Industry Update: States to join federal probes of Dow-DuPont, Bayer-Monsanto mergers

Nov. 21, 2016

Also in the news, the industrial cooling system market poised to reach $17.24 billion by 2021 and the global industrial gases market expected to grow at 6 percent CAGR through 2022.

States to join federal probes of Dow-DuPont, Bayer-Monsanto mergers

U.S. state attorneys general joined a federal antitrust probe of the planned merger between DuPont and Dow Chemical Co., as a separate group of state attorneys are set to join an investigation into Bayer AG’s $66 billion plan to buy Monsanto Co., according to the St. Louis Post Dispatch. The action by the state AGs is expected to complicate already lengthy review processes by U.S. antitrust enforcers. States are concerned that the merger may translate into higher pesticide and herbicide prices for farmers.

Global PTFE market to grow at a 12.1 percent CAGR through 2022

The global PTFE market witnessed a remarkable growth over the past decade due to its increasing demand from the application segment such as industrial, electronics, electrical, transportation, petrochemical & chemical processing, food & beverage, medical & pharmaceutical and others, according to Market Research Future’s Half Cooked Research Report. It has been projected that the Global PTFE market will cross $7.1 billion by 2022 growing at a CAGR of approximately 12.1 percent. The rising demand of PTFE in electrical industry for hookup wire, coaxial cables and other applications are driving this industry. Geographically, Asia-Pacific is anticipated to be the leading market followed by North America and Europe. APAC is considered as the fastest growing region where the market would be having ample of opportunities due to existing emerging economies such as China, India, Japan and Indonesia.

Industrial cooling system market poised to reach $17.24B by 2021

The global industrial cooling system market is projected to reach $17.24 billion by 2021, at a CAGR of 5.0 percent from 2016 to 2021. Technological advancements in the market, coupled with increasing demand for efficient cooling systems from developing markets of Asia-Pacific, are expected to drive the industrial cooling system market over the next five years, according to the report “Industrial Cooling System Market by End User (Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing & Storage, Petroleum & Natural Gas Refining, Pharmaceutical, Data Center), Type & by Region – Global Forecasts to 2021.”

Ascorbic acid market report expects rise to $1B by 2021

Zion Research has published a new report titled "Ascorbic Acid Market for Pharmaceutical, Food & Beverages, Personal Care and Other End-user Industries: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021." According to the report, the global ascorbic acid market was around 150.2 kilo tons in 2015. The global ascorbic acid market revenue accounted for $820.4 million in 2015 and is expected to reach $1083.8 million by 2021, growing at a CAGR of around 4.8 percent between 2016 and 2021.

Chelating agents market demand expected to reach 1,348.4 kilo tons by 2024

The global chelating agents market is expected to reach $5.17 billion by 2024, increasing requirement for chelating agents in cleaners & detergents to boost the performance of the finished product is expected to drive growth, according to report published by Grand View Research. Increasing demand for cleaners & detergents in the household and industrial applications on account of rising consumer awareness regarding hygiene and extending the lifespan of equipment by keeping it clean is expected to bolster demand. Household & industrial cleaning is anticipated to account for 25.4 percent of the volume by 2024.

Global industrial gases market expected to grow at 6 percent CAGR through 2022

The global industrial gases market was valued at $47,200.0 million in 2015, and it is expected to grow at a CAGR of 6.2% during 2016 – 2022, according to a report by P&S Market Research. The factors driving the growth of the global market include rapid industrialization and increasing population. In addition, the advancement in industrial gas production technology, and huge demand in emerging economies, such as India and China are driving the growth of the global industrial gases market. Petroleum is the primary end user for industrial gases. The secondary end-user industries include chemical manufacturing, food processing, pharmaceutical, and metal processing. The global mergers and acquisitions in the chemical industry are expected to increase the demand for industrial gases in the market. Food processing is a vast industry comprising several verticals. These verticals are increasing at high pace, due to increasing population and growing disposable income. The nuclear power and space exploration industries are also among the end users of industrial gases for their operations. However, the demand for industrial gases in these sectors is largely dependent on political decisions.