Press release
3 major trends expediting global 1,5 cyclooctadiene market growth | Spex Certiprep, Biosynth Carbosynth, ABCR Gmbh, Hairui Chemical, Oakwood Chemical, AK Scientific, AA Blocks
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/4887
Developing countries have been witnessing a considerable increase in agricultural activities, thereby surging the usage of agrochemicals like fertilizers and pesticides. The demand for 1,5-cyclooctadiene products will be stimulated by the rising disposable income and product usage as a catalyst in research activities. In several studies, the reduction of Fe (iron) complex by using potassium graphite in the presence of high 1,5-COD proved to be more efficient than with potassium metal or lithium.
In the wake of the COVID-19 pandemic, the biotech and pharmaceutical sectors have been indulging in various R&D activities by using 1,5 cyclooctadiene. These escalating 1,5 cyclooctadiene uses, alongside the ‘Made in India’, ‘Made in China 2025’, and other government initiatives to support the manufacturing sector, will amplify industry outlook in years to come.
As per Global Market Insights, Inc. estimates, the global 1,5 cyclooctadiene market size is expected to cross $300 million by 2026.
Massive influx of migrants in Western European and Nordic countries
The construction segment in Europe is likely to record $2,778.3 billion in revenue by 2023, on account of the massive influx of migrants in Germany, the Netherlands, and other Western European countries as well as in Nordic countries like Finland, Denmark, Sweden and Norway, contributing to the construction sector and subsequent growth of the 1,5 cyclooctadiene market.
On the other hand, the rubber end-use segment will gain significant traction over the forecast spell, owing to the rising rubber applications in industries like textile, printing and paper, power generation, petroleum, mining, medical, construction, chemical, automobile, aerospace, and agriculture. 1,5-cyclooctadiene has also been employed as a chain transfer agent for controlling the M.W. (molecular weight) of cis-polybutadiene rubber in 1,3-butadiene polymerization reaction catalyzed by cobalt.
Mounting usage of specialty chemicals in automotive & other industries
With regards to the application spectrum, the global 1,5 cyclooctadiene market from the specialty chemicals segment is projected to witness a remarkable upsurge in years to come, which is attributable to factors such as the robust adoption of specialty chemicals in automotive, rubber, paints and coatings, construction, and other industries.
The chemical intermediate application segment registered remuneration of $42.84 million in 2019 and will expand at a growth rate of more than 5% through 2026. The segmental expansion can be credited to the accelerating usage of 1,5-COD as a chemical intermediate in manufacturing nylon for consumer and industrial machinery, wire and cable, film and coating, appliances, electrical and electronics, and automotive applications.
On the other hand, the elastomers application segment recorded $29.18 million in revenue in 2019 and is anticipated to exhibit a growth rate of more than 5.5% through 2026, as a result of the mounting adoption of 1,5 cyclooctadiene in the synthesis of elastomers, along with its robust demand in the automotive sector due to myriad benefits like flexibility and productivity.
Request for an in-depth table of contents for this report @
https://www.gminsights.com/toc/detail/1-5-cyclooctadiene-market
Rapid investments in social & economic infrastructures in Europe
On the regional front, the Europe 1,5 cyclooctadiene market registered remuneration of $81.64 million in 2019 and will depict a CAGR of more than 4% through 2026, which can be credited to the increasing construction activities and high investments in social and economic infrastructures.
The North America 1,5 cyclooctadiene market will hold a considerable share over the estimated timeline, owing to the established chemical industry, the presence of numerous key players, and the robust demand for packaged foods.
The competitive landscape of the 1,5 cyclooctadiene industry comprises of companies such as Evonik Industries AG, BroadPharm, AA Blocks, AK Scientific, Oakwood Chemical, Hairui Chemical, ABCR Gmbh, Biosynth Carbosynth, Spex Certiprep, TCI Chemicals, and Sigma Aldrich, among others. These firms are implementing strategies such as innovative product launches, M&A, and business expansions to increase their footprint across the globe.
Browse More News:
https://www.globenewswire.com/news-release/2018/08/14/1551419/0/en/Rotomoulding-Powder-Market-worth-29bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2018/08/13/1550743/0/en/Cosmetics-Preservative-Market-worth-1-4bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2018/08/13/1550649/0/en/Dipentene-Market-to-reach-1-9bn-by-2024-Global-Market-Insights-Inc.html
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 3 major trends expediting global 1,5 cyclooctadiene market growth | Spex Certiprep, Biosynth Carbosynth, ABCR Gmbh, Hairui Chemical, Oakwood Chemical, AK Scientific, AA Blocks here
News-ID: 2292458 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Europe
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The key players covered in this study
McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe…
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This…
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export…
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables).
Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and…
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On…
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period.
A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose…
