According to FMI analyst’s laboratory balances and scales market is going to expand its research and development part, sooner or later. Manufacturers and key players are regularly focussing on expanding strategies and putting in advanced phenomenon by implanting better weighing features as it will help market witness steady growth, thereby, paving a path for opportunities. Tough competition between players is acting as a key restraint in the market currently.

“With the noticeable expansion of this market, manufacturers are focussing on product innovation and building strong collaborations with medical companies. The escalating need for precise-measuring and error-free weighing machines in laboratories or in chemical and food sector, is likely to drive the market growth in near future,” states the FMI Analyst.

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Laboratory Balances and Scales Market- Key Highlights

• Hospitals and laboratories are planning create better incremental opportunity in the market by 2028.
• Research and development sector of this market is gaining traction due to rising need in major industries like good, chemical, jewellery, biotechnology etc.
• By application, chemical industry will witness steady growth in near future and is likely to present numerous opportunities.
• Region wise, APEJ and China will register a higher CAGR value in the upcoming years due to presence of key players and research laboratories.

Laboratory Balances and Scales Market – Driving Factors

• Due to precise measurement and error-free weighing that it provides, major industries like food, medical, chemical and biotechnology relies on it.
• Chemical and food industries need to follow strict rules of weight before the products go to the market, thereby boosting profit.
• Demand for these balances have risen in the medical sector for drug development and monitoring medicinal samples, helping the market gain proper momentum.

Laboratory Balances and Scales Market – Key Restraints

• There still exists production of balances which gives wrong measurements and this drawback is hampering market growth to a great extent.
• Due to tough competition between key players of the market and limited quality production, new players are facing challenges.

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Expected Impact on Market by Coronavirus Outbreak

Strict lockdown and social distancing is likely to reduce the production but demand will revive soon due to reliance on better weighed products and improved treatment measures. Key producers and players are likely to improve their strategies by producing excellent measuring scales with least error and precise measurements. United States will increase production and also work on research and development area of the market very soon.

Competitive Landscape

Key players in the market include Thermo Fischer Scientific, Mettler Toledo, Sartorius, Ohaus Instruments, A&D Company, Adam Equipments, Gram Precision, PCE Instruments, Precisa Gravimetrics AG, RADWAG Balances and Scales, Sciencetech Inc., Bonso Electronic International, Inc.

Companies are planning to follow unique strategies to expand their market by collaborating with major industries. Key players are strengthening their links with universities for developing research and development area while also paying attention towards product innovation with better incorporated weighing scales.

Future Market Insights has adopted multi-disciplinary approach to shed light on the advancement of the Gas Separation Membrane Market during the recorded period. The study presents a profound plunge into the current growth dynamics and their major avenues in the estimation year of 2017, with key prospects over the forecast period 2018 to 2028.

Extensive rounds of essential and a comprehensive secondary research have been leveraged by the analysts at Future Market Insights to arrive at various estimations and projections of the Gas Separation Membrane Market, both at national and international levels. The analysts have utilized various industry-wide unmistakable business insight apparatuses to merge realities, figures, and market information into income assessments and projections in the Gas Separation Membrane Market.

Impact of COVID-19 on Chemicals & Materials Industry

COVID-19 pandemic has caused severe impact on the global economy at various levels and the impact is seen on Chemicals & Materials market as well. The market growth declined drastically during the lockdown when the manufacturing units experienced shutdowns and a dearth in raw materials supply and absence of human resources Owing to the ongoing crisis caused by the pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to set on a path of regaining as the economy starts to stabilize.

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Key Players Dominating the Global Gas Separation Membrane Market

Some of the key players covered in the global gas separation membrane market study include Honeywell International (Honeywell UOP), Air Products and Chemicals Inc., Air Liquide Advanced Separations LLC, UBE Industries Ltd., Schlumberger Ltd, Fujifilm Manufacturing Europe B.V., Parker-Hannifin Corporation, Membrane Technology and Research Inc., Evonik Industries, Atlas Copco AB, and Generon LLC.

Gas Separation Membrane Market: Segmentation

Martial Type

• Polymeric Membrane
• Inorganic Membrane
• Metallic Membrane

Construction Type

• Hollow Fiber Module
• Spiral Wound Module
• Plate & Frame Module

Application

• Nitrogen Separation
• Oxygen Separation
• Acid gas Separation
• Hydrogen Separation
• Methane Separation
• Carbon Dioxide Separation
• Olefin – Paraffin Separation

End Use

• Chemical
• Petrochemical and Oil & Gas
• Food and Beverages
• Power Generation
• Pharmaceutical
• Pollution Control
• Others

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan

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Queries Solved

What are the size of the overall Gas Separation Membrane Market in the Chemicals & Materials market and its segments?

What are the key segments and sub-segments in the market?

