Methionine Market to Grow at 10.2% CAGR

Nobody likes a piece of meat with less meat! So, how do they ensure that the meat is ‘meaty’? Although the animals’ natural biological processes are efficient enough to make muscle, they need something extra…methionine. It is an amino acid, which cannot be produced within the body, so has to be added to the animal feed to promote growth and increase muscular mass. Additionally, it also promotes the production of eggs, without which a large proportion of the population can’t imagine breakfast! With the production of meat set to rise almost 70.0% of the 2017 value by 2025 as per United Nations Food and Agriculture Organization (FAO), the use of the amino acid is also expected to show a sharp surge across the globe.

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Valuing $5,114.3 million in 2017, the worldwide methionine market is projected to show a CAGR of 10.2% in the coming years. Across the world, people are consuming an increasing amount of meat. As per the Agricultural Outlook 2018–2027, jointly published by the Organisation for Economic Cooperation and Development (OECD) and FAO, the global meat consumption per capita would surge 1.1 kg to 35.4 kg retail weight equivalent (rwe) by 2027. This means that the number of poultry and other animals to supply meat would also have to grow considerably. An increase in the number of animals means a direct increase in the amount of animal feed being consumed. This is predicted to create an additional demand for methionine in the coming years.

Methionine is available as three types: DL-methionine, L-methionine, and methionine hydroxy analog (MHA). Among these, DL-methionine currently outpaces other types in consumption and will continue doing so in future as it is an important component of animal feed. However, the demand for MHA is predicted to see the sharpest increase as it helps increase the feed intake and leads to its faster digestion, thereby speeding up animal growth and maturation. This means more meat to sell in less time, which has become essential for poultry farmers to make a profit.


Now, it is not just live animals that methionine is given to, but the amino acid is also used in meat and poultry processing to increase the nutritional value. With people becoming increasingly aware of what they are eating and what effect it will have, among the first thing they check on food products’ labels is the nutritional value. Therefore, to raise the sales and give customers healthy stuff, poultry and meat processing companies are using the amino acid, specifically DL-methionine, more than ever.

Presently, Asia-Pacific stands as the largest methionine market, primarily because of the heavy production and consumption of meats in the continent, which is also why the region will continue being the largest market for the chemical. The demand for the product is also predicted to increase the most in APAC due to a further surge in meat production. The FAO and OECD had reported in 2016 that pork production would rise significantly in China. Further, beef production would rise by up to 20.0% by 2025 in developing countries, including India and China. All these factors will contribute to the growing usage of methionine in APAC over the coming years.

However, it is not just the increasing meat production that would raise the demand for the amino acid, but also the expanding pharmaceutical sector. Yes, methionine is being added to numerous drugs produced for human consumption. The chemical helps prevent liver damage in patients with acetaminophen poisoning and treat allergies, depression, alcoholism, asthma, schizophrenia, copper poisoning, radiation side effects, and drug withdrawal, and slowing down Parkinson's disease. With all such issues becoming more prevalent in people, the usage of drugs is also growing as is the consumption of the amino acid.

Expanding Cement Industry Aiding the Liquid and Air Filter Bags Market Growth

Increasing disposable income, stringent government policies, expanding cement manufacturing and mining industries, and rising environmental standards on water and air pollution are the key factors driving the growth of the liquid and air filter bags market. In 2017, the market generated a revenue of ,220.2 million, and it is predicted to attain a size of ,144.9 million by 2023, advancing at a CAGR of 6.5% during the forecast period (2018–2023), according to P&S Intelligence. Liquid and air filter bags are used in the filtration and removal of solids from liquids and gases.

On the basis of type, the liquid and air filter bags market is bifurcated into air and liquid. Of these, in 2017, the liquid filter bag type contributed more than 70.0% revenue to the market. Liquid filter bags are used in the filtration or removal of solids from liquids in areas such as adhesives, resins chemical, oils, bitumen, petroleum, food, paper, and water treatment. Hence, due to the wide range of applications, this type is expected to maintain its lead during the forecast period.

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Based on bag size, the liquid and air filter bags market is classified into 7OD*32’’, 7OD*17’’, 4OD*14’’, and 4OD*8’’. In 2017, out of these, the 7OD*32’’ classification held the largest share of 30.0% in terms of sales volume and is predicted to dominate the market during the 2018–2023 period. This is ascribed to the amazing chemical compatibility, superior product quality, and cost-efficiency of such long filter bags over other bags.

On the basis of end user, the liquid and air filter bags market is categorized into mining, steel and power, water treatment, chemicals and pharmaceuticals, cement, and others. Among these, in 2017, the chemicals and pharmaceuticals category contributed more than 31.0% revenue to the market. In this sector, liquid and air filter bags are widely adopted for removing dust and other unwanted foreign substances from the equipment machinery. This is why this end user is predicted to hold the largest share in the market during the forecast period.

