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Wood Plastic Composite Market Size, Share | Report, 2020-2027

Wood Plastic Composite Market Size, Share | Report, 2020-2027 | Blog | Scoop.it
The global wood plastic composite market size was $4.77 Bn in 2019 & is projected to reach $9.03 Bn by 2027 at a CAGR of 8.57% during the forecast period.
Nitesh Vhaval's insight:
According to Fortune Business Insights The global wood plastic composites market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, the report further mentions that the wood plastic composites market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. This Report Answers the Following Questions: • What are the trends, opportunities, challenges, and drivers in the market? • Which segment is anticipated to lead the market in terms of share? • Which region would top in terms of revenue in the coming years? • How will the wood plastic composites manufacturers compete in the market? Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood plastic composites are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable wood plastic composites. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, wood plastic composites require higher initial cost spending. It may obstruct growth. Fortune Business Insights™ lists out all the manufacturers of wood plastic composites present in the market. They are as follows: • Seven Trust (China) • Meghmani Group (India) • Beologic (Belgium) • Trex Company, Inc. (U.S.) • UFP Industries, Inc. (U.S.) • Fiberon LLC (U.S.) • Axion International, Inc. (U.S.) Browse Summary of This Research: https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
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3D Printing Materials Market Share | Industry Report, 2026

3D Printing Materials Market Share | Industry Report, 2026 | Blog | Scoop.it
The global 3D printing materials market size was USD 1.53 billion in 2018 and is projected to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period.
Nitesh Vhaval's insight:
The global 3D printing materials industry size is predicted to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period. The increasing application of 3D printing in various end-user industries such as aerospace, automotive, military, and healthcare will have a positive impact on the 3D printing materials market revenue during the forecast period. Moreover, one of the major 3D printing materials market trends include the increasing knowledge of 3D printing as a faster manufacturing process than conventional manufacturing processes such as injection molding, and subtractive production. As per the published report by Fortune Business Insights, the market size stood at USD 1.53 billion in 2018. The 3D printing materials market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about 3D printing materials market outlook, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner. Market Driver: Growing Adoption of 3D Printing Technology to Spur Opportunities The rising shift from conventional printing to 3D printing technology will bolster healthy growth of the market in the foreseeable future. 3D printing offers properties including, reduced waste, complexity in designs, cost-effectiveness, and improved design modification. Moreover, the increasing awareness regarding the proven benefits of 3D printing has attracted manufacturers from various sectors. Food, footwear, music, jewelry, and medical sectors are implementing the technology for the manufacturing and development of new products at lower cost. This, factor uplift the 3D printing materials market share in the forthcoming years. In addition, the growing utilization of 3D printed parts in aerospace, automotive, and military applications will enable speedy growth of the market during the forecast period. Nonetheless, 3D printing enables designers to create complex parts at low cost along with production feasibility. For instance, components created from titanium in aerospace industry are usually 3D printed as it offers high dimensional accuracy, and great mechanical properties. Regional Analysis: Booming Aviation Industry to Propel Growth in North America The market in North America generated a revenue of USD 0.58 billion in 2018 and is predicted to witness high growth during the forecast period owing to the rising demand from aerospace, military, and medical industry. The burgeoning aviation industry will create growth opportunities for the market in the region in the forthcoming years. The growing requirement for aircrafts and stellar demand for metal in the defense will boost the market in North America. Europe is predicted to grow rapidly during the forecast period owing to the increasing adoption of 3D printing technology in healthcare. 3D printing is extensively used to manufacture implants and prosthetics at a very low cost. Thus, the rising demand for 3D printing technology in various sectors will contribute positively to the growth of the market in Europe. The Report Lists the Key Companies in the 3D Printing Materials Market: Stratasys Ltd. 3D Systems, Inc. Materialise NV Markforged, Inc. EOS GmbH Höganäs AB Information Source: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
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Light Weapons Market Size, Share | Industry Growth [2020-2027]

Light Weapons Market Size, Share | Industry Growth [2020-2027] | Blog | Scoop.it
The global light weapons market size was $12.61 Bn in 2019 & is projected to reach $17.33 Bn by 2027, exhibiting a CAGR of 4.67% during the forecast period
Nitesh Vhaval's insight:
The global light weapons market size is expected to reach USD 17.33 billion by 2027, exhibiting a CAGR of 4.67% during the forecast period. The increasing R&D investments by major companies for the design and development of innovative light weapons is expected to bolster healthy growth of the market, states Fortune Business Insights in a report, titled “Light Weapons Market Size, Share & COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar, Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-Tank Missiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided), Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” The market size stood at USD 12.61 billion in 2019. The emergence of coronavirus has steered many emerging nations into complete financial ruin. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. The report on the light weapons market reveals: Superior analysis of the market Notable and vital industry development COVID-19 effect on the industry Prominent insights into the competitive landscape Market Driver: Surging Terrorist Activities to Brighten Business Possibilities The growing terrorist activities and border disputes will spur demand for the light weapons market in the foreseeable future. The rising conflicts among neighboring countries are expected to provide tremendous opportunities for the market. For instance, the ongoing disputes between China and India. The increasing military modernization programs will have an excellent effect on the market. The surge in the military budget is expected to influence the healthy growth of the market during the forecast period. The enormous R&D investment for lighter and efficient vehicles during combat will enhance the potential of the market in the foreseeable future. The perpetual advancements in weapons such as elevated range of anti-tank missiles, precision-guided firearms, and laser enabled light cannons will spur golden opportunities for the market in the near future. Dwindled Defense Budget to Negatively Influence Market During COVID-19 The defense sector has witnessed a downfall due to the widespread of coronavirus. The growing focus of governments towards healthcare has subsequently limited the supply of weapons and reduced defense expenditure. The halt on allocated contracts owing to the restrictions imposed by the governments to curb the spread of the infection will further impede the market growth. The disruption in the supply chain and pause on production processes will aggravate the growth of the market. Nonetheless, the current border clashes will escalate the demand for light weapons in the forthcoming years, which, in turn, will bode well for the market. Regional Analysis: Presence of Major OEMs to Augment Market in North America The market size in North America generated a revenue of USD 5.67 billion in 2019 and is expected to remain dominant during the forecast period. The growth in the region is attributed to the growing defense budget in the U.S and Canada. The existing key manufacturers such as General Dynamics Corporation, Northrop Grumman Corporation, and Raytheon Technologies Corporation are expected to drive the market in the region. Asia Pacific is expected to witness a rapid growth rate during the forecast period owing to the rising defense expenditure in emerging nations such as India and China. The growing emphasis on military modernization programs will further aid the expansion of the market in Asia Pacific. The growing border conflicts and political disturbances will spur sales opportunities for the market. Europe is expected to rise tremendously during the forecast period owing to the booming defense sector in Russia, the U.K, Germany, and France. Important Development: July 2019: Raytheon Technologies Corporation announced that it has signed a contract with the Taiwan army worth USD 223.6 million to supply 250 Block I-92F MANPAD Stinger missiles and four Block I-92F MANPAD Stinger Fly-to-Buy missiles. Source - https://www.fortunebusinessinsights.com/light-weapons-market-103529
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Nitric Acid Market Size, Share & Analysis Report [2020-2027]

Nitric Acid Market Size, Share & Analysis Report [2020-2027] | Blog | Scoop.it
The global nitric acid market size was USD 22,268.1 million in 2019 and is projected to reach USD 27,536.9 million by 2027, exhibiting a CAGR of 3.5% during the forecast period.
Nitesh Vhaval's insight:
The global nitric acid market share is expected to reach USD 27,536.9 million by 2027, exhibiting a CAGR of 3.5% during the forecast period. The booming automotive industry in developing nations has led to high consumption of this acid, which, in turn, will bode well for the market, states Fortune Business Insights, in a report. The nitric acid market share size stood at USD 22,268.1 million in 2019. The coronavirus incident has brought the world to an unexpected halt. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. The report on the nitric acid market includes: More significant insights into the market In-depth analysis of the market Market drivers and restraints Comprehensive information about key players Leading regions in the market Market Driver: Surging Construction Activities to Enable Speedy Expansion The increasing application of the HNO3 agriculture industry for the manufacturing of fertilizers such as ammonium nitrate, potassium nitrate, calcium ammonium nitrate, and nitro phosphate will foster the healthy growth of the market. The utilization of fertilizers to increase crop yield and serve the rising population's needs will spur opportunities for the nitric acid industry. Furthermore, the growing disposable income of consumers has subsequently boosted the demand for organic and quality food, thereby aiding the market growth. The surging construction activities will consequently accelerate the development of the market in the forthcoming years. For instance, Toluene di-isocyanate (TDI), a HNO3 intermediate, is used to manufacture polyurethane foams, wood and floor coatings, and insulation materials. The improving lifestyle of consumers and increasing renovation activities will contribute significantly to the market growth. Besides, new governmental infrastructure projects will bolster the nitric acid market growth. Disturbed Supply Chain to Affect HNO3 Production Amid Coronavirus The coronavirus pandemic had a drastic impact on industries, causing temporary shutdown of manufacturing and trade activities. The declined demand and production have disrupted the supply chain. Moreover, the momentary halt on automotive production has led to reduced demand for this type of acid, thus hampering this market. However, the rising application of plastic in the medical industry will favor development of the market. The growing demand for PPE kits has led to high production of plastics, propelling market growth for nitric acid. Browse Complete Research Report: https://www.fortunebusinessinsights.com/nitric-acid-market-104566
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Nitrogenous Fertilizer Market Size | Global Industry Report, 2026