What are the key drivers, restraints, opportunities, and challenges of the Gas Separation Membrane Market in the Chemicals & Materials market, and how they are expected to impact the market?

What are the attractive investment opportunities within the Gas Separation Membrane Market in the Chemicals & Materials market?

What is the Gas Separation Membrane Market in Chemicals & Materials market size at the regional and country-level?

What are the key market players focusing on?

What are the strategies for growth adopted by the key players in Gas Separation Membrane Market in the Chemicals & Materials market?

What are the recent trends in Gas Separation Membrane Market in the Chemicals & Materials market? (M&A, partnerships, new product developments, expansions)?

What are the challenges to the Gas Separation Membrane Market in Chemicals & Materials market growth?

What are the key market trends impacting the growth of the Gas Separation Membrane Market in the Chemicals & Materials market?

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Table Of Content

1. Executive Summary

    1.1. Overview

    1.2. Market Analysis

    1.3. FMI Analysis and Recommendations

    1.4. Wheel of Fortune

2. Market Introduction

    2.1. Market Taxonomy

    2.2. Market Definition

3. Market Viewpoint

    3.1. Macro-Economic Factors

    3.2. Market Dynamics

    3.3. Value Chain

    3.4. Forecast Factors: Relevance and Impact

    3.5. Opportunity Analysis

4. Global Gas Separation Membrane Market Analysis 2013–2017 and Forecast 2018–2028

    4.1. Introduction

5. Global Gas Separation Membrane Market Analysis 2013–2017 and Forecast 2018–2028 By Material Type

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Mixed Xylene is a colourless and flammable aromatic hydrocarbon liquid with a sweet odour. Mixed Xylene is a mixture of different isomers of xylenes, such as meta-xylene, Paraxylene, ortho-xylene and ethylbenzene. The distribution of isomers in xylene varies. Commercial xylenes from petroleum sources contain approximately 40% – 50% m-xylene, 20% o-xylene, 20% p-xylene and 5% – 15% ethylbenzene. Around 98% of Paraxylene is consumed by the polyester chain for the production of film, fibre and polyethylene terephthalate (PET), through one of the two intermediates: dimethyl terephthalate (DMT) or purified terephthalic acid (PTA). Meta-xylene is used in the production of isophthalic acid. Ortho-Xylene is used in the production of phthalic anhydride. Mixed Xylene is also used as a solvent in different end-use industries. Mixed Xylene is an essential base material for various chemicals and thus, the global market is expected to register robust growth during the forecast period and reach a market value of US$ 74.79 Bn by 2028.

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Based on grade, the Mixed Xylene can be classified into isomer grade and solvent grade. Isomer grade mixed xylene is used as a raw material for the production of, meta-xylene, Paraxylene and ortho-xylene. The Isomer Grade Mixed Xylene segment will dominate the Mixed Xylene market in terms of global market share and is estimated to account for about 85% share in the total absolute $ opportunity created by the end of 2028. Solvent Grade Mixed Xylene is used as a solvent in various industries, such as paints and coatings, printing, rubber & leather, etc.

Mixed Xylene is used for various applications. For instance, it is used in to enhance the octane number of gasoline. Mixed xylene is also used as a solvent in various end-use industries and also used as a thinner in paints, inks, etc. The major application of mixed xylene is its use as a base material for the production of various chemicals. The raw material segment will lead the global Mixed Xylene market and is expected to account for absolute $ opportunity of US$ 31.06 Bn by the end of the forecast period.

Mixed Xylene have applications in various end use industries. On the basis of end use, mixed xylene is categorized into Paints & Coatings, Pesticides, Chemicals, Gasoline, and Rubber and Printing & Leather. The chemicals segment is estimated to witness significant growth due to increasing demand for paraxylene in the global market.

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In 2018, China is projected to be the most attractive region in the global Mixed Xylene market and is expected to account for more than 32% share in the global absolute dollar opportunity in the Mixed Xylene market share. Furthermore, growing consumption of Mixed Xylene in North America region owing to the expanding petrochemical industry is expected to drive the mixed xylene market in the region. Asia Pacific excl. Japan & China continues to be a strong market for Mixed Xylene and significant growth is being witnessed in the region owing to increasing demand for aromatic hydrocarbons in the region. Middle East & Africa region is anticipated to witness healthy growth over the forecast period.

Exxon Mobil Corporation, TOTAL S.A., GS Caltex Corporation, Idemitsu Kosan Co., Ltd., LOTTE Chemical CORPORATION, Royal Dutch Shell plc, China National Petroleum Corporation, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, Flint Hills Resources, LLC, YPF Sociedad Anónima, and SK global chemical Co., Ltd. are some of the key players in the global market.

In terms of market value, the global Mixed Xylene market is expected to create absolute $ opportunity worth US$ 36.61 Bn during the forecast period. China is projected to register significant growth in Mixed Xylene market. The region will grow at a CAGR of 8.7% over the forecast period.