Further, the demand for air and liquid filter bags from the mining industry and cement manufacturing facilities is growing. With the rise in infrastructure activities across the globe, there has been an increase in the setting up of mining and cement manufacturing industries. These industries use filter bags as a medium for removing the dust particles from the components, which are ultimately expelled into the air via chimneys during manufacturing process.

The government of various countries have started formulating regulations, such as the NESHAP (National Emission Standards for Hazardous Air Pollutants) in the U.S., for controlling harmful pollutants. Under this, manufacturing plants are required to attach filter bags on the equipment. If, in case the facility fails to follow the policies, it might be closed down. Thus, the rising adoption of the filtration process in the cement manufacturing and mining sector is boosting the liquid and air filter bags market growth.

Besides, the increasing usage of these bags in the pharmaceutical domain during processes such as filtration of gelatins, purification of carbon, and recovery of active ingredients, is expected to create immense opportunities for the players operating in the liquid and air filter bags during the forecast period. Another industry where these bags are used in huge amounts is automotive, with manufacturers attaching these to the engines of cars to protect them from harmful particles.

Hence, the expanding cement manufacturing and mining industries and rising adoption of these bags in pharmaceutical and automotive domains are strengthening the the market.

Why are Biorefinery Facilities Suddenly Becoming So Important?

Natural gas consumption rose by 5.3% in 2018, which was one of the highest rates of growth since 1984, as stated in the 68th edition of the BP Statistical Review of World Energy. The rapidly increasing population is leading to the surging usage of energy. Since fossil fuels, such as natural gas, coal, and petroleum, are the primary source of energy around the world, their depletion at such a high rate calls for the usage of alternate ways of generating energy. One such way of generating comparatively cleaner energy is via the use of the biorefining technology. Using bio-fuels offer an efficient solution to the current crisis because this can considerably decrease the dependency on fossil fuels and reduce greenhouse emissions in the atmosphere.

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Biorefining is the process of converting biomass (such as forest debris, certain crops, scrap lumber, types of waste residue, and manure) to produce heat, power, fuel, and chemicals. Biorefinery refers to facilities at which the conversion happens. It is similar to conventional petroleum refineries that produce a variety of fuels and other useful products from petroleum feedstock. The biorefinery market attained a value of $432.4 billion in 2014, and it is predicted to witness a CAGR of 14.0% in the near future. The several technologies used in biorefineries are thermochemical, industrial biotechnology, and physico-chemical. Among these, industrial biotechnology was used the most in biorefineries in 2014. Biochemical processes, such as anaerobic digestion and fermentation, are included in industrial biotechnology that finds application in a biorefinery plant.

Now that the pressure for environmental sustainability has increased due to the rapid depletion of fossil fuels and increase in pollution levels, the governments of various countries are compelled to pay attention to this crisis. To deal with the situation by encouraging the generation and use of renewable energy, the governments in several places have initiated various schemes and projects. The global interest is now increasingly shifting from conventional renewable energy generation sources to sustainable and renewable alternatives, as people are becoming more aware about the environmental crisis. In addition to this, governments are implementing stringent environmental regulations, which are driving the demand for efficient energy sources, such as biofuels. Despite the growing concern regarding the environment, the energy consumption is increasing day by day. The International Energy Agency (IEA) stated in its publication, World Energy Outlook, in 2014 that the world energy demand is predicted to increase by 37.0% by 2040. All these factors are leading to the surging demand for biorefining facilities.

As many countries have to import crude oil in large quantities to fulfill their energy needs, their governments are focusing on sustainable sources of energy so that their economic growth is not hampered. They are looking for alternatives to petroleum-based sources to generate energy, which can be produced locally from the resources that are available. Due to this reason, governments across the world are focusing on initiatives to replace at least some of their petroleum usage with bio-based alternatives. These steps would enable the countries to utilize their money for national security and economic growth. Thus, to ensure geopolitical energy security, nations are expected to invest increasingly in biorefineries.

Aerospace Composites Growing in Demand for Manufacturing New Aircrafts

The growing aviation market and traffic are leading to the expansion of the commercial aircraft fleet. The International Air Transport Association (IATA) stated that the global air traffic is projected to reach 7.8 billion passengers by 2036. The expanding travel and tourism industry, rising living standards in emerging economies, and lower airfares are driving the civil aviation sector. Asia is predicted to be responsible for the majority of the growth in passenger traffic. Countries such as India and China are witnessing a rapid surge in the movement of domestic as well as international passengers. This is not to say that the developed nations are lagging behind. Europe and North America will continue to contribute to the aviation market due to the expected rising influx of international passengers for business and tourism purposes. This rapidly growing passenger traffic is predicted to lead to the expansion of the commercial aircraft fleet. The manufacturing of new aircraft then is projected to drive the aerospace composites market.



