysis and Forecast 2026

 The global polybutadiene market size is estimated to reach USD 7.83 billion by 2026 growing at a CAGR of 5.9% during the forecast period, according to a new report by Polaris Market Research. The report “Polybutadiene Market Share, Size, Trends, Industry Analysis Report By Type (Solid Polybutadiene Rubber, Liquid Polybutadiene Rubber); By End-User (Automotive, Chemical, Industrial, Others); By Regions, Segments & Forecast, 2019 – 2026” enumerates current industry estimates and taps future growth markets.

 

In 2018, the automotive sector dominated the global industry in terms of revenue. Asia Pacific is expected to be the foremost contributor to the global polybutadiene market during the forecast period. A significant growth in the automotive industry along with escalating production of motor vehicles is expected to spur the market. Other driving factors include accelerated pace of industrialization, ramping up of vehicles and industrial mechanization.

 

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The rising growth is attributed to definitive properties such as abrasion resistance, high resilience and infinite resistance. It is used in cohorts with other rubbers for the manufacture of tires, industrial products and consumer products. Tire manufacturing is the major application segment.

 

However stringent environmental concerns and a strict government order are expected to restrict growth of this market.  A stimulating demand from developing nations, technological enhancements, dedicated use of polystyrene and ABS in production of consumer goods are boosting growth. A premise to an eco-friendly environment and eco-friendly tires are motivating factors to growth of polybuatdiene market during forecast period.

 

An increasing demand for synthetic rubber to be used in tire manufacture is cause for high growth. Polymer modification application shows resolute growth in polybutadiene market because of the intrinsic demand for modified polymer and golf balls.

 

Asia Pacific witnessed rising growth by generating the highest revenue and is expected to lead during forecast period. The economic boom in the region coupled with maximum growth in automotive industries and growing living standards are expected to drive market growth. A pushing demand for production of tires and industrial automation are expected to boost growth in the region during forecast period.

 

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Hence a robust application industry is mainstay for growth in Asia Pacific, The presence of industries such as JSR Corporation and Reliance Industries is fueling t growth in the region.

 

North America overshot growth estimates in 2016 due to presence of major tire manufacturers including Goodyear, Copper Tires and Proline. MEA is expected to observe insipid growth on account of price volatility because of reduced crude oil production.

 

The leading players include China Petroleum and Chemical Corporation, JSR Corporation, Reliance Industries Ltd., Lanxess AG, Kumho Petrochemical Co. Ltd, The Goodyear Tire and Rubber Company, UBE Industries Ltd., Synthos S.A, Evonik Industries and LyondelBasell Industries NV among others.

 

Phenolic Resin Market 2020 Growth, Latest Trend Analysis and Forecast 2026

The global phenolic resin market size is expected to reach USD 18.1 billion by 2026 growing at a CAGR of 5.4% during the forecast period according to a new study published by Polaris Market Research. The report “Phenolic Resin Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Refractory Materials, Friction Material, Rubber & Tire, Electronics, and Abrasives); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Furniture); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The market is projected to witness a significant growth over the forecast period. Phenolic resins exhibit favorable properties such as heat & chemical resistance, moisture resistance, superior mechanical strength among others. In addition, ability to customize these products into different grades has resulted in the further expansion of application portfolio of phenolic resins.

 

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Favorable versatility and diversity of phenolic resins also makes them suitable for innovative product designs with high aesthetic appeal, such as in architecture, aerospace structural components and others. Furthermore, product and application innovation in impregnated materials is likely to present lucrative opportunities for growth in this market over the forecast period.

  

Phenolic resins for molding compounds are anticipated to emerge as the fastest growing market segment over the forecast period. Phenolic resins in molding compounds lend high heat stability & lower the curing times required. Expansion of the aerospace and retail transportation sector in countries such as Mexico, India, Indonesia, and Thailand are encouraging the demand for large parts with higher mechanical strength, which in turn is driving phenolic resins consumption.

