Shale Gas Market Insights | Global Trends, Competitive Scenario | Forecast To 2025

Shale Gas Market is one of the popular conventional energy sources as it emits less carbon compared to other fossil fuels such as coal and hence is expected to become the major fuel replacing coal and other fossil fuels provided its production increases in the near future.

Regarding end-users, shale gas market is segmented into industrial, commercial, power generation, transportation, and residential. Owing to its low price compared to other fossil fuels, the market is anticipated to replace conventional sources such as coal, nuclear and hydro especially in chemical, fertilizer and hydrogel production industries.

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Industrial, residential, commercial, transportation and power generation are the key application sectors. In 2013, power generation was the major application segment accounted for more than 30% of total volume of shale gas produced. The main factors driving product demand in this segment is the abundance and low carbon footprint of shale gas over coal and crude oil.

Environmental concerns and regulatory support for the use of conventional sources of energy is yet another factor to drive shale gas demand in this power generation industry. Industries in Canada and U.S. are slowly shifting their focus towards the utilization of shale gas replacing the conventional gases. Growing demand against LPG and CNG as the alternative transportation fuel is another important reason responsible for its increase in consumption in the past few years and this trend is expected to continue over the forecast period. This will develop transportation to be the fastest growing application with a projected at a CAGR of 10.8% from 2014 to 2020.

The commercial application of the market is also expected to grow at CAGR of around 5.3% from 2014 to 2020 to reach approximately USD 10 billion by 2020.

Regional Insights:

In the present industry scenario, Canada and U.S. are the major producers of shale gas. These two countries produced almost 92% of the total volume in 2013. Earlier to shale gas, U.S. was the largest importer of natural gas. Later on, owing to rapid production and exploration activities, U.S. emerged as the major exporter for the market followed by Canada estimated over 8.2% of the gas extracted in 2013.

China accounted 30 million cbf output by 2012 and increased its production to 200 million cbf till 2013. As per estimates, China has a huge amount of shale gas reservoirs and discovers great market potential. The Chinese government is also supporting tax leverage and financial benefits to the shale gas companies.

APAC is anticipated to be the emerging market with a CAGR of over 66% from 2015 to 2020. Europe in more than 14 countries including Germany, Poland and France is also is also anticipated to increase production of shale gas over the forecast period owing to the abundant availability of reserves which are in the initial maturity stage.

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Market Segment:

Global Shale Gas Application Outlook (Volume, Bcf; Revenue, USD billion)

        • Industrial

        • Power Generation

        • Residential

        • Commercial

        • Transportation

Shale Gas Regional Outlook

        • North America

                • U.S.

                • Canada

        • Asia Pacific

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Rice Protein Market Profile | Emerging Trend, Sales & Price | Forecast To 2025

Rice Protein Market size was estimated over 11 kilo tons in 2015. Rice protein is an important type of a plant protein and is derived from brown and white rice varieties. The unique amino acid profile of these additives is driving their application in end-use industries such as pharmaceuticals and cosmetics.

Rice protein finds its application in the manufacturing of functional foods, dietary supplements, energy bars, and sports & energy drinks, owing to which the demand is expected to grow rapidly over the forecast period. The absence of artificial sweeteners and chemical additives has led to manufacturers preferring rice protein over soy and whey.

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On the basis of protein content and processes, rice protein products are segmented into isolates and concentrates. In 2015, isolates dominated and accounted the majority of the market, in terms of value and volume in product segment. Isolates separate proteins from the foods, resulting in the low amount of fat, fiber, and carbohydrate intake in the final product.

The demand for concentrates is expected to grow rapidly as they are cheaper and possess the ability to replace similar products. Concentrates are proven nutritious and healthier than whey due to which consumers have adopted concentrates over whey. The growing demand for sports nutrition products is expected to further augment demand for concentrates over the forecast period.

Application Insights

Major applications of rice protein include pharmaceuticals, cosmetics, food & beverages, and animal feed. In 2015, food & beverages application segment dominated the market by accounting over 50% of the global volume. Growing demand for products such as supplements, dairy alternatives, and sports drinks is anticipated to act as a major driver.

North America accounted for over 47% of global market owing to high demand from food & beverage industry. The presence of a large number of manufacturers coupled with the high adoption rate of new products is expected to boost market growth.

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Market Segment:

Rice Protein Product Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)

       • Rice protein isolates

       • Rice protein concentrates

       • Others

Rice Protein Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)

       • Food and beverages

       • Pharmaceutical

       • Cosmetics

       • Animal feed

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Protective Coatings Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2025

Protective Coatings Market was valued at USD 24.90 billion in 2015. The growth in this market is primarily an outcome of significant consumption in key end-use industries such as construction, oil & gas, and aerospace.