Nitrogenous Fertilizer Market Size | Global Industry Report, 2026 | Blog | Scoop.it
The global nitrogenous fertilizer market Size was valued at USD 113.70 billion in 2018 and is projected to reach USD 140.51 billion by 2026, exhibiting a CAGR of 2.73% during the forecast period.
Nitesh Vhaval's insight:
The global nitrogenous fertilizers market size is projected to reach USD 140.51 billion by the end of 2026. The massive investments in the R&D products with active ingredients will aid the growth of the market. According to a report published by Fortune Business Insights, titled " Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019 – 2026,” the market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73% during the forecast period, 2019-2026. Nitrogenous fertilizers are products that are produced through combination of substances that are inclusive of nitrogen. The constantly rising global population has created a subsequent demand for crop produce across the world. Recent advances in agricultural activities will emerge in favor of the companies operating in the market. The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe. The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to a wider adoption of the product across the world. Increasing Number of Company Collaborations Will Aid Market Growth The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market. Accounting to the massive demand for crop and crop produce across the world, large scale companies are looking to acquire smaller companies with a bid to establishing a stronghold in the market. In November 2019, Nutrien Ltd. announced that it has completed the acquisition of Ruralco Holdings Ltd. Through this acquisition, the company plans to build on its existing range of nitrogenous fertilizer products. Due to the massive global customer reach of the company, this acquisition will not just help the company growth, but will also have a massive impact on the growth of the market in the coming years. Nitrogenous Fertilizers Market Revenue, Future Growth, Trends, Key Players, Business Opportunities, Industry Share, Analysis by 2026Some of the companies that are operating in the market include: Yara International ASA Nutrien Ltd. EuroChem Group AG. CF Industries Holdings Inc. PJSC Togliattiazot Koch Fertilizers, LLC OCI Nitrogen Sinofert Holdings Limited Coromandel International Ltd. URALCHEM Holding Plc. Industry Developments: January 2018: Tata Chemicals announced that it has completed the sale of its urea fertilisers business unit to Yara Fertilisers India for an estimated INR 2,682 crore. Browse Summary https://www.fortunebusinessinsights.com/nitrogenous-fertilizers-102532
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Gaming Market Size, Share, Growth & Industry Trends [2028]

Gaming Market Size, Share, Growth & Industry Trends [2028] | Blog | Scoop.it
The global gaming market is projected to grow from $229.16 billion in 2021 to $545.98 billion in 2028 at a CAGR of 13.20% in forecast period, 2021-2028
Nitesh Vhaval's insight:
According to Fortune Business Insights™, The global gaming market size is expected to gain momentum by reaching USD 545.98 billion by 2028 while exhibiting a CAGR of 13.20% between 2021 and 2028. The gaming market is fragmented by major companies that are focusing on maintaining their presence. They are doing so by proactively investing in R&D activities to develop engaging online video games. Additionally, other key players are adopting organic and inorganic strategies to maintain a stronghold that will contribute to the growth of the market during the forecast period. Online video games have become more prevalent in recent years. Most people find online games attractive and a modest way to find free time from their hectic schedules. Moreover, during the pandemic, the inclination toward gaming increased dramatically. Many companies such as Nintendo and Tencent witnessed an increase in their sales during the first quarter. The former showcased a profit of 41%, as it sold many of its games digitally. The demand for online games will be persistent in upcoming years, and this market is anticipated to boom during the forecast period. Report Aim & Scope: An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report. The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report. Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered. The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe. The various parameters accelerating the growth of the market are incorporated in the research report. The report analyzes growth rate, market size and valuation of the market during the forecast period. Driving Factor Rising Youth Employment to Spur Demand for Video Games The rising millennial youth population is expected to drive the gaming market growth. For instance, a report from the American Association of Advertising Agencies.Org, published in February 2019, mentioned that the generation z population plays games daily. Their number is higher than that of millennials by 84%. Moreover, rising disposable income is resulting in a higher consumption rate of video games. For instance, the data released by the World Bank.Org, states that the global youth unemployment in 2018 is 15.19% which is a decline from 15.37 % from its prior year. Market Segmentation: Based on game type, the market is divided into shooter, action, sports, role-playing, and others. Based on game type, the shooter segment held a gaming market share of about 23.35% in 2020. The segment is expected to experience considerable growth since it provides 3D realistic graphics. It makes players experience a whole new experience of the virtual world. This fascinating atmosphere provided by battle games is driving the segment market. By device, it is segmented into PC/MMO, tablet, mobile phone, TV/console. On the basis of end-user, it is bifurcated into male and female. Finally, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa based on region. List of the Companies Profiled in the Global Gaming Market: Microsoft Corporation (Redmond, Washington, United States) Nintendo Co., Ltd (Kyoto, Japan) Rovio Entertainment Corporation (Espoo, Finland) Nvidia Corporation (California, United States) Valve Corporation (Washington, United States) PlayJam Ltd (London, United Kingdom) Electronic Arts Inc (California, United States) Sony Group Corporation (Tokyo, Japan) Bandai Namco Holdings Inc (Tokyo, Japan) Activision Blizzard, Inc (California, United States) Regional Insights Asia Pacific to Remain at Forefront Backed by Rising Urban Population Asia Pacific – The region is expected to hold the highest position in the market during the forecast period. This is ascribable to the rapid growth in the urban population. The rising awareness about trending video games is helping the market to thrive in the region. The report from World Bank.Org data suggests that in 2019 the urban population of the East Asia Pacific was 59.887 % which rose from 59.053 % from the previous year. The regional market stood at USD 86.96 billion in 2020. North America – The rising number of children with their smart devices is surging the market. For instance, the data released by the National Public Radio.Org in October 2019 stated that more than half of the children in America possess their smartphones. KEY INDUSTRY DEVELOPMENTS: December 2019 – Facebook announced the acquisition of Play Giga, which is a Spanish video game company. November 2020: Microsoft declared the launch of the next-generation Xbox video game console. The flagship will be launched along with its cheaper counterpart Xbox Series S Source: https://www.fortunebusinessinsights.com/gaming-market-105730
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Synthetic Rubber Market Size, Share & Growth | Report [2027]

Synthetic Rubber Market Size, Share & Growth | Report [2027] | Blog | Scoop.it
The global synthetic rubber market size was USD 30,396.8 million in 2019 and is projected to reach USD 36,761.9 million by 2027, exhibiting a significant CAGR of 3.2% during the forecast period.
Nitesh Vhaval's insight:
The global synthetic rubber market share is expected to gain momentum from the rising inclination of people from natural rubber to artificial rubber. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Synthetic Rubber Market, 2020-2027.” The report further states that the global market size was USD 30,396.8 million in 2019. It is projected to reach USD 36,761.9 million by 2027, exhibiting a CAGR of 3.2% during the forecast period. Nowadays, several companies are striving persistently to introduce innovative synthetic rubbers to cater to the high demand. In March 2019, for instance,Trinseo unveiled SPRINTANTM 918S, a new grade of Solution Styrene Butadiene Rubber (S-SBR) at the Tire Technology Expo, Germany. Report Coverage- The report aims to analyze the market by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. At the same time, it ensures to aid our clients better understand the competitive developments, namely, joint ventures, acquisitions, new product developments, agreements, and expansion of production facilities. Drivers & Restraints- High Abrasion & Temperature Resistant Properties to Bolster Growth Synthetic rubber is experiencing high demand from the automotive industry worldwide. It has excellent temperature resistance and abrasion properties that make it the best suited for numerous vehicle manufacturers. The Malaysian Rubber Council (MRC), for instance, declared that the usage of this rubber surged to 15,792 million tons in 2020 from 15,280 million tons in 2019. However, the manufacturing process of this type of rubber can be harmful for the environment. This factor may hinder the synthetic rubber market growth in the upcoming years. Segments- Industrial Rubber Goods Segment Generated a Share of 6.2% in 2019 Our analysts have divided the report into type, application, and geography. By type, it is segmented into butyl rubber, polybutadiene rubber, nitrile rubber, styrene-butadiene rubber, and others. Based on application, it is fragmented into footwear, industrial rubber goods, tire, non-tire automotive, and others. Amongst these, the industrial rubber goods segment earned 6.2% in terms of the synthetic rubber market share in 2019. This growth is attributable to the increasing demand for synthetic rubber for the manufacturing of wires & cables, gloves, industrial mats, and conveyor belts. Regional Insights- Asia Pacific to Remain at the Forefront Stoked by Rapid Infrastructure Development By geography, Asia Pacific procured USD 15,711.2 million in terms of revenue in 2019. The rising development of infrastructures and constant product advancements would propel growth in this region. In Europe, the expansion of the automotive industry will accelerate the demand for synthetic rubber, thereby making it the second-largest in terms of revenue. North America is anticipated to show rapid growth fueled by the flourishing electrical & electronic industry. Competitive Landscape- Key Players Focus on Collaboration & Product Development Strategies to Intensify Competition The market for synthetic rubbers contains a large number of reputed manufacturers. Most of them are focusing on launching unique products for gaining high consumer bases. A few others are participating in the collaboration strategy to co-develop eco-friendly solutions. Below is one of the latest industry developments: October 2020:Trinseo joined hands with Tyre Recycling Solutions, a provider of recycling technology, to conduct research & development activities. Both companies will use each other’s technology expertise to aid tire manufacturers globally for developing sustainable tire formulations. They aim to reduce environmental footprint. A list of all the renowned synthetic rubber manufacturers operating in the global market: LANXESS (Germany) Sinopec (China) Goodyear Tire and Rubber Company (U.S.) Indian Synthetic Rubber Private Limited (India) Reliance Industries Limited. (India) Trinseo (U.S.) Kumho Petrochemical (South Korea) TSRC Corporation (Taiwan) Nizhnekamskneftekhim (Russia) Apcotex Industries Limited (India) JSR Corporation (Japan) Other Key Players Information Source: https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144
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Dyes and Pigments Market Size, Share | Global Report, 2026

