Methyl Vinyl Glycolate: Introduction
- Methyl vinyl glycolate, also known as methyl 2-hydroxybut-3-enoate, is available through zeolite catalyzed degradation of mono- and disaccharides. It is a renewable platform molecule for commercially relevant catalytic transformations.
- Methyl vinyl glycolate is used in various industrial applications. It is primarily used as a key component in Polyethylene Terephthalate (PET) plastic. Rise in global demand for PET plastic used for food packaging, especially bottles, is expected to drive the methyl vinyl glycolate market during the forecast period.
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Key Drivers of Methyl Vinyl Glycolate Market
- PET plastic packaging possesses properties that make it preferable over other packaging technologies. Certain beneficial properties of PET plastic packaging are high transparency, shiny surface, good stability, high-pressure resistance, good barrier properties, and light weight. This is anticipated to drive the PET plastic market, thereby boosting the global methyl vinyl glycolate market during the forecast period.
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- Many companies have started manufacturing bio-based methyl vinyl glycol. For instance, Haldor Topsoe A/S Company has launched MOSAIK solution for sugar cracking to a reactive intermediate. The new product is bio-based building block molecule for usage in polymers. It also allows for replacement as well as new formulations.
- Greater transparency and shiny surface of a PET plastic package provide a special appearance and give it a sophisticated image. Furthermore, PET containers are virtually unbreakable owing to their outstanding material qualities. This results from no fractures while filling, transporting, and usage. PET gives optimal protection to consumers. Thus, PET packaging is advantageous over other packaging materials.
Polyethylene Terephthalate (PET) Plastic Application Segment to Offer Attractive Opportunities
- The PET plastic segment is estimated to hold significant share of the market during the forecast period, owing to high demand for PET plastic in the packaging industry. Methyl vinyl glycolate is used as a raw material in the production of PET plastic, which is employed in various packaging sectors such as food & beverage packaging, consumer goods packaging, and electronics.
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Rise in Environmental Regulations on Plastic Likely to Hamper Market
- Governments of several countries across the globe have imposed regulations on usage of single use plastic. The European Parliament has approved a ban on single-use plastics such as straws, plates, cutleries, and cotton-swab sticks in Europe. It would come into effect by 2021. This helps the European Parliament join a global shift, as environmentalists emphasize the urgency of halting the use of materials that are detrimental to the environment. This is likely to affect the global methyl vinyl glycolate market.
Covid-19 Impact on Methyl Vinyl Glycol Market
- According to the International Monetary Fund (IMF), the world economy is expected to experience the worst recession since the Great Depression (1929–1933) in the near future. The packaging industry is also projected to feel the impact of the coronavirus pandemic. Impact of the coronavirus pandemic on the packaging industry is anticipated to be mixed in countries such as China and South Korea. Demand for packaging for groceries, health care products, and e-commerce transportation is estimated to rise sharply in the near future. At the same time, demand for industrial, luxury, and some transport packaging is estimated to decline.
- Industrial, bulk, and transportation packaging are anticipated to account for major share of demand for packaging. Demand for this type of packaging is closely linked to the trend in GDP and the level of industrial activity. Thus, the sharp decline related to COVID-19 has led to a reduction in demand for packaging. However, packaging for food and pharmaceutical industries continues to rise significantly. High growth in demand for corrugated packaging for e-commerce and grocery deliveries is also offsetting some demand lost elsewhere with industrial customers. Therefore, the impact of Covid-19 pandemic is estimated to be low on the methyl vinyl glycolate market in 2020 and 2021.
Asia Pacific to Hold Major Share of Global Methyl Vinyl Glycolate Market
- Based on region, the global methyl vinyl glycolate market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is estimated to constitute major share of the market, owing to the presence of a number of plastic and chemical companies in the region. The methyl vinyl glycolate market in China is expected to account for prominent market share, due to the presence of large number of chemical companies in the country.