The growth in the protective coatings market is expected to be positively impacted by the rise in the aerospace and automotive industries worldwide. The rising demand for passenger cars and the growing air traffic, most notably in emerging regions, are expected to drive the growth of this industry during the forecast period.

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In terms of products, the industry has been categorized into water-borne, powder-based, and solvent-borne. In 2015, the solvent-borne segment accounted for revenues of nearly USD 8.5 billion, thereby dominating the overall industry revenue. However, this segment is anticipated to observe slow growth during the forecast years owing to strict government regulations on the use of solvent-based compounds with high VOC content.

Water-borne coatings is another key segment, which is expected to experience the highest revenue growth of nearly 11% during the forecast period. Increasing demand for environmental-friendly products from key end-use verticals is slated to drive the segment growth.

End-use Insights

The industry has been segmented into construction, oil & gas, aerospace, mining, industrial, power generation, automotive, marine, and others, on the basis of end use. The construction segment dominated the overall industry, accounting for revenues of over USD 5 billion in 2015. This dominance and future growth of this segment can be attributed to rising infrastructure development activities and investments in emerging countries of Asia Pacific and Central & South America.

The growth of the aerospace and oil & gas segments is also expected to drive the demand for protective coatings during the forecast period, projected to grow at a CAGR of nearly 11%. This can be attributed to the increasing demand for the products in thermal barrier and surface protection applications, in the aforementioned industries, which witness high-temperature operations.

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Market Segment:

Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

        • Acrylic

        • Epoxy

        • Polyurethane

        • Alkyd

        • Polyester

        • Others

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

        • Solvent-borne

        • Water-borne

        • Powder-based

        • Others

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Polyvinyl Chloride Market Insights | Size, Status & Growth Factors | Forecast To 2025

Polyvinyl Chloride Market is projected to reach USD 79.11 billion by 2020 and is expected to grow with attractive CAGR of 5.0% over the forecast period. The decreasing dependability of PVC on non-renewable resources such as crude oil and natural gas as compared to other synthetic polymers is expected to drive the market growth. The demand for PVC in medical devices and automobiles owing to its characteristics such as high corrosion resistance, low price, workability, and effectiveness is expected to fuel market growth.

Polyvinyl chloride (PVC) is the third most widely produced synthetic plastic polymer globally after polypropylene and polyethylene. PVC is available in two forms, namely rigid and flexible. The rigid PVC has its application in bottles, doors & windows, non-food packaging, and construction of pipes. The flexible PVC is used in insulation of electrical wires and in the flooring of hospitals, homes, schools and areas where sterility is required.

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The major applications of PVC include electrical & electronics, construction, transportation, and consumer packaging. The product is used for car interiors such as dashboards and door panels owing to its high durability. In addition, PVC has its applications in the automotive industry as underbody coatings, sealants, floor modules, wire harnesses, passenger compartment parts and exterior parts on account of its inexpensive nature and abilities to reduce the vehicle weight and providing improved flexibility in designing.

Construction segment accounted for over 55.7% of the global market volume in 2013. The global events such as Summer Olympics and FIFA World Cup led to the increase in the construction spending in the BRICS nations which is likely to propel PVC demand in the industry.

The consumer applications including footwear, sportswear, and appliances contribute to over 12.0% of the global market volume in 2013. The wide use of PVC in footwear and clothing on account of its water resistance and inexpensive nature as opposed to rubber and leather is expected to bolster market growth over the forecast period.

The demand for PVC in electrical and electronics segment is expected to witness the fastest growth as opposed to its counterparts. This growth can be attributed to the increasing demand in the electronics market in Taiwan, China, and South Korea, which in turn is anticipated to fuel the demand of PVC over the forecast period.

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Market Segment:

Global Polyvinyl Chloride Application Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)

    • Construction

    • Consumer Goods

    • Packaging

    • Electrical & Electronics

    • Transportation

    • Others

Global Polyvinyl Chloride Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • Middle East & Africa

    • Central & South America

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Flow Chemistry Market Share, Size, Growth and Dynamics | Forecast To 2025

Flow Chemistry Market size is estimated to reach USD 2.39 billion by 2025, exhibiting a 9.9% CAGR during the forecast period. Rising penetration of this technology in pharmaceutical products is likely to drive demand over the forecast period. The technology demand is driven by growing demand for environmental friendly processes in comparison with batch manufacturing processes.