 

The R&D efforts in Europe by market participants are also expected to impact phenolic resins production and processing technologies in other regional markets of the globe. Recent innovations have led to the development of unique prepreg resins that completely eliminate the need for refrigerated shipping and storage, enable increased service temperatures and improve safety, while lowering residual stress as compared to conventional phenolic resins raw materials. This may lead to greater substitution of phenolic resins across the globe over the near future.

 

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Market participants are concentrating more on providing customized products to their clients. Companies strive to provide a one stop solution to all the client needs. To achieve this scenario, companies are considerably investing in R&D to develop novel products as product differentiation and ability to modify existing products are critical success factors in this market.

 

Some of the major players in the market participants include Owens Corning, Arclin Inc., Ashland Inc., DIC Corporation, Hexcel Corp., Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd, Olympic Panel Products LLC, BASF SE, SI Group Inc, Hexion, Asahi Kasei, GUN EI Chemical Industry, Kangnam Chemical Co. Ltd., Changchun group, DYNEA, Zhejiang Hangmo, Yushiju Chemical, Hitachi Chemical Co. Ltd., and Red Avenue New Materials.

 

Fatty Acid Market 2020 Size, Latest Trend Analysis and Forecast 2026

The global fatty acid market size is expected to reach USD 45.8 billion by 2026 growing at CAGR 5.2% according to a new report published by Polaris Market Research. The report “Fatty Acid Market Share, Size, Trends, Industry Analysis Report By Product Type (Saturated, Monounsaturated, Polyunsaturated, and Trans Fats), By Application (Dietary Supplements, Food & Beverage, Animal Feed, Cosmetics, Lubricants, and Others), By Regions, Segments & Forecast, 2019 – 2026” provides a comprehensive analysis of present market insights and future market trends.

 

Fatty acids are carboxylic group-carbon compounds identified by its long aliphatic chain. It is characterized by presence of large number of derivatives. The global market has got its healthy outlook thanks to healthcare and food and beverage industry. Fatty acids are also used up in forming other chemical compound chains and used in different applications with renewable raw materials to thank for.

 

Fatty acids are derived from different vegetable-based oils such as coconuts, tallow, palm kernel, sunflower and soybean. The concentration of fatty acids varies from raw material to raw material. For instance, coconut oil has higher content of lauric acid and palm kernel oil is rich in stearic and palmitic acid.

 

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The global fatty acid market is expected to draw high growth on account of rising geriatric population and a high demand from soap and detergent industry.  Fatty acids have a wide application spectrum such as detergents, varnishes, textile chemicals, paints, insecticides, rubber compounding and synthetic rubber formulations.

  

Food and beverage is the most visited application segment for fatty acids. An increasing disposable income and major area of spending belonging to food and bakery products in both developed and developing nations has helped growth of food industry. This has led to growth in fatty acids. Healthcare products have also lured consumer sentiments causing increased presence of fatty acids in dietary supplements.

 

Omega-3 and Omega-6 based dietary supplements are known to lower risk of chronic diseases and constitute population’s major intake of dietary supplements. A fast-growing urban population in emerging economies and growing attraction of personal care products driving a healthy demand, results in increased consumption of fatty acids in personal care products and toiletries.

 

A rising government and health agencies drive to augment health and nutrition among lower economic strata of individuals has been pushing growth of dietary supplements and indirectly helping growth of fatty acid market in forward direction.

 

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Asia Pacific is the largest regional market for fatty acids. Indonesia, Malaysia, Philippines and India are major nations contributing to growth of fatty acids market. India and China are among major consumers of fatty acids. North America and Europe is a notch down in leadership for fatty acids.

 

The global fatty acids market is strongly competitive and vertical integration comes into play. The key players include BASF SE, Eastman Chemical Corporation, Ashland Inc., Vantage Oleochemicals, Godrej Industries, Oleon, Akzo Nobel and Arizona Chemicals.