- The market in North America is projected to expand at a rapid pace during the forecast period, due to increase in production of PET plastic products across the region
Recent Developments
- On February 6, 2019, Braskem and Haldor Topsoe together started a unit for developing renewable methyl vinyl glycolate (MVG). The demonstration plant is located in Lyngby, Denmark.
Key Players in Market
The global methyl vinyl glycolate market is highly concentrated with top manufacturers accounting for approximately 35%–40% share. Major players operating in the global methyl vinyl glycolate market include:
- Braskem
- Haldor Topsoe A/S
- Royal Dutch Shell PLC
- SABIC
- Mitsubishi Chemical Corporation
- LyondellBasell Industries Holdings BV
- LOTTE Chemical CORPORATION
- India Glycols Limited
Barium, a chemically inert and dense mineral, is used in a number of end-use industries.
It is also quite interesting to note that not only are certain areas identified as hotbeds of exploration, they are also highly productive.” Some of these are the Mediterranean region, Africa, and Latin America.In terms of BOE (Barrels of Oil Equivalent), the new regions show a performance of 26 discoveries - 100 BOE, out of the 12.2 billion barrels BOE discovered in 2019.
This shows how conventional discoveries are moving on a high trajectory.The study report on the global barite market, prepared by Transparency Market Research states that the market would chart a decent CAGR (Compound Annual Growth Rate) of 4.8 percent – in the period 2018-2026 Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=2404Consolidated Vendor Landscape to Mark Global Barite Market over the Forecast PeriodThe competitive landscape of the global barite market is consolidated and the trend will continue over the forecast period.
Apart from improving the product quality, players are looking to work with different grades in order to widen the scope of applications.Some of the players that are seen as high performers in the global barite market include Spectrum Chemical Manufacturing Corporation, Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC, and Anglo Pacific Minerals, among others.It is pertinent to note here that the top tier players that are operating in the global barite market landscape have a hold on about 55% of the total market share.
It is also important to note that these players are scurrying to improve plant facilities for bettering capacity in terms of production.North America to Show Stellar Performance over the Forecast PeriodDominating the regional landscape of the global barite market, North America will ride to growth on the back of strong presence of key market players and numerous end-use industries in its landscape.
However, market expert’s note, “Oil and gas segment in the region will lose to rubber and plastics over the period to come.”Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=2404About UsTransparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.Our reports are single-point solutions for businesses to grow, evolve, and mature.
The global electrical appliances market was valued at around US$ 685 Bn in 2016 and is anticipated to register a CAGR of ~7% from 2017 to 2025, according to a new report by Transparency Market Research (TMR) titled “Electrical Appliances Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”Electrical appliances are defined as devices which use electricity to perform specific functions.
A wide range of such appliances is available from refrigerators, wine-coolers, washing machines, tumble dryers, vacuum cleaners, steam mops, shavers, trimmers and water heaters to air conditioners, air coolers, heaters, fans, rice cookers, bread makers, toasters, irons, and juicers.
Interpret a Competitive outlook Analysis Report with PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=41387Higher standards of living and availability of lucrative product offers and purchase credit schemes to drive the market for electrical appliancesOne of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region.
The major restraint on the global electrical appliances market is the consistent and considerable R investment required to develop new, more efficient, environment-friendly, smart, and connected appliances.
It is a highly competitive market coupled with increasingly stringent government regulations regarding emissions of environmentally harmful chemicals.
In such a scenario, the constant improvement of products is important, though this is mostly possible only by the larger companies such as Whirlpool Corporation, Haier Group, and LG Electronics Inc.Product differentiation and new product development are expected to be among the available opportunities in the global electrical appliance market during the forecast periodMajor opportunities in the global electrical appliances market exist in product differentiation and new product development.
The global hospital acquired pneumonia drug market has been analyzed by Transparency Market Research (TMR) to give a complete description of the market and its growth in the coming years.
