Treated Distillate Aromatic Extract (TDAE) Market To Discern Steadfast Expansion by 2025 | International Key Vendors - Total, H&R Group, Nynas, CPC Corp, IRPC, CNOOC, ATDM

Overview of Global Treated Distillate Aromatic Extract (TDAE) Market:

This report provides in-depth study of “Global Treated Distillate Aromatic Extract (TDAE) Market 2021” using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Treated Distillate Aromatic Extract (TDAE) Market report also provides an in-depth survey of key players in the market organization.

The Global Treated Distillate Aromatic Extract (TDAE) Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Treated Distillate Aromatic Extract (TDAE) market size to maintain the average annual growth rate of 0.0327096471849 from US$ 630.0 Million in 2015 to US$ 740.0 Million in 2019, market analysts believe that in the next few years, Treated Distillate Aromatic Extract (TDAE) market size will be further expanded, we expect that by 2025, The market size of the Treated Distillate Aromatic Extract (TDAE) will reach US$ 880.0 Million.

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As per the market report analysis, Treated Distillate Aromatic Extract (TDAE) is rubber processing oil with high aromatic content. Treated Distillate Aromatic Extract (TDAE) is used rubber softening additive in the process of vulcanization of rubber. Its high viscosity-gravity constant has made it highly preferable in the tire manufacturing applications, thereby, reducing heat buildup. According to the industry experts, transportation industry is poised to grow beyond USD 1.3 trillion by 2020, expanding at dynamic CAGR and likely to set enhanced consumption of Treated Distillate Aromatic Extract (TDAE).

In terms of the regional analysis, North America is another growth attractive Treated Distillate Aromatic Extract (TDAE) Market and has accounted for one-fifth of the global share. After a slight slump, demand for industrial rubber products has been recovering in the U.S. Adoption of consumer as well as commercial vehicles is on the rise and is anticipated to drive the Treated Distillate Aromatic Extract (TDAE) consumption in the tire manufacturing in this country. Europe was considered as the largest consumer earlier, although, stringent government regulation have restricted the use of Treated Distillate Aromatic Extract (TDAE) and have made this region to occupy least numbers of global share.

Global Key Vendors:

1 H&R Group

2 Nynas

3 Total

4 CPC Corporation

5 IRPC

6 CNOOC

7 Shandong Tianyuan Chemical

8 ATDM

9 Suzhou Jiutai Group and More……………

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Product Type Segmentation

1 High Sulphur TDAE

2 Low Sulphur TDAE

Industry Segmentation

1 Passenger Car Tyre

2 Commercial Car Tyre

Global Business News:

Total (March 25, 2021) - Total and MSC Cruises officialised today a supply agreement for approximately 45,000 tons per year of Liquefied Natural Gas (LNG) to MSC Cruises’ upcoming LNG-powered cruise ships to make calls in the port of Marseille (France). 

This agreement underlines a strong collaborative action across the French maritime industry and the excellence of its value chain, from shipbuilding to the supply of cleaner marine fuels, and the involvement of local port authorities to enable the vessels’ safe operatorship. 

Pierfrancesco Vago, MSC Cruises’ Executive Chairman, said: “This agreement represents a further step in our ongoing journey towards continuously reducing our environmental footprint, for which LNG is currently a crucial component. As we prepare to launch our first of three upcoming LNG-powered cruise ships in 2022, through this key agreement Marseille will become our hub in the Mediterranean for the refuelling of our latest-generation and most environmentally advanced ships.” 

Alexis Vovk, President, Marketing & Services at Total, declared: “We are proud to be developing the first LNG bunker supply chain in France, at the port of Marseille-Fos, together with shipping industry leaders such as MSC Cruises with whom we nurture a long-lasting partnership worldwide in the field of bunkering services. Total will continue to step up investments in LNG bunkering to ultimately reach its target of serving more than 10% of the global market. By doing so, we will continue to accompany the energy transition of the shipping industry and the reduction of carbon emissions of our customers, in line with our Climate ambition to get to Net Zero by 2050, together with society.” 

The signature of this agreement has been placed under the high patronage ofAnnick Girardin, French Minister for Marine Affairs. It benefits from the direct support of the Minister, who has declared: “I welcome this agreement between MSC Cruises and Total. This is a strong commitment to the environment, which demonstrates that when major economic players commit to the ecological transition, they can access new levers for economic development. This is also what maritime France is all about! This agreement also illustrates France's full potential for competitiveness and attractiveness. In line with the Fontenoy maritime forum, I wish that these links between shipowners, energy companies, ports and shipyards will continue to develop, in line with the sustainable development goals.”

Used as a marine fuel, LNG sharply reduces emissions from ships, resulting in a significant improvement in air quality, particularly for communities in coastal areas and port cities. This agreement therefore impacts positively not only the city where LNG bunkering will take place, Marseille, but also all the ports where the cruise ships will make their future call around the Mediterranean Sea.

MSC Cruises’ LNG powered vessels will be amongst the most technologically advanced cruise ships in the world, bringing a range of environmental innovations to the market. Chief amongst these is a 50-kilowatt, LNG-powered solid oxide fuel cell technology project that offers a potential to further reduce significantly greenhouse gas emissions compared to a conventional LNG engine.

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Major Points in Table of Contents:

Global Treated Distillate Aromatic Extract (TDAE) Market Report 2021

1 Treated Distillate Aromatic Extract (TDAE) Product Definition

2 Global Treated Distillate Aromatic Extract (TDAE) Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Treated Distillate Aromatic Extract (TDAE) Shipments

2.2 Global Manufacturer Treated Distillate Aromatic Extract (TDAE) Business Revenue

2.3 Global Treated Distillate Aromatic Extract (TDAE) Market Overview

2.4 COVID-19 Impact on Treated Distillate Aromatic Extract (TDAE) Industry

3 Manufacturer Treated Distillate Aromatic Extract (TDAE) Business Introduction

3.1 H&R Group Treated Distillate Aromatic Extract (TDAE) Business Introduction

3.2 Nynas Treated Distillate Aromatic Extract (TDAE) Business Introduction

3.3 Total Treated Distillate Aromatic Extract (TDAE) Business Introduction

3.4 CPC Corporation Treated Distillate Aromatic Extract (TDAE) Business Introduction

3.5 IRPC Treated Distillate Aromatic Extract (TDAE) Business Introduction

3.6 CNOOC Treated Distillate Aromatic Extract (TDAE) Business Introduction

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