Petrochemical

Global Green and Bio Polyols Markets, 2022-2023 & 2030: Shifting to Sustainability - Market Expected to Double by 2030

Retrieved on: 
Wednesday, September 6, 2023
Growth, End Use Energy Demand Centres, Lead, Ether, Car, Bed, PPG, USD, Catalysis, Petrochemical, Thermoplastic, Renewable energy

This remarkable industry progress is largely attributed to the surging environmental consciousness and stringent governmental regulations aimed at curbing the utilization of petroleum-derived polyols.

Key Points: 
  • This remarkable industry progress is largely attributed to the surging environmental consciousness and stringent governmental regulations aimed at curbing the utilization of petroleum-derived polyols.
  • The North American green and bio polyols market took the lead, contributing a substantial USD 2,664 million in revenue during 2022, and this dominance is anticipated to persist.
  • Key industry players are actively championing the adoption of green and bio polyols as substitutes for petroleum-derived counterparts.
  • This trend underlines the industry's alignment with eco-friendly practices and its pivotal role in meeting the evolving market demands.

Global Alpha Olefins Market Poised for Significant Growth, Projected to Reach $9.3 Billion by 2028 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, September 5, 2023
Chemicals, Plastics, Manufacturing, PP, LDPE, Growth, Plastic, Polyethylene, HDPE, USD, LLDPE, Petrochemical, Central Europe

It finds extensive use in polyethylene and polypropylene production, which are vital building blocks in the petrochemical industry.

Key Points: 
  • It finds extensive use in polyethylene and polypropylene production, which are vital building blocks in the petrochemical industry.
  • The demand for plastics such as HDPE, LLDPE, and LDPE further bolsters its growth, making it a key player in the alpha olefins market.
  • North America is projected to be the second-largest market during the forecast period, with its market estimated at USD 2,482.8 million in 2022, set to reach USD 2,865.0 million by 2028.
  • Pioneering companies in the alpha olefins market include:

Global Liquid Ring Compressors (Single-Stage, Two-Stage) Market Forecast 2023-2030: Rising Demand and Proliferation of Energy Consumption Drive Market Expansion - ResearchAndMarkets.com

Retrieved on: 
Monday, September 4, 2023
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Market share analysis, Plastic, National Centre for Food Manufacturing, Food, COVID-19, Medication, USD, Stainless steel, Petrochemical, Water treatment, EPS, Application, Aircraft

The Global Liquid Ring Compressors Market size was estimated at USD 999.28 million in 2022, USD 1.07 billion in 2023, growing at a CAGR of 8.37% to reach USD 1.90 billion by 2030.

Key Points: 
  • The Global Liquid Ring Compressors Market size was estimated at USD 999.28 million in 2022, USD 1.07 billion in 2023, growing at a CAGR of 8.37% to reach USD 1.90 billion by 2030.
  • The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space.
  • Based on Flow Rate, the market is studied across 25 - 600 M3H, 3,000 - 10,000 M3H, 600 - 3,000 M3H, and Over 10,000 M3H.
  • The 25 - 600 M3H is projected to witness significant market share during forecast period.

Upward Trajectory Expected for Global Polypropylene Random Copolymer (PRC) Market, Projected to Reach $11.7 Billion by 2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 31, 2023
Packaging, Chemicals, Plastics, Manufacturing, Growth, Insight, Porter's five forces analysis, Telecommunications, Thermoplastic, Petrochemical, Retail, Ridesharing

The Asia-Pacific region is poised to continue its dominance due to the substantial demand for packaged foods in the region.

Key Points: 
  • The Asia-Pacific region is poised to continue its dominance due to the substantial demand for packaged foods in the region.
  • Features of the Polypropylene Random Copolymer Market Report:
    The comprehensive report incorporates an array of valuable features:
    Trend and forecast analysis spanning 2017 to 2028, segmented by various factors including product type, end use industry, and region.
  • Growth opportunities, analyzing prospects across different product types, end use industries, and regions within the polypropylene random copolymer market.
  • Strategic analysis, encompassing M&A, new product development, and the competitive landscape within the polypropylene random copolymer market.

The Global Glass Fiber Reinforced Plastic (GFRP) Market is Poised for Promising Growth Estimated to Reach $61.3 Million by 2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 31, 2023
Hardware, Chemicals, Plastics, Semiconductor, Construction & Property, Aerospace, Manufacturing, Consumer Electronics, Technology, Other Transport, Maritime, Transport, Other Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Electronics, Printed circuit board, Compound annual growth rate, GFRP, Polychlorinated biphenyl, Glass, Research, Ultimate tensile strength, Glass fiber, Petrochemical

The "Glass Fiber Reinforced Polymer (GFRP) Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Glass Fiber Reinforced Polymer (GFRP) Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The future of the global Glass Fiber Reinforced Plastic (GFRP) market looks bright, with a wide range of opportunities spanning various end-use industries.
  • The global GFRP market is anticipated to achieve an estimated value of $61.3 million by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 3.7% from 2022 to 2028.
  • Introduction of Flat Glass Fiber: The introduction of flat glass fiber is expanding the possibilities for innovative product design and applications.

Building a sustainable PET bottle supply chain

Retrieved on: 
Monday, August 7, 2023
Plastic, Ethylene glycol, PTA, Fats, PX, MC, PET, ENEOS, Neste, Research, Eneos, Coal, Plant, Animal, Mitsubishi Corporation, NESTE, MEG, Suntory, Biomass, CO2, Rare-earth element, Gasoline, Renewable energy, Petrochemical

This is the world's first(5) production of sustainable PET bottles using bio-PX derived from bio-naphtha on a commercial scale.

