Usage in Health Supplements Fuels Sodium Chondroitin Sulfate Market

28 August: Sodium Chondroitin sulfate is mostly used to treat cataract, osteoarthritis, urinary tract infections. It is used as a medicine to improve digestive function, lower blood sugar, enhanced liver function, and inhibit tumor metastasis. A human body produces chondroitin sulfate, a chemical in cartilage around joints in the body. It is usually manufactured from animal sources, such as shark and cow cartilage. It is often used in combination with other ingredients, including manganese ascorbate, hyaluronic acid, and glucosamine. 

 

High Demand for Product to Treat Eye Complications

Based on source, sodium chondroitin sulfate market can be segmented as bovine, swine, poultry, shark, and synthetic. The bovine segment is further segmented into nutraceuticals, pharmaceuticals, animal feed, personal care & cosmetics, and others. Bovine segment accounted for the largest segment in 2018 due to its usage in various applications including nutraceuticals, animal feed, and pharmaceuticals.  A byproduct of beef industry is bovine cartilage and it is generated on a large scale around the world. For human consumption, cattle byproducts are used in various parts of the world. As a source for producing sodium chondroitin sulfate, these factors have prompted manufacturers to opt for bovine.

Owing to its ability to treat eye complications, arthritis, and heal wounds, shark derived chondroitin sulfate is generally used in pharmaceutical sector. A factor that is posing a challenge to the growth of chondroitin sulfate market is that sharks are endangered species and it is prohibited to harm the sea creatures. However, sodium chondroitin sulfate retrieved from shark is used due to its ability to treat people infected with arthritis, intestine inflammation, and HIV, which is fueling the growth of the sodium chondroitin sulfate market.

Synthetic chondroitin is manufactured using a two-stage fermentation-based process. The occurrence of adulteration and contamination is reduced as the process excludes the use of animal cartilages. This also results in the extraction process becoming less complicated leading to low production cost. 

Market Insights

Factors such as increasing prevalence of arthritis among geriatric population and increasing rate of obesity has led to increased consumption of joint health supplements, which is driving the demand for sodium chondroitin sulfate. Joint health benefits and clinical efficacy are major factors promoting the market growth. Pharmaceutical grade sodium chondroitin sulfate is being increasingly used to cure osteoarthritis driving industry growth. Manufacturers and raw material suppliers have numerous opportunities to supply quality and uniform products through auditable supply chain.

Some of the leading companies of the sodium chondroitin sulfate market are Qingdao Wan tulmin Biological Products Co. Ltd.; TSI Group Ltd.; BRF; Bioiberica S.A.U.; HeBei SanXin Industrial Group; Sigma-Aldrich, Inc.; Bio-gen Extracts Private Limited; Sino Siam Biotechnique Company Limited; ZPD; and SEIKAGAKU CORPORATION. 

Rising Demand for Cosmetics & Personal Care Products to Boost ODDA Growth

28 May 2020: Octadecanedioic acid (ODDA) is an alpha, omega-dicarboxylic acid that is octadecane in which both terminal methyl groups have been substituted by carboxy groups. It is conjugate acid of an octadecanedioic acid and octadecanedioate anion. The preference for ecological and organic products as a strategy to decrease dependence on petrochemical derivatives has played a significant role in encouraging octadecanedioic acid growth.

Polyester Polyols Sector Holds Largest Market Share in the Market

On the basis of application, the octadecanedioic acid market can be classified into lubricating oils polyester polyols, powder coatings, cosmetics, and others. The polyester polyols sector holds the largest market share and is anticipated to grow at the second highest CAGR in the forthcoming period. Rising preference for powder coatings over the recent years is anticipated to impact the demand for octadecanedioic acid.

Octadecanedioic acid is an intermediary chemical mainly used in the production of engineering polymers, such as powder coatings, polyphenylene oxide, latent curing epoxies, polyphenylene ethers, polycarbonates, polyetherimides, and polyurethanes. Polyester polyols derived from C18 dicarboxylic acid shows excellent optical clarity, solvent resistance, toughness, and hydrolytic stability. These polymers can be used in the food service, medical, and automotive sector among others.

