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Unfortunately , most Americans still do not understand how home loans work and how to take advantage of the wide array of programs available. The way I see it, people are still confused about mortgages in general and real estate finance, in particular.
Just last week, a friend of mine told me he was buying a house. He was pre-approved for a loan, he said , and I was very happy for him. You see, he is young, just 25, and he is embarking on the American Dream of home ownership. So, I asked him about the type of mortgage he was getting. He said , "I don't know. I was just approved, and I haven't even signed any papers, yet."
He did have the house picked out, though. Although it is all too typical of a response, I found myself still surprised that my friend didn't know anything about the loan he was being pre-approved for. As another acquaintance recently pointed out , the right loan program can make hundreds of dollars of difference in your monthly payment. This person will save $6,048 this year using an adjustable rate mortgage over that pesky fixed rate that so many people desire.
For some reason, home loan confusion continues to run rampant in America. Most likely because the average American is ignorant of how mortgages work. This is not an attack on American's intelligence. It's okay to be ignorant; it is not, however, okay to remain that way , when you know you are entering a complex financial transaction.
Avoid this problem. Educate yourself. Learn all you need to know about real estate finance with the wealth-building system, Winning the Mortgage Game.
Mark Barnes is an investment real estate and real estate finance expert. Get his free mortgage finance course at and also learn how to gain financial independence through proper real estate investment strategies. Mark is also the author of the new novel, The League, a shocking, sports-related conspiracy. Learn more about his suspense thriller at 2-Methylpropene Market is projected to rise from US$26.99 bn in 2015 to US$49.91 bn by 2024
by omkartmr · January 22 , 2019
The global market for 2-methylpropene is led by established players such as BASF SE, Evonik Industries AG, Lyondell Basell Industries N.V., and TPC Group. Transparency Market Research notes that these players have, over the years , benefited from technical expertise and strong capabilities of producing 2-methylpropene and related products.
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Despite being a highly capital-intensive market, the threat of new entrants is projected to rise from a low to medium level during the course of the forecast period, increasing the degree of competition among the players. Establishing a strong distribution and sales network in order to expand their reach has proven to be a successful strategy for players in the 2-methylpropene market.
The global 2-methylpropene market is slated to exhibit a steady CAGR of 7.07% during the forecast period in terms of revenue. In view of this, the opportunity presented by this market is projected to rise from US$26.99 bn in 2015 to US$49.91 bn by 2024. In terms of volume, the 2-methylpropene market is expected to expand at a CAGR of 6.21% from 2016 to 2024.
Fuels and Lubricants Form Most Attractive Application Segment
By product , isooctane held the leading share of 37.07% in 2015 in terms of value. Isooctane will continue to remain a highly attractive product segment throughout the forecast period, closely followed by MTBE. In terms of value, the butyl rubber is anticipated to exhibit a high CAGR of 8.12% from 2016 to 2024. This can be attributed to the increased utilization of butyl rubber for the manufacture of tubes and tires in the automotive industry.
Fuels and lubricants formed the most attractive application segment of the 2-methylpropene market and this trend is expected to continue during the forecast period. The rubber manufacturing segment, on the other hand, is expected to witness strong growth by 2024 driven by the increased application of rubber in the thriving automotive sector.
In terms of value , North America constituted the dominant share of 34.16% in 2015 and will continue being the key revenue generator in the global 2-methylpropene market. However, the declining demand for MTBE owing to various environmental and health hazards is anticipated to pose some challenges to this regional market. Registering an impressive CAGR of 8.46% from 2016 to 2024, Asia Pacific excluding Japan is anticipated to emerge as the most rapidly expanding regional segment of the 2-methylpropene market.
APAC Presents Untapped Opportunities in 2-methylpropene Market
There has been significant growth in the global automotive as well as aviation sectors over the years and this has resulted in the increased consumption of lubricant additives, gasoline, and rubber products. This in turn has had a positive impact on the demand for 2-methylpropene.
鈥淭his trend is particularly true for the Asia Pacific region , wherein the consumption of 2-methylpropene is high in the pharmaceutical and automotive industries in India, China, and several ASEAN countries,鈥?the author of the study says.
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Another key trend driving the global 2-methylpropene market is the surging demand for renewable sources of energy. 鈥淏io-based 2-methylpropene products are the ideal substitute for petroleum-based variants and the various be. |
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