Markets Update: Growth expected for AODD pumps, mining chemicals sectors

Insights from across the process industries

Markets Update Ong Ad Nuseewor I Stock 1090046326
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AODD pumps market growth driven by increasing investments in wastewater treatment and growing applications in end-use industries, study finds

According to a recent study from Persistence Market Research, the AODD pumps market is projected to witness robust demand between 2018 and 2028, owing to the steady growth in construction, energy, wastewater treatment, mining, agriculture and various other manufacturing industries. The global AODD pumps market is estimated to grow at a compound annual growth rate (CAGR) of 4.8% during the next decade.

The global AODD pumps market has been experiencing significant growth in demand due to the rising investments in the wastewater and water treatment industry by governments of various countries. For example, the Canadian government is targeting investments worth $20 billion to improve its local wastewater and water infrastructure, while the U.S. government has increased focus on developing storm water, desalination and water re-use systems. This increased focus of governments on developing water treatment systems is expected to be one of the main driving factors for the growth of the AODD pumps market.

Rapid industrialization is another factor directly impacting the growth of the market. Population growth, coupled with urbanization, has directly led to an upsurge in the growth of industrialization across emerging economies. Hence, industries such as manufacturing, automobile, energy, pharmaceuticals, consumer care products, food and beverage and various others have been witnessing significant growth to cater to the growing needs. AODD pumps are widely used in all these industries, as they are a critical part of transmitting fluids and slurries.

Mining chemicals market set for CAGR of 6.7% through 2025, finds study

Growth opportunities in the global mining chemicals market look promising over the next six years. Rising demand for ferrous metals, industrial minerals and fuel ore extraction are driving market revenues toward $2.9 billion by 2025. While mining chemical manufacturers are developing and integrating digital technologies to augment application efficiencies for their mining customers, end users are embracing chemistry formulations and compositions to advance operational orderliness and mineral processing steps. Frost & Sullivan expects the market to expand at a healthy CAGR of 6.7% between 2018 and 2025.

Fusion bonded epoxy coatings will remain preferred for oil and gas pipelines, study finds

Witnessing robust expansion over 2019 to 2029, the global market for oil and gas pipeline coatings will reach the revenues worth $7 billion toward the end of 2029, according to Future Market Insights. Growing offshore exploration and production activities, stabilizing crude oil prices, a rise in cross-country pipeline projects and rehabilitation of existing pipelines are some of the key factors that would account for increasing demand for oil and gas pipeline coatings in the market.

Fusion bonded epoxy (FBE) coatings, attributing to their low coefficient of friction and low permeability, create a tight barrier that prevents permeation of cold and hot liquids. This property would continue to position FBE coatings as a preferred choice for oil and gas pipeline coatings.

The Asia Pacific region, which has more than 10,000 miles of pipeline under construction and more than 9,750 miles of planned pipeline projects, is likely to reflect robust growth opportunities facing players operating in the oil and gas pipeline coatings market.

With crude oil prices recovering, investments in the oil and gas industry are projected to rise by 6% between 2017 and 2025. These will fuel exploration and production activities around the world, propelling oil and gas pipeline coatings demand.

Stringent regulations pertaining to volatile organic compound (VOC) emissions are anticipated to impede the growth of solvent-based oil and gas pipeline coatings, which are prone to VOC emissions during the drying process.

Pipe laying in deep waters, high operating temperatures and increasing corrosive properties of flow materials have been driving advancements in pipeline coatings. These advances such as thermal insulation will bring forth a range of new technological frontiers in the pipeline coatings space. 

Researchers expect general industrial oils to remain sought-after

Enhanced operational efficiency offered by industrial lubricants is bolstering their use in the constantly expanding manufacturing sector, as well as other industries such as power generation and oil and gas. Growing use of high-performance lubricants in these end-use industries is expected to drive market growth between 2019 and 2027. As indicated by a new study by Persistence Market Research, the global demand for industrial lubricants will progress moderately through 2027, reaching a value of $28 billion.

Growing use of complex machinery and tools in industries is increasing the demand for general industrial oils, making it a prominent segment in the global industrial lubricants market.

The global market also is witnessing a gradual shift toward bio-based industrial lubricants. In addition to the environmental advantages, bio-based industrial lubricants provide better lubrication and superior viscosity.

Asia Pacific commands a prominent share in the global industrial lubricants market owing to significant growth in the manufacturing industry and increasing oil and gas operations in the region.

With the use of specialty additives, companies are focused on providing industrial lubricants with better efficiency. Growing environmental concerns are turning the focus of the lubricant industry toward the development of bio-based lubricants, which are estimated to gain more consumer preference in the coming years.

Industrial lubricants are expected to witness consistent demand in the coming years. With the persistent trend of providing application-specific lubricants, manufacturers are focused on keeping their product portfolios strong. Asia Pacific remains the most lucrative region in the global market with a prominent value-volume share, while the Middle East and Africa is estimated to witness high CAGR. 

Empty capsules market thrives with a thrust from research and product enhancement, study finds

According to new report from Transparency Market Research, the global empty capsules market was valued at $1.9 billion in 2018 and is projected to expand at a CAGR of about 7% from 2019 to 2027.

In terms of application, the vitamin and dietary supplements segment held a major share of the global empty capsules market in 2018. The segment is anticipated to dominate the global empty capsules market during the forecast period. The adoption of preventive care measures among the population is estimated to drive the vitamin and dietary supplements segment during the forecast period. Increasing investments by key players in vitamin and dietary supplements and favorable trade policies for the import and export of dietary supplements are anticipated to propel the vitamin and dietary supplements segment during the forecast period.

Based on source, the porcine segment accounted for a major share of the global empty capsules market, in terms of value, in 2018. The segment is likely to expand at a moderate CAGR during the forecast period. Porcine is a widely used source of gelatin due to the abundant availability and extended applications of this source in healthcare and nutraceutical industries. However, pharmaceutical and nutraceutical companies are switching to the use of bovine gelatin in their products, to expand their geographic presence to countries with ethical beliefs and restrictions that restrain the use of porcine products. This factor is a major driver of the empty capsules market. Furthermore, the demand for bovine gelatin has increased at a steady pace, due to the high protein content (compared to other gelatin derivatives) and hygienic nature of bovine-derived products as compared to chicken and porcine derivatives.


 

 

 

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