Few vendors are likely to adopt pricing strategies that would increase the competition in the market.Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1881Furthermore, companies are likely to adopt strategies such as high investments to adopt newer technologies, research and development activities, and mergers and acquisitions to strengthen their position in the market.
North America is expected to lead the market during the forecast period.
The presence of large number of vendors has also made the North America market grow distinctively.Request for Analysis of COVID-19 Impact on Hospital Acquired Pneumonia Drugs Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1881Immunocompromised Patients Are Prone to Acquire Pneumonia from hospitals Patients who have undergone a surgery, are on enteral feeding, or are immunocompromised are more vulnerable to acquiring hospital acquired pneumonia.
The hospital acquired pneumonia is also prevalent among the newborns, as they might suffer from respiratory syncytial virus (RSV) which has been identified as one of the major reason for nosocomial pneumonia.The increasing incidence of hospital acquired pneumonia has pushed the government to take effective and strict measures that can address the root cause of these types of infections.
The factors that create an unhealthy environment are often caused due to inadequate financial resources, poor infrastructure, and over-crowded hospitals that increase the chances of communicable diseases.
Upper respiratory tract infection (URTI) is a medical condition caused by acute infection that involves parts of the upper respiratory tract such as larynx or pharynx, sinuses, and nose.
Pharyngitis, sinusitis, laryngitis, tonsillitis, common cold, and otitis media are some of the most common upper respiratory tract disorders.
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The global upper respiratory tract infection treatment market is expected to expand substantially, due to an increase in the incidence of respiratory disorders across the globe.
However, side effects of NSAIDs are expected to impact the growth of this market.
Transparent Market Research (TMR) reflects the competitive landscape of the global pharmaceutical chemical spread across the globe.
New strategies are expected to be introduced to penetrate into the market.
Rising population and low mortality rate seems to be the reason for lucrative growth in the healthcare sector.
Swell in the geriatric population calls for increase in healthcare facilities.
Global pharmaceutical chemical market is projected to be flourishing in coming years due to rise in demand for drugs for non-communicable diseases.
However, developments in all the fields of healthcare facilities and rising geriatric population is projected to inflate the global pharmaceutical chemical market.Request for covid19 impact analysis –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=37685Disease Oriented Treatment to Push GrowthVarious therapy based applications are expected to increase the demand for global pharmaceutical chemical market.
Asphalt Additives Market: Key HighlightsThe global asphalt additives marketwas valued at ~ US$ 3.5 Mn in 2018, and is projected to expand at a CAGR of ~ 6% from 2019 to 2027.
Emerging warm mix asphalt (WMA) technology is anticipated to augment the global asphalt additives market during the forecast period.Asia Pacific was the leading region of the global asphalt additives market in The Asia Pacific asphalt additives market is estimated to continue its dominance in the global asphalt additives market during the forecast period.Key Drivers of the Asphalt Additives MarketThe demand for asphalt in road construction is expected to be driven by increasing environmental funding, legislative pressure to improve infrastructure, and growth in non-building construction activities, particularly in the highway & street segment.The demand for paving asphalt used in highways and streets has been rising, owing to the increase in government funding and growth in highway and street construction activities.
Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=3238Shift in Focus Toward Bio-based Additives to Offer Attractive OpportunitiesBio-based additives are defined as additives made from biological sources.
Manufacturers are increasingly using eco-friendly products, owing to the rise in the awareness about the environment among consumers.Availability of Alternatives for Asphalt to Hamper the Asphalt Additives MarketBricks, pavers, cobblestone, concrete, permeable paving, gravel, and cement are some of the substitutes that are being increasingly used in place of bitumen.
Concrete is a highly employed product in the construction and maintenance of roads.The governments of several countries have been preferring the usage of concrete and cement for paving roads since the last few years.
This is expected to hamper the asphalt additives market.Asia Pacific Dominates the Asphalt Additives MarketAsia Pacific is expected to continue being a prominent market in the global asphalt additives market during the forecast period.