The technology provides favorable properties such as controlled environment, reduced reaction steps, low maintenance and less space occupancy. The ability of the technology to bring down production costs is expected to fuel the market growth over the forecast period. Extensive research and significant advancements such as 3D printing, microwave irradiation, photochemistry, and gas-based processes coupled with usage of flow chemistry is likely to further augment penetration in industry applications.

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CSTR reactors accounted over 40% of the market share in 2015. Early adoption and low cost of product is expected to play key role in driving the market demand over the forecast period. These reactors are fully automated in order to control the important reactor parameters such as pressure, torque, turbidity, pH level, gas flow, motor speed, and temperature.

Microreactors are likely to witness fastest growth from 2016 to 2025 with CAGR of 20%. Easy handling of unstable and hazardous materials coupled with high level of control during exothermic reactions is likely to fuel the demand for this technology over the forecast period.

Application Insights

Chemical application accounted over 30% of revenue share in 2015. Increasing usage of flow chemistry due to rising focus towards safety and environmental regulations, and cost effectiveness is likely to propel the market growth of this application over the forecast period.

Pharmaceuticals is expected to witness a growth due to increasing old age population and rising health awareness, which will lead to maximum usage of flow chemistry in this sector.

Regional Insights

North America dominated the market by accounting over 30% of revenue share in 2015. Technology advancements and established chemical industry in the region is expected to drive the demand in this region. Rising petrochemical investment is also expected to have a positive impact on market growth.

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Market Segment:

Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Pharmaceuticals

    • Chemicals

    • Academia & Research

    • Petrochemicals

    • Others

Reactor Outlook (Revenue, USD Million, 2014 - 2025)

    • CSTR

    • Plug Flow Reactor

    • Microreactor

    • Microwave System

    • Others

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Fuel Cell Market Profile | Dynamics and Key Players | Forecast To 2025

Fuel Cell Market was valued at USD 3.21 billion in 2016. The product’s ability to power various portable device and machines running on batteries, as well as high benefits over the conventional technologies concerning emission, is most likely to propel the fuel cell industry in the upcoming years.

Owing to the strict government regulations in the developed economies such as Europe and U.S., to reduce the emissions coupled with the technological advancements to support the existing electric grids is expected to boost the growth over the forecast period.

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The fuel cell market is expected to experience the growth in the number of private-public relationships to provide cost efficiency and facilitate a suitable platform for a technological shift. Reorganizing the businesses along with the mergers & acquisitions are the key strategies adopted by industry players to develop the end users.

Product Insights

Although the configurations of the fuel cells are the same, it is classified primarily by electrolyte used which also determines the most suitable application for them. In 2015, PEMFC product segment dominated the global market and accounted for approximately 65% of the total shipments. Broad scope in varied applications such as telecommunications, forklifts, automobile, data centers, backup systems and primary centers has led to the growth of the product in the market.

SOFC does not lose electrolyte owing to its all solid components, which gives it the ability to operate at high temperatures and reduces the need for expensive catalysts. Regarding revenue, the product is most likely to witness the fastest growth rate with the estimated CAGR of over 20% over the forecast period.

Stationary fuel cells such MCFC are the largest and most popular fuel cells. They are designed to supply reliable and clean on-site power. The products are installed in big stationary power plants, which makes them possess thus making them the second largest for installed capacity.

Due to the strict government regulations in the developed region such as North America, it is most likely to develop as the leading market for fuel cells regarding installed capacity. In 2015, it accounted for about 50% of the global installed capacity and was also predicted to continue the trend over the next six years on account of rapid commercialization and technology adoption of hydrogen-powered commercial vehicles. North America is projected to grow at an estimated CAGR of 25% between 2016 to 2025.

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Market Segment:

Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

        • PEMFC

        • PAFC

        • SOFC

        • MCFC

        • Others

Application Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

        • Stationary

        • Transportation

        • Portable

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Chemical Indicator Inks Market Profile | Opportunities & Challenges | Forecast To 2025

Chemical Indicator Inks Market is primarily been driven by vigorous demand in surgical instrument markets for sterilization processes. It is anticipated to be valued at USD 83.8 million by the end of 2024. The demand is been increased due to growing medical and healthcare industries. The market estimates to grow at CAGR over 8% over the forecasted period.

The market predominantly covers through water based chemical indicator inks which is more than 60%. Rising R&D expenditure by the companies of this market will fuel the market to grow in forecasted period.

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Water based inks are expected to grow exponentially at a CAGR of 8% from 2016 to 2024. Inks usage in steam sterilization processes is accounted to cross 40% of the overall industry in 2015. Revenue generated from steam sterilization was more than USD 15 million. UV cured chemical indicator inks market made USD 18 million in 2015. These are different from water based or solvent based. Rotogravure printing process covered over 15% of the overall market revenue in 2015. The industry share will increase by 2024 owing to increasing environmental regulators for VOC emission.