Dyes and Pigments Market Size, Share | Global Report, 2026 | Blog | Scoop.it
The global dyes and pigments market Size was valued at USD 37.76 billion in 2018 and is projected to reach USD 54.64 billion by 2026, exhibiting a CAGR of 4.9% during the forecast period.
Nitesh Vhaval's insight:
The global dyes & pigments market size is projected to reach USD 54,644.6 million by 2026, exhibiting a CAGR of 4.9% during the forecast period. Increasing demand for ink for diverse applications will be a central growth driver for this market, shares Fortune Business Insights™ in its report. Inks are essentially liquids that are made from dyes and pigments and serve a variety of purposes such as writing, printing, and tattooing. They are also used to prevent anti-counterfeiting activities. For instance, special inks are manufactured for printing currency notes, which react with the cellulose in the paper and produce inimitable colors and textures, making it almost impossible to replicate. Furthermore, advanced ink-based liquids are being extensively employed in 3D printing operations. Many companies are using these liquids on small- and medium-scale to manufacture customized spare parts for machines, gourmet food products, and prosthetics. Thus, widening applicability of inks and ink-based liquids and pastes will lead the dyes & pigments market trends in the forthcoming years. Market Driver Rapid Urbanization Worldwide to Fuel the Market The dyes & pigments market growth is premised on the fact that there is a rising demand for these ingredients in the paints and coatings industry. The growth of this industry is based on the escalating demand for these materials from the residential and commercial spaces across the globe. One of the major factors causing the proliferation of such spaces is rapid urbanization around the world. According to the UN Department of Economic and Social Affairs (DESA), roughly two-third of the global population will be living in urban areas by 2050, jumping by 13% from the current levels. More importantly, around 90% of this jump will be witnessed in the developing nations of Africa and Asia, where the process of urbanization is getting further intensified by steady economic growth. As a result, expansion of residential and commercial areas in these countries will stoke the demand for dyes & pigments during the forecast period. Regional Analysis Asia-Pacific to Offer Promising Growth Prospects for the Market With a market size of USD 15,050.26 million in 2018, Asia-Pacific is set to dominate the dyes & pigments market share in the coming years. The main factor propelling the market in this region is the expanding middle-class in India and China, which is increasingly demanding higher value textiles, plastics, and other products, thereby augmenting the uptake of dyes and pigments. Furthermore, countries in Asia-Pacific, mainly China, India, Bangladesh, and Vietnam, lead the world production of textiles and with greater investments in the textile industry, their production capacity has risen substantially in the past few years. With the majority of these products being exported to Europe and North America, the demand for dyes and pigments is surging in the developed countries. Competitive Landscape Major Players to Employ Position Strengthening Mechanisms According to the dyes & pigments market analysis, key players are singularly focusing on solidifying their position in this market through widening of product portfolio and investment in R&D activities. Another strategy that is being favored by companies is mergers and acquisitions in an attempt to broaden their business horizons. Industry Developments: September 2019: DIC Corporation, the Japanese chemical company, completed its successful takeover of the Germany-based BASF’s pigments business division, BASF Colors & Effects (BCE). DIC’s aim behind this acquisition to widen its pigment portfolio for cosmetics, plastics, inks, and electronic displays, among others, and lead the global pigment industry. May 2018: The Swiss specialty chemicals major Clariant unveiled Ink Jet Orange GR VP6102 and Ink Jet Magenta E-S VP6057, its two innovative inkjet ink pigments, at the FESPA 2018 in Berlin. These products can be used in solvent-, UV-, and water-based inks and can be applied in outdoor and indoor settings with equal efficacy. Source:https://www.fortunebusinessinsights.com/dyes-pigments-market-102333
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Graphene Market Size, Industry Share, Report [2020-2027]

Graphene Market Size, Industry Share, Report [2020-2027] | Blog | Scoop.it
The global graphene market size was valued at USD 225.1 million in 2019 and is projected to reach USD 2,864.1 million by 2027, exhibiting a CAGR of 39% during the forecast period.
Nitesh Vhaval's insight:
As per a report Published by Fortune Business Insights™ The global graphene market size is expected to gain momentum by reaching USD 2,864.1 million by 2027 while exhibiting an astounding CAGR of 39% between 2020 and 2027. This is attributable to the increasing demand for sustainability solutions and the rising aviation sectors across the globe. This information is published by Fortune Business Insights, in its latest report, the report further mentions that the market stood at USD 225.1 million in 2019 and is projected to rise in the forthcoming years. Increasing Adoption of Graphene Products amid COVID-19 to Favor Growth The novel coronavirus has led to disruptions amongst several global economies owing to a complete halt in operations and activities to contain the spread of the disease. There has been a spike in the demand for antibody-conjugated graphene sheets that accurately detect the virus and are adopted for population screening. Owing to multiple benefits provided by the product, it is being extensively adopted across several industrial applications that are expected to contribute to the growth of the graphene market. Graphene is primarily a single layer of carbon atoms that are tightly bound in a hexagonal honeycomb mesh. They are widely adopted in several industrial applications such as automotive, energy & power, and aerospace. They further possess several attributes such as light-weight, high tensile strength, and good conductor of heat. Additionally, they provide sustainable solutions to an array of applications that propels their demand across several industries globally. SEGMENTATION; Aerospace & Defense Segment Held a Market Share of 22.87% Backed by Increasing Focus on Fuel Efficiency in Aircraft The aerospace & defense segment, based on end-use, held a market share of 22.87% in 2019 and is expected to showcase a significant growth owing to the increasing adoption of the product to reduce carbon emissions and improve fuel efficiency in aircraft. DRIVING FACTORS Rising Aviation Sector to Promote Growth The increasing global population and high disposable income are expected to propel the demand for air travel. The increasing air leisure activities are surging the demand for travel through private jets, planes, and helicopters. Owing to its ability to improve the composites and coatings adopted in planes, spaceships, and drone manufacturing, graphene is revolutionizing the aerospace industry. Additionally, the growing concerns on reducing carbon emissions are propelling the aircraft manufacturers to adopt graphite products largely. For instance, the government in the U.K has developed a long term Aviation 2020 strategy that aims to achieve a secure, safe, and sustainable aviation sector. Therefore, the increasing focus to provide sustainable solutions in the rising aviation sector will favor the global graphene market growth during the forecast period. REGIONAL INSIGHTS Europe to Remain at the Forefront; Increasing Demand for Electric Vehicles to Aid Growth Among all the regions, the graphene market leaders in Europe is expected to remain dominant and hold the highest position in the global graphene market during the forecast period. This dominance is attributable to the increasing demand for electric vehicles owing to stringent environmental regulations in the region. North America stood at USD 63.2 million in 2019 and is expected to experience an exponential growth in the forthcoming years. This is ascribable to factors such as the presence of several small and medium scale graphene manufacturers in countries such as the U.S. between 2020 and 2027. COMPETITIVE LANDSCAPE Collaboration between Major Companies to Consolidate Their Market Positions The graphene market is highly fragmented by the presence of major companies such as XG Sciences, Grolltex, Inc, Graphenea, Inc, and AMO GmbH, among others. These companies are collaborating with each other to improve the quality of products and strengthen their position to gain a competitive edge in the global marketplace. Other key players are adopting strategies such as partnership, the introduction of a new product, and merger and acquisition that is anticipated to favor the global graphene market growth in the forthcoming years. Industry Development: January 2020: The Graphene Flagship announced its collaboration with other leading industries in Europe to commercialize graphene-enabled products. The collaboration is expected to include EURO 92 million co-funded by the companies that is aimed at promoting the products across several industrial applications such as automotive, energy, and aerospace. Source: https://www.fortunebusinessinsights.com/graphene-market-102930
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Geogrid Market Size, Share & Growth | Global Report [2028]

Geogrid Market Size, Share & Growth | Global Report [2028] | Blog | Scoop.it
The global geogrid market is projected to grow from USD 1.19 billion in 2021 to USD 1.64 billion in 2028 at a CAGR of 4.7% during the 2021-2028 period
Nitesh Vhaval's insight:
The global geogrid market is set to gain momentum from the increasing demand for sustainable buildings. This information is given by Fortune Business Insights™ in a new report. The report further states that the geogrid market size was USD 6.15 billion in 2019 and is projected to reach USD 10.66 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. COVID-19: High Dependency on China to Import Raw Materials will Hamper Growth The outbreak of the COVID-10 pandemic has taken a toll on the construction activities across the globe. It has disrupted the supply chain and transportation of raw materials. Hence, investors are delaying or cancelling funds for new or existing projects. Also, most of the countries, such as the U.S. are dependent on China for shipping them materials, such as aluminum, steel, copper, and fixtures. We are providing elaborate reports to aid in surging sales of your products amid the pandemic. Drivers & Restraints- Possession of Numerous Beneficial Properties to Surge Demand for Geogrids The rising expansion of the construction industry, as well as the increasing infrastructural development activities worldwide would bolster the geogrid market growth in the near future. The product has several beneficial properties, such as environmental safety, easy handling, and high tensile strength. Besides, upcoming infrastructure projects, rising population base, and rapid urbanization would accelerate growth. However, the lack of skilled engineers and laborers to install geogrids in foundations or infrastructures may obstruct growth. Segment- Soil Reinforcement Segment Generated 13.82% in Terms of Share in 2019 Based on application, the soil reinforcement segment earned 13.82% in terms of geogrid market share in 2019. These geogrid solutions are mainly used to reinforce and stabilize weak soils. At the same time, they are capable of increasing the shear strength of soft soils and improving its embankment stability. Regional Analysis- Presence of Renowned Manufacturers to Spur Growth in North America Geographically, North America held USD 2.35 billion in terms of revenue in 2019. This growth is attributable to the presence of numerous geogrid manufacturers in this region, such as Propex Operating Company, Tensar, Carthage, Strata system, and GSE Environmental. Europe, on the other hand, is anticipated to grow steadily stoked by the rising adoption of geogrids in rail road stabilization and road construction activities in this region. Lastly, Asia Pacific is expected to grow rapidly because of the rising economic and industrial development in developing nations, such as South Korea, India, and China. Competitive Landscape- Key Players Focus on Developing Eco-friendly Products to Reduce Emissions The market is moderately fragmented. Most of the key players are adopting the partnership strategy to co-develop novel products. Some of the others are aiming to launch eco-friendly products to reduce emissions in the atmosphere. Below are the two latest industry developments: May 2020: Diab Group and SKAPS India partnered up to produce polyethylene terephthalate (PET) foam on a large scale. This would help both companies to cater to the high demand for core materials in the country. July 2019: HUESKER launched its brand new ecoLine geogrid. It is made from 100% PET. The main aim of the company is to develop solutions that would reduce consumption of natural resources significantly. Source: https://www.fortunebusinessinsights.com/geogrid-market-104104
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Nitric Acid Market Size, Share & Analysis Report [2020-2027]

