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Transparency Market Research: The industrial water service market is projected to touch US$ 556.6 Bn mark by 2031. The upgrade to smart water network for industrial water services is deemed necessary to improve the efficiency and reliability of the physical water infrastructure. In order to serve this, stakeholders in the industrial water service market are investing in R&D for IoT devices and data analytics tools. The deployment of these tools is anticipated to support improved management of industrial water service infrastructure and reduced water losses.

The sales graph in the industrial water service market is ascending due to operational upgrades to provide customized water solutions. For instance, industrial water service companies align their operations with large volume water required for the drilling of oil and gas.

Service providers in the industrial water service market are playing a key role for sales growth to attain new heights. For instance, to serve the power generation sector, companies in the industrial water service market work closely with service providers and equipment manufacturers to provide complete and integrated solutions.

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Companies in the industrial water service market are consistently expanding their water production capacity and are boosting their wastewater treatment capabilities to serve their industrial customers. Thus, companies are increasing their proficiency in multimedia filtration, ultrafiltration, and reserve osmosis to consolidate their credibility. This allows them to increase the availability of solutions such as in microbiology control, coarse and fine filtration, and condensate treatment.

Apart from this, initiatives to expand the output capacity in clarified water is a focus of companies in the industrial water service market. This is translating into increasing demand for clarified water in heavy industries such as petrochemicals. Besides petrochemicals and power generation, companies in the industrial water service market are tapping into opportunities in the agriculture sector. This will manifest into sales growth in the industrial water service market at an estimated CAGR of 6.9% for the forecast period from 2021 to 2031.

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Industrial water Service Market – Key Findings of Report

• Potential of next gen data analytical tools and IoT devices foreseen to support important changes in the operations of water utilities and water companies.
• Need for integration of circular practices experienced in the India textile industry to manage toxic wastewater.
• Keen players in the industrial water service market are leveraging the need for innovative solutions for water and wastewater treatment in the metal finishing and textile production industry segments. This involves devising solutions for cleaning and surface preparation in the metal finishing sector and pre-treatment solutions for the textile sector.
• Players in the industrial water service market need to design systems to adhere to regulations of the U.S EPA to serve the metal finishing industry.
• Water supply management service type is anticipated to contribute leading revenue to the industrial water service market in the coming years.

Industrial Water Service Market – Growth Drivers

• Need for assistance for the efficient channeling and sustainable use of industrial wastewater fuels the growth of industrial water service market
• Integral role of smart water technologies within water services in the development of smart cities for an array of operations underscores growth

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Industrial water Service Market – Key Players

Some of the key players operating in the industrial water service market are

• Salher
• Veolia Environment
• Ecolab
• PARKER HANNIFIN CORP
• Evoqua Water Technologies LLC
• United Utilities Grop PLC
• Danaher Corporation
• Toshiba Corporation
• Dober
• American Water
• Pentair
• Suez Environments S.A.
• Xylem Inc.
• DuPont

The industrial water service market is segmented as follows;

Industrial Water Service Market by Service Type

• Water Resources Management
• Water Supply Management
• Waste Water Management

Industrial Water Service Market by End User

• Pharmaceutical Industry
• Power Generation Industry
• Pulp and Paper Mills
• Microelectronics
• Food & Beverage Industry
• Oil & Gas
• Automotive
• Mining & Metals
• Others

Industrial Water Service Market by Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Food & Beverages Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research’s award-winning coverage of the global Food & Beverages Market:                 

Liquid Water Enhancers Market: https://www.transparencymarketresearch.com/liquid-water-enhancers-market.html

Rose Floral Water Market: https://www.transparencymarketresearch.com/rose-floral-water-market.html

Transparency Market Research: The rise in the use of trichloroethylene (TCE) in a wide variety of applications such as spot-removal solvents, degreasers, and hydrofluorocarbon refrigerants is likely to impact the global trichloroethylene market positively. Government stimulus packages and initiatives designed to assure business continuity in the BFSI sector are benefitting stakeholders in the trichloroethylene market. They are stepping up their attempts to commercialize market volatility by implementing the plug-and-play approach in manufacturing.

The use of trichloroethylene has increased moderately, as the global demand for general solvents, conventional degreasers, and fluorocarbons has increased. The growth of the global trichloroethylene market is likely to be influenced by a considerable increase in demand and production for spot-removal solvents. The demand for trichloroethylene is also being propelled by the rising demand for degreaser applications and hydrofluorocarbon refrigerants.

