Research conducted at Imperial College London
developed a new method to generate chemicals from atmospheric carbon dioxide.
The researchers imitated the action of natural organisms in producing toxic
chemical without harming themselves. Meanwhile, the new method could pave way
for greener production of fuels and chemicals. Current methods for production
of chemicals, plastics, and fibres involve the use of fossil fuels. However,
increased usage of fossils could contribute towards rising level of air pollution
and environmental toxicity. The new technique developed at Imperial College
reduces the use of fossil fuels in chemical production. The findings of the
research published in Proceedings of the National Academy of Sciences journal.
Problems in Using Fossil Fuels for Chemical and Fiber Production
Mining of fossil fuels in a labor-intensive
and cost-heavy activity. This puts pressure on miners and oil companies to meet
the required speed of production. Furthermore, the limited supply of certain
kinds of fossil fuels makes it difficult to put them to optimal use. Meanwhile,
excessive extraction of fossil fuels is the reason for disturbed carbon cycle
of the planet. The researchers looked for solutions to these problems in
engineering microorganisms. Cyanobacteria, and other microorganisms, could help
in sustainable production of chemicals from atmospheric carbon dioxide.
Moreover, these bacteria can be programmed in a way that they do not hamper
Mitigating Climate Change
The new method has tremendous relevance in
mitigating climate change as it could alleviate environmental pollution. Th
proof of concept for the study has been published in Proceedings of the
National Academy of Sciences. Researchers believe that advancements in
biotechnology shall fortify further research in this domain. The next decade
would be crucial in ascertaining the adoption rate of this new technique.
The acrylic acid is a polymer that is extensively used in the production of acrylic resins and testers. It is also increasingly being utilized as raw material for a variety of industrial products including adhesives and coatings. A rise in the demand for adhesives and coatings is contributing to the global market. The acrylic acid has a wide range of applications such as feminine hygiene products, baby diapers, textile, super absorbent polymers, detergents, and paper treatment which are boosting the growth of the global acrylic acid market.
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The global acrylic acid
market is progressing exponentially due to an upsurge in the utilization of
superabsorbent polymers that are used in the production of female sanitary
napkins and diapers for babies. The augmentation in the demand for products
such as sanitary napkins, diapers for both adults and babies is promoting the
progress of the global acrylic acid market.
Some of the key
insights about the global acrylic acid market are given below:
- The global acrylic acid market has five key regions viz. Latin America, North America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, the market is expected to be dominated by the Asia Pacific region owing to the massive consumption of the product in the form of adhesives, coatings, surfactants, and personal care products in the region.
- The leading players in the global market for acrylic acid are expected to witness strong competition in the coming years of the forecast period. Some of the leading brands in the global market include names such as LG Chem Ltd, BASF SE, Nippon Shokubai Co. Ltd, China Petroleum and Chemical Corporation, The Dow Chemical Company, and Mitsubishi Chemical Corporation among others.
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Recent housing crisis in the US had set construction industry back by several years. As the bubble burst, the housing prices came crashing down, and resulted in misfortune for millions who had invested in the real estate. Now, the story is set to overturn as US markets rebounds, and new initiatives in Asia Pacific reverse growth for the construction sector. Indian Finance Minister has announced that the country will invest over $5 trillion in the infrastructural development over the course of 2019-2024. This announcement promises major opportunities for players in the needle coke market. Needle coke is widely used in steel manufacturing or more specifically, arc furnaces used in steel manufacturing. Moreover, the steel supplies infrastructural constructions of bridges, ports, and highways plays an important role in the construction industry. Moreover, China has also announced trillion dollar investments in its signature Belt and Road initiative which will spur major growth for the steel industry, driven by construction industry. The rising demand for steel will drive tremendous growth for the needle coke market in the near future.
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Vehicle Promise a New Era of Growth for Needle Coke Market
All major global vehicle manufacturers have announced an electric vehicle of their own. Many of these are already in the process of launching their vehicle as emission standards rise, and make way for significant opportunities for players in the needle coke market. needle coke are used in manufacturing steel for electric vehicles as well as anodes used in lithium batteries. It is estimated that electric vehicles will make up nearly 40% of all vehicles by 2040. Their growing adoption with brands like Tesla, and growing push for sustainable energy by government entities around the world will drive tremendous opportunities for growth for players in the needle coke market.
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The sodium percarbonate market is expected to reach $600 mn in evaluation by 2019 as rise in demand for household as well as industrial application skyrockets. Moreover, the industrial applications for sodium percarbonate are also expected to diversify to create new opportunities for growth. Moreover, the demand for these products remains an all-time high from emerging regions of Asia Pacific. The sodium percarbonate landscape is a consolidated one with a few players, while emerging regions also open up new manufacturing operations, especially in India and China. Furthermore, the growth remains solid in the developed world with liquid formulations gaining an increased traction in recent years. However, some applications are also witnessing concerns as liquid product maker Solvay shut shop with its 50,000 ton capacity plant in the UK. Improved need for cleaning solutions, and growth of the cost-effective production in developing countries will likely shape future dynamics in the market.
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Green Products to Drive Growth in Sales
While cost-effective production remains a concern, growth of eco-friendly products in the EU region is a promising development for players in the sodium percarbonate market. the growth of products in EU, and growing demand for laundry detergents in both industrial, and household sector promises new avenues for growth in the sodium percarbonate market. The ability of the detergents to remove stubborn stains, and disinfect new products like diapers will drive tremendous growth for players in the sodium percarbonate market. Moreover, the growth in the textile industry with new products such as wearable textiles, and new materials, and rising spending on textiles in the US economy are expected to be a boon for players in the sodium percarbonate market. Moreover, the growth of new farming techniques such as aquaculture and need for natural disinfectants will also create new opportunities for players in the sodium percarbonate market.
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