Increasing energy demand coupled with growing importance for renewable energy sources is expected to drive the global ocean energy market. Strategic initiatives by developed countries of EU such as Germany, Italy and Sweden to accelerate their shift towards renewable energy are expected to complement the market growth over the next six years.
Volatile crude oil prices coupled with energy security concerns of energy dependent nations such as China and India is project to further drive the global ocean energy market. Inadequate capital from private financial institutions coupled with lack of market oriented electricity pricing in countries such as Canada is expected slower the pace of ocean energy market growth. High capital costs, technical difficulties and reliability in aspired output are the major challenges for ocean energy market growth. Eased legal procedures such as licensing and permitting, consensus on storage & distribution issues such as grid access and experience in deploying and operating ocean technologies is expected to yield much more information on assessing the cost of ocean energy technologies. This factor is expected to attract investments in the ocean energy market. Major ocean energy potential countries such as Canada, Australia, Ireland, France and South Korea have employed pilot plants, some of them have gone a step further to commercialize power generation at small scale. Europe has been leading the ocean energy market over the past few years. Countries in this region such as UK, Italy, Sweden and Germany have witnessed higher growth rates owing to government support in the form of tax incentives and favorable industry regulations & policies. France is expected to witness higher growth rate over the forecast period owing to its technical expertise in tidal range energy power plants. Oceania region, particularly Australia has commenced several ocean energy projects in the past few years. South Korea in Asia Pacific is expected to include greater share of ocean energy in its energy mix over the next six years. This trend is expected to have a positive impact on the global market. Key industry participants in global ocean energy market include Able Technologies LLC, 40South Energy, Abengoa Seapower and Acubens. Other major industry participants include AlbaTERN, Applied Technologies Company, Ltd (ATC), AeroVironment Inc, Aquagen Technologies, Aquamarine Power, Aqua-Magnetics Inc. and Atargis Energy Corporation For More Information on "Ocean Energy Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/ocean-energy-market
0 Comments
Shift in trend towards reducing reliance on petrochemicals is expected to remain a key driving factor for the global castor oil market. Global demand for castor oil is expected to witness significant growth on account of environmental friendly characteristics and coast when compared to petrochemicals. U.S Food & Drug Administration (FDA) categorized Castor oil for “generally recognized as safe and effective" (GRASE) product which is expected to fuel its demand in personal care and pharmaceutical industry. Vegetable oils offer biodegradability and provide good lubricity which has been a major factor attractive industry participant’s preference over petrochemical based products.
For More Information On " Castor Oil & Derivatives Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/castor-oil-derivatives-industry Companies have been involved in finding novel application of castor oil and its derivatives by the means of cutting edge technologies. This is expected to provide future opportunities to market participants. Castor oil and derivatives are used in numerous applications including organic fertilizers, surfactants, food packaging, dyeing aids, electronics & telecommunications, perfumery products and adhesives. Lower temperature sustainability and oxidative nature attributed with castor oil is expected to remain key concerns for market participants. Castor oil is expected to replace jet fuel derived from petroleum. Castor oil is also expected to be a potential feedstock for biodiesel production. Major demand is expected to come from matured markets of North America and Europe over the forecast period. Countries such as U.S. and UK are expected to witness higher growth rates owing to increasing government intervention in reducing carbon footprints. India is the largest producer of castor oil and caters demand from China, Europe, U.S. and Japan. India was followed by China and Brazil in terms of overall production. Some of the major industry participants include Adani Group, Jayant Agro Organics, Adya Oil & Chemicals, Taj Agro Products Zouping County Tianxing Chemical Industry Co., Ltd. Other major players include Xingtai Lantian Fine Chemical Co., Ltd., A.Azevedo ,and Enovel. Request TOC of "Castor Oil & Derivatives Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/castor-oil-derivatives-industry/request-toc About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Website: Grand View Research Blog Site: http://marketshare.blog.com/ |