Application Insights

Tapes have the largest market share in terms of revenue following up with pouches, tags& labels, sterile bags. Expansion of healthcare industry has brought tremendous rise in this market. IV & blood containers are utilized in large quantity mainly by hospitals, nursing homes, ambulatory facilitators; rise of these will ignite the growth of the market.

Ethylene oxide sterilization is mainly used for medical and pharmaceutical products. Rotogravure printing comprises of chemical based indicator inks that are mostly suitable for printing. Also, market share for this segment is moderate because of its cost.

Regional Insights

North America has the highest market share in terms of revenue, in 2015, it was more than USD 15 million. Also, aging population in the region is the main reason for rising demand for healthcare facilities, increasing the market size for chemical indicator inks. APAC indicates rapid growth over healthcare industries which will fuel the product market at a CAGR of 8%.

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Market Segment:

Chemical Indicator Inks Product Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)

        • Solvent-based

        • Water-based

        • UV cured

Chemical Indicator Inks Sterilization Process Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)

        • Steam

        • Ethylene Oxide

        • Vaporized hydrogen & plasma

        • Formaldehyde

        • Others

Chemical Indicator Inks Printing Process Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)

        • Flexographic

        • Rotogravure

        • Screen

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Animal Feed Antioxidants Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2025

Animal Feed Antioxidants Market size was valued at USD 183.4 million in 2014. Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.

Antioxidants are mainly used in animal feed industry for providing protection of essential nutrients such as vitamins, fats, and pigments from deterioration. Furthermore, these ingredients are capable of extending the storage period as well as the durability of animal feed.

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Poultry was the largest market, accounting for 34.3% of global share in 2015. Rising demand for frozen chicken as a result of increasing importance of convenience food is expected to increase the consumption of antioxidants among livestock over the forecast period.

Over the past few years, the governments of South Africa and Nigeria have been initiating various policies aimed for the improvement of poultry farming on a domestic level. The above mentioned favorable policy toward the development of poultry farming on a national level is expected to open to increase new applications over the projected period.

The market demand for cattle was 16.0-kilo tons in 2015 and is expected to witness significant gains as a result of increasing outbreaks of diseases including Bovine spongiform encephalopathy (BSE). Furthermore, animal feed antioxidants demand in aquaculture was USD 16.9 million in 2015.

Product insights:

Synthetic products forms held a market volume of over 50% in 2015. They are used on account of excellent stability as well as enhanced shelf life as compared to natural counterparts. Furthermore, low prices of synthetic ones as a result of their high market visibility as a product is expected to have a positive impact.

Natural antioxidants are expected to foresee volume growth over 4% as a result of stringent regulations aimed at limiting the scope of synthetic counterparts for reducing greenhouse gas emissions. However, the predominant consumption of the oilseeds in direct food consumption is expected to decrease the availability of feedstock to the feed ingredients processors.

Regional Insights:

Asia Pacific was the largest market, accounting for 51.5% of global industry share in 2016. The firm foothold of the farming base of cattle, pork and poultry species in China, India, Australia and New Zealand is expected to have a positive impact on the market. However, low adoption rates of antioxidants in unorganized cattle farming sector of developing countries including China and India is projected to hamper the industry growth.

North America market was valued at USD 46.6 million in 2015. The increasing importance of anti-oxidation property for ensuring the durability and high-shelf life for the finished goods in meat processing sector of the U.S. is expected to play a vital role in expanding the market reach in the near future.

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Market Segment:

Animal Feed Antioxidants Product Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • Natural

        • Synthetic

                • Ethoxyquin

                • Butylated Hydroxyanisole (BHA)

                • Butylated Hydroxytoluene (BHT)

Animal Feed Antioxidants Livestock Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • Swine

        • Poultry

        • Cattle

        • Aquaculture

        • Others

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Air Ambulance Services Market Profile | Future Demand & Growth | Forecast To 2025

Air Ambulance Services Market was worth USD 3.7 billion in 2016 which is anticipated to grow at a CAGR of more than 9.3% during the forecast period. The factors contributing to the growth of the market are increasing the prevalence of chronic diseases, for instance, cardiac disorders which need an emergency medical response, accessibility of reimbursement policies, rising per capita healthcare expenditure and improvement of medical infrastructure in entertainment & sports industry.

An exponential rise in the per capita healthcare spending is observed worldwide in the past twenty years. According to the statistics given by The World Bank Group, in 1996, the per capita healthcare expenditure was approximately USD 467.6 and this figure raised exponentially to USD 1,060.9 in 2014. The 55.0% growth in per capita healthcare spending can be associated with better access to quality care, better economic conditions, and rising awareness amongst the population. These factors also contribute towards a rise in demand for air ambulance services in the last five years.