Nitric Acid Market Size, Share & Analysis Report [2020-2027] | Blog | Scoop.it
The global nitric acid market size was USD 22,268.1 million in 2019 and is projected to reach USD 27,536.9 million by 2027, exhibiting a CAGR of 3.5% during the forecast period.
Nitesh Vhaval's insight:
The global nitric acid market share is expected to reach USD 27,536.9 million by 2027, exhibiting a CAGR of 3.5% during the forecast period. The booming automotive industry in developing nations has led to high consumption of this acid, which, in turn, will bode well for the market, states Fortune Business Insights, in a report. The nitric acid market share size stood at USD 22,268.1 million in 2019. The coronavirus incident has brought the world to an unexpected halt. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. The report on the nitric acid market includes: More significant insights into the market In-depth analysis of the market Market drivers and restraints Comprehensive information about key players Leading regions in the market Market Driver: Surging Construction Activities to Enable Speedy Expansion The increasing application of the HNO3 agriculture industry for the manufacturing of fertilizers such as ammonium nitrate, potassium nitrate, calcium ammonium nitrate, and nitro phosphate will foster the healthy growth of the market. The utilization of fertilizers to increase crop yield and serve the rising population's needs will spur opportunities for the nitric acid industry. Furthermore, the growing disposable income of consumers has subsequently boosted the demand for organic and quality food, thereby aiding the market growth. The surging construction activities will consequently accelerate the development of the market in the forthcoming years. For instance, Toluene di-isocyanate (TDI), a HNO3 intermediate, is used to manufacture polyurethane foams, wood and floor coatings, and insulation materials. The improving lifestyle of consumers and increasing renovation activities will contribute significantly to the market growth. Besides, new governmental infrastructure projects will bolster the nitric acid market growth. Disturbed Supply Chain to Affect HNO3 Production Amid Coronavirus The coronavirus pandemic had a drastic impact on industries, causing temporary shutdown of manufacturing and trade activities. The declined demand and production have disrupted the supply chain. Moreover, the momentary halt on automotive production has led to reduced demand for this type of acid, thus hampering this market. However, the rising application of plastic in the medical industry will favor development of the market. The growing demand for PPE kits has led to high production of plastics, propelling market growth for nitric acid. Browse Complete Research Report: https://www.fortunebusinessinsights.com/nitric-acid-market-104566
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Agro Textiles Market Size, Share, Growth | Global Report, 2027

Agro Textiles Market Size, Share, Growth | Global Report, 2027 | Blog | Scoop.it
The global agro textiles market size is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the period (2020-2027)
Nitesh Vhaval's insight:
According to Fortune Business Insights™ The global agro textiles market forecast is projected to reach USD 13,458.7 million by 2027, exhibiting a CAGR of 5.2% during the forecast period. Rising concerns surrounding food security across the globe will be a key growth propeller for this market, states Fortune Business Insights™ in its report. According to the Food and Agriculture Organization (FAO) of the UN, around 9.2% of the global population suffered from acute food insecurity and 17.2% experienced moderate food insecurity in 2018. The intensity of food insecurity is likely to get heightened with rapid growth in global population, which is forecasted to reach 9.7 billion by 2050, as per data from the World Bank. In such a situation, the need for improved agricultural productivity is dire and technologies such as agro textiles will play an instrumental role in meeting the challenge of food security in the coming decades, thereby boosting the growth of this market. The report states that the agro textiles market forecast value was at USD 9,612.8 million in 2019 and is expected to reach USD 13,458.7 million by 2027 exhibiting a CAGR of 5.2% during the forecast period The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Market Driver Speedy Expansion of Urban Areas to Stimulate Market Growth The Department of Economic and Social Affairs of the UN estimates that urban population around the world will sharply rise from the current 55% to 70% by 2050, amounting to an addition of 2.5 billion people in these areas. Urban spaces are characterized by hectic lifestyles, sedentary habits, pollution, and overconsumption of unhealthy foods. As a result, the demand for organic and naturally-derived snacks is increasing in these areas, reflecting a marked change in consumption trends around the world. Agro textiles such as capillary mats and mulch nets are witnessing steadily climbing demand as farmers struggle to increase their agriculture yield to meet the high food demand in urban sprawls. Moreover, the agro textiles market growth is being further accelerated by supportive government policies, especially in developing countries, promoting sustainable agriculture practices and use of modern technologies to improve productivity in agriculture. Regional Analysis High Reliance on Agriculture to Augment the Market in Asia-Pacific Asia-Pacific is set to lead the agro textiles market share during the forecast period, with the region boasting a market size of USD 3,302.9 million in 2019. The main reason for the region’s preeminent position in the market is the excessive reliance of the developing economies of India and China on agriculture. Added to this is the high population of these and other countries in the region, which has exacerbated the need for greater agriculture productivity. As a result, the demand new-age materials and tools such as agro textiles in the farming sector are expected to soar in the forthcoming years. Rapid advancements in aquaculture farming is anticipated to propel the market in North America, while the market in Europe is slated for steady expansion on account of increasing preference for bio-based agricultural textiles in the region. Competitive Analysis Introduction of Advanced Products and Solutions to be the Central Focus for Companies Key players in this market are injecting money into their R&D divisions to speed up the development of next-gen products and solutions to keep up with the changing dynamics of the agriculture sector. These product launches are also aiding companies to strengthen their portfolio of solutions and entrench their position in the market. Industry Developments: May 2020: The German technology company, Freudenberg, announced the acquisition of the UK-based high-performance materials conglomerate, Low & Bonar. With this acquisition, Freudenberg will be able expand its technical textiles portfolio as well as get access to Low & Bonar’s technological expertise in this domain. January 2020: The French technical fabrics specialist, Diatex SAS, unveiled a wide array of specialized textile products for agriculture at the IPM ESSEN 2020 held in Germany. Diatex launched its tailor-made plant and other crop protection solutions at this event. Source: https://www.fortunebusinessinsights.com/agro-textiles-market-102963
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Ammonia Market Size & Share | Industry Analysis Report, 2028

Ammonia Market Size & Share | Industry Analysis Report, 2028 | Blog | Scoop.it
The global ammonia market is projected to grow from $71.98 billion in 2021 to $110.93 billion in 2028 at a CAGR of 6.4% in forecast period, 2021-2028
Nitesh Vhaval's insight:
The global ammonia market size is projected to reach USD 110.93 billion by 2028, exhibiting a CAGR of 6.4% during the forecast period. Fortune Business Insights™ highlights this information in its report, titled “Ammonia Market, 2021-2028”, which also provides that this market’s value stood at USD 67.01 billion in 2020 and is expected to touch USD 71.98 billion in 2021. The COVID-19 pandemic outbreak has caused the market growth to stumble and decline by 4.8% in 2020 owing to the obstructions created by lockdowns and social distancing measures for the fertilizer industry. These obstructions are mainly in the form of supply chain upheavals leading to production delays and a sudden contraction in the availability of agricultural inputs. Cummins Partners with KBR to Develop Integrated Green Ammonia In May 2021, technology leader Cummins and KBR inked a Memorandum of Understanding (MoU) to join forces to develop holistic and integrated solutions and techniques to produce NH3 from renewable energy sources. The partnership would be characterized by Cummins’s expertise in proton exchange membrane electrolysis to generate hydrogen and KBR’s competencies in NH3 technologies. Together, thus, the two companies aim at speeding up de-carbonization in various industries and accelerate the development of green ammonia, which holds enormous potential in aiding the growth of sustainable agriculture. Moreover, the combined financial strength of the two entities will be an added advantage for this joint venture. Emergence of NH3 as an Energy Storage Solution to Catalyze the Market The most challenging task facing the energy industry today is the issue of energy storage. While lithium has proven to be adequate in storing excess energy, especially from renewables, more efficient solutions and technologies are being demanded due to the soaring consumption of electricity worldwide. In response, leading technology companies have been engaged in the development of next-generation solutions based on the potential of ammonia. For example, in June 2018, Siemens unveiled its Green Ammonia Energy Storage Demonstrator in the UK. The technology uses renewable energy to produce NH3 from hydrogen and nitrogen from the air and the NH3 thus derived is stored in a tank and reconverted to electricity as and when required. The potential of this chemical in storing energy has also encouraged researchers to devise innovative ways to produce the compound. In May 2020, for instance, researchers at the Massachusetts Institute of Technology (MIT) formulated a technique under which hydrogen and nitrogen can be synthesized using an electric current to generate a lithium catalyst, where the two elements will create ammonia. Fertilizer Segment to Spearhead the Market, states Fortune Business Insights On the basis of application, the market is segmented into fertilizers, textiles, refrigeration, pharmaceuticals, household & industrial cleaning, and others. While the textile segment held a share of 10.93% in the US market in 2020, the fertilizer segment is anticipated to dominate the market as ammonia is the fundamental compound in the production of ammonium nitrate fertilizers. Moreover, NH3 is also vital in the manufacturing of urea, which is an essential element in coating seeds. Based on geography, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Heightening Demand for Food to Drive the Market in Asia Pacific Asia Pacific is expected to dictate the ammonia market share during the forecast period on account of the exponential demand for food and food security in the region’s developing economies. Furthermore, China has emerged as the largest producer and consumer of fertilizers in the world due to the lack of availability of fertile soils in the country. The Asia Pacific market size stood at USD 27.41 billion in 2020. The increase in agricultural lands in the US will be a prominent growth factor for the market in North America, where the production and deployment of NH3 are considerably high. In Latin America, on the other hand, sufficient access to natural gas and improving farming infrastructure will create ample business opportunities in the region. Introduction of Digital Tools by Key Players to Feed Market Growth Key players in this market, in a bid to expand their footprint, are introducing digital technologies to take NH3 production and supply to the next level. The idea behind the launch of such advanced tools is to enhance value chains and augment the production and distribution competencies of players of all sizes. In addition, these technologies are also enabling leading companies to further entrench their market position and broaden their sales horizons. Industry Development August 2020: Haldor Topsoe and BASF teamed up to integrate BASF’s OASE connect simulation platform with Topsoe’s flagship connected service solution for NH3 producers, ClearView Ammonia. Using the combined capabilities of these tools, NH3 producers can optimize operations at plants and gain real-time insights into production processes. Source:https://www.fortunebusinessinsights.com/industry-reports/ammonia-market-101716
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Zinc Oxide Market Size, Industry Share | Analysis Report, 2026

