APEJC region to be a major contributor in the global fine hydrate market
The global fine hydrate market is anticipated to show spectacular growth within the period of forecast (2016 – 2026). The market will reap benefits from the emerging markets of Asia Pacific excluding Japan and China. The global fine hydrate market is expected to expand at a value CAGR of 7.2% within the period of assessment. The global fine hydrate market is expected to account for more than US$ 532 Mn by the end of 2026. The market is anticipated to record a volume CAGR of 6.0% over the forecast period and is anticipated to reach a volume of more than 714.2 KT by the end of 2026. The North America and Western Europe region dominated the global fine hydrate market in 2015 in terms of volume. The major market players are eyeing the APEJC region. China, India and South Korea are likely to remain highly opportunistic markets over the forecast period in terms of overall hydrate demand.
Global fine hydrate market: China’s role
Though North America and Europe dominated the global fine hydrate market in 2015, China is likely to emerge as a key production and consumption base in the global fine hydrate market in the near future. In order to capitalise on the growing opportunities in the country, domestic players have been increasing their supply for various end user applications. The China market is expected to gain more than 800 BPS over the period of assessment. The Japan market in comparison to China is likely to lose more BPS within the forecast period. The China fine hydrate market is projected to record high growth over the period of assessment. The construction industry boom in China and rapid growth of the electronics and electrical industry has made it a massive procurer of cable compounds such as sheath and insulation of cables. Sales of fine hydrate in China is expected to represent a total incremental opportunity of more than US$ 105.1 Mn by the end of the foreseen period. Sales revenue in China is projected to reach a market value of more than US$ 162.2 Mn by 2026 end, increasing at a CAGR of 11.0% over the forecast period. The Chinese fine hydrate market is inclined towards high-growth high value and is anticipated to continue the same trend by the end of the forecast period.
APEJC region – the emerging future of the global fine hydrate market
APEJC is projected to increase at a CAGR of 7.0% over the forecast period. The consumption of fine hydrate in Asia Pacific Excl. Japan and China (APEJC) for cable compounds was pegged at more than 19.2 kilo tonnes in 2016 and it is expected to cross 38 kilo tonnes by the end of 2026. High growth potential is expected in various Asian countries with special attention in India and South Korea. In terms of value presently South Korea rules the APEJC fine hydrate market. The expanding market in the region is fuelled by a growing wires and cables industry, which supports the use of fine hydrate as a flame retardant in the manufacturing of cable compounds. South Korea and Australia & New Zealand together are expected to create an incremental opportunity of US$ 9.1 Mn, accounting for over one-third share of the total incremental opportunity. India is expected to emerge as the fastest growing market for fine hydrate in the APEJ region, expanding at a CAGR of 9.5% in terms of revenue. The sales revenue of India is expected to cross US$ 16.2 Mn by the end of the forecast period. Sales of fine hydrate in the rest of APEJC is expected to represent a total incremental opportunity of more than US$ 3.1 Mn between 2016 and 2026.
Future Market Insights in this report on the fine hydrate market has drawn an in-depth picture of the global market. The report titled “Fine Hydrate Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” defines the tone of the market and analyses the future psyche of the global and regional markets. We have gauged the growth rate of various market segments and assessed the hidden opportunities and revealed them to various stakeholders present in the market. In this periodical forecast of the global fine hydrate market, we have primarily focussed on different factors that are likely to impact the demography of the global fine hydrate market. Our analysts have studied all the minute details of the global fine hydrate market and have identified multiple drivers, restraints and trends that are expected to change the face of the global fine hydrate market in the next 10 years. The business operations of large and medium companies do affect the growth of a market. In this market insight we have profiled all the major shareholders and tried to decode their investment planning and market strategies. Our analysts have done an extensive study on the market dynamics likely to influence the fabric of the global fine hydrate market.
Our report on the performance of the global fine hydrate market scrutinises the future of the market. The report provides a 360-degree view of the global fine hydrate market. The report begins with an executive summary and market definition to give readers a proper and balanced market view in a nutshell. In the market taxonomy section we have fragmented the market into application and region. In the following section we have talked about the market dynamics and have done an independent analysis of the factors that are likely to decide the fate of the global fine hydrate market in the years to come. The next chapter of the report measures the expansion of the market in terms of volume and value.
In the last section of the report we have provided a thorough analysis of the key market players operating in the global fine hydrate market. We have profiled the companies and showcased and studied their performance and also tried to unlock their future strategies that are targeted towards the market. We have also highlighted the long-term and short-term goals of these companies and tried to reveal the future investment policies that would probably leave an impact on the global and regional revenue of the global fine hydrate market. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global fine hydrate market.
Our research methodology
Future Market Research did an extensive research to gauge the future climate and momentum of growth. The research team gathered crucial data through in-depth secondary research to understand the overall market size, top industry players, manufacturers, etc. In addition, we spoke to several key stakeholders for data collection and verification. We then validated the acquired data using the triangulation method and further scrutinised it to obtain qualitative and quantitative insights about the global fine hydrate market.
Key metrics covered in the report
Insights are incomplete without metrics. In this report on the global fine hydrate market, we have encapsulated the key metrics that accurately describe the global fine hydrate market and used this data to compare market performance across the various regions.
We understand that the nature of the global economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global fine hydrate market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global fine hydrate market.
Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global fine hydrate market.
Another notable feature of our report is an analysis of the revenue forecast of the global fine hydrate market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global fine hydrate market.
Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global fine hydrate market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.
In our report on the global fine hydrate market, we have tried to provide a complete analysis of the global market. The global fine hydrate market has been analysed based on expected demand. Market data for each segment has been based on demand volume and corresponding revenue. The volume represents sales in kilo tonnes and value numbers represent market size in US$ Mn. All existing major applications have been considered, and potential application segments have been estimated based on secondary sources and feedback from primary respondents.