C18 dicarboxylic acid is a key element for the formulation of composites, consequently used in pharmaceuticals and personal care. Cosmetics application sector is anticipated to raise at the highest CAGR in the forecast period. The factor attributed to the growth of cosmetic application sector is a preference to naturally sourced compounds. Rising consciousness of natural skin care constituents with anti-aging characteristics is anticipated to drive the demand for octadecanedioic acid throughout the forecast period. In terms of volume, lubricating oil sector is estimated to account for the second largest share in the market and anticipated to grow at a CAGR of 4.1% in the forecast period. Octadecanedioic acid is used in lubricating oils as a thickener in grease compositions. 

Increasing environmental guidelines in the automotive and industrial segment have played a significant role in the growth of bio-based products. For instance, the European Commission declared an investment of nearly USD 5.04 billion Public Private Partnership (PPP) for accelerating commercialization of bio-based products and advertising bio-based industries. Regulatory framework planned for encouraging the use of organic based products to limit greenhouse gas (GHG) discharges is likely to surge the demand for bio-based intermediates such as octadecanedioic acid.

The manufacturers are in the search for developing procedures for a strong distribution network, and effective production to commercialize the application of the market. The octadecanedioic acid is extremely competitive as units strive to produce acid of an improved and higher quality.

Market Insights:

Octadecanedioic acid is anticipated to grow and develop at a constant rate. Manufacturers are seeking to progress a strong distribution network and efficient production procedures to commercialize octadecanedioic acid application. The industry is extremely competitive as companies try to create high-quality acid. Outstanding product characteristics and renewable content permit manufacturers to charge a premium rate for the product.

Cathay Industrial Biotech Ltd. and Cathay R&D Center Co., Ltd. announced a patent on using candida sake strain for producing long-chain dicarboxylic acids. The procedure can produce dodecanedioic acid, undecanedioic acid, tetradecanedioic acid, brassylic acid, pentadecanedioic acid, octadecanedioic acid, and hexadecanedioic acid.

Hydrogenated metathesized method of natural oil derivative based thickener components used in grease compositions is patented by Elevance Renewable Sciences, Inc. The combination of hydrogenated metathesized of natural oils and their byproducts as a thickener constituent in complex and simple greases results in improved yields and reduced processing times.

Leading players operating in the octadecanedioic acid (ODDA) market include Croda International Plc.; Elevance Renewable Sciences Inc.; Cathay Industrial Biotech Ltd.; BASF SE; Nanjing Chemlin Chemical Industrial Co. Ltd; and TCI America.

Eco Fibers Promises to Emerge in Mainstream Textile Manufacturing

Heightened interest of corporates and communities in the green movement has impelled a shift towards usage of sustainable products in the textiles industry. This had led to increased usage of eco fibers in the industry. Eco fibers are fibers that do not require pesticides or chemicals for growth. They are mostly disease-free and naturally resistant to mildew and molds. Gradually, applications of eco fibers are increasing across other industries as well.

Demand for Organic Eco Fibers to Remain High through 2025

On the basis of product, eco fibers can be divided into organic, regenerated, and recycled. Organic eco fibers will hold a prominent position in the global arena through 2025. Organic fibers offer several advantages over traditional synthetic fibers, including less resource consumption, more revenue generation, and higher biodiversity.

Inclination towardsrecycled eco fibers is also expected to witness a rapid increase in coming years. These fibers not only reduce the hazardous environmental impact but also ensure greater returns to farmers. Fiber manufacturers are also focusing onextensive research activities for developing recycled eco fibers, which can cater to different verticals of different industries.a case in point would be American &Efird (A&E)’s Magic® that uses REPREVE®, a new air-entangled, recycled, polyester sewing thread. It incorporates Unifi’s Repreve fiber made from recycled plastic bottles. It provides a highly environment-friendly thread that can be used to sew activewear, performance apparel, intimate apparel, and athletic apparel.