Zinc Oxide Market Size, Industry Share | Analysis Report, 2026 | Blog | Scoop.it
The global zinc oxide market Size was valued at USD 4.10 billion in 2018 is projected to reach USD 6.36 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.
Nitesh Vhaval's insight:
The global zinc oxide market size is predicted to reach USD 6.36 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The increasing application of zinc oxide in the cosmetic and pharmaceutical industry will contribute positively to the zinc oxide market growth during the forecast period. The zinc oxide is a vital ingredient in the manufacturing of foot powders, makeup, bath soaps, and baby lotions. Thus, the rising demand for cosmetics products such as sunscreens, antiseptic ointments will accelerate the zinc oxide market revenue. Moreover, the rising demand for calamine creams owing to its properties to prevent sunburn, premature aging of the skin, along with the protection of skin from UV lights, will also aid the development of the market in the forthcoming years. Nonetheless, the rising emphasis on skincare and skin protection will have a positive impact on the zinc oxide market revenue. According to the report, published by Fortune Business Insights in a report, the market size stood at USD 4.10 billion in 2018. The report is aimed at delivering a comprehensive description of the zinc oxide market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing market expansion, growth patterns, restricting factors, and market strategies. Competitive Landscape: Agreement Between Zinc Oxide LLC and Zochem to Spur Business Opportunities Zinc Oxide LLC, a supplier and manufacturer of inorganic compounds announced that it acquired a subsidiary of American Zinc Recycling LLC, Zochem. The agreement between the company will involve a transaction of all Zochem’s manufacturing operations and product lines. Zochem’s extensive domestic and global distribution network will remain the same. The acquisition of Zinc Oxide LLC will aid the expansion of the zinc oxide market during the forecast period owing to the manufacturing and production of zinc oxide with the French Process method, as it is considered the best method for high-quality zinc oxide. Moreover, Ed Smith, the Senior Vice President of Sales and Marketing, said in a statement, “The acquisition of Zochem demonstrates our commitment to being the leading zinc oxide supplier in North America. This move will benefit customers by ensuring a stable source for any grade of the highest-quality zinc oxide. In addition, many customers will benefit from reduced shipping costs and transit times, as approximately 80% of the North American zinc oxide market is within a 500-mile radius of our two plants.” Regional Insights: Stellar Demand for Rubber to Augment Growth in Asia Pacific Asia Pacific is likely to witness high demand in the forthcoming years. The growth in the region is attributed to the growing demand for zinc oxide in rubber applications. Moreover, the surge in the automotive industry will also contribute positively to the growth of the market owing to the use of rubber in the automotive industry for the manufacturing of tires, automotive ant vibration, transmission systems, molded parts, spare parts, body sealing systems, and adhesives. The market in North America generated a revenue of USD 0.55 billion in 2018 and is expected to witness steady growth in the forthcoming years due to the declining rubber production in the region. Source: https://www.fortunebusinessinsights.com/zinc-oxide-market-102480
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Synthetic Rubber Market Size, Share & Growth | Report [2027]

Synthetic Rubber Market Size, Share & Growth | Report [2027] | Blog | Scoop.it
The global synthetic rubber market size was USD 30,396.8 million in 2019 and is projected to reach USD 36,761.9 million by 2027, exhibiting a significant CAGR of 3.2% during the forecast period.
Nitesh Vhaval's insight:
The global synthetic rubber market share is expected to gain momentum from the rising inclination of people from natural rubber to artificial rubber. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Synthetic Rubber Market, 2020-2027.” The report further states that the global market size was USD 30,396.8 million in 2019. It is projected to reach USD 36,761.9 million by 2027, exhibiting a CAGR of 3.2% during the forecast period. Nowadays, several companies are striving persistently to introduce innovative synthetic rubbers to cater to the high demand. In March 2019, for instance, Trinseo unveiled SPRINTANTM 918S, a new grade of Solution Styrene Butadiene Rubber (S-SBR) at the Tire Technology Expo, Germany. Drivers & Restraints- High Abrasion & Temperature Resistant Properties to Bolster Growth Synthetic rubber is experiencing high demand from the automotive industry worldwide. It has excellent temperature resistance and abrasion properties that make it the best suited for numerous vehicle manufacturers. The Malaysian Rubber Council (MRC), for instance, declared that the usage of this rubber surged to 15,792 million tons in 2020 from 15,280 million tons in 2019. However, the manufacturing process of this type of rubber can be harmful for the environment. This factor may hinder the synthetic rubber market growth in the upcoming years. Regional Insights- Asia Pacific to Remain at the Forefront Stoked by Rapid Infrastructure Development By geography, Asia Pacific procured USD 15,711.2 million in terms of revenue in 2019. The rising development of infrastructures and constant product advancements would propel growth in this region. In Europe, the expansion of the automotive industry will accelerate the demand for synthetic rubber, thereby making it the second-largest in terms of revenue. North America is anticipated to show rapid growth fueled by the flourishing electrical & electronic industry. A list of all the renowned synthetic rubber manufacturers operating in the global market: LANXESS (Germany) Sinopec (China) Goodyear Tire and Rubber Company (U.S.) Indian Synthetic Rubber Private Limited (India) Reliance Industries Limited. (India) Trinseo (U.S.) Kumho Petrochemical (South Korea) TSRC Corporation (Taiwan) Nizhnekamskneftekhim (Russia) Apcotex Industries Limited (India) JSR Corporation (Japan) Other Key Players Information Source: https://www.fortunebusinessinsights.com/synthetic-rubber-market-102144
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Inertial Measurement Unit (IMU) Market Size | Global Report 2027

Inertial Measurement Unit (IMU) Market Size | Global Report 2027 | Blog | Scoop.it
The global inertial measurement unit (IMU) market size was USD 17.34 billion in 2019 and is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.52% during the forecast period (2020 – 2027).
Nitesh Vhaval's insight:
The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. Wide applicability of IMU sensors will be the key growth-driving factor for this market, according to the new Fortune Business Insights™ report, titled “Inertial Measurement Unit (IMU) Market Size, Share and Industry Analysis by Component (Accelerometers, Gyroscopes, and Magnetometers), By Technology (Mechanical Gyro, Ring Laser Gyro, Fiber Optics Gyro, MEMS and Others), By Platform (Airborne, Ground, Marine/Naval, and Space), By End-use Industry (Aerospace & Defense, Consumer Electronics, Marine/Naval, Automotive and Others), and Regional Forecast, 2020 – 2027”. Inertial measurement units (IMUs) are a form of sensor technology that have the capability of calculating different parameters, including magnetic fields, angular rate, acceleration, direction, and speed, using three tools – magnetometer, gyroscope, and accelerometer. Owing to their enhanced capabilities, these devices are extensively used in military surveillance applications. For example, manned and unmanned aerial vehicles (UAVs) are equipped with IMUs for accurate calculation of altitude and relative position of the vehicle. This technology is also utilized as a supplement to GPS devices on account of their navigational abilities. Thus, these advantages of IMUs in various applications bode well for the progress of this market. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Market Driver Availability of Advanced IMUs to Favor Market Growth The utility of IMUs in military operations, especially in UAVs, has prompted companies in this domain to engineer advanced solutions pertaining to this technology. As a result, today, there is wide availability of next-gen IMUs in the market. For example, EMCORE’s Systron Donner Inertial provides solid-state micro-electromechanical systems (MEMS) IMUs for drones to operate in the harshest weather conditions. Similarly, France-based SBG Systems designs and supplies MEMS-driven inertial sensors for unmanned vehicles. The company’s Ellipse 2 Micro Series is its lightest and smallest IMU offering, designed to provide accurate positioning data for unmanned systems. Such advancements in inertial sensor technologies is expanding the scope and accelerating the IMU market growth in the process. Regional Insights North America to Lead the Charge; Asia-Pacific to Register Steady Growth North America, with a market size of USD 6.70 billion in 2019, is poised to dominate the inertial measurement unit market share during the forecast period owing to the strong presence of IMU manufacturers in the region. Moreover, the US is the highest defense spender in the world and is known to use some of the most advanced weaponry and surveillance technologies. These factors provide the necessary fodder for the growth of this market in the region. On the other hand, the market size in Asia-Pacific is anticipated to expand steadily on account of rising military spending in India and China. Other than this, the region is also experiencing surging usage of smartphones and other consumer electronics, which are the critical factors favoring market growth in the region. Competitive Landscape Growing Investment in R&D by Companies to Intensify Competition Development of IMUs requires innovation in engineering techniques and therefore, most players in this market are ramping up their R&D investment to enhance their innovation capabilities. This is also enabling them to strengthen their position in this market, diversify their portfolio, and expand globally. Industry Developments: January 2020: The Japanese electronics company, TDK Corporation, launched a family of inertial measurement units called InvenSense, featuring high performance and fault-tolerance capacities. Conceived for industrial applications, the novel offerings can measure three dimensions of rotation rate and three dimensions of linear acceleration. September 2019: Honeywell International, the US-based conglomerate, released HGuide, the company’s new world-class, lightweight, and low-cost IMU. The product is designed to withstand any environmental condition and caters to several application areas, including transportation, UAVs, surveying and mapping, robotics, and agriculture. Source:https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827
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Gaming Market Size, Share, Growth & Industry Trends [2028]