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The global trichloroethylene market is expected to expand at a CAGR of 0.9 % during the forecast period, from 2021 to 2031. By 2031, the market is estimated to value US$ 641.52 Mn. Manufacturers are developing consistent income streams in the adhesion business.

Key Findings of Market Report

• Cold Cleaning Applications and Heavy Duty Vapour Degreasing to Boost Demand for TCE

Cold cleaning and degreasing applications provide a constant stream of revenue for trichloroethylene market participants. Westlake, a plastic and chemical producer, is expanding its TCE range, which is utilized for vapour degreasing and liquid oxygen flushing. Cold cleaning applications and heavy duty vapour degreasing are fuelling the need for general solvent grade trichloroethylene.

Trichloroethylene manufacturers are expanding the supply of high purity grade TCE so as to produce minimal residue solvents for liquid oxygen flushing, chemical synthesis, and cleaning electronic components. Trichloroethylene of fluorocarbon grade is being promoted as a feedstock. As a result, for TCE supply, safe production as well as years of handling expertise is required. Thus, manufacturers are taking public safety and environmental concerns into account.

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• Trichloroethylene of Superior Quality Assists Manufacturers in Attracting More Customers

Businesses in the global trichloroethylene market are expanding their liquid TCE production capacity for commercial applications such as the development of industrial solvents. As trichloroethylene is related to possible hazards to the environment and human health, trichloroethylene manufacturers are implementing industry-wide best practises for trading and supplying high-quality chemicals.

Manufacturers of trichloroethylene, on the other hand, are increasing manufacturing of pure TCE. Companies are delivering top grade TCE at affordable rates in order to obtain competitive advantage over other producers.Quicker turnaround times are being sought by manufacturers in order to guarantee long-term supply networks with customers, clients, and partners. Such strategies assist manufacturers in gaining a large customer base, which can lead to market domination. Trichloroethylene is in high demand due to the rising need for heat exchange liquids.

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Trichloroethylene Market: Growth Drivers

• Trichloroethylene (TCE) is a chemical that is usually employed in commercial and industrial operations. It is used to degrease metal components while manufacturing of a range of items. Stain removers, paint removers, adhesives, and certain wood finishes are all examples of consumer items that contain TCE. It is also useful in the production of a variety of compounds.
• In corrosion prevention, trichloroethylene is utilised as a paint removal fluid. Paints used to shield a substrate metal against infiltration frequently hit the end of its useful lifespan or start to degrade. In the forthcoming years, the paint remover sector is expected to increase at a stable rate, which is likely to drive the demand for TCE.

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Trichloroethylene Market: Key Competitors

Some of the key market players are

• The Dow Chemical Company
• Kanto Denka Kogyo Co. Ltd.
• Westlake Chemical Corporation
• Acuro Organics Limited
• Befar Group Co. Ltd.
• Sankyo Chemical Co. Ltd.
• Toagosei Co. Ltd.

Trichloroethylene Market: Segmentation

Grade

• Standard Degreasing and General Solvent
• Dual-purpose
• High Purity
• Fluorocarbon

Manufacturing Process

• Oxychlorination
• Chlorination

Application

• Degreaser
• Hydrofluorocarbon Refrigerant
• Spot-removal Solvent
• Adhesive
• Paint Remover

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Transparency Market Research: The role of world’s national-level oil companies and international oil companies with large petrochemical assets accounts for a significant share of the petrochemicals market. Monetary investments made by national oil companies are significantly supports growth of the petrochemicals market.

The gradual rise in petroleum prices as most economies around the world slowly gather momentum after COVID-19 is helping to lift several associated business segments, including petrochemicals. This is stimulating the growth of the petrochemicals market after a lean period due to travel restrictions, dwindling oil & gas prices, and production cuts during the peak of the pandemic.

However, extensive disruptions in raw material supply chains during the pandemic, restricted movement of goods, and steep decline in the volume of seaborne transportation have impacted the overall petrochemicals market estimated to display moderate growth in the upcoming years. The petrochemicals market is projected to expand at a CAGR of 4.3% from 2020 to 2030.

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Petrochemicals Market – Key Findings of Report

China, Emerging Economies Contribute Substantially to Leading Position of Asia Pacific

Asia Pacific held more than 50% share of the petrochemicals market in 2019. China made leading revenue contribution to the regional market due to the extensive demand for petrochemicals from building & construction, automotive, and electronics sectors.

