GLOBAL REFRIGERATION MARKET TO REMAIN CONSOLIDATED TILL 2025

The global refrigeration oil market is anticipated to demonstrate healthy growth in coming years, as reported by Transparency Market Research (TMR). The competitive landscape of the global refrigeration oil market features consolidation at present. The top 5 players held 95% of the overall market share in the global market. These players are Exxon Mobil Corp., Royal Dutch Shell, Idemitsu Kosan Co., Ltd., MEIWA, and BASF. These vendors exert dominance in the global refrigerated oil market on account of their vast geographical reach and robust product portfolio.

Vendors in the global refrigeration oil market are expected to dedicate resources to research and development activities. This is a key strategy adopted by vendors in order to gain momentum by launching effective and innovative products in the refrigeration oil market. A prime example is the introduction of a hydrofluorocarbon-based refrigeration oil by Idemitsu Kosan Co., Ltd.

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TMR projects the global refrigeration oil market to reach US$1.77 billion by 2025-end. The market is anticipated to grow at 5.8% CAGR over the forecast period 2017 to 2025.

Synthetic oil is expected to exhibit highest potential for growth among the product segments in the refrigeration oil market. High demand of the product due to its compatibility plays a key role in boosting this market segment. Among the regional segments, while North America will continue to be a dominant market, Asia Pacific is prognosticated to exhibit swift growth in the global refrigeration oil market in the coming years.

Rising Need for Food and Beverage Preservation to Boost Refrigeration Oil Market

The growing demand for coolers, freezers, air conditioners and car hVac system is propelling the growing intake of packaged food and the preservation and use of vaccines and medicinal products. The industry is being fuelled by increasing demands from the food and drug industries for refrigeration oil to increase its shelf life. Furthermore, increased demand for consumer equipment and increasing preference for GWP coolants are key factors which should drive the refrigeration oil market. Furthermore, technological progress and changing lifestyles of people globally influence the growth of the refrigeration oil market significantly.

Use of Nanoparticles to Emerge as Key Market Trend

Lubricant and additive chemicals that improve heat transfer and compressor efficiency have been given more attention over the last few years. Many companies worldwide incorporate nanoparticles in refrigerant oil to improve the properties of heat transfer. Current trends also include the use of coolants with a powerful affinity to metal, which have an activated polar molecule. These additives form a thin layer of the compressor's metal surfaces. This layer lubricates the moving components of the compressor, thus improving the heat transfer and increasing system efficiency.

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Emission of Fluorocarbons to Restrain Growth

The main restrictions on the growth of the refrigeration oil market are strict regulations limiting the use of fluorocarbon refrigerants. Government agencies have created stringent regulations to restrict the use of fluorocarbon coolants because of an increase in Green House gas emissions, with oil control complexities likely to limit the world refrigeration oil market. The shift to frozen and cooled products such as poultry, meat and milk, however, is forecast to escalate compressor demand, thus driving the refrigeration oil market during the forecast period.

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Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

The global wood coatings market features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

TMR projects the global anthocyanin market to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...

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