Gaming Market Size, Share, Growth & Industry Trends [2028] | Blog | Scoop.it
The global gaming market is projected to grow from $229.16 billion in 2021 to $545.98 billion in 2028 at a CAGR of 13.20% in forecast period, 2021-2028
Nitesh Vhaval's insight:
According to Fortune Business Insights™, The global gaming market size is expected to gain momentum by reaching USD 545.98 billion by 2028 while exhibiting a CAGR of 13.20% between 2021 and 2028. The gaming market is fragmented by major companies that are focusing on maintaining their presence. They are doing so by proactively investing in R&D activities to develop engaging online video games. Additionally, other key players are adopting organic and inorganic strategies to maintain a stronghold that will contribute to the growth of the market during the forecast period. Online video games have become more prevalent in recent years. Most people find online games attractive and a modest way to find free time from their hectic schedules. Moreover, during the pandemic, the inclination toward gaming increased dramatically. Many companies such as Nintendo and Tencent witnessed an increase in their sales during the first quarter. The former showcased a profit of 41%, as it sold many of its games digitally. The demand for online games will be persistent in upcoming years, and this market is anticipated to boom during the forecast period. Driving Factor Rising Youth Employment to Spur Demand for Video Games The rising millennial youth population is expected to drive the gaming market growth. For instance, a report from the American Association of Advertising Agencies.Org, published in February 2019, mentioned that the generation z population plays games daily. Their number is higher than that of millennials by 84%. Moreover, rising disposable income is resulting in a higher consumption rate of video games. For instance, the data released by the World Bank.Org, states that the global youth unemployment in 2018 is 15.19% which is a decline from 15.37 % from its prior year. List of the Companies Profiled in the Global Gaming Market: Microsoft Corporation (Redmond, Washington, United States) Nintendo Co., Ltd (Kyoto, Japan) Rovio Entertainment Corporation (Espoo, Finland) Nvidia Corporation (California, United States) Valve Corporation (Washington, United States) PlayJam Ltd (London, United Kingdom) Electronic Arts Inc (California, United States) Sony Group Corporation (Tokyo, Japan) Bandai Namco Holdings Inc (Tokyo, Japan) Activision Blizzard, Inc (California, United States) Source: https://www.fortunebusinessinsights.com/gaming-market-105730
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Automotive Interior Materials Market Size | Global Report, 2026

Automotive Interior Materials Market Size | Global Report, 2026 | Blog | Scoop.it
The global automotive interior materials market size was valued at USD 51.09 billion in 2018 and is projected to reach USD 66.38 billion by 2026, exhibiting a CAGR of 3.84% during the forecast period.
Nitesh Vhaval's insight:
The global automotive interior materials market size is anticipated to reach USD66.38 billion by 2026,on account of the increasing production of automobiles worldwide. Automotive interior is the most crucial feature of an automobile that catches the user’s attention. Therefore, it is extremely essential to ensure it meets all safety and maintenance demands of the consumer. A recently published report by Fortune Business Insights™ titled, “Automotive Interior Materials Market Size, Share & Industry Analysis, By Material (Plastics, Fabrics, Composites, Leather {Synthetic and Natural}, and Others), By Application (Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and headliners, and Others), and Regional Forecast, 2019-2026” offers a detailed analysis of the market and its prime growth parameters. According to the report, the market stood at USD 51.09 billion in 2018 and will rise at a CAGR of 3.84% between 2019 to 2026. Objectives of the Report 360-degree overview of the automotive interior materials market Growth parameters such as drivers, restraints, challenges, opportunities that lies ahead of the market Table of segmentation and competitive landscape in details List of prominent players and their key strategies for maintaining the lion’s share in the market Current automotive interior materials market trends Regional Segmentation: Asia Pacific will Dominate Market Owing to Increasing Adoption of Electric Vehicles Geographically, the global automotive interior materials market is categorized into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, Asia Pacific is holding the dominant automotive interior materials market share on account of rapid expansion of the market in countries such as China, South Korea, Thailand, India, and Japan. Moreover, the rise in adoption and sales of e-vehicles will also help this region continue dominating the market in the coming years. The market in Europe ranks second attributed to the increasing popularity of the e-vehicle market. However, North America market generated a significant automotive interior materials market revenue of USD 7,626.7 million in 2018. Growth of this region is attributed to the advent of electric vehicles and steady improvement of the automotive industry in the region. Furthermore, the Latin America market will witness healthy growth owing to the expansion of automotive industry in nations such as Mexico and Brazil. List of Notable Automobile Interior Materials Market Manufacturers include: Freudenberg Performance Materials SEIREN Co., Ltd. Yanfeng Automotive Interiors Sage Automotive Interiors Other Vendors KeyIndustry Developments of the Automotive Interior Materials Market Include: January 2020 – Adient Plc., a company dealing with automotive interiors manufacturing sold 30% ownership stake in Yanfeng Global Automotive Interior Systems Co.Ltd to Yangfeng and entered into a joint venture until the end of December 2038. October 2018 – The Japanese manufacturer for chemicals and materials variety successfully announced the acquiring of Sage Automotive Interiors, aUS-based company. Information source: https://www.fortunebusinessinsights.com/automotive-interior-materials-market-102540
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Composites Market Size & Growth | Global Report [2020-2027]

Composites Market Size & Growth | Global Report [2020-2027] | Blog | Scoop.it
The global composites market size was USD 99.91 billion in 2019 and is projected to reach USD 112.0 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period.
Nitesh Vhaval's insight:
The global composites market size is projected to reach USD 112.0 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period. Increasing utilization of composite materials in 3D printing applications will broaden the horizons of this market, observes Fortune Business Insights™ in its report, titled “Composites Market Size, Share and COVID-19 Impact Analysis, By Matrix (Polymer matrix, Ceramic matrix and Metal matrix), by Polymer matrix (Fiber {Glass, Carbon, Aramid} and Resin {Thermoset and Thermoplastics}) and by Application (Automotive & Transportation, Building & Construction, Electrical & Electronics goods, Pipes & tank manufacturing, Consumer goods, Wind power, Maritime, Defense & aviation) and Regional Forecast, 2020-2027”. 3D printing technology holds an enormous potential for the manufacturing sector, allowing producers to efficiently create parts, machineries, and equipment at relatively low costs. Most of the 3D printers available today use Fused Filament Fabrication (FFF), a polymer-extrusion process for composites. For example, US-based additive manufacturer, Markforged, developed the continuous fiber 3D printing method and currently offers a variety of industrial 3D printers, with main focus on functional prototyping and end-use manufacturing. Another US-based company, Desktop Metals, launched its Fiber 3D Printer in 2019, which combines the traditional Automated Fiber Placement technology with FFF. These advancements are expected to provide a solid push to the growth trajectory of this market in the foreseeable future. The unprecedented health and economic crisis created by the COVID-19 pandemic has severely impacted industrial activities. Businesses have either been forced to shut down or are experiencing massive revenue losses. To enable your business to survive these trying times, Fortune Business Insights™ offers comprehensive market research reports based on our experience and expertise. These reports contain a detailed impact analysis of coronavirus pandemic on the market of your concern. According to the report, the global market value stood at USD 99.91 billion in 2019. The other highlights of the report include: Deep insights into the trends, drivers, opportunities, and challenges shaping the market; Actionable analysis of the market segments; Tangible research into the regional developments impacting the market; and Thorough evaluation of the key market players and their strategies. Market Driver Rising Demand for Electric Vehicles to Surge the Adoption of Composites Electric vehicles (EVs) are witnessing skyrocketing demand as consumers are actively looking to reduce their spending on gasoline and lower emissions. According to the International Energy Agency (IEA), 2.1 million EVs were sold in 2019. The key to enhance the energy-efficiency of these vehicles is to bring down their weight. These materials are expected to play an instrumental role in facilitating these requirements and research has been conducted in this area for over a decade now. For example, in 2010, Imperial College London and its European partners engineered a carbon fiber composite to make lightweight and high-strength body panels and structural parts for hybrid EVs. More recently, the Fraunhofer Institute for Structural Durability and Systems Reliability in Germany initiated the Optimized Energy Management and Use (OPTEMUS) project in 2015. Funded by the European Union, the project has developed a composite that functions as a phase change material and effectively manages EV temperature and range. The vast potential of composites in EV manufacturing is, thus, foreseen to drive the global market in the upcoming years. Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/composites-market-102295 Regional Insights Prominent Presence of Industry Players to Favor Growth in the Asia Pacific Market Asia Pacific dominated the composites market share with a size of USD 43.76 billion in 2019 on account of the strong presence and robust operations of some of the biggest players in the industry such as Toray and Mitsubishi. These companies have been injecting large amount of funds into research and development to create new composite solutions and meet the rapidly rising demand for these materials from diverse industries in the region. The market in North America is benefiting from the extensive utilization of these materials by the region’s well-established aerospace & defense industry. In Europe, the market dynamics will be primarily shaped by the region’s massive automotive industry, increasing uptake of EVs, and favorable governmental policies promoting the adoption of lightweight materials in vehicle manufacturing.
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3D Printing Materials Market Share | Industry Report, 2026

