Market insights

The report predicts the Oilfields Drilling Fluids Additives Market to grow with a CAGR of 2.56 % over the forecast period of 2018 - 2023. The Global Oilfields Drilling Fluids Additives Market size at $1575.10 million in 2017 is anticipated to grow extensively in 2023. The Global Oilfield Drilling Fluid Additives Market Industry Analysis states, oil production and exploration activities in the past decade have increased due to the rapid growth of the global economy that is highly based oil & gas sector to meet its energy demands. The chemical formulation has resulted in growing demand for Oil field drilling fluids used in the exploration process. Fluid viscosifiers hold the largest market share of about 81% followed by corrosion inhibitors, which accounted for about 6%. North America has witnessed significant growth in the market with a global share rising to more than 50% of the market in 2017 due to growing offshore drilling activities in the Gulf of Mexico. Request Sample What a...

The global refrigerant oil market generated a revenue of $10,113.31 million in 2017 and is expected to rise at a CAGR of 5.7% during 2018-2023. Among the various end users such as automobiles, industrial, commercial and household, automobiles sector generated a revenue of $2226.7 million and is expected to grow at a CAGR of 5.1%. The global refrigerant oil market is set to experience substantial growth due to the increased demand for refrigerant oils in air conditioners and refrigerators. APAC region dominates the refrigerant oil market due to the presence of numerous refrigerant oil providers as well as end users. What is Refrigerant Oil Refrigerant oil is used to lubricate the compressor that produces cold air. The use of oil reduces friction on metal parts, reducing wear on the compressor and extends the life of the system. Refrigerant oil is specially designed for high-temperature to use in cooling systems, so it is important to use the recommended lubricant for the equipment. For...

According to the International Trade Center (ITC), the total trade of printing inks was evaluated at approximately $12.23 billion as of 2018. [1] The demand for printing inks is attributed to the growth of the e-commerce industry, which is inducing a demand influx in the packaging industry, a key application segment of the printing inks market. Owing to its applications in various industries such as packaging, commercial printing, electronic, garment pricing, and the industrial sector, the global printing inks market attained a value of $19.1 billion in 2018. Furthermore, the demand for printing inks is poised to grow with a CAGR of 2.70% during the forecast period 2019-2025. Request Sample Europe is experiencing tremendous growth in the printing inks market. There are more than 1 million individual ink formulations used by European manufacturers. [2] Manufacturers are innovating new formulations to meet the specific print technology and end-user demands. Henceforth, Europe held the m...

These fuel markings helping the government to raise the revenue, combat smuggling as well as to improve environment. The global fuel petroleum dyes and markers market share worth$1.1B in 2017 and is projected to witness a market growth at CAGR of 4.64% during the forecast period of 2018-2023. Among dyes the florescent dyes generated highest revenue with 465.1M and is estimated to continue the dominance in coming years. North-America hold the largest market share with 28% and generated the highest revenue. Request Sample What is Fuel/Petroleum Dyes and Markers Market Fuel/petroleum Dyes are colored materials that convey more or less permanent color to other materials such as petroleum product, lubricating oils and gasoline. Fuel and petroleum dyes can also be termed as complex and unsaturated aromatic compounds which have characteristics such as solubility, intense color and substansiveness. Furthermore, Markers are colorless substance added to fuels which can be detected by adding some...

Composite materials are materials made up of leastwise two substances. Their integration formulates a new product with specific properties and at the same time the amalgamating individual components retain their identities as well. Some of the commonly manufactured composite materials are composite construction materials (concrete), reinforced plastics like FRPs, metal, and ceramic composites. Due to their distinctive properties such as rigidity with high strength to weight ratio, high resistance to chemical and weather, stiffness and corrosion resistance, and compliance with the modern era trends such as ‘lightweighting strong materials,’ it has scored tremendous scope of application in several flourishing sectors including aerospace, construction, wind energy, and automotive. With all its major employers holding a substantial share in modern economy, composite material market is valued at around $26 billion as of 2018. The analyst of this business intelligence report has tracked this...

Since the inception of flexible films, the packaging industry has been disrupted towards acquiring astonishing potential. Flexible packaging owing to its peculiarities such as lightweight, flexibility, easy to dispose, ease of mobility, minimal space requirement, and resealing has been very profitably capitalizing upon relentlessly mounting population and globally innovating consumption trends. Owing to such developments and economical traits, the flexible packaging market has found a tremendous scope of application in F&B, domestic consumables, pharmaceuticals, and other sectors in which extended shelf life of products is mandatory. Abundant potential has driven this arcade towards a staggering market size of $220 billion as of 2018. Flexible packaging market taking the role of packaging way beyond just accommodating and conserving products, has been progressing at a global compound annual growth rate (CAGR) of 3.7% during the forecast period of 2019 - 2025. Request Sample Flexi...

According to a finding of Proceedings of the National Academy of Sciences (PNAS) of the United States of America, pests and pathogens cost nearly $40 billion to the plants and forest crop production in the U.S. every year. This statistic is reflective of the need for agricultural chemicals such as insecticides, herbicides, fungicides, and pesticides on a large scale. The residential and commercial gardens are also affected by the resultant economic loss. As a result, they incorporate agrichemical sprays and fertilizers to eradicate pest issues along with promoting plant growth and crop yields significantly. The global agrochemical market revenue crossed $220 billion as of 2018 and will continue to leverage a better economy in the forecasted period. APAC is a massively populated region, therefore, it relies on farming and cultivation practices to balance the increasing food consumption rate. However, the rise in infested agricultural fields is a major limitation to the regional agricult...