Market Insights

Conducive government policies regarding manufacturing of bio-based products, coupled with rising concerns pertaining to the usage of eco fibers, can drive the global eco fibers market. A booming textiles industry, especially in emerging countries, can provide a fillip to the market, finds Grand View Research,Inc. in a study.

Asia Pacific will command a substantial share in the market throughout the forecast horizon (2014–2025). The growth of the region can be attributed to rapid industrialization and a thriving textile industry.

Some of the prominent players in the global arena are Grasim Industries Ltd., Polyfibre Industries Pvt. Ltd., US Fibers, Wellman Advanced Materials, and China Bambro Textile (Group) Co., Ltd.

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Reinventing Energy Drinks with Medium Chain Triglycerides (MCT) Oil

Medium-chain Triglycerides (MCTs) are fats present in foods such as palm kernel oil or coconut oil. Triglyceride, commonly known as fats, are either transported into cells and used for energy or are accumulated as body fat.MCTs are metabolized in a way that is different from Long-Chain Triglycerides (LCTs), whichare present in most other foods. Most fats in normal diets consist of long-chain fatty acids that contain 13 to 21 carbon atoms. Fats with short-chain fatty acids contain less than 6 carbons. However, medium-chain fatty acids in MCTs contain 6 to 12 carbons.

Due to the shorter chain length of MCTs, they are rapidly broken down and are absorbed easily into the body. These factors makethem a fast source of energy and less likely to be accumulated as fats. A diet with high MCTs could alsohelp with weight loss through increased fullness, lowered calorie intake, enhanced calorie burning, and less fat storage. Thus, MCTs have also become a popular supplement among bodybuilders and athletes.

MCT’s Newfound Application in Functional/Health Beverages

MCT oil has gained popularity in the food and beverage sectoracross the globe. While some companies are selling MCT oil as a separate product to be mixed with various beverages, other companies are using it in their ready-to-drink products. For instance, Each SKU in Metabrew’s nut-buttered, dairy-free teaand coffee range has 5 gmof MCT oil per 11 oz of drinks. Unlike other butter coffees that have a lot of calories and fats, these drinks contain relatively low calories and are brewed to fit more easily into customers’normal diet.

Market Overview

According to a report by Grand View Research, Inc., the global medium chain triglycerides (MCT) market is projected to witnessrapid growth during the forecast period (from 2016 to 2025), amountingto USD 2.46 billion by 2025. Increasing popularity of MCT oil among health-conscious people due to its ability to burn fats, provide energy, and improve metabolism is projected to steer the worldwide market. Moreover, rising demand for MCT products in the cosmetics industry is likely to boost the market.

Lonza Group Ltd.; BASF SE, Jarrow Formulas, Inc.; Barlean’s Organic Oils, LLC; NOW Foods; and Wilmar International Ltd. are some of the key companies operating in the global medium chain triglycerides (MCT) market.

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Adoption of Fatty Amines to Augment with Development of High Biodegradability Products

Rising awareness regarding benefits of fatty amines is fueling their demand across several industries. Fatty amines are used as corrosion resistant agents in industries such as construction, chemical-manufacturing, and petroleum. In the pharmaceutical industry, they are used to manufacture CNS drugs, antibiotics, antifungals, anthelmintics, and neoplastic chemotherapy. They are also used in toiletries and cosmetics industries to manufacture personal-care products, dishwashing detergents, and fabric softeners. They also find application in textile manufacturing, color reprography, and gas treatment.

Usage of Fatty Amines in Development of Starch-based Films

Fatty amines are nitrogen-based derivatives of fatty acids, alcohol, and olefins, which are manufactured from fats and oils, natural sources, and petrochemical raw materials. They show strong adherence to surfaces by either physical or chemical bonding, owing to their cationic nature. By type, they can be categorized into primary, secondary, and tertiary fatty amines.