Prior to the outbreak of COVID-19, developing countries in the region contributed significantly in terms of revenue to the petrochemicals market. Petrochemicals are extensively used in the chemical industries that manufacture products for various other end-use industries such as paints & coatings and textiles.

The growth of the building & construction sector in developing countries of the region extended ample opportunities in the petrochemicals market. This, along with persistent demand for petrochemicals from the building & construction sector in other parts of the world, accounted for its leading share among end-use segments in the petrochemicals market in the recent past.

According to estimations of analysts at TMR, the building & construction sector is projected to hold more than 30% share of the petrochemicals market by 2030.

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The presence of a sizeable electronics industry wherein petrochemicals are widely used in the petrochemicals market in the region.

Use in Automobile Components for Functional Advantages Fosters Growth

The automobile components manufactured from petrochemicals products offer exceptional benefits such as lightweight that eventually helps with less fuel consumption. This, in turn, helps to control pollution to some extent.

Design flexibility and durability are some other factors that favor the demand for petrochemicals in the manufacture of automobile components. Automobile components such as tires, interiors, parts of the vehicle body, and dashboard are manufactured using petrochemical intermediates.

Automobile components manufactured from petrochemicals have other benefits too. Ease in processing of petrochemicals helps cut down assembling time in the manufacture of automobile components.

The use of petrochemicals is related to improve the safety aspect of automobiles. This stimulates the petrochemicals market.

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Ethylene to Stay Leading Product for Use in Numerous Applications

Ethylene is estimated to continue to be the leading product segment in the petrochemicals market. Ethylene is primarily used in the production of ethylene dichloride, ethylene oxide, and ethyl-benzene that are key petrochemical derivatives used in the packaging and building & construction sectors. The growth of the building & construction sector in most parts of the world prior to COVID-19 validates ethylene to be the leading product segment in the petrochemicals market.

Food & beverages, rubber & plastic, and medical are some other key end-use industries of ethylene and its derivatives.

Petrochemicals Market – Growth Drivers

• Demand for petrochemicals across an array of end-use industries from manufacturing to consumer goods drives petrochemicals market
• Interest of national and international oil companies and money invested to increase the economic value of petroleum stimulate petrochemicals market

Petrochemicals Market – Key Players

Some of the key players operating in the petrochemicals market are BASF SE, DuPont de Nemours Inc., Exxon Mobil Corp., Saudi Arabian Oil Co., BP Plc, Total S.A., China Petroleum & Chemical Corporation, Sumitomo Chemical Co. Ltd., and Dow.

Global Petrochemicals Market: Segmentation

Petrochemicals Market, by Product

• Methanol
  • Formaldehyde
  • Methyl Methacrylate (MMA)
  • MTBE
• Ethylene
  • Polyethylene
  • Ethylene Oxide
  • Ethanolamine
  • Ethyl Alcohol
  • Acetaldehyde
• Propylene
  • Polypropylene
  • Propylene Oxide
  • Acrylonitrile
  • Acrylic Acid
• C4 Stream
  • Butadiene
  • Isobutylene
• Benzene
  • Ethyl benzene
  • Cumene
  • Cyclohexane
• Toluene
• Xylene

Petrochemicals Market, by End-use Industry

• Aerospace
• Agriculture
• Automotive
• Building & Construction
• Consumer & Industrial Goods
• Electrical & Electronics
• Food & Beverages
• Healthcare
• Marine
• Paints & Coatings
• Power & Utilities
• Pulp & Paper
• Textiles & Leather
• Others (including Packaging and Fuel)

Petrochemicals Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research’s award-winning coverage of the global Chemicals & Materials Industry:

Neodymium Market – Value chains in the chemicals sector are being reconfigured due to complexities created by the COVID-19 pandemic. Companies in the neodymium market are witnessing economic and geopolitical shifts due to the pandemic. Changing consumer demands are affecting bottom lines and profitability. Hence, stakeholders are focusing on mission critical projects in key revenue generating sectors such as permanent magnets, phosphors & luminescence, and metallurgy.

Lignosulfonates Market – The global lignosulfonates market is broadly affected by several factors, including increase in usage of lignosulfonates in various end-use industries such as animal feed binders, concrete additives, and dust control. The rise in the global demand for calcium lignosulfonates and sodium lignosulfonates has led to significant growth in the usage of lignosulfonates. The increase in production and demand for dust control is expected to be the primary driver of the global lignosulfonates market. The growth of the animal feed binders & concrete additives industry is also propelling the demand for lignosulfonates.