3D Printing Materials Market Share | Industry Report, 2026 | Blog | Scoop.it
The global 3D printing materials market size was USD 1.53 billion in 2018 and is projected to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period.
Nitesh Vhaval's insight:
The global 3D printing materials industry size is predicted to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period. The increasing application of 3D printing in various end-user industries such as aerospace, automotive, military, and healthcare will have a positive impact on the 3D printing materials market revenue during the forecast period. Moreover, one of the major 3D printing materials market trends include the increasing knowledge of 3D printing as a faster manufacturing process than conventional manufacturing processes such as injection molding, and subtractive production. As per the published report by Fortune Business Insights, the market size stood at USD 1.53 billion in 2018. The 3D printing materials market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about 3D printing materials market outlook, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner. Market Driver: Growing Adoption of 3D Printing Technology to Spur Opportunities The rising shift from conventional printing to 3D printing technology will bolster healthy growth of the market in the foreseeable future. 3D printing offers properties including, reduced waste, complexity in designs, cost-effectiveness, and improved design modification. Moreover, the increasing awareness regarding the proven benefits of 3D printing has attracted manufacturers from various sectors. Food, footwear, music, jewelry, and medical sectors are implementing the technology for the manufacturing and development of new products at lower cost. This, factor uplift the 3D printing materials market share in the forthcoming years. In addition, the growing utilization of 3D printed parts in aerospace, automotive, and military applications will enable speedy growth of the market during the forecast period. Nonetheless, 3D printing enables designers to create complex parts at low cost along with production feasibility. For instance, components created from titanium in aerospace industry are usually 3D printed as it offers high dimensional accuracy, and great mechanical properties. Regional Analysis: Booming Aviation Industry to Propel Growth in North America The market in North America generated a revenue of USD 0.58 billion in 2018 and is predicted to witness high growth during the forecast period owing to the rising demand from aerospace, military, and medical industry. The burgeoning aviation industry will create growth opportunities for the market in the region in the forthcoming years. The growing requirement for aircrafts and stellar demand for metal in the defense will boost the market in North America. Europe is predicted to grow rapidly during the forecast period owing to the increasing adoption of 3D printing technology in healthcare. 3D printing is extensively used to manufacture implants and prosthetics at a very low cost. Thus, the rising demand for 3D printing technology in various sectors will contribute positively to the growth of the market in Europe. The Report Lists the Key Companies in the 3D Printing Materials Market: Stratasys Ltd. 3D Systems, Inc. Materialise NV Markforged, Inc. EOS GmbH Höganäs AB Arkema Royal DSM N.V. ExOne GE Additive Evonik Industries AG Höganäs AB BASF SE Covestro AG Information Source: https://www.fortunebusinessinsights.com/3d-printing-material-market-102296
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Nitric Acid Market Size, Share & Analysis Report [2020-2027]

Nitric Acid Market Size, Share & Analysis Report [2020-2027] | Blog | Scoop.it
The global nitric acid market size was USD 22,268.1 million in 2019 and is projected to reach USD 27,536.9 million by 2027, exhibiting a CAGR of 3.5% during the forecast period.
Nitesh Vhaval's insight:
The global nitric acid market share is expected to reach USD 27,536.9 million by 2027, exhibiting a CAGR of 3.5% during the forecast period. The booming automotive industry in developing nations has led to high consumption of this acid, which, in turn, will bode well for the market, states Fortune Business Insights, in a report. The nitric acid market share size stood at USD 22,268.1 million in 2019. The coronavirus incident has brought the world to an unexpected halt. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. The report on the nitric acid market includes: More significant insights into the market In-depth analysis of the market Market drivers and restraints Comprehensive information about key players Leading regions in the market Market Driver: Surging Construction Activities to Enable Speedy Expansion The increasing application of the HNO3 agriculture industry for the manufacturing of fertilizers such as ammonium nitrate, potassium nitrate, calcium ammonium nitrate, and nitro phosphate will foster the healthy growth of the market. The utilization of fertilizers to increase crop yield and serve the rising population's needs will spur opportunities for the nitric acid industry. Furthermore, the growing disposable income of consumers has subsequently boosted the demand for organic and quality food, thereby aiding the market growth. The surging construction activities will consequently accelerate the development of the market in the forthcoming years. For instance, Toluene di-isocyanate (TDI), a HNO3 intermediate, is used to manufacture polyurethane foams, wood and floor coatings, and insulation materials. The improving lifestyle of consumers and increasing renovation activities will contribute significantly to the market growth. Besides, new governmental infrastructure projects will bolster the nitric acid market growth. Disturbed Supply Chain to Affect HNO3 Production Amid Coronavirus The coronavirus pandemic had a drastic impact on industries, causing temporary shutdown of manufacturing and trade activities. The declined demand and production have disrupted the supply chain. Moreover, the momentary halt on automotive production has led to reduced demand for this type of acid, thus hampering this market. However, the rising application of plastic in the medical industry will favor development of the market. The growing demand for PPE kits has led to high production of plastics, propelling market growth for nitric acid. Browse Complete Research Report: https://www.fortunebusinessinsights.com/nitric-acid-market-104566
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Agricultural Films Market Size, Share, Growth | Global Report, 2026

Agricultural Films Market Size, Share, Growth | Global Report, 2026 | Blog | Scoop.it
The global agricultural films market Size was valued at USD 8.68 billion in 2018 and is projected to reach USD 14.31 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period.
Nitesh Vhaval's insight:
As per a report published by Fortune Business Insights The global agricultural films market size is predicted to reach USD 14,315.4 million by 2026, exhibiting a CAGR of 6.5% during the forecast period. The increasing applications of films in tunnels, greenhouses, plastic reservoirs and irrigation systems, mulching, silage and others will spur growth opportunities for the market in the foreseeable future. The constantly rising demand for food has led to a surge for effective additives for plastics in agricultural applications. This, factor will boost the agricultural films market trends. In addition, agricultural film has the capabilities of enhancing the productivity of the crops. Thus, growing demand for agricultural films owing to its capabilities will bolster healthy growth of the market. The agricultural films Industry size stood at USD 8,686.0 million in 2018.The agricultural films market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about agricultural films market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner. Market Driver: Environmental Concerns to Motivate Chances for Biodegradable Films The growing environmental issues and human health threats has made biodegradable films as an alternative solution for the agricultural films sector. The rising efforts for the development of biodegradable or edible films from biopolymers with an aim to improve crops performance and farming practices among end-users will have a positive impact on the agricultural films market share. Biodegradable agricultural films are made from natural polymers and are propitious, as it improves crop quality, increases yields, reduces water use for irrigation, enhances control, and pesticides. Moreover, strict government guidelines regarding environment protection will result in the expansion of the market in the forthcoming years. In addition, these films are completely organic, helping the bacterial flora to transform films into water and biomass, carbon dioxide or methane, hence reduction in water pollution. Regional Analysis: Surge in Food Production to Stimulate Growth in Asia Pacific The growing population and Favorable government regulations will propel market in the region. North America is predicted to witness a high growth rate during the forecast period owing to the rising consumers shift towards plant based-food. Europe is predicted to rise perpetually in the forthcoming years owing to the rising use of biodegradable agricultural films in the region. The market in Asia Pacific stood at USD 5,924.4 million in 2018 and is expected to grow rapidly during the forecast period owing to the rising food production in the developing countries such as India and China. The growing use of mulching agricultural films will enable healthy growth of the market in Asia Pacific. Key Development: January 2019: RKW announced to expand Its silage films portfolio with PolydressSiloClassics and PolydressSiloPro. The new portfolio of the company will consist of design offerings to help farmers add a little significant value in terms of work efficiency and silage quality, also covering sustainability to cost-saving needs in agriculture. Source:https://www.fortunebusinessinsights.com/agricultural-films-market-102701
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Zeolite Market Size, Share, Analysis | Global Report [2020-2027]

Zeolite Market Size, Share, Analysis | Global Report [2020-2027] | Blog | Scoop.it
The global zeolite market size was $4,326.2 million in 2019 & is projected to reach $6,190.0 million by 2027, exhibiting a CAGR of 4.7% in forecast period
Nitesh Vhaval's insight:
The global zeolite market is set to gain traction from its ever-increasing usage in creating laundry detergents. Zeolite A is extensively utilized to produce phosphate-free detergents owing to its non-toxic nature. Fortune Business Insights™ published this information in a new study. The study further states that the zeolite market size was USD 4,326.2 million in 2019 and is projected to reach USD 6,190.0 million by 2027, exhibiting a CAGR of 4.7% during the forecast period. COVID-19 to Affect Demand Backed by Disruptions in Supply Chain The outbreak of the COVID-19 pandemic is affecting the demand for zeolite-based products worldwide. This is occurring because of the rising disruptions in supply chains owing to the complete lockdown in various cities. Hence, manufacturers are investing hefty amounts in sustaining their production capacities to boost growth. We are delivering specially curated reports that would enlighten you on the effects of this pandemic on the market. You can select the best available strategy for intensifying competition. Drivers & Restraints- Increasing Usage in Cement and Concrete Industry to Bolster Growth Nowadays, natural zeolite is being used more in the production of construction materials, as well as in the cement and concrete industry. This is because it is capable of surging the durability of concrete and cement composites. At the same time, it can enhance mechanical strength. Also, it is eco-friendly and cost-effective which makes it the most preferable mineral in the construction industry. However, the availability of numerous substitutes, such as enzymes and metals may hamper the zeolite market growth in the near future. Segment- Animal Feed Sub-segment Held 28.2% Share Fueled by Usage in Additives Based on application, the market is bifurcated into natural and synthetic. The animal feed sub-segment under the natural zeolite segment held 28.2% in terms of zeolite market share in 2019. This growth is attributable to the rising usage of the mineral as animal feed additives for poultry, swine, sheep, cattle, and dairy cows. On the other hand, the catalysts sub-segment under the synthetic zeolite segment generated 19.3% market share in 2019. Regional Analysis- Rising Number of Public Infrastructure Projects to Augment Growth in Asia Pacific Geographically, North America procured USD 748.5 million in terms of revenue in 2019. The region is expected to showcase significant growth in the coming years owing to the expansion of the animal feed industry. Asia Pacific is set to generate the highest share in terms of revenue throughout the forthcoming period on account of the increasing number of public infrastructure projects and the rising expenditure in infrastructure development in South Korea, China, and India. Competitive Landscape- Key Players Aim to Strengthen Positions by Opening New Plants & Launching Detergents Majority of the key companies are located in Europe and North America. They are persistently striving to strengthen their positions by launching new laundry detergents equipped with zeolites or are focusing on opening new manufacturing plants to surge productivity. Below are two industry developments: July 2019: Reckitt Benckiser launched its latest product called Vanish Oxi Action Stain Removal Powder. As per the company, it has 10 times more active oxygen, unlike the other high-quality detergents. It also contains zeolites and enzymes that would help in eliminating several types of complex stains. May 2018: Zeochem opened its new plant in Zvornik for the processing of chromatographic gels and zeolite. The company invested around USD 9 million for the same. It would strengthen the company’s position. Source:https://www.fortunebusinessinsights.com/industry-reports/zeolite-market-101921
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Magnesium Market Size, Share & Trends | Report [2020-2027]