Key Points: 
  • This is the world's first(5) production of sustainable PET bottles using bio-PX derived from bio-naphtha on a commercial scale.
  • By the end of 2023, Bio PX equivalent to approximately 35 million PET bottles will be produced, which will be used as a raw material for Suntory's sustainable PET bottles in 2024.
  • Through the development of this supply chain, MC will contribute to the reduction of CO2 emissions in comparison with conventional petroleum-derived products(6) by introducing PET resin produced from bio-PX.
  • (4) Purified terephthalic acid (PTA), a raw material for PET bottle resin, produced by oxidizing paraxylene (PX).

Programmable Logic Controller (PLC) Market Size to Grow USD 19510 Million by 2029 with a CAGR of 5.3% | Valuates Reports

Retrieved on: 
Wednesday, August 9, 2023
Industrial internet of things, Communication, PLC, Nano, IO, Internet of things, COVID-19, Mitsubishi Group, Programmable logic controller, USD, Petrochemical, Automotive industry, Organization, Internet, Digital technology, LED, Fourth Industrial Revolution, Growth, Semiconductor industry, Electric power industry, Industrial, Environment, Micro, Automation, Electronics, Marketing, Instrumentation

Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.

Key Points: 
  • Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.
  • Major Factors Driving the Growth of Programmable Logic Controller (PLC) Market:
    Over the forecast period, high demand for PLC from various end-use industries is anticipated to propel market expansion.
  • During the forecast period, an increase in industrial automation or a growing acceptance of Industry 4.0 is anticipated to fuel the growth of the PLC market.
  • TRENDS INFLUENCING THE GROWTH OF PROGRAMMABLE LOGIC CONTROLLER MARKET:
    The adoption of Industry 4.0 standards and the development of automation have been key market drivers for PLCs.

Programmable Logic Controller (PLC) Market Size to Grow USD 19510 Million by 2029 with a CAGR of 5.3% | Valuates Reports

Retrieved on: 
Wednesday, August 9, 2023
Industrial internet of things, Communication, PLC, Nano, IO, Internet of things, COVID-19, Mitsubishi Group, Programmable logic controller, USD, Petrochemical, Automotive industry, Organization, Internet, Digital technology, LED, Fourth Industrial Revolution, Growth, Semiconductor industry, Electric power industry, Industrial, Environment, Micro, Automation, Electronics, Marketing, Instrumentation

Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.

Key Points: 
  • Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.
  • Major Factors Driving the Growth of Programmable Logic Controller (PLC) Market:
    Over the forecast period, high demand for PLC from various end-use industries is anticipated to propel market expansion.
  • During the forecast period, an increase in industrial automation or a growing acceptance of Industry 4.0 is anticipated to fuel the growth of the PLC market.
  • TRENDS INFLUENCING THE GROWTH OF PROGRAMMABLE LOGIC CONTROLLER MARKET:
    The adoption of Industry 4.0 standards and the development of automation have been key market drivers for PLCs.

Trinseo Reports Second Quarter 2023 Financial Results, Announces Additional Restructuring Initiatives and Updates 2023 Outlook

Retrieved on: 
Thursday, August 3, 2023
Automotive Manufacturing, Manufacturing, Textiles, Packaging, Chemicals, Plastics, CASE, Works council, Death Note 2: The Last Name, Q&A, Electronics, Bank statement, Engineering, Engineered materials arrestor system, PMMA, GAAP, Absorption, ABS, EBITDA, Styrene, Terneuzen, Natural gas, EPS, Growth, Free cash flow, Adjustment, NYSE, TSE, Drug, Bank, Fine chemical, Pharmaceutical industry, Petrochemical, Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2023 financial results.

Key Points: 
  • Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2023 financial results.
  • Second quarter net loss from continuing operations of $349 million was $386 million below prior year.
  • Commenting on the Company’s second quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, “As expected, second quarter sales volume was sequentially similar as general market conditions remained unchanged.
  • Trinseo will host a conference call to discuss its second quarter 2023 financial results on Friday, August 4, 2023 at 10 a.m. Eastern Time.

Global Renewable Methanol Industry Report 2023: Growing Demand for Green Fuels & Power Generation as a Feedstock Driving Growth - Forecasts to 2028

Retrieved on: 
Thursday, August 3, 2023
Adhesive, Plastic, Methanol, DME, Hydrogen, Telecommunications, Policy, Gasoline, Electricity, Carbon, Nitrogen, Government, Competition, Formaldehyde, Pollutant, Plastics industry, Solvent, Application, Water, Particulates, Growth, Transport, Research, Biomass, Greenhouse, Coal, Renewable energy, Diesel fuel, Petrochemical

The Global Renewable Methanol market is on track to experience significant growth in the forecast period of 2028, driven by a growing preference for healthy foods among consumers.

Key Points: 
  • The Global Renewable Methanol market is on track to experience significant growth in the forecast period of 2028, driven by a growing preference for healthy foods among consumers.
  • The versatility of renewable methanol makes it a promising alternative to fossil fuels in the transportation sector and increases the market share of global renewable methanol market.
  • Furthermore, renewable methanol can also be used as a fuel in gas turbines, which are used for large-scale power generation.
  • The renewable methanol market has been growing steadily in recent years, driven by increasing demand for low-carbon fuels and chemicals.