Escalating demand for products with high biodegradability and soaring need for sustainable solutions are stimulating the adoption of fatty amines in different segments of the chemical industry. To put this in perspective, in April 2017, a team of scientists from Agricultural Research Service (ARS) developed a new starch-based film or coating. This coating can make paper or other materials more biodegradable and water-resistant. To prepare this film, scientists used high-amylose corn starch and soybean oil-derived fatty amine salts. The film has adequate strength and flexibility and with further advancements can replace synthetic products in future. 

Market Insights

Abundant availability and inexpensive prices of raw materials, coupled with low production cost and low toxicity levels, are likely to propel the global fatty amines market. Rising disposable income of people, especially in emerging countries, is boosting consumption of personal-care and cosmetic products. This, in turn, is estimated to spur the demand for fatty amines, finds Grand View Research. Introduction of innovative technologies and extraction processes is also likely to augur well for the market.

On the flip side, continual changes in environmental regulations can hamper the growth of the market. Furthermore, surfactant producers are shifting to bio-based yet low-cost petrochemicals alternatives, which is anticipated to limit widespread adoption of fatty amines. 

Some of the key players in the market are Huntsman International LLC, Dow Chemical company, Kao Corporation, Ecogreen Oleochemicals GmbH, and Akzo Nobel NV.

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Biobutanediol: A More Eco-friendly Component for Plastics

1,4 Butanediol (BD or BDO) is a very versatile and extensively used organic compound. It is mostly used as a reaction intermediate for an array of products like cosmetics, pesticides, medicines, fibers, and others. 

What is Butanediol?

BDO is an organic compound with the formula HOCH2CH2CH2CH2OH. It is a viscous, odorless, colorless liquid. The other terms for this compound are BD (1,4-BDO), 1,4 Butylene glycol, or Butane-1,4-diol. BDO derivatives include Gamma-Butyrolactone (GBL), Tetrahydrofuran (THF), Polyurethane (PU), Polytetramethylene Ether Glycol (PTMEG), and Polybutylene Terephthalate (PBT). These chemicals are used in rust removers, hardeners, engineering plastics, and fibers.

THF is utilized in the manufacture of spandex; a synthetic fiber used mainly in sportswear. Furthermore, BDO is used to produce polyurethanes. These find use in areas like construction & buildings, transportation, and footwear among others. Herbicides and foundry resins are the end-use applications of PBT. Butanediol is produced through industrial processes, like the Davy and Arco process. 

Novamont Takes a Step Toward Environmental Sustainability

The BDO market is witnessing a shift toward biobased products. Italian-based bioplastic producer, Novamont, is all set to begin the production of biobutanediol. Novamont has established the world’s first ever plant to make a renewable chemical compound from sugar & water instead of fossil fuels. The facility is equipped with technology that helps produce biobutanediol from the fermentation of sugar. 

The conversion of sugar to butanediol takes a couple of days. The process starts with the preparation of an inoculum. Frozen micro-organisms are cultured under controlled temperatures. The inoculum is then allowed to ferment. The biobutanediol thus produced will primarily be used to make shopping bags and bags for fruits & vegetables. 

Furthermore, Novamont would utilize this biobutanediol for the 4th-generation Mater-Bi resins used for making eco-friendly coffee capsules & mulch films. The company estimates that such an initiative could reduce greenhouse gas emissions by almost 56%.

Market Overview

According to Grand View Research, Inc., the global BDO demand is estimated to reach nearly 3,030 kilo tons by 2024. BDO is extensively used to produce THF, GBL, polyurethanes, and PBT among others. It is also used in glue removers and solvents & cleaners. In addition, this chemical finds use in artificial leather, cosmetics, medicines, pesticides, and plasticizers among.

Competitive Insights

Some key competitors in the BDO market are BASF, Genomatica, Myriant, and Dairen Chemicals. Dairen Chemicals and BASF together dominated the BDO with a market share of 38% in 2013. BASF held 24% shares in the global market during the same year.

In-depth report on 1,4-Butanediol (BDO) Market by Grand View Research:

http://www.grandviewresearch.com/industry-analysis/1-4-butanediol-market