Magnesium Market Size, Share & Trends | Report [2020-2027] | Blog | Scoop.it
The global magnesium market size was USD 4,115.0 million in 2019 and is projected to reach USD 5,928.1 million by 2027, exhibiting a CAGR of 5.4% during the forecast period.
Nitesh Vhaval's insight:
The global magnesium market is set to gain traction from the increasing demand for a safer alternative to lithium-ion batteries. Fortune Business Insights™presented this information in a new report. The report further states that the market size was USD 4,115.0 million in 2019 and is projected to reach USD 5,928.1 million by 2027, exhibiting a CAGR of 5.4% during the forecast period. COVID-19 Pandemic: High Demand from Beverage Can Manufacturers to Boost Growth The COVID-19 pandemic has caused an abrupt halt in supply chains, production facilities, and raw material mining across the globe. Hence, a wide range of industries are struggling to keep up with regular revenues to sustain in the market. But, the demand for magnesium is set to surge owing to itsincreasing application in the beverage can manufacturing industry. Our detailed research reports will provide the best insights into the market for battling the pandemic. Drivers & Restraints- Increasing Usage in Automotive Components to Accelerate Growth Being one of the lightest metals with excellent strength, magnesium is capable of resisting high temperatures. It is used to manufacture automotive components by alloying with aluminium. The U.S. Automotive Material Partnershipdeclared that90 lbs of Mg can replace 150 lbs of aluminum, while 250 lbsof the same can replace 500 lbs of steel. It can reduce around 15% of the weight of vehicles. These factors are expected to propel the magnesium market growth in the near future. However, the metal has low corrosion resistance, which, in turn, may hamper growth. Segment- DesulfurizationSegment to Grow Steadily Fueled by Rising Government Investments Based on the application, the desulfurization segment earned 13.2% in terms of the magnesium market share in 2019. This growth is attributable to the increasing investments by government agencies, especially in developing nations to enhance their pre-existing infrastructures. Regional Insights- Asia Pacific to Dominate Stoked by Surging Production of Vehicles in China Geographically, Asia Pacific held USD 1,394.3 million in 2019 in terms of revenue. It is set to remain at the forefront because of the presence of major consuming and producing countries in the region. Besides, the rising production of automotive in China and India would aid growth. North America, on the other hand, is expected to grow significantly on account of the rising usage of the metal in place of aluminium and steel in automobile bodies. In Europe, countries, such as the U.K., France, and Germany would contribute to growth backed by the urgent need to lower carbon emissions and lower vehicle weight. Competitive Landscape- Key Players Focus on Collaboration &New Plant Development to Intensify Competition The global market for Mgis highly fragmented. Several reputed companies are investing huge sums in research and development activities to introduce novel products. Some of the others are aiming to co-develop new products by collaborating with local firms. Below are the two latest industry developments: September 2020:Alliance Magnesium Inc. (AMI) collaborated with the Carrefour d’innovation sur les matériaux de la MRC des Sources (CIMMS). It will aid AMI to benefit from the latter’s 50% technical staff, equipment, and facilities. At the same time, it will be able to gain access to its laboratory. August 2020: Latrobe Magnesium Limited (LMG) will soon build its new magnesium plant in Victoria’s Latrobe Valley. It is currently investigating the usage of a hydromet process blended with the thermal reduction process. Source:https://www.fortunebusinessinsights.com/magnesium-market-104713
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Surfactants Market Size, Share, Growth | Global Report [2028]

Surfactants Market Size, Share, Growth | Global Report [2028] | Blog | Scoop.it
The global surfactants market is projected to grow from $41.22 billion in 2021 to $57.81 billion by 2028 at a CAGR of 4.9% in the forecast period, 2021-2028
Nitesh Vhaval's insight:
The global surfactants market size is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period. The growing awareness about personal health and hygiene will spur lucrative growth opportunities for the market, states Fortune Business Insights, in a report. The market size stood at USD 44,157.4 million in 2019. The whole world is battling with the novel coronavirus, leaving numerous industries distraught. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly. Market Driver: Rising Demand for Home Care Products to Augment Growth The increasing application of surfactants in homecare, textiles, and food & beverage industries will have an outstanding impact on the global market. The escalating need for home care products among the urban population will bolster the healthy growth of the market in the forthcoming years. The increasing consumer consciousness towards hygiene owing to the spread of various diseases and viruses can subsequently aid the expansion of the market. Products in homecare include sanitizers, detergents, cleaning products, shampoo, hand wash, and others. The heavy demand for such products is expected to support the development of the market. Moreover, the surging population has further boosted the demand for food & beverages, which, in turn, will augur well for the market. Rising Emphasis on Hygiene to Boost Market Amid Coronavirus The COVID-19 pandemic has resulted in the expansion of the household care industry because of the growing concern about cleanliness and hygiene. The surging sales of household care products will benefit the market amid COVID-19. As perthe Household and Commercial Products Association (HCPA), the market value is around USD 180 billion per annum of home care products such as cleaners, and disinfectants for homes and commercial environments. Besides, the inflateddemand for hand sanitizers and disinfectant sprays will have a tremendous effect on the global market during the COVID-19 pandemic. Regional Analysis: Rapid Industrialization to Bolster Growth in North America The market in North America is expected to hold the largest share in the global market during the forecast period owing to the rapid industrialization in the region. The rising disposable income is likely to foster the healthy growth of the market in North America. The emerging manufacturers of bio-based surfactants owing to improving economic conditions will augur well for the market in the region. The significant demand for homecare and cosmetics products will have a positive effect on the market in the region. Moreover, the evolving consumer lifestyle is expected to further enhance the development of the market. Moreover, the presence of Chevron, Dow, and Formosa Plastics will further boost the production of ethylene oxide, as 23% of purified ethylene grade is used for the production of surfactants. These factors and drivers together will enable speedy development of the market. Key Development: February 2018: Croda International Plc announced the launch of an ECO range of bio-based surfactants that are a 100% renewable range of non-ionic surfactants. The product range offers a wide variety of assistance that includes emulsification, cleansing and detergency, and solubilization while also delivering stable and mild formulations. Source:https://www.fortunebusinessinsights.com/surfactants-market-102385
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Polymer Foam Market Size | Global Industry Forecast [2020-2027]

Polymer Foam Market Size | Global Industry Forecast [2020-2027] | Blog | Scoop.it
The global polymer foam market size was $114.88 billion in 2019 & it is projected to reach $157.63 billion by 2027, exhibiting a CAGR of 7.73% in forecast period
Nitesh Vhaval's insight:
The global polymer foam market size is likely to rise remarkably in the forecast period on account of increasing demand for polymer foams from the building and construction sector. Fortune Business Insights provides a detailed analysis of the market in their report titled, “Polymer Foam Market Size, Share & Industry Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2019-2026”. According to the report, the polymer foam market is anticipated to reach USD 154.08 billion by 2026 from USD 110.85 billion in 2018 with a CAGR of 4.28%, within the forecast period of 2019 to 2026. The report offers a comprehensive analysis of the polymer foam market, chiefly focusing on crucial aspects such as growth drivers, restraints, trends, and opportunities. It also throws light on the current industry insights and key developments of the market. Besides this, the report lists the names of significant players in the market and major strategies adopted by them in order to stay ahead of the competition. Detailed segmentation of the market is also provided in the report including the regional segmentation. All information presented in the report is gathered from primary and secondary research methods. The report is available for sale on the company’s website. As per the current polymer foam market trends, the market is segmented on the basis of type, application, and geography. In terms of application, the building and construction segment will lead with 49.10% share. This is attributable to the durable, versatile, and lightweight features of polymer foam. Asia Pacific to Lead Owing to Presence of Major Market Vendors Geographically, the market is dominated by Asia Pacific and likely to remain the same in the forecast duration as well. This is attributable to the increasing demand from the building and construction application and packaging industries in the region. The rise in population, coupled with the increase in disposable income and change in lifestyle of people has led to a surge in construction activities in the region. An increase in the number of building activities in the developing nations of Asia Pacific such as India and China are boosting the regional market. China, India, and Japan are the key nations contributing major shares to the market globally. Besides this, the rise in demand from the interior designing sector is likely to help Europe generate remarkable polymer foam market revenue in the forecast period. Fragmented Nature of Market to Propel Players to Set New Trajectories The competitive landscape of the polymer foam market is fragmented in nature owing to the presence of both international as well as local players. Most of the key players have their base in Asia Pacific, thus making this region dominate the market. Some of the key industry developments in the polymer foam market include: March 2019 – A specialty chemical producer of damping, sealing, bonding, and reinforcing solutions for the construction and automotive industry called Sika AG acquired a Belarus based manufacturer of polyurethane foam systems called Belineco LLC IN March 2019. This acquisition is anticipated to provide the opportunity of developing polyurethane foams to Sika. July 2019 – Texas Foam, the Bastrop-based company in Texas, U.S., was acquired by a North American provider of energy management components and protective packaging solutions called Huntington Solutions, LLC. The main focus behind this acquisition was to broaden the production capabilities of Texas Foam. Source: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
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