Now, what exactly are aerospace composites? In most basic terms, these are a combination of several materials. Composites can be created with two or more materials that have different physical or chemical properties. The important part about composites is that the materials they are made of don’t fully combine with each other and retain their original properties, thereby resulting in a material that has excellent strength, good stiffness-to-density ratio, and superior physical properties. These properties of composites make them ideal for the aerospace industry. In 2017, the global aerospace composites market attained a value of $2,376.7 million, and it is expected to grow at a CAGR of 10.1% in the coming years. One of the reasons for this growth is the rising demand for carbon fiber composites in aircraft manufacturing.



Leading aircraft manufacturers such as Airbus and The Boeing Company are focusing on using lightweight structural materials for the manufacturing of aircraft components, as aircraft weight is a critical indicator of its operational performance. This is where carbon fiber composites come in. Carbon fiber or graphite fiber is a polymer material made up of carbon filaments that are bonded together in microscopic crystals. These composites are lightweight and offer relatively higher strength than other composites. These properties also help in improving the fuel economy of commercial aircraft and lowering their overall operational cost. Due to these advantages, carbon fiber composites, among all types of aerospace composites, accounted for more than 50.0% sales and 55.0% revenue in 2017. The demand for carbon fiber composites is predicted to increase in the coming years as well because of the growing aviation sector, which will likely encourage the development of new aircraft.



According to the data provided by McKinsey & Company, India and China would purchase more than 3,500 planes over the next two decades. This surging requirement for aircraft in developing countries, such as Indonesia, apart from India and China is proving to be highly beneficial for the players in the market. The middle-class population, along with disposable income, is increasing rapidly in these nations, thereby leading to economic prosperity, which is further driving the demand for commercial aircraft. The passenger traffic in emerging economies is growing due to the increasing income level; this is responsible for the rapidly increasing sales of the composites used in aircraft manufacturing.

Rising Preference for Clean Energy Strengthening the Solar Panel Recycling Market

Rising adoption rate of solar power systems and favorable government norms encouraging sustainable development are the major factors driving the growth of the solar panel recycling market. In 2017, the market generated a revenue of $80.7 million, and it is predicted to attain a size of $269.8 million by 2023, progressing at a CAGR of 22.0% during the forecast period (2018–2023). Solar panels convert solar energy into electricity for various commercial and residential applications; these are made from aluminum, glass, synthetic materials, and silicon.

These components can be separated through the recycling process after panels’ lifecycle completes. On the basis of recycling method, the solar panel recycling market is classified into mechanical, thermal, and laser process. Out of these, in 2017, the mechanical classification held more than 55.0% revenue share in the market and is further expected to maintain its lead during the forecast period. The reason behind the leading position of this category is the economical and eco-friendly nature of the process.

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Based on solar panel type, the market is categorized into polycrystalline, monocrystalline, and thin film. Among these, the monocrystalline category registered more than 50.0% revenue share in the solar panel recycling market, and is anticipated to dominate the market during the 2018–2023 period too. This is attributed to the wide adoption of monocrystalline solar panels owing to their benefits over other solar panels such as superior quality, greater efficiency, longer shelf life, and high heat resistance.

Talking about the shelf life, the solar panel recycling market is bifurcated into normal loss and early loss. Of these, in 2017, the early-loss shelf life category held a revenue share of more than 80.0% in the market. The key factor behind this is the early degradation or weathering of solar panels due to maintenance problems, negative weather conditions, and lack of product standardization. This is also why this category will lead the market during the forecast period.

Sustainable development plays an important role in the solar panel recycling market growth. It helps in the controlled optimization of the resources to save them for the current and future generations. Along with that, it helps in decreasing environmental hazards. Rising energy crisis, high levels of carbon emissions, and growing concerns for environmental protection have fueled the need for sustainable power generation. Traditional sources of energy such as fossil fuels are rapidly being replaced by renewable sources including solar energy, which don’t harm the environment.

The increasing number of initiatives and pacts pertaining to the adoption of solar energy is behind the accelerated rate of solar panel or PV module installation. In addition, the cost-effectiveness and efficiency of solar panels are boosting their demand for commercial and residential applications. The major benefits attached with these systems are no greenhouse gas emissions, noiseless energy generation, and environmental safety. A solar panel usually has a 30-year lifespan, but some may suffer an early loss, which results in huge amounts of e-waste, which is why it is vital to recycle them.

Hence, the surging popularity of solar energy as a renewable power source and the high deterioration rate of PVs are driving the global market for solar panel recycling.