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The air ambulance service operators, particularly in developing nations, are offering a wide spectrum to air ambulance services to leverage the increasing demand. Additionally, increase in the number of service providers has intensified the competition in this market. For instance, there exist more than 1,300 aircrafts provided by 300 air ambulance operators, cumulatively, in the U.S.

The incidence of chronic disorders which require an emergency response, for instance, cardiovascular conditions, are increasing at alarming rate. According to a report published by the WHO, cardiovascular diseases contributed to the highest number of total global fatalities. In 2012, 17.5 million deaths translating to 31.0% of the global deaths occurred due to cardiovascular disorders. Air ambulances are highly useful in life-threatening conditions and therefore, these services have continued to hold a steady demand in spite of being expensive.

Developed economies, for instance, the U.S., provide reimbursement policies which enable the air ambulance service providers to overcome the issues related to high service prices and helped the market grow at a remunerative rate. The Government of Accountability Office (GAO) published statistics which say that Medicaid and Medicare payments contributed to approximately 12.0% and 30.0% of market revenue correspondingly whereas private insurers contributed to nearly 50.0% of market revenue. The air ambulance services are expensive, therefore, out of pocket payments are infrequent.

Based on the type, the global air ambulance market is segmented into fixed wing services and rotary wing services. The rotary wing services, involving helicopter based air medical transport, held more than 68.0% of market share in 2016. These services are used for medical transfer of patients for shorter distances. Additionally, helicopters can easily land on streets, rooftops, and ground thereby increasing the accessibility of these services.

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Market Segment:

Air Ambulance Service Types Outlook (Revenue, USD Million; 2014 - 2025)

        • Rotary-Wing

        • Fixed-Wing

Air Ambulance Service, Service Model Outlook (Revenue, USD Million; 2014 - 2025)

        • Hospital Based

        • Community Based

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Active Pharmaceutical Ingredients (API) Market Profile | Demand, Cost and Profit | Forecast To 2025

Active Pharmaceutical Ingredients (API) Market size was worth at USD 134.2 billion in the year 2015 which is anticipated to reach a value of USD 239.8 billion by 2025, with CAGR of 6.0%. Rising prevalence of chronic diseases such as neurological diseases, cardiovascular diseases, can lead to the growth.

The key drivers can be the rising demand of efficient and rapid acting drugs and introduction of innovative drug production facility. Major key players are choosing for outsourcing the product from the developing regions such as India, Brazil and China, which also anticipated to drive the market.

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Based on synthesis type, the market is categorized into synthetic and biotech. Various methods are adopted by the manufacturing companies depending up on the complexity of the molecule required. Synthetic drugs are manufactured on the basis of organic chemistry in contrast to biotechnology based drugs, which are produced by utilizing molecular techniques. Further classification of biotech segment is recombinant proteins, monoclonal antibodies and vaccines.

In 2015, synthetic segment held the largest share. The key factors for the biotech APIs segment growth are large R&D investment for new biosimilars, increasing demand for protein-based medicines, and rising focus of key manufacturers toward biological drugs.

Manufacturer Type Insights

Based on the type of manufacturer, it is categorized into outsourced or merchant or in-house or captive APIs. According to market estimates, in 2015, in-house APIs was the largest segment and outsourced APIs are anticipated to be the fastest growing market.

All pharmaceutical companies does not have separate unit for the formulation of API. This has led to rise in the outsourcing of the molecules from the production sites. The need of investment in expensive production processes is eliminated by the outsourcing.

Cancer, neurological disorders & CNS, endocrinal disorders and cardiovascular diseases are some of the major applications of the API. In 2015, CVD (cardiovascular diseases) dominated the market owing to its high rate of prevalence and high product availability. CVD has been reported as the major cause of death in the U.S since many years.

In addition, oncology is expected to be the fastest-growing segment and is estimated to witness the CAGR of 7% owing to high number of products waiting approval. Moreover, increasing prevalence of cancer worldwide is anticipated to further boost market.

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Market Segment:

API Type of Synthesis Outlook (Revenue, USD Billion, 2014 - 2025)

        • Biotech

                • Monoclonal antibodies

                • Recombinant proteins

                • Vaccines

        • Synthetic

API Type of Manufacturer Outlook (Revenue, USD Billion, 2014 - 2025)

        • Captive APIs

        • Merchant APIs

API Type Outlook (Revenue, USD Billion, 2014 - 2025)

        • Generic APIs

        • Innovative APIs

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