Boiler Market Overview
The rapid growth of the petrochemical industry, especially in the developing nations such as India and China. Is one of the main factors contributing to-ward the growing demand for boilers across the world. In addition to this, the ballooning requirement of energy efficient systems in various commercial. In-dustrial, and residential applications is further pushing the sales of boilers across the globe. The other important factor responsible for the mushrooming sales of boilers is the flourishing food processing industry in many countries.
Driven by the above-mentioned factors, the global boiler market is ex-pected to register rapid growth in the coming years. And then circulated as steam, superheated steam, or hot water for various purposes such as power, elec-tricity, and heating. Of these, the fire tube boilers are currently recording higher sales. On account of their lower initial cost, easier handling, wide-scale applications in multiple sectors, and higher fuel efficien-cy.
Boiler Market Growth
The biggest end-users of boilers are chemical, textile, power, oil and gas, and food and beverages industries. Out of these, the chemical industry is current-ly recording the highest utilization of boilers. Owing to the high heat manage-ment requirements in this industry. In addition to this, the lower initial costs, operational safety requirements. And capital outlays are making the boilers highly sought after in the chemical industries and chemical production pro-cesses.
That are accessible through Wi-Fi and allow the operators to remotely track and diagnose the problems arising in the boilers. Is the increasing preference for combi boilers over the conventionally used standard boilers. This is mainly due to the fact that unlike the standard boil-ers. The combi boilers don’t require a secondary appliance for delivering hot water and can manage both the heating and delivery applications simultane-ously.
Boiler Market Emerging Trends
Especially in the various APAC countries such as Japan, China, and In-dia. Thus, it can be said with confidence that the sales of boilers will increase mas-sively all over the world in the years to come, because of their ballooning re-quirement in the food and beverages and petrochemical industries and resi-dential, commercial, and industrial applications.
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Oleic acid Overview
Oleic acid is usually found in animals and plants. It is a monounsaturated omega-9 fatty acid. The major animal sources for the compound are eggs and meat, while soybean, macadamia oil, sunflower oil.
Which helps in minimizing the sugar spikes in blood, thereby reducing the risks of diabetes in people. This acid also plays an important role in protecting the body against cardiovascular insulin resistance.
Oleic acid Emerging Trends
Besides its widespread usage in healthcare applications. . The governments of several countries are increasingly implementing regulations for promoting the usage of various bio-based compounds in the manufacturing processes of several products, which is, in turn, propelling the demand for oleic acid across the globe. Due to these factors, the global oleic acid market is predicted to register rapid advancement in the forthcoming years, according to the forecast of P&S Intelligence, a market research firm based in India.
This is mainly because of the abundant availability of various plant sources such as olive oil, avocados, and palm oil all over the world.
Chemical intermediate, emulsifying agent, surfactant, adhesive and sealant, and lubricating agent are the major application areas of oleic acid. Out of these, the usage of oleic acid is currently very high as surfactant and emulsifying agents.
Oleic acid Growth
In addition to the above-mentioned factors, the growing demand for personal care and cosmetic products, fueled by the surging disposable income of people and their increasing consciousness about appearance, is creating a huge requirement of the compound in the cosmetic and personal care industry. Amongst these, the usage of the regular grade variants is currently the highest in the world. On account of their extensive utilization in the textile, oil and gas, and cosmetic and personal care industries.
Globally, the Asia-Pacific (APAC) oleic acid market is currently the most lucrative, due to the rapid advancement of the pharmaceutical and cosmetic and personal care industries in India, Indonesia, and China. Additionally, the governments of several APAC countries have approved the usage of the substance in the food and beverage industry. For example, the Food and Drug Administration (FDA) approved the claims regarding the health benefits of consuming oleic acid-rich edible oils such as canola oil, olive oil, and sunflower oil in November 2018.
Primarily because of the growing usage of the compound in the cosmetic and personal care and food and beverage industries and various healthcare applications.
This is mainly because of the abundant availability of various plant sources such as olive oil, avocados, and palm oil all over the world. Furthermore, the soaring popularity of vegan lifestyle and the rising consumption of various vegetarian food items.
